{ "ticker": { "uuid": "3d398ee1-55ec-4241-aa5e-c062637662ae", "symbol": "XSOE", "name": "WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened UCITS ETF", "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": 58.575, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 19.157, "architecture_energy": 26.718, "architecture_maturity": 64.504, "architecture_confidence": 76.325, "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": 51.92, "rotation_up": 16.64, "upward_expansion": 52.57, "deceleration": 93.99, "rotation_down": 44.55, "downward_expansion": 23.23 }, "activity_lines": [ 27.619333, 28.137727, 28.097905, 27.491452 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 27.875, "trend_reference": 26.705333, "distance_from_trend": 0.043799, "trend_direction": "Improving", "fair_value": 21.172167, "distance_from_fair_value": 0.316587, "fair_value_direction": "Weakening", "relative_strength": -4.002795, "relative_strength_direction": "Weakening", "price_momentum": 0.117234, "excess_performance": -0.053657, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.043799, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.068007, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.316587, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.076903, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.040028, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.121492, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.117234, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.655799, "read": "Supply-led" } ], "volume": { "latest": 1546, "relative_activity": 1.126207, "balance": 0.655799, "dry_up": 0.400291, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.035461, "annualized_volatility": 0.233254, "from_high_reference": -0.081549, "from_low_reference": 0.326749 }, "levels": { "trend_reference": 26.705333, "fair_value_reference": 21.172167, "structural_low": 23.48, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 7, "median_return": 0.001486, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.02084, "regime_survival": 0.0, "best_return": 0.090891, "worst_return": -0.018253, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.010128, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.041057, "regime_survival": 0.0, "best_return": 0.191993, "worst_return": -0.026552, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.040072, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.038579, "regime_survival": 0.0, "best_return": 0.242418, "worst_return": 0.031988, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.101249, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.128378, "regime_survival": 0.0, "best_return": 0.141619, "worst_return": 0.060879, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-01-10", "tenure": "New", "return": 0.006657, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-02-07", "tenure": "New", "return": 0.013533, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-02-28", "tenure": "New", "return": -0.024207, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-14", "tenure": "New", "return": -0.015844, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.057935, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-30", "tenure": "Developing", "return": 0.124872, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-06-13", "tenure": "New", "return": 0.038587, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-20", "end": "2025-08-01", "tenure": "Developing", "return": 0.036564, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2025-12-05", "tenure": "Established", "return": 0.113658, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-12", "end": "2026-01-02", "tenure": "New", "return": 0.035922, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-09", "end": "2026-03-20", "tenure": "Developing", "return": -0.013552, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.093954, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-17", "tenure": "Established", "return": 0.021157, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.010147, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 18.07, "volume": 0, "typical_volume": 305.65, "trend": 17.505, "fair_value": 18.880471, "relative_strength": -6.105724, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 66.153922, "energy": 79.61833, "activity_lines": [ 18.068666, 17.914727, 17.666628, 17.52914 ] }, { "date": "2023-08-25", "close": 17.51, "volume": 135, "typical_volume": 312.4, "trend": 17.483733, "fair_value": 18.867419, "relative_strength": -9.783521, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.894427, "energy": 39.882413, "activity_lines": [ 17.8996, 17.858327, 17.67459, 17.529462 ] }, { "date": "2023-09-01", "close": 18.0, "volume": 23, "typical_volume": 300.9, "trend": 17.473533, "fair_value": 18.859236, "relative_strength": -8.091614, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.226001, "energy": 37.807022, "activity_lines": [ 17.8976, 17.8936, 17.725609, 17.56277 ] }, { "date": "2023-09-08", "close": 17.969999, "volume": 9, "typical_volume": 301.0, "trend": 17.4718, "fair_value": 18.850925, "relative_strength": -6.315499, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.200564, "energy": 29.019293, "activity_lines": [ 17.906, 17.923454, 17.769828, 17.5948 ] }, { "date": "2023-09-15", "close": 17.969999, "volume": 0, "typical_volume": 290.9, "trend": 17.4672, "fair_value": 18.842768, "relative_strength": -7.857327, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.4702, "energy": 25.969664, "activity_lines": [ 17.921333, 17.943563, 17.809657, 17.626942 ] }, { "date": "2023-09-22", "close": 17.969999, "volume": 0, "typical_volume": 290.55, "trend": 17.4626, "fair_value": 18.834761, "relative_strength": -6.114081, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.396983, "energy": 35.688615, "activity_lines": [ 17.943333, 17.950545, 17.843152, 17.65938 ] }, { "date": "2023-09-29", "close": 17.969999, "volume": 0, "typical_volume": 250.2, "trend": 17.458, "fair_value": 18.8269, "relative_strength": -4.486546, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.388208, "energy": 44.802794, "activity_lines": [ 17.971999, 17.954072, 17.87059, 17.692116 ] }, { "date": "2023-10-06", "close": 17.226, "volume": 103, "typical_volume": 255.35, "trend": 17.448867, "fair_value": 18.812477, "relative_strength": -6.445954, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -4.265339, "energy": 9.963739, "activity_lines": [ 17.721999, 17.814981, 17.822095, 