{ "ticker": { "uuid": "49219aa3-9ca9-43f5-94cf-e9604e52e18e", "symbol": "XMOV", "name": "Xtrackers Future Mobility UCITS ETF 1C", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 58.046, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": -3.036, "architecture_energy": 30.575, "architecture_maturity": 59.449, "architecture_confidence": 83.275, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 52.6, "rotation_up": 14.02, "upward_expansion": 44.13, "deceleration": 87.61, "rotation_down": 50.82, "downward_expansion": 38.13 }, "activity_lines": [ 116.454666, 120.107636, 122.028666, 119.277505 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 117.599998, "trend_reference": 115.6, "distance_from_trend": 0.017301, "trend_direction": "Improving", "fair_value": 90.727436, "distance_from_fair_value": 0.29619, "fair_value_direction": "Weakening", "relative_strength": -6.717201, "relative_strength_direction": "Weakening", "price_momentum": 0.098963, "excess_performance": -0.071929, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.017301, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.061212, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.29619, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.165848, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.067172, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.183631, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.098963, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.966646, "read": "Supply-led" } ], "volume": { "latest": 6846, "relative_activity": 2.264713, "balance": 0.966646, "dry_up": 2.289275, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.045931, "annualized_volatility": 0.254845, "from_high_reference": -0.120024, "from_low_reference": 0.306086 }, "levels": { "trend_reference": 115.6, "fair_value_reference": 90.727436, "structural_low": 99.269997, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 5, "median_return": 0.037581, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.024535, "regime_survival": 0.0, "best_return": 0.149176, "worst_return": -0.152923, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.049708, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.006316, "regime_survival": 0.0, "best_return": 0.266301, "worst_return": -0.062774, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.064125, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.019067, "regime_survival": 0.0, "best_return": 0.137477, "worst_return": 0.012067, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.190805, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.006128, "regime_survival": 0.5, "best_return": 0.367106, "worst_return": 0.014505, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-02", "end": "2024-09-06", "tenure": "Developing", "return": 0.001171, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-13", "end": "2024-10-04", "tenure": "New", "return": 0.065318, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-11", "end": "2024-10-18", "tenure": "New", "return": -0.00721, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-25", "end": "2024-12-13", "tenure": "Developing", "return": 0.054073, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-03-14", "tenure": "Established", "return": 0.009666, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-21", "end": "2025-03-28", "tenure": "New", "return": -0.04212, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-25", "tenure": "New", "return": 0.069092, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-02", "end": "2025-05-30", "tenure": "Developing", "return": 0.040731, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-07-18", "tenure": "Developing", "return": 0.029217, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-25", "end": "2025-08-29", "tenure": "Developing", "return": 0.021963, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2026-03-20", "tenure": "Extended", "return": 0.102421, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.145082, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-10", "tenure": "Developing", "return": 0.083761, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.028601, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 65.43, "volume": 141, "typical_volume": 2076.45, "trend": 63.975668, "fair_value": 62.416272, "relative_strength": 0.74414, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.02381, "energy": 27.754383, "activity_lines": [ 68.263335, 69.115638, 67.951811, 66.217119 ] }, { "date": "2023-08-25", "close": 66.790001, "volume": 44, "typical_volume": 1567.2, "trend": 64.284001, "fair_value": 62.453026, "relative_strength": 1.594286, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.609485, "energy": 28.89337, "activity_lines": [ 67.523335, 68.609638, 68.020811, 66.398689 ] }, { "date": "2023-09-01", "close": 69.459999, "volume": 86, "typical_volume": 1470.4, "trend": 64.663334, "fair_value": 62.511417, "relative_strength": 4.234893, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.931027, "energy": 29.448357, "activity_lines": [ 67.85, 68.67291, 68.317525, 66.732625 ] }, { "date": "2023-09-08", "close": 69.459999, "volume": 0, "typical_volume": 1324.0, "trend": 64.941667, "fair_value": 62.568843, "relative_strength": 5.912397, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.268219, "energy": 26.275229, "activity_lines": [ 68.332666, 68.717819, 68.571144, 67.042087 ] }, { "date": "2023-09-15", "close": 71.0, "volume": 6368, "typical_volume": 1568.1, "trend": 65.289667, "fair_value": 62.637951, "relative_strength": 5.958387, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.079135, "energy": 45.693688, "activity_lines": [ 69.348666, 69.050182, 68.927858, 67.432947 ] }, { "date": "2023-09-22", "close": 69.300003, "volume": 994, "typical_volume": 1617.3, "trend": 65.626001, "fair_value": 62.692114, "relative_strength": 4.711901, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.061962, "energy": 42.275205, "activity_lines": [ 69.639334, 69.065274, 69.067716, 67.691678 ] }, { "date": "2023-09-29", "close": 68.970001, "volume": 346, "typical_volume": 1624.0, "trend": 65.904001, "fair_value": 62.742742, "relative_strength": 5.603996, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.431848, "energy": 40.654809, "activity_lines": [ 69.562001, 69.040546, 69.131906, 67.90742 ] }, { "date": "2023-10-06", "close": 67.82, "volume": 1654, "typical_volume": 1700.25, "trend": 66.139668, "fair_value": 62.78336, "relative_strength": 5.509864, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.255545, "energy": 