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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GSPTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 92.591, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 80.516, "architecture_energy": 63.058, "architecture_maturity": 81.143, "architecture_confidence": 58.595, "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": 13.46, "rotation_up": 50.52, "upward_expansion": 78.01, "deceleration": 71.49, "rotation_down": 29.37, "downward_expansion": 16.01 }, "activity_lines": [ 109.942667, 109.708025, 107.608729, 105.194604 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 112.029999, "trend_reference": 102.544759, "distance_from_trend": 0.092499, "trend_direction": "Improving", "fair_value": 88.28397, "distance_from_fair_value": 0.268973, "fair_value_direction": "Improving", "relative_strength": -1.561187, "relative_strength_direction": "Improving", "price_momentum": 0.127704, "excess_performance": 0.007282, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.092499, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.02678, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.268973, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.053822, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.015612, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.044252, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.127704, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.635655, "read": "Demand-led" } ], "volume": { "latest": 15700, "relative_activity": 0.376318, "balance": 1.635655, "dry_up": 1.052852, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.020092, "annualized_volatility": 0.128979, "from_high_reference": -0.01182, "from_low_reference": 0.216395 }, "levels": { "trend_reference": 102.544759, "fair_value_reference": 88.28397, "structural_low": 92.099998, 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"upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.956983, "energy": 83.953382, "activity_lines": [ 109.899261, 108.825053, 105.77311, 103.65894 ] }, { "date": "2026-07-24", "close": 108.470001, "volume": 56100, "typical_volume": 43600.0, "trend": 101.781357, "fair_value": 87.684973, "relative_strength": -2.319557, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.99074, "energy": 65.617035, "activity_lines": [ 109.470667, 108.956087, 106.321848, 104.103949 ] }, { "date": "2026-07-31", "close": 108.82, "volume": 50600, "typical_volume": 44320.0, "trend": 102.163484, "fair_value": 87.974872, "relative_strength": -1.415667, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.085544, "energy": 59.321382, "activity_lines": [ 109.195334, 109.069211, 106.844196, 104.558055 ] }, { "date": "2026-08-07", "close": 112.029999, "volume": 15700, "typical_volume": 41720.0, "trend": 102.544759, "fair_value": 88.28397, "relative_strength": -1.561187, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.51608, "energy": 63.057766, "activity_lines": [ 109.942667, 109.708025, 107.608729, 105.194604 ] } ], "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." } } }