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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": 63.395, "architecture_energy": 39.224, "architecture_maturity": 40.893, "architecture_confidence": 71.367, "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": 20.67, "rotation_up": 47.36, "upward_expansion": 75.63, "deceleration": 65.01, "rotation_down": 23.31, "downward_expansion": 4.63 }, "activity_lines": [ 211.9, 210.918182, 206.266261, 202.768907 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 216.0, "trend_reference": 198.10616, "distance_from_trend": 0.090325, "trend_direction": "Improving", "fair_value": 162.429513, "distance_from_fair_value": 0.329808, "fair_value_direction": "Improving", "relative_strength": 5.271004, "relative_strength_direction": "Improving", "price_momentum": 0.195054, "excess_performance": 0.128776, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.090325, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.060762, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.329808, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.023342, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.05271, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.030055, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.195054, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.392598, "read": "Demand-led" } ], "volume": { "latest": 824406, "relative_activity": 0.444155, "balance": 1.392598, "dry_up": 0.692326, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.049821, "annualized_volatility": 0.269769, "from_high_reference": -0.052632, "from_low_reference": 0.342024 }, "levels": { "trend_reference": 198.10616, "fair_value_reference": 162.429513, "structural_low": 178.545577, 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209.5, "volume": 1108477, "typical_volume": 1940143.55, "trend": 194.740723, "fair_value": 160.18235, "relative_strength": 4.632694, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.877203, "energy": 63.917145, "activity_lines": [ 211.706667, 207.990909, 202.667467, 199.634989 ] }, { "date": "2026-07-24", "close": 211.5, "volume": 2322270, "typical_volume": 1937799.0, "trend": 195.832539, "fair_value": 160.925, "relative_strength": 4.434473, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.789112, "energy": 54.324681, "activity_lines": [ 212.0, 209.047273, 203.844664, 200.716233 ] }, { "date": "2026-07-31", "close": 208.5, "volume": 885011, "typical_volume": 1902162.7, "trend": 196.851014, "fair_value": 161.653538, "relative_strength": 1.866809, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.109333, "energy": 33.957681, "activity_lines": [ 210.5, 209.385455, 204.72632, 201.533489 ] }, { "date": "2026-08-07", "close": 216.0, "volume": 824406, "typical_volume": 1856122.25, "trend": 198.10616, "fair_value": 162.429513, "relative_strength": 5.271004, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.394996, "energy": 39.22414, "activity_lines": [ 211.9, 210.918182, 206.266261, 202.768907 ] } ], "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." } } }