{ "ticker": { "uuid": "168540b9-0ea8-442d-a06a-914bb51b0638", "symbol": "EMMUSC", "name": "UBS Core MSCI EM UCITS ETF USD acc", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 69.703, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 25.534, "architecture_energy": 24.464, "architecture_maturity": 65.386, "architecture_confidence": 79.243, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 54.6, "rotation_up": 18.27, "upward_expansion": 52.49, "deceleration": 93.99, "rotation_down": 35.63, "downward_expansion": 18.49 }, "activity_lines": [ 15.778, 16.033164, 15.976457, 15.596422 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 15.924, "trend_reference": 15.096267, "distance_from_trend": 0.05483, "trend_direction": "Improving", "fair_value": 11.561163, "distance_from_fair_value": 0.37737, "fair_value_direction": "Weakening", "relative_strength": -2.345554, "relative_strength_direction": "Weakening", "price_momentum": 0.137104, "excess_performance": -0.033788, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.05483, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.078793, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.37737, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.082404, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.023456, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.126791, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.137104, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.831374, "read": "Supply-led" } ], "volume": { "latest": 277424, "relative_activity": 0.984718, "balance": 0.831374, "dry_up": 1.531885, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.042906, "annualized_volatility": 0.22709, "from_high_reference": -0.072784, "from_low_reference": 0.375605 }, "levels": { "trend_reference": 15.096267, "fair_value_reference": 11.561163, "structural_low": 13.2, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 9, "median_return": 0.008992, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.016411, "regime_survival": 0.555556, "best_return": 0.129331, "worst_return": -0.027721, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.102257, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.036312, "regime_survival": 0.0, "best_return": 0.23641, "worst_return": -0.009198, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.001271, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.03187, "regime_survival": 0.0, "best_return": 0.287663, "worst_return": -0.00222, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.084177, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.14447, "regime_survival": 0.0, "best_return": 0.133466, "worst_return": 0.034887, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-02-16", "end": "2024-08-16", "tenure": "Extended", "return": 0.064741, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-23", "end": "2024-09-20", "tenure": "Developing", "return": 0.006214, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-27", "end": "2024-11-15", "tenure": "Developing", "return": -0.023466, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-22", "end": "2025-02-07", "tenure": "Developing", "return": 0.02179, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-03-28", "tenure": "Developing", "return": -0.040762, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": -0.021508, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-23", "tenure": "Developing", "return": 0.103753, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-07-11", "tenure": "Developing", "return": 0.041114, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-11-21", "tenure": "Established", "return": 0.079371, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-01-09", "tenure": "Developing", "return": 0.062549, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-03-20", "tenure": "Developing", "return": -0.020999, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.127389, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-17", "tenure": "Established", "return": 0.023935, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.010663, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 9.073, "volume": 61709, "typical_volume": 55310.95, "trend": 9.307333, "fair_value": 9.928244, "relative_strength": -10.370636, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.872261, "energy": 10.371077, "activity_lines": [ 9.311733, 9.346945, 9.32441, 9.295028 ] }, { "date": "2023-08-25", "close": 9.255, "volume": 432582, "typical_volume": 76785.15, "trend": 9.287167, "fair_value": 9.929622, "relative_strength": -9.407422, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.602041, "energy": 11.93467, "activity_lines": [ 9.2708, 9.326855, 9.323081, 9.291652 ] }, { "date": "2023-09-01", "close": 9.438, "volume": 13928, "typical_volume": 75810.25, "trend": 9.2807, "fair_value": 9.933756, "relative_strength": -8.491962, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.593043, "energy": 22.500209, "activity_lines": [ 9.2958, 9.345709, 9.338671, 9.301383 ] }, { "date": "2023-09-08", "close": 9.296, "volume": 6249, "typical_volume": 73403.0, "trend": 9.2716, "fair_value": 9.936667, "relative_strength": -8.00818, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.299509, "energy": 13.063063, "activity_lines": [ 9.293733, 9.335236, 9.33949, 9.30237 ] }, { "date": "2023-09-15", "close": 9.432, "volume": 30534, "typical_volume": 73877.1, "trend": 9.272, "fair_value": 9.939744, "relative_strength": -8.257377, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.331368, "energy": 13.774787, "activity_lines": [ 9.3494, 9.349782, 9.351948, 9.312718 ] }, { "date": "2023-09-22", "close": 9.312, "volume": 13269, "typical_volume": 74107.2, "trend": 9.275067, "fair_value": 9.943737, "relative_strength": -7.858192, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.761871, "energy": 16.542157, "activity_lines": [ 9.3538, 9.339055, 9.350986, 9.315299 ] }, { "date": "2023-09-29", "close": 9.208, "volume": 31700, "typical_volume": 75016.0, "trend": 9.2667, "fair_value": 9.945314, "relative_strength": -7.27781, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.838699, "energy": 3.370225, "activity_lines": [ 9.3076, 9.311018, 9.3389, 9.310972 ] }, { "date": "2023-10-06", "close": 9.171, "volume": 42774, "typical_volume": 76605.6, "trend": 9.264133, "fair_value": 9.945103, "relative_strength": -5.672063, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.051238, "energy": 17.715104, "activity_lines": [ 9.2522, 9.278455, 9.322429, 9.304798 ] }, { "date": "2023-10-13", "close": 9.274, "volume": 101944, "typical_volume": 78878.15, "trend": 9.273367, "fair_value": 9.945494, "relative_strength": -5.573631, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.023446, "energy": 19.10391, "activity_lines": [ 9.248933, 9.275, 9.315762, 9.305434 ] }, { "date": "2023-10-20", "close": 8.942, "volume": 56302, "typical_volume": 80943.6, "trend": 9.265933, "fair_value": 9.943744, "relative_strength": -5.590099, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -43.443005, "energy": 48.079414, "activity_lines": [ 9.136467, 9.214964, 9.27739, 9.284056 ] }, { "date": "2023-10-27", "close": 8.912, "volume": 88050, "typical_volume": 71018.2, "trend": 9.253967, "fair_value": 9.94259, "relative_strength": -5.394897, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.110414, "energy": 60.37486, "activity_lines": [ 9.046667, 9.155309, 9.23821, 9.261222 ] }, { "date": "2023-11-03", "close": 9.212, "volume": 138271, "typical_volume": 69865.9, "trend": 9.2561, "fair_value": 9.940321, "relative_strength": -6.602822, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.280822, "energy": 45.150288, "activity_lines": [ 9.083533, 9.153127, 9.230329, 9.258514 ] }, { "date": "2023-11-10", "close": 9.187, "volume": 22671, "typical_volume": 67914.85, "trend": 9.256467, "fair_value": 9.937353, "relative_strength": -6.029253, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -53.87554, "energy": 49.536369, "activity_lines": [ 9.1118, 9.147182, 9.221757, 9.254056 ] }, { "date": "2023-11-17", "close": 9.23, "volume": 126242, "typical_volume": 72982.25, "trend": 9.263467, "fair_value": 9.933667, "relative_strength": -8.482749, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.929043, "energy": 24.804695, "activity_lines": [ 9.153333, 9.153618, 9.217557, 9.252348 ] }, { "date": "2023-11-24", "close": 9.225, "volume": 18932, "typical_volume": 73393.2, "trend": 9.2705, "fair_value": 9.929199, "relative_strength": -8.059598, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.087186, "energy": 19.246708, "activity_lines": [ 9.196133, 9.160345, 9.213271, 9.249867 ] }, { "date": "2023-12-01", "close": 9.291, "volume": 3711, "typical_volume": 73244.5, "trend": 9.278333, "fair_value": 9.925173, "relative_strength": -8.579507, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.249427, "energy": 16.42479, "activity_lines": [ 9.242067, 9.182836, 9.215352, 9.251189 ] }, { "date": "2023-12-08", "close": 9.293, "volume": 14053, "typical_volume": 69104.35, "trend": 9.2872, "fair_value": 9.921, "relative_strength": -9.604942, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.066969, "energy": 16.191534, "activity_lines": [ 9.2634, 9.206073, 9.218143, 9.252135 ] }, { "date": "2023-12-15", "close": 9.476, "volume": 17419, "typical_volume": 64624.2, "trend": 9.2974, "fair_value": 9.917769, "relative_strength": -7.372453, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.6315, "energy": 30.766932, "activity_lines": [ 9.340333, 9.261036, 9.238533, 9.264316 ] }, { "date": "2023-12-22", "close": 9.376, "volume": 4996, "typical_volume": 61605.85, "trend": 9.3014, "fair_value": 9.914429, "relative_strength": -7.926764, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.836006, "energy": 31.153548, "activity_lines": [ 9.364667, 9.292273, 9.250667, 9.269387 ] }, { "date": "2023-12-29", "close": 9.521, "volume": 13265, "typical_volume": 61930.05, "trend": 9.306367, "fair_value": 9.910744, "relative_strength": -6.154541, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.507384, "energy": 48.247248, "activity_lines": [ 9.4276, 9.348018, 9.277114, 9.283555 ] }, { "date": "2024-01-05", "close": 9.467, "volume": 24002, "typical_volume": 60044.7, "trend": 9.305767, "fair_value": 9.903199, "relative_strength": -6.607927, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.336831, "energy": 53.225963, "activity_lines": [ 9.4528, 9.383418, 9.29719, 9.293918 ] }, { "date": "2024-01-12", "close": 9.398, "volume": 7802, "typical_volume": 38805.7, "trend": 9.300133, "fair_value": 9.894224, "relative_strength": -7.039895, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.429083, "energy": 41.396897, "activity_lines": [ 9.443267, 9.396182, 9.308819, 9.299869 ] }, { "date": "2024-01-19", "close": 9.171, "volume": 210059, "typical_volume": 48612.25, "trend": 9.297667, "fair_value": 9.882577, "relative_strength": -8.353709, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -2.421252, "energy": 9.86131, "activity_lines": [ 9.351067, 9.364291, 9.298148, 9.291538 ] }, { "date": "2024-01-26", "close": 9.409, "volume": 92789, "typical_volume": 52939.25, "trend": 9.3009, "fair_value": 9.87484, "relative_strength": -5.923062, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.059799, "energy": 8.887597, "activity_lines": [ 9.358533, 9.375964, 9.311414, 9.29872 ] }, { "date": "2024-02-02", "close": 9.381, "volume": 158937, "typical_volume": 59359.4, "trend": 9.305533, "fair_value": 9.863026, "relative_strength": -6.955543, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.224441, "energy": 9.753263, "activity_lines": [ 9.354467, 9.379291, 9.321476, 9.303888 ] }, { "date": "2024-02-09", "close": 9.588, "volume": 206961, "typical_volume": 69044.0, "trend": 9.3118, "fair_value": 9.85091, "relative_strength": -6.001518, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.706625, "energy": 31.974055, "activity_lines": [ 9.428733, 9.417418, 9.351495, 9.322112 ] }, { "date": "2024-02-16", "close": 9.762, "volume": 219177, "typical_volume": 78417.85, "trend": 9.326233, "fair_value": 9.840128, "relative_strength": -5.856993, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.543648, "energy": 74.108596, "activity_lines": [ 9.552933, 9.481782, 9.396771, 9.351157 ] }, { "date": "2024-02-23", "close": 9.813, "volume": 278174, "typical_volume": 90187.85, "trend": 9.3286, "fair_value": 9.834622, "relative_strength": -7.944153, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.665077, "energy": 82.744312, "activity_lines": [ 9.669867, 9.546891, 9.444267, 9.382561 ] }, { "date": "2024-03-01", "close": 9.789, "volume": 31139, "typical_volume": 86647.6, "trend": 9.338833, "fair_value": 9.828974, "relative_strength": -8.588626, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.428112, "energy": 83.893376, "activity_lines": [ 9.736, 9.601509, 9.486419, 9.412265 ] }, { "date": "2024-03-08", "close": 9.807, "volume": 39057, "typical_volume": 85785.35, "trend": 9.356967, "fair_value": 