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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^FTSE", "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": "Established expansion", "architecture_gate": "up", "architecture_direction": 85.633, "architecture_energy": 71.208, "architecture_maturity": 45.302, "architecture_confidence": 84.615, "architecture_tenure": "Established", "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": 7.53, "rotation_up": 64.35, "upward_expansion": 85.33, "deceleration": 59.37, "rotation_down": 23.86, "downward_expansion": 12.0 }, "activity_lines": [ 68.592333, 68.172263, 66.99621, 65.926611 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 69.709999, "trend_reference": 64.779172, "distance_from_trend": 0.076117, "trend_direction": "Improving", "fair_value": 55.42937, "distance_from_fair_value": 0.257637, "fair_value_direction": "Improving", "relative_strength": 2.657703, "relative_strength_direction": "Improving", "price_momentum": 0.095697, "excess_performance": 0.044462, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.076117, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.039554, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.257637, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.053602, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.026577, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.014417, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.095697, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.704521, "read": "Demand-led" } ], "volume": { "latest": 8938, "relative_activity": 0.88376, "balance": 1.704521, "dry_up": 1.733878, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.016119, "annualized_volatility": 0.095697, "from_high_reference": -0.008252, "from_low_reference": 0.214781 }, "levels": { "trend_reference": 64.779172, "fair_value_reference": 55.42937, "structural_low": 59.794102, 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91.668654, "activity_lines": [ 67.417631, 66.662066, 65.247137, 64.537591 ] }, { "date": "2026-07-10", "close": 68.025002, "volume": 8790, "typical_volume": 10326.3, "trend": 63.829928, "fair_value": 54.874884, "relative_strength": 4.0149, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.042115, "energy": 86.741543, "activity_lines": [ 67.718002, 67.031614, 65.604992, 64.82325 ] }, { "date": "2026-07-17", "close": 68.089996, "volume": 39709, "typical_volume": 11907.45, "trend": 64.070228, "fair_value": 55.008851, "relative_strength": 3.106407, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.021583, "energy": 87.848131, "activity_lines": [ 67.927, 67.346547, 65.950891, 65.098094 ] }, { "date": "2026-07-24", "close": 68.029999, "volume": 4328, "typical_volume": 10276.35, "trend": 64.300556, "fair_value": 55.141833, "relative_strength": 1.743334, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.489192, "energy": 82.012218, "activity_lines": [ 68.038666, 67.586129, 66.27445, 65.353563 ] }, { "date": "2026-07-31", "close": 68.010002, "volume": 17168, "typical_volume": 9936.45, "trend": 64.537193, "fair_value": 55.278597, "relative_strength": 0.480235, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.220292, "energy": 63.955867, "activity_lines": [ 68.048, 67.750075, 66.57027, 65.592882 ] }, { "date": "2026-08-07", "close": 69.709999, "volume": 8938, "typical_volume": 10113.6, "trend": 64.779172, "fair_value": 55.42937, "relative_strength": 2.657703, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.632944, "energy": 71.207713, "activity_lines": [ 68.592333, 68.172263, 66.99621, 65.926611 ] } ], "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." } } }