{ "ticker": { "uuid": "25c5f2ce-c486-4e95-9662-d9f8c1c43cdc", "symbol": "XSHD", "name": "INVESCO S&P SMALLCAP HIGH DIVIDEND LOW VOLATILITY ETF", "exchange": "CBOE", "country": "US", "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": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 67.876, "architecture_energy": 52.771, "architecture_maturity": 23.078, "architecture_confidence": 70.936, "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": 9.17, "rotation_up": 64.1, "upward_expansion": 80.37, "deceleration": 58.69, "rotation_down": 16.69, "downward_expansion": 7.04 }, "activity_lines": [ 14.335301, 14.236192, 13.974958, 13.782482 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 14.445, "trend_reference": 13.596893, "distance_from_trend": 0.062375, "trend_direction": "Improving", "fair_value": 13.169925, "distance_from_fair_value": 0.096817, "fair_value_direction": "Improving", "relative_strength": -2.728281, "relative_strength_direction": "Improving", "price_momentum": 0.060335, "excess_performance": -0.06529, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.062375, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.039231, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.096817, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.060534, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.027283, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.04002, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.060335, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.48793, "read": "Demand-led" } ], "volume": { "latest": 111639, "relative_activity": 0.644969, "balance": 1.48793, "dry_up": 0.803353, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.02966, "annualized_volatility": 0.146842, "from_high_reference": -0.02532, "from_low_reference": 0.212012 }, "levels": { "trend_reference": 13.596893, "fair_value_reference": 13.169925, "structural_low": 12.512039, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 11, "median_return": -0.011749, "positive_rate": 0.363636, "directional_follow_through": 0.363636, "median_excess_return": -0.010688, "regime_survival": 0.545455, "best_return": 0.073344, "worst_return": -0.044677, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.016506, "positive_rate": 0.166667, "directional_follow_through": 0.166667, "median_excess_return": -0.059505, "regime_survival": 0.333333, "best_return": 0.063648, "worst_return": -0.074588, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.030214, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.127292, "regime_survival": 0.0, "best_return": -0.020319, "worst_return": -0.040487, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.057446, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.290831, "regime_survival": 0.0, "best_return": -0.057446, "worst_return": -0.057446, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-01", "tenure": "New", "return": -0.03423, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-08-29", "tenure": "New", "return": 0.063181, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-05", "end": "2025-09-12", "tenure": "New", "return": -0.010094, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-19", "end": "2025-10-10", "tenure": "New", "return": -0.047208, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-17", "end": "2025-10-31", "tenure": "New", "return": -0.026099, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-07", "end": "2025-11-21", "tenure": "New", "return": -0.009116, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2025-12-19", "tenure": "New", "return": 0.010093, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-01-16", "tenure": "New", "return": 0.070875, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-23", "end": "2026-01-30", "tenure": "New", "return": -0.003495, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-06", "end": "2026-03-13", "tenure": "Developing", "return": -0.058357, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-17", "tenure": "Developing", "return": 0.091365, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-05-29", "tenure": "Developing", "return": -0.004575, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-05", "end": "2026-06-12", "tenure": "New", "return": 0.023547, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": 0.060429, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 13.043473, "volume": 40828, "typical_volume": 46685.1, "trend": 13.528804, "fair_value": 15.06347, "relative_strength": -12.651231, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.977769, "energy": 14.808311, "activity_lines": [ 13.354996, 13.372345, 13.201636, 13.246508 ] }, { "date": "2023-08-25", "close": 13.030474, "volume": 46106, "typical_volume": 35293.5, "trend": 13.456024, "fair_value": 15.069946, "relative_strength": -13.003061, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.281935, "energy": 21.713785, "activity_lines": [ 13.21781, 13.319759, 13.193016, 13.214357 ] }, { "date": "2023-09-01", "close": 13.416757, "volume": 22539, "typical_volume": 34936.95, "trend": 13.377229, "fair_value": 15.080539, "relative_strength": -12.267464, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.59716, "energy": 14.436882, "activity_lines": [ 13.246256, 13.340553, 13.222971, 13.211824 ] }, { "date": "2023-09-08", "close": 12.937372, "volume": 53941, "typical_volume": 35745.25, "trend": 13.309083, "fair_value": 15.090994, "relative_strength": -13.93792, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.303136, "energy": 27.403346, "activity_lines": [ 13.131212, 13.261432, 13.206433, 13.183446 ] }, { "date": "2023-09-15", "close": 13.096164, "volume": 43696, "typical_volume": 36239.6, "trend": 13.236097, "fair_value": 15.10093, "relative_strength": -12.365852, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.824149, "energy": 20.728594, "activity_lines": [ 13.105667, 13.218403, 13.206296, 13.16971 ] }, { "date": "2023-09-22", "close": 12.685221, "volume": 46665, "typical_volume": 37593.65, "trend": 13.16886, "fair_value": 15.112252, "relative_strength": -12.182118, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.546442, "energy": 43.054549, "activity_lines": [ 12.965791, 13.102577, 13.167542, 13.134169 ] }, { "date": "2023-09-29", "close": 12.551634, "volume": 61082, "typical_volume": 32372.0, "trend": 13.095989, "fair_value": 15.119595, "relative_strength": -12.197374, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -46.801816, "energy": 57.570603, "activity_lines": [ 12.80527, 12.977853, 13.116457, 13.094348 ] }, { "date": "2023-10-06", "close": 12.126997, "volume": 44842, "typical_volume": 33294.3, "trend": 13.048992, "fair_value": 