{ "ticker": { "uuid": "13d92416-134f-4c54-8d7c-a3763667b53e", "symbol": "EDM4", "name": "iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR Acc", "exchange": "GER", "country": "DE", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GDAXI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 78.374, "architecture_energy": 57.02, "architecture_maturity": 56.871, "architecture_confidence": 73.884, "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": 13.63, "rotation_up": 51.41, "upward_expansion": 79.88, "deceleration": 67.13, "rotation_down": 27.22, "downward_expansion": 8.88 }, "activity_lines": [ 10.4968, 10.462218, 10.276843, 10.088531 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 10.712, "trend_reference": 9.894467, "distance_from_trend": 0.082625, "trend_direction": "Improving", "fair_value": 8.262019, "distance_from_fair_value": 0.296535, "fair_value_direction": "Improving", "relative_strength": 3.819817, "relative_strength_direction": "Weakening", "price_momentum": 0.101604, "excess_performance": 0.036965, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.082625, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.041424, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.296535, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.066944, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.038198, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.02259, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.101604, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.662163, "read": "Demand-led" } ], "volume": { "latest": 823721, "relative_activity": 0.850049, "balance": 1.662163, "dry_up": 1.04679, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.023403, "annualized_volatility": 0.176084, "from_high_reference": -0.005939, "from_low_reference": 0.249942 }, "levels": { "trend_reference": 9.894467, "fair_value_reference": 8.262019, "structural_low": 8.737, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 42, "median_return": 0.005433, "positive_rate": 0.595238, "directional_follow_through": 0.595238, "median_excess_return": 0.001993, "regime_survival": 0.785714, "best_return": 0.093878, "worst_return": -0.071581, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.014943, "positive_rate": 0.769231, "directional_follow_through": 0.769231, "median_excess_return": 0.010257, "regime_survival": 0.538462, "best_return": 0.095439, "worst_return": -0.049319, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.057532, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.01053, "regime_survival": 0.5, "best_return": 0.154762, "worst_return": -0.176044, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.145013, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.000133, "regime_survival": 0.25, "best_return": 0.193197, "worst_return": -0.13169, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-10-20", "end": "2023-12-01", "tenure": "Developing", "return": 0.104062, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-08", "end": "2023-12-29", "tenure": "New", "return": 0.003304, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-05", "end": "2024-06-21", "tenure": "Established", "return": 0.107205, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-28", "end": "2024-08-09", "tenure": "Developing", "return": -0.034968, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-16", "end": "2024-08-23", "tenure": "New", "return": 0.015852, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-30", "end": "2024-09-27", "tenure": "Developing", "return": 0.023745, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2024-11-08", "tenure": "Developing", "return": -0.029721, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-15", "end": "2025-01-17", "tenure": "Developing", "return": 0.062583, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-24", "end": "2025-03-28", "tenure": "Developing", "return": 0.021033, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": -0.010599, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-05-23", "tenure": "Developing", "return": 0.096151, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-30", "end": "2026-03-13", "tenure": "Extended", "return": 0.076166, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-05-01", "tenure": "Developing", "return": 0.083706, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-08-07", "tenure": "Established", "return": 0.094066, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 6.54, "volume": 318880, "typical_volume": 399677.45, "trend": 6.624333, "fair_value": 6.078545, "relative_strength": -0.717576, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.510505, "energy": 7.71705, "activity_lines": [ 6.681933, 6.710255, 6.705062, 6.670449 ] }, { "date": "2023-08-25", "close": 6.576, "volume": 1815678, "typical_volume": 462886.85, "trend": 6.627633, "fair_value": 6.088628, "relative_strength": -0.453471, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.642817, "energy": 14.176601, "activity_lines": [ 6.629333, 6.684527, 6.694038, 6.667331 ] }, { "date": "2023-09-01", "close": 6.659, "volume": 398570, "typical_volume": 471569.1, "trend": 6.6292, "fair_value": 6.099792, "relative_strength": -0.479251, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.089968, "energy": 16.554777, "activity_lines": [ 6.620467, 6.677782, 6.690829, 6.669355 ] }, { "date": "2023-09-08", "close": 6.579, "volume": 200164, "typical_volume": 431833.05, "trend": 6.631333, "fair_value": 6.109901, "relative_strength": -0.980551, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.770144, "energy": 19.594399, "activity_lines": [ 6.601733, 6.655218, 6.680019, 6.666116 ] }, { "date": "2023-09-15", "close": 6.667, "volume": 428394, "typical_volume": 393736.85, "trend": 6.6327, "fair_value": 6.120673, "relative_strength": -0.555472, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.779235, "energy": 14.565564, "activity_lines": [ 6.621333, 6.652255, 6.678124, 6.668417 ] }, { "date": "2023-09-22", "close": 6.532, "volume": 273223, "typical_volume": 394765.1, "trend": 6.6347, "fair_value": 6.131913, "relative_strength": -0.418529, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.079296, "energy": 14.851191, "activity_lines": [ 6.597267, 6.622782, 6.663348, 6.66192 ] }, { "date": "2023-09-29", "close": 6.462, "volume": 1399384, "typical_volume": 450907.55, "trend": 6.629567, "fair_value": 6.14201, "relative_strength": -0.342703, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.803593, "energy": 31.903513, "activity_lines": [ 