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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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "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": 61.436, "architecture_energy": 56.683, "architecture_maturity": 94.27, "architecture_confidence": 66.089, "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": 15.02, "rotation_up": 46.48, "upward_expansion": 77.71, "deceleration": 70.99, "rotation_down": 29.47, "downward_expansion": 15.71 }, "activity_lines": [ 555.233333, 554.34156, 520.540665, 483.823969 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 553.0, "trend_reference": 443.072671, "distance_from_trend": 0.248102, "trend_direction": "Improving", "fair_value": 564.373287, "distance_from_fair_value": -0.020152, "fair_value_direction": "Improving", "relative_strength": 17.657089, "relative_strength_direction": "Improving", "price_momentum": 0.405306, "excess_performance": 0.35407, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.248102, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.149844, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.020152, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.342707, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.176571, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.382018, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.405306, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.738996, "read": "Supply-led" } ], "volume": { "latest": 20470879, "relative_activity": 2.070412, "balance": 0.738996, "dry_up": 1.398832, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.06286, "annualized_volatility": 0.594095, "from_high_reference": -0.046331, "from_low_reference": 0.731773 }, "levels": { "trend_reference": 443.072671, "fair_value_reference": 564.373287, "structural_low": 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"relative_strength": 17.740654, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.915248, "energy": 60.91137, "activity_lines": [ 556.7, 552.546575, 512.218643, 476.33557 ] }, { "date": "2026-08-07", "close": 553.0, "volume": 20470879, "typical_volume": 9887345.65, "trend": 443.072671, "fair_value": 564.373287, "relative_strength": 17.657089, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.436129, "energy": 56.682991, "activity_lines": [ 555.233333, 554.34156, 520.540665, 483.823969 ] } ], "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." } } }