{ "ticker": { "uuid": "000538fd-6016-4585-b981-d6edbbbca256", "symbol": "WATC", "name": "Amundi MSCI Water UCITS ETF Acc", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 95.121, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 55.6, "architecture_energy": 48.238, "architecture_maturity": 13.736, "architecture_confidence": 65.442, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 17.06, "rotation_up": 71.28, "upward_expansion": 54.77, "deceleration": 30.7, "rotation_down": 18.58, "downward_expansion": 13.1 }, "activity_lines": [ 7.094, 7.039236, 6.932171, 6.922413 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 7.26, "trend_reference": 6.9361, "distance_from_trend": 0.046698, "trend_direction": "Improving", "fair_value": 6.456635, "distance_from_fair_value": 0.124425, "fair_value_direction": "Improving", "relative_strength": -9.194728, "relative_strength_direction": "Improving", "price_momentum": 0.023833, "excess_performance": -0.147059, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.046698, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.014772, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.124425, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.057977, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.091947, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.036729, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.023833, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.210922, "read": "Demand-led" } ], "volume": { "latest": 54306, "relative_activity": 0.65882, "balance": 1.210922, "dry_up": 2.211806, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.022558, "annualized_volatility": 0.136569, "from_high_reference": -0.006568, "from_low_reference": 0.118989 }, "levels": { "trend_reference": 6.9361, "fair_value_reference": 6.456635, "structural_low": 6.5, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": 0.020005, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.008676, "regime_survival": 0.333333, "best_return": 0.041928, "worst_return": -0.054741, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.016749, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.013415, "regime_survival": 0.0, "best_return": 0.112525, "worst_return": -0.005594, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.011022, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.048089, "regime_survival": 0.25, "best_return": 0.13313, "worst_return": 0.004764, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.074632, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.1212, "regime_survival": 0.0, "best_return": 0.163557, "worst_return": -0.014292, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-03-21", "tenure": "Developing", "return": -0.016608, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-28", "end": "2025-04-04", "tenure": "New", "return": -0.051345, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-23", "tenure": "Developing", "return": 0.107879, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-06-27", "tenure": "Developing", "return": -0.005657, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-07-11", "tenure": "New", "return": 0.006297, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-09-12", "tenure": "Developing", "return": -0.009895, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-19", "end": "2025-11-07", "tenure": "Developing", "return": -0.003156, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-14", "end": "2026-01-16", "tenure": "Developing", "return": 0.065224, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-23", "end": "2026-02-06", "tenure": "New", "return": 0.017068, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-03-20", "tenure": "Developing", "return": -0.078285, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-05-15", "tenure": "Developing", "return": -0.010493, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-22", "end": "2026-06-12", "tenure": "New", "return": 0.010065, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-19", "end": "2026-07-03", "tenure": "New", "return": 0.023012, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.035368, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 5.306, "volume": 6981, "typical_volume": 86644.75, "trend": 5.269217, "fair_value": 5.259914, "relative_strength": -5.647362, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.820431, "energy": 18.904467, "activity_lines": [ 5.408333, 5.430727, 5.40639, 5.341088 ] }, { "date": "2023-08-25", "close": 5.35, "volume": 81888, "typical_volume": 90490.2, "trend": 5.277683, "fair_value": 5.260684, "relative_strength": -5.920273, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.494843, "energy": 21.8978, "activity_lines": [ 5.374933, 5.413418, 5.407124, 5.3463 ] }, { "date": "2023-09-01", "close": 5.463, "volume": 6279, "typical_volume": 90427.2, "trend": 5.28475, "fair_value": 5.262398, "relative_strength": -5.044975, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.841908, "energy": 22.697665, "activity_lines": [ 5.3924, 5.419436, 5.416905, 5.358256 ] }, { "date": "2023-09-08", "close": 5.343, "volume": 16299, "typical_volume": 90754.5, "trend": 5.28865, "fair_value": 5.263076, "relative_strength": -5.348591, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.885084, "energy": 13.97097, "activity_lines": [ 5.375667, 5.402927, 5.413414, 5.362014 ] }, { "date": "2023-09-15", "close": 5.399, "volume": 21915, "typical_volume": 89100.65, "trend": 5.29355, "fair_value": 5.264208, "relative_strength": -6.104393, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.141065, "energy": 9.999156, "activity_lines": [ 5.384133, 5.399655, 5.414071, 5.369133 ] }, { "date": "2023-09-22", "close": 5.254, "volume": 2484, "typical_volume": 88497.4, "trend": 5.296383, "fair_value": 5.264124, "relative_strength": -7.186904, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.383176, "energy": 9.208936, "activity_lines": [ 5.344733, 5.369836, 5.399757, 5.366582 ] }, { "date": "2023-09-29", "close": 5.267, "volume": 18694, "typical_volume": 88699.1, "trend": 5.299283, "fair_value": 5.264148, "relative_strength": -5.458569, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.651363, "energy": 20.994669, "activity_lines": [ 5.313133, 5.344564, 5.386781, 5.364686 ] }, { "date": "2023-10-06", "close": 5.168, "volume": 5884, "typical_volume": 87783.1, "trend": 5.303683, "fair_value": 