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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": 80.087, "architecture_energy": 75.982, "architecture_maturity": 44.611, "architecture_confidence": 82.01, "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": 11.84, "rotation_up": 73.81, "upward_expansion": 91.13, "deceleration": 45.19, "rotation_down": 14.86, "downward_expansion": 15.47 }, "activity_lines": [ 440.366667, 430.575538, 416.609148, 401.958256 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 455.0, "trend_reference": 384.734691, "distance_from_trend": 0.182633, "trend_direction": "Improving", "fair_value": 358.836254, "distance_from_fair_value": 0.267988, "fair_value_direction": "Improving", "relative_strength": 14.030022, "relative_strength_direction": "Improving", "price_momentum": 0.276677, "excess_performance": 0.225442, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.182633, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.056311, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.267988, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.106614, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.1403, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.099958, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.276677, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.884941, "read": "Supply-led" } ], "volume": { "latest": 1135737, "relative_activity": 1.038264, "balance": 0.884941, "dry_up": 0.865972, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.049081, "annualized_volatility": 0.27059, "from_high_reference": -0.003286, "from_low_reference": 0.468179 }, "levels": { "trend_reference": 384.734691, "fair_value_reference": 358.836254, "structural_low": 320.404659, 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"date": "2026-07-31", "close": 431.0, "volume": 1126666, "typical_volume": 1056310.25, "trend": 381.497808, "fair_value": 357.734599, "relative_strength": 8.304609, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.475996, "energy": 69.961943, "activity_lines": [ 432.733333, 423.577366, 410.878149, 397.216179 ] }, { "date": "2026-08-07", "close": 455.0, "volume": 1135737, "typical_volume": 1093880.45, "trend": 384.734691, "fair_value": 358.836254, "relative_strength": 14.030022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.086793, "energy": 75.982254, "activity_lines": [ 440.366667, 430.575538, 416.609148, 401.958256 ] } ], "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." } } }