{ "ticker": { "uuid": "327ac779-679d-46da-80df-f3fea0f24404", "symbol": "JPE", "name": "UBS MSCI Japan Climate Paris Aligned UCITS ETF ir-hEUR acc", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 60.513, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 31.534, "architecture_energy": 22.26, "architecture_maturity": 59.883, "architecture_confidence": 73.016, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 44.9, "rotation_up": 22.62, "upward_expansion": 55.58, "deceleration": 91.08, "rotation_down": 33.61, "downward_expansion": 21.58 }, "activity_lines": [ 23.415, 23.621546, 23.428238, 23.112549 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 23.58, "trend_reference": 22.759667, "distance_from_trend": 0.036043, "trend_direction": "Improving", "fair_value": 18.055051, "distance_from_fair_value": 0.306006, "fair_value_direction": "Weakening", "relative_strength": -6.228382, "relative_strength_direction": "Weakening", "price_momentum": 0.057636, "excess_performance": -0.113255, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.036043, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.04012, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.306006, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.06205, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.062284, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.093131, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.057636, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.376164, "read": "Supply-led" } ], "volume": { "latest": 1281, "relative_activity": 1.026771, "balance": 0.376164, "dry_up": 0.848229, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.027745, "annualized_volatility": 0.204873, "from_high_reference": -0.043408, "from_low_reference": 0.294182 }, "levels": { "trend_reference": 22.759667, "fair_value_reference": 18.055051, "structural_low": 20.764999, "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": 1, "median_return": 0.017659, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.051024, "regime_survival": 0.0, "best_return": 0.017659, "worst_return": 0.017659, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": -0.049468, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.064734, "regime_survival": 0.0, "best_return": -0.049468, "worst_return": -0.049468, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.022687, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.138295, "regime_survival": 0.0, "best_return": 0.022687, "worst_return": 0.022687, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.233481, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.096043, "regime_survival": 0.0, "best_return": 0.233481, "worst_return": 0.233481, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2024-12-27", "tenure": "Established", "return": -0.024457, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-01-10", "tenure": "New", "return": -0.004561, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-01-17", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-24", "end": "2025-01-31", "tenure": "New", "return": 0.001381, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-02-21", "tenure": "New", "return": -0.021949, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-28", "end": "2025-03-14", "tenure": "New", "return": -0.030213, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-21", "end": "2025-05-30", "tenure": "Developing", "return": 0.042684, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-07-11", "tenure": "Developing", "return": 0.023997, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2026-03-20", "tenure": "Extended", "return": 0.245548, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-10", "tenure": "New", "return": 0.065526, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": 0.034592, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-07-31", "tenure": "Established", "return": 0.006775, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 12.836, "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": "2023-08-25", "close": 12.836, "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": "2023-09-01", "close": 12.836, "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": "2023-09-08", "close": 12.836, "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": "2023-09-15", "close": 12.836, "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": "2023-09-22", "close": 12.836, "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": "2023-09-29", "close": 12.836, "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": "2023-10-06", "close": 12.836, "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": "2023-10-13", "close": 12.836, "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": "2023-10-20", "close": 12.836, "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": "2023-10-27", "close": 