{ "ticker": { "uuid": "44f64075-f273-4ae3-a32c-e6b48d78d726", "symbol": "FLXC", "name": "Franklin FTSE China UCITS ETF", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 87.35, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -12.259, "architecture_energy": 18.377, "architecture_maturity": 99.353, "architecture_confidence": 45.6, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 50.11, "rotation_up": 39.89, "upward_expansion": 23.02, "deceleration": 41.29, "rotation_down": 17.85, "downward_expansion": 54.69 }, "activity_lines": [ 26.050667, 25.682818, 25.859643, 26.137645 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 26.535, "trend_reference": 26.6525, "distance_from_trend": -0.004409, "trend_direction": "Weakening", "fair_value": 23.653449, "distance_from_fair_value": 0.121824, "fair_value_direction": "Weakening", "relative_strength": -17.496896, "relative_strength_direction": "Weakening", "price_momentum": -0.057873, "excess_performance": -0.228765, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.004409, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.034388, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.121824, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.047522, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.174969, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.04923, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.057873, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.663154, "read": "Supply-led" } ], "volume": { "latest": 86285, "relative_activity": 1.037466, "balance": 0.663154, "dry_up": 1.089505, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.027888, "annualized_volatility": 0.160731, "from_high_reference": -0.127138, "from_low_reference": 0.103785 }, "levels": { "trend_reference": 26.6525, "fair_value_reference": 23.653449, "structural_low": 24.040001, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 31, "median_return": -0.027974, "positive_rate": 0.387097, "directional_follow_through": 0.612903, "median_excess_return": -0.029935, "regime_survival": 0.870968, "best_return": 0.131871, "worst_return": -0.096781, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.045709, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.086734, "regime_survival": 0.7, "best_return": 0.20602, "worst_return": -0.105164, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.001885, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.190586, "regime_survival": 0.4, "best_return": 0.079447, "worst_return": -0.142811, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.002961, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.011558, "regime_survival": 0.333333, "best_return": 0.203444, "worst_return": -0.141196, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-16", "end": "2024-09-20", "tenure": "Developing", "return": -0.01302, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-09-27", "end": "2024-10-04", "tenure": "New", "return": 0.140915, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2024-11-15", "tenure": "Developing", "return": -0.058258, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-22", "end": "2024-12-20", "tenure": "Developing", "return": 0.039134, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-27", "end": "2025-01-10", "tenure": "New", "return": -0.057173, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-01-31", "tenure": "New", "return": 0.051113, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-04-04", "tenure": "Developing", "return": -0.057455, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-11", "end": "2025-05-16", "tenure": "Developing", "return": 0.132549, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-07-25", "tenure": "Developing", "return": 0.053618, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-01", "end": "2025-08-15", "tenure": "New", "return": 0.040062, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2025-11-21", "tenure": "Established", "return": 0.007212, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-02-06", "tenure": "Developing", "return": -0.013658, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-03-06", "tenure": "New", "return": -0.045209, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-13", "end": "2026-08-07", "tenure": "Established", "return": -0.039283, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 19.906, "volume": 14533, "typical_volume": 29717.5, "trend": 21.736867, "fair_value": 26.42534, "relative_strength": -16.477218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.076983, "energy": 25.655588, "activity_lines": [ 20.824333, 20.829455, 20.914976, 21.187398 ] }, { "date": "2023-08-25", "close": 20.065001, "volume": 13468, "typical_volume": 29936.1, "trend": 21.561033, "fair_value": 26.361045, "relative_strength": -16.372399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.154466, "energy": 37.479223, "activity_lines": [ 20.515267, 20.688437, 20.818019, 21.079536 ] }, { "date": "2023-09-01", "close": 21.145, "volume": 25988, "typical_volume": 30650.45, "trend": 21.464533, "fair_value": 26.310115, "relative_strength": -12.555578, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.254428, "energy": 37.599251, "activity_lines": [ 20.5882, 20.773236, 20.834776, 21.052695 ] }, { "date": "2023-09-08", "close": 20.35, "volume": 37614, "typical_volume": 26489.9, "trend": 21.352533, "fair_value": 26.25534, "relative_strength": -13.928897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.156629, "energy": 42.849973, "activity_lines": [ 20.467467, 20.697127, 20.779295, 20.980789 ] }, { "date": "2023-09-15", "close": 20.59, "volume": 7033, "typical_volume": 24086.65, "trend": 21.268867, "fair_value": 26.200019, "relative_strength": -14.224013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.498451, "energy": 29.124235, "activity_lines": [ 20.5214, 20.667109, 20.751838, 20.931594 ] }, { "date": "2023-09-22", "close": 20.57, "volume": 26814, "typical_volume": 24928.5, "trend": 21.212533, "fair_value": 26.149346, "relative_strength": -12.70467, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.048364, "energy": 20.989711, "activity_lines": [ 20.574333, 20.628727, 20.725524, 20.886505 ] }, { "date": "2023-09-29", "close": 20.305, "volume": 21426, "typical_volume": 25207.2, "trend": 21.109867, "fair_value": 26.089186, "relative_strength": -12.172525, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.908531, "energy": 26.903507, "activity_lines": [ 20.494667, 20.544527, 20.677519, 20.827955 ] }, { "date": "2023-10-06", "close": 20.174999, "volume": 16582, "typical_volume": 25663.9, "trend": 21.056033, "fair_value": 