15.120539, "relative_strength": -15.262755, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -84.125381, "energy": 80.844512, "activity_lines": [ 12.535126, 12.794685, 13.024525, 13.031832 ] }, { "date": "2023-10-13", "close": 12.139692, "volume": 40319, "typical_volume": 33765.35, "trend": 13.025772, "fair_value": 15.121516, "relative_strength": -15.181402, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.963214, "energy": 85.593694, "activity_lines": [ 12.355197, 12.641721, 12.935856, 12.973168 ] }, { "date": "2023-10-20", "close": 11.885801, "volume": 107743, "typical_volume": 38197.4, "trend": 12.993427, "fair_value": 15.120611, "relative_strength": -14.573212, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.287096, "energy": 89.500116, "activity_lines": [ 12.143817, 12.467072, 12.824267, 12.899621 ] }, { "date": "2023-10-27", "close": 11.517451, "volume": 42884, "typical_volume": 38479.1, "trend": 12.926907, "fair_value": 15.121472, "relative_strength": -14.65153, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.261318, "energy": 94.504079, "activity_lines": [ 11.890344, 12.253635, 12.682402, 12.804397 ] }, { "date": "2023-11-03", "close": 12.664074, "volume": 65115, "typical_volume": 38876.75, "trend": 12.902189, "fair_value": 15.126816, "relative_strength": -10.879478, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.61343, "energy": 62.12377, "activity_lines": [ 12.096931, 12.27642, 12.65715, 12.78744 ] }, { "date": "2023-11-10", "close": 12.215245, "volume": 166780, "typical_volume": 46276.1, "trend": 12.868008, "fair_value": 15.121436, "relative_strength": -14.722255, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.881285, "energy": 47.851458, "activity_lines": [ 12.146411, 12.224261, 12.59172, 12.743121 ] }, { "date": "2023-11-17", "close": 12.817042, "volume": 113283, "typical_volume": 50961.15, "trend": 12.855042, "fair_value": 15.118634, "relative_strength": -12.123053, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.452075, "energy": 25.063738, "activity_lines": [ 12.390608, 12.303366, 12.585986, 12.739833 ] }, { "date": "2023-11-24", "close": 12.779529, "volume": 44197, "typical_volume": 52179.6, "trend": 12.840849, "fair_value": 15.112557, "relative_strength": -12.795726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.511531, "energy": 24.420539, "activity_lines": [ 12.577143, 12.377838, 12.579143, 12.734961 ] }, { "date": "2023-12-01", "close": 13.161502, "volume": 105367, "typical_volume": 56580.1, "trend": 12.853983, "fair_value": 15.106397, "relative_strength": -10.501411, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -4.504172, "energy": 18.818722, "activity_lines": [ 12.831421, 12.527517, 12.61069, 12.755649 ] }, { "date": "2023-12-08", "close": 13.314939, "volume": 102278, "typical_volume": 60712.9, "trend": 12.882264, "fair_value": 15.101791, "relative_strength": -9.248108, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 31.761602, "energy": 35.384634, "activity_lines": [ 13.027241, 12.696434, 12.658612, 12.785388 ] }, { "date": "2023-12-15", "close": 13.903115, "volume": 185948, "typical_volume": 68960.5, "trend": 12.927094, "fair_value": 15.098877, "relative_strength": -7.066354, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.391595, "energy": 56.239782, "activity_lines": [ 13.375729, 12.958413, 12.76383, 12.851249 ] }, { "date": "2023-12-22", "close": 14.169646, "volume": 160284, "typical_volume": 75640.1, "trend": 12.985931, "fair_value": 15.09735, "relative_strength": -5.751311, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.723663, "energy": 70.797083, "activity_lines": [ 13.700536, 13.23656, 12.893281, 12.931414 ] }, { "date": "2023-12-29", "close": 14.135316, "volume": 157985, "typical_volume": 82594.1, "trend": 13.027283, "fair_value": 15.095647, "relative_strength": -5.926878, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 49.881738, "energy": 74.497298, "activity_lines": [ 13.923726, 13.471557, 13.016206, 13.005568 ] }, { "date": "2024-01-05", "close": 13.809182, "volume": 78982, "typical_volume": 84501.8, "trend": 13.051804, "fair_value": 15.087491, "relative_strength": -6.189992, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 66.441797, "energy": 79.492527, "activity_lines": [ 13.947819, 13.606356, 13.10474, 13.056013 ] }, { "date": "2024-01-12", "close": 13.749105, "volume": 103007, "typical_volume": 87346.85, "trend": 13.06999, "fair_value": 15.077873, "relative_strength": -7.775275, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.77197, "energy": 69.195306, "activity_lines": [ 13.908707, 13.688564, 13.183906, 13.101 ] }, { "date": "2024-01-19", "close": 13.470003, "volume": 123426, "typical_volume": 92391.2, "trend": 13.095146, "fair_value": 15.065979, "relative_strength": -10.14766, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.496343, "energy": 43.994332, "activity_lines": [ 13.747617, 13.700299, 13.23307, 13.126807 ] }, { "date": "2024-01-26", "close": 13.763313, "volume": 110771, "typical_volume": 95232.7, "trend": 13.109442, "fair_value": 15.060548, "relative_strength": -8.572477, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.06529, "energy": 33.250469, "activity_lines": [ 13.713171, 13.742549, 13.309914, 13.169915 ] }, { "date": "2024-02-02", "close": 13.360246, "volume": 122176, "typical_volume": 99156.7, "trend": 13.114722, "fair_value": 15.049065, "relative_strength": -11.846585, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.883536, "energy": 24.920441, "activity_lines": [ 13.571459, 13.694309, 13.344437, 13.186096 ] }, { "date": "2024-02-09", "close": 13.134843, "volume": 116292, "typical_volume": 102638.05, "trend": 13.101494, "fair_value": 15.031745, "relative_strength": -13.9205, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.527309, "energy": 23.352499, "activity_lines": [ 13.406283, 13.594529, 13.356236, 13.187394 ] }, { "date": "2024-02-16", "close": 13.277285, "volume": 217631, "typical_volume": 110465.5, "trend": 13.091285, "fair_value": 15.016633, "relative_strength": -12.052248, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.300261, "energy": 22.634973, "activity_lines": [ 13.333544, 13.521131, 13.37946, 13.198735 ] }, { "date": "2024-02-23", "close": 13.098229, "volume": 145297, "typical_volume": 115488.25, "trend": 13.072516, "fair_value": 14.998907, "relative_strength": -14.013798, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.619353, "energy": 20.641112, "activity_lines": [ 13.232575, 13.415863, 13.382176, 13.199183 ] }, { "date": "2024-03-01", "close": 13.080857, "volume": 203637, "typical_volume": 123654.15, "trend": 13.059015, "fair_value": 14.977018, "relative_strength": -14.332624, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.772812, "energy": 