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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^SSMI", "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": "Established expansion", "architecture_gate": "up", "architecture_direction": 86.265, "architecture_energy": 65.558, "architecture_maturity": 74.01, "architecture_confidence": 78.894, "architecture_tenure": "Established", "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": 19.51, "rotation_up": 55.93, "upward_expansion": 84.46, "deceleration": 67.58, "rotation_down": 28.89, "downward_expansion": 11.13 }, "activity_lines": [ 115.038666, 114.49709, 113.133428, 110.570967 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 117.839996, "trend_reference": 107.656999, "distance_from_trend": 0.094587, "trend_direction": "Improving", "fair_value": 88.91891, "distance_from_fair_value": 0.325252, "fair_value_direction": "Improving", "relative_strength": 1.728066, "relative_strength_direction": "Weakening", "price_momentum": 0.14742, "excess_performance": 0.064536, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.094587, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.038629, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.325252, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.012853, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.017281, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.06663, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.14742, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.300804, "read": "Demand-led" } ], "volume": { "latest": 26167, "relative_activity": 0.446446, "balance": 3.300804, "dry_up": 0.327208, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.018578, "annualized_volatility": 0.136659, "from_high_reference": -0.004393, "from_low_reference": 0.24029 }, "levels": { "trend_reference": 107.656999, "fair_value_reference": 88.91891, "structural_low": 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"2026-07-24", "close": 112.940002, "volume": 18384, "typical_volume": 59989.75, "trend": 106.843666, "fair_value": 88.284487, "relative_strength": -1.030251, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.035048, "energy": 56.127494, "activity_lines": [ 113.630667, 113.732, 111.831809, 109.422451 ] }, { "date": "2026-07-31", "close": 114.0, "volume": 16646, "typical_volume": 58866.85, "trend": 107.194332, "fair_value": 88.586859, "relative_strength": -0.200956, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.742111, "energy": 50.215711, "activity_lines": [ 113.752, 113.775273, 112.335666, 109.88415 ] }, { "date": "2026-08-07", "close": 117.839996, "volume": 26167, "typical_volume": 58611.85, "trend": 107.656999, "fair_value": 88.91891, "relative_strength": 1.728066, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.26511, "energy": 65.558091, "activity_lines": [ 115.038666, 114.49709, 113.133428, 110.570967 ] } ], "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." } } }