25.129438, "activity_lines": [ 68.956001, 68.815273, 69.048001, 68.031033 ] }, { "date": "2023-10-13", "close": 69.370003, "volume": 24, "typical_volume": 1649.6, "trend": 66.490001, "fair_value": 62.835635, "relative_strength": 6.363647, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.09701, "energy": 19.020547, "activity_lines": [ 68.976002, 68.944183, 69.090335, 68.239442 ] }, { "date": "2023-10-20", "close": 65.919998, "volume": 231, "typical_volume": 1658.8, "trend": 66.705667, "fair_value": 62.859922, "relative_strength": 4.317413, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -8.907375, "energy": 15.438397, "activity_lines": [ 67.852, 68.45291, 68.788525, 68.202668 ] }, { "date": "2023-10-27", "close": 64.610001, "volume": 7401, "typical_volume": 1983.5, "trend": 66.800334, "fair_value": 62.873594, "relative_strength": 2.431551, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -38.553383, "energy": 36.81956, "activity_lines": [ 66.63, 67.772546, 68.361191, 68.067463 ] }, { "date": "2023-11-03", "close": 68.260002, "volume": 573, "typical_volume": 1982.45, "trend": 67.035334, "fair_value": 62.915349, "relative_strength": 2.867758, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.198779, "energy": 27.095538, "activity_lines": [ 66.937334, 67.770728, 68.298191, 68.161635 ] }, { "date": "2023-11-10", "close": 68.209999, "volume": 61, "typical_volume": 1919.75, "trend": 67.295334, "fair_value": 62.956077, "relative_strength": 3.265443, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -14.588812, "energy": 21.817509, "activity_lines": [ 67.275334, 67.733091, 68.245382, 68.23742 ] }, { "date": "2023-11-17", "close": 70.18, "volume": 9454, "typical_volume": 2326.75, "trend": 67.624334, "fair_value": 63.011222, "relative_strength": 2.516782, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 33.564729, "energy": 13.87286, "activity_lines": [ 68.244, 68.076364, 68.381334, 68.423528 ] }, { "date": "2023-11-24", "close": 70.110001, "volume": 8, "typical_volume": 2325.45, "trend": 67.979334, "fair_value": 63.065, "relative_strength": 2.504227, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 37.961615, "energy": 29.951913, "activity_lines": [ 69.135334, 68.393819, 68.509144, 68.583893 ] }, { "date": "2023-12-01", "close": 70.080002, "volume": 2101, "typical_volume": 2142.85, "trend": 68.315001, "fair_value": 63.117745, "relative_strength": 0.684607, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.383165, "energy": 38.342607, "activity_lines": [ 69.737334, 68.722001, 68.636191, 68.71942 ] }, { "date": "2023-12-08", "close": 71.019997, "volume": 6656, "typical_volume": 2373.7, "trend": 68.653334, "fair_value": 63.176717, "relative_strength": 0.37858, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.403029, "energy": 55.703677, "activity_lines": [ 70.288, 69.206909, 68.854334, 68.893936 ] }, { "date": "2023-12-15", "close": 72.809998, "volume": 58, "typical_volume": 1915.65, "trend": 68.969334, "fair_value": 63.248074, "relative_strength": 2.842527, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.486569, "energy": 77.190311, "activity_lines": [ 71.251332, 69.98, 69.235429, 69.162108 ] }, { "date": "2023-12-22", "close": 72.93, "volume": 158, "typical_volume": 1818.75, "trend": 69.197001, "fair_value": 63.319265, "relative_strength": 2.843351, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.454038, "energy": 81.721925, "activity_lines": [ 71.947999, 70.684181, 69.623143, 69.417635 ] }, { "date": "2023-12-29", "close": 73.779999, "volume": 70, "typical_volume": 1821.4, "trend": 69.464334, "fair_value": 63.395621, "relative_strength": 3.800442, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.610646, "energy": 86.595204, "activity_lines": [ 72.744666, 71.478181, 70.076714, 69.713312 ] }, { "date": "2024-01-05", "close": 72.699997, "volume": 701, "typical_volume": 1849.4, "trend": 69.617001, "fair_value": 63.463044, "relative_strength": 1.720033, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.679606, "energy": 81.565357, "activity_lines": [ 72.936665, 71.932908, 70.402857, 69.922065 ] }, { "date": "2024-01-12", "close": 73.610001, "volume": 148, "typical_volume": 1854.6, "trend": 69.690667, "fair_value": 63.536044, "relative_strength": 2.634794, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.415134, "energy": 81.305563, "activity_lines": [ 73.257333, 72.405999, 70.781047, 70.179678 ] }, { "date": "2024-01-19", "close": 73.910004, "volume": 345, "typical_volume": 1867.55, "trend": 69.872668, "fair_value": 63.610143, "relative_strength": 3.423956, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.462489, "energy": 79.382161, "activity_lines": [ 73.505334, 72.836364, 71.155333, 70.451893 ] }, { "date": "2024-01-26", "close": 75.349998, "volume": 492, "typical_volume": 1892.15, "trend": 70.055334, "fair_value": 63.693405, "relative_strength": 4.8497, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.246494, "energy": 84.217575, "activity_lines": [ 74.16, 73.424909, 71.645571, 70.805269 ] }, { "date": "2024-02-02", "close": 75.32, "volume": 177, "typical_volume": 1582.6, "trend": 70.214334, "fair_value": 63.775282, "relative_strength": 3.40169, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.926491, "energy": 90.385182, "activity_lines": [ 74.643334, 73.914, 72.104905, 71.144925 ] }, { "date": "2024-02-09", "close": 78.300003, "volume": 162, "typical_volume": 1541.0, "trend": 70.477334, "fair_value": 63.876854, "relative_strength": 5.748243, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.848319, "energy": 96.436925, "activity_lines": [ 76.017335, 74.850182, 72.827476, 71.666581 ] }, { "date": "2024-02-16", "close": 80.129997, "volume": 268, "typical_volume": 1537.1, "trend": 70.833667, "fair_value": 63.989723, "relative_strength": 5.961286, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.552125, "energy": 98.43404, "activity_lines": [ 77.628, 75.969636, 73.681476, 72.289333 ] }, { "date": "2024-02-23", "close": 81.330002, "volume": 1881, "typical_volume": 1548.45, "trend": 71.151334, "fair_value": 64.109311, "relative_strength": 4.115106, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.440084, "energy": 97.394707, "activity_lines": [ 79.204, 77.141637, 74.596619, 72.966516 ] }, { "date": "2024-03-01", "close": 82.93, "volume": 313, "typical_volume": 1562.9, "trend": 71.590334, "fair_value": 64.23822, "relative_strength": 5.125298, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.607409, "energy": 97.135942, "activity_lines": [ 80.818667, 78.449637, 75.59981, 73.72643 ] }, { "date": "2024-03-08", "close": 