17.58251, "activity_lines": [ 13.150599, 13.32207, 13.378612, 13.199721 ] }, { "date": "2024-03-08", "close": 13.089543, "volume": 212996, "typical_volume": 128916.8, "trend": 13.047468, "fair_value": 14.948482, "relative_strength": -13.525922, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.470879, "energy": 15.572469, "activity_lines": [ 13.117016, 13.249653, 13.371393, 13.201691 ] }, { "date": "2024-03-15", "close": 12.976627, "volume": 166608, "typical_volume": 135103.0, "trend": 13.04524, "fair_value": 14.92316, "relative_strength": -13.778688, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.475583, "energy": 19.258063, "activity_lines": [ 13.063841, 13.17572, 13.347689, 13.19712 ] }, { "date": "2024-03-22", "close": 13.076715, "volume": 128081, "typical_volume": 138251.3, "trend": 13.046781, "fair_value": 14.899434, "relative_strength": -14.572781, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 1.429016, "energy": 23.846186, "activity_lines": [ 13.054577, 13.135121, 13.326568, 13.199151 ] }, { "date": "2024-03-29", "close": 13.475114, "volume": 83129, "typical_volume": 134068.75, "trend": 13.048727, "fair_value": 14.878238, "relative_strength": -11.837083, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.459434, "energy": 14.351582, "activity_lines": [ 13.191484, 13.179185, 13.341425, 13.226785 ] }, { "date": "2024-04-05", "close": 13.077502, "volume": 139493, "typical_volume": 135379.25, "trend": 13.053398, "fair_value": 14.85455, "relative_strength": -13.215047, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.586041, "energy": 9.526586, "activity_lines": [ 13.170727, 13.150862, 13.312415, 13.228642 ] }, { "date": "2024-04-12", "close": 12.723583, "volume": 85315, "typical_volume": 137435.15, "trend": 13.040978, "fair_value": 14.82663, "relative_strength": -13.874222, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.053644, "energy": 18.062872, "activity_lines": [ 13.032221, 13.070659, 13.248458, 13.207363 ] }, { "date": "2024-04-19", "close": 12.793493, "volume": 104022, "typical_volume": 137367.9, "trend": 13.044587, "fair_value": 14.79992, "relative_strength": -10.25907, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.428546, "energy": 19.98445, "activity_lines": [ 12.941416, 13.014744, 13.191426, 13.191397 ] }, { "date": "2024-04-26", "close": 12.8634, "volume": 75302, "typical_volume": 136019.1, "trend": 13.05498, "fair_value": 14.774375, "relative_strength": -11.687163, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.628423, "energy": 39.87383, "activity_lines": [ 12.886123, 12.977745, 13.142804, 13.179707 ] }, { "date": "2024-05-03", "close": 12.923189, "volume": 78908, "typical_volume": 130667.1, "trend": 13.081519, "fair_value": 14.745743, "relative_strength": -11.438966, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.525084, "energy": 41.613431, "activity_lines": [ 12.864979, 12.959141, 13.102026, 13.171205 ] }, { "date": "2024-05-10", "close": 13.092005, "volume": 191402, "typical_volume": 132223.0, "trend": 13.113263, "fair_value": 14.718833, "relative_strength": -11.593933, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.781515, "energy": 24.738592, "activity_lines": [ 12.936903, 12.974415, 13.081992, 13.171881 ] }, { "date": "2024-05-17", "close": 13.338194, "volume": 123154, "typical_volume": 130481.45, "trend": 13.161676, "fair_value": 14.694401, "relative_strength": -11.080856, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 3.679943, "energy": 6.014644, "activity_lines": [ 13.089923, 13.034247, 13.090537, 13.186393 ] }, { "date": "2024-05-24", "close": 12.93207, "volume": 91146, "typical_volume": 131089.65, "trend": 13.20883, "fair_value": 14.666476, "relative_strength": -13.461388, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.85593, "energy": 18.785461, "activity_lines": [ 13.066595, 13.015717, 13.064198, 13.171579 ] }, { "date": "2024-05-31", "close": 13.100134, "volume": 91841, "typical_volume": 130531.35, "trend": 13.223366, "fair_value": 14.637843, "relative_strength": -11.6476, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.46665, "energy": 17.218556, "activity_lines": [ 13.090049, 13.028555, 13.058043, 13.164567 ] }, { "date": "2024-06-07", "close": 12.733047, "volume": 79021, "typical_volume": 128311.1, "trend": 13.240626, "fair_value": 14.604783, "relative_strength": -14.782614, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.853678, "energy": 20.434333, "activity_lines": [ 12.975358, 12.974224, 13.020017, 13.132933 ] }, { "date": "2024-06-14", "close": 12.587097, "volume": 110693, "typical_volume": 128307.2, "trend": 13.232961, "fair_value": 14.577208, "relative_strength": -16.709544, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.565558, "energy": 46.410215, "activity_lines": [ 12.824694, 12.906849, 12.971601, 13.09077 ] }, { "date": "2024-06-21", "close": 12.672367, "volume": 94382, "typical_volume": 126917.5, "trend": 13.229389, "fair_value": 14.546882, "relative_strength": -16.306851, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.220936, "energy": 52.59765, "activity_lines": [ 12.736113, 12.863893, 12.936906, 13.054603 ] }, { "date": "2024-06-28", "close": 12.71952, "volume": 175069, "typical_volume": 129856.35, "trend": 13.214656, "fair_value": 14.518567, "relative_strength": -15.534043, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.015136, "energy": 55.756296, "activity_lines": [ 12.707639, 12.830442, 12.909978, 13.021708 ] }, { "date": "2024-07-05", "close": 12.63051, "volume": 90715, "typical_volume": 123510.55, "trend": 13.191842, "fair_value": 14.490861, "relative_strength": -17.254952, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.596247, "energy": 57.104473, "activity_lines": [ 12.663665, 12.782153, 12.876551, 12.984021 ] }, { "date": "2024-07-12", "close": 13.333689, "volume": 197510, "typical_volume": 126121.2, "trend": 13.172861, "fair_value": 14.470488, "relative_strength": -13.073938, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.744033, "energy": 11.601407, "activity_lines": [ 12.885392, 12.865948, 12.913173, 12.993173 ] }, { "date": "2024-07-19", "close": 13.70753, "volume": 183387, "typical_volume": 125108.7, "trend": 13.157457, "fair_value": 14.451778, "relative_strength": -8.493257, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.035375, "energy": 25.1228, "activity_lines": [ 13.19169, 13.010251, 12.984277, 13.027667 ] }, { "date": "2024-07-26", "close": 14.150012, "volume": 153958, "typical_volume": 122156.8, "trend": 13.157947, "fair_value": 14.43495, "relative_strength": -4.458462, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 52.975721, "energy": 58.700534, "activity_lines": [ 13.570786, 13.223814, 13.094539, 13.091703 ] }, { "date": "2024-08-02", "close": 13.73831, "volume": 151670, "typical_volume": 121409.9, "trend": 13.155584, "fair_value": 14.415154, "relative_strength": -4.90504, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.597926, "energy": 58.96483, "activity_lines": [ 13.714138, 13.347762, 13.160541, 13.129146 ] }, { "date": "2024-08-09", "close": 13.469809, "volume": 196148, "typical_volume": 124813.25, "trend": 13.146275, "fair_value": 14.393292, "relative_strength": -6.427459, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 60.050744, "energy": 69.122282, "activity_lines": [ 13.700071, 13.408233, 13.197344, 13.149419 ] }, { "date": "2024-08-16", "close": 13.72041, "volume": 336198, "typical_volume": 137466.7, "trend": 13.154621, "fair_value": 14.374007, "relative_strength": -7.988933, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.848551, "energy": 64.490326, "activity_lines": [ 13.713585, 13.507545, 13.256142, 13.18646 ] }, { "date": "2024-08-23", "close": 14.002665, "volume": 335397, "typical_volume": 147261.9, "trend": 13.1626, "fair_value": 14.354786, "relative_strength": -7.062044, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.161516, "energy": 49.326118, "activity_lines": [ 13.795402, 13.640225, 13.340654, 13.241172 ] }, { "date": "2024-08-30", "close": 14.05666, "volume": 186536, "typical_volume": 152322.95, "trend": 13.185814, "fair_value": 14.335826, "relative_strength": -6.610626, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.707113, "energy": 48.637394, "activity_lines": [ 13.875541, 13.756985, 13.425902, 13.298853 ] }, { "date": "2024-09-06", "close": 13.570706, "volume": 220014, "typical_volume": 158122.55, "trend": 13.200342, "fair_value": 14.317271, "relative_strength": -5.653766, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.067891, "energy": 41.250425, "activity_lines": [ 13.79992, 13.76022, 13.458521, 13.323685 ] }, { "date": "2024-09-13", "close": 13.759688, "volume": 209110, "typical_volume": 164812.95, "trend": 13.216423, "fair_value": 14.300527, "relative_strength": -7.667205, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.367081, "energy": 37.94425, "activity_lines": [ 13.798466, 13.78234, 13.505438, 13.359772 ] }, { "date": "2024-09-20", "close": 13.885676, "volume": 201768, "typical_volume": 170955.95, "trend": 13.242671, "fair_value": 14.284287, "relative_strength": -7.764699, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.784275, "energy": 35.371892, "activity_lines": [ 13.819682, 13.806836, 13.560085, 13.40295 ] }, { "date": "2024-09-27", "close": 13.905631, "volume": 186960, "typical_volume": 170733.85, "trend": 13.270163, "fair_value": 14.267517, "relative_strength": -7.789354, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.032178, "energy": 31.530706, "activity_lines": [ 13.836533, 13.824924, 13.612049, 13.445721 ] }, { "date": "2024-10-04", "close": 13.679449, "volume": 288180, "typical_volume": 178985.15, "trend": 13.289827, "fair_value": 14.248267, "relative_strength": -9.214586, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.70402, "energy": 24.690114, "activity_lines": [ 13.784459, 13.798286, 13.638598, 13.472127 ] }, { "date": "2024-10-11", "close": 13.598024, "volume": 251246, "typical_volume": 186990.15, "trend": 13.31054, "fair_value": 14.227551, "relative_strength": -10.451727, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.04859, "energy": 20.820271, "activity_lines": [ 13.73039, 13.7654, 13.655767, 13.49201 ] }, { "date": "2024-10-18", "close": 13.94182, "volume": 308070, "typical_volume": 197801.6, "trend": 13.339377, "fair_value": 14.208232, "relative_strength": -8.655846, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.067264, "energy": 24.629859, "activity_lines": [ 13.789099, 13.797572, 13.702507, 13.532738 ] }, { "date": "2024-10-25", "close": 13.50161, "volume": 290926, "typical_volume": 208396.85, "trend": 13.34026, "fair_value": 14.188064, "relative_strength": -10.354875, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.648829, "energy": 15.090244, "activity_lines": [ 13.688929, 13.741124, 13.703315, 13.543205 ] }, { "date": "2024-11-01", "close": 13.274157, "volume": 230153, "typical_volume": 214369.85, "trend": 13.346815, "fair_value": 14.162869, "relative_strength": -10.213251, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.552325, "energy": 8.230688, "activity_lines": [ 13.538545, 13.6473, 13.6788, 13.53894 ] }, { "date": "2024-11-08", "close": 14.08389, "volume": 303593, "typical_volume": 224830.4, "trend": 13.392159, "fair_value": 14.143354, "relative_strength": -8.751176, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.529785, "energy": 17.324089, "activity_lines": [ 13.700171, 13.713945, 13.728132, 13.586493 ] }, { "date": "2024-11-15", "close": 13.710867, "volume": 325630, "typical_volume": 232358.45, "trend": 13.422738, "fair_value": 14.123644, "relative_strength": -8.914071, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.141894, "energy": 10.135554, "activity_lines": [ 13.710494, 13.712272, 13.735215, 13.607055 ] }, { "date": "2024-11-22", "close": 14.154683, "volume": 272804, "typical_volume": 241462.9, "trend": 13.465781, "fair_value": 14.109302, "relative_strength": -7.181744, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 58.805205, "energy": 32.456745, "activity_lines": [ 13.861232, 13.788745, 13.779846, 13.654277 ] }, { "date": "2024-11-29", "close": 14.301079, "volume": 276784, "typical_volume": 245426.6, "trend": 13.51171, "fair_value": 14.096739, "relative_strength": -6.945497, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 63.955107, "energy": 57.999504, "activity_lines": [ 14.046578, 13.884654, 13.831162, 13.708168 ] }, { "date": "2024-12-06", "close": 13.989987, "volume": 338818, "typical_volume": 253198.15, "trend": 13.541643, "fair_value": 14.07998, "relative_strength": -9.326225, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.967982, "energy": 51.670983, "activity_lines": [ 14.074928, 13.916448, 13.848243, 13.739024 ] }, { "date": "2024-12-13", "close": 14.044886, "volume": 273913, "typical_volume": 259195.9, "trend": 13.565199, "fair_value": 14.0646, "relative_strength": -7.963769, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.010677, "energy": 53.209177, "activity_lines": [ 14.073857, 13.95669, 13.869208, 13.771492 ] }, { "date": "2024-12-20", "close": 13.404402, "volume": 375622, "typical_volume": 270393.5, "trend": 13.580944, "fair_value": 14.042498, "relative_strength": -9.997048, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 16.516841, "energy": 11.797798, "activity_lines": [ 13.86189, 13.873835, 13.829675, 13.761118 ] }, { "date": "2024-12-27", "close": 13.345842, "volume": 277316, "typical_volume": 