{ "ticker": { "uuid": "359eb2f9-f6d1-4dce-8fe1-7267e8b4dc2e", "symbol": "CBUS5", "name": "UBS BBG US Liquid Corp 1-5 UCITS ETF USD dis", "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": 66.361, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 44.837, "architecture_energy": 35.233, "architecture_maturity": 73.653, "architecture_confidence": 67.959, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 28.49, "rotation_up": 33.16, "upward_expansion": 66.38, "deceleration": 88.29, "rotation_down": 27.62, "downward_expansion": 18.71 }, "activity_lines": [ 12.056533, 12.080291, 12.014886, 11.971704 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 12.008, "trend_reference": 11.910836, "distance_from_trend": 0.008158, "trend_direction": "Improving", "fair_value": 11.689106, "distance_from_fair_value": 0.027281, "fair_value_direction": "Improving", "relative_strength": -13.125328, "relative_strength_direction": "Weakening", "price_momentum": 0.024723, "excess_performance": -0.146168, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.008158, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.008161, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.027281, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.011664, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.131253, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.012867, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.024723, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.521979, "read": "Supply-led" } ], "volume": { "latest": 2755, "relative_activity": 0.311756, "balance": 0.521979, "dry_up": 0.628603, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.006009, "annualized_volatility": 0.047842, "from_high_reference": -0.01493, "from_low_reference": 0.042109 }, "levels": { "trend_reference": 11.910836, "fair_value_reference": 11.689106, "structural_low": 11.63, "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": 37, "median_return": 0.000628, "positive_rate": 0.513514, "directional_follow_through": 0.513514, "median_excess_return": -0.015307, "regime_survival": 0.783784, "best_return": 0.022559, "worst_return": -0.036402, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.008602, "positive_rate": 0.538462, "directional_follow_through": 0.538462, "median_excess_return": -0.042145, "regime_survival": 0.615385, "best_return": 0.063178, "worst_return": -0.039909, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.027706, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.071826, "regime_survival": 0.285714, "best_return": 0.054597, "worst_return": -0.060349, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.019627, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.209181, "regime_survival": 0.25, "best_return": 0.086869, "worst_return": -0.084426, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-04-05", "end": "2024-05-17", "tenure": "Developing", "return": 0.000633, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-24", "end": "2024-06-14", "tenure": "New", "return": 0.023259, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-21", "end": "2025-03-07", "tenure": "Extended", "return": 0.032846, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-14", "end": "2025-03-28", "tenure": "New", "return": 0.009374, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-25", "tenure": "New", "return": -0.035567, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-02", "end": "2025-08-29", "tenure": "Established", "return": 0.000413, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-05", "end": "2025-10-10", "tenure": "Developing", "return": 0.011616, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-10-17", "end": "2025-10-31", "tenure": "New", "return": 0.009324, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-07", "end": "2025-12-12", "tenure": "Developing", "return": -0.010418, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-19", "end": "2026-01-23", "tenure": "Developing", "return": -0.0005, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-30", "end": "2026-03-06", "tenure": "Developing", "return": 0.029719, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-13", "end": "2026-04-24", "tenure": "Developing", "return": -0.015303, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-06-05", "tenure": "Developing", "return": 0.014419, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": 0.000333, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 10.865997, "volume": 38345, "typical_volume": 15488.5, "trend": 10.867475, "fair_value": 10.791739, "relative_strength": -10.145047, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.359076, "energy": 18.624818, "activity_lines": [ 10.794644, 10.759169, 10.80754, 10.834368 ] }, { "date": "2023-08-25", "close": 10.954165, "volume": 4653, "typical_volume": 15621.15, "trend": 10.871399, "fair_value": 10.795357, "relative_strength": -10.269765, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -4.098664, "energy": 17.454045, "activity_lines": [ 10.859008, 10.794431, 10.819439, 10.839961 ] }, { "date": "2023-09-01", "close": 10.957692, "volume": 865, "typical_volume": 15594.45, "trend": 10.873514, "fair_value": 10.798478, "relative_strength": -11.046266, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 17.859199, "energy": 28.676835, "activity_lines": [ 10.903145, 10.827579, 10.831487, 10.845529 ] }, { "date": "2023-09-08", "close": 11.06526, "volume": 26287, "typical_volume": 15856.55, "trend": 10.877312, "fair_value": 10.80248, "relative_strength": -8.307699, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.623549, "energy": 52.305014, "activity_lines": [ 10.969801, 10.878377, 10.852779, 10.857899 ] }, { "date": "2023-09-15", "close": 11.091708, "volume": 11795, "typical_volume": 16419.15, "trend": 10.881703, "fair_value": 10.806778, "relative_strength": -9.647361, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.939872, "energy": 71.357848, "activity_lines": [ 11.024466, 10.929617, 10.875255, 10.871731 ] }, { "date": "2023-09-22", "close": 11.093473, "volume": 57967, "typical_volume": 19240.95, "trend": 10.883964, "fair_value": 10.80992, "relative_strength": -7.923539, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.197097, "energy": 83.19222, "activity_lines": [ 11.059968, 10.975103, 10.896318, 10.885394 ] }, { "date": "2023-09-29", "close": 11.167537, "volume": 110868, "typical_volume": 24423.0, "trend": 10.891632, "fair_value": 10.814005, "relative_strength": -5.502305, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.705619, "energy": 88.186252, "activity_lines": [ 11.104994, 11.024334, 10.923008, 10.903689 ] }, { "date": "2023-10-06", "close": 11.104053, "volume": 