12.836, "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": "2023-11-03", "close": 12.836, "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": "2023-11-10", "close": 12.836, "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": "2023-11-17", "close": 12.836, "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": "2023-11-24", "close": 15.316, "volume": 20501, "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": "2023-12-01", "close": 15.316, "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": "2023-12-08", "close": 15.274, "volume": 202, "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": "2023-12-15", "close": 15.088, "volume": 762, "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": "2023-12-22", "close": 15.088, "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": "2023-12-29", "close": 15.264, "volume": 10468, "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": "2024-01-05", "close": 15.458, "volume": 9753, "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": "2024-01-12", "close": 16.271999, "volume": 614, "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": "2024-01-19", "close": 16.143999, "volume": 154, "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": "2024-01-26", "close": 16.156, "volume": 614, "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": "2024-02-02", "close": 16.156, "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": "2024-02-09", "close": 16.156, "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": "2024-02-16", "close": 16.681999, "volume": 890, "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": "2024-02-23", "close": 16.681999, "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": "2024-03-01", "close": 16.681999, "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": "2024-03-08", "close": 16.681999, "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": "2024-03-15", "close": 16.856001, "volume": 200, "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": "2024-03-22", "close": 16.856001, "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": "2024-03-29", "close": 16.856001, "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": "2024-04-05", "close": 16.856001, "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": "2024-04-12", "close": 17.128, "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": "2024-04-19", "close": 17.128, "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": "2024-04-26", "close": 16.775999, "volume": 3955, "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": "2024-05-03", "close": 16.809999, "volume": 1130, "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": 17.118, "volume": 565, "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": 17.118, "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": "2024-05-24", "close": 17.118, "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": 16.76, "volume": 565, "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": 16.76, "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": "2024-06-14", "close": 16.76, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 16.76, "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": 16.76, "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": 17.756001, "volume": 2825, "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": 17.756001, "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": 17.837999, "volume": 2825, "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": 16.719999, "volume": 1130, "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": 17.004, "volume": 565, "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": 15.998, "volume": 732, "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": 15.998, "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": 17.1, "volume": 300, "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": 17.1, "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": 17.1, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 17.1, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 17.1, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 17.246, "volume": 565, "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": 17.417999, "volume": 2260, "typical_volume": 588.35, "trend": 16.988467, "fair_value": 15.006175, "relative_strength": 3.668325, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.323549, "energy": 53.948241, "activity_lines": [ 17.244933, 17.079782, 17.035371, 17.017355 ] }, { "date": "2024-10-11", "close": 17.25, "volume": 565, "typical_volume": 616.6, "trend": 17.0016, "fair_value": 15.033876, "relative_strength": 0.345708, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.988747, "energy": 43.802761, "activity_lines": [ 17.264, 17.140436, 17.058457, 17.034228 ] }, { "date": "2024-10-18", "close": 17.302, "volume": 1130, "typical_volume": 644.85, "trend": 17.016467, "fair_value": 