{ "ticker": { "uuid": "2b2d6c0e-211b-4fc4-8544-97113cbb38b3", "symbol": "FILA", "name": "F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A.", "exchange": "MIL", "country": "IT", "assetType": "equity" }, "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": 54.561, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 73.407, "architecture_energy": 45.363, "architecture_maturity": 15.27, "architecture_confidence": 76.181, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 26.54, "rotation_up": 56.91, "upward_expansion": 77.32, "deceleration": 55.86, "rotation_down": 20.72, "downward_expansion": 10.98 }, "activity_lines": [ 9.452667, 9.334909, 9.174067, 9.094226 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 10.09, "trend_reference": 9.0422, "distance_from_trend": 0.115879, "trend_direction": "Weakening", "fair_value": 8.219175, "distance_from_fair_value": 0.227617, "fair_value_direction": "Improving", "relative_strength": -3.980523, "relative_strength_direction": "Improving", "price_momentum": 0.141454, "excess_performance": -0.029438, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.115879, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.004895, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.227617, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.126405, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.039805, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.094366, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.141454, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.729174, "read": "Demand-led" } ], "volume": { "latest": 1865152, "relative_activity": 2.775653, "balance": 1.729174, "dry_up": 1.290007, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.049345, "annualized_volatility": 0.34691, "from_high_reference": -0.001978, "from_low_reference": 0.342539 }, "levels": { "trend_reference": 9.0422, "fair_value_reference": 8.219175, "structural_low": 7.515609, "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": 18, "median_return": 0.008688, "positive_rate": 0.555556, "directional_follow_through": 0.555556, "median_excess_return": -0.010886, "regime_survival": 0.5, "best_return": 0.084011, "worst_return": -0.165067, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.027778, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.015961, "regime_survival": 0.222222, "best_return": 0.192175, "worst_return": -0.124387, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.002959, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.080086, "regime_survival": 0.166667, "best_return": 0.150748, "worst_return": -0.28738, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.117324, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.066956, "regime_survival": 0.25, "best_return": 0.235172, "worst_return": -0.348247, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-22", "end": "2024-12-13", "tenure": "New", "return": 0.106428, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-03-14", "tenure": "Established", "return": -0.02907, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-03-21", "tenure": "New", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-28", "end": "2025-06-06", "tenure": "Developing", "return": -0.087165, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-08-08", "tenure": "Developing", "return": -0.109489, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-15", "end": "2025-10-03", "tenure": "Developing", "return": 0.130584, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-10", "end": "2025-10-17", "tenure": "New", "return": -0.012397, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-10-24", "end": "2025-12-05", "tenure": "Developing", "return": 0.043716, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-12", "end": "2026-01-30", "tenure": "Developing", "return": -0.061475, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-06", "end": "2026-03-06", "tenure": "Developing", "return": -0.015419, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-13", "end": "2026-04-10", "tenure": "Developing", "return": 0.110478, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-07-03", "tenure": "Developing", "return": 0.034187, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-10", "end": "2026-07-17", "tenure": "New", "return": -0.0443, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.122983, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 6.440423, "volume": 154770, "typical_volume": 270024.25, "trend": 5.980246, "fair_value": 6.669469, "relative_strength": 2.001157, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.420735, "energy": 65.317053, "activity_lines": [ 6.480959, 6.372055, 6.265859, 6.12768 ] }, { "date": "2023-08-25", "close": 6.696441, "volume": 546097, "typical_volume": 287523.0, "trend": 6.008222, "fair_value": 6.675928, "relative_strength": 4.75405, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.369523, "energy": 71.575383, "activity_lines": [ 6.562565, 6.44086, 6.320746, 6.173886 ] }, { "date": "2023-09-01", "close": 6.664438, "volume": 385983, "typical_volume": 298193.6, "trend": 6.041955, "fair_value": 6.683931, "relative_strength": 2.984887, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.354663, "energy": 53.524997, "activity_lines": [ 6.600967, 6.498464, 6.367277, 6.216222 ] }, { "date": "2023-09-08", "close": 6.544431, "volume": 276800, "typical_volume": 307573.9, "trend": 6.064339, "fair_value": 6.689415, "relative_strength": 2.934594, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.369823, "energy": 43.935083, "activity_lines": [ 6.586033, 6.525229, 6.397447, 6.24864 ] }, { "date": "2023-09-15", "close": 6.208409, "volume": 208115, "typical_volume": 281814.65, "trend": 6.073948, "fair_value": 6.693037, "relative_strength": -4.233872, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.497351, "energy": 27.834286, "activity_lines": [ 6.469759, 6.486245, 6.390993, 6.257935 ] }, { "date": "2023-09-22", "close": 6.112402, "volume": 235687, "typical_volume": 286287.2, "trend": 6.084556, "fair_value": 6.696772, "relative_strength": -4.28026, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.291803, "energy": 13.694968, "activity_lines": [ 6.33695, 6.425441, 6.373947, 6.260416 ] }, { "date": "2023-09-29", "close": 5.992393, "volume": 247315, "typical_volume": 290928.4, "trend": 6.086965, "fair_value": 6.699106, "relative_strength": -4.59777, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.366382, "energy": 18.828236, "activity_lines": [ 6.186007, 6.342526, 6.34377, 6.25447 ] }, { "date": "2023-10-06", "close": 