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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": 82.516, "architecture_energy": 57.985, "architecture_maturity": 81.178, "architecture_confidence": 65.76, "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": 26.65, "rotation_up": 49.32, "upward_expansion": 80.39, "deceleration": 71.47, "rotation_down": 29.24, "downward_expansion": 9.39 }, "activity_lines": [ 13707.766667, 13679.309091, 13538.978571, 13266.585093 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 14028.0, "trend_reference": 12946.587207, "distance_from_trend": 0.083529, "trend_direction": "Improving", "fair_value": 11049.318735, "distance_from_fair_value": 0.269581, "fair_value_direction": "Improving", "relative_strength": 1.764777, "relative_strength_direction": "Weakening", "price_momentum": 0.137767, "excess_performance": 0.086532, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.083529, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.031818, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.269581, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.029447, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.017648, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.009024, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.137767, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.512103, "read": "Demand-led" } ], "volume": { "latest": 6037, "relative_activity": 2.475144, "balance": 1.512103, "dry_up": 2.118345, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.018265, "annualized_volatility": 0.123807, "from_high_reference": -0.152866, "from_low_reference": 0.216499 }, "levels": { "trend_reference": 12946.587207, "fair_value_reference": 11049.318735, 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43.991761, "activity_lines": [ 13568.066667, 13605.554545, 13455.816667, 13193.859308 ] }, { "date": "2026-08-07", "close": 14028.0, "volume": 6037, "typical_volume": 2439.05, "trend": 12946.587207, "fair_value": 11049.318735, "relative_strength": 1.764777, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.516015, "energy": 57.985347, "activity_lines": [ 13707.766667, 13679.309091, 13538.978571, 13266.585093 ] } ], "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." } } }