{
  "ticker": {
    "uuid": "ae326246-a298-4c3d-8597-b3d2e889eea0",
    "symbol": "MLRN",
    "name": "M.L.R.N Projects and Trading 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": -66.969,
    "architecture_energy": 67.683,
    "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": 7.88,
        "rotation_up": 29.96,
        "upward_expansion": 12.0,
        "deceleration": 60.88,
        "rotation_down": 56.17,
        "downward_expansion": 85.33
      },
      "activity_lines": [
        12.936667,
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 13.07,
    "trend_reference": 956.111749,
    "distance_from_trend": -0.98633,
    "trend_direction": "Weakening",
    "fair_value": 827.684991,
    "distance_from_fair_value": -0.984209,
    "fair_value_direction": "Weakening",
    "relative_strength": -98.97847,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.991243,
    "excess_performance": -1.020143,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.98633,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.341702,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.984209,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -1.686135,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.989785,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.823923,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.991243,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.435546,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 131735,
      "relative_activity": 3.463102,
      "balance": 0.435546,
      "dry_up": 1.047737,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 9.685872,
      "annualized_volatility": 6.347097,
      "from_high_reference": -0.991699,
      "from_low_reference": 0.087354
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    "levels": {
      "trend_reference": 956.111749,
      "fair_value_reference": 827.684991,
      "structural_low": 12.02,
      "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",
        "sample_count": 23,
        "median_return": -0.04158,
        "positive_rate": 0.434783,
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        "sufficient": true
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      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "volume": 3089,
        "typical_volume": 32106.8,
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        "fair_value": 834.21171,
        "relative_strength": -99.047842,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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      },
      {
        "date": "2026-07-31",
        "close": 12.65,
        "volume": 24539,
        "typical_volume": 32410.5,
        "trend": 1006.992965,
        "fair_value": 830.962375,
        "relative_strength": -99.029431,
        "stage": 4,
        "regime": "downward_expansion",
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        "gate": "down",
        "direction": -68.46589,
        "energy": 68.443072,
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          12.917333,
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      },
      {
        "date": "2026-08-07",
        "close": 13.07,
        "volume": 131735,
        "typical_volume": 38039.6,
        "trend": 956.111749,
        "fair_value": 827.684991,
        "relative_strength": -98.97847,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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        "activity_lines": [
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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."
    }
  }
}