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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^FCHI", "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": 77.054, "architecture_energy": 47.446, "architecture_maturity": 78.916, "architecture_confidence": 69.638, "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": 21.74, "rotation_up": 49.31, "upward_expansion": 75.37, "deceleration": 68.33, "rotation_down": 27.52, "downward_expansion": 11.04 }, "activity_lines": [ 147.021331, 146.602999, 144.272833, 141.834591 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 151.089996, "trend_reference": 138.926334, "distance_from_trend": 0.087555, "trend_direction": "Improving", "fair_value": 113.747965, "distance_from_fair_value": 0.328287, "fair_value_direction": "Improving", "relative_strength": 7.299064, "relative_strength_direction": "Weakening", "price_momentum": 0.118605, "excess_performance": 0.065294, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.087555, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.055277, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.328287, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.051085, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.072991, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.046241, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.118605, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.02515, "read": "Demand-led" } ], "volume": { "latest": 35200, "relative_activity": 1.81954, "balance": 3.02515, "dry_up": 1.337375, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.028651, "annualized_volatility": 0.19556, "from_high_reference": -0.001586, "from_low_reference": 0.297801 }, "levels": { "trend_reference": 138.926334, "fair_value_reference": 113.747965, "structural_low": 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134.539667, "fair_value": 111.662036, "relative_strength": 9.922489, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.710646, "energy": 75.395361, "activity_lines": [ 145.095333, 143.259545, 139.851286, 137.840484 ] }, { "date": "2026-07-03", "close": 148.100006, "volume": 697, "typical_volume": 17830.0, "trend": 135.349501, "fair_value": 112.020978, "relative_strength": 9.688722, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.689054, "energy": 82.554116, "activity_lines": [ 146.369669, 144.50391, 140.805762, 138.715345 ] }, { "date": "2026-07-10", "close": 148.309998, "volume": 30033, "typical_volume": 18342.1, "trend": 136.174334, "fair_value": 112.386907, "relative_strength": 11.528291, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.936206, "energy": 82.856825, "activity_lines": [ 147.321668, 145.513728, 141.748595, 139.551506 ] }, { "date": "2026-07-17", "close": 142.460007, "volume": 19450, "typical_volume": 18574.7, "trend": 136.801501, "fair_value": 112.7096, "relative_strength": 6.704615, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.936264, "energy": 51.081275, "activity_lines": [ 145.960003, 145.230001, 142.09162, 139.957033 ] }, { "date": "2026-07-24", "close": 145.759995, "volume": 21718, "typical_volume": 18517.7, "trend": 137.549834, "fair_value": 113.033959, "relative_strength": 8.332004, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.831085, "energy": 47.190244, "activity_lines": [ 145.698, 145.496546, 142.7445, 140.535001 ] }, { "date": "2026-07-31", "close": 144.839996, "volume": 27121, "typical_volume": 18968.9, "trend": 138.236501, "fair_value": 113.370305, "relative_strength": 5.628706, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.877685, "energy": 33.862898, "activity_lines": [ 145.289332, 145.511273, 143.242405, 141.005334 ] }, { "date": "2026-08-07", "close": 151.089996, "volume": 35200, "typical_volume": 19345.55, "trend": 138.926334, "fair_value": 113.747965, "relative_strength": 7.299064, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.054466, "energy": 47.445663, "activity_lines": [ 147.021331, 146.602999, 144.272833, 141.834591 ] } ], "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." } } }