{ "ticker": { "uuid": "042e6f7a-e650-4e6f-9a84-151cc55ea7f7", "symbol": "JRS", "name": "Nuveen Real Estate Income Fund.", "exchange": "NYSE", "country": "US", "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": "SPY", "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": 60.8, "architecture_energy": 48.788, "architecture_maturity": 72.463, "architecture_confidence": 70.851, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 11.86, "rotation_up": 53.91, "upward_expansion": 80.56, "deceleration": 65.11, "rotation_down": 23.72, "downward_expansion": 7.23 }, "activity_lines": [ 8.596667, 8.55634, 8.356631, 8.167824 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 8.5, "trend_reference": 7.946953, "distance_from_trend": 0.069592, "trend_direction": "Improving", "fair_value": 7.051785, "distance_from_fair_value": 0.205369, "fair_value_direction": "Improving", "relative_strength": -1.75598, "relative_strength_direction": "Improving", "price_momentum": 0.116604, "excess_performance": -0.009021, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.069592, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.051053, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.205369, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.020663, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.01756, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.012328, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.116604, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.486761, "read": "Demand-led" } ], "volume": { "latest": 287086, "relative_activity": 0.82473, "balance": 1.486761, "dry_up": 1.038312, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.038066, "annualized_volatility": 0.181647, "from_high_reference": -0.044944, "from_low_reference": 0.228381 }, "levels": { "trend_reference": 7.946953, "fair_value_reference": 7.051785, "structural_low": 6.958051, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 26, "median_return": -0.000581, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.004869, "regime_survival": 0.769231, "best_return": 0.126722, "worst_return": -0.118565, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.018553, "positive_rate": 0.3, "directional_follow_through": 0.3, "median_excess_return": -0.030718, "regime_survival": 0.6, "best_return": 0.180151, "worst_return": -0.129414, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.004946, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.052097, "regime_survival": 0.666667, "best_return": 0.163354, "worst_return": -0.208978, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.03883, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.054124, "regime_survival": 0.333333, "best_return": 0.227157, "worst_return": -0.10091, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-05", "end": "2024-02-09", "tenure": "Developing", "return": -0.011811, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-16", "end": "2024-03-01", "tenure": "New", "return": 0.031414, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-08", "end": "2024-04-26", "tenure": "Developing", "return": -0.056689, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-03", "end": "2024-06-28", "tenure": "Developing", "return": 0.054347, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-05", "end": "2025-01-03", "tenure": "Extended", "return": 0.163354, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-01-31", "tenure": "New", "return": 0.059683, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-03-21", "tenure": "Developing", "return": -0.02986, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-28", "end": "2025-06-13", "tenure": "Developing", "return": -0.023428, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-08-29", "tenure": "Developing", "return": 0.047773, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-05", "end": "2025-09-12", "tenure": "New", "return": 0.020782, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-19", "end": "2025-10-17", "tenure": "Developing", "return": -0.017115, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-24", "end": "2026-01-16", "tenure": "Established", "return": -0.01376, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-02-13", "tenure": "New", "return": 0.046572, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-20", "end": "2026-08-07", "tenure": "Established", "return": 0.090573, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 5.508996, "volume": 276799, "typical_volume": 363156.2, "trend": 5.749604, "fair_value": 6.426178, "relative_strength": -12.68864, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -28.492725, "energy": 15.17825, "activity_lines": [ 5.70243, 5.744352, 5.667045, 5.665446 ] }, { "date": "2023-08-25", "close": 5.547682, "volume": 233082, "typical_volume": 354535.65, "trend": 5.723562, "fair_value": 6.43048, "relative_strength": -12.225259, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -31.771976, "energy": 24.644609, "activity_lines": [ 5.629182, 5.712418, 5.659901, 5.652419 ] }, { "date": "2023-09-01", "close": 5.648268, "volume": 274110, "typical_volume": 351629.05, "trend": 5.695204, "fair_value": 6.436082, "relative_strength": -12.299914, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.922064, "energy": 17.707427, "activity_lines": [ 5.615771, 5.699334, 5.662669, 5.647562 ] }, { "date": "2023-09-08", "close": 5.532208, "volume": 193238, "typical_volume": 348064.8, "trend": 5.666675, "fair_value": 6.441327, "relative_strength": -12.485196, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.631631, "energy": 30.583428, "activity_lines": [ 5.578632, 5.660366, 5.653912, 5.637046 ] }, { "date": "2023-09-15", "close": 5.540133, "volume": 392192, "typical_volume": 353355.3, "trend": 5.6426, "fair_value": 6.446403, "relative_strength": -11.754387, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.716723, "energy": 27.343656, "activity_lines": [ 5.558577, 5.626778, 5.646351, 5.628882 ] }, { "date": "2023-09-22", "close": 5.389543, "volume": 549200, "typical_volume": 359335.2, "trend": 5.615722, "fair_value": 6.451778, "relative_strength": -11.196007, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.413734, "energy": 39.483014, "activity_lines": [ 5.503273, 5.570449, 5.625211, 5.612555 ] }, { "date": "2023-09-29", "close": 5.310285, "volume": 521405, "typical_volume": 373508.2, "trend": 5.585957, "fair_value": 6.455065, "relative_strength": -11.486495, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.583516, "energy": 51.871594, "activity_lines": [ 5.429512, 5.508775, 5.5975, 5.59285 ] }, { "date": "2023-10-06", "close": 