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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": "Established expansion", "architecture_gate": "up", "architecture_direction": 74.381, "architecture_energy": 58.183, "architecture_maturity": 65.506, "architecture_confidence": 81.79, "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": 13.76, "rotation_up": 56.97, "upward_expansion": 82.6, "deceleration": 67.91, "rotation_down": 24.91, "downward_expansion": 9.27 }, "activity_lines": [ 89.505333, 88.645818, 84.396532, 81.355395 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 91.919998, "trend_reference": 77.869931, "distance_from_trend": 0.18043, "trend_direction": "Improving", "fair_value": 91.228652, "distance_from_fair_value": 0.007578, "fair_value_direction": "Improving", "relative_strength": 11.957379, "relative_strength_direction": "Improving", "price_momentum": 0.288026, "excess_performance": 0.223387, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.18043, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.084471, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.007578, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.2107, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.119574, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.191529, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.288026, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.025251, "read": "Demand-led" } ], "volume": { "latest": 1531714, "relative_activity": 1.005894, "balance": 2.025251, "dry_up": 1.048033, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.052186, "annualized_volatility": 0.276855, "from_high_reference": -0.032421, "from_low_reference": 0.444501 }, "levels": { "trend_reference": 77.869931, "fair_value_reference": 91.228652, "structural_low": 67.076805, 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56.290342, "activity_lines": [ 88.505333, 87.498182, 83.215323, 80.399447 ] }, { "date": "2026-08-07", "close": 91.919998, "volume": 1531714, "typical_volume": 1522738.95, "trend": 77.869931, "fair_value": 91.228652, "relative_strength": 11.957379, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.381463, "energy": 58.182712, "activity_lines": [ 89.505333, 88.645818, 84.396532, 81.355395 ] } ], "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." } } }