{ "ticker": { "uuid": "e8e9bd2f-d90d-49ad-97b2-21855c8f8271", "symbol": "9540", "name": "National Environmental Recycling 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 35.267, "architecture_energy": 20.291, "architecture_maturity": 62.998, "architecture_confidence": 94.432, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 41.46, "rotation_up": 21.65, "upward_expansion": 53.56, "deceleration": 93.79, "rotation_down": 27.09, "downward_expansion": 19.56 }, "activity_lines": [ 4.467333, 4.563455, 4.396905, 4.182129 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 4.37, "trend_reference": 3.941, "distance_from_trend": 0.108856, "trend_direction": "Improving", "fair_value": 3.333654, "distance_from_fair_value": 0.310874, "fair_value_direction": "Improving", "relative_strength": 16.876494, "relative_strength_direction": "Improving", "price_momentum": 0.245014, "excess_performance": 0.276844, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.108856, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.113382, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.310874, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.131187, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.168765, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.156367, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.245014, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.377121, "read": "Demand-led" } ], "volume": { "latest": 877588, "relative_activity": 0.707456, "balance": 1.377121, "dry_up": 0.501413, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.104383, "annualized_volatility": 0.410465, "from_high_reference": -0.199634, "from_low_reference": 0.456667 }, "levels": { "trend_reference": 3.941, "fair_value_reference": 3.333654, "structural_low": 3.01, "invalidation": "A sustained loss of Trend, 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"trend": 3.752, "fair_value": 3.256923, "relative_strength": 24.06116, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.428564, "energy": 62.527679, "activity_lines": [ 4.782, 4.559818, 4.160286, 3.970817 ] }, { "date": "2026-07-10", "close": 4.56, "volume": 1071549, "typical_volume": 1197189.45, "trend": 3.793667, "fair_value": 3.274295, "relative_strength": 23.771944, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.116586, "energy": 58.145857, "activity_lines": [ 4.743333, 4.6, 4.22319, 4.022946 ] }, { "date": "2026-07-17", "close": 4.46, "volume": 285414, "typical_volume": 1193336.7, "trend": 3.835667, "fair_value": 3.290064, "relative_strength": 21.660654, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.162184, "energy": 46.953462, "activity_lines": [ 4.637333, 4.604545, 4.272762, 4.065935 ] }, { "date": "2026-07-24", "close": 4.56, "volume": 638522, "typical_volume": 1202567.2, "trend": 3.882, "fair_value": 3.305032, "relative_strength": 23.10973, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.51234, "energy": 30.857966, "activity_lines": [ 4.566667, 4.613273, 4.327476, 4.112667 ] }, { "date": "2026-07-31", "close": 4.5, "volume": 686456, "typical_volume": 1201400.7, "trend": 3.911333, "fair_value": 3.319744, "relative_strength": 23.511183, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.720188, "energy": 25.992324, "activity_lines": [ 4.52, 4.601636, 4.371, 4.152538 ] }, { "date": "2026-08-07", "close": 4.37, "volume": 877588, "typical_volume": 1240484.8, "trend": 3.941, "fair_value": 3.333654, "relative_strength": 16.876494, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.266588, "energy": 20.291463, "activity_lines": [ 4.467333, 4.563455, 4.396905, 4.182129 ] } ], "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." } } }