17.677148 ] }, { "date": "2023-10-13", "close": 17.642, "volume": 16, "typical_volume": 256.15, "trend": 17.476333, "fair_value": 18.802027, "relative_strength": -5.119362, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 11.072664, "energy": 17.688415, "activity_lines": [ 17.662266, 17.771163, 17.811685, 17.689608 ] }, { "date": "2023-10-20", "close": 17.642, "volume": 0, "typical_volume": 255.9, "trend": 17.506, "fair_value": 18.791761, "relative_strength": -1.65086, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 7.074069, "energy": 21.580569, "activity_lines": [ 17.6244, 17.7352, 17.797762, 17.700296 ] }, { "date": "2023-10-27", "close": 17.642, "volume": 0, "typical_volume": 255.9, "trend": 17.535666, "fair_value": 18.781675, "relative_strength": -1.184481, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.705973, "energy": 26.366561, "activity_lines": [ 17.6084, 17.707018, 17.783885, 17.709071 ] }, { "date": "2023-11-03", "close": 17.108, "volume": 3, "typical_volume": 256.05, "trend": 17.547533, "fair_value": 18.767122, "relative_strength": -8.5034, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -47.169117, "energy": 61.885485, "activity_lines": [ 17.436267, 17.589527, 17.7192, 17.681479 ] }, { "date": "2023-11-10", "close": 17.596001, "volume": 1008, "typical_volume": 306.25, "trend": 17.561666, "fair_value": 18.757026, "relative_strength": -5.159554, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.513127, "energy": 38.236602, "activity_lines": [ 17.484267, 17.568073, 17.703581, 17.684606 ] }, { "date": "2023-11-17", "close": 17.941999, "volume": 1, "typical_volume": 305.7, "trend": 17.591466, "fair_value": 18.75006, "relative_strength": -6.220817, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 33.997569, "energy": 19.846871, "activity_lines": [ 17.622933, 17.616873, 17.722847, 17.709144 ] }, { "date": "2023-11-24", "close": 17.658001, "volume": 14, "typical_volume": 306.15, "trend": 17.6254, "fair_value": 18.740805, "relative_strength": -7.14858, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.882836, "energy": 9.024489, "activity_lines": [ 17.646934, 17.614546, 17.712647, 17.713436 ] }, { "date": "2023-12-01", "close": 17.851999, "volume": 4, "typical_volume": 306.1, "trend": 17.663866, "fair_value": 18.733336, "relative_strength": -7.348573, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.766499, "energy": 20.035994, "activity_lines": [ 17.734533, 17.653164, 17.718971, 17.728056 ] }, { "date": "2023-12-08", "close": 17.77, "volume": 9, "typical_volume": 106.55, "trend": 17.692733, "fair_value": 18.725308, "relative_strength": -8.832934, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.860938, "energy": 19.381945, "activity_lines": [ 17.7808, 17.679018, 17.717143, 17.734903 ] }, { "date": "2023-12-15", "close": 18.152, "volume": 4, "typical_volume": 66.75, "trend": 17.734333, "fair_value": 18.72057, "relative_strength": -6.370231, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.951846, "energy": 48.229395, "activity_lines": [ 17.910267, 17.777964, 17.750724, 17.764533 ] }, { "date": "2023-12-22", "close": 17.875999, "volume": 1029, "typical_volume": 118.05, "trend": 17.766733, "fair_value": 18.713647, "relative_strength": -7.313804, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.504695, "energy": 31.508261, "activity_lines": [ 17.910666, 17.809891, 17.758752, 17.773673 ] }, { "date": "2023-12-29", "close": 17.875999, "volume": 0, "typical_volume": 117.9, "trend": 17.7742, "fair_value": 18.706837, "relative_strength": -6.902422, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.668151, "energy": 29.724315, "activity_lines": [ 17.915466, 17.837563, 17.767724, 17.780722 ] }, { "date": "2024-01-05", "close": 18.26, "volume": 41, "typical_volume": 119.95, "trend": 17.794466, "fair_value": 18.703234, "relative_strength": -4.917292, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 74.239563, "energy": 62.664394, "activity_lines": [ 18.033733, 17.9308, 17.81419, 17.812064 ] }, { "date": "2024-01-12", "close": 18.26, "volume": 0, "typical_volume": 113.2, "trend": 17.814733, "fair_value": 18.699688, "relative_strength": -4.707014, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.340541, "energy": 69.561498, "activity_lines": [ 18.1248, 18.0128, 17.859752, 17.842099 ] }, { "date": "2024-01-19", "close": 17.493999, "volume": 880, "typical_volume": 156.05, "trend": 17.7978, "fair_value": 18.690119, "relative_strength": -7.784335, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.464031, "energy": 15.943434, "activity_lines": [ 17.927866, 17.934581, 17.82879, 17.821406 ] }, { "date": "2024-01-26", "close": 17.493999, "volume": 0, "typical_volume": 155.6, "trend": 17.7998, "fair_value": 18.680701, "relative_strength": -7.759437, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.171251, "energy": 10.877051, "activity_lines": [ 17.774799, 17.858218, 17.800238, 17.801806 ] }, { "date": "2024-02-02", "close": 17.775999, "volume": 1314, "typical_volume": 221.3, "trend": 17.8174, "fair_value": 18.673633, "relative_strength": -7.018912, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.429342, "energy": 15.055533, "activity_lines": [ 17.741199, 17.841272, 17.800809, 17.800271 ] }, { "date": "2024-02-09", "close": 18.27, "volume": 307, "typical_volume": 236.65, "trend": 17.833733, "fair_value": 18.670504, "relative_strength": -5.560968, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 23.386889, "energy": 20.108104, "activity_lines": [ 17.878933, 17.911999, 17.849352, 17.829471 ] }, { "date": "2024-02-16", "close": 18.615999, "volume": 3178, "typical_volume": 395.55, "trend": 17.868733, "fair_value": 18.670084, "relative_strength": -5.326106, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.075595, "energy": 61.531436, "activity_lines": [ 18.131333, 18.038036, 17.929419, 17.879939 ] }, { "date": "2024-02-23", "close": 18.598, "volume": 70, "typical_volume": 393.9, "trend": 17.878466, "fair_value": 18.669534, "relative_strength": -7.92805, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.386607, "energy": 81.239826, "activity_lines": [ 18.354, 18.145418, 18.004695, 17.926989 ] }, { "date": "2024-03-01", "close": 18.591999, "volume": 245, "typical_volume": 405.35, "trend": 17.895733, "fair_value": 18.668947, "relative_strength": -8.362845, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.069942, "energy": 85.571017, "activity_lines": [ 18.501066, 18.243599, 18.072866, 17.973023 ] }, { "date": "2024-03-08", "close": 