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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^OMX", "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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 68.075, "architecture_energy": 54.946, "architecture_maturity": 25.982, "architecture_confidence": 74.597, "architecture_tenure": "Developing", "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": 17.08, "rotation_up": 60.09, "upward_expansion": 81.73, "deceleration": 62.0, "rotation_down": 20.62, "downward_expansion": 8.4 }, "activity_lines": [ 279.366667, 277.454545, 268.995238, 264.803372 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 281.5, "trend_reference": 261.46473, "distance_from_trend": 0.076627, "trend_direction": "Improving", "fair_value": 255.683415, "distance_from_fair_value": 0.100971, "fair_value_direction": "Improving", "relative_strength": -2.145922, "relative_strength_direction": "Improving", "price_momentum": 0.049089, "excess_performance": -0.012405, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.076627, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.027404, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.100971, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.128238, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.021459, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.090137, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.049089, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.032076, "read": "Demand-led" } ], "volume": { "latest": 41117, "relative_activity": 0.65747, "balance": 1.032076, "dry_up": 0.959984, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.033611, "annualized_volatility": 0.181196, "from_high_reference": -0.012281, "from_low_reference": 0.230577 }, "levels": { "trend_reference": 261.46473, "fair_value_reference": 255.683415, "structural_low": 233.580526, 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"regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.188419, "energy": 83.95866, "activity_lines": [ 278.566667, 272.454545, 263.242649, 261.134693 ] }, { "date": "2026-07-24", "close": 276.5, "volume": 50701, "typical_volume": 61878.6, "trend": 259.67371, "fair_value": 255.076714, "relative_strength": -0.750531, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.333133, "energy": 71.610185, "activity_lines": [ 278.5, 274.190909, 265.057174, 262.26897 ] }, { "date": "2026-07-31", "close": 278.0, "volume": 45837, "typical_volume": 61972.8, "trend": 260.54306, "fair_value": 255.380487, "relative_strength": -1.535238, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.680573, "energy": 53.137947, "activity_lines": [ 278.333333, 275.690909, 266.918189, 263.451311 ] }, { "date": "2026-08-07", "close": 281.5, "volume": 41117, "typical_volume": 62538.25, "trend": 261.46473, "fair_value": 255.683415, "relative_strength": -2.145922, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.074963, "energy": 54.94616, "activity_lines": [ 279.366667, 277.454545, 268.995238, 264.803372 ] } ], "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." } } }