{ "ticker": { "uuid": "40660378-1e27-4d78-a444-fe53f948902c", "symbol": "CRUD", "name": "WisdomTree WTI Crude Oil", "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": 94.272, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 34.089, "architecture_energy": 28.448, "architecture_maturity": 36.751, "architecture_confidence": 55.041, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 41.98, "rotation_up": 58.48, "upward_expansion": 66.77, "deceleration": 64.35, "rotation_down": 13.88, "downward_expansion": 12.44 }, "activity_lines": [ 12.4276, 12.110945, 12.326495, 12.109652 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 12.042, "trend_reference": 11.410467, "distance_from_trend": 0.055347, "trend_direction": "Improving", "fair_value": 9.302865, "distance_from_fair_value": 0.29444, "fair_value_direction": "Weakening", "relative_strength": 5.080346, "relative_strength_direction": "Weakening", "price_momentum": 0.436821, "excess_performance": 0.26593, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.055347, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.146431, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.29444, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.136916, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.050803, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.219961, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.436821, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.617221, "read": "Supply-led" } ], "volume": { "latest": 5152246, "relative_activity": 1.350238, "balance": 0.617221, "dry_up": 1.139268, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.081165, "annualized_volatility": 0.531183, "from_high_reference": -0.171232, "from_low_reference": 0.667867 }, "levels": { "trend_reference": 11.410467, "fair_value_reference": 9.302865, "structural_low": 8.116, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 14, "median_return": 0.04795, "positive_rate": 0.642857, "directional_follow_through": 0.642857, "median_excess_return": 0.046912, "regime_survival": 0.428571, "best_return": 0.206218, "worst_return": -0.068331, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.011273, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.011177, "regime_survival": 0.0, "best_return": 0.634834, "worst_return": -0.185127, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.02469, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.111487, "regime_survival": 0.166667, "best_return": 0.503563, "worst_return": -0.151014, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.030024, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.214376, "regime_survival": 0.25, "best_return": 0.977718, "worst_return": -0.109318, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-02", "end": "2024-08-16", "tenure": "New", "return": 0.035072, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-23", "end": "2024-08-30", "tenure": "New", "return": -0.000789, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-06", "end": "2024-11-08", "tenure": "Developing", "return": 0.096727, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-15", "end": "2025-01-03", "tenure": "Developing", "return": 0.105204, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-10", "end": "2025-01-17", "tenure": "New", "return": 0.018139, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-24", "end": "2025-02-14", "tenure": "New", "return": -0.033567, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-21", "end": "2025-03-14", "tenure": "New", "return": -0.094748, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-04-18", "tenure": "Developing", "return": -0.112302, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-06-20", "tenure": "Developing", "return": 0.153592, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-12-05", "tenure": "Established", "return": -0.008652, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-12", "end": "2026-01-30", "tenure": "Developing", "return": 0.134122, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-06", "end": "2026-02-27", "tenure": "New", "return": 0.045221, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-06", "end": "2026-06-19", "tenure": "Established", "return": 0.167258, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.107616, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 8.775, "volume": 268512, "typical_volume": 827125.0, "trend": 8.1005, "fair_value": 6.958103, "relative_strength": -6.261432, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 68.901025, "energy": 81.104951, "activity_lines": [ 8.753133, 8.437545, 8.161476, 8.107452 ] }, { "date": "2023-08-25", "close": 8.792, "volume": 669771, "typical_volume": 811723.5, "trend": 8.1092, "fair_value": 6.992811, "relative_strength": -6.793326, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.125334, "energy": 79.575812, "activity_lines": [ 8.803733, 8.5484, 8.229414, 8.152065 ] }, { "date": "2023-09-01", "close": 9.29, "volume": 966604, "typical_volume": 833889.3, "trend": 8.150767, "fair_value": 7.031904, "relative_strength": -2.397517, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.87357, "energy": 87.537174, "activity_lines": [ 8.9764, 8.729236, 8.343362, 8.228245 ] }, { "date": "2023-09-08", "close": 9.68, "volume": 1030660, "typical_volume": 872766.85, "trend": 8.186167, "fair_value": 7.074888, "relative_strength": 3.670638, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.220149, "energy": 92.835712, "activity_lines": [ 9.229667, 8.948564, 8.491452, 8.326905 ] }, { "date": "2023-09-15", "close": 10.026, "volume": 591471, "typical_volume": 886763.8, "trend": 8.244933, "fair_value": 7.118494, "relative_strength": 5.432702, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.984369, "energy": 95.399208, "activity_lines": [ 9.5386, 9.194291, 8.665538, 8.445604 ] }, { "date": "2023-09-22", "close": 9.984, "volume": 1102100, "typical_volume": 877650.35, "trend": 8.300633, "fair_value": 7.162071, "relative_strength": 6.632613, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.513292, "energy": 92.90127, "activity_lines": [ 9.7624, 9.3926, 8.826019, 8.557802 ] }, { "date": "2023-09-29", "close": 10.08, "volume": 343759, "typical_volume": 787360.5, "trend": 8.349633, "fair_value": 7.207609, "relative_strength": 9.426578, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.980973, "energy": 91.258634, "activity_lines": [ 9.9376, 9.571273, 8.983771, 8.6726 ] }, { "date": "2023-10-06", "close": 9.192, "volume": 625165, "typical_volume": 734869.05, "trend": 