1589, "typical_volume": 24413.05, "trend": 10.897127, "fair_value": 10.818096, "relative_strength": -3.887379, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.518862, "energy": 80.704156, "activity_lines": [ 11.114634, 11.052306, 10.942655, 10.917394 ] }, { "date": "2023-10-13", "close": 11.250415, "volume": 10209, "typical_volume": 24448.3, "trend": 10.905022, "fair_value": 10.82253, "relative_strength": -3.398375, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.223554, "energy": 90.610112, "activity_lines": [ 11.163303, 11.100591, 10.975472, 10.940186 ] }, { "date": "2023-10-20", "close": 11.08113, "volume": 9860, "typical_volume": 24654.95, "trend": 10.907043, "fair_value": 10.826623, "relative_strength": -1.215656, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.137475, "energy": 62.803478, "activity_lines": [ 11.143201, 11.109055, 10.990999, 10.951548 ] }, { "date": "2023-10-27", "close": 11.126978, "volume": 14768, "typical_volume": 24887.7, "trend": 10.915896, "fair_value": 10.830001, "relative_strength": -0.093018, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.191028, "energy": 52.679622, "activity_lines": [ 11.139087, 11.120662, 11.011023, 10.965737 ] }, { "date": "2023-11-03", "close": 11.158718, "volume": 5555, "typical_volume": 24877.4, "trend": 10.92402, "fair_value": 10.83474, "relative_strength": -4.201288, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.216147, "energy": 52.209141, "activity_lines": [ 11.143318, 11.133294, 11.033307, 10.981403 ] }, { "date": "2023-11-10", "close": 11.135796, "volume": 21754, "typical_volume": 24811.9, "trend": 10.936971, "fair_value": 10.838971, "relative_strength": -3.527137, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.124998, "energy": 42.338797, "activity_lines": [ 11.140497, 11.138039, 11.051713, 10.995066 ] }, { "date": "2023-11-17", "close": 11.000013, "volume": 30212, "typical_volume": 25356.1, "trend": 10.944128, "fair_value": 10.842384, "relative_strength": -7.573503, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.036834, "energy": 28.985323, "activity_lines": [ 11.090299, 11.114858, 11.055839, 10.999134 ] }, { "date": "2023-11-24", "close": 10.968272, "volume": 111672, "typical_volume": 27957.95, "trend": 10.951091, "fair_value": 10.845998, "relative_strength": -7.29466, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.015395, "energy": 19.620901, "activity_lines": [ 11.046214, 11.087093, 11.056109, 11.000691 ] }, { "date": "2023-12-01", "close": 11.146376, "volume": 21859, "typical_volume": 28477.45, "trend": 10.962839, "fair_value": 10.851782, "relative_strength": -6.990375, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.311387, "energy": 25.182014, "activity_lines": [ 11.069021, 11.093954, 11.072338, 11.01329 ] }, { "date": "2023-12-08", "close": 11.255705, "volume": 27457, "typical_volume": 27871.4, "trend": 10.972755, "fair_value": 10.85813, "relative_strength": -7.175483, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.543475, "energy": 36.412213, "activity_lines": [ 11.126978, 11.119732, 11.096182, 11.032185 ] }, { "date": "2023-12-15", "close": 11.234544, "volume": 26759, "typical_volume": 27532.5, "trend": 10.982484, "fair_value": 10.864819, "relative_strength": -6.836863, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 68.994051, "energy": 51.547731, "activity_lines": [ 11.171415, 11.140059, 11.115045, 11.049075 ] }, { "date": "2023-12-22", "close": 11.156957, "volume": 14299, "typical_volume": 27733.1, "trend": 10.987552, "fair_value": 10.870841, "relative_strength": -7.00682, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.986947, "energy": 58.332558, "activity_lines": [ 11.183407, 11.143907, 11.124249, 11.060331 ] }, { "date": "2023-12-29", "close": 11.130505, "volume": 10773, "typical_volume": 27877.3, "trend": 10.988279, "fair_value": 10.877044, "relative_strength": -6.807584, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.107384, "energy": 53.300235, "activity_lines": [ 11.176118, 11.144644, 11.12901, 11.069554 ] }, { "date": "2024-01-05", "close": 11.179879, "volume": 2574, "typical_volume": 26088.75, "trend": 10.99538, "fair_value": 10.883489, "relative_strength": -6.349329, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.526281, "energy": 37.570816, "activity_lines": [ 11.174472, 11.153461, 11.136878, 11.081915 ] }, { "date": "2024-01-12", "close": 11.227491, "volume": 117744, "typical_volume": 31743.3, "trend": 11.009543, "fair_value": 10.889358, "relative_strength": -5.803686, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.328631, "energy": 37.439583, "activity_lines": [ 11.186463, 11.169973, 11.147786, 11.09689 ] }, { "date": "2024-01-19", "close": 11.278629, "volume": 36573, "typical_volume": 33528.7, "trend": 11.023739, "fair_value": 10.896023, "relative_strength": -4.565239, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.163939, "energy": 45.33987, "activity_lines": [ 11.217381, 11.194532, 11.162262, 11.11425 ] }, { "date": "2024-01-26", "close": 11.336821, "volume": 7693, "typical_volume": 32599.0, "trend": 11.040797, "fair_value": 10.902837, "relative_strength": -4.199412, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.064163, "energy": 68.242147, "activity_lines": [ 11.264757, 11.227074, 11.180753, 11.134449 ] }, { "date": "2024-02-02", "close": 11.399264, "volume": 64795, "typical_volume": 35249.0, "trend": 11.062184, "fair_value": 10.90932, "relative_strength": -4.578741, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.779335, "energy": 82.355233, "activity_lines": [ 11.320957, 11.264846, 11.203897, 11.157576 ] }, { "date": "2024-02-09", "close": 11.406491, "volume": 25234, "typical_volume": 33612.35, "trend": 11.090441, "fair_value": 10.91632, "relative_strength": -5.694967, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.399031, "energy": 83.692091, "activity_lines": [ 11.361648, 11.296096, 11.226265, 11.179789 ] }, { "date": "2024-02-16", "close": 11.420942, "volume": 5404, "typical_volume": 28339.15, "trend": 11.116702, "fair_value": 10.923285, "relative_strength": -7.128375, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.79917, "energy": 84.672061, "activity_lines": [ 11.392049, 11.325244, 11.248519, 11.201112 ] }, { "date": "2024-02-23", "close": 11.361327, "volume": 83234, "typical_volume": 32421.4, "trend": 11.136825, "fair_value": 10.930435, "relative_strength": -10.077952, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.5163, "energy": 72.097271, "activity_lines": [ 11.389682, 11.340548, 11.263888, 11.216894 ] }, { "date": "2024-03-01", "close": 11.37036, "volume": 29193, "typical_volume": 33370.6, "trend": 11.157399, "fair_value": 