{ "ticker": { "uuid": "e13cb825-53cb-4d07-9aef-d9354594de53", "symbol": "TCH-F157", "name": "Meitav Tachlit Mutual Funds Limited - ETF Stock Market Fund", "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": "Established contraction", "architecture_gate": "down", "architecture_direction": -53.419, "architecture_energy": 61.801, "architecture_maturity": 100.0, "architecture_confidence": 56.773, "architecture_tenure": "Established", "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": 22.68, "rotation_up": 28.0, "upward_expansion": 22.5, "deceleration": 66.94, "rotation_down": 45.97, "downward_expansion": 67.83 }, "activity_lines": [ 2.4864, 2.461782, 32.268619, 77.327269 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 2.554, "trend_reference": 131.077567, "distance_from_trend": -0.980515, "trend_direction": "Weakening", "fair_value": 414.120685, "distance_from_fair_value": -0.993833, "fair_value_direction": "Weakening", "relative_strength": -98.854199, "relative_strength_direction": "Weakening", "price_momentum": -0.988881, "excess_performance": -1.017781, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.980515, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.381303, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.993833, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.447756, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.988542, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.53002, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.988881, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.800238, "read": "Demand-led" } ], "volume": { "latest": 1486542, "relative_activity": 0.994885, "balance": 1.800238, "dry_up": 0.654084, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 6.304921, "annualized_volatility": 6.282477, "from_high_reference": -0.993225, "from_low_reference": 0.20928 }, "levels": { "trend_reference": 131.077567, "fair_value_reference": 414.120685, "structural_low": 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"Established contraction", "gate": "down", "direction": -54.065947, "energy": 63.3668, "activity_lines": [ 2.449467, 2.399618, 61.780757, 105.154062 ] }, { "date": "2026-07-24", "close": 2.42, "volume": 348219, "typical_volume": 1905794.45, "trend": 146.1396, "fair_value": 421.365307, "relative_strength": -99.015787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.841826, "energy": 62.823089, "activity_lines": [ 2.437333, 2.411109, 50.892814, 95.357572 ] }, { "date": "2026-07-31", "close": 2.485, "volume": 1529288, "typical_volume": 1624870.0, "trend": 138.3691, "fair_value": 417.69598, "relative_strength": -98.926775, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.622027, "energy": 62.290923, "activity_lines": [ 2.448933, 2.431891, 41.018586, 86.089533 ] }, { "date": "2026-08-07", "close": 2.554, "volume": 1486542, "typical_volume": 1494185.15, "trend": 131.077567, "fair_value": 414.120685, "relative_strength": -98.854199, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.418692, "energy": 61.801101, "activity_lines": [ 2.4864, 2.461782, 32.268619, 77.327269 ] } ], "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." } } }