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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": 84.104, "architecture_energy": 93.899, "architecture_maturity": 44.761, "architecture_confidence": 80.547, "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": 87.24, "upward_expansion": 99.93, "deceleration": 39.02, "rotation_down": 8.62, "downward_expansion": 21.93 }, "activity_lines": [ 921.633333, 890.490909, 842.980981, 811.346486 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 941.5, "trend_reference": 778.409574, "distance_from_trend": 0.209517, "trend_direction": "Improving", "fair_value": 601.319798, "distance_from_fair_value": 0.565723, "fair_value_direction": "Improving", "relative_strength": 18.020228, "relative_strength_direction": "Improving", "price_momentum": 0.258331, "excess_performance": 0.207095, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.209517, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.073318, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.565723, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.245412, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.180202, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.139235, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.258331, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.082523, "read": "Demand-led" } ], "volume": { "latest": 7338185, "relative_activity": 0.752389, "balance": 5.082523, "dry_up": 0.92908, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.033802, "annualized_volatility": 0.228646, "from_high_reference": -0.00738, "from_low_reference": 0.532117 }, "levels": { "trend_reference": 778.409574, "fair_value_reference": 601.319798, "structural_low": 633.2576, 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"activity_lines": [ 869.333333, 837.536364, 800.467493, 780.111354 ] }, { "date": "2026-07-24", "close": 916.5, "volume": 9732283, "typical_volume": 10646902.7, "trend": 765.707312, "fair_value": 596.26293, "relative_strength": 17.385683, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.540747, "energy": 95.106843, "activity_lines": [ 890.1, 855.827273, 814.658987, 790.244815 ] }, { "date": "2026-07-31", "close": 923.0, "volume": 8936970, "typical_volume": 10518612.25, "trend": 771.716789, "fair_value": 598.721201, "relative_strength": 16.411079, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.478561, "energy": 93.376751, "activity_lines": [ 905.666667, 872.7, 828.492042, 800.39273 ] }, { "date": "2026-08-07", "close": 941.5, "volume": 7338185, "typical_volume": 9753176.5, "trend": 778.409574, "fair_value": 601.319798, "relative_strength": 18.020228, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.103704, "energy": 93.89911, "activity_lines": [ 921.633333, 890.490909, 842.980981, 811.346486 ] } ], "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." } } }