{
  "ticker": {
    "uuid": "9ea9e5a0-9380-473e-8147-b11a2d8109e3",
    "symbol": "BIOV",
    "name": "Bio-View Ltd",
    "exchange": "TLV",
    "country": "IL",
    "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": "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": -68.159,
    "architecture_energy": 67.714,
    "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": 29.96,
        "upward_expansion": 12.0,
        "deceleration": 60.93,
        "rotation_down": 58.82,
        "downward_expansion": 87.67
      },
      "activity_lines": [
        0.8928,
        0.928818,
        38.678405,
        69.485688
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.833333
    },
    "latest_close": 0.867,
    "trend_reference": 106.761267,
    "distance_from_trend": -0.991879,
    "trend_direction": "Weakening",
    "fair_value": 235.577807,
    "distance_from_fair_value": -0.99632,
    "fair_value_direction": "Weakening",
    "relative_strength": -99.450785,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.995074,
    "excess_performance": -1.023974,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.991879,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.332325,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.99632,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.611067,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.994508,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.630571,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.995074,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.054507,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 78493,
      "relative_activity": 1.679282,
      "balance": 0.054507,
      "dry_up": 1.216422,
      "accumulation_observations": 0,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 17.487446,
      "annualized_volatility": 6.273985,
      "from_high_reference": -0.997051,
      "from_low_reference": 0.044578
    },
    "levels": {
      "trend_reference": 106.761267,
      "fair_value_reference": 235.577807,
      "structural_low": 0.83,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 31,
        "median_return": 0.0,
        "positive_rate": 0.483871,
        "directional_follow_through": 0.483871,
        "median_excess_return": -0.049339,
        "regime_survival": 0.806452,
        "best_return": 0.18617,
        "worst_return": -0.992112,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
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        "worst_return": -0.99394,
        "sufficient": true
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "date": "2026-05-01",
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        "date": "2026-05-15",
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        "date": "2026-05-22",
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        "date": "2026-05-29",
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "relative_strength": -99.494286,
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        "energy": 89.480981,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 45698.7,
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        "fair_value": 242.064993,
        "relative_strength": -99.502132,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.027098,
        "energy": 89.30584,
        "activity_lines": [
          0.923133,
          14.914036,
          64.355533,
          92.318391
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      },
      {
        "date": "2026-07-24",
        "close": 0.928,
        "volume": 12819,
        "typical_volume": 45479.6,
        "trend": 119.035567,
        "fair_value": 239.958762,
        "relative_strength": -99.467187,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.530239,
        "energy": 78.61225,
        "activity_lines": [
          0.914,
          7.734782,
          54.995633,
          84.356458
        ]
      },
      {
        "date": "2026-07-31",
        "close": 0.904,
        "volume": 74488,
        "typical_volume": 47676.3,
        "trend": 113.232367,
        "fair_value": 237.76007,
        "relative_strength": -99.445975,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.36334,
        "energy": 68.277513,
        "activity_lines": [
          0.9098,
          3.097927,
          46.443314,
          76.735067
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.867,
        "volume": 78493,
        "typical_volume": 46742.0,
        "trend": 106.761267,
        "fair_value": 235.577807,
        "relative_strength": -99.450785,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.15901,
        "energy": 67.71447,
        "activity_lines": [
          0.8928,
          0.928818,
          38.678405,
          69.485688
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      }
    ],
    "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."
    }
  }
}