{
  "ticker": {
    "uuid": "0e9ccde2-860f-4ac1-80a3-02e52c5afbae",
    "symbol": "MODR",
    "name": "iShares Moderate Portfolio UCITS ETF EUR (Acc)",
    "exchange": "MIL",
    "country": "IT",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "FTSEMIB.MI",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 61.914,
    "architecture_energy": 41.824,
    "architecture_maturity": 59.971,
    "architecture_confidence": 73.622,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 25.12,
        "rotation_up": 38.03,
        "upward_expansion": 61.57,
        "deceleration": 88.26,
        "rotation_down": 27.75,
        "downward_expansion": 22.91
      },
      "activity_lines": [
        6.789467,
        6.797382,
        6.761276,
        6.690237
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 6.855,
    "trend_reference": 6.609533,
    "distance_from_trend": 0.037138,
    "trend_direction": "Improving",
    "fair_value": 6.027889,
    "distance_from_fair_value": 0.137214,
    "fair_value_direction": "Improving",
    "relative_strength": -9.377281,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.058687,
    "excess_performance": -0.112204,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.037138,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.021819,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.137214,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.009644,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.093773,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.03008,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.058687,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.782662,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 22442,
      "relative_activity": 1.548482,
      "balance": 0.782662,
      "dry_up": 1.048962,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.010784,
      "annualized_volatility": 0.078739,
      "from_high_reference": -0.005224,
      "from_low_reference": 0.117724
    },
    "levels": {
      "trend_reference": 6.609533,
      "fair_value_reference": 6.027889,
      "structural_low": 6.176,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-16",
        "end": "2025-06-13",
        "tenure": "Developing",
        "return": 0.006345,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-20",
        "end": "2025-08-01",
        "tenure": "Developing",
        "return": 0.019247,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-08",
        "end": "2026-03-27",
        "tenure": "Extended",
        "return": 0.010735,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-04-03",
        "end": "2026-04-24",
        "tenure": "New",
        "return": 0.037745,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-01",
        "end": "2026-07-31",
        "tenure": "Established",
        "return": 0.024041,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-11-10",
        "close": 5.123,
        "volume": 20,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-17",
        "close": 5.201,
        "volume": 13575,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-24",
        "close": 5.201,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-01",
        "close": 5.289,
        "volume": 1488,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-08",
        "close": 5.316,
        "volume": 2565,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-15",
        "close": 5.435,
        "volume": 1927,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-22",
        "close": 5.436,
        "volume": 338,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-29",
        "close": 5.447,
        "volume": 6650,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-05",
        "close": 5.438,
        "volume": 123,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-12",
        "close": 5.395,
        "volume": 500,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-19",
        "close": 5.431,
        "volume": 96,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-26",
        "close": 5.446,
        "volume": 1190,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-02",
        "close": 5.487,
        "volume": 8229,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-09",
        "close": 5.508,
        "volume": 39,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-16",
        "close": 5.509,
        "volume": 3994,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-23",
        "close": 5.521,
        "volume": 4000,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-01",
        "close": 5.587,
        "volume": 199,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-08",
        "close": 5.578,
        "volume": 1800,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-15",
        "close": 5.569,
        "volume": 6669,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-22",
        "close": 5.658,
        "volume": 15264,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-29",