5.231027, "volume": 783086, "typical_volume": 403133.4, "trend": 5.566612, "fair_value": 6.456973, "relative_strength": -12.879438, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.611251, "energy": 63.406469, "activity_lines": [ 5.345159, 5.44418, 5.562911, 5.569951 ] }, { "date": "2023-10-13", "close": 5.26273, "volume": 328705, "typical_volume": 405233.45, "trend": 5.56336, "fair_value": 6.460429, "relative_strength": -12.440229, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.288128, "energy": 73.067753, "activity_lines": [ 5.299189, 5.397016, 5.531992, 5.550346 ] }, { "date": "2023-10-20", "close": 4.882292, "volume": 578986, "typical_volume": 417968.1, "trend": 5.548184, "fair_value": 6.46113, "relative_strength": -16.46428, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.62298, "energy": 85.316964, "activity_lines": [ 5.144372, 5.28952, 5.464766, 5.506406 ] }, { "date": "2023-10-27", "close": 4.723776, "volume": 426517, "typical_volume": 420416.25, "trend": 5.517391, "fair_value": 6.46283, "relative_strength": -16.743164, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.687701, "energy": 91.731588, "activity_lines": [ 4.980572, 5.16924, 5.385367, 5.453218 ] }, { "date": "2023-11-03", "close": 5.35784, "volume": 423777, "typical_volume": 411059.4, "trend": 5.508742, "fair_value": 6.467252, "relative_strength": -10.447536, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.008642, "energy": 64.048966, "activity_lines": [ 5.072511, 5.178521, 5.370394, 5.442925 ] }, { "date": "2023-11-10", "close": 5.135918, "volume": 501246, "typical_volume": 418709.2, "trend": 5.494963, "fair_value": 6.467839, "relative_strength": -14.88466, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.365875, "energy": 49.412079, "activity_lines": [ 5.087306, 5.150905, 5.335337, 5.418872 ] }, { "date": "2023-11-17", "close": 5.349914, "volume": 372185, "typical_volume": 416396.8, "trend": 5.485798, "fair_value": 6.469284, "relative_strength": -12.953397, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.744081, "energy": 31.304288, "activity_lines": [ 5.179774, 5.171512, 5.321847, 5.409514 ] }, { "date": "2023-11-24", "close": 5.45295, "volume": 310102, "typical_volume": 411807.85, "trend": 5.477547, "fair_value": 6.470995, "relative_strength": -11.74558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.551615, "energy": 22.50137, "activity_lines": [ 5.300774, 5.214167, 5.32007, 5.407394 ] }, { "date": "2023-12-01", "close": 5.809611, "volume": 454387, "typical_volume": 412307.85, "trend": 5.484712, "fair_value": 6.473884, "relative_strength": -6.395954, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 20.078007, "energy": 24.86771, "activity_lines": [ 5.502618, 5.323255, 5.353891, 5.428818 ] }, { "date": "2023-12-08", "close": 5.825462, "volume": 477247, "typical_volume": 417574.85, "trend": 5.497195, "fair_value": 6.477469, "relative_strength": -6.025844, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.332457, "energy": 37.359766, "activity_lines": [ 5.637357, 5.427587, 5.389596, 5.450802 ] }, { "date": "2023-12-15", "close": 6.226764, "volume": 650937, "typical_volume": 424345.95, "trend": 5.525826, "fair_value": 6.48354, "relative_strength": -1.631718, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 47.010345, "energy": 62.613568, "activity_lines": [ 5.874688, 5.595517, 5.464076, 5.497871 ] }, { "date": "2023-12-22", "close": 6.194375, "volume": 465643, "typical_volume": 424889.75, "trend": 5.55741, "fair_value": 6.489647, "relative_strength": -2.810647, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.387512, "energy": 69.145085, "activity_lines": [ 6.028499, 5.739453, 5.533785, 5.541003 ] }, { "date": "2023-12-29", "close": 6.332028, "volume": 376870, "typical_volume": 429485.7, "trend": 5.585266, "fair_value": 6.49611, "relative_strength": -0.782632, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 79.369063, "energy": 86.059959, "activity_lines": [ 6.171898, 5.891478, 5.614482, 5.590978 ] }, { "date": "2024-01-05", "close": 6.170083, "volume": 408324, "typical_volume": 436061.95, "trend": 5.605203, "fair_value": 6.502789, "relative_strength": -1.497693, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.625131, "energy": 80.445618, "activity_lines": [ 6.202709, 5.9877, 5.677053, 5.628708 ] }, { "date": "2024-01-12", "close": 6.275347, "volume": 408015, "typical_volume": 444808.6, "trend": 5.628427, "fair_value": 6.509252, "relative_strength": -1.310686, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.253768, "energy": 76.400669, "activity_lines": [ 6.244578, 6.076764, 5.746501, 5.671943 ] }, { "date": "2024-01-19", "close": 6.1215, "volume": 333880, "typical_volume": 447797.1, "trend": 5.65297, "fair_value": 6.513962, "relative_strength": -4.456194, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.349761, "energy": 59.013391, "activity_lines": [ 6.205171, 6.121174, 5.797832, 5.703755 ] }, { "date": "2024-01-26", "close": 6.170083, "volume": 481756, "typical_volume": 462223.0, "trend": 5.667011, "fair_value": 6.519104, "relative_strength": -4.240813, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.736115, "energy": 48.100363, "activity_lines": [ 6.188977, 6.156497, 5.851536, 5.737117 ] }, { "date": "2024-02-02", "close": 6.097208, "volume": 469541, "typical_volume": 466090.45, "trend": 5.677076, "fair_value": 6.522687, "relative_strength": -6.199716, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.343268, "energy": 42.105494, "activity_lines": [ 6.15011, 6.163659, 5.895262, 5.764871 ] }, { "date": "2024-02-09", "close": 6.097208, "volume": 440313, "typical_volume": 460646.1, "trend": 5.684045, "fair_value": 6.52538, "relative_strength": -6.974226, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.363083, "energy": 35.615745, "activity_lines": [ 6.126898, 6.159106, 5.936335, 5.791977 ] }, { "date": "2024-02-16", "close": 6.186278, "volume": 450667, "typical_volume": 457109.2, "trend": 5.692178, "fair_value": 6.528079, "relative_strength": -4.844297, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.527451, "energy": 36.692567, "activity_lines": [ 6.138234, 6.165519, 5.982522, 5.824379 ] }, { "date": "2024-02-23", "close": 6.161986, "volume": 262145, "typical_volume": 431062.15, "trend": 5.701823, "fair_value": 6.530743, "relative_strength": -6.25687, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.483775, "energy": 33.531149, "activity_lines": [ 6.147411, 6.160955, 6.022223, 5.854689 ] }, { "date": "2024-03-01", "close": 6.380611, "volume": 628415, "typical_volume": 446047.65, "trend": 