{ "ticker": { "uuid": "1594f3af-bb09-4645-b89a-1a63fe74fb76", "symbol": "MARE", "name": "Mare Group S.p.A.", "exchange": "MIL", "country": "IT", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 89.465, "architecture_energy": 89.593, "architecture_maturity": 28.0, "architecture_confidence": 74.75, "architecture_tenure": "New", "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": 7.3, "rotation_up": 88.41, "upward_expansion": 97.09, "deceleration": 41.23, "rotation_down": 8.34, "downward_expansion": 19.09 }, "activity_lines": [ 4.925333, 4.602727, 4.181826, 3.968469 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 5.24, "trend_reference": 3.776307, "distance_from_trend": 0.387599, "trend_direction": "Improving", "fair_value": 3.471582, "distance_from_fair_value": 0.509398, "fair_value_direction": "Improving", "relative_strength": 19.115516, "relative_strength_direction": "Improving", "price_momentum": 0.448284, "excess_performance": 0.277393, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.387599, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.034721, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.509398, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.51022, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.191155, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.361894, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.448284, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.122294, "read": "Demand-led" } ], "volume": { "latest": 228758, "relative_activity": 1.360929, "balance": 4.122294, "dry_up": 2.132979, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.062202, "annualized_volatility": 0.3445, "from_high_reference": -0.050725, "from_low_reference": 0.641689 }, "levels": { "trend_reference": 3.776307, "fair_value_reference": 3.471582, "structural_low": 3.191835, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 1, "median_return": 0.035265, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.009425, "regime_survival": 0.0, "best_return": 0.035265, "worst_return": 0.035265, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": -0.143577, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.160131, "regime_survival": 0.0, "best_return": -0.143577, "worst_return": -0.143577, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.024211, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.172945, "regime_survival": 0.0, "best_return": -0.024211, "worst_return": -0.024211, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-05", "end": "2025-12-12", "tenure": "New", "return": 0.002519, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-19", "end": "2026-02-13", "tenure": "Developing", "return": -0.088608, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-20", "end": "2026-03-20", "tenure": "Developing", "return": -0.068306, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-06-05", "tenure": "Developing", "return": 0.156383, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-12", "end": "2026-07-10", "tenure": "Developing", "return": 0.160714, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.18018, "active": true } ], "chart_path": [ { "date": "2024-05-31", "close": 3.148377, "volume": 923888, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 2.872894, "volume": 231439, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 2.652508, "volume": 228531, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 2.794185, "volume": 63034, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 2.746959, "volume": 49654, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 2.550186, "volume": 141253, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 2.762701, "volume": 258491, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 2.825669, "volume": 197142, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 3.038184, "volume": 241883, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 3.235469, "volume": 199525, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 3.294654, "volume": 146732, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 3.361731, "volume": 98475, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 3.515613, "volume": 83639, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 3.405133, "volume": 36543, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 3.018456, "volume": 144709, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 2.98689, "volume": 39812, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 2.935596, "volume": 27793, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 3.132881, "volume": 89761, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 2.951379, "volume": 91316, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 3.491939, "volume": 229723, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 3.255197, "volume": 97679, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 3.401188, "volume": 88237, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 3.456428, "volume": 105029, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 3.58269, "volume": 179924, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 3.657658, "volume": 