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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^FCHI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 85.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 65.568, "architecture_energy": 74.367, "architecture_maturity": 35.654, "architecture_confidence": 78.545, "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": 7.31, "rotation_up": 74.48, "upward_expansion": 92.47, "deceleration": 43.44, "rotation_down": 11.27, "downward_expansion": 16.8 }, "activity_lines": [ 126.007999, 124.79309, 122.91438, 121.722358 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 125.779999, "trend_reference": 120.285929, "distance_from_trend": 0.045675, "trend_direction": "Improving", "fair_value": 98.573837, "distance_from_fair_value": 0.275998, "fair_value_direction": "Improving", "relative_strength": 2.491797, "relative_strength_direction": "Weakening", "price_momentum": 0.069558, "excess_performance": 0.016246, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.045675, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.038393, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.275998, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.028797, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.024918, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.043485, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.069558, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.209743, "read": "Demand-led" } ], "volume": { "latest": 10195, "relative_activity": 1.050549, "balance": 1.209743, "dry_up": 1.642597, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.020451, "annualized_volatility": 0.140773, "from_high_reference": -0.022081, "from_low_reference": 0.330524 }, "levels": { "trend_reference": 120.285929, "fair_value_reference": 98.573837, "structural_low": 111.400002, 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"trend": 118.055243, "fair_value": 97.106634, "relative_strength": 5.598964, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.250588, "energy": 72.446576, "activity_lines": [ 122.393332, 121.36909, 120.391904, 119.62439 ] }, { "date": "2026-07-10", "close": 123.440002, "volume": 30234, "typical_volume": 9074.35, "trend": 118.552629, "fair_value": 97.393183, "relative_strength": 6.110094, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.765341, "energy": 67.980078, "activity_lines": [ 122.968, 121.884, 120.737618, 119.971794 ] }, { "date": "2026-07-17", "close": 124.68, "volume": 42543, "typical_volume": 10994.7, "trend": 118.988563, "fair_value": 97.67872, "relative_strength": 6.880996, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.040801, "energy": 75.93203, "activity_lines": [ 123.745334, 122.564, 121.190095, 120.367108 ] }, { "date": "2026-07-24", "close": 126.059998, "volume": 3020, "typical_volume": 10752.6, "trend": 119.461931, "fair_value": 97.966224, "relative_strength": 7.327156, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.519973, "energy": 81.63081, "activity_lines": [ 124.765333, 123.381818, 121.765618, 120.82333 ] }, { "date": "2026-07-31", "close": 127.559998, "volume": 8004, "typical_volume": 10405.0, "trend": 119.94313, "fair_value": 98.275541, "relative_strength": 6.625827, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.0163, "energy": 83.377913, "activity_lines": [ 125.863999, 124.303636, 122.447809, 121.345786 ] }, { "date": "2026-08-07", "close": 125.779999, "volume": 10195, "typical_volume": 9704.45, "trend": 120.285929, "fair_value": 98.573837, "relative_strength": 2.491797, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.568298, "energy": 74.367001, "activity_lines": [ 126.007999, 124.79309, 122.91438, 121.722358 ] } ], "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." } } }