{ "ticker": { "uuid": "4a5a5f99-a071-4ac7-9dbb-0f72473046a7", "symbol": "CT2B", "name": "iShares Smart City Infrastructure UCITS ETF", "exchange": "AMS", "country": "NL", "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": "^AEX", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 56.236, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 31.742, "architecture_energy": 22.096, "architecture_maturity": 62.153, "architecture_confidence": 76.843, "architecture_tenure": "Developing", "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": 45.27, "rotation_up": 25.06, "upward_expansion": 48.1, "deceleration": 84.66, "rotation_down": 38.33, "downward_expansion": 30.76 }, "activity_lines": [ 9.697667, 9.726817, 9.778041, 9.65776 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 10.006, "trend_reference": 9.491451, "distance_from_trend": 0.054212, "trend_direction": "Improving", "fair_value": 7.687425, "distance_from_fair_value": 0.301606, "fair_value_direction": "Weakening", "relative_strength": -1.726228, "relative_strength_direction": "Weakening", "price_momentum": 0.102845, "excess_performance": -0.013818, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.054212, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.044204, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.301606, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.054924, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.017262, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.103095, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.102845, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.078746, "read": "Supply-led" } ], "volume": { "latest": 2959, "relative_activity": 0.187158, "balance": 0.078746, "dry_up": 0.321976, "accumulation_observations": 0, "distribution_observations": 4 }, "risk": { "range_context": 0.023739, "annualized_volatility": 0.172614, "from_high_reference": -0.026116, "from_low_reference": 0.23344 }, "levels": { "trend_reference": 9.491451, "fair_value_reference": 7.687425, "structural_low": 8.4999, "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": 9, "median_return": -0.010956, "positive_rate": 0.444444, "directional_follow_through": 0.444444, "median_excess_return": -1.7e-05, "regime_survival": 0.333333, "best_return": 0.127157, "worst_return": -0.065789, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.054925, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.027722, "regime_survival": 0.0, "best_return": 0.136438, "worst_return": 0.008359, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.081162, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.017383, "regime_survival": 0.25, "best_return": 0.133875, "worst_return": 0.049656, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.139084, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.055106, "regime_survival": 0.0, "best_return": 0.195385, "worst_return": 0.082784, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-06-21", "tenure": "Developing", "return": -0.021937, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-28", "end": "2024-07-12", "tenure": "New", "return": 0.041736, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-11-15", "tenure": "Established", "return": 0.035808, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-22", "end": "2024-11-29", "tenure": "New", "return": 0.01776, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-06", "end": "2024-12-27", "tenure": "New", "return": -0.050961, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-03", "end": "2025-02-14", "tenure": "Developing", "return": 0.056412, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-02-28", "tenure": "New", "return": -0.037754, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-28", "tenure": "New", "return": -0.013191, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-05-09", "tenure": "Developing", "return": 0.150886, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-16", "end": "2025-06-06", "tenure": "New", "return": 0.005945, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-13", "end": "2026-03-20", "tenure": "Extended", "return": 0.106039, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.130184, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-06-26", "tenure": "Developing", "return": 0.008234, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": 