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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": 86.417, "architecture_energy": 71.097, "architecture_maturity": 42.41, "architecture_confidence": 83.754, "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": 5.41, "rotation_up": 67.32, "upward_expansion": 87.67, "deceleration": 56.12, "rotation_down": 23.43, "downward_expansion": 12.0 }, "activity_lines": [ 120.297332, 119.522726, 117.450857, 115.52987 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 122.349998, "trend_reference": 113.450166, "distance_from_trend": 0.078447, "trend_direction": "Improving", "fair_value": 92.979289, "distance_from_fair_value": 0.315884, "fair_value_direction": "Improving", "relative_strength": 2.955755, "relative_strength_direction": "Improving", "price_momentum": 0.099084, "excess_performance": 0.047848, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.078447, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040638, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.315884, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.055039, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.029558, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.01464, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.099084, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.587726, "read": "Demand-led" } ], "volume": { "latest": 944054, "relative_activity": 2.18365, "balance": 1.587726, "dry_up": 1.412198, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.017234, "annualized_volatility": 0.101304, "from_high_reference": -0.006882, "from_low_reference": 0.242132 }, "levels": { "trend_reference": 113.450166, "fair_value_reference": 92.979289, "structural_low": 104.209999, 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"typical_volume": 435084.55, "trend": 112.575833, "fair_value": 92.470507, "relative_strength": 1.875032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.089512, "energy": 78.21835, "activity_lines": [ 119.218001, 118.448364, 116.14919, 114.490666 ] }, { "date": "2026-07-31", "close": 119.339996, "volume": 405271, "typical_volume": 408244.0, "trend": 113.006499, "fair_value": 92.712814, "relative_strength": 0.759793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.803214, "energy": 63.807665, "activity_lines": [ 119.285333, 118.756909, 116.685595, 114.927064 ] }, { "date": "2026-08-07", "close": 122.349998, "volume": 944054, "typical_volume": 432328.4, "trend": 113.450166, "fair_value": 92.979289, "relative_strength": 2.955755, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.417251, "energy": 71.096975, "activity_lines": [ 120.297332, 119.522726, 117.450857, 115.52987 ] } ], "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." } } }