{ "ticker": { "uuid": "40aaea28-0c18-437e-a379-ac2f18ae0f05", "symbol": "XDWM", "name": "Xtrackers MSCI World Materials UCITS ETF 1C", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 72.029, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 48.151, "architecture_energy": 19.34, "architecture_maturity": 19.997, "architecture_confidence": 80.535, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 44.68, "rotation_up": 35.65, "upward_expansion": 49.81, "deceleration": 83.32, "rotation_down": 30.38, "downward_expansion": 27.14 }, "activity_lines": [ 67.468668, 67.423637, 67.584143, 67.343205 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 70.150002, "trend_reference": 66.937001, "distance_from_trend": 0.048, "trend_direction": "Improving", "fair_value": 56.414199, "distance_from_fair_value": 0.243481, "fair_value_direction": "Improving", "relative_strength": -3.629455, "relative_strength_direction": "Weakening", "price_momentum": 0.074931, "excess_performance": -0.095961, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.048, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.050014, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.243481, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.004936, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.036295, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.053818, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.074931, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.318922, "read": "Demand-led" } ], "volume": { "latest": 24543, "relative_activity": 1.00719, "balance": 1.318922, "dry_up": 0.788069, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.029333, "annualized_volatility": 0.219669, "from_high_reference": -0.017507, "from_low_reference": 0.312687 }, "levels": { "trend_reference": 66.937001, "fair_value_reference": 56.414199, "structural_low": 59.5, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 18, "median_return": 0.011398, "positive_rate": 0.611111, "directional_follow_through": 0.611111, "median_excess_return": -0.001815, "regime_survival": 0.5, "best_return": 0.052613, "worst_return": -0.111953, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.026093, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.019738, "regime_survival": 0.111111, "best_return": 0.09148, "worst_return": -0.075909, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.01395, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.060052, "regime_survival": 0.166667, "best_return": 0.176237, "worst_return": -0.025674, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.054529, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.151862, "regime_survival": 0.75, "best_return": 0.125674, "worst_return": -0.022925, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-27", "end": "2025-01-24", "tenure": "Developing", "return": 0.041932, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-31", "end": "2025-02-07", "tenure": "New", "return": 0.011582, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-14", "end": "2025-02-21", "tenure": "New", "return": -0.006642, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-28", "end": "2025-03-07", "tenure": "New", "return": -0.026945, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-03-21", "tenure": "New", "return": -0.004434, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-28", "end": "2025-06-06", "tenure": "Developing", "return": -0.003924, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-08-15", "tenure": "Developing", "return": 0.024654, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-22", "end": "2025-09-12", "tenure": "New", "return": 0.013975, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-19", "end": "2025-11-07", "tenure": "Developing", "return": -0.010119, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-14", "end": "2025-11-28", "tenure": "New", "return": 0.023289, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-05", "end": "2026-03-20", "tenure": "Established", "return": 0.05696, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.087935, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-10", "tenure": "Developing", "return": -0.018579, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.069686, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 48.07, "volume": 10990, "typical_volume": 5956.45, "trend": 49.4565, "fair_value": 46.720353, "relative_strength": -9.813443, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -9.683797, "energy": 8.328114, "activity_lines": [ 49.395999, 49.47709, 49.274357, 49.247344 ] }, { "date": "2023-08-25", "close": 48.48, "volume": 8008, "typical_volume": 6282.2, "trend": 49.348833, "fair_value": 46.800513, "relative_strength": -9.997305, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.101021, "energy": 20.686074, "activity_lines": [ 48.978333, 49.300636, 49.210476, 49.184344 ] }, { "date": "2023-09-01", "close": 50.360001, "volume": 1721, "typical_volume": 5924.6, "trend": 49.302167, "fair_value": 46.893237, "relative_strength": -7.582933, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.454558, "energy": 13.266424, "activity_lines": [ 49.272, 49.494363, 49.326667, 49.249581 ] }, { "date": "2023-09-08", "close": 49.424999, "volume": 1675, "typical_volume": 5827.25, "trend": 49.26, "fair_value": 46.972628, "relative_strength": -7.548958, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.699346, "energy": 7.867604, "activity_lines": [ 49.308, 49.478454, 49.350714, 49.257505 ] }, { "date": "2023-09-15", "close": 50.689999, "volume": 1607, "typical_volume": 5677.7, "trend": 49.26, "fair_value": 47.056859, "relative_strength": -6.926221, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.282697, "energy": 34.500975, "activity_lines": [ 49.817333, 49.693181, 49.49469, 49.349763 ] }, { "date": "2023-09-22", "close": 49.134998, "volume": 31235, "typical_volume": 6955.45, "trend": 49.249666, "fair_value": 47.142148, "relative_strength": -8.414948, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.919955, "energy": 24.896442, "activity_lines": [ 49.727332, 49.587272, 49.48138, 49.341699 ] }, { "date": "2023-09-29", "close": 49.330002, "volume": 885, "typical_volume": 6735.45, "trend": 49.161333, "fair_value": 47.225737, "relative_strength": -6.557175, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.202048, "energy": 19.986049, "activity_lines": [ 49.631333, 49.524454, 49.485643, 49.346881 ] }, { "date": "2023-10-06", "close": 48.189999, "volume": 3055, "typical_volume": 6589.55, "trend": 49.119833, "fair_value": 