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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": "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": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 73.222, "architecture_energy": 58.665, "architecture_maturity": 43.265, "architecture_confidence": 74.678, "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": 26.14, "rotation_up": 61.1, "upward_expansion": 80.27, "deceleration": 70.18, "rotation_down": 18.54, "downward_expansion": 9.27 }, "activity_lines": [ 48.541333, 47.610727, 44.002865, 42.714041 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.5 }, "latest_close": 50.200001, "trend_reference": 41.899522, "distance_from_trend": 0.198104, "trend_direction": "Improving", "fair_value": 31.266702, "distance_from_fair_value": 0.605542, "fair_value_direction": "Improving", "relative_strength": 12.672854, "relative_strength_direction": "Improving", "price_momentum": 0.101371, "excess_performance": -0.072876, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.198104, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.109145, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.605542, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.446885, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.126729, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.154243, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.101371, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.651989, "read": "Demand-led" } ], "volume": { "latest": 16290, "relative_activity": 2.61994, "balance": 1.651989, "dry_up": 1.491508, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.068327, "annualized_volatility": 0.484021, "from_high_reference": -0.06622, "from_low_reference": 0.972714 }, "levels": { "trend_reference": 41.899522, "fair_value_reference": 31.266702, "structural_low": 35.174346, "invalidation": 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"stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.080377, "energy": 86.962618, "activity_lines": [ 48.942666, 44.840909, 41.917485, 41.373292 ] }, { "date": "2026-07-24", "close": 46.16, "volume": 5770, "typical_volume": 6736.05, "trend": 41.176397, "fair_value": 31.297107, "relative_strength": 7.761736, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.05415, "energy": 85.538831, "activity_lines": [ 48.560666, 45.572363, 42.47452, 41.717185 ] }, { "date": "2026-07-31", "close": 47.939999, "volume": 4322, "typical_volume": 5824.15, "trend": 41.512341, "fair_value": 31.277987, "relative_strength": 11.520873, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.455869, "energy": 66.040178, "activity_lines": [ 48.205999, 46.471818, 43.153491, 42.153547 ] }, { "date": "2026-08-07", "close": 50.200001, "volume": 16290, "typical_volume": 6217.7, "trend": 41.899522, "fair_value": 31.266702, "relative_strength": 12.672854, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.222158, "energy": 58.665079, "activity_lines": [ 48.541333, 47.610727, 44.002865, 42.714041 ] } ], "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." } } }