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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^SSMI", "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": 88.525, "architecture_energy": 71.95, "architecture_maturity": 70.954, "architecture_confidence": 80.393, "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": 8.4, "rotation_up": 61.3, "upward_expansion": 85.33, "deceleration": 68.09, "rotation_down": 27.38, "downward_expansion": 12.0 }, "activity_lines": [ 115.982668, 115.153544, 113.056336, 110.284662 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 118.760002, "trend_reference": 107.113582, "distance_from_trend": 0.10873, "trend_direction": "Improving", "fair_value": 93.146925, "distance_from_fair_value": 0.274975, "fair_value_direction": "Improving", "relative_strength": 2.581043, "relative_strength_direction": "Weakening", "price_momentum": 0.172652, "excess_performance": 0.089769, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.10873, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.03785, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.274975, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.062535, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.02581, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.029726, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.172652, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.397737, "read": "Demand-led" } ], "volume": { "latest": 58369, "relative_activity": 1.255796, "balance": 3.397737, "dry_up": 1.65249, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.018667, "annualized_volatility": 0.116987, "from_high_reference": -0.004359, "from_low_reference": 0.235939 }, "levels": { "trend_reference": 107.113582, "fair_value_reference": 93.146925, "structural_low": 96.43, 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113.466486, 110.188545, 107.838053 ] }, { "date": "2026-07-17", "close": 114.220001, "volume": 62331, "typical_volume": 48071.55, "trend": 105.894383, "fair_value": 92.310468, "relative_strength": -0.014078, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.150207, "energy": 69.089398, "activity_lines": [ 114.449334, 113.771137, 110.878785, 108.400069 ] }, { "date": "2026-07-24", "close": 115.32, "volume": 137968, "typical_volume": 49771.15, "trend": 106.3087, "fair_value": 92.58026, "relative_strength": 1.052251, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.261088, "energy": 71.268628, "activity_lines": [ 114.774667, 114.175243, 111.605873, 109.008173 ] }, { "date": "2026-07-31", "close": 114.0, "volume": 48561, "typical_volume": 47949.15, "trend": 106.665719, "fair_value": 92.846377, "relative_strength": -0.164742, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.67361, "energy": 62.947923, "activity_lines": [ 114.617334, 114.255086, 112.139129, 109.504386 ] }, { "date": "2026-08-07", "close": 118.760002, "volume": 58369, "typical_volume": 46479.7, "trend": 107.113582, "fair_value": 93.146925, "relative_strength": 2.581043, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.525471, "energy": 71.950002, "activity_lines": [ 115.982668, 115.153544, 113.056336, 110.284662 ] } ], "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." } } }