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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^NSEI", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 61.287, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -54.92, "architecture_energy": 52.078, "architecture_maturity": 5.709, "architecture_confidence": 51.526, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 34.43, "rotation_up": 6.18, "upward_expansion": 13.73, "deceleration": 50.48, "rotation_down": 70.19, "downward_expansion": 72.73 }, "activity_lines": [ 1251.37334, 1286.688608, 1295.449519, 1294.690811 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 1238.0, "trend_reference": 1298.18776, "distance_from_trend": -0.046363, "trend_direction": "Improving", "fair_value": 1157.494164, "distance_from_fair_value": 0.069552, "fair_value_direction": "Weakening", "relative_strength": -0.677881, "relative_strength_direction": "Weakening", "price_momentum": -0.077221, "excess_performance": -0.033512, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.046363, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.01199, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.069552, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.053976, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.006779, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.081131, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.077221, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.301696, "read": "Demand-led" } ], "volume": { "latest": 25178334, "relative_activity": 0.912061, "balance": 1.301696, "dry_up": 1.467525, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.040977, "annualized_volatility": 0.300465, "from_high_reference": -0.127124, "from_low_reference": 0.18753 }, "levels": { "trend_reference": 1298.18776, "fair_value_reference": 1157.494164, 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14.087138, "activity_lines": [ 1298.658008, 1315.295242, 1306.446973, 1303.232027 ] }, { "date": "2026-07-31", "close": 1229.5, "volume": 36537537, "typical_volume": 28159736.9, "trend": 1299.321094, "fair_value": 1155.5562, "relative_strength": -0.340366, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -39.822861, "energy": 35.040423, "activity_lines": [ 1268.711051, 1299.711015, 1300.620151, 1298.64701 ] }, { "date": "2026-08-07", "close": 1238.0, "volume": 25178334, "typical_volume": 27605981.25, "trend": 1298.18776, "fair_value": 1157.494164, "relative_strength": -0.677881, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.920294, "energy": 52.078171, "activity_lines": [ 1251.37334, 1286.688608, 1295.449519, 1294.690811 ] } ], "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." } } }