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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^FTSE", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 69.943, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 61.861, "architecture_energy": 41.138, "architecture_maturity": 5.218, "architecture_confidence": 79.029, "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": 19.51, "rotation_up": 52.84, "upward_expansion": 79.27, "deceleration": 54.25, "rotation_down": 19.93, "downward_expansion": 5.93 }, "activity_lines": [ 117.801267, 117.508991, 116.435556, 115.771267 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 118.5, "trend_reference": 115.509893, "distance_from_trend": 0.025886, "trend_direction": "Weakening", "fair_value": 113.961548, "distance_from_fair_value": 0.039824, "fair_value_direction": "Improving", "relative_strength": -6.505373, "relative_strength_direction": "Improving", "price_momentum": 0.026179, "excess_performance": -0.025057, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.025886, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.001153, "read": "Falling" 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"gate": "mixed", "direction": 11.054449, "energy": 17.778146, "activity_lines": [ 115.6, 115.07931, 114.405646, 114.818148 ] }, { "date": "2026-06-26", "close": 117.0, "volume": 344716, "typical_volume": 3342526.65, "trend": 115.533282, "fair_value": 113.218643, "relative_strength": -6.325256, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.738343, "energy": 29.447145, "activity_lines": [ 116.166667, 115.46238, 114.665386, 114.911808 ] }, { "date": "2026-07-03", "close": 117.2067, "volume": 623043, "typical_volume": 3096888.65, "trend": 115.525184, "fair_value": 113.344651, "relative_strength": -7.287224, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.810043, "energy": 37.529129, "activity_lines": [ 116.635567, 115.846252, 114.93756, 115.01977 ] }, { "date": "2026-07-10", "close": 118.6779, "volume": 1687667, "typical_volume": 2464982.05, "trend": 115.549467, "fair_value": 113.487762, "relative_strength": -4.17091, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.910902, "energy": 50.611428, "activity_lines": [ 117.41442, 116.447987, 115.341611, 115.223172 ] }, { "date": "2026-07-17", "close": 117.6971, "volume": 1381874, "typical_volume": 2405318.85, "trend": 115.557715, "fair_value": 113.613077, "relative_strength": -5.560872, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.940125, "energy": 50.598636, "activity_lines": [ 117.65448, 116.822285, 115.640581, 115.361729 ] }, { "date": "2026-07-24", "close": 117.2067, "volume": 2167330, "typical_volume": 2333485.8, "trend": 115.516298, "fair_value": 113.727576, "relative_strength": -6.8124, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.668979, "energy": 46.591087, "activity_lines": [ 117.617933, 117.0402, 115.884655, 115.468115 ] }, { "date": "2026-07-31", "close": 117.2067, "volume": 2354712, "typical_volume": 2250112.55, "trend": 115.491541, "fair_value": 113.833124, "relative_strength": -7.573583, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 56.423634, "energy": 49.182743, "activity_lines": [ 117.50094, 117.181629, 116.118111, 115.577173 ] }, { "date": "2026-08-07", "close": 118.5, "volume": 4433766, "typical_volume": 2042037.3, "trend": 115.509893, "fair_value": 113.961548, "relative_strength": -6.505373, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.860893, "energy": 41.13774, "activity_lines": [ 117.801267, 117.508991, 116.435556, 115.771267 ] } ], "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." } } }