18.604, "volume": 114, "typical_volume": 411.05, "trend": 17.913533, "fair_value": 18.668459, "relative_strength": -9.354746, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.893257, "energy": 84.09845, "activity_lines": [ 18.578933, 18.330945, 18.137657, 18.018718 ] }, { "date": "2024-03-15", "close": 18.822001, "volume": 169, "typical_volume": 419.5, "trend": 17.9386, "fair_value": 18.669604, "relative_strength": -9.442996, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.249759, "energy": 89.280774, "activity_lines": [ 18.674267, 18.444691, 18.218628, 18.077329 ] }, { "date": "2024-03-22", "close": 18.846001, "volume": 70, "typical_volume": 422.85, "trend": 17.983133, "fair_value": 18.670911, "relative_strength": -10.116812, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.675815, "energy": 88.427353, "activity_lines": [ 18.7408, 18.552582, 18.296266, 18.135871 ] }, { "date": "2024-03-29", "close": 18.799999, "volume": 5, "typical_volume": 372.7, "trend": 18.0098, "fair_value": 18.67186, "relative_strength": -11.168815, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.030919, "energy": 75.405827, "activity_lines": [ 18.776667, 18.641454, 18.361247, 18.188572 ] }, { "date": "2024-04-05", "close": 18.922001, "volume": 142, "typical_volume": 379.75, "trend": 18.041533, "fair_value": 18.673686, "relative_strength": -8.478547, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.777528, "energy": 74.363101, "activity_lines": [ 18.839734, 18.728764, 18.432114, 18.247423 ] }, { "date": "2024-04-12", "close": 18.964001, "volume": 873, "typical_volume": 422.7, "trend": 18.074666, "fair_value": 18.67579, "relative_strength": -7.444995, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.368178, "energy": 62.273833, "activity_lines": [ 18.894801, 18.797746, 18.502314, 18.306938 ] }, { "date": "2024-04-19", "close": 18.98, "volume": 12, "typical_volume": 423.1, "trend": 18.108333, "fair_value": 18.677978, "relative_strength": -7.637647, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.434701, "energy": 66.603069, "activity_lines": [ 18.9312, 18.848037, 18.567819, 18.365346 ] }, { "date": "2024-04-26", "close": 18.594, "volume": 57, "typical_volume": 425.5, "trend": 18.129133, "fair_value": 18.677378, "relative_strength": -10.178259, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.87872, "energy": 51.311589, "activity_lines": [ 18.8284, 18.815237, 18.59119, 18.396679 ] }, { "date": "2024-05-03", "close": 19.386, "volume": 5566, "typical_volume": 703.6, "trend": 18.201133, "fair_value": 18.682404, "relative_strength": -4.51949, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.840739, "energy": 62.910124, "activity_lines": [ 19.0064, 18.926837, 18.686067, 18.477768 ] }, { "date": "2024-05-10", "close": 19.374001, "volume": 212, "typical_volume": 662.75, "trend": 18.258867, "fair_value": 18.687275, "relative_strength": -7.234336, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.706568, "energy": 77.281649, "activity_lines": [ 19.141334, 19.021928, 18.773924, 18.553437 ] }, { "date": "2024-05-17", "close": 19.704, "volume": 878, "typical_volume": 706.65, "trend": 18.3276, "fair_value": 18.694385, "relative_strength": -7.461684, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.401796, "energy": 90.253068, "activity_lines": [ 19.356134, 19.1628, 18.886076, 18.646671 ] }, { "date": "2024-05-24", "close": 19.57, "volume": 60, "typical_volume": 707.6, "trend": 18.391867, "fair_value": 18.700465, "relative_strength": -5.473773, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.912653, "energy": 91.190117, "activity_lines": [ 19.476934, 19.259309, 18.976762, 18.726826 ] }, { "date": "2024-05-31", "close": 19.025999, "volume": 944, "typical_volume": 754.8, "trend": 18.4558, "fair_value": 18.70271, "relative_strength": -7.807119, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.228074, "energy": 76.619857, "activity_lines": [ 19.377066, 19.243309, 19.0094, 18.767738 ] }, { "date": "2024-06-07", "close": 19.264, "volume": 246, "typical_volume": 723.1, "trend": 18.5114, "fair_value": 18.706555, "relative_strength": -6.824564, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.340474, "energy": 56.452603, "activity_lines": [ 19.327733, 19.267309, 19.061057, 18.81988 ] }, { "date": "2024-06-14", "close": 19.264, "volume": 0, "typical_volume": 723.1, "trend": 18.555467, "fair_value": 18.710347, "relative_strength": -0.994093, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.230728, "energy": 45.879497, "activity_lines": [ 19.286533, 19.282873, 19.104286, 18.868434 ] }, { "date": "2024-06-21", "close": 19.264, "volume": 0, "typical_volume": 657.4, "trend": 18.609, "fair_value": 18.714088, "relative_strength": -2.64662, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.371665, "energy": 31.973046, "activity_lines": [ 19.252667, 19.292218, 19.139086, 18.914146 ] }, { "date": "2024-06-28", "close": 19.584, "volume": 310, "typical_volume": 657.55, "trend": 18.666733, "fair_value": 18.719926, "relative_strength": -0.480251, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.734593, "energy": 47.281503, "activity_lines": [ 19.3548, 19.354291, 19.197276, 18.977049 ] }, { "date": "2024-07-05", "close": 19.85, "volume": 439, "typical_volume": 520.6, "trend": 18.736067, "fair_value": 18.72746, "relative_strength": -1.485958, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 80.218261, "energy": 60.341509, "activity_lines": [ 19.544667, 19.453745, 19.274543, 19.053389 ] }, { "date": "2024-07-12", "close": 20.105, "volume": 194, "typical_volume": 526.8, "trend": 18.801167, "fair_value": 18.736583, "relative_strength": -1.807468, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.525028, "energy": 87.163623, "activity_lines": [ 19.7646, 19.576727, 19.370219, 19.141708 ] }, { "date": "2024-07-19", "close": 19.719999, "volume": 94, "typical_volume": 519.25, "trend": 18.862633, "fair_value": 18.743053, "relative_strength": -2.557759, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.999119, "energy": 72.06074, "activity_lines": [ 19.800133, 19.616636, 19.422052, 19.200987 ] }, { "date": "2024-07-26", "close": 19.304001, "volume": 154, "typical_volume": 521.25, "trend": 18.910233, "fair_value": 18.746719, "relative_strength": -3.317623, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.128213, "energy": 54.091259, "activity_lines": [ 19.6666, 19.574618, 19.428895, 19.229462 ] }, { "date": "2024-08-02", "close": 18.874001, "volume": 1325, "typical_volume": 579.05, "trend": 