150755, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 3.641875, "volume": 206562, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 3.7563, "volume": 280211, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 3.740518, "volume": 140344, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 3.953585, "volume": 203894, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 3.606364, "volume": 154058, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 3.55507, "volume": 10310, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 3.602418, "volume": 24235, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 3.543233, "volume": 40197, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 3.456428, "volume": 59560, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 3.393296, "volume": 68022, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 3.349894, "volume": 73566, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 3.393296, "volume": 125844, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 3.32622, "volume": 88225, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 3.32622, "volume": 51727, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 3.235469, "volume": 95653, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 3.09737, "volume": 78792, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 2.860628, "volume": 96973, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 2.880356, "volume": 136029, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 2.994781, "volume": 433790, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 2.560755, "volume": 586742, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 2.548918, "volume": 176486, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 2.833008, "volume": 132407, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 2.833008, "volume": 24624, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 2.722529, "volume": 59463, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 2.78566, "volume": 99355, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 2.761985, "volume": 38361, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 3.267034, "volume": 414715, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 3.203903, "volume": 265451, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 3.896372, "volume": 200837, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 3.590581, "volume": 221836, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 3.432753, "volume": 189244, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 3.370261, "volume": 179705, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 3.449561, "volume": 212830, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 3.479299, "volume": 328328, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 3.300873, "volume": 199028, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 3.191835, "volume": 418455, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 3.390086, "volume": 306875, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 3.449561, "volume": 153566, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 3.390086, "volume": 43636, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 3.320698, "volume": 111250, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 3.281048, "volume": 81342, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 3.350436, "volume": 71395, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 3.330611, "volume": 255911, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 3.409911, "volume": 238436, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 3.499124, "volume": 182492, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 3.8758, "volume": 502427, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 3.855975, "volume": 641185, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 3.737025, "volume": 204353, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 4.004663, "volume": 210728, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 4.193001, "volume": 218868, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 4.064138, "volume": 189738, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 4.004663, "volume": 106350, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 3.865888, "volume": 74405, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 4.064138, "volume": 86372, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-05", "close": 3.935275, "volume": 57282, "typical_volume": 207753.3, "trend": 3.565553, "fair_value": 3.325479, "relative_strength": 5.130604, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.992269, "energy": 33.689803, "activity_lines": [ 3.973604, 3.982855, 3.814342, 3.702591 ] }, { "date": "2025-12-12", "close": 3.945188, "volume": 63437, "typical_volume": 190002.4, "trend": 3.604993, "fair_value": 3.33313, "relative_strength": 5.733719, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.264999, "energy": 28.664642, "activity_lines": [ 3.959726, 3.980152, 3.841437, 3.727084 ] }, { "date": "2025-12-19", "close": 3.91545, "volume": 117678, "typical_volume": 180542.55, "trend": 3.626607, "fair_value": 3.340232, "relative_strength": 