{ "ticker": { "uuid": "02b6b544-4458-419a-b000-5c59794b881c", "symbol": "ETBB", "name": "BNP Paribas Easy Euro Stoxx 50 UCITS ETF EUR C/D", "exchange": "GER", "country": "DE", "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": "^GDAXI", "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": 84.849, "architecture_energy": 72.225, "architecture_maturity": 32.812, "architecture_confidence": 91.801, "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": 8.4, "rotation_up": 63.36, "upward_expansion": 86.83, "deceleration": 52.94, "rotation_down": 23.05, "downward_expansion": 13.49 }, "activity_lines": [ 15.7628, 15.646473, 15.298989, 15.014424 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 16.142, "trend_reference": 14.74129, "distance_from_trend": 0.09502, "trend_direction": "Improving", "fair_value": 12.350826, "distance_from_fair_value": 0.306957, "fair_value_direction": "Improving", "relative_strength": 4.920991, "relative_strength_direction": "Weakening", "price_momentum": 0.110349, "excess_performance": 0.04571, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.09502, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.039306, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.306957, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.088177, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.04921, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.003916, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.110349, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.412741, "read": "Demand-led" } ], "volume": { "latest": 141431, "relative_activity": 1.107809, "balance": 4.412741, "dry_up": 0.808985, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.022887, "annualized_volatility": 0.169446, "from_high_reference": -0.002965, "from_low_reference": 0.265026 }, "levels": { "trend_reference": 14.74129, "fair_value_reference": 12.350826, "structural_low": 13.087301, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 40, "median_return": 0.005182, "positive_rate": 0.575, "directional_follow_through": 0.575, "median_excess_return": 0.004702, "regime_survival": 0.825, "best_return": 0.099003, "worst_return": -0.087554, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": 0.005413, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.008009, "regime_survival": 0.5, "best_return": 0.125973, "worst_return": -0.061153, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.072247, "positive_rate": 0.875, "directional_follow_through": 0.875, "median_excess_return": 0.017808, "regime_survival": 0.625, "best_return": 0.117248, "worst_return": -0.164978, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.126325, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.010881, "regime_survival": 0.25, "best_return": 0.172299, "worst_return": -0.108788, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-10-20", "end": "2023-11-24", "tenure": "Developing", "return": 0.087572, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-01", "end": "2023-12-22", "tenure": "New", "return": 0.02451, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-29", "end": "2024-06-14", "tenure": "Established", "return": 0.092179, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-21", "end": "2024-08-02", "tenure": "Developing", "return": -0.052969, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-09", "end": "2024-08-23", "tenure": "New", "return": 0.049957, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-30", "end": "2025-01-17", "tenure": "Established", "return": 0.04321, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-24", "end": "2025-03-28", "tenure": "Developing", "return": 0.023937, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": -0.015425, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-05-23", "tenure": "Developing", "return": 0.097142, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-30", "end": "2026-03-13", "tenure": "Extended", "return": 0.074158, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": 0.001461, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.067644, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-29", "tenure": "Developing", "return": 0.041205, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": 0.078866, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 9.600955, "volume": 66165, "typical_volume": 24357.75, "trend": 9.689134, "fair_value": 8.49635, "relative_strength": 0.753553, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.106935, "energy": 8.084212, "activity_lines": [ 9.822703, 9.8712, 9.86415, 9.797563 ] }, { "date": "2023-08-25", "close": 9.665132, "volume": 81349, "typical_volume": 28326.85, "trend": 9.701291, "fair_value": 8.513835, "relative_strength": 1.042002, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.098467, "energy": 14.219589, "activity_lines": [ 9.744712, 9.830827, 9.84723, 9.796014 ] }, { "date": "2023-09-01", "close": 9.767817, "volume": 26041, "typical_volume": 28563.25, "trend": 9.711244, "fair_value": 8.531674, "relative_strength": 0.72179, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.651896, "energy": 16.787787, "activity_lines": [ 9.72332, 9.815191, 9.839884, 9.800306 ] }, { "date": "2023-09-08", "close": 9.663299, "volume": 797, "typical_volume": 28395.05, "trend": 9.72174, "fair_value": 8.549136, "relative_strength": 0.245315, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.044155, "energy": 20.365894, "activity_lines": [ 9.694838, 9.779485, 9.822736, 9.797213 ] }, { "date": "2023-09-15", "close": 9.78982, "volume": 5059, "typical_volume": 28201.5, "trend": 9.730768, "fair_value": 8.567111, "relative_strength": 0.550209, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.450519, "energy": 15.517321, "activity_lines": [ 9.722464, 9.773084, 9.818482, 9.801605 ] }, { "date": "2023-09-22", "close": 9.604622, "volume": 44844, "typical_volume": 29286.4, "trend": 9.740967, "fair_value": 8.586255, "relative_strength": 0.735775, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.550233, "energy": 15.378863, "activity_lines": [ 9.691537, 9.73031, 9.796587, 9.793467 ] }, { "date": "2023-09-29", "close": 9.525776, "volume": 32745, "typical_volume": 30248.45, "trend": 9.73983, "fair_value": 8.604437, "relative_strength": 0.975801, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.621129, "energy": 28.502756, "activity_lines": [ 9.634083, 9.680702, 9.768043, 9.779584 ] }, { "date": "2023-10-06", "close": 9.465266, "volume": 16598, "typical_volume": 29227.2, "trend": 9.741179, "fair_value": 8.621374, "relative_strength": 1.329671, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.423923, "energy": 