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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": 80.776, "architecture_energy": 59.502, "architecture_maturity": 79.822, "architecture_confidence": 73.647, "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": 13.24, "rotation_up": 53.11, "upward_expansion": 83.24, "deceleration": 68.33, "rotation_down": 28.72, "downward_expansion": 9.91 }, "activity_lines": [ 123.177333, 122.770762, 120.851286, 118.299464 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 125.639999, "trend_reference": 115.471102, "distance_from_trend": 0.088064, "trend_direction": "Improving", "fair_value": 94.556399, "distance_from_fair_value": 0.328731, "fair_value_direction": "Improving", "relative_strength": -0.416642, "relative_strength_direction": "Improving", "price_momentum": 0.126008, "excess_performance": 0.005587, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.088064, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.037219, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.328731, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.029209, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.004166, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.016797, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.126008, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.164384, "read": "Demand-led" } ], "volume": { "latest": 48100, "relative_activity": 0.721897, "balance": 5.164384, "dry_up": 0.688128, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.021378, "annualized_volatility": 0.135894, "from_high_reference": -0.008836, "from_low_reference": 0.238618 }, "levels": { "trend_reference": 115.471102, "fair_value_reference": 94.556399, 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59100, "typical_volume": 84605.0, "trend": 114.256086, "fair_value": 93.546768, "relative_strength": -1.230703, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.81138, "energy": 63.160235, "activity_lines": [ 122.588606, 121.835428, 118.943759, 116.669655 ] }, { "date": "2026-07-24", "close": 121.239998, "volume": 33900, "typical_volume": 78065.0, "trend": 114.631435, "fair_value": 93.867985, "relative_strength": -1.375267, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.5131, "energy": 58.444193, "activity_lines": [ 122.126667, 121.880865, 119.472792, 117.12023 ] }, { "date": "2026-07-31", "close": 122.32, "volume": 42300, "typical_volume": 71860.0, "trend": 115.050435, "fair_value": 94.201706, "relative_strength": 0.01692, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.684516, "energy": 51.887599, "activity_lines": [ 122.15, 122.051552, 120.040349, 117.616266 ] }, { "date": "2026-08-07", "close": 125.639999, "volume": 48100, "typical_volume": 66630.0, "trend": 115.471102, "fair_value": 94.556399, "relative_strength": -0.416642, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.776161, "energy": 59.50201, "activity_lines": [ 123.177333, 122.770762, 120.851286, 118.299464 ] } ], "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." } } }