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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 94.657, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 86.147, "architecture_energy": 69.22, "architecture_maturity": 96.874, "architecture_confidence": 73.09, "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": 10.3, "rotation_up": 58.1, "upward_expansion": 85.33, "deceleration": 68.33, "rotation_down": 28.5, "downward_expansion": 12.0 }, "activity_lines": [ 424.842005, 422.885819, 416.487763, 407.857033 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 433.290009, "trend_reference": 397.765334, "distance_from_trend": 0.089311, "trend_direction": "Improving", "fair_value": 336.651798, "distance_from_fair_value": 0.287057, "fair_value_direction": "Improving", "relative_strength": -3.226076, "relative_strength_direction": "Weakening", "price_momentum": 0.143034, "excess_performance": -0.027857, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.089311, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.04164, "read": "Rising" 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"typical_volume": 6716.0, "trend": 394.692667, "fair_value": 334.527871, "relative_strength": -2.454008, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.907379, "energy": 65.223124, "activity_lines": [ 422.018665, 420.333817, 412.066524, 403.916194 ] }, { "date": "2026-07-31", "close": 418.630005, "volume": 6029, "typical_volume": 6780.45, "trend": 396.144334, "fair_value": 335.537408, "relative_strength": -3.804172, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.516979, "energy": 60.489892, "activity_lines": [ 421.046668, 420.321818, 413.679, 405.460538 ] }, { "date": "2026-08-07", "close": 433.290009, "volume": 4010, "typical_volume": 6481.2, "trend": 397.765334, "fair_value": 336.651798, "relative_strength": -3.226076, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.147153, "energy": 69.219604, "activity_lines": [ 424.842005, 422.885819, 416.487763, 407.857033 ] } ], "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." } } }