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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": "Early expansion", "architecture_gate": "up", "architecture_direction": 66.149, "architecture_energy": 62.447, "architecture_maturity": 24.086, "architecture_confidence": 81.049, "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": 3.68, "rotation_up": 69.28, "upward_expansion": 87.63, "deceleration": 47.25, "rotation_down": 14.22, "downward_expansion": 11.97 }, "activity_lines": [ 572.0, 562.772727, 543.050482, 532.295067 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 575.0, "trend_reference": 522.217766, "distance_from_trend": 0.101073, "trend_direction": "Improving", "fair_value": 547.1143, "distance_from_fair_value": 0.050969, "fair_value_direction": "Improving", "relative_strength": 1.555065, "relative_strength_direction": "Improving", "price_momentum": 0.085199, "excess_performance": 0.033964, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.101073, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.032958, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.050969, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.126344, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.015551, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.087899, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.085199, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 8.427412, "read": "Demand-led" } ], "volume": { "latest": 11594, "relative_activity": 1.339449, "balance": 8.427412, "dry_up": 1.200438, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.050152, "annualized_volatility": 0.174507, "from_high_reference": -0.017094, "from_low_reference": 0.23956 }, "levels": { "trend_reference": 522.217766, "fair_value_reference": 547.1143, "structural_low": 463.874458, 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"activity_lines": [ 558.0, 543.770219, 527.207391, 521.131169 ] }, { "date": "2026-07-24", "close": 585.0, "volume": 8161, "typical_volume": 8000.3, "trend": 517.542081, "fair_value": 548.073748, "relative_strength": 4.616923, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.522697, "energy": 83.358291, "activity_lines": [ 569.166667, 553.136364, 533.766856, 525.666379 ] }, { "date": "2026-07-31", "close": 565.0, "volume": 9361, "typical_volume": 8246.45, "trend": 519.713257, "fair_value": 547.569968, "relative_strength": -0.030101, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.267646, "energy": 70.35883, "activity_lines": [ 569.333333, 557.5, 538.063759, 528.72818 ] }, { "date": "2026-08-07", "close": 575.0, "volume": 11594, "typical_volume": 8655.8, "trend": 522.217766, "fair_value": 547.1143, "relative_strength": 1.555065, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.148836, "energy": 62.447461, "activity_lines": [ 572.0, 562.772727, 543.050482, 532.295067 ] } ], "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." } } }