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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^N225", "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": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 66.173, "architecture_energy": 55.785, "architecture_maturity": 41.208, "architecture_confidence": 82.198, "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": 10.95, "rotation_up": 67.07, "upward_expansion": 84.1, "deceleration": 59.07, "rotation_down": 17.0, "downward_expansion": 8.44 }, "activity_lines": [ 742.966272, 728.732365, 698.66734, 676.369467 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 746.299988, "trend_reference": 652.652537, "distance_from_trend": 0.143487, "trend_direction": "Improving", "fair_value": 406.908859, "distance_from_fair_value": 0.834072, "fair_value_direction": "Improving", "relative_strength": 8.308933, "relative_strength_direction": "Improving", "price_momentum": 0.160653, "excess_performance": -0.048605, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.143487, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.115912, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.834072, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.131397, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.083089, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.125215, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.160653, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.296109, "read": "Demand-led" } ], "volume": { "latest": 21870920, "relative_activity": 1.196471, "balance": 1.296109, "dry_up": 1.817212, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.057689, "annualized_volatility": 0.277478, "from_high_reference": -0.04833, "from_low_reference": 0.739222 }, "levels": { "trend_reference": 652.652537, "fair_value_reference": 406.908859, 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"relative_strength": 14.538535, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.019646, "energy": 84.740106, "activity_lines": [ 736.715772, 716.531501, 683.47378, 664.102269 ] }, { "date": "2026-07-31", "close": 730.0, "volume": 31907030, "typical_volume": 17855172.5, "trend": 646.442537, "fair_value": 403.553343, "relative_strength": 8.233494, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.043837, "energy": 64.67397, "activity_lines": [ 738.706356, 721.633752, 690.680085, 669.927051 ] }, { "date": "2026-08-07", "close": 746.299988, "volume": 21870920, "typical_volume": 18279525.5, "trend": 652.652537, "fair_value": 406.908859, "relative_strength": 8.308933, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.173333, "energy": 55.784663, "activity_lines": [ 742.966272, 728.732365, 698.66734, 676.369467 ] } ], "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." } } }