83.459999, "volume": 534, "typical_volume": 1578.05, "trend": 72.085, "fair_value": 64.36898, "relative_strength": 4.081473, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.049909, "energy": 95.293116, "activity_lines": [ 82.104667, 79.672182, 76.588905, 74.492215 ] }, { "date": "2024-03-15", "close": 81.779999, "volume": 1679, "typical_volume": 1291.95, "trend": 72.63, "fair_value": 64.486622, "relative_strength": 0.294711, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.55959, "energy": 83.234267, "activity_lines": [ 82.287999, 80.413273, 77.334476, 75.117699 ] }, { "date": "2024-03-22", "close": 84.589996, "volume": 13, "typical_volume": 1263.95, "trend": 73.223333, "fair_value": 64.621544, "relative_strength": 2.383725, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.544818, "energy": 74.160668, "activity_lines": [ 83.175998, 81.500181, 78.265904, 75.889312 ] }, { "date": "2024-03-29", "close": 84.989998, "volume": 121, "typical_volume": 1266.95, "trend": 73.741, "fair_value": 64.757334, "relative_strength": 1.529991, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.120157, "energy": 72.696349, "activity_lines": [ 83.899998, 82.460181, 79.157666, 76.648451 ] }, { "date": "2024-04-05", "close": 84.779999, "volume": 2873, "typical_volume": 937.9, "trend": 74.251667, "fair_value": 64.889934, "relative_strength": 3.278968, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.988292, "energy": 69.786741, "activity_lines": [ 84.309998, 83.180544, 79.949523, 77.360645 ] }, { "date": "2024-04-12", "close": 84.839996, "volume": 1240, "typical_volume": 999.5, "trend": 74.713, "fair_value": 65.021184, "relative_strength": 3.822462, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.002481, "energy": 68.8069, "activity_lines": [ 84.616664, 83.740362, 80.67757, 78.043763 ] }, { "date": "2024-04-19", "close": 81.059998, "volume": 1125, "typical_volume": 950.7, "trend": 75.105, "fair_value": 65.126013, "relative_strength": -1.434454, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.630308, "energy": 62.548626, "activity_lines": [ 83.571331, 83.439816, 80.975475, 78.453246 ] }, { "date": "2024-04-26", "close": 82.239998, "volume": 153, "typical_volume": 625.55, "trend": 75.547333, "fair_value": 65.237143, "relative_strength": -1.118248, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.460931, "energy": 51.162395, "activity_lines": [ 82.967331, 83.303634, 81.333475, 78.913569 ] }, { "date": "2024-05-03", "close": 82.040001, "volume": 569, "typical_volume": 651.1, "trend": 76.021333, "fair_value": 65.345549, "relative_strength": 0.268008, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.356603, "energy": 38.129393, "activity_lines": [ 82.453332, 83.092726, 81.618999, 79.332451 ] }, { "date": "2024-05-10", "close": 82.290001, "volume": 551, "typical_volume": 670.75, "trend": 76.451999, "fair_value": 65.454167, "relative_strength": -2.52414, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.555999, "energy": 29.738526, "activity_lines": [ 82.219333, 82.914362, 81.88438, 79.736881 ] }, { "date": "2024-05-17", "close": 83.709999, "volume": 351, "typical_volume": 684.8, "trend": 77.044999, "fair_value": 65.58, "relative_strength": -2.969206, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.402998, "energy": 37.516117, "activity_lines": [ 82.624666, 83.005817, 82.240428, 80.205139 ] }, { "date": "2024-05-24", "close": 85.209999, "volume": 590, "typical_volume": 679.25, "trend": 77.731666, "fair_value": 65.709744, "relative_strength": 1.372826, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 76.119025, "energy": 55.145316, "activity_lines": [ 83.605333, 83.365454, 82.692047, 80.731913 ] }, { "date": "2024-05-31", "close": 84.800003, "volume": 2269, "typical_volume": 785.3, "trend": 78.282999, "fair_value": 65.817821, "relative_strength": 0.858973, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.004807, "energy": 58.906965, "activity_lines": [ 84.172667, 83.588182, 83.045047, 81.187935 ] }, { "date": "2024-06-07", "close": 86.5, "volume": 357, "typical_volume": 785.9, "trend": 78.892666, "fair_value": 65.941026, "relative_strength": 2.392124, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.839648, "energy": 78.315768, "activity_lines": [ 85.136001, 84.116182, 83.506666, 81.718064 ] }, { "date": "2024-06-14", "close": 86.849998, "volume": 87, "typical_volume": 765.65, "trend": 79.448333, "fair_value": 66.073782, "relative_strength": 9.002564, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.002896, "energy": 87.405451, "activity_lines": [ 85.918666, 84.680363, 83.941666, 82.23144 ] }, { "date": "2024-06-21", "close": 88.57, "volume": 403, "typical_volume": 776.95, "trend": 80.063666, "fair_value": 66.209808, "relative_strength": 8.888952, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.123268, "energy": 93.303663, "activity_lines": [ 86.970666, 85.519636, 84.485714, 82.819935 ] }, { "date": "2024-06-28", "close": 88.419998, "volume": 4, "typical_volume": 769.05, "trend": 80.674999, "fair_value": 66.346282, "relative_strength": 9.047858, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.514631, "energy": 90.080784, "activity_lines": [ 87.648666, 86.263818, 84.95238, 83.359053 ] }, { "date": "2024-07-05", "close": 87.610001, "volume": 109, "typical_volume": 761.1, "trend": 81.227999, "fair_value": 66.481154, "relative_strength": 5.366186, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.538912, "energy": 83.62922, "activity_lines": [ 87.842666, 86.726909, 85.293714, 83.806473 ] }, { "date": "2024-07-12", "close": 90.239998, "volume": 1571, "typical_volume": 745.6, "trend": 81.808999, "fair_value": 66.636603, "relative_strength": 6.53996, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.055891, "energy": 82.601985, "activity_lines": [ 88.725999, 87.570545, 85.849904, 84.387892 ] }, { "date": "2024-07-19", "close": 86.410004, "volume": 143, "typical_volume": 737.1, "trend": 82.258333, "fair_value": 66.766026, "relative_strength": 3.010267, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.322912, "energy": 59.714685, "activity_lines": [ 88.083334, 87.568727, 85.998905, 84.684731 ] }, { "date": "2024-07-26", "close": 82.93, "volume": 462, "typical_volume": 733.5, "trend": 82.563333, "fair_value": 66.873013, "relative_strength": 0.028223, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 23.223565, "energy": 23.506214, "activity_lines": [ 86.310001, 86.859273, 85.799905, 84.728064 ] }, { "date": "2024-08-02", "close": 76.889999, "volume": 175, "typical_volume": 658.3, "trend": 82.703, "fair_value": 