{
  "ticker": {
    "uuid": "c1db890f-31b1-40bb-bf72-98b389384926",
    "symbol": "4150",
    "name": "Arriyadh Development Co.",
    "exchange": "SAU",
    "country": "SA",
    "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": "^TASI.SR",
    "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": -84.524,
    "architecture_energy": 83.327,
    "architecture_maturity": 15.603,
    "architecture_confidence": 78.147,
    "architecture_tenure": "New",
    "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": 36.36,
        "rotation_up": 11.25,
        "upward_expansion": 20.01,
        "deceleration": 34.22,
        "rotation_down": 76.51,
        "downward_expansion": 88.68
      },
      "activity_lines": [
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        17.963603
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 15.78,
    "trend_reference": 18.457066,
    "distance_from_trend": -0.145043,
    "trend_direction": "Weakening",
    "fair_value": 24.464325,
    "distance_from_fair_value": -0.354979,
    "fair_value_direction": "Weakening",
    "relative_strength": -28.390192,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.203686,
    "excess_performance": -0.171856,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.145043,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.110206,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.354979,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.087543,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.283902,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.021348,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.203686,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.652817,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 3261179,
      "relative_activity": 2.400152,
      "balance": 0.652817,
      "dry_up": 1.584685,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.050538,
      "annualized_volatility": 0.215461,
      "from_high_reference": -0.532043,
      "from_low_reference": 0.005096
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    "levels": {
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      "fair_value_reference": 24.464325,
      "structural_low": 15.7,
      "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,
        "median_return": -0.043478,
        "positive_rate": 0.238095,
        "directional_follow_through": 0.761905,
        "median_excess_return": -0.017109,
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        "worst_return": -0.13228,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "worst_return": -0.296078,
        "sufficient": true
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        "horizon": "Extended",
        "sample_count": 4,
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        "horizon": "Full cycle",
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      {
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      },
      {
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      {
        "regime": "rotation_down",
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        "active": false
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      {
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        "date": "2026-04-17",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 1219544.05,
        "trend": 18.985853,
        "fair_value": 24.505358,
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        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "direction": -22.327173,
        "energy": 13.792144,
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          18.261333,
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          18.217507,
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      },
      {
        "date": "2026-07-24",
        "close": 17.799999,
        "volume": 769348,
        "typical_volume": 1208893.9,
        "trend": 18.845323,
        "fair_value": 24.49799,
        "relative_strength": -20.974605,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "direction": -54.139043,
        "energy": 23.803325,
        "activity_lines": [
          18.139333,
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      },
      {
        "date": "2026-07-31",
        "close": 16.18,
        "volume": 2107289,
        "typical_volume": 1238117.3,
        "trend": 18.628434,
        "fair_value": 24.482976,
        "relative_strength": -25.810199,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.183502,
        "energy": 59.968248,
        "activity_lines": [
          17.49,
          17.800909,
          17.988976,
          18.147373
        ]
      },
      {
        "date": "2026-08-07",
        "close": 15.78,
        "volume": 3261179,
        "typical_volume": 1358738.3,
        "trend": 18.457066,
        "fair_value": 24.464325,
        "relative_strength": -28.390192,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -84.524007,
        "energy": 83.326653,
        "activity_lines": [
          16.815333,
          17.394363,
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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."
    }
  }
}