9.822429, "relative_strength": -9.466037, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.783242, "energy": 83.007815, "activity_lines": [ 9.7828, 9.651891, 9.527833, 9.442469 ] }, { "date": "2024-03-15", "close": 9.834, "volume": 256437, "typical_volume": 94204.7, "trend": 9.382333, "fair_value": 9.815917, "relative_strength": -10.31464, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.413785, "energy": 80.210283, "activity_lines": [ 9.8102, 9.701982, 9.5677, 9.473245 ] }, { "date": "2024-03-22", "close": 9.935, "volume": 10773, "typical_volume": 87829.8, "trend": 9.405, "fair_value": 9.811397, "relative_strength": -10.11323, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.96774, "energy": 74.053197, "activity_lines": [ 9.854867, 9.763764, 9.612795, 9.508901 ] }, { "date": "2024-03-29", "close": 10.008, "volume": 4120, "typical_volume": 86902.25, "trend": 9.424, "fair_value": 9.805051, "relative_strength": -10.221366, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.439726, "energy": 75.972571, "activity_lines": [ 9.912333, 9.829055, 9.6614, 9.547804 ] }, { "date": "2024-04-05", "close": 10.002, "volume": 45218, "typical_volume": 82851.05, "trend": 9.447533, "fair_value": 9.800141, "relative_strength": -8.09384, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.434012, "energy": 71.390192, "activity_lines": [ 9.9548, 9.878036, 9.705524, 9.585095 ] }, { "date": "2024-04-12", "close": 10.046, "volume": 455749, "typical_volume": 104691.9, "trend": 9.468, "fair_value": 9.794962, "relative_strength": -6.83684, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.717877, "energy": 72.284854, "activity_lines": [ 9.997733, 9.924236, 9.750162, 9.623705 ] }, { "date": "2024-04-19", "close": 9.792, "volume": 43394, "typical_volume": 106676.05, "trend": 9.484, "fair_value": 9.788282, "relative_strength": -9.416604, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.710494, "energy": 53.565457, "activity_lines": [ 9.940067, 9.912164, 9.7667, 9.644609 ] }, { "date": "2024-04-26", "close": 10.1, "volume": 167382, "typical_volume": 114342.5, "trend": 9.513733, "fair_value": 9.784128, "relative_strength": -7.249381, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.947299, "energy": 57.807335, "activity_lines": [ 9.987867, 9.952382, 9.810186, 9.684351 ] }, { "date": "2024-05-03", "close": 10.236, "volume": 277865, "typical_volume": 127364.8, "trend": 9.549233, "fair_value": 9.78041, "relative_strength": -4.109514, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.501849, "energy": 62.378926, "activity_lines": [ 10.07, 10.011182, 9.862781, 9.730948 ] }, { "date": "2024-05-10", "close": 10.278, "volume": 19865, "typical_volume": 128108.25, "trend": 9.5827, "fair_value": 9.779436, "relative_strength": -6.381885, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.600526, "energy": 72.718486, "activity_lines": [ 10.150933, 10.069927, 9.915757, 9.777966 ] }, { "date": "2024-05-17", "close": 10.498, "volume": 4686, "typical_volume": 127679.3, "trend": 9.634567, "fair_value": 9.779551, "relative_strength": -6.173575, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.128868, "energy": 94.434548, "activity_lines": [ 10.2868, 10.159782, 9.98539, 9.837017 ] }, { "date": "2024-05-24", "close": 10.326, "volume": 271831, "typical_volume": 140070.75, "trend": 9.6817, "fair_value": 9.77659, "relative_strength": -5.008954, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.330418, "energy": 85.989234, "activity_lines": [ 10.3352, 10.2058, 10.03399, 9.881626 ] }, { "date": "2024-05-31", "close": 9.973, "volume": 88119, "typical_volume": 144086.6, "trend": 9.707067, "fair_value": 9.770006, "relative_strength": -7.938185, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.548441, "energy": 56.88511, "activity_lines": [ 10.230333, 10.178691, 10.044881, 9.900419 ] }, { "date": "2024-06-07", "close": 10.206, "volume": 21425, "typical_volume": 134654.9, "trend": 9.741033, "fair_value": 9.765083, "relative_strength": -5.928686, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.490005, "energy": 48.680292, "activity_lines": [ 10.2116, 10.193255, 10.075224, 9.932609 ] }, { "date": "2024-06-14", "close": 10.364, "volume": 30312, "typical_volume": 131531.05, "trend": 9.778833, "fair_value": 9.761071, "relative_strength": 1.524675, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.64876, "energy": 46.551928, "activity_lines": [ 10.247533, 10.232945, 10.115686, 9.9728 ] }, { "date": "2024-06-21", "close": 10.516, "volume": 23232, "typical_volume": 124745.8, "trend": 9.821867, "fair_value": 9.756981, "relative_strength": 1.171727, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.322576, "energy": 51.303707, "activity_lines": [ 10.3284, 10.293691, 10.166076, 10.020359 ] }, { "date": "2024-06-28", "close": 10.494, "volume": 10407, "typical_volume": 114918.1, "trend": 9.861967, "fair_value": 9.753276, "relative_strength": 1.51545, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.784136, "energy": 57.847269, "activity_lines": [ 10.400733, 10.341891, 10.208967, 10.063723 ] }, { "date": "2024-07-05", "close": 10.606, "volume": 9673, "typical_volume": 104442.9, "trend": 9.905733, "fair_value": 9.751814, "relative_strength": 0.209001, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.987225, "energy": 79.034389, "activity_lines": [ 10.4992, 10.397691, 10.25821, 10.111725 ] }, { "date": "2024-07-12", "close": 10.76, "volume": 6845, "typical_volume": 90876.45, "trend": 9.948533, "fair_value": 9.750083, "relative_strength": 0.02444, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.46613, "energy": 87.983817, "activity_lines": [ 10.6068, 10.472291, 10.3181, 10.166839 ] }, { "date": "2024-07-19", "close": 10.448, "volume": 30328, "typical_volume": 90835.9, "trend": 9.984267, "fair_value": 9.74825, "relative_strength": -1.730765, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.329836, "energy": 71.333338, "activity_lines": [ 10.573467, 10.480636, 10.343767, 10.199062 ] }, { "date": "2024-07-26", "close": 10.262, "volume": 145189, "typical_volume": 96142.5, "trend": 10.008967, "fair_value": 9.746737, "relative_strength": -2.165058, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.745269, "energy": 46.591047, "activity_lines": [ 10.472533, 10.452073, 10.348581, 10.216981 ] }, { "date": "2024-08-02", "close": 9.999, "volume": 5100, "typical_volume": 83575.65, "trend": 10.0267, "fair_value": 9.742756, "relative_strength": 0.787048, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 14.825128, "energy": 12.927021, "activity_lines": [ 10.300867, 10.379982, 