{ "ticker": { "uuid": "9393b23a-50e1-4fe4-9d2f-d621ae242faf", "symbol": "TCH-F101", "name": "Tachlit Indices Mutual Fund Management Ltd. - Tachlit SAL (4A) STOXX Europe 600 EURO Hedged", "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": -54.072, "architecture_energy": 63.381, "architecture_maturity": 95.0, "architecture_confidence": 55.639, "architecture_tenure": "Developing", "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": 21.9, "rotation_up": 27.96, "upward_expansion": 22.5, "deceleration": 67.0, "rotation_down": 47.25, "downward_expansion": 67.83 }, "activity_lines": [ 8.363, 8.296382, 211.815294, 355.766285 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 8.483, "trend_reference": 519.528702, "distance_from_trend": -0.983672, "trend_direction": "Weakening", "fair_value": 615.049106, "distance_from_fair_value": -0.986208, "fair_value_direction": "Weakening", "relative_strength": -98.747999, "relative_strength_direction": "Weakening", "price_momentum": -0.989044, "excess_performance": -1.017945, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.983672, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.317735, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.986208, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -1.199362, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.98748, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.80718, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.989044, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 3.264479, "read": "Demand-led" } ], "volume": { "latest": 89110, "relative_activity": 0.998913, "balance": 3.264479, "dry_up": 1.068888, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 7.716528, "annualized_volatility": 6.383464, "from_high_reference": -0.989623, "from_low_reference": 0.061702 }, "levels": { "trend_reference": 519.528702, "fair_value_reference": 615.049106, "structural_low": 7.99, "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": 15, "median_return": 0.023885, "positive_rate": 0.733333, "directional_follow_through": 0.266667, "median_excess_return": 0.005457, "regime_survival": 0.666667, "best_return": 0.079734, "worst_return": -0.062876, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.064673, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": -0.00677, "regime_survival": 0.2, "best_return": 0.106393, "worst_return": -0.056283, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.108622, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": -0.034137, "regime_survival": 0.0, "best_return": 0.172512, "worst_return": -0.030127, "sufficient": false }, { "horizon": "Full cycle", 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"activity_lines": [ 8.295533, 22.615436, 251.945856, 390.363463 ] }, { "date": "2026-08-07", "close": 8.483, "volume": 89110, "typical_volume": 89206.95, "trend": 519.528702, "fair_value": 615.049106, "relative_strength": -98.747999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.071603, "energy": 63.38057, "activity_lines": [ 8.363, 8.296382, 211.815294, 355.766285 ] } ], "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." } } }