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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^AXJO", "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": 82.466, "architecture_energy": 69.779, "architecture_maturity": 52.333, "architecture_confidence": 92.666, "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": 4.37, "rotation_up": 65.6, "upward_expansion": 87.67, "deceleration": 54.25, "rotation_down": 24.26, "downward_expansion": 12.0 }, "activity_lines": [ 258.069336, 254.998002, 247.779353, 238.731048 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 264.450012, "trend_reference": 227.762646, "distance_from_trend": 0.161077, "trend_direction": "Improving", "fair_value": 199.245516, "distance_from_fair_value": 0.327257, "fair_value_direction": "Improving", "relative_strength": 14.80256, "relative_strength_direction": "Improving", "price_momentum": 0.294817, "excess_performance": 0.231112, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.161077, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.086883, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.327257, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.10191, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.148026, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.023814, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.294817, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.873319, "read": "Demand-led" } ], "volume": { "latest": 3075543, "relative_activity": 1.001292, "balance": 1.873319, "dry_up": 1.003451, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.033163, "annualized_volatility": 0.221721, "from_high_reference": -0.012896, "from_low_reference": 0.436666 }, "levels": { "trend_reference": 227.762646, "fair_value_reference": 199.245516, "structural_low": 186.587748, 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"Established expansion", "gate": "up", "direction": 68.555074, "energy": 84.922974, "activity_lines": [ 254.997999, 251.184364, 243.09488, 234.349998 ] }, { "date": "2026-07-31", "close": 253.089996, "volume": 3430948, "typical_volume": 3127679.25, "trend": 225.698231, "fair_value": 198.568269, "relative_strength": 13.8196, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.098187, "energy": 71.105492, "activity_lines": [ 254.764665, 252.175636, 245.041727, 236.230933 ] }, { "date": "2026-08-07", "close": 264.450012, "volume": 3075543, "typical_volume": 3071575.8, "trend": 227.762646, "fair_value": 199.245516, "relative_strength": 14.80256, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.46633, "energy": 69.779028, "activity_lines": [ 258.069336, 254.998002, 247.779353, 238.731048 ] } ], "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." } } }