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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^KS11", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 91.867, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 88.147, "architecture_energy": 93.443, "architecture_maturity": 100.0, "architecture_confidence": 60.991, "architecture_tenure": "Extended", "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": 23.92, "rotation_up": 86.95, "upward_expansion": 99.43, "deceleration": 39.25, "rotation_down": 9.19, "downward_expansion": 21.43 }, "activity_lines": [ 114654.265625, 114567.5375, 114490.352307, 114407.693078 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 114745.0, "trend_reference": 114268.275521, "distance_from_trend": 0.004172, "trend_direction": "Improving", "fair_value": 110700.373147, "distance_from_fair_value": 0.036537, "fair_value_direction": "Weakening", "relative_strength": -20.810178, "relative_strength_direction": "Improving", "price_momentum": 0.007769, "excess_performance": -0.22206, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.004172, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.003254, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.036537, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.004176, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.208102, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.263181, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.007769, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 6.219348, "read": "Demand-led" } ], "volume": { "latest": 12140, "relative_activity": 0.511662, "balance": 6.219348, "dry_up": 0.859816, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.000874, "annualized_volatility": 0.004718, "from_high_reference": -0.001045, "from_low_reference": 0.019909 }, "levels": { "trend_reference": 114268.275521, "fair_value_reference": 110700.373147, 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"volume": 16117, "typical_volume": 24296.3, "trend": 114232.973438, "fair_value": 110640.738432, "relative_strength": -25.926712, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.040419, "energy": 93.742705, "activity_lines": [ 114588.805208, 114521.35625, 114456.926191, 114374.659106 ] }, { "date": "2026-08-07", "close": 114745.0, "volume": 12140, "typical_volume": 23726.6, "trend": 114268.275521, "fair_value": 110700.373147, "relative_strength": -20.810178, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.146937, "energy": 93.442973, "activity_lines": [ 114654.265625, 114567.5375, 114490.352307, 114407.693078 ] } ], "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." } } }