47.29609, "relative_strength": -6.870219, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.299679, "energy": 12.915751, "activity_lines": [ 49.098666, 49.262, 49.377452, 49.284215 ] }, { "date": "2023-10-13", "close": 48.860001, "volume": 4291, "typical_volume": 6434.2, "trend": 49.166333, "fair_value": 47.37, "relative_strength": -6.596281, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.960003, "energy": 16.166277, "activity_lines": [ 48.934, 49.175545, 49.337024, 49.267451 ] }, { "date": "2023-10-20", "close": 47.154999, "volume": 2031, "typical_volume": 6207.65, "trend": 49.147166, "fair_value": 47.436763, "relative_strength": -6.565925, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -71.443223, "energy": 57.111142, "activity_lines": [ 48.238667, 48.803454, 49.128928, 49.137688 ] }, { "date": "2023-10-27", "close": 47.384998, "volume": 5083, "typical_volume": 6371.3, "trend": 49.0675, "fair_value": 47.513045, "relative_strength": -5.55262, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.1781, "energy": 66.208398, "activity_lines": [ 47.855666, 48.515363, 48.95088, 49.024 ] }, { "date": "2023-11-03", "close": 48.845001, "volume": 1232, "typical_volume": 6098.65, "trend": 49.0725, "fair_value": 47.58609, "relative_strength": -7.038897, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.661568, "energy": 54.036558, "activity_lines": [ 48.076, 48.505182, 48.919381, 49.009645 ] }, { "date": "2023-11-10", "close": 47.950001, "volume": 15826, "typical_volume": 6806.4, "trend": 49.013833, "fair_value": 47.649776, "relative_strength": -7.845992, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.371024, "energy": 52.18595, "activity_lines": [ 48.030333, 48.325636, 48.808333, 48.937226 ] }, { "date": "2023-11-17", "close": 49.41, "volume": 7586, "typical_volume": 6743.8, "trend": 49.017166, "fair_value": 47.720898, "relative_strength": -7.931421, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.138123, "energy": 16.900776, "activity_lines": [ 48.487333, 48.455364, 48.837428, 48.962785 ] }, { "date": "2023-11-24", "close": 49.744999, "volume": 984, "typical_volume": 6409.65, "trend": 49.05, "fair_value": 47.789135, "relative_strength": -6.757204, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.647297, "energy": 14.149542, "activity_lines": [ 49.019333, 48.646273, 48.898666, 49.009742 ] }, { "date": "2023-12-01", "close": 51.0, "volume": 1313, "typical_volume": 6375.55, "trend": 49.119166, "fair_value": 47.862628, "relative_strength": -5.627137, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.558392, "energy": 31.687579, "activity_lines": [ 49.797, 49.082545, 49.074, 49.135548 ] }, { "date": "2023-12-08", "close": 50.810001, "volume": 3014, "typical_volume": 6345.75, "trend": 49.195667, "fair_value": 47.935641, "relative_strength": -7.050724, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.263896, "energy": 51.502992, "activity_lines": [ 50.270334, 49.450364, 49.224357, 49.244634 ] }, { "date": "2023-12-15", "close": 52.459999, "volume": 9464, "typical_volume": 6338.65, "trend": 49.310333, "fair_value": 48.016186, "relative_strength": -3.629749, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.210297, "energy": 80.277225, "activity_lines": [ 51.162666, 50.091273, 49.526809, 49.455236 ] }, { "date": "2023-12-22", "close": 53.0, "volume": 5140, "typical_volume": 5971.6, "trend": 49.485333, "fair_value": 48.099583, "relative_strength": -2.28558, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.658537, "energy": 88.518615, "activity_lines": [ 51.934333, 50.752727, 49.874547, 49.693279 ] }, { "date": "2023-12-29", "close": 52.84, "volume": 1474, "typical_volume": 5830.7, "trend": 49.617833, "fair_value": 48.18125, "relative_strength": -2.297573, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.922689, "energy": 88.3892, "activity_lines": [ 52.413333, 51.309818, 50.193714, 49.909709 ] }, { "date": "2024-01-05", "close": 52.02, "volume": 2178, "typical_volume": 5390.1, "trend": 49.719833, "fair_value": 48.242308, "relative_strength": -3.806361, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.105816, "energy": 83.429598, "activity_lines": [ 52.412667, 51.614455, 50.418762, 50.064688 ] }, { "date": "2024-01-12", "close": 51.310001, "volume": 4013, "typical_volume": 5190.35, "trend": 49.762166, "fair_value": 48.302468, "relative_strength": -4.910695, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.179713, "energy": 71.501118, "activity_lines": [ 52.107334, 51.705727, 50.557381, 50.167279 ] }, { "date": "2024-01-19", "close": 50.049999, "volume": 3672, "typical_volume": 5287.9, "trend": 49.8245, "fair_value": 48.356442, "relative_strength": -6.33839, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.856896, "energy": 34.682681, "activity_lines": [ 51.348667, 51.523091, 50.562524, 50.185849 ] }, { "date": "2024-01-26", "close": 51.23, "volume": 16520, "typical_volume": 6030.15, "trend": 49.8835, "fair_value": 48.428077, "relative_strength": -4.148261, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.211004, "energy": 24.520987, "activity_lines": [ 51.144, 51.516818, 50.681524, 50.276527 ] }, { "date": "2024-02-02", "close": 51.32, "volume": 14214, "typical_volume": 6660.5, "trend": 49.974, "fair_value": 48.49218, "relative_strength": -4.779496, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.252925, "energy": 26.948011, "activity_lines": [ 51.087333, 51.493818, 50.8005, 50.369204 ] }, { "date": "2024-02-09", "close": 50.619999, "volume": 1859, "typical_volume": 5191.7, "trend": 50.0095, "fair_value": 48.548333, "relative_strength": -7.16033, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.528255, "energy": 25.641322, "activity_lines": [ 50.898666, 51.314909, 50.849809, 50.410882 ] }, { "date": "2024-02-16", "close": 52.130001, "volume": 4437, "typical_volume": 5369.3, "trend": 50.088833, "fair_value": 48.610385, "relative_strength": -5.936445, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.471791, "energy": 31.300059, "activity_lines": [ 51.306667, 51.417455, 51.035857, 50.547688 ] }, { "date": "2024-02-23", "close": 52.279999, "volume": 3401, "typical_volume": 5386.6, "trend": 50.125833, "fair_value": 48.679039, "relative_strength": -8.225132, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.352558, "energy": 41.670759, "activity_lines": [ 51.71, 51.523273, 51.222857, 50.689054 ] }, { "date": "2024-03-01", "close": 52.900002, "volume": 9962, "typical_volume": 5670.15, "trend": 50.215833, "fair_value": 48.749135, "relative_strength": -7.526411, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.023696, "energy": 61.280503, "activity_lines": [ 