66.936987, "relative_strength": -2.033725, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -15.134152, "energy": 29.939838, "activity_lines": [ 82.899334, 85.065818, 85.02819, 84.362043 ] }, { "date": "2024-08-09", "close": 76.639999, "volume": 788, "typical_volume": 697.05, "trend": 82.804, "fair_value": 66.994744, "relative_strength": -1.612162, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.891687, "energy": 53.890576, "activity_lines": [ 80.174, 83.378182, 84.255952, 83.970881 ] }, { "date": "2024-08-16", "close": 80.209999, "volume": 147, "typical_volume": 698.35, "trend": 83.013999, "fair_value": 67.098269, "relative_strength": -1.007707, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.146667, "energy": 46.705419, "activity_lines": [ 79.369999, 82.488, 83.861571, 83.803526 ] }, { "date": "2024-08-23", "close": 80.779999, "volume": 250, "typical_volume": 567.2, "trend": 83.194999, "fair_value": 67.198654, "relative_strength": -2.133727, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.375877, "energy": 62.778555, "activity_lines": [ 79.424666, 81.815818, 83.544238, 83.659397 ] }, { "date": "2024-08-30", "close": 81.620003, "volume": 16, "typical_volume": 506.0, "trend": 83.405, "fair_value": 67.299359, "relative_strength": -3.158087, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.5257, "energy": 51.588643, "activity_lines": [ 80.134667, 81.406727, 83.325952, 83.557785 ] }, { "date": "2024-09-06", "close": 76.980003, "volume": 201, "typical_volume": 459.8, "trend": 83.361, "fair_value": 67.366282, "relative_strength": -5.585357, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.779765, "energy": 51.390048, "activity_lines": [ 79.385335, 80.280364, 82.681096, 83.143269 ] }, { "date": "2024-09-13", "close": 79.610001, "volume": 104, "typical_volume": 457.35, "trend": 83.343666, "fair_value": 67.449423, "relative_strength": -3.100323, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.842526, "energy": 40.472593, "activity_lines": [ 79.506668, 79.840183, 82.306143, 82.901269 ] }, { "date": "2024-09-20", "close": 81.059998, "volume": 923, "typical_volume": 475.05, "trend": 83.334666, "fair_value": 67.543911, "relative_strength": -1.883706, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.69637, "energy": 32.696381, "activity_lines": [ 79.913334, 79.809091, 82.08181, 82.753935 ] }, { "date": "2024-09-27", "close": 84.029999, "volume": 33, "typical_volume": 449.15, "trend": 83.371333, "fair_value": 67.663526, "relative_strength": -1.097814, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.915205, "energy": 19.983627, "activity_lines": [ 81.253333, 80.484909, 82.145, 82.798796 ] }, { "date": "2024-10-04", "close": 84.809998, "volume": 114, "typical_volume": 437.3, "trend": 83.416333, "fair_value": 67.797564, "relative_strength": 3.117129, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.911812, "energy": 16.313428, "activity_lines": [ 82.636666, 81.345818, 82.27419, 82.891613 ] }, { "date": "2024-10-11", "close": 84.610001, "volume": 195, "typical_volume": 417.55, "trend": 83.510666, "fair_value": 67.903462, "relative_strength": 0.725499, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.667605, "energy": 21.806956, "activity_lines": [ 83.740666, 82.136182, 82.379095, 82.968624 ] }, { "date": "2024-10-18", "close": 84.0, "volume": 157, "typical_volume": 311.95, "trend": 83.491, "fair_value": 68.006667, "relative_strength": -2.527822, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.026729, "energy": 27.192819, "activity_lines": [ 84.132666, 82.675273, 82.428762, 83.000193 ] }, { "date": "2024-10-25", "close": 85.07, "volume": 33, "typical_volume": 295.75, "trend": 83.493666, "fair_value": 68.117564, "relative_strength": -0.132842, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.796926, "energy": 31.666051, "activity_lines": [ 84.588667, 83.275091, 82.584143, 83.102064 ] }, { "date": "2024-11-01", "close": 83.029999, "volume": 226, "typical_volume": 302.7, "trend": 83.435333, "fair_value": 68.201987, "relative_strength": -2.257317, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 17.241527, "energy": 29.762773, "activity_lines": [ 84.097333, 83.415636, 82.552048, 83.07215 ] }, { "date": "2024-11-08", "close": 86.589996, "volume": 162, "typical_volume": 290.65, "trend": 83.493666, "fair_value": 68.305577, "relative_strength": 4.385463, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.090973, "energy": 43.864412, "activity_lines": [ 84.859332, 84.162544, 82.87719, 83.275677 ] }, { "date": "2024-11-15", "close": 85.980003, "volume": 1471, "typical_volume": 364.0, "trend": 83.657667, "fair_value": 68.400834, "relative_strength": 2.404561, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.778163, "energy": 46.220213, "activity_lines": [ 85.299333, 84.708181, 83.153667, 83.436086 ] }, { "date": "2024-11-22", "close": 87.32, "volume": 229, "typical_volume": 370.0, "trend": 83.827, "fair_value": 68.526218, "relative_strength": 5.978068, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.954178, "energy": 52.350088, "activity_lines": [ 86.094667, 85.333818, 83.569381, 83.672365 ] }, { "date": "2024-11-29", "close": 86.449997, "volume": 864, "typical_volume": 334.65, "trend": 83.974, "fair_value": 68.648974, "relative_strength": 4.971864, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.533515, "energy": 55.390329, "activity_lines": [ 86.378666, 85.66109, 83.903619, 83.841591 ] }, { "date": "2024-12-06", "close": 88.330002, "volume": 283, "typical_volume": 341.65, "trend": 84.175333, "fair_value": 68.772564, "relative_strength": 2.968726, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.99458, "energy": 64.964546, "activity_lines": [ 87.197333, 86.232182, 84.434952, 84.122623 ] }, { "date": "2024-12-13", "close": 89.669998, "volume": 1520, "typical_volume": 394.55, "trend": 84.374, "fair_value": 68.911346, "relative_strength": 3.974184, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.2398, "energy": 81.600876, "activity_lines": [ 88.109333, 86.968727, 85.084761, 84.477118 ] }, { "date": "2024-12-20", "close": 88.970001, "volume": 320, "typical_volume": 401.8, "trend": 84.499333, "fair_value": 69.047308, "relative_strength": 6.401349, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.244025, "energy": 74.67686, "activity_lines": [ 88.582666, 87.489636, 85.635809, 84.773634 ] }, { "date": "2024-12-27", "close": 90.379997, "volume": 107, "typical_volume": 367.75, "trend": 84.685333, "fair_value": 69.189423, "relative_strength": 6.659797, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.575124, "energy": 