{ "ticker": { "uuid": "41100c1e-f19a-4347-bf15-8a434526ce5b", "symbol": "EVG", "name": "Eaton Vance Short Duration Diversified Income Fund", "exchange": "NYSE", "country": "US", "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": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 83.998, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "up", "architecture_direction": 16.761, "architecture_energy": 11.278, "architecture_maturity": 38.001, "architecture_confidence": 59.545, "architecture_tenure": "Established", "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": 59.07, "rotation_up": 30.26, "upward_expansion": 50.92, "deceleration": 72.77, "rotation_down": 30.2, "downward_expansion": 26.59 }, "activity_lines": [ 10.589807, 10.618226, 10.62709, 10.597798 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 10.61, "trend_reference": 10.579695, "distance_from_trend": 0.002864, "trend_direction": "Improving", "fair_value": 9.674046, "distance_from_fair_value": 0.096749, "fair_value_direction": "Weakening", "relative_strength": -10.494641, "relative_strength_direction": "Weakening", "price_momentum": -0.007155, "excess_performance": -0.13278, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.002864, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.004827, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.096749, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.045545, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.104946, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.021933, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.007155, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.956421, "read": "Supply-led" } ], "volume": { "latest": 294417, "relative_activity": 1.827702, "balance": 0.956421, "dry_up": 1.128381, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.020833, "annualized_volatility": 0.079244, "from_high_reference": -0.030855, "from_low_reference": 0.041907 }, "levels": { "trend_reference": 10.579695, "fair_value_reference": 9.674046, "structural_low": 10.183254, "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": 19, "median_return": 0.006976, "positive_rate": 0.789474, "directional_follow_through": 0.789474, "median_excess_return": -0.014162, "regime_survival": 0.473684, "best_return": 0.057738, "worst_return": -0.082809, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.014529, "positive_rate": 0.555556, "directional_follow_through": 0.555556, "median_excess_return": -0.05215, "regime_survival": 0.444444, "best_return": 0.081874, "worst_return": -0.095623, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.016148, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.014972, "regime_survival": 0.5, "best_return": 0.101976, "worst_return": -0.128775, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.094241, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.073373, "regime_survival": 0.333333, "best_return": 0.118663, "worst_return": -0.141731, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-08", "end": "2024-03-29", "tenure": "Established", "return": 0.050841, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-05", "end": "2024-05-10", "tenure": "Developing", "return": 0.035415, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-17", "end": "2024-12-27", "tenure": "Extended", "return": 0.064011, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-03", "end": "2025-02-07", "tenure": "Developing", "return": 0.052452, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-03-28", "tenure": "Developing", "return": -0.008509, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": 0.007619, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-18", "end": "2025-04-25", "tenure": "New", "return": 0.000936, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-07-04", "tenure": "Developing", "return": 0.022819, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-10-10", "tenure": "Established", "return": 0.010929, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-17", "end": "2026-02-06", "tenure": "Established", "return": 0.028097, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-03-06", "tenure": "New", "return": -0.028583, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-13", "end": "2026-03-20", "tenure": "New", "return": -0.009056, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.03672, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": 0.00163, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 7.839748, "volume": 85667, "typical_volume": 177363.45, "trend": 7.680991, "fair_value": 7.911424, "relative_strength": -6.341955, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.879203, "energy": 57.808234, "activity_lines": [ 7.831931, 7.753007, 7.643329, 7.641175 ] }, { "date": "2023-08-25", "close": 7.88427, "volume": 122883, "typical_volume": 168428.7, "trend": 7.680092, "fair_value": 7.918577, "relative_strength": -6.332071, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.425645, "energy": 54.975224, "activity_lines": [ 7.856673, 7.790323, 7.670868, 7.65429 ] }, { "date": "2023-09-01", "close": 8.010293, "volume": 158299, "typical_volume": 167257.05, "trend": 7.681159, "fair_value": 7.926463, "relative_strength": -6.970346, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.553972, "energy": 60.775671, "activity_lines": [ 7.912637, 7.842524, 7.708922, 7.675593 ] }, { "date": "2023-09-08", "close": 7.955237, "volume": 69342, "typical_volume": 163847.55, "trend": 7.678652, "fair_value": 7.93373, "relative_strength": -6.270943, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 68.000653, "energy": 69.935038, "activity_lines": [ 7.936796, 7.874884, 7.739934, 7.693275 ] }, { "date": "2023-09-15", "close": 8.026046, "volume": 169163, "typical_volume": 161425.65, "trend": 7.67776, "fair_value": 7.941337, "relative_strength": -5.068632, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.450418, "energy": 70.122978, "activity_lines": [ 7.97269, 7.913828, 7.776032, 7.715688 ] }, { "date": "2023-09-22", "close": 8.267321, "volume": 178931, "typical_volume": 161142.25, "trend": 7.68961, "fair_value": 7.950969, "relative_strength": 0.88086, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.505528, "energy": 82.506643, "activity_lines": [ 8.080757, 7.989203, 7.832893, 7.753724 ] }, { "date": "2023-09-29", "close": 8.22765, "volume": 230452, "typical_volume": 166455.0, "trend": 7.702642, "fair_value": 7.959851, "relative_strength": 1.173626, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.820868, "energy": 80.946331, "activity_lines": [ 8.147096, 8.045259, 7.882832, 7.788436 ] }, { "date": "2023-10-06", "close": 