2.464181, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.218106, "energy": 25.914513, "activity_lines": [ 3.943866, 3.97078, 3.862111, 3.747113 ] }, { "date": "2025-12-26", "close": 3.945188, "volume": 26054, "typical_volume": 174166.95, "trend": 3.651316, "fair_value": 3.34752, "relative_strength": 3.957761, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.090694, "energy": 22.00002, "activity_lines": [ 3.943866, 3.965734, 3.883116, 3.767667 ] }, { "date": "2026-01-02", "close": 4.074051, "volume": 126852, "typical_volume": 178327.75, "trend": 3.657239, "fair_value": 3.356169, "relative_strength": 5.916178, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.189607, "energy": 31.722715, "activity_lines": [ 3.981534, 3.980332, 3.914034, 3.79494 ] }, { "date": "2026-01-09", "close": 4.024488, "volume": 53921, "typical_volume": 175461.3, "trend": 3.671702, "fair_value": 3.364032, "relative_strength": 4.144042, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.821842, "energy": 31.707398, "activity_lines": [ 4.00202, 3.984658, 3.936975, 3.818634 ] }, { "date": "2026-01-16", "close": 3.865888, "volume": 92516, "typical_volume": 176020.0, "trend": 3.68614, "fair_value": 3.369867, "relative_strength": 0.111073, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.408179, "energy": 26.048919, "activity_lines": [ 3.963691, 3.963211, 3.941459, 3.831162 ] }, { "date": "2026-01-23", "close": 3.905538, "volume": 23318, "typical_volume": 173616.15, "trend": 3.703983, "fair_value": 3.376025, "relative_strength": 3.477831, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.68257, "energy": 20.814734, "activity_lines": [ 3.943866, 3.952577, 3.946934, 3.845316 ] }, { "date": "2026-01-30", "close": 3.598249, "volume": 113131, "typical_volume": 166477.15, "trend": 3.708939, "fair_value": 3.37855, "relative_strength": -5.843629, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.05039, "energy": 11.8373, "activity_lines": [ 3.822273, 3.887875, 3.920501, 3.838495 ] }, { "date": "2026-02-06", "close": 3.618074, "volume": 95675, "typical_volume": 159339.1, "trend": 3.713565, "fair_value": 3.381241, "relative_strength": -5.772827, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.755243, "energy": 21.681605, "activity_lines": [ 3.730416, 3.831644, 3.894681, 3.832633 ] }, { "date": "2026-02-13", "close": 3.568511, "volume": 63968, "typical_volume": 153412.9, "trend": 3.722486, "fair_value": 3.383322, "relative_strength": -5.956026, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.414103, "energy": 49.295858, "activity_lines": [ 3.652437, 3.774512, 3.86315, 3.823274 ] }, { "date": "2026-02-20", "close": 3.627987, "volume": 52224, "typical_volume": 130902.75, "trend": 3.737025, "fair_value": 3.386011, "relative_strength": -6.348945, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.806497, "energy": 51.315384, "activity_lines": [ 3.624682, 3.734862, 3.836952, 3.817178 ] }, { "date": "2026-02-27", "close": 3.439649, "volume": 100774, "typical_volume": 103882.2, "trend": 3.738677, "fair_value": 3.386594, "relative_strength": -12.377531, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.503586, "energy": 63.471811, "activity_lines": [ 3.550008, 3.666736, 3.793998, 3.797992 ] }, { "date": "2026-03-06", "close": 3.370261, "volume": 142401, "typical_volume": 100784.6, "trend": 3.736033, "fair_value": 3.386418, "relative_strength": -8.115376, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.831777, "energy": 63.148806, "activity_lines": [ 3.483264, 3.594645, 3.746418, 3.774223 ] }, { "date": "2026-03-13", "close": 3.390086, "volume": 264837, "typical_volume": 103490.05, "trend": 3.736033, "fair_value": 3.386457, "relative_strength": -7.972087, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.753373, "energy": 55.655821, "activity_lines": [ 3.438327, 3.536611, 3.702472, 3.751904 ] }, { "date": "2026-03-20", "close": 3.380173, "volume": 109482, "typical_volume": 98020.75, "trend": 3.738016, "fair_value": 3.386391, "relative_strength": -5.191977, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.308625, "energy": 67.277483, "activity_lines": [ 3.405285, 3.489211, 3.660509, 3.728945 ] }, { "date": "2026-03-27", "close": 3.320698, "volume": 58103, "typical_volume": 91439.0, "trend": 3.739338, "fair_value": 3.385707, "relative_strength": -7.99923, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.948905, "energy": 63.737163, "activity_lines": [ 3.364974, 3.442712, 3.616753, 3.702022 ] }, { "date": "2026-04-03", "close": 3.390086, "volume": 187578, "typical_volume": 95500.4, "trend": 3.740659, "fair_value": 3.385752, "relative_strength": -10.708619, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.724196, "energy": 47.730217, "activity_lines": [ 3.368278, 3.418742, 3.583144, 3.679489 ] }, { "date": "2026-04-10", "close": 3.370261, "volume": 73611, "typical_volume": 95460.7, "trend": 3.741981, "fair_value": 3.385594, "relative_strength": -14.849053, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.986765, "energy": 43.866821, "activity_lines": [ 3.368278, 3.400539, 3.550575, 3.655593 ] }, { "date": "2026-04-17", "close": 3.320698, "volume": 142138, "typical_volume": 98249.0, "trend": 