        "close": 5.623,
        "volume": 1040,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-05",
        "close": 5.582,
        "volume": 5142,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-12",
        "close": 5.561,
        "volume": 10194,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-19",
        "close": 5.497,
        "volume": 3558,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-26",
        "close": 5.539,
        "volume": 5109,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-03",
        "close": 5.546,
        "volume": 162,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-10",
        "close": 5.604,
        "volume": 1799,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-17",
        "close": 5.646,
        "volume": 5433,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-24",
        "close": 5.625,
        "volume": 11711,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-31",
        "close": 5.581,
        "volume": 40,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-07",
        "close": 5.669,
        "volume": 6858,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-14",
        "close": 5.711,
        "volume": 13449,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-21",
        "close": 5.729,
        "volume": 4268,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-28",
        "close": 5.718,
        "volume": 3050,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-05",
        "close": 5.704,
        "volume": 284,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-12",
        "close": 5.776,
        "volume": 9820,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-19",
        "close": 5.731,
        "volume": 5085,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-26",
        "close": 5.729,
        "volume": 1920,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-02",
        "close": 5.671,
        "volume": 251,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-09",
        "close": 5.658,
        "volume": 2461,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-16",
        "close": 5.769,
        "volume": 3493,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-23",
        "close": 5.79,
        "volume": 1972,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-30",
        "close": 5.81,
        "volume": 4998,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-06",
        "close": 5.79,
        "volume": 405,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-13",
        "close": 5.762,
        "volume": 2500,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-20",
        "close": 5.827,
        "volume": 2196,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-27",
        "close": 5.884,
        "volume": 283,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-04",
        "close": 5.925,
        "volume": 1653,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-11",
        "close": 5.895,
        "volume": 959,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-18",
        "close": 5.956,
        "volume": 5017,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-25",
        "close": 5.924,
        "volume": 7420,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-01",
        "close": 5.908,
        "volume": 15592,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-08",
        "close": 6.01,
        "volume": 14439,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-15",
        "close": 5.944,
        "volume": 6395,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-22",
        "close": 5.973,
        "volume": 4889,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-29",
        "close": 6.001,
        "volume": 1825,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-06",
        "close": 6.098,
        "volume": 5085,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-13",
        "close": 6.102,
        "volume": 2530,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-20",
        "close": 5.992,
        "volume": 1115,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-27",
        "close": 5.992,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-03",
        "close": 6.013,
        "volume": 584,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-10",
        "close": 5.984,
        "volume": 2666,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-17",
        "close": 6.025,
        "volume": 6913,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-24",
        "close": 6.043,
        "volume": 233,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-31",
        "close": 6.126,
        "volume": 24638,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-07",
        "close": 6.12,
        "volume": 17386,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-14",
        "close": 6.121,
        "volume": 7231,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-21",
        "close": 6.126,
