{ "ticker": { "uuid": "37da73cf-72be-40f6-a0c4-777fca30e58a", "symbol": "IJPN", "name": "iShares MSCI Japan UCITS ETF USD (Dist)", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 59.809, "architecture_energy": 32.112, "architecture_maturity": 56.829, "architecture_confidence": 84.899, "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": 26.29, "rotation_up": 38.21, "upward_expansion": 60.82, "deceleration": 85.39, "rotation_down": 26.66, "downward_expansion": 19.82 }, "activity_lines": [ 21.301052, 21.324339, 21.054065, 20.70478 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 21.9, "trend_reference": 20.28763, "distance_from_trend": 0.079476, "trend_direction": "Improving", "fair_value": 16.625633, "distance_from_fair_value": 0.317243, "fair_value_direction": "Improving", "relative_strength": -1.973305, "relative_strength_direction": "Weakening", "price_momentum": 0.1083, "excess_performance": -0.062592, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.079476, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.054667, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.317243, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.034157, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.019733, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.027261, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.1083, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.923457, "read": "Demand-led" } ], "volume": { "latest": 264197, "relative_activity": 0.965113, "balance": 5.923457, "dry_up": 0.686643, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.032035, "annualized_volatility": 0.199062, "from_high_reference": -0.002886, "from_low_reference": 0.305692 }, "levels": { "trend_reference": 20.28763, "fair_value_reference": 16.625633, "structural_low": 18.288, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": 0.025776, "positive_rate": 0.692308, "directional_follow_through": 0.692308, "median_excess_return": 0.009466, "regime_survival": 0.538462, "best_return": 0.084808, "worst_return": -0.04138, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.003788, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.006572, "regime_survival": 0.0, "best_return": 0.150095, "worst_return": -0.06279, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.014121, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.006362, "regime_survival": 0.0, "best_return": 0.10656, "worst_return": -0.085963, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.012576, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.046175, "regime_survival": 0.0, "best_return": 0.280257, "worst_return": -0.13628, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-02", "end": "2024-08-23", "tenure": "New", "return": 0.085714, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-30", "end": "2024-11-29", "tenure": "Established", "return": 0.012053, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-06", "end": "2025-01-10", "tenure": "Developing", "return": -0.036227, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-01-24", "tenure": "New", "return": 0.014415, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-03-28", "tenure": "Developing", "return": -0.034344, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": -0.002616, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-16", "tenure": "Developing", "return": 0.077424, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-05-30", "tenure": "New", "return": 0.013558, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-06-20", "tenure": "New", "return": -0.029305, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-08-15", "tenure": "Developing", "return": 0.053528, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2026-03-20", "tenure": "Extended", "return": 0.078973, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-24", "tenure": "Developing", "return": 0.048566, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-07-31", "tenure": "Established", "return": 0.055617, "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": 13.090554, "volume": 195450, "typical_volume": 120834.4, "trend": 13.135354, "fair_value": 12.989486, "relative_strength": -6.210464, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.214553, "energy": 9.990446, "activity_lines": [ 13.399234, 13.463437, 13.461458, 13.314985 ] }, { "date": "2023-08-25", "close": 13.320245, "volume": 46420, "typical_volume": 119507.0, "trend": 13.149354, "fair_value": 13.002723, "relative_strength": -5.620045, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.463103, "energy": 14.482622, "activity_lines": [ 13.345129, 13.426268, 13.461308, 13.326913 ] }, { "date": "2023-09-01", "close": 13.773889, "volume": 90908, "typical_volume": 121330.3, "trend": 13.18069, "fair_value": 13.01888, "relative_strength": -3.559883, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.874696, "energy": 17.726118, "activity_lines": [ 13.452447, 13.482687, 13.500952, 13.367206 ] }, { "date": "2023-09-08", "close": 13.835139, "volume": 82381, "typical_volume": 120021.25, "trend": 13.209638, "fair_value": 13.034255, "relative_strength": -1.400177, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.013731, "energy": 28.002842, "activity_lines": [ 13.589624, 13.544023, 13.541257, 13.409428 ] }, { "date": "2023-09-15", "close": 14.200732, "volume": 123430, "typical_volume": 123656.8, "trend": 13.259315, "fair_value": 13.051117, "relative_strength": -0.820881, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 73.850635, "energy": 67.15898, "activity_lines": [ 13.826462, 13.667742, 13.611268, 13.47337 ] }, { "date": "2023-09-22", "close": 13.978696, "volume": 181517, "typical_volume": 128948.1, "trend": 13.306717, "fair_value": 13.066297, "relative_strength": -0.922681, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.964043, "energy": 70.235408, "activity_lines": [ 13.93799, 13.738216, 13.652684, 13.519782 ] }, { "date": "2023-09-29", "close": 13.706894, "volume": 116723, "typical_volume": 125542.1, "trend": 13.335567, "fair_value": 13.079946, "relative_strength": -1.338696, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.758037, "energy": 64.25761, "activity_lines": [ 13.899708, 13.748169, 13.662825, 13.5456 ] }, { "date": "2023-10-06", "close": 13.406381, "volume": 235813, "typical_volume": 128302.55, "trend": 13.354716, "fair_value": 13.091445, "relative_strength": -1.615543, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.476074, "energy": 29.296073, "activity_lines": [ 13.735478, 13.699238, 13.641987, 13.550168 ] }, { "date": "2023-10-13", "close": 13.613103, "volume": 213159, "typical_volume": 133989.15, "trend": 