274451.9, "trend": 13.589134, "fair_value": 14.018822, "relative_strength": -10.445848, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -2.233039, "energy": 11.261869, "activity_lines": [ 13.650835, 13.783854, 13.786155, 13.74595 ] }, { "date": "2025-01-03", "close": 13.520718, "volume": 321294, "typical_volume": 273706.7, "trend": 13.61539, "fair_value": 13.994505, "relative_strength": -8.307096, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.033434, "energy": 20.725411, "activity_lines": [ 13.551995, 13.736505, 13.75988, 13.741536 ] }, { "date": "2025-01-10", "close": 12.959272, "volume": 362275, "typical_volume": 275050.6, "trend": 13.627796, "fair_value": 13.966685, "relative_strength": -9.900465, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -46.694839, "energy": 44.757818, "activity_lines": [ 13.31803, 13.586727, 13.681084, 13.699206 ] }, { "date": "2025-01-17", "close": 13.631167, "volume": 297810, "typical_volume": 280614.3, "trend": 13.659756, "fair_value": 13.948631, "relative_strength": -7.547041, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.891778, "energy": 42.989978, "activity_lines": [ 13.376744, 13.564837, 13.671248, 13.699423 ] }, { "date": "2025-01-24", "close": 13.441622, "volume": 294822, "typical_volume": 284354.7, "trend": 13.683826, "fair_value": 13.930277, "relative_strength": -9.935008, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.247087, "energy": 35.699895, "activity_lines": [ 13.399858, 13.516715, 13.645385, 13.68535 ] }, { "date": "2025-01-31", "close": 13.441622, "volume": 299627, "typical_volume": 288880.55, "trend": 13.710863, "fair_value": 13.913172, "relative_strength": -8.654162, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -51.016814, "energy": 33.891079, "activity_lines": [ 13.420491, 13.473489, 13.620137, 13.669724 ] }, { "date": "2025-02-07", "close": 13.210189, "volume": 218436, "typical_volume": 289713.95, "trend": 13.706746, "fair_value": 13.895175, "relative_strength": -9.746764, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.275039, "energy": 31.094531, "activity_lines": [ 13.357594, 13.401149, 13.574363, 13.637422 ] }, { "date": "2025-02-14", "close": 13.441622, "volume": 191609, "typical_volume": 289946.4, "trend": 13.697882, "fair_value": 13.878311, "relative_strength": -9.161102, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -39.733548, "energy": 24.415863, "activity_lines": [ 13.392543, 13.390722, 13.553846, 13.620318 ] }, { "date": "2025-02-21", "close": 13.330534, "volume": 139835, "typical_volume": 282529.15, "trend": 13.670567, "fair_value": 13.86028, "relative_strength": -8.162285, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.995395, "energy": 29.620685, "activity_lines": [ 13.358306, 13.370067, 13.52496, 13.596618 ] }, { "date": "2025-02-28", "close": 13.456988, "volume": 216949, "typical_volume": 280814.3, "trend": 13.661189, "fair_value": 13.841031, "relative_strength": -6.154803, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.795956, "energy": 23.39511, "activity_lines": [ 13.386263, 13.385393, 13.509778, 13.582838 ] }, { "date": "2025-03-07", "close": 13.36386, "volume": 280171, "typical_volume": 279419.35, "trend": 13.657658, "fair_value": 13.821609, "relative_strength": -3.641862, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.16276, "energy": 23.450604, "activity_lines": [ 13.382152, 13.382829, 13.486398, 13.563656 ] }, { "date": "2025-03-14", "close": 13.075163, "volume": 259031, "typical_volume": 277824.6, "trend": 13.636149, "fair_value": 13.79847, "relative_strength": -3.336993, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.756496, "energy": 33.191998, "activity_lines": [ 13.286994, 13.327448, 13.438275, 13.526076 ] }, { "date": "2025-03-21", "close": 13.009974, "volume": 231077, "typical_volume": 277870.8, "trend": 13.60306, "fair_value": 13.773778, "relative_strength": -4.12722, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.943008, "energy": 46.749818, "activity_lines": [ 13.179107, 13.268315, 13.385975, 13.485677 ] }, { "date": "2025-03-28", "close": 12.939822, "volume": 292056, "typical_volume": 277293.95, "trend": 13.565832, "fair_value": 13.747398, "relative_strength": -2.999226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.407077, "energy": 59.38631, "activity_lines": [ 13.076614, 13.195506, 13.328251, 13.442888 ] }, { "date": "2025-04-04", "close": 12.115271, "volume": 403991, "typical_volume": 281212.0, "trend": 13.517317, "fair_value": 13.719512, "relative_strength": 0.000669, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.27384, "energy": 81.171539, "activity_lines": [ 12.725317, 12.985348, 13.197447, 13.349303 ] }, { "date": "2025-04-11", "close": 11.646776, "volume": 396182, "typical_volume": 287380.9, "trend": 13.446887, "fair_value": 13.687893, "relative_strength": -8.77696, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.341702, "energy": 90.403102, "activity_lines": [ 12.307303, 12.714125, 13.029623, 13.228623 ] }, { "date": "2025-04-18", "close": 11.927873, "volume": 153190, "typical_volume": 281201.2, "trend": 13.381627, "fair_value": 13.659669, "relative_strength": -4.970925, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.475158, "energy": 90.431183, "activity_lines": [ 12.09746, 12.526643, 12.900511, 13.130622 ] }, { "date": "2025-04-25", "close": 12.210689, "volume": 249575, "typical_volume": 276739.05, "trend": 13.325129, "fair_value": 13.638502, "relative_strength": -6.738643, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.208289, "energy": 84.712161, "activity_lines": [ 12.058375, 12.413898, 12.809636, 13.055078 ] }, { "date": "2025-05-02", "close": 12.493344, "volume": 315515, "typical_volume": 278819.15, "trend": 13.285592, "fair_value": 13.618586, "relative_strength": -7.026623, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.268062, "energy": 70.820446, "activity_lines": [ 12.166795, 12.374925, 12.754153, 13.001414 ] }, { "date": "2025-05-09", "close": 12.455656, "volume": 182648, "typical_volume": 269170.45, "trend": 13.247513, "fair_value": 13.598603, "relative_strength": -6.653374, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.72242, "energy": 45.937267, "activity_lines": [ 12.292416, 12.344322, 12.702469, 12.94787 ] }, { "date": "2025-05-16", "close": 12.851373, "volume": 227390, "typical_volume": 266674.15, "trend": 13.211165, "fair_value": 13.5818, "relative_strength": -8.237773, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.551232, "energy": 25.250827, "activity_lines": [ 12.527251, 12.403873, 12.692991, 12.922313 ] }, { "date": "2025-05-23", "close": 12.318878, "volume": 273035, "typical_volume": 264261.2, "trend": 13.17174, "fair_value": 