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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "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": 61.75, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "up", "architecture_direction": 81.718, "architecture_energy": 69.437, "architecture_maturity": 25.633, "architecture_confidence": 71.62, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 23.3, "rotation_up": 63.87, "upward_expansion": 85.25, "deceleration": 49.13, "rotation_down": 15.36, "downward_expansion": 14.25 }, "activity_lines": [ 721.046659, 709.794548, 694.319527, 682.949894 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 760.799988, "trend_reference": 679.036668, "distance_from_trend": 0.120411, "trend_direction": "Improving", "fair_value": 548.364423, "distance_from_fair_value": 0.387399, "fair_value_direction": "Improving", "relative_strength": -3.892458, "relative_strength_direction": "Improving", "price_momentum": 0.085152, "excess_performance": -0.08574, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.120411, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.013064, "read": "Rising" }, { "label": "Price vs 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36.853961, "energy": 26.349572, "activity_lines": [ 702.186666, 697.801824, 685.325242, 677.621078 ] }, { "date": "2026-08-07", "close": 760.799988, "volume": 163, "typical_volume": 724.3, "trend": 679.036668, "fair_value": 548.364423, "relative_strength": -3.892458, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.717853, "energy": 69.436668, "activity_lines": [ 721.046659, 709.794548, 694.319527, 682.949894 ] } ], "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." } } }