8.180046, "volume": 199844, "typical_volume": 165846.65, "trend": 7.720098, "fair_value": 7.966293, "relative_strength": 0.241952, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.21687, "energy": 67.411652, "activity_lines": [ 8.174675, 8.083476, 7.92448, 7.819237 ] }, { "date": "2023-10-13", "close": 8.037232, "volume": 106263, "typical_volume": 160120.5, "trend": 7.735047, "fair_value": 7.972123, "relative_strength": -1.747097, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.739923, "energy": 53.378191, "activity_lines": [ 8.143332, 8.088971, 7.949346, 7.839697 ] }, { "date": "2023-10-20", "close": 7.938373, "volume": 130685, "typical_volume": 157619.7, "trend": 7.744984, "fair_value": 7.97711, "relative_strength": -0.38561, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.314816, "energy": 37.994138, "activity_lines": [ 8.07357, 8.071764, 7.961635, 7.852815 ] }, { "date": "2023-10-27", "close": 7.730521, "volume": 155033, "typical_volume": 152095.8, "trend": 7.738643, "fair_value": 7.981187, "relative_strength": -0.368589, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 21.855201, "energy": 17.049749, "activity_lines": [ 7.940369, 8.016109, 7.951768, 7.851882 ] }, { "date": "2023-11-03", "close": 8.050294, "volume": 302616, "typical_volume": 158403.95, "trend": 7.754584, "fair_value": 7.986124, "relative_strength": -1.707137, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.883778, "energy": 21.745115, "activity_lines": [ 7.949546, 8.020581, 7.970618, 7.871988 ] }, { "date": "2023-11-10", "close": 7.922385, "volume": 142680, "typical_volume": 160344.2, "trend": 7.76424, "fair_value": 7.989397, "relative_strength": -4.341425, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.545408, "energy": 19.537733, "activity_lines": [ 7.927909, 7.998778, 7.974394, 7.882814 ] }, { "date": "2023-11-17", "close": 8.090266, "volume": 142606, "typical_volume": 156639.75, "trend": 7.780354, "fair_value": 7.993304, "relative_strength": -4.265785, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.020754, "energy": 18.190252, "activity_lines": [ 7.979411, 8.009097, 7.992001, 7.903848 ] }, { "date": "2023-11-24", "close": 8.109654, "volume": 79603, "typical_volume": 155887.4, "trend": 7.798641, "fair_value": 7.996932, "relative_strength": -4.722861, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.581333, "energy": 27.360881, "activity_lines": [ 8.03384, 8.020486, 8.009165, 7.925093 ] }, { "date": "2023-12-01", "close": 8.19824, "volume": 150712, "typical_volume": 154534.05, "trend": 7.818354, "fair_value": 8.001068, "relative_strength": -4.290952, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 56.833547, "energy": 33.436066, "activity_lines": [ 8.106379, 8.046462, 8.03242, 7.950874 ] }, { "date": "2023-12-08", "close": 8.335146, "volume": 186193, "typical_volume": 157751.8, "trend": 7.848231, "fair_value": 8.006468, "relative_strength": -2.701597, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.914079, "energy": 54.15363, "activity_lines": [ 8.193371, 8.098586, 8.065872, 7.984215 ] }, { "date": "2023-12-15", "close": 8.415679, "volume": 186260, "typical_volume": 156021.05, "trend": 7.878356, "fair_value": 8.012557, "relative_strength": -3.760537, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.988949, "energy": 64.324996, "activity_lines": [ 8.288218, 8.163397, 8.104076, 8.020825 ] }, { "date": "2023-12-22", "close": 8.485522, "volume": 190013, "typical_volume": 155034.85, "trend": 7.915427, "fair_value": 8.018786, "relative_strength": -3.579117, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.985394, "energy": 71.029601, "activity_lines": [ 8.37346, 8.236623, 8.14604, 8.059997 ] }, { "date": "2023-12-29", "close": 8.420623, "volume": 189950, "typical_volume": 158859.75, "trend": 7.948026, "fair_value": 8.024753, "relative_strength": -4.426348, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.192141, "energy": 67.782922, "activity_lines": [ 8.410718, 8.289899, 8.178451, 8.09259 ] }, { "date": "2024-01-05", "close": 8.469297, "volume": 124148, "typical_volume": 160783.8, "trend": 7.984813, "fair_value": 8.030295, "relative_strength": -2.14099, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.193025, "energy": 67.459449, "activity_lines": [ 8.44347, 8.343256, 8.213029, 8.12622 ] }, { "date": "2024-01-12", "close": 8.388174, "volume": 269208, "typical_volume": 168100.05, "trend": 8.01633, "fair_value": 8.033141, "relative_strength": -4.614902, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.860907, "energy": 52.748046, "activity_lines": [ 8.43111, 8.368431, 8.236883, 8.152244 ] }, { "date": "2024-01-19", "close": 8.574758, "volume": 210817, "typical_volume": 170725.95, "trend": 8.053167, "fair_value": 8.036929, "relative_strength": -3.411515, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.346697, "energy": 52.341444, "activity_lines": [ 8.47741, 8.421387, 8.276108, 8.188271 ] }, { "date": "2024-01-26", "close": 8.604762, "volume": 184659, "typical_volume": 176491.8, "trend": 8.086351, "fair_value": 8.041105, "relative_strength": -3.84826, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.524801, "energy": 58.305691, "activity_lines": [ 8.523105, 8.467937, 8.315502, 8.223858 ] }, { "date": "2024-02-02", "close": 8.819067, "volume": 312341, "typical_volume": 183650.7, "trend": 8.12642, "fair_value": 8.045834, "relative_strength": -2.652998, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.337347, "energy": 82.213041, "activity_lines": [ 8.632287, 8.544098, 8.372213, 8.27113 ] }, { "date": "2024-02-09", "close": 8.745507, "volume": 260595, "typical_volume": 187733.9, "trend": 8.164553, "fair_value": 8.050326, "relative_strength": -4.530602, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.020113, "energy": 83.253535, "activity_lines": [ 8.690385, 8.593985, 8.418142, 8.311071 ] }, { "date": "2024-02-16", "close": 8.720987, "volume": 275169, "typical_volume": 189969.75, "trend": 8.197836, "fair_value": 8.054368, "relative_strength": -4.212449, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.037779, "energy": 81.017715, "activity_lines": [ 8.721896, 8.629464, 8.459459, 8.34697 ] }, { "date": "2024-02-23", "close": 8.760311, "volume": 428108, "typical_volume": 201382.95, "trend": 8.229563, "fair_value": 8.059133, "relative_strength": -5.05855, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.086887, "energy": 79.174169, "activity_lines": [ 8.744328, 8.665077, 8.502172, 8.383259 ] }, { "date": "2024-03-01", "close": 8.883812, "volume": 261302, "typical_volume": 209134.9, "trend": 8.26645, "fair_value": 