13.3924, "fair_value": 13.104246, "relative_strength": -1.270794, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.056125, "energy": 14.673817, "activity_lines": [ 13.664656, 13.69715, 13.640832, 13.566838 ] }, { "date": "2023-10-20", "close": 13.193914, "volume": 105883, "typical_volume": 135461.1, "trend": 13.411112, "fair_value": 13.114853, "relative_strength": -0.971294, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.273505, "energy": 15.829228, "activity_lines": [ 13.468907, 13.616827, 13.598764, 13.554033 ] }, { "date": "2023-10-27", "close": 13.130751, "volume": 103719, "typical_volume": 133370.75, "trend": 13.419871, "fair_value": 13.125032, "relative_strength": -0.994479, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.524888, "energy": 29.932692, "activity_lines": [ 13.319225, 13.529335, 13.553333, 13.535945 ] }, { "date": "2023-11-03", "close": 13.869593, "volume": 140411, "typical_volume": 124387.85, "trend": 13.462054, "fair_value": 13.13727, "relative_strength": -0.335949, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.934204, "energy": 18.917123, "activity_lines": [ 13.472353, 13.575448, 13.581835, 13.564959 ] }, { "date": "2023-11-10", "close": 13.503999, "volume": 165834, "typical_volume": 125656.7, "trend": 13.489266, "fair_value": 13.145038, "relative_strength": -2.221657, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.888433, "energy": 11.894276, "activity_lines": [ 13.49277, 13.5451, 13.575811, 13.567665 ] }, { "date": "2023-11-17", "close": 13.710722, "volume": 51538, "typical_volume": 125866.75, "trend": 13.520902, "fair_value": 13.152523, "relative_strength": -3.912104, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.660689, "energy": 13.636361, "activity_lines": [ 13.575587, 13.557246, 13.589132, 13.581953 ] }, { "date": "2023-11-24", "close": 13.716464, "volume": 89825, "typical_volume": 118569.25, "trend": 13.556905, "fair_value": 13.158412, "relative_strength": -3.453959, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.980545, "energy": 23.510756, "activity_lines": [ 13.653809, 13.572698, 13.602521, 13.59457 ] }, { "date": "2023-12-01", "close": 13.888734, "volume": 126142, "typical_volume": 121894.9, "trend": 13.591626, "fair_value": 13.167027, "relative_strength": -3.671771, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.240703, "energy": 31.29223, "activity_lines": [ 13.754619, 13.628277, 13.631251, 13.615978 ] }, { "date": "2023-12-08", "close": 13.972956, "volume": 76288, "typical_volume": 121423.55, "trend": 13.617004, "fair_value": 13.176169, "relative_strength": -4.385028, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.591422, "energy": 48.636482, "activity_lines": [ 13.83297, 13.700804, 13.665522, 13.64058 ] }, { "date": "2023-12-15", "close": 13.972956, "volume": 204664, "typical_volume": 125583.05, "trend": 13.635928, "fair_value": 13.184677, "relative_strength": -4.071062, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.228869, "energy": 56.664511, "activity_lines": [ 13.90443, 13.768494, 13.697415, 13.663545 ] }, { "date": "2023-12-22", "close": 14.028462, "volume": 100143, "typical_volume": 125502.3, "trend": 13.656701, "fair_value": 13.194117, "relative_strength": -3.420284, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.619759, "energy": 60.314387, "activity_lines": [ 13.963129, 13.835974, 13.734321, 13.68887 ] }, { "date": "2023-12-29", "close": 14.09737, "volume": 80740, "typical_volume": 126549.4, "trend": 13.668254, "fair_value": 13.202542, "relative_strength": -2.752704, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.250118, "energy": 60.883027, "activity_lines": [ 14.023614, 13.908432, 13.775282, 13.7173 ] }, { "date": "2024-01-05", "close": 14.212216, "volume": 34933, "typical_volume": 118523.55, "trend": 13.679332, "fair_value": 13.209883, "relative_strength": -2.170968, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.577814, "energy": 66.651756, "activity_lines": [ 14.096988, 13.985344, 13.82401, 13.752394 ] }, { "date": "2024-01-12", "close": 14.783934, "volume": 75272, "typical_volume": 119966.15, "trend": 13.707759, "fair_value": 13.220174, "relative_strength": 1.660573, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.086926, "energy": 82.927617, "activity_lines": [ 14.339368, 14.146541, 13.921845, 13.823659 ] }, { "date": "2024-01-19", "close": 14.651007, "volume": 184171, "typical_volume": 124629.3, "trend": 13.748398, "fair_value": 13.229944, "relative_strength": 1.401586, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.249632, "energy": 83.150028, "activity_lines": [ 14.483375, 14.266946, 14.000051, 13.884513 ] }, { "date": "2024-01-26", "close": 14.695314, "volume": 158412, "typical_volume": 128430.85, "trend": 13.784565, "fair_value": 13.241981, "relative_strength": 1.407546, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.438318, "energy": 83.94281, "activity_lines": [ 14.596947, 14.374552, 14.0783, 13.945605 ] }, { "date": "2024-02-02", "close": 14.920715, "volume": 87011, "typical_volume": 126609.9, "trend": 13.83217, "fair_value": 13.252051, "relative_strength": 1.787524, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.827395, "energy": 91.893248, "activity_lines": [ 14.741196, 14.505238, 14.17392, 14.018905 ] }, { "date": "2024-02-09", "close": 14.968877, "volume": 112548, "typical_volume": 123161.45, "trend": 13.885529, "fair_value": 13.260481, "relative_strength": 0.660541, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.902581, "energy": 90.633159, "activity_lines": [ 14.846609, 14.622785, 14.270697, 14.092241 ] }, { "date": "2024-02-16", "close": 15.317574, "volume": 185756, "typical_volume": 126613.1, "trend": 13.947002, "fair_value": 13.27123, "relative_strength": 1.035099, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.413959, "energy": 94.552657, "activity_lines": [ 15.017811, 14.784093, 14.395969, 14.184631 ] }, { "date": "2024-02-23", "close": 15.5449, "volume": 122052, "typical_volume": 120925.05, "trend": 14.001315, "fair_value": 13.286977, "relative_strength": -0.544053, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.830728, "energy": 95.271392, "activity_lines": [ 15.229211, 14.962285, 14.535222, 14.287721 ] }, { "date": "2024-03-01", "close": 15.776079, "volume": 90495, "typical_volume": 114791.85, "trend": 14.077114, "fair_value": 13.304113, "relative_strength": 0.150357, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.779606, "energy": 95.338608, "activity_lines": [ 15.458079, 15.153929, 14.686307, 14.402222 ] }, { "date": "2024-03-08", "close": 15.874331, "volume": 397265, "typical_volume": 129360.95, "trend": 14.15855, "fair_value": 