6.5504, 6.585291, 6.642514, 6.650778 ] }, { "date": "2023-10-06", "close": 6.4, "volume": 883451, "typical_volume": 479690.75, "trend": 6.6264, "fair_value": 6.150811, "relative_strength": -0.237164, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -39.919279, "energy": 45.957508, "activity_lines": [ 6.490467, 6.542982, 6.616705, 6.635968 ] }, { "date": "2023-10-13", "close": 6.363, "volume": 474412, "typical_volume": 487674.7, "trend": 6.630933, "fair_value": 6.159551, "relative_strength": -0.513475, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -70.41036, "energy": 68.478564, "activity_lines": [ 6.435467, 6.503236, 6.589048, 6.618974 ] }, { "date": "2023-10-20", "close": 6.179, "volume": 868561, "typical_volume": 498944.6, "trend": 6.6272, "fair_value": 6.167535, "relative_strength": -0.834296, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.936842, "energy": 78.854861, "activity_lines": [ 6.333533, 6.436418, 6.545352, 6.589817 ] }, { "date": "2023-10-27", "close": 6.164, "volume": 165624, "typical_volume": 500651.5, "trend": 6.613867, "fair_value": 6.177567, "relative_strength": -0.32011, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.54508, "energy": 82.449603, "activity_lines": [ 6.259133, 6.376109, 6.502667, 6.559933 ] }, { "date": "2023-11-03", "close": 6.441, "volume": 353295, "typical_volume": 512919.9, "trend": 6.61, "fair_value": 6.187205, "relative_strength": 0.702747, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.40896, "energy": 69.033827, "activity_lines": [ 6.3016, 6.373, 6.488686, 6.548781 ] }, { "date": "2023-11-10", "close": 6.463, "volume": 1050492, "typical_volume": 529406.4, "trend": 6.603333, "fair_value": 6.194859, "relative_strength": 0.735754, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.004139, "energy": 44.018024, "activity_lines": [ 6.3528, 6.376345, 6.478462, 6.539297 ] }, { "date": "2023-11-17", "close": 6.681, "volume": 699218, "typical_volume": 552599.85, "trend": 6.603, "fair_value": 6.203494, "relative_strength": -0.348202, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.414579, "energy": 13.588502, "activity_lines": [ 6.472467, 6.422891, 6.4896, 6.544308 ] }, { "date": "2023-11-24", "close": 6.736, "volume": 342524, "typical_volume": 553557.8, "trend": 6.605467, "fair_value": 6.211827, "relative_strength": -0.219276, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -1.671057, "energy": 21.682508, "activity_lines": [ 6.589267, 6.477582, 6.506433, 6.552888 ] }, { "date": "2023-12-01", "close": 6.822, "volume": 4038913, "typical_volume": 739317.6, "trend": 6.610867, "fair_value": 6.220609, "relative_strength": -1.184186, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 34.39277, "energy": 40.118516, "activity_lines": [ 6.6976, 6.546655, 6.530614, 6.566858 ] }, { "date": "2023-12-08", "close": 6.962, "volume": 271394, "typical_volume": 737112.05, "trend": 6.621033, "fair_value": 6.230628, "relative_strength": -1.298158, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.644947, "energy": 64.203365, "activity_lines": [ 6.808733, 6.635909, 6.567981, 6.589512 ] }, { "date": "2023-12-15", "close": 7.016, "volume": 880576, "typical_volume": 770172.5, "trend": 6.629833, "fair_value": 6.240513, "relative_strength": -0.46636, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.504378, "energy": 74.23748, "activity_lines": [ 6.903133, 6.725891, 6.6098, 6.614994 ] }, { "date": "2023-12-22", "close": 6.974, "volume": 1435212, "typical_volume": 822896.0, "trend": 6.6398, "fair_value": 6.250077, "relative_strength": -0.76249, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.588143, "energy": 76.02305, "activity_lines": [ 6.946667, 6.797036, 6.647119, 6.637198 ] }, { "date": "2023-12-29", "close": 6.985, "volume": 438489, "typical_volume": 836822.7, "trend": 6.6496, "fair_value": 6.259333, "relative_strength": -0.843723, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 70.414963, "energy": 85.755751, "activity_lines": [ 6.974333, 6.859073, 6.684248, 6.659469 ] }, { "date": "2024-01-05", "close": 6.884, "volume": 351033, "typical_volume": 838430.35, "trend": 6.657333, "fair_value": 6.267218, "relative_strength": -1.295349, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.262081, "energy": 75.252832, "activity_lines": [ 6.951733, 6.888091, 6.710338, 6.674591 ] }, { "date": "2024-01-12", "close": 6.898, "volume": 634941, "typical_volume": 779393.5, "trend": 6.660933, "fair_value": 6.275526, "relative_strength": -1.6877, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.937594, "energy": 53.8934, "activity_lines": [ 6.929667, 6.906564, 6.736124, 6.690118 ] }, { "date": "2024-01-19", "close": 6.841, "volume": 351893, "typical_volume": 777059.65, "trend": 6.669333, "fair_value": 6.283474, "relative_strength": -1.573641, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.345451, "energy": 41.574605, "activity_lines": [ 6.892867, 6.906364, 6.754948, 6.701735 ] }, { "date": "2024-01-26", "close": 7.109, "volume": 967824, "typical_volume": 815442.65, "trend": 6.6804, "fair_value": 6.294237, "relative_strength": -0.129195, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.51085, "energy": 52.312328, "activity_lines": [ 6.957067, 6.948018, 6.798429, 6.730101 ] }, { "date": "2024-02-02", "close": 7.096, "volume": 298447, "typical_volume": 808945.3, "trend": 6.6983, "fair_value": 6.303288, "relative_strength": -0.021658, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.76839, "energy": 60.462443, "activity_lines": [ 7.007933, 6.979527, 6.838148, 6.756914 ] }, { "date": "2024-02-09", "close": 7.149, "volume": 623025, "typical_volume": 826435.4, "trend": 6.710233, "fair_value": 6.312359, "relative_strength": 0.690707, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.952237, "energy": 82.188586, "activity_lines": [ 7.069067, 7.014127, 6.880871, 6.785991 ] }, { "date": "2024-02-16", "close": 7.205, "volume": 1015479, "typical_volume": 807240.15, "trend": 6.723167, "fair_value": 6.321737, "relative_strength": 0.379988, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.506007, "energy": 90.561978, "activity_lines": [ 7.1312, 7.052964, 6.92599, 6.817912 ] }, { "date": "2024-02-23", "close": 7.332, "volume": 490615, "typical_volume": 787598.35, "trend": 6.7372, "fair_value": 6.33259, "relative_strength": 0.400227, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.03029, "energy": 93.206674, "activity_lines": [ 7.2152, 7.110473, 6.979667, 6.857191 ] }, { "date": "2024-03-01", "close": 7.357, "volume": 