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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": "2a", "phase_label": "Stage 2A \u00b7 Early 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": "Early expansion", "architecture_gate": "up", "architecture_direction": 86.787, "architecture_energy": 65.174, "architecture_maturity": 30.218, "architecture_confidence": 83.526, "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": 11.56, "rotation_up": 57.78, "upward_expansion": 81.41, "deceleration": 59.57, "rotation_down": 25.0, "downward_expansion": 10.41 }, "activity_lines": [ 2407.166667, 2396.704545, 2357.102382, 2326.043551 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 2468.5, "trend_reference": 2299.31667, "distance_from_trend": 0.07358, "trend_direction": "Improving", "fair_value": 2219.947857, "distance_from_fair_value": 0.111963, "fair_value_direction": "Improving", "relative_strength": -0.551735, "relative_strength_direction": "Improving", "price_momentum": 0.075716, "excess_performance": 0.024481, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.07358, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.017716, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.111963, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.088628, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.005517, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.061015, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.075716, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 9.458766, "read": "Demand-led" } ], "volume": { "latest": 710, "relative_activity": 0.593026, "balance": 9.458766, "dry_up": 0.747338, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.017217, "annualized_volatility": 0.168403, "from_high_reference": -0.076357, "from_low_reference": 0.181666 }, "levels": { "trend_reference": 2299.31667, "fair_value_reference": 2219.947857, "structural_low": 2089.0, 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-3.72908, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.818729, "energy": 48.14717, "activity_lines": [ 2379.233333, 2378.372727, 2340.752382, 2314.786024 ] }, { "date": "2026-08-07", "close": 2468.5, "volume": 710, "typical_volume": 1197.25, "trend": 2299.31667, "fair_value": 2219.947857, "relative_strength": -0.551735, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.787361, "energy": 65.17413, "activity_lines": [ 2407.166667, 2396.704545, 2357.102382, 2326.043551 ] } ], "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." } } }