8.064258, "relative_strength": -4.419701, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.446664, "energy": 71.158586, "activity_lines": [ 8.795556, 8.716879, 8.553884, 8.425468 ] }, { "date": "2024-03-08", "close": 8.793245, "volume": 124309, "typical_volume": 208816.1, "trend": 8.296149, "fair_value": 8.068881, "relative_strength": -4.886474, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.57478, "energy": 57.684974, "activity_lines": [ 8.797992, 8.744973, 8.592939, 8.459455 ] }, { "date": "2024-03-15", "close": 8.776778, "volume": 191427, "typical_volume": 210635.8, "trend": 8.327383, "fair_value": 8.073439, "relative_strength": -4.754405, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.055284, "energy": 56.621644, "activity_lines": [ 8.796661, 8.763297, 8.626354, 8.490463 ] }, { "date": "2024-03-22", "close": 8.775503, "volume": 172278, "typical_volume": 204118.9, "trend": 8.357091, "fair_value": 8.078087, "relative_strength": -6.574128, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.814259, "energy": 53.179079, "activity_lines": [ 8.79282, 8.7758, 8.654667, 8.519374 ] }, { "date": "2024-03-29", "close": 8.758914, "volume": 231559, "typical_volume": 208562.85, "trend": 8.382045, "fair_value": 8.081798, "relative_strength": -6.795459, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.665224, "energy": 44.654229, "activity_lines": [ 8.779815, 8.778244, 8.677945, 8.545298 ] }, { "date": "2024-04-05", "close": 8.709148, "volume": 251538, "typical_volume": 214009.45, "trend": 8.407175, "fair_value": 8.084993, "relative_strength": -6.297434, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.236527, "energy": 34.511562, "activity_lines": [ 8.750314, 8.768291, 8.692501, 8.566402 ] }, { "date": "2024-04-12", "close": 8.67597, "volume": 317815, "typical_volume": 225920.05, "trend": 8.42884, "fair_value": 8.087699, "relative_strength": -5.086945, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.78252, "energy": 26.22055, "activity_lines": [ 8.721398, 8.750408, 8.70095, 8.583743 ] }, { "date": "2024-04-19", "close": 8.684264, "volume": 154024, "typical_volume": 226085.65, "trend": 8.442738, "fair_value": 8.0908, "relative_strength": -1.860885, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.955409, "energy": 19.648102, "activity_lines": [ 8.703065, 8.736634, 8.707492, 8.600222 ] }, { "date": "2024-04-26", "close": 8.70418, "volume": 141384, "typical_volume": 223845.2, "trend": 8.458622, "fair_value": 8.093743, "relative_strength": -4.034972, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.299367, "energy": 17.857767, "activity_lines": [ 8.697538, 8.727596, 8.713617, 8.61709 ] }, { "date": "2024-05-03", "close": 8.817004, "volume": 123153, "typical_volume": 220689.85, "trend": 8.479854, "fair_value": 8.097291, "relative_strength": -3.214978, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.518533, "energy": 24.774378, "activity_lines": [ 8.734375, 8.739376, 8.728729, 8.640211 ] }, { "date": "2024-05-10", "close": 9.01758, "volume": 180648, "typical_volume": 220221.6, "trend": 8.512532, "fair_value": 8.103038, "relative_strength": -2.720809, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 73.94059, "energy": 46.257439, "activity_lines": [ 8.834197, 8.786594, 8.761033, 8.674903 ] }, { "date": "2024-05-17", "close": 9.042652, "volume": 113434, "typical_volume": 216395.8, "trend": 8.549341, "fair_value": 8.108807, "relative_strength": -3.919751, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.109625, "energy": 67.589562, "activity_lines": [ 8.921814, 8.835938, 8.793191, 8.709104 ] }, { "date": "2024-05-24", "close": 9.045077, "volume": 95749, "typical_volume": 214975.85, "trend": 8.59316, "fair_value": 8.114392, "relative_strength": -3.816591, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.940823, "energy": 76.890349, "activity_lines": [ 8.985795, 8.881188, 8.822617, 8.741087 ] }, { "date": "2024-05-31", "close": 9.209227, "volume": 112756, "typical_volume": 207153.25, "trend": 8.631791, "fair_value": 8.12067, "relative_strength": -1.667141, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.596403, "energy": 85.327491, "activity_lines": [ 9.080438, 8.951406, 8.864936, 8.780834 ] }, { "date": "2024-06-07", "close": 9.251316, "volume": 178047, "typical_volume": 205514.75, "trend": 8.676089, "fair_value": 8.126578, "relative_strength": -2.439794, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.111908, "energy": 82.347076, "activity_lines": [ 9.15544, 9.021391, 8.907353, 8.820803 ] }, { "date": "2024-06-14", "close": 9.183973, "volume": 84092, "typical_volume": 200486.4, "trend": 8.712546, "fair_value": 8.131894, "relative_strength": -4.69433, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.075074, "energy": 72.177632, "activity_lines": [ 9.179041, 9.070178, 8.940134, 8.85357 ] }, { "date": "2024-06-21", "close": 9.166295, "volume": 72748, "typical_volume": 188506.75, "trend": 8.747767, "fair_value": 8.137319, "relative_strength": -5.418846, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.10036, "energy": 54.204236, "activity_lines": [ 9.185656, 9.107118, 8.968474, 8.882844 ] }, { "date": "2024-06-28", "close": 9.157816, "volume": 112708, "typical_volume": 181112.4, "trend": 8.779753, "fair_value": 8.141963, "relative_strength": -5.396717, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.304621, "energy": 49.639893, "activity_lines": [ 9.181203, 9.133602, 8.994353, 8.909299 ] }, { "date": "2024-07-05", "close": 9.24261, "volume": 93519, "typical_volume": 172029.9, "trend": 8.810002, "fair_value": 8.14703, "relative_strength": -6.218336, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.979833, "energy": 47.454603, "activity_lines": [ 9.197497, 9.166892, 9.026344, 8.93916 ] }, { "date": "2024-07-12", "close": 9.301967, "volume": 158934, "typical_volume": 158571.2, "trend": 8.839545, "fair_value": 8.152478, "relative_strength": -6.462478, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.741746, "energy": 48.384106, "activity_lines": [ 9.231352, 9.201185, 9.061505, 8.9709 ] }, { "date": "2024-07-19", "close": 9.293487, "volume": 167708, "typical_volume": 153891.5, "trend": 8.866477, "fair_value": 8.157572, "relative_strength": -4.634966, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.060501, "energy": 47.818838, "activity_lines": [ 9.259004, 9.225119, 9.093278, 9.000187 ] }, { "date": "2024-07-26", "close": 9.368724, "volume": 220218, "typical_volume": 158686.95, "trend": 8.89808, "fair_value": 8.163638, "relative_strength": -3.046698, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.483408, "energy": 52.601778, "activity_lines": [ 9.304434, 9.257716, 9.130266, 9.03259 ] }, { "date": "2024-08-02", "close": 9.437046, "volume": 228703, "typical_volume": 160550.75, "trend": 8.930338, "fair_value": 8.169083, "relative_strength": -0.231081, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.823891, "energy": 61.800502, "activity_lines": [ 9.359142, 9.296806, 9.171021, 9.067362 ] }, { "date": "2024-08-09", "close": 9.445587, "volume": 238500, "typical_volume": 163861.85, "trend": 8.965586, "fair_value": 8.17369, "relative_strength": -0.129565, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.829157, "energy": 62.001301, "activity_lines": [ 9.398082, 9.330323, 9.209444, 9.100604 ] }, { "date": "2024-08-16", "close": 9.468902, "volume": 186825, "typical_volume": 161625.15, "trend": 8.99539, "fair_value": 8.178649, "relative_strength": -3.615658, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.308321, "energy": 63.941974, "activity_lines": [ 9.431262, 9.363781, 9.246898, 9.133076 ] }, { "date": "2024-08-23", "close": 9.51376, "volume": 225745, "typical_volume": 160335.5, "trend": 9.02569, "fair_value": 8.184006, "relative_strength": -4.376793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.852286, "energy": 60.174684, "activity_lines": [ 9.468266, 9.401439, 9.285242, 9.166519 ] }, { "date": "2024-08-30", "close": 9.556769, "volume": 169503, "typical_volume": 152919.9, "trend": 9.05028, "fair_value": 8.188614, "relative_strength": -4.099319, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.043186, "energy": 61.049529, "activity_lines": [ 9.504921, 9.440921, 9.323852, 9.200782 ] }, { "date": "2024-09-06", "close": 9.573973, "volume": 115880, "typical_volume": 151012.7, "trend": 9.077896, "fair_value": 8.192102, "relative_strength": 0.261973, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.969456, "energy": 68.266557, "activity_lines": [ 9.534774, 9.476431, 9.359905, 9.234569 ] }, { "date": "2024-09-13", "close": 9.651391, "volume": 206185, "typical_volume": 154252.75, "trend": 9.108909, "fair_value": 8.196292, "relative_strength": -2.7024, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.367088, "energy": 71.428463, "activity_lines": [ 9.581305, 9.518451, 9.399095, 9.271568 ] }, { "date": "2024-09-20", "close": 9.737152, "volume": 145192, "typical_volume": 155354.7, "trend": 9.141471, "fair_value": 8.201999, "relative_strength": -2.967195, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.650843, "energy": 81.153009, "activity_lines": [ 9.642703, 9.568631, 9.441942, 9.3121 ] }, { "date": "2024-09-27", "close": 9.702501, "volume": 248187, "typical_volume": 158731.65, "trend": 9.16876, "fair_value": 8.208807, "relative_strength": -3.591707, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.622947, "energy": 74.288703, "activity_lines": [ 9.674667, 9.604598, 9.477107, 9.348296 ] }, { "date": "2024-10-04", "close": 9.816592, "volume": 352084, "typical_volume": 170664.15, "trend": 9.202872, "fair_value": 8.215354, "relative_strength": -2.484088, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.50397, "energy": 71.114807, "activity_lines": [ 9.732078, 9.653873, 9.519877, 9.390091 ] }, { "date": "2024-10-11", "close": 9.702501, "volume": 333339, "typical_volume": 182543.65, "trend": 9.233729, "fair_value": 8.220756, "relative_strength": -4.491467, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.228843, "energy": 55.470088, "activity_lines": [ 9.734138, 9.674261, 9.548095, 9.422325 ] }, { "date": "2024-10-18", "close": 9.667849, "volume": 194359, "typical_volume": 186623.8, "trend": 9.263474, "fair_value": 8.225845, "relative_strength": -5.381867, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.878569, "energy": 49.311743, "activity_lines": [ 9.716079, 9.683522, 9.569883, 9.450333 ] }, { "date": "2024-10-25", "close": 9.754852, "volume": 155793, "typical_volume": 185511.1, "trend": 9.296672, "fair_value": 8.231991, "relative_strength": -3.377999, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.711109, "energy": 48.218136, "activity_lines": [ 9.725923, 9.704561, 9.597772, 9.482035 ] }, { "date": "2024-11-01", "close": 9.894456, "volume": 296057, "typical_volume": 196109.35, "trend": 9.336182, "fair_value": 8.239573, "relative_strength": -0.463725, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.908261, "energy": 49.587886, "activity_lines": [ 9.781122, 9.745783, 9.63656, 9.520601 ] }, { "date": "2024-11-08", "close": 9.824654, "volume": 188466, "typical_volume": 201895.25, "trend": 9.374472, "fair_value": 8.246292, "relative_strength": -5.463673, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.680141, "energy": 47.32203, "activity_lines": [ 9.800257, 9.767392, 9.665316, 9.552116 ] }, { "date": "2024-11-15", "close": 9.628336, "volume": 132520, "typical_volume": 202885.85, "trend": 9.405941, "fair_value": 8.251835, "relative_strength": -5.201188, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.774869, "energy": 38.174056, "activity_lines": [ 9.753414, 9.748437, 9.672241, 9.568494 ] }, { "date": "2024-11-22", "close": 9.701991, "volume": 218012, "typical_volume": 209110.5, "trend": 9.439201, "fair_value": 8.258769, "relative_strength": -5.857669, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.82073, "energy": 29.723705, "activity_lines": [ 9.736068, 9.741885, 9.683939, 9.587594 ] }, { "date": "2024-11-29", "close": 9.807447, "volume": 220267, "typical_volume": 212177.15, "trend": 9.472216, "fair_value": 8.267596, "relative_strength": -5.755375, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.362595, "energy": 27.889642, "activity_lines": [ 9.751598, 9.753586, 9.703494, 9.611352 ] }, { "date": "2024-12-06", "close": 9.917298, "volume": 157290, "typical_volume": 211656.25, "trend": 9.502207, "fair_value": 8.276246, "relative_strength": -5.309276, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.890043, "energy": 35.420463, "activity_lines": [ 9.800238, 9.783982, 9.731103, 9.640067 ] }, { "date": "2024-12-13", "close": 9.948056, "volume": 175450, "typical_volume": 209417.85, "trend": 9.532387, "fair_value": 8.284336, "relative_strength": -4.274848, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.237329, "energy": 43.527678, "activity_lines": [ 9.857609, 9.816066, 9.758672, 9.668831 ] }, { "date": "2024-12-20", "close": 9.728355, "volume": 361902, "typical_volume": 216077.8, "trend": 9.555163, "fair_value": 8.290476, "relative_strength": -4.458156, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.351878, "energy": 35.071681, "activity_lines": [ 9.833519, 9.805813, 9.762557, 9.681474 ] }, { "date": "2024-12-27", "close": 9.621484, "volume": 92710, "typical_volume": 208788.3, "trend": 9.568905, "fair_value": 