5.722881, "fair_value": 6.535051, "relative_strength": -3.426602, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.667492, "energy": 49.23115, "activity_lines": [ 6.226764, 6.197319, 6.078313, 5.898482 ] }, { "date": "2024-03-08", "close": 6.404903, "volume": 313981, "typical_volume": 432797.4, "trend": 5.744234, "fair_value": 6.538019, "relative_strength": -2.441027, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.222083, "energy": 53.987721, "activity_lines": [ 6.300179, 6.234714, 6.131393, 5.942483 ] }, { "date": "2024-03-15", "close": 6.339766, "volume": 361672, "typical_volume": 429555.15, "trend": 5.771926, "fair_value": 6.540652, "relative_strength": -3.158999, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.149466, "energy": 64.50964, "activity_lines": [ 6.331368, 6.25894, 6.171019, 5.980905 ] }, { "date": "2024-03-22", "close": 6.396046, "volume": 377668, "typical_volume": 427249.7, "trend": 5.800205, "fair_value": 6.54249, "relative_strength": -4.229939, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.628899, "energy": 71.188339, "activity_lines": [ 6.365147, 6.290314, 6.20831, 6.02117 ] }, { "date": "2024-03-29", "close": 6.538401, "volume": 291714, "typical_volume": 416773.1, "trend": 5.829876, "fair_value": 6.544704, "relative_strength": -2.227025, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.836423, "energy": 73.511445, "activity_lines": [ 6.432394, 6.345376, 6.254215, 6.068796 ] }, { "date": "2024-04-05", "close": 6.165961, "volume": 538574, "typical_volume": 425092.55, "trend": 5.851001, "fair_value": 6.543458, "relative_strength": -6.685585, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.181779, "energy": 43.834173, "activity_lines": [ 6.350399, 6.325142, 6.257971, 6.090479 ] }, { "date": "2024-04-12", "close": 6.083196, "volume": 355711, "typical_volume": 427373.0, "trend": 5.869103, "fair_value": 6.541021, "relative_strength": -6.325897, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.966644, "energy": 25.527262, "activity_lines": [ 6.255126, 6.289935, 6.249958, 6.105459 ] }, { "date": "2024-04-19", "close": 5.917667, "volume": 448785, "typical_volume": 427092.9, "trend": 5.886707, "fair_value": 6.536738, "relative_strength": -5.717286, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 7.977747, "energy": 14.050403, "activity_lines": [ 6.126123, 6.224886, 6.22318, 6.108592 ] }, { "date": "2024-04-26", "close": 6.041814, "volume": 348085, "typical_volume": 420634.8, "trend": 5.911091, "fair_value": 6.532509, "relative_strength": -5.932403, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 3.902932, "energy": 21.878715, "activity_lines": [ 6.066643, 6.185674, 6.20771, 6.118599 ] }, { "date": "2024-05-03", "close": 6.132855, "volume": 401463, "typical_volume": 408161.1, "trend": 5.941152, "fair_value": 6.528451, "relative_strength": -4.825735, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.608572, "energy": 20.79416, "activity_lines": [ 6.061126, 6.165641, 6.199881, 6.132907 ] }, { "date": "2024-05-10", "close": 6.149408, "volume": 352704, "typical_volume": 402514.15, "trend": 5.970708, "fair_value": 6.525076, "relative_strength": -6.085079, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.000966, "energy": 16.224708, "activity_lines": [ 6.088162, 6.149148, 6.194075, 6.146342 ] }, { "date": "2024-05-17", "close": 6.298384, "volume": 340710, "typical_volume": 400706.15, "trend": 6.017911, "fair_value": 6.52179, "relative_strength": -5.212714, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.211184, "energy": 13.799617, "activity_lines": [ 6.165961, 6.163944, 6.202672, 6.167483 ] }, { "date": "2024-05-24", "close": 6.132855, "volume": 276580, "typical_volume": 394118.95, "trend": 6.064881, "fair_value": 6.516989, "relative_strength": -7.547644, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.459023, "energy": 13.553013, "activity_lines": [ 6.174237, 6.150582, 6.195665, 6.174899 ] }, { "date": "2024-05-31", "close": 6.116302, "volume": 234774, "typical_volume": 385456.9, "trend": 6.090163, "fair_value": 6.510679, "relative_strength": -7.231129, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.104126, "energy": 12.932879, "activity_lines": [ 6.16265, 6.137971, 6.187258, 6.178216 ] }, { "date": "2024-06-07", "close": 6.207343, "volume": 319554, "typical_volume": 384740.6, "trend": 6.125877, "fair_value": 6.503302, "relative_strength": -6.802199, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.986127, "energy": 15.868584, "activity_lines": [ 6.176444, 6.147, 6.188279, 6.185776 ] }, { "date": "2024-06-14", "close": 6.364596, "volume": 319956, "typical_volume": 376650.6, "trend": 6.1597, "fair_value": 6.499068, "relative_strength": -5.824663, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 44.352716, "energy": 23.293038, "activity_lines": [ 6.23769, 6.19064, 6.203868, 6.201177 ] }, { "date": "2024-06-21", "close": 6.296887, "volume": 291788, "typical_volume": 367762.95, "trend": 6.187831, "fair_value": 6.494064, "relative_strength": -7.272966, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 48.233755, "energy": 27.493455, "activity_lines": [ 6.26202, 6.218357, 6.212082, 6.210028 ] }, { "date": "2024-06-28", "close": 6.466158, "volume": 500234, "typical_volume": 370759.0, "trend": 6.209716, "fair_value": 6.488089, "relative_strength": -4.542661, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 63.023549, "energy": 50.337532, "activity_lines": [ 6.342874, 6.272966, 6.235466, 6.227985 ] }, { "date": "2024-07-05", "close": 6.508476, "volume": 313382, "typical_volume": 363894.75, "trend": 6.232483, "fair_value": 6.482134, "relative_strength": -5.479748, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.806054, "energy": 65.863946, "activity_lines": [ 6.415614, 6.325296, 6.261124, 6.24726 ] }, { "date": "2024-07-12", "close": 6.711602, "volume": 382843, "typical_volume": 369929.65, "trend": 6.248644, "fair_value": 6.477186, "relative_strength": -3.265513, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.042058, "energy": 78.69777, "activity_lines": [ 6.529917, 6.406073, 6.304592, 6.27817 ] }, { "date": "2024-07-19", "close": 6.931654, "volume": 457677, "typical_volume": 361392.75, "trend": 6.27322, "fair_value": 6.474111, "relative_strength": 2.018751, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.848379, "energy": 88.914217, "activity_lines": [ 6.683954, 6.516337, 6.366401, 6.322236 ] }, { "date": "2024-07-26", "close": 6.940118, "volume": 388116, "typical_volume": 365099.5, "trend": 6.29349, "fair_value": 6.470923, "relative_strength": 