{
  "ticker": {
    "uuid": "e8ba4231-5008-42f7-8bc8-168dbfd8a3b1",
    "symbol": "6070",
    "name": "Al-Jouf Agricultural Development Co.",
    "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": 82.9,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -61.767,
    "architecture_energy": 55.788,
    "architecture_maturity": 23.627,
    "architecture_confidence": 93.293,
    "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": 15.16,
        "rotation_up": 23.21,
        "upward_expansion": 10.13,
        "deceleration": 46.38,
        "rotation_down": 55.65,
        "downward_expansion": 83.46
      },
      "activity_lines": [
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        43.286953,
        44.858392
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 41.740002,
    "trend_reference": 46.495707,
    "distance_from_trend": -0.102283,
    "trend_direction": "Weakening",
    "fair_value": 49.647294,
    "distance_from_fair_value": -0.159269,
    "fair_value_direction": "Weakening",
    "relative_strength": -6.729306,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.164545,
    "excess_performance": -0.132715,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.102283,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.002744,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.159269,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.046767,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.067293,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.046333,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.164545,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.444391,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 486312,
      "relative_activity": 1.426329,
      "balance": 0.444391,
      "dry_up": 1.047132,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.049574,
      "annualized_volatility": 0.163109,
      "from_high_reference": -0.225603,
      "from_low_reference": 0.040379
    },
    "levels": {
      "trend_reference": 46.495707,
      "fair_value_reference": 49.647294,
      "structural_low": 40.119999,
      "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": 30,
        "median_return": -0.024098,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.022519,
        "regime_survival": 0.866667,
        "best_return": 0.126915,
        "worst_return": -0.152672,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.078589,
        "positive_rate": 0.3,
        "directional_follow_through": 0.7,
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        "regime_survival": 0.7,
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        "worst_return": -0.248439,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.08752,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.022172,
        "regime_survival": 0.5,
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        "worst_return": -0.324594,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "positive_rate": 0.5,
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        "median_excess_return": 0.005392,
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        "worst_return": -0.454073,
        "sufficient": false
      }
    ],
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        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "tenure": "Extended",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "New",
        "return": 0.049239,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-11-07",
        "tenure": "Developing",
        "return": -0.050619,
        "active": false
      },
      {
        "regime": "balance",
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        "active": false
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        "regime": "rotation_down",
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        "active": false
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        "regime": "balance",
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        "regime": "deceleration",
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      },
      {
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      },
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      },
      {
        "date": "2026-06-05",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 49.912585,
        "relative_strength": -1.600489,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 344163.8,
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        "fair_value": 49.860716,
        "relative_strength": -4.816679,
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        "direction": -64.894452,
        "energy": 48.97045,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 41.720001,
        "volume": 239088,
        "typical_volume": 330752.45,
        "trend": 46.651759,
        "fair_value": 49.800203,
        "relative_strength": -5.818094,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.009308,
        "energy": 50.947646,
        "activity_lines": [
          42.604,
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          45.830738
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      },
      {
        "date": "2026-07-24",
        "close": 41.540001,
        "volume": 226365,
        "typical_volume": 314745.4,
        "trend": 46.596866,
        "fair_value": 49.73975,
        "relative_strength": -6.865129,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.547171,
        "energy": 52.719837,
        "activity_lines": [
          42.189334,
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          44.094248,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 41.419998,
        "volume": 476329,
        "typical_volume": 322769.45,
        "trend": 46.522744,
        "fair_value": 49.692496,
        "relative_strength": -5.312242,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.1381,
        "energy": 53.052471,
        "activity_lines": [
          41.828,
          42.265091,
          43.651953,
          45.166956
        ]
      },
      {
        "date": "2026-08-07",
        "close": 41.740002,
        "volume": 486312,
        "typical_volume": 340953.7,
        "trend": 46.495707,
        "fair_value": 49.647294,
        "relative_strength": -6.729306,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.767085,
        "energy": 55.788317,
        "activity_lines": [
          41.662667,
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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."
    }
  }
}