{ "ticker": { "uuid": "1a5f6668-0756-4dfa-8569-a57549212811", "symbol": "ECEH", "name": "L&G Multi-Strat Enha Commod UCI", "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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 58.77, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Re-acceleration watch", "architecture_gate": "up", "architecture_direction": 37.952, "architecture_energy": 33.678, "architecture_maturity": 45.836, "architecture_confidence": 52.527, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 39.61, "rotation_up": 65.59, "upward_expansion": 70.16, "deceleration": 62.4, "rotation_down": 9.39, "downward_expansion": 11.16 }, "activity_lines": [ 12.438133, 12.255782, 12.391257, 12.339987 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 12.444, "trend_reference": 12.106333, "distance_from_trend": 0.027892, "trend_direction": "Improving", "fair_value": 10.537254, "distance_from_fair_value": 0.180953, "fair_value_direction": "Weakening", "relative_strength": -5.913079, "relative_strength_direction": "Weakening", "price_momentum": 0.136231, "excess_performance": -0.034661, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.027892, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.051914, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.180953, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.075387, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.059131, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.115396, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.136231, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.365738, "read": "Demand-led" } ], "volume": { "latest": 58134, "relative_activity": 5.359775, "balance": 2.365738, "dry_up": 2.367686, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.028237, "annualized_volatility": 0.173517, "from_high_reference": -0.071343, "from_low_reference": 0.256843 }, "levels": { "trend_reference": 12.106333, "fair_value_reference": 10.537254, "structural_low": 10.784, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": 0.031068, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.027612, "regime_survival": 0.666667, "best_return": 0.03113, "worst_return": 0.029463, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.209924, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.191471, "regime_survival": 0.0, "best_return": 0.209924, "worst_return": 0.209924, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.19403, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.010572, "regime_survival": 0.0, "best_return": 0.19403, "worst_return": 0.19403, "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": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-12", "end": "2026-01-16", "tenure": "Developing", "return": 0.034115, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-06-12", "tenure": "Established", "return": 0.129239, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": 0.035792, "active": true } ], "chart_path": [ { "date": "2024-06-07", "close": 9.721, "volume": 1, "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": 9.721, "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": 9.935, "volume": 7576, "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": 9.927, "volume": 6257, "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": 10.076, "volume": 20, "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": 10.076, "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": "2024-07-19", "close": 10.076, "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": "2024-07-26", "close": 10.076, "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": "2024-08-02", "close": 10.076, "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": "2024-08-09", "close": 10.076, "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": "2024-08-16", "close": 10.076, "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": "2024-08-23", "close": 10.076, "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": "2024-08-30", "close": 9.563, "volume": 13813, "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": 9.313, "volume": 11308, "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": 9.313, "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": "2024-09-20", "close": 9.313, "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": 9.313, "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": "2024-10-04", "close": 9.313, "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": "2024-10-11", "close": 9.313, "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": "2024-10-18", "close": 9.313, "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": "2024-10-25", "close": 9.313, "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": "2024-11-01", "close": 9.313, "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": 9.742, "volume": 1426, "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": 9.611, "volume": 697, "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": 9.611, "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": "2024-11-29", "close": 