367400, "typical_volume": 782247.75, "trend": 6.758633, "fair_value": 6.343423, "relative_strength": -1.006185, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.919874, "energy": 93.029647, "activity_lines": [ 7.2748, 7.166782, 7.031286, 6.897178 ] }, { "date": "2024-03-08", "close": 7.453, "volume": 527160, "typical_volume": 765177.7, "trend": 6.784167, "fair_value": 6.353429, "relative_strength": -0.14962, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.067781, "energy": 94.400076, "activity_lines": [ 7.349867, 7.233582, 7.087314, 6.941976 ] }, { "date": "2024-03-15", "close": 7.487, "volume": 361014, "typical_volume": 774947.2, "trend": 6.815733, "fair_value": 6.363692, "relative_strength": -0.357778, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.778742, "energy": 92.146738, "activity_lines": [ 7.412467, 7.298055, 7.140514, 6.98732 ] }, { "date": "2024-03-22", "close": 7.567, "volume": 720273, "typical_volume": 793296.1, "trend": 6.848767, "fair_value": 6.374173, "relative_strength": -0.760043, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.345266, "energy": 91.55469, "activity_lines": [ 7.4792, 7.366109, 7.195033, 7.035789 ] }, { "date": "2024-03-29", "close": 7.636, "volume": 968374, "typical_volume": 789190.2, "trend": 6.881333, "fair_value": 6.384449, "relative_strength": -1.374907, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.338939, "energy": 86.07144, "activity_lines": [ 7.5448, 7.434545, 7.250762, 7.086578 ] }, { "date": "2024-04-05", "close": 7.541, "volume": 287388, "typical_volume": 768598.7, "trend": 6.9134, "fair_value": 6.393769, "relative_strength": -0.875828, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.063801, "energy": 67.727647, "activity_lines": [ 7.558467, 7.471255, 7.291857, 7.129138 ] }, { "date": "2024-04-12", "close": 7.48, "volume": 825891, "typical_volume": 792767.05, "trend": 6.9405, "fair_value": 6.402186, "relative_strength": -0.315851, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.005034, "energy": 65.700142, "activity_lines": [ 7.539533, 7.489018, 7.323048, 7.165692 ] }, { "date": "2024-04-19", "close": 7.427, "volume": 1121644, "typical_volume": 646903.6, "trend": 6.970333, "fair_value": 6.410455, "relative_strength": 0.066466, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.622999, "energy": 59.865529, "activity_lines": [ 7.501133, 7.490164, 7.345648, 7.19708 ] }, { "date": "2024-04-26", "close": 7.6, "volume": 661801, "typical_volume": 666423.95, "trend": 7.008267, "fair_value": 6.419885, "relative_strength": 0.008342, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.162875, "energy": 61.12785, "activity_lines": [ 7.5244, 7.517709, 7.381843, 7.237703 ] }, { "date": "2024-05-03", "close": 7.555, "volume": 386114, "typical_volume": 641700.85, "trend": 7.046767, "fair_value": 6.428186, "relative_strength": 0.285405, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.288617, "energy": 53.12807, "activity_lines": [ 7.530467, 7.529891, 7.410714, 7.272976 ] }, { "date": "2024-05-10", "close": 7.82, "volume": 401711, "typical_volume": 590025.8, "trend": 7.095333, "fair_value": 6.438308, "relative_strength": -0.453506, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.238221, "energy": 66.354163, "activity_lines": [ 7.630267, 7.5862, 7.462257, 7.322862 ] }, { "date": "2024-05-17", "close": 7.851, "volume": 522599, "typical_volume": 594231.3, "trend": 7.151067, "fair_value": 6.448481, "relative_strength": 0.284255, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.88004, "energy": 79.949415, "activity_lines": [ 7.7218, 7.639727, 7.512724, 7.371615 ] }, { "date": "2024-05-24", "close": 7.821, "volume": 404408, "typical_volume": 596900.05, "trend": 7.2063, "fair_value": 6.458019, "relative_strength": -0.043463, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.467176, "energy": 83.10611, "activity_lines": [ 7.7786, 7.680564, 7.55621, 7.414837 ] }, { "date": "2024-05-31", "close": 7.76, "volume": 536313, "typical_volume": 591968.65, "trend": 7.250267, "fair_value": 6.466994, "relative_strength": 0.212507, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.081853, "energy": 78.836622, "activity_lines": [ 7.7888, 7.704236, 7.589424, 7.450559 ] }, { "date": "2024-06-07", "close": 7.858, "volume": 385271, "typical_volume": 593637.55, "trend": 7.296767, "fair_value": 6.476051, "relative_strength": 1.123961, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.154652, "energy": 70.689133, "activity_lines": [ 7.821, 7.742218, 7.627867, 7.489768 ] }, { "date": "2024-06-14", "close": 7.547, "volume": 841938, "typical_volume": 587343.25, "trend": 7.325633, "fair_value": 6.483609, "relative_strength": 0.098322, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.573919, "energy": 46.28432, "activity_lines": [ 7.729333, 7.719618, 7.631848, 7.505912 ] }, { "date": "2024-06-21", "close": 7.622, "volume": 314545, "typical_volume": 588148.15, "trend": 7.355167, "fair_value": 6.49109, "relative_strength": 0.178588, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.372493, "energy": 30.318062, "activity_lines": [ 7.680867, 7.710545, 7.640886, 7.525032 ] }, { "date": "2024-06-28", "close": 7.607, "volume": 420585, "typical_volume": 578026.15, "trend": 7.381333, "fair_value": 6.498712, "relative_strength": -0.401377, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.738868, "energy": 21.111818, "activity_lines": [ 7.642667, 7.696164, 7.64599, 7.54128 ] }, { "date": "2024-07-05", "close": 7.746, "volume": 628931, "typical_volume": 558698.75, "trend": 7.407467, "fair_value": 6.507282, "relative_strength": 0.106151, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.404294, "energy": 24.779832, "activity_lines": [ 7.665067, 7.703782, 7.662152, 7.564806 ] }, { "date": "2024-07-12", "close": 7.862, "volume": 363488, "typical_volume": 552342.4, "trend": 7.435667, "fair_value": 6.517019, "relative_strength": 0.137905, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.602938, "energy": 32.925019, "activity_lines": [ 7.727067, 7.729836, 7.686786, 7.594131 ] }, { "date": "2024-07-19", "close": 7.579, "volume": 424291, "typical_volume": 555186.95, "trend": 7.455833, "fair_value": 6.524083, "relative_strength": -0.385707, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.494388, "energy": 20.685735, "activity_lines": [ 7.694467, 7.698855, 7.681943, 7.603378 ] }, { "date": "2024-07-26", "close": 7.626, "volume": 445257, "typical_volume": 551091.8, "trend": 7.4772, "fair_value": 