{ "ticker": { "uuid": "309c801e-836c-4443-936f-8b363408ff04", "symbol": "WTI", "name": "Leverage Shares WTI Oil ETC", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 85.072, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 23.679, "architecture_energy": 25.227, "architecture_maturity": 45.165, "architecture_confidence": 60.248, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 45.54, "rotation_up": 54.35, "upward_expansion": 64.65, "deceleration": 68.06, "rotation_down": 15.57, "downward_expansion": 14.99 }, "activity_lines": [ 21.963667, 21.223091, 21.905324, 21.556701 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 20.620001, "trend_reference": 20.162767, "distance_from_trend": 0.022677, "trend_direction": "Improving", "fair_value": 15.527095, "distance_from_fair_value": 0.328001, "fair_value_direction": "Weakening", "relative_strength": 4.22563, "relative_strength_direction": "Weakening", "price_momentum": 0.521771, "excess_performance": 0.35088, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.022677, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.16519, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.328001, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.261233, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.042256, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.332793, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.521771, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.449294, "read": "Demand-led" } ], "volume": { "latest": 3200, "relative_activity": 0.299656, "balance": 1.449294, "dry_up": 0.373868, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.098601, "annualized_volatility": 0.710969, "from_high_reference": -0.22786, "from_low_reference": 0.718333 }, "levels": { "trend_reference": 20.162767, "fair_value_reference": 15.527095, "structural_low": 13.55, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 1, "median_return": 0.075397, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.093694, "regime_survival": 1.0, "best_return": 0.075397, "worst_return": 0.075397, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2025-11-28", "tenure": "New", "return": -0.031589, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-05", "end": "2026-01-23", "tenure": "Developing", "return": 0.04765, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-30", "end": "2026-03-06", "tenure": "Developing", "return": 0.260043, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-13", "end": "2026-06-12", "tenure": "Established", "return": 0.001366, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": 0.022818, "active": true } ], "chart_path": [ { "date": "2024-05-03", "close": 16.08326, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 15.12, "volume": 75, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 15.046, "volume": 89, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 15.046, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 14.82, "volume": 79, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 14.042, "volume": 40, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 15.176, "volume": 16, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 15.176, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 15.176, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 15.176, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 15.176, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 15.442, "volume": 9, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 15.442, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 15.442, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 14.18, "volume": 14, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 14.18, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 14.18, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 14.18, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 13.186, "volume": 13, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 12.964, "volume": 69, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 13.416, "volume": 65, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 13.218, "volume": 12, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 14.448, "volume": 1045, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 15.004, "volume": 61, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 14.176, "volume": 40, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 14.586, "volume": 382, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 13.924, "volume": 8, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 14.69, "volume": 2, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 14.324, "volume": 11, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 14.324, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 14.622, "volume": 17, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 14.622, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 14.622, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 14.622, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 15.086, "volume": 10, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 15.086, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 