5.896388, "volume": 152030, "typical_volume": 288857.8, "trend": 6.094308, "fair_value": 6.701165, "relative_strength": -4.253048, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.616646, "energy": 36.933285, "activity_lines": [ 6.049998, 6.246084, 6.303767, 6.242175 ] }, { "date": "2023-10-13", "close": 5.736377, "volume": 172229, "typical_volume": 257955.4, "trend": 6.104453, "fair_value": 6.702734, "relative_strength": -7.886934, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.627689, "energy": 57.242033, "activity_lines": [ 5.911855, 6.130876, 6.248563, 6.219082 ] }, { "date": "2023-10-20", "close": 5.63237, "volume": 167734, "typical_volume": 231586.05, "trend": 6.111393, "fair_value": 6.705823, "relative_strength": -6.382715, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.837769, "energy": 68.753051, "activity_lines": [ 5.792914, 6.014359, 6.186235, 6.188625 ] }, { "date": "2023-10-27", "close": 5.600368, "volume": 243863, "typical_volume": 228776.75, "trend": 6.116217, "fair_value": 6.711722, "relative_strength": -6.462442, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.168077, "energy": 69.661777, "activity_lines": [ 5.701708, 5.906716, 6.124631, 6.155656 ] }, { "date": "2023-11-03", "close": 6.024397, "volume": 144123, "typical_volume": 222441.3, "trend": 6.130976, "fair_value": 6.717519, "relative_strength": -4.009857, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.643395, "energy": 51.164429, "activity_lines": [ 5.785981, 5.891442, 6.106649, 6.149732 ] }, { "date": "2023-11-10", "close": 6.0964, "volume": 184491, "typical_volume": 225306.55, "trend": 6.146561, "fair_value": 6.718527, "relative_strength": -2.123203, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.281766, "energy": 27.476583, "activity_lines": [ 5.892121, 5.901479, 6.097315, 6.147502 ] }, { "date": "2023-11-17", "close": 6.520428, "volume": 338377, "typical_volume": 235701.8, "trend": 6.178117, "fair_value": 6.716077, "relative_strength": 1.185821, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -11.431026, "energy": 13.630688, "activity_lines": [ 6.126269, 5.99894, 6.128708, 6.171622 ] }, { "date": "2023-11-24", "close": 6.440423, "volume": 242430, "typical_volume": 242569.4, "trend": 6.195985, "fair_value": 6.715157, "relative_strength": 0.159733, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 10.039675, "energy": 24.33553, "activity_lines": [ 6.281479, 6.082291, 6.151376, 6.188545 ] }, { "date": "2023-12-01", "close": 6.560431, "volume": 459541, "typical_volume": 258912.75, "trend": 6.222839, "fair_value": 6.71486, "relative_strength": 0.375885, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.64779, "energy": 34.312047, "activity_lines": [ 6.422822, 6.183243, 6.183225, 6.212058 ] }, { "date": "2023-12-08", "close": 6.880453, "volume": 805629, "typical_volume": 294119.4, "trend": 6.257211, "fair_value": 6.717343, "relative_strength": 3.609783, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.026668, "energy": 55.723428, "activity_lines": [ 6.606834, 6.334235, 6.243344, 6.254484 ] }, { "date": "2023-12-15", "close": 6.936456, "volume": 682720, "typical_volume": 309018.25, "trend": 6.291614, "fair_value": 6.71829, "relative_strength": 4.531352, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.424108, "energy": 78.155801, "activity_lines": [ 6.752444, 6.479262, 6.305595, 6.298307 ] }, { "date": "2023-12-22", "close": 6.99246, "volume": 1272341, "typical_volume": 359457.0, "trend": 6.314015, "fair_value": 6.720616, "relative_strength": 5.403154, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.888264, "energy": 78.722734, "activity_lines": [ 6.860718, 6.615562, 6.370933, 6.343522 ] }, { "date": "2023-12-29", "close": 7.024462, "volume": 250625, "typical_volume": 358545.0, "trend": 6.334017, "fair_value": 6.721057, "relative_strength": 5.886161, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.418756, "energy": 80.055406, "activity_lines": [ 6.94819, 6.734843, 6.437947, 6.389358 ] }, { "date": "2024-01-05", "close": 6.944458, "volume": 353628, "typical_volume": 368487.9, "trend": 6.356151, "fair_value": 6.721861, "relative_strength": 4.291907, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.225073, "energy": 72.588011, "activity_lines": [ 6.970059, 6.814266, 6.49456, 6.428741 ] }, { "date": "2024-01-12", "close": 7.288479, "volume": 806907, "typical_volume": 381528.4, "trend": 6.385753, "fair_value": 6.723799, "relative_strength": 9.252766, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.990521, "energy": 73.108279, "activity_lines": [ 7.080999, 6.931801, 6.581538, 6.488891 ] }, { "date": "2024-01-19", "close": 7.088465, "volume": 377287, "typical_volume": 381093.6, "trend": 6.416422, "fair_value": 6.727422, "relative_strength": 6.817935, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.770278, "energy": 58.273165, "activity_lines": [ 7.098067, 6.989987, 6.646646, 6.534227 ] }, { "date": "2024-01-26", "close": 7.808513, "volume": 1894869, "typical_volume": 461997.05, "trend": 6.467092, "fair_value": 6.736438, "relative_strength": 16.936479, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.152047, "energy": 70.067214, "activity_lines": [ 7.345016, 7.161053, 6.778312, 6.62404 ] }, { "date": "2024-02-02", "close": 7.238611, "volume": 1006135, "typical_volume": 501898.05, "trend": 6.509432, "fair_value": 6.739905, "relative_strength": 6.963072, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.721062, "energy": 54.100402, "activity_lines": [ 7.347595, 7.20508, 6.849682, 6.673815 ] }, { "date": "2024-02-09", "close": 7.102516, "volume": 697506, "typical_volume": 524989.0, "trend": 6.54297, "fair_value": 6.738902, "relative_strength": 3.362997, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.663202, "energy": 48.79854, "activity_lines": [ 7.290531, 7.20985, 6.903185, 6.712079 ] }, { "date": "2024-02-16", "close": 7.136539, "volume": 629614, "typical_volume": 544103.95, "trend": 6.573907, "fair_value": 6.737873, "relative_strength": 1.870128, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.489609, "energy": 45.728591, "activity_lines": [ 7.234272, 7.210951, 6.955213, 6.750373 ] }, { "date": "2024-02-23", "close": 7.298154, "volume": 491320, "typical_volume": 561068.45, "trend": 6.601698, "fair_value": 6.740263, "relative_strength": 1.015593, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.705072, "energy": 36.977264, "activity_lines": [ 7.242014, 7.23678, 7.017185, 6.797099 ] }, { "date": "2024-03-01", "close": 7.332177, "volume": 557159, "typical_volume": 580314.95, "trend": 6.622623, "fair_value": 