10.936776, "relative_strength": -10.429887, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.957451, "energy": 54.448157, "activity_lines": [ 11.384812, 11.35519, 11.278892, 11.231961 ] }, { "date": "2024-03-08", "close": 11.305324, "volume": 19562, "typical_volume": 33855.7, "trend": 11.174394, "fair_value": 10.942935, "relative_strength": -11.920501, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.020707, "energy": 43.86337, "activity_lines": [ 11.356028, 11.354127, 11.287132, 11.241505 ] }, { "date": "2024-03-15", "close": 11.316163, "volume": 5223, "typical_volume": 33378.45, "trend": 11.1894, "fair_value": 10.948896, "relative_strength": -12.798192, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.981106, "energy": 30.214432, "activity_lines": [ 11.337119, 11.351856, 11.295336, 11.250651 ] }, { "date": "2024-03-22", "close": 11.451653, "volume": 15039, "typical_volume": 33852.65, "trend": 11.205983, "fair_value": 10.955094, "relative_strength": -12.385915, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.518862, "energy": 40.109046, "activity_lines": [ 11.369396, 11.371742, 11.315543, 11.267571 ] }, { "date": "2024-03-29", "close": 11.476946, "volume": 7424, "typical_volume": 33136.15, "trend": 11.223291, "fair_value": 10.961121, "relative_strength": -12.90888, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.300262, "energy": 49.274983, "activity_lines": [ 11.408056, 11.392151, 11.336764, 11.285052 ] }, { "date": "2024-04-05", "close": 11.41191, "volume": 27377, "typical_volume": 32994.4, "trend": 11.234846, "fair_value": 10.967386, "relative_strength": -11.225712, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.363667, "energy": 48.179215, "activity_lines": [ 11.41733, 11.397129, 11.350167, 11.297221 ] }, { "date": "2024-04-12", "close": 11.556433, "volume": 67035, "typical_volume": 30762.55, "trend": 11.250337, "fair_value": 10.974972, "relative_strength": -9.243754, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.181452, "energy": 72.393971, "activity_lines": [ 11.472007, 11.427019, 11.375372, 11.317969 ] }, { "date": "2024-04-19", "close": 11.507657, "volume": 79370, "typical_volume": 33638.1, "trend": 11.264143, "fair_value": 10.982686, "relative_strength": -9.820225, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.88592, "energy": 70.633282, "activity_lines": [ 11.493686, 11.445183, 11.393131, 11.33457 ] }, { "date": "2024-04-26", "close": 11.498624, "volume": 13334, "typical_volume": 32931.95, "trend": 11.275179, "fair_value": 10.990127, "relative_strength": -10.471861, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.554515, "energy": 57.314034, "activity_lines": [ 11.499588, 11.459865, 11.408309, 11.349698 ] }, { "date": "2024-05-03", "close": 11.487785, "volume": 25978, "typical_volume": 32892.9, "trend": 11.28797, "fair_value": 10.997938, "relative_strength": -8.655962, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.012854, "energy": 53.362073, "activity_lines": [ 11.498745, 11.471165, 11.421299, 11.363414 ] }, { "date": "2024-05-10", "close": 11.498624, "volume": 14707, "typical_volume": 32913.3, "trend": 11.296244, "fair_value": 11.005818, "relative_strength": -10.966219, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.772037, "energy": 45.036557, "activity_lines": [ 11.500792, 11.482135, 11.434115, 11.377005 ] }, { "date": "2024-05-17", "close": 11.419137, "volume": 12945, "typical_volume": 33021.9, "trend": 11.307511, "fair_value": 11.013456, "relative_strength": -13.098492, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.948293, "energy": 31.175288, "activity_lines": [ 11.470563, 11.476322, 11.437733, 11.384933 ] }, { "date": "2024-05-24", "close": 11.417331, "volume": 7828, "typical_volume": 33284.6, "trend": 11.317189, "fair_value": 11.020965, "relative_strength": -10.449326, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.89317, "energy": 22.533872, "activity_lines": [ 11.448885, 11.46811, 11.439806, 11.392019 ] }, { "date": "2024-05-31", "close": 11.444427, "volume": 12174, "typical_volume": 28006.1, "trend": 11.326713, "fair_value": 11.028627, "relative_strength": -9.870858, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.455198, "energy": 17.811743, "activity_lines": [ 11.44226, 11.462986, 11.443328, 11.400227 ] }, { "date": "2024-06-07", "close": 11.50585, "volume": 7906, "typical_volume": 26572.75, "trend": 11.339048, "fair_value": 11.036125, "relative_strength": -9.486876, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.769057, "energy": 21.014005, "activity_lines": [ 11.459723, 11.469161, 11.451666, 11.411785 ] }, { "date": "2024-06-14", "close": 11.682891, "volume": 86726, "typical_volume": 30524.4, "trend": 11.361811, "fair_value": 11.043666, "relative_strength": -2.327087, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 78.865116, "energy": 50.43271, "activity_lines": [ 11.534996, 11.507, 11.475784, 11.433968 ] }, { "date": "2024-06-21", "close": 11.68831, "volume": 15002, "typical_volume": 28034.75, "trend": 11.385812, "fair_value": 11.05182, "relative_strength": -3.929172, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.262964, "energy": 79.186483, "activity_lines": [ 11.59979, 11.540897, 11.49877, 11.455033 ] }, { "date": "2024-06-28", "close": 11.666633, "volume": 36226, "typical_volume": 28584.35, "trend": 11.403154, "fair_value": 11.059138, "relative_strength": -3.49871, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.357178, "energy": 82.123376, "activity_lines": [ 11.639414, 11.568455, 11.518315, 11.47315 ] }, { "date": "2024-07-05", "close": 11.603403, "volume": 61194, "typical_volume": 31373.85, "trend": 11.414744, "fair_value": 11.066041, "relative_strength": -6.149788, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.714634, "energy": 79.754753, "activity_lines": [ 11.641341, 11.581626, 11.5306, 11.486069 ] }, { "date": "2024-07-12", "close": 11.565466, "volume": 11029, "typical_volume": 27763.6, "trend": 11.425774, "fair_value": 11.072486, "relative_strength": -7.89551, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.216527, "energy": 72.297193, "activity_lines": [ 11.620023, 11.585995, 11.538402, 11.495793 ] }, { "date": "2024-07-19", "close": 11.579918, "volume": 43114, "typical_volume": 28459.65, "trend": 11.439873, "fair_value": 11.078649, "relative_strength": -6.648015, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.512215, "energy": 43.375574, "activity_lines": [ 11.599549, 11.591579, 11.546609, 11.505738 ] }, { "date": "2024-07-26", "close": 11.637728, "volume": 28325, "typical_volume": 28897.8, "trend": 11.456781, "fair_value": 11.085494, "relative_strength": -4.957768, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.920196, "energy": 