        "volume": 8863,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-28",
        "close": 6.056,
        "volume": 8823,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-07",
        "close": 5.899,
        "volume": 13638,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-14",
        "close": 5.819,
        "volume": 17317,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-21",
        "close": 5.892,
        "volume": 21499,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-28",
        "close": 5.861,
        "volume": 3751,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-04",
        "close": 5.768,
        "volume": 16585,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-11",
        "close": 5.577,
        "volume": 7889,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-18",
        "close": 5.663,
        "volume": 19950,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-25",
        "close": 5.752,
        "volume": 465,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-02",
        "close": 5.873,
        "volume": 3736,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-09",
        "close": 5.886,
        "volume": 802,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-16",
        "close": 5.989,
        "volume": 2055,
        "typical_volume": 9251.2,
        "trend": 5.951233,
        "fair_value": 5.73025,
        "relative_strength": -11.916765,
        "stage": 3,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "down",
        "direction": -18.552826,
        "energy": 19.280487,
        "activity_lines": [
          5.885,
          5.822418,
          5.876,
          5.915391
        ]
      },
      {
        "date": "2025-05-23",
        "close": 5.936,
        "volume": 1528,
        "typical_volume": 9298.4,
        "trend": 5.951633,
        "fair_value": 5.73279,
        "relative_strength": -9.952707,
        "stage": 3,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "down",
        "direction": -18.765345,
        "energy": 22.850254,
        "activity_lines": [
          5.919467,
          5.845691,
          5.876605,
          5.914409
        ]
      },
      {
        "date": "2025-05-30",
        "close": 5.966,
        "volume": 605,
        "typical_volume": 9195.35,
        "trend": 5.953567,
        "fair_value": 5.735634,
        "relative_strength": -10.745891,
        "stage": 3,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "down",
        "direction": -12.355679,
        "energy": 21.420148,
        "activity_lines": [
          5.945733,
          5.872291,
          5.880433,
          5.915335
        ]
      },
      {
        "date": "2025-06-06",
        "close": 5.994,
        "volume": 807,
        "typical_volume": 8890.05,
        "trend": 5.953033,
        "fair_value": 5.738747,
        "relative_strength": -11.30144,
        "stage": 3,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "mixed",
        "direction": 20.285379,
        "energy": 25.693392,
        "activity_lines": [
          5.967067,
          5.902636,
          5.887014,
          5.917944
        ]
      },
      {
        "date": "2025-06-13",
        "close": 6.027,
        "volume": 101,
        "typical_volume": 8883.45,
        "trend": 5.9558,
        "fair_value": 5.742179,
        "relative_strength": -7.948943,
        "stage": 3,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "mixed",
        "direction": 26.160531,
        "energy": 34.058948,
        "activity_lines": [
          5.991333,
          5.936564,
          5.896886,
          5.922716
        ]
      },
      {
        "date": "2025-06-20",
        "close": 5.975,
        "volume": 360,
        "typical_volume": 7669.55,
        "trend": 5.955867,
        "fair_value": 5.744918,
        "relative_strength": -8.049556,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 20.056244,
        "energy": 34.214079,
        "activity_lines": [
          5.988867,
          5.956327,
          5.901881,
          5.923955
        ]
      },
      {
        "date": "2025-06-27",
        "close": 6.016,
        "volume": 224,
        "typical_volume": 6811.45,
        "trend": 5.956367,
        "fair_value": 5.74807,
        "relative_strength": -8.384659,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 24.356789,
        "energy": 37.987437,
        "activity_lines": [
          6.001,
          5.976309,
          5.9115,
          5.927834
        ]
      },
      {
        "date": "2025-07-04",
        "close": 6.041,
        "volume": 11274,
        "typical_volume": 7013.6,
        "trend": 5.954467,
        "fair_value": 5.751437,
        "relative_strength": -7.560087,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 27.505263,
        "energy": 39.045638,
        "activity_lines": [
          6.016133,
          5.994418,
          5.923995,
          5.933295
        ]
      },
      {
        "date": "2025-07-11",
