{ "ticker": { "uuid": "17d25403-9c07-4856-bca8-824c4b95e0a4", "symbol": "BS29", "name": "Invesco BulltShares 29 USD Crp", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 56.937, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 47.588, "architecture_energy": 45.713, "architecture_maturity": 47.076, "architecture_confidence": 60.309, "architecture_tenure": "Developing", "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": 40.2, "rotation_up": 42.36, "upward_expansion": 62.15, "deceleration": 73.84, "rotation_down": 20.77, "downward_expansion": 19.15 }, "activity_lines": [ 4.525, 4.525275, 4.513706, 4.513489 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 4.525, "trend_reference": 4.5106, "distance_from_trend": 0.003192, "trend_direction": "Improving", "fair_value": 4.502374, "distance_from_fair_value": 0.005025, "fair_value_direction": "Improving", "relative_strength": -13.810528, "relative_strength_direction": "Weakening", "price_momentum": 0.008979, "excess_performance": -0.161913, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.003192, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.003342, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.005025, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.011019, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.138105, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.017147, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.008979, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.0, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 5.0, "dry_up": 0.0, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.001642, "annualized_volatility": 0.043414, "from_high_reference": -0.014912, "from_low_reference": 0.042174 }, "levels": { "trend_reference": 4.5106, "fair_value_reference": 4.502374, "structural_low": 4.450144, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 5, "median_return": 0.0, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.035308, "regime_survival": 0.4, "best_return": 0.011789, "worst_return": -0.026038, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.007242, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.132683, "regime_survival": 0.0, "best_return": -0.00447, "worst_return": -0.010014, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.005118, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.159187, "regime_survival": 0.0, "best_return": -0.005118, "worst_return": -0.005118, "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": "2025-11-28", "end": "2025-12-19", "tenure": "New", "return": -0.014641, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-26", "end": "2026-01-30", "tenure": "Developing", "return": 0.007325, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-06", "end": "2026-02-13", "tenure": "New", "return": -0.006831, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-20", "end": "2026-03-06", "tenure": "New", "return": 0.011901, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-13", "end": "2026-04-17", "tenure": "Developing", "return": -0.026038, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-15", "end": "2026-05-29", "tenure": "New", "return": 0.00475, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-05", "end": "2026-06-12", "tenure": "New", "return": 0.011647, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-19", "end": "2026-06-26", "tenure": "New", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2024-05-24", "close": 4.682547, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 4.328044, "volume": 103811, "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": 4.331722, "volume": 7819, "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": 4.331722, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 4.331722, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 4.331722, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 4.408065, "volume": 1104, "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": 4.414963, "volume": 14400, "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": 4.393808, "volume": 4963, "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": 4.424621, "volume": 9696, "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": 4.455434, "volume": 4372, "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": 4.445315, "volume": 24206, "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": 4.438877, "volume": 3285, "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": 4.399327, "volume": 13220, "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": 4.399327, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 4.47199, "volume": 1099, "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": 4.482458, "volume": 15352, "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": 4.482458, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 4.440992, "volume": 2192, "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": 4.493174, "volume": 5474, "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": 4.493174, "volume": 1090, "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": 4.541161, "volume": 7584, "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": 4.531378, "volume": 