52.171334, 51.745091, 51.449429, 50.868032 ] }, { "date": "2024-03-08", "close": 53.669998, "volume": 825, "typical_volume": 5609.85, "trend": 50.355667, "fair_value": 48.811699, "relative_strength": -7.289718, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.385181, "energy": 82.209918, "activity_lines": [ 52.778, 52.108727, 51.730095, 51.090882 ] }, { "date": "2024-03-15", "close": 54.060001, "volume": 5431, "typical_volume": 5627.25, "trend": 50.555333, "fair_value": 48.878878, "relative_strength": -7.8157, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.352533, "energy": 89.683442, "activity_lines": [ 53.358, 52.528182, 52.016881, 51.329871 ] }, { "date": "2024-03-22", "close": 55.240002, "volume": 1559, "typical_volume": 5643.6, "trend": 50.780667, "fair_value": 48.950385, "relative_strength": -6.667495, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.146381, "energy": 95.082296, "activity_lines": [ 54.102001, 53.125091, 52.384262, 51.632108 ] }, { "date": "2024-03-29", "close": 56.029999, "volume": 1664, "typical_volume": 4935.5, "trend": 50.969667, "fair_value": 49.025513, "relative_strength": -6.204953, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.776298, "energy": 95.431001, "activity_lines": [ 54.902, 53.794182, 52.796429, 51.970774 ] }, { "date": "2024-04-05", "close": 55.880001, "volume": 4930, "typical_volume": 4802.7, "trend": 51.184833, "fair_value": 49.096122, "relative_strength": -4.266782, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.100191, "energy": 92.251566, "activity_lines": [ 55.402, 54.327273, 53.155834, 52.28757 ] }, { "date": "2024-04-12", "close": 56.52, "volume": 18697, "typical_volume": 5688.35, "trend": 51.379167, "fair_value": 49.163782, "relative_strength": -2.342119, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.412172, "energy": 92.695983, "activity_lines": [ 55.916667, 54.892182, 53.545381, 52.631774 ] }, { "date": "2024-04-19", "close": 55.34, "volume": 3183, "typical_volume": 5781.85, "trend": 51.586, "fair_value": 49.225513, "relative_strength": -4.670409, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.870762, "energy": 80.270745, "activity_lines": [ 55.848, 55.148, 53.790286, 52.887312 ] }, { "date": "2024-04-26", "close": 55.400002, "volume": 3221, "typical_volume": 5792.2, "trend": 51.788333, "fair_value": 49.289167, "relative_strength": -5.285911, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.540369, "energy": 64.730674, "activity_lines": [ 55.714001, 55.32891, 54.020238, 53.133377 ] }, { "date": "2024-05-03", "close": 55.23, "volume": 1956, "typical_volume": 5416.8, "trend": 52.023, "fair_value": 49.337596, "relative_strength": -3.673916, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.123501, "energy": 56.979562, "activity_lines": [ 55.512667, 55.419455, 54.212143, 53.35542 ] }, { "date": "2024-05-10", "close": 56.619999, "volume": 1411, "typical_volume": 5230.35, "trend": 52.281667, "fair_value": 49.398141, "relative_strength": -4.026873, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.716715, "energy": 58.28774, "activity_lines": [ 55.828, 55.709091, 54.523238, 53.652 ] }, { "date": "2024-05-17", "close": 56.75, "volume": 4682, "typical_volume": 5390.75, "trend": 52.6015, "fair_value": 49.463077, "relative_strength": -5.632967, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.834258, "energy": 61.844368, "activity_lines": [ 56.137333, 55.954727, 54.829476, 53.94028 ] }, { "date": "2024-05-24", "close": 56.259998, "volume": 35085, "typical_volume": 7036.1, "trend": 52.897333, "fair_value": 49.523269, "relative_strength": -3.814685, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.526293, "energy": 55.608813, "activity_lines": [ 56.267999, 56.055272, 55.070429, 54.176312 ] }, { "date": "2024-05-31", "close": 55.560001, "volume": 1956, "typical_volume": 6933.25, "trend": 53.121167, "fair_value": 49.575481, "relative_strength": -4.804271, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.517824, "energy": 51.921553, "activity_lines": [ 56.104, 55.988545, 55.224524, 54.348097 ] }, { "date": "2024-06-07", "close": 55.290001, "volume": 3075, "typical_volume": 6903.4, "trend": 53.365833, "fair_value": 49.628269, "relative_strength": -5.503426, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.346127, "energy": 38.593636, "activity_lines": [ 55.839333, 55.866909, 55.332667, 54.488022 ] }, { "date": "2024-06-14", "close": 54.52, "volume": 4374, "typical_volume": 6296.1, "trend": 53.536167, "fair_value": 49.688462, "relative_strength": -0.985308, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.905479, "energy": 20.898668, "activity_lines": [ 55.314, 55.618727, 55.342524, 54.562484 ] }, { "date": "2024-06-21", "close": 54.779999, "volume": 6681, "typical_volume": 5919.45, "trend": 53.704, "fair_value": 49.743269, "relative_strength": -2.296085, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.096918, "energy": 23.598338, "activity_lines": [ 55.015333, 55.442545, 55.361476, 54.642731 ] }, { "date": "2024-06-28", "close": 54.700001, "volume": 4824, "typical_volume": 6067.7, "trend": 53.827333, "fair_value": 49.796699, "relative_strength": -1.868188, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.592587, "energy": 19.518361, "activity_lines": [ 54.821334, 55.283455, 55.356333, 54.706989 ] }, { "date": "2024-07-05", "close": 54.549999, "volume": 7436, "typical_volume": 6217.65, "trend": 53.952, "fair_value": 49.847276, "relative_strength": -4.380297, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.318188, "energy": 17.522085, "activity_lines": [ 54.681333, 55.108727, 55.317476, 54.753613 ] }, { "date": "2024-07-12", "close": 55.720001, "volume": 9485, "typical_volume": 6521.85, "trend": 54.060667, "fair_value": 49.907308, "relative_strength": -3.874783, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.602065, "energy": 14.279349, "activity_lines": [ 54.998667, 55.162182, 55.378524, 54.867678 ] }, { "date": "2024-07-19", "close": 54.57, "volume": 2594, "typical_volume": 6153.45, "trend": 54.113, "fair_value": 49.958686, "relative_strength": -4.713133, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.881151, "energy": 6.853532, "activity_lines": [ 54.904, 54.997636, 55.313667, 54.900538 ] }, { "date": "2024-07-26", "close": 54.91, "volume": 21584, "typical_volume": 7191.4, "trend": 54.182, "fair_value": 50.006474, "relative_strength": -2.850376, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.346449, "energy": 7.207633, "activity_lines": [ 54.919333, 54.932182, 55.273238, 54.951957 ] }, { "date": "2024-08-02", "close": 53.02, "volume": 