{
  "ticker": {
    "uuid": "e0d48a01-32cb-483f-98dd-f9b4823579f7",
    "symbol": "4004",
    "name": "Dallah Healthcare Company",
    "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": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -72.573,
    "architecture_energy": 70.799,
    "architecture_maturity": 28.766,
    "architecture_confidence": 89.77,
    "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": 14.13,
        "rotation_up": 13.53,
        "upward_expansion": 15.19,
        "deceleration": 37.92,
        "rotation_down": 73.69,
        "downward_expansion": 93.19
      },
      "activity_lines": [
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        110.160974,
        112.253367
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 101.900002,
    "trend_reference": 114.438938,
    "distance_from_trend": -0.109569,
    "trend_direction": "Weakening",
    "fair_value": 139.449235,
    "distance_from_fair_value": -0.269268,
    "fair_value_direction": "Weakening",
    "relative_strength": -15.711128,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.119125,
    "excess_performance": -0.087295,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.109569,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.060316,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.269268,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.0932,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.157111,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.095156,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.119125,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.376406,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1448565,
      "relative_activity": 2.74268,
      "balance": 0.376406,
      "dry_up": 1.272203,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.064061,
      "annualized_volatility": 0.364445,
      "from_high_reference": -0.344217,
      "from_low_reference": 0.142202
    },
    "levels": {
      "trend_reference": 114.438938,
      "fair_value_reference": 139.449235,
      "structural_low": 89.213666,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 19,
        "median_return": -0.003922,
        "positive_rate": 0.473684,
        "directional_follow_through": 0.526316,
        "median_excess_return": 0.015081,
        "regime_survival": 0.736842,
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        "worst_return": -0.195968,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
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        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.037497,
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        "worst_return": -0.019608,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.063098,
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        "directional_follow_through": 0.6,
        "median_excess_return": -0.073751,
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        "worst_return": -0.233807,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "worst_return": -0.059945,
        "sufficient": false
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        "end": "2024-08-30",
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        "regime": "balance",
        "label": "Balance",
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      },
      {
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      {
        "regime": "rotation_up",
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        "regime": "deceleration",
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        "regime": "upward_expansion",
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      {
        "date": "2026-05-08",
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      },
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 500272.2,
        "trend": 116.496042,
        "fair_value": 140.64254,
        "relative_strength": -12.134816,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.929257,
        "energy": 43.293177,
        "activity_lines": [
          109.233333,
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      },
      {
        "date": "2026-07-24",
        "close": 104.099998,
        "volume": 339366,
        "typical_volume": 466773.55,
        "trend": 115.703611,
        "fair_value": 140.301957,
        "relative_strength": -14.352443,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.290761,
        "energy": 63.586216,
        "activity_lines": [
          106.966666,
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      },
      {
        "date": "2026-07-31",
        "close": 105.199997,
        "volume": 602425,
        "typical_volume": 463416.85,
        "trend": 115.073407,
        "fair_value": 139.900904,
        "relative_strength": -11.361836,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.574157,
        "energy": 65.126062,
        "activity_lines": [
          105.926665,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 101.900002,
        "volume": 1448565,
        "typical_volume": 528156.7,
        "trend": 114.438938,
        "fair_value": 139.449235,
        "relative_strength": -15.711128,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.572886,
        "energy": 70.799473,
        "activity_lines": [
          104.239999,
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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."
    }
  }
}