26.024282, "relative_strength": -10.748125, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.031655, "energy": 28.427249, "activity_lines": [ 20.355666, 20.438327, 20.620705, 20.767641 ] }, { "date": "2023-10-13", "close": 20.325001, "volume": 10924, "typical_volume": 25378.35, "trend": 21.007533, "fair_value": 25.955917, "relative_strength": -10.917539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.584348, "energy": 29.511343, "activity_lines": [ 20.331333, 20.396491, 20.582724, 20.720477 ] }, { "date": "2023-10-20", "close": 19.153999, "volume": 13118, "typical_volume": 22610.1, "trend": 20.901167, "fair_value": 25.881776, "relative_strength": -12.902065, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.789394, "energy": 58.249195, "activity_lines": [ 19.918333, 20.168018, 20.434862, 20.600895 ] }, { "date": "2023-10-27", "close": 19.628, "volume": 20567, "typical_volume": 22296.5, "trend": 20.798933, "fair_value": 25.808398, "relative_strength": -10.374326, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.945111, "energy": 61.168751, "activity_lines": [ 19.759066, 20.053382, 20.341076, 20.518755 ] }, { "date": "2023-11-03", "close": 19.966, "volume": 13194, "typical_volume": 21791.6, "trend": 20.719633, "fair_value": 25.729173, "relative_strength": -12.927152, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.064046, "energy": 54.715719, "activity_lines": [ 19.775267, 20.005254, 20.286824, 20.465017 ] }, { "date": "2023-11-10", "close": 19.594, "volume": 9141, "typical_volume": 21430.3, "trend": 20.6436, "fair_value": 25.651378, "relative_strength": -13.747727, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.09808, "energy": 59.049616, "activity_lines": [ 19.690067, 19.891291, 20.205329, 20.392396 ] }, { "date": "2023-11-17", "close": 19.705999, "volume": 21018, "typical_volume": 21358.45, "trend": 20.585967, "fair_value": 25.572667, "relative_strength": -15.833664, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.285642, "energy": 40.337061, "activity_lines": [ 19.680933, 19.825891, 20.1376, 20.331905 ] }, { "date": "2023-11-24", "close": 19.785999, "volume": 22435, "typical_volume": 21723.1, "trend": 20.537833, "fair_value": 25.492865, "relative_strength": -15.024251, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.829726, "energy": 31.49283, "activity_lines": [ 19.739733, 19.786745, 20.0812, 20.280295 ] }, { "date": "2023-12-01", "close": 19.243999, "volume": 24425, "typical_volume": 21299.7, "trend": 20.4688, "fair_value": 25.416224, "relative_strength": -18.218908, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.673279, "energy": 40.509702, "activity_lines": [ 19.575733, 19.663672, 19.975771, 20.196821 ] }, { "date": "2023-12-08", "close": 18.694, "volume": 26193, "typical_volume": 19987.6, "trend": 20.3901, "fair_value": 25.33859, "relative_strength": -21.173943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.940774, "energy": 62.349068, "activity_lines": [ 19.253999, 19.464709, 19.824895, 20.082318 ] }, { "date": "2023-12-15", "close": 18.854, "volume": 38164, "typical_volume": 20424.95, "trend": 20.314233, "fair_value": 25.261468, "relative_strength": -19.796258, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.340285, "energy": 67.925738, "activity_lines": [ 19.0704, 19.324127, 19.697357, 19.983215 ] }, { "date": "2023-12-22", "close": 18.162001, "volume": 40195, "typical_volume": 21006.5, "trend": 20.230633, "fair_value": 25.180199, "relative_strength": -22.08145, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.933197, "energy": 81.576333, "activity_lines": [ 18.705467, 19.081745, 19.519919, 19.844361 ] }, { "date": "2023-12-29", "close": 18.681999, "volume": 17746, "typical_volume": 21028.9, "trend": 20.152367, "fair_value": 25.102167, "relative_strength": -19.21833, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.30762, "energy": 74.075176, "activity_lines": [ 18.6168, 18.973236, 19.409185, 19.744449 ] }, { "date": "2024-01-05", "close": 18.427999, "volume": 28904, "typical_volume": 21747.45, "trend": 20.060967, "fair_value": 25.011128, "relative_strength": -19.831065, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.585, "energy": 71.757602, "activity_lines": [ 18.517066, 18.827127, 19.283752, 19.6332 ] }, { "date": "2024-01-12", "close": 18.16, "volume": 45363, "typical_volume": 23342.2, "trend": 19.943467, "fair_value": 24.913564, "relative_strength": -20.360954, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.275671, "energy": 71.167069, "activity_lines": [ 18.3824, 18.654109, 19.139833, 19.510557 ] }, { "date": "2024-01-19", "close": 17.1, "volume": 69598, "typical_volume": 25522.7, "trend": 19.838633, "fair_value": 24.798244, "relative_strength": -23.776216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.177738, "energy": 83.441908, "activity_lines": [ 17.93, 18.3212, 18.904033, 19.327107 ] }, { "date": "2024-01-26", "close": 17.969999, "volume": 71587, "typical_volume": 27221.35, "trend": 19.7548, "fair_value": 24.695103, "relative_strength": -19.380543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.872435, "energy": 66.713756, "activity_lines": [ 17.884533, 18.191818, 18.770352, 19.20655 ] }, { "date": "2024-02-02", "close": 17.016001, "volume": 41655, "typical_volume": 28952.45, "trend": 19.644333, "fair_value": 24.573635, "relative_strength": -23.828081, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.432345, "energy": 77.817628, "activity_lines": [ 17.533867, 17.920545, 18.557147, 19.029854 ] }, { "date": "2024-02-09", "close": 17.652, "volume": 141991, "typical_volume": 34711.3, "trend": 19.542733, "fair_value": 24.446436, "relative_strength": -21.462734, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.982051, "energy": 61.933885, "activity_lines": [ 17.506267, 17.815273, 18.421533, 18.901316 ] }, { "date": "2024-02-16", "close": 18.445999, "volume": 113736, "typical_volume": 39326.8, "trend": 19.477766, "fair_value": 24.325833, "relative_strength": -18.876802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.19565, "energy": 45.063972, "activity_lines": [ 17.795066, 17.883309, 18.375433, 18.830559 ] }, { "date": "2024-02-23", "close": 18.83, "volume": 129088, "typical_volume": 44952.1, "trend": 19.364933, "fair_value": 24.229006, "relative_strength": -19.101199, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.773196, "energy": 27.656597, "activity_lines": [ 18.1928, 18.025673, 18.374757, 18.788768 ] }, { "date": "2024-03-01", "close": 18.718, "volume": 62303, "typical_volume": 47521.05, "trend": 19.2632, "fair_value": 24.137583, "relative_strength": -19.559997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.659061, "energy": 