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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 87.432, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 84.126, "architecture_energy": 67.182, "architecture_maturity": 88.786, "architecture_confidence": 62.783, "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": 15.54, "rotation_up": 53.37, "upward_expansion": 82.92, "deceleration": 71.41, "rotation_down": 29.12, "downward_expansion": 11.92 }, "activity_lines": [ 657.40599, 654.939112, 645.784462, 631.389839 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 670.859985, "trend_reference": 614.36582, "distance_from_trend": 0.091955, "trend_direction": "Improving", "fair_value": 522.535157, "distance_from_fair_value": 0.283856, "fair_value_direction": "Improving", "relative_strength": -3.316964, "relative_strength_direction": "Weakening", "price_momentum": 0.153556, "excess_performance": -0.017336, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.091955, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040308, "read": "Rising" 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"typical_volume": 3114.65, "trend": 609.711904, "fair_value": 519.175447, "relative_strength": -2.551066, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.53832, "energy": 64.767573, "activity_lines": [ 654.396672, 652.193692, 639.277089, 625.308796 ] }, { "date": "2026-07-31", "close": 644.969971, "volume": 6359, "typical_volume": 3111.65, "trend": 611.861871, "fair_value": 520.761724, "relative_strength": -4.37475, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.826168, "energy": 58.97408, "activity_lines": [ 651.559326, 651.204219, 641.451226, 627.58351 ] }, { "date": "2026-08-07", "close": 670.859985, "volume": 8242, "typical_volume": 3393.15, "trend": 614.36582, "fair_value": 522.535157, "relative_strength": -3.316964, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.125901, "energy": 67.182208, "activity_lines": [ 657.40599, 654.939112, 645.784462, 631.389839 ] } ], "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." } } }