0.017283, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 5.971106, "volume": 26535, "typical_volume": 22347.65, "trend": 6.034555, "fair_value": 6.017189, "relative_strength": 2.528388, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 15.372805, "energy": 16.194475, "activity_lines": [ 6.181052, 6.249431, 6.196676, 6.118921 ] }, { "date": "2023-08-25", "close": 5.954677, "volume": 5210, "typical_volume": 22080.75, "trend": 6.035878, "fair_value": 6.022939, "relative_strength": 2.444675, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.758589, "energy": 21.576412, "activity_lines": [ 6.08161, 6.191842, 6.181133, 6.113768 ] }, { "date": "2023-09-01", "close": 6.193568, "volume": 14286, "typical_volume": 22022.15, "trend": 6.038669, "fair_value": 6.031202, "relative_strength": 4.678338, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.655729, "energy": 23.560728, "activity_lines": [ 6.092249, 6.184636, 6.18773, 6.123942 ] }, { "date": "2023-09-08", "close": 6.051486, "volume": 119537, "typical_volume": 26962.35, "trend": 6.042632, "fair_value": 6.038404, "relative_strength": 3.229309, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.554048, "energy": 21.191101, "activity_lines": [ 6.068735, 6.150072, 6.179872, 6.124768 ] }, { "date": "2023-09-15", "close": 6.001419, "volume": 4872, "typical_volume": 23492.15, "trend": 6.043905, "fair_value": 6.044719, "relative_strength": 2.017357, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.262989, "energy": 19.810414, "activity_lines": [ 6.044947, 6.111345, 6.1664, 6.12211 ] }, { "date": "2023-09-22", "close": 5.853273, "volume": 19558, "typical_volume": 24075.4, "trend": 6.045092, "fair_value": 6.051208, "relative_strength": 1.020349, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.470252, "energy": 44.203695, "activity_lines": [ 5.984554, 6.050113, 6.138142, 6.109811 ] }, { "date": "2023-09-29", "close": 5.846819, "volume": 20343, "typical_volume": 24926.6, "trend": 6.044019, "fair_value": 6.05661, "relative_strength": 1.066549, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.663513, "energy": 56.579764, "activity_lines": [ 5.929866, 5.998272, 6.10947, 6.097019 ] }, { "date": "2023-10-06", "close": 5.724098, "volume": 19555, "typical_volume": 23379.35, "trend": 6.04313, "fair_value": 6.060106, "relative_strength": -0.77877, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.942077, "energy": 69.433601, "activity_lines": [ 5.841461, 5.934384, 6.069525, 6.076379 ] }, { "date": "2023-10-13", "close": 5.715199, "volume": 13723, "typical_volume": 23568.05, "trend": 6.043883, "fair_value": 6.063677, "relative_strength": -1.87115, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.905598, "energy": 73.235763, "activity_lines": [ 5.781387, 5.881016, 6.030128, 6.055222 ] }, { "date": "2023-10-20", "close": 5.468192, "volume": 16577, "typical_volume": 23449.15, "trend": 6.035923, "fair_value": 6.065869, "relative_strength": -3.794534, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -89.709759, "energy": 91.635957, "activity_lines": [ 5.661397, 5.793329, 5.968339, 6.018081 ] }, { "date": "2023-10-27", "close": 5.363561, "volume": 119727, "typical_volume": 29385.4, "trend": 6.017662, "fair_value": 6.069083, "relative_strength": -5.277297, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.090943, "energy": 94.535617, "activity_lines": [ 5.542079, 5.699797, 5.899669, 5.974702 ] }, { "date": "2023-11-03", "close": 5.738864, "volume": 12753, "typical_volume": 28889.95, "trend": 6.014747, "fair_value": 6.072336, "relative_strength": -1.69812, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.509336, "energy": 79.502822, "activity_lines": [ 5.580509, 5.685549, 5.870578, 5.956715 ] }, { "date": "2023-11-10", "close": 5.706203, "volume": 37405, "typical_volume": 29622.9, "trend": 6.004968, "fair_value": 6.074703, "relative_strength": -3.478622, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.143533, "energy": 60.03578, "activity_lines": [ 5.615249, 5.669286, 5.841223, 5.936809 ] }, { "date": "2023-11-17", "close": 5.960447, "volume": 12993, "typical_volume": 28406.6, "trend": 6.00785, "fair_value": 6.078025, "relative_strength": -0.808727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.821444, "energy": 34.056688, "activity_lines": [ 5.73593, 5.708111, 5.838004, 