6.531487, "relative_strength": -1.079439, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.493058, "energy": 19.599244, "activity_lines": [ 7.6754, 7.6808, 7.680519, 7.614357 ] }, { "date": "2024-08-02", "close": 7.315, "volume": 710143, "typical_volume": 568548.25, "trend": 7.491567, "fair_value": 6.536013, "relative_strength": -1.019623, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.210513, "energy": 13.826377, "activity_lines": [ 7.5524, 7.610291, 7.648652, 7.603892 ] }, { "date": "2024-08-09", "close": 7.341, "volume": 321331, "typical_volume": 548601.15, "trend": 7.506333, "fair_value": 6.540141, "relative_strength": -0.976279, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.354045, "energy": 31.740449, "activity_lines": [ 7.457533, 7.553709, 7.620081, 7.594178 ] }, { "date": "2024-08-16", "close": 7.57, "volume": 2227124, "typical_volume": 611538.65, "trend": 7.530633, "fair_value": 6.546519, "relative_strength": -1.197712, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.210133, "energy": 30.389104, "activity_lines": [ 7.466, 7.546382, 7.614395, 7.598286 ] }, { "date": "2024-08-23", "close": 7.69, "volume": 179742, "typical_volume": 606156.35, "trend": 7.55, "fair_value": 6.553314, "relative_strength": -1.268891, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -5.120945, "energy": 16.066235, "activity_lines": [ 7.533933, 7.566109, 7.620452, 7.608568 ] }, { "date": "2024-08-30", "close": 7.791, "volume": 183672, "typical_volume": 574045.4, "trend": 7.573167, "fair_value": 6.560756, "relative_strength": -1.383113, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 41.874245, "energy": 18.364353, "activity_lines": [ 7.628133, 7.6016, 7.635419, 7.624116 ] }, { "date": "2024-09-06", "close": 7.511, "volume": 538051, "typical_volume": 544865.75, "trend": 7.585233, "fair_value": 6.566712, "relative_strength": -1.750145, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.244066, "energy": 8.862765, "activity_lines": [ 7.618, 7.583109, 7.622238, 7.620105 ] }, { "date": "2024-09-13", "close": 7.672, "volume": 281625, "typical_volume": 525856.95, "trend": 7.6008, "fair_value": 6.574179, "relative_strength": -1.735825, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.660936, "energy": 13.194175, "activity_lines": [ 7.648467, 7.595636, 7.62399, 7.625703 ] }, { "date": "2024-09-20", "close": 7.692, "volume": 570638, "typical_volume": 535083.15, "trend": 7.6128, "fair_value": 6.581583, "relative_strength": -1.547449, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 28.897088, "energy": 18.709541, "activity_lines": [ 7.663533, 7.613145, 7.627305, 7.631587 ] }, { "date": "2024-09-27", "close": 7.976, "volume": 1076519, "typical_volume": 568823.55, "trend": 7.633433, "fair_value": 6.591827, "relative_strength": -1.816144, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 68.353785, "energy": 47.696772, "activity_lines": [ 7.765133, 7.685382, 7.657014, 7.655019 ] }, { "date": "2024-10-04", "close": 7.806, "volume": 1105621, "typical_volume": 597974.65, "trend": 7.6452, "fair_value": 6.600724, "relative_strength": -2.082245, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.383416, "energy": 47.771966, "activity_lines": [ 7.791, 7.719491, 7.66979, 7.666153 ] }, { "date": "2024-10-11", "close": 7.88, "volume": 722478, "typical_volume": 613878.15, "trend": 7.6583, "fair_value": 6.609128, "relative_strength": -2.389141, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.735019, "energy": 55.243133, "activity_lines": [ 7.840533, 7.763782, 7.689829, 7.681301 ] }, { "date": "2024-10-18", "close": 7.888, "volume": 396146, "typical_volume": 606869.8, "trend": 7.669, "fair_value": 6.617436, "relative_strength": -3.627059, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.086798, "energy": 59.690269, "activity_lines": [ 7.868133, 7.799255, 7.710348, 7.69612 ] }, { "date": "2024-10-25", "close": 7.779, "volume": 1556346, "typical_volume": 665423.55, "trend": 7.673767, "fair_value": 6.624635, "relative_strength": -3.923764, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.378853, "energy": 41.912785, "activity_lines": [ 7.845, 7.804964, 7.719876, 7.703217 ] }, { "date": "2024-11-01", "close": 7.675, "volume": 986193, "typical_volume": 672636.3, "trend": 7.678233, "fair_value": 6.630147, "relative_strength": -4.068339, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.985326, "energy": 21.028762, "activity_lines": [ 7.7814, 7.787964, 7.719876, 7.703297 ] }, { "date": "2024-11-08", "close": 7.574, "volume": 669800, "typical_volume": 690399.05, "trend": 7.681367, "fair_value": 6.634897, "relative_strength": -5.003968, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 15.334853, "energy": 11.776026, "activity_lines": [ 7.7042, 7.752873, 7.709648, 7.696572 ] }, { "date": "2024-11-15", "close": 7.558, "volume": 2339495, "typical_volume": 786344.55, "trend": 7.685733, "fair_value": 6.639673, "relative_strength": -5.066066, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.003317, "energy": 17.480368, "activity_lines": [ 7.637133, 7.718818, 7.698124, 7.688613 ] }, { "date": "2024-11-22", "close": 7.564, "volume": 1591217, "typical_volume": 834458.85, "trend": 7.684533, "fair_value": 6.646756, "relative_strength": -5.414059, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.767645, "energy": 27.042594, "activity_lines": [ 7.593533, 7.685, 7.687405, 7.680759 ] }, { "date": "2024-11-29", "close": 7.585, "volume": 1329443, "typical_volume": 882756.6, "trend": 7.685533, "fair_value": 6.654051, "relative_strength": -6.491435, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.44207, "energy": 36.240404, "activity_lines": [ 7.578533, 7.656964, 7.679552, 7.674338 ] }, { "date": "2024-12-06", "close": 7.821, "volume": 252973, "typical_volume": 874190.7, "trend": 7.685567, "fair_value": 6.661782, "relative_strength": -7.03075, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.281294, "energy": 8.759097, "activity_lines": [ 7.655133, 7.673782, 7.695495, 7.683077 ] }, { "date": "2024-12-13", "close": 7.798, "volume": 1189680, "typical_volume": 911411.85, "trend": 7.6838, "fair_value": 6.669827, "relative_strength": -7.242389, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.667131, "energy": 16.154572, "activity_lines": [ 7.714333, 7.689236, 7.708095, 7.690331 ] }, { "date": "2024-12-20", "close": 7.639, "volume": 416119, "typical_volume": 896710.65, "trend": 7.677733, "fair_value": 6.675853, "relative_strength": -6.607027, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.141924, "energy": 7.591131, "activity_lines": [ 