8.295932, "relative_strength": -5.934545, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.455232, "energy": 19.297298, "activity_lines": [ 9.767137, 9.77566, 9.754878, 9.685753 ] }, { "date": "2025-01-03", "close": 9.559524, "volume": 318130, "typical_volume": 215353.55, "trend": 9.579178, "fair_value": 8.300439, "relative_strength": -5.827234, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.868796, "energy": 7.444415, "activity_lines": [ 9.685469, 9.735083, 9.740459, 9.685148 ] }, { "date": "2025-01-10", "close": 9.674592, "volume": 131128, "typical_volume": 210622.7, "trend": 9.595532, "fair_value": 8.304113, "relative_strength": -2.68595, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.333159, "energy": 16.707593, "activity_lines": [ 9.658685, 9.71898, 9.736568, 9.691304 ] }, { "date": "2025-01-17", "close": 9.74013, "volume": 230619, "typical_volume": 213678.5, "trend": 9.61466, "fair_value": 8.310007, "relative_strength": -4.646328, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.420805, "energy": 14.954452, "activity_lines": [ 9.669928, 9.71879, 9.738153, 9.700633 ] }, { "date": "2025-01-24", "close": 9.869345, "volume": 109818, "typical_volume": 213375.4, "trend": 9.638378, "fair_value": 8.318666, "relative_strength": -4.856223, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.638547, "energy": 12.74789, "activity_lines": [ 9.738104, 9.743631, 9.751171, 9.717064 ] }, { "date": "2025-01-31", "close": 9.971826, "volume": 108071, "typical_volume": 208469.7, "trend": 9.662685, "fair_value": 8.327595, "relative_strength": -2.721553, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.148798, "energy": 41.300514, "activity_lines": [ 9.831041, 9.782723, 9.772543, 9.738577 ] }, { "date": "2025-02-07", "close": 10.060939, "volume": 269159, "typical_volume": 214668.05, "trend": 9.687984, "fair_value": 8.339033, "relative_strength": -1.577785, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.92014, "energy": 59.51823, "activity_lines": [ 9.930326, 9.83311, 9.800875, 9.76427 ] }, { "date": "2025-02-14", "close": 10.002124, "volume": 180051, "typical_volume": 211261.25, "trend": 9.711605, "fair_value": 8.35032, "relative_strength": -3.446821, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.802575, "energy": 65.085302, "activity_lines": [ 9.976578, 9.868196, 9.822065, 9.784538 ] }, { "date": "2025-02-21", "close": 10.038006, "volume": 116370, "typical_volume": 199475.55, "trend": 9.733915, "fair_value": 8.363923, "relative_strength": -1.441592, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.633508, "energy": 69.552528, "activity_lines": [ 10.012956, 9.908263, 9.845244, 9.805596 ] }, { "date": "2025-02-28", "close": 10.038006, "volume": 121821, "typical_volume": 188899.65, "trend": 9.753947, "fair_value": 8.37783, "relative_strength": -0.412771, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.387261, "energy": 65.53355, "activity_lines": [ 10.029475, 9.946694, 9.86737, 9.825215 ] }, { "date": "2025-03-07", "close": 9.901744, "volume": 157026, "typical_volume": 187033.0, "trend": 9.769152, "fair_value": 8.391341, "relative_strength": 1.374253, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.973505, "energy": 38.680477, "activity_lines": [ 9.98933, 9.954721, 9.87492, 9.83475 ] }, { "date": "2025-03-14", "close": 9.80863, "volume": 237456, "typical_volume": 191116.15, "trend": 9.780476, "fair_value": 8.403734, "relative_strength": 2.75471, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.99982, "energy": 21.36586, "activity_lines": [ 9.922819, 9.940722, 9.872489, 9.837297 ] }, { "date": "2025-03-21", "close": 9.871854, "volume": 199955, "typical_volume": 186311.05, "trend": 9.792413, "fair_value": 8.417135, "relative_strength": 2.840455, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.045179, "energy": 16.986916, "activity_lines": [ 9.894203, 9.933689, 9.875823, 9.843192 ] }, { "date": "2025-03-28", "close": 9.917013, "volume": 253863, "typical_volume": 189580.9, "trend": 9.804421, "fair_value": 8.429861, "relative_strength": 4.752515, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.049298, "energy": 18.155432, "activity_lines": [ 9.889324, 9.931281, 9.883566, 9.851231 ] }, { "date": "2025-04-04", "close": 9.483482, "volume": 385010, "typical_volume": 202205.4, "trend": 9.801404, "fair_value": 8.440684, "relative_strength": 9.943173, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.145378, "energy": 26.727145, "activity_lines": [ 9.748002, 9.846832, 9.84958, 9.830525 ] }, { "date": "2025-04-11", "close": 9.555737, "volume": 207919, "typical_volume": 201700.75, "trend": 9.798216, "fair_value": 8.452409, "relative_strength": 4.752186, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.657766, "energy": 32.479371, "activity_lines": [ 9.667733, 9.782537, 9.823165, 9.814676 ] }, { "date": "2025-04-18", "close": 9.712823, "volume": 107143, "typical_volume": 196044.55, "trend": 9.797405, "fair_value": 8.46514, "relative_strength": 7.913423, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.266153, "energy": 30.296843, "activity_lines": [ 9.662893, 9.754368, 9.812407, 9.809166 ] }, { "date": "2025-04-25", "close": 9.721917, "volume": 126934, "typical_volume": 194526.75, "trend": 9.798052, "fair_value": 8.478903, "relative_strength": 3.225143, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.567346, "energy": 31.400321, "activity_lines": [ 9.667471, 9.734181, 9.802966, 9.804296 ] }, { "date": "2025-05-02", "close": 10.031036, "volume": 113295, "typical_volume": 191419.0, "trend": 9.8052, "fair_value": 8.496638, "relative_strength": 3.450599, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.243566, "energy": 10.5725, "activity_lines": [ 9.785085, 9.775293, 9.823895, 9.819327 ] }, { "date": "2025-05-09", "close": 9.949277, "volume": 298569, "typical_volume": 188252.35, "trend": 9.813426, "fair_value": 8.515086, "relative_strength": 3.036223, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.298648, "energy": 15.449743, "activity_lines": [ 9.867844, 9.801666, 9.836643, 9.828623 ] }, { "date": "2025-05-16", "close": 9.897839, "volume": 531259, "typical_volume": 210179.8, "trend": 9.821092, "fair_value": 8.531657, "relative_strength": -2.577593, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.196536, "energy": 17.44084, "activity_lines": [ 9.902405, 9.8203, 9.843439, 9.834069 ] }, { "date": "2025-05-23", "close": 9.852058, "volume": 161511, "typical_volume": 202348.85, "trend": 9.824333, "fair_value": 8.547583, "relative_strength": -0.469074, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 35.928889, "energy": 24.527735, "activity_lines": [ 9.898898, 9.830682, 9.84456, 