84.379326, "activity_lines": [ 89.326666, 88.187636, 86.263618, 85.153032 ] }, { "date": "2025-01-03", "close": 90.019997, "volume": 66, "typical_volume": 363.7, "trend": 84.802666, "fair_value": 69.321603, "relative_strength": 6.13239, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.39905, "energy": 79.246545, "activity_lines": [ 89.746665, 88.704181, 86.791713, 85.497204 ] }, { "date": "2025-01-10", "close": 89.389999, "volume": 317, "typical_volume": 367.05, "trend": 84.887333, "fair_value": 69.444808, "relative_strength": 2.395995, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.581387, "energy": 60.204974, "activity_lines": [ 89.718665, 89.016181, 87.213094, 85.793161 ] }, { "date": "2025-01-17", "close": 91.099998, "volume": 245, "typical_volume": 378.5, "trend": 84.971666, "fair_value": 69.595577, "relative_strength": 0.909696, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.692583, "energy": 62.622733, "activity_lines": [ 90.189998, 89.523453, 87.756332, 86.193978 ] }, { "date": "2025-01-24", "close": 91.760002, "volume": 1392, "typical_volume": 438.05, "trend": 85.083, "fair_value": 69.769423, "relative_strength": 1.786102, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.100996, "energy": 59.679217, "activity_lines": [ 90.785999, 90.068726, 88.317285, 86.631935 ] }, { "date": "2025-01-31", "close": 93.769997, "volume": 464, "typical_volume": 456.05, "trend": 85.288333, "fair_value": 69.956603, "relative_strength": 3.14803, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.505097, "energy": 67.198924, "activity_lines": [ 91.865999, 90.874362, 88.999285, 87.192386 ] }, { "date": "2025-02-07", "close": 92.360001, "volume": 231, "typical_volume": 421.45, "trend": 85.359, "fair_value": 70.127628, "relative_strength": 0.011841, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.849405, "energy": 69.843939, "activity_lines": [ 92.25, 91.306363, 89.479571, 87.648623 ] }, { "date": "2025-02-14", "close": 94.709999, "volume": 321, "typical_volume": 435.85, "trend": 85.635666, "fair_value": 70.312051, "relative_strength": 0.090996, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.520067, "energy": 79.073208, "activity_lines": [ 93.261333, 92.058181, 90.129856, 88.251913 ] }, { "date": "2025-02-21", "close": 96.040001, "volume": 329, "typical_volume": 446.6, "trend": 86.072666, "fair_value": 70.520385, "relative_strength": 0.31654, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.823888, "energy": 83.598234, "activity_lines": [ 94.361333, 92.935818, 90.855952, 88.923161 ] }, { "date": "2025-02-28", "close": 93.57, "volume": 1583, "typical_volume": 516.0, "trend": 86.628666, "fair_value": 70.731603, "relative_strength": -2.782005, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.500398, "energy": 60.070923, "activity_lines": [ 94.308667, 93.248545, 91.293333, 89.40686 ] }, { "date": "2025-03-07", "close": 89.889999, "volume": 1577, "typical_volume": 587.0, "trend": 87.070333, "fair_value": 70.932564, "relative_strength": -6.332943, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.589338, "energy": 45.890205, "activity_lines": [ 92.908666, 92.808545, 91.337571, 89.617268 ] }, { "date": "2025-03-14", "close": 89.830002, "volume": 586, "typical_volume": 614.65, "trend": 87.391, "fair_value": 71.130064, "relative_strength": -6.483649, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.337657, "energy": 26.736292, "activity_lines": [ 91.747334, 92.366546, 91.348047, 89.795311 ] }, { "date": "2025-03-21", "close": 89.980003, "volume": 445, "typical_volume": 625.6, "trend": 87.697666, "fair_value": 71.31, "relative_strength": -7.128223, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.43097, "energy": 25.21366, "activity_lines": [ 90.804668, 91.955273, 91.350143, 89.962344 ] }, { "date": "2025-03-28", "close": 86.190002, "volume": 52, "typical_volume": 620.1, "trend": 87.85, "fair_value": 71.466539, "relative_strength": -10.20433, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.852813, "energy": 27.653902, "activity_lines": [ 88.914002, 90.844183, 90.958191, 89.865075 ] }, { "date": "2025-04-04", "close": 76.129997, "volume": 6234, "typical_volume": 858.25, "trend": 87.821666, "fair_value": 71.569167, "relative_strength": -11.118909, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -52.83029, "energy": 62.637169, "activity_lines": [ 84.326667, 87.993273, 89.610048, 89.108946 ] }, { "date": "2025-04-11", "close": 74.870003, "volume": 1419, "typical_volume": 917.75, "trend": 87.663666, "fair_value": 71.666282, "relative_strength": -10.777842, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -61.384027, "energy": 81.029516, "activity_lines": [ 80.482001, 85.197455, 88.18881, 88.273355 ] }, { "date": "2025-04-18", "close": 76.220001, "volume": 1535, "typical_volume": 951.3, "trend": 87.502333, "fair_value": 71.771795, "relative_strength": -13.914789, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.910469, "energy": 81.548908, "activity_lines": [ 78.088668, 82.990728, 86.955429, 87.535054 ] }, { "date": "2025-04-25", "close": 81.389999, "volume": 216, "typical_volume": 947.95, "trend": 87.414333, "fair_value": 71.903782, "relative_strength": -11.288825, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.081342, "energy": 83.995991, "activity_lines": [ 78.326, 82.017455, 86.263143, 87.14071 ] }, { "date": "2025-05-02", "close": 83.230003, "volume": 245, "typical_volume": 884.2, "trend": 87.361667, "fair_value": 72.049936, "relative_strength": -11.416948, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.436828, "energy": 66.538846, "activity_lines": [ 79.749334, 81.62091, 85.779143, 86.870753 ] }, { "date": "2025-05-09", "close": 84.489998, "volume": 1464, "typical_volume": 941.4, "trend": 87.357666, "fair_value": 72.204167, "relative_strength": -12.298809, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.466295, "energy": 38.477485, "activity_lines": [ 81.79, 81.686364, 85.44581, 86.685484 ] }, { "date": "2025-05-16", "close": 88.029999, "volume": 1939, "typical_volume": 1033.0, "trend": 87.492, "fair_value": 72.377885, "relative_strength": -11.375631, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.221111, "energy": 24.515071, "activity_lines": [ 84.453333, 82.560546, 85.470953, 86.72886 ] }, { "date": "2025-05-23", "close": 85.519997, "volume": 452, "typical_volume": 1052.3, "trend": 87.507, "fair_value": 72.533077, "relative_strength": -11.114009, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.523763, "energy": 28.259824, "activity_lines": [ 85.402665, 83.012181, 