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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": 88.053, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 79.187, "architecture_energy": 75.853, "architecture_maturity": 14.864, "architecture_confidence": 74.185, "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": 8.51, "rotation_up": 81.43, "upward_expansion": 93.1, "deceleration": 46.03, "rotation_down": 11.07, "downward_expansion": 15.1 }, "activity_lines": [ 179.200668, 175.678024, 167.7241, 163.793494 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 182.5, "trend_reference": 160.679434, "distance_from_trend": 0.135802, "trend_direction": "Improving", "fair_value": 129.83653, "distance_from_fair_value": 0.405614, "fair_value_direction": "Improving", "relative_strength": 7.41168, "relative_strength_direction": "Improving", "price_momentum": 0.084037, "excess_performance": 0.141085, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.135802, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.004216, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.405614, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.186103, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.074117, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.288402, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.084037, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.343646, "read": "Demand-led" } ], "volume": { "latest": 199136, "relative_activity": 1.620339, "balance": 1.343646, "dry_up": 2.058689, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.039023, "annualized_volatility": 0.193924, "from_high_reference": -0.015907, "from_low_reference": 0.262444 }, "levels": { "trend_reference": 160.679434, "fair_value_reference": 129.83653, "structural_low": 144.560907, 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111667.7, "trend": 160.420732, "fair_value": 128.454398, "relative_strength": 4.463777, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 83.49831, "energy": 89.018389, "activity_lines": [ 175.481647, 170.963279, 163.773674, 161.201985 ] }, { "date": "2026-07-31", "close": 178.58, "volume": 460325, "typical_volume": 121176.95, "trend": 160.490869, "fair_value": 129.132839, "relative_strength": 1.701973, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.348376, "energy": 76.384865, "activity_lines": [ 176.985335, 173.19878, 165.628784, 162.37355 ] }, { "date": "2026-08-07", "close": 182.5, "volume": 199136, "typical_volume": 122897.75, "trend": 160.679434, "fair_value": 129.83653, "relative_strength": 7.41168, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.187008, "energy": 75.853244, "activity_lines": [ 179.200668, 175.678024, 167.7241, 163.793494 ] } ], "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." } } }