3.739007, "fair_value": 3.384938, "relative_strength": -18.059992, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.958097, "energy": 44.504839, "activity_lines": [ 3.351757, 3.37747, 3.515645, 3.628413 ] }, { "date": "2026-04-24", "close": 3.271136, "volume": 73503, "typical_volume": 99060.05, "trend": 3.731408, "fair_value": 3.3838, "relative_strength": -17.089754, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.295528, "energy": 43.670121, "activity_lines": [ 3.323342, 3.350796, 3.479535, 3.598228 ] }, { "date": "2026-05-01", "close": 3.300873, "volume": 47627, "typical_volume": 98269.55, "trend": 3.712243, "fair_value": 3.382979, "relative_strength": -17.30894, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.013443, "energy": 44.258415, "activity_lines": [ 3.312107, 3.334936, 3.44942, 3.570451 ] }, { "date": "2026-05-08", "close": 3.380173, "volume": 82101, "typical_volume": 96490.7, "trend": 3.696383, "fair_value": 3.382952, "relative_strength": -17.073919, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.344296, "energy": 41.181938, "activity_lines": [ 3.328628, 3.339442, 3.429925, 3.549028 ] }, { "date": "2026-05-15", "close": 3.290961, "volume": 91404, "typical_volume": 99758.2, "trend": 3.681514, "fair_value": 3.382058, "relative_strength": -18.958984, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.094109, "energy": 41.489415, "activity_lines": [ 3.316072, 3.328808, 3.404483, 3.522871 ] }, { "date": "2026-05-22", "close": 3.409911, "volume": 73590, "typical_volume": 97095.1, "trend": 3.661689, "fair_value": 3.382326, "relative_strength": -16.429716, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.742755, "energy": 28.979711, "activity_lines": [ 3.348453, 3.341244, 3.393485, 3.505348 ] }, { "date": "2026-05-29", "close": 3.83, "volume": 610645, "typical_volume": 124931.3, "trend": 3.649589, "fair_value": 3.38659, "relative_strength": -7.047568, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 8.241621, "energy": 14.376333, "activity_lines": [ 3.514916, 3.429699, 3.425657, 3.516207 ] }, { "date": "2026-06-05", "close": 3.84, "volume": 42781, "typical_volume": 122444.55, "trend": 3.642118, "fair_value": 3.390867, "relative_strength": -6.119326, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 34.811522, "energy": 36.895339, "activity_lines": [ 3.647455, 3.511794, 3.459709, 3.528492 ] }, { "date": "2026-06-12", "close": 3.92, "volume": 26862, "typical_volume": 122621.75, "trend": 3.639296, "fair_value": 3.395812, "relative_strength": -6.822424, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.176058, "energy": 64.189508, "activity_lines": [ 3.770719, 3.598992, 3.501502, 3.54642 ] }, { "date": "2026-06-19", "close": 3.97, "volume": 20463, "typical_volume": 117988.35, "trend": 3.642766, "fair_value": 3.401129, "relative_strength": -7.779255, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.854311, "energy": 74.131753, "activity_lines": [ 3.874661, 3.685646, 3.547989, 3.567755 ] }, { "date": "2026-06-26", "close": 3.87, "volume": 22635, "typical_volume": 114336.35, "trend": 3.636295, "fair_value": 3.405431, "relative_strength": -7.120287, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.560581, "energy": 72.303511, "activity_lines": [ 3.9, 3.743215, 3.583182, 3.582416 ] }, { "date": "2026-07-03", "close": 4.14, "volume": 36483, "typical_volume": 112962.1, "trend": 3.643119, "fair_value": 3.412108, "relative_strength": -3.365108, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.758313, "energy": 81.967499, "activity_lines": [ 3.984667, 3.839886, 3.642889, 3.614913 ] }, { "date": "2026-07-10", "close": 4.55, "volume": 338141, "typical_volume": 127257.95, "trend": 3.66328, "fair_value": 3.42236, "relative_strength": 6.627272, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 95.068134, "energy": 96.697527, "activity_lines": [ 4.185333, 3.995306, 3.738923, 3.673421 ] }, { "date": "2026-07-17", "close": 4.44, "volume": 154199, "typical_volume": 129929.2, "trend": 3.680765, "fair_value": 3.431446, "relative_strength": 5.425114, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.696565, "energy": 92.023697, "activity_lines": [ 4.302, 4.108014, 3.82009, 3.723532 ] }, { "date": "2026-07-24", "close": 4.43, "volume": 213650, "typical_volume": 133491.65, "trend": 3.696925, "fair_value": 3.440283, "relative_strength": 5.172104, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.372709, "energy": 88.985352, "activity_lines": [ 4.380667, 4.199635, 3.89554, 3.77187 ] }, { "date": "2026-07-31", "close": 5.24, "volume": 837519, "typical_volume": 162125.75, "trend": 3.73579, "fair_value": 3.45607, "relative_strength": 23.064661, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.957281, "energy": 94.948808, "activity_lines": [ 4.698667, 4.417818, 4.043088, 3.871423 ] }, { "date": "2026-08-07", "close": 5.24, "volume": 228758, "typical_volume": 168089.55, "trend": 3.776307, "fair_value": 3.471582, "relative_strength": 19.115516, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.464882, "energy": 89.592909, "activity_lines": [ 4.925333, 4.602727, 4.181826, 3.968469 ] } ], "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." } } }