22.785808, "activity_lines": [ 18.437867, 18.148109, 18.369819, 18.74703 ] }, { "date": "2024-03-08", "close": 18.156, "volume": 71957, "typical_volume": 50463.0, "trend": 19.179233, "fair_value": 24.041468, "relative_strength": -22.534994, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.514806, "energy": 23.967179, "activity_lines": [ 18.445733, 18.158254, 18.319009, 18.675598 ] }, { "date": "2024-03-15", "close": 18.872, "volume": 41382, "typical_volume": 51503.75, "trend": 19.144766, "fair_value": 23.948692, "relative_strength": -20.098558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.232935, "energy": 17.972956, "activity_lines": [ 18.616267, 18.308145, 18.341143, 18.655776 ] }, { "date": "2024-03-22", "close": 18.738001, "volume": 31187, "typical_volume": 52403.4, "trend": 19.100533, "fair_value": 23.864417, "relative_strength": -20.905358, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.001352, "energy": 12.574887, "activity_lines": [ 18.6608, 18.4256, 18.354114, 18.629533 ] }, { "date": "2024-03-29", "close": 18.822001, "volume": 130224, "typical_volume": 58457.55, "trend": 19.0231, "fair_value": 23.771224, "relative_strength": -20.827054, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.355144, "energy": 10.600761, "activity_lines": [ 18.713867, 18.547818, 18.380933, 18.611563 ] }, { "date": "2024-04-05", "close": 18.822001, "volume": 38820, "typical_volume": 59347.65, "trend": 18.972167, "fair_value": 23.685212, "relative_strength": -18.493476, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.595857, "energy": 12.814327, "activity_lines": [ 18.767467, 18.638728, 18.411429, 18.598589 ] }, { "date": "2024-04-12", "close": 18.927999, "volume": 38975, "typical_volume": 60174.65, "trend": 18.916767, "fair_value": 23.598564, "relative_strength": -16.907105, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.70637, "energy": 14.547975, "activity_lines": [ 18.849467, 18.733418, 18.456229, 18.59574 ] }, { "date": "2024-04-19", "close": 18.898001, "volume": 27608, "typical_volume": 60333.8, "trend": 18.861033, "fair_value": 23.510122, "relative_strength": -16.91498, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.191614, "energy": 21.724248, "activity_lines": [ 18.87, 18.787891, 18.502257, 18.594529 ] }, { "date": "2024-04-26", "close": 20.139999, "volume": 33304, "typical_volume": 60689.35, "trend": 18.855533, "fair_value": 23.433167, "relative_strength": -11.806662, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 45.744838, "energy": 51.457415, "activity_lines": [ 19.3028, 19.045527, 18.668219, 18.677043 ] }, { "date": "2024-05-03", "close": 21.08, "volume": 44721, "typical_volume": 61017.2, "trend": 18.8857, "fair_value": 23.365378, "relative_strength": -5.570346, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 64.189219, "energy": 75.405919, "activity_lines": [ 19.955467, 19.443273, 18.916819, 18.820557 ] }, { "date": "2024-05-10", "close": 21.33, "volume": 60875, "typical_volume": 62051.2, "trend": 18.9192, "fair_value": 23.306564, "relative_strength": -6.867913, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 89.794903, "energy": 93.573569, "activity_lines": [ 20.540933, 19.845564, 19.178629, 18.978254 ] }, { "date": "2024-05-17", "close": 22.225, "volume": 49610, "typical_volume": 63644.4, "trend": 19.021567, "fair_value": 23.251308, "relative_strength": -4.605642, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.448912, "energy": 97.24224, "activity_lines": [ 21.257533, 20.363091, 19.510591, 19.191531 ] }, { "date": "2024-05-24", "close": 20.975, "volume": 57138, "typical_volume": 65056.1, "trend": 19.066467, "fair_value": 23.182205, "relative_strength": -7.15142, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.099164, "energy": 88.061633, "activity_lines": [ 21.337667, 20.579364, 19.706633, 19.317559 ] }, { "date": "2024-05-31", "close": 20.379999, "volume": 55980, "typical_volume": 65586.95, "trend": 19.080267, "fair_value": 23.107429, "relative_strength": -9.292324, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.701607, "energy": 81.921177, "activity_lines": [ 21.081, 20.649218, 19.833881, 19.402303 ] }, { "date": "2024-06-07", "close": 20.66, "volume": 25749, "typical_volume": 63394.5, "trend": 19.1158, "fair_value": 23.036724, "relative_strength": -7.993849, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.4601, "energy": 56.953316, "activity_lines": [ 20.901666, 20.740127, 19.977224, 19.504221 ] }, { "date": "2024-06-14", "close": 20.594999, "volume": 41478, "typical_volume": 61889.05, "trend": 19.145433, "fair_value": 22.963071, "relative_strength": -2.252906, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.913424, "energy": 39.842491, "activity_lines": [ 20.728666, 20.7858, 20.097424, 19.599654 ] }, { "date": "2024-06-21", "close": 20.545, "volume": 25518, "typical_volume": 61082.2, "trend": 19.170733, "fair_value": 22.884897, "relative_strength": -4.011373, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.189684, "energy": 31.725788, "activity_lines": [ 20.588, 20.790145, 20.200362, 19.689948 ] }, { "date": "2024-06-28", "close": 20.184999, "volume": 17384, "typical_volume": 54851.85, "trend": 19.2021, "fair_value": 22.808359, "relative_strength": -4.920099, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.510406, "energy": 26.632771, "activity_lines": [ 20.439333, 20.699636, 20.252209, 19.755385 ] }, { "date": "2024-07-05", "close": 20.059999, "volume": 18897, "typical_volume": 50109.9, "trend": 19.247633, "fair_value": 22.738551, "relative_strength": -7.433699, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.437512, "energy": 22.760213, "activity_lines": [ 20.301666, 20.562999, 20.28009, 19.810733 ] }, { "date": "2024-07-12", "close": 20.66, "volume": 28286, "typical_volume": 45069.8, "trend": 19.307833, "fair_value": 22.669513, "relative_strength": -5.945952, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.260915, "energy": 21.418577, "activity_lines": [ 20.385333, 20.536909, 20.357428, 19.901854 ] }, { "date": "2024-07-19", "close": 19.732, "volume": 22412, "typical_volume": 43075.25, "trend": 19.360166, "fair_value": 22.602346, "relative_strength": -8.853327, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.586975, "energy": 16.817083, "activity_lines": [ 20.159666, 20.349727, 20.337671, 19.929219 ] }, { "date": "2024-07-26", "close": 19.360001, "volume": 12900, "typical_volume": 40122.4, "trend": 19.382767, "fair_value": 22.542987, "relative_strength": -9.004, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.047505, "energy": 