{ "ticker": { "uuid": "d8a68aec-00df-41c3-9496-6bf6b27ec984", "symbol": "9563", "name": "BENA Steel Industries", "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": -62.845, "architecture_energy": 59.11, "architecture_maturity": 54.533, "architecture_confidence": 90.144, "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": 15.92, "rotation_up": 21.86, "upward_expansion": 10.64, "deceleration": 60.97, "rotation_down": 56.72, "downward_expansion": 81.64 }, "activity_lines": [ 33.326667, 33.731273, 36.034858, 37.327356 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 33.380001, "trend_reference": 38.665334, "distance_from_trend": -0.136694, "trend_direction": "Weakening", "fair_value": 36.396665, "distance_from_fair_value": -0.082883, "fair_value_direction": "Weakening", "relative_strength": -11.225611, "relative_strength_direction": "Weakening", "price_momentum": -0.1655, "excess_performance": -0.133671, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.136694, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.020072, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.082883, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.210196, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.112256, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.158293, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.1655, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.509155, "read": "Supply-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 0.509155, "dry_up": 0.565889, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.061437, "annualized_volatility": 0.229915, "from_high_reference": -0.212736, "from_low_reference": 0.112667 }, "levels": { "trend_reference": 38.665334, "fair_value_reference": 36.396665, "structural_low": 30.0, 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"modifier": "Early contraction", "gate": "down", "direction": -73.237313, "energy": 89.540625, "activity_lines": [ 34.077334, 36.124728, 38.123144, 38.874969 ] }, { "date": "2026-07-17", "close": 32.779999, "volume": 705, "typical_volume": 891.45, "trend": 39.307334, "fair_value": 36.425362, "relative_strength": -12.704942, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.347497, "energy": 72.117406, "activity_lines": [ 33.508, 35.231273, 37.502001, 38.446926 ] }, { "date": "2026-07-24", "close": 33.380001, "volume": 1449, "typical_volume": 951.9, "trend": 39.220001, "fair_value": 36.415796, "relative_strength": -11.433915, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.193138, "energy": 66.018893, "activity_lines": [ 33.346667, 34.594546, 36.977144, 38.064517 ] }, { "date": "2026-07-31", "close": 33.380001, "volume": 0, "typical_volume": 951.85, "trend": 38.966001, "fair_value": 36.406231, "relative_strength": -9.404519, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.087962, "energy": 63.042751, "activity_lines": [ 33.353334, 34.094546, 36.488096, 37.687743 ] }, { "date": "2026-08-07", "close": 33.380001, "volume": 0, "typical_volume": 951.6, "trend": 38.665334, "fair_value": 36.396665, "relative_strength": -11.225611, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.845025, "energy": 59.109751, "activity_lines": [ 33.326667, 33.731273, 36.034858, 37.327356 ] } ], "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." } } }