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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": 81.645, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 83.194, "architecture_energy": 57.947, "architecture_maturity": 55.881, "architecture_confidence": 75.002, "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": 13.59, "rotation_up": 54.71, "upward_expansion": 82.04, "deceleration": 64.64, "rotation_down": 27.38, "downward_expansion": 8.7 }, "activity_lines": [ 127.912002, 127.284766, 126.024687, 123.675067 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 131.050003, "trend_reference": 121.123515, "distance_from_trend": 0.081953, "trend_direction": "Improving", "fair_value": 102.273061, "distance_from_fair_value": 0.281374, "fair_value_direction": "Improving", "relative_strength": -1.939866, "relative_strength_direction": "Improving", "price_momentum": 0.111081, "excess_performance": -0.009341, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.081953, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.026899, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.281374, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.011402, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.019399, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.007444, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.111081, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.676435, "read": "Demand-led" } ], "volume": { "latest": 32500, "relative_activity": 1.039834, "balance": 2.676435, "dry_up": 1.078227, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.020266, "annualized_volatility": 0.137168, "from_high_reference": -0.003725, "from_low_reference": 0.219751 }, "levels": { "trend_reference": 121.123515, "fair_value_reference": 102.273061, 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123.867768, 121.864716 ] }, { "date": "2026-07-17", "close": 126.120003, "volume": 29100, "typical_volume": 39220.0, "trend": 120.182855, "fair_value": 101.342435, "relative_strength": -3.263728, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.916751, "energy": 54.579522, "activity_lines": [ 126.872395, 126.566752, 124.367223, 122.265411 ] }, { "date": "2026-07-24", "close": 125.290001, "volume": 29100, "typical_volume": 35500.0, "trend": 120.379425, "fair_value": 101.628566, "relative_strength": -3.94604, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.84423, "energy": 49.937786, "activity_lines": [ 126.402003, 126.376172, 124.74525, 122.594904 ] }, { "date": "2026-07-31", "close": 126.790001, "volume": 44100, "typical_volume": 33370.0, "trend": 120.718053, "fair_value": 101.935802, "relative_strength": -2.203303, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.32942, "energy": 45.772903, "activity_lines": [ 126.518002, 126.449406, 125.21554, 123.00849 ] }, { "date": "2026-08-07", "close": 131.050003, "volume": 32500, "typical_volume": 31255.0, "trend": 121.123515, "fair_value": 102.273061, "relative_strength": -1.939866, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.194479, "energy": 57.947104, "activity_lines": [ 127.912002, 127.284766, 126.024687, 123.675067 ] } ], "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." } } }