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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^OMX", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 89.061, "architecture_energy": 95.642, "architecture_maturity": 19.867, "architecture_confidence": 74.222, "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": 10.95, "rotation_up": 86.27, "upward_expansion": 97.67, "deceleration": 41.83, "rotation_down": 10.68, "downward_expansion": 24.33 }, "activity_lines": [ 86.346666, 81.217273, 77.77063, 75.859576 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 90.949997, "trend_reference": 74.345511, "distance_from_trend": 0.223342, "trend_direction": "Weakening", "fair_value": 89.193273, "distance_from_fair_value": 0.019696, "fair_value_direction": "Improving", "relative_strength": 4.802926, "relative_strength_direction": "Improving", "price_momentum": 0.272475, "excess_performance": 0.210981, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.223342, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.012915, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.019696, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.205745, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.048029, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.199831, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.272475, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.599884, "read": "Demand-led" } ], "volume": { "latest": 1248280, "relative_activity": 0.618858, "balance": 3.599884, "dry_up": 1.082252, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.044192, "annualized_volatility": 0.345409, "from_high_reference": -0.007638, "from_low_reference": 0.442011 }, "levels": { "trend_reference": 74.345511, "fair_value_reference": 89.193273, "structural_low": 63.071627, 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"Established contraction", "gate": "down", "direction": -22.091248, "energy": 10.197166, "activity_lines": [ 72.953334, 73.286365, 72.922194, 72.84077 ] }, { "date": "2026-07-17", "close": 74.300003, "volume": 1424350, "typical_volume": 2243596.25, "trend": 73.637704, "fair_value": 89.295032, "relative_strength": -10.573938, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.980418, "energy": 1.892124, "activity_lines": [ 73.466668, 73.407274, 73.13515, 72.867341 ] }, { "date": "2026-07-24", "close": 88.300003, "volume": 4320657, "typical_volume": 2247774.1, "trend": 73.868077, "fair_value": 89.232832, "relative_strength": 4.824348, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 57.727923, "energy": 64.627964, "activity_lines": [ 78.426669, 76.067274, 74.676529, 73.813296 ] }, { "date": "2026-07-31", "close": 88.699997, "volume": 1738628, "typical_volume": 2211137.6, "trend": 74.064573, "fair_value": 89.202823, "relative_strength": 4.031313, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 86.805522, "energy": 88.654017, "activity_lines": [ 82.566667, 78.548183, 76.166666, 74.770194 ] }, { "date": "2026-08-07", "close": 90.949997, "volume": 1248280, "typical_volume": 2017070.75, "trend": 74.345511, "fair_value": 89.193273, "relative_strength": 4.802926, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.060743, "energy": 95.642255, "activity_lines": [ 86.346666, 81.217273, 77.77063, 75.859576 ] } ], "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." } } }