18.9307, "fair_value": 18.747545, "relative_strength": -0.038473, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 15.425282, "energy": 16.119569, "activity_lines": [ 19.387067, 19.461691, 19.391452, 19.227125 ] }, { "date": "2024-08-09", "close": 19.072001, "volume": 52, "typical_volume": 578.15, "trend": 18.957767, "fair_value": 18.749639, "relative_strength": 1.892992, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 11.612164, "energy": 20.634888, "activity_lines": [ 19.220867, 19.397419, 19.372619, 19.236241 ] }, { "date": "2024-08-16", "close": 19.084, "volume": 144, "typical_volume": 585.1, "trend": 19.010767, "fair_value": 18.751782, "relative_strength": -1.692583, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 1.182197, "energy": 24.118061, "activity_lines": [ 19.110534, 19.334491, 19.353853, 19.244385 ] }, { "date": "2024-08-23", "close": 19.368, "volume": 160, "typical_volume": 586.0, "trend": 19.073233, "fair_value": 18.740263, "relative_strength": -1.890199, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 5.440287, "energy": 21.244731, "activity_lines": [ 19.162934, 19.326473, 19.360781, 19.267432 ] }, { "date": "2024-08-30", "close": 19.368, "volume": 0, "typical_volume": 542.35, "trend": 19.1263, "fair_value": 18.724545, "relative_strength": -3.749364, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.219721, "energy": 13.513069, "activity_lines": [ 19.2388, 19.316564, 19.365586, 19.28645 ] }, { "date": "2024-09-06", "close": 19.063999, "volume": 177, "typical_volume": 550.6, "trend": 19.152767, "fair_value": 18.707968, "relative_strength": -1.975375, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -2.017146, "energy": 8.073367, "activity_lines": [ 19.209066, 19.249491, 19.339514, 19.28243 ] }, { "date": "2024-09-13", "close": 19.063999, "volume": 0, "typical_volume": 547.75, "trend": 19.1677, "fair_value": 18.693122, "relative_strength": -2.611192, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.081901, "energy": 12.893766, "activity_lines": [ 19.166666, 19.191873, 19.313043, 19.276703 ] }, { "date": "2024-09-20", "close": 19.063999, "volume": 0, "typical_volume": 269.45, "trend": 19.183233, "fair_value": 18.679301, "relative_strength": -2.965391, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.259294, "energy": 17.979989, "activity_lines": [ 19.124799, 19.148545, 19.284333, 19.270013 ] }, { "date": "2024-09-27", "close": 19.063999, "volume": 0, "typical_volume": 258.85, "trend": 19.198967, "fair_value": 18.665, "relative_strength": -5.388861, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.470105, "energy": 38.931425, "activity_lines": [ 19.084266, 19.124145, 19.257157, 19.26232 ] }, { "date": "2024-10-04", "close": 20.885, "volume": 2430, "typical_volume": 336.45, "trend": 19.275, "fair_value": 18.66657, "relative_strength": 7.135966, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.41045, "energy": 59.049255, "activity_lines": [ 19.670999, 19.442763, 19.404885, 19.371097 ] }, { "date": "2024-10-11", "close": 21.245001, "volume": 45, "typical_volume": 335.7, "trend": 19.355767, "fair_value": 18.662692, "relative_strength": 6.734205, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.928693, "energy": 89.743999, "activity_lines": [ 20.2766, 19.798091, 19.581276, 19.498193 ] }, { "date": "2024-10-18", "close": 20.815001, "volume": 327, "typical_volume": 304.85, "trend": 19.4214, "fair_value": 18.656314, "relative_strength": 2.093748, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.505956, "energy": 90.182496, "activity_lines": [ 20.593467, 20.032127, 19.708738, 19.592338 ] }, { "date": "2024-10-25", "close": 20.665001, "volume": 99, "typical_volume": 297.5, "trend": 19.483567, "fair_value": 18.650513, "relative_strength": 2.783985, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.958785, "energy": 86.817928, "activity_lines": [ 20.743601, 20.2072, 19.813395, 19.67257 ] }, { "date": "2024-11-01", "close": 20.0, "volume": 75, "typical_volume": 301.25, "trend": 19.5195, "fair_value": 18.640737, "relative_strength": -0.170823, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.16555, "energy": 82.409198, "activity_lines": [ 20.565334, 20.232618, 19.848048, 19.705888 ] }, { "date": "2024-11-08", "close": 20.52, "volume": 267, "typical_volume": 314.6, "trend": 19.571367, "fair_value": 18.629327, "relative_strength": 5.063264, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.775491, "energy": 56.558444, "activity_lines": [ 20.498, 20.341091, 19.928719, 19.770437 ] }, { "date": "2024-11-15", "close": 20.195, "volume": 85, "typical_volume": 303.35, "trend": 19.611867, "fair_value": 18.615641, "relative_strength": 2.325219, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.812983, "energy": 37.325539, "activity_lines": [ 20.346667, 20.369527, 19.972457, 19.810671 ] }, { "date": "2024-11-22", "close": 20.195, "volume": 55, "typical_volume": 284.15, "trend": 19.665233, "fair_value": 18.610353, "relative_strength": 4.44419, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.882296, "energy": 26.874584, "activity_lines": [ 20.265333, 20.3774, 20.013286, 19.848293 ] }, { "date": "2024-11-29", "close": 20.195, "volume": 0, "typical_volume": 274.45, "trend": 19.6922, "fair_value": 18.603782, "relative_strength": 4.666798, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.471195, "energy": 27.278054, "activity_lines": [ 20.225333, 20.364709, 20.052471, 19.882471 ] }, { "date": "2024-12-06", "close": 20.625, "volume": 60, "typical_volume": 272.75, "trend": 19.7339, "fair_value": 18.597308, "relative_strength": 2.757761, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.51955, "energy": 33.863511, "activity_lines": [ 20.36, 20.409637, 20.132181, 19.942652 ] }, { "date": "2024-12-13", "close": 20.955, "volume": 423, "typical_volume": 286.2, "trend": 19.7756, "fair_value": 18.592949, "relative_strength": 3.975547, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.140318, "energy": 48.987903, "activity_lines": [ 20.563, 20.486182, 20.23901, 20.021432 ] }, { "date": "2024-12-20", "close": 20.280001, "volume": 7860, "typical_volume": 612.95, "trend": 19.799267, "fair_value": 18.586603, "relative_strength": 3.932595, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.88116, "energy": 36.917353, "activity_lines": [ 20.512, 20.438728, 20.273691, 20.053974 ] }, { "date": "2024-12-27", "close": 20.225, "volume": 983, "typical_volume": 659.5, "trend": 19.839233, "fair_value": 18.579904, "relative_strength": 