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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 79.706, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 8.076, "architecture_energy": 5.771, "architecture_maturity": 38.688, "architecture_confidence": 75.056, "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": 56.09, "rotation_up": 26.79, "upward_expansion": 61.77, "deceleration": 84.32, "rotation_down": 29.14, "downward_expansion": 16.44 }, "activity_lines": [ 569.862, 573.81018, 570.358186, 569.904426 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 551.26001, "trend_reference": 565.512663, "distance_from_trend": -0.025203, "trend_direction": "Improving", "fair_value": 492.721156, "distance_from_fair_value": 0.118807, "fair_value_direction": "Weakening", "relative_strength": -14.895928, "relative_strength_direction": "Weakening", "price_momentum": 0.050019, "excess_performance": -0.120873, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.025203, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.02144, "read": 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73.8463, "energy": 70.696895, "activity_lines": [ 586.844674, 579.11018, 572.951044, 570.685717 ] }, { "date": "2026-07-31", "close": 564.909973, "volume": 2629, "typical_volume": 1165.6, "trend": 564.737329, "fair_value": 491.733079, "relative_strength": -10.556855, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.287835, "energy": 29.218689, "activity_lines": [ 579.801331, 577.710176, 572.238232, 570.77393 ] }, { "date": "2026-08-07", "close": 551.26001, "volume": 1075, "typical_volume": 1172.35, "trend": 565.512663, "fair_value": 492.721156, "relative_strength": -14.895928, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 8.076464, "energy": 5.77125, "activity_lines": [ 569.862, 573.81018, 570.358186, 569.904426 ] } ], "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." } } }