15.061537, "relative_strength": -1.997246, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.8236, "energy": 42.030389, "activity_lines": [ 17.2904, 17.206073, 17.085867, 17.053609 ] }, { "date": "2024-10-25", "close": 16.944, "volume": 565, "typical_volume": 673.1, "trend": 17.0194, "fair_value": 15.084217, "relative_strength": -2.906494, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.271633, "energy": 25.987463, "activity_lines": [ 17.184, 17.182909, 17.0766, 17.048933 ] }, { "date": "2024-11-01", "close": 17.274, "volume": 3390, "typical_volume": 842.6, "trend": 17.033333, "fair_value": 15.110286, "relative_strength": -0.921861, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.320456, "energy": 22.444402, "activity_lines": [ 17.198, 17.202545, 17.097886, 17.065359 ] }, { "date": "2024-11-08", "close": 17.346001, "volume": 2260, "typical_volume": 955.6, "trend": 17.0406, "fair_value": 15.136588, "relative_strength": 1.774591, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.422799, "energy": 36.927268, "activity_lines": [ 17.234134, 17.232109, 17.123581, 17.085531 ] }, { "date": "2024-11-15", "close": 17.346001, "volume": 0, "typical_volume": 955.6, "trend": 17.047867, "fair_value": 15.162279, "relative_strength": 0.381975, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.660204, "energy": 37.916647, "activity_lines": [ 17.275067, 17.2572, 17.146486, 17.105234 ] }, { "date": "2024-11-22", "close": 17.346001, "volume": 0, "typical_volume": 814.35, "trend": 17.066867, "fair_value": 15.187379, "relative_strength": 2.480649, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.024441, "energy": 69.75355, "activity_lines": [ 17.309601, 17.277819, 17.1666, 17.124469 ] }, { "date": "2024-11-29", "close": 17.346001, "volume": 0, "typical_volume": 814.35, "trend": 17.084733, "fair_value": 15.211909, "relative_strength": 2.697289, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.313655, "energy": 69.712244, "activity_lines": [ 17.341201, 17.293964, 17.188667, 17.142478 ] }, { "date": "2024-12-06", "close": 17.346001, "volume": 0, "typical_volume": 673.1, "trend": 17.092333, "fair_value": 15.235888, "relative_strength": -1.236026, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.686007, "energy": 65.149829, "activity_lines": [ 17.346001, 17.305637, 17.212686, 17.159334 ] }, { "date": "2024-12-13", "close": 17.191999, "volume": 587, "typical_volume": 645.95, "trend": 17.0948, "fair_value": 15.257622, "relative_strength": -2.488106, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.493314, "energy": 37.724281, "activity_lines": [ 17.294667, 17.287491, 17.224381, 17.165764 ] }, { "date": "2024-12-20", "close": 16.992001, "volume": 1174, "typical_volume": 676.4, "trend": 17.0906, "fair_value": 15.276681, "relative_strength": -0.440406, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 11.180871, "energy": 11.274153, "activity_lines": [ 17.186934, 17.237091, 17.214781, 17.159131 ] }, { "date": "2024-12-27", "close": 16.992001, "volume": 0, "typical_volume": 639.8, "trend": 17.098334, "fair_value": 15.295326, "relative_strength": -1.571044, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -6.96014, "energy": 21.257427, "activity_lines": [ 17.102801, 17.191382, 17.205239, 17.15277 ] }, { "date": "2025-01-03", "close": 17.101999, "volume": 5870, "typical_volume": 933.3, "trend": 17.109733, "fair_value": 15.314753, "relative_strength": -0.812824, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.01332, "energy": 33.038934, "activity_lines": [ 17.078933, 17.171309, 17.201438, 17.153007 ] }, { "date": "2025-01-10", "close": 17.024, "volume": 6973, "typical_volume": 1266.95, "trend": 17.118533, "fair_value": 15.332936, "relative_strength": -3.793095, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.205793, "energy": 48.19797, "activity_lines": [ 17.045333, 17.134182, 17.184953, 17.147475 ] }, { "date": "2025-01-17", "close": 17.024, "volume": 0, "typical_volume": 1266.95, "trend": 17.127333, "fair_value": 15.350737, "relative_strength": -6.691298, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.113739, "energy": 55.057683, "activity_lines": [ 17.0332, 17.1016, 17.168829, 17.141377 ] }, { "date": "2025-01-24", "close": 17.379999, "volume": 987, "typical_volume": 1316.3, "trend": 17.148, "fair_value": 15.371875, "relative_strength": -4.374702, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.481046, "energy": 13.91616, "activity_lines": [ 17.150933, 17.1396, 17.186972, 17.157678 ] }, { "date": "2025-01-31", "close": 17.403999, "volume": 4109, "typical_volume": 1521.75, "trend": 17.136267, "fair_value": 15.392825, "relative_strength": -4.776325, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.278623, "energy": 45.078273, "activity_lines": [ 17.250799, 17.181345, 17.206067, 17.174194 ] }, { "date": "2025-02-07", "close": 17.403999, "volume": 