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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": 75.692, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 38.007, "architecture_energy": 21.589, "architecture_maturity": 60.897, "architecture_confidence": 84.145, "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": 40.57, "rotation_up": 30.88, "upward_expansion": 61.73, "deceleration": 87.3, "rotation_down": 25.45, "downward_expansion": 14.07 }, "activity_lines": [ 189.233333, 190.836364, 185.669048, 179.264494 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 186.0, "trend_reference": 172.699663, "distance_from_trend": 0.077014, "trend_direction": "Improving", "fair_value": 206.47563, "distance_from_fair_value": -0.099167, "fair_value_direction": "Improving", "relative_strength": 3.206655, "relative_strength_direction": "Improving", "price_momentum": 0.1625, "excess_performance": 0.111265, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.077014, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.07358, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.099167, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.091969, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.032067, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.069535, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.1625, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.585293, "read": "Supply-led" } ], "volume": { "latest": 350414, "relative_activity": 0.969859, "balance": 0.585293, "dry_up": 1.842628, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.095178, "annualized_volatility": 0.444967, "from_high_reference": -0.134884, "from_low_reference": 0.377857 }, "levels": { "trend_reference": 172.699663, "fair_value_reference": 206.47563, "structural_low": 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195.0, 190.5, 179.695238, 174.480331 ] }, { "date": "2026-07-17", "close": 195.0, "volume": 331787, "typical_volume": 315045.25, "trend": 170.448714, "fair_value": 207.662416, "relative_strength": 10.66503, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.886627, "energy": 50.438235, "activity_lines": [ 195.833333, 192.181818, 181.897619, 176.139574 ] }, { "date": "2026-07-24", "close": 185.0, "volume": 1333929, "typical_volume": 358381.75, "trend": 171.282354, "fair_value": 207.323409, "relative_strength": 3.962777, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.472052, "energy": 38.194139, "activity_lines": [ 192.333333, 191.590909, 183.028571, 177.078366 ] }, { "date": "2026-07-31", "close": 191.5, "volume": 646865, "typical_volume": 370012.1, "trend": 172.33266, "fair_value": 206.936369, "relative_strength": 6.414029, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.772397, "energy": 29.834308, "activity_lines": [ 191.666667, 191.909091, 184.683333, 178.382731 ] }, { "date": "2026-08-07", "close": 186.0, "volume": 350414, "typical_volume": 361303.9, "trend": 172.699663, "fair_value": 206.47563, "relative_strength": 3.206655, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.006938, "energy": 21.589064, "activity_lines": [ 189.233333, 190.836364, 185.669048, 179.264494 ] } ], "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." } } }