7.7056, 7.675927, 7.704733, 7.687441 ] }, { "date": "2024-12-27", "close": 7.695, "volume": 1502459, "typical_volume": 955767.05, "trend": 7.675567, "fair_value": 6.681776, "relative_strength": -6.251205, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.207145, "energy": 19.385609, "activity_lines": [ 7.710133, 7.677182, 7.705162, 7.688555 ] }, { "date": "2025-01-03", "close": 7.668, "volume": 347251, "typical_volume": 861773.4, "trend": 7.669233, "fair_value": 6.687635, "relative_strength": -6.082651, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.14764, "energy": 12.632208, "activity_lines": [ 7.696933, 7.677036, 7.701333, 7.688067 ] }, { "date": "2025-01-10", "close": 7.778, "volume": 702384, "typical_volume": 887905.5, "trend": 7.676933, "fair_value": 6.694513, "relative_strength": -6.066123, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.090684, "energy": 14.487668, "activity_lines": [ 7.714867, 7.698909, 7.707514, 7.695084 ] }, { "date": "2025-01-17", "close": 8.031, "volume": 544842, "typical_volume": 905964.0, "trend": 7.690567, "fair_value": 6.703609, "relative_strength": -6.077703, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.341999, "energy": 51.324914, "activity_lines": [ 7.82, 7.764909, 7.737371, 7.717927 ] }, { "date": "2025-01-24", "close": 8.13, "volume": 698766, "typical_volume": 913999.75, "trend": 7.708, "fair_value": 6.714308, "relative_strength": -6.933111, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.496955, "energy": 70.473127, "activity_lines": [ 7.9426, 7.8406, 7.775514, 7.746277 ] }, { "date": "2025-01-31", "close": 8.206, "volume": 540368, "typical_volume": 926936.9, "trend": 7.723333, "fair_value": 6.725737, "relative_strength": -7.337758, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.85631, "energy": 81.666374, "activity_lines": [ 8.0578, 7.919709, 7.817948, 7.778406 ] }, { "date": "2025-02-07", "close": 8.268, "volume": 713348, "typical_volume": 934072.4, "trend": 7.736867, "fair_value": 6.737096, "relative_strength": -6.684365, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.905272, "energy": 85.878087, "activity_lines": [ 8.1596, 7.998418, 7.863743, 7.813546 ] }, { "date": "2025-02-14", "close": 8.495, "volume": 1315042, "typical_volume": 945998.55, "trend": 7.7674, "fair_value": 6.750692, "relative_strength": -7.02433, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.027642, "energy": 94.286351, "activity_lines": [ 8.297067, 8.105982, 7.928414, 7.862458 ] }, { "date": "2025-02-21", "close": 8.475, "volume": 394424, "typical_volume": 910438.7, "trend": 7.7957, "fair_value": 6.765372, "relative_strength": -6.12239, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.383177, "energy": 91.79132, "activity_lines": [ 8.380067, 8.197655, 7.98871, 7.90811 ] }, { "date": "2025-02-28", "close": 8.48, "volume": 500808, "typical_volume": 899355.2, "trend": 7.834533, "fair_value": 6.784192, "relative_strength": -6.994775, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.718684, "energy": 89.392758, "activity_lines": [ 8.435133, 8.277927, 8.046295, 7.952258 ] }, { "date": "2025-03-07", "close": 8.463, "volume": 1113432, "typical_volume": 935219.5, "trend": 7.871933, "fair_value": 6.801628, "relative_strength": -8.807558, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.219844, "energy": 85.670511, "activity_lines": [ 8.4612, 8.339818, 8.099405, 7.992804 ] }, { "date": "2025-03-14", "close": 8.369, "volume": 6478681, "typical_volume": 1181336.25, "trend": 7.898567, "fair_value": 6.816205, "relative_strength": -9.503542, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.029416, "energy": 61.41623, "activity_lines": [ 8.4388, 8.370655, 8.140824, 8.024873 ] }, { "date": "2025-03-21", "close": 8.424, "volume": 511971, "typical_volume": 1157625.15, "trend": 7.923033, "fair_value": 6.831615, "relative_strength": -8.321454, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.344876, "energy": 56.497585, "activity_lines": [ 8.428, 8.398745, 8.184671, 8.058772 ] }, { "date": "2025-03-28", "close": 8.301, "volume": 840990, "typical_volume": 1166184.65, "trend": 7.940033, "fair_value": 6.845673, "relative_strength": -7.73831, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.358732, "energy": 42.318547, "activity_lines": [ 8.380933, 8.392727, 8.213238, 8.083157 ] }, { "date": "2025-04-04", "close": 7.642, "volume": 1520163, "typical_volume": 1125218.05, "trend": 7.9444, "fair_value": 6.856058, "relative_strength": -7.375893, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 3.524916, "energy": 15.788227, "activity_lines": [ 8.1258, 8.261982, 8.175581, 8.063929 ] }, { "date": "2025-04-11", "close": 7.561, "volume": 3860877, "typical_volume": 1238701.05, "trend": 7.9407, "fair_value": 6.865962, "relative_strength": -6.947671, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.13143, "energy": 36.693156, "activity_lines": [ 7.899533, 8.125382, 8.12981, 8.039194 ] }, { "date": "2025-04-18", "close": 7.821, "volume": 828474, "typical_volume": 1213652.6, "trend": 7.945, "fair_value": 6.877596, "relative_strength": -7.300105, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.12473, "energy": 36.301483, "activity_lines": [ 7.820067, 8.047782, 8.108814, 8.031471 ] }, { "date": "2025-04-25", "close": 8.16, "volume": 769970, "typical_volume": 1239502.45, "trend": 7.951133, "fair_value": 6.891481, "relative_strength": -7.558881, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.602771, "energy": 30.332417, "activity_lines": [ 7.890133, 8.039945, 8.118981, 8.045342 ] }, { "date": "2025-05-02", "close": 8.373, "volume": 1444453, "typical_volume": 1252241.1, "trend": 7.970033, "fair_value": 6.908436, "relative_strength": -8.361247, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.060981, "energy": 19.573954, "activity_lines": [ 8.0488, 8.076927, 8.147819, 8.072559 ] }, { "date": "2025-05-09", "close": 8.468, "volume": 791680, "typical_volume": 1271019.15, "trend": 7.989633, "fair_value": 6.92541, "relative_strength": -8.699675, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.995917, "energy": 33.450981, "activity_lines": [ 8.234333, 8.133036, 8.182967, 8.104686 ] }, { "date": "2025-05-16", "close": 8.66, "volume": 713206, "typical_volume": 1231556.5, "trend": 8.015367, "fair_value": 6.943846, "relative_strength": -7.433077, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 64.918706, "energy": 50.860332, "activity_lines": [ 8.4288, 8.224273, 8.232452, 8.147935 ] }, { "date": "2025-05-23", "close": 8.573, "volume": 