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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": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 76.001, "architecture_energy": 55.221, "architecture_maturity": 36.778, "architecture_confidence": 91.716, "architecture_tenure": "Developing", "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": 63.26, "upward_expansion": 83.66, "deceleration": 52.04, "rotation_down": 20.24, "downward_expansion": 8.0 }, "activity_lines": [ 301.483173, 297.61952, 288.817529, 281.106109 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 311.8, "trend_reference": 273.365402, "distance_from_trend": 0.140598, "trend_direction": "Improving", "fair_value": 224.346717, "distance_from_fair_value": 0.389813, "fair_value_direction": "Improving", "relative_strength": 20.156353, "relative_strength_direction": "Weakening", "price_momentum": 0.197773, "excess_performance": 0.146538, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.140598, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.103541, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.389813, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.154359, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.201564, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.011942, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.197773, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.637509, "read": "Demand-led" } ], "volume": { "latest": 24978313, "relative_activity": 1.872303, "balance": 4.637509, "dry_up": 1.414492, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.052172, "annualized_volatility": 0.251145, "from_high_reference": -0.034154, "from_low_reference": 1.02207 }, "levels": { "trend_reference": 273.365402, "fair_value_reference": 224.346717, "structural_low": 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289.350254, 278.372594, 272.833991 ] }, { "date": "2026-07-17", "close": 296.9759, "volume": 10529997, "typical_volume": 13817186.75, "trend": 267.025052, "fair_value": 222.836775, "relative_strength": 20.442503, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.301997, "energy": 48.094907, "activity_lines": [ 294.406367, 291.400272, 280.924023, 274.925116 ] }, { "date": "2026-07-24", "close": 293.6214, "volume": 9738081, "typical_volume": 13736449.85, "trend": 269.25486, "fair_value": 223.203765, "relative_strength": 16.834088, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.24766, "energy": 47.940578, "activity_lines": [ 294.507907, 292.353547, 283.016633, 276.641009 ] }, { "date": "2026-07-31", "close": 298.1599, "volume": 30236323, "typical_volume": 13399872.05, "trend": 271.495996, "fair_value": 223.718863, "relative_strength": 16.29947, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.81596, "energy": 44.532374, "activity_lines": [ 296.120853, 293.891614, 285.377174, 278.50585 ] }, { "date": "2026-08-07", "close": 311.8, "volume": 24978313, "typical_volume": 13340958.4, "trend": 273.365402, "fair_value": 224.346717, "relative_strength": 20.156353, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.001435, "energy": 55.221033, "activity_lines": [ 301.483173, 297.61952, 288.817529, 281.106109 ] } ], "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." } } }