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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^FCHI", "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": "Early expansion", "architecture_gate": "up", "architecture_direction": 81.107, "architecture_energy": 91.893, "architecture_maturity": 11.172, "architecture_confidence": 75.968, "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": 7.3, "rotation_up": 86.31, "upward_expansion": 99.9, "deceleration": 39.0, "rotation_down": 8.1, "downward_expansion": 21.9 }, "activity_lines": [ 132.146665, 127.701817, 123.483179, 121.797941 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 134.600006, "trend_reference": 120.755023, "distance_from_trend": 0.114653, "trend_direction": "Improving", "fair_value": 118.866232, "distance_from_fair_value": 0.132365, "fair_value_direction": "Improving", "relative_strength": 3.745607, "relative_strength_direction": "Improving", "price_momentum": 0.076446, "excess_performance": 0.023135, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.114653, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.010665, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.132365, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.130729, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.037456, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.096236, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.076446, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.398232, "read": "Demand-led" } ], "volume": { "latest": 7680, "relative_activity": 0.643413, "balance": 2.398232, "dry_up": 0.806486, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.035204, "annualized_volatility": 0.164201, "from_high_reference": -0.027457, "from_low_reference": 0.212897 }, "levels": { "trend_reference": 120.755023, "fair_value_reference": 118.866232, "structural_low": 110.973974, 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118.608924 ] }, { "date": "2026-07-10", "close": 123.0, "volume": 8688, "typical_volume": 13431.2, "trend": 119.886862, "fair_value": 118.052604, "relative_strength": -1.579586, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.087522, "energy": 29.373971, "activity_lines": [ 120.666667, 119.785454, 118.492435, 118.813785 ] }, { "date": "2026-07-17", "close": 125.199997, "volume": 7194, "typical_volume": 13243.85, "trend": 119.885646, "fair_value": 118.226903, "relative_strength": 0.372009, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.061469, "energy": 48.810982, "activity_lines": [ 122.253333, 120.90909, 119.191787, 119.156568 ] }, { "date": "2026-07-24", "close": 131.399994, "volume": 9660, "typical_volume": 13068.0, "trend": 120.143197, "fair_value": 118.425794, "relative_strength": 5.014448, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.929677, "energy": 72.848775, "activity_lines": [ 125.706664, 123.010907, 120.467834, 119.899429 ] }, { "date": "2026-07-31", "close": 135.399994, "volume": 13972, "typical_volume": 12694.85, "trend": 120.42988, "fair_value": 118.647994, "relative_strength": 6.647313, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 88.589823, "energy": 90.836134, "activity_lines": [ 129.666663, 125.599997, 122.06385, 120.883739 ] }, { "date": "2026-08-07", "close": 134.600006, "volume": 7680, "typical_volume": 11936.35, "trend": 120.755023, "fair_value": 118.866232, "relative_strength": 3.745607, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.107304, "energy": 91.892734, "activity_lines": [ 132.146665, 127.701817, 123.483179, 121.797941 ] } ], "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." } } }