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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^AEX", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 85.253, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 84.419, "architecture_energy": 67.837, "architecture_maturity": 90.631, "architecture_confidence": 62.042, "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": 16.58, "rotation_up": 53.57, "upward_expansion": 83.0, "deceleration": 71.46, "rotation_down": 29.33, "downward_expansion": 12.0 }, "activity_lines": [ 106.439399, 106.063963, 104.571156, 102.215614 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 108.514999, "trend_reference": 99.43025, "distance_from_trend": 0.091368, "trend_direction": "Improving", "fair_value": 84.491303, "distance_from_fair_value": 0.284333, "fair_value_direction": "Improving", "relative_strength": 0.536752, "relative_strength_direction": "Weakening", "price_momentum": 0.154657, "excess_performance": 0.037995, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.091368, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.041282, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.284333, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.031791, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.005368, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.035745, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.154657, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.35275, "read": "Supply-led" } ], "volume": { "latest": 17255, "relative_activity": 2.392076, "balance": 0.35275, "dry_up": 2.974568, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.016933, "annualized_volatility": 0.118222, "from_high_reference": -0.004879, "from_low_reference": 0.23644 }, "levels": { "trend_reference": 99.43025, "fair_value_reference": 84.491303, "structural_low": 90.153, 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"2026-07-10", "close": 106.966003, "volume": 4044, "typical_volume": 3617.95, "trend": 97.881976, "fair_value": 83.418546, "relative_strength": 1.577333, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.299537, "energy": 71.85512, "activity_lines": [ 105.893599, 105.297436, 102.387666, 100.22986 ] }, { "date": "2026-07-17", "close": 105.788002, "volume": 59478, "typical_volume": 6440.6, "trend": 98.280437, "fair_value": 83.685495, "relative_strength": -0.292122, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.005193, "energy": 65.744109, "activity_lines": [ 105.995467, 105.505036, 102.979509, 100.739926 ] }, { "date": "2026-07-24", "close": 105.834, "volume": 1999, "typical_volume": 6376.7, "trend": 98.666415, "fair_value": 83.946418, "relative_strength": -0.089198, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.812841, "energy": 65.361461, "activity_lines": [ 105.998067, 105.641436, 103.518271, 101.227252 ] }, { "date": "2026-07-31", "close": 104.492996, "volume": 7095, "typical_volume": 6387.3, "trend": 99.021975, "fair_value": 84.204216, "relative_strength": -2.120948, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.324318, "energy": 60.231716, "activity_lines": [ 105.546666, 105.487854, 103.877671, 101.603161 ] }, { "date": "2026-08-07", "close": 108.514999, "volume": 17255, "typical_volume": 7213.4, "trend": 99.43025, "fair_value": 84.491303, "relative_strength": 0.536752, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.418641, "energy": 67.837218, "activity_lines": [ 106.439399, 106.063963, 104.571156, 102.215614 ] } ], "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." } } }