15.086, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 15.086, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 15.086, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 15.85, "volume": 8, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 15.536, "volume": 111, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 15.518, "volume": 247, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 15.85, "volume": 140, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 15.214, "volume": 42, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 13.804, "volume": 7, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 13.878, "volume": 3, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 14.06, "volume": 2, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 14.606, "volume": 26, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 12.956, "volume": 42, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 12.276, "volume": 50, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 12.376, "volume": 10, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 12.376, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 11.878, "volume": 1497, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 12.478, "volume": 647, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 13.128, "volume": 280, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 12.694, "volume": 2145, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 12.35, "volume": 233, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 12.918, "volume": 3, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 14.34, "volume": 1728, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 14.936, "volume": 5004, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 13.224, "volume": 1854, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 13.342, "volume": 717, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 13.794, "volume": 168, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 13.702, "volume": 1095, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 13.484, "volume": 26, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 14.53, "volume": 46, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 13.26, "volume": 20, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 13.164, "volume": 50, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 13.322, "volume": 332, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 13.364, "volume": 14, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 13.442, "volume": 2, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 13.322, "volume": 402, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 13.302, "volume": 3, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 14.064, "volume": 24, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 14.064, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 12.672, "volume": 32, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 12.218, "volume": 37, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 15.39803, "volume": 22, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 13.106, "volume": 21, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 12.916, "volume": 11, "typical_volume": 243.8, "trend": 13.305468, "fair_value": 14.124666, "relative_strength": -16.510221, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 0.80967, "energy": 2.697562, "activity_lines": [ 13.353739, 13.425895, 13.456345, 13.452527 ] }, { "date": "2025-11-14", "close": 13.242, "volume": 2, "typical_volume": 151.2, "trend": 13.334334, "fair_value": 14.113769, "relative_strength": -15.969624, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 1.662152, "energy": 7.408383, "activity_lines": [ 13.347071, 13.388004, 13.43325, 13.448432 ] }, { "date": "2025-11-21", "close": 12.98, "volume": 105, "typical_volume": 120.6, "trend": 13.354468, "fair_value": 14.099943, "relative_strength": -14.492101, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -29.004333, "energy": 21.969689, "activity_lines": [ 13.215069, 13.306112, 13.385117, 13.425572 ] }, { "date": "2025-11-28", "close": 12.508, "volume": 6, "typical_volume": 112.5, "trend": 13.375468, "fair_value": 14.080763, "relative_strength": -18.263645, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -63.720987, "energy": 55.388637, "activity_lines": [ 12.874933, 13.144621, 13.293755, 13.370961 ] }, { "date": "2025-12-05", "close": 12.508, "volume": 0, "typical_volume": 57.75, "trend": 13.376468, "fair_value": 14.062039, "relative_strength": -17.812011, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.57941, "energy": 58.931777, "activity_lines": [ 12.727467, 12.997566, 13.208516, 13.314995 ] }, { "date": "2025-12-12", "close": 12.508, "volume": 0, "typical_volume": 56.45, "trend": 13.355801, "fair_value": 14.043756, "relative_strength": -17.367944, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.525418, "energy": 62.608451, "activity_lines": [ 12.619867, 12.878802, 13.128964, 13.258965 ] }, { "date": "2025-12-19", "close": 12.08, "volume": 80, "typical_volume": 58.15, "trend": 13.335334, "fair_value": 14.020922, "relative_strength": -21.707421, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.325318, "energy": 