8.3782, "fair_value": 7.246016, "relative_strength": 2.281131, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.942913, "energy": 65.399912, "activity_lines": [ 9.730933, 9.553091, 9.04491, 8.726946 ] }, { "date": "2023-10-13", "close": 9.79, "volume": 1116781, "typical_volume": 759139.3, "trend": 8.460233, "fair_value": 7.28825, "relative_strength": 8.026119, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.045802, "energy": 59.451234, "activity_lines": [ 9.730133, 9.631945, 9.155971, 8.81803 ] }, { "date": "2023-10-20", "close": 10.138, "volume": 585517, "typical_volume": 753859.75, "trend": 8.5515, "fair_value": 7.333228, "relative_strength": 15.946147, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.936113, "energy": 60.624145, "activity_lines": [ 9.838, 9.7558, 9.29151, 8.926273 ] }, { "date": "2023-10-27", "close": 9.634, "volume": 841241, "typical_volume": 716769.85, "trend": 8.605967, "fair_value": 7.377019, "relative_strength": 10.986604, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.208629, "energy": 45.234517, "activity_lines": [ 9.7704, 9.766582, 9.368033, 8.996112 ] }, { "date": "2023-11-03", "close": 9.311, "volume": 715321, "typical_volume": 689222.75, "trend": 8.6332, "fair_value": 7.418179, "relative_strength": 2.780128, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.230133, "energy": 38.339692, "activity_lines": [ 9.618467, 9.703018, 9.405133, 9.041598 ] }, { "date": "2023-11-10", "close": 8.955, "volume": 591347, "typical_volume": 685744.3, "trend": 8.643033, "fair_value": 7.455612, "relative_strength": -0.091878, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.763428, "energy": 20.979164, "activity_lines": [ 9.399133, 9.565291, 9.400471, 9.062359 ] }, { "date": "2023-11-17", "close": 8.617, "volume": 767983, "typical_volume": 690223.15, "trend": 8.6563, "fair_value": 7.49041, "relative_strength": -6.745786, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.640999, "energy": 18.581698, "activity_lines": [ 9.082933, 9.3722, 9.356724, 9.06068 ] }, { "date": "2023-11-24", "close": 8.818, "volume": 1333036, "typical_volume": 734750.15, "trend": 8.683267, "fair_value": 7.525064, "relative_strength": -4.060364, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.346698, "energy": 22.534223, "activity_lines": [ 8.911933, 9.234982, 9.327619, 9.071112 ] }, { "date": "2023-12-01", "close": 8.776, "volume": 1211778, "typical_volume": 764402.45, "trend": 8.7261, "fair_value": 7.559487, "relative_strength": -5.709024, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.670591, "energy": 25.544376, "activity_lines": [ 8.814933, 9.112091, 9.289848, 9.077095 ] }, { "date": "2023-12-08", "close": 8.323, "volume": 1013396, "typical_volume": 800353.9, "trend": 8.751833, "fair_value": 7.590679, "relative_strength": -11.687712, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.201032, "energy": 40.736529, "activity_lines": [ 8.624133, 8.9288, 9.204971, 9.051088 ] }, { "date": "2023-12-15", "close": 8.27, "volume": 719646, "typical_volume": 795184.65, "trend": 8.7703, "fair_value": 7.620673, "relative_strength": -11.798559, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.253604, "energy": 54.914821, "activity_lines": [ 8.481533, 8.767818, 9.114143, 9.020002 ] }, { "date": "2023-12-22", "close": 8.418, "volume": 688859, "typical_volume": 789914.75, "trend": 8.785233, "fair_value": 7.651949, "relative_strength": -9.688692, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.285651, "energy": 45.793091, "activity_lines": [ 8.433933, 8.650509, 9.038738, 8.997273 ] }, { "date": "2023-12-29", "close": 8.209, "volume": 448397, "typical_volume": 781567.2, "trend": 8.798033, "fair_value": 7.682179, "relative_strength": -11.435984, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.817253, "energy": 50.918708, "activity_lines": [ 8.329933, 8.520145, 8.945176, 8.960097 ] }, { "date": "2024-01-05", "close": 8.449, "volume": 979713, "typical_volume": 817127.25, "trend": 8.819167, "fair_value": 7.712295, "relative_strength": -8.844159, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.483522, "energy": 41.080187, "activity_lines": [ 8.346533, 8.468491, 8.878043, 8.937578 ] }, { "date": "2024-01-12", "close": 8.362, "volume": 1300581, "typical_volume": 848667.75, "trend": 8.842533, "fair_value": 7.74125, "relative_strength": -9.558238, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.439858, "energy": 32.070135, "activity_lines": [ 8.355933, 8.422564, 8.804176, 8.908084 ] }, { "date": "2024-01-19", "close": 8.447, "volume": 917062, "typical_volume": 846190.65, "trend": 8.873867, "fair_value": 7.770939, "relative_strength": -7.745975, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.485251, "energy": 28.051211, "activity_lines": [ 8.391067, 8.409345, 8.740452, 8.882566 ] }, { "date": "2024-01-26", "close": 8.802, "volume": 738294, "typical_volume": 831572.35, "trend": 8.911533, "fair_value": 7.802808, "relative_strength": -3.968105, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -39.669797, "energy": 23.299303, "activity_lines": [ 8.532733, 8.469909, 8.714552, 8.877929 ] }, { "date": "2024-02-02", "close": 8.421, "volume": 1192828, "typical_volume": 861640.2, "trend": 8.930967, "fair_value": 7.829926, "relative_strength": -8.997927, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.285244, "energy": 22.703217, "activity_lines": [ 8.5218, 8.457836, 8.656548, 8.846282 ] }, { "date": "2024-02-09", "close": 8.867, "volume": 703692, "typical_volume": 841719.8, "trend": 8.961733, "fair_value": 7.859064, "relative_strength": -5.335244, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.741975, "energy": 18.194312, "activity_lines": [ 8.6454, 8.534073, 8.648662, 8.842155 ] }, { "date": "2024-02-16", "close": 9.017, "volume": 733940, "typical_volume": 861228.85, "trend": 8.9912, "fair_value": 7.888949, "relative_strength": -5.398998, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.336267, "energy": 16.624143, "activity_lines": [ 8.791133, 8.635927, 8.660381, 8.84572 ] }, { "date": "2024-02-23", "close": 8.891, "volume": 520369, "typical_volume": 855989.05, "trend": 9.0026, "fair_value": 7.916696, "relative_strength": -9.274936, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.064573, "energy": 13.575056, "activity_lines": [ 8.8512, 8.702255, 8.665162, 8.839256 ] }, { "date": "2024-03-01", "close": 9.214, "volume": 523159, "typical_volume": 826307.95, "trend": 9.0169, "fair_value": 7.944369, "relative_strength": -6.466136, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.634201, "energy": 