13.320284, "relative_strength": -0.663311, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.600812, "energy": 94.040831, "activity_lines": [ 15.647646, 15.331662, 14.836451, 14.518171 ] }, { "date": "2024-03-15", "close": 15.519855, "volume": 43017, "typical_volume": 126325.85, "trend": 14.239527, "fair_value": 13.331679, "relative_strength": -4.290856, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.182765, "energy": 80.462871, "activity_lines": [ 15.655481, 15.412637, 14.94007, 14.605997 ] }, { "date": "2024-03-22", "close": 16.172939, "volume": 114445, "typical_volume": 125027.55, "trend": 14.334617, "fair_value": 13.347462, "relative_strength": -1.369171, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.299815, "energy": 73.93042, "activity_lines": [ 15.844278, 15.588579, 15.094512, 14.730734 ] }, { "date": "2024-03-29", "close": 16.088173, "volume": 84413, "typical_volume": 120956.5, "trend": 14.411759, "fair_value": 13.363623, "relative_strength": -2.987024, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.60909, "energy": 70.089758, "activity_lines": [ 15.947795, 15.723854, 15.229912, 14.843866 ] }, { "date": "2024-04-05", "close": 15.718284, "volume": 236874, "typical_volume": 130223.3, "trend": 14.474531, "fair_value": 13.377565, "relative_strength": -3.154144, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.114512, "energy": 63.720106, "activity_lines": [ 15.891798, 15.765747, 15.317779, 14.928158 ] }, { "date": "2024-04-12", "close": 15.891667, "volume": 130899, "typical_volume": 132277.0, "trend": 14.530895, "fair_value": 13.392868, "relative_strength": -1.430986, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.953949, "energy": 63.737061, "activity_lines": [ 15.897448, 15.820564, 15.412599, 15.019586 ] }, { "date": "2024-04-19", "close": 15.259779, "volume": 156491, "typical_volume": 133794.45, "trend": 14.573598, "fair_value": 13.405666, "relative_strength": -5.752838, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.152321, "energy": 43.947379, "activity_lines": [ 15.691313, 15.742839, 15.436881, 15.066611 ] }, { "date": "2024-04-26", "close": 15.27519, "volume": 129044, "typical_volume": 136432.25, "trend": 14.625875, "fair_value": 13.420251, "relative_strength": -6.483177, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.979171, "energy": 26.009609, "activity_lines": [ 15.507654, 15.662626, 15.456103, 15.111875 ] }, { "date": "2024-05-03", "close": 15.608474, "volume": 139865, "typical_volume": 133192.3, "trend": 14.699278, "fair_value": 13.435911, "relative_strength": -2.65617, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.279708, "energy": 24.436072, "activity_lines": [ 15.494939, 15.643781, 15.500864, 15.175269 ] }, { "date": "2024-05-10", "close": 15.36959, "volume": 69924, "typical_volume": 131681.35, "trend": 14.757827, "fair_value": 13.452565, "relative_strength": -6.840311, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.292843, "energy": 24.640487, "activity_lines": [ 15.434576, 15.580347, 15.515086, 15.218515 ] }, { "date": "2024-05-17", "close": 15.406193, "volume": 405780, "typical_volume": 147933.35, "trend": 14.83157, "fair_value": 13.468675, "relative_strength": -8.383761, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.473692, "energy": 19.585465, "activity_lines": [ 15.40966, 15.530959, 15.526408, 15.260345 ] }, { "date": "2024-05-24", "close": 15.358029, "volume": 115333, "typical_volume": 151953.35, "trend": 14.905813, "fair_value": 13.483272, "relative_strength": -6.050786, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.035051, "energy": 12.284225, "activity_lines": [ 15.401055, 15.481326, 15.52691, 15.29431 ] }, { "date": "2024-05-31", "close": 15.425457, "volume": 67803, "typical_volume": 151579.9, "trend": 14.957675, "fair_value": 13.497263, "relative_strength": -5.407728, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.047121, "energy": 12.298033, "activity_lines": [ 15.408376, 15.446894, 15.528378, 15.327835 ] }, { "date": "2024-06-07", "close": 15.5449, "volume": 76707, "typical_volume": 146206.7, "trend": 15.025705, "fair_value": 13.511948, "relative_strength": -4.895522, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.943655, "energy": 11.70728, "activity_lines": [ 15.445493, 15.447769, 15.538166, 15.365721 ] }, { "date": "2024-06-14", "close": 15.408118, "volume": 104488, "typical_volume": 143510.5, "trend": 15.082285, "fair_value": 13.525791, "relative_strength": 0.140574, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.910282, "energy": 14.197246, "activity_lines": [ 15.441254, 15.433653, 15.530671, 15.390393 ] }, { "date": "2024-06-21", "close": 15.175012, "volume": 56490, "typical_volume": 141984.45, "trend": 15.130903, "fair_value": 13.537479, "relative_strength": -3.130776, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.916265, "energy": 5.589431, "activity_lines": [ 15.356745, 15.382794, 15.497581, 15.396375 ] }, { "date": "2024-06-28", "close": 15.706725, "volume": 109972, "typical_volume": 141855.65, "trend": 15.191503, "fair_value": 13.552836, "relative_strength": 0.766565, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.188326, "energy": 18.680246, "activity_lines": [ 15.464886, 15.441639, 15.51392, 15.433525 ] }, { "date": "2024-07-05", "close": 15.856993, "volume": 59957, "typical_volume": 135565.7, "trend": 15.254304, "fair_value": 13.568459, "relative_strength": -0.687739, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 49.90273, "energy": 26.795411, "activity_lines": [ 15.599869, 15.51968, 15.541056, 15.47646 ] }, { "date": "2024-07-12", "close": 16.097803, "volume": 166903, "typical_volume": 137808.25, "trend": 15.325132, "fair_value": 13.586065, "relative_strength": -0.904867, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 69.636297, "energy": 54.476654, "activity_lines": [ 15.786354, 15.630926, 15.588558, 15.530879 ] }, { "date": "2024-07-19", "close": 15.83965, "volume": 56275, "typical_volume": 136097.25, "trend": 15.385505, "fair_value": 13.601328, "relative_strength": -1.437712, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.43511, "energy": 58.743595, "activity_lines": [ 15.849927, 15.686339, 15.608841, 15.564074 ] }, { "date": "2024-07-26", "close": 15.499494, "volume": 84133, "typical_volume": 120440.65, "trend": 15.432242, "fair_value": 13.615883, "relative_strength": -2.348741, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.654892, "energy": 47.48918, "activity_lines": [ 15.771346, 15.671358, 15.596425, 15.571428 ] }, { "date": "2024-08-02", "close": 14.490685, "volume": 71071, "typical_volume": 121843.35, "trend": 15.441525, "fair_value": 