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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-21", "benchmark": "^TWII", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late 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": "Early expansion", "architecture_gate": "up", "architecture_direction": 65.421, "architecture_energy": 48.957, "architecture_maturity": 69.017, "architecture_confidence": 70.779, "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": 16.58, "rotation_up": 51.54, "upward_expansion": 78.57, "deceleration": 71.35, "rotation_down": 22.91, "downward_expansion": 7.57 }, "activity_lines": [ 73.533335, 71.858386, 64.702763, 61.381406 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 75.800003, "trend_reference": 57.529038, "distance_from_trend": 0.317596, "trend_direction": "Improving", "fair_value": 53.64392, "distance_from_fair_value": 0.413021, "fair_value_direction": "Improving", "relative_strength": 8.865914, "relative_strength_direction": "Improving", "price_momentum": 0.558246, "excess_performance": 0.212514, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.317596, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.124874, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.413021, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.50245, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.088659, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.348295, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.558246, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.357297, "read": "Demand-led" } ], "volume": { "latest": 120662556, "relative_activity": 1.266323, "balance": 3.357297, "dry_up": 1.47367, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.115475, "annualized_volatility": 0.652321, "from_high_reference": -0.225741, "from_low_reference": 1.021453 }, "levels": { "trend_reference": 57.529038, "fair_value_reference": 53.64392, "structural_low": 48.008889, 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"date": "2026-08-14", "close": 70.900002, "volume": 90030140, "typical_volume": 93139505.65, "trend": 56.576593, "fair_value": 53.644895, "relative_strength": 0.512326, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.737612, "energy": 56.928215, "activity_lines": [ 73.586669, 69.984527, 63.077641, 60.141186 ] }, { "date": "2026-08-21", "close": 75.800003, "volume": 120662556, "typical_volume": 95285749.2, "trend": 57.529038, "fair_value": 53.64392, "relative_strength": 8.865914, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.421356, "energy": 48.957053, "activity_lines": [ 73.533335, 71.858386, 64.702763, 61.381406 ] } ], "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." } } }