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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^BVSP", "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": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 56.117, "architecture_energy": 39.588, "architecture_maturity": 24.469, "architecture_confidence": 75.544, "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": 29.77, "rotation_up": 51.96, "upward_expansion": 75.92, "deceleration": 65.61, "rotation_down": 18.9, "downward_expansion": 4.92 }, "activity_lines": [ 82.122665, 81.469674, 78.55614, 77.359721 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.5 }, "latest_close": 81.449997, "trend_reference": 76.129895, "distance_from_trend": 0.069882, "trend_direction": "Improving", "fair_value": 68.902985, "distance_from_fair_value": 0.182097, "fair_value_direction": "Improving", "relative_strength": 13.063599, "relative_strength_direction": "Improving", "price_momentum": 0.040646, "excess_performance": 0.097694, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.069882, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.059403, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.182097, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.178238, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.130636, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.217867, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.040646, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.904576, "read": "Demand-led" } ], "volume": { "latest": 5416, "relative_activity": 0.51567, "balance": 1.904576, "dry_up": 0.81097, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.064771, "annualized_volatility": 0.292562, "from_high_reference": -0.057401, "from_low_reference": 0.588029 }, "levels": { "trend_reference": 76.129895, "fair_value_reference": 68.902985, "structural_low": 67.182628, 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75.877251, "fair_value": 68.778635, "relative_strength": 12.079293, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.803057, "energy": 44.927661, "activity_lines": [ 82.462666, 81.134564, 78.068864, 77.000189 ] }, { "date": "2026-08-07", "close": 81.449997, "volume": 5416, "typical_volume": 10502.85, "trend": 76.129895, "fair_value": 68.902985, "relative_strength": 13.063599, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.117355, "energy": 39.588417, "activity_lines": [ 82.122665, 81.469674, 78.55614, 77.359721 ] } ], "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." } } }