3.042779, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.075202, "energy": 90.614871, "activity_lines": [ 6.803008, 6.613918, 6.426392, 6.365261 ] }, { "date": "2024-08-02", "close": 6.999363, "volume": 342939, "typical_volume": 364162.85, "trend": 6.321133, "fair_value": 6.467946, "relative_strength": 6.158493, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.09383, "energy": 91.692354, "activity_lines": [ 6.898929, 6.710602, 6.489477, 6.410801 ] }, { "date": "2024-08-09", "close": 7.033217, "volume": 317212, "typical_volume": 361140.05, "trend": 6.346395, "fair_value": 6.465396, "relative_strength": 6.640811, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.431268, "energy": 89.275236, "activity_lines": [ 6.970587, 6.797687, 6.552644, 6.456742 ] }, { "date": "2024-08-16", "close": 7.067071, "volume": 347267, "typical_volume": 363917.7, "trend": 6.377914, "fair_value": 6.463357, "relative_strength": 3.040585, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.746472, "energy": 85.246934, "activity_lines": [ 7.018547, 6.874256, 6.616002, 6.503238 ] }, { "date": "2024-08-23", "close": 7.456395, "volume": 388585, "typical_volume": 356418.25, "trend": 6.420791, "fair_value": 6.463772, "relative_strength": 7.125092, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.962062, "energy": 88.566103, "activity_lines": [ 7.172584, 7.00598, 6.713921, 6.572817 ] }, { "date": "2024-08-30", "close": 7.583348, "volume": 510011, "typical_volume": 364133.25, "trend": 6.470329, "fair_value": 6.463154, "relative_strength": 8.521563, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.783512, "energy": 91.354565, "activity_lines": [ 7.333955, 7.140935, 6.817786, 6.647821 ] }, { "date": "2024-09-06", "close": 7.608739, "volume": 395444, "typical_volume": 361466.2, "trend": 6.520713, "fair_value": 6.463621, "relative_strength": 13.322282, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.298909, "energy": 92.0888, "activity_lines": [ 7.460909, 7.257117, 6.916925, 6.721267 ] }, { "date": "2024-09-13", "close": 7.8965, "volume": 495078, "typical_volume": 368815.85, "trend": 6.577721, "fair_value": 6.46704, "relative_strength": 12.82884, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.986415, "energy": 95.564421, "activity_lines": [ 7.643157, 7.404844, 7.035418, 6.810027 ] }, { "date": "2024-09-20", "close": 7.706846, "volume": 633137, "typical_volume": 380399.55, "trend": 6.629216, "fair_value": 6.470096, "relative_strength": 8.430823, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.662559, "energy": 85.623628, "activity_lines": [ 7.704636, 7.492852, 7.127016, 6.882874 ] }, { "date": "2024-09-27", "close": 7.870638, "volume": 425485, "typical_volume": 384038.6, "trend": 6.678884, "fair_value": 6.474587, "relative_strength": 9.911611, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.327897, "energy": 76.907353, "activity_lines": [ 7.77806, 7.592546, 7.226719, 6.962965 ] }, { "date": "2024-10-04", "close": 7.680984, "volume": 625090, "typical_volume": 398257.6, "trend": 6.72142, "fair_value": 6.477819, "relative_strength": 6.806386, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.1179, "energy": 65.761503, "activity_lines": [ 7.76065, 7.640684, 7.300162, 7.027617 ] }, { "date": "2024-10-11", "close": 7.672363, "volume": 523961, "typical_volume": 410626.65, "trend": 6.76584, "fair_value": 6.478947, "relative_strength": 5.330225, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.302947, "energy": 61.934514, "activity_lines": [ 7.733857, 7.673784, 7.366201, 7.088968 ] }, { "date": "2024-10-18", "close": 7.818914, "volume": 372399, "typical_volume": 417507.9, "trend": 6.813269, "fair_value": 6.479862, "relative_strength": 6.158065, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.806834, "energy": 62.44398, "activity_lines": [ 7.751673, 7.721294, 7.438866, 7.156909 ] }, { "date": "2024-10-25", "close": 7.75857, "volume": 352242, "typical_volume": 419142.3, "trend": 6.853941, "fair_value": 6.480391, "relative_strength": 6.066609, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.577179, "energy": 55.145742, "activity_lines": [ 7.754547, 7.743547, 7.497677, 7.217896 ] }, { "date": "2024-11-01", "close": 7.508571, "volume": 408641, "typical_volume": 423576.55, "trend": 6.898694, "fair_value": 6.478122, "relative_strength": 3.983097, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.716564, "energy": 42.521822, "activity_lines": [ 7.670639, 7.707773, 7.525291, 7.26013 ] }, { "date": "2024-11-08", "close": 8.060292, "volume": 587625, "typical_volume": 438368.4, "trend": 6.964598, "fair_value": 6.479219, "relative_strength": 6.289067, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.943128, "energy": 55.461494, "activity_lines": [ 7.794776, 7.771363, 7.600003, 7.335072 ] }, { "date": "2024-11-15", "close": 7.818914, "volume": 340798, "typical_volume": 430396.6, "trend": 7.027973, "fair_value": 6.478982, "relative_strength": 5.085431, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.248465, "energy": 45.090855, "activity_lines": [ 7.813167, 7.782394, 7.643329, 7.390189 ] }, { "date": "2024-11-22", "close": 8.112016, "volume": 219395, "typical_volume": 425697.25, "trend": 7.096979, "fair_value": 6.48071, "relative_strength": 6.997635, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.077892, "energy": 55.266105, "activity_lines": [ 7.919488, 7.842895, 7.708127, 7.460127 ] }, { "date": "2024-11-29", "close": 8.31029, "volume": 176157, "typical_volume": 415362.95, "trend": 7.16956, "fair_value": 6.483964, "relative_strength": 8.174357, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.929055, "energy": 70.361388, "activity_lines": [ 8.072361, 7.935528, 7.784173, 7.538405 ] }, { "date": "2024-12-06", "close": 8.129257, "volume": 263232, "typical_volume": 405640.7, "trend": 7.235555, "fair_value": 6.484479, "relative_strength": 4.816035, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.526118, "energy": 63.624248, "activity_lines": [ 8.128108, 7.984274, 7.835366, 7.600321 ] }, { "date": "2024-12-13", "close": 7.887879, "volume": 306428, "typical_volume": 401556.3, "trend": 7.288539, "fair_value": 6.483367, "relative_strength": 2.361898, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.880239, "energy": 53.573208, "activity_lines": [ 8.062016, 7.98443, 7.857866, 7.642407 ] }, { "date": "2024-12-20", "close": 7.299363, "volume": 623963, "typical_volume": 415607.5, "trend": 7.327422, "fair_value": 6.478092, "relative_strength": -3.373098, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 18.689635, "energy": 17.287475, "activity_lines": [ 7.811247, 7.873822, 7.819805, 7.643105 ] }, { "date": "2024-12-27", "close": 7.492607, "volume": 293455, "typical_volume": 414419.65, "trend": 7.373299, "fair_value": 6.470544, "relative_strength": -1.324749, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 13.587262, "energy": 17.387697, "activity_lines": [ 7.659529, 7.805131, 7.798719, 7.653762 ] }, { "date": "2025-01-03", "close": 7.571661, "volume": 436819, "typical_volume": 418897.25, "trend": 7.418776, "fair_value": 6.46489, "relative_strength": 0.31712, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 6.30881, "energy": 22.219986, "activity_lines": [ 7.575456, 7.756747, 7.782975, 7.66656 ] }, { "date": "2025-01-10", "close": 7.211524, "volume": 263570, "typical_volume": 412646.5, "trend": 7.447007, "fair_value": 6.457968, "relative_strength": -2.434142, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -32.68091, "energy": 36.896377, "activity_lines": [ 7.420579, 7.646281, 7.730529, 7.653188 ] }, { "date": "2025-01-17", "close": 7.483823, "volume": 395097, "typical_volume": 406900.8, "trend": 7.486572, "fair_value": 6.45613, "relative_strength": -1.597036, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.275845, "energy": 29.747319, "activity_lines": [ 7.417651, 7.590725, 7.705182, 7.655564 ] }, { "date": "2025-01-24", "close": 7.598013, "volume": 270957, "typical_volume": 400676.45, "trend": 7.5243, "fair_value": 6.455847, "relative_strength": -1.754841, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -16.592873, "energy": 24.778038, "activity_lines": [ 7.479724, 7.566413, 7.691184, 7.662753 ] }, { "date": "2025-01-31", "close": 7.641932, "volume": 241656, "typical_volume": 388005.35, "trend": 7.562082, "fair_value": 6.455586, "relative_strength": -0.208284, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.042376, "energy": 14.568652, "activity_lines": [ 7.536526, 7.554102, 7.681421, 7.670343 ] }, { "date": "2025-02-07", "close": 7.580445, "volume": 419382, "typical_volume": 377317.6, "trend": 7.591044, "fair_value": 6.454801, "relative_strength": -0.882652, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.506621, "energy": 6.515332, "activity_lines": [ 7.562877, 7.539158, 7.667013, 7.671527 ] }, { "date": "2025-02-14", "close": 7.562877, "volume": 386312, "typical_volume": 375358.95, "trend": 7.612084, "fair_value": 6.454813, "relative_strength": -2.540234, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.835094, "energy": 7.174823, "activity_lines": [ 7.582787, 7.53429, 7.651534, 7.66971 ] }, { "date": "2025-02-21", "close": 7.554094, "volume": 295111, "typical_volume": 358860.0, "trend": 7.63255, "fair_value": 6.453946, "relative_strength": -1.114941, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.92239, "energy": 5.680393, "activity_lines": [ 7.576346, 7.538123, 7.636685, 7.665969 ] }, { "date": "2025-02-28", "close": 7.773689, "volume": 379940, "typical_volume": 351658.95, "trend": 7.658361, "fair_value": 6.453445, "relative_strength": 2.671319, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.291334, "energy": 7.412903, "activity_lines": [ 7.638418, 7.587951, 7.643353, 7.675075 ] }, { "date": "2025-03-07", "close": 7.510175, "volume": 402965, "typical_volume": 353187.25, "trend": 7.67426, "fair_value": 6.451949, "relative_strength": 2.27977, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -34.706048, "energy": 15.111839, "activity_lines": [ 7.600941, 7.581244, 7.624443, 7.665514 ] }, { "date": "2025-03-14", "close": 7.255443, "volume": 288457, "typical_volume": 349998.0, "trend": 7.680539, "fair_value": 6.448138, "relative_strength": 1.061033, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.172046, "energy": 31.773823, "activity_lines": [ 7.487336, 7.527902, 7.582742, 7.638494 ] }, { "date": "2025-03-21", "close": 7.354096, "volume": 288119, "typical_volume": 343971.9, "trend": 7.677129, "fair_value": 6.444783, "relative_strength": 1.822552, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.082565, "energy": 44.369908, "activity_lines": [ 7.428283, 7.498246, 7.552833, 7.617433 ] }, { "date": "2025-03-28", "close": 7.27338, "volume": 332156, "typical_volume": 331198.45, "trend": 7.666797, "fair_value": 6.438391, "relative_strength": 2.14676, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.388531, "energy": 62.505282, "activity_lines": [ 7.356243, 7.451323, 7.515972, 7.591385 ] }, { "date": "2025-04-04", "close": 6.591781, "volume": 511986, "typical_volume": 339757.85, "trend": 7.632898, "fair_value": 6.429398, "relative_strength": 1.652019, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.929249, "energy": 84.63726, "activity_lines": [ 7.075718, 7.284299, 7.417944, 7.522029 ] }, { "date": "2025-04-11", "close": 6.394476, "volume": 921450, "typical_volume": 374860.6, "trend": 7.58283, "fair_value": 6.419582, "relative_strength": -6.672002, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.083567, "energy": 91.555741, "activity_lines": [ 6.808219, 7.099696, 7.306969, 7.442131 ] }, { "date": "2025-04-18", "close": 6.860833, "volume": 336931, "typical_volume": 382899.3, "trend": 7.55463, "fair_value": 6.411341, "relative_strength": 1.425452, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.618808, "energy": 82.553071, "activity_lines": [ 6.770551, 7.022566, 7.248587, 7.39555 ] }, { "date": "2025-04-25", "close": 6.950518, "volume": 411586, "typical_volume": 390317.0, "trend": 7.523959, "fair_value": 6.406062, "relative_strength": -1.855958, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.416076, "energy": 76.91596, "activity_lines": [ 6.789086, 6.974827, 7.205649, 7.356575 ] }, { "date": "2025-05-02", "close": 7.192665, "volume": 389363, "typical_volume": 394463.75, "trend": 7.507682, "fair_value": 6.405117, "relative_strength": -1.405605, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.621625, "energy": 45.974401, "activity_lines": [ 6.915242, 6.982248, 7.191386, 7.335201 ] }, { "date": "2025-05-09", "close": 7.120917, "volume": 387222, "typical_volume": 382626.7, "trend": 7.4893, "fair_value": 6.406894, "relative_strength": -2.067319, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.906604, "energy": 25.574208, "activity_lines": [ 7.022863, 6.983196, 7.1736, 7.310249 ] }, { "date": "2025-05-16", "close": 7.192665, "volume": 479863, "typical_volume": 391947.1, "trend": 7.468426, "fair_value": 6.410854, "relative_strength": -6.059614, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.057993, "energy": 21.454684, "activity_lines": [ 7.119124, 7.009057, 7.163497, 7.291111 ] }, { "date": "2025-05-23", "close": 6.869802, "volume": 347389, "typical_volume": 387475.6, "trend": 