20.707667, "activity_lines": [ 8.989333, 8.816018, 8.702138, 8.852895 ] }, { "date": "2024-03-08", "close": 8.902, "volume": 715173, "typical_volume": 832790.75, "trend": 9.015, "fair_value": 7.96984, "relative_strength": -10.680746, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.848, "energy": 19.788129, "activity_lines": [ 8.996, 8.858582, 8.712143, 8.845482 ] }, { "date": "2024-03-15", "close": 9.323, "volume": 1013913, "typical_volume": 841424.35, "trend": 9.033267, "fair_value": 8.000128, "relative_strength": -7.858, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.968689, "energy": 41.627023, "activity_lines": [ 9.110933, 8.965091, 8.768129, 8.865353 ] }, { "date": "2024-03-22", "close": 9.406, "volume": 671349, "typical_volume": 839225.75, "trend": 9.053733, "fair_value": 8.030561, "relative_strength": -8.060499, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.770912, "energy": 49.39101, "activity_lines": [ 9.223133, 9.0708, 8.8335, 8.8894 ] }, { "date": "2024-03-29", "close": 9.605, "volume": 491749, "typical_volume": 834245.85, "trend": 9.064233, "fair_value": 8.062808, "relative_strength": -7.100423, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.681069, "energy": 53.69938, "activity_lines": [ 9.375733, 9.193709, 8.917371, 8.924966 ] }, { "date": "2024-04-05", "close": 10.074, "volume": 710769, "typical_volume": 831385.15, "trend": 9.077367, "fair_value": 8.098458, "relative_strength": -0.344597, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.439579, "energy": 73.363813, "activity_lines": [ 9.637067, 9.380836, 9.042814, 8.990112 ] }, { "date": "2024-04-12", "close": 10.28, "volume": 649294, "typical_volume": 797198.05, "trend": 9.085833, "fair_value": 8.133939, "relative_strength": 2.478533, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.017186, "energy": 79.985597, "activity_lines": [ 9.909733, 9.582291, 9.180938, 9.067701 ] }, { "date": "2024-04-19", "close": 9.798, "volume": 738731, "typical_volume": 773545.7, "trend": 9.079633, "fair_value": 8.167144, "relative_strength": -2.734847, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.392615, "energy": 80.920762, "activity_lines": [ 9.929867, 9.662309, 9.266195, 9.113647 ] }, { "date": "2024-04-26", "close": 9.985, "volume": 314496, "typical_volume": 738600.7, "trend": 9.076467, "fair_value": 8.200788, "relative_strength": -1.800694, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.673357, "energy": 80.912319, "activity_lines": [ 9.980667, 9.7594, 9.364395, 9.172058 ] }, { "date": "2024-05-03", "close": 9.345, "volume": 540232, "typical_volume": 729630.0, "trend": 9.081567, "fair_value": 8.229833, "relative_strength": -6.421885, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.321861, "energy": 49.562478, "activity_lines": [ 9.779533, 9.722527, 9.393729, 9.189383 ] }, { "date": "2024-05-10", "close": 9.396, "volume": 992918, "typical_volume": 744832.95, "trend": 9.068433, "fair_value": 8.259045, "relative_strength": -8.672464, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.813844, "energy": 29.43185, "activity_lines": [ 9.612733, 9.686673, 9.4228, 9.209669 ] }, { "date": "2024-05-17", "close": 9.4, "volume": 964966, "typical_volume": 770661.4, "trend": 9.043833, "fair_value": 8.289048, "relative_strength": -10.46268, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.142995, "energy": 25.05565, "activity_lines": [ 9.492467, 9.648236, 9.447595, 9.23106 ] }, { "date": "2024-05-24", "close": 9.207, "volume": 523478, "typical_volume": 747849.65, "trend": 9.0296, "fair_value": 8.316381, "relative_strength": -9.808578, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.676783, "energy": 26.778545, "activity_lines": [ 9.366533, 9.565655, 9.448338, 9.241587 ] }, { "date": "2024-05-31", "close": 9.242, "volume": 722162, "typical_volume": 718928.7, "trend": 9.0273, "fair_value": 8.342843, "relative_strength": -9.343817, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.589337, "energy": 23.208671, "activity_lines": [ 9.291667, 9.491545, 9.448805, 9.25529 ] }, { "date": "2024-06-07", "close": 9.047, "volume": 1242860, "typical_volume": 735218.6, "trend": 9.030367, "fair_value": 8.367304, "relative_strength": -11.533079, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.088973, "energy": 16.600441, "activity_lines": [ 9.201333, 9.384964, 9.42651, 9.256561 ] }, { "date": "2024-06-14", "close": 9.5, "volume": 624197, "typical_volume": 729513.75, "trend": 9.0598, "fair_value": 8.393612, "relative_strength": -1.531604, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.201285, "energy": 15.574251, "activity_lines": [ 9.281867, 9.370891, 9.4445, 9.28686 ] }, { "date": "2024-06-21", "close": 9.851, "volume": 628240, "typical_volume": 701284.35, "trend": 9.094233, "fair_value": 8.421247, "relative_strength": 0.003125, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.547404, "energy": 21.011103, "activity_lines": [ 9.472467, 9.431073, 9.492595, 9.337905 ] }, { "date": "2024-06-28", "close": 9.819, "volume": 378634, "typical_volume": 685031.45, "trend": 9.129, "fair_value": 8.447888, "relative_strength": -0.014391, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.770827, "energy": 29.794819, "activity_lines": [ 9.622333, 9.493236, 9.530833, 9.384665 ] }, { "date": "2024-07-05", "close": 10.066, "volume": 949886, "typical_volume": 695828.75, "trend": 9.1871, "fair_value": 8.476337, "relative_strength": -0.105176, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.740262, "energy": 61.028151, "activity_lines": [ 9.813733, 9.599927, 9.588062, 9.445116 ] }, { "date": "2024-07-12", "close": 9.77, "volume": 368671, "typical_volume": 688243.85, "trend": 9.2371, "fair_value": 8.503554, "relative_strength": -4.738516, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.40827, "energy": 61.299599, "activity_lines": [ 9.851533, 9.651327, 9.612105, 9.482723 ] }, { "date": "2024-07-19", "close": 9.578, "volume": 252665, "typical_volume": 674719.15, "trend": 9.275767, "fair_value": 8.529426, "relative_strength": -5.602547, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.864337, "energy": 51.999695, "activity_lines": [ 9.777133, 9.660091, 9.613676, 9.504716 ] }, { "date": "2024-07-26", "close": 9.206, "volume": 346258, "typical_volume": 656273.4, "trend": 9.309, "fair_value": 8.552189, "relative_strength": -8.080281, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.602884, "energy": 12.513548, "activity_lines": [ 9.573533, 9.597909, 9.578086, 9.500215 ] }, { "date": "2024-08-02", "close": 8.839, "volume": 607691, "typical_volume": 635962.3, "trend": 9.322, "fair_value": 8.574657, "relative_strength": -6.613015, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.343541, "energy": 28.429083, "activity_lines": [ 9.2906, 9.472527, 9.506095, 9.469892 ] }, { "date": "2024-08-09", "close": 9.155, "volume": 718526, "typical_volume": 638321.15, "trend": 9.348433, "fair_value": 8.598952, "relative_strength": -2.370185, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.587256, "energy": 28.995293, "activity_lines": [ 9.178333, 9.411291, 9.466505, 9.459118 ] }, { "date": "2024-08-16", "close": 9.149, "volume": 379195, "typical_volume": 632693.45, "trend": 9.371833, "fair_value": 8.625667, "relative_strength": -5.911557, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.907081, "energy": 36.586928, "activity_lines": [ 9.1248, 9.350545, 9.427538, 9.446252 ] }, { "date": "2024-08-23", "close": 8.871, "volume": 895407, "typical_volume": 641925.35, "trend": 9.374133, "fair_value": 8.648071, "relative_strength": -10.13939, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.726672, "energy": 56.803532, "activity_lines": [ 9.02, 9.2374, 9.364267, 9.41394 ] }, { "date": "2024-08-30", "close": 8.864, "volume": 494286, "typical_volume": 634174.95, "trend": 9.3889, "fair_value": 8.670071, "relative_strength": -11.714769, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.755367, "energy": 60.025343, "activity_lines": [ 8.96, 9.134418, 9.306057, 9.381028 ] }, { "date": "2024-09-06", "close": 8.188, "volume": 1688613, "typical_volume": 681669.05, "trend": 9.366267, "fair_value": 8.687692, "relative_strength": -15.256477, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.103565, "energy": 77.86623, "activity_lines": [ 8.697467, 8.926473, 9.19021, 9.303551 ] }, { "date": "2024-09-13", "close": 8.334, "volume": 1229314, "typical_volume": 727409.95, "trend": 9.3435, "fair_value": 8.704974, "relative_strength": -13.894013, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.532419, "energy": 80.41426, "activity_lines": [ 8.527, 8.774727, 9.095933, 9.236953 ] }, { "date": "2024-09-20", "close": 8.56, "volume": 507969, "typical_volume": 725796.8, "trend": 9.332467, "fair_value": 8.722487, "relative_strength": -11.501471, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.886398, "energy": 75.14381, "activity_lines": [ 8.4866, 8.695564, 9.031043, 9.186404 ] }, { "date": "2024-09-27", "close": 8.189, "volume": 963463, "typical_volume": 724324.05, "trend": 9.2983, "fair_value": 8.736462, "relative_strength": -17.015195, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.362142, "energy": 79.214672, "activity_lines": [ 8.3618, 8.570945, 8.934557, 9.112632 ] }, { "date": "2024-10-04", "close": 9.149, "volume": 1899724, "typical_volume": 771061.95, "trend": 9.306533, "fair_value": 8.754269, "relative_strength": -3.781158, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.847682, "energy": 38.658688, "activity_lines": [ 8.602467, 8.646127, 8.935248, 9.103 ] }, { "date": "2024-10-11", "close": 9.314, "volume": 1814160, "typical_volume": 835596.05, "trend": 9.306233, "fair_value": 8.77216, "relative_strength": -3.591691, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.323208, "energy": 15.467665, "activity_lines": [ 8.879133, 8.752345, 8.952848, 9.103482 ] }, { "date": "2024-10-18", "close": 8.61, "volume": 838572, "typical_volume": 841416.55, "trend": 9.2797, "fair_value": 8.785468, "relative_strength": -12.393128, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.187033, "energy": 20.369363, "activity_lines": [ 8.846067, 8.721927, 8.90289, 9.058563 ] }, { "date": "2024-10-25", "close": 9.066, "volume": 483830, "typical_volume": 803465.05, "trend": 9.261733, "fair_value": 8.801788, "relative_strength": -6.02006, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.851865, "energy": 21.14155, "activity_lines": [ 8.9466, 8.784327, 8.899371, 9.044776 ] }, { "date": "2024-11-01", "close": 8.814, "volume": 1218233, "typical_volume": 833166.85, "trend": 9.219733, "fair_value": 8.816904, "relative_strength": -7.918638, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.018607, "energy": 16.855103, "activity_lines": [ 8.9294, 8.802418, 8.871762, 9.01589 ] }, { "date": "2024-11-08", "close": 8.98, "volume": 1808728, "typical_volume": 892191.25, "trend": 9.1764, "fair_value": 8.83284, "relative_strength": -3.474411, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.040561, "energy": 12.117716, "activity_lines": [ 8.925867, 8.851727, 8.863229, 9.000424 ] }, { "date": "2024-11-15", "close": 8.916, "volume": 507463, "typical_volume": 898632.7, "trend": 9.147, "fair_value": 8.849853, "relative_strength": -5.005205, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.56887, "energy": 9.362003, "activity_lines": [ 8.912267, 8.887291, 8.852748, 8.983624 ] }, { "date": "2024-11-22", "close": 9.37, "volume": 1342588, "typical_volume": 918267.8, "trend": 9.1265, "fair_value": 8.872962, "relative_strength": 2.051317, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.125175, "energy": 6.80562, "activity_lines": [ 9.076533, 8.992164, 8.889805, 8.998011 ] }, { "date": "2024-11-29", "close": 9.044, "volume": 520367, "typical_volume": 925852.6, "trend": 9.116467, "fair_value": 8.894353, "relative_strength": -1.10676, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.649311, "energy": 11.206899, "activity_lines": [ 9.081467, 9.018927, 8.899129, 8.992688 ] }, { "date": "2024-12-06", "close": 8.799, "volume": 620690, "typical_volume": 944253.85, "trend": 9.096567, "fair_value": 8.912314, "relative_strength": -7.348336, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.246292, "energy": 11.318472, "activity_lines": [ 9.0062, 8.992345, 8.888576, 8.972206 ] }, { "date": "2024-12-13", "close": 9.288, "volume": 806544, "typical_volume": 967268.15, "trend": 9.092833, "fair_value": 8.9335, "relative_strength": -2.547377, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.964415, "energy": 16.686689, "activity_lines": [ 9.094933, 9.043582, 8.928305, 8.984557 ] }, { "date": "2024-12-20", "close": 9.18, "volume": 867898, "typical_volume": 980278.5, "trend": 9.091933, "fair_value": 8.952763, "relative_strength": -0.438818, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.396586, "energy": 9.06101, "activity_lines": [ 9.127133, 9.072655, 8.957357, 8.990181 ] }, { "date": "2024-12-27", "close": 9.339, "volume": 297203, "typical_volume": 959212.35, "trend": 9.095167, "fair_value": 8.971346, "relative_strength": 