{
  "ticker": {
    "uuid": "c0442f2f-56d0-45d3-ad27-a7bb9b8c5aef",
    "symbol": "MTRX",
    "name": "Matrix IT 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": -53.886,
    "architecture_energy": 62.933,
    "architecture_maturity": 100.0,
    "architecture_confidence": 59.617,
    "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": 21.97,
        "rotation_up": 27.96,
        "upward_expansion": 22.5,
        "deceleration": 66.86,
        "rotation_down": 46.9,
        "downward_expansion": 67.83
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
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    "latest_close": 88.0,
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    "distance_from_trend": -0.98707,
    "trend_direction": "Weakening",
    "fair_value": 8566.673634,
    "distance_from_fair_value": -0.989728,
    "fair_value_direction": "Weakening",
    "relative_strength": -99.178316,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.992393,
    "excess_performance": -1.021294,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.98707,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.404712,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.989728,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -1.045018,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.991783,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.603641,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.992393,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.025625,
        "read": "Demand-led"
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    ],
    "volume": {
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      "relative_activity": 2.046291,
      "balance": 1.025625,
      "dry_up": 1.291332,
      "accumulation_observations": 2,
      "distribution_observations": 3
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    "risk": {
      "range_context": 10.37056,
      "annualized_volatility": 6.386667,
      "from_high_reference": -0.994225,
      "from_low_reference": 0.216142
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    "levels": {
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      "fair_value_reference": 8566.673634,
      "structural_low": 72.36,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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        "horizon": "Extended",
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      {
        "date": "2026-08-07",
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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."
    }
  }
}