5.263366, "relative_strength": -5.421062, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -35.96078, "energy": 50.589823, "activity_lines": [ 5.254067, 5.3064, 5.364733, 5.356216 ] }, { "date": "2023-10-13", "close": 5.266, "volume": 5733, "typical_volume": 87627.95, "trend": 5.313733, "fair_value": 5.263387, "relative_strength": -4.69712, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.557509, "energy": 49.592736, "activity_lines": [ 5.247333, 5.293, 5.352914, 5.353785 ] }, { "date": "2023-10-20", "close": 5.107, "volume": 25175, "typical_volume": 88181.1, "trend": 5.319533, "fair_value": 5.262136, "relative_strength": -4.289699, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.483043, "energy": 62.577515, "activity_lines": [ 5.192733, 5.253873, 5.325862, 5.340447 ] }, { "date": "2023-10-27", "close": 5.119, "volume": 8773, "typical_volume": 29409.3, "trend": 5.3194, "fair_value": 5.261, "relative_strength": -3.490275, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.937352, "energy": 62.874914, "activity_lines": [ 5.1616, 5.222364, 5.301333, 5.32751 ] }, { "date": "2023-11-03", "close": 5.366, "volume": 3167, "typical_volume": 26728.2, "trend": 5.331933, "fair_value": 5.261827, "relative_strength": -3.472358, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -47.718907, "energy": 32.907237, "activity_lines": [ 5.2218, 5.239164, 5.301962, 5.330516 ] }, { "date": "2023-11-10", "close": 5.348, "volume": 5374, "typical_volume": 26331.55, "trend": 5.341, "fair_value": 5.2625, "relative_strength": -2.982707, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -34.452788, "energy": 21.916648, "activity_lines": [ 5.2694, 5.2524, 5.301529, 5.331553 ] }, { "date": "2023-11-17", "close": 5.458, "volume": 27290, "typical_volume": 26904.0, "trend": 5.353133, "fair_value": 5.264016, "relative_strength": -4.086183, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.355367, "energy": 13.927004, "activity_lines": [ 5.341667, 5.287727, 5.311933, 5.339101 ] }, { "date": "2023-11-24", "close": 5.483, "volume": 17118, "typical_volume": 26016.2, "trend": 5.364067, "fair_value": 5.2657, "relative_strength": -3.170328, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.138547, "energy": 32.315845, "activity_lines": [ 5.409467, 5.325509, 5.324971, 5.34748 ] }, { "date": "2023-12-01", "close": 5.581, "volume": 9797, "typical_volume": 24547.05, "trend": 5.374267, "fair_value": 5.268107, "relative_strength": -2.834668, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.37283, "energy": 50.366966, "activity_lines": [ 5.484867, 5.379582, 5.346895, 5.361475 ] }, { "date": "2023-12-08", "close": 5.686, "volume": 389938, "typical_volume": 43574.05, "trend": 5.385733, "fair_value": 5.271273, "relative_strength": -2.310953, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.345909, "energy": 69.318741, "activity_lines": [ 5.564467, 5.4468, 5.377833, 5.381587 ] }, { "date": "2023-12-15", "close": 5.814, "volume": 31323, "typical_volume": 36317.8, "trend": 5.401, "fair_value": 5.275353, "relative_strength": 0.163226, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 88.841556, "energy": 90.034744, "activity_lines": [ 5.6654, 5.529673, 5.420305, 5.409217 ] }, { "date": "2023-12-22", "close": 5.813, "volume": 41956, "typical_volume": 37665.1, "trend": 5.419867, "fair_value": 5.279366, "relative_strength": 0.35678, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.138623, "energy": 92.120791, "activity_lines": [ 5.734933, 5.600618, 5.461424, 5.435798 ] }, { "date": "2023-12-29", "close": 5.815, "volume": 3020, "typical_volume": 36454.4, "trend": 5.4338, "fair_value": 5.283333, "relative_strength": 0.537605, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.31465, "energy": 90.213474, "activity_lines": [ 5.781467, 5.661982, 5.500962, 5.46129 ] }, { "date": "2024-01-05", "close": 5.74, "volume": 42239, "typical_volume": 38217.3, "trend": 5.443067, "fair_value": 5.286691, "relative_strength": -0.926544, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.498987, "energy": 85.932262, "activity_lines": [ 5.780867, 5.696836, 5.53141, 5.481045 ] }, { "date": "2024-01-12", "close": 5.756, "volume": 44759, "typical_volume": 36360.85, "trend": 5.4515, "fair_value": 5.290117, "relative_strength": -0.666614, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.358339, "energy": 76.962539, "activity_lines": [ 5.775, 5.723309, 5.561314, 5.501234 ] }, { "date": "2024-01-19", "close": 5.696, "volume": 29006, "typical_volume": 37497.2, "trend": 5.460567, "fair_value": 5.293058, "relative_strength": -1.045622, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.981457, "energy": 56.126353, "activity_lines": [ 5.744467, 5.731782, 5.583571, 5.517009 ] }, { "date": "2024-01-26", "close": 5.797, "volume": 11123, "typical_volume": 37238.4, "trend": 5.4701, "fair_value": 5.296683, "relative_strength": 0.413836, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.145252, "energy": 53.536064, "activity_lines": [ 5.755467, 5.752291, 5.614338, 5.538714 ] }, { "date": "2024-02-02", "close": 5.856, "volume": 12839, "typical_volume": 36784.6, "trend": 5.485667, "fair_value": 5.300679, "relative_strength": 0.359014, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.850472, "energy": 61.534875, "activity_lines": [ 5.7872, 5.777364, 5.648562, 5.563611 ] }, { "date": "2024-02-09", "close": 5.94, "volume": 12389, "typical_volume": 37279.85, "trend": 5.504533, "fair_value": 5.305213, "relative_strength": 0.377636, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.154555, "energy": 71.890382, "activity_lines": [ 5.8442, 5.810927, 5.68861, 5.592923 ] }, { "date": "2024-02-16", "close": 6.111, "volume": 21869, "typical_volume": 37438.6, "trend": 5.5233, "fair_value": 5.310887, "relative_strength": 1.358639, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.323028, "energy": 94.340953, "activity_lines": [ 5.944867, 5.869055, 5.741676, 5.632049 ] }, { "date": "2024-02-23", "close": 6.132, "volume": 79907, "typical_volume": 41139.75, "trend": 5.5427, "fair_value": 5.316629, "relative_strength": -1.266603, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.79489, "energy": 94.363196, "activity_lines": [ 6.028867, 5.923273, 5.792724, 5.67132 ] }, { "date": "2024-03-01", "close": 6.209, "volume": 24723, "typical_volume": 42089.25, "trend": 5.5683, "fair_value": 5.322826, "relative_strength": -0.757852, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.234281, "energy": 95.385368, "activity_lines": [ 