200, "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": 4.531378, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 4.487117, "volume": 2182, "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": 4.611513, "volume": 6494, "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": 4.688853, "volume": 1552, "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": 4.663694, "volume": 11103, "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": 4.684194, "volume": 18045, "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": 4.680271, "volume": 2100, "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": 4.695361, "volume": 2000, "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": 4.685458, "volume": 1059, "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": 4.774112, "volume": 3156, "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": 4.774112, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 4.75242, "volume": 24179, "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": 4.707622, "volume": 1040, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 4.741102, "volume": 31985, "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": 4.756193, "volume": 11755, "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": 4.699133, "volume": 3149, "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": 4.710922, "volume": 400, "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": 4.710922, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 4.588315, "volume": 62338, "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": 4.566371, "volume": 37787, "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": 4.614584, "volume": 4498, "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": 4.614584, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 4.618403, "volume": 1081, "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": 4.447033, "volume": 27498, "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": 4.377816, "volume": 17600, "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": 4.410754, "volume": 2281, "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": 4.417437, "volume": 3395, "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": 4.417437, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 4.502883, "volume": 22, "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": 4.502883, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 4.445601, "volume": 1131, "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": 4.445601, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 4.497384, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 4.392591, "volume": 1152, "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": 4.353476, "volume": 1166, "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": 4.353476, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 4.363133, "volume": 2338, "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": 4.383899, "volume": 1156, "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": 4.341885, "volume": 1169, "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": 4.341885, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 4.341885, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 4.40901, "volume": 4025, "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": 4.40901, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 4.434605, "volume": 1753, "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": 4.432673, "volume": 1140, "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": 4.484074, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 4.484074, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 4.437177, "volume": 1154, "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": 4.429848, "volume": 55098, "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": 4.429848, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 4.49824, "volume": 1138, "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": 4.484562, "volume": 3435, "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": 4.484562, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 4.523643, "volume": 15, "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": 4.480165, "volume": 1138, "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": 4.480165, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 4.51827, "volume": 1132, "typical_volume": 3617.65, "trend": 4.436798, "fair_value": 4.502095, "relative_strength": -9.919714, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.365644, "energy": 69.717218, "activity_lines": [ 4.498957, 4.489465, 4.46784, 4.449153 ] }, { "date": "2025-12-05", "close": 4.51827, "volume": 0, "typical_volume": 3559.85, "trend": 4.440159, "fair_value": 4.502295, "relative_strength": -9.615048, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.27006, "energy": 65.068122, "activity_lines": [ 4.505927, 4.497032, 4.475154, 4.45441 ] }, { "date": "2025-12-12", "close": 4.462991, "volume": 1147, "typical_volume": 3558.75, "trend": 4.43883, "fair_value": 4.501816, "relative_strength": -10.414306, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.312924, "energy": 42.82027, "activity_lines": [ 4.492223, 