9.836067 ] }, { "date": "2025-05-30", "close": 9.879527, "volume": 112856, "typical_volume": 201435.25, "trend": 9.823835, "fair_value": 8.563282, "relative_strength": -1.830576, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.097078, "energy": 20.083078, "activity_lines": [ 9.895265, 9.845268, 9.846903, 9.839627 ] }, { "date": "2025-06-06", "close": 9.861214, "volume": 118581, "typical_volume": 195833.35, "trend": 9.825054, "fair_value": 8.579802, "relative_strength": -3.48917, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 41.139483, "energy": 17.721362, "activity_lines": [ 9.87502, 9.856385, 9.846527, 9.842039 ] }, { "date": "2025-06-13", "close": 9.998557, "volume": 251877, "typical_volume": 202936.3, "trend": 9.837394, "fair_value": 8.598541, "relative_strength": -1.751358, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.930465, "energy": 22.222623, "activity_lines": [ 9.911878, 9.893488, 9.858654, 9.853233 ] }, { "date": "2025-06-20", "close": 9.955729, "volume": 79241, "typical_volume": 201494.8, "trend": 9.845852, "fair_value": 8.615677, "relative_strength": -1.982781, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.269323, "energy": 22.753795, "activity_lines": [ 9.931175, 9.913439, 9.866088, 9.860867 ] }, { "date": "2025-06-27", "close": 10.149313, "volume": 212136, "typical_volume": 198643.65, "trend": 9.857248, "fair_value": 8.631756, "relative_strength": -3.371525, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.408228, "energy": 42.826315, "activity_lines": [ 10.01114, 9.961314, 9.892034, 9.880445 ] }, { "date": "2025-07-04", "close": 10.259932, "volume": 89210, "typical_volume": 194101.6, "trend": 9.868669, "fair_value": 8.649129, "relative_strength": -3.897353, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 70.240761, "energy": 63.48994, "activity_lines": [ 10.108162, 10.021366, 9.928095, 9.906425 ] }, { "date": "2025-07-11", "close": 10.32446, "volume": 302294, "typical_volume": 203397.8, "trend": 9.881216, "fair_value": 8.667097, "relative_strength": -2.997618, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.189051, "energy": 71.47128, "activity_lines": [ 10.201332, 10.083368, 9.969073, 9.935831 ] }, { "date": "2025-07-18", "close": 10.236117, "volume": 158728, "typical_volume": 205243.15, "trend": 9.898141, "fair_value": 8.683865, "relative_strength": -4.345216, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.018939, "energy": 69.936318, "activity_lines": [ 10.234172, 10.123973, 10.000274, 9.958728 ] }, { "date": "2025-07-25", "close": 10.236117, "volume": 140923, "typical_volume": 204438.0, "trend": 9.918629, "fair_value": 8.699407, "relative_strength": -5.630337, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.103202, "energy": 70.191111, "activity_lines": [ 10.251174, 10.159362, 10.030532, 9.980533 ] }, { "date": "2025-08-01", "close": 10.273238, "volume": 142960, "typical_volume": 199713.2, "trend": 9.942419, "fair_value": 8.713824, "relative_strength": -2.790874, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.151715, "energy": 66.690637, "activity_lines": [ 10.261857, 10.195351, 10.062732, 10.003411 ] }, { "date": "2025-08-08", "close": 10.431003, "volume": 240432, "typical_volume": 201737.05, "trend": 9.967633, "fair_value": 8.728479, "relative_strength": -3.521339, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.162268, "energy": 65.108952, "activity_lines": [ 10.316867, 10.252366, 10.107746, 10.034932 ] }, { "date": "2025-08-15", "close": 10.583477, "volume": 267279, "typical_volume": 202407.85, "trend": 9.995745, "fair_value": 8.744703, "relative_strength": -2.970366, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.564727, "energy": 76.053912, "activity_lines": [ 10.411297, 10.327076, 10.164618, 10.074664 ] }, { "date": "2025-08-22", "close": 10.499407, "volume": 136973, "typical_volume": 190006.0, "trend": 10.016747, "fair_value": 8.760193, "relative_strength": -3.925851, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.212614, "energy": 72.503248, "activity_lines": [ 10.460436, 10.37337, 10.21031, 10.107158 ] }, { "date": "2025-08-29", "close": 10.536771, "volume": 261009, "typical_volume": 192660.5, "trend": 10.035578, "fair_value": 8.777709, "relative_strength": -3.454088, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.648661, "energy": 72.278472, "activity_lines": [ 10.504477, 10.41735, 10.254722, 10.140708 ] }, { "date": "2025-09-05", "close": 10.648865, "volume": 150911, "typical_volume": 194848.9, "trend": 10.055176, "fair_value": 8.79576, "relative_strength": -2.592715, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.957153, "energy": 73.260793, "activity_lines": [ 10.565839, 10.471147, 10.305139, 10.180275 ] }, { "date": "2025-09-12", "close": 10.648865, "volume": 159981, "typical_volume": 196501.25, "trend": 10.076734, "fair_value": 8.813674, "relative_strength": -3.969682, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.946414, "energy": 71.736277, "activity_lines": [ 10.602159, 10.51586, 10.351098, 10.218578 ] }, { "date": "2025-09-19", "close": 10.60655, "volume": 138753, "typical_volume": 197774.15, "trend": 10.095685, "fair_value": 8.833563, "relative_strength": -5.371903, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.431776, "energy": 59.092605, "activity_lines": [ 10.60985, 10.545809, 10.388614, 10.252759 ] }, { "date": "2025-09-26", "close": 10.503117, "volume": 114362, "typical_volume": 188563.8, "trend": 10.111189, "fair_value": 8.855608, "relative_strength": -5.887732, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.776371, "energy": 51.679072, "activity_lines": [ 10.581525, 10.551823, 10.413537, 10.279045 ] }, { "date": "2025-10-03", "close": 10.474908, "volume": 369215, "typical_volume": 180461.6, "trend": 10.130294, "fair_value": 8.876086, "relative_strength": -6.998015, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.513221, "energy": 38.000505, "activity_lines": [ 10.54355, 10.547853, 10.433138, 10.302511 ] }, { "date": "2025-10-10", "close": 10.437296, "volume": 138494, "typical_volume": 179310.75, "trend": 10.15125, "fair_value": 8.89623, "relative_strength": -4.930183, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.832171, "energy": 28.97789, "activity_lines": [ 10.497162, 10.532704, 10.446407, 10.322318 ] }, { "date": "2025-10-17", "close": 10.394412, "volume": 147978, "typical_volume": 181066.85, "trend": 10.168669, "fair_value": 8.913801, "relative_strength": -6.82459, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.569687, "energy": 21.852267, "activity_lines": [ 10.450583, 10.506774, 10.452806, 10.338005 ] }, { "date": "2025-10-24", "close": 