10.326181, 10.216338 ] }, { "date": "2024-08-09", "close": 10.15, "volume": 20182, "typical_volume": 84046.1, "trend": 10.051767, "fair_value": 9.739218, "relative_strength": 3.124754, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 16.256582, "energy": 21.679398, "activity_lines": [ 10.212533, 10.341291, 10.317376, 10.224292 ] }, { "date": "2024-08-16", "close": 10.394, "volume": 7696, "typical_volume": 84224.9, "trend": 10.092533, "fair_value": 9.740551, "relative_strength": 1.6571, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.080389, "energy": 23.746235, "activity_lines": [ 10.235933, 10.343745, 10.330786, 10.246372 ] }, { "date": "2024-08-23", "close": 10.3, "volume": 871, "typical_volume": 82007.55, "trend": 10.122233, "fair_value": 9.739244, "relative_strength": -0.949955, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.133306, "energy": 15.249768, "activity_lines": [ 10.2524, 10.325691, 10.333405, 10.259757 ] }, { "date": "2024-08-30", "close": 10.334, "volume": 13020, "typical_volume": 59871.1, "trend": 10.154, "fair_value": 9.73641, "relative_strength": -2.538727, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.347614, "energy": 8.14257, "activity_lines": [ 10.290067, 10.314982, 10.337843, 10.273419 ] }, { "date": "2024-09-06", "close": 9.963, "volume": 36550, "typical_volume": 59528.9, "trend": 10.1665, "fair_value": 9.731596, "relative_strength": -2.802056, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -8.916758, "energy": 9.303253, "activity_lines": [ 10.199267, 10.240127, 10.305576, 10.261097 ] }, { "date": "2024-09-13", "close": 10.164, "volume": 2077, "typical_volume": 51263.65, "trend": 10.1799, "fair_value": 9.729276, "relative_strength": -1.513987, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.142527, "energy": 15.840392, "activity_lines": [ 10.177867, 10.211473, 10.291638, 10.260935 ] }, { "date": "2024-09-20", "close": 10.364, "volume": 1735, "typical_volume": 37457.15, "trend": 10.198267, "fair_value": 9.728788, "relative_strength": -0.034944, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.041812, "energy": 13.120799, "activity_lines": [ 10.2222, 10.227218, 10.296443, 10.272813 ] }, { "date": "2024-09-27", "close": 11.08, "volume": 16178, "typical_volume": 37272.8, "trend": 10.2413, "fair_value": 9.733058, "relative_strength": 3.946773, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.535986, "energy": 51.115686, "activity_lines": [ 10.5072, 10.380345, 10.368829, 10.329699 ] }, { "date": "2024-10-04", "close": 11.262, "volume": 14038, "typical_volume": 37740.4, "trend": 10.2898, "fair_value": 9.737276, "relative_strength": 9.18006, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.376693, "energy": 79.153872, "activity_lines": [ 10.800867, 10.555073, 10.454729, 10.395551 ] }, { "date": "2024-10-11", "close": 11.184, "volume": 20139, "typical_volume": 25155.8, "trend": 10.3348, "fair_value": 9.739545, "relative_strength": 6.183692, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.121121, "energy": 83.21014, "activity_lines": [ 11.006667, 10.697436, 10.529562, 10.453241 ] }, { "date": "2024-10-18", "close": 11.194, "volume": 29156, "typical_volume": 22207.65, "trend": 10.376767, "fair_value": 9.742096, "relative_strength": 3.631365, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.105249, "energy": 84.982738, "activity_lines": [ 11.1344, 10.820073, 10.601262, 10.508673 ] }, { "date": "2024-10-25", "close": 11.112, "volume": 241163, "typical_volume": 33194.55, "trend": 10.413567, "fair_value": 9.745045, "relative_strength": 4.184488, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.899546, "energy": 83.147358, "activity_lines": [ 11.166133, 10.908818, 10.659338, 10.556108 ] }, { "date": "2024-11-01", "close": 10.95, "volume": 67321, "typical_volume": 35045.0, "trend": 10.445167, "fair_value": 9.746942, "relative_strength": 2.99703, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.816522, "energy": 69.722906, "activity_lines": [ 11.094, 10.955055, 10.697671, 10.590716 ] }, { "date": "2024-11-08", "close": 11.048, "volume": 72762, "typical_volume": 37521.5, "trend": 10.478567, "fair_value": 9.747378, "relative_strength": 6.529156, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.990136, "energy": 51.771559, "activity_lines": [ 11.0632, 11.007291, 10.742548, 10.629609 ] }, { "date": "2024-11-15", "close": 10.82, "volume": 198103, "typical_volume": 46906.3, "trend": 10.512833, "fair_value": 9.746788, "relative_strength": 3.163508, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.626326, "energy": 35.229505, "activity_lines": [ 10.970667, 11.005091, 10.763176, 10.651637 ] }, { "date": "2024-11-22", "close": 11.014, "volume": 59955, "typical_volume": 49420.4, "trend": 10.5433, "fair_value": 9.750981, "relative_strength": 7.095097, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.994135, "energy": 29.833998, "activity_lines": [ 10.967067, 11.022582, 10.800729, 10.68397 ] }, { "date": "2024-11-29", "close": 10.872, "volume": 141973, "typical_volume": 56176.8, "trend": 10.5645, "fair_value": 9.753596, "relative_strength": 5.868531, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.209838, "energy": 25.026268, "activity_lines": [ 10.928133, 10.9988, 10.822814, 10.705176 ] }, { "date": "2024-12-06", "close": 10.966, "volume": 528610, "typical_volume": 81090.9, "trend": 10.587433, "fair_value": 9.755494, "relative_strength": 2.617848, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.793731, "energy": 22.343414, "activity_lines": [ 10.936533, 10.982873, 10.853319, 10.73108 ] }, { "date": "2024-12-13", "close": 11.054, "volume": 34758, "typical_volume": 75569.35, "trend": 10.605967, "fair_value": 9.759147, "relative_strength": 2.997941, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.465663, "energy": 28.684768, "activity_lines": [ 10.9732, 10.985018, 10.889738, 10.761181 ] }, { "date": "2024-12-20", "close": 10.898, "volume": 15127, "typical_volume": 76070.7, "trend": 10.625033, "fair_value": 9.761365, "relative_strength": 4.830792, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.860498, "energy": 22.155165, "activity_lines": [ 10.957467, 10.962582, 10.907529, 10.780022 ] }, { "date": "2024-12-27", "close": 10.912, "volume": 227, "typical_volume": 75072.95, "trend": 10.656333, "fair_value": 9.764058, "relative_strength": 3.714556, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.836573, "energy": 23.544162, "activity_lines": [ 10.9412, 10.947891, 10.922371, 10.798535 ] }, { "date": "2025-01-03", "close": 