0.093856, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.271927, "energy": 16.706662, "activity_lines": [ 9.194733, 9.133073, 8.999929, 9.00612 ] }, { "date": "2025-01-03", "close": 9.854, "volume": 803988, "typical_volume": 980452.0, "trend": 9.122067, "fair_value": 8.992128, "relative_strength": 5.632487, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 46.719438, "energy": 54.05753, "activity_lines": [ 9.436067, 9.273873, 9.090671, 9.055077 ] }, { "date": "2025-01-10", "close": 10.144, "volume": 1672205, "typical_volume": 1019291.9, "trend": 9.143533, "fair_value": 9.013038, "relative_strength": 5.651082, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 52.246562, "energy": 66.106665, "activity_lines": [ 9.720067, 9.453073, 9.205676, 9.121009 ] }, { "date": "2025-01-17", "close": 10.328, "volume": 1571373, "typical_volume": 1073146.25, "trend": 9.159433, "fair_value": 9.0335, "relative_strength": 4.030909, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 83.601259, "energy": 85.672378, "activity_lines": [ 9.975733, 9.641545, 9.332143, 9.197426 ] }, { "date": "2025-01-24", "close": 9.861, "volume": 1502327, "typical_volume": 1063831.95, "trend": 9.160833, "fair_value": 9.049276, "relative_strength": -0.367815, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.860905, "energy": 79.39205, "activity_lines": [ 10.0064, 9.7206, 9.407162, 9.242688 ] }, { "date": "2025-01-31", "close": 9.759, "volume": 525691, "typical_volume": 1028650.8, "trend": 9.1506, "fair_value": 9.063526, "relative_strength": -2.085827, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.575336, "energy": 74.747233, "activity_lines": [ 9.957667, 9.763927, 9.4645, 9.28128 ] }, { "date": "2025-02-07", "close": 9.648, "volume": 1116771, "typical_volume": 1059090.9, "trend": 9.146533, "fair_value": 9.077071, "relative_strength": -4.562303, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.429719, "energy": 45.30233, "activity_lines": [ 9.843933, 9.78, 9.504481, 9.31337 ] }, { "date": "2025-02-14", "close": 9.53, "volume": 501525, "typical_volume": 1035994.0, "trend": 9.144933, "fair_value": 9.090147, "relative_strength": -7.802235, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.96855, "energy": 25.832316, "activity_lines": [ 9.7046, 9.763636, 9.528043, 9.33811 ] }, { "date": "2025-02-21", "close": 9.615, "volume": 384239, "typical_volume": 960219.75, "trend": 9.158567, "fair_value": 9.102801, "relative_strength": -7.911674, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.210414, "energy": 21.837855, "activity_lines": [ 9.634533, 9.749436, 9.553314, 9.368437 ] }, { "date": "2025-02-28", "close": 9.424, "volume": 500219, "typical_volume": 894522.7, "trend": 9.178067, "fair_value": 9.103404, "relative_strength": -10.058412, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.625265, "energy": 22.187396, "activity_lines": [ 9.548333, 9.694564, 9.558176, 9.385561 ] }, { "date": "2025-03-07", "close": 8.785, "volume": 796630, "typical_volume": 892425.6, "trend": 9.165733, "fair_value": 9.100397, "relative_strength": -15.790079, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.546238, "energy": 17.565522, "activity_lines": [ 9.278267, 9.519073, 9.501657, 9.360202 ] }, { "date": "2025-03-14", "close": 8.704, "volume": 427231, "typical_volume": 889595.65, "trend": 9.1509, "fair_value": 9.098821, "relative_strength": -16.405845, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -34.869972, "energy": 37.068555, "activity_lines": [ 9.046133, 9.338927, 9.43659, 9.330413 ] }, { "date": "2025-03-21", "close": 8.958, "volume": 464768, "typical_volume": 851922.4, "trend": 9.1538, "fair_value": 9.092615, "relative_strength": -14.535222, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.302212, "energy": 39.426552, "activity_lines": [ 8.9616, 9.225873, 9.397438, 9.317968 ] }, { "date": "2025-03-28", "close": 9.045, "volume": 767603, "typical_volume": 799866.15, "trend": 9.159833, "fair_value": 9.093115, "relative_strength": -12.775486, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.818216, "energy": 44.578042, "activity_lines": [ 8.9442, 9.1502, 9.365886, 9.310948 ] }, { "date": "2025-04-04", "close": 8.029, "volume": 1587299, "typical_volume": 853857.95, "trend": 9.154533, "fair_value": 9.087404, "relative_strength": -13.030807, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -57.096337, "energy": 67.218622, "activity_lines": [ 8.626133, 8.913127, 9.237262, 9.237991 ] }, { "date": "2025-04-11", "close": 7.514, "volume": 1290785, "typical_volume": 851267.8, "trend": 9.1272, "fair_value": 9.074378, "relative_strength": -16.620478, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -62.068222, "energy": 75.507156, "activity_lines": [ 8.2294, 8.615727, 9.063814, 9.132151 ] }, { "date": "2025-04-18", "close": 7.952, "volume": 403279, "typical_volume": 845413.4, "trend": 9.106933, "fair_value": 9.064474, "relative_strength": -16.134348, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.061235, "energy": 81.085071, "activity_lines": [ 8.0634, 8.438782, 8.940919, 9.056331 ] }, { "date": "2025-04-25", "close": 7.865, "volume": 373229, "typical_volume": 833040.35, "trend": 9.096133, "fair_value": 9.051244, "relative_strength": -19.615329, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.430778, "energy": 83.827975, "activity_lines": [ 7.918533, 8.276855, 8.814938, 8.976206 ] }, { "date": "2025-05-02", "close": 7.353, "volume": 782031, "typical_volume": 831814.7, "trend": 9.036267, "fair_value": 9.032173, "relative_strength": -26.304327, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.818962, "energy": 87.926284, "activity_lines": [ 7.675867, 8.052109, 8.644643, 8.863746 ] }, { "date": "2025-05-09", "close": 7.731, "volume": 1549878, "typical_volume": 865913.7, "trend": 8.9835, "fair_value": 9.015385, "relative_strength": -24.147733, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.686982, "energy": 69.704717, "activity_lines": [ 7.672, 7.937218, 8.519562, 8.779535 ] }, { "date": "2025-05-16", "close": 7.968, "volume": 1022621, "typical_volume": 902184.6, "trend": 8.9621, "fair_value": 9.000718, "relative_strength": -23.902071, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.872737, "energy": 54.231051, "activity_lines": [ 7.767, 7.8962, 8.423952, 8.714019 ] }, { "date": "2025-05-23", "close": 7.835, "volume": 615683, "typical_volume": 892769.35, "trend": 8.921067, "fair_value": 8.983545, "relative_strength": -22.537635, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.055127, "energy": 