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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^NSEI", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 82.357, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 68.371, "architecture_energy": 47.327, "architecture_maturity": 52.234, "architecture_confidence": 55.907, "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": 23.7, "rotation_up": 46.77, "upward_expansion": 73.81, "deceleration": 71.05, "rotation_down": 26.6, "downward_expansion": 11.81 }, "activity_lines": [ 5207.533333, 5204.694549, 4956.708101, 4820.286901 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 5333.0, "trend_reference": 4713.216699, "distance_from_trend": 0.131499, "trend_direction": "Weakening", "fair_value": 4407.209199, "distance_from_fair_value": 0.210063, "fair_value_direction": "Improving", "relative_strength": 5.931273, "relative_strength_direction": "Improving", "price_momentum": 0.086283, "excess_performance": 0.129993, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.131499, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.017421, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.210063, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.134143, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.059313, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.167178, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.086283, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.56868, "read": "Supply-led" } ], "volume": { "latest": 3580710, "relative_activity": 0.731061, "balance": 0.56868, "dry_up": 1.01108, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.054172, "annualized_volatility": 0.308935, "from_high_reference": -0.144324, "from_low_reference": 0.369121 }, "levels": { "trend_reference": 4713.216699, "fair_value_reference": 4407.209199, 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"2026-07-24", "close": 4985.0, "volume": 7795323, "typical_volume": 5558158.05, "trend": 4694.750033, "fair_value": 4372.057378, "relative_strength": 1.958052, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.489466, "energy": 69.562408, "activity_lines": [ 5210.533333, 5107.396369, 4846.169057, 4748.523465 ] }, { "date": "2026-07-31", "close": 5171.0, "volume": 3924407, "typical_volume": 5107204.55, "trend": 4696.916699, "fair_value": 4389.123657, "relative_strength": 3.313575, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.174061, "energy": 46.659805, "activity_lines": [ 5172.733333, 5147.976367, 4896.135721, 4779.249269 ] }, { "date": "2026-08-07", "close": 5333.0, "volume": 3580710, "typical_volume": 4897963.35, "trend": 4713.216699, "fair_value": 4407.209199, "relative_strength": 5.931273, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.371185, "energy": 47.32666, "activity_lines": [ 5207.533333, 5204.694549, 4956.708101, 4820.286901 ] } ], "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." } } }