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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 57.04, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -36.066, "architecture_energy": 22.696, "architecture_maturity": 61.941, "architecture_confidence": 61.597, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 45.01, "rotation_up": 29.41, "upward_expansion": 19.47, "deceleration": 46.62, "rotation_down": 26.69, "downward_expansion": 58.13 }, "activity_lines": [ 73.778668, 72.297092, 74.324482, 76.64474 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 75.720001, "trend_reference": 79.183362, "distance_from_trend": -0.043738, "trend_direction": "Improving", "fair_value": 72.912436, "distance_from_fair_value": 0.038506, "fair_value_direction": "Weakening", "relative_strength": 3.863427, "relative_strength_direction": "Weakening", "price_momentum": -0.125156, "excess_performance": -0.081952, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.043738, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.01573, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.038506, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.076292, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.038634, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.057527, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.125156, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.864826, "read": "Supply-led" } ], "volume": { "latest": 170667198, "relative_activity": 1.195579, "balance": 0.864826, "dry_up": 1.405634, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.070119, "annualized_volatility": 0.323613, "from_high_reference": -0.206598, "from_low_reference": 0.284379 }, "levels": { "trend_reference": 79.183362, "fair_value_reference": 72.912436, 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69.694, 71.399034, 76.046184, 78.112614 ] }, { "date": "2026-07-17", "close": 70.040001, "volume": 197856192, "typical_volume": 148373681.7, "trend": 79.235903, "fair_value": 73.102267, "relative_strength": 1.329335, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.681537, "energy": 50.756716, "activity_lines": [ 69.680667, 70.755611, 75.156573, 77.525078 ] }, { "date": "2026-07-24", "close": 73.75, "volume": 248595562, "typical_volume": 150146795.2, "trend": 79.215168, "fair_value": 73.057244, "relative_strength": 4.998683, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.673623, "energy": 39.750586, "activity_lines": [ 71.012667, 71.008789, 74.722492, 77.171149 ] }, { "date": "2026-07-31", "close": 74.510002, "volume": 185489909, "typical_volume": 145646223.4, "trend": 79.174179, "fair_value": 72.982417, "relative_strength": 5.338683, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.383288, "energy": 29.110762, "activity_lines": [ 72.284667, 71.522728, 74.445324, 76.86759 ] }, { "date": "2026-08-07", "close": 75.720001, "volume": 170667198, "typical_volume": 142748520.05, "trend": 79.183362, "fair_value": 72.912436, "relative_strength": 3.863427, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.066271, "energy": 22.6961, "activity_lines": [ 73.778668, 72.297092, 74.324482, 76.64474 ] } ], "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." } } }