6.742773, "relative_strength": 0.682031, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.947891, "energy": 33.14441, "activity_lines": [ 7.247117, 7.262218, 7.075722, 6.844227 ] }, { "date": "2024-03-08", "close": 7.213093, "volume": 464826, "typical_volume": 595169.55, "trend": 6.648379, "fair_value": 6.740388, "relative_strength": -2.41368, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.104166, "energy": 31.465905, "activity_lines": [ 7.244282, 7.259828, 7.115319, 6.882322 ] }, { "date": "2024-03-15", "close": 7.153551, "volume": 697249, "typical_volume": 617838.85, "trend": 6.672149, "fair_value": 6.73762, "relative_strength": -4.728664, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.954787, "energy": 30.110622, "activity_lines": [ 7.2233, 7.243183, 7.141718, 6.914913 ] }, { "date": "2024-03-22", "close": 6.68572, "volume": 2179214, "typical_volume": 719593.4, "trend": 6.671792, "fair_value": 6.731951, "relative_strength": -11.893152, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.941039, "energy": 12.650867, "activity_lines": [ 7.042973, 7.137675, 7.116165, 6.915789 ] }, { "date": "2024-03-29", "close": 6.770781, "volume": 430463, "typical_volume": 731892.0, "trend": 6.675337, "fair_value": 6.726633, "relative_strength": -11.765763, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.824763, "energy": 13.156814, "activity_lines": [ 6.921053, 7.058593, 7.095564, 6.922175 ] }, { "date": "2024-04-05", "close": 6.668709, "volume": 551803, "typical_volume": 742563.3, "trend": 6.679479, "fair_value": 6.7228, "relative_strength": -11.137804, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.810191, "energy": 19.098718, "activity_lines": [ 6.800268, 6.966728, 7.062031, 6.921748 ] }, { "date": "2024-04-12", "close": 6.983431, "volume": 620003, "typical_volume": 761441.95, "trend": 6.705313, "fair_value": 6.71899, "relative_strength": -6.303134, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.557595, "energy": 18.368515, "activity_lines": [ 6.828622, 6.952809, 7.057765, 6.941357 ] }, { "date": "2024-04-19", "close": 7.315166, "volume": 813449, "typical_volume": 779137.35, "trend": 6.745406, "fair_value": 6.71794, "relative_strength": -2.434857, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.87444, "energy": 13.754738, "activity_lines": [ 6.982864, 7.003846, 7.082507, 6.980703 ] }, { "date": "2024-04-26", "close": 7.553334, "volume": 712239, "typical_volume": 774467.85, "trend": 6.797437, "fair_value": 6.720118, "relative_strength": -0.244578, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 53.032244, "energy": 34.192955, "activity_lines": [ 7.205722, 7.094319, 7.126338, 7.032827 ] }, { "date": "2024-05-03", "close": 7.468273, "volume": 427054, "typical_volume": 761684.55, "trend": 6.849833, "fair_value": 6.720583, "relative_strength": 0.351638, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 61.634791, "energy": 53.647175, "activity_lines": [ 7.342385, 7.161748, 7.158864, 7.076107 ] }, { "date": "2024-05-10", "close": 7.56184, "volume": 397322, "typical_volume": 717933.6, "trend": 6.910682, "fair_value": 6.720725, "relative_strength": -1.441857, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.961615, "energy": 68.532122, "activity_lines": [ 7.463737, 7.243096, 7.197768, 7.122043 ] }, { "date": "2024-05-17", "close": 7.68943, "volume": 740667, "typical_volume": 742435.7, "trend": 6.979251, "fair_value": 6.719545, "relative_strength": -1.902411, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.206566, "energy": 74.895916, "activity_lines": [ 7.568078, 7.343467, 7.246112, 7.172285 ] }, { "date": "2024-05-24", "close": 7.758393, "volume": 668752, "typical_volume": 758191.9, "trend": 7.051185, "fair_value": 6.715954, "relative_strength": 1.686044, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.366654, "energy": 72.744486, "activity_lines": [ 7.648339, 7.447716, 7.297858, 7.222552 ] }, { "date": "2024-05-31", "close": 8.034247, "volume": 635053, "typical_volume": 749599.2, "trend": 7.11818, "fair_value": 6.710491, "relative_strength": 5.338908, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.73422, "energy": 78.053062, "activity_lines": [ 7.791003, 7.591123, 7.372, 7.285975 ] }, { "date": "2024-06-07", "close": 7.741152, "volume": 362705, "typical_volume": 748870.1, "trend": 7.173005, "fair_value": 6.70433, "relative_strength": 1.073334, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.572417, "energy": 62.390263, "activity_lines": [ 7.803908, 7.656722, 7.414677, 7.326167 ] }, { "date": "2024-06-14", "close": 7.413576, "volume": 400603, "typical_volume": 674156.8, "trend": 7.202776, "fair_value": 6.698528, "relative_strength": 2.732769, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.210178, "energy": 41.835789, "activity_lines": [ 7.68943, 7.645118, 7.423047, 7.341688 ] }, { "date": "2024-06-21", "close": 7.439437, "volume": 355805, "typical_volume": 641640.3, "trend": 7.236077, "fair_value": 6.691712, "relative_strength": 1.127451, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.56475, "energy": 31.19897, "activity_lines": [ 7.593455, 7.624673, 7.435762, 7.356956 ] }, { "date": "2024-06-28", "close": 7.396335, "volume": 317442, "typical_volume": 622637.1, "trend": 7.26394, "fair_value": 6.685604, "relative_strength": 1.008588, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.849161, "energy": 20.900273, "activity_lines": [ 7.49978, 7.5881, 7.443415, 7.367295 ] }, { "date": "2024-07-05", "close": 7.396335, "volume": 234964, "typical_volume": 602904.6, "trend": 7.281136, "fair_value": 6.681758, "relative_strength": -1.493604, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.273056, "energy": 22.53851, "activity_lines": [ 7.430242, 7.550052, 7.449669, 7.375837 ] }, { "date": "2024-07-12", "close": 7.491158, "volume": 231291, "typical_volume": 589903.15, "trend": 7.299627, "fair_value": 6.679504, "relative_strength": -1.975153, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.060161, "energy": 19.585292, "activity_lines": [ 7.434839, 7.532098, 7.463717, 7.389387 ] }, { "date": "2024-07-19", "close": 7.542882, "volume": 225097, "typical_volume": 573300.05, "trend": 7.317974, "fair_value": 6.675417, "relative_strength": -0.291322, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.391466, "energy": 17.149674, "activity_lines": [ 7.473344, 7.523133, 7.481772, 7.405081 ] }, { "date": "2024-07-26", "close": 7.646327, "volume": 368076, "typical_volume": 568462.55, "trend": 7.338703, "fair_value": 6.672484, "relative_strength": 2.221486, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.114911, "energy": 