10.964, "volume": 73679, "typical_volume": 78372.1, "trend": 10.6816, "fair_value": 9.766891, "relative_strength": 4.24274, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.290481, "energy": 27.325444, "activity_lines": [ 10.949067, 10.947782, 10.938538, 10.818385 ] }, { "date": "2025-01-10", "close": 10.756, "volume": 37338, "typical_volume": 80195.45, "trend": 10.694667, "fair_value": 9.767135, "relative_strength": -0.526706, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.382354, "energy": 11.048597, "activity_lines": [ 10.881467, 10.912545, 10.932181, 10.823185 ] }, { "date": "2025-01-17", "close": 10.996, "volume": 13760, "typical_volume": 80232.45, "trend": 10.710667, "fair_value": 9.769096, "relative_strength": -1.612347, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.201939, "energy": 14.603143, "activity_lines": [ 10.907867, 10.924473, 10.94651, 10.842626 ] }, { "date": "2025-01-24", "close": 10.944, "volume": 79824, "typical_volume": 82396.15, "trend": 10.725667, "fair_value": 9.772763, "relative_strength": -1.851012, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.770452, "energy": 13.253078, "activity_lines": [ 10.9208, 10.927891, 10.952733, 10.85768 ] }, { "date": "2025-01-31", "close": 11.14, "volume": 45293, "typical_volume": 84556.95, "trend": 10.743467, "fair_value": 9.777353, "relative_strength": -0.835872, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.05752, "energy": 27.935421, "activity_lines": [ 10.996, 10.964691, 10.972952, 10.884411 ] }, { "date": "2025-02-07", "close": 11.254, "volume": 191920, "typical_volume": 94066.2, "trend": 10.759933, "fair_value": 9.780917, "relative_strength": -1.375027, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 69.988401, "energy": 56.778367, "activity_lines": [ 11.094, 11.019927, 10.999381, 10.917348 ] }, { "date": "2025-02-14", "close": 11.334, "volume": 67128, "typical_volume": 96613.7, "trend": 10.789467, "fair_value": 9.785647, "relative_strength": -3.029571, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.386997, "energy": 72.473223, "activity_lines": [ 11.199333, 11.082764, 11.02919, 10.954385 ] }, { "date": "2025-02-21", "close": 11.552, "volume": 243873, "typical_volume": 108105.45, "trend": 10.832467, "fair_value": 9.793981, "relative_strength": -2.307595, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.44617, "energy": 85.38614, "activity_lines": [ 11.3388, 11.178545, 11.078552, 11.003581 ] }, { "date": "2025-02-28", "close": 11.144, "volume": 9198, "typical_volume": 107558.4, "trend": 10.870633, "fair_value": 9.800237, "relative_strength": -6.276112, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.084126, "energy": 71.064121, "activity_lines": [ 11.3052, 11.191091, 11.087676, 11.02368 ] }, { "date": "2025-03-07", "close": 10.918, "volume": 188733, "typical_volume": 115537.25, "trend": 10.896233, "fair_value": 9.808256, "relative_strength": -7.967827, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.203981, "energy": 33.35057, "activity_lines": [ 11.182933, 11.158073, 11.075467, 11.026735 ] }, { "date": "2025-03-14", "close": 10.936, "volume": 159626, "typical_volume": 111460.4, "trend": 10.9143, "fair_value": 9.813833, "relative_strength": -7.924591, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 23.949222, "energy": 13.300388, "activity_lines": [ 11.081467, 11.128218, 11.066286, 11.029301 ] }, { "date": "2025-03-21", "close": 11.07, "volume": 304870, "typical_volume": 123337.85, "trend": 10.939967, "fair_value": 9.820372, "relative_strength": -7.673162, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.58141, "energy": 21.409015, "activity_lines": [ 11.045867, 11.123236, 11.070705, 11.039346 ] }, { "date": "2025-03-28", "close": 10.872, "volume": 12178, "typical_volume": 120308.65, "trend": 10.9579, "fair_value": 9.824692, "relative_strength": -8.587274, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 8.028888, "energy": 19.603872, "activity_lines": [ 10.961867, 11.076545, 11.055695, 11.034961 ] }, { "date": "2025-04-04", "close": 9.95, "volume": 46357, "typical_volume": 112721.35, "trend": 10.957467, "fair_value": 9.823231, "relative_strength": -6.423635, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -61.736677, "energy": 65.73351, "activity_lines": [ 10.615867, 10.864473, 10.953714, 10.969935 ] }, { "date": "2025-04-11", "close": 9.736, "volume": 36774, "typical_volume": 111562.3, "trend": 10.9432, "fair_value": 9.820808, "relative_strength": -6.698461, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -91.538088, "energy": 89.690244, "activity_lines": [ 10.278133, 10.631564, 10.835495, 10.891131 ] }, { "date": "2025-04-18", "close": 9.966, "volume": 36931, "typical_volume": 106310.2, "trend": 10.929933, "fair_value": 9.822083, "relative_strength": -9.609565, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.145689, "energy": 88.821579, "activity_lines": [ 10.095867, 10.466, 10.745267, 10.828086 ] }, { "date": "2025-04-25", "close": 10.268, "volume": 95950, "typical_volume": 84677.2, "trend": 10.902867, "fair_value": 9.825282, "relative_strength": -10.169113, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.913264, "energy": 83.499087, "activity_lines": [ 10.078933, 10.378764, 10.688114, 10.785381 ] }, { "date": "2025-05-02", "close": 10.706, "volume": 24442, "typical_volume": 84161.4, "trend": 10.884333, "fair_value": 9.832468, "relative_strength": -8.588149, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.974792, "energy": 62.45055, "activity_lines": [ 10.261467, 10.390545, 10.676, 10.77268 ] }, { "date": "2025-05-09", "close": 10.784, "volume": 61867, "typical_volume": 86498.4, "trend": 10.871, "fair_value": 9.840218, "relative_strength": -10.231208, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.462458, "energy": 28.297905, "activity_lines": [ 10.481067, 10.431891, 10.672971, 10.766206 ] }, { "date": "2025-05-16", "close": 11.204, "volume": 37586, "typical_volume": 88366.35, "trend": 10.871333, "fair_value": 9.850474, "relative_strength": -9.565522, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -3.658727, "energy": 18.969016, "activity_lines": [ 10.785067, 10.556145, 10.710486, 10.78769 ] }, { "date": "2025-05-23", "close": 11.0, "volume": 27755, "typical_volume": 86070.15, "trend": 10.8676, "fair_value": 9.85991, "relative_strength": -8.436049, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 7.903762, "energy": 27.145258, "activity_lines": [ 10.9232, 10.638109, 10.727181, 10.795991 ] }, { "date": "2025-05-30", "close": 10.848, "volume": 