13.55622, "relative_strength": -9.492137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.110546, "energy": 23.337297, "activity_lines": [ 12.504282, 12.375924, 12.635153, 12.864746 ] }, { "date": "2025-05-30", "close": 12.52757, "volume": 243757, "typical_volume": 258335.3, "trend": 13.146854, "fair_value": 13.532397, "relative_strength": -9.274657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.698761, "energy": 20.432314, "activity_lines": [ 12.524809, 12.39967, 12.602913, 12.823186 ] }, { "date": "2025-06-06", "close": 12.612221, "volume": 195872, "typical_volume": 253238.4, "trend": 13.097798, "fair_value": 13.511704, "relative_strength": -9.919038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.892065, "energy": 19.026799, "activity_lines": [ 12.552428, 12.447579, 12.580791, 12.788694 ] }, { "date": "2025-06-13", "close": 12.631348, "volume": 208827, "typical_volume": 248938.65, "trend": 13.061814, "fair_value": 13.500278, "relative_strength": -9.285363, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.766397, "energy": 18.665511, "activity_lines": [ 12.578498, 12.504921, 12.565343, 12.7586 ] }, { "date": "2025-06-20", "close": 12.608623, "volume": 169084, "typical_volume": 242411.5, "trend": 13.010279, "fair_value": 13.482359, "relative_strength": -9.127676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.808759, "energy": 14.658359, "activity_lines": [ 12.585279, 12.548748, 12.551589, 12.729362 ] }, { "date": "2025-06-27", "close": 12.789638, "volume": 292612, "typical_volume": 246120.3, "trend": 12.959898, "fair_value": 13.464628, "relative_strength": -10.704988, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.66433, "energy": 10.485199, "activity_lines": [ 12.668583, 12.607999, 12.559042, 12.715127 ] }, { "date": "2025-07-04", "close": 13.148315, "volume": 268567, "typical_volume": 249968.2, "trend": 12.931842, "fair_value": 13.451195, "relative_strength": -9.580374, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.032409, "energy": 16.704075, "activity_lines": [ 12.840061, 12.716796, 12.602656, 12.727283 ] }, { "date": "2025-07-11", "close": 13.049655, "volume": 210110, "typical_volume": 253481.95, "trend": 12.898668, "fair_value": 13.437237, "relative_strength": -9.773997, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.15144, "energy": 39.674897, "activity_lines": [ 12.93727, 12.790607, 12.638272, 12.734884 ] }, { "date": "2025-07-18", "close": 12.77727, "volume": 226767, "typical_volume": 253972.85, "trend": 12.877763, "fair_value": 13.420678, "relative_strength": -11.855181, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.54137, "energy": 37.46133, "activity_lines": [ 12.914521, 12.804778, 12.649283, 12.727052 ] }, { "date": "2025-07-25", "close": 12.875178, "volume": 288340, "typical_volume": 254381.3, "trend": 12.862074, "fair_value": 13.400252, "relative_strength": -12.060064, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.7515, "energy": 37.750589, "activity_lines": [ 12.91468, 12.830903, 12.672855, 12.726885 ] }, { "date": "2025-08-01", "close": 12.339907, "volume": 295221, "typical_volume": 256190.8, "trend": 12.822714, "fair_value": 13.380174, "relative_strength": -13.176779, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -39.581887, "energy": 18.003002, "activity_lines": [ 12.718645, 12.759274, 12.647777, 12.693197 ] }, { "date": "2025-08-08", "close": 12.44505, "volume": 209953, "typical_volume": 255134.6, "trend": 12.805573, "fair_value": 13.357607, "relative_strength": -14.124152, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.397861, "energy": 27.413403, "activity_lines": [ 12.58764, 12.706379, 12.636213, 12.668832 ] }, { "date": "2025-08-15", "close": 12.731802, "volume": 198106, "typical_volume": 250437.1, "trend": 12.775594, "fair_value": 13.338382, "relative_strength": -12.610578, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.084893, "energy": 22.230063, "activity_lines": [ 12.599104, 12.707121, 12.654649, 12.664072 ] }, { "date": "2025-08-22", "close": 13.202538, "volume": 289880, "typical_volume": 244731.55, "trend": 12.767625, "fair_value": 13.325181, "relative_strength": -9.275309, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 24.409759, "energy": 14.228248, "activity_lines": [ 12.788669, 12.791277, 12.718908, 12.691617 ] }, { "date": "2025-08-29", "close": 13.231343, "volume": 225235, "typical_volume": 236184.2, "trend": 12.760616, "fair_value": 13.317269, "relative_strength": -8.671948, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 39.222809, "energy": 42.908527, "activity_lines": [ 12.959485, 12.870285, 12.780732, 12.721534 ] }, { "date": "2025-09-05", "close": 13.31776, "volume": 377512, "typical_volume": 247400.3, "trend": 12.764201, "fair_value": 13.307825, "relative_strength": -8.004469, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.420878, "energy": 59.568866, "activity_lines": [ 13.135363, 12.953683, 12.843242, 12.757479 ] }, { "date": "2025-09-12", "close": 13.183334, "volume": 221020, "typical_volume": 245972.55, "trend": 12.755592, "fair_value": 13.300686, "relative_strength": -9.97543, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 59.583305, "energy": 69.201509, "activity_lines": [ 13.201241, 13.003038, 12.88633, 12.78452 ] }, { "date": "2025-09-19", "close": 13.05851, "volume": 380168, "typical_volume": 249205.2, "trend": 12.746524, "fair_value": 13.298375, "relative_strength": -11.530801, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.549278, "energy": 63.314465, "activity_lines": [ 13.176293, 13.029061, 12.912898, 12.804063 ] }, { "date": "2025-09-26", "close": 12.96288, "volume": 248811, "typical_volume": 252513.35, "trend": 12.730054, "fair_value": 13.301322, "relative_strength": -11.54363, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.179962, "energy": 38.782453, "activity_lines": [ 13.097687, 13.037536, 12.927668, 12.818021 ] }, { "date": "2025-10-03", "close": 13.011105, "volume": 209868, "typical_volume": 251637.25, "trend": 12.718296, "fair_value": 13.305444, "relative_strength": -11.833517, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.741009, "energy": 22.68045, "activity_lines": [ 13.051134, 13.051404, 12.944615, 12.836154 ] }, { "date": "2025-10-10", "close": 12.44205, "volume": 234447, "typical_volume": 249707.85, "trend": 12.697192, "fair_value": 13.304292, "relative_strength": -13.244264, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 5.595945, "energy": 12.001078, "activity_lines": [ 12.829578, 12.959336, 12.906606, 12.818331 ] }, { "date": "2025-10-17", "close": 12.61566, "volume": 178762, "typical_volume": 246458.1, "trend": 12.684048, "fair_value": 13.301858, "relative_strength": -13.147508, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.767306, "energy": 