5.933937 ] }, { "date": "2023-11-24", "close": 6.00445, "volume": 2823, "typical_volume": 27420.45, "trend": 6.012696, "fair_value": 6.081193, "relative_strength": -0.976055, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.023563, "energy": 26.373449, "activity_lines": [ 5.854929, 5.756591, 5.840703, 5.933718 ] }, { "date": "2023-12-01", "close": 6.09324, "volume": 23462, "typical_volume": 28043.15, "trend": 6.019286, "fair_value": 6.084367, "relative_strength": -0.260748, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 0.057945, "energy": 25.254269, "activity_lines": [ 5.967774, 5.82116, 5.853004, 5.938914 ] }, { "date": "2023-12-08", "close": 6.139982, "volume": 25702, "typical_volume": 28812.85, "trend": 6.026157, "fair_value": 6.087998, "relative_strength": -0.835342, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 34.662548, "energy": 43.121417, "activity_lines": [ 6.047554, 5.889865, 5.87138, 5.946701 ] }, { "date": "2023-12-15", "close": 6.460427, "volume": 44391, "typical_volume": 29520.1, "trend": 6.040925, "fair_value": 6.092564, "relative_strength": 2.812518, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 53.205232, "energy": 68.075503, "activity_lines": [ 6.207409, 6.011502, 5.921568, 5.974718 ] }, { "date": "2023-12-22", "close": 6.521302, "volume": 23656, "typical_volume": 28496.6, "trend": 6.059878, "fair_value": 6.097447, "relative_strength": 4.676098, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.008151, "energy": 79.531563, "activity_lines": [ 6.337273, 6.130819, 5.977227, 6.00571 ] }, { "date": "2023-12-29", "close": 6.541332, "volume": 8926, "typical_volume": 28601.7, "trend": 6.074056, "fair_value": 6.102167, "relative_strength": 4.728864, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.718227, "energy": 80.387828, "activity_lines": [ 6.436424, 6.239122, 6.033728, 6.036772 ] }, { "date": "2024-01-05", "close": 6.339366, "volume": 5548, "typical_volume": 27552.35, "trend": 6.079735, "fair_value": 6.104395, "relative_strength": 2.409271, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.705828, "energy": 76.090018, "activity_lines": [ 6.43246, 6.291192, 6.069336, 6.053889 ] }, { "date": "2024-01-12", "close": 6.452672, "volume": 14998, "typical_volume": 28041.75, "trend": 6.083597, "fair_value": 6.107683, "relative_strength": 3.69189, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.618525, "energy": 72.231988, "activity_lines": [ 6.449857, 6.346121, 6.113981, 6.077949 ] }, { "date": "2024-01-19", "close": 6.327977, "volume": 53106, "typical_volume": 29982.75, "trend": 6.090874, "fair_value": 6.109502, "relative_strength": 2.003508, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 63.934814, "energy": 57.39138, "activity_lines": [ 6.404842, 6.3654, 6.14438, 6.093716 ] }, { "date": "2024-01-26", "close": 6.47928, "volume": 31578, "typical_volume": 25584.8, "trend": 6.096076, "fair_value": 6.113476, "relative_strength": -0.530036, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.173104, "energy": 54.819209, "activity_lines": [ 6.419093, 6.400884, 6.188548, 6.118774 ] }, { "date": "2024-02-02", "close": 6.462391, "volume": 15175, "typical_volume": 26099.95, "trend": 6.103319, "fair_value": 6.116356, "relative_strength": -1.333264, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.40831, "energy": 55.876279, "activity_lines": [ 6.430514, 6.423864, 6.22907, 6.142407 ] }, { "date": "2024-02-09", "close": 6.553802, "volume": 29651, "typical_volume": 26604.6, "trend": 6.107301, "fair_value": 6.118976, "relative_strength": -3.327678, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.349465, "energy": 58.302207, "activity_lines": [ 6.477669, 6.455137, 6.276103, 6.171471 ] }, { "date": "2024-02-16", "close": 6.695481, "volume": 44975, "typical_volume": 27836.2, "trend": 6.11677, "fair_value": 6.122634, "relative_strength": -1.969395, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.53855, "energy": 83.994954, "activity_lines": [ 6.557755, 6.503797, 6.333294, 6.209418 ] }, { "date": "2024-02-23", "close": 6.67879, "volume": 40704, "typical_volume": 28893.65, "trend": 6.12634, "fair_value": 6.127284, "relative_strength": -1.858797, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.744377, "energy": 84.637335, "activity_lines": [ 6.616089, 6.539322, 6.384853, 6.245677 ] }, { "date": "2024-03-01", "close": 