5512, "typical_volume": 7195.45, "trend": 54.215333, "fair_value": 50.040833, "relative_strength": -0.826994, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -18.743193, "energy": 19.944413, "activity_lines": [ 54.296, 54.556546, 55.046905, 54.876989 ] }, { "date": "2024-08-09", "close": 52.93, "volume": 3538, "typical_volume": 7294.4, "trend": 54.269333, "fair_value": 50.068237, "relative_strength": -0.160037, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.143746, "energy": 51.501748, "activity_lines": [ 53.754667, 54.223455, 54.816952, 54.794065 ] }, { "date": "2024-08-16", "close": 53.57, "volume": 1847, "typical_volume": 7303.55, "trend": 54.386667, "fair_value": 50.113398, "relative_strength": -2.679522, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.117823, "energy": 52.879592, "activity_lines": [ 53.534667, 54.054545, 54.658952, 54.748946 ] }, { "date": "2024-08-23", "close": 54.610001, "volume": 2735, "typical_volume": 7193.8, "trend": 54.499333, "fair_value": 50.158718, "relative_strength": -2.47784, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.757482, "energy": 48.051986, "activity_lines": [ 53.804667, 54.106, 54.611714, 54.763355 ] }, { "date": "2024-08-30", "close": 55.32, "volume": 18205, "typical_volume": 7169.2, "trend": 54.632667, "fair_value": 50.208398, "relative_strength": -3.121776, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -1.110094, "energy": 8.84357, "activity_lines": [ 54.308667, 54.284909, 54.638143, 54.816301 ] }, { "date": "2024-09-06", "close": 52.68, "volume": 2773, "typical_volume": 7148.7, "trend": 54.701334, "fair_value": 50.243878, "relative_strength": -4.560798, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.798264, "energy": 32.001808, "activity_lines": [ 53.905334, 53.974, 54.418857, 54.690323 ] }, { "date": "2024-09-13", "close": 54.790001, "volume": 3866, "typical_volume": 7180.95, "trend": 54.79, "fair_value": 50.30359, "relative_strength": -1.417674, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -29.201957, "energy": 16.324331, "activity_lines": [ 54.228, 54.083455, 54.413191, 54.696043 ] }, { "date": "2024-09-20", "close": 55.310001, "volume": 36911, "typical_volume": 8928.7, "trend": 54.891, "fair_value": 50.36734, "relative_strength": -0.960463, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.715498, "energy": 12.080316, "activity_lines": [ 54.600001, 54.283091, 54.459953, 54.729592 ] }, { "date": "2024-09-27", "close": 58.18, "volume": 12583, "typical_volume": 9487.3, "trend": 55.067, "fair_value": 50.45468, "relative_strength": 1.367694, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.086609, "energy": 38.902012, "activity_lines": [ 55.812667, 55.012, 54.779667, 54.941785 ] }, { "date": "2024-10-04", "close": 57.509998, "volume": 4712, "typical_volume": 9488.8, "trend": 55.195, "fair_value": 50.531282, "relative_strength": 3.604866, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.207517, "energy": 53.86584, "activity_lines": [ 56.564, 55.553455, 55.028143, 55.099398 ] }, { "date": "2024-10-11", "close": 57.650002, "volume": 7135, "typical_volume": 8091.3, "trend": 55.314667, "fair_value": 50.59891, "relative_strength": 1.754864, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.493334, "energy": 65.938036, "activity_lines": [ 57.216, 56.073091, 55.286334, 55.257785 ] }, { "date": "2024-10-18", "close": 58.220001, "volume": 2130, "typical_volume": 8100.0, "trend": 55.414, "fair_value": 50.671442, "relative_strength": 0.227089, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 74.787297, "energy": 81.48021, "activity_lines": [ 57.726667, 56.612182, 55.592191, 55.445226 ] }, { "date": "2024-10-25", "close": 57.02, "volume": 19823, "typical_volume": 8937.4, "trend": 55.447, "fair_value": 50.734648, "relative_strength": -0.518283, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.849447, "energy": 70.860462, "activity_lines": [ 57.608667, 56.836909, 55.771096, 55.548839 ] }, { "date": "2024-11-01", "close": 56.27, "volume": 4281, "typical_volume": 8932.75, "trend": 55.46, "fair_value": 50.790577, "relative_strength": -1.450926, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.396363, "energy": 46.732195, "activity_lines": [ 57.126667, 56.862546, 55.870334, 55.601936 ] }, { "date": "2024-11-08", "close": 56.880001, "volume": 23142, "typical_volume": 9755.8, "trend": 55.472, "fair_value": 50.839936, "relative_strength": 2.1481, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.52542, "energy": 35.218269, "activity_lines": [ 56.975334, 56.96891, 56.019334, 55.693549 ] }, { "date": "2024-11-15", "close": 55.529999, "volume": 2248, "typical_volume": 9627.0, "trend": 55.478333, "fair_value": 50.882276, "relative_strength": -1.311282, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.43024, "energy": 19.687424, "activity_lines": [ 56.416, 56.801455, 56.029762, 55.697291 ] }, { "date": "2024-11-22", "close": 57.459999, "volume": 7471, "typical_volume": 9628.75, "trend": 55.547, "fair_value": 50.946827, "relative_strength": 4.212913, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.363294, "energy": 21.90322, "activity_lines": [ 56.641333, 56.933091, 56.220048, 55.82514 ] }, { "date": "2024-11-29", "close": 57.040001, "volume": 5523, "typical_volume": 9430.65, "trend": 55.607333, "fair_value": 51.008878, "relative_strength": 3.695308, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.252262, "energy": 21.386814, "activity_lines": [ 56.777333, 56.939818, 56.356476, 55.921463 ] }, { "date": "2024-12-06", "close": 56.450001, "volume": 5886, "typical_volume": 9595.25, "trend": 55.601667, "fair_value": 51.057853, "relative_strength": -1.265895, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.249148, "energy": 18.594135, "activity_lines": [ 56.715334, 56.807818, 56.430429, 55.975828 ] }, { "date": "2024-12-13", "close": 55.41, "volume": 10472, "typical_volume": 9039.65, "trend": 55.557, "fair_value": 51.096859, "relative_strength": -3.313995, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.507791, "energy": 11.98806, "activity_lines": [ 56.294667, 56.518182, 56.396381, 55.963463 ] }, { "date": "2024-12-20", "close": 53.360001, "volume": 5247, "typical_volume": 9026.4, "trend": 55.460334, "fair_value": 51.121507, "relative_strength": -3.60729, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -33.522253, "energy": 27.44854, "activity_lines": [ 55.288667, 55.894, 56.164715, 55.821721 ] }, { "date": "2024-12-27", "close": 53.419998, "volume": 1317, "typical_volume": 8915.35, "trend": 55.389, "fair_value": 