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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^FTSE", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 83.615, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 90.921, "architecture_energy": 81.804, "architecture_maturity": 25.306, "architecture_confidence": 62.775, "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": 7.46, "rotation_up": 83.66, "upward_expansion": 94.63, "deceleration": 39.35, "rotation_down": 9.5, "downward_expansion": 16.63 }, "activity_lines": [ 144.5, 141.181818, 137.447619, 136.118377 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 154.0, "trend_reference": 134.930324, "distance_from_trend": 0.14133, "trend_direction": "Weakening", "fair_value": 173.434703, "distance_from_fair_value": -0.112058, "fair_value_direction": "Improving", "relative_strength": -3.249801, "relative_strength_direction": "Improving", "price_momentum": 0.140825, "excess_performance": 0.074547, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.14133, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.006478, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.112058, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.193885, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.032498, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.195744, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.140825, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.500382, "read": "Demand-led" } ], "volume": { "latest": 720480, "relative_activity": 1.818895, "balance": 1.500382, "dry_up": 1.556737, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.040335, "annualized_volatility": 0.186574, "from_high_reference": -0.178275, "from_low_reference": 0.400104 }, "levels": { "trend_reference": 134.930324, "fair_value_reference": 173.434703, "structural_low": 124.0, 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69.45697, "energy": 56.661326, "activity_lines": [ 137.733333, 136.554545, 134.247473, 133.970359 ] }, { "date": "2026-07-24", "close": 141.0, "volume": 413061, "typical_volume": 370350.2, "trend": 133.763019, "fair_value": 175.058012, "relative_strength": -11.32223, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.725932, "energy": 62.036925, "activity_lines": [ 139.1, 137.536364, 134.954714, 134.464163 ] }, { "date": "2026-07-31", "close": 139.5, "volume": 942151, "typical_volume": 402250.35, "trend": 134.096672, "fair_value": 174.191881, "relative_strength": -12.64925, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.874908, "energy": 52.804419, "activity_lines": [ 139.466667, 138.1, 135.519048, 134.834291 ] }, { "date": "2026-08-07", "close": 154.0, "volume": 720480, "typical_volume": 396108.55, "trend": 134.930324, "fair_value": 173.434703, "relative_strength": -3.249801, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.920608, "energy": 81.80368, "activity_lines": [ 144.5, 141.181818, 137.447619, 136.118377 ] } ], "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." } } }