15.59391, "activity_lines": [ 19.867533, 20.123963, 20.277657, 19.929208 ] }, { "date": "2024-08-02", "close": 19.002001, "volume": 22495, "typical_volume": 39178.05, "trend": 19.4019, "fair_value": 22.481301, "relative_strength": -5.198257, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.502562, "energy": 26.383553, "activity_lines": [ 19.535067, 19.8852, 20.177814, 19.904643 ] }, { "date": "2024-08-09", "close": 19.313999, "volume": 31146, "typical_volume": 39176.0, "trend": 19.440367, "fair_value": 22.420269, "relative_strength": -2.553407, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.835314, "energy": 40.754387, "activity_lines": [ 19.385467, 19.739036, 20.107067, 19.898972 ] }, { "date": "2024-08-16", "close": 19.662001, "volume": 12078, "typical_volume": 33268.7, "trend": 19.525767, "fair_value": 22.371917, "relative_strength": -4.217447, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.984889, "energy": 45.447017, "activity_lines": [ 19.4016, 19.675527, 20.066719, 19.913271 ] }, { "date": "2024-08-23", "close": 19.34, "volume": 20601, "typical_volume": 32357.75, "trend": 19.571433, "fair_value": 22.316244, "relative_strength": -7.098389, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.997466, "energy": 44.957844, "activity_lines": [ 19.376934, 19.571618, 19.991705, 19.901286 ] }, { "date": "2024-08-30", "close": 19.164, "volume": 20439, "typical_volume": 31430.95, "trend": 19.643033, "fair_value": 22.253705, "relative_strength": -9.371587, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.283691, "energy": 29.367302, "activity_lines": [ 19.319733, 19.458527, 19.897462, 19.875 ] }, { "date": "2024-09-06", "close": 18.667999, "volume": 24078, "typical_volume": 31254.45, "trend": 19.6769, "fair_value": 22.186256, "relative_strength": -8.389617, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.406453, "energy": 43.336139, "activity_lines": [ 19.110266, 19.280364, 19.754857, 19.812095 ] }, { "date": "2024-09-13", "close": 18.718, "volume": 25828, "typical_volume": 30880.65, "trend": 19.685967, "fair_value": 22.126981, "relative_strength": -8.45654, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.541466, "energy": 54.348036, "activity_lines": [ 18.939733, 19.138873, 19.618109, 19.75023 ] }, { "date": "2024-09-20", "close": 19.406, "volume": 23501, "typical_volume": 29819.65, "trend": 19.705167, "fair_value": 22.076891, "relative_strength": -5.203013, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.00349, "energy": 38.368654, "activity_lines": [ 19.038266, 19.146873, 19.553657, 19.732168 ] }, { "date": "2024-09-27", "close": 23.17, "volume": 130735, "typical_volume": 33312.65, "trend": 19.853567, "fair_value": 22.048782, "relative_strength": 10.219551, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.597361, "energy": 38.996084, "activity_lines": [ 20.408533, 19.862036, 19.855652, 19.955705 ] }, { "date": "2024-10-04", "close": 26.434999, "volume": 169281, "typical_volume": 39296.2, "trend": 20.129533, "fair_value": 22.035833, "relative_strength": 29.738916, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 88.763497, "energy": 91.312841, "activity_lines": [ 22.6118, 21.108327, 20.459838, 20.380314 ] }, { "date": "2024-10-11", "close": 24.459999, "volume": 138112, "typical_volume": 43344.9, "trend": 20.3158, "fair_value": 22.007628, "relative_strength": 17.573112, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.687871, "energy": 90.02707, "activity_lines": [ 23.671999, 21.86689, 20.855881, 20.659699 ] }, { "date": "2024-10-18", "close": 23.674999, "volume": 70855, "typical_volume": 44088.65, "trend": 20.480366, "fair_value": 21.969327, "relative_strength": 11.000722, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.997977, "energy": 86.789407, "activity_lines": [ 24.084399, 22.38349, 21.160566, 20.876421 ] }, { "date": "2024-10-25", "close": 23.625, "volume": 37134, "typical_volume": 44657.9, "trend": 20.640466, "fair_value": 21.93766, "relative_strength": 12.271975, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.117844, "energy": 86.096553, "activity_lines": [ 24.149666, 22.811709, 21.4448, 21.079301 ] }, { "date": "2024-11-01", "close": 23.52, "volume": 32026, "typical_volume": 44185.3, "trend": 20.797066, "fair_value": 21.909551, "relative_strength": 12.159511, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.07186, "energy": 58.508782, "activity_lines": [ 23.898666, 23.148781, 21.704914, 21.265077 ] }, { "date": "2024-11-08", "close": 23.754999, "volume": 48354, "typical_volume": 45327.1, "trend": 20.957966, "fair_value": 21.873686, "relative_strength": 16.102079, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.264466, "energy": 50.353395, "activity_lines": [ 23.702666, 23.452581, 21.973481, 21.455912 ] }, { "date": "2024-11-15", "close": 23.035, "volume": 35068, "typical_volume": 46211.3, "trend": 21.095866, "fair_value": 21.835609, "relative_strength": 11.328352, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.014725, "energy": 38.242301, "activity_lines": [ 23.445333, 23.542, 22.15819, 21.589914 ] }, { "date": "2024-11-22", "close": 22.870001, "volume": 26258, "typical_volume": 46579.35, "trend": 21.186866, "fair_value": 21.804968, "relative_strength": 12.793222, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.786125, "energy": 31.664814, "activity_lines": [ 23.228, 23.522018, 22.313614, 21.704374 ] }, { "date": "2024-11-29", "close": 23.065001, "volume": 41836, "typical_volume": 47256.85, "trend": 21.253033, "fair_value": 21.779808, "relative_strength": 13.856393, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.874211, "energy": 28.041718, "activity_lines": [ 23.129334, 23.462, 22.474228, 21.825544 ] }, { "date": "2024-12-06", "close": 23.4, "volume": 87404, "typical_volume": 50506.45, "trend": 21.322033, "fair_value": 21.750833, "relative_strength": 10.866648, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.69269, "energy": 25.536017, "activity_lines": [ 23.179667, 23.396364, 22.655295, 21.964058 ] }, { "date": "2024-12-13", "close": 23.635, "volume": 124131, "typical_volume": 56068.0, "trend": 21.369033, "fair_value": 21.730288, "relative_strength": 11.334026, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.182417, "energy": 26.693732, "activity_lines": [ 23.316334, 23.369273, 22.841276, 22.113282 ] }, { "date": "2024-12-20", "close": 23.764999, "volume": 67744, "typical_volume": 58330.45, "trend": 21.462033, "fair_value": 21.709711, "relative_strength": 15.285304, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.105453, "energy": 32.639436, "activity_lines": [ 23.504333, 23.416727, 23.019281, 22.26786 ] }, { "date": "2024-12-27", "close": 23.875, "volume": 27390, "typical_volume": 58142.65, "trend": 21.578533, "fair_value": 21.690288, "relative_strength": 14.179813, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.568721, "energy": 38.786237, "activity_lines": [ 23.680333, 23.496818, 23.185081, 22.423535 ] }, { "date": "2025-01-03", "close": 23.504999, "volume": 12642, "typical_volume": 58170.85, "trend": 21.673366, "fair_value": 21.670897, "relative_strength": 12.225091, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.534086, "energy": 40.482786, "activity_lines": [ 23.665999, 23.506, 23.293924, 22.547823 ] }, { "date": "2025-01-10", "close": 22.51, "volume": 48875, "typical_volume": 59584.55, "trend": 21.7372, "fair_value": 21.642179, "relative_strength": 4.379137, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.342396, "energy": 26.910568, "activity_lines": [ 23.290666, 23.336454, 23.289705, 22.6018 ] }, { "date": "2025-01-17", "close": 23.575001, "volume": 46516, "typical_volume": 60888.4, "trend": 21.8382, "fair_value": 21.617051, "relative_strength": 5.485104, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.295883, "energy": 26.771053, "activity_lines": [ 23.329667, 23.378909, 23.371819, 22.720368 ] }, { "date": "2025-01-24", "close": 23.540001, "volume": 25234, "typical_volume": 60946.2, "trend": 21.950033, "fair_value": 21.601795, "relative_strength": 5.330382, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.934373, "energy": 18.782733, "activity_lines": [ 23.361, 23.418273, 23.429595, 22.830161 ] }, { "date": "2025-01-31", "close": 24.780001, "volume": 105521, "typical_volume": 64930.85, "trend": 22.107367, "fair_value": 21.591442, "relative_strength": 9.626414, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.454478, "energy": 41.554609, "activity_lines": [ 23.820667, 23.673909, 23.582267, 23.01274 ] }, { "date": "2025-02-07", "close": 25.15, "volume": 57882, "typical_volume": 66649.9, "trend": 22.257033, "fair_value": 21.58016, "relative_strength": 9.130072, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.176011, "energy": 70.955093, "activity_lines": [ 24.343334, 23.962091, 23.74131, 23.209039 ] }, { "date": "2025-02-14", "close": 26.370001, "volume": 101576, "typical_volume": 65191.95, "trend": 22.4783, "fair_value": 21.579615, "relative_strength": 11.257072, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.57851, "energy": 87.813576, "activity_lines": [ 25.163001, 24.434182, 23.989191, 23.474391 ] }, { "date": "2025-02-21", "close": 27.834999, "volume": 184450, "typical_volume": 65950.4, "trend": 22.7608, "fair_value": 21.594679, "relative_strength": 15.554637, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.793385, "energy": 97.126026, "activity_lines": [ 26.213667, 25.118637, 24.361357, 23.819985 ] }, { "date": "2025-02-28", "close": 26.785, "volume": 104061, "typical_volume": 64247.85, "trend": 23.020233, "fair_value": 21.607436, "relative_strength": 10.10181, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.61191, "energy": 89.335644, "activity_lines": [ 26.630333, 25.535818, 24.626857, 24.079611 ] }, { "date": "2025-03-07", "close": 27.0, "volume": 75427, "typical_volume": 64476.45, "trend": 23.276433, "fair_value": 21.636731, "relative_strength": 10.636226, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.033459, "energy": 88.141226, "activity_lines": [ 26.902333, 25.937182, 24.901762, 24.33637 ] }, { "date": "2025-03-14", "close": 27.145, "volume": 127936, "typical_volume": 69016.55, "trend": 23.525867, "fair_value": 21.655032, "relative_strength": 10.560414, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.436352, "energy": 84.205012, "activity_lines": [ 27.074667, 26.308091, 25.174643, 24.585955 ] }, { "date": "2025-03-21", "close": 26.745001, "volume": 120273, "typical_volume": 73428.9, "trend": 23.7727, "fair_value": 21.67657, "relative_strength": 7.414236, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.56119, "energy": 59.438321, "activity_lines": [ 26.980667, 26.540091, 25.392667, 24.793641 ] }, { "date": "2025-03-28", "close": 26.41, "volume": 81231, "typical_volume": 75072.75, "trend": 24.014233, "fair_value": 21.691795, "relative_strength": 6.432419, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.855467, "energy": 50.932654, "activity_lines": [ 26.75, 26.634182, 25.563429, 24.963789 ] }, { "date": "2025-04-04", "close": 23.705, "volume": 160523, "typical_volume": 81345.5, "trend": 24.182133, "fair_value": 21.69157, "relative_strength": 6.390262, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 20.166175, "energy": 16.144515, "activity_lines": [ 25.712667, 26.184909, 25.463929, 24.943839 ] }, { "date": "2025-04-11", "close": 22.52, "volume": 189661, "typical_volume": 89515.65, "trend": 24.308867, "fair_value": 21.685769, "relative_strength": 2.605838, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.217319, "energy": 21.817992, "activity_lines": [ 24.485667, 25.517182, 25.248381, 24.836604 ] }, { "date": "2025-04-18", "close": 22.719999, "volume": 133729, "typical_volume": 94110.3, "trend": 24.419333, "fair_value": 21.690385, "relative_strength": -2.315543, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -33.477379, "energy": 40.727454, "activity_lines": [ 23.624, 24.926909, 25.053548, 24.734097 ] }, { "date": "2025-04-25", "close": 23.73, "volume": 41155, "typical_volume": 91797.85, "trend": 24.438, "fair_value": 21.692788, "relative_strength": -1.84839, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.046687, "energy": 38.772108, "activity_lines": [ 23.394, 24.564454, 24.956548, 24.689624 ] }, { "date": "2025-05-02", "close": 24.450001, "volume": 47390, "typical_volume": 87960.8, "trend": 24.371833, "fair_value": 21.709231, "relative_strength": -1.488507, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -21.734662, "energy": 35.323664, "activity_lines": [ 23.605, 24.380909, 24.926548, 24.690398 ] }, { "date": "2025-05-09", "close": 24.715, "volume": 112262, "typical_volume": 90186.7, "trend": 24.380333, "fair_value": 21.724103, "relative_strength": -3.091753, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.548996, "energy": 21.976005, "activity_lines": [ 24.035, 24.307091, 24.917905, 24.712538 ] }, { "date": "2025-05-16", "close": 25.504999, "volume": 81843, "typical_volume": 92909.35, "trend": 24.441333, "fair_value": 21.741987, "relative_strength": -3.155999, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 13.56399, "energy": 11.113213, "activity_lines": [ 24.661, 24.414545, 24.979976, 24.785097 ] }, { "date": "2025-05-23", "close": 25.084999, "volume": 91368, "typical_volume": 