{
  "ticker": {
    "uuid": "e59bf3db-3e16-46f5-81bd-788510c6bf10",
    "symbol": "1302",
    "name": "Bawan 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": -73.527,
    "architecture_energy": 88.542,
    "architecture_maturity": 78.214,
    "architecture_confidence": 84.862,
    "architecture_tenure": "Extended",
    "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": 0.17,
        "rotation_up": 8.88,
        "upward_expansion": 21.67,
        "deceleration": 37.13,
        "rotation_down": 83.54,
        "downward_expansion": 99.67
      },
      "activity_lines": [
        35.711999,
        37.48,
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        41.174452
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 35.299999,
    "trend_reference": 42.927334,
    "distance_from_trend": -0.17768,
    "trend_direction": "Weakening",
    "fair_value": 46.193077,
    "distance_from_fair_value": -0.235816,
    "fair_value_direction": "Weakening",
    "relative_strength": -24.945069,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.235931,
    "excess_performance": -0.204101,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.17768,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.080811,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.235816,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.217816,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.249451,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.130134,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.235931,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.471769,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 987372,
      "relative_activity": 0.751161,
      "balance": 0.471769,
      "dry_up": 0.725972,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.064023,
      "annualized_volatility": 0.321348,
      "from_high_reference": -0.429264,
      "from_low_reference": 0.042528
    },
    "levels": {
      "trend_reference": 42.927334,
      "fair_value_reference": 46.193077,
      "structural_low": 33.860001,
      "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": 22,
        "median_return": 0.020042,
        "positive_rate": 0.636364,
        "directional_follow_through": 0.363636,
        "median_excess_return": 0.001841,
        "regime_survival": 0.727273,
        "best_return": 0.184543,
        "worst_return": -0.098783,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
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        "positive_rate": 0.444444,
        "directional_follow_through": 0.555556,
        "median_excess_return": -0.031011,
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        "best_return": 0.333284,
        "worst_return": -0.145234,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.064075,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.05085,
        "regime_survival": 0.333333,
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        "worst_return": -0.225882,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
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        "regime_survival": 0.0,
        "best_return": 0.604969,
        "worst_return": -0.148661,
        "sufficient": false
      }
    ],
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        "regime": "balance",
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "Developing",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2025-05-02",
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      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-07-04",
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        "active": false
      },
      {
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      {
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        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
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      {
        "regime": "upward_expansion",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 1280710.1,
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      },
      {
        "date": "2026-07-31",
        "close": 34.099998,
        "volume": 829611,
        "typical_volume": 1279014.35,
        "trend": 43.346667,
        "fair_value": 46.191831,
        "relative_strength": -26.457107,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -89.081312,
        "energy": 94.493591,
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          36.354666,
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      },
      {
        "date": "2026-08-07",
        "close": 35.299999,
        "volume": 987372,
        "typical_volume": 1314461.2,
        "trend": 42.927334,
        "fair_value": 46.193077,
        "relative_strength": -24.945069,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.527446,
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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."
    }
  }
}