85.268238, 86.601634 ] }, { "date": "2025-05-30", "close": 86.620003, "volume": 1290, "typical_volume": 1100.95, "trend": 87.626666, "fair_value": 72.685321, "relative_strength": -11.136407, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.934641, "energy": 25.695655, "activity_lines": [ 86.098667, 83.742182, 85.191715, 86.544409 ] }, { "date": "2025-06-06", "close": 86.25, "volume": 212, "typical_volume": 1099.3, "trend": 87.615333, "fair_value": 72.839359, "relative_strength": -12.380976, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.396692, "energy": 23.315759, "activity_lines": [ 86.322667, 84.466, 85.093143, 86.455591 ] }, { "date": "2025-06-13", "close": 85.589996, "volume": 603, "typical_volume": 1059.85, "trend": 87.602333, "fair_value": 73.011346, "relative_strength": -10.139188, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.622028, "energy": 13.489948, "activity_lines": [ 86.125332, 85.068727, 84.954809, 86.324925 ] }, { "date": "2025-06-20", "close": 85.019997, "volume": 160, "typical_volume": 1044.65, "trend": 87.525666, "fair_value": 73.17859, "relative_strength": -9.911511, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.465475, "energy": 11.17549, "activity_lines": [ 85.664665, 85.395817, 84.791571, 86.158322 ] }, { "date": "2025-06-27", "close": 88.120003, "volume": 295, "typical_volume": 1047.85, "trend": 87.581333, "fair_value": 73.376346, "relative_strength": -7.49477, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.269294, "energy": 7.743271, "activity_lines": [ 86.438, 86.101999, 84.965238, 86.196667 ] }, { "date": "2025-07-04", "close": 86.849998, "volume": 324, "typical_volume": 1048.0, "trend": 87.532, "fair_value": 73.565833, "relative_strength": -8.26798, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.82458, "energy": 11.823606, "activity_lines": [ 86.614666, 86.360908, 85.038143, 86.149484 ] }, { "date": "2025-07-11", "close": 88.449997, "volume": 329, "typical_volume": 1048.0, "trend": 87.491333, "fair_value": 73.759039, "relative_strength": -7.34077, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.764106, "energy": 33.775134, "activity_lines": [ 87.309332, 86.811453, 85.300857, 86.208709 ] }, { "date": "2025-07-18", "close": 88.769997, "volume": 307, "typical_volume": 984.2, "trend": 87.484666, "fair_value": 73.945, "relative_strength": -7.303338, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.833679, "energy": 50.381008, "activity_lines": [ 87.963998, 87.225271, 85.63019, 86.291204 ] }, { "date": "2025-07-25", "close": 90.150002, "volume": 1241, "typical_volume": 967.4, "trend": 87.477, "fair_value": 74.14391, "relative_strength": -6.638534, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.130327, "energy": 59.70347, "activity_lines": [ 88.866666, 87.812181, 86.113809, 86.463161 ] }, { "date": "2025-08-01", "close": 87.449997, "volume": 1061, "typical_volume": 991.15, "trend": 87.391333, "fair_value": 74.308654, "relative_strength": -7.50031, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.79207, "energy": 43.79618, "activity_lines": [ 88.527332, 87.869635, 86.339047, 86.461419 ] }, { "date": "2025-08-08", "close": 89.959999, "volume": 1792, "typical_volume": 1058.5, "trend": 87.410333, "fair_value": 74.48468, "relative_strength": -8.502242, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.222279, "energy": 46.933634, "activity_lines": [ 89.069332, 88.348362, 86.814666, 86.627139 ] }, { "date": "2025-08-15", "close": 91.43, "volume": 266, "typical_volume": 1069.2, "trend": 87.421333, "fair_value": 74.665577, "relative_strength": -9.04233, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.058775, "energy": 60.026815, "activity_lines": [ 89.893999, 89.033635, 87.43038, 86.886473 ] }, { "date": "2025-08-22", "close": 93.050003, "volume": 161, "typical_volume": 765.55, "trend": 87.464333, "fair_value": 74.865513, "relative_strength": -8.644849, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.593215, "energy": 70.07836, "activity_lines": [ 91.060001, 89.919272, 88.175428, 87.249613 ] }, { "date": "2025-08-29", "close": 92.129997, "volume": 526, "typical_volume": 720.9, "trend": 87.409666, "fair_value": 75.081218, "relative_strength": -7.014766, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 72.208699, "energy": 84.187192, "activity_lines": [ 91.633999, 90.501999, 88.752285, 87.550623 ] }, { "date": "2025-09-05", "close": 91.68, "volume": 613, "typical_volume": 674.8, "trend": 87.387, "fair_value": 75.298141, "relative_strength": -6.077522, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.017244, "energy": 81.458582, "activity_lines": [ 91.926, 90.873636, 89.204094, 87.826128 ] }, { "date": "2025-09-12", "close": 93.599998, "volume": 1421, "typical_volume": 735.05, "trend": 87.35, "fair_value": 75.52109, "relative_strength": -6.135816, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.668206, "energy": 88.13851, "activity_lines": [ 92.575999, 91.529636, 89.765142, 88.226967 ] }, { "date": "2025-09-19", "close": 95.75, "volume": 1475, "typical_volume": 796.55, "trend": 87.340333, "fair_value": 75.786218, "relative_strength": -3.293805, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.444345, "energy": 89.178228, "activity_lines": [ 93.699999, 92.453818, 90.472809, 88.768903 ] }, { "date": "2025-09-26", "close": 96.370003, "volume": 1440, "typical_volume": 795.35, "trend": 87.433666, "fair_value": 76.056282, "relative_strength": -3.302789, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.805649, "energy": 90.913071, "activity_lines": [ 94.742667, 93.358, 91.179904, 89.351462 ] }, { "date": "2025-10-03", "close": 97.900002, "volume": 347, "typical_volume": 715.75, "trend": 87.700667, "fair_value": 76.34891, "relative_strength": -2.948598, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.469647, "energy": 93.455593, "activity_lines": [ 96.074001, 94.402182, 91.976143, 90.026709 ] }, { "date": "2025-10-10", "close": 96.699997, "volume": 1254, "typical_volume": 755.85, "trend": 87.929666, "fair_value": 76.628462, "relative_strength": -1.244073, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.700523, "energy": 84.056311, "activity_lines": [ 96.620667, 95.087273, 92.611095, 90.607311 ] }, { "date": "2025-10-17", "close": 97.830002, "volume": 1163, "typical_volume": 749.5, "trend": 88.191333, "fair_value": 76.923654, "relative_strength": 0.639802, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.22755, "energy": 78.232105, "activity_lines": [ 97.209334, 95.809637, 93.300428, 91.246043 ] }, { "date": "2025-10-24", "close": 99.849998, "volume": 