        "close": 6.056,
        "volume": 15935,
        "typical_volume": 7367.2,
        "trend": 5.952933,
        "fair_value": 5.754898,
        "relative_strength": -8.214528,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 28.778674,
        "energy": 37.146924,
        "activity_lines": [
          6.031267,
          6.01,
          5.9383,
          5.939845
        ]
      },
      {
        "date": "2025-07-18",
        "close": 6.071,
        "volume": 26972,
        "typical_volume": 8274.65,
        "trend": 5.955567,
        "fair_value": 5.758449,
        "relative_strength": -8.340406,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 39.479025,
        "energy": 48.833488,
        "activity_lines": [
          6.047267,
          6.024982,
          5.954367,
          5.947462
        ]
      },
      {
        "date": "2025-07-25",
        "close": 6.113,
        "volume": 1540,
        "typical_volume": 7669.75,
        "trend": 5.9596,
        "fair_value": 5.762389,
        "relative_strength": -8.437281,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 46.197372,
        "energy": 61.386147,
        "activity_lines": [
          6.074333,
          6.044236,
          5.974362,
          5.957619
        ]
      },
      {
        "date": "2025-08-01",
        "close": 6.09,
        "volume": 47845,
        "typical_volume": 9196.15,
        "trend": 5.962167,
        "fair_value": 5.765989,
        "relative_strength": -6.723954,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 69.982419,
        "energy": 83.628035,
        "activity_lines": [
          6.084533,
          6.057055,
          5.991148,
          5.966032
        ]
      },
      {
        "date": "2025-08-08",
        "close": 6.148,
        "volume": 2070,
        "typical_volume": 8224.7,
        "trend": 5.967633,
        "fair_value": 5.770141,
        "relative_strength": -9.314966,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.49388,
        "energy": 91.204758,
        "activity_lines": [
          6.109133,
          6.077618,
          6.012167,
          5.978022
        ]
      },
      {
        "date": "2025-08-15",
        "close": 6.162,
        "volume": 9991,
        "typical_volume": 8536.7,
        "trend": 5.9722,
        "fair_value": 5.774355,
        "relative_strength": -10.98656,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.348925,
        "energy": 91.956355,
        "activity_lines": [
          6.131267,
          6.097418,
          6.0333,
          5.990561
        ]
      },
      {
        "date": "2025-08-22",
        "close": 6.189,
        "volume": 708,
        "typical_volume": 7742.85,
        "trend": 5.977067,
        "fair_value": 5.778766,
        "relative_strength": -11.645349,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.990523,
        "energy": 92.805009,
        "activity_lines": [
          6.155333,
          6.119073,
          6.055571,
          6.004548
        ]
      },
      {
        "date": "2025-08-29",
        "close": 6.186,
        "volume": 6851,
        "typical_volume": 7690.95,
        "trend": 5.979067,
        "fair_value": 5.783053,
        "relative_strength": -9.114337,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.865156,
        "energy": 90.324432,
        "activity_lines": [
          6.170533,
          6.137236,
          6.075552,
          6.018028
        ]
      },
      {
        "date": "2025-09-05",
        "close": 6.184,
        "volume": 7445,
        "typical_volume": 7065.7,
        "trend": 5.9812,
        "fair_value": 5.787229,
        "relative_strength": -7.581035,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.801117,
        "energy": 85.012631,
        "activity_lines": [
          6.1802,
          6.1512,
          6.092443,
          6.031249
        ]
      },
      {
        "date": "2025-09-12",
        "close": 6.245,
        "volume": 4502,
        "typical_volume": 7267.55,
        "trend": 5.985333,
        "fair_value": 5.791948,
        "relative_strength": -8.497043,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.858429,
        "energy": 83.291337,
        "activity_lines": [
          6.203933,
          6.1732,
          6.112662,
          6.048269
        ]
      },
      {
        "date": "2025-09-19",
        "close": 6.254,
        "volume": 18843,
        "typical_volume": 8022.9,
        "trend": 5.9896,
        "fair_value": 5.796663,
        "relative_strength": -7.540246,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.800119,
        "energy": 81.211065,
        "activity_lines": [
          6.2242,
          6.193127,
          6.13139,
          6.065602
        ]
      },
      {
        "date": "2025-09-26",
        "close": 6.247,
        "volume": 7284,
        "typical_volume": 8347.0,
        "trend": 5.995967,
        "fair_value": 5.801212,
        "relative_strength": -8.113369,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.617239,
