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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^BVSP", "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": 78.79, "architecture_energy": 68.026, "architecture_maturity": 18.977, "architecture_confidence": 89.223, "architecture_tenure": "New", "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": 14.34, "rotation_up": 72.49, "upward_expansion": 91.01, "deceleration": 42.2, "rotation_down": 15.78, "downward_expansion": 13.01 }, "activity_lines": [ 177.353548, 172.859088, 167.817242, 162.379631 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 185.630005, "trend_reference": 156.357976, "distance_from_trend": 0.187212, "trend_direction": "Improving", "fair_value": 91.221373, "distance_from_fair_value": 1.03494, "fair_value_direction": "Improving", "relative_strength": 34.391123, "relative_strength_direction": "Improving", "price_momentum": 0.174745, "excess_performance": 0.231793, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.187212, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.13047, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.03494, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.210432, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.343911, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.202413, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.174745, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 46.469136, "read": "Demand-led" } ], "volume": { "latest": 5372, "relative_activity": 3.036916, "balance": 46.469136, "dry_up": 1.39126, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.064847, "annualized_volatility": 0.440985, "from_high_reference": -0.086235, "from_low_reference": 1.151833 }, "levels": { "trend_reference": 156.357976, "fair_value_reference": 91.221373, "structural_low": 125.952812, 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"regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.733006, "energy": 28.324901, "activity_lines": [ 166.78358, 167.910998, 161.561536, 157.48363 ] }, { "date": "2026-07-24", "close": 169.876099, "volume": 1127, "typical_volume": 2202.6, "trend": 152.626941, "fair_value": 89.700783, "relative_strength": 24.278307, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.415451, "energy": 35.726327, "activity_lines": [ 168.304664, 168.358394, 163.029163, 158.686177 ] }, { "date": "2026-07-31", "close": 178.61098, "volume": 2940, "typical_volume": 1876.4, "trend": 154.365518, "fair_value": 90.43502, "relative_strength": 26.634548, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.192532, "energy": 54.888478, "activity_lines": [ 172.455635, 170.085293, 165.194455, 160.362567 ] }, { "date": "2026-08-07", "close": 185.630005, "volume": 5372, "typical_volume": 1768.9, "trend": 156.357976, "fair_value": 91.221373, "relative_strength": 34.391123, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.789761, "energy": 68.025761, "activity_lines": [ 177.353548, 172.859088, 167.817242, 162.379631 ] } ], "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." } } }