{ "ticker": { "uuid": "14b53154-1daf-4f6a-a6aa-9f77382646f2", "symbol": "HKDU", "name": "UBS MSCI Hong Kong UCITS ETF (HKD) A-dis", "exchange": "EBS", "country": "CH", "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": "^SSMI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 52.591, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -11.528, "architecture_energy": 30.246, "architecture_maturity": 63.267, "architecture_confidence": 43.523, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 49.95, "rotation_up": 51.02, "upward_expansion": 35.44, "deceleration": 38.45, "rotation_down": 17.47, "downward_expansion": 46.77 }, "activity_lines": [ 18.323467, 17.935237, 18.073467, 18.201303 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 18.402, "trend_reference": 18.340761, "distance_from_trend": 0.003339, "trend_direction": "Improving", "fair_value": 15.161088, "distance_from_fair_value": 0.213765, "fair_value_direction": "Weakening", "relative_strength": -17.02163, "relative_strength_direction": "Weakening", "price_momentum": -0.020472, "excess_performance": -0.103355, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.003339, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.006651, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.213765, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.102696, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.170216, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.151095, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.020472, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.136939, "read": "Demand-led" } ], "volume": { "latest": 229853, "relative_activity": 0.91323, "balance": 1.136939, "dry_up": 0.573964, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.025934, "annualized_volatility": 0.174863, "from_high_reference": -0.85716, "from_low_reference": 0.140124 }, "levels": { "trend_reference": 18.340761, "fair_value_reference": 15.161088, "structural_low": 16.896, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 33, "median_return": -0.025626, "positive_rate": 0.393939, "directional_follow_through": 0.606061, "median_excess_return": -0.012684, "regime_survival": 0.818182, "best_return": 0.23913, "worst_return": -0.101853, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.043751, "positive_rate": 0.272727, "directional_follow_through": 0.727273, "median_excess_return": -0.014184, "regime_survival": 0.545455, "best_return": 0.179157, "worst_return": -0.101987, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.044674, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.017278, "regime_survival": 0.333333, "best_return": 0.036221, "worst_return": -0.166086, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.07581, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.078947, "regime_survival": 0.75, "best_return": 0.366397, "worst_return": -0.194488, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-15", "end": "2025-01-10", "tenure": "Developing", "return": -0.048168, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-01-31", "tenure": "New", "return": 0.020871, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-07", "end": "2025-02-14", "tenure": "New", "return": 0.038285, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-03-07", "tenure": "New", "return": 0.053706, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.064615, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-11", "end": "2025-04-25", "tenure": "New", "return": 0.092897, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-05-09", "tenure": "New", "return": 0.038131, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-11-14", "tenure": "Extended", "return": 0.240909, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-21", "end": "2026-02-20", "tenure": "Established", "return": 0.124477, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-27", "end": "2026-04-24", "tenure": "Developing", "return": -0.039884, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-01", "end": "2026-05-08", "tenure": "New", "return": 0.033669, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-06-12", "tenure": "Developing", "return": -0.091701, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-19", "end": "2026-07-10", "tenure": "New", "return": 0.011747, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.02954, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 12.58205, "volume": 25050, "typical_volume": 14733.8, "trend": 14.397357, "fair_value": 15.680079, "relative_strength": -9.61948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.344249, "energy": 77.071485, "activity_lines": [ 13.387145, 13.670485, 13.90813, 14.094428 ] }, { "date": "2023-08-25", "close": 12.725928, "volume": 26607, "typical_volume": 13059.0, "trend": 14.287287, "fair_value": 15.663901, "relative_strength": -9.341158, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.088352, "energy": 87.424542, "activity_lines": [ 13.08215, 13.463022, 13.775883, 13.986594 ] }, { "date": "2023-09-01", "close": 13.238491, "volume": 10095, "typical_volume": 13072.5, "trend": 14.206619, "fair_value": 15.653613, "relative_strength": -6.55031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.76827, "energy": 80.706184, "activity_lines": [ 13.031947, 13.384099, 13.701835, 13.918929 ] }, { "date": "2023-09-08", "close": 12.799665, "volume": 912, "typical_volume": 12399.85, "trend": 14.119856, "fair_value": 15.639509, "relative_strength": -8.431112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.180786, "energy": 83.791494, "activity_lines": [ 12.915246, 13.238288, 13.593147, 13.828158 ] }, { "date": "2023-09-15", "close": 12.655788, "volume": 15568, "typical_volume": 12215.5, "trend": 14.045304, "fair_value": 15.624525, "relative_strength": -11.247075, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.82802, "energy": 83.201222, "activity_lines": [ 12.815132, 13.088768, 13.479638, 13.733702 ] }, { "date": "2023-09-22", "close": 12.520905, "volume": 1164, "typical_volume": 12098.7, "trend": 13.976435, "fair_value": 15.612892, "relative_strength": -10.474787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.50962, "energy": 79.546158, "activity_lines": [ 12.721972, 12.933466, 13.362865, 13.635354 ] }, { "date": "2023-09-29", "close": 12.261925, "volume": 0, "typical_volume": 11979.2, "trend": 13.8874, "fair_value": 15.597902, "relative_strength": -11.756447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.097084, "energy": 87.570986, "activity_lines": [ 12.546562, 12.760265, 13.230744, 13.52474 ] }, { "date": "2023-10-06", "close": 12.416593, "volume": 16950, "typical_volume": 11894.25, "trend": 13.817467, "fair_value": 