{ "ticker": { "uuid": "1c1783cc-d94f-4761-8d1e-56a11dcbc0cb", "symbol": "VITU", "name": "RIZE USA Environmental Impact U", "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": 54.719, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 5.491, "architecture_energy": 22.315, "architecture_maturity": 59.132, "architecture_confidence": 74.294, "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": 60.38, "rotation_up": 15.4, "upward_expansion": 46.7, "deceleration": 87.54, "rotation_down": 42.63, "downward_expansion": 29.37 }, "activity_lines": [ 5.7586, 5.840309, 5.877386, 5.778955 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 5.814, "trend_reference": 5.674267, "distance_from_trend": 0.024626, "trend_direction": "Improving", "fair_value": 4.866969, "distance_from_fair_value": 0.194583, "fair_value_direction": "Weakening", "relative_strength": -7.546221, "relative_strength_direction": "Weakening", "price_momentum": 0.046248, "excess_performance": -0.124644, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.024626, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.050077, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.194583, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.029948, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.075462, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.097796, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.046248, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 11.909091, "read": "Demand-led" } ], "volume": { "latest": 253, "relative_activity": 5.142276, "balance": 11.909091, "dry_up": 1.361789, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.0301, "annualized_volatility": 0.159959, "from_high_reference": -0.078605, "from_low_reference": 0.288278 }, "levels": { "trend_reference": 5.674267, "fair_value_reference": 4.866969, "structural_low": 5.088, "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": 2, "median_return": 0.054032, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.000764, "regime_survival": 0.5, "best_return": 0.078888, "worst_return": 0.029175, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.147601, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.014414, "regime_survival": 0.0, "best_return": 0.147601, "worst_return": 0.147601, "sufficient": false }, { "horizon": "Extended", "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 }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-03-06", "tenure": "Developing", "return": 0.032169, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-04-24", "tenure": "Developing", "return": 0.087524, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-07-10", "tenure": "Developing", "return": 0.046732, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.008675, "active": true } ], "chart_path": [ { "date": "2024-06-14", "close": 4.5195, "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": 4.4615, "volume": 3172, "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": 4.431, "volume": 3000, "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": 4.3155, "volume": 326, "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": 4.675, "volume": 234, "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": 4.5585, "volume": 66516, "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": 4.6795, "volume": 74192, "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": 4.397, "volume": 113460, "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": 4.217, "volume": 120400, "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": 4.3025, "volume": 24722, "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": 4.4235, "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": 4.4385, "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": 4.166, "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": "2024-09-13", "close": 4.3875, "volume": 25049, "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": 4.4575, "volume": 47602, "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": 4.5605, "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": 4.5675, "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": 4.5935, "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": 4.6915, "volume": 7, "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": 4.679, "volume": 125, "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": 4.612, "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": 4.718, "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": "2024-11-15", "close": 4.7135, "volume": 250, "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": 4.984, "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": 5.042, "volume": 2517, "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": 4.9255, "volume": 