96845.65, "trend": 24.49, "fair_value": 21.758173, "relative_strength": -1.980673, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.630083, "energy": 17.357349, "activity_lines": [ 24.948, 24.472818, 24.994286, 24.826624 ] }, { "date": "2025-05-30", "close": 24.315001, "volume": 43055, "typical_volume": 96554.65, "trend": 24.5165, "fair_value": 21.764391, "relative_strength": -6.483473, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.567268, "energy": 14.426352, "activity_lines": [ 24.820667, 24.428545, 24.927738, 24.815333 ] }, { "date": "2025-06-06", "close": 25.145, "volume": 26772, "typical_volume": 95567.45, "trend": 24.562833, "fair_value": 21.767853, "relative_strength": -4.583639, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.473103, "energy": 22.596429, "activity_lines": [ 24.931, 24.579364, 24.931643, 24.855882 ] }, { "date": "2025-06-13", "close": 24.844999, "volume": 28069, "typical_volume": 95709.2, "trend": 24.623167, "fair_value": 21.770032, "relative_strength": -2.940386, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.894472, "energy": 15.123719, "activity_lines": [ 24.895, 24.698636, 24.8995, 24.874086 ] }, { "date": "2025-06-20", "close": 24.49, "volume": 29905, "typical_volume": 91928.4, "trend": 24.677167, "fair_value": 21.763333, "relative_strength": -3.841206, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.40394, "energy": 2.729999, "activity_lines": [ 24.732, 24.732636, 24.827333, 24.865495 ] }, { "date": "2025-06-27", "close": 24.860001, "volume": 33728, "typical_volume": 90720.7, "trend": 24.737, "fair_value": 21.75657, "relative_strength": -3.691168, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.873719, "energy": 8.620198, "activity_lines": [ 24.76, 24.798091, 24.791786, 24.87729 ] }, { "date": "2025-07-04", "close": 24.495001, "volume": 47075, "typical_volume": 87995.65, "trend": 24.7735, "fair_value": 21.743205, "relative_strength": -4.896664, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.684416, "energy": 7.175547, "activity_lines": [ 24.681334, 24.758273, 24.722857, 24.861678 ] }, { "date": "2025-07-11", "close": 24.889999, "volume": 59329, "typical_volume": 81739.6, "trend": 24.815333, "fair_value": 21.745545, "relative_strength": -4.529235, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.429179, "energy": 6.36767, "activity_lines": [ 24.722333, 24.776364, 24.700476, 24.869194 ] }, { "date": "2025-07-18", "close": 26.135, "volume": 39406, "typical_volume": 78506.85, "trend": 24.894333, "fair_value": 21.755353, "relative_strength": -0.546276, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 37.580694, "energy": 35.869518, "activity_lines": [ 25.195333, 25.012818, 24.81069, 24.954333 ] }, { "date": "2025-07-25", "close": 26.43, "volume": 93973, "typical_volume": 79434.15, "trend": 24.9795, "fair_value": 21.772853, "relative_strength": -0.66995, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 44.695701, "energy": 56.174705, "activity_lines": [ 25.680667, 25.277091, 24.952095, 25.053409 ] }, { "date": "2025-08-01", "close": 25.834999, "volume": 125232, "typical_volume": 79298.95, "trend": 25.057167, "fair_value": 21.786282, "relative_strength": -1.15795, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.489619, "energy": 54.203331, "activity_lines": [ 25.838333, 25.416363, 25.039548, 25.108602 ] }, { "date": "2025-08-08", "close": 26.35, "volume": 108610, "typical_volume": 78715.8, "trend": 25.185167, "fair_value": 21.803974, "relative_strength": -3.330959, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.157162, "energy": 62.360547, "activity_lines": [ 26.102666, 25.635636, 25.182286, 25.192011 ] }, { "date": "2025-08-15", "close": 26.870001, "volume": 49454, "typical_volume": 77126.95, "trend": 25.295, "fair_value": 21.825737, "relative_strength": -3.90208, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.466058, "energy": 77.530243, "activity_lines": [ 26.416667, 25.912455, 25.376429, 25.30071 ] }, { "date": "2025-08-22", "close": 27.73, "volume": 58715, "typical_volume": 72036.55, "trend": 25.434667, "fair_value": 21.846058, "relative_strength": -2.51592, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.274658, "energy": 83.840314, "activity_lines": [ 26.885333, 26.314273, 25.650286, 25.457806 ] }, { "date": "2025-08-29", "close": 27.705, "volume": 103665, "typical_volume": 67736.75, "trend": 25.532167, "fair_value": 21.871955, "relative_strength": -0.321567, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.894628, "energy": 85.913021, "activity_lines": [ 27.239333, 26.659091, 25.902595, 25.60428 ] }, { "date": "2025-09-05", "close": 27.605, "volume": 49084, "typical_volume": 63504.5, "trend": 25.614, "fair_value": 21.898333, "relative_strength": 0.421106, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.896233, "energy": 85.742567, "activity_lines": [ 27.475, 26.927273, 26.12069, 25.738011 ] }, { "date": "2025-09-12", "close": 28.855, "volume": 89716, "typical_volume": 65932.55, "trend": 25.696833, "fair_value": 21.933013, "relative_strength": 2.247936, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.676104, "energy": 93.936373, "activity_lines": [ 28.009333, 27.372818, 26.434571, 25.947108 ] }, { "date": "2025-09-19", "close": 29.16, "volume": 115705, "typical_volume": 69348.3, "trend": 25.741, "fair_value": 21.979551, "relative_strength": 3.605261, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.212852, "energy": 93.257003, "activity_lines": [ 28.478333, 27.794545, 26.753095, 26.170538 ] }, { "date": "2025-09-26", "close": 29.08, "volume": 62451, "typical_volume": 66857.75, "trend": 25.8175, "fair_value": 22.029391, "relative_strength": 2.468306, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.857155, "energy": 90.061284, "activity_lines": [ 28.768, 28.124091, 27.041571, 26.385957 ] }, { "date": "2025-10-03", "close": 30.055, "volume": 70083, "typical_volume": 66269.75, "trend": 25.919333, "fair_value": 22.084519, "relative_strength": 4.684245, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.958717, "energy": 92.899753, "activity_lines": [ 29.292667, 28.577364, 27.402119, 26.659344 ] }, { "date": "2025-10-10", "close": 28.41, "volume": 111538, "typical_volume": 67278.25, "trend": 25.9615, "fair_value": 22.136731, "relative_strength": 1.912278, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.710997, "energy": 65.030608, "activity_lines": [ 29.112333, 28.665636, 27.584333, 26.820032 ] }, { "date": "2025-10-17", "close": 28.674999, "volume": 184428, "typical_volume": 74346.9, "trend": 26.025833, "fair_value": 22.193904, "relative_strength": 3.534638, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.787924, "energy": 