51.141571, "relative_strength": -4.416133, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.88657, "energy": 55.429773, "activity_lines": [ 54.447333, 55.358727, 55.937143, 55.690086 ] }, { "date": "2025-01-03", "close": 53.369999, "volume": 3859, "typical_volume": 9015.95, "trend": 55.325, "fair_value": 51.161955, "relative_strength": -4.249991, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.87951, "energy": 63.249557, "activity_lines": [ 53.858666, 54.901636, 55.702476, 55.559828 ] }, { "date": "2025-01-10", "close": 53.650002, "volume": 2009, "typical_volume": 8979.65, "trend": 55.296, "fair_value": 51.185096, "relative_strength": -6.215291, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.752894, "energy": 62.742222, "activity_lines": [ 53.608, 54.561818, 55.495429, 55.451764 ] }, { "date": "2025-01-17", "close": 55.900002, "volume": 2140, "typical_volume": 8176.4, "trend": 55.333334, "fair_value": 51.225449, "relative_strength": -5.331635, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -14.365409, "energy": 36.130728, "activity_lines": [ 54.294001, 54.678728, 55.507238, 55.490731 ] }, { "date": "2025-01-24", "close": 55.66, "volume": 19978, "typical_volume": 9036.65, "trend": 55.365334, "fair_value": 51.274103, "relative_strength": -5.397316, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -8.517778, "energy": 11.702406, "activity_lines": [ 54.867334, 54.769819, 55.493429, 55.511807 ] }, { "date": "2025-01-31", "close": 56.119999, "volume": 4005, "typical_volume": 9043.6, "trend": 55.417667, "fair_value": 51.327757, "relative_strength": -5.176151, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.03953, "energy": 14.959097, "activity_lines": [ 55.440667, 54.942182, 55.509238, 55.560495 ] }, { "date": "2025-02-07", "close": 56.77, "volume": 15960, "typical_volume": 7996.05, "trend": 55.452667, "fair_value": 51.375705, "relative_strength": -5.485738, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.94512, "energy": 29.201447, "activity_lines": [ 56.050667, 55.257091, 55.580619, 55.647742 ] }, { "date": "2025-02-14", "close": 57.209999, "volume": 3700, "typical_volume": 7551.9, "trend": 55.540667, "fair_value": 51.426923, "relative_strength": -6.914866, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 48.672492, "energy": 40.10143, "activity_lines": [ 56.580666, 55.656909, 55.686952, 55.761118 ] }, { "date": "2025-02-21", "close": 56.830002, "volume": 2278, "typical_volume": 7430.2, "trend": 55.604667, "fair_value": 51.476923, "relative_strength": -8.469232, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 52.103708, "energy": 52.300565, "activity_lines": [ 56.746667, 55.973818, 55.761715, 55.844301 ] }, { "date": "2025-02-28", "close": 56.040001, "volume": 8533, "typical_volume": 7500.1, "trend": 55.705334, "fair_value": 51.514231, "relative_strength": -10.120612, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.641356, "energy": 45.021038, "activity_lines": [ 56.587334, 56.121273, 55.764476, 55.872387 ] }, { "date": "2025-03-07", "close": 54.529999, "volume": 3586, "typical_volume": 7572.9, "trend": 55.758667, "fair_value": 51.541154, "relative_strength": -12.199107, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -8.503218, "energy": 9.05019, "activity_lines": [ 55.899334, 55.945455, 55.631095, 55.796559 ] }, { "date": "2025-03-14", "close": 54.130001, "volume": 5989, "typical_volume": 6881.2, "trend": 55.777334, "fair_value": 51.559744, "relative_strength": -12.782347, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.220807, "energy": 29.719427, "activity_lines": [ 55.184, 55.676728, 55.477191, 55.691484 ] }, { "date": "2025-03-21", "close": 53.889999, "volume": 742, "typical_volume": 6704.25, "trend": 55.753334, "fair_value": 51.563141, "relative_strength": -13.781179, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.632864, "energy": 48.721958, "activity_lines": [ 54.564667, 55.350546, 55.314191, 55.569721 ] }, { "date": "2025-03-28", "close": 53.52, "volume": 3076, "typical_volume": 5700.95, "trend": 55.693334, "fair_value": 51.563462, "relative_strength": -13.476805, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.858684, "energy": 69.452603, "activity_lines": [ 54.043333, 54.952727, 55.127286, 55.425635 ] }, { "date": "2025-04-04", "close": 48.700001, "volume": 20274, "typical_volume": 6602.25, "trend": 55.560667, "fair_value": 51.528846, "relative_strength": -11.723113, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.419425, "energy": 91.495763, "activity_lines": [ 52.136, 53.721818, 54.497334, 54.974452 ] }, { "date": "2025-04-11", "close": 48.07, "volume": 41586, "typical_volume": 8308.0, "trend": 55.336667, "fair_value": 51.485513, "relative_strength": -10.99399, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.788907, "energy": 93.964064, "activity_lines": [ 50.508, 52.502909, 53.839905, 54.491183 ] }, { "date": "2025-04-18", "close": 49.424999, "volume": 4816, "typical_volume": 8272.65, "trend": 55.1405, "fair_value": 51.465673, "relative_strength": -13.178882, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.395224, "energy": 89.569589, "activity_lines": [ 49.762333, 51.676727, 53.356238, 54.109785 ] }, { "date": "2025-04-25", "close": 50.639999, "volume": 2831, "typical_volume": 8119.9, "trend": 54.889167, "fair_value": 51.450096, "relative_strength": -14.029509, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.36033, "energy": 84.256097, "activity_lines": [ 49.735333, 51.205, 53.024548, 53.81943 ] }, { "date": "2025-05-02", "close": 51.860001, "volume": 1366, "typical_volume": 7664.6, "trend": 54.700834, "fair_value": 51.454455, "relative_strength": -13.905782, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.839675, "energy": 56.531482, "activity_lines": [ 50.331667, 51.074545, 52.836714, 53.624 ] }, { "date": "2025-05-09", "close": 52.040001, "volume": 6656, "typical_volume": 7735.05, "trend": 54.513834, "fair_value": 51.463622, "relative_strength": -15.571279, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.249191, "energy": 38.337585, "activity_lines": [ 51.098667, 51.067182, 52.682929, 53.452333 ] }, { "date": "2025-05-16", "close": 53.169998, "volume": 18323, "typical_volume": 8585.35, "trend": 54.3455, "fair_value": 51.480801, "relative_strength": -16.162416, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.540008, "energy": 24.141824, "activity_lines": [ 52.019666, 51.338, 52.643048, 53.365634 ] }, { "date": "2025-05-23", "close": 52.77, "volume": 2936, "typical_volume": 8539.2, "trend": 54.203833, "fair_value": 51.484519, "relative_strength": -13.991662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.004705, "energy": 