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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^OMX", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "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": 86.632, "architecture_energy": 94.458, "architecture_maturity": 44.0, "architecture_confidence": 78.575, "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": 0.0, "rotation_up": 87.86, "upward_expansion": 99.91, "deceleration": 39.02, "rotation_down": 8.38, "downward_expansion": 21.91 }, "activity_lines": [ 112.133334, 105.841819, 97.788756, 92.349862 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 117.400002, "trend_reference": 86.673059, "distance_from_trend": 0.354516, "trend_direction": "Improving", "fair_value": 72.604021, "distance_from_fair_value": 0.61699, "fair_value_direction": "Improving", "relative_strength": 28.310356, "relative_strength_direction": "Improving", "price_momentum": 0.469198, "excess_performance": 0.407703, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.354516, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.092444, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.61699, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.386529, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.283104, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.283014, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.469198, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.801452, "read": "Demand-led" } ], "volume": { "latest": 1453397, "relative_activity": 0.883037, "balance": 1.801452, "dry_up": 0.99101, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.057823, "annualized_volatility": 0.36096, "from_high_reference": -0.037705, "from_low_reference": 0.786891 }, "levels": { "trend_reference": 86.673059, "fair_value_reference": 72.604021, "structural_low": 67.882639, 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93.033638, 87.95077, 85.15614 ] }, { "date": "2026-07-17", "close": 104.5, "volume": 1841001, "typical_volume": 1678294.55, "trend": 83.361499, "fair_value": 71.187212, "relative_strength": 22.471068, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.608904, "energy": 79.808627, "activity_lines": [ 98.563334, 95.546365, 89.936451, 86.577598 ] }, { "date": "2026-07-24", "close": 112.5, "volume": 1939207, "typical_volume": 1668973.6, "trend": 84.502866, "fair_value": 71.644879, "relative_strength": 28.91746, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.418488, "energy": 94.034023, "activity_lines": [ 103.806667, 99.135455, 92.567854, 88.457501 ] }, { "date": "2026-07-31", "close": 113.0, "volume": 1290840, "typical_volume": 1651854.75, "trend": 85.565541, "fair_value": 72.111431, "relative_strength": 26.836433, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.722015, "energy": 93.021426, "activity_lines": [ 108.01, 102.332728, 95.066737, 90.296026 ] }, { "date": "2026-08-07", "close": 117.400002, "volume": 1453397, "typical_volume": 1645907.2, "trend": 86.673059, "fair_value": 72.604021, "relative_strength": 28.310356, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.632294, "energy": 94.457585, "activity_lines": [ 112.133334, 105.841819, 97.788756, 92.349862 ] } ], "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." } } }