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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": 50.231, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 52.327, "architecture_energy": 33.013, "architecture_maturity": 34.101, "architecture_confidence": 54.79, "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": 20.65, "rotation_up": 46.69, "upward_expansion": 77.15, "deceleration": 66.14, "rotation_down": 25.88, "downward_expansion": 6.15 }, "activity_lines": [ 444.7, 444.354545, 431.05346, 420.455334 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 420.0, "trend_reference": 411.956636, "distance_from_trend": 0.019525, "trend_direction": "Improving", "fair_value": 374.401833, "distance_from_fair_value": 0.121789, "fair_value_direction": "Improving", "relative_strength": -5.270694, "relative_strength_direction": "Weakening", "price_momentum": -0.013951, "excess_performance": -0.065187, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.019525, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.039362, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.121789, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.049395, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.052707, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.04031, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.013951, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.28933, "read": "Supply-led" } ], "volume": { "latest": 1185783, "relative_activity": 1.901971, "balance": 0.28933, "dry_up": 1.050572, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.082601, "annualized_volatility": 0.373201, "from_high_reference": -0.12467, "from_low_reference": 0.318644 }, "levels": { "trend_reference": 411.956636, "fair_value_reference": 374.401833, "structural_low": 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"close": 442.0, "volume": 268881, "typical_volume": 632124.65, "trend": 405.01618, "fair_value": 372.6008, "relative_strength": 4.92157, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.842142, "energy": 56.529166, "activity_lines": [ 441.966667, 434.118182, 415.534326, 410.411796 ] }, { "date": "2026-07-17", "close": 439.0, "volume": 714935, "typical_volume": 648124.7, "trend": 407.117874, "fair_value": 373.249615, "relative_strength": 2.9082, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.089753, "energy": 38.869353, "activity_lines": [ 440.8, 436.790909, 418.900819, 412.604301 ] }, { "date": "2026-07-24", "close": 469.5, "volume": 262963, "typical_volume": 638487.65, "trend": 409.836289, "fair_value": 373.683949, "relative_strength": 8.105598, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.450974, "energy": 57.736529, "activity_lines": [ 450.566667, 444.209091, 425.143224, 416.628954 ] }, { "date": "2026-07-31", "close": 460.5, "volume": 456235, "typical_volume": 616771.05, "trend": 411.354825, "fair_value": 374.079809, "relative_strength": 4.12793, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.464262, "energy": 48.318161, "activity_lines": [ 455.766667, 448.372727, 430.221083, 419.897581 ] }, { "date": "2026-08-07", "close": 420.0, "volume": 1185783, "typical_volume": 623449.7, "trend": 411.956636, "fair_value": 374.401833, "relative_strength": -5.270694, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.327149, "energy": 33.012516, "activity_lines": [ 444.7, 444.354545, 431.05346, 420.455334 ] } ], "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." } } }