15.582057, "relative_strength": -9.416379, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.411186, "energy": 83.846896, "activity_lines": [ 12.453641, 12.646513, 13.122249, 13.429849 ] }, { "date": "2023-10-13", "close": 12.368034, "volume": 295866, "typical_volume": 26130.55, "trend": 13.753094, "fair_value": 15.568004, "relative_strength": -10.193438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.222302, "energy": 78.720785, "activity_lines": [ 12.399328, 12.560633, 13.017757, 13.336338 ] }, { "date": "2023-10-20", "close": 12.091071, "volume": 4230, "typical_volume": 26242.8, "trend": 13.672663, "fair_value": 15.550691, "relative_strength": -7.524238, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.635749, "energy": 72.21388, "activity_lines": [ 12.281468, 12.449848, 12.894015, 13.22911 ] }, { "date": "2023-10-27", "close": 12.154017, "volume": 0, "typical_volume": 24894.8, "trend": 13.584092, "fair_value": 15.536973, "relative_strength": -6.984729, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.909016, "energy": 66.063043, "activity_lines": [ 12.222239, 12.374934, 12.784868, 13.131133 ] }, { "date": "2023-11-03", "close": 12.306887, "volume": 200, "typical_volume": 24463.2, "trend": 13.50444, "fair_value": 15.518195, "relative_strength": -8.147332, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.050098, "energy": 63.455357, "activity_lines": [ 12.238425, 12.335597, 12.700275, 13.048733 ] }, { "date": "2023-11-10", "close": 12.243941, "volume": 2600, "typical_volume": 23879.2, "trend": 13.42122, "fair_value": 15.495502, "relative_strength": -8.352618, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.588515, "energy": 58.147851, "activity_lines": [ 12.230632, 12.292434, 12.620941, 12.96741 ] }, { "date": "2023-11-17", "close": 12.715137, "volume": 57483, "typical_volume": 26620.85, "trend": 13.356237, "fair_value": 15.472884, "relative_strength": -6.374058, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.883259, "energy": 42.553144, "activity_lines": [ 12.391414, 12.353025, 12.594596, 12.921857 ] }, { "date": "2023-11-24", "close": 12.702549, "volume": 2888, "typical_volume": 26765.25, "trend": 13.290716, "fair_value": 15.450121, "relative_strength": -7.629912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.232628, "energy": 28.692746, "activity_lines": [ 12.52486, 12.412865, 12.573335, 12.879683 ] }, { "date": "2023-12-01", "close": 12.247537, "volume": 10830, "typical_volume": 24589.1, "trend": 13.216383, "fair_value": 15.424772, "relative_strength": -10.832411, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.095455, "energy": 30.984303, "activity_lines": [ 12.465871, 12.389125, 12.513426, 12.812381 ] }, { "date": "2023-12-08", "close": 11.886047, "volume": 6220, "typical_volume": 24358.4, "trend": 13.141593, "fair_value": 15.397832, "relative_strength": -14.5291, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.4951, "energy": 44.692561, "activity_lines": [ 12.28015, 12.30463, 12.428035, 12.726553 ] }, { "date": "2023-12-15", "close": 12.596439, "volume": 28900, "typical_volume": 25740.9, "trend": 13.087188, "fair_value": 15.374795, "relative_strength": -10.024596, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.163297, "energy": 29.387251, "activity_lines": [ 12.359282, 12.356132, 12.420296, 12.691382 ] }, { "date": "2023-12-22", "close": 12.377028, "volume": 2954, "typical_volume": 25500.85, "trend": 13.03759, "fair_value": 15.351141, "relative_strength": -10.916052, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.881565, "energy": 35.462405, "activity_lines": [ 12.341777, 12.36447, 12.400415, 12.645565 ] }, { "date": "2023-12-29", "close": 12.742114, "volume": 495, "typical_volume": 25450.6, "trend": 12.999104, "fair_value": 15.324982, "relative_strength": -7.7848, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.651336, "energy": 14.682823, "activity_lines": [ 12.468509, 12.439025, 12.421928, 12.626502 ] }, { "date": "2024-01-05", "close": 12.267322, "volume": 364, "typical_volume": 24216.3, "trend": 12.932904, "fair_value": 15.293459, "relative_strength": -11.185376, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.078053, "energy": 15.804814, "activity_lines": [ 12.434338, 12.415416, 12.40152, 12.579291 ] }, { "date": "2024-01-12", "close": 12.123445, "volume": 4823, "typical_volume": 23127.1, "trend": 12.848021, "fair_value": 15.259225, "relative_strength": -12.116869, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.798571, "energy": 27.503629, "activity_lines": [ 12.35089, 12.363588, 12.368908, 12.527067 ] }, { "date": "2024-01-19", "close": 11.44902, "volume": 1795, "typical_volume": 22712.1, "trend": 12.764724, "fair_value": 15.219495, "relative_strength": -15.966987, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -77.111362, "energy": 55.691382, "activity_lines": [ 12.026807, 12.192472, 12.274934, 12.436809 ] }, { "date": "2024-01-26", "close": 11.999348, "volume": 66937, "typical_volume": 26013.35, "trend": 12.696888, "fair_value": 15.187668, "relative_strength": -13.28795, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.777274, "energy": 55.902109, "activity_lines": [ 11.962661, 12.135869, 12.241894, 12.38743 ] }, { "date": "2024-02-02", "close": 11.502735, "volume": 1407, "typical_volume": 25305.3, "trend": 12.624091, "fair_value": 15.148999, "relative_strength": -15.28628, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.163067, "energy": 70.023328, "activity_lines": [ 11.758156, 12.001988, 12.165368, 12.310388 ] }, { "date": "2024-02-09", "close": 11.785379, "volume": 3783, "typical_volume": 25436.25, "trend": 12.546063, "fair_value": 15.10695, "relative_strength": -11.593653, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.221145, "energy": 66.087788, "activity_lines": [ 11.730491, 11.94131, 12.121251, 12.256278 ] }, { "date": "2024-02-16", "close": 12.013318, "volume": 2, "typical_volume": 25436.35, "trend": 12.480341, "fair_value": 15.067115, "relative_strength": -11.258455, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.29699, "energy": 39.579014, "activity_lines": [ 11.810935, 11.93048, 12.102345, 12.221907 ] }, { "date": "2024-02-23", "close": 12.153729, "volume": 6684, "typical_volume": 24923.05, "trend": 12.404294, "fair_value": 15.030548, "relative_strength": -11.322416, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.636218, "energy": 27.162645, "activity_lines": [ 11.945525, 11.942864, 12.097996, 12.200835 ] }, { "date": "2024-03-01", "close": 11.99326, "volume": 3255, "typical_volume": 10292.5, "trend": 12.345141, "fair_value": 14.993759, "relative_strength": -12.058754, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.221465, "energy": 