621348, "typical_volume": 1245261.35, "trend": 8.041833, "fair_value": 6.960231, "relative_strength": -7.577487, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 65.758211, "energy": 66.043362, "activity_lines": [ 8.521, 8.296109, 8.269057, 8.183912 ] }, { "date": "2025-05-30", "close": 8.639, "volume": 811545, "typical_volume": 1250719.4, "trend": 8.073967, "fair_value": 6.977378, "relative_strength": -8.025647, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.15921, "energy": 73.749607, "activity_lines": [ 8.585067, 8.376236, 8.307638, 8.222439 ] }, { "date": "2025-06-06", "close": 8.733, "volume": 392221, "typical_volume": 1243088.35, "trend": 8.1126, "fair_value": 6.996859, "relative_strength": -7.909058, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.445348, "energy": 75.2446, "activity_lines": [ 8.648533, 8.469545, 8.351071, 8.264957 ] }, { "date": "2025-06-13", "close": 8.544, "volume": 1779004, "typical_volume": 1297100.25, "trend": 8.145467, "fair_value": 7.016667, "relative_strength": -6.624844, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.598576, "energy": 55.011791, "activity_lines": [ 8.625, 8.520636, 8.373162, 8.292789 ] }, { "date": "2025-06-20", "close": 8.458, "volume": 487461, "typical_volume": 1294454.9, "trend": 8.175267, "fair_value": 7.035141, "relative_strength": -6.64395, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.244088, "energy": 39.994284, "activity_lines": [ 8.567733, 8.539691, 8.38509, 8.312953 ] }, { "date": "2025-06-27", "close": 8.606, "volume": 422184, "typical_volume": 1279896.7, "trend": 8.2093, "fair_value": 7.055288, "relative_strength": -7.437603, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.445956, "energy": 37.175747, "activity_lines": [ 8.573267, 8.569345, 8.409914, 8.340742 ] }, { "date": "2025-07-04", "close": 8.564, "volume": 782689, "typical_volume": 1253279.05, "trend": 8.234067, "fair_value": 7.074513, "relative_strength": -6.662804, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.840639, "energy": 28.770653, "activity_lines": [ 8.5626, 8.577091, 8.429129, 8.363626 ] }, { "date": "2025-07-11", "close": 8.676, "volume": 523529, "typical_volume": 1259734.3, "trend": 8.263333, "fair_value": 7.094808, "relative_strength": -6.980146, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.804383, "energy": 34.820897, "activity_lines": [ 8.594267, 8.597855, 8.458681, 8.392138 ] }, { "date": "2025-07-18", "close": 8.668, "volume": 542755, "typical_volume": 1261831.65, "trend": 8.297633, "fair_value": 7.113686, "relative_strength": -6.916482, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.005711, "energy": 47.490003, "activity_lines": [ 8.627067, 8.611655, 8.486514, 8.418245 ] }, { "date": "2025-07-25", "close": 8.692, "volume": 461146, "typical_volume": 1229217.35, "trend": 8.330867, "fair_value": 7.131667, "relative_strength": -6.121512, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.65544, "energy": 56.855223, "activity_lines": [ 8.6596, 8.626182, 8.515738, 8.443688 ] }, { "date": "2025-08-01", "close": 8.45, "volume": 879325, "typical_volume": 949249.55, "trend": 8.356933, "fair_value": 7.148045, "relative_strength": -5.397088, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.439983, "energy": 30.025361, "activity_lines": [ 8.595867, 8.596127, 8.520824, 8.451374 ] }, { "date": "2025-08-08", "close": 8.749, "volume": 561535, "typical_volume": 951727.75, "trend": 8.3893, "fair_value": 7.165763, "relative_strength": -4.786451, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.363941, "energy": 38.096366, "activity_lines": [ 8.6422, 8.622673, 8.554, 8.476669 ] }, { "date": "2025-08-15", "close": 8.901, "volume": 460849, "typical_volume": 932720.7, "trend": 8.4183, "fair_value": 7.184968, "relative_strength": -3.680856, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.671553, "energy": 48.758929, "activity_lines": [ 8.726867, 8.674855, 8.600105, 8.509682 ] }, { "date": "2025-08-22", "close": 8.971, "volume": 315037, "typical_volume": 872464.4, "trend": 8.446333, "fair_value": 7.205929, "relative_strength": -2.7191, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.107711, "energy": 65.471591, "activity_lines": [ 8.819867, 8.736709, 8.650019, 8.54534 ] }, { "date": "2025-08-29", "close": 8.708, "volume": 283507, "typical_volume": 693595.9, "trend": 8.463067, "fair_value": 7.225756, "relative_strength": -3.516203, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.200895, "energy": 63.911896, "activity_lines": [ 8.805, 8.742982, 8.668557, 8.562222 ] }, { "date": "2025-09-05", "close": 8.657, "volume": 1317615, "typical_volume": 718052.95, "trend": 8.476033, "fair_value": 7.244891, "relative_strength": -2.624699, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.087572, "energy": 49.695704, "activity_lines": [ 8.772067, 8.735436, 8.676776, 8.574733 ] }, { "date": "2025-09-12", "close": 8.768, "volume": 1032393, "typical_volume": 731174.1, "trend": 8.485133, "fair_value": 7.265609, "relative_strength": -1.594798, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.6228, "energy": 37.118294, "activity_lines": [ 8.762333, 8.747145, 8.691586, 8.59357 ] }, { "date": "2025-09-19", "close": 8.816, "volume": 489832, "typical_volume": 683443.05, "trend": 8.4965, "fair_value": 7.288282, "relative_strength": -0.61726, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.580014, "energy": 30.992182, "activity_lines": [ 8.767333, 8.763873, 8.708071, 8.614916 ] }, { "date": "2025-09-26", "close": 8.868, "volume": 714331, "typical_volume": 679575.6, "trend": 8.509433, "fair_value": 7.31166, "relative_strength": -0.268307, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.461128, "energy": 35.886214, "activity_lines": [ 8.795333, 8.787509, 8.7274, 8.638884 ] }, { "date": "2025-10-03", "close": 9.105, "volume": 841503, "typical_volume": 685990.45, "trend": 8.530833, "fair_value": 7.336179, "relative_strength": -0.110006, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.971945, "energy": 60.886144, "activity_lines": [ 8.9092, 8.8506, 8.767395, 8.677308 ] }, { "date": "2025-10-10", "close": 8.961, "volume": 393275, "typical_volume": 674586.8, "trend": 8.550567, "fair_value": 7.359885, "relative_strength": -0.94393, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.529193, "energy": 64.055427, "activity_lines": [ 8.9486, 8.88, 8.791557, 8.70506 ] }, { "date": "2025-10-17", "close": 9.077, "volume": 647427, "typical_volume": 666380.9, "trend": 8.572333, "fair_value": 7.383603, "relative_strength": 