68.534014, "activity_lines": [ 12.3968, 12.71051, 13.013297, 13.176655 ] }, { "date": "2025-12-26", "close": 12.08, "volume": 0, "typical_volume": 57.15, "trend": 13.326334, "fair_value": 13.998613, "relative_strength": -20.686658, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.427377, "energy": 67.081801, "activity_lines": [ 12.2512, 12.552982, 12.909297, 13.095666 ] }, { "date": "2026-01-02", "close": 12.08, "volume": 0, "typical_volume": 54.65, "trend": 13.298401, "fair_value": 13.97681, "relative_strength": -21.247561, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.881007, "energy": 63.907513, "activity_lines": [ 12.1656, 12.397964, 12.810916, 13.015257 ] }, { "date": "2026-01-09", "close": 12.882, "volume": 127, "typical_volume": 44.4, "trend": 13.249801, "fair_value": 13.964509, "relative_strength": -15.944433, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.951812, "energy": 44.380766, "activity_lines": [ 12.375867, 12.449091, 12.794077, 12.988393 ] }, { "date": "2026-01-16", "close": 13.016, "volume": 411, "typical_volume": 64.25, "trend": 13.185801, "fair_value": 13.95397, "relative_strength": -14.574523, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.242473, "energy": 24.103655, "activity_lines": [ 12.605867, 12.528655, 12.792096, 12.973309 ] }, { "date": "2026-01-23", "close": 13.104, "volume": 107, "typical_volume": 69.5, "trend": 13.181801, "fair_value": 13.94463, "relative_strength": -11.50344, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.81953, "energy": 21.897996, "activity_lines": [ 12.831333, 12.6224, 12.800153, 12.968031 ] }, { "date": "2026-01-30", "close": 13.89, "volume": 142, "typical_volume": 56.5, "trend": 13.200068, "fair_value": 13.944036, "relative_strength": -6.925543, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.303193, "energy": 44.364302, "activity_lines": [ 13.250533, 12.861564, 12.884677, 13.013721 ] }, { "date": "2026-02-06", "close": 13.55, "volume": 665, "typical_volume": 89.6, "trend": 13.191934, "fair_value": 13.939799, "relative_strength": -9.236759, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.769737, "energy": 60.456403, "activity_lines": [ 13.435733, 13.022364, 12.934115, 13.036298 ] }, { "date": "2026-02-13", "close": 13.55, "volume": 0, "typical_volume": 88.4, "trend": 13.186868, "fair_value": 13.935652, "relative_strength": -7.744097, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.265731, "energy": 66.794102, "activity_lines": [ 13.522933, 13.164218, 12.982372, 13.059399 ] }, { "date": "2026-02-20", "close": 14.242, "volume": 389, "typical_volume": 107.85, "trend": 13.212134, "fair_value": 13.938877, "relative_strength": -4.604805, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.542583, "energy": 78.463769, "activity_lines": [ 13.796267, 13.412945, 13.098981, 13.127472 ] }, { "date": "2026-02-27", "close": 14.298, "volume": 550, "typical_volume": 133.75, "trend": 13.204401, "fair_value": 13.942618, "relative_strength": -5.209985, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.394452, "energy": 82.149632, "activity_lines": [ 14.006533, 13.640327, 13.220076, 13.197528 ] }, { "date": "2026-03-06", "close": 17.502001, "volume": 65007, "typical_volume": 3382.25, "trend": 13.345801, "fair_value": 13.979312, "relative_strength": 23.779185, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 99.376544, "energy": 99.005699, "activity_lines": [ 15.2052, 14.409927, 13.638572, 13.474792 ] }, { "date": "2026-03-13", "close": 21.959999, "volume": 142879, "typical_volume": 10525.1, "trend": 13.639001, "fair_value": 14.060748, "relative_strength": 53.471244, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 99.80363, "energy": 99.734752, "activity_lines": [ 17.649067, 15.891491, 14.456476, 14.030547 ] }, { "date": "2026-03-20", "close": 22.09, "volume": 123884, "typical_volume": 16718.25, "trend": 13.931268, "fair_value": 14.141851, "relative_strength": 58.233602, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 98.517396, "energy": 99.445729, "activity_lines": [ 19.5756, 17.217055, 15.255514, 14.575773 ] }, { "date": "2026-03-27", "close": 22.459999, "volume": 88182, "typical_volume": 21126.8, "trend": 14.234468, "fair_value": 14.225033, "relative_strength": 57.579937, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.598139, "energy": 96.678743, "activity_lines": [ 21.056133, 18.442473, 16.047009, 15.126013 ] }, { "date": "2026-04-03", "close": 25.1, "volume": 85104, "typical_volume": 25381.9, "trend": 14.623068, "fair_value": 14.332706, "relative_strength": 65.72398, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.025173, "energy": 97.800859, "activity_lines": [ 22.8688, 19.976182, 17.044486, 15.827015 ] }, { "date": "2026-04-10", "close": 22.27, "volume": 3510, "typical_volume": 25552.15, "trend": 14.921334, "fair_value": 14.410522, "relative_strength": 40.04312, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.401185, "energy": 68.502155, "activity_lines": [ 23.018, 20.777236, 17.715971, 16.320366 ] }, { "date": "2026-04-17", "close": 19.691999, "volume": 3002, "typical_volume": 25701.95, "trend": 15.134334, "fair_value": 14.461799, "relative_strength": 