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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": 84.288, "architecture_energy": 72.426, "architecture_maturity": 51.472, "architecture_confidence": 85.262, "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": 5.58, "rotation_up": 69.22, "upward_expansion": 87.67, "deceleration": 61.41, "rotation_down": 22.69, "downward_expansion": 12.0 }, "activity_lines": [ 2887.916667, 2863.745455, 2789.110714, 2732.708602 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 2928.25, "trend_reference": 2672.508333, "distance_from_trend": 0.095693, "trend_direction": "Improving", "fair_value": 2285.154329, "distance_from_fair_value": 0.281423, "fair_value_direction": "Improving", "relative_strength": 5.638951, "relative_strength_direction": "Improving", "price_momentum": 0.122795, "excess_performance": 0.07156, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.095693, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.045242, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.281423, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.104573, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.05639, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.046807, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.122795, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 8.604392, "read": "Demand-led" } ], "volume": { "latest": 10656, "relative_activity": 1.018261, "balance": 8.604392, "dry_up": 0.814031, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.018267, "annualized_volatility": 0.151309, "from_high_reference": -0.004166, "from_low_reference": 0.298271 }, "levels": { "trend_reference": 2672.508333, "fair_value_reference": 2285.154329, 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90.917992, "activity_lines": [ 2840.7, 2784.995455, 2707.99881, 2671.078495 ] }, { "date": "2026-07-17", "close": 2871.0, "volume": 6901, "typical_volume": 9990.65, "trend": 2639.791667, "fair_value": 2268.051595, "relative_strength": 6.970826, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.532599, "energy": 90.999361, "activity_lines": [ 2858.733333, 2808.804545, 2728.864286, 2686.732258 ] }, { "date": "2026-07-24", "close": 2863.0, "volume": 9515, "typical_volume": 10350.3, "trend": 2650.291667, "fair_value": 2273.348318, "relative_strength": 5.22183, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.283975, "energy": 87.796495, "activity_lines": [ 2865.683333, 2826.468182, 2748.186905, 2701.132796 ] }, { "date": "2026-07-31", "close": 2872.5, "volume": 7003, "typical_volume": 10267.2, "trend": 2661.033333, "fair_value": 2278.954851, "relative_strength": 4.100376, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.528073, "energy": 70.866208, "activity_lines": [ 2868.65, 2841.686364, 2766.863095, 2715.468817 ] }, { "date": "2026-08-07", "close": 2928.25, "volume": 10656, "typical_volume": 10464.9, "trend": 2672.508333, "fair_value": 2285.154329, "relative_strength": 5.638951, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.287664, "energy": 72.425725, "activity_lines": [ 2887.916667, 2863.745455, 2789.110714, 2732.708602 ] } ], "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." } } }