2.173927, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.010641, "energy": 72.984604, "activity_lines": [ 9.0064, 8.9212, 8.824919, 8.739024 ] }, { "date": "2025-10-24", "close": 9.18, "volume": 383387, "typical_volume": 665939.2, "trend": 8.601633, "fair_value": 7.406692, "relative_strength": 1.700148, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.92266, "energy": 79.22843, "activity_lines": [ 9.077933, 8.975164, 8.866005, 8.778228 ] }, { "date": "2025-10-31", "close": 9.17, "volume": 287869, "typical_volume": 591382.45, "trend": 8.652567, "fair_value": 7.429173, "relative_strength": 2.867577, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.875073, "energy": 77.49135, "activity_lines": [ 9.121867, 9.022236, 8.90401, 8.814897 ] }, { "date": "2025-11-07", "close": 9.003, "volume": 547707, "typical_volume": 594394.75, "trend": 8.700633, "fair_value": 7.448429, "relative_strength": 2.722914, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.072351, "energy": 63.327573, "activity_lines": [ 9.09, 9.035327, 8.923129, 8.837505 ] }, { "date": "2025-11-14", "close": 9.162, "volume": 1500463, "typical_volume": 648308.7, "trend": 8.745333, "fair_value": 7.468385, "relative_strength": 3.246557, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.817303, "energy": 54.301237, "activity_lines": [ 9.117933, 9.071964, 8.954795, 8.867271 ] }, { "date": "2025-11-21", "close": 8.914, "volume": 1222863, "typical_volume": 670317.4, "trend": 8.770467, "fair_value": 7.486353, "relative_strength": 3.894507, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.436704, "energy": 33.056114, "activity_lines": [ 9.0498, 9.054327, 8.960195, 8.878153 ] }, { "date": "2025-11-28", "close": 9.168, "volume": 879102, "typical_volume": 688096.05, "trend": 8.796967, "fair_value": 7.505769, "relative_strength": 3.525549, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.811212, "energy": 34.360108, "activity_lines": [ 9.0772, 9.080218, 8.988119, 8.9038 ] }, { "date": "2025-12-05", "close": 9.22, "volume": 1255675, "typical_volume": 723742.05, "trend": 8.822033, "fair_value": 7.525897, "relative_strength": 3.283379, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.160013, "energy": 43.200865, "activity_lines": [ 9.122733, 9.109164, 9.018652, 8.931092 ] }, { "date": "2025-12-12", "close": 9.21, "volume": 1167964, "typical_volume": 759082.95, "trend": 8.840367, "fair_value": 7.547244, "relative_strength": 2.50307, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.374264, "energy": 41.111063, "activity_lines": [ 9.1616, 9.129891, 9.045605, 8.956123 ] }, { "date": "2025-12-19", "close": 9.317, "volume": 490107, "typical_volume": 739622.05, "trend": 8.865167, "fair_value": 7.569038, "relative_strength": 3.261868, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.903722, "energy": 64.670403, "activity_lines": [ 9.222333, 9.168164, 9.080281, 8.986873 ] }, { "date": "2025-12-26", "close": 9.305, "volume": 221748, "typical_volume": 722632.7, "trend": 8.887367, "fair_value": 7.59084, "relative_strength": 2.924694, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.081747, "energy": 67.301882, "activity_lines": [ 9.268733, 9.197782, 9.109686, 9.015249 ] }, { "date": "2026-01-02", "close": 9.451, "volume": 221624, "typical_volume": 710671.45, "trend": 8.9113, "fair_value": 7.611429, "relative_strength": 3.691074, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.197498, "energy": 77.383975, "activity_lines": [ 9.337733, 9.2498, 9.150348, 9.051613 ] }, { "date": "2026-01-09", "close": 9.647, "volume": 1872095, "typical_volume": 788524.35, "trend": 8.948067, "fair_value": 7.632038, "relative_strength": 2.83053, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.072368, "energy": 88.365081, "activity_lines": [ 9.4532, 9.332527, 9.207057, 9.099077 ] }, { "date": "2026-01-16", "close": 9.683, "volume": 1054412, "typical_volume": 827069.6, "trend": 8.9889, "fair_value": 7.653295, "relative_strength": 3.077071, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.453538, "energy": 92.050193, "activity_lines": [ 9.5522, 9.413127, 9.263976, 9.146492 ] }, { "date": "2026-01-23", "close": 9.562, "volume": 874787, "typical_volume": 804928.2, "trend": 9.020767, "fair_value": 7.673071, "relative_strength": 3.388028, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.827607, "energy": 82.60896, "activity_lines": [ 9.579333, 9.459364, 9.304729, 9.183467 ] }, { "date": "2026-01-30", "close": 9.609, "volume": 398760, "typical_volume": 773246.55, "trend": 9.0556, "fair_value": 7.692282, "relative_strength": 5.352197, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.862425, "energy": 76.612296, "activity_lines": [ 9.6058, 9.506873, 9.345648, 9.221417 ] }, { "date": "2026-02-06", "close": 9.724, "volume": 580359, "typical_volume": 777772.9, "trend": 9.090533, "fair_value": 7.712853, "relative_strength": 5.749575, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.697867, "energy": 65.856818, "activity_lines": [ 9.650333, 9.562655, 9.393514, 9.26454 ] }, { "date": "2026-02-13", "close": 9.694, "volume": 989299, "typical_volume": 791521.3, "trend": 9.124733, "fair_value": 7.732519, "relative_strength": 4.541365, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.708965, "energy": 60.328141, "activity_lines": [ 9.666667, 9.602873, 9.4342, 9.303473 ] }, { "date": "2026-02-20", "close": 9.945, "volume": 590316, "typical_volume": 778961.95, "trend": 9.1665, "fair_value": 7.754782, "relative_strength": 5.706602, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.491101, "energy": 77.976955, "activity_lines": [ 9.763533, 9.680109, 9.494857, 9.356394 ] }, { "date": "2026-02-27", "close": 9.971, "volume": 391163, "typical_volume": 778856.35, "trend": 9.2172, "fair_value": 7.776288, "relative_strength": 5.784059, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.415171, "energy": 88.591234, "activity_lines": [ 9.8516, 9.748709, 9.55399, 9.408297 ] }, { "date": "2026-03-06", "close": 9.3, "volume": 1510977, "typical_volume": 822033.85, "trend": 9.235567, "fair_value": 7.794269, "relative_strength": 5.603102, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.95165, "energy": 41.662097, "activity_lines": [ 9.688733, 9.683418, 9.54441, 9.413639 ] }, { "date": "2026-03-13", "close": 9.297, "volume": 1353494, "typical_volume": 870539.2, "trend": 9.248767, "fair_value": 7.813949, "relative_strength": 6.039068, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.003735, "energy": 19.967045, "activity_lines": [ 9.545467, 9.617673, 9.533481, 