49.460893, "activity_lines": [ 7.7874, 7.845855, 8.322205, 8.641303 ] }, { "date": "2025-05-30", "close": 7.581, "volume": 442453, "typical_volume": 831281.75, "trend": 8.879967, "fair_value": 8.961321, "relative_strength": -25.753834, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.116484, "energy": 46.536703, "activity_lines": [ 7.730933, 7.765127, 8.205881, 8.554847 ] }, { "date": "2025-06-06", "close": 8.071, "volume": 418688, "typical_volume": 773647.5, "trend": 8.849667, "fair_value": 8.940686, "relative_strength": -21.589078, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.965899, "energy": 34.849152, "activity_lines": [ 7.856733, 7.798527, 8.148429, 8.502656 ] }, { "date": "2025-06-13", "close": 8.68, "volume": 1860744, "typical_volume": 791568.35, "trend": 8.8418, "fair_value": 8.928071, "relative_strength": -12.717463, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.35474, "energy": 17.945943, "activity_lines": [ 8.137667, 7.960364, 8.159724, 8.49171 ] }, { "date": "2025-06-20", "close": 9.073, "volume": 2784698, "typical_volume": 904518.7, "trend": 8.8319, "fair_value": 8.919897, "relative_strength": -7.828671, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.076091, "energy": 14.568942, "activity_lines": [ 8.486333, 8.181818, 8.214071, 8.506626 ] }, { "date": "2025-06-27", "close": 7.975, "volume": 2427459, "typical_volume": 970053.1, "trend": 8.796267, "fair_value": 8.90416, "relative_strength": -19.43516, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.435277, "energy": 19.726831, "activity_lines": [ 8.395333, 8.175291, 8.167114, 8.451342 ] }, { "date": "2025-07-04", "close": 8.086, "volume": 335426, "typical_volume": 961748.15, "trend": 8.7725, "fair_value": 8.890109, "relative_strength": -17.479731, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.531304, "energy": 18.398568, "activity_lines": [ 8.332, 8.188527, 8.138695, 8.405518 ] }, { "date": "2025-07-11", "close": 8.4, "volume": 932300, "typical_volume": 989151.2, "trend": 8.7429, "fair_value": 8.881404, "relative_strength": -14.767231, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.571037, "energy": 12.744099, "activity_lines": [ 8.339667, 8.254836, 8.147057, 8.381486 ] }, { "date": "2025-07-18", "close": 8.362, "volume": 1030254, "typical_volume": 1015652.95, "trend": 8.715633, "fair_value": 8.871513, "relative_strength": -15.164351, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.327436, "energy": 11.891421, "activity_lines": [ 8.312733, 8.2952, 8.157586, 8.356912 ] }, { "date": "2025-07-25", "close": 8.254, "volume": 393685, "typical_volume": 995505.7, "trend": 8.679467, "fair_value": 8.857962, "relative_strength": -16.655084, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.097714, "energy": 12.994894, "activity_lines": [ 8.271, 8.304455, 8.162886, 8.327129 ] }, { "date": "2025-08-01", "close": 8.546, "volume": 894396, "typical_volume": 1018863.95, "trend": 8.635867, "fair_value": 8.851929, "relative_strength": -11.580774, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.084341, "energy": 7.164337, "activity_lines": [ 8.3812, 8.3616, 8.198524, 8.318518 ] }, { "date": "2025-08-08", "close": 8.117, "volume": 903167, "typical_volume": 1040783.9, "trend": 8.5683, "fair_value": 8.841737, "relative_strength": -18.810528, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.471138, "energy": 11.414712, "activity_lines": [ 8.310333, 8.327818, 8.194057, 8.285043 ] }, { "date": "2025-08-15", "close": 8.099, "volume": 506430, "typical_volume": 1027725.25, "trend": 8.494, "fair_value": 8.8305, "relative_strength": -20.392108, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.678391, "energy": 14.011039, "activity_lines": [ 8.2314, 8.281018, 8.191881, 8.254766 ] }, { "date": "2025-08-22", "close": 8.163, "volume": 664125, "typical_volume": 981566.55, "trend": 8.4374, "fair_value": 8.818712, "relative_strength": -20.496646, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.840065, "energy": 14.219478, "activity_lines": [ 8.193867, 8.245345, 8.200305, 8.233411 ] }, { "date": "2025-08-29", "close": 8.221, "volume": 230807, "typical_volume": 928567.65, "trend": 8.386133, "fair_value": 8.809929, "relative_strength": -17.395437, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.625777, "energy": 17.742111, "activity_lines": [ 8.188933, 8.229618, 8.213614, 8.219449 ] }, { "date": "2025-09-05", "close": 7.913, "volume": 793517, "typical_volume": 948079.55, "trend": 8.3283, "fair_value": 8.801032, "relative_strength": -18.998243, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.647267, "energy": 23.566672, "activity_lines": [ 8.083533, 8.173382, 8.194224, 8.188925 ] }, { "date": "2025-09-12", "close": 8.177, "volume": 625283, "typical_volume": 960682.25, "trend": 8.2832, "fair_value": 8.792327, "relative_strength": -17.801482, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.416417, "energy": 19.976509, "activity_lines": [ 8.108333, 8.166273, 8.200162, 8.179163 ] }, { "date": "2025-09-19", "close": 8.044, "volume": 546880, "typical_volume": 948924.7, "trend": 8.230833, "fair_value": 8.786532, "relative_strength": -18.226238, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.782384, "energy": 27.384784, "activity_lines": [ 8.0848, 8.133327, 8.191948, 8.163731 ] }, { "date": "2025-09-26", "close": 8.545, "volume": 632678, "typical_volume": 903064.7, "trend": 8.201533, "fair_value": 8.783776, "relative_strength": -13.560098, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.929786, "energy": 8.595513, "activity_lines": [ 8.231933, 8.197945, 8.228157, 8.184 ] }, { "date": "2025-10-03", "close": 7.883, "volume": 1055309, "typical_volume": 904699.1, "trend": 8.171467, "fair_value": 8.769038, "relative_strength": -20.792855, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -27.244377, "energy": 11.044251, "activity_lines": [ 8.132933, 8.138873, 8.197443, 8.163449 ] }, { "date": "2025-10-10", "close": 7.736, "volume": 1192007, "typical_volume": 933515.3, "trend": 8.1392, "fair_value": 8.756782, "relative_strength": -19.443893, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -34.456103, "energy": 27.091369, "activity_lines": [ 8.007467, 8.059818, 8.153133, 8.135355 ] }, { "date": "2025-10-17", "close": 7.503, "volume": 1053342, "typical_volume": 964059.75, "trend": 8.0907, "fair_value": 8.744058, "relative_strength": -20.8953, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -41.413724, "energy": 44.411563, "activity_lines": [ 7.816133, 7.953127, 8.087105, 8.09431 ] }, { "date": "2025-10-24", "close": 8.042, "volume": 1397476, "typical_volume": 1012999.15, "trend": 8.057267, "fair_value": 8.733333, "relative_strength": -16.160454, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -25.590276, "energy": 40.141533, "activity_lines": [ 7.8494, 7.9556, 8.072781, 8.091168 ] }, { "date": "2025-10-31", "close": 8.011, "volume": 723863, "typical_volume": 956155.1, "trend": 8.056667, "fair_value": 8.71925, "relative_strength": -17.331176, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -23.116004, "energy": 36.040928, "activity_lines": [ 7.872467, 7.953473, 8.055643, 8.088183 ] }, { "date": "2025-11-07", "close": 7.898, "volume": 1783863, "typical_volume": 906113.35, "trend": 8.069467, "fair_value": 8.708647, "relative_strength": -17.432497, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -22.518751, "energy": 24.020433, "activity_lines": [ 7.893467, 7.933564, 8.030929, 8.077946 ] }, { "date": "2025-11-14", "close": 7.935, "volume": 1085457, "typical_volume": 839013.25, "trend": 8.0689, "fair_value": 8.703417, "relative_strength": -18.511102, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -16.660635, "energy": 9.142181, "activity_lines": [ 7.9258, 7.926255, 8.015333, 8.069271 ] }, { "date": "2025-11-21", "close": 7.7, "volume": 1078980, "typical_volume": 876190.95, "trend": 8.0634, "fair_value": 8.697333, "relative_strength": -17.744321, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.643614, "energy": 26.987662, "activity_lines": [ 7.866533, 7.875818, 7.977548, 8.045471 ] }, { "date": "2025-11-28", "close": 7.844, "volume": 1255027, "typical_volume": 892327.3, "trend": 8.079767, "fair_value": 8.690712, "relative_strength": -16.895606, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.44228, "energy": 24.810377, "activity_lines": [ 7.842133, 7.860236, 7.955314, 8.031316 ] }, { "date": "2025-12-05", "close": 7.906, "volume": 794447, "typical_volume": 880536.95, "trend": 8.0856, "fair_value": 8.690571, "relative_strength": -15.856216, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.157164, "energy": 24.536711, "activity_lines": [ 7.8516, 7.859564, 7.941633, 8.020105 ] }, { "date": "2025-12-12", "close": 7.523, "volume": 1088851, "typical_volume": 915295.25, "trend": 8.070767, "fair_value": 8.687327, "relative_strength": -19.412945, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.295333, "energy": 46.444683, "activity_lines": [ 7.7404, 7.800873, 7.893648, 7.983809 ] }, { "date": "2025-12-19", "close": 7.442, "volume": 1557831, "typical_volume": 948467.0, "trend": 8.057667, "fair_value": 8.679814, "relative_strength": -21.755687, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.623746, "energy": 51.909268, "activity_lines": [ 7.6272, 7.734, 7.841429, 7.943243 ] }, { "date": "2025-12-26", "close": 7.604, "volume": 282563, "typical_volume": 917436.8, "trend": 8.058433, "fair_value": 8.673974, "relative_strength": -19.027674, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.398389, "energy": 51.76484, "activity_lines": [ 7.600867, 7.701927, 7.809895, 7.913974 ] }, { "date": "2026-01-02", "close": 7.443, "volume": 424037, "typical_volume": 913317.15, "trend": 8.0375, "fair_value": 8.669321, "relative_strength": -21.18409, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.501629, "energy": 64.117109, "activity_lines": [ 7.527267, 7.638745, 7.765471, 7.874269 ] }, { "date": "2026-01-09", "close": 7.888, "volume": 1898220, "typical_volume": 975021.9, "trend": 8.0111, "fair_value": 8.665462, "relative_strength": -16.199696, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.651662, "energy": 36.772944, "activity_lines": [ 7.628733, 7.667364, 7.766552, 7.864624 ] }, { "date": "2026-01-16", "close": 7.966, "volume": 2640541, "typical_volume": 1095508.6, "trend": 7.9742, "fair_value": 8.661147, "relative_strength": -14.636954, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.808763, "energy": 13.706556, "activity_lines": [ 7.7574, 7.7124, 7.776371, 7.861714 ] }, { "date": "2026-01-23", "close": 8.011, "volume": 1189400, "typical_volume": 1115302.75, "trend": 7.9754, "fair_value": 8.657814, "relative_strength": -11.518639, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.950139, "energy": 13.766295, "activity_lines": [ 7.871533, 7.764382, 7.79169, 7.864088 ] }, { "date": "2026-01-30", "close": 8.532, "volume": 2135350, "typical_volume": 1190806.1, "trend": 7.990267, "fair_value": 8.660949, "relative_strength": -6.488896, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 41.248662, "energy": 38.567801, "activity_lines": [ 8.1214, 7.909709, 7.856162, 7.899998 ] }, { "date": "2026-02-06", "close": 8.381, "volume": 2965102, "typical_volume": 1311717.2, "trend": 7.989633, "fair_value": 8.659429, "relative_strength": -8.160084, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.319455, "energy": 49.19492, "activity_lines": [ 8.259067, 8.012455, 7.904562, 7.925206 ] }, { "date": "2026-02-13", "close": 8.214, "volume": 1568725, "typical_volume": 1358519.55, "trend": 7.9847, "fair_value": 8.659115, "relative_strength": -8.485958, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.903551, "energy": 50.62995, "activity_lines": [ 8.278533, 8.075073, 7.935452, 7.939682 ] }, { "date": "2026-02-20", "close": 8.704, "volume": 2120746, "typical_volume": 1411791.4, "trend": 7.9997, "fair_value": 8.661622, "relative_strength": -4.616486, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.113306, "energy": 66.536806, "activity_lines": [ 8.4396, 8.221182, 8.014586, 7.986088 ] }, { "date": "2026-02-27", "close": 8.76, "volume": 2833586, "typical_volume": 1493870.35, "trend": 8.006833, "fair_value": 8.662583, "relative_strength": -4.959287, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 74.185222, "energy": 72.429428, "activity_lines": [ 8.570133, 8.356, 8.095143, 8.03514 ] }, { "date": "2026-03-06", "close": 10.152, "volume": 11803865, "typical_volume": 2031396.5, "trend": 8.074667, "fair_value": 8.674231, "relative_strength": 17.744976, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.330698, "energy": 90.746499, "activity_lines": [ 9.114733, 8.719945, 8.303395, 8.173538 ] }, { "date": "2026-03-13", "close": 12.454, "volume": 12346851, "typical_volume": 2578865.25, "trend": 8.219833, "fair_value": 8.707083, "relative_strength": 43.119109, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.813763, "energy": 98.537696, "activity_lines": [ 10.318667, 9.456109, 8.718271, 8.456075 ] }, { "date": "2026-03-20", "close": 12.744, "volume": 11522825, "typical_volume": 