{ "ticker": { "uuid": "71f70f4d-4d59-4e2a-b2f6-95bd6aab0984", "symbol": "QAN", "name": "Qantas Airways Limited", "exchange": "ASX", "country": "AU", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^AXJO", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 87.611, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 63.315, "architecture_energy": 43.904, "architecture_maturity": 43.885, "architecture_confidence": 53.168, "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": 29.6, "rotation_up": 46.01, "upward_expansion": 67.62, "deceleration": 64.31, "rotation_down": 25.08, "downward_expansion": 17.62 }, "activity_lines": [ 10.234, 10.239091, 9.805524, 9.586586 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 10.57, "trend_reference": 9.487424, "distance_from_trend": 0.114106, "trend_direction": "Improving", "fair_value": 7.813728, "distance_from_fair_value": 0.352747, "fair_value_direction": "Improving", "relative_strength": 2.304703, "relative_strength_direction": "Improving", "price_momentum": 0.066156, "excess_performance": 0.00245, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.114106, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.013404, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.352747, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.164429, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.023047, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.124174, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.066156, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.549364, "read": "Supply-led" } ], "volume": { "latest": 24579272, "relative_activity": 0.983406, "balance": 0.549364, "dry_up": 1.046036, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.047267, "annualized_volatility": 0.334432, "from_high_reference": -0.122, "from_low_reference": 0.334339 }, "levels": { "trend_reference": 9.487424, "fair_value_reference": 7.813728, "structural_low": 7.921528, "invalidation": 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"energy": 72.756849, "activity_lines": [ 10.406, 10.069455, 9.545822, 9.452635 ] }, { "date": "2026-07-24", "close": 9.99, "volume": 29394197, "typical_volume": 28984817.55, "trend": 9.480645, "fair_value": 7.759292, "relative_strength": 1.867503, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 63.957216, "energy": 71.533734, "activity_lines": [ 10.269333, 10.118545, 9.621429, 9.485387 ] }, { "date": "2026-07-31", "close": 9.95, "volume": 28935886, "typical_volume": 27730999.0, "trend": 9.470771, "fair_value": 7.783928, "relative_strength": -0.694566, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.967602, "energy": 40.000242, "activity_lines": [ 10.124, 10.134, 9.687143, 9.515668 ] }, { "date": "2026-08-07", "close": 10.57, "volume": 24579272, "typical_volume": 24994019.65, "trend": 9.487424, "fair_value": 7.813728, "relative_strength": 2.304703, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.31549, "energy": 43.903586, "activity_lines": [ 10.234, 10.239091, 9.805524, 9.586586 ] } ], "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." } } }