13.62257, "relative_strength": -3.514031, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -40.942202, "energy": 25.594607, "activity_lines": [ 15.334863, 15.471261, 15.489717, 15.510682 ] }, { "date": "2024-08-09", "close": 14.591761, "volume": 180460, "typical_volume": 125144.1, "trend": 15.435119, "fair_value": 13.629096, "relative_strength": -2.052638, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.572699, "energy": 44.787915, "activity_lines": [ 15.013142, 15.305311, 15.397537, 15.455859 ] }, { "date": "2024-08-16", "close": 15.491717, "volume": 97653, "typical_volume": 125806.1, "trend": 15.463143, "fair_value": 13.643542, "relative_strength": 0.036872, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -50.004295, "energy": 38.771636, "activity_lines": [ 15.075755, 15.318148, 15.398596, 15.45951 ] }, { "date": "2024-08-23", "close": 15.732742, "volume": 91924, "typical_volume": 118558.6, "trend": 15.497724, "fair_value": 13.658131, "relative_strength": -0.226228, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -37.249438, "energy": 28.568393, "activity_lines": [ 15.259115, 15.375775, 15.425449, 15.476904 ] }, { "date": "2024-08-30", "close": 15.965993, "volume": 72483, "typical_volume": 115637.8, "trend": 15.532566, "fair_value": 13.670459, "relative_strength": -0.810514, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.20101, "energy": 6.500858, "activity_lines": [ 15.527353, 15.469909, 15.474449, 15.507115 ] }, { "date": "2024-09-06", "close": 15.11463, "volume": 148867, "typical_volume": 115256.6, "trend": 15.537425, "fair_value": 13.674727, "relative_strength": -2.904146, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.049858, "energy": 19.893113, "activity_lines": [ 15.480703, 15.394867, 15.442012, 15.480151 ] }, { "date": "2024-09-13", "close": 15.553919, "volume": 57889, "typical_volume": 111698.85, "trend": 15.545303, "fair_value": 13.681051, "relative_strength": -0.792012, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.259349, "energy": 15.683313, "activity_lines": [ 15.538886, 15.410462, 15.452104, 15.481215 ] }, { "date": "2024-09-20", "close": 15.695812, "volume": 163225, "typical_volume": 112866.85, "trend": 15.550333, "fair_value": 13.689032, "relative_strength": -0.362621, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.716844, "energy": 7.895227, "activity_lines": [ 15.580224, 15.457366, 15.474382, 15.490925 ] }, { "date": "2024-09-27", "close": 15.822158, "volume": 141419, "typical_volume": 116441.6, "trend": 15.551869, "fair_value": 13.700926, "relative_strength": -2.231905, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.698757, "energy": 14.208553, "activity_lines": [ 15.65007, 15.534552, 15.508277, 15.508463 ] }, { "date": "2024-10-04", "close": 16.035969, "volume": 134307, "typical_volume": 102867.95, "trend": 15.557257, "fair_value": 13.715926, "relative_strength": 2.451084, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.143641, "energy": 31.308337, "activity_lines": [ 15.785225, 15.650929, 15.560379, 15.539695 ] }, { "date": "2024-10-11", "close": 15.952389, "volume": 84319, "typical_volume": 101317.25, "trend": 15.571675, "fair_value": 13.729106, "relative_strength": -0.133348, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.19399, "energy": 34.568773, "activity_lines": [ 15.887856, 15.742357, 15.601523, 15.565187 ] }, { "date": "2024-10-18", "close": 15.847426, "volume": 180209, "typical_volume": 106937.55, "trend": 15.560824, "fair_value": 13.742754, "relative_strength": -3.187029, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.348372, "energy": 43.875766, "activity_lines": [ 15.899648, 15.788123, 15.62984, 15.582978 ] }, { "date": "2024-10-25", "close": 15.310949, "volume": 95506, "typical_volume": 107877.5, "trend": 15.534917, "fair_value": 13.752511, "relative_strength": -5.152649, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 27.537919, "energy": 16.4953, "activity_lines": [ 15.713047, 15.713519, 15.605055, 15.566857 ] }, { "date": "2024-11-01", "close": 15.456731, "volume": 37958, "typical_volume": 104551.0, "trend": 15.526198, "fair_value": 13.760684, "relative_strength": -3.822286, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 24.999659, "energy": 11.833625, "activity_lines": [ 15.600698, 15.668706, 15.595268, 15.561812 ] }, { "date": "2024-11-08", "close": 15.894075, "volume": 329315, "typical_volume": 118192.25, "trend": 15.526279, "fair_value": 13.771208, "relative_strength": 1.427019, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.0774, "energy": 18.665677, "activity_lines": [ 15.658492, 15.708429, 15.626901, 15.585546 ] }, { "date": "2024-11-15", "close": 15.726911, "volume": 120542, "typical_volume": 118720.75, "trend": 15.54185, "fair_value": 13.779627, "relative_strength": -0.720473, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 29.519464, "energy": 16.985205, "activity_lines": [ 15.670025, 15.719067, 15.639189, 15.59849 ] }, { "date": "2024-11-22", "close": 16.032084, "volume": 154924, "typical_volume": 123469.1, "trend": 15.56708, "fair_value": 13.794043, "relative_strength": 3.257987, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.609632, "energy": 32.760009, "activity_lines": [ 15.798313, 15.774058, 15.680446, 15.630118 ] }, { "date": "2024-11-29", "close": 16.158426, "volume": 146484, "typical_volume": 122448.15, "trend": 15.585411, "fair_value": 13.808865, "relative_strength": 4.23657, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 61.426938, "energy": 53.262158, "activity_lines": [ 15.956405, 15.843326, 15.732901, 15.66827 ] }, { "date": "2024-12-06", "close": 16.525795, "volume": 121980, "typical_volume": 125733.4, "trend": 15.623952, "fair_value": 13.824496, "relative_strength": 2.44302, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.428821, "energy": 71.27754, "activity_lines": [ 16.180455, 15.970977, 15.820055, 15.72894 ] }, { "date": "2024-12-13", "close": 16.2906, "volume": 110472, "typical_volume": 127050.35, "trend": 15.653432, "fair_value": 13.838228, "relative_strength": 0.553993, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.443022, "energy": 70.494516, "activity_lines": [ 16.254836, 16.043073, 15.881543, 15.771949 ] }, { "date": "2024-12-20", "close": 15.95822, "volume": 264690, "typical_volume": 136731.3, "trend": 15.673438, "fair_value": 13.850233, "relative_strength": 1.73443, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.648096, "energy": 61.745751, "activity_lines": [ 16.191988, 16.050106, 15.907608, 15.791613 ] }, { "date": "2024-12-27", "close": 16.243952, "volume": 41817, "typical_volume": 129799.15, "trend": 15.700721, "fair_value": 13.864546, "relative_strength": 