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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "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": 86.858, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 55.586, "architecture_energy": 30.481, "architecture_maturity": 23.35, "architecture_confidence": 57.094, "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": 28.02, "rotation_up": 45.44, "upward_expansion": 73.76, "deceleration": 63.47, "rotation_down": 21.04, "downward_expansion": 2.76 }, "activity_lines": [ 118.096224, 117.944182, 115.892791, 114.485688 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 119.75, "trend_reference": 113.226139, "distance_from_trend": 0.057618, "trend_direction": "Improving", "fair_value": 109.69823, "distance_from_fair_value": 0.091631, "fair_value_direction": "Improving", "relative_strength": -6.946793, "relative_strength_direction": "Improving", "price_momentum": 0.006981, "excess_performance": -0.180473, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.057618, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040101, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.091631, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.025245, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.069468, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.083985, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.006981, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.102055, "read": "Demand-led" } ], "volume": { "latest": 1044347, "relative_activity": 1.021829, "balance": 1.102055, "dry_up": 0.869228, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.059628, "annualized_volatility": 0.240694, "from_high_reference": -0.050079, "from_low_reference": 0.271643 }, "levels": { "trend_reference": 113.226139, "fair_value_reference": 109.69823, "structural_low": 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52.349277, "energy": 53.794142, "activity_lines": [ 117.962288, 115.675505, 113.83057, 112.93923 ] }, { "date": "2026-07-17", "close": 118.27, "volume": 696654, "typical_volume": 995479.6, "trend": 112.031873, "fair_value": 109.211484, "relative_strength": -5.738117, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.463602, "energy": 48.821515, "activity_lines": [ 118.132575, 116.394856, 114.42137, 113.365654 ] }, { "date": "2026-07-24", "close": 119.76, "volume": 606445, "typical_volume": 992675.9, "trend": 112.453317, "fair_value": 109.394, "relative_strength": -2.557584, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.840763, "energy": 35.52351, "activity_lines": [ 118.55555, 117.319116, 115.11696, 113.864243 ] }, { "date": "2026-07-31", "close": 115.15, "volume": 1206088, "typical_volume": 1011399.3, "trend": 112.814282, "fair_value": 109.54452, "relative_strength": -6.345828, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.868147, "energy": 26.478734, "activity_lines": [ 117.304352, 117.259558, 115.314406, 114.038223 ] }, { "date": "2026-08-07", "close": 119.75, "volume": 1044347, "typical_volume": 1022037.05, "trend": 113.226139, "fair_value": 109.69823, "relative_strength": -6.946793, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.586028, "energy": 30.481283, "activity_lines": [ 118.096224, 117.944182, 115.892791, 114.485688 ] } ], "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." } } }