20.23048, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.850112, "energy": 65.510395, "activity_lines": [ 21.99, 20.9572, 18.097695, 16.628151 ] }, { "date": "2026-04-24", "close": 23.475, "volume": 2951, "typical_volume": 25849.5, "trend": 15.448034, "fair_value": 14.548464, "relative_strength": 45.628748, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.720429, "energy": 64.490415, "activity_lines": [ 22.3742, 21.713309, 18.805495, 17.166258 ] }, { "date": "2026-05-01", "close": 25.625, "volume": 3179, "typical_volume": 26008.45, "trend": 15.833401, "fair_value": 14.653955, "relative_strength": 55.071993, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.023433, "energy": 64.307065, "activity_lines": [ 23.382733, 22.679872, 19.665833, 17.822837 ] }, { "date": "2026-05-08", "close": 23.42, "volume": 1614, "typical_volume": 26085.15, "trend": 16.191668, "fair_value": 14.736654, "relative_strength": 37.5049, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.811141, "energy": 52.684504, "activity_lines": [ 23.445267, 23.038563, 20.253709, 18.312295 ] }, { "date": "2026-05-15", "close": 25.825001, "volume": 3013, "typical_volume": 26235.8, "trend": 16.645234, "fair_value": 14.840283, "relative_strength": 50.463482, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.781014, "energy": 60.217688, "activity_lines": [ 24.421467, 23.668673, 21.016633, 18.9338 ] }, { "date": "2026-05-22", "close": 25.195, "volume": 1050, "typical_volume": 26288.3, "trend": 16.9718, "fair_value": 14.93616, "relative_strength": 44.136093, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.03422, "energy": 56.564767, "activity_lines": [ 24.950667, 24.032909, 21.654105, 19.485398 ] }, { "date": "2026-05-29", "close": 23.08, "volume": 1773, "typical_volume": 26370.6, "trend": 17.304267, "fair_value": 15.010874, "relative_strength": 29.567495, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.856408, "energy": 46.779141, "activity_lines": [ 24.408, 23.953782, 22.027695, 19.879475 ] }, { "date": "2026-06-05", "close": 23.674999, "volume": 127, "typical_volume": 26356.4, "trend": 17.6629, "fair_value": 15.089639, "relative_strength": 32.174957, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.303439, "energy": 43.392834, "activity_lines": [ 24.09, 23.964836, 22.40939, 20.29049 ] }, { "date": "2026-06-12", "close": 21.99, "volume": 1210, "typical_volume": 26411.55, "trend": 17.9545, "fair_value": 15.151804, "relative_strength": 18.541206, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.105448, "energy": 29.711387, "activity_lines": [ 23.340333, 23.647436, 22.579852, 20.569658 ] }, { "date": "2026-06-19", "close": 20.16, "volume": 0, "typical_volume": 26404.45, "trend": 18.193833, "fair_value": 15.19652, "relative_strength": 5.891847, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.12519, "energy": 21.266623, "activity_lines": [ 22.076, 23.053854, 22.533714, 20.711948 ] }, { "date": "2026-06-26", "close": 18.889999, "volume": 1025, "typical_volume": 26422.45, "trend": 18.406567, "fair_value": 15.229206, "relative_strength": 2.0921, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.658036, "energy": 17.038687, "activity_lines": [ 20.766, 22.267727, 22.336766, 20.756862 ] }, { "date": "2026-07-03", "close": 18.414, "volume": 63, "typical_volume": 26425.6, "trend": 18.603433, "fair_value": 15.257143, "relative_strength": -3.469618, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.879534, "energy": 29.407058, "activity_lines": [ 19.717666, 21.409636, 22.069057, 20.757342 ] }, { "date": "2026-07-10", "close": 19.190001, "volume": 1805, "typical_volume": 26496.4, "trend": 18.826167, "fair_value": 15.291342, "relative_strength": 0.879914, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -6.15591, "energy": 36.242288, "activity_lines": [ 19.239067, 20.784655, 21.85209, 20.795185 ] }, { "date": "2026-07-17", "close": 21.68, "volume": 3661, "typical_volume": 26651.95, "trend": 19.146167, "fair_value": 15.346416, "relative_strength": 15.10022, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -2.990572, "energy": 29.63215, "activity_lines": [ 19.889467, 20.7294, 21.848705, 20.979303 ] }, { "date": "2026-07-24", "close": 23.875, "volume": 6800, "typical_volume": 23741.6, "trend": 19.539333, "fair_value": 15.41931, "relative_strength": 26.082464, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.934784, "energy": 18.353011, "activity_lines": [ 21.2922, 21.104873, 22.019214, 21.284389 ] }, { "date": "2026-07-31", "close": 23.045, "volume": 2309, "typical_volume": 16713.1, "trend": 19.904833, "fair_value": 15.483935, "relative_strength": 20.340484, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.849824, "energy": 28.916827, "activity_lines": [ 22.1706, 21.364891, 22.080329, 21.510561 ] }, { "date": "2026-08-07", "close": 20.620001, "volume": 3200, "typical_volume": 10678.9, "trend": 20.162767, "fair_value": 15.527095, "relative_strength": 4.22563, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.679489, "energy": 25.226876, "activity_lines": [ 21.963667, 21.223091, 21.905324, 21.556701 ] } ], "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." } } }