{ "ticker": { "uuid": "8ec7cc7c-3ba0-4624-8f18-52d0863e370e", "symbol": "KRNT", "name": "Kornit Digital Ltd", "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": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 89.82, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 51.441, "architecture_energy": 20.037, "architecture_maturity": 22.411, "architecture_confidence": 81.934, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 49.56, "rotation_up": 34.34, "upward_expansion": 58.26, "deceleration": 89.69, "rotation_down": 29.06, "downward_expansion": 16.93 }, "activity_lines": [ 15.856, 15.801, 15.74369, 15.564462 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 17.08, "trend_reference": 15.257833, "distance_from_trend": 0.119425, "trend_direction": "Improving", "fair_value": 18.577372, "distance_from_fair_value": -0.080602, "fair_value_direction": "Improving", "relative_strength": 1.204444, "relative_strength_direction": "Improving", "price_momentum": 0.191074, "excess_performance": 0.00362, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.119425, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.04377, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.080602, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.091243, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.012044, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.175353, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.191074, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.594403, "read": "Supply-led" } ], "volume": { "latest": 985898, "relative_activity": 0.768694, "balance": 0.594403, "dry_up": 0.987233, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.1005, "annualized_volatility": 0.373702, "from_high_reference": -0.136502, "from_low_reference": 0.431685 }, "levels": { "trend_reference": 15.257833, "fair_value_reference": 18.577372, "structural_low": 13.7, "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": 14, "median_return": -0.083282, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.096496, "regime_survival": 0.428571, "best_return": 0.180695, "worst_return": -0.342475, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.123166, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": -0.217064, "regime_survival": 0.25, "best_return": 0.798701, "worst_return": -0.454406, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.094576, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.290574, "regime_survival": 0.0, "best_return": 0.710153, "worst_return": -0.746624, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.280231, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.550029, "regime_survival": 0.0, "best_return": 0.440501, "worst_return": -0.854657, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-20", "end": "2025-01-17", "tenure": "Established", "return": 0.226766, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-24", "end": "2025-02-28", "tenure": "Developing", "return": -0.179861, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-04", "tenure": "Developing", "return": -0.263501, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-06-06", "tenure": "Developing", "return": 0.204703, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-06-20", "tenure": "New", "return": -0.067554, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-06-27", "end": "2025-07-04", "tenure": "New", "return": 0.006546, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-11", "end": "2025-07-18", "tenure": "New", "return": 0.067031, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-08-08", "tenure": "New", "return": -0.310644, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-15", "end": "2025-12-26", "tenure": "Established", "return": -0.034, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-02", "end": "2026-02-27", "tenure": "Developing", "return": 0.066248, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-06", "end": "2026-03-20", "tenure": "New", "return": -0.032325, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.12586, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-10", "tenure": "Developing", "return": -0.00815, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.136772, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 22.37, "volume": 1679261, "typical_volume": 1725063.35, "trend": 23.676667, "fair_value": 71.668237, "relative_strength": -21.818588, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": 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15.433376 ] }, { "date": "2026-07-24", "close": 15.23, "volume": 2077542, "typical_volume": 1420435.3, "trend": 15.1645, "fair_value": 18.702885, "relative_strength": -5.75903, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.042614, "energy": 12.415619, "activity_lines": [ 15.399333, 15.620636, 15.614976, 15.439194 ] }, { "date": "2026-07-31", "close": 15.22, "volume": 1404944, "typical_volume": 1419746.95, "trend": 15.193833, "fair_value": 18.615321, "relative_strength": -5.436839, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.764384, "energy": 9.354758, "activity_lines": [ 15.289667, 15.547455, 15.594286, 15.442774 ] }, { "date": "2026-08-07", "close": 17.08, "volume": 985898, "typical_volume": 1282562.35, "trend": 15.257833, "fair_value": 18.577372, "relative_strength": 1.204444, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.441009, "energy": 20.037342, "activity_lines": [ 15.856, 15.801, 15.74369, 15.564462 ] } ], "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." } } }