18.173474, "activity_lines": [ 11.979644, 11.934121, 12.079616, 12.174317 ] }, { "date": "2024-03-08", "close": 11.761673, "volume": 750, "typical_volume": 10118.5, "trend": 12.289379, "fair_value": 14.954894, "relative_strength": -14.421987, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.700803, "energy": 21.033642, "activity_lines": [ 11.936974, 11.89025, 12.040964, 12.136674 ] }, { "date": "2024-03-15", "close": 11.991437, "volume": 3324, "typical_volume": 10284.7, "trend": 12.269692, "fair_value": 14.915807, "relative_strength": -12.510223, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.661736, "energy": 17.736712, "activity_lines": [ 11.953629, 11.90598, 12.025763, 12.117452 ] }, { "date": "2024-03-22", "close": 11.623086, "volume": 1106, "typical_volume": 10330.0, "trend": 12.232931, "fair_value": 14.876457, "relative_strength": -14.508863, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.570177, "energy": 35.00324, "activity_lines": [ 11.833763, 11.859753, 11.976255, 12.075735 ] }, { "date": "2024-03-29", "close": 11.380558, "volume": 11901, "typical_volume": 10795.05, "trend": 12.171, "fair_value": 14.834154, "relative_strength": -16.351439, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.970394, "energy": 57.449736, "activity_lines": [ 11.65907, 11.778527, 11.906906, 12.020743 ] }, { "date": "2024-04-05", "close": 11.314912, "volume": 1636, "typical_volume": 8002.7, "trend": 12.121508, "fair_value": 14.79038, "relative_strength": -14.677515, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.647942, "energy": 66.956764, "activity_lines": [ 11.51404, 11.686611, 11.835416, 11.965512 ] }, { "date": "2024-04-12", "close": 11.154443, "volume": 12260, "typical_volume": 8471.3, "trend": 12.071463, "fair_value": 14.74434, "relative_strength": -14.573843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.089628, "energy": 76.430247, "activity_lines": [ 11.360743, 11.577962, 11.75531, 11.903121 ] }, { "date": "2024-04-19", "close": 10.652975, "volume": 200, "typical_volume": 7939.8, "trend": 12.009199, "fair_value": 14.69479, "relative_strength": -17.347409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.592603, "energy": 89.291185, "activity_lines": [ 11.080772, 11.384471, 11.634818, 11.811605 ] }, { "date": "2024-04-26", "close": 11.610322, "volume": 11037, "typical_volume": 8180.65, "trend": 11.987479, "fair_value": 14.651403, "relative_strength": -9.906835, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.013049, "energy": 71.290667, "activity_lines": [ 11.209148, 11.385631, 11.613095, 11.785871 ] }, { "date": "2024-05-03", "close": 12.29414, "volume": 6049, "typical_volume": 7038.1, "trend": 11.983397, "fair_value": 14.610974, "relative_strength": -3.731908, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.022999, "energy": 21.170977, "activity_lines": [ 11.566314, 11.518449, 11.657811, 11.805656 ] }, { "date": "2024-05-10", "close": 12.739079, "volume": 3377, "typical_volume": 7059.25, "trend": 11.995765, "fair_value": 14.575819, "relative_strength": -4.103336, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.124277, "energy": 26.998178, "activity_lines": [ 12.010888, 11.729613, 11.746341, 11.85441 ] }, { "date": "2024-05-17", "close": 13.200426, "volume": 25750, "typical_volume": 8322.0, "trend": 12.032743, "fair_value": 14.542544, "relative_strength": -2.756924, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 49.149972, "energy": 53.40025, "activity_lines": [ 12.514299, 12.011097, 11.877085, 11.93213 ] }, { "date": "2024-05-24", "close": 12.447315, "volume": 211, "typical_volume": 8314.35, "trend": 12.04252, "fair_value": 14.50116, "relative_strength": -7.220017, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.570098, "energy": 47.645734, "activity_lines": [ 12.630275, 12.129493, 11.933922, 11.958876 ] }, { "date": "2024-05-31", "close": 12.128201, "volume": 16023, "typical_volume": 8874.35, "trend": 12.036564, "fair_value": 14.460205, "relative_strength": -9.805253, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.12744, "energy": 55.351502, "activity_lines": [ 12.520256, 12.181579, 11.959509, 11.964404 ] }, { "date": "2024-06-07", "close": 12.208435, "volume": 18599, "typical_volume": 9714.55, "trend": 12.03538, "fair_value": 14.421191, "relative_strength": -10.67532, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.921634, "energy": 43.496412, "activity_lines": [ 12.402457, 12.23907, 11.992716, 11.975492 ] }, { "date": "2024-06-14", "close": 11.756203, "volume": 15041, "typical_volume": 7119.75, "trend": 12.003416, "fair_value": 14.378766, "relative_strength": -12.00934, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -2.030771, "energy": 6.143482, "activity_lines": [ 12.139628, 12.199284, 11.979236, 11.957481 ] }, { "date": "2024-06-21", "close": 11.630381, "volume": 17184, "typical_volume": 7908.6, "trend": 11.967677, "fair_value": 14.335724, "relative_strength": -12.303376, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.982214, "energy": 21.282276, "activity_lines": [ 11.900383, 12.128598, 11.954931, 11.933414 ] }, { "date": "2024-06-28", "close": 11.378735, "volume": 34412, "typical_volume": 9440.05, "trend": 11.938717, "fair_value": 14.29322, "relative_strength": -13.620118, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.934292, "energy": 31.318544, "activity_lines": [ 11.681925, 12.003505, 11.906053, 11.895418 ] }, { "date": "2024-07-05", "close": 11.205501, "volume": 23739, "typical_volume": 10626.9, "trend": 11.916032, "fair_value": 14.249956, "relative_strength": -14.535712, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -70.344977, "energy": 50.926493, "activity_lines": [ 11.476962, 11.833719, 11.842612, 11.848114 ] }, { "date": "2024-07-12", "close": 11.847379, "volume": 5755, "typical_volume": 10580.45, "trend": 11.891063, "fair_value": 14.208331, "relative_strength": -11.777035, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.426152, "energy": 40.075762, "activity_lines": [ 11.547471, 11.787999, 11.844149, 11.843685 ] }, { "date": "2024-07-19", "close": 11.603026, "volume": 37045, "typical_volume": 12269.95, "trend": 11.865263, "fair_value": 14.166404, "relative_strength": -11.775351, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.243873, "energy": 39.872786, "activity_lines": [ 11.5606, 11.705973, 11.823873, 11.825102 ] }, { "date": "2024-07-26", "close": 11.351382, "volume": 5032, "typical_volume": 12484.05, "trend": 11.818905, "fair_value": 14.12499, "relative_strength": -13.633306, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.869578, "energy": 40.859618, "activity_lines": [ 11.500059, 11.59885, 11.781489, 11.791948 ] }, { "date": "2024-08-02", "close": 