38.055439, "activity_lines": [ 11.60521, 11.606195, 11.559324, 11.518503 ] }, { "date": "2024-08-02", "close": 11.70234, "volume": 17875, "typical_volume": 29530.4, "trend": 11.474196, "fair_value": 11.092821, "relative_strength": 0.97893, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.863135, "energy": 48.981781, "activity_lines": [ 11.63578, 11.628585, 11.576609, 11.534345 ] }, { "date": "2024-08-09", "close": 11.657922, "volume": 177839, "typical_volume": 37670.4, "trend": 11.488544, "fair_value": 11.099787, "relative_strength": 1.426597, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.226272, "energy": 46.998518, "activity_lines": [ 11.649164, 11.637717, 11.587825, 11.546199 ] }, { "date": "2024-08-16", "close": 11.6061, "volume": 14469, "typical_volume": 38022.65, "trend": 11.499459, "fair_value": 11.105721, "relative_strength": -2.664133, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.458695, "energy": 43.631832, "activity_lines": [ 11.641639, 11.633545, 11.593124, 11.553783 ] }, { "date": "2024-08-23", "close": 11.469145, "volume": 15771, "typical_volume": 37442.35, "trend": 11.50387, "fair_value": 11.111391, "relative_strength": -5.313859, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 16.977476, "energy": 14.125113, "activity_lines": [ 11.585753, 11.602649, 11.584764, 11.551827 ] }, { "date": "2024-08-30", "close": 11.611653, "volume": 67141, "typical_volume": 37447.65, "trend": 11.51095, "fair_value": 11.11833, "relative_strength": -5.929305, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.602305, "energy": 19.721151, "activity_lines": [ 11.584755, 11.601551, 11.589703, 11.558781 ] }, { "date": "2024-09-06", "close": 11.641265, "volume": 128903, "typical_volume": 39924.3, "trend": 11.518776, "fair_value": 11.125201, "relative_strength": -2.403402, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.168213, "energy": 22.551815, "activity_lines": [ 11.595366, 11.607229, 11.5972, 11.567188 ] }, { "date": "2024-09-13", "close": 11.683833, "volume": 32930, "typical_volume": 40904.1, "trend": 11.527539, "fair_value": 11.131837, "relative_strength": -2.667816, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.681298, "energy": 27.213855, "activity_lines": [ 11.624238, 11.621109, 11.608115, 11.577837 ] }, { "date": "2024-09-20", "close": 11.633862, "volume": 22417, "typical_volume": 40726.05, "trend": 11.536623, "fair_value": 11.137992, "relative_strength": -3.414398, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.096211, "energy": 34.436151, "activity_lines": [ 11.634726, 11.624441, 11.613389, 11.584697 ] }, { "date": "2024-09-27", "close": 11.63016, "volume": 25322, "typical_volume": 41256.8, "trend": 11.545283, "fair_value": 11.143584, "relative_strength": -5.821053, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.892082, "energy": 39.453497, "activity_lines": [ 11.642129, 11.625856, 11.617614, 11.590732 ] }, { "date": "2024-10-04", "close": 11.776371, "volume": 4694, "typical_volume": 40844.25, "trend": 11.560985, "fair_value": 11.150123, "relative_strength": -1.160418, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.294448, "energy": 62.553576, "activity_lines": [ 11.687534, 11.652942, 11.635138, 11.60564 ] }, { "date": "2024-10-11", "close": 11.77822, "volume": 61027, "typical_volume": 43504.2, "trend": 11.576387, "fair_value": 11.156923, "relative_strength": -2.91205, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.560904, "energy": 66.112518, "activity_lines": [ 11.722575, 11.677843, 11.651137, 11.619656 ] }, { "date": "2024-10-18", "close": 11.885565, "volume": 69160, "typical_volume": 46353.5, "trend": 11.59085, "fair_value": 11.164853, "relative_strength": -4.169312, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.732718, "energy": 78.854277, "activity_lines": [ 11.784267, 11.720881, 11.675641, 11.639603 ] }, { "date": "2024-10-25", "close": 11.887416, "volume": 22425, "typical_volume": 47079.45, "trend": 11.604533, "fair_value": 11.172287, "relative_strength": -2.624254, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.070612, "energy": 82.550796, "activity_lines": [ 11.833127, 11.760117, 11.698221, 11.658736 ] }, { "date": "2024-11-01", "close": 11.811534, "volume": 38169, "typical_volume": 44651.6, "trend": 11.617853, "fair_value": 11.178934, "relative_strength": -2.70822, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.981919, "energy": 76.048375, "activity_lines": [ 11.839789, 11.780442, 11.711756, 11.672091 ] }, { "date": "2024-11-08", "close": 11.998461, "volume": 84262, "typical_volume": 48114.6, "trend": 11.632588, "fair_value": 11.186541, "relative_strength": 1.542023, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.196361, "energy": 84.087123, "activity_lines": [ 11.896669, 11.828528, 11.742482, 11.696646 ] }, { "date": "2024-11-15", "close": 12.150224, "volume": 13746, "typical_volume": 46990.6, "trend": 11.654007, "fair_value": 11.194302, "relative_strength": 1.796984, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.97302, "energy": 89.907548, "activity_lines": [ 11.989331, 11.897174, 11.786184, 11.730042 ] }, { "date": "2024-11-22", "close": 12.342703, "volume": 29361, "typical_volume": 45398.95, "trend": 11.682143, "fair_value": 11.203491, "relative_strength": 5.585731, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.994774, "energy": 95.942142, "activity_lines": [ 12.121352, 11.991563, 11.845915, 11.774474 ] }, { "date": "2024-11-29", "close": 12.231657, "volume": 71230, "typical_volume": 48409.0, "trend": 11.706938, "fair_value": 11.211774, "relative_strength": 4.923225, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.264541, "energy": 90.769908, "activity_lines": [ 12.185882, 12.053782, 11.891549, 11.809927 ] }, { "date": "2024-12-06", "close": 12.246462, "volume": 23810, "typical_volume": 47443.8, "trend": 11.731866, "fair_value": 11.220291, "relative_strength": 1.113626, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.590995, "energy": 88.52864, "activity_lines": [ 12.232397, 12.107824, 11.935422, 11.844735 ] }, { "date": "2024-12-13", "close": 12.303836, "volume": 156136, "typical_volume": 53834.35, "trend": 11.761356, "fair_value": 11.228854, "relative_strength": 1.27882, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.110449, "energy": 87.798305, "activity_lines": [ 12.269042, 12.161092, 11.981584, 11.881636 ] }, { "date": "2024-12-20", "close": 12.344554, "volume": 203678, "typical_volume": 63124.5, "trend": 11.792264, "fair_value": 11.237892, "relative_strength": 5.004994, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.912413, "energy": 69.106, "activity_lines": [ 12.298901, 12.212173, 