26.201224, "activity_lines": [ 52.467333, 51.560818, 52.566262, 53.263989 ] }, { "date": "2025-05-30", "close": 52.619999, "volume": 3665, "typical_volume": 8622.0, "trend": 54.082167, "fair_value": 51.485737, "relative_strength": -15.232765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.399164, "energy": 24.19139, "activity_lines": [ 52.641999, 51.781091, 52.478047, 53.161806 ] }, { "date": "2025-06-06", "close": 53.310001, "volume": 3173, "typical_volume": 8673.65, "trend": 53.963167, "fair_value": 51.50484, "relative_strength": -14.912296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.303763, "energy": 20.711327, "activity_lines": [ 52.914667, 52.149909, 52.460452, 53.111989 ] }, { "date": "2025-06-13", "close": 52.73, "volume": 5599, "typical_volume": 7954.7, "trend": 53.869833, "fair_value": 51.545545, "relative_strength": -12.996166, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.656381, "energy": 13.363064, "activity_lines": [ 52.897333, 52.417091, 52.399952, 53.03243 ] }, { "date": "2025-06-20", "close": 51.75, "volume": 23066, "typical_volume": 8907.75, "trend": 53.6795, "fair_value": 51.5825, "relative_strength": -13.809362, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.831913, "energy": 12.50237, "activity_lines": [ 52.507333, 52.432818, 52.260071, 52.895667 ] }, { "date": "2025-06-27", "close": 52.110001, "volume": 6835, "typical_volume": 8451.5, "trend": 53.515167, "fair_value": 51.62968, "relative_strength": -13.95957, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.632673, "energy": 14.773509, "activity_lines": [ 52.332, 52.447091, 52.175286, 52.794409 ] }, { "date": "2025-07-04", "close": 52.900002, "volume": 24891, "typical_volume": 9511.05, "trend": 53.396833, "fair_value": 51.673301, "relative_strength": -12.091276, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.923869, "energy": 15.171736, "activity_lines": [ 52.464001, 52.556182, 52.187929, 52.754721 ] }, { "date": "2025-07-11", "close": 53.290001, "volume": 2508, "typical_volume": 9522.55, "trend": 53.326167, "fair_value": 51.728846, "relative_strength": -12.137437, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.340938, "energy": 8.847473, "activity_lines": [ 52.707334, 52.695092, 52.258238, 52.747828 ] }, { "date": "2025-07-18", "close": 52.740002, "volume": 1678, "typical_volume": 9179.8, "trend": 53.3055, "fair_value": 51.770577, "relative_strength": -13.233036, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.502798, "energy": 12.792238, "activity_lines": [ 52.768668, 52.708001, 52.293024, 52.710011 ] }, { "date": "2025-07-25", "close": 53.450001, "volume": 8956, "typical_volume": 9448.3, "trend": 53.3065, "fair_value": 51.805353, "relative_strength": -12.611623, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.38365, "energy": 22.167815, "activity_lines": [ 53.066001, 52.837274, 52.411143, 52.719334 ] }, { "date": "2025-08-01", "close": 51.869999, "volume": 3744, "typical_volume": 9336.05, "trend": 53.2565, "fair_value": 51.833462, "relative_strength": -13.135014, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.36956, "energy": 13.056426, "activity_lines": [ 52.723334, 52.674183, 52.383929, 52.626656 ] }, { "date": "2025-08-08", "close": 53.639999, "volume": 21740, "typical_volume": 10385.95, "trend": 53.256167, "fair_value": 51.861667, "relative_strength": -13.378859, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.803634, "energy": 8.017559, "activity_lines": [ 52.986667, 52.849273, 52.536048, 52.651398 ] }, { "date": "2025-08-15", "close": 54.029999, "volume": 4197, "typical_volume": 10442.0, "trend": 53.193833, "fair_value": 51.892051, "relative_strength": -14.463894, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.127901, "energy": 30.22853, "activity_lines": [ 53.330666, 53.076727, 52.7265, 52.701323 ] }, { "date": "2025-08-22", "close": 55.099998, "volume": 834, "typical_volume": 9470.0, "trend": 53.175167, "fair_value": 51.928526, "relative_strength": -13.69821, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.200319, "energy": 50.590052, "activity_lines": [ 53.981999, 53.485636, 53.016429, 52.824301 ] }, { "date": "2025-08-29", "close": 55.119999, "volume": 957, "typical_volume": 7438.55, "trend": 53.141833, "fair_value": 51.979519, "relative_strength": -11.035849, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.452901, "energy": 65.611509, "activity_lines": [ 54.482665, 53.85509, 53.277786, 52.949774 ] }, { "date": "2025-09-05", "close": 55.110001, "volume": 5308, "typical_volume": 7463.15, "trend": 53.0865, "fair_value": 52.022692, "relative_strength": -9.489255, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.195209, "energy": 67.896008, "activity_lines": [ 54.868666, 54.161454, 53.504619, 53.076753 ] }, { "date": "2025-09-12", "close": 55.869999, "volume": 2912, "typical_volume": 7467.2, "trend": 53.041833, "fair_value": 52.067885, "relative_strength": -9.927834, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.428465, "energy": 84.021663, "activity_lines": [ 55.291999, 54.551454, 53.776762, 53.256333 ] }, { "date": "2025-09-19", "close": 55.34, "volume": 1302, "typical_volume": 7464.0, "trend": 52.992167, "fair_value": 52.138494, "relative_strength": -9.853733, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.984725, "energy": 75.986404, "activity_lines": [ 55.39, 54.79109, 53.973524, 53.404602 ] }, { "date": "2025-09-26", "close": 55.619999, "volume": 3928, "typical_volume": 7327.6, "trend": 52.978167, "fair_value": 52.207115, "relative_strength": -9.662833, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.276774, "energy": 72.310898, "activity_lines": [ 55.494, 55.044363, 54.180381, 53.57414 ] }, { "date": "2025-10-03", "close": 56.389999, "volume": 8239, "typical_volume": 6823.4, "trend": 53.040167, "fair_value": 52.276506, "relative_strength": -9.214167, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.2649, "energy": 76.033426, "activity_lines": [ 55.819999, 55.385272, 54.443524, 53.794258 ] }, { "date": "2025-10-10", "close": 55.880001, "volume": 5579, "typical_volume": 6955.55, "trend": 53.0985, "fair_value": 52.346442, "relative_strength": -7.008705, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.837979, "energy": 54.879087, "activity_lines": [ 55.891333, 55.58, 54.642762, 53.977473 ] }, { "date": "2025-10-17", "close": 56.23, "volume": 5830, "typical_volume": 7063.8, "trend": 53.1765, "fair_value": 52.412981, "relative_strength": -5.385269, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.585851, "energy": 54.652597, "activity_lines": [ 56.028, 55.765454, 54.860524, 