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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^FCHI", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 80.003, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "mixed", "architecture_direction": 37.832, "architecture_energy": 35.222, "architecture_maturity": 44.172, "architecture_confidence": 84.87, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 32.54, "rotation_up": 65.4, "upward_expansion": 44.37, "deceleration": 27.23, "rotation_down": 20.12, "downward_expansion": 21.7 }, "activity_lines": [ 245.566662, 238.245451, 235.46643, 237.343728 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 264.799988, "trend_reference": 240.814012, "distance_from_trend": 0.099604, "trend_direction": "Improving", "fair_value": 188.464715, "distance_from_fair_value": 0.405037, "fair_value_direction": "Improving", "relative_strength": 3.475137, "relative_strength_direction": "Improving", "price_momentum": 0.086236, "excess_performance": 0.032925, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.099604, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.004889, "read": "Rising" 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223.300003, "volume": 1214952, "typical_volume": 1277286.8, "trend": 240.047352, "fair_value": 185.508957, "relative_strength": -9.228268, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.892768, "energy": 34.968458, "activity_lines": [ 227.886666, 229.284284, 233.025019, 236.795254 ] }, { "date": "2026-07-17", "close": 223.100006, "volume": 999151, "typical_volume": 1220146.6, "trend": 239.927013, "fair_value": 186.130396, "relative_strength": -9.029068, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.007086, "energy": 39.462511, "activity_lines": [ 225.913335, 228.248181, 231.68821, 235.701877 ] }, { "date": "2026-07-24", "close": 236.399994, "volume": 1251039, "typical_volume": 1161640.45, "trend": 240.289469, "fair_value": 186.832549, "relative_strength": -3.873882, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.758425, "energy": 20.360446, "activity_lines": [ 229.146666, 229.661817, 231.753174, 235.474327 ] }, { "date": "2026-07-31", "close": 245.199997, "volume": 1347759, "typical_volume": 1128258.5, "trend": 240.734794, "fair_value": 187.588992, "relative_strength": -1.786618, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.836164, "energy": 7.891564, "activity_lines": [ 235.046665, 232.312726, 232.664118, 235.791135 ] }, { "date": "2026-08-07", "close": 264.799988, "volume": 1167640, "typical_volume": 1056590.8, "trend": 240.814012, "fair_value": 188.464715, "relative_strength": 3.475137, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 37.832226, "energy": 35.222048, "activity_lines": [ 245.566662, 238.245451, 235.46643, 237.343728 ] } ], "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." } } }