2.311782, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.73712, "energy": 53.530299, "activity_lines": [ 16.208964, 16.108984, 15.953897, 15.82842 ] }, { "date": "2025-01-03", "close": 16.280882, "volume": 79514, "typical_volume": 128892.2, "trend": 15.725254, "fair_value": 13.880212, "relative_strength": 2.600339, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.697257, "energy": 37.656184, "activity_lines": [ 16.224125, 16.167367, 15.995836, 15.86585 ] }, { "date": "2025-01-10", "close": 15.927119, "volume": 129177, "typical_volume": 130754.85, "trend": 15.742554, "fair_value": 13.89343, "relative_strength": -2.254243, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.960409, "energy": 22.863681, "activity_lines": [ 16.113201, 16.143795, 16.000325, 15.878874 ] }, { "date": "2025-01-17", "close": 16.069965, "volume": 150696, "typical_volume": 134665.5, "trend": 15.772386, "fair_value": 13.90913, "relative_strength": -4.419792, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.672727, "energy": 21.818302, "activity_lines": [ 16.089805, 16.137642, 16.017493, 15.899997 ] }, { "date": "2025-01-24", "close": 16.301611, "volume": 84924, "typical_volume": 131468.35, "trend": 15.792215, "fair_value": 13.929004, "relative_strength": -2.727698, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.361442, "energy": 25.674324, "activity_lines": [ 16.158333, 16.170408, 16.056227, 15.93414 ] }, { "date": "2025-01-31", "close": 16.576447, "volume": 320630, "typical_volume": 144605.4, "trend": 15.816197, "fair_value": 13.950581, "relative_strength": -1.695145, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.412407, "energy": 36.774474, "activity_lines": [ 16.29558, 16.242696, 16.115484, 15.984736 ] }, { "date": "2025-02-07", "close": 16.625523, "volume": 127613, "typical_volume": 142824.8, "trend": 15.833788, "fair_value": 13.97148, "relative_strength": -2.829482, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.547219, "energy": 58.506412, "activity_lines": [ 16.427019, 16.314009, 16.174545, 16.036951 ] }, { "date": "2025-02-14", "close": 16.484182, "volume": 89280, "typical_volume": 140217.85, "trend": 15.855272, "fair_value": 13.992059, "relative_strength": -5.803595, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.281796, "energy": 59.7156, "activity_lines": [ 16.488369, 16.351131, 16.215719, 16.078912 ] }, { "date": "2025-02-21", "close": 16.60393, "volume": 152066, "typical_volume": 141105.8, "trend": 15.892087, "fair_value": 14.013513, "relative_strength": -6.043877, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.563816, "energy": 63.482991, "activity_lines": [ 16.552497, 16.410782, 16.265144, 16.127212 ] }, { "date": "2025-02-28", "close": 16.43903, "volume": 267001, "typical_volume": 150239.9, "trend": 15.957032, "fair_value": 14.034281, "relative_strength": -7.331877, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.032032, "energy": 48.198843, "activity_lines": [ 16.526061, 16.434754, 16.29616, 16.162499 ] }, { "date": "2025-03-07", "close": 16.036592, "volume": 197023, "typical_volume": 151080.6, "trend": 16.005193, "fair_value": 14.055589, "relative_strength": -9.228176, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.937657, "energy": 19.248543, "activity_lines": [ 16.356317, 16.376813, 16.286532, 16.167632 ] }, { "date": "2025-03-14", "close": 16.140638, "volume": 130594, "typical_volume": 152835.0, "trend": 16.026823, "fair_value": 14.07399, "relative_strength": -8.633338, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.20715, "energy": 14.261773, "activity_lines": [ 16.257246, 16.341561, 16.285911, 16.17637 ] }, { "date": "2025-03-21", "close": 16.423325, "volume": 335128, "typical_volume": 167693.5, "trend": 16.049843, "fair_value": 14.093103, "relative_strength": -7.745692, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.92274, "energy": 18.321719, "activity_lines": [ 16.28473, 16.360255, 16.308263, 16.201951 ] }, { "date": "2025-03-28", "close": 16.007147, "volume": 121756, "typical_volume": 157315.55, "trend": 16.051215, "fair_value": 14.111078, "relative_strength": -9.203581, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 11.893286, "energy": 14.745614, "activity_lines": [ 16.177544, 16.29426, 16.286375, 16.199196 ] }, { "date": "2025-04-04", "close": 14.258021, "volume": 106750, "typical_volume": 156625.95, "trend": 16.022661, "fair_value": 14.119574, "relative_strength": -9.384532, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -51.199209, "energy": 61.616347, "activity_lines": [ 15.527102, 15.911383, 16.097366, 16.083506 ] }, { "date": "2025-04-11", "close": 14.220722, "volume": 177926, "typical_volume": 157776.05, "trend": 15.978221, "fair_value": 14.128454, "relative_strength": -7.766143, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -86.05658, "energy": 83.687197, "activity_lines": [ 15.009628, 15.558881, 15.911799, 15.967252 ] }, { "date": "2025-04-18", "close": 15.060931, "volume": 46173, "typical_volume": 152760.5, "trend": 15.957058, "fair_value": 14.14462, "relative_strength": -7.49348, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.722234, "energy": 76.445618, "activity_lines": [ 14.893282, 15.401975, 15.814878, 15.908072 ] }, { "date": "2025-04-25", "close": 15.467294, "volume": 58210, "typical_volume": 149572.0, "trend": 15.94523, "fair_value": 14.161131, "relative_strength": -8.353275, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.506487, "energy": 72.925952, "activity_lines": [ 14.98437, 15.347401, 15.761884, 15.876474 ] }, { "date": "2025-05-02", "close": 15.84617, "volume": 57922, "typical_volume": 146944.5, "trend": 15.938903, "fair_value": 14.181709, "relative_strength": -8.31122, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.377952, "energy": 40.564299, "activity_lines": [ 15.265486, 15.380202, 15.750013, 15.870084 ] }, { "date": "2025-05-09", "close": 15.975736, "volume": 53053, "typical_volume": 136362.65, "trend": 15.939681, "fair_value": 14.202412, "relative_strength": -9.863185, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.412658, "energy": 18.615798, "activity_lines": [ 15.600522, 15.450339, 15.752599, 15.87246 ] }, { "date": "2025-05-16", "close": 16.227013, "volume": 76368, "typical_volume": 138090.2, "trend": 15.952334, "fair_value": 14.224869, "relative_strength": -11.20456, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.717635, "energy": 19.920966, "activity_lines": [ 15.904803, 15.574585, 15.779033, 15.890997 ] }, { "date": "2025-05-23", "close": 16.07193, "volume": 68298, "typical_volume": 137529.4, "trend": 15.9777, "fair_value": 14.245699, "relative_strength": -9.274002, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.309914, "energy": 