9.611, "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": "2024-12-06", "close": 9.611, "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": "2024-12-13", "close": 9.611, "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": "2024-12-20", "close": 9.611, "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": "2024-12-27", "close": 9.611, "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": "2025-01-03", "close": 9.611, "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": "2025-01-10", "close": 9.611, "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": 10.27, "volume": 11708, "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": 10.19, "volume": 155, "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": 10.19, "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": "2025-02-07", "close": 10.19, "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": "2025-02-14", "close": 10.19, "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": "2025-02-21", "close": 10.19, "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": "2025-02-28", "close": 10.19, "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": 10.08, "volume": 977, "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": 10.08, "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": "2025-03-21", "close": 10.08, "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": "2025-03-28", "close": 10.08, "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": 9.756, "volume": 147, "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": 9.756, "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": "2025-04-18", "close": 9.63, "volume": 15343, "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": 9.773, "volume": 1660, "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": 9.773, "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": "2025-05-09", "close": 9.742, "volume": 498, "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": 9.742, "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": "2025-05-23", "close": 9.856, "volume": 1203, "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": 9.69, "volume": 105101, "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": 9.977, "volume": 4873, "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": 10.272, "volume": 6175, "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": 10.45, "volume": 6800, "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": 9.968, "volume": 2787, "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": 10.02, "volume": 3056, "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": 10.18, "volume": 533, "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": 10.224, "volume": 13444, "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": 10.134, "volume": 8034, "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": 9.991, "volume": 1866, "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": 9.983, "volume": 7053, "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": 9.933, "volume": 417, "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": 10.088, "volume": 727, "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": 10.18, "volume": 206, "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": 10.166, "volume": 1705, "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": 10.36, "volume": 16586, "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": 10.202, "volume": 11409, "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": 10.504, "volume": 7515, "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": 10.36, "volume": 4876, "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": 10.494, "volume": 2087, "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": 10.326, "volume": 2416, "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": 10.52, "volume": 9760, "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": 10.52, "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": 10.52, "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": "2025-11-14", "close": 10.444, "volume": 340, "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": 10.308, "volume": 3532, "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": 10.61, "volume": 37382, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-05", "close": 10.504, "volume": 170632, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-12", "close": 10.318, "volume": 159371, "typical_volume": 21894.0, "trend": 10.236733, "fair_value": 9.956713, "relative_strength": -7.217805, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.128981, "energy": 20.001709, "activity_lines": [ 10.433067, 10.450945, 10.403419, 10.333929 ] }, { "date": "2025-12-19", "close": 10.206, "volume": 7613, "typical_volume": 22181.35, "trend": 10.2484, "fair_value": 9.95979, "relative_strength": -10.39403, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.146977, "energy": 8.519763, "activity_lines": [ 10.356133, 10.405418, 10.39289, 10.331946 ] }, { "date": "2025-12-26", "close": 10.398, "volume": 3446, "typical_volume": 22001.0, "trend": 10.272, "fair_value": 