{ "ticker": { "uuid": "48a962cc-62d7-4ece-95bb-0d1be71247eb", "symbol": "LTAM", "name": "iShares MSCI EM Latin America UCITS ETF USD (Dist)", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 71.689, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 39.946, "architecture_energy": 28.409, "architecture_maturity": 8.801, "architecture_confidence": 55.245, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 51.35, "rotation_up": 57.96, "upward_expansion": 66.99, "deceleration": 53.87, "rotation_down": 8.51, "downward_expansion": 7.99 }, "activity_lines": [ 18.313867, 18.158219, 18.118695, 18.14183 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 18.214001, "trend_reference": 18.11811, "distance_from_trend": 0.005293, "trend_direction": "Improving", "fair_value": 14.306305, "distance_from_fair_value": 0.273145, "fair_value_direction": "Weakening", "relative_strength": -6.154657, "relative_strength_direction": "Weakening", "price_momentum": 0.002481, "excess_performance": -0.168411, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.005293, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.045954, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.273145, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.07226, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.061547, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.130939, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.002481, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.001557, "read": "Demand-led" } ], "volume": { "latest": 140288, "relative_activity": 1.292988, "balance": 1.001557, "dry_up": 1.113517, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.029302, "annualized_volatility": 0.193016, "from_high_reference": -0.071597, "from_low_reference": 0.39298 }, "levels": { "trend_reference": 18.11811, "fair_value_reference": 14.306305, "structural_low": 16.663345, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 11, "median_return": 0.013542, "positive_rate": 0.545455, "directional_follow_through": 0.545455, "median_excess_return": -0.018704, "regime_survival": 0.363636, "best_return": 0.155911, "worst_return": -0.088463, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.051988, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.00387, "regime_survival": 0.166667, "best_return": 0.272069, "worst_return": -0.062484, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.045553, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": -0.053789, "regime_survival": 0.0, "best_return": 0.140397, "worst_return": -0.088543, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.163462, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.011429, "regime_survival": 0.0, "best_return": 0.192264, "worst_return": -0.06448, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-11-10", "end": "2023-12-01", "tenure": "New", "return": 0.050648, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-08", "end": "2024-02-02", "tenure": "Developing", "return": 0.022494, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-09", "end": "2024-05-17", "tenure": "Established", "return": -2.9e-05, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-24", "end": "2024-06-07", "tenure": "New", "return": -0.056394, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-14", "end": "2025-02-07", "tenure": "Extended", "return": 0.012075, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-14", "end": "2025-03-07", "tenure": "New", "return": -0.071864, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-04-11", "tenure": "Developing", "return": -0.088463, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-04-25", "tenure": "New", "return": 0.0556, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-05-16", "tenure": "New", "return": 0.046816, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2026-03-20", "tenure": "Extended", "return": 0.315775, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-10", "tenure": "New", "return": 0.093788, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-05-15", "tenure": "Developing", "return": -0.088325, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-22", "end": "2026-07-10", "tenure": "Developing", "return": 0.016088, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.011552, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 12.929334, "volume": 5500, "typical_volume": 14627.15, "trend": 12.524801, "fair_value": 11.039766, "relative_strength": -4.270291, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.160778, "energy": 34.495061, "activity_lines": [ 13.297116, 13.363451, 13.180159, 12.869502 ] }, { "date": "2023-08-25", "close": 13.287014, "volume": 1668, "typical_volume": 14366.85, "trend": 12.558099, "fair_value": 11.071357, "relative_strength": -2.808672, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.054764, "energy": 22.172986, "activity_lines": [ 13.253066, 13.341955, 13.220976, 12.918677 ] }, { "date": "2023-09-01", "close": 13.218297, "volume": 7593, "typical_volume": 14411.4, "trend": 12.596828, "fair_value": 11.102319, "relative_strength": -4.444676, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.785009, "energy": 22.558756, "activity_lines": [ 13.204906, 13.312418, 13.246521, 12.961271 ] }, { "date": "2023-09-08", "close": 12.890572, "volume": 1543, "typical_volume": 14304.85, "trend": 12.630925, "fair_value": 11.130772, "relative_strength": -5.054171, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.094434, "energy": 16.404561, "activity_lines": [ 13.088382, 13.228421, 13.235158, 12.980222 ] }, { "date": "2023-09-15", "close": 13.546024, "volume": 91788, "typical_volume": 18781.95, "trend": 12.675773, "fair_value": 11.163616, "relative_strength": -2.139013, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.085084, "energy": 19.406506, "activity_lines": [ 13.230044, 13.272502, 13.281364, 13.039261 ] }, { "date": "2023-09-22", "close": 13.295824, "volume": 70524, "typical_volume": 17521.5, "trend": 12.718917, "fair_value": 11.197676, "relative_strength": -2.422222, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.997037, "energy": 18.737521, "activity_lines": [ 13.270569, 13.267344, 13.295374, 13.079264 ] }, { "date": "2023-09-29", "close": 13.15839, "volume": 35796, "typical_volume": 18140.0, "trend": 12.754734, "fair_value": 11.232205, "relative_strength": -1.855714, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.018233, "energy": 16.704898, "activity_lines": [ 13.240851, 13.235533, 13.289649, 13.107617 ] }, { "date": "2023-10-06", "close": 12.337311, "volume": 43103, "typical_volume": 19923.5, "trend": 12.770618, "fair_value": 11.258373, "relative_strength": -5.9138, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.73246, "energy": 