6.109467, 5.985709, 5.846514, 5.714308 ] }, { "date": "2024-03-08", "close": 6.218, "volume": 144640, "typical_volume": 48062.5, "trend": 5.595367, "fair_value": 5.329, "relative_strength": -2.027798, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.894925, "energy": 92.945569, "activity_lines": [ 6.1656, 6.042582, 5.896671, 5.756224 ] }, { "date": "2024-03-15", "close": 6.224, "volume": 34596, "typical_volume": 49353.65, "trend": 5.625967, "fair_value": 5.33513, "relative_strength": -3.371058, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.484943, "energy": 90.753445, "activity_lines": [ 6.1996, 6.093218, 5.94211, 5.796781 ] }, { "date": "2024-03-22", "close": 6.388, "volume": 60504, "typical_volume": 52220.5, "trend": 5.660567, "fair_value": 5.342293, "relative_strength": -1.946625, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.289173, "energy": 93.063086, "activity_lines": [ 6.269333, 6.164873, 5.997905, 5.845944 ] }, { "date": "2024-03-29", "close": 6.443, "volume": 25516, "typical_volume": 53227.6, "trend": 5.693233, "fair_value": 5.34973, "relative_strength": -2.222842, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.842463, "energy": 81.761928, "activity_lines": [ 6.338933, 6.235036, 6.054071, 5.896424 ] }, { "date": "2024-04-05", "close": 6.312, "volume": 33722, "typical_volume": 53549.2, "trend": 5.725533, "fair_value": 5.356188, "relative_strength": -2.151614, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.142244, "energy": 67.870514, "activity_lines": [ 6.344133, 6.2678, 6.092548, 5.936344 ] }, { "date": "2024-04-12", "close": 6.332, "volume": 48888, "typical_volume": 55137.7, "trend": 5.756633, "fair_value": 5.362693, "relative_strength": -1.177793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.513875, "energy": 66.788786, "activity_lines": [ 6.349133, 6.294836, 6.128862, 5.975471 ] }, { "date": "2024-04-19", "close": 6.303, "volume": 97065, "typical_volume": 59501.1, "trend": 5.7916, "fair_value": 5.368921, "relative_strength": -2.110538, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.083218, "energy": 63.879797, "activity_lines": [ 6.336867, 6.307945, 6.158371, 6.01072 ] }, { "date": "2024-04-26", "close": 6.354, "volume": 31541, "typical_volume": 41581.25, "trend": 5.827833, "fair_value": 5.375401, "relative_strength": -2.21532, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.549151, "energy": 60.737264, "activity_lines": [ 6.336333, 6.323727, 6.1893, 6.047004 ] }, { "date": "2024-05-03", "close": 6.387, "volume": 58417, "typical_volume": 42935.95, "trend": 5.868467, "fair_value": 5.382013, "relative_strength": 0.137585, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.287892, "energy": 60.886132, "activity_lines": [ 6.349067, 6.341091, 6.22019, 6.08308 ] }, { "date": "2024-05-10", "close": 6.627, "volume": 10648, "typical_volume": 41370.55, "trend": 5.913833, "fair_value": 5.390097, "relative_strength": 0.860662, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.30765, "energy": 70.817281, "activity_lines": [ 6.445533, 6.397455, 6.27121, 6.132017 ] }, { "date": "2024-05-17", "close": 6.55, "volume": 15736, "typical_volume": 42006.35, "trend": 5.961933, "fair_value": 5.397581, "relative_strength": -2.305811, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.626849, "energy": 68.674881, "activity_lines": [ 6.495333, 6.432218, 6.311019, 6.17306 ] }, { "date": "2024-05-24", "close": 6.465, "volume": 4655, "typical_volume": 40127.15, "trend": 6.0068, "fair_value": 5.404423, "relative_strength": -0.944778, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.410707, "energy": 64.943691, "activity_lines": [ 6.502267, 6.445491, 6.339233, 6.205516 ] }, { "date": "2024-05-31", "close": 6.324, "volume": 30577, "typical_volume": 39418.05, "trend": 6.038733, "fair_value": 5.412756, "relative_strength": -2.949755, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.413529, "energy": 53.885672, "activity_lines": [ 6.4514, 6.428745, 6.350567, 6.225981 ] }, { "date": "2024-06-07", "close": 6.251, "volume": 69736, "typical_volume": 41454.55, "trend": 6.068833, "fair_value": 5.420564, "relative_strength": -4.333069, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.958254, "energy": 30.082351, "activity_lines": [ 6.3782, 6.399891, 6.352243, 6.239675 ] }, { "date": "2024-06-14", "close": 6.276, "volume": 24531, "typical_volume": 42124.95, "trend": 6.0961, "fair_value": 5.428442, "relative_strength": 1.97165, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.468437, "energy": 23.19391, "activity_lines": [ 6.3224, 6.379073, 6.353657, 6.253041 ] }, { "date": "2024-06-21", "close": 6.334, "volume": 13158, "typical_volume": 42140.9, "trend": 6.124467, "fair_value": 5.436641, "relative_strength": 1.018922, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.102134, "energy": 24.333153, "activity_lines": [ 6.309333, 6.369455, 6.358314, 6.268389 ] }, { "date": "2024-06-28", "close": 6.288, "volume": 16866, "typical_volume": 42364.75, "trend": 6.148033, "fair_value": 5.443782, "relative_strength": 0.811296, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.669389, "energy": 17.984207, "activity_lines": [ 6.295333, 6.351436, 6.356314, 6.27894 ] }, { "date": "2024-07-05", "close": 6.232, "volume": 18677, "typical_volume": 42205.15, "trend": 6.166233, "fair_value": 5.450468, "relative_strength": -2.432047, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.564187, "energy": 12.804953, "activity_lines": [ 6.274467, 6.323509, 6.347324, 6.284357 ] }, { "date": "2024-07-12", "close": 6.422, "volume": 21455, "typical_volume": 39282.55, "trend": 6.1865, "fair_value": 5.457692, "relative_strength": -1.163529, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.891637, "energy": 13.054382, "activity_lines": [ 6.323067, 6.332345, 6.355852, 6.300858 ] }, { "date": "2024-07-19", "close": 6.422, "volume": 14895, "typical_volume": 38791.15, "trend": 6.2068, "fair_value": 5.464744, "relative_strength": -0.062324, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.198682, "energy": 20.304537, "activity_lines": [ 6.360267, 6.340545, 6.363, 6.316052 ] }, { "date": "2024-07-26", "close": 6.495, "volume": 5987, "typical_volume": 31858.5, "trend": 6.229467, "fair_value": 5.471474, "relative_strength": 2.239941, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 50.07971, "energy": 31.354916, "activity_lines": [ 6.412067, 6.365745, 6.376086, 6.334645 ] }, { "date": "2024-08-02", "close": 6.375, "volume": 