{
  "ticker": {
    "uuid": "f4478834-4491-4596-b9c8-c99dc8046322",
    "symbol": "MVNE",
    "name": "Mivne Real Estate (K.D) Ltd",
    "exchange": "TLV",
    "country": "IL",
    "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": "2026-09-11",
    "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": -32.625,
    "architecture_energy": 15.912,
    "architecture_maturity": 51.122,
    "architecture_confidence": 68.544,
    "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": 49.86,
        "rotation_up": 28.9,
        "upward_expansion": 19.36,
        "deceleration": 41.94,
        "rotation_down": 30.5,
        "downward_expansion": 58.02
      },
      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 132400.0,
    "trend_reference": 135448.758513,
    "distance_from_trend": -0.022509,
    "trend_direction": "Weakening",
    "fair_value": 111522.641034,
    "distance_from_fair_value": 0.187203,
    "fair_value_direction": "Weakening",
    "relative_strength": -11.089495,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.04126,
    "excess_performance": -0.051759,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.022509,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.041749,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.187203,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.076166,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.110895,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.056476,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.04126,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.071249,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1981765,
      "relative_activity": 0.288131,
      "balance": 1.071249,
      "dry_up": 0.438005,
      "accumulation_observations": 1,
      "distribution_observations": 1
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    "risk": {
      "range_context": 0.059091,
      "annualized_volatility": 0.370744,
      "from_high_reference": -0.182628,
      "from_low_reference": 0.161232
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    "levels": {
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      "structural_low": 119590.4376,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 18,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
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      },
      {
        "horizon": "Intermediate",
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        "sufficient": true
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-09-04",
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      },
      {
        "date": "2026-09-11",
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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."
    }
  }
}