0, "typical_volume": 1521.75, "trend": 17.124533, "fair_value": 15.413347, "relative_strength": -6.100894, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.464455, "energy": 79.196375, "activity_lines": [ 17.323199, 17.222036, 17.223714, 17.191467 ] }, { "date": "2025-02-14", "close": 17.115999, "volume": 3522, "typical_volume": 1669.6, "trend": 17.100467, "fair_value": 15.430545, "relative_strength": -9.635928, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.537963, "energy": 38.432553, "activity_lines": [ 17.279466, 17.209308, 17.212486, 17.190916 ] }, { "date": "2025-02-21", "close": 17.021999, "volume": 1761, "typical_volume": 1644.65, "trend": 17.110533, "fair_value": 15.44646, "relative_strength": -10.937968, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 7.095837, "energy": 11.15803, "activity_lines": [ 17.198266, 17.183672, 17.192924, 17.185854 ] }, { "date": "2025-02-28", "close": 16.813999, "volume": 1761, "typical_volume": 1704.45, "trend": 17.1042, "fair_value": 15.46, "relative_strength": -12.31627, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -50.82497, "energy": 40.221409, "activity_lines": [ 17.047866, 17.123308, 17.155438, 17.166722 ] }, { "date": "2025-03-07", "close": 16.73, "volume": 4687, "typical_volume": 1882.3, "trend": 17.1286, "fair_value": 15.472451, "relative_strength": -12.390334, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.195744, "energy": 54.308041, "activity_lines": [ 16.907199, 17.050908, 17.112028, 17.14258 ] }, { "date": "2025-03-14", "close": 16.306, "volume": 1174, "typical_volume": 1912.75, "trend": 17.138867, "fair_value": 15.480544, "relative_strength": -14.49906, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -94.061137, "energy": 96.945487, "activity_lines": [ 16.670133, 16.906181, 17.030962, 17.089509 ] }, { "date": "2025-03-21", "close": 16.306, "volume": 0, "typical_volume": 1743.25, "trend": 17.1124, "fair_value": 15.488481, "relative_strength": -15.091696, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.24181, "energy": 97.062761, "activity_lines": [ 16.506266, 16.775927, 16.952933, 17.035776 ] }, { "date": "2025-03-28", "close": 16.306, "volume": 0, "typical_volume": 1630.25, "trend": 17.085933, "fair_value": 15.496267, "relative_strength": -14.225656, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.227795, "energy": 93.616356, "activity_lines": [ 16.3964, 16.658727, 16.879514, 16.98375 ] }, { "date": "2025-04-04", "close": 16.256001, "volume": 1174, "typical_volume": 1688.95, "trend": 17.0578, "fair_value": 15.503434, "relative_strength": -4.295658, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.707907, "energy": 92.413661, "activity_lines": [ 16.3176, 16.545491, 16.806285, 16.930206 ] }, { "date": "2025-04-11", "close": 14.988, "volume": 794, "typical_volume": 1728.65, "trend": 16.9874, "fair_value": 15.498617, "relative_strength": -9.914297, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -99.611686, "energy": 99.52487, "activity_lines": [ 15.853334, 16.222145, 16.617485, 16.796671 ] }, { "date": "2025-04-18", "close": 15.83, "volume": 5953, "typical_volume": 2026.3, "trend": 16.945067, "fair_value": 15.501685, "relative_strength": -9.784876, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.168639, "energy": 68.047721, "activity_lines": [ 15.785867, 16.095818, 16.520105, 16.722 ] }, { "date": "2025-04-25", "close": 16.306, "volume": 1174, "typical_volume": 2085.0, "trend": 16.913733, "fair_value": 15.509064, "relative_strength": -10.287709, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.265169, "energy": 66.495776, "activity_lines": [ 15.9088, 16.084655, 16.475276, 16.68077 ] }, { "date": "2025-05-02", "close": 16.306, "volume": 0, "typical_volume": 2055.65, "trend": 16.876667, "fair_value": 15.516309, "relative_strength": -12.323663, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.950565, "energy": 61.314251, "activity_lines": [ 16.031733, 16.088218, 16.4354, 16.641561 ] }, { "date": "2025-05-09", "close": 16.785999, "volume": 587, "typical_volume": 2026.3, "trend": 16.8612, "fair_value": 15.527748, "relative_strength": -11.895657, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.413241, "energy": 22.9313, "activity_lines": [ 16.314666, 16.192073, 16.445457, 16.635712 ] }, { "date": "2025-05-16", "close": 17.200001, "volume": 587, "typical_volume": 2055.65, "trend": 16.8578, "fair_value": 15.542679, "relative_strength": -12.367553, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 5.216523, "energy": 28.004555, "activity_lines": [ 16.700267, 16.371709, 16.495924, 16.65757 ] }, { "date": "2025-05-23", "close": 16.653999, "volume": 7671, "typical_volume": 2145.7, "trend": 16.848133, "fair_value": 15.552513, "relative_strength": -12.351032, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.335524, "energy": 29.824087, "activity_lines": [ 