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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GDAXI", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 70.737, "architecture_energy": 56.376, "architecture_maturity": 40.877, "architecture_confidence": 74.366, "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": 25.62, "rotation_up": 59.55, "upward_expansion": 79.8, "deceleration": 69.83, "rotation_down": 18.99, "downward_expansion": 8.8 }, "activity_lines": [ 48.431334, 47.560546, 44.001287, 42.730088 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.5 }, "latest_close": 49.810001, "trend_reference": 41.941696, "distance_from_trend": 0.187601, "trend_direction": "Improving", "fair_value": 31.284463, "distance_from_fair_value": 0.592164, "fair_value_direction": "Improving", "relative_strength": 25.075118, "relative_strength_direction": "Improving", "price_momentum": 0.090671, "excess_performance": 0.026031, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.187601, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.108308, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.592164, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.433894, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.250751, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.129737, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.090671, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.344025, "read": "Demand-led" } ], "volume": { "latest": 13538022, "relative_activity": 1.356728, "balance": 1.344025, "dry_up": 1.04023, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.070916, "annualized_volatility": 0.479355, "from_high_reference": -0.076224, "from_low_reference": 0.960083 }, "levels": { "trend_reference": 41.941696, "fair_value_reference": 31.284463, "structural_low": 35.09943, 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90.087166, "activity_lines": [ 47.794, 43.532909, 41.159991, 40.910379 ] }, { "date": "2026-07-17", "close": 48.459999, "volume": 10028497, "typical_volume": 11729921.15, "trend": 40.894284, "fair_value": 31.354025, "relative_strength": 32.588397, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.989851, "energy": 86.867829, "activity_lines": [ 48.98, 44.882, 41.963152, 41.425764 ] }, { "date": "2026-07-24", "close": 46.060001, "volume": 8652547, "typical_volume": 10665420.45, "trend": 41.23504, "fair_value": 31.317284, "relative_strength": 23.654465, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.920121, "energy": 84.708295, "activity_lines": [ 48.548, 45.586, 42.506456, 41.759036 ] }, { "date": "2026-07-31", "close": 48.05, "volume": 9300423, "typical_volume": 10312718.2, "trend": 41.573659, "fair_value": 31.298242, "relative_strength": 25.228116, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.234868, "energy": 67.071568, "activity_lines": [ 48.231333, 46.5, 43.192742, 42.198711 ] }, { "date": "2026-08-07", "close": 49.810001, "volume": 13538022, "typical_volume": 9978437.0, "trend": 41.941696, "fair_value": 31.284463, "relative_strength": 25.075118, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.736919, "energy": 56.376287, "activity_lines": [ 48.431334, 47.560546, 44.001287, 42.730088 ] } ], "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." } } }