82, "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": 4.815, "volume": 1953, "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": 4.633, "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": 4.6235, "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": 4.719, "volume": 11, "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": 4.6055, "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": 4.8275, "volume": 3, "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": 4.752, "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": "2025-01-31", "close": 4.7645, "volume": 90, "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": 4.6855, "volume": 12, "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": 4.5965, "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": 4.541, "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": "2025-02-28", "close": 4.383, "volume": 123, "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": 4.0495, "volume": 14, "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": 4.054, "volume": 26552, "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": 4.0965, "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": "2025-03-28", "close": 4.021, "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": 3.6775, "volume": 2125, "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": 3.497, "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": 3.6175, "volume": 5, "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": 3.748, "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": "2025-05-02", "close": 3.8825, "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": 4.023, "volume": 38, "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": 4.3115, "volume": 137, "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": 4.054, "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": 4.109, "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": "2025-06-06", "close": 4.2185, "volume": 7, "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": 4.152, "volume": 3, "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": 4.143, "volume": 5, "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": 4.2005, "volume": 37, "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": 4.35, "volume": 17, "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": 4.395, "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": "2025-07-18", "close": 4.4575, "volume": 24788, "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": 4.4985, "volume": 2520, "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": 4.377, "volume": 2, "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": 4.5185, "volume": 12, "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": 4.6145, "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": "2025-08-22", "close": 4.794, "volume": 7, "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": 4.783, "volume": 50, "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": 4.754, "volume": 3, "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": 4.79, "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": 4.8885, "volume": 5, "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": 4.913, "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": "2025-10-03", "close": 5.187, "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": "2025-10-10", "close": 5.145, "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": 5.252, "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": "2025-10-24", "close": 5.397, "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": "2025-10-31", "close": 5.277, "volume": 112, "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": 5.036, "volume": 19832, "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": 5.025, "volume": 500, "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": 4.8, "volume": 94894, "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": 5.123, "volume": 14192, "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": 5.207, "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": "2025-12-12", "close": 5.153, "volume": 39, "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": "2025-12-19", "close": 5.098, "volume": 2, "typical_volume": 6482.5, "trend": 4.755217, "fair_value": 4.551894, "relative_strength": 0.005065, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.038708, "energy": 37.123199, "activity_lines": [ 5.117933, 5.105818, 5.075848, 4.952346 ] }, { "date": "2025-12-26", "close": 5.114, "volume": 1, "typical_volume": 6481.95, "trend": 4.788717, "fair_value": 4.558833, "relative_strength": 1.011545, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.081682, "energy": 35.994647, "activity_lines": [ 5.130533, 5.101673, 5.087869, 4.975494 ] }, { "date": "2026-01-02", "close": 