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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GDAXI", "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": 83.745, "architecture_energy": 67.127, "architecture_maturity": 84.414, "architecture_confidence": 73.212, "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": 15.02, "rotation_up": 53.31, "upward_expansion": 82.95, "deceleration": 71.31, "rotation_down": 29.12, "downward_expansion": 11.95 }, "activity_lines": [ 106.494334, 106.088182, 104.581795, 102.216168 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 108.635002, "trend_reference": 99.421038, "distance_from_trend": 0.092676, "trend_direction": "Improving", "fair_value": 84.571009, "distance_from_fair_value": 0.284542, "fair_value_direction": "Improving", "relative_strength": 3.947049, "relative_strength_direction": "Weakening", "price_momentum": 0.154804, "excess_performance": 0.090164, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.092676, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.041072, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.284542, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.033049, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.03947, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.055249, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.154804, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.219391, "read": "Demand-led" } ], "volume": { "latest": 17817, "relative_activity": 1.385556, "balance": 2.219391, "dry_up": 1.028766, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.017982, "annualized_volatility": 0.118423, "from_high_reference": -0.004581, "from_low_reference": 0.245064 }, "levels": { "trend_reference": 99.421038, "fair_value_reference": 84.571009, "structural_low": 89.482002, 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"upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.420776, "energy": 64.509895, "activity_lines": [ 105.971002, 105.620728, 103.50369, 101.211082 ] }, { "date": "2026-07-31", "close": 104.599998, "volume": 15234, "typical_volume": 12220.85, "trend": 99.007058, "fair_value": 84.283045, "relative_strength": 3.031813, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.847347, "energy": 59.090161, "activity_lines": [ 105.559, 105.489182, 103.876224, 101.59501 ] }, { "date": "2026-08-07", "close": 108.635002, "volume": 17817, "typical_volume": 12859.1, "trend": 99.421038, "fair_value": 84.571009, "relative_strength": 3.947049, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.745151, "energy": 67.126865, "activity_lines": [ 106.494334, 106.088182, 104.581795, 102.216168 ] } ], "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." } } }