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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^FTSE", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 74.675, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -31.512, "architecture_energy": 13.924, "architecture_maturity": 68.566, "architecture_confidence": 58.451, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 52.56, "rotation_up": 24.57, "upward_expansion": 16.61, "deceleration": 44.34, "rotation_down": 28.49, "downward_expansion": 55.28 }, "activity_lines": [ 108.160487, 108.022418, 108.030434, 108.468497 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 108.4, "trend_reference": 109.47691, "distance_from_trend": -0.009837, "trend_direction": "Weakening", "fair_value": 107.121352, "distance_from_fair_value": 0.011936, "fair_value_direction": "Improving", "relative_strength": -10.047442, "relative_strength_direction": "Weakening", "price_momentum": -0.045361, "excess_performance": -0.096596, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.009837, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.015323, "read": 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"gate": "down", "direction": -48.500702, "energy": 28.537733, "activity_lines": [ 107.787887, 107.89528, 107.987983, 108.644855 ] }, { "date": "2026-07-31", "close": 108.4, "volume": 8070635, "typical_volume": 9250496.45, "trend": 109.674592, "fair_value": 107.060006, "relative_strength": -10.146624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.979526, "energy": 19.410803, "activity_lines": [ 107.98764, 107.960667, 108.004561, 108.550729 ] }, { "date": "2026-08-07", "close": 108.4, "volume": 10152541, "typical_volume": 7987976.85, "trend": 109.47691, "fair_value": 107.121352, "relative_strength": -10.047442, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.511939, "energy": 13.92369, "activity_lines": [ 108.160487, 108.022418, 108.030434, 108.468497 ] } ], "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." } } }