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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": 78.793, "architecture_energy": 52.096, "architecture_maturity": 84.107, "architecture_confidence": 64.645, "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": 21.97, "rotation_up": 47.19, "upward_expansion": 78.86, "deceleration": 71.33, "rotation_down": 28.86, "downward_expansion": 7.86 }, "activity_lines": [ 106.553668, 106.344251, 105.329282, 103.270681 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 109.0, "trend_reference": 100.805296, "distance_from_trend": 0.081292, "trend_direction": "Improving", "fair_value": 84.912366, "distance_from_fair_value": 0.283676, "fair_value_direction": "Improving", "relative_strength": 2.512679, "relative_strength_direction": "Weakening", "price_momentum": 0.137127, "excess_performance": 0.085892, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.081292, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.033097, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.283676, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.022753, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.025127, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.015082, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.137127, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.526358, "read": "Demand-led" } ], "volume": { "latest": 1376568, "relative_activity": 1.323682, "balance": 1.526358, "dry_up": 1.202822, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.020913, "annualized_volatility": 0.122797, "from_high_reference": -0.007354, "from_low_reference": 0.229348 }, "levels": { "trend_reference": 100.805296, "fair_value_reference": 84.912366, "structural_low": 91.125, 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"trend": 99.54715, "fair_value": 83.858792, "relative_strength": 4.25638, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.975541, "energy": 63.621644, "activity_lines": [ 106.416249, 106.171259, 103.638029, 101.672333 ] }, { "date": "2026-07-17", "close": 105.300003, "volume": 1220252, "typical_volume": 1071912.85, "trend": 99.840935, "fair_value": 84.116462, "relative_strength": 1.865925, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.386735, "energy": 56.966014, "activity_lines": [ 106.098667, 106.087995, 104.039556, 102.043485 ] }, { "date": "2026-07-24", "close": 105.779999, "volume": 1226295, "typical_volume": 1058776.85, "trend": 100.146147, "fair_value": 84.374192, "relative_strength": 1.024518, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.027424, "energy": 49.08099, "activity_lines": [ 105.922, 106.042944, 104.445753, 102.426651 ] }, { "date": "2026-07-31", "close": 104.667503, "volume": 1180400, "typical_volume": 1045045.4, "trend": 100.43888, "fair_value": 84.627341, "relative_strength": -1.225715, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.670948, "energy": 38.213162, "activity_lines": [ 105.479501, 105.791893, 104.70375, 102.718351 ] }, { "date": "2026-08-07", "close": 109.0, "volume": 1376568, "typical_volume": 1039953.65, "trend": 100.805296, "fair_value": 84.912366, "relative_strength": 2.512679, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.792861, "energy": 52.095558, "activity_lines": [ 106.553668, 106.344251, 105.329282, 103.270681 ] } ], "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." } } }