45139, "typical_volume": 32385.65, "trend": 6.250633, "fair_value": 5.476679, "relative_strength": 5.875476, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 38.286322, "energy": 28.142523, "activity_lines": [ 6.413133, 6.370127, 6.376424, 6.344034 ] }, { "date": "2024-08-09", "close": 6.261, "volume": 86661, "typical_volume": 33693.5, "trend": 6.267467, "fair_value": 5.480474, "relative_strength": 4.695426, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.571281, "energy": 13.825062, "activity_lines": [ 6.3704, 6.355418, 6.365186, 6.344703 ] }, { "date": "2024-08-16", "close": 6.371, "volume": 6492, "typical_volume": 32742.3, "trend": 6.289967, "fair_value": 5.48491, "relative_strength": 2.457642, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.442645, "energy": 14.950252, "activity_lines": [ 6.3624, 6.361855, 6.365029, 6.351383 ] }, { "date": "2024-08-23", "close": 6.424, "volume": 23481, "typical_volume": 32230.25, "trend": 6.310867, "fair_value": 5.489615, "relative_strength": 1.427379, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.569481, "energy": 14.604654, "activity_lines": [ 6.375467, 6.375745, 6.370262, 6.36003 ] }, { "date": "2024-08-30", "close": 6.47, "volume": 14415, "typical_volume": 30506.6, "trend": 6.331333, "fair_value": 5.494205, "relative_strength": 0.030024, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.892313, "energy": 22.963756, "activity_lines": [ 6.403733, 6.395309, 6.379343, 6.370297 ] }, { "date": "2024-09-06", "close": 6.232, "volume": 61757, "typical_volume": 28741.2, "trend": 6.341067, "fair_value": 5.497583, "relative_strength": -0.497251, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.912303, "energy": 5.776826, "activity_lines": [ 6.354333, 6.369127, 6.3651, 6.363888 ] }, { "date": "2024-09-13", "close": 6.417, "volume": 22994, "typical_volume": 28313.85, "trend": 6.351267, "fair_value": 5.502917, "relative_strength": 1.566275, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.388769, "energy": 15.879167, "activity_lines": [ 6.376133, 6.3776, 6.368814, 6.368787 ] }, { "date": "2024-09-20", "close": 6.474, "volume": 86529, "typical_volume": 29719.45, "trend": 6.362667, "fair_value": 5.508904, "relative_strength": 1.797558, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 54.932354, "energy": 27.957248, "activity_lines": [ 6.406533, 6.393073, 6.377657, 6.376705 ] }, { "date": "2024-09-27", "close": 6.599, "volume": 12866, "typical_volume": 29830.35, "trend": 6.375667, "fair_value": 5.516962, "relative_strength": 0.843272, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 66.787137, "energy": 44.445458, "activity_lines": [ 6.471733, 6.430327, 6.39799, 6.391953 ] }, { "date": "2024-10-04", "close": 6.573, "volume": 23439, "typical_volume": 30215.5, "trend": 6.3875, "fair_value": 5.52459, "relative_strength": 3.729511, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 63.849792, "energy": 59.492677, "activity_lines": [ 6.5166, 6.459636, 6.415981, 6.404684 ] }, { "date": "2024-10-11", "close": 6.649, "volume": 16986, "typical_volume": 30832.05, "trend": 6.401667, "fair_value": 5.531821, "relative_strength": 2.668635, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.34584, "energy": 70.786169, "activity_lines": [ 6.579933, 6.501345, 6.4411, 6.421555 ] }, { "date": "2024-10-18", "close": 6.755, "volume": 25282, "typical_volume": 30567.3, "trend": 6.4139, "fair_value": 5.539077, "relative_strength": 1.596819, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.234291, "energy": 79.741723, "activity_lines": [ 6.6508, 6.557345, 6.475438, 6.444351 ] }, { "date": "2024-10-25", "close": 6.564, "volume": 18185, "typical_volume": 27989.75, "trend": 6.417933, "fair_value": 5.544603, "relative_strength": -0.072561, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.018177, "energy": 66.845761, "activity_lines": [ 6.635467, 6.569636, 6.489533, 6.454034 ] }, { "date": "2024-11-01", "close": 6.526, "volume": 18496, "typical_volume": 27688.0, "trend": 6.425067, "fair_value": 5.549321, "relative_strength": -0.375379, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.714205, "energy": 54.136147, "activity_lines": [ 6.601467, 6.571509, 6.498519, 6.461006 ] }, { "date": "2024-11-08", "close": 6.79, "volume": 23463, "typical_volume": 28203.25, "trend": 6.440333, "fair_value": 5.555224, "relative_strength": 6.14553, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.921468, "energy": 58.394062, "activity_lines": [ 6.660333, 6.619527, 6.531457, 6.484551 ] }, { "date": "2024-11-15", "close": 6.745, "volume": 25586, "typical_volume": 28639.25, "trend": 6.455067, "fair_value": 5.56059, "relative_strength": 4.156033, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.105784, "energy": 47.771766, "activity_lines": [ 6.689733, 6.653545, 6.557938, 6.504206 ] }, { "date": "2024-11-22", "close": 6.96, "volume": 10656, "typical_volume": 28238.2, "trend": 6.475267, "fair_value": 5.568571, "relative_strength": 9.473565, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.780608, "energy": 75.003743, "activity_lines": [ 6.7844, 6.717327, 6.602719, 6.536783 ] }, { "date": "2024-11-29", "close": 6.959, "volume": 61439, "typical_volume": 30237.4, "trend": 6.494333, "fair_value": 5.576821, "relative_strength": 9.478324, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.922551, "energy": 84.259876, "activity_lines": [ 6.865067, 6.771055, 6.643938, 6.567991 ] }, { "date": "2024-12-06", "close": 6.966, "volume": 2116558, "typical_volume": 135320.55, "trend": 6.505633, "fair_value": 5.584269, "relative_strength": 5.235318, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.676626, "energy": 86.042982, "activity_lines": [ 6.921733, 6.817236, 6.683267, 6.598422 ] }, { "date": "2024-12-13", "close": 6.803, "volume": 57991, "typical_volume": 137920.75, "trend": 6.514067, "fair_value": 5.590551, "relative_strength": 2.326481, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.003014, "energy": 77.250737, "activity_lines": [ 6.894733, 6.827109, 6.704481, 6.617606 ] }, { "date": "2024-12-20", "close": 6.583, "volume": 98211, "typical_volume": 140574.35, "trend": 6.518, "fair_value": 5.595532, "relative_strength": 2.274959, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.536534, "energy": 37.958077, "activity_lines": [ 6.793533, 6.7928, 6.703276, 6.622054 ] }, { "date": "2024-12-27", "close": 6.565, "volume": 134040, "typical_volume": 142943.3, "trend": 6.526033, "fair_value": 