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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^SET.BK", "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": 59.625, "architecture_energy": 45.63, "architecture_maturity": 50.242, "architecture_confidence": 70.602, "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": 11.49, "rotation_up": 50.39, "upward_expansion": 80.21, "deceleration": 65.95, "rotation_down": 25.22, "downward_expansion": 6.88 }, "activity_lines": [ 11.733333, 11.661818, 11.30734, 11.020083 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 11.7, "trend_reference": 10.760048, "distance_from_trend": 0.087356, "trend_direction": "Improving", "fair_value": 9.265059, "distance_from_fair_value": 0.262809, "fair_value_direction": "Improving", "relative_strength": -0.61347, "relative_strength_direction": "Improving", "price_momentum": 0.042781, "excess_performance": -0.149544, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.087356, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.077883, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.262809, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.170775, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.006135, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.121152, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.042781, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.520026, "read": "Demand-led" } ], "volume": { "latest": 68373700, "relative_activity": 1.250838, "balance": 1.520026, "dry_up": 1.010277, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.048323, "annualized_volatility": 0.248314, "from_high_reference": -0.040984, "from_low_reference": 0.378788 }, "levels": { "trend_reference": 10.760048, "fair_value_reference": 9.265059, "structural_low": 9.004286, 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"typical_volume": 57651085.0, "trend": 10.520143, "fair_value": 9.210535, "relative_strength": -2.587666, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.667987, "energy": 67.093093, "activity_lines": [ 11.693333, 11.490909, 11.018503, 10.802283 ] }, { "date": "2026-07-24", "close": 11.8, "volume": 55819000, "typical_volume": 55766755.0, "trend": 10.613333, "fair_value": 9.2281, "relative_strength": -1.887488, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.114008, "energy": 70.219643, "activity_lines": [ 11.766667, 11.572727, 11.131517, 10.884854 ] }, { "date": "2026-07-31", "close": 11.7, "volume": 43465400, "typical_volume": 54038830.0, "trend": 10.690619, "fair_value": 9.246061, "relative_strength": -1.480713, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.492764, "energy": 52.761996, "activity_lines": [ 11.766667, 11.62, 11.224612, 10.954962 ] }, { "date": "2026-08-07", "close": 11.7, "volume": 68373700, "typical_volume": 54662330.0, "trend": 10.760048, "fair_value": 9.265059, "relative_strength": -0.61347, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.62485, "energy": 45.629838, "activity_lines": [ 11.733333, 11.661818, 11.30734, 11.020083 ] } ], "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." } } }