12.028452, 11.919262 ] }, { "date": "2024-12-27", "close": 12.339, "volume": 6307, "typical_volume": 54547.9, "trend": 11.822083, "fair_value": 11.246906, "relative_strength": 3.775734, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.506969, "energy": 67.337957, "activity_lines": [ 12.313954, 12.251948, 12.071734, 11.954535 ] }, { "date": "2025-01-03", "close": 12.520374, "volume": 10465, "typical_volume": 54347.7, "trend": 11.8559, "fair_value": 11.257622, "relative_strength": 5.405302, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.116661, "energy": 72.998589, "activity_lines": [ 12.389711, 12.316455, 12.129045, 11.999586 ] }, { "date": "2025-01-10", "close": 12.544435, "volume": 93187, "typical_volume": 58218.5, "trend": 11.884618, "fair_value": 11.269085, "relative_strength": 2.774905, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.284052, "energy": 70.804909, "activity_lines": [ 12.454241, 12.373828, 12.184295, 12.044008 ] }, { "date": "2025-01-17", "close": 12.531479, "volume": 30040, "typical_volume": 56363.45, "trend": 11.912724, "fair_value": 11.280196, "relative_strength": -0.517994, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.241514, "energy": 70.552662, "activity_lines": [ 12.494587, 12.415521, 12.23319, 12.08574 ] }, { "date": "2025-01-24", "close": 12.289029, "volume": 185113, "typical_volume": 59173.95, "trend": 11.933471, "fair_value": 11.288997, "relative_strength": -2.079361, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.566585, "energy": 60.100011, "activity_lines": [ 12.438941, 12.40344, 12.254615, 12.110018 ] }, { "date": "2025-01-31", "close": 12.481508, "volume": 29044, "typical_volume": 58979.65, "trend": 11.962741, "fair_value": 11.300994, "relative_strength": -1.126287, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.761149, "energy": 55.734611, "activity_lines": [ 12.451156, 12.423832, 12.291286, 12.145375 ] }, { "date": "2025-02-07", "close": 12.536032, "volume": 121762, "typical_volume": 63946.9, "trend": 11.995093, "fair_value": 11.313471, "relative_strength": -2.108165, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.842509, "energy": 53.671539, "activity_lines": [ 12.472045, 12.451614, 12.329352, 12.182362 ] }, { "date": "2025-02-14", "close": 12.373796, "volume": 158016, "typical_volume": 70581.6, "trend": 12.021555, "fair_value": 11.324462, "relative_strength": -5.541563, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.164148, "energy": 37.393894, "activity_lines": [ 12.437811, 12.444364, 12.34767, 12.206794 ] }, { "date": "2025-02-21", "close": 12.452051, "volume": 157399, "typical_volume": 78216.85, "trend": 12.0487, "fair_value": 11.335684, "relative_strength": -5.917788, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.692912, "energy": 40.56508, "activity_lines": [ 12.441039, 12.449027, 12.369901, 12.234568 ] }, { "date": "2025-02-28", "close": 12.583749, "volume": 112523, "typical_volume": 80791.65, "trend": 12.07808, "fair_value": 11.345353, "relative_strength": -5.394211, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.210815, "energy": 49.760202, "activity_lines": [ 12.493461, 12.47494, 12.401456, 12.269088 ] }, { "date": "2025-03-07", "close": 12.072229, "volume": 118021, "typical_volume": 83234.7, "trend": 12.09189, "fair_value": 11.352882, "relative_strength": -8.963643, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 15.5365, "energy": 12.353535, "activity_lines": [ 12.355728, 12.403501, 12.380459, 12.26871 ] }, { "date": "2025-03-14", "close": 12.013062, "volume": 584678, "typical_volume": 111347.35, "trend": 12.105455, "fair_value": 11.360736, "relative_strength": -9.440371, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.078744, "energy": 18.450923, "activity_lines": [ 12.225558, 12.326154, 12.352939, 12.263625 ] }, { "date": "2025-03-21", "close": 12.131397, "volume": 20698, "typical_volume": 110473.8, "trend": 12.127531, "fair_value": 11.369512, "relative_strength": -9.325733, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.11753, "energy": 22.103064, "activity_lines": [ 12.169698, 12.279547, 12.33609, 12.265298 ] }, { "date": "2025-03-28", "close": 12.125672, "volume": 9355, "typical_volume": 106728.45, "trend": 12.144665, "fair_value": 11.378328, "relative_strength": -8.585137, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.513229, "energy": 34.656823, "activity_lines": [ 12.128089, 12.239408, 12.317173, 12.265178 ] }, { "date": "2025-04-04", "close": 12.020696, "volume": 6383, "typical_volume": 106360.3, "trend": 12.157312, "fair_value": 11.385884, "relative_strength": 1.255946, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.626101, "energy": 52.72712, "activity_lines": [ 12.073247, 12.187562, 12.287653, 12.25718 ] }, { "date": "2025-04-11", "close": 11.690499, "volume": 43975, "typical_volume": 107091.0, "trend": 12.157534, "fair_value": 11.390879, "relative_strength": 0.264442, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.533314, "energy": 68.292366, "activity_lines": [ 11.945877, 12.080558, 12.227301, 12.227063 ] }, { "date": "2025-04-18", "close": 11.535898, "volume": 11939, "typical_volume": 104126.45, "trend": 12.154269, "fair_value": 11.395512, "relative_strength": -6.331271, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -63.143955, "energy": 79.708393, "activity_lines": [ 11.792421, 11.959827, 12.155332, 12.186958 ] }, { "date": "2025-04-25", "close": 11.593158, "volume": 24990, "typical_volume": 104185.45, "trend": 12.153036, "fair_value": 11.398777, "relative_strength": -9.185132, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.360627, "energy": 90.074757, "activity_lines": [ 11.689863, 11.867691, 12.092129, 12.150757 ] }, { "date": "2025-05-02", "close": 11.629421, "volume": 4948, "typical_volume": 96626.05, "trend": 12.148137, "fair_value": 11.40261, "relative_strength": -11.039232, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.896597, "energy": 88.166522, "activity_lines": [ 11.635275, 11.796342, 12.035491, 12.116975 ] }, { "date": "2025-05-09", "close": 11.709586, "volume": 11858, "typical_volume": 87035.05, "trend": 12.145849, "fair_value": 11.405634, "relative_strength": -12.627473, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.359761, "energy": 85.714197, "activity_lines": [ 11.640492, 11.754526, 11.989699, 12.088682 ] }, { "date": "2025-05-16", "close": 11.845099, "volume": 13765, "typical_volume": 87407.95, "trend": 12.144501, "fair_value": 11.410448, "relative_strength": -14.260723, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.644633, "energy": 58.95694, "activity_lines": [ 11.711621, 11.753241, 11.959837, 12.069279 ] }, { "date": "2025-05-23", "close": 