40.382955, "activity_lines": [ 9.565749, 9.628726, 9.734898, 9.76187 ] }, { "date": "2023-10-13", "close": 9.432261, "volume": 278, "typical_volume": 27469.05, "trend": 9.753688, "fair_value": 8.638186, "relative_strength": 1.204771, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.174035, "energy": 62.557823, "activity_lines": [ 9.506584, 9.583819, 9.700941, 9.74194 ] }, { "date": "2023-10-20", "close": 9.192053, "volume": 467147, "typical_volume": 50661.9, "trend": 9.752978, "fair_value": 8.654549, "relative_strength": 1.164928, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.321751, "energy": 73.519816, "activity_lines": [ 9.382752, 9.503239, 9.64608, 9.705705 ] }, { "date": "2023-10-27", "close": 9.159046, "volume": 193503, "typical_volume": 59272.8, "trend": 9.737367, "fair_value": 8.673502, "relative_strength": 1.504525, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.796037, "energy": 78.311786, "activity_lines": [ 9.287769, 9.428393, 9.591088, 9.667387 ] }, { "date": "2023-11-03", "close": 9.540444, "volume": 6037, "typical_volume": 59502.15, "trend": 9.734646, "fair_value": 8.691485, "relative_strength": 2.170613, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.049386, "energy": 64.434679, "activity_lines": [ 9.349623, 9.430926, 9.57524, 9.654682 ] }, { "date": "2023-11-10", "close": 9.580785, "volume": 231858, "typical_volume": 70079.85, "trend": 9.727348, "fair_value": 8.706752, "relative_strength": 2.218143, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.184455, "energy": 40.168803, "activity_lines": [ 9.423947, 9.443062, 9.565417, 9.644756 ] }, { "date": "2023-11-17", "close": 9.907173, "volume": 2431, "typical_volume": 69999.15, "trend": 9.729566, "fair_value": 8.723633, "relative_strength": 1.094489, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.309771, "energy": 12.814912, "activity_lines": [ 9.599365, 9.517941, 9.58729, 9.656357 ] }, { "date": "2023-11-24", "close": 9.997022, "volume": 115256, "typical_volume": 75356.1, "trend": 9.736498, "fair_value": 8.740302, "relative_strength": 1.252281, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 21.58478, "energy": 31.218177, "activity_lines": [ 9.773073, 9.604722, 9.618209, 9.673613 ] }, { "date": "2023-12-01", "close": 10.099705, "volume": 1632, "typical_volume": 73793.45, "trend": 9.74697, "fair_value": 8.757451, "relative_strength": -0.026023, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.391655, "energy": 44.101306, "activity_lines": [ 9.927343, 9.706406, 9.657213, 9.697045 ] }, { "date": "2023-12-08", "close": 10.349082, "volume": 164175, "typical_volume": 80239.8, "trend": 9.766288, "fair_value": 8.77691, "relative_strength": 0.208305, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.01809, "energy": 72.653737, "activity_lines": [ 10.102028, 9.844429, 9.719574, 9.735891 ] }, { "date": "2023-12-15", "close": 10.418759, "volume": 54669, "typical_volume": 81778.55, "trend": 9.781752, "fair_value": 8.796076, "relative_strength": 0.887405, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.693588, "energy": 81.555165, "activity_lines": [ 10.24603, 9.980152, 9.786912, 9.777986 ] }, { "date": "2023-12-22", "close": 10.347247, "volume": 118057, "typical_volume": 83987.1, "trend": 9.798438, "fair_value": 8.814839, "relative_strength": 0.433931, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 73.1542, "energy": 89.329982, "activity_lines": [ 10.31033, 10.085536, 9.846322, 9.81447 ] }, { "date": "2023-12-29", "close": 10.36375, "volume": 2444, "typical_volume": 81554.25, "trend": 9.816408, "fair_value": 8.833235, "relative_strength": 0.287091, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.702785, "energy": 88.413298, "activity_lines": [ 10.350792, 10.177285, 9.905043, 9.850941 ] }, { "date": "2024-01-05", "close": 10.217058, "volume": 120915, "typical_volume": 84291.75, "trend": 9.831933, "fair_value": 8.849681, "relative_strength": -0.205546, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.878173, "energy": 79.599001, "activity_lines": [ 10.317909, 10.221059, 9.947286, 9.87679 ] }, { "date": "2024-01-12", "close": 10.253732, "volume": 21371, "typical_volume": 81292.85, "trend": 9.840429, "fair_value": 8.866992, "relative_strength": -0.513888, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.851428, "energy": 57.796285, "activity_lines": [ 10.289426, 10.252265, 9.990089, 9.904003 ] }, { "date": "2024-01-19", "close": 10.184053, "volume": 631, "typical_volume": 80022.35, "trend": 9.856259, "fair_value": 8.883796, "relative_strength": -0.314415, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.846594, "energy": 46.415186, "activity_lines": [ 10.244074, 10.257832, 10.023452, 9.926172 ] }, { "date": "2024-01-26", "close": 10.61496, "volume": 8689, "typical_volume": 80416.95, "trend": 9.876429, "fair_value": 8.904986, "relative_strength": 1.377047, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.65787, "energy": 59.125128, "activity_lines": [ 10.358005, 10.330778, 10.095872, 9.975121 ] }, { "date": "2024-02-02", "close": 10.664468, "volume": 6969, "typical_volume": 80512.45, "trend": 9.910535, "fair_value": 8.924094, "relative_strength": 2.050986, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.130663, "energy": 76.500985, "activity_lines": [ 10.470591, 10.399856, 10.168476, 10.025962 ] }, { "date": "2024-02-09", "close": 10.814826, "volume": 8366, "typical_volume": 78688.55, "trend": 9.937123, "fair_value": 8.943628, "relative_strength": 3.348254, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.465349, "energy": 91.763993, "activity_lines": [ 10.613248, 10.484137, 10.251234, 10.084303 ] }, { "date": "2024-02-16", "close": 10.930346, "volume": 21571, "typical_volume": 78129.85, "trend": 9.968111, "fair_value": 8.963658, "relative_strength": 3.210938, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.520105, "energy": 94.709298, "activity_lines": [ 10.754561, 10.576419, 10.339232, 10.148382 ] }, { "date": "2024-02-23", "close": 11.185222, "volume": 2407, "typical_volume": 77420.3, "trend": 10.001484, "fair_value": 8.986348, "relative_strength": 3.688076, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.596123, "energy": 96.631657, "activity_lines": [ 10.935725, 10.704474, 10.444815, 10.226905 ] }, { "date": "2024-03-01", "close": 11.22923, "volume": 5532, "typical_volume": 77683.0, "trend": 10.046713, "fair_value": 9.00881, "relative_strength": 2.180909, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.043069, "energy": 95.563727, "activity_lines": [ 11.064813, 10.826595, 10.546399, 10.306115 ] }, { "date": "2024-03-08", "close": 11.38509, "volume": 