11.311264, "volume": 17898, "typical_volume": 13212.75, "trend": 11.787037, "fair_value": 14.084331, "relative_strength": -10.826318, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.559544, "energy": 39.169916, "activity_lines": [ 11.444746, 11.518051, 11.737238, 11.759197 ] }, { "date": "2024-08-09", "close": 11.490447, "volume": 3157, "typical_volume": 13315.3, "trend": 11.765937, "fair_value": 14.044031, "relative_strength": -8.940523, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.276496, "energy": 45.146449, "activity_lines": [ 11.453658, 11.490487, 11.713291, 11.740062 ] }, { "date": "2024-08-16", "close": 11.595161, "volume": 35178, "typical_volume": 14479.15, "trend": 11.770808, "fair_value": 14.005928, "relative_strength": -10.204038, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.122375, "energy": 42.59446, "activity_lines": [ 11.478478, 11.493557, 11.699949, 11.729044 ] }, { "date": "2024-08-23", "close": 11.843857, "volume": 12656, "typical_volume": 15030.15, "trend": 11.765625, "fair_value": 13.968983, "relative_strength": -9.123558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.323834, "energy": 16.785778, "activity_lines": [ 11.603012, 11.552995, 11.70927, 11.733757 ] }, { "date": "2024-08-30", "close": 12.088811, "volume": 18267, "typical_volume": 15330.5, "trend": 11.785161, "fair_value": 13.933827, "relative_strength": -7.532628, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 14.997742, "energy": 20.67564, "activity_lines": [ 11.793142, 11.655377, 11.739401, 11.754608 ] }, { "date": "2024-09-06", "close": 11.832637, "volume": 18633, "typical_volume": 16252.15, "trend": 11.786736, "fair_value": 13.896129, "relative_strength": -5.172104, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.835948, "energy": 18.959188, "activity_lines": [ 11.848718, 11.702846, 11.740685, 11.757671 ] }, { "date": "2024-09-13", "close": 11.866294, "volume": 2269, "typical_volume": 15813.75, "trend": 11.781836, "fair_value": 13.865795, "relative_strength": -5.671815, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.434132, "energy": 25.76633, "activity_lines": [ 11.880755, 11.748182, 11.739558, 11.762803 ] }, { "date": "2024-09-20", "close": 12.490836, "volume": 1574, "typical_volume": 15590.0, "trend": 11.793073, "fair_value": 13.841667, "relative_strength": 0.317844, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 72.708033, "energy": 66.648907, "activity_lines": [ 12.095916, 11.895056, 11.796691, 11.808545 ] }, { "date": "2024-09-27", "close": 14.003572, "volume": 171926, "typical_volume": 24017.45, "trend": 11.860083, "fair_value": 13.826397, "relative_strength": 9.656435, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.199192, "energy": 93.913468, "activity_lines": [ 12.755611, 12.305275, 11.996958, 11.951158 ] }, { "date": "2024-10-04", "close": 14.901117, "volume": 71166, "typical_volume": 26288.25, "trend": 11.964731, "fair_value": 13.815408, "relative_strength": 18.778578, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.507694, "energy": 98.435307, "activity_lines": [ 13.570507, 12.835037, 12.276684, 12.147354 ] }, { "date": "2024-10-11", "close": 13.969915, "volume": 19817, "typical_volume": 27268.55, "trend": 12.03068, "fair_value": 13.798744, "relative_strength": 9.886723, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.003482, "energy": 89.636626, "activity_lines": [ 13.887515, 13.130948, 12.459626, 12.276721 ] }, { "date": "2024-10-18", "close": 13.666994, "volume": 27680, "typical_volume": 27851.4, "trend": 12.098811, "fair_value": 13.779026, "relative_strength": 6.115331, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.070539, "energy": 88.177894, "activity_lines": [ 13.961064, 13.323445, 12.606468, 12.382289 ] }, { "date": "2024-10-25", "close": 13.427649, "volume": 2714, "typical_volume": 27057.15, "trend": 12.167047, "fair_value": 13.758526, "relative_strength": 5.624783, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.598354, "energy": 82.617807, "activity_lines": [ 13.834785, 13.43285, 12.723187, 12.468021 ] }, { "date": "2024-11-01", "close": 13.466917, "volume": 37782, "typical_volume": 28194.2, "trend": 12.23878, "fair_value": 13.738354, "relative_strength": 7.928256, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.384021, "energy": 57.687417, "activity_lines": [ 13.659141, 13.516077, 12.83784, 12.551883 ] }, { "date": "2024-11-08", "close": 13.339764, "volume": 83008, "typical_volume": 31485.4, "trend": 12.311624, "fair_value": 13.717836, "relative_strength": 8.50359, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.643163, "energy": 41.259601, "activity_lines": [ 13.476889, 13.546675, 12.932237, 12.622915 ] }, { "date": "2024-11-15", "close": 12.810586, "volume": 34386, "typical_volume": 31484.1, "trend": 12.383545, "fair_value": 13.693904, "relative_strength": 5.889958, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.843424, "energy": 25.972301, "activity_lines": [ 13.222335, 13.458315, 12.968096, 12.655106 ] }, { "date": "2024-11-22", "close": 12.617989, "volume": 23277, "typical_volume": 31461.0, "trend": 12.417134, "fair_value": 13.671344, "relative_strength": 3.675279, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.962763, "energy": 25.755726, "activity_lines": [ 12.980871, 13.317155, 12.978795, 12.670231 ] }, { "date": "2024-11-29", "close": 12.801238, "volume": 12740, "typical_volume": 31810.25, "trend": 12.434037, "fair_value": 13.651202, "relative_strength": 4.825838, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.356126, "energy": 26.081499, "activity_lines": [ 12.870423, 13.195647, 13.00022, 12.695012 ] }, { "date": "2024-12-06", "close": 12.993834, "volume": 3452, "typical_volume": 30130.6, "trend": 12.442529, "fair_value": 13.630625, "relative_strength": 6.196465, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.860389, "energy": 23.852457, "activity_lines": [ 12.865935, 13.103513, 13.035444, 12.731128 ] }, { "date": "2024-12-13", "close": 12.861073, "volume": 29147, "typical_volume": 31336.35, "trend": 12.431217, "fair_value": 13.612862, "relative_strength": 5.936879, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.70398, "energy": 16.460519, "activity_lines": [ 12.848732, 13.005598, 13.051402, 12.758131 ] }, { "date": "2024-12-20", "close": 12.447828, "volume": 7468, "typical_volume": 30814.85, "trend": 12.431234, "fair_value": 13.591534, "relative_strength": 5.352393, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.269924, "energy": 11.630626, "activity_lines": [ 12.725693, 12.869641, 13.020815, 12.759202 ] }, { "date": "2024-12-27", "close": 12.743271, "volume": 43943, "typical_volume": 32854.15, "trend": 12.451737, "fair_value": 