{ "ticker": { "uuid": "807623af-912b-4e31-ba16-27fddce53744", "symbol": "KMDA", "name": "Kamada", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "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": "QQQ", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 71.136, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -57.293, "architecture_energy": 42.828, "architecture_maturity": 23.289, "architecture_confidence": 93.156, "architecture_tenure": "New", "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": 20.2, "rotation_up": 22.42, "upward_expansion": 6.08, "deceleration": 53.41, "rotation_down": 49.44, "downward_expansion": 77.08 }, "activity_lines": [ 7.154, 7.200545, 7.450048, 7.668451 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 7.27, "trend_reference": 7.882823, "distance_from_trend": -0.077742, "trend_direction": "Improving", "fair_value": 6.257506, "distance_from_fair_value": 0.161805, "fair_value_direction": "Weakening", "relative_strength": -14.459434, "relative_strength_direction": "Weakening", "price_momentum": -0.087497, "excess_performance": -0.274951, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.077742, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.016285, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.161805, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.251824, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.144594, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.112982, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.087497, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.810291, "read": "Supply-led" } ], "volume": { "latest": 244641, "relative_activity": 1.085148, "balance": 0.810291, "dry_up": 0.916763, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.063447, "annualized_volatility": 0.251744, "from_high_reference": -0.198754, "from_low_reference": 0.152561 }, "levels": { "trend_reference": 7.882823, "fair_value_reference": 6.257506, "structural_low": 6.89, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 18, "median_return": 0.037646, "positive_rate": 0.611111, "directional_follow_through": 0.388889, "median_excess_return": 0.00739, "regime_survival": 0.666667, "best_return": 0.256356, "worst_return": -0.162011, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.00631, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.054855, "regime_survival": 0.375, "best_return": 0.298729, "worst_return": -0.083821, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.144962, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.017575, "regime_survival": 0.166667, "best_return": 0.322923, "worst_return": -0.124767, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 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7.810635 ] }, { "date": "2026-07-24", "close": 7.06, "volume": 169946, "typical_volume": 245662.6, "trend": 7.889961, "fair_value": 6.228403, "relative_strength": -12.837718, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.422288, "energy": 52.81638, "activity_lines": [ 7.141333, 7.242545, 7.562808, 7.757517 ] }, { "date": "2026-07-31", "close": 7.14, "volume": 235681, "typical_volume": 233687.15, "trend": 7.90056, "fair_value": 6.241904, "relative_strength": -12.000396, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.653011, "energy": 51.212267, "activity_lines": [ 7.122, 7.203455, 7.497136, 7.709133 ] }, { "date": "2026-08-07", "close": 7.27, "volume": 244641, "typical_volume": 225444.85, "trend": 7.882823, "fair_value": 6.257506, "relative_strength": -14.459434, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.293123, "energy": 42.827918, "activity_lines": [ 7.154, 7.200545, 7.450048, 7.668451 ] } ], "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." } } }