{
  "ticker": {
    "uuid": "8498ec8a-fc83-4118-8de1-734895e7a203",
    "symbol": "BIRM",
    "name": "Birman Wood & Hardware Ltd",
    "exchange": "TLV",
    "country": "IL",
    "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": "TA35.TA",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1a",
    "phase_label": "Stage 1A \u00b7 Bottoming",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "mixed",
    "architecture_direction": -18.094,
    "architecture_energy": 19.978,
    "architecture_maturity": 38.931,
    "architecture_confidence": 85.86,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 45.57,
        "rotation_up": 19.97,
        "upward_expansion": 15.07,
        "deceleration": 68.05,
        "rotation_down": 51.86,
        "downward_expansion": 42.41
      },
      "activity_lines": [
        8.758933,
        8.927364,
        95.050801,
        88.96325
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 8.811,
    "trend_reference": 72.779733,
    "distance_from_trend": -0.878936,
    "trend_direction": "Weakening",
    "fair_value": 22.196862,
    "distance_from_fair_value": -0.603052,
    "fair_value_direction": "Weakening",
    "relative_strength": -80.604851,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.037223,
    "excess_performance": -0.066123,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.878936,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.008673,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.603052,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.575182,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.806049,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.528179,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.037223,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.095665,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 106,
      "relative_activity": 0.06028,
      "balance": 0.095665,
      "dry_up": 0.339504,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 17.390526,
      "annualized_volatility": 9.141695,
      "from_high_reference": -0.991073,
      "from_low_reference": 0.099177
    },
    "levels": {
      "trend_reference": 72.779733,
      "fair_value_reference": 22.196862,
      "structural_low": 8.016,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 7,
        "median_return": -0.126973,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.285714,
        "median_excess_return": -0.137391,
        "regime_survival": 0.142857,
        "best_return": 0.092281,
        "worst_return": -0.201649,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.054352,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.165087,
        "regime_survival": 0.0,
        "best_return": 0.123992,
        "worst_return": -0.301874,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.105208,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.425335,
        "regime_survival": 0.25,
        "best_return": 0.400183,
        "worst_return": -0.264318,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.070343,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.273138,
        "regime_survival": 0.0,
        "best_return": 0.032318,
        "worst_return": -0.173003,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-18",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": -0.030471,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-06-06",
        "end": "2025-07-04",
        "tenure": "Developing",
        "return": 0.247148,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-11",
        "end": "2025-08-15",
        "tenure": "Developing",
        "return": -0.152143,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-22",
        "end": "2025-09-05",
        "tenure": "New",
        "return": -0.088597,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-09-12",
        "end": "2025-10-17",
        "tenure": "Developing",
        "return": -0.007777,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-24",
        "end": "2025-11-07",
        "tenure": "New",
        "return": 0.166181,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-11-14",
        "end": "2025-12-26",
        "tenure": "Developing",
        "return": -0.1184,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-02",
        "end": "2026-01-16",
        "tenure": "New",
        "return": -0.095841,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-23",
        "end": "2026-04-03",
        "tenure": "Developing",
        "return": 0.034688,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-10",
        "end": "2026-05-15",
        "tenure": "Developing",
        "return": -0.006993,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-22",
        "end": "2026-06-19",
        "tenure": "Developing",
        "return": -0.989922,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-06-26",
        "end": "2026-07-10",
        "tenure": "New",
        "return": -0.161456,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-07-17",
        "end": "2026-07-24",
        "tenure": "New",
        "return": -0.041501,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.012293,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
        "close": 13.710205,
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        "typical_volume": 1834.45,
        "trend": 14.631059,
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        "relative_strength": -12.662787,
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        "relative_strength": -30.009971,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "direction": -35.50689,
        "energy": 20.117034,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 3512.6,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "fair_value": 10.389555,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 2956.15,
        "trend": 10.162799,
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        "relative_strength": -25.636033,
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        "activity_lines": [
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      },
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        "date": "2026-05-22",
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        "relative_strength": 2958.028368,
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        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
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        "energy": 96.909044,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "relative_strength": 1777.658049,
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      },
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        "date": "2026-06-05",
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        "typical_volume": 2308.45,
        "trend": 73.361363,
        "fair_value": 22.424091,
        "relative_strength": -79.326119,
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      },
      {
        "date": "2026-06-12",
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        "volume": 0,
        "typical_volume": 2239.05,
        "trend": 73.287749,
        "fair_value": 22.389305,
        "relative_strength": -79.776591,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "date": "2026-06-19",
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        "direction": 19.838075,
        "energy": 14.733382,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "trend": 73.149192,
        "fair_value": 22.3523,
        "relative_strength": -77.83229,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -13.637342,
        "energy": 34.574606,
        "activity_lines": [
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          113.844542
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      },
      {
        "date": "2026-07-03",
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        "volume": 0,
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        "fair_value": 22.331193,
        "relative_strength": -81.322907,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -11.2754,
        "energy": 34.63567,
        "activity_lines": [
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          140.684776,
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      },
      {
        "date": "2026-07-10",
        "close": 8.341,
        "volume": 16609,
        "typical_volume": 2566.45,
        "trend": 72.985001,
        "fair_value": 22.314905,
        "relative_strength": -81.399108,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -23.055125,
        "energy": 34.724316,
        "activity_lines": [
          9.0166,
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          131.515144,
          105.5016
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      },
      {
        "date": "2026-07-17",
        "close": 9.06,
        "volume": 1646,
        "typical_volume": 2645.1,
        "trend": 72.937523,
        "fair_value": 22.302535,
        "relative_strength": -80.135834,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -21.168061,
        "energy": 30.412463,
        "activity_lines": [
          8.936067,
          95.242018,
          122.417591,
          101.377407
        ]
      },
      {
        "date": "2026-07-24",
        "close": 8.684,
        "volume": 626,
        "typical_volume": 1784.7,
        "trend": 72.873014,
        "fair_value": 22.268071,
        "relative_strength": -81.393789,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -20.070326,
        "energy": 25.164849,
        "activity_lines": [
          8.782,
          60.585145,
          113.284353,
          97.232018
        ]
      },
      {
        "date": "2026-07-31",
        "close": 8.704,
        "volume": 10,
        "typical_volume": 1753.25,
        "trend": 72.807887,
        "fair_value": 22.229016,
        "relative_strength": -80.820189,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -19.676326,
        "energy": 21.887909,
        "activity_lines": [
          8.7112,
          25.955654,
          104.15939,
          93.092082
        ]
      },
      {
        "date": "2026-08-07",
        "close": 8.811,
        "volume": 106,
        "typical_volume": 1758.45,
        "trend": 72.779733,
        "fair_value": 22.196862,
        "relative_strength": -80.604851,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -18.093871,
        "energy": 19.977756,
        "activity_lines": [
          8.758933,
          8.927364,
          95.050801,
          88.96325
        ]
      }
    ],
    "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."
    }
  }
}