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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": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 72.471, "architecture_energy": 82.878, "architecture_maturity": 19.899, "architecture_confidence": 85.035, "architecture_tenure": "New", "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": 7.68, "rotation_up": 79.25, "upward_expansion": 94.95, "deceleration": 41.91, "rotation_down": 9.16, "downward_expansion": 19.29 }, "activity_lines": [ 709.333333, 680.909091, 661.557828, 639.676474 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 720.0, "trend_reference": 613.422148, "distance_from_trend": 0.173743, "trend_direction": "Improving", "fair_value": 443.742457, "distance_from_fair_value": 0.622563, "fair_value_direction": "Improving", "relative_strength": 19.989693, "relative_strength_direction": "Weakening", "price_momentum": 0.210121, "excess_performance": 0.158885, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.173743, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.104766, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.622563, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.109607, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.199897, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.027733, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.210121, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 18.286671, "read": "Demand-led" } ], "volume": { "latest": 1325055, "relative_activity": 2.598651, "balance": 18.286671, "dry_up": 2.357244, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.055536, "annualized_volatility": 0.305089, "from_high_reference": -0.013699, "from_low_reference": 0.698269 }, "levels": { "trend_reference": 613.422148, "fair_value_reference": 443.742457, "structural_low": 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"typical_volume": 454608.65, "trend": 606.588296, "fair_value": 441.754421, "relative_strength": 21.101977, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.239786, "energy": 82.049505, "activity_lines": [ 696.666667, 670.0, 652.904584, 632.35959 ] }, { "date": "2026-08-07", "close": 720.0, "volume": 1325055, "typical_volume": 509901.1, "trend": 613.422148, "fair_value": 443.742457, "relative_strength": 19.989693, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.471485, "energy": 82.878319, "activity_lines": [ 709.333333, 680.909091, 661.557828, 639.676474 ] } ], "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." } } }