7.4388, "fair_value": 6.407707, "relative_strength": -7.956575, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.244127, "energy": 22.050084, "activity_lines": [ 7.054551, 6.981989, 7.124073, 7.25249 ] }, { "date": "2025-05-30", "close": 7.147823, "volume": 316468, "typical_volume": 390120.5, "trend": 7.426775, "fair_value": 6.407359, "relative_strength": -5.955626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.563553, "energy": 16.933674, "activity_lines": [ 7.082054, 7.012481, 7.11447, 7.233717 ] }, { "date": "2025-06-06", "close": 7.147823, "volume": 213123, "typical_volume": 381021.8, "trend": 7.396359, "fair_value": 6.408601, "relative_strength": -7.507912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.671426, "energy": 15.851168, "activity_lines": [ 7.096404, 7.046724, 7.10517, 7.21572 ] }, { "date": "2025-06-13", "close": 7.10298, "volume": 361087, "typical_volume": 385528.3, "trend": 7.372495, "fair_value": 6.413436, "relative_strength": -7.761876, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.271179, "energy": 16.582124, "activity_lines": [ 7.098795, 7.075097, 7.093199, 7.196793 ] }, { "date": "2025-06-20", "close": 7.098398, "volume": 274805, "typical_volume": 387185.75, "trend": 7.338708, "fair_value": 6.415056, "relative_strength": -7.705536, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.570005, "energy": 10.387518, "activity_lines": [ 7.100855, 7.093342, 7.083149, 7.179109 ] }, { "date": "2025-06-27", "close": 7.002164, "volume": 605776, "typical_volume": 396505.45, "trend": 7.295103, "fair_value": 6.416534, "relative_strength": -11.927254, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.940884, "energy": 15.924219, "activity_lines": [ 7.077121, 7.081291, 7.066522, 7.157397 ] }, { "date": "2025-07-04", "close": 7.231292, "volume": 441185, "typical_volume": 399249.1, "trend": 7.265171, "fair_value": 6.420023, "relative_strength": -10.520187, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.381292, "energy": 6.595989, "activity_lines": [ 7.12094, 7.108331, 7.074471, 7.15328 ] }, { "date": "2025-07-11", "close": 7.157971, "volume": 297037, "typical_volume": 399345.4, "trend": 7.240841, "fair_value": 6.423449, "relative_strength": -11.09638, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.626832, "energy": 7.576691, "activity_lines": [ 7.134753, 7.116934, 7.077016, 7.146364 ] }, { "date": "2025-07-18", "close": 7.180884, "volume": 587930, "typical_volume": 409744.9, "trend": 7.236892, "fair_value": 6.426886, "relative_strength": -11.197205, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.014806, "energy": 8.616853, "activity_lines": [ 7.155527, 7.130334, 7.083629, 7.142495 ] }, { "date": "2025-07-25", "close": 7.249623, "volume": 500646, "typical_volume": 414628.95, "trend": 7.228792, "fair_value": 6.428685, "relative_strength": -11.485129, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.352813, "energy": 16.913883, "activity_lines": [ 7.194021, 7.155142, 7.099612, 7.143317 ] }, { "date": "2025-08-01", "close": 6.956338, "volume": 440669, "typical_volume": 422239.55, "trend": 7.208281, "fair_value": 6.428469, "relative_strength": -12.689508, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.626187, "energy": 14.101914, "activity_lines": [ 7.124671, 7.12559, 7.088904, 7.125739 ] }, { "date": "2025-08-08", "close": 6.992999, "volume": 305502, "typical_volume": 423108.7, "trend": 7.200997, "fair_value": 6.426365, "relative_strength": -14.051373, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.03522, "energy": 17.441451, "activity_lines": [ 7.070597, 7.10113, 7.083111, 7.11185 ] }, { "date": "2025-08-15", "close": 7.04799, "volume": 316309, "typical_volume": 422316.35, "trend": 7.18647, "fair_value": 6.426014, "relative_strength": -13.965068, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.208499, "energy": 19.614009, "activity_lines": [ 7.050739, 7.089483, 7.084275, 7.101978 ] }, { "date": "2025-08-22", "close": 7.359604, "volume": 506151, "typical_volume": 422024.6, "trend": 7.178523, "fair_value": 6.429061, "relative_strength": -10.14675, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.724873, "energy": 8.214464, "activity_lines": [ 7.142085, 7.136308, 7.11619, 7.113148 ] }, { "date": "2025-08-29", "close": 7.437508, "volume": 485118, "typical_volume": 400208.0, "trend": 7.171708, "fair_value": 6.434052, "relative_strength": -8.87041, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.627745, "energy": 41.7122, "activity_lines": [ 7.247484, 7.192632, 7.151868, 7.129857 ] }, { "date": "2025-09-05", "close": 7.497081, "volume": 278685, "typical_volume": 397295.7, "trend": 7.16893, "fair_value": 6.438884, "relative_strength": -8.077886, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.796312, "energy": 58.506686, "activity_lines": [ 7.360215, 7.253622, 7.188253, 7.150849 ] }, { "date": "2025-09-12", "close": 7.652889, "volume": 404227, "typical_volume": 396927.75, "trend": 7.17193, "fair_value": 6.447461, "relative_strength": -7.25333, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 77.019196, "energy": 80.618581, "activity_lines": [ 7.488833, 7.333942, 7.236447, 7.182072 ] }, { "date": "2025-09-19", "close": 7.652698, "volume": 411592, "typical_volume": 398039.2, "trend": 7.175217, "fair_value": 6.460242, "relative_strength": -8.078884, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.740105, "energy": 81.571754, "activity_lines": [ 7.573394, 7.406562, 7.281278, 7.213089 ] }, { "date": "2025-09-26", "close": 7.559145, "volume": 547216, "typical_volume": 406038.9, "trend": 7.168065, "fair_value": 6.472977, "relative_strength": -8.591868, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.427876, "energy": 78.079255, "activity_lines": [ 7.586457, 7.453177, 7.315009, 7.237859 ] }, { "date": "2025-10-03", "close": 7.596566, "volume": 524941, "typical_volume": 408292.8, "trend": 7.170945, "fair_value": 6.487155, "relative_strength": -8.842858, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.695168, "energy": 74.233059, "activity_lines": [ 7.598691, 7.499719, 7.350217, 7.265504 ] }, { "date": "2025-10-10", "close": 7.44688, "volume": 805706, "typical_volume": 431208.65, "trend": 7.177326, "fair_value": 6.501574, "relative_strength": -8.140663, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.934318, "energy": 46.419326, "activity_lines": [ 7.550426, 7.512736, 7.369245, 7.283306 ] }, { "date": "2025-10-17", "close": 7.521723, "volume": 523802, "typical_volume": 441575.35, "trend": 7.182914, "fair_value": 6.515918, "relative_strength": -8.491193, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.145244, "energy": 