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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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 93.718, "architecture_energy": 92.571, "architecture_maturity": 46.0, "architecture_confidence": 78.249, "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": 0.0, "rotation_up": 87.4, "upward_expansion": 98.38, "deceleration": 40.01, "rotation_down": 9.49, "downward_expansion": 20.38 }, "activity_lines": [ 156.666667, 147.190909, 134.197619, 125.908602 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 175.0, "trend_reference": 117.066667, "distance_from_trend": 0.494875, "trend_direction": "Improving", "fair_value": 121.758545, "distance_from_fair_value": 0.437271, "fair_value_direction": "Improving", "relative_strength": 48.722665, "relative_strength_direction": "Improving", "price_momentum": 0.627907, "excess_performance": 0.553208, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.494875, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.140075, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.437271, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.561194, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.487227, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.409475, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.627907, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.252908, "read": "Demand-led" } ], "volume": { "latest": 65707, "relative_activity": 2.729438, "balance": 4.252908, "dry_up": 1.605669, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.073033, "annualized_volatility": 0.338821, "from_high_reference": -0.027778, "from_low_reference": 1.058824 }, "levels": { "trend_reference": 117.066667, "fair_value_reference": 121.758545, "structural_low": 90.0, "invalidation": 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"trend": 108.916667, "fair_value": 124.992084, "relative_strength": 21.609492, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.302582, "energy": 85.185001, "activity_lines": [ 132.866667, 126.663636, 117.547619, 113.512903 ] }, { "date": "2026-07-10", "close": 136.0, "volume": 20281, "typical_volume": 20428.6, "trend": 110.25, "fair_value": 124.210122, "relative_strength": 23.354141, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.736883, "energy": 81.955107, "activity_lines": [ 134.733333, 129.1, 119.885714, 115.260215 ] }, { "date": "2026-07-17", "close": 137.0, "volume": 7266, "typical_volume": 20395.95, "trend": 111.483333, "fair_value": 123.47303, "relative_strength": 22.631961, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.346267, "energy": 74.287573, "activity_lines": [ 136.033333, 131.336364, 122.183333, 116.986022 ] }, { "date": "2026-07-24", "close": 145.0, "volume": 45232, "typical_volume": 21330.5, "trend": 112.983333, "fair_value": 122.80004, "relative_strength": 27.416469, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.559332, "energy": 63.283722, "activity_lines": [ 139.266667, 134.627273, 125.066667, 119.148387 ] }, { "date": "2026-07-31", "close": 157.5, "volume": 36411, "typical_volume": 22653.15, "trend": 114.733333, "fair_value": 122.207178, "relative_strength": 35.685773, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.447963, "energy": 77.458278, "activity_lines": [ 145.766667, 139.736364, 128.935714, 122.02043 ] }, { "date": "2026-08-07", "close": 175.0, "volume": 65707, "typical_volume": 24073.45, "trend": 117.066667, "fair_value": 121.758545, "relative_strength": 48.722665, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.718262, "energy": 92.570918, "activity_lines": [ 156.666667, 147.190909, 134.197619, 125.908602 ] } ], "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." } } }