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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-10-09", "benchmark": "^OMXC25", "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": 86.439, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 60.418, "architecture_energy": 49.845, "architecture_maturity": 47.786, "architecture_confidence": 65.12, "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": 19.19, "rotation_up": 54.41, "upward_expansion": 78.33, "deceleration": 71.22, "rotation_down": 21.28, "downward_expansion": 7.33 }, "activity_lines": [ 405.233333, 403.527273, 390.780952, 384.155557 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 396.5, "trend_reference": 378.406152, "distance_from_trend": 0.047816, "trend_direction": "Improving", "fair_value": 297.256166, "distance_from_fair_value": 0.333866, "fair_value_direction": "Improving", "relative_strength": 5.132698, "relative_strength_direction": "Improving", "price_momentum": 0.022075, "excess_performance": -0.017499, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.047816, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.023826, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.333866, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.002147, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.051327, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.043502, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.022075, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.139592, "read": "Demand-led" } ], "volume": { "latest": 60729, "relative_activity": 1.731145, "balance": 1.139592, "dry_up": 2.306255, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.039577, "annualized_volatility": 0.193005, "from_high_reference": -0.088506, "from_low_reference": 0.372188 }, "levels": { "trend_reference": 378.406152, "fair_value_reference": 297.256166, "structural_low": 340.5, 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397.845455, 383.411632, 379.071896 ] }, { "date": "2026-09-25", "close": 412.0, "volume": 73479, "typical_volume": 36843.8, "trend": 376.089884, "fair_value": 294.425991, "relative_strength": 9.41754, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.605012, "energy": 86.697557, "activity_lines": [ 413.466667, 402.1, 386.976095, 381.506912 ] }, { "date": "2026-10-02", "close": 398.0, "volume": 63345, "typical_volume": 37640.3, "trend": 377.356124, "fair_value": 295.864795, "relative_strength": 6.278146, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.932539, "energy": 63.56582, "activity_lines": [ 409.7, 403.209091, 389.011905, 382.920468 ] }, { "date": "2026-10-09", "close": 396.5, "volume": 60729, "typical_volume": 35080.25, "trend": 378.406152, "fair_value": 297.256166, "relative_strength": 5.132698, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.417594, "energy": 49.845293, "activity_lines": [ 405.233333, 403.527273, 390.780952, 384.155557 ] } ], "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." } } }