2.441674, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.426752, "energy": 33.173759, "activity_lines": [ 20.437, 20.398818, 20.296438, 20.081441 ] }, { "date": "2025-01-03", "close": 20.495001, "volume": 5269, "typical_volume": 915.75, "trend": 19.880267, "fair_value": 18.574872, "relative_strength": 3.907268, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.674686, "energy": 36.308477, "activity_lines": [ 20.450001, 20.418728, 20.33941, 20.123749 ] }, { "date": "2025-01-10", "close": 20.415001, "volume": 5448, "typical_volume": 1180.15, "trend": 19.918633, "fair_value": 18.568237, "relative_strength": 0.722701, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.026218, "energy": 21.763978, "activity_lines": [ 20.416334, 20.427182, 20.368043, 20.158248 ] }, { "date": "2025-01-17", "close": 20.32, "volume": 5446, "typical_volume": 1452.45, "trend": 19.953833, "fair_value": 18.560994, "relative_strength": -2.946107, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.698283, "energy": 19.877074, "activity_lines": [ 20.365001, 20.410819, 20.382643, 20.184142 ] }, { "date": "2025-01-24", "close": 20.32, "volume": 506, "typical_volume": 1468.9, "trend": 19.978367, "fair_value": 18.558526, "relative_strength": -2.719337, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.845958, "energy": 19.960154, "activity_lines": [ 20.356, 20.398091, 20.39271, 20.207766 ] }, { "date": "2025-01-31", "close": 20.545, "volume": 81, "typical_volume": 1472.95, "trend": 20.001533, "fair_value": 18.555032, "relative_strength": -2.322947, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.22472, "energy": 23.793426, "activity_lines": [ 20.419334, 20.424, 20.418224, 20.244323 ] }, { "date": "2025-02-07", "close": 20.594999, "volume": 1105, "typical_volume": 1528.2, "trend": 20.017867, "fair_value": 18.552115, "relative_strength": -3.529854, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.750326, "energy": 32.507273, "activity_lines": [ 20.478, 20.452636, 20.441448, 20.282611 ] }, { "date": "2025-02-14", "close": 20.655001, "volume": 183, "typical_volume": 1537.35, "trend": 20.049034, "fair_value": 18.549583, "relative_strength": -5.462597, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.208516, "energy": 41.620674, "activity_lines": [ 20.55, 20.484909, 20.463095, 20.323716 ] }, { "date": "2025-02-21", "close": 20.885, "volume": 44, "typical_volume": 1418.05, "trend": 20.101733, "fair_value": 18.551314, "relative_strength": -5.432575, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.884864, "energy": 63.140971, "activity_lines": [ 20.682667, 20.558455, 20.499072, 20.37765 ] }, { "date": "2025-02-28", "close": 20.155001, "volume": 163, "typical_volume": 1423.95, "trend": 20.144433, "fair_value": 18.556128, "relative_strength": -9.15944, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.29444, "energy": 23.148427, "activity_lines": [ 20.534334, 20.500546, 20.465524, 20.381086 ] }, { "date": "2025-03-07", "close": 19.818001, "volume": 529, "typical_volume": 1434.05, "trend": 20.1693, "fair_value": 18.561551, "relative_strength": -10.404477, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -6.896924, "energy": 9.756321, "activity_lines": [ 20.284667, 20.383637, 20.405072, 20.360026 ] }, { "date": "2025-03-14", "close": 19.504, "volume": 35, "typical_volume": 1430.85, "trend": 20.1833, "fair_value": 18.570462, "relative_strength": -11.817536, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.22266, "energy": 45.892513, "activity_lines": [ 19.978801, 20.217037, 20.319462, 20.317103 ] }, { "date": "2025-03-21", "close": 20.004999, "volume": 38, "typical_volume": 1429.0, "trend": 20.204533, "fair_value": 18.582583, "relative_strength": -10.325879, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.968056, "energy": 48.637833, "activity_lines": [ 19.912667, 20.159546, 20.287095, 20.3056 ] }, { "date": "2025-03-28", "close": 20.059999, "volume": 50, "typical_volume": 1418.15, "trend": 20.2276, "fair_value": 18.585135, "relative_strength": -9.319202, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.82413, "energy": 59.032512, "activity_lines": [ 19.9082, 20.119509, 20.259943, 20.296275 ] }, { "date": "2025-04-04", "close": 18.846001, "volume": 421, "typical_volume": 1434.95, "trend": 20.220333, "fair_value": 18.579904, "relative_strength": -4.710887, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -90.120028, "energy": 86.053701, "activity_lines": [ 19.554067, 19.863473, 20.119362, 20.20714 ] }, { "date": "2025-04-11", "close": 17.618, "volume": 1507, "typical_volume": 1507.55, "trend": 20.172133, "fair_value": 18.566801, "relative_strength": -9.159825, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.123524, "energy": 93.96635, "activity_lines": [ 18.877867, 19.410964, 19.868253, 20.039247 ] }, { "date": "2025-04-18", "close": 18.1, "volume": 12171, "typical_volume": 2116.1, "trend": 20.14, "fair_value": 18.556788, "relative_strength": -11.569243, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.253605, "energy": 92.495916, "activity_lines": [ 18.509, 19.099309, 19.675319, 19.905561 ] }, { "date": "2025-04-25", "close": 18.546, "volume": 4595, "typical_volume": 2342.85, "trend": 20.122734, "fair_value": 18.549635, "relative_strength": -12.572236, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.301614, "energy": 86.903058, "activity_lines": [ 18.3824, 18.914109, 19.534838, 19.802723 ] }, { "date": "2025-05-02", "close": 18.902, "volume": 1055, "typical_volume": 2374.45, "trend": 20.056634, "fair_value": 18.544763, "relative_strength": -12.926758, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.007602, "energy": 84.659443, "activity_lines": [ 18.471733, 18.831982, 19.438162, 19.723966 ] }, { "date": "2025-05-09", "close": 19.382, "volume": 634, "typical_volume": 2013.15, "trend": 19.994534, "fair_value": 18.551353, "relative_strength": -12.881334, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.488653, "energy": 50.524328, "activity_lines": [ 18.798267, 18.873182, 19.396976, 19.680441 ] }, { "date": "2025-05-16", "close": 20.33, "volume": 88, "typical_volume": 1968.4, "trend": 19.978367, "fair_value": 18.563609, "relative_strength": -11.339994, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -13.841959, "energy": 18.730827, "activity_lines": [ 19.405067, 19.1008, 19.450352, 19.702084 ] }, { "date": "2025-05-23", "close": 20.084999, "volume": 250, "typical_volume": 1717.45, "trend": 19.959033, "fair_value": 18.574295, "relative_strength": -9.607336, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.444611, "energy": 