        "energy": 72.332207,
        "activity_lines": [
          6.236,
          6.208182,
          6.147638,
          6.082209
        ]
      },
      {
        "date": "2025-10-03",
        "close": 6.294,
        "volume": 17958,
        "typical_volume": 9142.15,
        "trend": 6.009133,
        "fair_value": 5.80614,
        "relative_strength": -8.390654,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.004447,
        "energy": 86.826688,
        "activity_lines": [
          6.2596,
          6.228582,
          6.166643,
          6.101437
        ]
      },
      {
        "date": "2025-10-10",
        "close": 6.282,
        "volume": 6892,
        "typical_volume": 9410.35,
        "trend": 6.024567,
        "fair_value": 5.810851,
        "relative_strength": -5.678024,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.021225,
        "energy": 74.619973,
        "activity_lines": [
          6.272,
          6.243509,
          6.183052,
          6.119041
        ]
      },
      {
        "date": "2025-10-17",
        "close": 6.33,
        "volume": 30024,
        "typical_volume": 10881.3,
        "trend": 6.039167,
        "fair_value": 5.815941,
        "relative_strength": -4.09236,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.976362,
        "energy": 73.216079,
        "activity_lines": [
          6.293867,
          6.263673,
          6.202386,
          6.138746
        ]
      },
      {
        "date": "2025-10-24",
        "close": 6.359,
        "volume": 18645,
        "typical_volume": 11773.2,
        "trend": 6.055767,
        "fair_value": 5.821214,
        "relative_strength": -5.067271,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.442141,
        "energy": 77.025921,
        "activity_lines": [
          6.319733,
          6.2858,
          6.222748,
          6.159381
        ]
      },
      {
        "date": "2025-10-31",
        "close": 6.391,
        "volume": 34276,
        "typical_volume": 13481.95,
        "trend": 6.076533,
        "fair_value": 5.826692,
        "relative_strength": -5.853244,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.697189,
        "energy": 83.366291,
        "activity_lines": [
          6.349267,
          6.310164,
          6.244419,
          6.181009
        ]
      },
      {
        "date": "2025-11-07",
        "close": 6.312,
        "volume": 36706,
        "typical_volume": 15299.25,
        "trend": 6.101033,
        "fair_value": 5.831314,
        "relative_strength": -6.108222,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.819623,
        "energy": 67.280926,
        "activity_lines": [
          6.342867,
          6.316491,
          6.256833,
          6.1962
        ]
      },
      {
        "date": "2025-11-14",
        "close": 6.36,
        "volume": 38803,
        "typical_volume": 17228.2,
        "trend": 6.124267,
        "fair_value": 5.836302,
        "relative_strength": -7.377216,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.799149,
        "energy": 67.094937,
        "activity_lines": [
          6.351267,
          6.329255,
          6.272214,
          6.212908
        ]
      },
      {
        "date": "2025-11-21",
        "close": 6.271,
        "volume": 6413,
        "typical_volume": 16985.15,
        "trend": 6.141567,
        "fair_value": 5.840364,
        "relative_strength": -5.454794,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.012015,
        "energy": 52.812381,
        "activity_lines": [
          6.3248,
          6.322636,
          6.277481,
          6.222374
        ]
      },
      {
        "date": "2025-11-28",
        "close": 6.388,
        "volume": 4282,
        "typical_volume": 16402.5,
        "trend": 6.158733,
        "fair_value": 5.845435,
        "relative_strength": -4.855044,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.443628,
        "energy": 51.498903,
        "activity_lines": [
          6.341267,
          6.336818,
          6.292795,
          6.238273
        ]
      },
      {
        "date": "2025-12-05",
        "close": 6.392,
        "volume": 3667,
        "typical_volume": 15237.25,
        "trend": 6.1756,
        "fair_value": 5.85045,
        "relative_strength": -4.626717,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.033486,
        "energy": 54.437945,
        "activity_lines": [
          6.357133,
          6.349291,
          6.30691,
          6.253323
        ]
      },
      {
        "date": "2025-12-12",
        "close": 6.351,
        "volume": 8981,
        "typical_volume": 15609.3,
        "trend": 6.187667,
        "fair_value": 5.855,
        "relative_strength": -5.072438,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.487032,
        "energy": 46.720024,
        "activity_lines": [
          6.359267,
          6.351673,
          6.31559,
          6.264639
        ]
      },
      {