18.516304, "activity_lines": [ 12.724272, 12.896977, 12.884545, 12.813071 ] }, { "date": "2025-10-24", "close": 12.81933, "volume": 211623, "typical_volume": 247245.65, "trend": 12.680032, "fair_value": 13.292928, "relative_strength": -13.063975, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.664099, "energy": 16.933286, "activity_lines": [ 12.724702, 12.868546, 12.881461, 12.821799 ] }, { "date": "2025-10-31", "close": 12.286402, "volume": 272976, "typical_volume": 250453.1, "trend": 12.685736, "fair_value": 13.281618, "relative_strength": -16.860839, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.5441, "energy": 36.603739, "activity_lines": [ 12.563434, 12.741628, 12.826636, 12.796404 ] }, { "date": "2025-11-07", "close": 12.340761, "volume": 193327, "typical_volume": 251665.25, "trend": 12.708869, "fair_value": 13.267418, "relative_strength": -14.701162, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.035426, "energy": 45.027017, "activity_lines": [ 12.465385, 12.641251, 12.77863, 12.774147 ] }, { "date": "2025-11-14", "close": 12.310433, "volume": 249190, "typical_volume": 249494.15, "trend": 12.721621, "fair_value": 13.255159, "relative_strength": -14.623476, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.460033, "energy": 51.585237, "activity_lines": [ 12.401916, 12.551551, 12.729012, 12.748442 ] }, { "date": "2025-11-21", "close": 12.228265, "volume": 172113, "typical_volume": 244671.45, "trend": 12.722207, "fair_value": 13.240129, "relative_strength": -13.10487, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.916072, "energy": 68.57834, "activity_lines": [ 12.319832, 12.465228, 12.67385, 12.716612 ] }, { "date": "2025-11-28", "close": 12.54151, "volume": 174862, "typical_volume": 242909.05, "trend": 12.723812, "fair_value": 13.226212, "relative_strength": -13.61462, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.233201, "energy": 47.302607, "activity_lines": [ 12.367989, 12.453222, 12.652903, 12.704954 ] }, { "date": "2025-12-05", "close": 12.483087, "volume": 209362, "typical_volume": 242038.8, "trend": 12.724727, "fair_value": 13.215014, "relative_strength": -13.908727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.795134, "energy": 34.530304, "activity_lines": [ 12.415193, 12.439994, 12.62881, 12.689424 ] }, { "date": "2025-12-12", "close": 12.765466, "volume": 279015, "typical_volume": 241572.55, "trend": 12.721863, "fair_value": 13.208166, "relative_strength": -11.065369, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.157793, "energy": 17.256591, "activity_lines": [ 12.543411, 12.486832, 12.633012, 12.692052 ] }, { "date": "2025-12-19", "close": 12.668094, "volume": 289451, "typical_volume": 241284.05, "trend": 12.733504, "fair_value": 13.200157, "relative_strength": -11.501432, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.001084, "energy": 19.490425, "activity_lines": [ 12.610859, 12.520431, 12.628463, 12.688583 ] }, { "date": "2025-12-26", "close": 12.630824, "volume": 173461, "typical_volume": 239459.45, "trend": 12.736945, "fair_value": 13.193171, "relative_strength": -12.65325, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.840806, "energy": 18.434519, "activity_lines": [ 12.642039, 12.543145, 12.618802, 12.681959 ] }, { "date": "2026-01-02", "close": 12.630824, "volume": 213072, "typical_volume": 240207.75, "trend": 12.737565, "fair_value": 13.182254, "relative_strength": -11.364447, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.339983, "energy": 17.371843, "activity_lines": [ 12.646381, 12.565582, 12.608256, 12.675112 ] }, { "date": "2026-01-09", "close": 13.022174, "volume": 369830, "typical_volume": 244205.25, "trend": 12.750593, "fair_value": 13.169092, "relative_strength": -9.735057, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.981787, "energy": 19.84942, "activity_lines": [ 12.775219, 12.662602, 12.635462, 12.693474 ] }, { "date": "2026-01-16", "close": 13.526038, "volume": 314458, "typical_volume": 248666.4, "trend": 12.781173, "fair_value": 13.159924, "relative_strength": -5.608207, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 43.10134, "energy": 52.07562, "activity_lines": [ 13.036073, 12.837855, 12.711514, 12.743503 ] }, { "date": "2026-01-23", "close": 13.387153, "volume": 165605, "typical_volume": 238071.05, "trend": 12.801091, "fair_value": 13.148214, "relative_strength": -5.991097, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.754862, "energy": 58.822745, "activity_lines": [ 13.199927, 12.966306, 12.772936, 12.782598 ] }, { "date": "2026-01-30", "close": 13.340367, "volume": 201440, "typical_volume": 237092.05, "trend": 12.807492, "fair_value": 13.132572, "relative_strength": -6.401563, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.44509, "energy": 76.267582, "activity_lines": [ 13.300249, 13.066674, 12.829571, 12.81739 ] }, { "date": "2026-02-06", "close": 13.62305, "volume": 358944, "typical_volume": 236030.85, "trend": 12.826605, "fair_value": 13.123862, "relative_strength": -4.005476, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.397076, "energy": 83.247889, "activity_lines": [ 13.447495, 13.198219, 12.912381, 12.870007 ] }, { "date": "2026-02-13", "close": 13.544417, "volume": 203682, "typical_volume": 233774.4, "trend": 12.852177, "fair_value": 13.1127, "relative_strength": -3.09679, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.616945, "energy": 77.965039, "activity_lines": [ 13.502382, 13.295803, 12.985014, 12.916317 ] }, { "date": "2026-02-20", "close": 13.465785, "volume": 116003, "typical_volume": 229081.15, "trend": 12.871864, "fair_value": 13.104773, "relative_strength": -4.46838, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.627575, "energy": 70.366561, "activity_lines": [ 13.496242, 13.359793, 13.047389, 12.955905 ] }, { "date": "2026-02-27", "close": 13.361317, "volume": 157196, "typical_volume": 225218.6, "trend": 12.905911, "fair_value": 13.09595, "relative_strength": -4.425312, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.044549, "energy": 52.640059, "activity_lines": [ 13.459296, 13.392055, 13.097649, 12.987482 ] }, { "date": "2026-03-06", "close": 13.252689, "volume": 277775, "typical_volume": 230169.25, "trend": 12.932832, "fair_value": 13.094128, "relative_strength": -2.93856, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.327193, "energy": 36.117403, "activity_lines": [ 13.387863, 13.391963, 13.133186, 13.009855 ] }, { "date": "2026-03-13", "close": 12.82805, "volume": 126806, "typical_volume": 225928.4, "trend": 12.936041, "fair_value": 13.094075, "relative_strength": -4.242275, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.048543, "energy": 17.762489, "activity_lines": [ 13.18073, 13.303357, 