11.650417, "volume": 12116, "typical_volume": 87490.5, "trend": 12.136601, "fair_value": 11.414654, "relative_strength": -12.97018, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.081802, "energy": 52.63243, "activity_lines": [ 11.707549, 11.72069, 11.913785, 12.037402 ] }, { "date": "2025-05-30", "close": 11.654235, "volume": 4053, "typical_volume": 83033.8, "trend": 12.131357, "fair_value": 11.419146, "relative_strength": -14.070602, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.68851, "energy": 44.71912, "activity_lines": [ 11.697116, 11.695427, 11.87224, 12.006282 ] }, { "date": "2025-06-06", "close": 11.623696, "volume": 7285, "typical_volume": 81896.05, "trend": 12.118865, "fair_value": 11.423517, "relative_strength": -15.162578, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.331691, "energy": 53.912894, "activity_lines": [ 11.67243, 11.673286, 11.832025, 11.973529 ] }, { "date": "2025-06-13", "close": 11.474821, "volume": 15109, "typical_volume": 73395.85, "trend": 12.096352, "fair_value": 11.426587, "relative_strength": -13.450454, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.254262, "energy": 71.751795, "activity_lines": [ 11.598502, 11.633205, 11.781955, 11.931978 ] }, { "date": "2025-06-20", "close": 11.53399, "volume": 4131, "typical_volume": 72150.2, "trend": 12.069395, "fair_value": 11.430232, "relative_strength": -12.257301, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.560996, "energy": 78.16539, "activity_lines": [ 11.559947, 11.613806, 11.741396, 11.895697 ] }, { "date": "2025-06-27", "close": 11.409927, "volume": 20940, "typical_volume": 67109.1, "trend": 12.042004, "fair_value": 11.431573, "relative_strength": -13.997332, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.731594, "energy": 83.776388, "activity_lines": [ 11.500779, 11.574696, 11.693535, 11.853151 ] }, { "date": "2025-07-04", "close": 11.356484, "volume": 3099, "typical_volume": 59363.25, "trend": 12.012338, "fair_value": 11.431031, "relative_strength": -13.869124, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.093998, "energy": 85.214123, "activity_lines": [ 11.439829, 11.528159, 11.645945, 11.808923 ] }, { "date": "2025-07-11", "close": 11.419471, "volume": 9324, "typical_volume": 51959.5, "trend": 11.982859, "fair_value": 11.430307, "relative_strength": -14.131123, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.290448, "energy": 81.392177, "activity_lines": [ 11.419725, 11.497378, 11.609199, 11.770674 ] }, { "date": "2025-07-18", "close": 11.541624, "volume": 21946, "typical_volume": 47430.65, "trend": 11.956095, "fair_value": 11.430909, "relative_strength": -13.454906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.245268, "energy": 68.320918, "activity_lines": [ 11.453953, 11.492624, 11.589004, 11.742207 ] }, { "date": "2025-07-25", "close": 11.438557, "volume": 5334, "typical_volume": 41796.3, "trend": 11.92608, "fair_value": 11.430134, "relative_strength": -14.785999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.251686, "energy": 60.930988, "activity_lines": [ 11.449373, 11.472184, 11.563955, 11.708818 ] }, { "date": "2025-08-01", "close": 11.667455, "volume": 8455, "typical_volume": 12985.15, "trend": 11.897649, "fair_value": 11.430912, "relative_strength": -10.995847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.401217, "energy": 34.793801, "activity_lines": [ 11.527453, 11.500753, 11.563724, 11.692132 ] }, { "date": "2025-08-08", "close": 11.544291, "volume": 5953, "typical_volume": 12247.9, "trend": 11.864311, "fair_value": 11.431382, "relative_strength": -15.046574, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.420393, "energy": 25.095695, "activity_lines": [ 11.547311, 11.50662, 11.553408, 11.669335 ] }, { "date": "2025-08-15", "close": 11.550155, "volume": 434655, "typical_volume": 33512.9, "trend": 11.8316, "fair_value": 11.430654, "relative_strength": -16.660833, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.086383, "energy": 21.855698, "activity_lines": [ 11.556603, 11.515551, 11.546447, 11.649067 ] }, { "date": "2025-08-22", "close": 11.55211, "volume": 7557, "typical_volume": 33571.6, "trend": 11.807036, "fair_value": 11.429709, "relative_strength": -17.547611, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.445738, "energy": 22.180209, "activity_lines": [ 11.557834, 11.526175, 11.542412, 11.631035 ] }, { "date": "2025-08-29", "close": 11.63422, "volume": 4199, "typical_volume": 31582.8, "trend": 11.778793, "fair_value": 11.429947, "relative_strength": -14.453512, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.997977, "energy": 11.947311, "activity_lines": [ 11.585736, 11.550323, 11.548429, 11.619886 ] }, { "date": "2025-09-05", "close": 11.612715, "volume": 4499, "typical_volume": 31210.8, "trend": 11.748016, "fair_value": 11.430276, "relative_strength": -13.0387, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.376248, "energy": 11.112018, "activity_lines": [ 11.593426, 11.568739, 11.552665, 11.609171 ] }, { "date": "2025-09-12", "close": 11.622491, "volume": 56347, "typical_volume": 32778.65, "trend": 11.722973, "fair_value": 11.431302, "relative_strength": -14.540166, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.220942, "energy": 10.861183, "activity_lines": [ 11.608023, 11.585245, 11.557467, 11.601073 ] }, { "date": "2025-09-19", "close": 11.604895, "volume": 15528, "typical_volume": 33307.65, "trend": 11.694734, "fair_value": 11.430564, "relative_strength": -13.792458, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.381436, "energy": 12.357225, "activity_lines": [ 11.611542, 11.593715, 11.560454, 11.593455 ] }, { "date": "2025-09-26", "close": 11.604895, "volume": 4128, "typical_volume": 32921.15, "trend": 11.662106, "fair_value": 11.430701, "relative_strength": -14.141811, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.613952, "energy": 10.205956, "activity_lines": [ 11.611412, 11.598814, 11.563557, 11.587659 ] }, { "date": "2025-10-03", "close": 11.620535, "volume": 2760, "typical_volume": 32370.9, "trend": 11.647049, "fair_value": 11.430687, "relative_strength": -14.81905, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.414717, "energy": 8.315266, "activity_lines": [ 11.612976, 11.605606, 11.568648, 11.584977 ] }, { "date": "2025-10-10", "close": 11.74761, "volume": 57906, "typical_volume": 34660.4, "trend": 11.638201, "fair_value": 11.431793, "relative_strength": -11.062867, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.954465, "energy": 32.046263, "activity_lines": [ 11.65781, 11.632194, 11.586911, 11.591465 ] }, { "date": "2025-10-17", "close": 11.741745, "volume": 62508, "typical_volume": 37583.15, "trend": 