{
  "ticker": {
    "uuid": "bcfb851f-828c-4519-a25a-372218cf11b3",
    "symbol": "NEXN",
    "name": "Nexxen International Ltd",
    "exchange": "NASDAQ",
    "country": "US",
    "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": "QQQ",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 83.046,
    "architecture_energy": 80.645,
    "architecture_maturity": 44.0,
    "architecture_confidence": 82.038,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 1.21,
        "rotation_up": 81.12,
        "upward_expansion": 94.73,
        "deceleration": 43.35,
        "rotation_down": 12.36,
        "downward_expansion": 16.73
      },
      "activity_lines": [
        10.337,
        9.872909,
        9.127286,
        8.547376
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 10.9,
    "trend_reference": 7.8005,
    "distance_from_trend": 0.397346,
    "trend_direction": "Improving",
    "fair_value": 7.347276,
    "distance_from_fair_value": 0.483543,
    "fair_value_direction": "Improving",
    "relative_strength": 20.96526,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.847458,
    "excess_performance": 0.660004,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.397346,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.14137,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.483543,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.410232,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.209653,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.440053,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.847458,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 10.131883,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2350179,
      "relative_activity": 1.413721,
      "balance": 10.131883,
      "dry_up": 1.54854,
      "accumulation_observations": 6,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.078143,
      "annualized_volatility": 0.349875,
      "from_high_reference": -0.020665,
      "from_low_reference": 0.946429
    },
    "levels": {
      "trend_reference": 7.8005,
      "fair_value_reference": 7.347276,
      "structural_low": 5.8,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 16,
        "median_return": 0.042725,
        "positive_rate": 0.6875,
        "directional_follow_through": 0.6875,
        "median_excess_return": 0.018203,
        "regime_survival": 0.8125,
        "best_return": 0.255668,
        "worst_return": -0.086629,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.167442,
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        "directional_follow_through": 0.6,
        "median_excess_return": 0.139725,
        "regime_survival": 0.6,
        "best_return": 0.314741,
        "worst_return": -0.113131,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.166003,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.066657,
        "regime_survival": 0.333333,
        "best_return": 0.502994,
        "worst_return": -0.382298,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "worst_return": -0.220339,
        "sufficient": false
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        "end": "2024-07-05",
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        "regime": "deceleration",
        "label": "Deceleration",
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        "tenure": "New",
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      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "regime": "rotation_down",
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        "regime": "balance",
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      },
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      },
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      },
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      },
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      },
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "modifier": "Early expansion",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 7.266891,
        "relative_strength": 4.569485,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.250181,
        "energy": 75.351806,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 3197408,
        "typical_volume": 1675971.6,
        "trend": 7.399167,
        "fair_value": 7.283878,
        "relative_strength": 15.435531,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.064136,
        "energy": 83.368354,
        "activity_lines": [
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          8.491738,
          8.001409
        ]
      },
      {
        "date": "2026-07-24",
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        "volume": 2014371,
        "typical_volume": 1665940.3,
        "trend": 7.503167,
        "fair_value": 7.299006,
        "relative_strength": 14.278288,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.012873,
        "energy": 81.45695,
        "activity_lines": [
          9.764333,
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          8.666714,
          8.157591
        ]
      },
      {
        "date": "2026-07-31",
        "close": 10.28,
        "volume": 2735254,
        "typical_volume": 1688515.45,
        "trend": 7.635167,
        "fair_value": 7.31766,
        "relative_strength": 19.566293,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.281611,
        "energy": 76.75044,
        "activity_lines": [
          10.001333,
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          8.874262,
          8.336742
        ]
      },
      {
        "date": "2026-08-07",
        "close": 10.9,
        "volume": 2350179,
        "typical_volume": 1662406.9,
        "trend": 7.8005,
        "fair_value": 7.347276,
        "relative_strength": 20.96526,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.045883,
        "energy": 80.645404,
        "activity_lines": [
          10.337,
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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."
    }
  }
}