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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^ATX", "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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 75.275, "architecture_energy": 62.271, "architecture_maturity": 13.452, "architecture_confidence": 79.678, "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": 23.01, "rotation_up": 63.08, "upward_expansion": 81.48, "deceleration": 55.03, "rotation_down": 16.96, "downward_expansion": 10.48 }, "activity_lines": [ 79.033334, 77.589092, 76.209048, 73.821845 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 81.599998, "trend_reference": 71.381675, "distance_from_trend": 0.143151, "trend_direction": "Improving", "fair_value": 55.926749, "distance_from_fair_value": 0.459051, "fair_value_direction": "Improving", "relative_strength": 0.519111, "relative_strength_direction": "Weakening", "price_momentum": 0.206371, "excess_performance": 0.032125, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.143151, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.076784, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.459051, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.050283, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.005191, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.013046, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.206371, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.576596, "read": "Demand-led" } ], "volume": { "latest": 614570, "relative_activity": 1.622529, "balance": 3.576596, "dry_up": 1.232969, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.046286, "annualized_volatility": 0.288959, "from_high_reference": -0.033175, "from_low_reference": 0.471794 }, "levels": { "trend_reference": 71.381675, "fair_value_reference": 55.926749, "structural_low": 55.442548, 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"direction": 43.887169, "energy": 32.390596, "activity_lines": [ 75.153333, 75.923637, 73.472396, 71.650593 ] }, { "date": "2026-07-17", "close": 73.900002, "volume": 313073, "typical_volume": 417476.25, "trend": 69.823374, "fair_value": 55.171786, "relative_strength": -5.26663, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.531615, "energy": 24.900258, "activity_lines": [ 74.433334, 75.536364, 73.78265, 71.937452 ] }, { "date": "2026-07-24", "close": 77.300003, "volume": 328513, "typical_volume": 391744.95, "trend": 70.293639, "fair_value": 55.401072, "relative_strength": -2.002594, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.254202, "energy": 25.39318, "activity_lines": [ 75.113335, 75.785456, 74.399893, 72.419816 ] }, { "date": "2026-07-31", "close": 81.300003, "volume": 611904, "typical_volume": 391901.25, "trend": 70.874913, "fair_value": 55.659362, "relative_strength": 3.105568, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.311696, "energy": 44.197239, "activity_lines": [ 77.173335, 76.703638, 75.340247, 73.129904 ] }, { "date": "2026-08-07", "close": 81.599998, "volume": 614570, "typical_volume": 378772.85, "trend": 71.381675, "fair_value": 55.926749, "relative_strength": 0.519111, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.274871, "energy": 62.271195, "activity_lines": [ 79.033334, 77.589092, 76.209048, 73.821845 ] } ], "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." } } }