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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late 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": 67.159, "architecture_energy": 66.075, "architecture_maturity": 34.255, "architecture_confidence": 76.865, "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": 4.03, "rotation_up": 77.48, "upward_expansion": 87.67, "deceleration": 54.08, "rotation_down": 10.03, "downward_expansion": 12.0 }, "activity_lines": [ 34.430001, 32.118182, 28.040238, 26.067312 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 34.150002, "trend_reference": 23.295, "distance_from_trend": 0.46598, "trend_direction": "Improving", "fair_value": 21.613625, "distance_from_fair_value": 0.580022, "fair_value_direction": "Improving", "relative_strength": 20.459313, "relative_strength_direction": "Improving", "price_momentum": 1.02071, "excess_performance": 0.579338, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.46598, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.240085, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.580022, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.664519, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.204593, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.503972, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 1.02071, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.374467, "read": "Demand-led" } ], "volume": { "latest": 229004, "relative_activity": 0.169178, "balance": 3.374467, "dry_up": 0.616228, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.110485, "annualized_volatility": 0.581836, "from_high_reference": -0.14625, "from_low_reference": 1.299663 }, "levels": { "trend_reference": 23.295, "fair_value_reference": 21.613625, "structural_low": 15.5, "invalidation": "A 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"trend": 20.826667, "fair_value": 21.420445, "relative_strength": 30.247635, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.680961, "energy": 96.847233, "activity_lines": [ 29.386667, 26.243637, 24.226667, 22.843871 ] }, { "date": "2026-07-24", "close": 32.900002, "volume": 557554, "typical_volume": 1997128.35, "trend": 21.39, "fair_value": 21.452159, "relative_strength": 21.076432, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.556473, "energy": 92.602448, "activity_lines": [ 31.080001, 27.841819, 25.162381, 23.622796 ] }, { "date": "2026-07-31", "close": 34.0, "volume": 1763943, "typical_volume": 2041215.9, "trend": 21.996667, "fair_value": 21.49972, "relative_strength": 26.945168, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.843394, "energy": 90.922567, "activity_lines": [ 32.600001, 29.405455, 26.124762, 24.436344 ] }, { "date": "2026-08-07", "close": 35.799999, "volume": 786080, "typical_volume": 1449652.5, "trend": 22.673333, "fair_value": 21.564097, "relative_strength": 30.495515, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.896861, "energy": 87.045344, "activity_lines": [ 34.15, 31.050909, 27.191429, 25.326882 ] }, { "date": "2026-08-14", "close": 34.150002, "volume": 229004, "typical_volume": 1353630.8, "trend": 23.295, "fair_value": 21.613625, "relative_strength": 20.459313, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.159275, "energy": 66.075442, "activity_lines": [ 34.430001, 32.118182, 28.040238, 26.067312 ] } ], "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." } } }