{ "ticker": { "uuid": "60a20f89-a09a-4bc8-b42e-8ed4099e904e", "symbol": "TCH-F69", "name": "Tachlit Indices Mutual Fund Management Ltd. - Tachlit SAL (4D) S&P Aerospace & Defense", "exchange": "TLV", "country": "IL", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "TA35.TA", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -55.273, "architecture_energy": 63.527, "architecture_maturity": 95.0, "architecture_confidence": 67.889, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 18.37, "rotation_up": 28.0, "upward_expansion": 18.0, "deceleration": 66.99, "rotation_down": 49.95, "downward_expansion": 74.67 }, "activity_lines": [ 148.56, 148.314545, 3104.520476, 5975.465161 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 152.9, "trend_reference": 9421.706667, "distance_from_trend": -0.983772, "trend_direction": "Weakening", "fair_value": 10382.828205, "distance_from_fair_value": -0.985274, "fair_value_direction": "Weakening", "relative_strength": -98.790781, "relative_strength_direction": "Weakening", "price_momentum": -0.989455, "excess_performance": -1.018355, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.983772, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.323258, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.985274, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -1.249644, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.987908, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.747793, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.989455, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.307017, "read": "Demand-led" } ], "volume": { "latest": 4927, "relative_activity": 0.992936, "balance": 1.307017, "dry_up": 0.792364, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 7.279318, "annualized_volatility": 6.30507, "from_high_reference": -0.990716, "from_low_reference": 0.096844 }, "levels": { "trend_reference": 9421.706667, "fair_value_reference": 10382.828205, 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"activity_lines": [ 146.753333, 886.830909, 5326.589048, 7958.197204 ] }, { "date": "2026-07-24", "close": 148.5, "volume": 4556, "typical_volume": 5098.25, "trend": 10387.376667, "fair_value": 10483.751923, "relative_strength": -98.909464, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.203803, "energy": 68.251716, "activity_lines": [ 147.02, 391.78, 4513.81381, 7267.427742 ] }, { "date": "2026-07-31", "close": 147.0, "volume": 4012, "typical_volume": 5005.1, "trend": 9937.943333, "fair_value": 10433.719872, "relative_strength": -98.864012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.779822, "energy": 67.564771, "activity_lines": [ 146.846667, 147.210909, 3773.23619, 6606.75828 ] }, { "date": "2026-08-07", "close": 152.9, "volume": 4927, "typical_volume": 4962.05, "trend": 9421.706667, "fair_value": 10382.828205, "relative_strength": -98.790781, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.272906, "energy": 63.526755, "activity_lines": [ 148.56, 148.314545, 3104.520476, 5975.465161 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }