{ "ticker": { "uuid": "878a9326-c71d-4ec2-b0c9-eb15a24b951e", "symbol": "KSM-F208", "name": "KSM Mutual Funds LTD - KSM ETF (60) Short TA-RealEstate IL (1676)", "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": -53.985, "architecture_energy": 63.17, "architecture_maturity": 100.0, "architecture_confidence": 55.4, "architecture_tenure": "Extended", "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": 21.93, "rotation_up": 27.95, "upward_expansion": 22.5, "deceleration": 66.98, "rotation_down": 47.09, "downward_expansion": 67.83 }, "activity_lines": [ 60.418667, 59.532182, 1462.528905, 2488.109398 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 61.96, "trend_reference": 3635.932667, "distance_from_trend": -0.982959, "trend_direction": "Weakening", "fair_value": 9479.929359, "distance_from_fair_value": -0.993464, "fair_value_direction": "Weakening", "relative_strength": -99.013896, "relative_strength_direction": "Weakening", "price_momentum": -0.988642, "excess_performance": -1.017542, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.982959, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.396071, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.993464, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.469726, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.990139, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.477127, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.988642, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 11.305021, "read": "Demand-led" } ], "volume": { "latest": 22282, "relative_activity": 0.67178, "balance": 11.305021, "dry_up": 0.739585, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 7.942916, "annualized_volatility": 6.349253, "from_high_reference": -0.993612, "from_low_reference": 0.112188 }, "levels": { "trend_reference": 3635.932667, "fair_value_reference": 9479.929359, 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"2026-07-24", "close": 59.57, "volume": 14893, "typical_volume": 44212.8, "trend": 4034.794, "fair_value": 9637.479615, "relative_strength": -99.136263, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.906295, "energy": 67.872606, "activity_lines": [ 58.968, 355.500182, 2054.951, 2986.290129 ] }, { "date": "2026-07-31", "close": 60.2, "volume": 12796, "typical_volume": 37385.9, "trend": 3809.167333, "fair_value": 9557.609103, "relative_strength": -99.074649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.432233, "energy": 67.064016, "activity_lines": [ 59.409333, 157.012545, 1745.689952, 2729.86471 ] }, { "date": "2026-08-07", "close": 61.96, "volume": 22282, "typical_volume": 33168.6, "trend": 3635.932667, "fair_value": 9479.929359, "relative_strength": -99.013896, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.984722, "energy": 63.170193, "activity_lines": [ 60.418667, 59.532182, 1462.528905, 2488.109398 ] } ], "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." } } }