9.417602 ] }, { "date": "2026-03-20", "close": 8.936, "volume": 1509571, "typical_volume": 931624.3, "trend": 9.2476, "fair_value": 7.830904, "relative_strength": 6.60973, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.758686, "energy": 22.699109, "activity_lines": [ 9.310333, 9.489091, 9.487614, 9.397424 ] }, { "date": "2026-03-27", "close": 8.947, "volume": 4230330, "typical_volume": 1115755.45, "trend": 9.255567, "fair_value": 7.846179, "relative_strength": 6.947491, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -34.14478, "energy": 41.844088, "activity_lines": [ 9.1294, 9.375436, 9.44391, 9.37803 ] }, { "date": "2026-04-03", "close": 9.318, "volume": 1159305, "typical_volume": 1098697.55, "trend": 9.2776, "fair_value": 7.863878, "relative_strength": 7.037044, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.040961, "energy": 33.90899, "activity_lines": [ 9.138667, 9.342618, 9.435805, 9.382058 ] }, { "date": "2026-04-10", "close": 9.689, "volume": 1494359, "typical_volume": 1112272.35, "trend": 9.3083, "fair_value": 7.883276, "relative_strength": 8.126866, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.746498, "energy": 21.20013, "activity_lines": [ 9.315133, 9.381691, 9.46229, 9.4086 ] }, { "date": "2026-04-17", "close": 9.942, "volume": 1724310, "typical_volume": 1154532.75, "trend": 9.345833, "fair_value": 7.904115, "relative_strength": 6.73207, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.63475, "energy": 25.920522, "activity_lines": [ 9.55, 9.465309, 9.509181, 9.449484 ] }, { "date": "2026-04-24", "close": 9.66, "volume": 655799, "typical_volume": 1124538.95, "trend": 9.372233, "fair_value": 7.923333, "relative_strength": 5.98752, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.51745, "energy": 32.460676, "activity_lines": [ 9.647867, 9.493691, 9.525529, 9.469753 ] }, { "date": "2026-05-01", "close": 9.684, "volume": 869503, "typical_volume": 1109615.9, "trend": 9.391533, "fair_value": 7.942718, "relative_strength": 5.343263, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 42.08621, "energy": 35.99878, "activity_lines": [ 9.705467, 9.527055, 9.542067, 9.489867 ] }, { "date": "2026-05-08", "close": 9.791, "volume": 980113, "typical_volume": 1134116.2, "trend": 9.4192, "fair_value": 7.962808, "relative_strength": 6.078784, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.172817, "energy": 46.282693, "activity_lines": [ 9.7496, 9.584618, 9.566538, 9.515639 ] }, { "date": "2026-05-15", "close": 9.706, "volume": 974202, "typical_volume": 1171738.9, "trend": 9.440167, "fair_value": 7.981744, "relative_strength": 6.640586, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.149935, "energy": 40.838167, "activity_lines": [ 9.733867, 9.63, 9.580657, 9.534142 ] }, { "date": "2026-05-22", "close": 10.052, "volume": 755599, "typical_volume": 1198437.65, "trend": 9.469233, "fair_value": 8.003391, "relative_strength": 6.059375, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.042026, "energy": 45.943696, "activity_lines": [ 9.832333, 9.730909, 9.625819, 9.573615 ] }, { "date": "2026-05-29", "close": 10.12, "volume": 726533, "typical_volume": 1141159.55, "trend": 9.5009, "fair_value": 8.025372, "relative_strength": 5.627565, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.569654, "energy": 52.897225, "activity_lines": [ 9.946133, 9.830455, 9.674595, 9.6156 ] }, { "date": "2026-06-05", "close": 10.134, "volume": 114769, "typical_volume": 1094177.4, "trend": 9.5386, "fair_value": 8.047692, "relative_strength": 6.980866, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.34517, "energy": 63.452602, "activity_lines": [ 10.033933, 9.911018, 9.722452, 9.656445 ] }, { "date": "2026-06-12", "close": 10.368, "volume": 246350, "typical_volume": 1062755.55, "trend": 9.5788, "fair_value": 8.070628, "relative_strength": 9.683718, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.062395, "energy": 77.225068, "activity_lines": [ 10.169733, 10.012545, 9.790448, 9.709955 ] }, { "date": "2026-06-19", "close": 10.52, "volume": 69710, "typical_volume": 1046303.05, "trend": 9.632333, "fair_value": 8.095827, "relative_strength": 9.407916, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.907292, "energy": 83.865309, "activity_lines": [ 10.317733, 10.122618, 9.869081, 9.770677 ] }, { "date": "2026-06-26", "close": 10.37, "volume": 200425, "typical_volume": 1027306.35, "trend": 9.6724, "fair_value": 8.118859, "relative_strength": 8.884503, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.043961, "energy": 80.583041, "activity_lines": [ 10.361467, 10.190309, 9.92909, 9.818269 ] }, { "date": "2026-07-03", "close": 10.598, "volume": 101089, "typical_volume": 982895.85, "trend": 9.718333, "fair_value": 8.14475, "relative_strength": 6.225012, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.235848, "energy": 87.292932, "activity_lines": [ 10.46, 10.291673, 10.007738, 9.877985 ] }, { "date": "2026-07-10", "close": 10.39, "volume": 1020679, "typical_volume": 1004414.0, "trend": 9.757667, "fair_value": 8.167821, "relative_strength": 6.797707, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.102629, "energy": 78.641855, "activity_lines": [ 10.457333, 10.338164, 10.062271, 9.921318 ] }, { "date": "2026-07-17", "close": 10.288, "volume": 910000, "typical_volume": 1030355.85, "trend": 9.790033, "fair_value": 8.190071, "relative_strength": 6.451712, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.78073, "energy": 54.463341, "activity_lines": [ 10.4036, 10.353273, 10.104971, 9.955533 ] }, { "date": "2026-07-24", "close": 10.37, "volume": 791235, "typical_volume": 994368.75, "trend": 9.825533, "fair_value": 8.212244, "relative_strength": 5.870593, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.310711, "energy": 50.35146, "activity_lines": [ 10.382533, 10.374255, 10.153971, 9.992951 ] }, { "date": "2026-07-31", "close": 10.454, "volume": 1532518, "typical_volume": 1003319.95, "trend": 9.858967, "fair_value": 8.236218, "relative_strength": 4.277639, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.874927, "energy": 45.70206, "activity_lines": [ 10.399467, 10.398436, 10.205876, 10.033497 ] }, { "date": "2026-08-07", "close": 10.712, "volume": 823721, "typical_volume": 969027.45, "trend": 9.894467, "fair_value": 8.262019, "relative_strength": 3.819817, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.37448, "energy": 57.020122, "activity_lines": [ 10.4968, 10.462218, 10.276843, 10.088531 ] } ], "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." } } }