16.7564, 16.443527, 16.4934, 16.644421 ] }, { "date": "2025-05-30", "close": 17.002001, "volume": 4109, "typical_volume": 2002.5, "trend": 16.839067, "fair_value": 15.565228, "relative_strength": -11.667561, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 26.136216, "energy": 35.967145, "activity_lines": [ 16.8736, 16.572291, 16.526152, 16.654348 ] }, { "date": "2025-06-06", "close": 17.002001, "volume": 0, "typical_volume": 2002.5, "trend": 16.8276, "fair_value": 15.577722, "relative_strength": -12.561021, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.052456, "energy": 36.493535, "activity_lines": [ 16.9444, 16.6884, 16.55901, 16.66486 ] }, { "date": "2025-06-13", "close": 17.204, "volume": 1761, "typical_volume": 2041.2, "trend": 16.822867, "fair_value": 15.591741, "relative_strength": -8.631049, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.827131, "energy": 45.962541, "activity_lines": [ 17.036134, 16.828582, 16.61121, 16.689144 ] }, { "date": "2025-06-20", "close": 17.204, "volume": 0, "typical_volume": 1835.75, "trend": 16.818133, "fair_value": 15.605521, "relative_strength": -7.906845, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.91995, "energy": 51.924194, "activity_lines": [ 17.1, 16.951527, 16.664248, 16.713733 ] }, { "date": "2025-06-27", "close": 17.74, "volume": 2935, "typical_volume": 1982.5, "trend": 16.831267, "fair_value": 15.62361, "relative_strength": -6.034224, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.777538, "energy": 64.368672, "activity_lines": [ 17.342267, 17.131637, 16.769286, 16.773209 ] }, { "date": "2025-07-04", "close": 17.49, "volume": 3636, "typical_volume": 1988.2, "trend": 16.836067, "fair_value": 15.639294, "relative_strength": -6.772164, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.221726, "energy": 60.917574, "activity_lines": [ 17.4288, 17.231564, 16.848914, 16.815708 ] }, { "date": "2025-07-11", "close": 17.41, "volume": 587, "typical_volume": 1929.5, "trend": 16.843333, "fair_value": 15.65405, "relative_strength": -7.958928, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.014795, "energy": 77.302758, "activity_lines": [ 17.456133, 17.295418, 16.919143, 16.852735 ] }, { "date": "2025-07-18", "close": 17.41, "volume": 0, "typical_volume": 1841.45, "trend": 16.857267, "fair_value": 15.668562, "relative_strength": -8.158449, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.454277, "energy": 81.98612, "activity_lines": [ 17.456267, 17.3392, 16.987524, 16.889295 ] }, { "date": "2025-07-25", "close": 17.516001, "volume": 587, "typical_volume": 1636.45, "trend": 16.874733, "fair_value": 15.683705, "relative_strength": -8.297037, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.734762, "energy": 80.137558, "activity_lines": [ 17.478, 17.390909, 17.063162, 16.931794 ] }, { "date": "2025-08-01", "close": 17.724001, "volume": 1761, "typical_volume": 1665.8, "trend": 16.895467, "fair_value": 15.700293, "relative_strength": -5.049094, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.991044, "energy": 74.889661, "activity_lines": [ 17.548267, 17.474691, 17.154867, 16.986585 ] }, { "date": "2025-08-08", "close": 18.219999, "volume": 5707, "typical_volume": 1951.15, "trend": 16.935333, "fair_value": 15.720613, "relative_strength": -6.08019, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.472927, "energy": 88.741584, "activity_lines": [ 17.784933, 17.6292, 17.287057, 17.072039 ] }, { "date": "2025-08-15", "close": 18.219999, "volume": 0, "typical_volume": 1951.15, "trend": 16.9752, "fair_value": 15.740608, "relative_strength": -8.131972, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.973867, "energy": 92.49957, "activity_lines": [ 17.972933, 17.761564, 17.410133, 17.15492 ] }, { "date": "2025-08-22", "close": 19.232, "volume": 42, "typical_volume": 1894.55, "trend": 17.036933, "fair_value": 15.768317, "relative_strength": -4.244154, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.600794, "energy": 98.825855, "activity_lines": [ 18.444266, 18.055782, 17.620476, 17.30052 ] }, { "date": "2025-08-29", "close": 18.704, "volume": 292, "typical_volume": 1869.45, "trend": 17.080267, "fair_value": 15.791433, "relative_strength": -4.199051, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.543958, "energy": 91.602737, "activity_lines": [ 18.618133, 18.217127, 17.766362, 17.408073 ] }, { "date": "2025-09-05", "close": 18.704, "volume": 0, "typical_volume": 1571.8, "trend": 17.1236, "fair_value": 15.814187, "relative_strength": -2.585579, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.523242, "energy": 88.69882, "activity_lines": [ 18.7128, 18.3512, 17.894552, 17.51283 ] }, { "date": "2025-09-12", "close": 19.136, "volume": 8, "typical_volume": 1513.5, "trend": 17.190933, "fair_value": 15.839938, "relative_strength": -2.335094, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.213417, "energy": 