3118813.35, "trend": 8.372533, "fair_value": 8.74134, "relative_strength": 50.495282, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.959223, "energy": 98.402172, "activity_lines": [ 11.347733, 10.153891, 9.139757, 8.747957 ] }, { "date": "2026-03-27", "close": 12.716, "volume": 10638935, "typical_volume": 3561566.95, "trend": 8.522367, "fair_value": 8.771571, "relative_strength": 47.446522, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.207694, "energy": 95.027511, "activity_lines": [ 12.065467, 10.758291, 9.536038, 9.028181 ] }, { "date": "2026-04-03", "close": 12.372, "volume": 6694077, "typical_volume": 3841997.95, "trend": 8.671, "fair_value": 8.796429, "relative_strength": 35.877252, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.499444, "energy": 88.667967, "activity_lines": [ 12.401067, 11.213782, 9.876614, 9.276544 ] }, { "date": "2026-04-10", "close": 12.0, "volume": 6712321, "typical_volume": 4123665.0, "trend": 8.798433, "fair_value": 8.81784, "relative_strength": 25.920575, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.655285, "energy": 67.233416, "activity_lines": [ 12.371867, 11.522345, 10.160633, 9.491318 ] }, { "date": "2026-04-17", "close": 11.166, "volume": 7120194, "typical_volume": 4416923.35, "trend": 8.9025, "fair_value": 8.836731, "relative_strength": 14.066164, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.110572, "energy": 59.760717, "activity_lines": [ 11.941467, 11.616218, 10.344748, 9.644065 ] }, { "date": "2026-04-24", "close": 12.592, "volume": 5571532, "typical_volume": 4655777.6, "trend": 9.0374, "fair_value": 8.866109, "relative_strength": 31.231794, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.646523, "energy": 56.193457, "activity_lines": [ 12.072267, 11.918727, 10.648852, 9.882097 ] }, { "date": "2026-05-01", "close": 13.522, "volume": 3730560, "typical_volume": 4787863.05, "trend": 9.225367, "fair_value": 8.904769, "relative_strength": 38.03491, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.39214, "energy": 58.895327, "activity_lines": [ 12.5232, 12.310727, 11.019214, 10.171426 ] }, { "date": "2026-05-08", "close": 12.794, "volume": 4522860, "typical_volume": 4936114.5, "trend": 9.393967, "fair_value": 8.938378, "relative_strength": 27.076449, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.175562, "energy": 51.186266, "activity_lines": [ 12.677733, 12.482764, 11.291676, 10.40166 ] }, { "date": "2026-05-15", "close": 13.918, "volume": 1582434, "typical_volume": 5001108.05, "trend": 9.6078, "fair_value": 8.978135, "relative_strength": 37.598283, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.814859, "energy": 59.907959, "activity_lines": [ 13.1788, 12.785818, 11.6457, 10.693533 ] }, { "date": "2026-05-22", "close": 13.816, "volume": 3246822, "typical_volume": 5142247.3, "trend": 9.800267, "fair_value": 9.015609, "relative_strength": 34.488325, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.380098, "energy": 58.336708, "activity_lines": [ 13.518, 13.001855, 11.959943, 10.96503 ] }, { "date": "2026-05-29", "close": 12.594, "volume": 3265896, "typical_volume": 5210631.1, "trend": 9.953033, "fair_value": 9.046179, "relative_strength": 20.604831, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.598091, "energy": 48.44508, "activity_lines": [ 13.2732, 12.970945, 12.127457, 11.145271 ] }, { "date": "2026-06-05", "close": 13.14, "volume": 505008, "typical_volume": 5103854.45, "trend": 10.127767, "fair_value": 9.080314, "relative_strength": 25.450156, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.200705, "energy": 45.414498, "activity_lines": [ 13.210267, 13.042036, 12.324562, 11.350882 ] }, { "date": "2026-06-12", "close": 12.57, "volume": 1013268, "typical_volume": 5095047.85, "trend": 10.282267, "fair_value": 9.111782, "relative_strength": 16.015191, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.680478, "energy": 34.448314, "activity_lines": [ 12.9828, 13.001782, 12.442743, 11.508445 ] }, { "date": "2026-06-19", "close": 11.85, "volume": 385140, "typical_volume": 5007537.35, "trend": 10.4206, "fair_value": 9.139622, "relative_strength": 6.640686, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.317259, "energy": 21.101764, "activity_lines": [ 12.530267, 12.827018, 12.470643, 11.609589 ] }, { "date": "2026-06-26", "close": 10.872, "volume": 266239, "typical_volume": 4872594.2, "trend": 10.521533, "fair_value": 9.160135, "relative_strength": 0.757421, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.662781, "energy": 16.800963, "activity_lines": [ 11.8896, 12.477164, 12.3896, 11.638712 ] }, { "date": "2026-07-03", "close": 10.876, "volume": 258733, "typical_volume": 4807094.6, "trend": 10.620533, "fair_value": 9.179609, "relative_strength": -2.18738, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.243953, "energy": 21.850113, "activity_lines": [ 11.446533, 12.133382, 12.297076, 11.661581 ] }, { "date": "2026-07-10", "close": 11.27, "volume": 3413176, "typical_volume": 4871716.1, "trend": 10.745433, "fair_value": 9.200929, "relative_strength": 1.708113, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.555359, "energy": 24.497552, "activity_lines": [ 11.249333, 11.892436, 12.2294, 11.703482 ] }, { "date": "2026-07-17", "close": 12.548, "volume": 2811448, "typical_volume": 4870609.2, "trend": 10.915633, "fair_value": 9.229231, "relative_strength": 14.479517, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.633814, "energy": 21.459379, "activity_lines": [ 11.6028, 11.9248, 12.271219, 11.819776 ] }, { "date": "2026-07-24", "close": 13.114, "volume": 3384784, "typical_volume": 4449655.15, "trend": 11.0993, "fair_value": 9.258494, "relative_strength": 19.279948, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.446949, "energy": 19.017881, "activity_lines": [ 12.1464, 12.064545, 12.348905, 11.961606 ] }, { "date": "2026-07-31", "close": 12.624, "volume": 6040420, "typical_volume": 4134333.6, "trend": 11.272, "fair_value": 9.283103, "relative_strength": 13.717985, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.892337, "energy": 27.221869, "activity_lines": [ 12.4424, 12.129818, 12.365819, 12.059974 ] }, { "date": "2026-08-07", "close": 12.042, "volume": 5152246, "typical_volume": 3815804.65, "trend": 11.410467, "fair_value": 9.302865, "relative_strength": 5.080346, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.089466, "energy": 28.447785, "activity_lines": [ 12.4276, 12.110945, 12.326495, 12.109652 ] } ], "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." } } }