13.570595, "relative_strength": 6.037892, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.172065, "energy": 13.820178, "activity_lines": [ 12.725319, 12.815074, 13.012952, 12.779334 ] }, { "date": "2025-01-03", "close": 12.526363, "volume": 2908, "typical_volume": 31240.65, "trend": 12.462334, "fair_value": 13.547894, "relative_strength": 3.958735, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -2.071531, "energy": 20.850935, "activity_lines": [ 12.644291, 12.737865, 12.978466, 12.784148 ] }, { "date": "2025-01-10", "close": 12.193524, "volume": 35850, "typical_volume": 32400.35, "trend": 12.476911, "fair_value": 13.521064, "relative_strength": -0.159456, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.258644, "energy": 55.692027, "activity_lines": [ 12.470641, 12.616526, 12.907847, 12.766806 ] }, { "date": "2025-01-17", "close": 12.453438, "volume": 12225, "typical_volume": 32098.25, "trend": 12.504347, "fair_value": 13.491681, "relative_strength": 0.259738, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.815527, "energy": 49.509442, "activity_lines": [ 12.436983, 12.565597, 12.860316, 12.765291 ] }, { "date": "2025-01-24", "close": 12.464658, "volume": 15236, "typical_volume": 31928.4, "trend": 12.540544, "fair_value": 13.469174, "relative_strength": -2.004576, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.186745, "energy": 47.518395, "activity_lines": [ 12.434241, 12.532823, 12.812118, 12.762731 ] }, { "date": "2025-01-31", "close": 12.713351, "volume": 13507, "typical_volume": 32490.3, "trend": 12.590806, "fair_value": 13.44507, "relative_strength": -2.481866, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.682327, "energy": 24.945588, "activity_lines": [ 12.513274, 12.551556, 12.784595, 12.77388 ] }, { "date": "2025-02-07", "close": 12.448381, "volume": 70117, "typical_volume": 35917.45, "trend": 12.610839, "fair_value": 13.416703, "relative_strength": -4.354263, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.915261, "energy": 21.551045, "activity_lines": [ 12.505979, 12.520378, 12.727803, 12.764691 ] }, { "date": "2025-02-14", "close": 12.924967, "volume": 91875, "typical_volume": 31914.9, "trend": 12.654904, "fair_value": 13.391831, "relative_strength": -2.498516, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 2.886505, "energy": 8.336247, "activity_lines": [ 12.662744, 12.582268, 12.716602, 12.784957 ] }, { "date": "2025-02-21", "close": 13.168977, "volume": 70688, "typical_volume": 31891.0, "trend": 12.71549, "fair_value": 13.374279, "relative_strength": -1.418287, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 23.952072, "energy": 22.690167, "activity_lines": [ 12.852084, 12.689776, 12.733777, 12.818123 ] }, { "date": "2025-02-28", "close": 13.302421, "volume": 14102, "typical_volume": 31605.25, "trend": 12.781862, "fair_value": 13.361821, "relative_strength": -0.809275, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 38.407944, "energy": 33.862727, "activity_lines": [ 13.038202, 12.815948, 12.771909, 12.85599 ] }, { "date": "2025-03-07", "close": 13.876228, "volume": 72373, "typical_volume": 33839.9, "trend": 12.861388, "fair_value": 13.353955, "relative_strength": 2.799732, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 72.751577, "energy": 69.431043, "activity_lines": [ 13.359738, 13.03091, 12.867868, 12.926594 ] }, { "date": "2025-03-14", "close": 13.689407, "volume": 19944, "typical_volume": 34701.4, "trend": 12.931197, "fair_value": 13.341589, "relative_strength": 2.608195, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.063742, "energy": 75.670109, "activity_lines": [ 13.541475, 13.191306, 12.945038, 12.980015 ] }, { "date": "2025-03-21", "close": 13.620778, "volume": 36131, "typical_volume": 34618.85, "trend": 12.990427, "fair_value": 13.329003, "relative_strength": 0.772587, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.893823, "energy": 73.914382, "activity_lines": [ 13.617601, 13.318077, 13.014425, 13.024504 ] }, { "date": "2025-03-28", "close": 13.449208, "volume": 9578, "typical_volume": 30947.35, "trend": 13.035774, "fair_value": 13.313391, "relative_strength": 1.178693, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.745405, "energy": 71.960919, "activity_lines": [ 13.59015, 13.387704, 13.06674, 13.054102 ] }, { "date": "2025-04-04", "close": 12.804867, "volume": 30449, "typical_volume": 30750.5, "trend": 13.068181, "fair_value": 13.296532, "relative_strength": 5.959054, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": 14.687359, "energy": 19.841348, "activity_lines": [ 13.329236, 13.322073, 13.057167, 13.039205 ] }, { "date": "2025-04-11", "close": 11.943202, "volume": 308563, "typical_volume": 45014.8, "trend": 13.070745, "fair_value": 13.275747, "relative_strength": 2.268946, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -40.172661, "energy": 30.401107, "activity_lines": [ 12.814271, 13.09359, 12.965559, 12.966626 ] }, { "date": "2025-04-18", "close": 12.595169, "volume": 42543, "typical_volume": 46504.95, "trend": 13.074223, "fair_value": 13.261297, "relative_strength": 3.693614, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -33.743129, "energy": 34.819133, "activity_lines": [ 12.645497, 12.997649, 12.939256, 12.935944 ] }, { "date": "2025-04-25", "close": 13.052691, "volume": 36628, "typical_volume": 48163.75, "trend": 13.042527, "fair_value": 13.2501, "relative_strength": 4.796353, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -27.850552, "energy": 31.477758, "activity_lines": [ 12.702179, 12.982225, 12.957508, 12.934554 ] }, { "date": "2025-05-02", "close": 13.548338, "volume": 40669, "typical_volume": 48739.85, "trend": 12.997434, "fair_value": 13.244391, "relative_strength": 5.97905, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.743742, "energy": 15.287153, "activity_lines": [ 12.961949, 13.054597, 13.022684, 12.967187 ] }, { "date": "2025-05-09", "close": 14.064955, "volume": 47869, "typical_volume": 50759.9, "trend": 13.000602, "fair_value": 13.24282, "relative_strength": 11.371629, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 69.967826, "energy": 43.533564, "activity_lines": [ 13.387316, 13.214001, 13.133789, 13.03606 ] }, { "date": "2025-05-16", "close": 14.284184, "volume": 42200, "typical_volume": 50672.75, "trend": 13.021175, "fair_value": 13.23901, "relative_strength": 10.710408, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.501108, "energy": 75.729675, "activity_lines": [ 13.801754, 13.399401, 13.258072, 13.118871 ] }, { "date": "2025-05-23", "close": 14.314685, "volume": 8296, "typical_volume": 50942.15, "trend": 13.050743, "fair_value": 13.235033, "relative_strength": 