4.493075, 4.476563, 4.455883 ] }, { "date": "2025-12-19", "close": 4.45212, "volume": 1164, "typical_volume": 3616.95, "trend": 4.437137, "fair_value": 4.501217, "relative_strength": -12.53482, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.495789, "energy": 29.155421, "activity_lines": [ 4.478939, 4.486538, 4.47636, 4.45674 ] }, { "date": "2025-12-26", "close": 4.45212, "volume": 0, "typical_volume": 3616.95, "trend": 4.437355, "fair_value": 4.500632, "relative_strength": -11.68093, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.718905, "energy": 23.666634, "activity_lines": [ 4.467524, 4.479597, 4.475633, 4.457707 ] }, { "date": "2026-01-02", "close": 4.45212, "volume": 0, "typical_volume": 3415.7, "trend": 4.437572, "fair_value": 4.500062, "relative_strength": -12.552319, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.579464, "energy": 24.417786, "activity_lines": [ 4.457979, 4.473494, 4.47438, 4.458659 ] }, { "date": "2026-01-09", "close": 4.45212, "volume": 0, "typical_volume": 3415.7, "trend": 4.436063, "fair_value": 4.499504, "relative_strength": -12.633122, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.676015, "energy": 24.88349, "activity_lines": [ 4.452845, 4.46798, 4.472923, 4.459598 ] }, { "date": "2026-01-16", "close": 4.52624, "volume": 1151, "typical_volume": 3385.6, "trend": 4.440518, "fair_value": 4.499812, "relative_strength": -10.840214, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.787696, "energy": 24.795826, "activity_lines": [ 4.476827, 4.476533, 4.478319, 4.465416 ] }, { "date": "2026-01-23", "close": 4.484733, "volume": 7702, "typical_volume": 3713.7, "trend": 4.444893, "fair_value": 4.49964, "relative_strength": -9.278066, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.78561, "energy": 25.643344, "activity_lines": [ 4.482756, 4.477493, 4.479325, 4.468268 ] }, { "date": "2026-01-30", "close": 4.484733, "volume": 0, "typical_volume": 3713.7, "trend": 4.449269, "fair_value": 4.499473, "relative_strength": -10.169711, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.409062, "energy": 32.885691, "activity_lines": [ 4.486512, 4.478369, 4.480084, 4.470839 ] }, { "date": "2026-02-06", "close": 4.484733, "volume": 0, "typical_volume": 3713.7, "trend": 4.453322, "fair_value": 4.499309, "relative_strength": -10.374142, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.411077, "energy": 39.511476, "activity_lines": [ 4.488093, 4.479162, 4.480839, 4.473127 ] }, { "date": "2026-02-13", "close": 4.454097, "volume": 1168, "typical_volume": 3714.4, "trend": 4.455662, "fair_value": 4.498812, "relative_strength": -9.703504, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 9.309764, "energy": 8.227686, "activity_lines": [ 4.477288, 4.474994, 4.478674, 4.473177 ] }, { "date": "2026-02-20", "close": 4.484239, "volume": 1159, "typical_volume": 1017.45, "trend": 4.460407, "fair_value": 4.498654, "relative_strength": -10.717663, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.768619, "energy": 10.797709, "activity_lines": [ 4.476399, 4.477474, 4.479299, 4.47502 ] }, { "date": "2026-02-27", "close": 4.498075, "volume": 1153, "typical_volume": 1075.1, "trend": 4.465613, "fair_value": 4.498647, "relative_strength": -11.421129, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.031176, "energy": 25.8536, "activity_lines": [ 4.482921, 4.482083, 4.480982, 4.47745 ] }, { "date": "2026-03-06", "close": 4.537605, "volume": 6965, "typical_volume": 1366.45, "trend": 4.472137, "fair_value": 4.499062, "relative_strength": -4.177606, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 78.769765, "energy": 52.929417, "activity_lines": [ 4.501731, 4.493043, 4.486106, 4.482095 ] }, { "date": "2026-03-13", "close": 4.5935, "volume": 41, "typical_volume": 1196.75, "trend": 4.478287, "fair_value": 4.500056, "relative_strength": -3.106835, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.314254, "energy": 93.380655, "activity_lines": [ 4.535648, 4.512613, 4.496365, 4.489925 ] }, { "date": "2026-03-20", "close": 4.5745, "volume": 1148, "typical_volume": 1254.15, "trend": 4.483803, "fair_value": 4.500831, "relative_strength": 0.02245, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.519219, "energy": 93.659595, "activity_lines": [ 4.55598, 4.526157, 4.504296, 4.496132 ] }, { "date": "2026-03-27", "close": 4.5745, "volume": 0, "typical_volume": 1253.4, "trend": 4.488467, "fair_value": 4.501591, "relative_strength": -0.974286, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.925565, "energy": 91.244498, "activity_lines": [ 4.568286, 4.537476, 4.511798, 4.501984 ] }, { "date": "2026-04-03", "close": 4.566, "volume": 1154, "typical_volume": 1254.2, "trend": 4.492911, "fair_value": 4.502248, "relative_strength": -5.456939, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.228358, "energy": 88.343994, "activity_lines": [ 4.57174, 4.546372, 4.518249, 4.506986 ] }, { "date": "2026-04-10", "close": 4.473895, "volume": 105780, "typical_volume": 6543.2, "trend": 4.492571, "fair_value": 4.501962, "relative_strength": -10.628315, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.709293, "energy": 36.828706, "activity_lines": [ 4.539965, 4.537044, 4.51552, 4.505759 ] }, { "date": "2026-04-17", "close": 4.473895, "volume": 0, "typical_volume": 6486.6, "trend": 4.492232, "fair_value": 4.501681, "relative_strength": -12.450235, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 9.696614, "energy": 18.722439, "activity_lines": [ 4.512437, 4.527913, 4.51282, 4.504554 ] }, { "date": "2026-04-24", "close": 4.473895, "volume": 0, "typical_volume": 6486.6, "trend": 4.493456, "fair_value": 4.501406, "relative_strength": -9.820128, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.277087, "energy": 39.184255, "activity_lines": [ 4.492883, 4.518979, 4.510331, 4.503371 ] }, { "date": "2026-05-01", "close": 4.473895, "volume": 0, "typical_volume": 6429.25, "trend": 4.494924, "fair_value": 4.501136, "relative_strength": -10.550774, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.556524, "energy": 42.946289, "activity_lines": [ 4.480035, 4.509686, 4.508054, 4.502109 ] }, { "date": "2026-05-08", "close": 4.473895, "volume": 0, "typical_volume": 6371.05, "trend": 4.496393, "fair_value": 4.500872, "relative_strength": -12.095828, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.61024, "energy": 56.959998, "activity_lines": [ 4.473895, 4.50058, 4.505725, 4.500752 ] }, { "date": "2026-05-15", "close": 4.473895, "volume": 0, "typical_volume": 6371.05, "trend": 4.495581, "fair_value": 4.500612, "relative_strength": -11.460103, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.595801, "energy": 61.687584, "activity_lines": [ 4.473895, 4.491914, 4.503292, 4.499301 ] }, { "date": "2026-05-22", "close": 4.473895, "volume": 0, "typical_volume": 6371.05, "trend": 4.495226, "fair_value": 4.500358, "relative_strength": -11.775501, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.637247, "energy": 56.893582, "activity_lines": [ 4.473895, 4.484406, 4.500756, 4.497902 ] }, { "date": "2026-05-29", "close": 4.495147, "volume": 2312, "typical_volume": 6486.65, "trend": 4.495578, "fair_value": 4.500309, "relative_strength": -11.940009, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.512482, "energy": 31.61675, "activity_lines": [ 4.480979, 4.482937, 4.50014, 4.497897 ] }, { "date": "2026-06-05", "close": 4.495147, "volume": 0, "typical_volume": 6429.1, "trend": 4.494629, "fair_value": 4.500261, "relative_strength": -11.361762, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -7.583729, "energy": 19.81094, "activity_lines": [ 4.486646, 4.482911, 4.499318, 4.497869 ] }, { "date": "2026-06-12", "close": 4.5475, "volume": 0, "typical_volume": 6044.0, "trend": 4.496873, "fair_value": 4.500698, "relative_strength": -12.697486, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 45.961238, "energy": 41.748887, "activity_lines": [ 4.508348, 4.493847, 4.503631, 4.50128 ] }, { "date": "2026-06-19", "close": 4.525, "volume": 0, "typical_volume": 6044.0, "trend": 4.498367, "fair_value": 4.500921, "relative_strength": -14.925655, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 58.127804, "energy": 53.036862, "activity_lines": [ 4.517642, 4.501027, 4.505503, 4.503094 ] }, { "date": "2026-06-26", "close": 4.525, "volume": 0, "typical_volume": 6044.0, "trend": 4.498592, "fair_value": 4.50114, "relative_strength": -11.938991, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 63.323523, "energy": 65.202609, "activity_lines": [ 4.523529, 4.507279, 4.507182, 4.504813 ] }, { "date": "2026-07-03", "close": 4.525, "volume": 0, "typical_volume": 5985.6, "trend": 4.498816, "fair_value": 4.501355, "relative_strength": -14.131078, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.530671, "energy": 67.959542, "activity_lines": [ 4.52601, 4.512601, 4.50867, 4.506516 ] }, { "date": "2026-07-10", "close": 4.525, "volume": 0, "typical_volume": 5927.65, "trend": 4.500883, "fair_value": 4.501566, "relative_strength": -13.414943, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.468575, "energy": 87.350844, "activity_lines": [ 4.5265, 4.516994, 4.50982, 4.508206 ] }, { "date": "2026-07-17", "close": 4.525, "volume": 0, "typical_volume": 5870.0, "trend": 4.503312, "fair_value": 4.501773, "relative_strength": -11.825741, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.794299, "energy": 83.844878, "activity_lines": [ 4.525, 4.520458, 4.510776, 4.509762 ] }, { "date": "2026-07-24", "close": 4.525, "volume": 0, "typical_volume": 5521.75, "trend": 4.505742, "fair_value": 4.501977, "relative_strength": -11.357644, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.280015, "energy": 76.815131, "activity_lines": [ 4.525, 4.522993, 4.511604, 4.511161 ] }, { "date": "2026-07-31", "close": 4.525, "volume": 0, "typical_volume": 5519.7, "trend": 4.508171, "fair_value": 4.502177, "relative_strength": -11.608984, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.423475, "energy": 66.836292, "activity_lines": [ 4.525, 4.524599, 4.512492, 4.512403 ] }, { "date": "2026-08-07", "close": 4.525, "volume": 0, "typical_volume": 5462.3, "trend": 4.5106, "fair_value": 4.502374, "relative_strength": -13.810528, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.587707, "energy": 45.712783, "activity_lines": [ 4.525, 4.525275, 4.513706, 4.513489 ] } ], "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." } } }