58.448144, "activity_lines": [ 28.966666, 28.755273, 27.775952, 26.995097 ] }, { "date": "2025-10-24", "close": 29.315001, "volume": 69717, "typical_volume": 76494.15, "trend": 26.122667, "fair_value": 22.268282, "relative_strength": 3.997281, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.214575, "energy": 57.641801, "activity_lines": [ 29.046333, 28.919, 28.007762, 27.207301 ] }, { "date": "2025-10-31", "close": 29.355, "volume": 116490, "typical_volume": 80915.2, "trend": 26.311, "fair_value": 22.329878, "relative_strength": 2.474871, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.251092, "energy": 51.80791, "activity_lines": [ 29.129, 29.045545, 28.223524, 27.415839 ] }, { "date": "2025-11-07", "close": 28.93, "volume": 60609, "typical_volume": 82450.4, "trend": 26.524667, "fair_value": 22.385711, "relative_strength": 1.67964, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.796263, "energy": 43.954234, "activity_lines": [ 29.051667, 29.065273, 28.377333, 27.584806 ] }, { "date": "2025-11-14", "close": 29.415001, "volume": 120663, "typical_volume": 86797.15, "trend": 26.747833, "fair_value": 22.441801, "relative_strength": 0.868324, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.165409, "energy": 49.961967, "activity_lines": [ 29.211, 29.150909, 28.556191, 27.77128 ] }, { "date": "2025-11-21", "close": 27.93, "volume": 70338, "typical_volume": 87960.3, "trend": 26.887833, "fair_value": 22.492904, "relative_strength": -1.150772, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.657694, "energy": 31.195841, "activity_lines": [ 28.808334, 28.933637, 28.571929, 27.847548 ] }, { "date": "2025-11-28", "close": 28.555, "volume": 111271, "typical_volume": 90557.4, "trend": 27.024667, "fair_value": 22.534538, "relative_strength": -0.467277, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.155038, "energy": 23.185291, "activity_lines": [ 28.663667, 28.846818, 28.630833, 27.955108 ] }, { "date": "2025-12-05", "close": 28.52, "volume": 34779, "typical_volume": 90326.05, "trend": 27.1515, "fair_value": 22.571141, "relative_strength": -0.714929, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.50103, "energy": 18.31283, "activity_lines": [ 28.558, 28.764637, 28.668952, 28.051581 ] }, { "date": "2025-12-12", "close": 27.809999, "volume": 41210, "typical_volume": 87687.9, "trend": 27.228333, "fair_value": 22.607199, "relative_strength": -3.259012, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.897691, "energy": 15.258725, "activity_lines": [ 28.271333, 28.563545, 28.628095, 28.094065 ] }, { "date": "2025-12-19", "close": 27.940001, "volume": 58824, "typical_volume": 84367.5, "trend": 27.3235, "fair_value": 22.646878, "relative_strength": -5.288791, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.379193, "energy": 13.102381, "activity_lines": [ 28.102667, 28.426909, 28.593048, 28.139979 ] }, { "date": "2025-12-26", "close": 27.715, "volume": 26009, "typical_volume": 80237.45, "trend": 27.436833, "fair_value": 22.683705, "relative_strength": -5.519608, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.431272, "energy": 13.266341, "activity_lines": [ 27.957333, 28.257909, 28.526548, 28.165237 ] }, { "date": "2026-01-02", "close": 28.41, "volume": 53537, "typical_volume": 80441.6, "trend": 27.545667, "fair_value": 22.710788, "relative_strength": -4.612875, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.568041, "energy": 13.548827, "activity_lines": [ 28.058, 28.232727, 28.519738, 28.228022 ] }, { "date": "2026-01-09", "close": 28.809999, "volume": 80866, "typical_volume": 81549.15, "trend": 27.677833, "fair_value": 22.738801, "relative_strength": -3.967902, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.301744, "energy": 13.116822, "activity_lines": [ 28.301666, 28.296727, 28.54369, 28.309591 ] }, { "date": "2026-01-16", "close": 28.924999, "volume": 86988, "typical_volume": 80715.3, "trend": 27.825667, "fair_value": 22.765949, "relative_strength": -3.70296, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.563817, "energy": 20.509191, "activity_lines": [ 28.564333, 28.391545, 28.573452, 28.390054 ] }, { "date": "2026-01-23", "close": 28.75, "volume": 77872, "typical_volume": 82154.7, "trend": 27.955333, "fair_value": 22.787808, "relative_strength": -2.193186, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.968594, "energy": 25.247614, "activity_lines": [ 28.694333, 28.454636, 28.580738, 28.449688 ] }, { "date": "2026-01-30", "close": 28.48, "volume": 115479, "typical_volume": 83442.85, "trend": 28.088167, "fair_value": 22.816269, "relative_strength": -4.439818, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.129985, "energy": 23.483016, "activity_lines": [ 28.680333, 28.480727, 28.556857, 28.483538 ] }, { "date": "2026-02-06", "close": 28.165001, "volume": 120144, "typical_volume": 83664.8, "trend": 28.197333, "fair_value": 22.844827, "relative_strength": -6.038916, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.474304, "energy": 12.781453, "activity_lines": [ 28.510333, 28.439545, 28.504762, 28.488495 ] }, { "date": "2026-02-13", "close": 27.76, "volume": 96279, "typical_volume": 85356.2, "trend": 28.2515, "fair_value": 22.874699, "relative_strength": -6.250994, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.56198, "energy": 18.882214, "activity_lines": [ 28.221667, 28.331818, 28.418833, 28.46028 ] }, { "date": "2026-02-20", "close": 28.01, "volume": 55775, "typical_volume": 84640.8, "trend": 28.304167, "fair_value": 22.911558, "relative_strength": -7.194245, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.412497, "energy": 29.202223, "activity_lines": [ 28.086334, 28.283364, 28.363, 28.444699 ] }, { "date": "2026-02-27", "close": 27.375, "volume": 137124, "typical_volume": 85920.1, "trend": 28.3555, "fair_value": 22.937135, "relative_strength": -10.414206, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.765074, "energy": 50.779292, "activity_lines": [ 27.800333, 28.115818, 28.256429, 28.384753 ] }, { "date": "2026-03-06", "close": 26.504999, "volume": 107193, "typical_volume": 82058.35, "trend": 28.360667, "fair_value": 22.967359, "relative_strength": -6.979307, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -83.34269, "energy": 77.410764, "activity_lines": [ 27.316, 27.800363, 28.071928, 28.265366 ] }, { "date": "2026-03-13", "close": 27.620001, "volume": 109846, "typical_volume": 84064.8, "trend": 28.385667, "fair_value": 23.004795, "relative_strength": -3.19917, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.445563, "energy": 67.724893, "activity_lines": [ 27.335, 27.709636, 