11.72165, "activity_lines": [ 12.946014, 13.061898, 13.20275, 13.080686 ] }, { "date": "2023-10-13", "close": 12.828902, "volume": 22690, "typical_volume": 20318.65, "trend": 12.822393, "fair_value": 11.288308, "relative_strength": -3.097825, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.193125, "energy": 15.708695, "activity_lines": [ 12.873773, 13.00481, 13.164381, 13.084447 ] }, { "date": "2023-10-20", "close": 12.354932, "volume": 24106, "typical_volume": 21138.45, "trend": 12.862316, "fair_value": 11.314003, "relative_strength": -3.080642, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.974321, "energy": 45.159747, "activity_lines": [ 12.647654, 12.873496, 13.079899, 13.054288 ] }, { "date": "2023-10-27", "close": 12.827142, "volume": 7624, "typical_volume": 21069.85, "trend": 12.897101, "fair_value": 11.345982, "relative_strength": 1.232109, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.614444, "energy": 44.049843, "activity_lines": [ 12.658344, 12.844856, 13.042386, 13.052019 ] }, { "date": "2023-11-03", "close": 13.315206, "volume": 5581, "typical_volume": 20944.2, "trend": 12.959137, "fair_value": 11.376949, "relative_strength": 0.484176, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -9.851456, "energy": 12.052504, "activity_lines": [ 12.862967, 12.906813, 13.054325, 13.078993 ] }, { "date": "2023-11-10", "close": 13.357492, "volume": 14803, "typical_volume": 21389.75, "trend": 13.00365, "fair_value": 11.405957, "relative_strength": 1.53668, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.887704, "energy": 6.15679, "activity_lines": [ 13.071232, 12.975946, 13.071324, 13.104693 ] }, { "date": "2023-11-17", "close": 13.702958, "volume": 10905, "typical_volume": 20462.95, "trend": 13.064712, "fair_value": 11.434663, "relative_strength": 0.735967, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 43.228075, "energy": 31.668836, "activity_lines": [ 13.326639, 13.105361, 13.121904, 13.14981 ] }, { "date": "2023-11-24", "close": 13.711953, "volume": 10537, "typical_volume": 20277.5, "trend": 13.12882, "fair_value": 11.461538, "relative_strength": 1.118533, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.8267, "energy": 42.272687, "activity_lines": [ 13.526775, 13.22164, 13.171804, 13.191567 ] }, { "date": "2023-12-01", "close": 14.034017, "volume": 21326, "typical_volume": 21021.2, "trend": 13.199945, "fair_value": 11.487992, "relative_strength": 1.894424, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 73.266777, "energy": 69.208456, "activity_lines": [ 13.743797, 13.393459, 13.250606, 13.249967 ] }, { "date": "2023-12-08", "close": 13.998032, "volume": 14514, "typical_volume": 20799.55, "trend": 13.248764, "fair_value": 11.513266, "relative_strength": 0.132917, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.779955, "energy": 72.439568, "activity_lines": [ 13.868366, 13.545314, 13.322029, 13.301457 ] }, { "date": "2023-12-15", "close": 14.345283, "volume": 79027, "typical_volume": 24122.6, "trend": 13.303715, "fair_value": 11.539288, "relative_strength": 2.696293, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.84512, "energy": 78.233354, "activity_lines": [ 14.063164, 13.745039, 13.42448, 13.3722 ] }, { "date": "2023-12-22", "close": 14.577385, "volume": 32011, "typical_volume": 25327.1, "trend": 13.36881, "fair_value": 11.568275, "relative_strength": 4.491974, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.064702, "energy": 81.922555, "activity_lines": [ 14.269476, 13.950456, 13.546589, 13.454372 ] }, { "date": "2023-12-29", "close": 14.741116, "volume": 27171, "typical_volume": 26390.5, "trend": 13.434372, "fair_value": 11.597104, "relative_strength": 5.647401, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.614406, "energy": 84.616437, "activity_lines": [ 14.47207, 14.153852, 13.679095, 13.542908 ] }, { "date": "2024-01-05", "close": 14.638556, "volume": 46432, "typical_volume": 28437.1, "trend": 13.473961, "fair_value": 11.624007, "relative_strength": 4.536074, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.613885, "energy": 84.451857, "activity_lines": [ 14.571866, 14.295215, 13.794876, 13.620597 ] }, { "date": "2024-01-12", "close": 14.485622, "volume": 15708, "typical_volume": 29139.1, "trend": 13.505751, "fair_value": 11.64965, "relative_strength": 3.326902, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.476917, "energy": 80.131847, "activity_lines": [ 14.580382, 14.375837, 13.887952, 13.685866 ] }, { "date": "2024-01-19", "close": 14.005227, "volume": 12452, "typical_volume": 29382.05, "trend": 13.522585, "fair_value": 11.677098, "relative_strength": 0.536175, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.067384, "energy": 51.430356, "activity_lines": [ 14.396261, 14.347834, 13.929569, 13.71809 ] }, { "date": "2024-01-26", "close": 14.25712, "volume": 71595, "typical_volume": 32884.65, "trend": 13.551809, "fair_value": 11.707468, "relative_strength": 2.00521, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.809447, "energy": 38.086204, "activity_lines": [ 14.318773, 14.353854, 13.991428, 13.765479 ] }, { "date": "2024-02-02", "close": 14.312897, "volume": 17070, "typical_volume": 29148.75, "trend": 13.584243, "fair_value": 11.73465, "relative_strength": 1.195486, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.685215, "energy": 31.789729, "activity_lines": [ 14.28123, 14.359938, 14.052092, 13.814582 ] }, { "date": "2024-02-09", "close": 14.348882, "volume": 30261, "typical_volume": 27135.6, "trend": 13.622399, "fair_value": 11.762903, "relative_strength": -0.081995, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.071662, "energy": 26.326942, "activity_lines": [ 14.284229, 14.361639, 14.112532, 13.863914 ] }, { "date": "2024-02-16", "close": 14.51801, "volume": 36221, "typical_volume": 27156.85, "trend": 13.654035, "fair_value": 11.792279, "relative_strength": -0.813342, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.888337, "energy": 36.454232, "activity_lines": [ 14.362916, 14.388366, 14.184064, 13.921695 ] }, { "date": "2024-02-23", "close": 14.309299, "volume": 18593, "typical_volume": 25931.35, "trend": 13.669963, "fair_value": 11.825131, "relative_strength": -5.107818, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.354405, "energy": 35.616362, "activity_lines": [ 14.369873, 14.367692, 14.229244, 13.96397 ] }, { "date": "2024-03-01", "close": 14.370473, "volume": 39409, "typical_volume": 26767.3, "trend": 13.699441, "fair_value": 11.857226, "relative_strength": -5.384481, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.508796, "energy": 34.946494, "activity_lines": [ 14.37695, 