54.179505 ] }, { "date": "2025-10-24", "close": 56.639999, "volume": 11748, "typical_volume": 7492.55, "trend": 53.2805, "fair_value": 52.478814, "relative_strength": -5.94107, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.672081, "energy": 57.800416, "activity_lines": [ 56.277333, 55.978363, 55.100143, 54.402957 ] }, { "date": "2025-10-31", "close": 55.529999, "volume": 5776, "typical_volume": 7501.4, "trend": 53.508167, "fair_value": 52.532019, "relative_strength": -8.837535, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.655277, "energy": 48.52212, "activity_lines": [ 56.069999, 55.942, 55.21819, 54.548086 ] }, { "date": "2025-11-07", "close": 54.779999, "volume": 18331, "typical_volume": 7264.65, "trend": 53.731833, "fair_value": 52.562917, "relative_strength": -9.027312, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.341388, "energy": 33.958586, "activity_lines": [ 55.618666, 55.761454, 55.251476, 54.630139 ] }, { "date": "2025-11-14", "close": 56.25, "volume": 3259, "typical_volume": 7085.85, "trend": 53.959333, "fair_value": 52.608237, "relative_strength": -8.439265, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.440017, "energy": 32.499577, "activity_lines": [ 55.764666, 55.854363, 55.410333, 54.792602 ] }, { "date": "2025-11-21", "close": 55.110001, "volume": 5472, "typical_volume": 6114.9, "trend": 54.108333, "fair_value": 52.638686, "relative_strength": -6.949049, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.683983, "energy": 20.462612, "activity_lines": [ 55.506, 55.719273, 55.440904, 54.866839 ] }, { "date": "2025-11-28", "close": 57.560001, "volume": 3743, "typical_volume": 6176.65, "trend": 54.298333, "fair_value": 52.681635, "relative_strength": -3.864918, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.103484, "energy": 38.626078, "activity_lines": [ 56.138667, 56.043455, 55.694285, 55.089527 ] }, { "date": "2025-12-05", "close": 57.759998, "volume": 22926, "typical_volume": 7239.05, "trend": 54.489, "fair_value": 52.728942, "relative_strength": -3.302997, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.577546, "energy": 49.621356, "activity_lines": [ 56.776666, 56.363636, 55.946381, 55.31286 ] }, { "date": "2025-12-12", "close": 57.950001, "volume": 6314, "typical_volume": 7106.95, "trend": 54.648333, "fair_value": 52.792821, "relative_strength": -2.817041, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.078402, "energy": 63.837784, "activity_lines": [ 57.329333, 56.679454, 56.192666, 55.53615 ] }, { "date": "2025-12-19", "close": 58.889999, "volume": 4983, "typical_volume": 7168.9, "trend": 54.852333, "fair_value": 52.861474, "relative_strength": -3.627781, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.007903, "energy": 81.212695, "activity_lines": [ 57.984, 57.137818, 56.507047, 55.809806 ] }, { "date": "2025-12-26", "close": 59.540001, "volume": 3706, "typical_volume": 6267.2, "trend": 55.083, "fair_value": 52.938141, "relative_strength": -1.917855, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.412094, "energy": 84.932822, "activity_lines": [ 58.679333, 57.659636, 56.849905, 56.112236 ] }, { "date": "2026-01-02", "close": 59.330002, "volume": 1626, "typical_volume": 6138.65, "trend": 55.283667, "fair_value": 52.997756, "relative_strength": -3.566735, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.169604, "energy": 80.224257, "activity_lines": [ 59.009334, 58.083091, 57.144667, 56.386237 ] }, { "date": "2026-01-09", "close": 62.540001, "volume": 20856, "typical_volume": 7139.75, "trend": 55.610667, "fair_value": 53.071859, "relative_strength": 1.11453, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.123738, "energy": 92.027633, "activity_lines": [ 60.291334, 59.041273, 57.719905, 56.854387 ] }, { "date": "2026-01-16", "close": 63.900002, "volume": 32350, "typical_volume": 8709.4, "trend": 56.015667, "fair_value": 53.154038, "relative_strength": 3.345301, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.451464, "energy": 95.558455, "activity_lines": [ 61.708001, 60.119274, 58.389238, 57.389183 ] }, { "date": "2026-01-23", "close": 65.160004, "volume": 51241, "typical_volume": 11006.05, "trend": 56.450667, "fair_value": 53.240256, "relative_strength": 7.787628, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.292994, "energy": 95.906268, "activity_lines": [ 63.148002, 61.260547, 59.136763, 57.97914 ] }, { "date": "2026-01-30", "close": 63.900002, "volume": 87912, "typical_volume": 15256.05, "trend": 56.817334, "fair_value": 53.318077, "relative_strength": 4.290723, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.328359, "energy": 88.594825, "activity_lines": [ 63.750002, 62.010729, 59.716429, 58.459742 ] }, { "date": "2026-02-06", "close": 65.260002, "volume": 55506, "typical_volume": 17966.25, "trend": 57.216334, "fair_value": 53.411474, "relative_strength": 5.863442, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.18047, "energy": 85.754284, "activity_lines": [ 64.514669, 62.848365, 60.387382, 59.004431 ] }, { "date": "2026-02-13", "close": 67.849998, "volume": 22600, "typical_volume": 18899.85, "trend": 57.72, "fair_value": 53.521474, "relative_strength": 11.16596, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.312443, "energy": 80.991428, "activity_lines": [ 65.747334, 64.01691, 61.257763, 59.690474 ] }, { "date": "2026-02-20", "close": 68.150002, "volume": 49785, "typical_volume": 20977.15, "trend": 58.21, "fair_value": 53.641378, "relative_strength": 9.173788, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.927943, "energy": 72.339014, "activity_lines": [ 66.726001, 65.056547, 62.098477, 60.363377 ] }, { "date": "2026-02-27", "close": 70.720001, "volume": 51562, "typical_volume": 23276.3, "trend": 58.838334, "fair_value": 53.761507, "relative_strength": 11.445268, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.074661, "energy": 87.273213, "activity_lines": [ 68.278001, 66.378001, 63.127953, 61.170474 ] }, { "date": "2026-03-06", "close": 67.190002, "volume": 41189, "typical_volume": 25044.25, "trend": 59.29, "fair_value": 53.875321, "relative_strength": 13.039938, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.579559, "energy": 68.535682, "activity_lines": [ 68.282668, 66.842547, 63.750573, 61.709291 ] }, { "date": "2026-03-13", "close": 65.550003, "volume": 41207, "typical_volume": 26517.2, "trend": 59.674, "fair_value": 53.99125, "relative_strength": 9.746718, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.618188, "energy": 61.131991, "activity_lines": [ 67.521335, 66.86982, 64.164811, 62.113162 ] }, { "date": "2026-03-20", "close": 