34612, "typical_volume": 85933.85, "trend": 10.8642, "fair_value": 9.866987, "relative_strength": -10.975639, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 5.84377, "energy": 25.099406, "activity_lines": [ 10.941733, 10.691273, 10.729229, 10.794727 ] }, { "date": "2025-06-06", "close": 11.124, "volume": 112784, "typical_volume": 90885.05, "trend": 10.866733, "fair_value": 9.875801, "relative_strength": -9.75161, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.557351, "energy": 31.48553, "activity_lines": [ 11.0136, 10.798655, 10.757124, 10.811488 ] }, { "date": "2025-06-13", "close": 11.066, "volume": 145576, "typical_volume": 94172.65, "trend": 10.874933, "fair_value": 9.885987, "relative_strength": -7.359389, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.187155, "energy": 28.603791, "activity_lines": [ 11.038267, 10.890909, 10.778886, 10.824344 ] }, { "date": "2025-06-20", "close": 11.01, "volume": 68279, "typical_volume": 95321.95, "trend": 10.8748, "fair_value": 9.895179, "relative_strength": -7.132751, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.25258, "energy": 20.837859, "activity_lines": [ 11.025467, 10.952691, 10.794733, 10.833058 ] }, { "date": "2025-06-27", "close": 11.26, "volume": 28465, "typical_volume": 87149.2, "trend": 10.887733, "fair_value": 9.906436, "relative_strength": -6.046775, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.909566, "energy": 29.626058, "activity_lines": [ 11.108933, 11.036764, 10.83501, 10.85791 ] }, { "date": "2025-07-04", "close": 11.226, "volume": 33363, "typical_volume": 85460.95, "trend": 10.8964, "fair_value": 9.915372, "relative_strength": -5.874368, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.432227, "energy": 38.089378, "activity_lines": [ 11.163733, 11.091127, 10.872019, 10.879733 ] }, { "date": "2025-07-11", "close": 11.294, "volume": 25277, "typical_volume": 74531.15, "trend": 10.9044, "fair_value": 9.92691, "relative_strength": -6.205754, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.943738, "energy": 62.432061, "activity_lines": [ 11.216, 11.140436, 10.916019, 10.905385 ] }, { "date": "2025-07-18", "close": 11.566, "volume": 39004, "typical_volume": 76021.45, "trend": 10.926667, "fair_value": 9.939321, "relative_strength": -4.391554, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.650102, "energy": 78.004815, "activity_lines": [ 11.3476, 11.228509, 10.987152, 10.948069 ] }, { "date": "2025-07-25", "close": 11.52, "volume": 117841, "typical_volume": 72476.85, "trend": 10.946933, "fair_value": 9.951212, "relative_strength": -5.615033, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.971131, "energy": 79.083144, "activity_lines": [ 11.430533, 11.294, 11.051895, 10.986348 ] }, { "date": "2025-08-01", "close": 11.41, "volume": 32443, "typical_volume": 66117.7, "trend": 10.9618, "fair_value": 9.961769, "relative_strength": -4.520591, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.045657, "energy": 75.617681, "activity_lines": [ 11.4428, 11.333745, 11.103295, 11.016224 ] }, { "date": "2025-08-08", "close": 11.6, "volume": 141256, "typical_volume": 57937.0, "trend": 10.989933, "fair_value": 9.972769, "relative_strength": -6.606648, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.517058, "energy": 78.309512, "activity_lines": [ 11.5084, 11.400582, 11.170533, 11.057398 ] }, { "date": "2025-08-15", "close": 11.712, "volume": 34730, "typical_volume": 59064.6, "trend": 11.0138, "fair_value": 9.984763, "relative_strength": -7.744131, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.414098, "energy": 81.316128, "activity_lines": [ 11.5864, 11.474109, 11.245914, 11.103983 ] }, { "date": "2025-08-22", "close": 11.816, "volume": 62697, "typical_volume": 59881.6, "trend": 11.042867, "fair_value": 9.996513, "relative_strength": -8.137227, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.443473, "energy": 82.159058, "activity_lines": [ 11.6712, 11.555855, 11.3272, 11.155738 ] }, { "date": "2025-08-29", "close": 11.592, "volume": 159321, "typical_volume": 66008.95, "trend": 11.057933, "fair_value": 10.008641, "relative_strength": -7.343903, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.403682, "energy": 71.236097, "activity_lines": [ 11.664667, 11.583236, 11.378267, 11.191166 ] }, { "date": "2025-09-05", "close": 11.704, "volume": 177469, "typical_volume": 73035.85, "trend": 11.072933, "fair_value": 10.021776, "relative_strength": -5.015858, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.65933, "energy": 71.570798, "activity_lines": [ 11.690667, 11.6204, 11.431162, 11.232847 ] }, { "date": "2025-09-12", "close": 12.154, "volume": 94664, "typical_volume": 72971.55, "trend": 11.100267, "fair_value": 10.037795, "relative_strength": -3.475642, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.655292, "energy": 84.128909, "activity_lines": [ 11.847067, 11.731309, 11.518638, 11.302594 ] }, { "date": "2025-09-19", "close": 12.306, "volume": 43599, "typical_volume": 73929.4, "trend": 11.1254, "fair_value": 10.057615, "relative_strength": -1.578584, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.038311, "energy": 91.2269, "activity_lines": [ 12.0172, 11.852982, 11.61161, 11.380383 ] }, { "date": "2025-09-26", "close": 12.236, "volume": 159765, "typical_volume": 78824.3, "trend": 11.1618, "fair_value": 10.078846, "relative_strength": -2.701367, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.443984, "energy": 91.245009, "activity_lines": [ 12.1244, 11.943527, 11.690295, 11.452034 ] }, { "date": "2025-10-03", "close": 12.602, "volume": 160680, "typical_volume": 84979.0, "trend": 11.217933, "fair_value": 10.101321, "relative_strength": -0.924971, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.130736, "energy": 95.780959, "activity_lines": [ 12.3256, 12.088436, 11.796924, 11.544951 ] }, { "date": "2025-10-10", "close": 12.34, "volume": 46031, "typical_volume": 85892.8, "trend": 11.264733, "fair_value": 10.124006, "relative_strength": 0.019685, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.89779, "energy": 84.015499, "activity_lines": [ 12.372133, 12.166036, 11.871943, 11.617342 ] }, { "date": "2025-10-17", "close": 12.622, "volume": 112437, "typical_volume": 89784.05, "trend": 11.316467, "fair_value": 10.148199, "relative_strength": 3.122052, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.243238, "energy": 74.19787, "activity_lines": [ 12.470267, 12.278, 11.967438, 11.704908 ] }, { "date": "2025-10-24", "close": 15.0144, "volume": 88030, "typical_volume": 88546.35, "trend": 