{ "ticker": { "uuid": "cbffe44c-af72-4216-a67f-75b0a85ea1fb", "symbol": "KSM-F203", "name": "KSM Mutual Funds LTD - KSM ETF (60) Short TA-RealEstate IL (1676)", "exchange": "TLV", "country": "IL", "assetType": "etf" }, "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": -66.708, "architecture_energy": 67.051, "architecture_maturity": 85.902, "architecture_confidence": 89.217, "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": 7.71, "rotation_up": 29.68, "upward_expansion": 12.0, "deceleration": 60.6, "rotation_down": 55.96, "downward_expansion": 85.33 }, "activity_lines": [ 684.206667, 698.623636, 16588.572857, 25919.798495 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 688.0, "trend_reference": 36021.153333, "distance_from_trend": -0.9809, "trend_direction": "Weakening", "fair_value": 34591.632051, "distance_from_fair_value": -0.980111, "fair_value_direction": "Weakening", "relative_strength": -98.42119, "relative_strength_direction": "Weakening", "price_momentum": -0.985699, "excess_performance": -1.0146, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.9809, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.293883, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.980111, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -1.783884, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.984212, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -1.081033, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.985699, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.633308, "read": "Demand-led" } ], "volume": { "latest": 9917, "relative_activity": 1.385394, "balance": 2.633308, "dry_up": 1.534663, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 8.797786, "annualized_volatility": 6.341756, "from_high_reference": -0.990043, "from_low_reference": 0.124918 }, "levels": { "trend_reference": 36021.153333, "fair_value_reference": 34591.632051, 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7811.976364, 26124.622381, 33354.650968 ] }, { "date": "2026-07-24", "close": 699.4, "volume": 22195, "typical_volume": 6616.4, "trend": 39103.52, "fair_value": 34870.805128, "relative_strength": -98.498793, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.46177, "energy": 68.538506, "activity_lines": [ 698.446667, 4282.845455, 22720.011905, 30780.491398 ] }, { "date": "2026-07-31", "close": 671.0, "volume": 6682, "typical_volume": 6768.15, "trend": 37596.22, "fair_value": 34730.811538, "relative_strength": -98.489781, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.275702, "energy": 67.963245, "activity_lines": [ 686.36, 1912.561818, 19539.842381, 28300.973978 ] }, { "date": "2026-08-07", "close": 688.0, "volume": 9917, "typical_volume": 7158.25, "trend": 36021.153333, "fair_value": 34591.632051, "relative_strength": -98.42119, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.707845, "energy": 67.051431, "activity_lines": [ 684.206667, 698.623636, 16588.572857, 25919.798495 ] } ], "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." } } }