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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 58.722, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 60.969, "architecture_energy": 40.37, "architecture_maturity": 20.923, "architecture_confidence": 66.28, "architecture_tenure": "New", "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": 23.1, "rotation_up": 52.51, "upward_expansion": 78.63, "deceleration": 61.59, "rotation_down": 20.95, "downward_expansion": 5.3 }, "activity_lines": [ 75.266157, 74.814858, 73.236212, 72.194385 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 75.800003, "trend_reference": 71.205618, "distance_from_trend": 0.064523, "trend_direction": "Improving", "fair_value": 72.060411, "distance_from_fair_value": 0.051895, "fair_value_direction": "Improving", "relative_strength": -26.286992, "relative_strength_direction": "Improving", "price_momentum": 0.062317, "excess_performance": -0.379055, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.064523, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.002793, "read": "Rising" 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"energy": 64.335006, "activity_lines": [ 74.969209, 73.747055, 72.134669, 71.421078 ] }, { "date": "2026-07-31", "close": 73.800003, "volume": 124189949, "typical_volume": 70095702.7, "trend": 71.05035, "fair_value": 71.913344, "relative_strength": -25.674608, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.28113, "energy": 55.601433, "activity_lines": [ 74.778212, 73.968083, 72.411634, 71.590708 ] }, { "date": "2026-08-07", "close": 75.699997, "volume": 109498348, "typical_volume": 72754973.2, "trend": 71.09266, "fair_value": 71.981795, "relative_strength": -24.697954, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.772352, "energy": 48.806057, "activity_lines": [ 75.083087, 74.442875, 72.838668, 71.890685 ] }, { "date": "2026-08-14", "close": 75.800003, "volume": 53462723, "typical_volume": 73144559.3, "trend": 71.205618, "fair_value": 72.060411, "relative_strength": -26.286992, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.969255, "energy": 40.369592, "activity_lines": [ 75.266157, 74.814858, 73.236212, 72.194385 ] } ], "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." } } }