5.599763, "relative_strength": 0.809917, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.689527, "energy": 19.006031, "activity_lines": [ 6.697133, 6.756418, 6.699367, 6.625086 ] }, { "date": "2025-01-03", "close": 6.563, "volume": 61784, "typical_volume": 145707.9, "trend": 6.536433, "fair_value": 5.605276, "relative_strength": 0.838569, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.294578, "energy": 23.403027, "activity_lines": [ 6.6264, 6.723127, 6.693819, 6.627471 ] }, { "date": "2025-01-10", "close": 6.488, "volume": 32166, "typical_volume": 146142.15, "trend": 6.5435, "fair_value": 5.61175, "relative_strength": -3.007532, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.63094, "energy": 28.12905, "activity_lines": [ 6.557067, 6.676218, 6.680214, 6.624346 ] }, { "date": "2025-01-17", "close": 6.725, "volume": 1671275, "typical_volume": 228985.15, "trend": 6.556533, "fair_value": 5.620109, "relative_strength": -2.703814, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.256346, "energy": 20.662051, "activity_lines": [ 6.5986, 6.673091, 6.688876, 6.636056 ] }, { "date": "2025-01-24", "close": 6.581, "volume": 49750, "typical_volume": 228384.8, "trend": 6.5663, "fair_value": 5.628923, "relative_strength": -4.523948, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.87908, "energy": 14.280835, "activity_lines": [ 6.597333, 6.644964, 6.68261, 6.637634 ] }, { "date": "2025-01-31", "close": 6.721, "volume": 577922, "typical_volume": 256131.2, "trend": 6.5826, "fair_value": 5.639154, "relative_strength": -3.155164, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.456464, "energy": 10.048192, "activity_lines": [ 6.642867, 6.645273, 6.688014, 6.647615 ] }, { "date": "2025-02-07", "close": 6.681, "volume": 100534, "typical_volume": 256831.45, "trend": 6.591233, "fair_value": 5.648744, "relative_strength": -5.14942, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.205972, "energy": 16.823274, "activity_lines": [ 6.664667, 6.642655, 6.688162, 6.653963 ] }, { "date": "2025-02-14", "close": 6.672, "volume": 52403, "typical_volume": 258808.3, "trend": 6.599567, "fair_value": 5.658237, "relative_strength": -7.418497, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.040766, "energy": 15.086345, "activity_lines": [ 6.6756, 6.643455, 6.686467, 6.659174 ] }, { "date": "2025-02-21", "close": 6.628, "volume": 51688, "typical_volume": 260220.75, "trend": 6.604, "fair_value": 5.667583, "relative_strength": -8.951008, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.311534, "energy": 14.832897, "activity_lines": [ 6.6596, 6.6416, 6.680233, 6.661009 ] }, { "date": "2025-02-28", "close": 6.719, "volume": 68791, "typical_volume": 262811.0, "trend": 6.615467, "fair_value": 5.677244, "relative_strength": -8.12251, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.748262, "energy": 16.489658, "activity_lines": [ 6.6804, 6.659473, 6.682405, 6.668428 ] }, { "date": "2025-03-07", "close": 6.546, "volume": 60469, "typical_volume": 264570.35, "trend": 6.624967, "fair_value": 5.685897, "relative_strength": -10.193468, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.819561, "energy": 4.29519, "activity_lines": [ 6.634333, 6.643418, 6.667767, 6.663946 ] }, { "date": "2025-03-14", "close": 6.452, "volume": 160062, "typical_volume": 271664.2, "trend": 6.627667, "fair_value": 5.692936, "relative_strength": -11.476604, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.01466, "energy": 34.956623, "activity_lines": [ 6.5686, 6.610618, 6.645171, 6.652787 ] }, { "date": "2025-03-21", "close": 6.454, "volume": 31445, "typical_volume": 272311.65, "trend": 6.628667, "fair_value": 5.700301, "relative_strength": -12.128227, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.64701, "energy": 49.657561, "activity_lines": [ 6.5188, 6.5802, 6.6233, 6.641583 ] }, { "date": "2025-03-28", "close": 6.505, "volume": 32201, "typical_volume": 272748.55, "trend": 6.629833, "fair_value": 5.707327, "relative_strength": -10.595014, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.391162, "energy": 51.62753, "activity_lines": [ 6.500533, 6.559673, 6.606629, 6.633604 ] }, { "date": "2025-04-04", "close": 6.171, "volume": 37696, "typical_volume": 273354.05, "trend": 6.6278, "fair_value": 5.712192, "relative_strength": -5.101199, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -81.764578, "energy": 77.65704, "activity_lines": [ 6.379133, 6.482418, 6.559505, 6.604002 ] }, { "date": "2025-04-11", "close": 6.016, "volume": 101708, "typical_volume": 277906.65, "trend": 6.614433, "fair_value": 5.716673, "relative_strength": -5.692645, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.809949, "energy": 81.970075, "activity_lines": [ 6.2426, 6.384436, 6.500352, 6.564531 ] }, { "date": "2025-04-18", "close": 6.161, "volume": 27395, "typical_volume": 276204.45, "trend": 6.604, "fair_value": 5.722038, "relative_strength": -8.522559, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.362681, "energy": 77.523398, "activity_lines": [ 6.189733, 6.325636, 6.459505, 6.535277 ] }, { "date": "2025-04-25", "close": 6.308, "volume": 16567, "typical_volume": 171204.9, "trend": 6.5943, "fair_value": 5.728801, "relative_strength": -9.616224, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.826125, "energy": 69.918275, "activity_lines": [ 6.205267, 6.303018, 6.436457, 6.516181 ] }, { "date": "2025-05-02", "close": 6.561, "volume": 264227, "typical_volume": 181516.7, "trend": 6.5939, "fair_value": 5.738942, "relative_strength": -8.217766, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.484751, "energy": 37.293863, "activity_lines": [ 6.314867, 6.333018, 6.440638, 6.514032 ] }, { "date": "2025-05-09", "close": 6.591, "volume": 158779, "typical_volume": 184545.1, "trend": 6.591967, "fair_value": 5.749115, "relative_strength": -10.017523, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.307296, "energy": 16.586284, "activity_lines": [ 6.430733, 6.369691, 6.448829, 6.513845 ] }, { "date": "2025-05-16", "close": 6.764, "volume": 49799, "typical_volume": 180333.05, "trend": 6.592267, "fair_value": 5.76134, "relative_strength": -10.403809, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -1.729758, "energy": 19.443319, "activity_lines": [ 6.576267, 6.440145, 6.473457, 6.524944 ] }, { "date": "2025-05-23", "close": 6.665, "volume": 25336, "typical_volume": 178510.65, "trend": 6.595633, "fair_value": 