155, "typical_volume": 746.65, "trend": 88.646666, "fair_value": 77.234487, "relative_strength": 1.035571, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.716701, "energy": 72.844477, "activity_lines": [ 98.189333, 96.756182, 94.128762, 91.998215 ] }, { "date": "2025-10-31", "close": 104.489998, "volume": 3148, "typical_volume": 873.9, "trend": 89.592, "fair_value": 77.56859, "relative_strength": 4.023728, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.725807, "energy": 84.222415, "activity_lines": [ 100.442666, 98.393272, 95.334238, 93.020365 ] }, { "date": "2025-11-07", "close": 103.550003, "volume": 709, "typical_volume": 901.35, "trend": 90.548, "fair_value": 77.883462, "relative_strength": 3.832091, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.8401, "energy": 89.283311, "activity_lines": [ 101.841333, 99.651455, 96.36019, 93.920881 ] }, { "date": "2025-11-14", "close": 101.980003, "volume": 666, "typical_volume": 919.9, "trend": 91.406666, "fair_value": 78.18891, "relative_strength": -0.082866, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.043125, "energy": 79.394008, "activity_lines": [ 102.340001, 100.416546, 97.148381, 94.65843 ] }, { "date": "2025-11-21", "close": 97.169998, "volume": 1339, "typical_volume": 970.65, "trend": 91.932666, "fair_value": 78.460449, "relative_strength": -1.552131, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.857492, "energy": 61.214422, "activity_lines": [ 100.883334, 100.119818, 97.412476, 95.030258 ] }, { "date": "2025-11-28", "close": 102.209999, "volume": 388, "typical_volume": 973.6, "trend": 92.565333, "fair_value": 78.760769, "relative_strength": 2.089174, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.140154, "energy": 56.265382, "activity_lines": [ 101.150667, 100.674545, 98.107429, 95.693312 ] }, { "date": "2025-12-05", "close": 104.709999, "volume": 351, "typical_volume": 975.8, "trend": 93.239333, "fair_value": 79.079551, "relative_strength": 4.517264, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.016098, "energy": 55.185034, "activity_lines": [ 102.094, 101.566363, 98.974952, 96.476838 ] }, { "date": "2025-12-12", "close": 102.860001, "volume": 170, "typical_volume": 922.25, "trend": 93.733666, "fair_value": 79.404872, "relative_strength": 2.656128, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.335457, "energy": 48.865159, "activity_lines": [ 102.406, 101.970182, 99.590381, 97.097527 ] }, { "date": "2025-12-19", "close": 102.830002, "volume": 70, "typical_volume": 872.7, "trend": 94.310666, "fair_value": 79.739551, "relative_strength": 0.055769, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.62402, "energy": 52.730757, "activity_lines": [ 102.754, 102.278364, 100.142429, 97.684387 ] }, { "date": "2025-12-26", "close": 102.449997, "volume": 222, "typical_volume": 794.2, "trend": 94.838333, "fair_value": 80.070449, "relative_strength": 0.316666, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.153309, "energy": 50.300199, "activity_lines": [ 102.918666, 102.406, 100.585048, 98.209505 ] }, { "date": "2026-01-02", "close": 103.449997, "volume": 162, "typical_volume": 789.0, "trend": 95.411666, "fair_value": 80.398718, "relative_strength": -0.116287, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.71857, "energy": 47.748045, "activity_lines": [ 103.064665, 102.631454, 101.063428, 98.765096 ] }, { "date": "2026-01-09", "close": 106.330002, "volume": 192, "typical_volume": 790.55, "trend": 96.103, "fair_value": 80.731603, "relative_strength": 2.080403, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.474644, "energy": 56.823015, "activity_lines": [ 104.088, 103.315091, 101.758857, 99.469505 ] }, { "date": "2026-01-16", "close": 107.580002, "volume": 817, "typical_volume": 805.1, "trend": 96.855, "fair_value": 81.069872, "relative_strength": 3.239784, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.629306, "energy": 69.078073, "activity_lines": [ 105.42, 104.192545, 102.510095, 100.209957 ] }, { "date": "2026-01-23", "close": 107.169998, "volume": 378, "typical_volume": 793.35, "trend": 97.49, "fair_value": 81.388013, "relative_strength": 5.195216, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.166673, "energy": 70.209654, "activity_lines": [ 106.300666, 104.922181, 103.148714, 100.875441 ] }, { "date": "2026-01-30", "close": 106.779999, "volume": 416, "typical_volume": 743.1, "trend": 98.154333, "fair_value": 81.700192, "relative_strength": 3.409793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.672412, "energy": 74.499648, "activity_lines": [ 106.762, 105.486545, 103.676428, 101.474796 ] }, { "date": "2026-02-06", "close": 107.010002, "volume": 258, "typical_volume": 682.25, "trend": 98.773, "fair_value": 81.994423, "relative_strength": 2.981535, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.928149, "energy": 65.603267, "activity_lines": [ 107.011334, 105.918, 104.163286, 102.046129 ] }, { "date": "2026-02-13", "close": 108.360001, "volume": 629, "typical_volume": 641.7, "trend": 99.426, "fair_value": 82.300833, "relative_strength": 5.401682, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.363132, "energy": 62.198526, "activity_lines": [ 107.473334, 106.507637, 104.725095, 102.664645 ] }, { "date": "2026-02-20", "close": 109.110001, "volume": 1347, "typical_volume": 691.7, "trend": 100.058, "fair_value": 82.620705, "relative_strength": 3.885641, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.407097, "energy": 72.990996, "activity_lines": [ 108.050001, 107.167273, 105.301238, 103.289419 ] }, { "date": "2026-02-27", "close": 110.739998, "volume": 351, "typical_volume": 646.55, "trend": 100.834333, "fair_value": 82.941923, "relative_strength": 3.857835, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.660953, "energy": 81.506218, "activity_lines": [ 109.068, 108.009636, 105.979238, 103.978581 ] }, { "date": "2026-03-06", "close": 105.919998, "volume": 77012, "typical_volume": 4439.0, "trend": 101.366333, "fair_value": 83.231474, "relative_strength": 6.154469, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.657033, "energy": 54.19556, "activity_lines": [ 108.241333, 107.831818, 106.131333, 104.306688 ] }, { "date": "2026-03-13", "close": 104.580002, "volume": 36852, "typical_volume": 6273.85, "trend": 101.804667, "fair_value": 83.524551, "relative_strength": 4.389361, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.482095, "energy": 34.563549, "activity_lines": [ 107.025333, 107.347273, 106.117286, 104.514021 ] }, { "date": "2026-03-20", "close": 101.07, "volume": 694, "typical_volume": 6151.15, "trend": 