10.650013, "volume": 142036, "typical_volume": 182239.6, "trend": 10.193102, "fair_value": 8.932406, "relative_strength": -6.203799, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.09454, "energy": 26.517407, "activity_lines": [ 10.506169, 10.527982, 10.481096, 10.36906 ] }, { "date": "2025-10-31", "close": 10.631079, "volume": 194542, "typical_volume": 179372.85, "trend": 10.231355, "fair_value": 8.950143, "relative_strength": -6.822413, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.512076, "energy": 32.402897, "activity_lines": [ 10.552546, 10.544538, 10.503827, 10.397317 ] }, { "date": "2025-11-07", "close": 10.422812, "volume": 244684, "typical_volume": 187645.0, "trend": 10.260258, "fair_value": 8.965893, "relative_strength": -7.02151, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.225369, "energy": 25.899873, "activity_lines": [ 10.520969, 10.520834, 10.503711, 10.409669 ] }, { "date": "2025-11-14", "close": 10.503279, "volume": 136551, "typical_volume": 183865.75, "trend": 10.286606, "fair_value": 8.98188, "relative_strength": -6.329181, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.013765, "energy": 27.009977, "activity_lines": [ 10.519688, 10.513831, 10.509034, 10.425347 ] }, { "date": "2025-11-21", "close": 10.42703, "volume": 206249, "typical_volume": 189717.7, "trend": 10.31011, "fair_value": 8.996643, "relative_strength": -5.115991, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.966262, "energy": 11.482888, "activity_lines": [ 10.488592, 10.495613, 10.505409, 10.434407 ] }, { "date": "2025-11-28", "close": 10.550935, "volume": 171298, "typical_volume": 183167.9, "trend": 10.32744, "fair_value": 9.013515, "relative_strength": -7.300288, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.655727, "energy": 12.58166, "activity_lines": [ 10.496622, 10.503955, 10.51279, 10.449944 ] }, { "date": "2025-12-05", "close": 10.465155, "volume": 232450, "typical_volume": 186854.0, "trend": 10.344636, "fair_value": 9.030118, "relative_strength": -8.229715, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.662281, "energy": 8.985926, "activity_lines": [ 10.482665, 10.497713, 10.510922, 10.458829 ] }, { "date": "2025-12-12", "close": 10.446093, "volume": 162586, "typical_volume": 187937.15, "trend": 10.362911, "fair_value": 9.046318, "relative_strength": -7.72567, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.898358, "energy": 7.396932, "activity_lines": [ 10.473415, 10.488695, 10.506149, 10.465375 ] }, { "date": "2025-12-19", "close": 10.383645, "volume": 323169, "typical_volume": 196947.6, "trend": 10.380631, "fair_value": 9.063065, "relative_strength": -8.240388, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.128902, "energy": 5.955094, "activity_lines": [ 10.441797, 10.468847, 10.494428, 10.466712 ] }, { "date": "2025-12-26", "close": 10.517999, "volume": 162879, "typical_volume": 193069.95, "trend": 10.401913, "fair_value": 9.082236, "relative_strength": -8.242682, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.893433, "energy": 8.751279, "activity_lines": [ 10.46294, 10.474402, 10.494976, 10.475575 ] }, { "date": "2026-01-02", "close": 10.460419, "volume": 225548, "typical_volume": 190983.4, "trend": 10.421886, "fair_value": 9.099758, "relative_strength": -7.681499, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.548408, "energy": 8.317972, "activity_lines": [ 10.458824, 10.467241, 10.489627, 10.479349 ] }, { "date": "2026-01-09", "close": 10.537193, "volume": 195596, "typical_volume": 193914.55, "trend": 10.439841, "fair_value": 9.116826, "relative_strength": -8.285768, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.029943, "energy": 11.67847, "activity_lines": [ 10.486335, 10.477486, 10.492176, 10.486788 ] }, { "date": "2026-01-16", "close": 10.589844, "volume": 296163, "typical_volume": 195672.25, "trend": 10.460978, "fair_value": 9.134232, "relative_strength": -7.379436, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.252508, "energy": 19.331057, "activity_lines": [ 10.526593, 10.499011, 10.499559, 10.496466 ] }, { "date": "2026-01-23", "close": 10.589844, "volume": 115891, "typical_volume": 193921.25, "trend": 10.475663, "fair_value": 9.151402, "relative_strength": -6.938279, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 49.275346, "energy": 30.456998, "activity_lines": [ 10.557267, 10.517499, 10.506689, 10.50478 ] }, { "date": "2026-01-30", "close": 10.628493, "volume": 225872, "typical_volume": 197215.8, "trend": 10.487948, "fair_value": 9.168391, "relative_strength": -6.816126, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 55.898334, "energy": 40.591975, "activity_lines": [ 10.587079, 10.541441, 10.517782, 10.51464 ] }, { "date": "2026-02-06", "close": 10.686466, "volume": 275996, "typical_volume": 204077.95, "trend": 10.500015, "fair_value": 9.185417, "relative_strength": -5.963534, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 61.193452, "energy": 52.567949, "activity_lines": [ 10.628848, 10.57226, 10.534492, 10.527448 ] }, { "date": "2026-02-13", "close": 10.725115, "volume": 206958, "typical_volume": 208707.75, "trend": 10.516315, "fair_value": 9.202547, "relative_strength": -4.298757, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.440657, "energy": 58.747459, "activity_lines": [ 10.66843, 10.607641, 10.554503, 10.54197 ] }, { "date": "2026-02-20", "close": 10.613112, "volume": 170737, "typical_volume": 198783.85, "trend": 10.528881, "fair_value": 9.219863, "relative_strength": -6.184805, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.748659, "energy": 49.802098, "activity_lines": [ 10.65815, 10.617933, 10.56279, 10.548215 ] }, { "date": "2026-02-27", "close": 10.603384, "volume": 201911, "typical_volume": 201954.7, "trend": 10.539886, "fair_value": 9.237598, "relative_strength": -5.619969, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.612858, "energy": 39.120678, "activity_lines": [ 10.643076, 10.623418, 10.569492, 10.553022 ] }, { "date": "2026-03-06", "close": 10.418554, "volume": 147284, "typical_volume": 201920.0, "trend": 10.539471, "fair_value": 9.255304, "relative_strength": -5.176571, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 16.450944, "energy": 8.248779, "activity_lines": [ 10.565489, 10.591303, 10.5578, 10.545194 ] }, { "date": "2026-03-13", "close": 10.350459, "volume": 347425, "typical_volume": 212189.45, "trend": 10.531704, "fair_value": 9.273008, "relative_strength": -4.135079, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.409605, "energy": 18.416259, "activity_lines": [ 10.4792, 10.548615, 10.539508, 10.533 ] }, { "date": "2026-03-20", "close": 10.256726, "volume": 