14.358794, 14.270861, 14.009164 ] }, { "date": "2024-03-08", "close": 14.044812, "volume": 39101, "typical_volume": 27517.05, "trend": 13.724936, "fair_value": 11.885037, "relative_strength": -8.775349, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.875009, "energy": 22.71321, "activity_lines": [ 14.267917, 14.294447, 14.274121, 14.031446 ] }, { "date": "2024-03-15", "close": 14.224734, "volume": 7099, "typical_volume": 27490.8, "trend": 13.768116, "fair_value": 11.912584, "relative_strength": -8.977898, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.050506, "energy": 13.199477, "activity_lines": [ 14.23673, 14.275473, 14.28647, 14.063691 ] }, { "date": "2024-03-22", "close": 14.383067, "volume": 3927, "typical_volume": 27408.1, "trend": 13.804651, "fair_value": 11.943092, "relative_strength": -9.001322, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.177472, "energy": 15.638279, "activity_lines": [ 14.266597, 14.292811, 14.307242, 14.103365 ] }, { "date": "2024-03-29", "close": 14.410055, "volume": 5451, "typical_volume": 26940.5, "trend": 13.844376, "fair_value": 11.972725, "relative_strength": -9.8207, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.477787, "energy": 16.503872, "activity_lines": [ 14.314456, 14.316921, 14.3255, 14.142424 ] }, { "date": "2024-04-05", "close": 14.336287, "volume": 44476, "typical_volume": 28619.05, "trend": 13.892567, "fair_value": 12.000846, "relative_strength": -8.335347, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.552802, "energy": 22.683419, "activity_lines": [ 14.331009, 14.320258, 14.33172, 14.17416 ] }, { "date": "2024-04-12", "close": 14.345283, "volume": 41929, "typical_volume": 30188.65, "trend": 13.919209, "fair_value": 12.028196, "relative_strength": -7.581855, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.53415, "energy": 23.506288, "activity_lines": [ 14.35284, 14.32379, 14.335781, 14.203367 ] }, { "date": "2024-04-19", "close": 13.899074, "volume": 39495, "typical_volume": 31097.1, "trend": 13.939317, "fair_value": 12.052736, "relative_strength": -10.806005, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.84673, "energy": 3.489714, "activity_lines": [ 14.205903, 14.245606, 14.294331, 14.202068 ] }, { "date": "2024-04-26", "close": 14.249924, "volume": 14773, "typical_volume": 31110.05, "trend": 13.975702, "fair_value": 12.079865, "relative_strength": -9.356932, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.61742, "energy": 11.088459, "activity_lines": [ 14.197626, 14.23939, 14.286937, 14.222108 ] }, { "date": "2024-05-03", "close": 14.258922, "volume": 44950, "typical_volume": 29406.2, "trend": 14.039755, "fair_value": 12.104554, "relative_strength": -7.581751, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.659915, "energy": 11.093178, "activity_lines": [ 14.201225, 14.239685, 14.2792, 14.24038 ] }, { "date": "2024-05-10", "close": 14.356079, "volume": 32948, "typical_volume": 29453.05, "trend": 14.090661, "fair_value": 12.13013, "relative_strength": -9.544907, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.679433, "energy": 11.814079, "activity_lines": [ 14.247286, 14.258561, 14.281128, 14.260788 ] }, { "date": "2024-05-17", "close": 14.348473, "volume": 3759, "typical_volume": 28282.45, "trend": 14.157113, "fair_value": 12.156818, "relative_strength": -11.279111, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.183047, "energy": 16.007918, "activity_lines": [ 14.289491, 14.276315, 14.283385, 14.277421 ] }, { "date": "2024-05-24", "close": 13.90664, "volume": 17051, "typical_volume": 26813.4, "trend": 14.193096, "fair_value": 12.178837, "relative_strength": -11.488807, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.234974, "energy": 12.639096, "activity_lines": [ 14.184206, 14.208215, 14.245433, 14.261261 ] }, { "date": "2024-05-31", "close": 13.372762, "volume": 30393, "typical_volume": 27547.65, "trend": 14.195014, "fair_value": 12.194021, "relative_strength": -14.585523, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -46.944655, "energy": 52.036685, "activity_lines": [ 13.900458, 14.04883, 14.16012, 14.208337 ] }, { "date": "2024-06-07", "close": 13.122389, "volume": 22160, "typical_volume": 28033.05, "trend": 14.187178, "fair_value": 12.207662, "relative_strength": -16.176859, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -79.838781, "energy": 78.728491, "activity_lines": [ 13.591729, 13.862292, 14.056262, 14.139135 ] }, { "date": "2024-06-14", "close": 12.68424, "volume": 23150, "typical_volume": 25610.8, "trend": 14.15322, "fair_value": 12.218463, "relative_strength": -13.669259, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.771298, "energy": 90.376561, "activity_lines": [ 13.21272, 13.619502, 13.914879, 14.042171 ] }, { "date": "2024-06-21", "close": 12.776289, "volume": 81888, "typical_volume": 28851.7, "trend": 14.122032, "fair_value": 12.228007, "relative_strength": -14.311558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.111057, "energy": 90.975277, "activity_lines": [ 12.975849, 13.423486, 13.789753, 13.953337 ] }, { "date": "2024-06-28", "close": 12.756039, "volume": 9723, "typical_volume": 27824.8, "trend": 14.079432, "fair_value": 12.238542, "relative_strength": -13.716713, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.704535, "energy": 89.689981, "activity_lines": [ 12.837041, 13.252315, 13.670015, 13.865208 ] }, { "date": "2024-07-05", "close": 12.96959, "volume": 8601, "typical_volume": 26443.8, "trend": 14.045151, "fair_value": 12.252646, "relative_strength": -14.059316, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.217944, "energy": 84.391096, "activity_lines": [ 12.846123, 13.140754, 13.578201, 13.793606 ] }, { "date": "2024-07-12", "close": 13.335942, "volume": 77959, "typical_volume": 29412.1, "trend": 14.011506, "fair_value": 12.267382, "relative_strength": -12.863955, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.294888, "energy": 55.502221, "activity_lines": [ 13.0042, 13.119081, 13.52865, 13.74785 ] }, { "date": "2024-07-19", "close": 12.991682, "volume": 13380, "typical_volume": 28110.65, "trend": 13.958649, "fair_value": 12.281568, "relative_strength": -13.868908, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.540858, "energy": 50.172987, "activity_lines": [ 13.033288, 13.051597, 13.450948, 13.682055 ] }, { "date": "2024-07-26", "close": 12.64558, "volume": 14573, "typical_volume": 26884.25, "trend": 13.888798, "fair_value": 12.293413, "relative_strength": -14.809196, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.82291, "energy": 52.659345, "activity_lines": [ 12.926512, 12.945992, 13.34685, 13.597341 ] }, { "date": "2024-08-02", "close": 