93.864559, "activity_lines": [ 18.886133, 18.546291, 18.0502, 17.642662 ] }, { "date": "2025-09-19", "close": 19.396, "volume": 15, "typical_volume": 1514.25, "trend": 17.270067, "fair_value": 15.867292, "relative_strength": -0.213425, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.942533, "energy": 74.72903, "activity_lines": [ 19.085067, 18.758727, 18.217133, 17.784925 ] }, { "date": "2025-09-26", "close": 19.312, "volume": 1443, "typical_volume": 1557.05, "trend": 17.353333, "fair_value": 15.893588, "relative_strength": -1.242754, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.266018, "energy": 73.334834, "activity_lines": [ 19.1776, 18.919782, 18.361352, 17.916662 ] }, { "date": "2025-10-03", "close": 19.247999, "volume": 976, "typical_volume": 1576.5, "trend": 17.437267, "fair_value": 15.919, "relative_strength": -2.662441, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.753325, "energy": 68.545427, "activity_lines": [ 19.243466, 19.034618, 18.487448, 18.038899 ] }, { "date": "2025-10-10", "close": 19.247999, "volume": 0, "typical_volume": 1192.95, "trend": 17.535333, "fair_value": 15.94403, "relative_strength": 0.328688, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.899841, "energy": 67.566283, "activity_lines": [ 19.273066, 19.117963, 18.60379, 18.15572 ] }, { "date": "2025-10-17", "close": 19.958, "volume": 1443, "typical_volume": 1059.65, "trend": 17.657067, "fair_value": 15.973985, "relative_strength": 4.811763, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.175083, "energy": 75.433832, "activity_lines": [ 19.503066, 19.302691, 18.7754, 18.312021 ] }, { "date": "2025-10-24", "close": 19.958, "volume": 0, "typical_volume": 1059.65, "trend": 17.7788, "fair_value": 16.003496, "relative_strength": 3.089416, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.236333, "energy": 73.688232, "activity_lines": [ 19.678266, 19.455818, 18.932933, 18.460469 ] }, { "date": "2025-10-31", "close": 19.958, "volume": 0, "typical_volume": 971.6, "trend": 17.9022, "fair_value": 16.032573, "relative_strength": 1.600591, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.36237, "energy": 79.283378, "activity_lines": [ 19.816, 19.577345, 19.07639, 18.601062 ] }, { "date": "2025-11-07", "close": 19.958, "volume": 0, "typical_volume": 971.6, "trend": 18.067867, "fair_value": 16.061226, "relative_strength": 2.416393, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.135643, "energy": 89.927608, "activity_lines": [ 19.910667, 19.685673, 19.206733, 18.733695 ] }, { "date": "2025-11-14", "close": 21.129999, "volume": 214, "typical_volume": 835.55, "trend": 18.244533, "fair_value": 16.097956, "relative_strength": 5.897464, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.155088, "energy": 97.822477, "activity_lines": [ 20.348666, 19.984291, 19.435581, 18.931251 ] }, { "date": "2025-11-21", "close": 20.5, "volume": 2946, "typical_volume": 801.05, "trend": 18.384333, "fair_value": 16.129626, "relative_strength": 6.118314, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.667308, "energy": 89.818297, "activity_lines": [ 20.4512, 20.124254, 19.588285, 19.076765 ] }, { "date": "2025-11-28", "close": 21.184999, "volume": 3367, "typical_volume": 940.05, "trend": 18.546967, "fair_value": 16.165736, "relative_strength": 8.046238, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.967281, "energy": 94.619329, "activity_lines": [ 20.745933, 20.363963, 19.791895, 19.257454 ] }, { "date": "2025-12-05", "close": 21.17, "volume": 785, "typical_volume": 979.3, "trend": 18.6931, "fair_value": 16.201227, "relative_strength": 7.834686, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.64226, "energy": 74.125435, "activity_lines": [ 20.953866, 20.568418, 19.9761, 19.426682 ] }, { "date": "2025-12-12", "close": 21.094999, "volume": 687, "typical_volume": 984.3, "trend": 18.822933, "fair_value": 16.23569, "relative_strength": 7.289038, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.642115, "energy": 76.489077, "activity_lines": [ 21.055999, 20.725454, 20.135257, 19.581643 ] }, { "date": "2025-12-19", "close": 21.094999, "volume": 0, "typical_volume": 896.25, "trend": 18.970967, "fair_value": 16.269671, "relative_strength": 4.448933, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.845667, "energy": 69.530348, "activity_lines": [ 21.082333, 20.848909, 20.277371, 19.728228 ] }, { "date": "2025-12-26", "close": 21.094999, "volume": 0, "typical_volume": 610.9, "trend": 19.1074, "fair_value": 16.30318, "relative_strength": 4.912054, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.324717, "energy": 68.232382, "activity_lines": [ 21.110999, 20.938781, 20.403433, 19.865262 ] }, { "date": "2026-01-02", "close": 21.094999, "volume": 0, "typical_volume": 610.9, "trend": 19.243833, "fair_value": 16.336228, "relative_strength": 