51962, "typical_volume": 56923.75, "trend": 10.0983, "fair_value": 9.030056, "relative_strength": 3.047006, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.595766, "energy": 96.17696, "activity_lines": [ 11.204904, 10.961018, 10.654269, 10.392462 ] }, { "date": "2024-03-15", "close": 11.452934, "volume": 17222, "typical_volume": 48109.7, "trend": 10.160033, "fair_value": 9.051742, "relative_strength": 2.874651, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.190339, "energy": 94.257094, "activity_lines": [ 11.319567, 11.089206, 10.758158, 10.479857 ] }, { "date": "2024-03-22", "close": 11.54645, "volume": 33729, "typical_volume": 49494.3, "trend": 10.222743, "fair_value": 9.073561, "relative_strength": 2.122884, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.919209, "energy": 92.481534, "activity_lines": [ 11.422863, 11.211927, 10.86003, 10.569304 ] }, { "date": "2024-03-29", "close": 11.669304, "volume": 64079, "typical_volume": 41105.35, "trend": 10.286126, "fair_value": 9.095092, "relative_strength": 1.562921, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.095689, "energy": 81.486401, "activity_lines": [ 11.526035, 11.333481, 10.96405, 10.66263 ] }, { "date": "2024-04-05", "close": 11.502442, "volume": 25186, "typical_volume": 42243.1, "trend": 10.347431, "fair_value": 9.115038, "relative_strength": 1.808833, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.391577, "energy": 68.40007, "activity_lines": [ 11.541316, 11.397691, 11.042233, 10.741102 ] }, { "date": "2024-04-12", "close": 11.383256, "volume": 23628, "typical_volume": 37661.7, "trend": 10.400545, "fair_value": 9.133508, "relative_strength": 2.081921, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.525506, "energy": 66.713042, "activity_lines": [ 11.498653, 11.424096, 11.101468, 10.80793 ] }, { "date": "2024-04-19", "close": 11.302575, "volume": 14493, "typical_volume": 38304.75, "trend": 10.457144, "fair_value": 9.151695, "relative_strength": 2.405329, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.49258, "energy": 62.388989, "activity_lines": [ 11.429219, 11.422762, 11.146419, 10.866125 ] }, { "date": "2024-04-26", "close": 11.572121, "volume": 187, "typical_volume": 30105.35, "trend": 10.525355, "fair_value": 9.172066, "relative_strength": 2.330856, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.341454, "energy": 60.243141, "activity_lines": [ 11.459657, 11.461569, 11.211312, 10.938059 ] }, { "date": "2024-05-03", "close": 11.397925, "volume": 1474, "typical_volume": 27445.6, "trend": 10.589777, "fair_value": 9.190207, "relative_strength": 1.619999, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.205884, "energy": 48.637567, "activity_lines": [ 11.430319, 11.457035, 11.253792, 10.994354 ] }, { "date": "2024-05-10", "close": 11.801327, "volume": 86011, "typical_volume": 25843.3, "trend": 10.668746, "fair_value": 9.211075, "relative_strength": 0.848086, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.540153, "energy": 62.734449, "activity_lines": [ 11.55354, 11.521979, 11.330028, 11.072518 ] }, { "date": "2024-05-17", "close": 11.808661, "volume": 219440, "typical_volume": 36693.1, "trend": 10.755966, "fair_value": 9.23186, "relative_strength": 1.218487, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.640957, "energy": 67.33521, "activity_lines": [ 11.65928, 11.577855, 11.400038, 11.146061 ] }, { "date": "2024-05-24", "close": 11.768322, "volume": 23126, "typical_volume": 31803.65, "trend": 10.842942, "fair_value": 9.251727, "relative_strength": 0.890321, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.813547, "energy": 65.771059, "activity_lines": [ 11.723214, 11.618696, 11.459326, 11.211374 ] }, { "date": "2024-05-31", "close": 11.654634, "volume": 3747, "typical_volume": 30922.45, "trend": 10.913415, "fair_value": 9.270555, "relative_strength": 0.915387, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.328035, "energy": 60.30604, "activity_lines": [ 11.718201, 11.633131, 11.500399, 11.263742 ] }, { "date": "2024-06-07", "close": 11.815307, "volume": 70519, "typical_volume": 34416.85, "trend": 10.987899, "fair_value": 9.289937, "relative_strength": 1.900063, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.444814, "energy": 58.900514, "activity_lines": [ 11.761246, 11.674813, 11.550104, 11.321928 ] }, { "date": "2024-06-14", "close": 11.319071, "volume": 31990, "typical_volume": 35581.9, "trend": 11.034963, "fair_value": 9.306747, "relative_strength": 0.577122, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.786539, "energy": 33.367437, "activity_lines": [ 11.611053, 11.623616, 11.54478, 11.343294 ] }, { "date": "2024-06-21", "close": 11.470018, "volume": 74715, "typical_volume": 38969.2, "trend": 11.084062, "fair_value": 9.323949, "relative_strength": 0.955826, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.205453, "energy": 22.025043, "activity_lines": [ 11.543326, 11.603197, 11.55048, 11.371362 ] }, { "date": "2024-06-28", "close": 11.454924, "volume": 265356, "typical_volume": 51818.7, "trend": 11.129236, "fair_value": 9.341519, "relative_strength": 0.399713, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.080473, "energy": 19.505564, "activity_lines": [ 11.493144, 11.578457, 11.550906, 11.395289 ] }, { "date": "2024-07-05", "close": 11.651154, "volume": 13626, "typical_volume": 51421.45, "trend": 11.172639, "fair_value": 9.360557, "relative_strength": 0.753639, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.174535, "energy": 22.580424, "activity_lines": [ 11.529265, 11.586625, 11.566972, 11.428961 ] }, { "date": "2024-07-12", "close": 11.805873, "volume": 12009, "typical_volume": 51901.55, "trend": 11.218876, "fair_value": 9.380976, "relative_strength": 0.582594, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.568542, "energy": 27.453291, "activity_lines": [ 11.617191, 11.621486, 11.594341, 11.469815 ] }, { "date": "2024-07-19", "close": 11.29643, "volume": 16794, "typical_volume": 52464.65, "trend": 11.250515, "fair_value": 9.397087, "relative_strength": -0.716281, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.882172, "energy": 6.936167, "activity_lines": [ 11.535931, 11.556305, 11.570236, 11.474818 ] }, { "date": "2024-07-26", "close": 11.379451, "volume": 11194, "typical_volume": 50426.25, "trend": 11.284372, "fair_value": 9.41394, "relative_strength": -1.318933, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.121999, "energy": 5.670825, "activity_lines": [ 11.483855, 11.515398, 11.553718, 11.483137 ] }, { "date": "2024-08-02", "close": 10.862459, "volume": 3492, "typical_volume": 49739.75, "trend": 11.305885, "fair_value": 