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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": 82.218, "architecture_energy": 70.979, "architecture_maturity": 31.365, "architecture_confidence": 89.869, "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": 4.37, "rotation_up": 66.14, "upward_expansion": 89.43, "deceleration": 46.4, "rotation_down": 20.97, "downward_expansion": 13.77 }, "activity_lines": [ 426.493335, 421.705458, 411.324795, 399.852744 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 441.0, "trend_reference": 388.019359, "distance_from_trend": 0.136541, "trend_direction": "Improving", "fair_value": 357.133677, "distance_from_fair_value": 0.234832, "fair_value_direction": "Improving", "relative_strength": 3.211404, "relative_strength_direction": "Improving", "price_momentum": 0.164768, "excess_performance": 0.103273, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.136541, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.033411, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.234832, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.099333, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.032114, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.061164, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.164768, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.968129, "read": "Demand-led" } ], "volume": { "latest": 1268385, "relative_activity": 1.025267, "balance": 3.968129, "dry_up": 1.043406, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.038025, "annualized_volatility": 0.259955, "from_high_reference": -0.005861, "from_low_reference": 0.409464 }, "levels": { "trend_reference": 388.019359, "fair_value_reference": 357.133677, "structural_low": 312.88494, 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{ "date": "2026-07-31", "close": 422.600006, "volume": 1200742, "typical_volume": 1304306.5, "trend": 386.037861, "fair_value": 355.961622, "relative_strength": 0.914689, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.662122, "energy": 46.889605, "activity_lines": [ 418.773336, 416.970913, 406.691882, 396.3068 ] }, { "date": "2026-08-07", "close": 441.0, "volume": 1268385, "typical_volume": 1237126.15, "trend": 388.019359, "fair_value": 357.133677, "relative_strength": 3.211404, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.217866, "energy": 70.978503, "activity_lines": [ 426.493335, 421.705458, 411.324795, 399.852744 ] } ], "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." } } }