11.919352, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.210315, "energy": 83.414283, "activity_lines": [ 14.070293, 13.582929, 13.377922, 13.202324 ] }, { "date": "2025-05-30", "close": 14.410003, "volume": 0, "typical_volume": 49149.65, "trend": 13.082179, "fair_value": 13.229752, "relative_strength": 12.057875, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.543219, "energy": 86.995577, "activity_lines": [ 14.25597, 13.772419, 13.498335, 13.290018 ] }, { "date": "2025-06-06", "close": 14.823677, "volume": 12083, "typical_volume": 49142.55, "trend": 13.131643, "fair_value": 13.22786, "relative_strength": 13.55771, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.497633, "energy": 93.231493, "activity_lines": [ 14.489052, 14.022773, 13.64759, 13.402373 ] }, { "date": "2025-06-13", "close": 15.128691, "volume": 253368, "typical_volume": 61049.15, "trend": 13.208913, "fair_value": 13.230972, "relative_strength": 17.418401, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.348412, "energy": 93.658279, "activity_lines": [ 14.738782, 14.303594, 13.814608, 13.531214 ] }, { "date": "2025-06-20", "close": 14.74933, "volume": 113227, "typical_volume": 66035.15, "trend": 13.279958, "fair_value": 13.22999, "relative_strength": 16.543485, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.51435, "energy": 85.393188, "activity_lines": [ 14.791142, 14.473189, 13.93281, 13.630596 ] }, { "date": "2025-06-27", "close": 15.506145, "volume": 405095, "typical_volume": 82784.05, "trend": 13.370121, "fair_value": 13.229336, "relative_strength": 20.656033, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.387328, "energy": 89.395117, "activity_lines": [ 15.064765, 14.729365, 14.113394, 13.774221 ] }, { "date": "2025-07-04", "close": 15.469925, "volume": 9310, "typical_volume": 78655.8, "trend": 13.452658, "fair_value": 13.229869, "relative_strength": 19.684449, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.260556, "energy": 84.567712, "activity_lines": [ 15.246884, 14.92603, 14.275968, 13.909692 ] }, { "date": "2025-07-11", "close": 15.603371, "volume": 722697, "typical_volume": 111256.25, "trend": 13.544068, "fair_value": 13.234703, "relative_strength": 20.322762, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.180148, "energy": 89.927421, "activity_lines": [ 15.402823, 15.103008, 14.439133, 14.048448 ] }, { "date": "2025-07-18", "close": 15.778754, "volume": 156358, "typical_volume": 118369.05, "trend": 13.655099, "fair_value": 13.240739, "relative_strength": 20.438009, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.050396, "energy": 92.536389, "activity_lines": [ 15.565243, 15.274509, 14.607408, 14.192621 ] }, { "date": "2025-07-25", "close": 16.055172, "volume": 41111, "typical_volume": 116805.95, "trend": 13.765495, "fair_value": 13.248139, "relative_strength": 21.935125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.238002, "energy": 93.646339, "activity_lines": [ 15.776466, 15.465108, 14.790217, 14.347465 ] }, { "date": "2025-08-01", "close": 16.132566, "volume": 29909, "typical_volume": 117304.2, "trend": 13.885702, "fair_value": 13.257669, "relative_strength": 22.881463, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.170068, "energy": 92.743298, "activity_lines": [ 15.92643, 15.637579, 14.970021, 14.500179 ] }, { "date": "2025-08-08", "close": 16.266924, "volume": 15147, "typical_volume": 116255.0, "trend": 14.021482, "fair_value": 13.267502, "relative_strength": 22.72648, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.473384, "energy": 90.677752, "activity_lines": [ 16.079419, 15.801427, 15.150986, 14.653806 ] }, { "date": "2025-08-15", "close": 16.444118, "volume": 29188, "typical_volume": 117235.5, "trend": 14.154505, "fair_value": 13.279656, "relative_strength": 21.075527, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.883142, "energy": 78.470025, "activity_lines": [ 16.238339, 15.963729, 15.336227, 14.810105 ] }, { "date": "2025-08-22", "close": 16.467485, "volume": 14400, "typical_volume": 116433.05, "trend": 14.287932, "fair_value": 13.291971, "relative_strength": 18.586745, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.838051, "energy": 70.990177, "activity_lines": [ 16.348998, 16.100817, 15.509431, 14.95933 ] }, { "date": "2025-08-29", "close": 16.518112, "volume": 113138, "typical_volume": 106661.8, "trend": 14.414758, "fair_value": 13.307116, "relative_strength": 18.931215, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.267443, "energy": 69.514618, "activity_lines": [ 16.430618, 16.222769, 15.670016, 15.103212 ] }, { "date": "2025-09-05", "close": 16.467485, "volume": 97373, "typical_volume": 109403.3, "trend": 14.548728, "fair_value": 13.322239, "relative_strength": 16.151227, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.977971, "energy": 66.931112, "activity_lines": [ 16.464499, 16.303356, 15.803994, 15.235646 ] }, { "date": "2025-09-12", "close": 17.049698, "volume": 47020, "typical_volume": 109922.9, "trend": 14.686219, "fair_value": 13.343074, "relative_strength": 21.162048, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.928442, "energy": 73.079465, "activity_lines": [ 16.670124, 16.47232, 15.974982, 15.396999 ] }, { "date": "2025-09-19", "close": 16.7362, "volume": 52754, "typical_volume": 110527.15, "trend": 14.805126, "fair_value": 13.364003, "relative_strength": 19.095426, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.443973, "energy": 66.501349, "activity_lines": [ 16.719064, 16.555563, 16.097079, 15.529256 ] }, { "date": "2025-09-26", "close": 16.475275, "volume": 87980, "typical_volume": 112532.7, "trend": 14.910888, "fair_value": 13.388115, "relative_strength": 18.541972, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.545209, "energy": 64.437432, "activity_lines": [ 16.661557, 16.570767, 16.179145, 15.637008 ] }, { "date": "2025-10-03", "close": 16.773197, "volume": 21397, "typical_volume": 111492.55, "trend": 15.007454, "fair_value": 13.410847, "relative_strength": 14.92648, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.336806, "energy": 65.237944, "activity_lines": [ 16.702838, 16.627475, 16.278108, 15.757157 ] }, { "date": "2025-10-10", "close": 16.403229, "volume": 54475, "typical_volume": 113801.5, "trend": 15.097914, "fair_value": 13.436197, "relative_strength": 12.318406, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.629276, "energy": 47.085541, "activity_lines": [ 16.60379, 16.603861, 16.329983, 15.847207 ] }, { "date": "2025-10-17", "close": 16.401281, "volume": 54379, "typical_volume": 116520.45, "trend": 15.190598, "fair_value": 13.463314, "relative_strength": 10.514461, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.32431, "energy": 37.222835, "activity_lines": [ 