13.125248, 13.003095 ] }, { "date": "2026-03-20", "close": 12.529815, "volume": 249328, "typical_volume": 224746.0, "trend": 12.913616, "fair_value": 13.091983, "relative_strength": -4.389998, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.098052, "energy": 18.876339, "activity_lines": [ 12.927184, 13.156941, 13.088865, 12.976887 ] }, { "date": "2026-03-27", "close": 12.762297, "volume": 260312, "typical_volume": 228095.25, "trend": 12.897982, "fair_value": 13.08717, "relative_strength": -0.066186, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.068954, "energy": 28.946311, "activity_lines": [ 12.818773, 13.061747, 13.073464, 12.967124 ] }, { "date": "2026-04-03", "close": 13.089535, "volume": 292092, "typical_volume": 230240.35, "trend": 12.890374, "fair_value": 13.085144, "relative_strength": -0.493461, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.579385, "energy": 25.227586, "activity_lines": [ 12.86634, 13.039936, 13.087222, 12.979483 ] }, { "date": "2026-04-10", "close": 13.337443, "volume": 336373, "typical_volume": 238453.35, "trend": 12.895511, "fair_value": 13.085765, "relative_strength": -1.906126, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.654583, "energy": 18.759554, "activity_lines": [ 13.014662, 13.068611, 13.120879, 13.008326 ] }, { "date": "2026-04-17", "close": 13.674598, "volume": 157610, "typical_volume": 237590.75, "trend": 12.916047, "fair_value": 13.088768, "relative_strength": -3.431578, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.835021, "energy": 34.508694, "activity_lines": [ 13.269718, 13.158639, 13.181365, 13.05859 ] }, { "date": "2026-04-24", "close": 13.620298, "volume": 112496, "typical_volume": 232747.45, "trend": 12.937961, "fair_value": 13.091428, "relative_strength": -4.016689, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.485559, "energy": 59.600622, "activity_lines": [ 13.450239, 13.237858, 13.231284, 13.104025 ] }, { "date": "2026-05-01", "close": 13.788939, "volume": 90308, "typical_volume": 223312.1, "trend": 12.963889, "fair_value": 13.097976, "relative_strength": -3.437588, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.816561, "energy": 74.07276, "activity_lines": [ 13.614273, 13.346359, 13.291848, 13.158927 ] }, { "date": "2026-05-08", "close": 13.580617, "volume": 148993, "typical_volume": 216289.2, "trend": 13.001841, "fair_value": 13.105118, "relative_strength": -6.730239, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.467829, "energy": 71.699424, "activity_lines": [ 13.640425, 13.411108, 13.327699, 13.198716 ] }, { "date": "2026-05-15", "close": 13.128162, "volume": 119690, "typical_volume": 213600.65, "trend": 13.018925, "fair_value": 13.108771, "relative_strength": -9.664521, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.687603, "energy": 43.120229, "activity_lines": [ 13.483019, 13.389605, 13.316113, 13.206865 ] }, { "date": "2026-05-22", "close": 13.488252, "volume": 433248, "typical_volume": 224609.45, "trend": 13.041222, "fair_value": 13.115718, "relative_strength": -7.682661, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.575037, "energy": 31.717843, "activity_lines": [ 13.459596, 13.435837, 13.336454, 13.237145 ] }, { "date": "2026-05-29", "close": 13.557984, "volume": 96734, "typical_volume": 210954.65, "trend": 13.083608, "fair_value": 13.11997, "relative_strength": -8.212922, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.58837, "energy": 24.061232, "activity_lines": [ 13.471839, 13.482744, 13.359352, 13.270484 ] }, { "date": "2026-06-05", "close": 13.538061, "volume": 182940, "typical_volume": 204378.75, "trend": 13.123518, "fair_value": 13.122947, "relative_strength": -5.722787, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.883769, "energy": 21.112305, "activity_lines": [ 13.481596, 13.507335, 13.377802, 13.299804 ] }, { "date": "2026-06-12", "close": 13.856838, "volume": 149264, "typical_volume": 203561.7, "trend": 13.175065, "fair_value": 13.127135, "relative_strength": -3.790834, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 68.747547, "energy": 42.05653, "activity_lines": [ 13.614337, 13.57578, 13.426554, 13.347115 ] }, { "date": "2026-06-19", "close": 13.62184, "volume": 102239, "typical_volume": 198601.65, "trend": 13.221517, "fair_value": 13.132946, "relative_strength": -5.995275, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.460331, "energy": 45.680094, "activity_lines": [ 13.65033, 13.587548, 13.450689, 13.375939 ] }, { "date": "2026-06-26", "close": 14.172428, "volume": 161150, "typical_volume": 188711.95, "trend": 13.275881, "fair_value": 13.138318, "relative_strength": 0.343669, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.851044, "energy": 67.83644, "activity_lines": [ 13.836941, 13.694251, 13.52592, 13.437288 ] }, { "date": "2026-07-03", "close": 14.232227, "volume": 155919, "typical_volume": 186323.8, "trend": 13.334186, "fair_value": 13.144923, "relative_strength": -1.158464, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.33485, "energy": 76.227536, "activity_lines": [ 13.997874, 13.802776, 13.60423, 13.498988 ] }, { "date": "2026-07-10", "close": 14.102662, "volume": 106256, "typical_volume": 185836.45, "trend": 13.378759, "fair_value": 13.148583, "relative_strength": -3.13904, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.629956, "energy": 71.75811, "activity_lines": [ 14.070668, 13.876617, 13.666926, 13.548567 ] }, { "date": "2026-07-17", "close": 14.620923, "volume": 126235, "typical_volume": 184288.4, "trend": 13.443854, "fair_value": 13.155233, "relative_strength": 2.088868, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.817647, "energy": 84.44214, "activity_lines": [ 14.278576, 14.038983, 13.775947, 13.628706 ] }, { "date": "2026-07-24", "close": 14.26, "volume": 178963, "typical_volume": 179347.8, "trend": 13.498159, "fair_value": 13.159071, "relative_strength": 0.269773, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.456292, "energy": 72.144448, "activity_lines": [ 14.315237, 14.116813, 13.844596, 13.681361 ] }, { "date": "2026-07-31", "close": 14.17, "volume": 139379, "typical_volume": 179976.45, "trend": 13.549465, "fair_value": 13.163456, "relative_strength": -1.335082, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.454552, "energy": 50.493259, "activity_lines": [ 14.279355, 14.1577, 13.899877, 13.724705 ] }, { "date": "2026-08-07", "close": 14.445, "volume": 111639, "typical_volume": 173092.0, "trend": 13.596893, "fair_value": 13.169925, "relative_strength": -2.728281, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.875988, "energy": 52.770848, "activity_lines": [ 14.335301, 14.236192, 13.974958, 13.782482 ] } ], "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." } } }