23.246579, "activity_lines": [ 7.537709, 7.533321, 7.508675, 7.426265 ] }, { "date": "2024-08-02", "close": 7.335992, "volume": 248321, "typical_volume": 546016.15, "trend": 7.351754, "fair_value": 6.665104, "relative_strength": 3.613422, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.26424, "energy": 9.421178, "activity_lines": [ 7.484838, 7.487868, 7.50396, 7.42609 ] }, { "date": "2024-08-09", "close": 7.560123, "volume": 357276, "typical_volume": 454919.25, "trend": 7.360809, "fair_value": 6.659258, "relative_strength": 7.480925, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.547754, "energy": 16.711484, "activity_lines": [ 7.510699, 7.490846, 7.519721, 7.439533 ] }, { "date": "2024-08-16", "close": 7.560123, "volume": 109562, "typical_volume": 438874.2, "trend": 7.376531, "fair_value": 6.655675, "relative_strength": 3.413998, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.185486, "energy": 16.773003, "activity_lines": [ 7.525641, 7.502444, 7.531319, 7.452392 ] }, { "date": "2024-08-23", "close": 7.861838, "volume": 240399, "typical_volume": 423304.0, "trend": 7.378308, "fair_value": 6.654026, "relative_strength": 5.62935, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.389879, "energy": 33.933394, "activity_lines": [ 7.636557, 7.572191, 7.567893, 7.483702 ] }, { "date": "2024-08-30", "close": 7.956663, "volume": 312707, "typical_volume": 407939.2, "trend": 7.402243, "fair_value": 6.651902, "relative_strength": 4.665124, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.995295, "energy": 55.407853, "activity_lines": [ 7.757818, 7.651029, 7.607816, 7.521015 ] }, { "date": "2024-09-06", "close": 7.654948, "volume": 401150, "typical_volume": 387324.25, "trend": 7.420658, "fair_value": 6.652026, "relative_strength": 3.985822, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.753264, "energy": 48.592495, "activity_lines": [ 7.757818, 7.665606, 7.61437, 7.537319 ] }, { "date": "2024-09-13", "close": 7.68943, "volume": 167081, "typical_volume": 360066.35, "trend": 7.439087, "fair_value": 6.652273, "relative_strength": 3.464428, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.01292, "energy": 47.500759, "activity_lines": [ 7.748049, 7.68175, 7.62259, 7.554659 ] }, { "date": "2024-09-20", "close": 7.758393, "volume": 556868, "typical_volume": 366557.05, "trend": 7.454429, "fair_value": 6.654241, "relative_strength": 3.649386, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.470687, "energy": 33.757288, "activity_lines": [ 7.752646, 7.705103, 7.63673, 7.575259 ] }, { "date": "2024-09-27", "close": 8.068728, "volume": 470111, "typical_volume": 370196.5, "trend": 7.47898, "fair_value": 6.65805, "relative_strength": 4.616841, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.030857, "energy": 36.403225, "activity_lines": [ 7.847471, 7.780022, 7.679044, 7.614892 ] }, { "date": "2024-10-04", "close": 8.335961, "volume": 357361, "typical_volume": 351031.2, "trend": 7.516409, "fair_value": 6.663032, "relative_strength": 11.378536, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.305607, "energy": 60.116801, "activity_lines": [ 8.01758, 7.893969, 7.744395, 7.670181 ] }, { "date": "2024-10-11", "close": 8.930773, "volume": 550852, "typical_volume": 345136.2, "trend": 7.57565, "fair_value": 6.66912, "relative_strength": 16.268923, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.911742, "energy": 83.625613, "activity_lines": [ 8.360674, 8.103524, 7.863316, 7.76143 ] }, { "date": "2024-10-18", "close": 8.896291, "volume": 360251, "typical_volume": 331396.1, "trend": 7.649336, "fair_value": 6.674496, "relative_strength": 12.42006, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.486819, "energy": 88.316293, "activity_lines": [ 8.607219, 8.277813, 7.97337, 7.846633 ] }, { "date": "2024-10-25", "close": 8.585955, "volume": 274684, "typical_volume": 326995.05, "trend": 7.709841, "fair_value": 6.678276, "relative_strength": 9.44375, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.916403, "energy": 83.242799, "activity_lines": [ 8.669861, 8.371384, 8.049764, 7.90706 ] }, { "date": "2024-11-01", "close": 8.516992, "volume": 381605, "typical_volume": 326045.15, "trend": 7.771451, "fair_value": 6.678761, "relative_strength": 8.549053, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.124002, "energy": 80.003082, "activity_lines": [ 8.654344, 8.433765, 8.115566, 7.959134 ] }, { "date": "2024-11-08", "close": 8.611815, "volume": 308138, "typical_volume": 323661.8, "trend": 7.82573, "fair_value": 6.679361, "relative_strength": 12.156844, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.524055, "energy": 66.72908, "activity_lines": [ 8.640551, 8.501474, 8.185146, 8.013351 ] }, { "date": "2024-11-15", "close": 8.370444, "volume": 874336, "typical_volume": 351506.5, "trend": 7.860906, "fair_value": 6.685843, "relative_strength": 7.601183, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.55233, "energy": 40.535165, "activity_lines": [ 8.52791, 8.513386, 8.226154, 8.048494 ] }, { "date": "2024-11-22", "close": 8.180794, "volume": 369208, "typical_volume": 358218.7, "trend": 7.881822, "fair_value": 6.695486, "relative_strength": 7.121477, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.890113, "energy": 26.270549, "activity_lines": [ 8.389409, 8.477807, 8.244462, 8.069132 ] }, { "date": "2024-11-29", "close": 8.637678, "volume": 444809, "typical_volume": 368894.6, "trend": 7.920802, "fair_value": 6.707567, "relative_strength": 13.000352, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.338415, "energy": 28.258204, "activity_lines": [ 8.450901, 8.516364, 8.302548, 8.117897 ] }, { "date": "2024-12-06", "close": 8.792845, "volume": 660786, "typical_volume": 390679.05, "trend": 7.961835, "fair_value": 6.719462, "relative_strength": 10.363137, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.325607, "energy": 32.82009, "activity_lines": [ 8.560668, 8.567147, 8.369951, 8.174158 ] }, { "date": "2024-12-13", "close": 9.051458, "volume": 450730, "typical_volume": 394811.75, "trend": 8.007236, "fair_value": 6.73208, "relative_strength": 12.862378, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.145652, "energy": 47.323356, "activity_lines": [ 8.738249, 8.651784, 8.456032, 8.244456 ] }, { "date": "2024-12-20", "close": 8.896291, "volume": 1163819, "typical_volume": 440586.65, "trend": 8.045166, "fair_value": 6.743014, "relative_strength": 14.30038, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.6736, "energy": 53.180241, "activity_lines": [ 8.834798, 8.695199, 8.520645, 8.301814 ] }, { "date": "2024-12-27", "close": 