12.183499, "volume": 8649, "typical_volume": 26961.75, "trend": 13.806963, "fair_value": 12.303296, "relative_strength": -12.97805, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.897061, "energy": 60.568129, "activity_lines": [ 12.674422, 12.787335, 13.205406, 13.487322 ] }, { "date": "2024-08-09", "close": 12.840723, "volume": 59876, "typical_volume": 29759.2, "trend": 13.752133, "fair_value": 12.317553, "relative_strength": -7.332275, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.973331, "energy": 49.50589, "activity_lines": [ 12.679577, 12.779502, 13.136276, 13.424984 ] }, { "date": "2024-08-16", "close": 13.289918, "volume": 4487, "typical_volume": 29711.0, "trend": 13.728289, "fair_value": 12.336931, "relative_strength": -7.486017, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.095363, "energy": 40.558205, "activity_lines": [ 12.843055, 12.863015, 13.117271, 13.395163 ] }, { "date": "2024-08-23", "close": 13.037704, "volume": 8212, "typical_volume": 27897.8, "trend": 13.687642, "fair_value": 12.352209, "relative_strength": -10.553581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.042679, "energy": 29.62741, "activity_lines": [ 12.925529, 12.897625, 13.079579, 13.350609 ] }, { "date": "2024-08-30", "close": 12.763402, "volume": 43871, "typical_volume": 27994.9, "trend": 13.635992, "fair_value": 12.366424, "relative_strength": -13.933198, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.037518, "energy": 22.854195, "activity_lines": [ 12.913502, 12.875935, 13.021947, 13.290981 ] }, { "date": "2024-09-06", "close": 12.468847, "volume": 16841, "typical_volume": 26862.2, "trend": 13.573325, "fair_value": 12.379408, "relative_strength": -12.868113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.660408, "energy": 33.756215, "activity_lines": [ 12.795434, 12.800924, 12.943795, 13.215681 ] }, { "date": "2024-09-13", "close": 12.87386, "volume": 26973, "typical_volume": 27472.2, "trend": 13.51852, "fair_value": 12.396896, "relative_strength": -10.438533, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.256669, "energy": 32.183938, "activity_lines": [ 12.793348, 12.804773, 12.911026, 13.170554 ] }, { "date": "2024-09-20", "close": 12.6824, "volume": 32010, "typical_volume": 26825.2, "trend": 13.46429, "fair_value": 12.412894, "relative_strength": -11.922906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.027136, "energy": 37.013181, "activity_lines": [ 12.725233, 12.775552, 12.866576, 13.116611 ] }, { "date": "2024-09-27", "close": 12.881225, "volume": 29792, "typical_volume": 26667.4, "trend": 13.414648, "fair_value": 12.430651, "relative_strength": -12.65393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.285872, "energy": 31.761668, "activity_lines": [ 12.763893, 12.794364, 12.848569, 13.078994 ] }, { "date": "2024-10-04", "close": 12.919885, "volume": 10606, "typical_volume": 27009.75, "trend": 13.37715, "fair_value": 12.448909, "relative_strength": -9.194373, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.782527, "energy": 20.119731, "activity_lines": [ 12.825873, 12.822213, 12.841266, 13.047074 ] }, { "date": "2024-10-11", "close": 12.708173, "volume": 40043, "typical_volume": 28159.35, "trend": 13.326598, "fair_value": 12.46597, "relative_strength": -12.206679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.149318, "energy": 21.478023, "activity_lines": [ 12.806849, 12.806581, 12.820604, 13.003914 ] }, { "date": "2024-10-18", "close": 12.710014, "volume": 18642, "typical_volume": 27571.8, "trend": 13.27083, "fair_value": 12.487172, "relative_strength": -14.074017, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.282519, "energy": 22.91386, "activity_lines": [ 12.772484, 12.781745, 12.805823, 12.964134 ] }, { "date": "2024-10-25", "close": 12.704491, "volume": 14588, "typical_volume": 27193.2, "trend": 13.213978, "fair_value": 12.507198, "relative_strength": -12.63541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.79867, "energy": 25.178196, "activity_lines": [ 12.747202, 12.758281, 12.793673, 12.927596 ] }, { "date": "2024-11-01", "close": 12.277389, "volume": 20273, "typical_volume": 27049.35, "trend": 13.145348, "fair_value": 12.523013, "relative_strength": -14.897327, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.200489, "energy": 48.527105, "activity_lines": [ 12.578079, 12.667806, 12.742836, 12.867171 ] }, { "date": "2024-11-08", "close": 12.479893, "volume": 7498, "typical_volume": 23329.85, "trend": 13.083168, "fair_value": 12.538824, "relative_strength": -10.886083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.822875, "energy": 53.334588, "activity_lines": [ 12.516713, 12.627974, 12.713223, 12.824239 ] }, { "date": "2024-11-15", "close": 12.549029, "volume": 12892, "typical_volume": 23488.3, "trend": 13.038167, "fair_value": 12.557251, "relative_strength": -10.972003, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.852431, "energy": 52.560549, "activity_lines": [ 12.507725, 12.605867, 12.691605, 12.789778 ] }, { "date": "2024-11-22", "close": 12.675311, "volume": 55062, "typical_volume": 25811.35, "trend": 12.98568, "fair_value": 12.578402, "relative_strength": -7.828818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.811892, "energy": 44.177251, "activity_lines": [ 12.551441, 12.605263, 12.683, 12.766368 ] }, { "date": "2024-11-29", "close": 11.925159, "volume": 21486, "typical_volume": 22987.7, "trend": 12.907888, "fair_value": 12.592974, "relative_strength": -12.617497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.540016, "energy": 57.024332, "activity_lines": [ 12.34742, 12.471877, 12.604354, 12.697947 ] }, { "date": "2024-12-06", "close": 12.060865, "volume": 38968, "typical_volume": 24267.1, "trend": 12.83138, "fair_value": 12.606779, "relative_strength": -14.562393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.851428, "energy": 57.014776, "activity_lines": [ 12.24059, 12.376933, 12.54535, 12.643301 ] }, { "date": "2024-12-13", "close": 12.136258, "volume": 56502, "typical_volume": 26363.55, "trend": 12.75764, "fair_value": 12.620872, "relative_strength": -13.863434, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.458591, "energy": 56.966851, "activity_lines": [ 12.173325, 12.310612, 12.497958, 12.598454 ] }, { "date": "2024-12-20", "close": 11.695213, "volume": 21924, "typical_volume": 27027.3, "trend": 12.683926, "fair_value": 12.63328, "relative_strength": -13.682694, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.697257, "energy": 75.129398, "activity_lines": [ 11.981955, 12.17835, 12.410988, 12.529911 ] }, { "date": "2024-12-27", "close": 11.518041, "volume": 4969, "typical_volume": 24281.95, "trend": 12.622102, "fair_value": 