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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^ATX", "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": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 61.54, "architecture_energy": 49.82, "architecture_maturity": 26.482, "architecture_confidence": 74.148, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 17.96, "rotation_up": 61.86, "upward_expansion": 80.17, "deceleration": 58.72, "rotation_down": 17.09, "downward_expansion": 6.83 }, "activity_lines": [ 112.679999, 111.571904, 107.34005, 105.228908 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 110.599998, "trend_reference": 102.446058, "distance_from_trend": 0.079593, "trend_direction": "Improving", "fair_value": 91.493855, "distance_from_fair_value": 0.208824, "fair_value_direction": "Improving", "relative_strength": -0.556983, "relative_strength_direction": "Improving", "price_momentum": 0.078821, "excess_performance": -0.095426, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.079593, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.088235, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.208824, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.160648, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.00557, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.003722, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.078821, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.985941, "read": "Supply-led" } ], "volume": { "latest": 1540, "relative_activity": 1.49769, "balance": 0.985941, "dry_up": 1.288354, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.053782, "annualized_volatility": 0.309235, "from_high_reference": -0.066036, "from_low_reference": 0.689491 }, "levels": { "trend_reference": 102.446058, "fair_value_reference": 91.493855, "structural_low": 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"activity_lines": [ 111.585334, 108.578635, 104.530155, 102.903955 ] }, { "date": "2026-07-24", "close": 115.199997, "volume": 1314, "typical_volume": 916.5, "trend": 101.108061, "fair_value": 91.183001, "relative_strength": 7.37447, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.832214, "energy": 76.266529, "activity_lines": [ 113.309333, 110.261279, 105.746767, 103.871086 ] }, { "date": "2026-07-31", "close": 113.459999, "volume": 987, "typical_volume": 964.0, "trend": 101.905698, "fair_value": 91.35488, "relative_strength": 5.385094, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.169377, "energy": 57.364893, "activity_lines": [ 113.441332, 111.263228, 106.714147, 104.667985 ] }, { "date": "2026-08-07", "close": 110.599998, "volume": 1540, "typical_volume": 1028.25, "trend": 102.446058, "fair_value": 91.493855, "relative_strength": -0.556983, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.539826, "energy": 49.819958, "activity_lines": [ 112.679999, 111.571904, 107.34005, 105.228908 ] } ], "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." } } }