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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": 71.259, "architecture_energy": 70.289, "architecture_maturity": 59.819, "architecture_confidence": 96, "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": 3.68, "rotation_up": 58.06, "upward_expansion": 90.34, "deceleration": 49.78, "rotation_down": 28.38, "downward_expansion": 14.67 }, "activity_lines": [ 6326.333333, 6270.909091, 6101.896575, 5840.547678 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 6375.0, "trend_reference": 5500.283463, "distance_from_trend": 0.159031, "trend_direction": "Improving", "fair_value": 5205.812516, "distance_from_fair_value": 0.224593, "fair_value_direction": "Improving", "relative_strength": 13.016405, "relative_strength_direction": "Improving", "price_momentum": 0.304531, "excess_performance": 0.253296, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.159031, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.091742, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.224593, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.090715, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.130164, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.014378, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.304531, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 9.850927, "read": "Demand-led" } ], "volume": { "latest": 2835656, "relative_activity": 1.501393, "balance": 9.850927, "dry_up": 2.442797, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.034327, "annualized_volatility": 0.27809, "from_high_reference": -0.054154, "from_low_reference": 0.522576 }, "levels": { "trend_reference": 5500.283463, "fair_value_reference": 5205.812516, 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5205.812516, "relative_strength": 13.016405, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.258584, "energy": 70.289275, "activity_lines": [ 6326.333333, 6270.909091, 6101.896575, 5840.547678 ] } ], "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." } } }