        "date": "2025-12-19",
        "close": 6.376,
        "volume": 8609,
        "typical_volume": 13647.5,
        "trend": 6.202333,
        "fair_value": 5.859694,
        "relative_strength": -6.940155,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.359254,
        "energy": 51.507942,
        "activity_lines": [
          6.367133,
          6.357564,
          6.325519,
          6.276789
        ]
      },
      {
        "date": "2025-12-26",
        "close": 6.411,
        "volume": 742,
        "typical_volume": 13581.1,
        "trend": 6.217167,
        "fair_value": 5.864616,
        "relative_strength": -5.737386,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.878473,
        "energy": 53.390723,
        "activity_lines": [
          6.3856,
          6.368109,
          6.337419,
          6.290252
        ]
      },
      {
        "date": "2026-01-02",
        "close": 6.412,
        "volume": 4140,
        "typical_volume": 13288.55,
        "trend": 6.2311,
        "fair_value": 5.86946,
        "relative_strength": -6.906847,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.024284,
        "energy": 50.070413,
        "activity_lines": [
          6.395067,
          6.377364,
          6.348162,
          6.302822
        ]
      },
      {
        "date": "2026-01-09",
        "close": 6.481,
        "volume": 7171,
        "typical_volume": 13611.7,
        "trend": 6.246233,
        "fair_value": 5.874825,
        "relative_strength": -6.273438,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.872523,
        "energy": 60.177229,
        "activity_lines": [
          6.425933,
          6.3982,
          6.364286,
          6.318944
        ]
      },
      {
        "date": "2026-01-16",
        "close": 6.49,
        "volume": 13790,
        "typical_volume": 13958.65,
        "trend": 6.2634,
        "fair_value": 5.880174,
        "relative_strength": -6.017442,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.949862,
        "energy": 75.131115,
        "activity_lines": [
          6.453867,
          6.419036,
          6.379876,
          6.334671
        ]
      },
      {
        "date": "2026-01-23",
        "close": 6.472,
        "volume": 12750,
        "typical_volume": 14223.9,
        "trend": 6.2786,
        "fair_value": 5.885276,
        "relative_strength": -3.978093,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.869249,
        "energy": 66.723415,
        "activity_lines": [
          6.466533,
          6.433364,
          6.392305,
          6.348129
        ]
      },
      {
        "date": "2026-01-30",
        "close": 6.466,
        "volume": 18759,
        "typical_volume": 14936.75,
        "trend": 6.292767,
        "fair_value": 5.890239,
        "relative_strength": -5.217108,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.184353,
        "energy": 61.804469,
        "activity_lines": [
          6.4708,
          6.444564,
          6.40279,
          6.360219
        ]
      },
      {
        "date": "2026-02-06",
        "close": 6.475,
        "volume": 14083,
        "typical_volume": 14698.75,
        "trend": 6.306733,
        "fair_value": 5.895195,
        "relative_strength": -5.518068,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.464199,
        "energy": 50.099292,
        "activity_lines": [
          6.4744,
          6.453855,
          6.413081,
          6.371976
        ]
      },
      {
        "date": "2026-02-13",
        "close": 6.484,
        "volume": 2295,
        "typical_volume": 14449.3,
        "trend": 6.3205,
        "fair_value": 5.900143,
        "relative_strength": -4.230441,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.531579,
        "energy": 47.884052,
        "activity_lines": [
          6.4768,
          6.4632,
          6.423176,
          6.383413
        ]
      },
      {
        "date": "2026-02-20",
        "close": 6.528,
        "volume": 7420,
        "typical_volume": 13922.4,
        "trend": 6.334333,
        "fair_value": 5.905375,
        "relative_strength": -5.511067,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.795396,
        "energy": 52.388062,
        "activity_lines": [
          6.493667,
          6.478873,
          6.436333,
          6.3968
        ]
      },
      {
        "date": "2026-02-27",
        "close": 6.549,
        "volume": 8029,
        "typical_volume": 13979.25,
        "trend": 6.349633,
        "fair_value": 5.910694,
        "relative_strength": -6.46978,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.176479,
        "energy": 59.984746,
        "activity_lines": [
          6.515,
          6.495145,
          6.450376,
          6.410649
        ]
      },
      {
        "date": "2026-03-06",
        "close": 6.46,
        "volume": 26486,
        "typical_volume": 13802.35,
        "trend": 6.360033,
        "fair_value": 5.915197,