9.426339, "relative_strength": -1.756682, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.368225, "energy": 33.974276, "activity_lines": [ 11.265486, 11.388296, 11.487989, 11.455916 ] }, { "date": "2024-08-09", "close": 10.953027, "volume": 238361, "typical_volume": 59971.35, "trend": 11.329195, "fair_value": 9.438531, "relative_strength": -1.272065, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.789449, "energy": 52.694227, "activity_lines": [ 11.116804, 11.294131, 11.433698, 11.433151 ] }, { "date": "2024-08-16", "close": 11.3436, "volume": 102, "typical_volume": 56772.5, "trend": 11.367847, "fair_value": 9.454358, "relative_strength": -1.105208, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.604177, "energy": 49.034694, "activity_lines": [ 11.144854, 11.283737, 11.41943, 11.434081 ] }, { "date": "2024-08-23", "close": 11.500207, "volume": 20053, "typical_volume": 56515.85, "trend": 11.397355, "fair_value": 9.4706, "relative_strength": -1.408336, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.767104, "energy": 35.609547, "activity_lines": [ 11.255926, 11.310392, 11.421628, 11.44262 ] }, { "date": "2024-08-30", "close": 11.615303, "volume": 31376, "typical_volume": 56903.25, "trend": 11.42905, "fair_value": 9.487459, "relative_strength": -1.856827, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.057032, "energy": 5.620134, "activity_lines": [ 11.391777, 11.354681, 11.434798, 11.456681 ] }, { "date": "2024-09-06", "close": 11.092652, "volume": 15445, "typical_volume": 56950.85, "trend": 11.438311, "fair_value": 9.501367, "relative_strength": -3.151256, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.901298, "energy": 22.528625, "activity_lines": [ 11.337688, 11.301301, 11.397087, 11.434978 ] }, { "date": "2024-09-13", "close": 11.351148, "volume": 26849, "typical_volume": 58283.95, "trend": 11.452337, "fair_value": 9.517407, "relative_strength": -2.974456, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.054523, "energy": 17.46081, "activity_lines": [ 11.354418, 11.301507, 11.384994, 11.429355 ] }, { "date": "2024-09-20", "close": 11.413412, "volume": 38087, "typical_volume": 60114.6, "trend": 11.459944, "fair_value": 9.533437, "relative_strength": -2.526637, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.167539, "energy": 13.885233, "activity_lines": [ 11.365361, 11.318488, 11.379883, 11.426843 ] }, { "date": "2024-09-27", "close": 11.881346, "volume": 193898, "typical_volume": 65508.95, "trend": 11.481681, "fair_value": 9.554062, "relative_strength": -2.430283, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.864864, "energy": 15.468215, "activity_lines": [ 11.527629, 11.427684, 11.419264, 11.454031 ] }, { "date": "2024-10-04", "close": 11.617189, "volume": 49108, "typical_volume": 56992.35, "trend": 11.489417, "fair_value": 9.572473, "relative_strength": -2.798152, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.495918, "energy": 18.193907, "activity_lines": [ 11.576434, 11.478216, 11.433106, 11.462773 ] }, { "date": "2024-10-11", "close": 11.732286, "volume": 1464, "typical_volume": 55909.25, "trend": 11.498729, "fair_value": 9.590082, "relative_strength": -3.070275, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.590587, "energy": 32.473916, "activity_lines": [ 11.66348, 11.545353, 11.458821, 11.478442 ] }, { "date": "2024-10-18", "close": 11.690776, "volume": 104553, "typical_volume": 60949.55, "trend": 11.50354, "fair_value": 9.607358, "relative_strength": -4.728913, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.152637, "energy": 37.371536, "activity_lines": [ 11.694046, 11.589127, 11.480754, 11.490832 ] }, { "date": "2024-10-25", "close": 11.588888, "volume": 37670, "typical_volume": 59307.1, "trend": 11.500859, "fair_value": 9.623128, "relative_strength": -4.536085, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.298798, "energy": 28.315634, "activity_lines": [ 11.668008, 11.600963, 11.492812, 11.496339 ] }, { "date": "2024-11-01", "close": 11.449263, "volume": 33504, "typical_volume": 59382.8, "trend": 11.499087, "fair_value": 9.636375, "relative_strength": -4.565853, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.549187, "energy": 9.495747, "activity_lines": [ 11.58373, 11.582953, 11.49265, 11.49301 ] }, { "date": "2024-11-08", "close": 11.26058, "volume": 28965, "typical_volume": 57095.3, "trend": 11.494998, "fair_value": 9.648301, "relative_strength": -5.821071, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -24.397209, "energy": 15.08325, "activity_lines": [ 11.465364, 11.531562, 11.473899, 11.477622 ] }, { "date": "2024-11-15", "close": 11.247373, "volume": 88330, "typical_volume": 48244.0, "trend": 11.493158, "fair_value": 9.660308, "relative_strength": -5.801317, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.783734, "energy": 30.346337, "activity_lines": [ 11.366368, 11.48422, 11.454887, 11.461646 ] }, { "date": "2024-11-22", "close": 11.25492, "volume": 51177, "typical_volume": 50121.55, "trend": 11.482584, "fair_value": 9.676065, "relative_strength": -6.163816, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.363488, "energy": 36.794731, "activity_lines": [ 11.302216, 11.435437, 11.437582, 11.446276 ] }, { "date": "2024-11-29", "close": 11.292656, "volume": 87609, "typical_volume": 53901.55, "trend": 11.479075, "fair_value": 9.692174, "relative_strength": -7.190262, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.471738, "energy": 43.267103, "activity_lines": [ 11.2797, 11.395265, 11.425758, 11.434023 ] }, { "date": "2024-12-06", "close": 11.707758, "volume": 57159, "typical_volume": 55919.8, "trend": 11.475956, "fair_value": 9.709282, "relative_strength": -7.233211, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.897275, "energy": 11.982402, "activity_lines": [ 11.4153, 11.432762, 11.455911, 11.448777 ] }, { "date": "2024-12-13", "close": 11.677569, "volume": 30789, "typical_volume": 56899.55, "trend": 11.471587, "fair_value": 9.726783, "relative_strength": -7.426139, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.498622, "energy": 10.555054, "activity_lines": [ 11.523604, 11.467925, 11.481231, 11.461784 ] }, { "date": "2024-12-20", "close": 11.445489, "volume": 96459, "typical_volume": 61547.9, "trend": 11.460825, "fair_value": 9.74128, "relative_strength": -6.760882, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.255095, "energy": 9.834129, "activity_lines": [ 11.526748, 11.459795, 11.483028, 11.4601 ] }, { "date": "2024-12-27", "close": 11.511527, "volume": 250, "typical_volume": 49642.35, "trend": 11.456055, "fair_value": 9.755668, "relative_strength": -6.566032, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 