{
  "ticker": {
    "uuid": "d9b08bdb-6b02-4a96-8f4a-4e8c63ea4439",
    "symbol": "FBRT",
    "name": "FMS Enterprises Migun 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": -69.684,
    "architecture_energy": 68.532,
    "architecture_maturity": 91.125,
    "architecture_confidence": 90.8,
    "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": 1.04,
        "rotation_up": 29.95,
        "upward_expansion": 12.0,
        "deceleration": 60.67,
        "rotation_down": 62.09,
        "downward_expansion": 90.0
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -1.0
    },
    "latest_close": 185.2,
    "trend_reference": 17074.835,
    "distance_from_trend": -0.989154,
    "trend_direction": "Weakening",
    "fair_value": 15432.963487,
    "distance_from_fair_value": -0.988,
    "fair_value_direction": "Weakening",
    "relative_strength": -99.08155,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.992585,
    "excess_performance": -1.021486,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.989154,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.290518,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.988,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -1.455301,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.990815,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.876778,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.992585,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.475551,
        "read": "Demand-led"
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    ],
    "volume": {
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      "balance": 1.475551,
      "dry_up": 0.489872,
      "accumulation_observations": 2,
      "distribution_observations": 0
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    "risk": {
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      "annualized_volatility": 6.360296,
      "from_high_reference": -0.993764,
      "from_low_reference": 0.021511
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    "levels": {
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      "fair_value_reference": 15432.963487,
      "structural_low": 181.3,
      "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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        "directional_follow_through": 0.583333,
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 65617.6,
        "trend": 17921.92013,
        "fair_value": 15508.717131,
        "relative_strength": -99.05479,
        "stage": 4,
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      },
      {
        "date": "2026-08-07",
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        "typical_volume": 61598.2,
        "trend": 17074.835,
        "fair_value": 15432.963487,
        "relative_strength": -99.08155,
        "stage": 4,
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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."
    }
  }
}