19.456355, "activity_lines": [ 16.023636, 15.667172, 15.790777, 15.898713 ] }, { "date": "2025-05-30", "close": 16.289835, "volume": 75899, "typical_volume": 134865.5, "trend": 16.00547, "fair_value": 14.269575, "relative_strength": -9.288984, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.56488, "energy": 21.968097, "activity_lines": [ 16.147705, 15.800628, 15.824269, 15.918851 ] }, { "date": "2025-06-06", "close": 16.211311, "volume": 163343, "typical_volume": 135497.85, "trend": 16.016045, "fair_value": 14.293844, "relative_strength": -10.682559, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.801784, "energy": 23.317553, "activity_lines": [ 16.190763, 15.922234, 15.848556, 15.932131 ] }, { "date": "2025-06-13", "close": 15.983589, "volume": 54425, "typical_volume": 133972.9, "trend": 16.024601, "fair_value": 14.320373, "relative_strength": -9.080547, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.447671, "energy": 17.748849, "activity_lines": [ 16.133571, 15.998723, 15.850482, 15.930037 ] }, { "date": "2025-06-20", "close": 15.736238, "volume": 89481, "typical_volume": 122415.45, "trend": 16.014739, "fair_value": 14.343844, "relative_strength": -9.801018, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -21.128194, "energy": 13.722535, "activity_lines": [ 15.993405, 15.998866, 15.830365, 15.911433 ] }, { "date": "2025-06-27", "close": 16.191679, "volume": 42933, "typical_volume": 118181.45, "trend": 16.015848, "fair_value": 14.370475, "relative_strength": -8.120253, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.188656, "energy": 6.539103, "activity_lines": [ 16.037771, 16.054261, 15.857624, 15.922849 ] }, { "date": "2025-07-04", "close": 15.861877, "volume": 38966, "typical_volume": 115665.75, "trend": 15.993717, "fair_value": 14.391429, "relative_strength": -9.459107, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.52337, "energy": 5.941525, "activity_lines": [ 15.96422, 16.029134, 15.855539, 15.912915 ] }, { "date": "2025-07-11", "close": 15.600784, "volume": 56167, "typical_volume": 110870.8, "trend": 15.970723, "fair_value": 14.411626, "relative_strength": -11.669713, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.827618, "energy": 24.473822, "activity_lines": [ 15.832169, 15.94936, 15.831552, 15.887564 ] }, { "date": "2025-07-18", "close": 15.578497, "volume": 119514, "typical_volume": 103496.45, "trend": 15.958066, "fair_value": 14.429566, "relative_strength": -12.014242, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.339463, "energy": 32.651009, "activity_lines": [ 15.73339, 15.869996, 15.810219, 15.86226 ] }, { "date": "2025-07-25", "close": 16.250994, "volume": 175256, "typical_volume": 102408.1, "trend": 15.9583, "fair_value": 14.450211, "relative_strength": -8.912298, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -12.431588, "energy": 11.705142, "activity_lines": [ 15.885783, 15.920127, 15.857031, 15.881158 ] }, { "date": "2025-08-01", "close": 16.147837, "volume": 180524, "typical_volume": 104904.6, "trend": 15.953866, "fair_value": 14.470907, "relative_strength": -7.520191, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.837196, "energy": 7.487297, "activity_lines": [ 15.969473, 15.951066, 15.892998, 15.893386 ] }, { "date": "2025-08-08", "close": 16.863976, "volume": 265609, "typical_volume": 101428.65, "trend": 15.985094, "fair_value": 14.494527, "relative_strength": -7.098709, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 47.802174, "energy": 51.960602, "activity_lines": [ 16.294799, 16.110831, 15.997134, 15.952103 ] }, { "date": "2025-08-15", "close": 17.058384, "volume": 149590, "typical_volume": 102820.35, "trend": 16.018041, "fair_value": 14.519356, "relative_strength": -8.017342, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 80.126813, "energy": 80.375336, "activity_lines": [ 16.618121, 16.295505, 16.117687, 16.021348 ] }, { "date": "2025-08-22", "close": 17.262711, "volume": 240919, "typical_volume": 109528.8, "trend": 16.050078, "fair_value": 14.546099, "relative_strength": -8.04502, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.056816, "energy": 87.667411, "activity_lines": [ 16.912379, 16.501928, 16.252693, 16.101649 ] }, { "date": "2025-08-29", "close": 16.879845, "volume": 464666, "typical_volume": 123865.8, "trend": 16.060191, "fair_value": 14.573421, "relative_strength": -7.445964, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.719809, "energy": 82.853075, "activity_lines": [ 16.966734, 16.615482, 16.336929, 16.155182 ] }, { "date": "2025-09-05", "close": 17.012758, "volume": 156000, "typical_volume": 129357.15, "trend": 16.073099, "fair_value": 14.601896, "relative_strength": -5.208569, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.969895, "energy": 80.713262, "activity_lines": [ 17.02347, 16.732409, 16.42116, 16.216638 ] }, { "date": "2025-09-12", "close": 17.363884, "volume": 95182, "typical_volume": 131205.75, "trend": 16.102423, "fair_value": 14.632743, "relative_strength": -5.195327, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.995859, "energy": 79.983062, "activity_lines": [ 17.139586, 16.898249, 16.529537, 16.299915 ] }, { "date": "2025-09-19", "close": 17.344046, "volume": 252834, "typical_volume": 140951.35, "trend": 16.127093, "fair_value": 14.665251, "relative_strength": -4.50048, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.743427, "energy": 62.756022, "activity_lines": [ 17.215763, 17.033172, 16.626993, 16.380019 ] }, { "date": "2025-09-26", "close": 17.353966, "volume": 84742, "typical_volume": 142535.8, "trend": 16.157591, "fair_value": 14.699683, "relative_strength": -4.986984, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.136771, "energy": 68.685752, "activity_lines": [ 17.276202, 17.138204, 16.718262, 16.459172 ] }, { "date": "2025-10-03", "close": 17.597969, "volume": 113881, "typical_volume": 144411.45, "trend": 16.209637, "fair_value": 14.734411, "relative_strength": -4.712406, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.236997, "energy": 74.551645, "activity_lines": [ 17.411892, 17.255318, 16.826206, 16.5521 ] }, { "date": "2025-10-10", "close": 17.167492, "volume": 189010, "typical_volume": 150447.05, "trend": 16.243865, "fair_value": 14.768179, "relative_strength": -4.123489, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.401066, "energy": 53.191413, "activity_lines": [ 17.356214, 17.269673, 16.886624, 16.613897 ] }, { "date": "2025-10-17", "close": 17.6674, "volume": 209083, "typical_volume": 157106.25, "trend": 16.285335, "fair_value": 14.805478, "relative_strength": -0.524785, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.553468, "energy": 