5.111, "volume": 0, "typical_volume": 6481.95, "trend": 4.818467, "fair_value": 4.565567, "relative_strength": -0.321297, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.942443, "energy": 31.741533, "activity_lines": [ 5.1212, 5.099491, 5.096769, 4.996286 ] }, { "date": "2026-01-09", "close": 5.363, "volume": 0, "typical_volume": 6481.6, "trend": 4.858833, "fair_value": 4.575175, "relative_strength": 4.051051, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.740869, "energy": 43.982425, "activity_lines": [ 5.196667, 5.148327, 5.127305, 5.031417 ] }, { "date": "2026-01-16", "close": 5.652, "volume": 3213, "typical_volume": 6639.75, "trend": 4.909133, "fair_value": 4.587994, "relative_strength": 9.645619, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.906491, "energy": 81.236033, "activity_lines": [ 5.358067, 5.248145, 5.182655, 5.082589 ] }, { "date": "2026-01-23", "close": 5.614, "volume": 3024, "typical_volume": 6790.8, "trend": 4.95625, "fair_value": 4.600065, "relative_strength": 11.374979, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.914517, "energy": 88.029452, "activity_lines": [ 5.473533, 5.329855, 5.230248, 5.128065 ] }, { "date": "2026-01-30", "close": 5.382, "volume": 4, "typical_volume": 6791.0, "trend": 4.99065, "fair_value": 4.609157, "relative_strength": 5.36624, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.70431, "energy": 80.367142, "activity_lines": [ 5.477267, 5.358673, 5.25165, 5.155532 ] }, { "date": "2026-02-06", "close": 5.557, "volume": 0, "typical_volume": 6790.75, "trend": 5.029383, "fair_value": 4.620052, "relative_strength": 8.060775, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.479284, "energy": 84.219495, "activity_lines": [ 5.521467, 5.408727, 5.2869, 5.192071 ] }, { "date": "2026-02-13", "close": 5.623, "volume": 7, "typical_volume": 6791.1, "trend": 5.068233, "fair_value": 4.631449, "relative_strength": 10.365773, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.284726, "energy": 79.727639, "activity_lines": [ 5.557933, 5.462891, 5.325252, 5.230369 ] }, { "date": "2026-02-20", "close": 5.636, "volume": 1, "typical_volume": 6791.15, "trend": 5.10615, "fair_value": 4.642736, "relative_strength": 8.083469, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.048088, "energy": 66.738777, "activity_lines": [ 5.5814, 5.511855, 5.361462, 5.266999 ] }, { "date": "2026-02-27", "close": 5.376, "volume": 3, "typical_volume": 6791.3, "trend": 5.13945, "fair_value": 4.650883, "relative_strength": 1.479436, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.710366, "energy": 53.460257, "activity_lines": [ 5.519267, 5.504764, 5.370771, 5.284409 ] }, { "date": "2026-03-06", "close": 5.262, "volume": 128, "typical_volume": 6797.65, "trend": 5.164233, "fair_value": 4.657599, "relative_strength": 5.948274, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.401351, "energy": 31.563145, "activity_lines": [ 5.435, 5.471891, 5.368124, 5.292315 ] }, { "date": "2026-03-13", "close": 5.21, "volume": 0, "typical_volume": 6797.65, "trend": 5.184083, "fair_value": 4.663603, "relative_strength": 4.284545, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.464904, "energy": 21.184478, "activity_lines": [ 5.3414, 5.426873, 5.360476, 5.295268 ] }, { "date": "2026-03-20", "close": 5.156, "volume": 1, "typical_volume": 6792.1, "trend": 5.19615, "fair_value": 4.668898, "relative_strength": 6.479426, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.894554, "energy": 25.277927, "activity_lines": [ 5.252933, 5.370236, 5.348576, 5.293456 ] }, { "date": "2026-03-27", "close": 5.163, "volume": 7, "typical_volume": 5800.85, "trend": 5.208817, "fair_value": 4.674154, "relative_strength": 5.029561, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.049946, "energy": 34.867152, "activity_lines": [ 5.197933, 5.318636, 5.337919, 5.291317 ] }, { "date": "2026-04-03", "close": 5.22, "volume": 28, "typical_volume": 5777.25, "trend": 5.22435, "fair_value": 4.6799, "relative_strength": 0.820102, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.258663, "energy": 30.889171, "activity_lines": [ 5.193467, 5.286291, 5.332086, 5.292039 ] }, { "date": "2026-04-10", "close": 5.362, "volume": 17, "typical_volume": 1033.4, "trend": 5.243417, "fair_value": 4.687005, "relative_strength": -0.918543, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.959505, "energy": 17.546155, "activity_lines": [ 5.246733, 5.286927, 5.338848, 5.300919 ] }, { "date": "2026-04-17", "close": 5.437, "volume": 2, "typical_volume": 323.9, "trend": 5.2617, "fair_value": 4.694737, "relative_strength": -2.300133, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.180436, "energy": 16.25848, "activity_lines": [ 5.318333, 5.301564, 5.350076, 5.313409 ] }, { "date": "2026-04-24", "close": 