33.730077, "energy": 24.503057, "activity_lines": [ 11.538698, 11.468886, 11.488338, 11.463371 ] }, { "date": "2025-01-03", "close": 11.45681, "volume": 3662, "typical_volume": 49820.35, "trend": 11.444105, "fair_value": 9.769716, "relative_strength": -6.527567, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 30.067991, "energy": 19.961459, "activity_lines": [ 11.515301, 11.471287, 11.485777, 11.46342 ] }, { "date": "2025-01-10", "close": 11.711531, "volume": 73325, "typical_volume": 52483.95, "trend": 11.457187, "fair_value": 9.785818, "relative_strength": -5.807159, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.026229, "energy": 29.509367, "activity_lines": [ 11.565868, 11.522403, 11.506937, 11.480673 ] }, { "date": "2025-01-17", "close": 12.117199, "volume": 3630, "typical_volume": 51096.65, "trend": 11.47876, "fair_value": 9.805118, "relative_strength": -5.650191, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 74.368426, "energy": 62.226544, "activity_lines": [ 11.751406, 11.642508, 11.565725, 11.523255 ] }, { "date": "2025-01-24", "close": 12.296449, "volume": 55382, "typical_volume": 53093.5, "trend": 11.506811, "fair_value": 9.82682, "relative_strength": -6.304338, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.734232, "energy": 77.257641, "activity_lines": [ 11.967385, 11.779629, 11.639194, 11.576009 ] }, { "date": "2025-01-31", "close": 12.451167, "volume": 102069, "typical_volume": 56854.5, "trend": 11.533478, "fair_value": 9.850167, "relative_strength": -6.428756, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.334821, "energy": 87.133705, "activity_lines": [ 12.178207, 11.925806, 11.721666, 11.636935 ] }, { "date": "2025-02-07", "close": 12.545509, "volume": 35658, "typical_volume": 56733.05, "trend": 11.558132, "fair_value": 9.873232, "relative_strength": -5.770803, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.762697, "energy": 90.318912, "activity_lines": [ 12.357833, 12.067387, 11.807885, 11.702227 ] }, { "date": "2025-02-14", "close": 12.951176, "volume": 29138, "typical_volume": 48495.05, "trend": 11.613291, "fair_value": 9.899906, "relative_strength": -5.674707, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.795898, "energy": 95.885109, "activity_lines": [ 12.600101, 12.259946, 11.927349, 11.792101 ] }, { "date": "2025-02-21", "close": 12.911552, "volume": 67156, "typical_volume": 49397.45, "trend": 11.664361, "fair_value": 9.927722, "relative_strength": -4.821866, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.622335, "energy": 92.728917, "activity_lines": [ 12.746518, 12.422693, 12.037943, 11.87586 ] }, { "date": "2025-02-28", "close": 12.887024, "volume": 77626, "typical_volume": 53205.55, "trend": 11.731846, "fair_value": 9.961319, "relative_strength": -5.930794, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.680393, "energy": 89.38353, "activity_lines": [ 12.831803, 12.558545, 12.140039, 11.954741 ] }, { "date": "2025-03-07", "close": 12.887024, "volume": 62273, "typical_volume": 51091.55, "trend": 11.796313, "fair_value": 9.992889, "relative_strength": -7.570101, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.047758, "energy": 86.105839, "activity_lines": [ 12.877716, 12.668187, 12.236635, 12.029269 ] }, { "date": "2025-03-14", "close": 12.753059, "volume": 62522, "typical_volume": 52334.15, "trend": 11.843295, "fair_value": 10.020547, "relative_strength": -8.199007, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.712998, "energy": 64.85455, "activity_lines": [ 12.849916, 12.728462, 12.314777, 12.090994 ] }, { "date": "2025-03-21", "close": 12.779474, "volume": 52893, "typical_volume": 53303.6, "trend": 11.885937, "fair_value": 10.048979, "relative_strength": -7.402735, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.966191, "energy": 59.440598, "activity_lines": [ 12.817085, 12.769972, 12.38989, 12.151393 ] }, { "date": "2025-03-28", "close": 12.590793, "volume": 21956, "typical_volume": 52953.15, "trend": 11.918453, "fair_value": 10.07552, "relative_strength": -6.813232, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.145441, "energy": 44.990352, "activity_lines": [ 12.732807, 12.757759, 12.4407, 12.196868 ] }, { "date": "2025-04-04", "close": 11.498321, "volume": 204596, "typical_volume": 58766.45, "trend": 11.931976, "fair_value": 10.095783, "relative_strength": -7.171163, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 4.892504, "energy": 16.872252, "activity_lines": [ 12.305756, 12.538304, 12.38113, 12.169762 ] }, { "date": "2025-04-11", "close": 11.320959, "volume": 27921, "typical_volume": 57603.65, "trend": 11.930969, "fair_value": 10.114999, "relative_strength": -7.166876, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.600079, "energy": 37.3497, "activity_lines": [ 11.912164, 12.301113, 12.303474, 12.130342 ] }, { "date": "2025-04-18", "close": 11.660586, "volume": 24834, "typical_volume": 54464.9, "trend": 11.939208, "fair_value": 10.136546, "relative_strength": -7.87381, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.151507, "energy": 39.889129, "activity_lines": [ 11.736186, 12.146222, 12.257848, 12.112898 ] }, { "date": "2025-04-25", "close": 12.220975, "volume": 44112, "typical_volume": 53812.55, "trend": 11.950529, "fair_value": 10.161946, "relative_strength": -7.685168, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.256704, "energy": 35.450062, "activity_lines": [ 11.819835, 12.109309, 12.263841, 12.131076 ] }, { "date": "2025-05-02", "close": 12.540212, "volume": 57442, "typical_volume": 55145.2, "trend": 11.981297, "fair_value": 10.191558, "relative_strength": -8.47143, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.711154, "energy": 20.929624, "activity_lines": [ 12.04713, 12.143715, 12.297794, 12.16912 ] }, { "date": "2025-05-09", "close": 12.682338, "volume": 140895, "typical_volume": 57367.0, "trend": 12.012965, "fair_value": 10.220824, "relative_strength": -8.796744, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.061035, "energy": 24.609765, "activity_lines": [ 12.325173, 12.210714, 12.341175, 12.214349 ] }, { "date": "2025-05-16", "close": 12.995795, "volume": 74696, "typical_volume": 61089.3, "trend": 12.056466, "fair_value": 10.252702, "relative_strength": -7.342242, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.645257, "energy": 44.884395, "activity_lines": [ 12.628767, 12.338427, 12.408518, 12.277757 ] }, { "date": "2025-05-23", "close": 12.793314, "volume": 59223, "typical_volume": 63867.35, "trend": 12.096613, "fair_value": 10.280941, "relative_strength": -7.989509, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 49.196948, "energy": 