25.242991, "activity_lines": [ 19.7494, 19.274563, 19.479895, 19.708963 ] }, { "date": "2025-05-30", "close": 19.818001, "volume": 286, "typical_volume": 1459.35, "trend": 19.952967, "fair_value": 18.580756, "relative_strength": -11.998553, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.266884, "energy": 30.524588, "activity_lines": [ 19.8724, 19.389218, 19.485962, 19.699865 ] }, { "date": "2025-06-06", "close": 19.618, "volume": 43, "typical_volume": 1189.2, "trend": 19.9229, "fair_value": 18.586295, "relative_strength": -13.777263, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.567548, "energy": 27.652514, "activity_lines": [ 19.843933, 19.470909, 19.475824, 19.678254 ] }, { "date": "2025-06-13", "close": 20.375, "volume": 34, "typical_volume": 1165.6, "trend": 19.9289, "fair_value": 18.596686, "relative_strength": -7.577564, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.643473, "energy": 30.933432, "activity_lines": [ 20.020067, 19.698273, 19.541124, 19.707422 ] }, { "date": "2025-06-20", "close": 20.375, "volume": 0, "typical_volume": 1161.55, "trend": 19.9349, "fair_value": 18.608551, "relative_strength": -6.898625, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.141284, "energy": 37.438876, "activity_lines": [ 20.13, 19.897836, 19.606162, 19.736202 ] }, { "date": "2025-06-27", "close": 20.5, "volume": 36, "typical_volume": 1108.1, "trend": 19.945067, "fair_value": 18.622731, "relative_strength": -7.292604, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.611058, "energy": 43.341043, "activity_lines": [ 20.2786, 20.07, 19.683914, 19.77266 ] }, { "date": "2025-07-04", "close": 20.365, "volume": 6405, "typical_volume": 1419.2, "trend": 19.9364, "fair_value": 18.636045, "relative_strength": -7.400002, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.939336, "energy": 52.694277, "activity_lines": [ 20.354533, 20.173982, 19.749262, 19.799753 ] }, { "date": "2025-07-11", "close": 20.415001, "volume": 5284, "typical_volume": 1681.2, "trend": 19.9184, "fair_value": 18.648615, "relative_strength": -7.999297, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.662544, "energy": 58.5679, "activity_lines": [ 20.410667, 20.253982, 19.820752, 19.83063 ] }, { "date": "2025-07-18", "close": 20.969999, "volume": 5349, "typical_volume": 1940.5, "trend": 19.9414, "fair_value": 18.664744, "relative_strength": -5.863162, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.73791, "energy": 74.692366, "activity_lines": [ 20.598667, 20.407382, 19.947338, 19.898475 ] }, { "date": "2025-07-25", "close": 20.865, "volume": 5209, "typical_volume": 2174.5, "trend": 19.962733, "fair_value": 18.680199, "relative_strength": -7.097226, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.773799, "energy": 74.773377, "activity_lines": [ 20.712, 20.512818, 20.060043, 19.958062 ] }, { "date": "2025-08-01", "close": 21.120001, "volume": 620, "typical_volume": 2203.75, "trend": 19.983567, "fair_value": 18.697288, "relative_strength": -3.914976, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.089776, "energy": 89.302514, "activity_lines": [ 20.877667, 20.654891, 20.192048, 20.032725 ] }, { "date": "2025-08-08", "close": 20.940001, "volume": 89, "typical_volume": 2206.3, "trend": 20.001067, "fair_value": 18.713224, "relative_strength": -8.270254, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.282484, "energy": 85.633348, "activity_lines": [ 20.942001, 20.745419, 20.299214, 20.09443 ] }, { "date": "2025-08-15", "close": 21.065001, "volume": 46, "typical_volume": 2206.1, "trend": 20.0259, "fair_value": 18.724577, "relative_strength": -9.685818, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.174913, "energy": 88.09947, "activity_lines": [ 21.009667, 20.838273, 20.413834, 20.163071 ] }, { "date": "2025-08-22", "close": 21.235001, "volume": 266, "typical_volume": 2198.35, "trend": 20.0564, "fair_value": 18.735968, "relative_strength": -10.066261, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.182389, "energy": 90.263901, "activity_lines": [ 21.090668, 20.935728, 20.539857, 20.241078 ] }, { "date": "2025-08-29", "close": 21.084999, "volume": 2398, "typical_volume": 2242.9, "trend": 20.0744, "fair_value": 18.750128, "relative_strength": -8.137361, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.803684, "energy": 82.959403, "activity_lines": [ 21.104, 20.990273, 20.640219, 20.307439 ] }, { "date": "2025-09-05", "close": 21.275, "volume": 181, "typical_volume": 1643.4, "trend": 20.097067, "fair_value": 18.765506, "relative_strength": -5.795429, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.767512, "energy": 81.715771, "activity_lines": [ 21.166, 21.066455, 20.742167, 20.384897 ] }, { "date": "2025-09-12", "close": 21.545, "volume": 43, "typical_volume": 1415.8, "trend": 20.126733, "fair_value": 18.782615, "relative_strength": -6.542456, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.081504, "energy": 89.316586, "activity_lines": [ 21.307667, 21.177637, 20.85471, 20.478312 ] }, { "date": "2025-09-19", "close": 22.219999, "volume": 401, "typical_volume": 1383.1, "trend": 20.171233, "fair_value": 18.804051, "relative_strength": -2.89962, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.530432, "energy": 92.071591, "activity_lines": [ 21.634, 21.390091, 21.017257, 20.613361 ] }, { "date": "2025-09-26", "close": 22.129999, "volume": 165, "typical_volume": 1359.65, "trend": 20.237067, "fair_value": 18.836564, "relative_strength": -3.947704, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.790563, "energy": 93.075032, "activity_lines": [ 21.853333, 21.553363, 21.155433, 20.739733 ] }, { "date": "2025-10-03", "close": 22.764999, "volume": 89, "typical_volume": 1359.7, "trend": 20.3353, "fair_value": 18.871083, "relative_strength": -2.257465, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.385929, "energy": 97.532374, "activity_lines": [ 22.224666, 21.811, 21.341, 20.902826 ] }, { "date": "2025-10-10", "close": 22.440001, "volume": 342, "typical_volume": 1364.3, "trend": 20.433167, "fair_value": 18.906135, "relative_strength": -0.576449, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.239737, "energy": 85.272651, "activity_lines": [ 22.375666, 21.975, 21.484019, 21.038613 ] }, { "date": "2025-10-17", "close": 22.860001, "volume": 87, "typical_volume": 1354.35, "trend": 20.528333, "fair_value": 18.943468, "relative_strength": 2.148212, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.529203, "energy": 