56.123087, "activity_lines": [ 17.456857, 17.356382, 16.989435, 16.705738 ] }, { "date": "2025-10-24", "close": 17.849907, "volume": 119015, "typical_volume": 154889.85, "trend": 16.34676, "fair_value": 14.843089, "relative_strength": -1.131573, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.817808, "energy": 61.90323, "activity_lines": [ 17.598101, 17.461666, 17.103068, 16.806678 ] }, { "date": "2025-10-31", "close": 18.270464, "volume": 807733, "typical_volume": 192555.25, "trend": 16.480508, "fair_value": 14.882357, "relative_strength": -0.312917, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.350054, "energy": 69.293448, "activity_lines": [ 17.845807, 17.629023, 17.248951, 16.930788 ] }, { "date": "2025-11-07", "close": 17.996704, "volume": 334224, "typical_volume": 204792.4, "trend": 16.606374, "fair_value": 14.917007, "relative_strength": -0.991313, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.133516, "energy": 83.606317, "activity_lines": [ 17.941159, 17.728284, 17.357871, 17.028607 ] }, { "date": "2025-11-14", "close": 18.280382, "volume": 361191, "typical_volume": 220705.3, "trend": 16.713689, "fair_value": 14.954115, "relative_strength": -1.6942, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.954534, "energy": 88.057315, "activity_lines": [ 18.104489, 17.858815, 17.483045, 17.136608 ] }, { "date": "2025-11-21", "close": 17.701124, "volume": 234786, "typical_volume": 230496.3, "trend": 16.78815, "fair_value": 14.985384, "relative_strength": -1.549517, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.218849, "energy": 58.603533, "activity_lines": [ 18.00054, 17.860979, 17.543105, 17.200313 ] }, { "date": "2025-11-28", "close": 18.064152, "volume": 133069, "typical_volume": 234341.4, "trend": 16.862083, "fair_value": 15.020128, "relative_strength": -0.83807, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.797287, "energy": 53.837231, "activity_lines": [ 18.015352, 17.923017, 17.628981, 17.282636 ] }, { "date": "2025-12-05", "close": 18.119698, "volume": 101056, "typical_volume": 233418.5, "trend": 16.933548, "fair_value": 15.055796, "relative_strength": -0.441198, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.369007, "energy": 50.840885, "activity_lines": [ 18.034396, 17.982061, 17.708417, 17.363772 ] }, { "date": "2025-12-12", "close": 18.056217, "volume": 133106, "typical_volume": 231311.0, "trend": 16.994522, "fair_value": 15.093002, "relative_strength": -0.737905, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.469104, "energy": 44.043621, "activity_lines": [ 18.042331, 18.01564, 17.769705, 17.436203 ] }, { "date": "2025-12-19", "close": 18.044313, "volume": 68928, "typical_volume": 225731.2, "trend": 17.060268, "fair_value": 15.129902, "relative_strength": -3.251267, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.51824, "energy": 43.110284, "activity_lines": [ 18.04233, 18.038724, 17.821264, 17.503931 ] }, { "date": "2025-12-26", "close": 18.093908, "volume": 34869, "typical_volume": 214194.2, "trend": 17.120404, "fair_value": 15.167918, "relative_strength": -2.341992, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.170907, "energy": 40.918886, "activity_lines": [ 18.074599, 18.054882, 17.868515, 17.570618 ] }, { "date": "2026-01-02", "close": 18.133583, "volume": 66364, "typical_volume": 210032.9, "trend": 17.184479, "fair_value": 15.20568, "relative_strength": -3.436209, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.673411, "energy": 39.945895, "activity_lines": [ 18.093908, 18.0705, 17.913688, 17.635984 ] }, { "date": "2026-01-09", "close": 19.018343, "volume": 169476, "typical_volume": 206460.75, "trend": 17.285638, "fair_value": 15.247552, "relative_strength": 0.688391, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.079839, "energy": 60.505778, "activity_lines": [ 18.403508, 18.241825, 18.038004, 17.754298 ] }, { "date": "2026-01-16", "close": 19.334, "volume": 113287, "typical_volume": 188891.8, "trend": 17.405563, "fair_value": 15.290217, "relative_strength": 2.278275, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.113593, "energy": 87.866919, "activity_lines": [ 18.758417, 18.456945, 18.184023, 17.88645 ] }, { "date": "2026-01-23", "close": 18.784, "volume": 191082, "typical_volume": 190645.9, "trend": 17.491974, "fair_value": 15.327934, "relative_strength": 1.662643, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.940378, "energy": 79.651765, "activity_lines": [ 18.844807, 18.54775, 18.265974, 17.975382 ] }, { "date": "2026-01-30", "close": 18.959999, "volume": 207060, "typical_volume": 196239.8, "trend": 17.595245, "fair_value": 15.367204, "relative_strength": 1.228383, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.520124, "energy": 81.812161, "activity_lines": [ 18.940551, 18.661398, 18.356252, 18.070093 ] }, { "date": "2026-02-06", "close": 19.76, "volume": 444248, "typical_volume": 205810.5, "trend": 17.733885, "fair_value": 15.410751, "relative_strength": 4.782644, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.768931, "energy": 87.991339, "activity_lines": [ 19.245223, 18.897612, 18.51512, 18.209755 ] }, { "date": "2026-02-13", "close": 20.690001, "volume": 217899, "typical_volume": 212468.35, "trend": 17.904269, "fair_value": 15.461902, "relative_strength": 10.680638, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.552218, "energy": 91.683272, "activity_lines": [ 19.751467, 19.272084, 18.751055, 18.400472 ] }, { "date": "2026-02-20", "close": 20.295, "volume": 154581, "typical_volume": 214503.35, "trend": 18.039069, "fair_value": 15.511507, "relative_strength": 6.110776, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.74626, "energy": 90.766827, "activity_lines": [ 20.0146, 19.528005, 18.933485, 18.554712 ] }, { "date": "2026-02-27", "close": 20.57, "volume": 231954, "typical_volume": 216650.55, "trend": 18.186474, "fair_value": 15.561049, "relative_strength": 5.818033, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.899931, "energy": 91.105767, "activity_lines": [ 20.305333, 19.79322, 19.129263, 18.717998 ] }, { "date": "2026-03-06", "close": 19.414, "volume": 407659, "typical_volume": 226579.35, "trend": 18.271475, "fair_value": 15.603242, "relative_strength": 6.667943, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.696271, "energy": 63.123301, "activity_lines": [ 20.091667, 19.802332, 19.198743, 18.797194 ] }, { "date": "2026-03-13", "close": 19.194, "volume": 378747, "typical_volume": 239565.95, "trend": 18.342662, "fair_value": 15.646264, "relative_strength": 4.990369, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.13015, "energy": 46.506673, "activity_lines": [ 19.7744, 19.747443, 19.238954, 