11.625212, "fair_value": 11.43378, "relative_strength": -10.179621, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.169514, "energy": 45.87399, "activity_lines": [ 11.691697, 11.656258, 11.604152, 11.598145 ] }, { "date": "2025-10-24", "close": 11.800395, "volume": 7095, "typical_volume": 37573.65, "trend": 11.61437, "fair_value": 11.436373, "relative_strength": -10.929164, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.490962, "energy": 61.539971, "activity_lines": [ 11.737183, 11.687396, 11.626563, 11.609447 ] }, { "date": "2025-10-31", "close": 11.851225, "volume": 27577, "typical_volume": 38197.05, "trend": 11.608721, "fair_value": 11.439172, "relative_strength": -11.61046, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.120011, "energy": 85.169928, "activity_lines": [ 11.78658, 11.723226, 11.652973, 11.624728 ] }, { "date": "2025-11-07", "close": 11.8219, "volume": 16393, "typical_volume": 38810.15, "trend": 11.613101, "fair_value": 11.443499, "relative_strength": -10.863182, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.034107, "energy": 83.602435, "activity_lines": [ 11.809779, 11.748285, 11.674798, 11.638481 ] }, { "date": "2025-11-14", "close": 11.776936, "volume": 46422, "typical_volume": 40084.25, "trend": 11.621135, "fair_value": 11.447713, "relative_strength": -12.900818, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.699025, "energy": 78.635046, "activity_lines": [ 11.804566, 11.761757, 11.690969, 11.649051 ] }, { "date": "2025-11-21", "close": 11.919651, "volume": 9290, "typical_volume": 40393.8, "trend": 11.632018, "fair_value": 11.452918, "relative_strength": -8.581232, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.686737, "energy": 84.375792, "activity_lines": [ 11.84497, 11.798192, 11.718985, 11.668311 ] }, { "date": "2025-11-28", "close": 11.84927, "volume": 4463, "typical_volume": 40150.75, "trend": 11.639347, "fair_value": 11.457311, "relative_strength": -10.052805, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.906295, "energy": 66.42601, "activity_lines": [ 11.850052, 11.816426, 11.737616, 11.682327 ] }, { "date": "2025-12-05", "close": 11.782801, "volume": 42671, "typical_volume": 41187.0, "trend": 11.641787, "fair_value": 11.462207, "relative_strength": -10.253037, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.647163, "energy": 51.76363, "activity_lines": [ 11.829721, 11.818133, 11.74787, 11.691582 ] }, { "date": "2025-12-12", "close": 11.698735, "volume": 17864, "typical_volume": 41813.5, "trend": 11.636908, "fair_value": 11.466784, "relative_strength": -10.58247, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.562621, "energy": 36.869202, "activity_lines": [ 11.785928, 11.80132, 11.748969, 11.695256 ] }, { "date": "2025-12-19", "close": 11.730015, "volume": 14554, "typical_volume": 42118.45, "trend": 11.639562, "fair_value": 11.471801, "relative_strength": -12.254345, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.917453, "energy": 24.157197, "activity_lines": [ 11.760774, 11.788772, 11.751809, 11.701263 ] }, { "date": "2025-12-26", "close": 11.683095, "volume": 4126, "typical_volume": 42027.1, "trend": 11.640524, "fair_value": 11.476999, "relative_strength": -11.745282, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.575478, "energy": 24.612994, "activity_lines": [ 11.723107, 11.768013, 11.749882, 11.704071 ] }, { "date": "2026-01-02", "close": 11.739791, "volume": 7863, "typical_volume": 20687.5, "trend": 11.644393, "fair_value": 11.48174, "relative_strength": -12.200884, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.758482, "energy": 23.776642, "activity_lines": [ 11.72011, 11.75863, 11.752693, 11.710476 ] }, { "date": "2026-01-09", "close": 11.855136, "volume": 23135, "typical_volume": 21466.4, "trend": 11.657071, "fair_value": 11.48827, "relative_strength": -11.439838, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.75226, "energy": 23.230044, "activity_lines": [ 11.76286, 11.771319, 11.765587, 11.724072 ] }, { "date": "2026-01-16", "close": 11.882505, "volume": 2925, "typical_volume": 21402.7, "trend": 11.668688, "fair_value": 11.494976, "relative_strength": -10.888562, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.238253, "energy": 40.377393, "activity_lines": [ 11.80991, 11.788914, 11.779644, 11.738616 ] }, { "date": "2026-01-23", "close": 11.724151, "volume": 11116, "typical_volume": 21733.55, "trend": 11.679162, "fair_value": 11.500666, "relative_strength": -9.712802, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.185824, "energy": 27.009482, "activity_lines": [ 11.791924, 11.776616, 11.777438, 11.742194 ] }, { "date": "2026-01-30", "close": 11.63813, "volume": 13172, "typical_volume": 19574.8, "trend": 11.68855, "fair_value": 11.505435, "relative_strength": -11.233099, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -2.44328, "energy": 7.703988, "activity_lines": [ 11.745655, 11.749637, 11.766509, 11.739547 ] }, { "date": "2026-02-06", "close": 11.718286, "volume": 14088, "typical_volume": 19502.8, "trend": 11.698511, "fair_value": 11.510351, "relative_strength": -10.810029, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.556362, "energy": 9.769953, "activity_lines": [ 11.729103, 11.74235, 11.763139, 11.741466 ] }, { "date": "2026-02-13", "close": 11.704, "volume": 2718, "typical_volume": 19432.3, "trend": 11.703923, "fair_value": 11.515121, "relative_strength": -9.630428, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.400093, "energy": 15.571129, "activity_lines": [ 11.709223, 11.734847, 11.757868, 11.74182 ] }, { "date": "2026-02-20", "close": 11.794, "volume": 18746, "typical_volume": 20231.6, "trend": 11.715771, "fair_value": 11.520046, "relative_strength": -10.553061, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.319398, "energy": 14.551309, "activity_lines": [ 11.729418, 11.745141, 11.760697, 11.747631 ] }, { "date": "2026-02-27", "close": 11.778, "volume": 9031, "typical_volume": 17787.85, "trend": 11.719456, "fair_value": 11.525434, "relative_strength": -11.613219, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.241054, "energy": 7.999536, "activity_lines": [ 11.75018, 11.750793, 11.761176, 11.751646 ] }, { "date": "2026-03-06", "close": 11.984, "volume": 26652, "typical_volume": 15995.05, "trend": 11.734113, "fair_value": 11.532131, "relative_strength": -3.566619, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.640458, "energy": 47.717319, "activity_lines": [ 11.836019, 11.793028, 11.78113, 11.768713 ] }, { "date": "2026-03-13", "close": 12.024, "volume": 985, "typical_volume": 15689.55, "trend": 11.749908, "fair_value": 11.538608, "relative_strength": -3.344404, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.9148, "energy": 