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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GSPTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 76.818, "architecture_energy": 56.859, "architecture_maturity": 86.495, "architecture_confidence": 59.397, "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": 18.65, "rotation_up": 48.05, "upward_expansion": 76.31, "deceleration": 71.46, "rotation_down": 29.29, "downward_expansion": 14.31 }, "activity_lines": [ 306.643329, 305.995038, 301.115132, 293.722683 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 312.299988, "trend_reference": 285.324244, "distance_from_trend": 0.094544, "trend_direction": "Improving", "fair_value": 232.563975, "distance_from_fair_value": 0.342856, "fair_value_direction": "Improving", "relative_strength": -0.020156, "relative_strength_direction": "Improving", "price_momentum": 0.147887, "excess_performance": 0.027466, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.094544, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.039254, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.342856, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.022295, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.000202, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.012843, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.147887, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.086592, "read": "Demand-led" } ], "volume": { "latest": 6500, "relative_activity": 0.414013, "balance": 3.086592, "dry_up": 0.890127, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.02301, "annualized_volatility": 0.132854, "from_high_reference": -0.011959, "from_low_reference": 0.239769 }, "levels": { "trend_reference": 285.324244, "fair_value_reference": 232.563975, "structural_low": 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283.143086, "fair_value": 230.743973, "relative_strength": -0.7267, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.091665, "energy": 61.571043, "activity_lines": [ 304.988662, 304.361176, 297.653173, 290.591689 ] }, { "date": "2026-07-31", "close": 303.600006, "volume": 24000, "typical_volume": 15975.0, "trend": 284.226506, "fair_value": 231.6264, "relative_strength": 0.270028, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.080162, "energy": 52.278967, "activity_lines": [ 304.450665, 304.435367, 299.068181, 291.91149 ] }, { "date": "2026-08-07", "close": 312.299988, "volume": 6500, "typical_volume": 15700.0, "trend": 285.324244, "fair_value": 232.563975, "relative_strength": -0.020156, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.81804, "energy": 56.859195, "activity_lines": [ 306.643329, 305.995038, 301.115132, 293.722683 ] } ], "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." } } }