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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^BVSP", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 80.539, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 66.334, "architecture_energy": 63.26, "architecture_maturity": 11.565, "architecture_confidence": 82.854, "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": 14.79, "rotation_up": 67.59, "upward_expansion": 88.42, "deceleration": 46.76, "rotation_down": 15.42, "downward_expansion": 12.75 }, "activity_lines": [ 91.223333, 90.042182, 86.715862, 85.013759 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 91.699997, "trend_reference": 83.777736, "distance_from_trend": 0.094563, "trend_direction": "Weakening", "fair_value": 81.720637, "distance_from_fair_value": 0.122116, "fair_value_direction": "Improving", "relative_strength": 0.334056, "relative_strength_direction": "Improving", "price_momentum": 0.072049, "excess_performance": 0.129097, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.094563, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.012176, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.122116, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.134237, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.003341, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.275761, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.072049, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.139446, "read": "Demand-led" } ], "volume": { "latest": 65751, "relative_activity": 0.906718, "balance": 3.139446, "dry_up": 0.824401, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.046629, "annualized_volatility": 0.247163, "from_high_reference": -0.075315, "from_low_reference": 0.212847 }, "levels": { "trend_reference": 83.777736, "fair_value_reference": 81.720637, "structural_low": 75.607197, 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"2026-07-17", "close": 90.910004, "volume": 52760, "typical_volume": 83039.5, "trend": 84.145766, "fair_value": 81.055134, "relative_strength": -3.098168, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.401995, "energy": 66.868255, "activity_lines": [ 89.977334, 87.366909, 84.302545, 83.584983 ] }, { "date": "2026-07-24", "close": 89.690002, "volume": 31378, "typical_volume": 77320.15, "trend": 83.829804, "fair_value": 81.278449, "relative_strength": -3.82902, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 64.172267, "energy": 71.364369, "activity_lines": [ 90.143335, 88.128182, 84.988373, 83.942676 ] }, { "date": "2026-07-31", "close": 92.56, "volume": 89238, "typical_volume": 76484.6, "trend": 83.828401, "fair_value": 81.504412, "relative_strength": -2.320954, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.398692, "energy": 68.319383, "activity_lines": [ 90.969335, 89.261092, 85.919598, 84.505914 ] }, { "date": "2026-08-07", "close": 91.699997, "volume": 65751, "typical_volume": 72515.4, "trend": 83.777736, "fair_value": 81.720637, "relative_strength": 0.334056, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.333562, "energy": 63.260447, "activity_lines": [ 91.223333, 90.042182, 86.715862, 85.013759 ] } ], "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." } } }