{
  "ticker": {
    "uuid": "a033c54e-b697-4746-8394-064e69d87eb0",
    "symbol": "AUDC",
    "name": "AudioCodes 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": -55.164,
    "architecture_energy": 63.263,
    "architecture_maturity": 70.359,
    "architecture_confidence": 70.013,
    "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": 17.5,
        "rotation_up": 27.93,
        "upward_expansion": 22.5,
        "deceleration": 59.94,
        "rotation_down": 49.81,
        "downward_expansion": 70.17
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
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    "latest_close": 29.75,
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    "distance_from_trend": -0.982493,
    "trend_direction": "Weakening",
    "fair_value": 3312.308395,
    "distance_from_fair_value": -0.991018,
    "fair_value_direction": "Weakening",
    "relative_strength": -98.85386,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.987142,
    "excess_performance": -1.016043,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.982493,
        "read": "Below"
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      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.359705,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.991018,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.679712,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.988539,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.605339,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.987142,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.922423,
        "read": "Demand-led"
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    ],
    "volume": {
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      "relative_activity": 1.788109,
      "balance": 1.922423,
      "dry_up": 0.950587,
      "accumulation_observations": 3,
      "distribution_observations": 0
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    "risk": {
      "range_context": 8.502392,
      "annualized_volatility": 6.304123,
      "from_high_reference": -0.991398,
      "from_low_reference": 0.133333
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    "levels": {
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      "structural_low": 26.25,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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    "outcomes": [
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        "horizon": "Near term",
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        "horizon": "Intermediate",
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      },
      {
        "date": "2026-07-24",
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        "fair_value": 3365.597527,
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      },
      {
        "date": "2026-07-31",
        "close": 28.48,
        "volume": 89110,
        "typical_volume": 137641.1,
        "trend": 1792.428314,
        "fair_value": 3339.480774,
        "relative_strength": -98.935113,
        "stage": 4,
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        "energy": 66.751029,
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          29.016667,
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      },
      {
        "date": "2026-08-07",
        "close": 29.75,
        "volume": 252692,
        "typical_volume": 141318.0,
        "trend": 1699.328314,
        "fair_value": 3312.308395,
        "relative_strength": -98.85386,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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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."
    }
  }
}