{ "ticker": { "uuid": "7d35ab66-2f94-45a3-8eca-521eefbdeade", "symbol": "KGN", "name": "Kogan.com Ltd", "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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 77.113, "architecture_energy": 47.054, "architecture_maturity": 50.646, "architecture_confidence": 67.925, "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": 26.98, "rotation_up": 52.9, "upward_expansion": 76.73, "deceleration": 68.77, "rotation_down": 22.02, "downward_expansion": 5.73 }, "activity_lines": [ 4.34, 4.296364, 4.13681, 4.019869 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 4.66, "trend_reference": 3.872215, "distance_from_trend": 0.203445, "trend_direction": "Improving", "fair_value": 4.371098, "distance_from_fair_value": 0.066094, "fair_value_direction": "Improving", "relative_strength": 20.455824, "relative_strength_direction": "Improving", "price_momentum": 0.423611, "excess_performance": 0.359905, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.203445, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.089587, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.066094, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.252625, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.204558, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.204535, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.423611, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.72741, "read": "Supply-led" } ], "volume": { "latest": 2136897, "relative_activity": 2.254993, "balance": 0.72741, "dry_up": 1.312904, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.065368, "annualized_volatility": 0.597276, "from_high_reference": -0.029167, "from_low_reference": 0.650993 }, "levels": { "trend_reference": 3.872215, "fair_value_reference": 4.371098, "structural_low": 2.910748, "invalidation": "A 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4.115273, 3.965171, 3.864583 ] }, { "date": "2026-07-10", "close": 4.25, "volume": 987663, "typical_volume": 1263548.25, "trend": 3.774893, "fair_value": 4.408047, "relative_strength": 16.487268, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.518491, "energy": 73.115375, "activity_lines": [ 4.288, 4.168545, 4.002062, 3.897546 ] }, { "date": "2026-07-17", "close": 4.19, "volume": 804778, "typical_volume": 1037180.35, "trend": 3.805774, "fair_value": 4.399088, "relative_strength": 14.809037, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.805422, "energy": 52.837766, "activity_lines": [ 4.264667, 4.198364, 4.027421, 3.924327 ] }, { "date": "2026-07-24", "close": 4.03, "volume": 965593, "typical_volume": 953454.95, "trend": 3.826095, "fair_value": 4.387327, "relative_strength": 10.619432, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.124431, "energy": 34.356006, "activity_lines": [ 4.178, 4.188364, 4.03719, 3.938793 ] }, { "date": "2026-07-31", "close": 4.27, "volume": 1069316, "typical_volume": 921564.9, "trend": 3.847229, "fair_value": 4.377341, "relative_strength": 14.277282, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.976806, "energy": 31.367333, "activity_lines": [ 4.194667, 4.213818, 4.069714, 3.967432 ] }, { "date": "2026-08-07", "close": 4.66, "volume": 2136897, "typical_volume": 947629.3, "trend": 3.872215, "fair_value": 4.371098, "relative_strength": 20.455824, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.112814, "energy": 47.053837, "activity_lines": [ 4.34, 4.296364, 4.13681, 4.019869 ] } ], "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." } } }