8.861809, "volume": 173831, "typical_volume": 431414.4, "trend": 8.072752, "fair_value": 6.752006, "relative_strength": 12.278737, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.814753, "energy": 57.933939, "activity_lines": [ 8.884797, 8.732972, 8.574543, 8.354501 ] }, { "date": "2025-01-03", "close": 8.965254, "volume": 191026, "typical_volume": 435487.6, "trend": 8.113555, "fair_value": 6.76171, "relative_strength": 13.373028, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.203935, "energy": 58.381875, "activity_lines": [ 8.923876, 8.790181, 8.632095, 8.412082 ] }, { "date": "2025-01-10", "close": 8.620437, "volume": 279623, "typical_volume": 437448.8, "trend": 8.153784, "fair_value": 6.769252, "relative_strength": 5.967006, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.423216, "energy": 37.674376, "activity_lines": [ 8.826178, 8.777799, 8.650116, 8.444784 ] }, { "date": "2025-01-17", "close": 8.723882, "volume": 344595, "typical_volume": 439043.2, "trend": 8.196598, "fair_value": 6.779279, "relative_strength": 3.699771, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.712447, "energy": 27.233955, "activity_lines": [ 8.774455, 8.782344, 8.674376, 8.481564 ] }, { "date": "2025-01-24", "close": 8.491131, "volume": 519374, "typical_volume": 444954.4, "trend": 8.233092, "fair_value": 6.78855, "relative_strength": 1.308716, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.997532, "energy": 17.306602, "activity_lines": [ 8.666987, 8.742534, 8.672816, 8.500566 ] }, { "date": "2025-01-31", "close": 8.206656, "volume": 463886, "typical_volume": 459794.65, "trend": 8.260102, "fair_value": 6.796245, "relative_strength": -2.727006, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 6.824197, "energy": 13.928389, "activity_lines": [ 8.491705, 8.648806, 8.640182, 8.498861 ] }, { "date": "2025-02-07", "close": 8.930773, "volume": 870096, "typical_volume": 475456.05, "trend": 8.30809, "fair_value": 6.807745, "relative_strength": 4.074791, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.386497, "energy": 19.042967, "activity_lines": [ 8.601472, 8.686266, 8.674048, 8.54213 ] }, { "date": "2025-02-14", "close": 8.930773, "volume": 423144, "typical_volume": 473107.7, "trend": 8.354353, "fair_value": 6.818752, "relative_strength": 1.461729, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.863809, "energy": 17.032167, "activity_lines": [ 8.713538, 8.718397, 8.702331, 8.582303 ] }, { "date": "2025-02-21", "close": 8.913531, "volume": 319563, "typical_volume": 471217.8, "trend": 8.396593, "fair_value": 6.830634, "relative_strength": 0.025048, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.024429, "energy": 26.287008, "activity_lines": [ 8.799167, 8.744885, 8.724867, 8.618379 ] }, { "date": "2025-02-28", "close": 8.637678, "volume": 475601, "typical_volume": 467455.25, "trend": 8.439982, "fair_value": 6.844731, "relative_strength": -3.663837, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.312843, "energy": 28.84632, "activity_lines": [ 8.780202, 8.723725, 8.718381, 8.633933 ] }, { "date": "2025-03-07", "close": 8.654919, "volume": 391643, "typical_volume": 469024.85, "trend": 8.476475, "fair_value": 6.856627, "relative_strength": -3.38317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.729028, "energy": 20.308282, "activity_lines": [ 8.757215, 8.710403, 8.714933, 8.6478 ] }, { "date": "2025-03-14", "close": 8.637678, "volume": 278941, "typical_volume": 469237.7, "trend": 8.512394, "fair_value": 6.867921, "relative_strength": -3.831364, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.485294, "energy": 12.363794, "activity_lines": [ 8.698596, 8.697708, 8.710993, 8.6582 ] }, { "date": "2025-03-21", "close": 8.827326, "volume": 593441, "typical_volume": 479829.5, "trend": 8.544577, "fair_value": 6.87556, "relative_strength": -2.931901, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.628433, "energy": 14.579063, "activity_lines": [ 8.722732, 8.725449, 8.724867, 8.678518 ] }, { "date": "2025-03-28", "close": 9.758334, "volume": 1119866, "typical_volume": 520415.9, "trend": 8.604633, "fair_value": 6.891282, "relative_strength": 7.621548, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.827988, "energy": 56.543409, "activity_lines": [ 9.064102, 8.918704, 8.825932, 8.756825 ] }, { "date": "2025-04-04", "close": 8.741123, "volume": 878482, "typical_volume": 520623.2, "trend": 8.640838, "fair_value": 6.900976, "relative_strength": 7.287151, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.874562, "energy": 37.977852, "activity_lines": [ 9.01008, 8.908203, 8.824659, 8.765631 ] }, { "date": "2025-04-11", "close": 8.810087, "volume": 527530, "typical_volume": 528539.3, "trend": 8.678194, "fair_value": 6.910768, "relative_strength": 9.64005, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.754478, "energy": 36.954364, "activity_lines": [ 8.972151, 8.905695, 8.828189, 8.77655 ] }, { "date": "2025-04-18", "close": 9.379035, "volume": 319460, "typical_volume": 522271.85, "trend": 8.732215, "fair_value": 6.92396, "relative_strength": 9.98485, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.526303, "energy": 50.536622, "activity_lines": [ 9.113526, 8.995661, 8.882909, 8.821766 ] }, { "date": "2025-04-25", "close": 9.792816, "volume": 314587, "typical_volume": 504961.9, "trend": 8.789685, "fair_value": 6.939855, "relative_strength": 10.25803, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.29084, "energy": 43.745789, "activity_lines": [ 9.343404, 9.152709, 8.973505, 8.890192 ] }, { "date": "2025-05-02", "close": 9.999707, "volume": 244906, "typical_volume": 494670.7, "trend": 8.845143, "fair_value": 6.959289, "relative_strength": 9.365387, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.599245, "energy": 67.430154, "activity_lines": [ 9.57788, 9.331701, 9.079044, 8.968258 ] }, { "date": "2025-05-09", "close": 9.982465, "volume": 261512, "typical_volume": 449555.35, "trend": 8.880199, "fair_value": 6.976793, "relative_strength": 5.985102, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.396368, "energy": 77.159087, "activity_lines": [ 9.790517, 9.487809, 9.178425, 9.041633 ] }, { "date": "2025-05-16", "close": 9.327486, "volume": 1137598, "typical_volume": 497743.7, "trend": 8.894572, "fair_value": 6.991721, "relative_strength": -4.195347, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.169273, "energy": 63.962933, "activity_lines": [ 9.702072, 9.50038, 9.210255, 9.07049 ] }, { "date": "2025-05-23", "close": 8.646581, "volume": 692986, "typical_volume": 522841.7, "trend": 8.896593, "fair_value": 