{ "ticker": { "uuid": "9184c88c-b1c3-4209-b948-4197d15a9ad7", "symbol": "KSM-F109", "name": "KSM Mutual Funds Ltd. - KSM ETF (4D) S&P Homebuilders", "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": -68.497, "architecture_energy": 68.622, "architecture_maturity": 100.0, "architecture_confidence": 96, "architecture_tenure": "Established", "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": 4.37, "rotation_up": 29.92, "upward_expansion": 12.0, "deceleration": 60.95, "rotation_down": 59.57, "downward_expansion": 87.67 }, "activity_lines": [ 318.686667, 851.332727, 9464.715714, 15349.176989 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.833333 }, "latest_close": 325.9, "trend_reference": 22406.956667, "distance_from_trend": -0.985455, "trend_direction": "Weakening", "fair_value": 33488.260897, "distance_from_fair_value": -0.990268, "fair_value_direction": "Weakening", "relative_strength": -98.971875, "relative_strength_direction": "Weakening", "price_momentum": -0.990809, "excess_performance": -1.01971, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.985455, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.309216, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.990268, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.848952, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.989719, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.652126, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.990809, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.107003, "read": "Supply-led" } ], "volume": { "latest": 7924, "relative_activity": 0.873221, "balance": 0.107003, "dry_up": 0.279328, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 8.244624, "annualized_volatility": 6.321706, "from_high_reference": -0.991701, "from_low_reference": 0.055376 }, "levels": { "trend_reference": 22406.956667, "fair_value_reference": 33488.260897, 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"fair_value": 33873.396795, "relative_strength": -99.079942, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.015484, "energy": 82.110674, "activity_lines": [ 319.18, 3431.418182, 12984.319048, 18409.690323 ] }, { "date": "2026-07-31", "close": 312.9, "volume": 1918, "typical_volume": 8712.8, "trend": 23513.426667, "fair_value": 33680.082051, "relative_strength": -99.036148, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.955787, "energy": 69.333682, "activity_lines": [ 316.106667, 1895.583636, 11150.405238, 16845.146452 ] }, { "date": "2026-08-07", "close": 325.9, "volume": 7924, "typical_volume": 9074.45, "trend": 22406.956667, "fair_value": 33488.260897, "relative_strength": -98.971875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.497313, "energy": 68.621708, "activity_lines": [ 318.686667, 851.332727, 9464.715714, 15349.176989 ] } ], "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." } } }