11.454547, "fair_value": 10.189842, "relative_strength": 20.29604, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 98.108366, "energy": 84.23421, "activity_lines": [ 13.334667, 12.806364, 12.282333, 11.943484 ] }, { "date": "2025-10-31", "close": 13.02, "volume": 207661, "typical_volume": 91650.6, "trend": 11.55688, "fair_value": 10.215579, "relative_strength": 2.750143, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.847035, "energy": 65.886934, "activity_lines": [ 13.353707, 12.912065, 12.38876, 12.044481 ] }, { "date": "2025-11-07", "close": 12.676, "volume": 380848, "typical_volume": 107279.05, "trend": 11.65488, "fair_value": 10.238304, "relative_strength": 0.841539, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.677271, "energy": 60.510544, "activity_lines": [ 13.205813, 12.933331, 12.45312, 12.116682 ] }, { "date": "2025-11-14", "close": 12.946, "volume": 330430, "typical_volume": 122377.3, "trend": 11.754213, "fair_value": 10.262919, "relative_strength": 0.614862, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.32748, "energy": 56.039629, "activity_lines": [ 13.142987, 12.983978, 12.535261, 12.19998 ] }, { "date": "2025-11-21", "close": 12.484, "volume": 41985, "typical_volume": 122808.4, "trend": 11.82808, "fair_value": 10.285079, "relative_strength": 0.294561, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.91625, "energy": 27.197746, "activity_lines": [ 12.88576, 12.928044, 12.565373, 12.247063 ] }, { "date": "2025-11-28", "close": 12.758, "volume": 95739, "typical_volume": 126331.5, "trend": 11.89648, "fair_value": 10.306938, "relative_strength": 1.060069, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.329073, "energy": 22.693445, "activity_lines": [ 12.729067, 12.915927, 12.61559, 12.307058 ] }, { "date": "2025-12-05", "close": 12.864, "volume": 273403, "typical_volume": 138051.45, "trend": 11.965813, "fair_value": 10.330086, "relative_strength": 1.851845, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.922982, "energy": 19.753173, "activity_lines": [ 12.758133, 12.914865, 12.668931, 12.369479 ] }, { "date": "2025-12-12", "close": 12.636, "volume": 148152, "typical_volume": 139567.0, "trend": 12.013547, "fair_value": 10.353297, "relative_strength": 0.035342, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.391849, "energy": 19.774365, "activity_lines": [ 12.7216, 12.860931, 12.694377, 12.412717 ] }, { "date": "2025-12-19", "close": 12.766, "volume": 543867, "typical_volume": 165138.2, "trend": 12.072413, "fair_value": 10.377374, "relative_strength": -1.499581, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.772431, "energy": 18.049191, "activity_lines": [ 12.731067, 12.830015, 12.72689, 12.461262 ] }, { "date": "2025-12-26", "close": 12.764, "volume": 1570593, "typical_volume": 236605.05, "trend": 12.13628, "fair_value": 10.401772, "relative_strength": -0.962702, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.340126, "energy": 18.141838, "activity_lines": [ 12.751867, 12.790989, 12.752754, 12.50588 ] }, { "date": "2026-01-02", "close": 13.24, "volume": 611740, "typical_volume": 265455.55, "trend": 12.206813, "fair_value": 10.425881, "relative_strength": 1.192532, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.379233, "energy": 29.456761, "activity_lines": [ 12.912667, 12.835927, 12.81841, 12.577088 ] }, { "date": "2026-01-09", "close": 13.556, "volume": 665815, "typical_volume": 295611.45, "trend": 12.289813, "fair_value": 10.451336, "relative_strength": 2.89462, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 65.58696, "energy": 42.857269, "activity_lines": [ 13.146667, 12.970582, 12.906884, 12.664132 ] }, { "date": "2026-01-16", "close": 13.81, "volume": 331271, "typical_volume": 304208.95, "trend": 12.383147, "fair_value": 10.478272, "relative_strength": 4.648767, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.009783, "energy": 65.395674, "activity_lines": [ 13.4192, 13.141673, 13.011263, 12.762209 ] }, { "date": "2026-01-23", "close": 13.846, "volume": 391887, "typical_volume": 314929.85, "trend": 12.469347, "fair_value": 10.503823, "relative_strength": 7.14031, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.537897, "energy": 81.744435, "activity_lines": [ 13.625467, 13.298691, 13.108509, 12.856587 ] }, { "date": "2026-01-30", "close": 13.88, "volume": 453740, "typical_volume": 332883.65, "trend": 12.557813, "fair_value": 10.531054, "relative_strength": 5.767809, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.172335, "energy": 90.298941, "activity_lines": [ 13.771067, 13.445527, 13.198792, 12.947597 ] }, { "date": "2026-02-06", "close": 14.004, "volume": 433318, "typical_volume": 352369.6, "trend": 12.648147, "fair_value": 10.559483, "relative_strength": 5.887648, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.154075, "energy": 90.738319, "activity_lines": [ 13.8836, 13.589527, 13.292667, 13.040899 ] }, { "date": "2026-02-13", "close": 14.232, "volume": 818222, "typical_volume": 385292.45, "trend": 12.737013, "fair_value": 10.590329, "relative_strength": 8.560643, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.189586, "energy": 92.004371, "activity_lines": [ 14.0212, 13.752327, 13.40017, 13.143083 ] }, { "date": "2026-02-20", "close": 14.622, "volume": 928917, "typical_volume": 423704.3, "trend": 12.840413, "fair_value": 10.624958, "relative_strength": 8.933343, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.185811, "energy": 95.003738, "activity_lines": [ 14.243733, 13.961164, 13.53531, 13.264695 ] }, { "date": "2026-02-27", "close": 14.744, "volume": 280798, "typical_volume": 435442.65, "trend": 12.951547, "fair_value": 10.658836, "relative_strength": 7.954881, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.344012, "energy": 90.304422, "activity_lines": [ 14.4528, 14.156073, 13.672451, 13.387507 ] }, { "date": "2026-03-06", "close": 13.802, "volume": 1046543, "typical_volume": 482147.95, "trend": 13.024947, "fair_value": 10.688028, "relative_strength": 7.844002, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.346652, "energy": 62.097409, "activity_lines": [ 14.288, 14.143745, 13.70843, 13.442375 ] }, { "date": "2026-03-13", "close": 13.874, "volume": 414274, "typical_volume": 498460.15, "trend": 13.097013, "fair_value": 10.719291, "relative_strength": 7.787366, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.816401, "energy": 50.71692, "activity_lines": [ 14.1524, 14.125636, 13.745648, 13.497153 ] }, { "date": "2026-03-20", "close": 13.52, "volume": 351080, "typical_volume": 505631.1, "trend": 