18.856711 ] }, { "date": "2026-03-20", "close": 18.625999, "volume": 324244, "typical_volume": 215391.5, "trend": 18.388105, "fair_value": 15.684684, "relative_strength": 5.32464, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.691856, "energy": 19.402664, "activity_lines": [ 19.305533, 19.57, 19.218668, 18.874991 ] }, { "date": "2026-03-27", "close": 18.614, "volume": 656570, "typical_volume": 231508.8, "trend": 18.44591, "fair_value": 15.721517, "relative_strength": 3.874434, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.734228, "energy": 24.108909, "activity_lines": [ 18.970266, 19.397509, 19.195547, 18.889565 ] }, { "date": "2026-04-03", "close": 19.356001, "volume": 253818, "typical_volume": 226140.15, "trend": 18.524018, "fair_value": 15.764799, "relative_strength": 2.636944, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.259286, "energy": 23.206336, "activity_lines": [ 18.9944, 19.373018, 19.240153, 18.948281 ] }, { "date": "2026-04-10", "close": 19.695999, "volume": 383889, "typical_volume": 233595.3, "trend": 18.601756, "fair_value": 15.809724, "relative_strength": 0.107119, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.815025, "energy": 21.375023, "activity_lines": [ 19.2128, 19.399945, 19.312018, 19.023892 ] }, { "date": "2026-04-17", "close": 20.129999, "volume": 301068, "typical_volume": 241995.25, "trend": 18.694621, "fair_value": 15.856957, "relative_strength": -0.294019, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.745276, "energy": 29.677309, "activity_lines": [ 19.557066, 19.4924, 19.415717, 19.122489 ] }, { "date": "2026-04-24", "close": 19.518, "volume": 820431, "typical_volume": 277964.0, "trend": 18.766755, "fair_value": 15.90107, "relative_strength": -0.843491, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.475508, "energy": 30.566928, "activity_lines": [ 19.634933, 19.466854, 19.451293, 19.17561 ] }, { "date": "2026-05-01", "close": 19.832001, "volume": 207905, "typical_volume": 281703.95, "trend": 18.841223, "fair_value": 15.945845, "relative_strength": -0.469366, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.245895, "energy": 37.737859, "activity_lines": [ 19.758, 19.519709, 19.510115, 19.244335 ] }, { "date": "2026-05-08", "close": 20.52, "volume": 467662, "typical_volume": 301640.65, "trend": 18.952973, "fair_value": 15.992694, "relative_strength": 0.75283, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.064834, "energy": 55.302601, "activity_lines": [ 20.0292, 19.706073, 19.626005, 19.352644 ] }, { "date": "2026-05-15", "close": 20.620001, "volume": 552634, "typical_volume": 327528.9, "trend": 19.051393, "fair_value": 16.038942, "relative_strength": 1.504747, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.974429, "energy": 60.707385, "activity_lines": [ 20.256134, 19.911527, 19.73963, 19.460194 ] }, { "date": "2026-05-22", "close": 20.76, "volume": 443527, "typical_volume": 346387.05, "trend": 19.148396, "fair_value": 16.086088, "relative_strength": 1.321325, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.561518, "energy": 66.23087, "activity_lines": [ 20.468134, 20.120509, 19.854559, 19.570426 ] }, { "date": "2026-05-29", "close": 20.9, "volume": 254665, "typical_volume": 350646.5, "trend": 19.236047, "fair_value": 16.131916, "relative_strength": 0.879206, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.822965, "energy": 70.97137, "activity_lines": [ 20.6848, 20.326473, 19.970314, 19.683433 ] }, { "date": "2026-06-05", "close": 21.014999, "volume": 57371, "typical_volume": 347850.7, "trend": 19.336657, "fair_value": 16.177654, "relative_strength": 1.623538, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.903643, "energy": 74.939634, "activity_lines": [ 20.847666, 20.512, 20.088062, 19.798204 ] }, { "date": "2026-06-12", "close": 20.877132, "volume": 25607, "typical_volume": 339576.95, "trend": 19.423216, "fair_value": 16.22218, "relative_strength": -2.188297, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.7678, "energy": 68.990384, "activity_lines": [ 20.88571, 20.628806, 20.184674, 19.89759 ] }, { "date": "2026-06-19", "close": 21.928677, "volume": 47801, "typical_volume": 331614.0, "trend": 19.564134, "fair_value": 16.276647, "relative_strength": 0.045904, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.57906, "energy": 81.988218, "activity_lines": [ 21.250461, 20.909145, 20.371467, 20.059232 ] }, { "date": "2026-06-26", "close": 21.407866, "volume": 5587, "typical_volume": 309680.95, "trend": 19.675591, "fair_value": 16.326631, "relative_strength": 0.64015, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.969609, "energy": 74.073289, "activity_lines": [ 21.354362, 21.054197, 20.494522, 20.178183 ] }, { "date": "2026-07-03", "close": 21.58643, "volume": 25508, "typical_volume": 300061.4, "trend": 19.791149, "fair_value": 16.378515, "relative_strength": -1.544193, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.072136, "energy": 76.475866, "activity_lines": [ 21.474594, 21.208481, 20.626736, 20.301463 ] }, { "date": "2026-07-10", "close": 21.665791, "volume": 219035, "typical_volume": 303284.1, "trend": 19.911468, "fair_value": 16.431705, "relative_strength": -0.900627, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.615976, "energy": 77.221923, "activity_lines": [ 21.575517, 21.339586, 20.762239, 20.422407 ] }, { "date": "2026-07-17", "close": 20.610001, "volume": 196621, "typical_volume": 301517.45, "trend": 19.996991, "fair_value": 16.477453, "relative_strength": -4.447518, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.353506, "energy": 44.519223, "activity_lines": [ 21.281125, 21.245388, 20.790663, 20.467474 ] }, { "date": "2026-07-24", "close": 21.129999, "volume": 174584, "typical_volume": 289863.7, "trend": 20.098194, "fair_value": 16.523699, "relative_strength": -1.92563, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.099957, "energy": 34.477946, "activity_lines": [ 21.177873, 21.244099, 20.868421, 20.540571 ] }, { "date": "2026-07-31", "close": 20.934999, "volume": 116464, "typical_volume": 276749.55, "trend": 20.191575, "fair_value": 16.571346, "relative_strength": -3.508251, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.388346, "energy": 23.731565, "activity_lines": [ 21.062867, 21.198083, 20.919436, 20.594559 ] }, { "date": "2026-08-07", "close": 21.9, "volume": 264197, "typical_volume": 273747.2, "trend": 20.28763, "fair_value": 16.625633, "relative_strength": -1.973305, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.808697, "energy": 32.112366, "activity_lines": [ 21.301052, 21.324339, 21.054065, 20.70478 ] } ], "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." } } }