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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^AEX", "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": 82.152, "architecture_energy": 63.831, "architecture_maturity": 84.928, "architecture_confidence": 68.105, "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": 14.85, "rotation_up": 52.4, "upward_expansion": 81.91, "deceleration": 71.26, "rotation_down": 28.82, "downward_expansion": 10.91 }, "activity_lines": [ 124.711533, 124.234311, 122.474153, 119.75142 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 127.249001, "trend_reference": 116.538865, "distance_from_trend": 0.091902, "trend_direction": "Improving", "fair_value": 99.152762, "distance_from_fair_value": 0.283363, "fair_value_direction": "Improving", "relative_strength": 0.520221, "relative_strength_direction": "Weakening", "price_momentum": 0.152678, "excess_performance": 0.036016, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.091902, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040234, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.283363, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.034056, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.005202, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.033567, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.152678, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.406987, "read": "Demand-led" } ], "volume": { "latest": 223007, "relative_activity": 1.15097, "balance": 2.406987, "dry_up": 1.168545, "accumulation_observations": 6, "distribution_observations": 2 }, "risk": { "range_context": 0.019479, "annualized_volatility": 0.118559, "from_high_reference": -0.005277, "from_low_reference": 0.242921 }, "levels": { "trend_reference": 116.538865, "fair_value_reference": 99.152762, "structural_low": 105.028999, 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"activity_lines": [ 124.100665, 123.680727, 121.223763, 118.590699 ] }, { "date": "2026-07-31", "close": 122.459, "volume": 203369, "typical_volume": 196523.75, "trend": 116.063313, "fair_value": 98.816833, "relative_strength": -2.19656, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.171084, "energy": 56.067972, "activity_lines": [ 123.605532, 123.524059, 121.650163, 119.029763 ] }, { "date": "2026-08-07", "close": 127.249001, "volume": 223007, "typical_volume": 193755.7, "trend": 116.538865, "fair_value": 99.152762, "relative_strength": 0.520221, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.151754, "energy": 63.831085, "activity_lines": [ 124.711533, 124.234311, 122.474153, 119.75142 ] } ], "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." } } }