5.666, "volume": 642, "typical_volume": 355.95, "trend": 5.2868, "fair_value": 4.704648, "relative_strength": 4.080514, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.864668, "energy": 43.564996, "activity_lines": [ 5.451133, 5.360018, 5.381619, 5.339492 ] }, { "date": "2026-05-01", "close": 5.585, "volume": 4, "typical_volume": 354.2, "trend": 5.300067, "fair_value": 4.71354, "relative_strength": 1.091836, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.242402, "energy": 59.606943, "activity_lines": [ 5.522933, 5.402964, 5.403262, 5.358731 ] }, { "date": "2026-05-08", "close": 5.785, "volume": 0, "typical_volume": 354.1, "trend": 5.3214, "fair_value": 4.724255, "relative_strength": 2.233413, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.226648, "energy": 84.770092, "activity_lines": [ 5.633267, 5.4832, 5.441895, 5.390017 ] }, { "date": "2026-05-15", "close": 5.998, "volume": 1, "typical_volume": 354.1, "trend": 5.346267, "fair_value": 4.736866, "relative_strength": 6.087501, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.644235, "energy": 93.241269, "activity_lines": [ 5.776933, 5.594727, 5.497543, 5.433669 ] }, { "date": "2026-05-22", "close": 6.162, "volume": 0, "typical_volume": 354.1, "trend": 5.371767, "fair_value": 4.750838, "relative_strength": 7.727079, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.937748, "energy": 95.481739, "activity_lines": [ 5.932867, 5.722691, 5.5646, 5.486297 ] }, { "date": "2026-05-29", "close": 6.234, "volume": 5, "typical_volume": 354.35, "trend": 5.403667, "fair_value": 4.765238, "relative_strength": 7.445132, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.207513, "energy": 95.300991, "activity_lines": [ 6.064467, 5.846436, 5.63351, 5.541925 ] }, { "date": "2026-06-05", "close": 6.153, "volume": 1, "typical_volume": 193.75, "trend": 5.4409, "fair_value": 4.778582, "relative_strength": 6.013613, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.566796, "energy": 89.854797, "activity_lines": [ 6.1312, 5.935855, 5.690557, 5.590269 ] }, { "date": "2026-06-12", "close": 5.979, "volume": 0, "typical_volume": 42.55, "trend": 5.4727, "fair_value": 4.790014, "relative_strength": -0.371337, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.865634, "energy": 84.082821, "activity_lines": [ 6.102067, 5.975636, 5.728648, 5.624985 ] }, { "date": "2026-06-19", "close": 6.155, "volume": 3, "typical_volume": 42.5, "trend": 5.517867, "fair_value": 4.802892, "relative_strength": -0.241145, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.67815, "energy": 70.824811, "activity_lines": [ 6.118667, 6.033618, 5.781762, 5.669004 ] }, { "date": "2026-06-26", "close": 6.043, "volume": 0, "typical_volume": 42.5, "trend": 5.548533, "fair_value": 4.814481, "relative_strength": 0.76764, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.724973, "energy": 58.562696, "activity_lines": [ 6.087467, 6.056818, 5.820529, 5.702884 ] }, { "date": "2026-07-03", "close": 5.984, "volume": 0, "typical_volume": 42.15, "trend": 5.574433, "fair_value": 4.82531, "relative_strength": -3.207726, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.904374, "energy": 44.267373, "activity_lines": [ 6.044533, 6.058273, 5.851362, 5.730978 ] }, { "date": "2026-07-10", "close": 5.846, "volume": 6, "typical_volume": 42.4, "trend": 5.597533, "fair_value": 4.834674, "relative_strength": -5.094075, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.870964, "energy": 35.04976, "activity_lines": [ 5.972267, 6.028855, 5.867333, 5.748499 ] }, { "date": "2026-07-17", "close": 5.764, "volume": 10, "typical_volume": 42.75, "trend": 5.619733, "fair_value": 4.843123, "relative_strength": -5.113206, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.672246, "energy": 25.823363, "activity_lines": [ 5.893133, 5.979782, 5.874495, 5.759239 ] }, { "date": "2026-07-24", "close": 5.705, "volume": 5, "typical_volume": 36.6, "trend": 5.639433, "fair_value": 4.850887, "relative_strength": -5.934376, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.174587, "energy": 25.104158, "activity_lines": [ 5.808667, 5.920364, 5.87419, 5.76474 ] }, { "date": "2026-07-31", "close": 5.705, "volume": 0, "typical_volume": 36.6, "trend": 5.659233, "fair_value": 4.858513, "relative_strength": -6.599692, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.188059, "energy": 21.483195, "activity_lines": [ 5.7542, 5.866273, 5.871776, 5.76897 ] }, { "date": "2026-08-07", "close": 5.814, "volume": 253, "typical_volume": 49.2, "trend": 5.674267, "fair_value": 4.866969, "relative_strength": -7.546221, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.491439, "energy": 22.31527, "activity_lines": [ 5.7586, 5.840309, 5.877386, 5.778955 ] } ], "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." } } }