5.772343, "relative_strength": -8.89841, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 18.620941, "energy": 28.92604, "activity_lines": [ 6.638933, 6.488636, 6.48771, 6.529637 ] }, { "date": "2025-05-30", "close": 6.717, "volume": 22830, "typical_volume": 178043.85, "trend": 6.602, "fair_value": 5.783641, "relative_strength": -9.440981, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.940775, "energy": 31.402501, "activity_lines": [ 6.685333, 6.542709, 6.506429, 6.537467 ] }, { "date": "2025-06-06", "close": 6.809, "volume": 279810, "typical_volume": 108470.6, "trend": 6.602633, "fair_value": 5.796401, "relative_strength": -9.245695, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.731616, "energy": 44.039848, "activity_lines": [ 6.735133, 6.608727, 6.532819, 6.550822 ] }, { "date": "2025-06-13", "close": 6.67, "volume": 27799, "typical_volume": 107373.05, "trend": 6.600133, "fair_value": 5.810131, "relative_strength": -8.257089, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.450991, "energy": 34.172459, "activity_lines": [ 6.722067, 6.643945, 6.545571, 6.555168 ] }, { "date": "2025-06-20", "close": 6.64, "volume": 21593, "typical_volume": 79556.6, "trend": 6.589467, "fair_value": 5.822715, "relative_strength": -7.984831, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.188638, "energy": 21.296936, "activity_lines": [ 6.693733, 6.664636, 6.555043, 6.55774 ] }, { "date": "2025-06-27", "close": 6.679, "volume": 15272, "typical_volume": 75293.5, "trend": 6.580133, "fair_value": 5.835147, "relative_strength": -8.427649, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.439867, "energy": 20.347654, "activity_lines": [ 6.686667, 6.681073, 6.568614, 6.563516 ] }, { "date": "2025-07-04", "close": 6.67, "volume": 37768, "typical_volume": 74561.75, "trend": 6.570267, "fair_value": 5.846452, "relative_strength": -8.129506, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.122481, "energy": 12.193731, "activity_lines": [ 6.675667, 6.686455, 6.581338, 6.569314 ] }, { "date": "2025-07-11", "close": 6.712, "volume": 257487, "typical_volume": 84851.7, "trend": 6.567233, "fair_value": 5.85824, "relative_strength": -8.427625, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.678334, "energy": 24.234495, "activity_lines": [ 6.6818, 6.692891, 6.598071, 6.578458 ] }, { "date": "2025-07-18", "close": 6.771, "volume": 22890, "typical_volume": 82556.65, "trend": 6.5735, "fair_value": 5.86917, "relative_strength": -7.968023, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.300167, "energy": 40.087518, "activity_lines": [ 6.714067, 6.707309, 6.620024, 6.591604 ] }, { "date": "2025-07-25", "close": 6.71, "volume": 38342, "typical_volume": 81450.3, "trend": 6.578333, "fair_value": 5.87826, "relative_strength": -9.46352, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.799751, "energy": 42.903512, "activity_lines": [ 6.719267, 6.707364, 6.635919, 6.600411 ] }, { "date": "2025-08-01", "close": 6.77, "volume": 48298, "typical_volume": 75862.1, "trend": 6.585233, "fair_value": 5.887881, "relative_strength": -6.570972, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.579703, "energy": 50.741636, "activity_lines": [ 6.7398, 6.719309, 6.656748, 6.612776 ] }, { "date": "2025-08-08", "close": 6.9, "volume": 61504, "typical_volume": 77365.05, "trend": 6.598967, "fair_value": 5.897337, "relative_strength": -8.31903, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.712282, "energy": 64.510209, "activity_lines": [ 6.7976, 6.752982, 6.688443, 6.633084 ] }, { "date": "2025-08-15", "close": 6.905, "volume": 62040, "typical_volume": 78857.0, "trend": 6.604967, "fair_value": 5.906715, "relative_strength": -10.172523, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.422177, "energy": 70.805831, "activity_lines": [ 6.841733, 6.784236, 6.71849, 6.652828 ] }, { "date": "2025-08-22", "close": 6.952, "volume": 24216, "typical_volume": 78183.0, "trend": 6.617333, "fair_value": 5.917606, "relative_strength": -10.641168, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.030507, "energy": 78.273154, "activity_lines": [ 6.888667, 6.822291, 6.75111, 6.675217 ] }, { "date": "2025-08-29", "close": 6.809, "volume": 13024, "typical_volume": 73748.8, "trend": 6.620267, "fair_value": 5.928715, "relative_strength": -9.909556, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.882298, "energy": 68.464787, "activity_lines": [ 6.875867, 6.829218, 6.76639, 6.687583 ] }, { "date": "2025-09-05", "close": 6.781, "volume": 36653, "typical_volume": 74211.7, "trend": 6.6236, "fair_value": 5.938965, "relative_strength": -8.77485, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.720816, "energy": 46.560858, "activity_lines": [ 6.847133, 6.827982, 6.775229, 6.697953 ] }, { "date": "2025-09-12", "close": 6.704, "volume": 71636, "typical_volume": 76965.15, "trend": 6.624667, "fair_value": 5.948497, "relative_strength": -11.51989, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.865982, "energy": 26.084614, "activity_lines": [ 6.792, 6.810891, 6.773781, 6.70314 ] }, { "date": "2025-09-19", "close": 6.655, "volume": 173974, "typical_volume": 72452.5, "trend": 6.625567, "fair_value": 5.960016, "relative_strength": -11.309043, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.684345, "energy": 19.968155, "activity_lines": [ 6.7336, 6.784273, 6.765781, 6.705097 ] }, { "date": "2025-09-26", "close": 6.639, "volume": 56280, "typical_volume": 67327.55, "trend": 6.6229, "fair_value": 5.972096, "relative_strength": -11.887028, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.337377, "energy": 17.400995, "activity_lines": [ 6.686533, 6.755782, 6.75581, 6.705963 ] }, { "date": "2025-10-03", "close": 6.737, "volume": 44919, "typical_volume": 67083.55, "trend": 6.629267, "fair_value": 5.984955, "relative_strength": -11.466676, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.670357, "energy": 18.836847, "activity_lines": [ 6.693, 6.747509, 6.754943, 6.713325 ] }, { "date": "2025-10-10", "close": 6.706, "volume": 653043, "typical_volume": 98468.9, "trend": 6.637733, "fair_value": 5.997391, "relative_strength": -8.996667, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.864526, "energy": 16.206671, "activity_lines": [ 6.693933, 6.733109, 6.751252, 6.718275 ] }, { "date": "2025-10-17", "close": 6.716, "volume": 83340, "typical_volume": 101494.4, "trend": 6.646467, "fair_value": 6.010048, "relative_strength": -7.914267, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.792836, "energy": 