61.049999, "volume": 19850, "typical_volume": 27220.9, "trend": 59.872334, "fair_value": 54.076635, "relative_strength": 5.667022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.460813, "energy": 31.815288, "activity_lines": [ 65.240668, 65.965819, 64.108049, 62.201936 ] }, { "date": "2026-03-27", "close": 63.57, "volume": 27506, "typical_volume": 27679.65, "trend": 60.154001, "fair_value": 54.165064, "relative_strength": 8.534246, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.340227, "energy": 25.814863, "activity_lines": [ 64.253334, 65.547092, 64.265001, 62.440495 ] }, { "date": "2026-04-03", "close": 66.360001, "volume": 27321, "typical_volume": 28882.75, "trend": 60.529001, "fair_value": 54.278301, "relative_strength": 7.645282, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.005581, "energy": 26.942407, "activity_lines": [ 64.501334, 65.641637, 64.645811, 62.840883 ] }, { "date": "2026-04-10", "close": 68.559998, "volume": 40327, "typical_volume": 30625.5, "trend": 60.952, "fair_value": 54.399135, "relative_strength": 6.537837, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.152959, "energy": 26.129063, "activity_lines": [ 65.773333, 66.114364, 65.188001, 63.359011 ] }, { "date": "2026-04-17", "close": 69.160004, "volume": 15909, "typical_volume": 31233.8, "trend": 61.412667, "fair_value": 54.526378, "relative_strength": 4.637451, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.858301, "energy": 44.958302, "activity_lines": [ 67.154001, 66.611455, 65.723287, 63.88856 ] }, { "date": "2026-04-24", "close": 67.82, "volume": 34821, "typical_volume": 31828.55, "trend": 61.819334, "fair_value": 54.648558, "relative_strength": 5.121343, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.27549, "energy": 51.305674, "activity_lines": [ 67.847334, 66.794001, 66.075715, 64.301936 ] }, { "date": "2026-05-01", "close": 66.650002, "volume": 14100, "typical_volume": 32217.85, "trend": 62.161334, "fair_value": 54.76218, "relative_strength": 2.003333, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.334638, "energy": 49.90455, "activity_lines": [ 67.699335, 66.764365, 66.268811, 64.613592 ] }, { "date": "2026-05-08", "close": 67.980003, "volume": 26907, "typical_volume": 33314.05, "trend": 62.564667, "fair_value": 54.886955, "relative_strength": 1.752304, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.483939, "energy": 44.766201, "activity_lines": [ 67.789335, 67.00382, 66.547144, 64.98899 ] }, { "date": "2026-05-15", "close": 67.199997, "volume": 53705, "typical_volume": 35814.0, "trend": 62.930334, "fair_value": 55.003494, "relative_strength": 0.854718, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.988276, "energy": 32.20901, "activity_lines": [ 67.511334, 67.151273, 66.707906, 65.288044 ] }, { "date": "2026-05-22", "close": 67.5, "volume": 55233, "typical_volume": 38494.35, "trend": 63.292334, "fair_value": 55.130096, "relative_strength": 0.458961, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.744528, "energy": 28.295752, "activity_lines": [ 67.424, 67.353091, 66.860763, 65.582861 ] }, { "date": "2026-05-29", "close": 69.220001, "volume": 58033, "typical_volume": 40353.2, "trend": 63.748667, "fair_value": 55.260577, "relative_strength": 1.833782, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.525597, "energy": 36.70471, "activity_lines": [ 68.020667, 67.832182, 67.138525, 65.965291 ] }, { "date": "2026-06-05", "close": 67.720001, "volume": 8511, "typical_volume": 39161.25, "trend": 64.180001, "fair_value": 55.380833, "relative_strength": -0.148059, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.28736, "energy": 31.997038, "activity_lines": [ 68.024, 67.890001, 67.24162, 66.221506 ] }, { "date": "2026-06-12", "close": 68.529999, "volume": 4870, "typical_volume": 36842.7, "trend": 64.589334, "fair_value": 55.499359, "relative_strength": -2.092415, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.195921, "energy": 35.241391, "activity_lines": [ 68.226, 68.019637, 67.403667, 66.502151 ] }, { "date": "2026-06-19", "close": 68.309998, "volume": 2088, "typical_volume": 32551.5, "trend": 65.029334, "fair_value": 55.628398, "relative_strength": -4.86764, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.771406, "energy": 39.054355, "activity_lines": [ 68.317999, 68.069818, 67.528715, 66.742194 ] }, { "date": "2026-06-26", "close": 67.440002, "volume": 503, "typical_volume": 29801.35, "trend": 65.358667, "fair_value": 55.743654, "relative_strength": -3.183163, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.232958, "energy": 27.907373, "activity_lines": [ 68.046, 67.966364, 67.549905, 66.897721 ] }, { "date": "2026-07-03", "close": 68.489998, "volume": 2511, "typical_volume": 28796.9, "trend": 65.716334, "fair_value": 55.871122, "relative_strength": -4.516683, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.427855, "energy": 30.427468, "activity_lines": [ 68.127999, 68.085091, 67.660714, 67.099742 ] }, { "date": "2026-07-10", "close": 66.559998, "volume": 38197, "typical_volume": 28217.5, "trend": 66.003334, "fair_value": 55.980128, "relative_strength": -6.7605, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.34556, "energy": 11.877174, "activity_lines": [ 67.615332, 67.840727, 67.584667, 67.154172 ] }, { "date": "2026-07-17", "close": 65.580002, "volume": 9906, "typical_volume": 26134.7, "trend": 66.226334, "fair_value": 56.081603, "relative_strength": -6.778672, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.263215, "energy": 10.040148, "activity_lines": [ 66.853333, 67.419818, 67.422857, 67.126861 ] }, { "date": "2026-07-24", "close": 66.760002, "volume": 25704, "typical_volume": 25360.45, "trend": 66.467001, "fair_value": 56.181539, "relative_strength": -4.922832, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.272586, "energy": 14.235543, "activity_lines": [ 66.681334, 67.257091, 67.397905, 67.161291 ] }, { "date": "2026-07-31", "close": 65.82, "volume": 16661, "typical_volume": 24133.15, "trend": 66.683334, "fair_value": 56.281667, "relative_strength": -6.879199, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.811316, "energy": 23.643397, "activity_lines": [ 66.299334, 66.931455, 67.285476, 67.119549 ] }, { "date": "2026-08-07", "close": 70.150002, "volume": 24543, "typical_volume": 24367.8, "trend": 66.937001, "fair_value": 56.414199, "relative_strength": -3.629455, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.150973, "energy": 19.340474, "activity_lines": [ 67.468668, 67.423637, 67.584143, 67.343205 ] } ], "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." } } }