37.239731, "activity_lines": [ 7.530455, 7.530443, 7.392654, 7.305526 ] }, { "date": "2025-10-24", "close": 7.641004, "volume": 263571, "typical_volume": 444097.75, "trend": 7.195168, "fair_value": 6.528901, "relative_strength": -8.481017, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.489538, "energy": 38.187233, "activity_lines": [ 7.558989, 7.560224, 7.425642, 7.33508 ] }, { "date": "2025-10-31", "close": 7.437525, "volume": 418813, "typical_volume": 446984.05, "trend": 7.223359, "fair_value": 6.540903, "relative_strength": -11.213468, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.480929, "energy": 27.312524, "activity_lines": [ 7.520476, 7.542227, 7.436903, 7.350716 ] }, { "date": "2025-11-07", "close": 7.381392, "volume": 316964, "typical_volume": 449092.0, "trend": 7.256257, "fair_value": 6.549912, "relative_strength": -10.055831, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.755871, "energy": 21.888405, "activity_lines": [ 7.47136, 7.512607, 7.441225, 7.360911 ] }, { "date": "2025-11-14", "close": 7.390748, "volume": 372118, "typical_volume": 437409.1, "trend": 7.273921, "fair_value": 6.55972, "relative_strength": -9.714056, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.597991, "energy": 16.964815, "activity_lines": [ 7.439708, 7.485708, 7.44509, 7.369588 ] }, { "date": "2025-11-21", "close": 7.20364, "volume": 356382, "typical_volume": 433168.95, "trend": 7.282358, "fair_value": 6.567127, "relative_strength": -9.870886, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.781333, "energy": 15.657293, "activity_lines": [ 7.349428, 7.426723, 7.429285, 7.365054 ] }, { "date": "2025-11-28", "close": 7.44688, "volume": 274331, "typical_volume": 432033.65, "trend": 7.290832, "fair_value": 6.575492, "relative_strength": -9.710399, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.920914, "energy": 17.24539, "activity_lines": [ 7.361434, 7.420132, 7.436777, 7.375668 ] }, { "date": "2025-12-05", "close": 7.250417, "volume": 311941, "typical_volume": 418234.2, "trend": 7.295148, "fair_value": 6.584262, "relative_strength": -11.971713, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.088553, "energy": 14.121188, "activity_lines": [ 7.320894, 7.381562, 7.424183, 7.373061 ] }, { "date": "2025-12-12", "close": 7.269128, "volume": 369832, "typical_volume": 411693.5, "trend": 7.297697, "fair_value": 6.594033, "relative_strength": -10.871837, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.40809, "energy": 15.697489, "activity_lines": [ 7.299065, 7.352008, 7.41304, 7.371382 ] }, { "date": "2025-12-19", "close": 7.306342, "volume": 506031, "typical_volume": 414961.6, "trend": 7.312248, "fair_value": 6.605322, "relative_strength": -10.270916, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -11.359711, "energy": 19.629652, "activity_lines": [ 7.297125, 7.335173, 7.405348, 7.37194 ] }, { "date": "2025-12-26", "close": 7.335031, "volume": 425087, "typical_volume": 420940.85, "trend": 7.318489, "fair_value": 6.616511, "relative_strength": -10.884156, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -11.57821, "energy": 17.795448, "activity_lines": [ 7.310375, 7.32611, 7.398721, 7.37341 ] }, { "date": "2026-01-02", "close": 7.277652, "volume": 716531, "typical_volume": 440951.95, "trend": 7.322816, "fair_value": 6.625721, "relative_strength": -10.326264, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.475421, "energy": 13.667958, "activity_lines": [ 7.295739, 7.310008, 7.385002, 7.370775 ] }, { "date": "2026-01-09", "close": 7.306342, "volume": 738136, "typical_volume": 452551.2, "trend": 7.329595, "fair_value": 6.633266, "relative_strength": -11.092713, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.415772, "energy": 10.455591, "activity_lines": [ 7.301948, 7.305729, 7.372921, 7.369712 ] }, { "date": "2026-01-16", "close": 7.53586, "volume": 481580, "typical_volume": 452374.3, "trend": 7.344177, "fair_value": 6.642211, "relative_strength": -7.714271, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.837597, "energy": 16.254526, "activity_lines": [ 7.380935, 7.345566, 7.382952, 7.38302 ] }, { "date": "2026-01-23", "close": 7.392411, "volume": 446198, "typical_volume": 460749.95, "trend": 7.357185, "fair_value": 6.649028, "relative_strength": -8.867073, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.269811, "energy": 6.035556, "activity_lines": [ 7.394324, 7.356513, 7.378853, 7.386131 ] }, { "date": "2026-01-30", "close": 7.459354, "volume": 285196, "typical_volume": 454798.4, "trend": 7.364788, "fair_value": 6.655184, "relative_strength": -8.095556, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.530668, "energy": 19.713827, "activity_lines": [ 7.424289, 7.379601, 7.381629, 7.392723 ] }, { "date": "2026-02-06", "close": 7.612366, "volume": 492116, "typical_volume": 458824.6, "trend": 7.379934, "fair_value": 6.663032, "relative_strength": -5.757671, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.36523, "energy": 38.278572, "activity_lines": [ 7.496969, 7.42586, 7.399898, 7.408696 ] }, { "date": "2026-02-13", "close": 7.736689, "volume": 430963, "typical_volume": 453011.95, "trend": 7.398461, "fair_value": 6.672483, "relative_strength": -2.780338, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.963885, "energy": 58.435817, "activity_lines": [ 7.588777, 7.491714, 7.4302, 7.431712 ] }, { "date": "2026-02-20", "close": 7.794069, "volume": 219287, "typical_volume": 437729.25, "trend": 7.416609, "fair_value": 6.682728, "relative_strength": -2.921013, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.921436, "energy": 72.229842, "activity_lines": [ 7.671021, 7.55916, 7.465121, 7.457235 ] }, { "date": "2026-02-27", "close": 7.861011, "volume": 329072, "typical_volume": 413897.55, "trend": 7.446765, "fair_value": 6.693354, "relative_strength": -1.306623, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.007664, "energy": 78.710127, "activity_lines": [ 7.758366, 7.629232, 7.505477, 7.485906 ] }, { "date": "2026-03-06", "close": 7.62193, "volume": 292657, "typical_volume": 402340.3, "trend": 7.467729, "fair_value": 6.70496, "relative_strength": -2.070051, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.935316, "energy": 68.736751, "activity_lines": [ 7.734776, 7.645751, 7.521091, 7.497207 ] }, { "date": "2026-03-13", "close": 7.401974, "volume": 263763, "typical_volume": 402349.9, "trend": 7.479529, "fair_value": 6.718048, "relative_strength": -3.14697, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.582839, "energy": 30.890014, "activity_lines": [ 7.62703, 