12.643389, "relative_strength": -15.370973, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.382542, "energy": 78.217286, "activity_lines": [ 11.788448, 12.032291, 12.309469, 12.454692 ] }, { "date": "2025-01-03", "close": 11.535005, "volume": 14881, "typical_volume": 24801.65, "trend": 12.569189, "fair_value": 12.654812, "relative_strength": -14.575187, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.99936, "energy": 77.449041, "activity_lines": [ 11.677747, 11.910989, 12.215864, 12.384557 ] }, { "date": "2025-01-10", "close": 11.708406, "volume": 39846, "typical_volume": 26383.35, "trend": 12.536661, "fair_value": 12.664453, "relative_strength": -15.083243, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.941481, "energy": 73.055148, "activity_lines": [ 11.650857, 11.842478, 12.147131, 12.329023 ] }, { "date": "2025-01-17", "close": 12.025053, "volume": 36153, "typical_volume": 25997.45, "trend": 12.51162, "fair_value": 12.673901, "relative_strength": -15.075373, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.366581, "energy": 47.357421, "activity_lines": [ 11.753013, 11.841885, 12.114884, 12.296016 ] }, { "date": "2025-01-24", "close": 12.123064, "volume": 22814, "typical_volume": 26296.1, "trend": 12.490521, "fair_value": 12.683165, "relative_strength": -13.652991, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.119384, "energy": 30.397796, "activity_lines": [ 11.895253, 11.867381, 12.095488, 12.270947 ] }, { "date": "2025-01-31", "close": 12.673428, "volume": 30464, "typical_volume": 26470.65, "trend": 12.480649, "fair_value": 12.696656, "relative_strength": -9.874326, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.947994, "energy": 15.812066, "activity_lines": [ 12.192425, 12.000689, 12.130154, 12.282748 ] }, { "date": "2025-02-07", "close": 12.837404, "volume": 33954, "typical_volume": 26567.85, "trend": 12.464031, "fair_value": 12.707585, "relative_strength": -9.632614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 19.580081, "energy": 28.347612, "activity_lines": [ 12.467229, 12.163844, 12.181391, 12.305764 ] }, { "date": "2025-02-14", "close": 12.982535, "volume": 31579, "typical_volume": 26657.2, "trend": 12.463726, "fair_value": 12.719177, "relative_strength": -10.309201, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.217082, "energy": 39.806295, "activity_lines": [ 12.703584, 12.336801, 12.245712, 12.339216 ] }, { "date": "2025-02-21", "close": 12.739394, "volume": 28765, "typical_volume": 27565.15, "trend": 12.466853, "fair_value": 12.729674, "relative_strength": -12.53592, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.415481, "energy": 41.055958, "activity_lines": [ 12.773949, 12.448792, 12.286394, 12.357001 ] }, { "date": "2025-02-28", "close": 12.4039, "volume": 30697, "typical_volume": 27097.85, "trend": 12.4742, "fair_value": 12.733903, "relative_strength": -14.85616, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.743018, "energy": 41.308565, "activity_lines": [ 12.684861, 12.488819, 12.295984, 12.35294 ] }, { "date": "2025-03-07", "close": 12.049556, "volume": 49544, "typical_volume": 28642.95, "trend": 12.447827, "fair_value": 12.735448, "relative_strength": -16.695533, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 0.347354, "energy": 9.50896, "activity_lines": [ 12.458936, 12.451534, 12.273275, 12.325544 ] }, { "date": "2025-03-14", "close": 12.40013, "volume": 24267, "typical_volume": 29126.9, "trend": 12.418168, "fair_value": 12.738634, "relative_strength": -13.975349, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.371521, "energy": 7.172049, "activity_lines": [ 12.39146, 12.468326, 12.2871, 12.322466 ] }, { "date": "2025-03-21", "close": 12.603688, "volume": 23298, "typical_volume": 29278.15, "trend": 12.403701, "fair_value": 12.736938, "relative_strength": -12.986162, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.053329, "energy": 7.898007, "activity_lines": [ 12.420988, 12.506399, 12.321761, 12.334435 ] }, { "date": "2025-03-28", "close": 12.462329, "volume": 5265, "typical_volume": 29166.5, "trend": 12.393665, "fair_value": 12.73236, "relative_strength": -12.88266, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.991893, "energy": 7.430713, "activity_lines": [ 12.428653, 12.502492, 12.341405, 12.338218 ] }, { "date": "2025-04-04", "close": 11.740449, "volume": 44006, "typical_volume": 30722.2, "trend": 12.369385, "fair_value": 12.724369, "relative_strength": -7.844385, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.692609, "energy": 24.799946, "activity_lines": [ 12.214163, 12.359384, 12.292382, 12.296075 ] }, { "date": "2025-04-11", "close": 11.303173, "volume": 33080, "typical_volume": 29623.1, "trend": 12.317029, "fair_value": 12.713617, "relative_strength": -9.217434, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -70.53186, "energy": 49.709829, "activity_lines": [ 11.898144, 12.143728, 12.205564, 12.227287 ] }, { "date": "2025-04-18", "close": 11.864845, "volume": 29449, "typical_volume": 30021.25, "trend": 12.289777, "fair_value": 12.709964, "relative_strength": -9.495806, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.522264, "energy": 48.662882, "activity_lines": [ 11.819107, 12.055108, 12.178773, 12.198114 ] }, { "date": "2025-04-25", "close": 12.524527, "volume": 34087, "typical_volume": 29777.2, "trend": 12.277887, "fair_value": 12.712516, "relative_strength": -7.569407, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.955467, "energy": 24.623301, "activity_lines": [ 11.995651, 12.104113, 12.215096, 12.213259 ] }, { "date": "2025-05-02", "close": 12.669658, "volume": 23480, "typical_volume": 28126.1, "trend": 12.269546, "fair_value": 12.719416, "relative_strength": -8.435529, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.587963, "energy": 6.27438, "activity_lines": [ 12.225849, 12.187832, 12.263033, 12.238535 ] }, { "date": "2025-05-09", "close": 13.065467, "volume": 18693, "typical_volume": 27964.55, "trend": 12.281456, "fair_value": 12.727782, "relative_strength": -7.668998, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.99936, "energy": 36.321074, "activity_lines": [ 12.574161, 12.344785, 12.346126, 12.289884 ] }, { "date": "2025-05-16", "close": 13.262803, "volume": 39013, "typical_volume": 29666.75, "trend": 12.299882, "fair_value": 12.735018, "relative_strength": -8.853298, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 70.925293, "energy": 62.080458, "activity_lines": [ 12.899917, 12.525589, 12.441488, 12.353197 ] }, { "date": "2025-05-23", "close": 13.009939, "volume": 47175, "typical_volume": 31281.45, "trend": 12.310064, "fair_value": 12.737103, "relative_strength": -7.55045, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.688687, "energy": 