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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^OMX", "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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 69.578, "architecture_energy": 55.543, "architecture_maturity": 26.352, "architecture_confidence": 78.919, "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": 16.91, "rotation_up": 60.15, "upward_expansion": 81.77, "deceleration": 61.83, "rotation_down": 20.91, "downward_expansion": 8.44 }, "activity_lines": [ 279.480003, 277.607271, 269.14238, 264.860999 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 282.200012, "trend_reference": 261.488547, "distance_from_trend": 0.079206, "trend_direction": "Improving", "fair_value": 255.771522, "distance_from_fair_value": 0.103329, "fair_value_direction": "Improving", "relative_strength": -1.989568, "relative_strength_direction": "Improving", "price_momentum": 0.048907, "excess_performance": -0.012587, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.079206, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.026954, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.103329, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.130399, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.019896, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.091997, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.048907, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.892886, "read": "Demand-led" } ], "volume": { "latest": 4888771, "relative_activity": 0.812808, "balance": 3.892886, "dry_up": 1.101341, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.033473, "annualized_volatility": 0.185764, "from_high_reference": -0.011905, "from_low_reference": 0.238608 }, "levels": { "trend_reference": 261.488547, "fair_value_reference": 255.771522, 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"activity_lines": [ 278.973324, 272.790903, 263.407021, 261.220328 ] }, { "date": "2026-07-24", "close": 276.299988, "volume": 6731084, "typical_volume": 6276687.2, "trend": 259.732595, "fair_value": 255.173232, "relative_strength": -0.914899, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.354603, "energy": 71.850358, "activity_lines": [ 278.753323, 274.439992, 265.207239, 262.336967 ] }, { "date": "2026-07-31", "close": 277.200012, "volume": 5207538, "typical_volume": 6202273.5, "trend": 260.54493, "fair_value": 255.466533, "relative_strength": -1.902139, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.555799, "energy": 52.748504, "activity_lines": [ 278.246663, 275.749086, 266.993359, 263.463897 ] }, { "date": "2026-08-07", "close": 282.200012, "volume": 4888771, "typical_volume": 6014670.8, "trend": 261.488547, "fair_value": 255.771522, "relative_strength": -1.989568, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.57833, "energy": 55.542789, "activity_lines": [ 279.480003, 277.607271, 269.14238, 264.860999 ] } ], "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." } } }