        "relative_strength": -1.267197,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.408758,
        "energy": 45.469604,
        "activity_lines": [
          6.501533,
          6.492091,
          6.454671,
          6.41777
        ]
      },
      {
        "date": "2026-03-13",
        "close": 6.371,
        "volume": 24565,
        "typical_volume": 14098.35,
        "trend": 6.367,
        "fair_value": 5.918902,
        "relative_strength": -2.904591,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 26.364361,
        "energy": 20.417085,
        "activity_lines": [
          6.4588,
          6.471964,
          6.449871,
          6.418477
        ]
      },
      {
        "date": "2026-03-20",
        "close": 6.319,
        "volume": 24485,
        "typical_volume": 13608.8,
        "trend": 6.371333,
        "fair_value": 5.922129,
        "relative_strength": -0.334646,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 4.013502,
        "energy": 13.394755,
        "activity_lines": [
          6.405667,
          6.443127,
          6.440062,
          6.415381
        ]
      },
      {
        "date": "2026-03-27",
        "close": 6.214,
        "volume": 4984,
        "typical_volume": 12022.7,
        "trend": 6.372267,
        "fair_value": 5.924464,
        "relative_strength": -3.104983,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "mixed",
        "direction": -40.442876,
        "energy": 41.232179,
        "activity_lines": [
          6.328533,
          6.398145,
          6.420595,
          6.40523
        ]
      },
      {
        "date": "2026-04-03",
        "close": 6.332,
        "volume": 4906,
        "typical_volume": 10327.85,
        "trend": 6.3772,
        "fair_value": 5.927698,
        "relative_strength": -5.786177,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -21.301066,
        "energy": 35.875789,
        "activity_lines": [
          6.311667,
          6.379636,
          6.412833,
          6.402632
        ]
      },
      {
        "date": "2026-04-10",
        "close": 6.456,
        "volume": 8360,
        "typical_volume": 10425.2,
        "trend": 6.384233,
        "fair_value": 5.931858,
        "relative_strength": -7.602979,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -7.940799,
        "energy": 22.984429,
        "activity_lines": [
          6.3506,
          6.386218,
          6.417014,
          6.407716
        ]
      },
      {
        "date": "2026-04-17",
        "close": 6.593,
        "volume": 23515,
        "typical_volume": 11386.85,
        "trend": 6.395533,
        "fair_value": 5.937023,
        "relative_strength": -7.803516,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "up",
        "direction": 49.768716,
        "energy": 19.006639,
        "activity_lines": [
          6.435467,
          6.417891,
          6.433362,
          6.421185
        ]
      },
      {
        "date": "2026-04-24",
        "close": 6.571,
        "volume": 9971,
        "typical_volume": 11702.05,
        "trend": 6.406333,
        "fair_value": 5.941938,
        "relative_strength": -5.572165,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "up",
        "direction": 55.021032,
        "energy": 39.902431,
        "activity_lines": [
          6.4982,
          6.443418,
          6.446638,
          6.432505
        ]
      },
      {
        "date": "2026-05-01",
        "close": 6.572,
        "volume": 21696,
        "typical_volume": 12337.8,
        "trend": 6.4156,
        "fair_value": 5.946785,
        "relative_strength": -6.503258,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.909647,
        "energy": 50.987195,
        "activity_lines": [
          6.544467,
          6.467545,
          6.459157,
          6.443194
        ]
      },
      {
        "date": "2026-05-08",
        "close": 6.712,
        "volume": 20745,
        "typical_volume": 12944.6,
        "trend": 6.429933,
        "fair_value": 5.952626,
        "relative_strength": -6.369307,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.430685,
        "energy": 82.565033,
        "activity_lines": [
          6.613533,
          6.516327,
          6.483957,
          6.462316
        ]
      },
      {
        "date": "2026-05-15",
        "close": 6.682,
        "volume": 33695,
        "typical_volume": 14592.25,
        "trend": 6.441667,
        "fair_value": 5.958152,
        "relative_strength": -6.318054,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.715952,
        "energy": 80.544409,
        "activity_lines": [
          6.647267,
          6.556691,
          6.5043,
          6.478578
        ]
      },
      {
        "date": "2026-05-22",
        "close": 6.733,
        "volume": 4013,
        "typical_volume": 14585.9,
        "trend": 6.454133,
        "fair_value": 5.963977,
        "relative_strength": -6.177424,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.378993,
        "energy": 82.85859,