13.153813, "fair_value": 10.747208, "relative_strength": 8.426237, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.703731, "energy": 26.417891, "activity_lines": [ 13.907467, 14.031636, 13.754581, 13.524442 ] }, { "date": "2026-03-27", "close": 13.392, "volume": 630163, "typical_volume": 518096.85, "trend": 13.213813, "fair_value": 10.773624, "relative_strength": 5.871336, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.237553, "energy": 23.51774, "activity_lines": [ 13.667333, 13.915018, 13.748943, 13.539809 ] }, { "date": "2026-04-03", "close": 13.626, "volume": 274402, "typical_volume": 515295.45, "trend": 13.27788, "fair_value": 10.802329, "relative_strength": 2.340876, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.355364, "energy": 22.883568, "activity_lines": [ 13.5872, 13.848545, 13.762181, 13.566402 ] }, { "date": "2026-04-10", "close": 14.406, "volume": 280164, "typical_volume": 527204.4, "trend": 13.352947, "fair_value": 10.835855, "relative_strength": 3.577826, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.493149, "energy": 23.620762, "activity_lines": [ 13.8416, 13.927891, 13.846467, 13.639184 ] }, { "date": "2026-04-17", "close": 15.098, "volume": 256445, "typical_volume": 535239.7, "trend": 13.446013, "fair_value": 10.874817, "relative_strength": 5.532358, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.963027, "energy": 43.680276, "activity_lines": [ 14.2864, 14.123491, 13.987505, 13.751768 ] }, { "date": "2026-04-24", "close": 15.124, "volume": 491125, "typical_volume": 546125.8, "trend": 13.54228, "fair_value": 10.913983, "relative_strength": 8.103554, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.590233, "energy": 73.475783, "activity_lines": [ 14.658267, 14.303927, 14.119876, 13.860025 ] }, { "date": "2026-05-01", "close": 15.072, "volume": 218333, "typical_volume": 549634.85, "trend": 13.624613, "fair_value": 10.952547, "relative_strength": 6.184364, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.881612, "energy": 79.350782, "activity_lines": [ 14.905867, 14.458691, 14.236533, 13.958717 ] }, { "date": "2026-05-08", "close": 16.054001, "volume": 553228, "typical_volume": 550102.9, "trend": 13.748413, "fair_value": 10.997592, "relative_strength": 10.333582, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.430861, "energy": 90.636902, "activity_lines": [ 15.3688, 14.783818, 14.435114, 14.115451 ] }, { "date": "2026-05-15", "close": 15.686, "volume": 506483, "typical_volume": 496897.4, "trend": 13.850547, "fair_value": 11.039362, "relative_strength": 7.878635, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.153267, "energy": 85.707454, "activity_lines": [ 15.5472, 15.018218, 14.582991, 14.240457 ] }, { "date": "2026-05-22", "close": 15.9, "volume": 267635, "typical_volume": 479692.15, "trend": 13.880067, "fair_value": 11.081951, "relative_strength": 8.179452, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.798392, "energy": 84.799331, "activity_lines": [ 15.7116, 15.257273, 14.737333, 14.37268 ] }, { "date": "2026-05-29", "close": 16.427999, "volume": 200823, "typical_volume": 456442.55, "trend": 13.993667, "fair_value": 11.127182, "relative_strength": 10.184955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.691779, "energy": 88.352127, "activity_lines": [ 15.998533, 15.555491, 14.929295, 14.537062 ] }, { "date": "2026-06-05", "close": 15.948, "volume": 32493, "typical_volume": 441503.65, "trend": 14.102733, "fair_value": 11.168612, "relative_strength": 6.959008, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.639584, "energy": 73.492434, "activity_lines": [ 16.038533, 15.713564, 15.061867, 14.663148 ] }, { "date": "2026-06-12", "close": 16.384001, "volume": 9503, "typical_volume": 422384.45, "trend": 14.217333, "fair_value": 11.21231, "relative_strength": 6.203816, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.119383, "energy": 75.382852, "activity_lines": [ 16.165467, 15.904436, 15.225781, 14.810327 ] }, { "date": "2026-06-19", "close": 17.091999, "volume": 38968, "typical_volume": 401645.85, "trend": 14.370933, "fair_value": 11.262612, "relative_strength": 7.663253, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.867093, "energy": 88.187682, "activity_lines": [ 16.5064, 16.173891, 15.445038, 14.995789 ] }, { "date": "2026-06-26", "close": 16.558001, "volume": 19900, "typical_volume": 380974.95, "trend": 14.4976, "fair_value": 11.30906, "relative_strength": 7.24994, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.255845, "energy": 70.723072, "activity_lines": [ 16.5756, 16.297418, 15.598143, 15.13689 ] }, { "date": "2026-07-03", "close": 16.598, "volume": 17788, "typical_volume": 340953.25, "trend": 14.622067, "fair_value": 11.356214, "relative_strength": 4.140385, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.083989, "energy": 69.531161, "activity_lines": [ 16.614267, 16.401673, 15.742895, 15.2724 ] }, { "date": "2026-07-10", "close": 16.426001, "volume": 110828, "typical_volume": 300048.8, "trend": 14.7484, "fair_value": 11.401253, "relative_strength": 3.262725, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.925479, "energy": 60.243553, "activity_lines": [ 16.584267, 16.447855, 15.86, 15.388783 ] }, { "date": "2026-07-17", "close": 15.486, "volume": 219517, "typical_volume": 296984.75, "trend": 14.839067, "fair_value": 11.440721, "relative_strength": -1.345699, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.629407, "energy": 36.838026, "activity_lines": [ 16.209067, 16.298509, 15.878991, 15.43637 ] }, { "date": "2026-07-24", "close": 15.756, "volume": 518299, "typical_volume": 270572.55, "trend": 14.9388, "fair_value": 11.479272, "relative_strength": 0.393493, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.559587, "energy": 23.051231, "activity_lines": [ 15.983734, 16.208582, 15.920162, 15.495527 ] }, { "date": "2026-07-31", "close": 15.596, "volume": 711069, "typical_volume": 285412.3, "trend": 15.017333, "fair_value": 11.518464, "relative_strength": -1.415681, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.649184, "energy": 24.245362, "activity_lines": [ 15.794133, 16.088291, 15.936791, 15.537927 ] }, { "date": "2026-08-07", "close": 15.924, "volume": 277424, "typical_volume": 281729.5, "trend": 15.096267, "fair_value": 11.561163, "relative_strength": -2.345554, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.533865, "energy": 24.464359, "activity_lines": [ 15.778, 16.033164, 15.976457, 15.596422 ] } ], "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." } } }