7.000468, "relative_strength": -8.488696, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.652259, "energy": 20.561452, "activity_lines": [ 9.352165, 9.376921, 9.17502, 9.054491 ] }, { "date": "2025-05-30", "close": 8.94506, "volume": 755628, "typical_volume": 546641.95, "trend": 8.910862, "fair_value": 7.01138, "relative_strength": -6.701666, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.835717, "energy": 15.515242, "activity_lines": [ 9.150581, 9.307569, 9.169728, 9.057618 ] }, { "date": "2025-06-06", "close": 8.90775, "volume": 526517, "typical_volume": 555738.05, "trend": 8.920727, "fair_value": 7.024476, "relative_strength": -8.240115, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 17.157631, "energy": 20.52245, "activity_lines": [ 8.993078, 9.229292, 9.159338, 9.057417 ] }, { "date": "2025-06-13", "close": 8.94506, "volume": 753369, "typical_volume": 567437.8, "trend": 8.939881, "fair_value": 7.039678, "relative_strength": -5.137431, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.102665, "energy": 15.933586, "activity_lines": [ 8.920809, 9.173265, 9.151625, 9.058987 ] }, { "date": "2025-06-20", "close": 8.730527, "volume": 427425, "typical_volume": 565614.75, "trend": 8.958205, "fair_value": 7.053555, "relative_strength": -6.915642, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.452264, "energy": 19.311908, "activity_lines": [ 8.846188, 9.074524, 9.121318, 9.04548 ] }, { "date": "2025-06-27", "close": 9.029008, "volume": 387881, "typical_volume": 541504.0, "trend": 8.971249, "fair_value": 7.070052, "relative_strength": -5.002379, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.837542, "energy": 13.919514, "activity_lines": [ 8.910859, 9.031498, 9.116944, 9.050048 ] }, { "date": "2025-07-04", "close": 8.935732, "volume": 275620, "typical_volume": 534127.8, "trend": 8.976012, "fair_value": 7.085547, "relative_strength": -5.758963, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.622146, "energy": 11.995077, "activity_lines": [ 8.918943, 8.977877, 9.103219, 9.047757 ] }, { "date": "2025-07-11", "close": 9.252867, "volume": 566645, "typical_volume": 546481.9, "trend": 8.982726, "fair_value": 7.103984, "relative_strength": -3.634912, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.559738, "energy": 13.410432, "activity_lines": [ 9.03336, 8.997501, 9.119674, 9.065618 ] }, { "date": "2025-07-18", "close": 9.168919, "volume": 532325, "typical_volume": 549318.1, "trend": 8.991813, "fair_value": 7.122387, "relative_strength": -5.116808, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.353246, "energy": 15.947344, "activity_lines": [ 9.096787, 9.01544, 9.126517, 9.077631 ] }, { "date": "2025-07-25", "close": 8.096258, "volume": 2092554, "typical_volume": 634363.65, "trend": 8.966295, "fair_value": 7.134268, "relative_strength": -16.886454, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.607262, "energy": 24.569493, "activity_lines": [ 8.787736, 8.853142, 9.028673, 9.019853 ] }, { "date": "2025-08-01", "close": 7.965673, "volume": 834693, "typical_volume": 662151.25, "trend": 8.932976, "fair_value": 7.143192, "relative_strength": -16.424521, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -43.077919, "energy": 50.911008, "activity_lines": [ 8.477441, 8.689486, 8.921052, 8.955297 ] }, { "date": "2025-08-08", "close": 7.965673, "volume": 1203855, "typical_volume": 692671.95, "trend": 8.91115, "fair_value": 7.152418, "relative_strength": -19.498047, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -67.515821, "energy": 70.462314, "activity_lines": [ 8.238036, 8.538211, 8.816631, 8.89289 ] }, { "date": "2025-08-15", "close": 8.142895, "volume": 426835, "typical_volume": 658020.4, "trend": 8.891784, "fair_value": 7.164043, "relative_strength": -19.447216, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.709884, "energy": 74.705395, "activity_lines": [ 8.122375, 8.436966, 8.733192, 8.843325 ] }, { "date": "2025-08-22", "close": 8.31079, "volume": 528723, "typical_volume": 640532.45, "trend": 8.885773, "fair_value": 7.178055, "relative_strength": -18.75639, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.516764, "energy": 73.491114, "activity_lines": [ 8.136677, 8.380153, 8.673435, 8.805842 ] }, { "date": "2025-08-29", "close": 8.133569, "volume": 545577, "typical_volume": 641434.8, "trend": 8.883336, "fair_value": 7.192042, "relative_strength": -18.131584, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.45655, "energy": 66.907507, "activity_lines": [ 8.149114, 8.30265, 8.598849, 8.757312 ] }, { "date": "2025-09-05", "close": 8.282808, "volume": 461269, "typical_volume": 648525.25, "trend": 8.861738, "fair_value": 7.207288, "relative_strength": -15.237496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.993844, "energy": 42.330425, "activity_lines": [ 8.20881, 8.263135, 8.541698, 8.718569 ] }, { "date": "2025-09-12", "close": 8.357428, "volume": 684507, "typical_volume": 667021.25, "trend": 8.842626, "fair_value": 7.224275, "relative_strength": -16.174082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.79661, "energy": 31.579062, "activity_lines": [ 8.272237, 8.250755, 8.496874, 8.686033 ] }, { "date": "2025-09-19", "close": 8.488012, "volume": 642989, "typical_volume": 686925.4, "trend": 8.828442, "fair_value": 7.243511, "relative_strength": -14.147473, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.569391, "energy": 26.336028, "activity_lines": [ 8.353075, 8.272632, 8.471322, 8.663154 ] }, { "date": "2025-09-26", "close": 8.450704, "volume": 614676, "typical_volume": 704583.6, "trend": 8.82221, "fair_value": 7.262256, "relative_strength": -14.954969, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.242773, "energy": 20.418543, "activity_lines": [ 8.398469, 8.301633, 8.449415, 8.638784 ] }, { "date": "2025-10-03", "close": 9.206229, "volume": 1249801, "typical_volume": 710193.75, "trend": 8.840587, "fair_value": 7.286147, "relative_strength": -8.395366, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -0.138307, "energy": 13.96997, "activity_lines": [ 8.686377, 8.48106, 8.506757, 8.66356 ] }, { "date": "2025-10-10", "close": 9.029008, "volume": 1407627, "typical_volume": 745925.8, "trend": 8.853631, "fair_value": 7.310567, "relative_strength": -7.223398, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.217564, "energy": 22.862913, "activity_lines": [ 8.843701, 8.608083, 8.547798, 8.675716 ] }, { "date": "2025-10-17", "close": 8.917077, "volume": 799577, "typical_volume": 748123.25, "trend": 8.856623, "fair_value": 7.334774, "relative_strength": -7.435989, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.991239, "energy": 