9.965134, "relative_strength": -8.064124, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.317969, "energy": 16.738066, "activity_lines": [ 10.359067, 10.400036, 10.399624, 10.341598 ] }, { "date": "2026-01-02", "close": 10.294, "volume": 1634, "typical_volume": 22061.85, "trend": 10.282567, "fair_value": 9.969096, "relative_strength": -10.149108, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.684011, "energy": 15.319618, "activity_lines": [ 10.321333, 10.374436, 10.394476, 10.343017 ] }, { "date": "2026-01-09", "close": 10.622, "volume": 2758, "typical_volume": 22163.4, "trend": 10.294233, "fair_value": 9.976869, "relative_strength": -7.693593, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.144334, "energy": 19.201417, "activity_lines": [ 10.414, 10.412582, 10.418848, 10.364916 ] }, { "date": "2026-01-16", "close": 10.67, "volume": 23089, "typical_volume": 23307.55, "trend": 10.301567, "fair_value": 9.985024, "relative_strength": -7.084073, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 62.075062, "energy": 47.487642, "activity_lines": [ 10.5148, 10.4576, 10.445248, 10.389159 ] }, { "date": "2026-01-23", "close": 10.91, "volume": 10393, "typical_volume": 23741.95, "trend": 10.332967, "fair_value": 9.995779, "relative_strength": -2.658091, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.396674, "energy": 75.435089, "activity_lines": [ 10.672133, 10.543527, 10.492171, 10.428413 ] }, { "date": "2026-01-30", "close": 11.21, "volume": 9202, "typical_volume": 23372.75, "trend": 10.372633, "fair_value": 10.009736, "relative_strength": -1.256351, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.339189, "energy": 83.370136, "activity_lines": [ 10.882533, 10.675527, 10.564124, 10.484996 ] }, { "date": "2026-02-06", "close": 10.952, "volume": 12727, "typical_volume": 23438.65, "trend": 10.398367, "fair_value": 10.020443, "relative_strength": -3.996447, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.620525, "energy": 74.40337, "activity_lines": [ 10.9528, 10.744218, 10.607457, 10.522374 ] }, { "date": "2026-02-13", "close": 10.872, "volume": 7701, "typical_volume": 23447.95, "trend": 10.419967, "fair_value": 10.030011, "relative_strength": -3.545761, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.035036, "energy": 69.844533, "activity_lines": [ 10.952533, 10.792145, 10.6396, 10.552931 ] }, { "date": "2026-02-20", "close": 11.106, "volume": 9411, "typical_volume": 23674.7, "trend": 10.452367, "fair_value": 10.041967, "relative_strength": -3.482647, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.750869, "energy": 58.078038, "activity_lines": [ 11.0136, 10.875927, 10.692276, 10.597191 ] }, { "date": "2026-02-27", "close": 11.266, "volume": 9522, "typical_volume": 24046.45, "trend": 10.494867, "fair_value": 10.055418, "relative_strength": -3.433266, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.31897, "energy": 56.285097, "activity_lines": [ 11.098933, 10.974473, 10.756638, 10.649684 ] }, { "date": "2026-03-06", "close": 11.706, "volume": 7762, "typical_volume": 24313.75, "trend": 10.5523, "fair_value": 10.073359, "relative_strength": 7.254796, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.630052, "energy": 79.08653, "activity_lines": [ 11.3072, 11.133745, 10.859229, 10.727822 ] }, { "date": "2026-03-13", "close": 12.484, "volume": 6199, "typical_volume": 24135.7, "trend": 10.637333, "fair_value": 10.09928, "relative_strength": 13.772012, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.921909, "energy": 95.987736, "activity_lines": [ 11.741733, 11.410691, 11.029343, 10.852447 ] }, { "date": "2026-03-20", "close": 12.514, "volume": 19753, "typical_volume": 25123.35, "trend": 10.7182, "fair_value": 10.124968, "relative_strength": 17.66499, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.845442, "energy": 95.16514, "activity_lines": [ 12.084133, 11.653273, 11.192962, 10.973523 ] }, { "date": "2026-03-27", "close": 12.584, "volume": 7999, "typical_volume": 25523.3, "trend": 10.798333, "fair_value": 10.150853, "relative_strength": 16.585736, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.426943, "energy": 93.210332, "activity_lines": [ 12.3404, 11.874182, 11.353752, 11.093897 ] }, { "date": "2026-04-03", "close": 12.424, "volume": 3890, "typical_volume": 25700.8, "trend": 10.8736, "fair_value": 10.174531, "relative_strength": 9.515534, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.176443, "energy": 87.700534, "activity_lines": [ 12.4448, 12.0312, 11.489476, 11.198778 ] }, { "date": "2026-04-10", "close": 12.412, "volume": 9339, "typical_volume": 25991.15, "trend": 10.942, "fair_value": 10.197598, "relative_strength": 5.061596, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.231039, "energy": 72.26607, "activity_lines": [ 12.468, 12.158509, 11.614629, 11.29803 ] }, { "date": "2026-04-17", "close": 12.176, "volume": 11987, "typical_volume": 24721.4, "trend": 11.0078, "fair_value": 10.217786, "relative_strength": 0.550753, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.13712, "energy": 60.164564, "activity_lines": [ 