28.003952, 28.217581 ] }, { "date": "2026-03-20", "close": 26.254999, "volume": 68578, "typical_volume": 81669.2, "trend": 28.3365, "fair_value": 23.029859, "relative_strength": -4.606913, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.993963, "energy": 79.164482, "activity_lines": [ 26.935333, 27.385091, 27.814048, 28.080118 ] }, { "date": "2026-03-27", "close": 26.055, "volume": 70235, "typical_volume": 82150.5, "trend": 28.2815, "fair_value": 23.051397, "relative_strength": -6.280125, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.756612, "energy": 79.638152, "activity_lines": [ 26.569333, 27.070636, 27.619857, 27.932925 ] }, { "date": "2026-04-03", "close": 26.305, "volume": 94551, "typical_volume": 80844.9, "trend": 28.238167, "fair_value": 23.076782, "relative_strength": -9.747332, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.837172, "energy": 72.487676, "activity_lines": [ 26.417, 26.853818, 27.463167, 27.805409 ] }, { "date": "2026-04-10", "close": 26.645, "volume": 71824, "typical_volume": 80919.2, "trend": 28.1645, "fair_value": 23.107359, "relative_strength": -12.120257, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.007447, "energy": 65.462794, "activity_lines": [ 26.449333, 26.743273, 27.353667, 27.702624 ] }, { "date": "2026-04-17", "close": 27.475, "volume": 107955, "typical_volume": 80753.4, "trend": 28.108333, "fair_value": 23.146077, "relative_strength": -11.534202, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.891986, "energy": 41.536588, "activity_lines": [ 26.749, 26.817, 27.329333, 27.65814 ] }, { "date": "2026-04-24", "close": 26.92, "volume": 73422, "typical_volume": 82685.55, "trend": 28.036333, "fair_value": 23.182551, "relative_strength": -10.924962, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.294663, "energy": 28.44631, "activity_lines": [ 26.873333, 26.802364, 27.257286, 27.581473 ] }, { "date": "2026-05-01", "close": 26.725, "volume": 34433, "typical_volume": 82346.7, "trend": 27.925333, "fair_value": 23.217231, "relative_strength": -12.428578, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.941739, "energy": 23.851334, "activity_lines": [ 26.888333, 26.767545, 27.174286, 27.496871 ] }, { "date": "2026-05-08", "close": 27.195, "volume": 79979, "typical_volume": 83404.45, "trend": 27.884833, "fair_value": 23.25659, "relative_strength": -12.573874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.822992, "energy": 20.473585, "activity_lines": [ 27.015333, 26.841545, 27.141214, 27.449753 ] }, { "date": "2026-05-15", "close": 26.91, "volume": 159831, "typical_volume": 90095.55, "trend": 27.826, "fair_value": 23.293641, "relative_strength": -12.97292, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.137998, "energy": 19.374422, "activity_lines": [ 26.988, 26.867, 27.084548, 27.38686 ] }, { "date": "2026-05-22", "close": 26.125, "volume": 163390, "typical_volume": 95588.2, "trend": 27.719667, "fair_value": 23.328609, "relative_strength": -15.908747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.469485, "energy": 34.268854, "activity_lines": [ 26.681333, 26.742364, 26.956952, 27.277118 ] }, { "date": "2026-05-29", "close": 25.815001, "volume": 109809, "typical_volume": 97035.35, "trend": 27.601667, "fair_value": 23.359282, "relative_strength": -17.551043, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.280197, "energy": 43.524947, "activity_lines": [ 26.361334, 26.588546, 26.810714, 27.154237 ] }, { "date": "2026-06-05", "close": 25.825001, "volume": 35775, "typical_volume": 94474.7, "trend": 27.498167, "fair_value": 23.389122, "relative_strength": -17.021708, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.976846, "energy": 62.287164, "activity_lines": [ 26.118334, 26.444546, 26.679691, 27.039613 ] }, { "date": "2026-06-12", "close": 25.85, "volume": 39420, "typical_volume": 92552.1, "trend": 27.379333, "fair_value": 23.41582, "relative_strength": -19.209666, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.202012, "energy": 70.654015, "activity_lines": [ 25.943667, 26.309273, 26.56581, 26.93328 ] }, { "date": "2026-06-19", "close": 25.35, "volume": 25308, "typical_volume": 88043.55, "trend": 27.293333, "fair_value": 23.448545, "relative_strength": -22.452142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.012231, "energy": 80.522945, "activity_lines": [ 25.692, 26.091364, 26.418119, 26.802355 ] }, { "date": "2026-06-26", "close": 24.455, "volume": 69561, "typical_volume": 85514.4, "trend": 27.156667, "fair_value": 23.473994, "relative_strength": -22.520802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.78988, "energy": 89.200411, "activity_lines": [ 25.246, 25.734273, 26.200095, 26.619237 ] }, { "date": "2026-07-03", "close": 24.85, "volume": 26339, "typical_volume": 82017.4, "trend": 27.034333, "fair_value": 23.502968, "relative_strength": -23.23144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.156282, "energy": 84.674277, "activity_lines": [ 25.043, 25.503909, 26.037357, 26.470419 ] }, { "date": "2026-07-10", "close": 25.530001, "volume": 139096, "typical_volume": 86183.45, "trend": 26.958333, "fair_value": 23.533929, "relative_strength": -20.484572, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.697406, "energy": 75.285702, "activity_lines": [ 25.131, 25.434819, 25.953238, 26.373366 ] }, { "date": "2026-07-17", "close": 25.219999, "volume": 152123, "typical_volume": 86933.4, "trend": 26.867667, "fair_value": 23.564859, "relative_strength": -19.932541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.417156, "energy": 56.268933, "activity_lines": [ 25.135333, 25.331091, 25.851405, 26.261215 ] }, { "date": "2026-07-24", "close": 25.665001, "volume": 59653, "typical_volume": 84556.4, "trend": 26.799333, "fair_value": 23.586974, "relative_strength": -17.995139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.927969, "energy": 41.529999, "activity_lines": [ 25.33, 25.344182, 25.802214, 26.183624 ] }, { "date": "2026-07-31", "close": 26.280001, "volume": 64391, "typical_volume": 82283.65, "trend": 26.728333, "fair_value": 23.615885, "relative_strength": -16.245735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.745022, "energy": 20.149123, "activity_lines": [ 25.708667, 25.491728, 25.815596, 26.150118 ] }, { "date": "2026-08-07", "close": 26.535, "volume": 86285, "typical_volume": 83169.0, "trend": 26.6525, "fair_value": 23.653449, "relative_strength": -17.496896, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.258725, "energy": 18.376805, "activity_lines": [ 26.050667, 25.682818, 25.859643, 26.137645 ] } ], "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." } } }