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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": 67.323, "architecture_energy": 88.541, "architecture_maturity": 59.008, "architecture_confidence": 93.586, "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": 6.67, "rotation_up": 56.81, "upward_expansion": 95.33, "deceleration": 44.67, "rotation_down": 30.0, "downward_expansion": 22.0 }, "activity_lines": [ 75.046668, 74.803638, 72.129532, 67.824443 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 74.800003, "trend_reference": 63.654107, "distance_from_trend": 0.175101, "trend_direction": "Improving", "fair_value": 61.516218, "distance_from_fair_value": 0.21594, "fair_value_direction": "Weakening", "relative_strength": 9.953239, "relative_strength_direction": "Weakening", "price_momentum": 0.211369, "excess_performance": 0.149874, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.175101, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.077846, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.21594, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.01429, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.099532, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.063569, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.211369, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.491701, "read": "Demand-led" } ], "volume": { "latest": 3791, "relative_activity": 0.023707, "balance": 1.491701, "dry_up": 0.13402, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.009253, "annualized_volatility": 0.637198, "from_high_reference": -0.019659, "from_low_reference": 0.589921 }, "levels": { "trend_reference": 63.654107, "fair_value_reference": 61.516218, "structural_low": 47.046358, 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}, { "date": "2026-07-17", "close": 75.300003, "volume": 66015, "typical_volume": 190775.25, "trend": 62.511834, "fair_value": 61.108619, "relative_strength": 17.141491, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.226301, "energy": 69.005375, "activity_lines": [ 74.746667, 74.460001, 69.171925, 65.475044 ] }, { "date": "2026-07-24", "close": 74.800003, "volume": 14200, "typical_volume": 188420.55, "trend": 62.904416, "fair_value": 61.255099, "relative_strength": 14.250998, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.629741, "energy": 75.910762, "activity_lines": [ 74.840001, 74.543638, 70.246129, 66.267829 ] }, { "date": "2026-07-31", "close": 75.5, "volume": 1718, "typical_volume": 161722.55, "trend": 63.268059, "fair_value": 61.394562, "relative_strength": 13.413158, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.487307, "energy": 73.003174, "activity_lines": [ 75.100001, 74.747274, 71.278175, 67.080447 ] }, { "date": "2026-08-07", "close": 74.800003, "volume": 3791, "typical_volume": 159909.35, "trend": 63.654107, "fair_value": 61.516218, "relative_strength": 9.953239, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.322988, "energy": 88.541494, "activity_lines": [ 75.046668, 74.803638, 72.129532, 67.824443 ] } ], "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." } } }