12.365467, 12.221055, 11.707286, 11.377643 ] }, { "date": "2026-04-24", "close": 12.754, "volume": 10042, "typical_volume": 16691.9, "trend": 11.0828, "fair_value": 10.243404, "relative_strength": 7.954908, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.277785, "energy": 60.755062, "activity_lines": [ 12.476133, 12.366436, 11.847533, 11.490301 ] }, { "date": "2026-05-01", "close": 13.08, "volume": 4493, "typical_volume": 8948.0, "trend": 11.173467, "fair_value": 10.27177, "relative_strength": 9.223733, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.665383, "energy": 67.326533, "activity_lines": [ 12.679467, 12.536873, 12.008114, 11.619153 ] }, { "date": "2026-05-08", "close": 12.938, "volume": 9466, "typical_volume": 9040.65, "trend": 11.254933, "fair_value": 10.298168, "relative_strength": 5.626563, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.743391, "energy": 63.597968, "activity_lines": [ 12.8024, 12.6456, 12.142019, 11.732994 ] }, { "date": "2026-05-15", "close": 13.172, "volume": 8289, "typical_volume": 9282.8, "trend": 11.3498, "fair_value": 10.326343, "relative_strength": 7.679919, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.650867, "energy": 73.60653, "activity_lines": [ 12.969067, 12.766473, 12.2852, 11.856675 ] }, { "date": "2026-05-22", "close": 13.068, "volume": 7286, "typical_volume": 9565.4, "trend": 11.434733, "fair_value": 10.352961, "relative_strength": 5.86084, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.162525, "energy": 73.083398, "activity_lines": [ 13.0504, 12.841782, 12.405267, 11.967527 ] }, { "date": "2026-05-29", "close": 12.744, "volume": 12899, "typical_volume": 10072.45, "trend": 11.508867, "fair_value": 10.375952, "relative_strength": 2.048884, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.171233, "energy": 56.068152, "activity_lines": [ 12.964267, 12.847564, 12.481267, 12.051996 ] }, { "date": "2026-06-05", "close": 12.658, "volume": 4695, "typical_volume": 9152.75, "trend": 11.580133, "fair_value": 10.397686, "relative_strength": 1.590338, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.414049, "energy": 48.523909, "activity_lines": [ 12.850133, 12.833527, 12.538971, 12.126133 ] }, { "date": "2026-06-12", "close": 12.32, "volume": 919, "typical_volume": 8679.05, "trend": 11.642667, "fair_value": 10.415821, "relative_strength": -4.045398, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.582331, "energy": 30.974295, "activity_lines": [ 12.651467, 12.756691, 12.555019, 12.173867 ] }, { "date": "2026-06-19", "close": 12.014, "volume": 1692, "typical_volume": 8303.55, "trend": 11.699533, "fair_value": 10.430757, "relative_strength": -8.547043, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.855381, "energy": 24.408422, "activity_lines": [ 12.392, 12.626109, 12.53521, 12.197824 ] }, { "date": "2026-06-26", "close": 11.624, "volume": 9043, "typical_volume": 8119.35, "trend": 11.733333, "fair_value": 10.441806, "relative_strength": -8.61158, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -16.113816, "energy": 31.179411, "activity_lines": [ 12.079733, 12.431855, 12.474429, 12.192951 ] }, { "date": "2026-07-03", "close": 11.654, "volume": 1508, "typical_volume": 7809.7, "trend": 11.771667, "fair_value": 10.452927, "relative_strength": -10.848572, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -17.842967, "energy": 39.382685, "activity_lines": [ 11.873733, 12.253091, 12.413305, 12.187832 ] }, { "date": "2026-07-10", "close": 12.0, "volume": 10657, "typical_volume": 7872.0, "trend": 11.827733, "fair_value": 10.466991, "relative_strength": -7.658003, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -6.331155, "energy": 37.296716, "activity_lines": [ 11.855733, 12.157236, 12.38141, 12.202563 ] }, { "date": "2026-07-17", "close": 12.388, "volume": 13187, "typical_volume": 8055.25, "trend": 11.900467, "fair_value": 10.484297, "relative_strength": -3.215407, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.196836, "energy": 25.208176, "activity_lines": [ 12.010933, 12.151564, 12.38221, 12.23871 ] }, { "date": "2026-07-24", "close": 12.608, "volume": 20484, "typical_volume": 8691.35, "trend": 11.974133, "fair_value": 10.503259, "relative_strength": -1.302581, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.216377, "energy": 17.610304, "activity_lines": [ 12.234933, 12.195891, 12.398619, 12.284357 ] }, { "date": "2026-07-31", "close": 12.438, "volume": 10918, "typical_volume": 8927.3, "trend": 12.0456, "fair_value": 10.520381, "relative_strength": -3.237207, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.564677, "energy": 27.522045, "activity_lines": [ 12.362667, 12.219564, 12.394543, 12.314284 ] }, { "date": "2026-08-07", "close": 12.444, "volume": 58134, "typical_volume": 10846.35, "trend": 12.106333, "fair_value": 10.537254, "relative_strength": -5.913079, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 37.95229, "energy": 33.677679, "activity_lines": [ 12.438133, 12.255782, 12.391257, 12.339987 ] } ], "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." } } }