30.168659, "activity_lines": [ 8.913968, 8.695422, 8.576357, 8.679809 ] }, { "date": "2025-10-24", "close": 9.084971, "volume": 1205585, "typical_volume": 782076.65, "trend": 8.834177, "fair_value": 7.359603, "relative_strength": -7.055122, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.228991, "energy": 48.927664, "activity_lines": [ 9.00289, 8.795989, 8.62104, 8.694541 ] }, { "date": "2025-10-31", "close": 8.87044, "volume": 559492, "typical_volume": 772382.8, "trend": 8.838488, "fair_value": 7.380837, "relative_strength": -10.395198, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.305952, "energy": 46.395898, "activity_lines": [ 8.980504, 8.840422, 8.644448, 8.696881 ] }, { "date": "2025-11-07", "close": 8.777164, "volume": 1078462, "typical_volume": 804934.65, "trend": 8.83739, "fair_value": 7.400715, "relative_strength": -10.429758, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.966974, "energy": 23.883041, "activity_lines": [ 8.899044, 8.85772, 8.659327, 8.692924 ] }, { "date": "2025-11-14", "close": 8.90775, "volume": 1959738, "typical_volume": 883527.5, "trend": 8.821681, "fair_value": 7.42234, "relative_strength": -11.005115, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.086343, "energy": 17.508351, "activity_lines": [ 8.889716, 8.88706, 8.686422, 8.697464 ] }, { "date": "2025-11-21", "close": 9.005102, "volume": 1460144, "typical_volume": 942753.7, "trend": 8.795424, "fair_value": 7.445547, "relative_strength": -6.960633, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.254332, "energy": 15.076409, "activity_lines": [ 8.920924, 8.922737, 8.723365, 8.709297 ] }, { "date": "2025-11-28", "close": 9.540541, "volume": 1094804, "typical_volume": 969161.65, "trend": 8.780118, "fair_value": 7.471378, "relative_strength": -2.691473, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.805339, "energy": 34.363891, "activity_lines": [ 9.124742, 9.04399, 8.810972, 8.757369 ] }, { "date": "2025-12-05", "close": 9.482129, "volume": 633262, "typical_volume": 974208.5, "trend": 8.76344, "fair_value": 7.497189, "relative_strength": -3.17061, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 71.228769, "energy": 64.808319, "activity_lines": [ 9.278719, 9.135487, 8.891646, 8.80266 ] }, { "date": "2025-12-12", "close": 9.5016, "volume": 680128, "typical_volume": 903587.2, "trend": 8.769244, "fair_value": 7.523831, "relative_strength": -2.811868, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.303608, "energy": 70.605072, "activity_lines": [ 9.398406, 9.21177, 8.972683, 8.850284 ] }, { "date": "2025-12-19", "close": 9.452924, "volume": 484360, "typical_volume": 886070.55, "trend": 8.796122, "fair_value": 7.549909, "relative_strength": -5.574714, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.081032, "energy": 70.141171, "activity_lines": [ 9.453573, 9.273833, 9.042392, 8.894392 ] }, { "date": "2025-12-26", "close": 9.394512, "volume": 160598, "typical_volume": 833907.7, "trend": 8.811104, "fair_value": 7.575007, "relative_strength": -5.443736, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.169397, "energy": 60.057497, "activity_lines": [ 9.452924, 9.317568, 9.099456, 8.932998 ] }, { "date": "2026-01-02", "close": 9.443188, "volume": 240872, "typical_volume": 824609.55, "trend": 8.828952, "fair_value": 7.600164, "relative_strength": -6.118082, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.497123, "energy": 48.584953, "activity_lines": [ 9.442539, 9.361472, 9.154352, 8.973777 ] }, { "date": "2026-01-09", "close": 9.949421, "volume": 802453, "typical_volume": 838296.05, "trend": 8.862431, "fair_value": 7.626094, "relative_strength": -1.592237, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.509423, "energy": 60.708319, "activity_lines": [ 9.607389, 9.490906, 9.251268, 9.046066 ] }, { "date": "2026-01-16", "close": 9.608687, "volume": 1062635, "typical_volume": 864148.95, "trend": 8.891703, "fair_value": 7.650647, "relative_strength": -4.876143, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.792369, "energy": 48.620014, "activity_lines": [ 9.627509, 9.538771, 9.307931, 9.094211 ] }, { "date": "2026-01-23", "close": 9.345837, "volume": 1481137, "typical_volume": 915142.35, "trend": 8.902264, "fair_value": 7.67301, "relative_strength": -5.265071, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.662097, "energy": 39.88489, "activity_lines": [ 9.552872, 9.523725, 9.332536, 9.12351 ] }, { "date": "2026-01-30", "close": 8.917485, "volume": 1227703, "typical_volume": 942302.15, "trend": 8.901655, "fair_value": 7.69394, "relative_strength": -10.759746, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.964937, "energy": 19.542385, "activity_lines": [ 9.342591, 9.422833, 9.311284, 9.124492 ] }, { "date": "2026-02-06", "close": 8.839603, "volume": 1111207, "typical_volume": 965713.05, "trend": 8.88788, "fair_value": 7.712957, "relative_strength": -11.840727, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.347708, "energy": 16.111575, "activity_lines": [ 9.138151, 9.309373, 9.279947, 9.120489 ] }, { "date": "2026-02-13", "close": 8.829867, "volume": 856985, "typical_volume": 977828.5, "trend": 8.876578, "fair_value": 7.731609, "relative_strength": -10.752931, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.089968, "energy": 23.005418, "activity_lines": [ 8.970704, 9.206887, 9.246009, 9.116746 ] }, { "date": "2026-02-20", "close": 9.005102, "volume": 677420, "typical_volume": 949209.45, "trend": 8.906873, "fair_value": 7.752192, "relative_strength": -10.721171, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.13152, "energy": 23.464439, "activity_lines": [ 8.936306, 9.148122, 9.226954, 9.125038 ] }, { "date": "2026-02-27", "close": 9.190071, "volume": 597645, "typical_volume": 908710.35, "trend": 8.947686, "fair_value": 7.773153, "relative_strength": -10.080316, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.246612, "energy": 19.205488, "activity_lines": [ 9.003804, 9.132014, 9.226473, 9.143309 ] }, { "date": "2026-03-06", "close": 8.703309, "volume": 958651, "typical_volume": 916664.05, "trend": 8.972274, "fair_value": 7.792558, "relative_strength": -8.72492, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.930542, "energy": 37.508638, "activity_lines": [ 8.919431, 9.032184, 9.178867, 9.127543 ] }, { "date": "2026-03-13", "close": 8.547545, "volume": 602258, "typical_volume": 886497.7, "trend": 8.985762, "fair_value": 7.81253, "relative_strength": -10.448357, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.56051, "energy": 39.766741, "activity_lines": [ 