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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^STI", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 56.936, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 83.188, "architecture_energy": 60.749, "architecture_maturity": 56.494, "architecture_confidence": 68.934, "architecture_tenure": "Established", "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": 27.67, "rotation_up": 56.33, "upward_expansion": 82.66, "deceleration": 62.96, "rotation_down": 27.18, "downward_expansion": 9.33 }, "activity_lines": [ 752.396672, 748.43338, 741.368331, 727.299084 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 768.340027, "trend_reference": 711.158179, "distance_from_trend": 0.080407, "trend_direction": "Improving", "fair_value": 583.003115, "distance_from_fair_value": 0.3179, "fair_value_direction": "Weakening", "relative_strength": -6.46858, "relative_strength_direction": "Weakening", "price_momentum": 0.137177, "excess_performance": -0.017658, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.080407, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.033303, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.3179, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.002622, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.064686, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.084078, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.137177, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.778105, "read": "Supply-led" } ], "volume": { "latest": 1897, "relative_activity": 0.651856, "balance": 0.778105, "dry_up": 1.335928, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.019107, "annualized_volatility": 0.122991, "from_high_reference": -0.008581, "from_low_reference": 0.220247 }, "levels": { "trend_reference": 711.158179, "fair_value_reference": 583.003115, 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712.633851 ] }, { "date": "2026-07-10", "close": 750.929993, "volume": 916, "typical_volume": 2740.55, "trend": 702.483278, "fair_value": 574.973761, "relative_strength": -5.515671, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.766646, "energy": 54.003922, "activity_lines": [ 744.575435, 744.628219, 728.485141, 715.898891 ] }, { "date": "2026-07-17", "close": 744.5, "volume": 8885, "typical_volume": 3105.7, "trend": 704.798045, "fair_value": 576.934847, "relative_strength": -6.834351, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.082302, "energy": 52.944451, "activity_lines": [ 745.119332, 744.775881, 731.648015, 718.609647 ] }, { "date": "2026-07-24", "close": 740.119995, "volume": 2498, "typical_volume": 3005.7, "trend": 706.48147, "fair_value": 578.85671, "relative_strength": -8.500605, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.003348, "energy": 48.198056, "activity_lines": [ 743.884664, 743.942183, 734.120907, 720.888483 ] }, { "date": "2026-07-31", "close": 745.98999, "volume": 2271, "typical_volume": 2962.75, "trend": 708.484222, "fair_value": 580.839669, "relative_strength": -8.22661, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.595588, "energy": 48.492733, "activity_lines": [ 744.931995, 744.173953, 736.876835, 723.437419 ] }, { "date": "2026-08-07", "close": 768.340027, "volume": 1897, "typical_volume": 2910.15, "trend": 711.158179, "fair_value": 583.003115, "relative_strength": -6.46858, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.188195, "energy": 60.749446, "activity_lines": [ 752.396672, 748.43338, 741.368331, 727.299084 ] } ], "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." } } }