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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": 61.043, "architecture_energy": 48.775, "architecture_maturity": 82.488, "architecture_confidence": 72.863, "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": 11.17, "rotation_up": 46.12, "upward_expansion": 77.69, "deceleration": 68.05, "rotation_down": 29.31, "downward_expansion": 13.36 }, "activity_lines": [ 123.366667, 123.308976, 121.03805, 117.617797 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 123.5, "trend_reference": 113.447617, "distance_from_trend": 0.088608, "trend_direction": "Improving", "fair_value": 88.726011, "distance_from_fair_value": 0.391926, "fair_value_direction": "Improving", "relative_strength": 6.040948, "relative_strength_direction": "Weakening", "price_momentum": 0.193237, "excess_performance": 0.142001, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.088608, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.063901, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.391926, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.028008, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.060409, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.03059, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.193237, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 6.693635, "read": "Demand-led" } ], "volume": { "latest": 4536072, "relative_activity": 0.586109, "balance": 6.693635, "dry_up": 0.501808, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.028661, "annualized_volatility": 0.156289, "from_high_reference": -0.023715, "from_low_reference": 0.322549 }, "levels": { "trend_reference": 113.447617, "fair_value_reference": 88.726011, "structural_low": 98.400002, 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54.141314, "activity_lines": [ 123.0156, 122.772705, 119.508798, 116.146522 ] }, { "date": "2026-07-31", "close": 124.5, "volume": 5378106, "typical_volume": 7671491.65, "trend": 112.897617, "fair_value": 88.429886, "relative_strength": 7.327547, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.610311, "energy": 56.595704, "activity_lines": [ 123.4, 123.181945, 120.3639, 116.933773 ] }, { "date": "2026-08-07", "close": 123.5, "volume": 4536072, "typical_volume": 7739301.05, "trend": 113.447617, "fair_value": 88.726011, "relative_strength": 6.040948, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.042561, "energy": 48.774558, "activity_lines": [ 123.366667, 123.308976, 121.03805, 117.617797 ] } ], "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." } } }