{ "ticker": { "uuid": "b797f2c1-a978-4f7d-9fde-14607b60f6a2", "symbol": "SPEN", "name": "Shapir Engineering and Industry 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": "Early contraction", "architecture_gate": "down", "architecture_direction": -64.029, "architecture_energy": 65.828, "architecture_maturity": 86.446, "architecture_confidence": 83.516, "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": 14.37, "rotation_up": 29.71, "upward_expansion": 16.5, "deceleration": 60.73, "rotation_down": 49.73, "downward_expansion": 76.17 }, "activity_lines": [ 45.229333, 45.252545, 1143.953139, 1815.940804 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 42.99, "trend_reference": 2496.80406, "distance_from_trend": -0.982782, "trend_direction": "Weakening", "fair_value": 2454.33176, "distance_from_fair_value": -0.982484, "fair_value_direction": "Weakening", "relative_strength": -98.52945, "relative_strength_direction": "Weakening", "price_momentum": -0.986365, "excess_performance": -1.015265, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.982782, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.285367, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.982484, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -1.731855, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.985295, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -1.113584, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.986365, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.546795, "read": "Supply-led" } ], "volume": { "latest": 1965978, "relative_activity": 0.923734, "balance": 0.546795, "dry_up": 0.92692, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 10.323899, "annualized_volatility": 6.412525, "from_high_reference": -0.990708, "from_low_reference": 0.021625 }, "levels": { "trend_reference": 2496.80406, "fair_value_reference": 2454.33176, 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"trend": 2496.80406, "fair_value": 2454.33176, "relative_strength": -98.52945, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.028546, "energy": 65.828309, "activity_lines": [ 45.229333, 45.252545, 1143.953139, 1815.940804 ] } ], "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." } } }