44.307251, "activity_lines": [ 12.753211, 12.427348, 12.44951, 12.325296 ] }, { "date": "2025-05-30", "close": 12.89066, "volume": 78702, "typical_volume": 64136.2, "trend": 12.14466, "fair_value": 10.310175, "relative_strength": -8.432755, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.71559, "energy": 64.0227, "activity_lines": [ 12.834589, 12.533236, 12.493409, 12.376525 ] }, { "date": "2025-06-06", "close": 13.061991, "volume": 28009, "typical_volume": 65355.15, "trend": 12.204707, "fair_value": 10.343138, "relative_strength": -8.088573, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.268316, "energy": 70.656271, "activity_lines": [ 12.928431, 12.668253, 12.54801, 12.435707 ] }, { "date": "2025-06-13", "close": 12.732959, "volume": 39793, "typical_volume": 64575.7, "trend": 12.254227, "fair_value": 10.376281, "relative_strength": -7.134017, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.821714, "energy": 48.362512, "activity_lines": [ 12.877811, 12.734879, 12.566776, 12.469788 ] }, { "date": "2025-06-20", "close": 12.606407, "volume": 57798, "typical_volume": 62362.15, "trend": 12.299276, "fair_value": 10.407121, "relative_strength": -7.124007, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.112143, "energy": 34.257051, "activity_lines": [ 12.781632, 12.756048, 12.571411, 12.492509 ] }, { "date": "2025-06-27", "close": 12.822517, "volume": 13786, "typical_volume": 61268.55, "trend": 12.350271, "fair_value": 10.440526, "relative_strength": -7.926975, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.269096, "energy": 28.278274, "activity_lines": [ 12.783449, 12.793138, 12.595888, 12.526267 ] }, { "date": "2025-07-04", "close": 12.736852, "volume": 559097, "typical_volume": 87766.5, "trend": 12.384575, "fair_value": 10.472578, "relative_strength": -7.304342, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.150877, "energy": 22.082481, "activity_lines": [ 12.754764, 12.793526, 12.610887, 12.551208 ] }, { "date": "2025-07-11", "close": 12.96659, "volume": 40007, "typical_volume": 86409.05, "trend": 12.427542, "fair_value": 10.506387, "relative_strength": -7.15862, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.501544, "energy": 29.818024, "activity_lines": [ 12.812912, 12.826305, 12.648787, 12.588757 ] }, { "date": "2025-07-18", "close": 12.900394, "volume": 45332, "typical_volume": 84794.35, "trend": 12.476039, "fair_value": 10.538138, "relative_strength": -7.482905, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.983275, "energy": 40.543416, "activity_lines": [ 12.855355, 12.839296, 12.680121, 12.619263 ] }, { "date": "2025-07-25", "close": 12.902342, "volume": 72819, "typical_volume": 85321.65, "trend": 12.522399, "fair_value": 10.568261, "relative_strength": -6.928503, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.82676, "energy": 46.596396, "activity_lines": [ 12.887285, 12.848677, 12.711576, 12.646767 ] }, { "date": "2025-08-01", "close": 12.454546, "volume": 14711, "typical_volume": 82931.1, "trend": 12.555657, "fair_value": 10.595257, "relative_strength": -6.862164, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.368605, "energy": 16.37681, "activity_lines": [ 12.750221, 12.778339, 12.700311, 12.642389 ] }, { "date": "2025-08-08", "close": 12.89066, "volume": 69861, "typical_volume": 83779.5, "trend": 12.594961, "fair_value": 10.624257, "relative_strength": -6.273774, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.209196, "energy": 21.306693, "activity_lines": [ 12.783059, 12.793455, 12.732003, 12.664002 ] }, { "date": "2025-08-15", "close": 13.155443, "volume": 61800, "typical_volume": 85771.7, "trend": 12.62957, "fair_value": 10.65566, "relative_strength": -4.865849, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.233363, "energy": 34.927258, "activity_lines": [ 12.893905, 12.856712, 12.788382, 12.700162 ] }, { "date": "2025-08-22", "close": 13.235268, "volume": 62080, "typical_volume": 78645.9, "trend": 12.660864, "fair_value": 10.689392, "relative_strength": -4.06317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.512518, "energy": 46.142047, "activity_lines": [ 13.018768, 12.932785, 12.849675, 12.73924 ] }, { "date": "2025-08-29", "close": 12.902342, "volume": 86428, "typical_volume": 81571.25, "trend": 12.675903, "fair_value": 10.721822, "relative_strength": -4.431158, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.209681, "energy": 54.401292, "activity_lines": [ 13.010332, 12.939192, 12.870989, 12.754819 ] }, { "date": "2025-09-05", "close": 12.828359, "volume": 86797, "typical_volume": 84669.4, "trend": 12.685331, "fair_value": 10.753401, "relative_strength": -3.544964, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.719635, "energy": 47.633997, "activity_lines": [ 12.977234, 12.926767, 12.877727, 12.764655 ] }, { "date": "2025-09-12", "close": 13.001636, "volume": 86887, "typical_volume": 86808.15, "trend": 12.687013, "fair_value": 10.787173, "relative_strength": -2.465112, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.361477, "energy": 35.298357, "activity_lines": [ 12.976975, 12.945741, 12.895407, 12.785062 ] }, { "date": "2025-09-19", "close": 13.167125, "volume": 17326, "typical_volume": 84802.35, "trend": 12.695532, "fair_value": 10.824068, "relative_strength": -0.799511, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.770829, "energy": 33.734851, "activity_lines": [ 13.02448, 12.989989, 12.92513, 12.816037 ] }, { "date": "2025-09-26", "close": 13.283941, "volume": 47404, "typical_volume": 80127.8, "trend": 12.708763, "fair_value": 10.862161, "relative_strength": -0.168409, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.920347, "energy": 45.616902, "activity_lines": [ 13.110145, 13.051831, 12.962993, 12.853999 ] }, { "date": "2025-10-03", "close": 13.651912, "volume": 81362, "typical_volume": 80461.1, "trend": 12.734259, "fair_value": 10.901714, "relative_strength": 0.069713, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.339387, "energy": 75.143403, "activity_lines": [ 13.315222, 13.173603, 13.033037, 12.914847 ] }, { "date": "2025-10-10", "close": 13.350137, "volume": 100935, "typical_volume": 82546.7, "trend": 12.754162, "fair_value": 10.939235, "relative_strength": -1.402032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.335965, "energy": 71.516301, "activity_lines": [ 13.369736, 13.226878, 13.071215, 12.954581 ] }, { "date": "2025-10-17", "close": 13.535096, "volume": 17292, "typical_volume": 79476.2, "trend": 12.779349, "fair_value": 10.976586, "relative_strength": 1.779588, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.783959, "energy": 75.829132, "activity_lines": [ 