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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": "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": 67.949, "architecture_energy": 74.632, "architecture_maturity": 31.691, "architecture_confidence": 91.459, "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": 3.85, "rotation_up": 68.04, "upward_expansion": 92.73, "deceleration": 44.31, "rotation_down": 17.7, "downward_expansion": 17.06 }, "activity_lines": [ 150.019999, 147.779512, 143.001345, 138.763432 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 150.600006, "trend_reference": 134.327971, "distance_from_trend": 0.121137, "trend_direction": "Improving", "fair_value": 119.392799, "distance_from_fair_value": 0.261383, "fair_value_direction": "Improving", "relative_strength": 4.914589, "relative_strength_direction": "Improving", "price_momentum": 0.145015, "excess_performance": 0.08352, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.121137, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.055429, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.261383, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.089082, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.049146, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.044506, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.145015, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.857836, "read": "Demand-led" } ], "volume": { "latest": 297314, "relative_activity": 0.884445, "balance": 1.857836, "dry_up": 0.928735, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.039977, "annualized_volatility": 0.273032, "from_high_reference": -0.033996, "from_low_reference": 0.378919 }, "levels": { "trend_reference": 134.327971, "fair_value_reference": 119.392799, "structural_low": 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"date": "2026-07-17", "close": 144.300003, "volume": 277756, "typical_volume": 391030.05, "trend": 132.2023, "fair_value": 118.327988, "relative_strength": 6.216145, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.370216, "energy": 47.729972, "activity_lines": [ 143.83402, 143.388281, 138.132047, 135.146079 ] }, { "date": "2026-07-24", "close": 150.399994, "volume": 363949, "typical_volume": 363880.85, "trend": 132.91348, "fair_value": 118.679629, "relative_strength": 8.719258, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.585538, "energy": 55.58096, "activity_lines": [ 146.020066, 144.927889, 139.773739, 136.320124 ] }, { "date": "2026-07-31", "close": 153.899994, "volume": 309791, "typical_volume": 347335.5, "trend": 133.715253, "fair_value": 119.043195, "relative_strength": 9.46453, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.019755, "energy": 62.625957, "activity_lines": [ 148.899996, 146.803972, 141.617953, 137.674093 ] }, { "date": "2026-08-07", "close": 150.600006, "volume": 297314, "typical_volume": 336158.9, "trend": 134.327971, "fair_value": 119.392799, "relative_strength": 4.914589, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.949472, "energy": 74.632316, "activity_lines": [ 150.019999, 147.779512, 143.001345, 138.763432 ] } ], "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." } } }