16.508377, 16.574971, 16.371727, 15.931295 ] }, { "date": "2025-10-24", "close": 128.829498, "volume": 43551, "typical_volume": 118093.85, "trend": 19.036608, "fair_value": 14.215946, "relative_strength": 659.500217, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.803282, "energy": 97.460378, "activity_lines": [ 53.932265, 36.985133, 27.111438, 23.262837 ] }, { "date": "2025-10-31", "close": 16.810194, "volume": 7679222, "typical_volume": 489386.55, "trend": 19.170118, "fair_value": 14.24593, "relative_strength": 1.446087, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.203017, "energy": 50.209796, "activity_lines": [ 46.543497, 34.984778, 26.639759, 23.119197 ] }, { "date": "2025-11-07", "close": 17.335938, "volume": 199824, "typical_volume": 493716.4, "trend": 19.349876, "fair_value": 14.271553, "relative_strength": 3.665168, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.127251, "energy": 43.855043, "activity_lines": [ 39.30765, 33.073782, 26.210144, 23.000863 ] }, { "date": "2025-11-14", "close": 17.725378, "volume": 120647, "typical_volume": 479494.0, "trend": 19.520883, "fair_value": 14.298096, "relative_strength": 2.737936, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.343117, "energy": 36.181462, "activity_lines": [ 32.1641, 31.218724, 25.805301, 22.896057 ] }, { "date": "2025-11-21", "close": 16.823824, "volume": 190299, "typical_volume": 488543.45, "trend": 19.646588, "fair_value": 14.319352, "relative_strength": -2.823707, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.68173, "energy": 22.06738, "activity_lines": [ 24.631889, 29.176876, 25.304028, 22.722053 ] }, { "date": "2025-11-28", "close": 17.248314, "volume": 681221, "typical_volume": 486469.65, "trend": 19.76992, "fair_value": 14.340151, "relative_strength": -2.285143, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.769204, "energy": 21.466582, "activity_lines": [ 17.213005, 27.216314, 24.836736, 22.567325 ] }, { "date": "2025-12-05", "close": 17.170425, "volume": 113728, "typical_volume": 484338.15, "trend": 19.873436, "fair_value": 14.353549, "relative_strength": -3.797676, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.162674, "energy": 19.174033, "activity_lines": [ 17.206903, 25.23228, 24.354192, 22.399616 ] }, { "date": "2025-12-12", "close": 17.045805, "volume": 154623, "typical_volume": 490013.75, "trend": 19.96549, "fair_value": 14.366651, "relative_strength": -4.431039, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.851883, "energy": 19.249713, "activity_lines": [ 17.135246, 23.212949, 23.853153, 22.217188 ] }, { "date": "2025-12-19", "close": 17.392406, "volume": 160879, "typical_volume": 496562.25, "trend": 20.068081, "fair_value": 14.382658, "relative_strength": -4.893061, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.602409, "energy": 15.238671, "activity_lines": [ 17.198465, 21.251679, 23.380406, 22.051183 ] }, { "date": "2025-12-26", "close": 17.382671, "volume": 45735, "typical_volume": 498091.65, "trend": 20.16717, "fair_value": 14.397159, "relative_strength": -5.733737, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.401451, "energy": 11.106678, "activity_lines": [ 17.280637, 19.270654, 22.900733, 21.877931 ] }, { "date": "2026-01-02", "close": 17.332045, "volume": 16697, "typical_volume": 497467.1, "trend": 20.250782, "fair_value": 14.408259, "relative_strength": -6.478553, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.695453, "energy": 7.480828, "activity_lines": [ 17.308677, 17.262582, 22.410925, 21.695019 ] }, { "date": "2026-01-09", "close": 17.939571, "volume": 331920, "typical_volume": 513343.1, "trend": 20.344478, "fair_value": 14.422526, "relative_strength": -4.71043, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.274185, "energy": 5.946367, "activity_lines": [ 17.533644, 17.392195, 21.974749, 21.545909 ] }, { "date": "2026-01-16", "close": 18.052507, "volume": 148945, "typical_volume": 515133.45, "trend": 20.454584, "fair_value": 14.437808, "relative_strength": -4.454138, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.532009, "energy": 5.446695, "activity_lines": [ 17.74498, 17.521807, 21.542318, 21.39804 ] }, { "date": "2026-01-23", "close": 18.140133, "volume": 260619, "typical_volume": 523295.75, "trend": 20.542383, "fair_value": 14.451347, "relative_strength": -2.53065, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.845172, "energy": 12.700046, "activity_lines": [ 17.918411, 17.654323, 21.110927, 21.248721 ] }, { "date": "2026-01-30", "close": 18.897594, "volume": 327538, "typical_volume": 537321.65, "trend": 20.656639, "fair_value": 14.47211, "relative_strength": 0.643353, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.89244, "energy": 54.371651, "activity_lines": [ 18.294481, 17.917019, 20.743709, 21.142605 ] }, { "date": "2026-02-06", "close": 18.786602, "volume": 518407, "typical_volume": 560604.3, "trend": 20.762747, "fair_value": 14.493803, "relative_strength": -2.302071, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.799044, "energy": 51.711541, "activity_lines": [ 18.532558, 18.121828, 20.357121, 21.021958 ] }, { "date": "2026-02-13", "close": 18.506001, "volume": 403487, "typical_volume": 576379.65, "trend": 20.853655, "fair_value": 14.516967, "relative_strength": -5.407154, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.804398, "energy": 54.160567, "activity_lines": [ 18.580131, 18.247651, 19.934046, 20.876361 ] }, { "date": "2026-02-20", "close": 18.917999, "volume": 419062, "typical_volume": 596262.9, "trend": 20.949082, "fair_value": 14.54473, "relative_strength": -5.54825, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.570163, "energy": 63.050218, "activity_lines": [ 18.727275, 18.4241, 19.540538, 20.75148 ] }, { "date": "2026-02-27", "close": 19.356001, "volume": 423680, "typical_volume": 614723.15, "trend": 21.05653, "fair_value": 14.573083, "relative_strength": -4.880568, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.602712, "energy": 45.710858, "activity_lines": [ 18.96272, 18.646145, 19.178531, 20.648701 ] }, { "date": "2026-03-06", "close": 18.511999, "volume": 983039, "typical_volume": 661156.15, "trend": 21.131366, "fair_value": 14.598707, "relative_strength": -3.098168, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.707477, "energy": 55.507536, "activity_lines": [ 18.835773, 18.679033, 18.722083, 20.484537 ] }, { "date": "2026-03-13", "close": 18.16, "volume": 544891, "typical_volume": 686223.15, "trend": 21.188562, "fair_value": 14.623456, "relative_strength": -3.494391, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.981552, "energy": 57.952407, "activity_lines": [ 18.6172, 18.627389, 18.222059, 20.292836 ] }, { "date": "2026-03-20", "close": 18.056, "volume": 587055, "typical_volume": 331614.8, "trend": 21.241513, "fair_value": 14.646225, "relative_strength": -0.563716, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.279231, "energy": 61.909464, "activity_lines": [ 18.405733, 18.541781, 18.239129, 20.090735 ] }, { "date": "2026-03-27", "close": 17.996, "volume": 394229, "typical_volume": 341335.05, "trend": 21.290776, "fair_value": 14.666641, "relative_strength": -3.344014, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.945265, "energy": 63.329409, "activity_lines": [ 18.204267, 18.443148, 18.244551, 19.881347 ] }, { "date": "2026-04-03", "close": 18.393999, "volume": 110546, "typical_volume": 340830.0, "trend": 21.354993, "fair_value": 14.690343, "relative_strength": -4.732414, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.104411, "energy": 56.020623, "activity_lines": [ 18.196933, 18.417905, 18.284736, 19.694459 ] }, { "date": "2026-04-10", "close": 19.08, "volume": 396409, "typical_volume": 351135.5, "trend": 21.42267, "fair_value": 14.71816, "relative_strength": -3.170099, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.222082, "energy": 39.297894, "activity_lines": [ 18.4824, 18.512774, 18.38707, 19.547685 ] }, { "date": "2026-04-17", "close": 18.728001, "volume": 375602, "typical_volume": 335854.55, "trend": 21.489063, "fair_value": 14.744207, "relative_strength": -7.056055, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.033952, "energy": 25.431514, "activity_lines": [ 18.612667, 18.540327, 18.445136, 19.373835 ] }, { "date": "2026-04-24", "close": 18.584, "volume": 268979, "typical_volume": 343617.1, "trend": 21.559354, "fair_value": 14.769309, "relative_strength": -6.352511, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.795826, "energy": 18.737376, "activity_lines": [ 18.657067, 18.542764, 18.482442, 19.186412 ] }, { "date": "2026-05-01", "close": 18.889999, "volume": 423521, "typical_volume": 357062.0, "trend": 21.629914, "fair_value": 14.797594, "relative_strength": -4.971369, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -20.082408, "energy": 17.028611, "activity_lines": [ 18.768266, 18.599418, 18.542159, 19.014196 ] }, { "date": "2026-05-08", "close": 19.525999, "volume": 411526, "typical_volume": 369594.35, "trend": 21.734006, "fair_value": 14.832185, "relative_strength": -1.912094, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": 4.580481, "energy": 10.841409, "activity_lines": [ 19.031866, 18.772218, 18.653666, 18.878459 ] }, { "date": "2026-05-15", "close": 19.280001, "volume": 204227, "typical_volume": 377518.95, "trend": 21.829963, "fair_value": 14.864566, "relative_strength": -4.387075, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": 8.703533, "energy": 14.313332, "activity_lines": [ 19.138, 18.8972, 18.731585, 18.720136 ] }, { "date": "2026-05-22", "close": 18.728001, "volume": 356599, "typical_volume": 394514.05, "trend": 18.159914, "fair_value": 14.89574, "relative_strength": -9.315366, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.575977, "energy": 27.743596, "activity_lines": [ 19.0468, 18.907855, 18.747897, 18.52001 ] }, { "date": "2026-05-29", "close": 18.6, "volume": 213895, "typical_volume": 388612.8, "trend": 18.219574, "fair_value": 14.925889, "relative_strength": -10.41708, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.862249, "energy": 22.706821, "activity_lines": [ 18.912934, 18.884909, 18.745371, 18.548402 ] }, { "date": "2026-06-05", "close": 17.389999, "volume": 57479, "typical_volume": 384039.5, "trend": 18.221376, "fair_value": 14.945996, "relative_strength": -15.385016, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.544665, "energy": 16.69495, "activity_lines": [ 18.374667, 18.632073, 18.624462, 18.494881 ] }, { "date": "2026-06-12", "close": 17.511999, "volume": 1003152, "typical_volume": 421166.15, "trend": 18.214263, "fair_value": 14.964214, "relative_strength": -16.812474, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.253056, "energy": 46.433783, "activity_lines": [ 17.977066, 18.412436, 18.518327, 18.449115 ] }, { "date": "2026-06-19", "close": 17.195999, "volume": 14321, "typical_volume": 405505.3, "trend": 18.226669, "fair_value": 14.985035, "relative_strength": -18.711096, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.567704, "energy": 61.331174, "activity_lines": [ 17.608399, 18.151381, 18.385088, 18.383421 ] }, { "date": "2026-06-26", "close": 17.086, "volume": 165137, "typical_volume": 387841.8, "trend": 18.221259, "fair_value": 15.004597, "relative_strength": -21.415863, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.801297, "energy": 75.43876, "activity_lines": [ 17.341999, 17.904581, 18.249476, 18.309829 ] }, { "date": "2026-07-03", "close": 17.148001, "volume": 11290, "typical_volume": 368231.95, "trend": 18.220511, "fair_value": 15.026785, "relative_strength": -22.405547, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.911066, "energy": 76.118593, "activity_lines": [ 17.205733, 17.698909, 18.127867, 18.240587 ] }, { "date": "2026-07-10", "close": 17.398001, "volume": 49084, "typical_volume": 349733.05, "trend": 18.232251, "fair_value": 15.047758, "relative_strength": -20.143118, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.844074, "energy": 82.806487, "activity_lines": [ 17.2496, 17.5648, 18.036533, 18.187521 ] }, { "date": "2026-07-17", "close": 17.874001, "volume": 205088, "typical_volume": 338803.45, "trend": 18.248304, "fair_value": 15.072687, "relative_strength": -18.507152, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.552164, "energy": 61.990415, "activity_lines": [ 17.451601, 17.544364, 17.997772, 18.164409 ] }, { "date": "2026-07-24", "close": 18.408001, "volume": 89139, "typical_volume": 294108.45, "trend": 18.282482, "fair_value": 15.098154, "relative_strength": -15.914439, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.327692, "energy": 22.232843, "activity_lines": [ 17.807468, 17.651055, 18.016924, 18.174712 ] }, { "date": "2026-07-31", "close": 18.618, "volume": 53769, "typical_volume": 269552.35, "trend": 18.325347, "fair_value": 15.129245, "relative_strength": -14.997672, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.051577, "energy": 22.479631, "activity_lines": [ 18.152534, 17.811782, 18.056572, 18.196358 ] }, { "date": "2026-08-07", "close": 18.402, "volume": 229853, "typical_volume": 251692.25, "trend": 18.340761, "fair_value": 15.161088, "relative_strength": -17.02163, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.527677, "energy": 30.245661, "activity_lines": [ 18.323467, 17.935237, 18.073467, 18.201303 ] } ], "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." } } }