69.953299, "activity_lines": [ 11.912133, 11.837065, 11.803739, 11.787416 ] }, { "date": "2026-03-20", "close": 11.884, "volume": 8341, "typical_volume": 14727.75, "trend": 11.760971, "fair_value": 11.544144, "relative_strength": -0.952019, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.85844, "energy": 64.412602, "activity_lines": [ 11.9212, 11.850479, 11.811951, 11.796067 ] }, { "date": "2026-03-27", "close": 11.904, "volume": 24661, "typical_volume": 15141.15, "trend": 11.769964, "fair_value": 11.550827, "relative_strength": -1.755484, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.270243, "energy": 65.469076, "activity_lines": [ 11.924933, 11.867005, 11.821911, 11.805294 ] }, { "date": "2026-04-03", "close": 11.96, "volume": 8241, "typical_volume": 13232.1, "trend": 11.78154, "fair_value": 11.557526, "relative_strength": -5.601317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.521547, "energy": 57.210802, "activity_lines": [ 11.94, 11.893322, 11.836813, 11.817555 ] }, { "date": "2026-04-10", "close": 11.796, "volume": 3271, "typical_volume": 12931.15, "trend": 11.787323, "fair_value": 11.564248, "relative_strength": -10.179842, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.086634, "energy": 24.486029, "activity_lines": [ 11.888267, 11.885532, 11.835225, 11.818488 ] }, { "date": "2026-04-17", "close": 11.76, "volume": 14185, "typical_volume": 13417.25, "trend": 11.792494, "fair_value": 11.570496, "relative_strength": -12.273626, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 20.468496, "energy": 11.864986, "activity_lines": [ 11.837067, 11.868327, 11.830796, 11.816725 ] }, { "date": "2026-04-24", "close": 11.84, "volume": 3542, "typical_volume": 11460.8, "trend": 11.80033, "fair_value": 11.577423, "relative_strength": -9.03359, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.499689, "energy": 16.085807, "activity_lines": [ 11.830133, 11.864909, 11.834412, 11.81979 ] }, { "date": "2026-05-01", "close": 11.79, "volume": 6788, "typical_volume": 10907.0, "trend": 11.805979, "fair_value": 11.583808, "relative_strength": -10.151925, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.18692, "energy": 18.721582, "activity_lines": [ 11.809467, 11.849927, 11.832994, 11.819123 ] }, { "date": "2026-05-08", "close": 11.77, "volume": 7370, "typical_volume": 10547.8, "trend": 11.806726, "fair_value": 11.589012, "relative_strength": -11.838672, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.336651, "energy": 14.407523, "activity_lines": [ 11.789733, 11.831382, 11.829236, 11.816802 ] }, { "date": "2026-05-15", "close": 11.862, "volume": 3855, "typical_volume": 10534.25, "trend": 11.810734, "fair_value": 11.594905, "relative_strength": -10.518156, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.553173, "energy": 11.988233, "activity_lines": [ 11.813333, 11.829709, 11.83405, 11.820368 ] }, { "date": "2026-05-22", "close": 11.888, "volume": 3524, "typical_volume": 10317.3, "trend": 11.813654, "fair_value": 11.600566, "relative_strength": -10.687309, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.304463, "energy": 15.024915, "activity_lines": [ 11.8412, 11.834982, 11.840488, 11.825353 ] }, { "date": "2026-05-29", "close": 11.874, "volume": 38884, "typical_volume": 11104.75, "trend": 11.814413, "fair_value": 11.605472, "relative_strength": -11.391668, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.896706, "energy": 19.752759, "activity_lines": [ 11.855867, 11.840182, 11.844887, 11.829247 ] }, { "date": "2026-06-05", "close": 11.96, "volume": 1900, "typical_volume": 11053.5, "trend": 11.819017, "fair_value": 11.611838, "relative_strength": -10.191984, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.801831, "energy": 54.85635, "activity_lines": [ 11.896933, 11.8612, 11.857387, 11.838639 ] }, { "date": "2026-06-12", "close": 12.004, "volume": 0, "typical_volume": 10497.7, "trend": 11.826586, "fair_value": 11.619539, "relative_strength": -12.303652, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.230548, "energy": 72.742709, "activity_lines": [ 11.941333, 11.8892, 11.873708, 11.850574 ] }, { "date": "2026-06-19", "close": 12.072, "volume": 3808, "typical_volume": 10029.5, "trend": 11.831664, "fair_value": 11.627355, "relative_strength": -13.653386, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.83281, "energy": 84.917573, "activity_lines": [ 11.9928, 11.928764, 11.895173, 11.866407 ] }, { "date": "2026-06-26", "close": 12.186, "volume": 9351, "typical_volume": 9792.65, "trend": 11.842888, "fair_value": 11.636079, "relative_strength": -9.821029, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.890386, "energy": 94.769273, "activity_lines": [ 12.068267, 11.984036, 11.925429, 11.889267 ] }, { "date": "2026-07-03", "close": 12.136, "volume": 2030, "typical_volume": 9758.25, "trend": 11.854661, "fair_value": 11.644915, "relative_strength": -12.470264, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.574398, "energy": 91.212905, "activity_lines": [ 12.1072, 12.022473, 11.948695, 11.908178 ] }, { "date": "2026-07-10", "close": 12.118, "volume": 23111, "typical_volume": 9976.5, "trend": 11.868637, "fair_value": 11.65491, "relative_strength": -11.907101, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.125809, "energy": 88.091397, "activity_lines": [ 12.122667, 12.052255, 11.96819, 11.925167 ] }, { "date": "2026-07-17", "close": 12.122, "volume": 7060, "typical_volume": 9877.95, "trend": 11.881703, "fair_value": 11.664454, "relative_strength": -10.287212, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.694294, "energy": 87.049413, "activity_lines": [ 12.128933, 12.0768, 11.986524, 11.941513 ] }, { "date": "2026-07-24", "close": 12.13, "volume": 7776, "typical_volume": 8934.15, "trend": 11.8966, "fair_value": 11.673251, "relative_strength": -9.778215, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.040459, "energy": 82.100158, "activity_lines": [ 12.13, 12.0964, 12.003981, 11.957532 ] }, { "date": "2026-07-31", "close": 12.014, "volume": 4629, "typical_volume": 9116.35, "trend": 11.90574, "fair_value": 11.681333, "relative_strength": -10.868095, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.478394, "energy": 48.164891, "activity_lines": [ 12.088533, 12.090036, 12.009695, 11.965107 ] }, { "date": "2026-08-07", "close": 12.008, "volume": 2755, "typical_volume": 8837.05, "trend": 11.910836, "fair_value": 11.689106, "relative_strength": -13.125328, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.837423, "energy": 35.233177, "activity_lines": [ 12.056533, 12.080291, 12.014886, 11.971704 ] } ], "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." } } }