7.617061, 7.51528, 7.492965 ] }, { "date": "2026-03-20", "close": 7.098855, "volume": 404602, "typical_volume": 401639.35, "trend": 7.470837, "fair_value": 6.729338, "relative_strength": -5.056291, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -25.81865, "energy": 19.899815, "activity_lines": [ 7.43227, 7.530998, 7.481739, 7.468406 ] }, { "date": "2026-03-27", "close": 7.020631, "volume": 364216, "typical_volume": 404001.95, "trend": 7.456941, "fair_value": 6.73814, "relative_strength": -3.609703, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "down", "direction": -63.075821, "energy": 47.627711, "activity_lines": [ 7.253958, 7.434485, 7.442361, 7.43936 ] }, { "date": "2026-04-03", "close": 7.489977, "volume": 490797, "typical_volume": 409935.9, "trend": 7.456704, "fair_value": 6.750144, "relative_strength": -0.278301, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "down", "direction": -38.437099, "energy": 35.817783, "activity_lines": [ 7.283657, 7.432676, 7.4494, 7.441491 ] }, { "date": "2026-04-10", "close": 7.72465, "volume": 309022, "typical_volume": 407567.9, "trend": 7.459096, "fair_value": 6.764089, "relative_strength": -0.606332, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": 0.671552, "energy": 12.127358, "activity_lines": [ 7.416316, 7.47176, 7.478316, 7.458778 ] }, { "date": "2026-04-17", "close": 7.998435, "volume": 257015, "typical_volume": 406702.1, "trend": 7.470621, "fair_value": 6.779304, "relative_strength": -1.210968, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.722493, "energy": 35.172295, "activity_lines": [ 7.633388, 7.5558, 7.530826, 7.493574 ] }, { "date": "2026-04-24", "close": 7.910432, "volume": 223249, "typical_volume": 402267.5, "trend": 7.48233, "fair_value": 6.793471, "relative_strength": -2.540529, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.149068, "energy": 49.329769, "activity_lines": [ 7.781362, 7.61682, 7.572329, 7.521949 ] }, { "date": "2026-05-01", "close": 7.998435, "volume": 247845, "typical_volume": 396168.15, "trend": 7.495726, "fair_value": 6.80888, "relative_strength": -2.086069, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.901216, "energy": 69.985599, "activity_lines": [ 7.904566, 7.690682, 7.619069, 7.555246 ] }, { "date": "2026-05-08", "close": 8.086535, "volume": 332723, "typical_volume": 387502.75, "trend": 7.517048, "fair_value": 6.825774, "relative_strength": -2.988817, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.161971, "energy": 76.934208, "activity_lines": [ 7.991949, 7.776846, 7.670728, 7.593363 ] }, { "date": "2026-05-15", "close": 7.841986, "volume": 238437, "typical_volume": 378170.25, "trend": 7.527723, "fair_value": 6.841634, "relative_strength": -5.85801, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.179599, "energy": 65.728005, "activity_lines": [ 7.958045, 7.814446, 7.695381, 7.614327 ] }, { "date": "2026-05-22", "close": 7.988657, "volume": 280298, "typical_volume": 356358.6, "trend": 7.539312, "fair_value": 6.85921, "relative_strength": -4.720482, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.538112, "energy": 51.832451, "activity_lines": [ 7.965209, 7.874712, 7.731588, 7.644064 ] }, { "date": "2026-05-29", "close": 8.086437, "volume": 396249, "typical_volume": 339264.25, "trend": 7.560942, "fair_value": 6.875813, "relative_strength": -4.679207, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.402913, "energy": 44.817632, "activity_lines": [ 8.005618, 7.94209, 7.773722, 7.679363 ] }, { "date": "2026-06-05", "close": 8.057103, "volume": 362463, "typical_volume": 333308.4, "trend": 7.583466, "fair_value": 6.891743, "relative_strength": -2.39607, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.767465, "energy": 40.553106, "activity_lines": [ 8.024516, 7.986178, 7.809348, 7.711373 ] }, { "date": "2026-06-12", "close": 8.33079, "volume": 461164, "typical_volume": 334056.7, "trend": 7.614801, "fair_value": 6.909385, "relative_strength": 0.486591, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.214968, "energy": 51.085937, "activity_lines": [ 8.130732, 8.061183, 7.868556, 7.759588 ] }, { "date": "2026-06-19", "close": 8.15, "volume": 223824, "typical_volume": 330988.1, "trend": 7.646346, "fair_value": 6.927108, "relative_strength": -2.404609, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.458256, "energy": 50.788798, "activity_lines": [ 8.1604, 8.088029, 7.906079, 7.794117 ] }, { "date": "2026-06-26", "close": 8.57, "volume": 390083, "typical_volume": 325886.45, "trend": 7.683783, "fair_value": 6.945193, "relative_strength": 5.079756, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.659258, "energy": 67.523792, "activity_lines": [ 8.309534, 8.183505, 7.980312, 7.853707 ] }, { "date": "2026-07-03", "close": 8.62, "volume": 587655, "typical_volume": 333721.05, "trend": 7.729436, "fair_value": 6.9633, "relative_strength": 3.472976, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.376838, "energy": 78.283067, "activity_lines": [ 8.436579, 8.27768, 8.054747, 7.914108 ] }, { "date": "2026-07-10", "close": 8.54, "volume": 351164, "typical_volume": 340314.9, "trend": 7.771798, "fair_value": 6.980299, "relative_strength": 1.182676, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.807052, "energy": 75.101983, "activity_lines": [ 8.501386, 8.344409, 8.117357, 7.966403 ] }, { "date": "2026-07-17", "close": 8.66, "volume": 378495, "typical_volume": 342786.05, "trend": 7.81692, "fair_value": 6.99772, "relative_strength": 4.199261, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.856744, "energy": 81.407791, "activity_lines": [ 8.574, 8.423109, 8.187844, 8.023706 ] }, { "date": "2026-07-24", "close": 8.69, "volume": 338210, "typical_volume": 345063.7, "trend": 7.862086, "fair_value": 7.01578, "relative_strength": 5.131003, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.14058, "energy": 78.158422, "activity_lines": [ 8.634667, 8.496836, 8.257383, 8.080034 ] }, { "date": "2026-07-31", "close": 8.63, "volume": 441942, "typical_volume": 353972.65, "trend": 7.907164, "fair_value": 7.034249, "relative_strength": 3.230498, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.217657, "energy": 57.989755, "activity_lines": [ 8.639333, 8.544237, 8.316121, 8.129577 ] }, { "date": "2026-08-07", "close": 8.5, "volume": 287086, "typical_volume": 348096.85, "trend": 7.946953, "fair_value": 7.051785, "relative_strength": -1.75598, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.799822, "energy": 48.78764, "activity_lines": [ 8.596667, 8.55634, 8.356631, 8.167824 ] } ], "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." } } }