3.298156, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.65152, "energy": 66.951786, "activity_lines": [ 21.099999, 21.007981, 20.515804, 19.993494 ] }, { "date": "2026-01-09", "close": 21.764999, "volume": 120, "typical_volume": 614.8, "trend": 19.395866, "fair_value": 16.373411, "relative_strength": 5.81587, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.094081, "energy": 74.736097, "activity_lines": [ 21.318332, 21.178326, 20.678295, 20.15615 ] }, { "date": "2026-01-16", "close": 22.450001, "volume": 230, "typical_volume": 611.7, "trend": 19.570733, "fair_value": 16.414748, "relative_strength": 8.856452, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.07251, "energy": 77.642828, "activity_lines": [ 21.725333, 21.440363, 20.893961, 20.353191 ] }, { "date": "2026-01-23", "close": 21.915001, "volume": 966, "typical_volume": 660.0, "trend": 19.7099, "fair_value": 16.451912, "relative_strength": 8.516261, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.166432, "energy": 68.816586, "activity_lines": [ 21.863667, 21.559818, 21.040838, 20.504434 ] }, { "date": "2026-01-30", "close": 21.76, "volume": 549, "typical_volume": 687.05, "trend": 19.852233, "fair_value": 16.487537, "relative_strength": 6.1004, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.501697, "energy": 67.102841, "activity_lines": [ 21.895667, 21.636818, 21.157662, 20.636699 ] }, { "date": "2026-02-06", "close": 22.295, "volume": 315, "typical_volume": 702.05, "trend": 20.015066, "fair_value": 16.526253, "relative_strength": 7.804633, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.949721, "energy": 71.418124, "activity_lines": [ 22.061667, 21.788182, 21.312943, 20.794296 ] }, { "date": "2026-02-13", "close": 22.745001, "volume": 970, "typical_volume": 678.4, "trend": 20.1929, "fair_value": 16.567437, "relative_strength": 10.82401, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.660231, "energy": 74.401781, "activity_lines": [ 22.297667, 22.001182, 21.497276, 20.970421 ] }, { "date": "2026-02-20", "close": 22.535, "volume": 70, "typical_volume": 633.1, "trend": 20.3602, "fair_value": 16.606697, "relative_strength": 7.147916, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.370169, "energy": 70.503417, "activity_lines": [ 22.398334, 22.147364, 21.645262, 21.121525 ] }, { "date": "2026-02-27", "close": 22.535, "volume": 0, "typical_volume": 633.1, "trend": 20.520566, "fair_value": 16.645444, "relative_strength": 5.285705, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.370915, "energy": 85.934682, "activity_lines": [ 22.493334, 22.267364, 21.777595, 21.261834 ] }, { "date": "2026-03-06", "close": 21.815001, "volume": 256, "typical_volume": 573.75, "trend": 20.6404, "fair_value": 16.679013, "relative_strength": 8.701608, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.226373, "energy": 66.168593, "activity_lines": [ 22.307, 22.230273, 21.825705, 21.345346 ] }, { "date": "2026-03-13", "close": 21.934999, "volume": 1915, "typical_volume": 669.5, "trend": 20.764233, "fair_value": 16.712923, "relative_strength": 8.55676, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.606011, "energy": 54.589386, "activity_lines": [ 22.157, 22.201909, 21.8764, 21.428869 ] }, { "date": "2026-03-20", "close": 21.684999, "volume": 1093, "typical_volume": 724.15, "trend": 20.846, "fair_value": 16.744795, "relative_strength": 10.604323, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.842835, "energy": 32.775528, "activity_lines": [ 21.947666, 22.112818, 21.893871, 21.488273 ] }, { "date": "2026-03-27", "close": 20.754999, "volume": 150, "typical_volume": 731.65, "trend": 20.914366, "fair_value": 16.795558, "relative_strength": 4.295771, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -4.579247, "energy": 25.666913, "activity_lines": [ 21.498999, 21.856091, 21.814547, 21.482402 ] }, { "date": "2026-04-03", "close": 21.440001, "volume": 681, "typical_volume": 755.0, "trend": 21.005566, "fair_value": 16.850711, "relative_strength": 2.431065, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 7.722576, "energy": 25.136819, "activity_lines": [ 21.397333, 21.754727, 21.796667, 21.516314 ] }, { "date": "2026-04-10", "close": 22.115, "volume": 468, "typical_volume": 631.1, "trend": 21.104866, "fair_value": 16.910192, "relative_strength": 1.150957, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 23.651819, "energy": 24.23754, "activity_lines": [ 21.593667, 21.784727, 21.841595, 21.58789 ] }, { "date": "2026-04-17", "close": 22.115, "volume": 0, "typical_volume": 462.75, "trend": 21.1955, "fair_value": 16.969673, "relative_strength": -1.508883, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 29.518693, "energy": 20.136542, "activity_lines": [ 21.77, 21.808273, 21.878833, 21.65306 ] }, { "date": "2026-04-24", "close": 22.879999, "volume": 551, "typical_volume": 451.05, "trend": 21.314433, "fair_value": 