86.817253, "activity_lines": [ 22.589, 22.191364, 21.655824, 21.195183 ] }, { "date": "2025-10-24", "close": 23.334999, "volume": 103, "typical_volume": 1357.35, "trend": 20.6375, "fair_value": 18.989013, "relative_strength": 2.647376, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.940267, "energy": 85.457636, "activity_lines": [ 22.873, 22.459182, 21.858381, 21.376258 ] }, { "date": "2025-10-31", "close": 23.700001, "volume": 814, "typical_volume": 1396.35, "trend": 20.7993, "fair_value": 19.034667, "relative_strength": 2.694435, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.162954, "energy": 76.869174, "activity_lines": [ 23.204334, 22.752091, 22.078, 21.573839 ] }, { "date": "2025-11-07", "close": 23.469999, "volume": 684, "typical_volume": 1430.55, "trend": 20.994367, "fair_value": 19.078846, "relative_strength": 2.52789, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.112969, "energy": 71.228771, "activity_lines": [ 23.354333, 22.958363, 22.259881, 21.746142 ] }, { "date": "2025-11-14", "close": 23.450001, "volume": 2681, "typical_volume": 1562.8, "trend": 21.1727, "fair_value": 19.113974, "relative_strength": 0.140821, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.277403, "energy": 68.200974, "activity_lines": [ 23.450667, 23.117636, 22.425119, 21.90457 ] }, { "date": "2025-11-21", "close": 22.615, "volume": 1, "typical_volume": 1242.6, "trend": 21.308333, "fair_value": 19.14375, "relative_strength": -0.144669, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.532676, "energy": 64.744572, "activity_lines": [ 23.201333, 23.085546, 22.496786, 21.997622 ] }, { "date": "2025-11-28", "close": 23.055, "volume": 1011, "typical_volume": 1028.95, "trend": 21.446767, "fair_value": 19.17818, "relative_strength": 0.430539, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.098756, "energy": 54.392966, "activity_lines": [ 23.115, 23.114, 22.599643, 22.11031 ] }, { "date": "2025-12-05", "close": 23.32, "volume": 49, "typical_volume": 763.95, "trend": 21.578033, "fair_value": 19.214705, "relative_strength": 1.616079, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.536309, "energy": 47.959618, "activity_lines": [ 23.135667, 23.175455, 22.715167, 22.231163 ] }, { "date": "2025-12-12", "close": 23.245001, "volume": 158, "typical_volume": 511.4, "trend": 21.6752, "fair_value": 19.25075, "relative_strength": 1.345732, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.956849, "energy": 41.043425, "activity_lines": [ 23.156667, 23.201637, 22.812357, 22.33871 ] }, { "date": "2025-12-19", "close": 22.844999, "volume": 2223, "typical_volume": 591.55, "trend": 21.7672, "fair_value": 19.284231, "relative_strength": -2.846867, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.193337, "energy": 39.164568, "activity_lines": [ 23.059333, 23.146364, 22.860119, 22.414181 ] }, { "date": "2025-12-26", "close": 23.1, "volume": 437, "typical_volume": 608.95, "trend": 21.8766, "fair_value": 19.320782, "relative_strength": -1.16145, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.13192, "energy": 36.618395, "activity_lines": [ 23.087333, 23.130091, 22.923952, 22.500168 ] }, { "date": "2026-01-02", "close": 24.08, "volume": 2397, "typical_volume": 726.5, "trend": 22.025333, "fair_value": 19.363615, "relative_strength": 1.550347, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 82.10034, "energy": 56.335172, "activity_lines": [ 23.409667, 23.287636, 23.070833, 22.642323 ] }, { "date": "2026-01-09", "close": 24.35, "volume": 7692, "typical_volume": 1097.8, "trend": 22.157833, "fair_value": 19.403372, "relative_strength": 2.098896, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.321826, "energy": 68.105718, "activity_lines": [ 23.753667, 23.480727, 23.229071, 22.792301 ] }, { "date": "2026-01-16", "close": 24.969999, "volume": 1896, "typical_volume": 1072.7, "trend": 22.311, "fair_value": 19.447103, "relative_strength": 4.571492, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.877948, "energy": 93.724518, "activity_lines": [ 24.235666, 23.774727, 23.431524, 22.973731 ] }, { "date": "2026-01-23", "close": 24.754999, "volume": 2583, "typical_volume": 1192.8, "trend": 22.452833, "fair_value": 19.489455, "relative_strength": 5.945244, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.791537, "energy": 90.36648, "activity_lines": [ 24.530999, 24.002363, 23.595, 23.131408 ] }, { "date": "2026-01-30", "close": 24.77, "volume": 628, "typical_volume": 1222.05, "trend": 22.599667, "fair_value": 19.530891, "relative_strength": 4.465286, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.852214, "energy": 88.578605, "activity_lines": [ 24.704, 24.209, 23.743333, 23.280903 ] }, { "date": "2026-02-06", "close": 24.950001, "volume": 192, "typical_volume": 1211.6, "trend": 22.750833, "fair_value": 19.575301, "relative_strength": 4.467695, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.983259, "energy": 86.652821, "activity_lines": [ 24.825667, 24.409182, 23.893452, 23.432538 ] }, { "date": "2026-02-13", "close": 25.285, "volume": 690, "typical_volume": 1237.85, "trend": 22.894667, "fair_value": 19.621308, "relative_strength": 6.859605, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.407146, "energy": 71.14486, "activity_lines": [ 25.001, 24.635818, 24.062476, 23.596032 ] }, { "date": "2026-02-20", "close": 26.105, "volume": 1554, "typical_volume": 1311.1, "trend": 23.069333, "fair_value": 19.672571, "relative_strength": 7.779233, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.737751, "energy": 84.101147, "activity_lines": [ 25.387333, 24.975818, 24.294571, 23.80315 ] }, { "date": "2026-02-27", "close": 26.120001, "volume": 479, "typical_volume": 1317.95, "trend": 23.236, "fair_value": 19.723929, "relative_strength": 6.032977, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.851626, "energy": 84.20094, "activity_lines": [ 25.703, 25.266546, 24.512191, 23.999968 ] }, { "date": "2026-03-06", "close": 24.545, "volume": 1361, "typical_volume": 1381.65, "trend": 23.356167, "fair_value": 19.76909, "relative_strength": 6.374167, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.809567, "energy": 60.147105, "activity_lines": [ 25.402667, 25.211364, 24.562286, 24.084419 ] }, { "date": "2026-03-13", "close": 24.48, "volume": 90, "typical_volume": 1381.0, "trend": 23.47, "fair_value": 19.818205, "relative_strength": 5.511809, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.250202, "energy": 43.838296, "activity_lines": [ 25.095667, 25.118091, 24.598167, 24.156925 ] }, { "date": "2026-03-20", "close": 24.02, "volume": 2555, "typical_volume": 1468.05, "trend": 23.562833, "fair_value": 19.864795, "relative_strength": 6.90675, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.263592, "energy": 20.249764, "activity_lines": [ 24.666667, 24.933909, 24.584786, 24.192409 ] }, { "date": "2026-03-27", "close": 24.48, "volume": 283, "typical_volume": 1448.0, "trend": 23.676, "fair_value": 19.914333, "relative_strength": 7.419634, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.738455, "energy": 26.721964, "activity_lines": [ 24.475333, 24.839364, 24.613691, 24.251581 ] }, { "date": "2026-04-03", "close": 24.004999, "volume": 93, "typical_volume": 1318.6, "trend": 23.767, "fair_value": 19.960827, "relative_strength": 0.215125, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.780503, "energy": 21.489859, "activity_lines": [ 24.234, 24.667364, 24.592548, 24.272806 ] }, { "date": "2026-04-10", "close": 25.469999, "volume": 166, "typical_volume": 1326.85, "trend": 23.897833, "fair_value": 20.014019, "relative_strength": 1.835752, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.031746, "energy": 22.722584, "activity_lines": [ 24.621999, 24.775363, 24.708286, 24.382677 ] }, { "date": "2026-04-17", "close": 26.780001, "volume": 1871, "typical_volume": 1369.85, "trend": 24.049833, "fair_value": 20.076404, "relative_strength": 4.14147, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.279706, "energy": 45.034343, "activity_lines": [ 25.385, 25.108818, 24.93519, 24.568624 ] }, { "date": "2026-04-24", "close": 26.705, "volume": 945, "typical_volume": 1414.65, "trend": 24.202333, "fair_value": 20.140923, "relative_strength": 6.245405, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.254385, "energy": 72.284464, "activity_lines": [ 25.969667, 25.395364, 25.137214, 24.739925 ] }, { "date": "2026-05-01", "close": 26.485001, "volume": 559, "typical_volume": 1434.7, "trend": 24.326333, "fair_value": 20.20366, "relative_strength": 3.87027, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.616877, "energy": 77.611101, "activity_lines": [ 26.302, 25.616091, 25.302167, 24.887194 ] }, { "date": "2026-05-08", "close": 28.254999, "volume": 15158, "typical_volume": 2081.45, "trend": 24.520167, "fair_value": 20.276423, "relative_strength": 8.146363, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.889751, "energy": 90.10978, "activity_lines": [ 27.090667, 26.151727, 25.620262, 25.140656 ] }, { "date": "2026-05-15", "close": 27.639999, "volume": 3926, "typical_volume": 2255.9, "trend": 24.6795, "fair_value": 20.345244, "relative_strength": 5.926267, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.619925, "energy": 85.312555, "activity_lines": [ 27.391, 26.536727, 25.854024, 25.341935 ] }, { "date": "2026-05-22", "close": 27.775, "volume": 292, "typical_volume": 2150.65, "trend": 24.8275, "fair_value": 20.414929, "relative_strength": 5.395343, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.90768, "energy": 82.040057, "activity_lines": [ 27.591666, 26.89, 26.079024, 25.541645 ] }, { "date": "2026-05-29", "close": 29.02, "volume": 479, "typical_volume": 1790.0, "trend": 25.004833, "fair_value": 20.487801, "relative_strength": 8.626099, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.147414, "energy": 88.12684, "activity_lines": [ 28.141, 27.409727, 26.405, 25.812129 ] }, { "date": "2026-06-05", "close": 28.280001, "volume": 245, "typical_volume": 1707.45, "trend": 25.165167, "fair_value": 20.555929, "relative_strength": 5.842854, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.69126, "energy": 74.814758, "activity_lines": [ 28.289333, 27.704, 26.638262, 26.02343 ] }, { "date": "2026-06-12", "close": 28.879999, "volume": 57, "typical_volume": 1581.15, "trend": 25.346167, "fair_value": 20.627904, "relative_strength": 4.55586, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.009471, "energy": 76.041736, "activity_lines": [ 28.518, 28.038273, 26.912905, 26.263097 ] }, { "date": "2026-06-19", "close": 30.25, "volume": 110, "typical_volume": 1555.25, "trend": 25.600667, "fair_value": 20.706417, "relative_strength": 6.511589, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.861032, "energy": 89.745299, "activity_lines": [ 29.161667, 28.533, 27.298381, 26.579473 ] }, { "date": "2026-06-26", "close": 29.18, "volume": 28, "typical_volume": 1547.05, "trend": 25.804833, "fair_value": 20.781712, "relative_strength": 5.716773, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.39895, "energy": 74.079471, "activity_lines": [ 29.274667, 28.746273, 27.555857, 26.810398 ] }, { "date": "2026-07-03", "close": 29.195, "volume": 593, "typical_volume": 1542.2, "trend": 26.000667, "fair_value": 20.858295, "relative_strength": 2.517296, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.085515, "energy": 68.698286, "activity_lines": [ 29.299, 28.918636, 27.794619, 27.029118 ] }, { "date": "2026-07-10", "close": 28.83, "volume": 452, "typical_volume": 1487.1, "trend": 26.186833, "fair_value": 20.929128, "relative_strength": 1.490429, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.001129, "energy": 60.435135, "activity_lines": [ 29.19, 28.979364, 27.98, 27.211656 ] }, { "date": "2026-07-17", "close": 27.27, "volume": 196, "typical_volume": 1472.95, "trend": 26.334333, "fair_value": 20.991333, "relative_strength": -2.66561, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.460322, "energy": 35.142272, "activity_lines": [ 28.524333, 28.713818, 28.003833, 27.281538 ] }, { "date": "2026-07-24", "close": 27.594999, "volume": 242, "typical_volume": 1417.0, "trend": 26.484167, "fair_value": 21.050878, "relative_strength": -1.425013, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.703728, "energy": 25.280848, "activity_lines": [ 28.074333, 28.525273, 28.053143, 27.362871 ] }, { "date": "2026-07-31", "close": 27.190001, "volume": 214, "typical_volume": 1423.2, "trend": 26.587833, "fair_value": 21.109314, "relative_strength": -3.536326, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.833173, "energy": 24.926396, "activity_lines": [ 27.666333, 28.263909, 28.049357, 27.408409 ] }, { "date": "2026-08-07", "close": 27.875, "volume": 1546, "typical_volume": 1372.75, "trend": 26.705333, "fair_value": 21.172167, "relative_strength": -4.002795, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.156606, "energy": 26.718466, "activity_lines": [ 27.619333, 28.137727, 28.097905, 27.491452 ] } ], "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." } } }