{
  "ticker": {
    "uuid": "bdfe7ce2-26ef-409e-8d4a-383533a63cd9",
    "symbol": "ELTR",
    "name": "Electra Limited",
    "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": -65.52,
    "architecture_energy": 66.704,
    "architecture_maturity": 90.081,
    "architecture_confidence": 93.605,
    "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": 11.04,
        "rotation_up": 29.88,
        "upward_expansion": 12.0,
        "deceleration": 60.61,
        "rotation_down": 52.86,
        "downward_expansion": 83.0
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 112.3,
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    "distance_from_trend": -0.983404,
    "trend_direction": "Weakening",
    "fair_value": 8199.377647,
    "distance_from_fair_value": -0.986304,
    "fair_value_direction": "Weakening",
    "relative_strength": -98.784602,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.989181,
    "excess_performance": -1.018081,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.983404,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.340058,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.986304,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -1.222678,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.987846,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.784748,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.989181,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.534339,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 966407,
      "relative_activity": 2.544917,
      "balance": 0.534339,
      "dry_up": 1.610422,
      "accumulation_observations": 1,
      "distribution_observations": 3
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    "risk": {
      "range_context": 9.170149,
      "annualized_volatility": 6.390774,
      "from_high_reference": -0.99087,
      "from_low_reference": 0.086074
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    "levels": {
      "trend_reference": 6766.732142,
      "fair_value_reference": 8199.377647,
      "structural_low": 103.4,
      "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": 21,
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        "positive_rate": 0.52381,
        "directional_follow_through": 0.47619,
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        "worst_return": -0.987877,
        "sufficient": true
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      {
        "horizon": "Intermediate",
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        "worst_return": -0.987357,
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        "horizon": "Extended",
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 350596.75,
        "trend": 7526.661953,
        "fair_value": 8298.951129,
        "relative_strength": -98.802876,
        "stage": 4,
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        "modifier": "Early contraction",
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        "energy": 67.501869,
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      },
      {
        "date": "2026-07-31",
        "close": 119.0,
        "volume": 453805,
        "typical_volume": 353718.2,
        "trend": 7158.641641,
        "fair_value": 8249.918155,
        "relative_strength": -98.740901,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.524954,
        "energy": 66.934586,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 112.3,
        "volume": 966407,
        "typical_volume": 379740.1,
        "trend": 6766.732142,
        "fair_value": 8199.377647,
        "relative_strength": -98.784602,
        "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."
    }
  }
}