66.462103, "activity_lines": [ 13.010743, 12.638359, 12.504459, 12.399007 ] }, { "date": "2025-05-30", "close": 12.94624, "volume": 80549, "typical_volume": 33316.6, "trend": 12.332359, "fair_value": 12.740635, "relative_strength": -9.090044, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.278468, "energy": 66.055282, "activity_lines": [ 13.023997, 12.728459, 12.55434, 12.440051 ] }, { "date": "2025-06-06", "close": 13.000288, "volume": 96822, "typical_volume": 36350.05, "trend": 12.349705, "fair_value": 12.749908, "relative_strength": -9.582518, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.951055, "energy": 58.371624, "activity_lines": [ 13.027153, 12.822158, 12.603475, 12.483143 ] }, { "date": "2025-06-13", "close": 12.980985, "volume": 76489, "typical_volume": 39033.8, "trend": 12.364104, "fair_value": 12.763338, "relative_strength": -6.754816, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.640329, "energy": 37.304661, "activity_lines": [ 13.001832, 12.902567, 12.646126, 12.523871 ] }, { "date": "2025-06-20", "close": 13.006079, "volume": 49974, "typical_volume": 40009.3, "trend": 12.375129, "fair_value": 12.778011, "relative_strength": -5.812172, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.28837, "energy": 34.510383, "activity_lines": [ 12.990508, 12.964982, 12.687083, 12.565288 ] }, { "date": "2025-06-27", "close": 13.083289, "volume": 84777, "typical_volume": 42550.45, "trend": 12.413734, "fair_value": 12.794207, "relative_strength": -6.186579, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.385543, "energy": 35.076559, "activity_lines": [ 13.022035, 13.010474, 12.733808, 12.610976 ] }, { "date": "2025-07-04", "close": 13.430737, "volume": 28629, "typical_volume": 42402.95, "trend": 12.459396, "fair_value": 12.810086, "relative_strength": -3.177389, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.197402, "energy": 48.865434, "activity_lines": [ 13.164489, 13.096985, 12.812453, 12.676589 ] }, { "date": "2025-07-11", "close": 12.826565, "volume": 79823, "typical_volume": 44955.85, "trend": 12.482406, "fair_value": 12.824244, "relative_strength": -8.254343, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.481193, "energy": 36.118808, "activity_lines": [ 13.073252, 13.05717, 12.831424, 12.700278 ] }, { "date": "2025-07-18", "close": 12.872891, "volume": 23582, "typical_volume": 44600.1, "trend": 12.521662, "fair_value": 12.838074, "relative_strength": -8.15181, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.873994, "energy": 28.401918, "activity_lines": [ 13.009039, 13.022925, 12.854392, 12.72547 ] }, { "date": "2025-07-25", "close": 12.749354, "volume": 86574, "typical_volume": 46451.6, "trend": 12.562706, "fair_value": 12.846374, "relative_strength": -9.653408, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.252277, "energy": 20.935312, "activity_lines": [ 12.910853, 12.96972, 12.86336, 12.74016 ] }, { "date": "2025-08-01", "close": 12.768657, "volume": 56637, "typical_volume": 48070.1, "trend": 12.603828, "fair_value": 12.854427, "relative_strength": -7.430327, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.609335, "energy": 21.612519, "activity_lines": [ 12.836216, 12.92936, 12.870835, 12.753447 ] }, { "date": "2025-08-08", "close": 13.226129, "volume": 145421, "typical_volume": 54176.25, "trend": 12.654419, "fair_value": 12.861004, "relative_strength": -7.541966, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.014786, "energy": 22.314618, "activity_lines": [ 12.935045, 12.976564, 12.920124, 12.793596 ] }, { "date": "2025-08-15", "close": 13.289827, "volume": 58728, "typical_volume": 56849.4, "trend": 12.696578, "fair_value": 12.868317, "relative_strength": -8.877865, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.392502, "energy": 33.81562, "activity_lines": [ 13.068748, 13.03026, 12.972515, 12.83459 ] }, { "date": "2025-08-22", "close": 13.45776, "volume": 181310, "typical_volume": 63714.6, "trend": 12.741068, "fair_value": 12.875001, "relative_strength": -8.730244, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.907836, "energy": 63.929271, "activity_lines": [ 13.227544, 13.109225, 13.036959, 12.883698 ] }, { "date": "2025-08-29", "close": 13.712553, "volume": 119573, "typical_volume": 68039.25, "trend": 12.775705, "fair_value": 12.884791, "relative_strength": -4.296505, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.012077, "energy": 82.055541, "activity_lines": [ 13.43228, 13.225848, 13.117492, 12.946375 ] }, { "date": "2025-09-05", "close": 13.801345, "volume": 125283, "typical_volume": 72830.95, "trend": 12.807836, "fair_value": 12.894238, "relative_strength": -2.077984, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.187644, "energy": 85.203919, "activity_lines": [ 13.6024, 13.345769, 13.195008, 13.012545 ] }, { "date": "2025-09-12", "close": 14.14107, "volume": 117328, "typical_volume": 76993.0, "trend": 12.846454, "fair_value": 12.90492, "relative_strength": -1.639234, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.513264, "energy": 91.996992, "activity_lines": [ 13.816916, 13.514404, 13.295657, 13.09856 ] }, { "date": "2025-09-19", "close": 14.324446, "volume": 143926, "typical_volume": 83015.3, "trend": 12.899289, "fair_value": 12.918325, "relative_strength": 0.44656, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.905712, "energy": 94.06545, "activity_lines": [ 14.031561, 13.703464, 13.406072, 13.193914 ] }, { "date": "2025-09-26", "close": 14.449912, "volume": 227441, "typical_volume": 93452.7, "trend": 12.96749, "fair_value": 12.934686, "relative_strength": 0.717216, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.56984, "energy": 92.742562, "activity_lines": [ 14.219053, 13.888102, 13.520557, 13.293955 ] }, { "date": "2025-10-03", "close": 14.231792, "volume": 129693, "typical_volume": 97986.7, "trend": 13.040231, "fair_value": 12.944095, "relative_strength": -1.894752, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.731824, "energy": 85.606979, "activity_lines": [ 14.267695, 14.004408, 13.607676, 13.375522 ] }, { "date": "2025-10-10", "close": 13.893998, "volume": 179157, "typical_volume": 104585.8, "trend": 13.090026, "fair_value": 12.953766, "relative_strength": -1.240731, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.419977, "energy": 65.114769, "activity_lines": [ 14.169124, 14.032344, 13.65801, 13.430604 ] }, { "date": "2025-10-17", "close": 14.13721, "volume": 108830, "typical_volume": 105999.85, "trend": 13.141144, "fair_value": 12.961244, "relative_strength": 1.316856, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.1665, "energy": 56.259254, "activity_lines": [ 