        "activity_lines": [
          6.682933,
          6.602291,
          6.52821,
          6.497374
        ]
      },
      {
        "date": "2026-05-29",
        "close": 6.819,
        "volume": 57634,
        "typical_volume": 17109.05,
        "trend": 6.4684,
        "fair_value": 5.970358,
        "relative_strength": -5.821136,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.58049,
        "energy": 87.918835,
        "activity_lines": [
          6.737933,
          6.656945,
          6.558781,
          6.520914
        ]
      },
      {
        "date": "2026-06-05",
        "close": 6.769,
        "volume": 27326,
        "typical_volume": 17785.85,
        "trend": 6.483633,
        "fair_value": 5.976274,
        "relative_strength": -6.092639,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.971666,
        "energy": 80.809981,
        "activity_lines": [
          6.759733,
          6.693418,
          6.582981,
          6.540308
        ]
      },
      {
        "date": "2026-06-12",
        "close": 6.785,
        "volume": 207,
        "typical_volume": 17158.7,
        "trend": 6.4978,
        "fair_value": 5.982221,
        "relative_strength": -8.546147,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.699209,
        "energy": 81.116637,
        "activity_lines": [
          6.773733,
          6.722709,
          6.607376,
          6.559751
        ]
      },
      {
        "date": "2026-06-19",
        "close": 6.837,
        "volume": 606,
        "typical_volume": 16251.05,
        "trend": 6.516667,
        "fair_value": 5.98846,
        "relative_strength": -9.927031,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.83212,
        "energy": 87.926835,
        "activity_lines": [
          6.8002,
          6.753218,
          6.635233,
          6.581634
        ]
      },
      {
        "date": "2026-06-26",
        "close": 6.821,
        "volume": 2233,
        "typical_volume": 15658.55,
        "trend": 6.5311,
        "fair_value": 5.994493,
        "relative_strength": -7.133405,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.283447,
        "energy": 84.540073,
        "activity_lines": [
          6.811,
          6.773891,
          6.6598,
          6.601269
        ]
      },
      {
        "date": "2026-07-03",
        "close": 6.848,
        "volume": 1010,
        "typical_volume": 15594.3,
        "trend": 6.5463,
        "fair_value": 6.000633,
        "relative_strength": -9.230901,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.023307,
        "energy": 87.572203,
        "activity_lines": [
          6.824933,
          6.795327,
          6.68529,
          6.621714
        ]
      },
      {
        "date": "2026-07-10",
        "close": 6.806,
        "volume": 8147,
        "typical_volume": 15630.65,
        "trend": 6.561467,
        "fair_value": 6.006386,
        "relative_strength": -9.170152,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.756238,
        "energy": 80.452559,
        "activity_lines": [
          6.822933,
          6.804091,
          6.705048,
          6.638469
        ]
      },
      {
        "date": "2026-07-17",
        "close": 6.77,
        "volume": 15975,
        "typical_volume": 16027.95,
        "trend": 6.5746,
        "fair_value": 6.011801,
        "relative_strength": -8.126353,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.028522,
        "energy": 61.148042,
        "activity_lines": [
          6.806467,
          6.802055,
          6.720052,
          6.651923
        ]
      },
      {
        "date": "2026-07-24",
        "close": 6.767,
        "volume": 9327,
        "typical_volume": 15170.0,
        "trend": 6.586467,
        "fair_value": 6.01712,
        "relative_strength": -7.782154,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.033584,
        "energy": 49.493038,
        "activity_lines": [
          6.79,
          6.798418,
          6.733719,
          6.664335
        ]
      },
      {
        "date": "2026-07-31",
        "close": 6.73,
        "volume": 13066,
        "typical_volume": 14595.05,
        "trend": 6.597067,
        "fair_value": 6.022105,
        "relative_strength": -8.647436,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 43.673843,
        "energy": 33.857467,
        "activity_lines": [
          6.765867,
          6.786509,
          6.7424,
          6.673596
        ]
      },
      {
        "date": "2026-08-07",
        "close": 6.855,
        "volume": 22442,
        "typical_volume": 14492.9,
        "trend": 6.609533,
        "fair_value": 6.027889,
        "relative_strength": -9.377281,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 61.913667,
        "energy": 41.823711,
        "activity_lines": [
          6.789467,
          6.797382,
          6.761276,
          6.690237
        ]
      }
    ],
    "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."
    }
  }
}