13.451118, 13.297499, 13.124357, 13.004964 ] }, { "date": "2025-10-24", "close": 13.679169, "volume": 113729, "typical_volume": 83762.2, "trend": 12.815628, "fair_value": 11.012919, "relative_strength": 1.236248, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.333087, "energy": 79.017933, "activity_lines": [ 13.54496, 13.382598, 13.188152, 13.063017 ] }, { "date": "2025-10-31", "close": 13.679169, "volume": 35906, "typical_volume": 83567.85, "trend": 12.888323, "fair_value": 11.048232, "relative_strength": 2.509769, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.739158, "energy": 76.206382, "activity_lines": [ 13.604666, 13.458174, 13.249008, 13.118729 ] }, { "date": "2025-11-07", "close": 13.445537, "volume": 123316, "typical_volume": 86843.75, "trend": 12.959142, "fair_value": 11.079371, "relative_strength": 2.47414, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.972682, "energy": 60.703112, "activity_lines": [ 13.560146, 13.483201, 13.283107, 13.154678 ] }, { "date": "2025-11-14", "close": 13.757047, "volume": 69616, "typical_volume": 89635.25, "trend": 13.029024, "fair_value": 11.111715, "relative_strength": 3.535225, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.719321, "energy": 59.415457, "activity_lines": [ 13.633222, 13.55499, 13.342878, 13.206156 ] }, { "date": "2025-11-21", "close": 13.346243, "volume": 27759, "typical_volume": 63068.35, "trend": 13.066533, "fair_value": 11.14081, "relative_strength": 3.872876, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.389323, "energy": 40.00603, "activity_lines": [ 13.542235, 13.535202, 13.359074, 13.226622 ] }, { "date": "2025-11-28", "close": 13.723948, "volume": 51311, "typical_volume": 63633.55, "trend": 13.105991, "fair_value": 11.172088, "relative_strength": 3.473233, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.435975, "energy": 41.624646, "activity_lines": [ 13.58974, 13.577822, 13.408341, 13.269036 ] }, { "date": "2025-12-05", "close": 13.85634, "volume": 37970, "typical_volume": 63265.45, "trend": 13.145125, "fair_value": 11.20471, "relative_strength": 3.631105, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.113764, "energy": 47.765577, "activity_lines": [ 13.67839, 13.634389, 13.46661, 13.317445 ] }, { "date": "2025-12-12", "close": 13.838818, "volume": 75174, "typical_volume": 63383.2, "trend": 13.173225, "fair_value": 11.23923, "relative_strength": 2.822769, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.841604, "energy": 45.328029, "activity_lines": [ 13.749388, 13.677364, 13.518658, 13.3622 ] }, { "date": "2025-12-19", "close": 13.942005, "volume": 129205, "typical_volume": 69107.9, "trend": 13.211515, "fair_value": 11.274177, "relative_strength": 3.160412, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.818442, "energy": 64.58757, "activity_lines": [ 13.828564, 13.735701, 13.576074, 13.411798 ] }, { "date": "2025-12-26", "close": 13.914748, "volume": 989, "typical_volume": 65664.3, "trend": 13.245651, "fair_value": 11.309127, "relative_strength": 2.755645, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.123844, "energy": 65.993673, "activity_lines": [ 13.886323, 13.778321, 13.623811, 13.457168 ] }, { "date": "2026-01-02", "close": 14.16785, "volume": 137455, "typical_volume": 69447.05, "trend": 13.282513, "fair_value": 11.342618, "relative_strength": 3.768589, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.758947, "energy": 75.639532, "activity_lines": [ 13.990549, 13.860057, 13.690776, 13.516665 ] }, { "date": "2026-01-09", "close": 14.520246, "volume": 65408, "typical_volume": 69613.45, "trend": 13.34209, "fair_value": 11.376488, "relative_strength": 3.325073, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.955426, "energy": 88.198466, "activity_lines": [ 14.182647, 13.99698, 13.786482, 13.596519 ] }, { "date": "2026-01-16", "close": 14.598123, "volume": 63183, "typical_volume": 68451.2, "trend": 13.40848, "fair_value": 11.411291, "relative_strength": 3.742864, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.344061, "energy": 92.774296, "activity_lines": [ 14.356443, 14.13277, 13.883486, 13.677553 ] }, { "date": "2026-01-23", "close": 14.415111, "volume": 56812, "typical_volume": 66951.95, "trend": 13.461567, "fair_value": 11.444077, "relative_strength": 4.058166, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.115984, "energy": 84.58616, "activity_lines": [ 14.418616, 14.214329, 13.954985, 13.742497 ] }, { "date": "2026-01-30", "close": 14.424846, "volume": 18168, "typical_volume": 63516.0, "trend": 13.517833, "fair_value": 11.475844, "relative_strength": 5.609748, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.332625, "energy": 77.647121, "activity_lines": [ 14.452492, 14.285693, 14.019855, 13.804644 ] }, { "date": "2026-02-06", "close": 14.537767, "volume": 57425, "typical_volume": 65520.95, "trend": 13.570206, "fair_value": 11.509109, "relative_strength": 5.605448, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.868257, "energy": 60.911584, "activity_lines": [ 14.490003, 14.357977, 14.088702, 13.870446 ] }, { "date": "2026-02-13", "close": 14.522192, "volume": 156225, "typical_volume": 70962.0, "trend": 13.624266, "fair_value": 11.541181, "relative_strength": 4.645854, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.348654, "energy": 57.775936, "activity_lines": [ 14.497661, 14.412633, 14.149539, 13.931865 ] }, { "date": "2026-02-20", "close": 14.8668, "volume": 175781, "typical_volume": 75682.95, "trend": 13.689747, "fair_value": 11.576874, "relative_strength": 5.628901, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.34574, "energy": 67.381529, "activity_lines": [ 14.620058, 14.517838, 14.2373, 14.012028 ] }, { "date": "2026-02-27", "close": 14.876534, "volume": 341420, "typical_volume": 87707.2, "trend": 13.77048, "fair_value": 11.610955, "relative_strength": 5.537891, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.358241, "energy": 78.653115, "activity_lines": [ 14.727788, 14.606123, 14.320202, 14.088595 ] }, { "date": "2026-03-06", "close": 14.004307, "volume": 382670, "typical_volume": 105976.1, "trend": 13.807602, "fair_value": 11.640311, "relative_strength": 6.357826, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.891356, "energy": 38.939556, "activity_lines": [ 14.514015, 14.518829, 14.312767, 14.103681 ] }, { "date": "2026-03-13", "close": 13.846605, "volume": 115075, "typical_volume": 106043.4, "trend": 13.830641, "fair_value": 11.671014, "relative_strength": 5.674662, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.466171, "energy": 16.154065, "activity_lines": [ 14.27571, 14.401234, 14.288078, 14.106197 ] }, { "date": "2026-03-20", "close": 13.326774, "volume": 201438, "typical_volume": 114320.0, "trend": 13.833691, "fair_value": 11.697382, "relative_strength": 6.420592, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -17.750969, "energy": 28.214166, "activity_lines": [ 13.910205, 14.194965, 14.213084, 14.073689 ] }, { "date": "2026-03-27", "close": 13.346243, "volume": 359813, "typical_volume": 126144.85, "trend": 13.848488, "fair_value": 11.721221, "relative_strength": 6.816508, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -35.732851, "energy": 43.603072, "activity_lines": [ 13.630885, 14.013936, 14.141622, 14.042241 ] }, { "date": "2026-04-03", "close": 13.815454, "volume": 214174, "typical_volume": 133372.75, "trend": 13.881391, "fair_value": 11.748101, "relative_strength": 6.289147, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.975737, "energy": 37.273171, "activity_lines": [ 13.609339, 13.940979, 14.11532, 14.04011 ] }, { "date": "2026-04-10", "close": 14.387854, "volume": 189860, "typical_volume": 141477.8, "trend": 13.927598, "fair_value": 11.777512, "relative_strength": 7.556163, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -5.744346, "energy": 20.444307, "activity_lines": [ 13.849331, 13.982997, 14.143254, 14.072785 ] }, { "date": "2026-04-17", "close": 14.749984, "volume": 175042, "typical_volume": 147664.35, "trend": 13.98036, "fair_value": 11.808983, "relative_strength": 6.08209, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 46.446016, "energy": 20.956089, "activity_lines": [ 14.184464, 14.09153, 14.200716, 14.125842 ] }, { "date": "2026-04-24", "close": 14.337233, "volume": 43780, "typical_volume": 147954.85, "trend": 14.01547, "fair_value": 11.838138, "relative_strength": 5.402226, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 36.293531, "energy": 28.337612, "activity_lines": [ 14.321788, 14.121159, 14.213983, 14.148866 ] }, { "date": "2026-05-01", "close": 14.358649, "volume": 93521, "typical_volume": 148872.2, "trend": 14.039028, "fair_value": 11.867452, "relative_strength": 4.6786, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 39.45409, "energy": 32.666712, "activity_lines": [ 14.398886, 14.158044, 14.227, 14.171007 ] }, { "date": "2026-05-08", "close": 14.500775, "volume": 153141, "typical_volume": 150069.0, "trend": 14.077382, "fair_value": 11.897781, "relative_strength": 5.312629, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.067112, "energy": 32.323791, "activity_lines": [ 14.455866, 14.23001, 14.251077, 14.200797 ] }, { "date": "2026-05-15", "close": 14.329446, "volume": 186115, "typical_volume": 159325.3, "trend": 14.103861, "fair_value": 11.925823, "relative_strength": 5.569696, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.044574, "energy": 32.443888, "activity_lines": [ 14.410048, 14.277657, 14.256176, 14.217059 ] }, { "date": "2026-05-22", "close": 14.828, "volume": 57928, "typical_volume": 155348.95, "trend": 14.142155, "fair_value": 11.957755, "relative_strength": 4.932036, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 62.192915, "energy": 38.022551, "activity_lines": [ 14.534309, 14.410038, 14.306781, 14.263778 ] }, { "date": "2026-05-29", "close": 14.928, "volume": 406455, "typical_volume": 172401.3, "trend": 14.183783, "fair_value": 11.990469, "relative_strength": 4.526755, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 63.615292, "energy": 46.388448, "activity_lines": [ 14.686702, 14.542758, 14.363767, 14.314477 ] }, { "date": "2026-06-05", "close": 14.962, "volume": 93711, "typical_volume": 173927.7, "trend": 14.234331, "fair_value": 12.02387, "relative_strength": 5.987796, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.104737, "energy": 57.283431, "activity_lines": [ 14.811044, 14.652547, 14.42205, 14.364685 ] }, { "date": "2026-06-12", "close": 15.264, "volume": 31248, "typical_volume": 172649.5, "trend": 14.284563, "fair_value": 12.057621, "relative_strength": 8.384587, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.690001, "energy": 72.984071, "activity_lines": [ 14.99583, 14.787867, 14.507361, 14.431115 ] }, { "date": "2026-06-19", "close": 15.536, "volume": 30156, "typical_volume": 173248.9, "trend": 14.357555, "fair_value": 12.094973, "relative_strength": 8.46947, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.584637, "energy": 80.874636, "activity_lines": [ 15.2204, 14.946304, 14.614535, 14.511853 ] }, { "date": "2026-06-26", "close": 15.364, "volume": 7711, "typical_volume": 170763.2, "trend": 14.412223, "fair_value": 12.129294, "relative_strength": 8.312275, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.028197, "energy": 79.601846, "activity_lines": [ 15.3072, 15.052593, 14.700037, 14.576785 ] }, { "date": "2026-07-03", "close": 15.842, "volume": 73944, "typical_volume": 166649.15, "trend": 14.478412, "fair_value": 12.169043, "relative_strength": 6.599591, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.339783, "energy": 88.81257, "activity_lines": [ 15.5176, 15.234628, 14.827128, 14.669029 ] }, { "date": "2026-07-10", "close": 15.484, "volume": 23624, "typical_volume": 159041.3, "trend": 14.533252, "fair_value": 12.204086, "relative_strength": 6.854694, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.479524, "energy": 81.363568, "activity_lines": [ 15.547733, 15.324212, 14.91384, 14.733905 ] }, { "date": "2026-07-17", "close": 15.4, "volume": 27161, "typical_volume": 143328.35, "trend": 14.581851, "fair_value": 12.238697, "relative_strength": 6.968542, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.130025, "energy": 71.738238, "activity_lines": [ 15.515067, 15.378063, 14.989612, 14.789825 ] }, { "date": "2026-07-24", "close": 15.528, "volume": 71031, "typical_volume": 127746.4, "trend": 14.635626, "fair_value": 12.272953, "relative_strength": 6.402712, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.464295, "energy": 61.436104, "activity_lines": [ 15.516, 15.438836, 15.075082, 14.850866 ] }, { "date": "2026-07-31", "close": 15.716, "volume": 173501, "typical_volume": 130667.7, "trend": 14.687231, "fair_value": 12.310413, "relative_strength": 5.17925, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.41791, "energy": 55.698429, "activity_lines": [ 15.580133, 15.512, 15.171201, 14.920568 ] }, { "date": "2026-08-07", "close": 16.142, "volume": 141431, "typical_volume": 127667.35, "trend": 14.74129, "fair_value": 12.350826, "relative_strength": 4.920991, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.849154, "energy": 72.225451, "activity_lines": [ 15.7628, 15.646473, 15.298989, 15.014424 ] } ], "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." } } }