17.034058, "relative_strength": 4.301799, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 69.071554, "energy": 49.329986, "activity_lines": [ 22.189333, 21.974182, 21.9845, 21.761737 ] }, { "date": "2026-05-01", "close": 22.879999, "volume": 0, "typical_volume": 416.7, "trend": 21.4355, "fair_value": 17.098442, "relative_strength": 2.81666, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.480226, "energy": 79.435463, "activity_lines": [ 22.528999, 22.137636, 22.082024, 21.862742 ] }, { "date": "2026-05-08", "close": 23.485001, "volume": 2110, "typical_volume": 522.2, "trend": 21.576733, "fair_value": 17.166705, "relative_strength": 3.084729, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.142191, "energy": 89.369487, "activity_lines": [ 22.928667, 22.404818, 22.228667, 21.994968 ] }, { "date": "2026-05-15", "close": 22.83, "volume": 4833, "typical_volume": 763.85, "trend": 21.672466, "fair_value": 17.230769, "relative_strength": 0.390273, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.498582, "energy": 82.482745, "activity_lines": [ 22.973667, 22.535636, 22.301548, 22.075824 ] }, { "date": "2026-05-22", "close": 22.610001, "volume": 3856, "typical_volume": 956.65, "trend": 21.760867, "fair_value": 17.293423, "relative_strength": -1.512592, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.676821, "energy": 74.570625, "activity_lines": [ 22.897667, 22.608, 22.345214, 22.13631 ] }, { "date": "2026-05-29", "close": 23.584999, "volume": 4457, "typical_volume": 1173.5, "trend": 21.881766, "fair_value": 17.362327, "relative_strength": 1.455749, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.898941, "energy": 65.455818, "activity_lines": [ 23.113667, 22.845364, 22.474524, 22.253996 ] }, { "date": "2026-06-05", "close": 23.245001, "volume": 2184, "typical_volume": 1271.2, "trend": 21.991333, "fair_value": 17.429051, "relative_strength": 0.086441, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.122792, "energy": 52.500829, "activity_lines": [ 23.169334, 22.986364, 22.562786, 22.341946 ] }, { "date": "2026-06-12", "close": 22.575001, "volume": 0, "typical_volume": 1222.9, "trend": 22.0395, "fair_value": 17.491481, "relative_strength": -5.834364, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.940183, "energy": 41.108751, "activity_lines": [ 22.977334, 22.960273, 22.583452, 22.379602 ] }, { "date": "2026-06-19", "close": 24.65, "volume": 0, "typical_volume": 1195.45, "trend": 22.177833, "fair_value": 17.567211, "relative_strength": 0.075239, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.527001, "energy": 60.792551, "activity_lines": [ 23.537667, 23.290818, 22.798595, 22.548022 ] }, { "date": "2026-06-26", "close": 24.16, "volume": 0, "typical_volume": 1179.7, "trend": 22.277, "fair_value": 17.639801, "relative_strength": 1.012828, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.936502, "energy": 66.155204, "activity_lines": [ 23.813334, 23.486182, 22.95331, 22.675903 ] }, { "date": "2026-07-03", "close": 24.16, "volume": 0, "typical_volume": 1131.2, "trend": 22.376667, "fair_value": 17.712391, "relative_strength": -2.023668, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.953676, "energy": 79.542636, "activity_lines": [ 23.985667, 23.644364, 23.099143, 22.797387 ] }, { "date": "2026-07-10", "close": 23.98, "volume": 1429, "typical_volume": 1199.15, "trend": 22.472833, "fair_value": 17.783827, "relative_strength": -2.460581, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.188712, "energy": 80.009407, "activity_lines": [ 24.059667, 23.746546, 23.221095, 22.900828 ] }, { "date": "2026-07-17", "close": 23.915001, "volume": 21, "typical_volume": 1200.2, "trend": 22.566833, "fair_value": 17.854846, "relative_strength": -1.470394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.660894, "energy": 64.74279, "activity_lines": [ 24.063, 23.816909, 23.329976, 22.993871 ] }, { "date": "2026-07-24", "close": 23.125, "volume": 1964, "typical_volume": 1285.6, "trend": 22.6345, "fair_value": 17.920801, "relative_strength": -4.642016, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.960374, "energy": 36.342772, "activity_lines": [ 23.713667, 23.735818, 23.357048, 23.029882 ] }, { "date": "2026-07-31", "close": 23.035, "volume": 967, "typical_volume": 1238.2, "trend": 22.699167, "fair_value": 17.986179, "relative_strength": -5.679983, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.131703, "energy": 20.252445, "activity_lines": [ 23.436, 23.633, 23.36931, 23.055721 ] }, { "date": "2026-08-07", "close": 23.58, "volume": 1281, "typical_volume": 1247.6, "trend": 22.759667, "fair_value": 18.055051, "relative_strength": -6.228382, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.534399, "energy": 22.260191, "activity_lines": [ 23.415, 23.621546, 23.428238, 23.112549 ] } ], "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." } } }