{
  "ticker": {
    "uuid": "84d05c88-4e23-4b21-afdd-fe270e45e08c",
    "symbol": "9521",
    "name": "INMAR Company",
    "exchange": "SAU",
    "country": "SA",
    "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": "^TASI.SR",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -38.262,
    "architecture_energy": 64.001,
    "architecture_maturity": 11.873,
    "architecture_confidence": 70.919,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 23.23,
        "rotation_up": 16.6,
        "upward_expansion": 22.32,
        "deceleration": 43.77,
        "rotation_down": 72.32,
        "downward_expansion": 63.99
      },
      "activity_lines": [
        19.02,
        19.528909,
        20.456952,
        20.471269
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 19.4,
    "trend_reference": 20.386863,
    "distance_from_trend": -0.048407,
    "trend_direction": "Weakening",
    "fair_value": 20.578063,
    "distance_from_fair_value": -0.057248,
    "fair_value_direction": "Weakening",
    "relative_strength": -6.0036,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.016528,
    "excess_performance": 0.015302,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.048407,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.013569,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.057248,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.1195,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.060036,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.072252,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.016528,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.182505,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 25363,
      "relative_activity": 0.309623,
      "balance": 0.182505,
      "dry_up": 0.454269,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.053361,
      "annualized_volatility": 0.253229,
      "from_high_reference": -0.244645,
      "from_low_reference": 0.060109
    },
    "levels": {
      "trend_reference": 20.386863,
      "fair_value_reference": 20.578063,
      "structural_low": 18.299999,
      "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": 2,
        "median_return": -0.002372,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.001143,
        "regime_survival": 0.5,
        "best_return": 0.004348,
        "worst_return": -0.009091,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": 0.014992,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.046699,
        "regime_survival": 0.0,
        "best_return": 0.014992,
        "worst_return": 0.014992,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": 0.063325,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.097709,
        "regime_survival": 0.0,
        "best_return": 0.063325,
        "worst_return": 0.063325,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.020179,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.021458,
        "regime_survival": 0.0,
        "best_return": 0.020179,
        "worst_return": 0.020179,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-23",
        "end": "2024-10-04",
        "tenure": "Developing",
        "return": -0.029287,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-11",
        "end": "2024-11-08",
        "tenure": "Developing",
        "return": -0.012461,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-15",
        "end": "2024-12-20",
        "tenure": "Developing",
        "return": 0.246344,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-27",
        "end": "2025-04-18",
        "tenure": "Established",
        "return": 0.282842,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-25",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": -0.144444,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-06-06",
        "end": "2025-07-04",
        "tenure": "Developing",
        "return": 0.004348,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-07-11",
        "end": "2025-08-29",
        "tenure": "Developing",
        "return": 0.085949,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-09-05",
        "end": "2025-10-10",
        "tenure": "Developing",
        "return": -0.075325,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-17",
        "end": "2026-04-17",
        "tenure": "Extended",
        "return": -0.019048,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-24",
        "end": "2026-05-01",
        "tenure": "New",
        "return": 0.091811,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-05-08",
        "end": "2026-05-29",
        "tenure": "New",
        "return": 0.058232,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-06-05",
        "end": "2026-06-26",
        "tenure": "New",
        "return": -0.110917,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-03",
        "end": "2026-07-10",
        "tenure": "New",
        "return": 0.005697,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-07-17",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.018908,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-04",
        "close": 18.639471,
        "volume": 3528,
        "typical_volume": 4509.45,
        "trend": 18.57361,
        "fair_value": 21.737103,
        "relative_strength": -1.084401,
        "stage": 1,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "down",
        "direction": -22.613136,
        "energy": 12.253093,
        "activity_lines": [
          18.415797,
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      },
      {
        "date": "2023-08-11",
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        "typical_volume": 4615.05,
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        ]
      },
      {
        "date": "2023-08-18",
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        "typical_volume": 4338.35,
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      },
      {
        "date": "2023-08-25",
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        "typical_volume": 4367.9,
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        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 53.709194,
        "energy": 61.350095,
        "activity_lines": [
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      },
      {
        "date": "2023-09-01",
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      },
      {
        "date": "2023-09-08",
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        "typical_volume": 5633.45,
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        "gate": "up",
        "direction": 42.641309,
        "energy": 36.44287,
        "activity_lines": [
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      },
      {
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      },
      {
        "date": "2023-09-22",
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      },
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      },
      {
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      },
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      },
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        "date": "2026-04-24",
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        "typical_volume": 58319.7,
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        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 62994.05,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 61937.6,
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        "relative_strength": 1.221636,
        "stage": 1,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 57549.05,
        "trend": 20.485936,
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        "relative_strength": 6.03928,
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        "modifier": "Value reclamation",
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      },
      {
        "date": "2026-05-22",
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        "gate": "mixed",
        "direction": 47.118737,
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      },
      {
        "date": "2026-05-29",
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        "relative_strength": 7.260901,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 83883.15,
        "trend": 20.757315,
        "fair_value": 20.494861,
        "relative_strength": 7.529112,
        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 82900.5,
        "trend": 20.77389,
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        "relative_strength": 2.396176,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 79059.25,
        "trend": 20.754712,
        "fair_value": 20.553971,
        "relative_strength": -3.818809,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 28.25666,
        "energy": 17.730002,
        "activity_lines": [
          21.774,
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          21.03376
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      },
      {
        "date": "2026-07-03",
        "close": 19.309999,
        "volume": 27795,
        "typical_volume": 79419.75,
        "trend": 20.602762,
        "fair_value": 20.558269,
        "relative_strength": -7.680794,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 1.631752,
        "energy": 17.828106,
        "activity_lines": [
          20.832667,
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      },
      {
        "date": "2026-07-10",
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        "volume": 6493,
        "typical_volume": 79737.0,
        "trend": 20.553109,
        "fair_value": 20.560286,
        "relative_strength": -6.831868,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -29.509833,
        "energy": 36.03289,
        "activity_lines": [
          20.168,
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          21.149972,
          20.864245
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      },
      {
        "date": "2026-07-17",
        "close": 19.040001,
        "volume": 37009,
        "typical_volume": 80991.85,
        "trend": 20.495721,
        "fair_value": 20.56584,
        "relative_strength": -7.655676,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -35.970584,
        "energy": 47.134514,
        "activity_lines": [
          19.608667,
          20.655091,
          20.977989,
          20.766626
        ]
      },
      {
        "date": "2026-07-24",
        "close": 18.799999,
        "volume": 26925,
        "typical_volume": 82204.3,
        "trend": 20.451703,
        "fair_value": 20.569857,
        "relative_strength": -9.171516,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -35.987575,
        "energy": 67.096099,
        "activity_lines": [
          19.16,
          20.183273,
          20.787354,
          20.657224
        ]
      },
      {
        "date": "2026-07-31",
        "close": 18.6,
        "volume": 59550,
        "typical_volume": 84468.15,
        "trend": 20.430607,
        "fair_value": 20.571396,
        "relative_strength": -8.070592,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -39.590544,
        "energy": 72.30464,
        "activity_lines": [
          18.898,
          19.744182,
          20.582551,
          20.537759
        ]
      },
      {
        "date": "2026-08-07",
        "close": 19.4,
        "volume": 25363,
        "typical_volume": 81915.65,
        "trend": 20.386863,
        "fair_value": 20.578063,
        "relative_strength": -6.0036,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -38.262362,
        "energy": 64.001182,
        "activity_lines": [
          19.02,
          19.528909,
          20.456952,
          20.471269
        ]
      }
    ],
    "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."
    }
  }
}