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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^ATX", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "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": 75.575, "architecture_energy": 62.684, "architecture_maturity": 71.61, "architecture_confidence": 80.999, "architecture_tenure": "Extended", "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": 12.9, "rotation_up": 69.46, "upward_expansion": 82.94, "deceleration": 56.6, "rotation_down": 15.51, "downward_expansion": 9.6 }, "activity_lines": [ 124.546667, 121.992728, 116.878731, 112.774469 ], "activity_state": "Moderate", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 127.800003, "trend_reference": 106.934181, "distance_from_trend": 0.195128, "trend_direction": "Improving", "fair_value": 106.148674, "distance_from_fair_value": 0.203972, "fair_value_direction": "Improving", "relative_strength": 11.849531, "relative_strength_direction": "Improving", "price_momentum": 0.34657, "excess_performance": 0.172323, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.195128, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.143839, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.203972, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.206642, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.118495, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.076451, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.34657, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 33.2, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 33.2, "dry_up": 0.146199, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.05257, "annualized_volatility": 0.263094, "from_high_reference": -0.016923, "from_low_reference": 0.805521 }, "levels": { "trend_reference": 106.934181, "fair_value_reference": 106.148674, "structural_low": 93.217956, "invalidation": "A 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109.189449, 105.155426 ] }, { "date": "2026-07-03", "close": 114.800003, "volume": 0, "typical_volume": 21.95, "trend": 100.113354, "fair_value": 105.608929, "relative_strength": 2.072633, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.383688, "energy": 79.810895, "activity_lines": [ 117.293335, 113.955787, 110.060959, 106.18313 ] }, { "date": "2026-07-10", "close": 118.599998, "volume": 332, "typical_volume": 33.35, "trend": 101.388347, "fair_value": 105.706248, "relative_strength": 6.845826, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.766674, "energy": 65.079226, "activity_lines": [ 118.240001, 115.240026, 111.20488, 107.375817 ] }, { "date": "2026-07-17", "close": 124.400002, "volume": 0, "typical_volume": 33.35, "trend": 102.842345, "fair_value": 105.816676, "relative_strength": 14.069798, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.807177, "energy": 66.165648, "activity_lines": [ 120.333334, 117.392728, 112.796793, 108.86044 ] }, { "date": "2026-07-24", "close": 120.599998, "volume": 10, "typical_volume": 17.1, "trend": 104.24914, "fair_value": 105.891133, "relative_strength": 9.026565, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.96478, "energy": 55.587411, "activity_lines": [ 120.653333, 118.505455, 113.886603, 110.006095 ] }, { "date": "2026-07-31", "close": 125.0, "volume": 0, "typical_volume": 17.1, "trend": 105.641067, "fair_value": 106.006257, "relative_strength": 12.825987, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.427331, "energy": 59.450336, "activity_lines": [ 122.173333, 120.138182, 115.30589, 111.34486 ] }, { "date": "2026-08-07", "close": 127.800003, "volume": 0, "typical_volume": 17.1, "trend": 106.934181, "fair_value": 106.148674, "relative_strength": 11.849531, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.575453, "energy": 62.683535, "activity_lines": [ 124.546667, 121.992728, 116.878731, 112.774469 ] } ], "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." } } }