8.797416, 8.9166, 9.117444, 9.100141 ] }, { "date": "2026-03-20", "close": 7.788197, "volume": 817149, "typical_volume": 899380.55, "trend": 8.968343, "fair_value": 7.827684, "relative_strength": -15.257228, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -61.435238, "energy": 70.703377, "activity_lines": [ 8.441756, 8.679237, 8.986261, 9.022878 ] }, { "date": "2026-03-27", "close": 9.082984, "volume": 1506609, "typical_volume": 920787.9, "trend": 8.99999, "fair_value": 7.850936, "relative_strength": -2.021087, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.180867, "energy": 40.507124, "activity_lines": [ 8.587135, 8.716585, 8.983545, 9.030275 ] }, { "date": "2026-04-03", "close": 9.190071, "volume": 759297, "typical_volume": 860765.85, "trend": 9.030232, "fair_value": 7.874067, "relative_strength": -5.312767, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.453261, "energy": 18.829367, "activity_lines": [ 8.763019, 8.782961, 8.989572, 9.042538 ] }, { "date": "2026-04-10", "close": 9.491864, "volume": 1016241, "typical_volume": 838570.7, "trend": 9.068046, "fair_value": 7.89883, "relative_strength": -5.771647, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 15.003039, "energy": 9.506227, "activity_lines": [ 9.0395, 8.907041, 9.022996, 9.072321 ] }, { "date": "2026-04-17", "close": 9.29716, "volume": 690863, "typical_volume": 818373.65, "trend": 9.095018, "fair_value": 7.922698, "relative_strength": -9.504933, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.965231, "energy": 19.945002, "activity_lines": [ 9.198509, 8.985277, 9.035559, 9.087102 ] }, { "date": "2026-04-24", "close": 9.063514, "volume": 321851, "typical_volume": 802803.1, "trend": 9.115445, "fair_value": 7.942949, "relative_strength": -8.933711, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.729677, "energy": 18.487042, "activity_lines": [ 9.229662, 9.012713, 9.02703, 9.08507 ] }, { "date": "2026-05-01", "close": 9.053779, "volume": 239323, "typical_volume": 780762.85, "trend": 9.110363, "fair_value": 7.964096, "relative_strength": -9.533869, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.219642, "energy": 17.348082, "activity_lines": [ 9.172549, 9.034131, 9.019566, 9.081091 ] }, { "date": "2026-05-08", "close": 8.790927, "volume": 698745, "typical_volume": 791482.1, "trend": 9.102427, "fair_value": 7.982953, "relative_strength": -13.417168, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.097263, "energy": 10.264735, "activity_lines": [ 9.029765, 9.006872, 8.989201, 9.060482 ] }, { "date": "2026-05-15", "close": 8.825, "volume": 993013, "typical_volume": 833102.85, "trend": 9.099358, "fair_value": 8.001674, "relative_strength": -12.366657, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.29853, "energy": 19.383402, "activity_lines": [ 8.924949, 8.993066, 8.965234, 9.042584 ] }, { "date": "2026-05-22", "close": 8.72, "volume": 1646035, "typical_volume": 903361.0, "trend": 9.087192, "fair_value": 8.017056, "relative_strength": -13.752969, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.346171, "energy": 24.623612, "activity_lines": [ 8.82959, 8.957956, 8.933979, 9.018109 ] }, { "date": "2026-05-29", "close": 8.855, "volume": 776135, "typical_volume": 902045.1, "trend": 9.086678, "fair_value": 8.032637, "relative_strength": -12.959942, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.215348, "energy": 24.175484, "activity_lines": [ 8.817709, 8.944256, 8.919024, 9.003129 ] }, { "date": "2026-06-05", "close": 8.505, "volume": 63308, "typical_volume": 852078.75, "trend": 9.077606, "fair_value": 8.046897, "relative_strength": -15.769179, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.236196, "energy": 45.369021, "activity_lines": [ 8.703062, 8.847523, 8.875948, 8.965601 ] }, { "date": "2026-06-12", "close": 9.18, "volume": 254007, "typical_volume": 790722.25, "trend": 9.086681, "fair_value": 8.064715, "relative_strength": -11.507783, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.808004, "energy": 18.328479, "activity_lines": [ 8.85, 8.884027, 8.902413, 8.972207 ] }, { "date": "2026-06-19", "close": 9.125, "volume": 107826, "typical_volume": 734728.4, "trend": 9.090677, "fair_value": 8.083668, "relative_strength": -13.878148, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.229779, "energy": 9.125045, "activity_lines": [ 8.952667, 8.910713, 8.92443, 8.97468 ] }, { "date": "2026-06-26", "close": 9.16, "volume": 93821, "typical_volume": 683859.1, "trend": 9.077993, "fair_value": 8.102075, "relative_strength": -10.459942, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.026687, "energy": 8.608706, "activity_lines": [ 9.047, 8.950434, 8.948792, 8.979152 ] }, { "date": "2026-07-03", "close": 9.615, "volume": 236406, "typical_volume": 652830.15, "trend": 9.082422, "fair_value": 8.125451, "relative_strength": -8.393587, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 43.247164, "energy": 39.65272, "activity_lines": [ 9.263667, 9.075375, 9.014962, 9.013798 ] }, { "date": "2026-07-10", "close": 9.255, "volume": 568519, "typical_volume": 647385.1, "trend": 9.074202, "fair_value": 8.145698, "relative_strength": -11.006505, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.161715, "energy": 42.581623, "activity_lines": [ 9.309667, 9.124835, 9.043107, 9.024932 ] }, { "date": "2026-07-17", "close": 8.845, "volume": 621246, "typical_volume": 648565.15, "trend": 9.053937, "fair_value": 8.1626, "relative_strength": -13.268272, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.917438, "energy": 25.789713, "activity_lines": [ 9.169, 9.096091, 9.031014, 9.010145 ] }, { "date": "2026-07-24", "close": 8.985, "volume": 507283, "typical_volume": 625996.75, "trend": 9.040287, "fair_value": 8.178757, "relative_strength": -11.540021, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.569082, "energy": 11.882557, "activity_lines": [ 9.097333, 9.091818, 9.033898, 9.005697 ] }, { "date": "2026-07-31", "close": 9.36, "volume": 473696, "typical_volume": 619568.65, "trend": 9.037514, "fair_value": 8.19578, "relative_strength": -8.323288, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 24.545808, "energy": 11.765515, "activity_lines": [ 9.16, 9.152818, 9.071155, 9.026324 ] }, { "date": "2026-08-07", "close": 10.09, "volume": 1865152, "typical_volume": 671968.8, "trend": 9.0422, "fair_value": 8.219175, "relative_strength": -3.980523, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.407258, "energy": 45.363097, "activity_lines": [ 9.452667, 9.334909, 9.174067, 9.094226 ] } ], "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." } } }