14.145446, 14.08404, 13.727297, 13.498164 ] }, { "date": "2025-10-24", "close": 14.459563, "volume": 82135, "typical_volume": 105265.5, "trend": 13.207718, "fair_value": 12.973936, "relative_strength": 1.995721, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.8161, "energy": 57.469332, "activity_lines": [ 14.229476, 14.177781, 13.821613, 13.583224 ] }, { "date": "2025-10-31", "close": 14.918964, "volume": 158041, "typical_volume": 109343.1, "trend": 13.313669, "fair_value": 12.982811, "relative_strength": 3.610155, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.949018, "energy": 65.959393, "activity_lines": [ 14.457633, 14.33378, 13.952733, 13.693627 ] }, { "date": "2025-11-07", "close": 15.065663, "volume": 376837, "typical_volume": 125686.25, "trend": 13.439085, "fair_value": 13.001147, "relative_strength": 5.364906, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.728562, "energy": 80.704366, "activity_lines": [ 14.703419, 14.489885, 14.088595, 13.806659 ] }, { "date": "2025-11-14", "close": 15.512595, "volume": 119976, "typical_volume": 127446.2, "trend": 13.560677, "fair_value": 13.023973, "relative_strength": 5.922913, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.014894, "energy": 93.291843, "activity_lines": [ 15.04259, 14.702649, 14.257215, 13.940433 ] }, { "date": "2025-11-21", "close": 15.108753, "volume": 117541, "typical_volume": 131891.8, "trend": 13.646818, "fair_value": 13.043606, "relative_strength": 6.538269, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.389394, "energy": 85.445134, "activity_lines": [ 15.139242, 14.810873, 14.375806, 14.040309 ] }, { "date": "2025-11-28", "close": 15.714516, "volume": 160636, "typical_volume": 135932.45, "trend": 13.748313, "fair_value": 13.066021, "relative_strength": 8.998428, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.100069, "energy": 90.633951, "activity_lines": [ 15.373044, 15.011641, 14.544097, 14.173709 ] }, { "date": "2025-12-05", "close": 15.741961, "volume": 92501, "typical_volume": 139378.4, "trend": 13.837529, "fair_value": 13.091901, "relative_strength": 8.900947, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.377511, "energy": 83.388275, "activity_lines": [ 15.532332, 15.192126, 14.701251, 14.302332 ] }, { "date": "2025-12-12", "close": 15.614536, "volume": 95180, "typical_volume": 139808.7, "trend": 13.915921, "fair_value": 13.121056, "relative_strength": 7.749963, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.83096, "energy": 65.668026, "activity_lines": [ 15.594278, 15.32595, 14.832606, 14.416977 ] }, { "date": "2025-12-19", "close": 15.500833, "volume": 161342, "typical_volume": 145043.95, "trend": 13.99895, "fair_value": 13.144742, "relative_strength": 3.992568, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.65699, "energy": 61.041264, "activity_lines": [ 15.581732, 15.41396, 14.939489, 14.51923 ] }, { "date": "2025-12-26", "close": 15.557684, "volume": 34039, "typical_volume": 139474.85, "trend": 14.085998, "fair_value": 13.17141, "relative_strength": 4.657169, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.065381, "energy": 56.646713, "activity_lines": [ 15.58892, 15.483092, 15.038776, 14.619793 ] }, { "date": "2026-01-02", "close": 15.745881, "volume": 75895, "typical_volume": 140333.2, "trend": 14.177518, "fair_value": 13.197293, "relative_strength": 4.078412, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.575862, "energy": 55.324513, "activity_lines": [ 15.628912, 15.560615, 15.144884, 14.726882 ] }, { "date": "2026-01-09", "close": 16.48103, "volume": 118840, "typical_volume": 137209.7, "trend": 14.294186, "fair_value": 13.224952, "relative_strength": 7.948638, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.202307, "energy": 64.877887, "activity_lines": [ 15.911862, 15.748413, 15.30931, 14.875496 ] }, { "date": "2026-01-16", "close": 16.794693, "volume": 190273, "typical_volume": 140744.7, "trend": 14.420474, "fair_value": 13.255447, "relative_strength": 9.586811, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.942928, "energy": 78.727366, "activity_lines": [ 16.250095, 15.96484, 15.489213, 15.036819 ] }, { "date": "2026-01-23", "close": 17.698433, "volume": 208846, "typical_volume": 144922.85, "trend": 14.574312, "fair_value": 13.290128, "relative_strength": 17.572606, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.714659, "energy": 92.655141, "activity_lines": [ 16.810898, 16.314146, 15.740509, 15.2483 ] }, { "date": "2026-01-30", "close": 18.115997, "volume": 236853, "typical_volume": 150899.1, "trend": 14.730487, "fair_value": 13.328972, "relative_strength": 18.168026, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.1179, "energy": 95.527739, "activity_lines": [ 17.364382, 16.699631, 16.013016, 15.476796 ] }, { "date": "2026-02-06", "close": 18.168928, "volume": 194345, "typical_volume": 153420.05, "trend": 14.908566, "fair_value": 13.369365, "relative_strength": 17.276919, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.664692, "energy": 92.821758, "activity_lines": [ 17.764956, 17.040062, 16.271635, 15.698631 ] }, { "date": "2026-02-13", "close": 18.270868, "volume": 204895, "typical_volume": 152292.75, "trend": 15.088498, "fair_value": 13.408277, "relative_strength": 18.684981, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.431171, "energy": 90.328653, "activity_lines": [ 18.037973, 17.354402, 16.521657, 15.915554 ] }, { "date": "2026-02-20", "close": 18.753126, "volume": 161558, "typical_volume": 153886.0, "trend": 15.288624, "fair_value": 13.451556, "relative_strength": 18.601994, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.333543, "energy": 90.065252, "activity_lines": [ 18.352421, 17.710445, 16.799412, 16.151981 ] }, { "date": "2026-02-27", "close": 18.778612, "volume": 295662, "typical_volume": 159711.25, "trend": 15.488956, "fair_value": 13.494471, "relative_strength": 16.403333, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.210992, "energy": 77.593382, "activity_lines": [ 18.544801, 18.014057, 17.058064, 16.377142 ] }, { "date": "2026-03-06", "close": 17.800375, "volume": 248794, "typical_volume": 166709.45, "trend": 15.641431, "fair_value": 13.532546, "relative_strength": 17.380975, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.841503, "energy": 65.190247, "activity_lines": [ 18.339091, 18.080212, 17.200291, 16.526266 ] }, { "date": "2026-03-13", "close": 17.53964, "volume": 237913, "typical_volume": 174498.35, "trend": 15.783091, "fair_value": 13.572699, "relative_strength": 14.7492, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.111935, "energy": 55.988803, "activity_lines": [ 18.06751, 18.058184, 17.300243, 16.648731 ] }, { "date": "2026-03-20", "close": 17.118158, "volume": 194307, "typical_volume": 176311.65, "trend": 15.905105, "fair_value": 13.61091, "relative_strength": 15.356865, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.083475, "energy": 36.025041, "activity_lines": [ 17.697388, 17.926909, 17.345386, 16.734864 ] }, { "date": "2026-03-27", "close": 17.767048, "volume": 163924, "typical_volume": 165666.0, "trend": 16.040254, "fair_value": 13.649266, "relative_strength": 17.670619, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.04709, "energy": 25.817375, "activity_lines": [ 17.62041, 17.90203, 17.441856, 16.854989 ] }, { "date": "2026-04-03", "close": 18.582571, "volume": 175590, "typical_volume": 168446.7, "trend": 16.199629, "fair_value": 13.694961, "relative_strength": 16.572442, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.433715, "energy": 32.120459, "activity_lines": [ 17.881012, 18.007748, 17.603131, 17.01901 ] }, { "date": "2026-04-10", "close": 19.433382, "volume": 67793, "typical_volume": 165959.3, "trend": 16.376039, "fair_value": 13.742469, "relative_strength": 16.34267, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 76.910683, "energy": 50.771339, "activity_lines": [ 18.438286, 18.252085, 17.830816, 17.227639 ] }, { "date": "2026-04-17", "close": 19.376532, "volume": 169627, "typical_volume": 166408.85, "trend": 16.544442, "fair_value": 13.790581, "relative_strength": 12.599521, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.971732, "energy": 61.473801, "activity_lines": [ 18.867744, 18.462132, 18.032494, 17.421219 ] }, { "date": "2026-04-24", "close": 18.906036, "volume": 134185, "typical_volume": 168493.05, "trend": 16.692979, "fair_value": 13.836205, "relative_strength": 12.285495, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.335744, "energy": 72.304717, "activity_lines": [ 19.01791, 18.564678, 18.171925, 17.57358 ] }, { "date": "2026-05-01", "close": 18.506115, "volume": 264326, "typical_volume": 176950.35, "trend": 16.835457, "fair_value": 13.87855, "relative_strength": 8.253814, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.688867, "energy": 64.528789, "activity_lines": [ 18.915577, 18.582963, 18.258201, 17.690557 ] }, { "date": "2026-05-08", "close": 18.725681, "volume": 140216, "typical_volume": 175894.05, "trend": 16.996513, "fair_value": 13.918244, "relative_strength": 6.939241, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.104638, "energy": 46.390402, "activity_lines": [ 18.837161, 18.64566, 18.351618, 17.812507 ] }, { "date": "2026-05-15", "close": 17.665106, "volume": 125668, "typical_volume": 180475.5, "trend": 17.114109, "fair_value": 13.950092, "relative_strength": 1.056928, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.354747, "energy": 20.70571, "activity_lines": [ 18.39568, 18.516488, 18.328672, 17.855642 ] }, { "date": "2026-05-22", "close": 17.902, "volume": 89463, "typical_volume": 181153.9, "trend": 17.228857, "fair_value": 13.983922, "relative_strength": 1.419707, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.09925, "energy": 19.720231, "activity_lines": [ 18.151049, 18.432847, 18.318252, 17.906473 ] }, { "date": "2026-05-29", "close": 17.716, "volume": 93940, "typical_volume": 179908.9, "trend": 17.322092, "fair_value": 14.0156, "relative_strength": -0.855448, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.832615, "energy": 17.047793, "activity_lines": [ 17.94272, 18.308799, 18.279851, 17.937902 ] }, { "date": "2026-06-05", "close": 17.167999, "volume": 44429, "typical_volume": 172616.7, "trend": 17.39217, "fair_value": 14.039427, "relative_strength": -3.768838, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.794776, "energy": 26.171541, "activity_lines": [ 17.631059, 18.074245, 18.183378, 17.92796 ] }, { "date": "2026-06-12", "close": 17.870001, "volume": 36468, "typical_volume": 163997.8, "trend": 17.47075, "fair_value": 14.067236, "relative_strength": -3.047026, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.046294, "energy": 18.921277, "activity_lines": [ 17.642607, 17.978219, 18.151984, 17.958788 ] }, { "date": "2026-06-19", "close": 17.738001, "volume": 52967, "typical_volume": 154803.5, "trend": 17.558391, "fair_value": 14.094401, "relative_strength": -6.245851, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.380498, "energy": 17.803169, "activity_lines": [ 17.6672, 17.871149, 18.107203, 17.97603 ] }, { "date": "2026-06-26", "close": 17.868, "volume": 20200, "typical_volume": 146096.25, "trend": 17.630174, "fair_value": 14.123168, "relative_strength": -2.741693, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 2.221295, "energy": 20.538651, "activity_lines": [ 17.730267, 17.818541, 18.076602, 17.996005 ] }, { "date": "2026-07-03", "close": 17.902, "volume": 8361, "typical_volume": 136269.55, "trend": 17.702176, "fair_value": 14.152412, "relative_strength": -5.423323, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.600741, "energy": 11.741461, "activity_lines": [ 17.806934, 17.799542, 18.050672, 18.013542 ] }, { "date": "2026-07-10", "close": 18.190001, "volume": 99562, "typical_volume": 133169.75, "trend": 17.788024, "fair_value": 14.184372, "relative_strength": -3.660169, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.836824, "energy": 16.548841, "activity_lines": [ 17.967201, 17.851162, 18.053928, 18.045015 ] }, { "date": "2026-07-17", "close": 18.006001, "volume": 69458, "typical_volume": 121859.55, "trend": 17.87153, "fair_value": 14.212815, "relative_strength": -3.432662, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.938803, "energy": 14.20612, "activity_lines": [ 17.998001, 17.875075, 18.042341, 18.059078 ] }, { "date": "2026-07-24", "close": 18.436001, "volume": 157592, "typical_volume": 117299.45, "trend": 17.967474, "fair_value": 14.242331, "relative_strength": -1.200339, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.57437, "energy": 25.069074, "activity_lines": [ 18.163067, 17.990255, 18.075385, 18.095495 ] }, { "date": "2026-07-31", "close": 18.532, "volume": 115924, "typical_volume": 111200.0, "trend": 18.060344, "fair_value": 14.274677, "relative_strength": -1.578786, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.206363, "energy": 31.069536, "activity_lines": [ 18.313601, 18.108873, 18.114546, 18.131916 ] }, { "date": "2026-08-07", "close": 18.214001, "volume": 140288, "typical_volume": 108499.05, "trend": 18.11811, "fair_value": 14.306305, "relative_strength": -6.154657, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.94559, "energy": 28.408907, "activity_lines": [ 18.313867, 18.158219, 18.118695, 18.14183 ] } ], "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." } } }