11.488367, "activity_lines": [ 6.7032, 6.721691, 6.748319, 6.723325 ] }, { "date": "2025-10-24", "close": 6.838, "volume": 37762, "typical_volume": 89392.0, "trend": 6.657567, "fair_value": 6.021804, "relative_strength": -7.56719, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.549609, "energy": 19.698783, "activity_lines": [ 6.752333, 6.7358, 6.75701, 6.735682 ] }, { "date": "2025-10-31", "close": 6.672, "volume": 88075, "typical_volume": 92405.8, "trend": 6.674267, "fair_value": 6.032612, "relative_strength": -10.917043, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.510015, "energy": 9.23583, "activity_lines": [ 6.733933, 6.720945, 6.749752, 6.736613 ] }, { "date": "2025-11-07", "close": 6.634, "volume": 91176, "typical_volume": 95884.95, "trend": 6.694867, "fair_value": 6.041875, "relative_strength": -10.435159, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.020819, "energy": 3.752899, "activity_lines": [ 6.700667, 6.704273, 6.738867, 6.734015 ] }, { "date": "2025-11-14", "close": 6.608, "volume": 87736, "typical_volume": 99508.15, "trend": 6.709767, "fair_value": 6.051029, "relative_strength": -12.51127, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.324592, "energy": 23.145835, "activity_lines": [ 6.6656, 6.686055, 6.725533, 6.728411 ] }, { "date": "2025-11-21", "close": 6.616, "volume": 68854, "typical_volume": 101062.45, "trend": 6.720033, "fair_value": 6.059644, "relative_strength": -9.131855, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.519949, "energy": 41.204758, "activity_lines": [ 6.639733, 6.672436, 6.7133, 6.722361 ] }, { "date": "2025-11-28", "close": 6.749, "volume": 17764, "typical_volume": 89076.3, "trend": 6.7263, "fair_value": 6.069599, "relative_strength": -8.247213, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.515215, "energy": 34.908312, "activity_lines": [ 6.664867, 6.6846, 6.71399, 6.72423 ] }, { "date": "2025-12-05", "close": 6.71, "volume": 18339, "typical_volume": 88848.75, "trend": 6.730267, "fair_value": 6.079606, "relative_strength": -8.460044, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.645908, "energy": 22.469721, "activity_lines": [ 6.682933, 6.687964, 6.71079, 6.723178 ] }, { "date": "2025-12-12", "close": 6.615, "volume": 73653, "typical_volume": 90614.3, "trend": 6.7253, "fair_value": 6.090282, "relative_strength": -9.480841, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.495099, "energy": 24.83906, "activity_lines": [ 6.6668, 6.672764, 6.698833, 6.715742 ] }, { "date": "2025-12-19", "close": 6.65, "volume": 153663, "typical_volume": 95882.55, "trend": 6.7248, "fair_value": 6.101452, "relative_strength": -11.058713, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.239405, "energy": 20.395215, "activity_lines": [ 6.6636, 6.666145, 6.690662, 6.710884 ] }, { "date": "2025-12-26", "close": 6.617, "volume": 15281, "typical_volume": 93571.4, "trend": 6.721467, "fair_value": 6.112609, "relative_strength": -10.750081, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.228488, "energy": 28.763743, "activity_lines": [ 6.6466, 6.654545, 6.679919, 6.703929 ] }, { "date": "2026-01-02", "close": 6.614, "volume": 111124, "typical_volume": 96025.6, "trend": 6.714967, "fair_value": 6.12259, "relative_strength": -11.823731, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.050238, "energy": 41.726599, "activity_lines": [ 6.628533, 6.6442, 6.670238, 6.696996 ] }, { "date": "2026-01-09", "close": 6.854, "volume": 50388, "typical_volume": 97334.2, "trend": 6.7211, "fair_value": 6.133962, "relative_strength": -8.943107, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -10.804756, "energy": 6.192148, "activity_lines": [ 6.699467, 6.681564, 6.6848, 6.705966 ] }, { "date": "2026-01-16", "close": 7.039, "volume": 67409, "typical_volume": 100053.45, "trend": 6.7344, "fair_value": 6.147189, "relative_strength": -6.30341, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 35.299041, "energy": 44.62879, "activity_lines": [ 6.822467, 6.749255, 6.717448, 6.726475 ] }, { "date": "2026-01-23", "close": 6.972, "volume": 86443, "typical_volume": 102542.95, "trend": 6.744167, "fair_value": 6.159215, "relative_strength": -4.898461, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.662255, "energy": 58.663349, "activity_lines": [ 6.894867, 6.7974, 6.742619, 6.741804 ] }, { "date": "2026-01-30", "close": 6.853, "volume": 112147, "typical_volume": 104568.5, "trend": 6.750267, "fair_value": 6.169484, "relative_strength": -7.58185, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.866192, "energy": 57.914907, "activity_lines": [ 6.906133, 6.817291, 6.755548, 6.748826 ] }, { "date": "2026-02-06", "close": 7.091, "volume": 62745, "typical_volume": 99007.05, "trend": 6.7629, "fair_value": 6.181439, "relative_strength": -4.812618, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 77.670302, "energy": 80.300681, "activity_lines": [ 6.981, 6.876145, 6.790433, 6.770809 ] }, { "date": "2026-02-13", "close": 7.23, "volume": 94034, "typical_volume": 100894.75, "trend": 6.7782, "fair_value": 6.194119, "relative_strength": -1.80161, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.741901, "energy": 85.487994, "activity_lines": [ 7.0704, 6.954055, 6.836481, 6.800944 ] }, { "date": "2026-02-20", "close": 7.221, "volume": 64510, "typical_volume": 101874.3, "trend": 6.795233, "fair_value": 6.207272, "relative_strength": -3.927597, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.414364, "energy": 85.959849, "activity_lines": [ 7.131733, 7.020873, 6.878857, 6.829512 ] }, { "date": "2026-02-27", "close": 7.27, "volume": 66313, "typical_volume": 72537.8, "trend": 6.8119, "fair_value": 6.22067, "relative_strength": -4.560647, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.485121, "energy": 89.985533, "activity_lines": [ 7.197267, 7.085582, 6.923595, 6.860142 ] }, { "date": "2026-03-06", "close": 7.129, "volume": 70364, "typical_volume": 71889.0, "trend": 6.819533, "fair_value": 6.234087, "relative_strength": 0.16764, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.400927, "energy": 80.344046, "activity_lines": [ 7.195933, 7.113382, 6.952219, 6.8806 ] }, { "date": "2026-03-13", "close": 6.918, "volume": 52013, "typical_volume": 72601.55, "trend": 6.819967, "fair_value": 6.246609, "relative_strength": -3.033917, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.887284, "energy": 47.991968, "activity_lines": [ 7.105867, 7.093509, 6.958781, 6.886953 ] }, { "date": "2026-03-20", "close": 6.664, "volume": 54790, "typical_volume": 70937.3, "trend": 6.810367, "fair_value": 6.257705, "relative_strength": -3.262949, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 12.784186, "energy": 14.641084, "activity_lines": [ 6.942667, 7.021927, 6.940771, 6.87689 ] }, { "date": "2026-03-27", "close": 6.671, "volume": 67093, "typical_volume": 69733.15, "trend": 6.805767, "fair_value": 6.267628, "relative_strength": -4.200416, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.786789, "energy": 23.202496, "activity_lines": [ 6.819533, 6.955073, 6.923467, 6.867899 ] }, { "date": "2026-04-03", "close": 6.873, "volume": 44833, "typical_volume": 67588.0, "trend": 6.808833, "fair_value": 6.279699, "relative_strength": -5.848622, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -3.836714, "energy": 25.017709, "activity_lines": [ 6.8004, 6.931636, 6.925224, 6.872237 ] }, { "date": "2026-04-10", "close": 7.033, "volume": 37185, "typical_volume": 66004.55, "trend": 6.8198, "fair_value": 6.292244, "relative_strength": -7.347971, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.302058, "energy": 23.92617, "activity_lines": [ 6.861067, 6.939091, 6.940957, 6.886699 ] }, { "date": "2026-04-17", "close": 6.948, "volume": 41273, "typical_volume": 67180.0, "trend": 6.829567, "fair_value": 6.304128, "relative_strength": -10.514116, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.513096, "energy": 11.916352, "activity_lines": [ 6.8998, 6.927818, 6.94661, 6.89497 ] }, { "date": "2026-04-24", "close": 6.933, "volume": 102629, "typical_volume": 71394.5, "trend": 6.839367, "fair_value": 6.315526, "relative_strength": -8.174241, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.292119, "energy": 17.558374, "activity_lines": [ 6.931533, 6.916418, 6.949886, 6.901643 ] }, { "date": "2026-05-01", "close": 6.907, "volume": 33399, "typical_volume": 69381.8, "trend": 6.845033, "fair_value": 6.325987, "relative_strength": -9.328963, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.805227, "energy": 19.221911, "activity_lines": [ 6.936667, 6.905691, 6.949624, 6.906006 ] }, { "date": "2026-05-08", "close": 6.756, "volume": 67913, "typical_volume": 65094.3, "trend": 6.8467, "fair_value": 6.335051, "relative_strength": -12.86766, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.447625, "energy": 7.972833, "activity_lines": [ 6.875733, 6.873218, 6.93359, 6.900262 ] }, { "date": "2026-05-15", "close": 6.601, "volume": 122365, "typical_volume": 70448.5, "trend": 6.842867, "fair_value": 6.343032, "relative_strength": -14.229831, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.613182, "energy": 43.91447, "activity_lines": [ 6.770933, 6.821909, 6.90229, 6.884411 ] }, { "date": "2026-05-22", "close": 6.657, "volume": 64627, "typical_volume": 68123.65, "trend": 6.836833, "fair_value": 6.352071, "relative_strength": -13.82862, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.692516, "energy": 49.566172, "activity_lines": [ 6.7136, 6.790382, 6.8764, 6.872419 ] }, { "date": "2026-05-29", "close": 6.621, "volume": 51312, "typical_volume": 68169.85, "trend": 6.835133, "fair_value": 6.359917, "relative_strength": -14.825654, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.832023, "energy": 59.405983, "activity_lines": [ 6.663667, 6.757055, 6.846876, 6.858495 ] }, { "date": "2026-06-05", "close": 6.699, "volume": 26170, "typical_volume": 66107.9, "trend": 6.8373, "fair_value": 6.367846, "relative_strength": -13.214341, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.129484, "energy": 56.178848, "activity_lines": [ 6.660533, 6.738691, 6.82589, 6.849712 ] }, { "date": "2026-06-12", "close": 6.724, "volume": 8417, "typical_volume": 62206.6, "trend": 6.841167, "fair_value": 6.375673, "relative_strength": -15.197335, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.256287, "energy": 43.72588, "activity_lines": [ 6.6796, 6.724364, 6.808905, 6.842402 ] }, { "date": "2026-06-19", "close": 6.866, "volume": 11170, "typical_volume": 57157.75, "trend": 6.8495, "fair_value": 6.384917, "relative_strength": -15.205097, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.290727, "energy": 24.747941, "activity_lines": [ 6.748133, 6.738564, 6.806624, 6.844004 ] }, { "date": "2026-06-26", "close": 7.032, "volume": 1768, "typical_volume": 54108.9, "trend": 6.858933, "fair_value": 6.394667, "relative_strength": -10.123178, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -2.387572, "energy": 14.229289, "activity_lines": [ 6.854333, 6.785982, 6.82009, 6.855778 ] }, { "date": "2026-07-03", "close": 7.024, "volume": 7811, "typical_volume": 49797.75, "trend": 6.8694, "fair_value": 6.405147, "relative_strength": -12.476762, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 20.912433, "energy": 31.358097, "activity_lines": [ 6.932867, 6.830418, 6.833076, 6.866428 ] }, { "date": "2026-07-10", "close": 7.012, "volume": 231349, "typical_volume": 58139.7, "trend": 6.882633, "fair_value": 6.415647, "relative_strength": -11.90451, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.815074, "energy": 40.850706, "activity_lines": [ 6.980533, 6.871018, 6.8459, 6.875628 ] }, { "date": "2026-07-17", "close": 7.082, "volume": 520499, "typical_volume": 80849.0, "trend": 6.897033, "fair_value": 6.425481, "relative_strength": -9.407395, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.18545, "energy": 60.973961, "activity_lines": [ 7.030667, 6.922436, 6.866386, 6.88849 ] }, { "date": "2026-07-24", "close": 7.054, "volume": 39205, "typical_volume": 79291.05, "trend": 6.9116, "fair_value": 6.435122, "relative_strength": -9.295274, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.125607, "energy": 57.319479, "activity_lines": [ 7.0476, 6.962836, 6.8851, 6.898617 ] }, { "date": "2026-07-31", "close": 6.943, "volume": 115259, "typical_volume": 82453.35, "trend": 6.922567, "fair_value": 6.44475, "relative_strength": -10.942005, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.383447, "energy": 33.225983, "activity_lines": [ 7.015, 6.974818, 6.8936, 6.900643 ] }, { "date": "2026-08-07", "close": 7.26, "volume": 54306, "typical_volume": 82429.15, "trend": 6.9361, "fair_value": 6.456635, "relative_strength": -9.194728, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.600474, "energy": 48.238183, "activity_lines": [ 7.094, 7.039236, 6.932171, 6.922413 ] } ], "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." } } }