186851, "typical_volume": 211804.9, "trend": 10.523614, "fair_value": 9.28978, "relative_strength": -3.046077, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.738029, "energy": 46.484645, "activity_lines": [ 10.384067, 10.490884, 10.513716, 10.515259 ] }, { "date": "2026-03-27", "close": 10.217541, "volume": 169114, "typical_volume": 208026.4, "trend": 10.512973, "fair_value": 9.304503, "relative_strength": -0.98464, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.052651, "energy": 64.211589, "activity_lines": [ 10.307099, 10.431128, 10.485974, 10.495513 ] }, { "date": "2026-04-03", "close": 10.393874, "volume": 97805, "typical_volume": 206089.1, "trend": 10.504474, "fair_value": 9.322591, "relative_strength": -2.252546, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.341923, "energy": 58.654294, "activity_lines": [ 10.315279, 10.410202, 10.476004, 10.487829 ] }, { "date": "2026-04-10", "close": 10.501634, "volume": 132247, "typical_volume": 202389.0, "trend": 10.499566, "fair_value": 9.340982, "relative_strength": -4.37368, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.919437, "energy": 36.734854, "activity_lines": [ 10.373347, 10.412431, 10.476817, 10.487645 ] }, { "date": "2026-04-17", "close": 10.592731, "volume": 155768, "typical_volume": 201612.5, "trend": 10.499105, "fair_value": 9.360122, "relative_strength": -7.298109, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.711235, "energy": 11.132459, "activity_lines": [ 10.456241, 10.43353, 10.485951, 10.493656 ] }, { "date": "2026-04-24", "close": 10.592731, "volume": 181294, "typical_volume": 199054.7, "trend": 10.502093, "fair_value": 9.379556, "relative_strength": -7.457372, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.641685, "energy": 10.012942, "activity_lines": [ 10.522985, 10.456333, 10.494886, 10.499696 ] }, { "date": "2026-05-01", "close": 10.592731, "volume": 126600, "typical_volume": 197255.4, "trend": 10.50602, "fair_value": 9.398696, "relative_strength": -7.965441, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.520283, "energy": 14.122952, "activity_lines": [ 10.567328, 10.481544, 10.503214, 10.505544 ] }, { "date": "2026-05-08", "close": 10.7604, "volume": 430703, "typical_volume": 202632.1, "trend": 10.51679, "fair_value": 9.419988, "relative_strength": -8.301353, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 62.31534, "energy": 37.500651, "activity_lines": [ 10.642548, 10.53761, 10.526811, 10.521956 ] }, { "date": "2026-05-15", "close": 10.60654, "volume": 106366, "typical_volume": 199806.45, "trend": 10.523861, "fair_value": 9.439826, "relative_strength": -9.528737, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 51.989441, "energy": 38.783118, "activity_lines": [ 10.642046, 10.562846, 10.533961, 10.527746 ] }, { "date": "2026-05-22", "close": 10.596608, "volume": 155920, "typical_volume": 196325.05, "trend": 10.522081, "fair_value": 9.460487, "relative_strength": -10.071057, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.478526, "energy": 32.063665, "activity_lines": [ 10.63124, 10.582859, 10.539744, 10.532439 ] }, { "date": "2026-05-29", "close": 10.834958, "volume": 159819, "typical_volume": 194536.2, "trend": 10.528877, "fair_value": 9.482233, "relative_strength": -9.074712, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 62.536229, "energy": 42.453185, "activity_lines": [ 10.699625, 10.641733, 10.567578, 10.552625 ] }, { "date": "2026-06-05", "close": 10.566815, "volume": 115445, "typical_volume": 185500.3, "trend": 10.533677, "fair_value": 9.502753, "relative_strength": -8.790561, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.572472, "energy": 24.771734, "activity_lines": [ 10.662481, 10.641341, 10.568457, 10.555073 ] }, { "date": "2026-06-12", "close": 10.593803, "volume": 82225, "typical_volume": 183817.0, "trend": 10.536694, "fair_value": 9.522952, "relative_strength": -8.778539, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 35.905968, "energy": 18.785504, "activity_lines": [ 10.63606, 10.639504, 10.572016, 10.558952 ] }, { "date": "2026-06-19", "close": 10.687039, "volume": 133056, "typical_volume": 179176.2, "trend": 10.545361, "fair_value": 9.543577, "relative_strength": -8.528754, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.978465, "energy": 24.628112, "activity_lines": [ 10.651825, 10.650985, 10.584435, 10.568651 ] }, { "date": "2026-06-26", "close": 10.617514, "volume": 143188, "typical_volume": 172535.8, "trend": 10.547581, "fair_value": 9.562861, "relative_strength": -6.667546, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 33.642127, "energy": 14.647479, "activity_lines": [ 10.639048, 10.646454, 10.589955, 10.573306 ] }, { "date": "2026-07-03", "close": 10.716836, "volume": 141839, "typical_volume": 169279.85, "trend": 10.55597, "fair_value": 9.582731, "relative_strength": -7.541145, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 42.345028, "energy": 19.987948, "activity_lines": [ 10.657985, 10.659531, 10.605262, 10.584226 ] }, { "date": "2026-07-10", "close": 10.677107, "volume": 163263, "typical_volume": 168906.15, "trend": 10.563671, "fair_value": 9.602447, "relative_strength": -8.832372, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.447588, "energy": 26.643731, "activity_lines": [ 10.671553, 10.663127, 10.616824, 10.592041 ] }, { "date": "2026-07-17", "close": 10.7, "volume": 131262, "typical_volume": 165373.7, "trend": 10.574216, "fair_value": 9.621533, "relative_strength": -6.962024, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.762044, "energy": 27.85155, "activity_lines": [ 10.6854, 10.669353, 10.630262, 10.600837 ] }, { "date": "2026-07-24", "close": 10.56, "volume": 123227, "typical_volume": 164170.85, "trend": 10.575616, "fair_value": 9.639171, "relative_strength": -7.412775, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 30.64277, "energy": 15.296307, "activity_lines": [ 10.6455, 10.651221, 10.629907, 10.59992 ] }, { "date": "2026-07-31", "close": 10.51, "volume": 178159, "typical_volume": 155707.55, "trend": 10.577268, "fair_value": 9.656689, "relative_strength": -8.549813, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 18.508777, "energy": 9.77514, "activity_lines": [ 10.597403, 10.624845, 10.624117, 10.595686 ] }, { "date": "2026-08-07", "close": 10.61, "volume": 294417, "typical_volume": 161085.85, "trend": 10.579695, "fair_value": 9.674046, "relative_strength": -10.494641, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 16.760566, "energy": 11.278053, "activity_lines": [ 10.589807, 10.618226, 10.62709, 10.597798 ] } ], "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." } } }