{
  "ticker": {
    "uuid": "a234ddc2-768a-4b1d-ad36-1a19553ce9f0",
    "symbol": "4210",
    "name": "Saudi Research and Media Group",
    "exchange": "SAU",
    "country": "SA",
    "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": "^TASI.SR",
    "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": -67.219,
    "architecture_energy": 78.385,
    "architecture_maturity": 87.273,
    "architecture_confidence": 86.223,
    "architecture_tenure": "Extended",
    "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": 13.39,
        "rotation_up": 11.01,
        "upward_expansion": 17.85,
        "deceleration": 40.39,
        "rotation_down": 76.92,
        "downward_expansion": 93.52
      },
      "activity_lines": [
        62.853333,
        66.548181,
        71.216666,
        75.492365
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 63.599998,
    "trend_reference": 83.785,
    "distance_from_trend": -0.240914,
    "trend_direction": "Weakening",
    "fair_value": 181.845192,
    "distance_from_fair_value": -0.650252,
    "fair_value_direction": "Weakening",
    "relative_strength": -44.705223,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.405607,
    "excess_performance": -0.373778,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.240914,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.227088,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.650252,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.051123,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.447052,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.007228,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.405607,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.286849,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 827638,
      "relative_activity": 0.980428,
      "balance": 0.286849,
      "dry_up": 1.401727,
      "accumulation_observations": 1,
      "distribution_observations": 7
    },
    "risk": {
      "range_context": 0.091921,
      "annualized_volatility": 0.419968,
      "from_high_reference": -0.680402,
      "from_low_reference": 0.10898
    },
    "levels": {
      "trend_reference": 83.785,
      "fair_value_reference": 181.845192,
      "structural_low": 57.349998,
      "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": 24,
        "median_return": -0.037772,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.023875,
        "regime_survival": 0.833333,
        "best_return": 0.340852,
        "worst_return": -0.186275,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.077771,
        "positive_rate": 0.375,
        "directional_follow_through": 0.625,
        "median_excess_return": -0.029833,
        "regime_survival": 0.5,
        "best_return": 0.479256,
        "worst_return": -0.353973,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
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        "positive_rate": 0.4,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.047444,
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        "worst_return": -0.445598,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
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        "best_return": 0.350606,
        "worst_return": -0.529347,
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      }
    ],
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        "end": "2024-06-14",
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        "active": false
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      {
        "regime": "rotation_down",
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        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "New",
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      },
      {
        "regime": "balance",
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      {
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        "active": false
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      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
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      {
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        "end": "2025-02-14",
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      {
        "regime": "rotation_down",
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        "active": false
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        "regime": "downward_expansion",
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        "color": "red",
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        "end": "2025-07-18",
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      {
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      },
      {
        "date": "2026-07-17",
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        "volume": 861917,
        "typical_volume": 822302.2,
        "trend": 90.45,
        "fair_value": 184.127564,
        "relative_strength": -46.675069,
        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
        "direction": -84.504128,
        "energy": 85.948723,
        "activity_lines": [
          68.91,
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          75.564285,
          80.52129
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      },
      {
        "date": "2026-07-24",
        "close": 63.700001,
        "volume": 1987516,
        "typical_volume": 824377.3,
        "trend": 88.04,
        "fair_value": 183.397436,
        "relative_strength": -46.500683,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -80.18699,
        "energy": 88.533324,
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          66.520001,
          70.585455,
          74.160238,
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      },
      {
        "date": "2026-07-31",
        "close": 59.049999,
        "volume": 1056053,
        "typical_volume": 819289.5,
        "trend": 85.808333,
        "fair_value": 182.629807,
        "relative_strength": -48.397142,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -85.540988,
        "energy": 91.245878,
        "activity_lines": [
          63.496667,
          67.979091,
          72.414761,
          76.925161
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      },
      {
        "date": "2026-08-07",
        "close": 63.599998,
        "volume": 827638,
        "typical_volume": 844159.65,
        "trend": 83.785,
        "fair_value": 181.845192,
        "relative_strength": -44.705223,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.219184,
        "energy": 78.38533,
        "activity_lines": [
          62.853333,
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          71.216666,
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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."
    }
  }
}