102.072, "fair_value": 83.791346, "relative_strength": 4.313532, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 7.089688, "energy": 14.121499, "activity_lines": [ 104.801333, 106.204, 105.746429, 104.466624 ] }, { "date": "2026-03-27", "close": 100.150002, "volume": 1768, "typical_volume": 6204.1, "trend": 102.339333, "fair_value": 84.037372, "relative_strength": 2.009342, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.125534, "energy": 29.686377, "activity_lines": [ 102.756667, 104.989091, 105.304238, 104.342624 ] }, { "date": "2026-04-03", "close": 103.739998, "volume": 173, "typical_volume": 6179.45, "trend": 102.741333, "fair_value": 84.31, "relative_strength": 0.399001, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.045414, "energy": 30.05853, "activity_lines": [ 102.506, 104.562, 105.220143, 104.432989 ] }, { "date": "2026-04-10", "close": 108.029999, "volume": 1028, "typical_volume": 6163.9, "trend": 103.222333, "fair_value": 84.615256, "relative_strength": 0.135361, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.615363, "energy": 22.282318, "activity_lines": [ 104.152, 104.977273, 105.536238, 104.774193 ] }, { "date": "2026-04-17", "close": 114.68, "volume": 239, "typical_volume": 6156.45, "trend": 103.853333, "fair_value": 84.963782, "relative_strength": 3.358414, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 72.750257, "energy": 41.246786, "activity_lines": [ 107.874, 106.578909, 106.433952, 105.513398 ] }, { "date": "2026-04-24", "close": 115.089996, "volume": 307, "typical_volume": 6154.25, "trend": 104.477333, "fair_value": 85.320385, "relative_strength": 6.156142, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.394142, "energy": 76.651419, "activity_lines": [ 111.059332, 108.115635, 107.311333, 106.238344 ] }, { "date": "2026-05-01", "close": 116.459999, "volume": 3470, "typical_volume": 6319.25, "trend": 105.096, "fair_value": 85.682243, "relative_strength": 5.889225, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.749592, "energy": 87.237989, "activity_lines": [ 113.766665, 109.77909, 108.269761, 107.011419 ] }, { "date": "2026-05-08", "close": 125.879997, "volume": 2293, "typical_volume": 6430.4, "trend": 106.068666, "fair_value": 86.098974, "relative_strength": 11.645872, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.514192, "energy": 97.462337, "activity_lines": [ 118.526665, 113.021635, 110.060571, 108.352322 ] }, { "date": "2026-05-15", "close": 126.739998, "volume": 3100, "typical_volume": 6574.3, "trend": 107.032333, "fair_value": 86.505449, "relative_strength": 12.414474, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.598784, "energy": 96.245457, "activity_lines": [ 122.097331, 116.145271, 111.823523, 109.685956 ] }, { "date": "2026-05-22", "close": 128.729996, "volume": 1836, "typical_volume": 6658.0, "trend": 107.994999, "fair_value": 86.906923, "relative_strength": 12.858649, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.248975, "energy": 94.68715, "activity_lines": [ 125.083997, 119.25218, 113.660332, 111.085806 ] }, { "date": "2026-05-29", "close": 132.600006, "volume": 3911, "typical_volume": 6843.95, "trend": 108.932, "fair_value": 87.335384, "relative_strength": 14.5616, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.881779, "energy": 95.371077, "activity_lines": [ 128.424, 122.623636, 115.745333, 112.673225 ] }, { "date": "2026-06-05", "close": 127.339996, "volume": 1756, "typical_volume": 6890.9, "trend": 109.725, "fair_value": 87.715, "relative_strength": 9.943489, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.304722, "energy": 86.66651, "activity_lines": [ 128.843332, 124.465453, 117.204285, 113.860838 ] }, { "date": "2026-06-12", "close": 126.160004, "volume": 4, "typical_volume": 6872.2, "trend": 110.531, "fair_value": 88.066025, "relative_strength": 5.288049, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.630374, "energy": 68.248522, "activity_lines": [ 128.144001, 125.598363, 118.456761, 114.921161 ] }, { "date": "2026-06-19", "close": 132.070007, "volume": 928, "typical_volume": 6897.8, "trend": 111.694333, "fair_value": 88.473846, "relative_strength": 7.106853, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.177092, "energy": 70.627711, "activity_lines": [ 129.396003, 127.398183, 120.181667, 116.310774 ] }, { "date": "2026-06-26", "close": 126.82, "volume": 872, "typical_volume": 6928.5, "trend": 112.514667, "fair_value": 88.83891, "relative_strength": 5.803343, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.798729, "energy": 60.786316, "activity_lines": [ 128.542669, 127.806365, 121.286143, 117.286624 ] }, { "date": "2026-07-03", "close": 128.149994, "volume": 4368, "typical_volume": 7115.45, "trend": 113.296, "fair_value": 89.208141, "relative_strength": 3.567881, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.634747, "energy": 57.672883, "activity_lines": [ 128.26, 128.235636, 122.422952, 118.295354 ] }, { "date": "2026-07-10", "close": 124.730003, "volume": 6724, "typical_volume": 7384.3, "trend": 114.025, "fair_value": 89.556346, "relative_strength": 1.060865, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.054011, "energy": 46.527123, "activity_lines": [ 127.134001, 127.805637, 123.139809, 119.033032 ] }, { "date": "2026-07-17", "close": 114.330002, "volume": 1291, "typical_volume": 7431.3, "trend": 114.408333, "fair_value": 89.844102, "relative_strength": -6.059845, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.04213, "energy": 20.664064, "activity_lines": [ 122.715334, 125.334365, 122.79181, 119.05271 ] }, { "date": "2026-07-24", "close": 116.089996, "volume": 4167, "typical_volume": 3789.05, "trend": 114.863, "fair_value": 90.128013, "relative_strength": -4.487924, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.885195, "energy": 22.733125, "activity_lines": [ 119.671999, 123.393091, 122.594333, 119.161204 ] }, { "date": "2026-07-31", "close": 114.290001, "volume": 15377, "typical_volume": 2715.3, "trend": 115.224333, "fair_value": 90.413461, "relative_strength": -6.638445, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.035658, "energy": 30.471506, "activity_lines": [ 117.094, 121.318182, 122.177, 119.124236 ] }, { "date": "2026-08-07", "close": 117.599998, "volume": 6846, "typical_volume": 3022.9, "trend": 115.6, "fair_value": 90.727436, "relative_strength": -6.717201, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.035962, "energy": 30.574755, "activity_lines": [ 116.454666, 120.107636, 122.028666, 119.277505 ] } ], "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." } } }