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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": "2c", "phase_label": "Stage 2C \u00b7 Late 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": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 70.208, "architecture_energy": 88.858, "architecture_maturity": 24.0, "architecture_confidence": 86.173, "architecture_tenure": "New", "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": 7.47, "rotation_up": 78.9, "upward_expansion": 95.32, "deceleration": 44.67, "rotation_down": 13.4, "downward_expansion": 26.65 }, "activity_lines": [ 1193.866667, 1095.916711, 1030.001057, 971.933005 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 1220.0, "trend_reference": 891.779211, "distance_from_trend": 0.368052, "trend_direction": "Improving", "fair_value": 587.853848, "distance_from_fair_value": 1.075346, "fair_value_direction": "Improving", "relative_strength": 51.557236, "relative_strength_direction": "Improving", "price_momentum": 0.626747, "excess_performance": 0.575512, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.368052, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.21341, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.075346, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.393962, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.515572, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.138251, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.626747, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 8.378276, "read": "Demand-led" } ], "volume": { "latest": 2541363, "relative_activity": 4.142893, "balance": 8.378276, "dry_up": 2.829001, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.081716, "annualized_volatility": 0.635828, "from_high_reference": -0.03937, "from_low_reference": 1.63486 }, "levels": { "trend_reference": 891.779211, "fair_value_reference": 587.853848, "structural_low": 719.964302, 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"direction": 15.257214, "energy": 20.713726, "activity_lines": [ 889.805347, 929.277639, 914.101954, 874.850171 ] }, { "date": "2026-07-17", "close": 1210.0, "volume": 2157621, "typical_volume": 440490.35, "trend": 831.168969, "fair_value": 575.231227, "relative_strength": 60.395885, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.160876, "energy": 39.679413, "activity_lines": [ 988.666667, 976.875051, 945.322252, 900.602926 ] }, { "date": "2026-07-24", "close": 1220.0, "volume": 1480332, "typical_volume": 497111.6, "trend": 851.57235, "fair_value": 579.355489, "relative_strength": 57.6557, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 79.732754, "energy": 66.644237, "activity_lines": [ 1076.0, 1021.126175, 975.732827, 925.688798 ] }, { "date": "2026-07-31", "close": 1220.0, "volume": 762227, "typical_volume": 519323.8, "trend": 871.642453, "fair_value": 583.614278, "relative_strength": 53.939317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.485419, "energy": 86.541008, "activity_lines": [ 1144.4, 1060.430989, 1004.009886, 949.458324 ] }, { "date": "2026-08-07", "close": 1220.0, "volume": 2541363, "typical_volume": 613427.1, "trend": 891.779211, "fair_value": 587.853848, "relative_strength": 51.557236, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.208496, "energy": 88.858313, "activity_lines": [ 1193.866667, 1095.916711, 1030.001057, 971.933005 ] } ], "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." } } }