6.796513, "volume": 39616, "typical_volume": 30188.3, "trend": 6.142967, "fair_value": 6.133795, "relative_strength": -0.082175, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.34365, "energy": 89.573344, "activity_lines": [ 6.690278, 6.592281, 6.443079, 6.288914 ] }, { "date": "2024-03-08", "close": 6.931614, "volume": 14247, "typical_volume": 30071.8, "trend": 6.167584, "fair_value": 6.139258, "relative_strength": 0.901146, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.452747, "energy": 93.102016, "activity_lines": [ 6.78835, 6.664799, 6.509022, 6.339795 ] }, { "date": "2024-03-15", "close": 6.804858, "volume": 51635, "typical_volume": 26667.2, "trend": 6.195376, "fair_value": 6.143715, "relative_strength": 0.213463, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.863173, "energy": 85.904537, "activity_lines": [ 6.81289, 6.707176, 6.555924, 6.380909 ] }, { "date": "2024-03-22", "close": 6.882719, "volume": 16824, "typical_volume": 26870.75, "trend": 6.226311, "fair_value": 6.148713, "relative_strength": -1.493759, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.68691, "energy": 85.875698, "activity_lines": [ 6.846646, 6.755245, 6.603378, 6.425254 ] }, { "date": "2024-03-29", "close": 6.91021, "volume": 26913, "typical_volume": 26346.15, "trend": 6.250199, "fair_value": 6.153433, "relative_strength": -1.715006, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.132715, "energy": 80.378831, "activity_lines": [ 6.877083, 6.800494, 6.648004, 6.469376 ] }, { "date": "2024-04-05", "close": 6.793568, "volume": 152939, "typical_volume": 33343.45, "trend": 6.274935, "fair_value": 6.156771, "relative_strength": -3.258718, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.2026, "energy": 63.908843, "activity_lines": [ 6.853211, 6.813949, 6.675787, 6.504432 ] }, { "date": "2024-04-12", "close": 6.701962, "volume": 8744, "typical_volume": 33639.5, "trend": 6.298286, "fair_value": 6.158637, "relative_strength": -4.800442, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.531962, "energy": 53.501239, "activity_lines": [ 6.799001, 6.805034, 6.690879, 6.531983 ] }, { "date": "2024-04-19", "close": 6.506869, "volume": 107534, "typical_volume": 37843.1, "trend": 6.320073, "fair_value": 6.159115, "relative_strength": -5.020267, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.838413, "energy": 27.290553, "activity_lines": [ 6.695069, 6.756291, 6.684069, 6.54544 ] }, { "date": "2024-04-26", "close": 6.679477, "volume": 25696, "typical_volume": 37842.8, "trend": 6.347828, "fair_value": 6.160964, "relative_strength": -4.963429, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.334594, "energy": 28.532702, "activity_lines": [ 6.66854, 6.739786, 6.691728, 6.568627 ] }, { "date": "2024-05-03", "close": 6.790425, "volume": 18929, "typical_volume": 36569.7, "trend": 6.383372, "fair_value": 6.163006, "relative_strength": -3.861143, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.411155, "energy": 28.109299, "activity_lines": [ 6.692542, 6.743743, 6.707384, 6.597182 ] }, { "date": "2024-05-10", "close": 6.933185, "volume": 3924, "typical_volume": 35583.1, "trend": 6.423972, "fair_value": 6.166905, "relative_strength": -4.273852, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.34445, "energy": 36.702983, "activity_lines": [ 6.772117, 6.771628, 6.735066, 6.632653 ] }, { "date": "2024-05-17", "close": 6.977074, "volume": 88265, "typical_volume": 39550.05, "trend": 6.474268, "fair_value": 6.170653, "relative_strength": -3.900946, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.951306, "energy": 56.0825, "activity_lines": [ 6.857014, 6.805007, 6.764966, 6.668337 ] }, { "date": "2024-05-24", "close": 6.997005, "volume": 45445, "typical_volume": 41544.9, "trend": 6.528716, "fair_value": 6.173858, "relative_strength": -3.807897, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.203617, "energy": 76.167834, "activity_lines": [ 6.930214, 6.841183, 6.794689, 6.702062 ] }, { "date": "2024-05-31", "close": 6.865733, "volume": 47206, "typical_volume": 43155.3, "trend": 6.566278, "fair_value": 6.17568, "relative_strength": -4.308852, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.256106, "energy": 68.288613, "activity_lines": [ 6.92698, 6.849998, 6.808778, 6.723805 ] }, { "date": "2024-06-07", "close": 6.892144, "volume": 12399, "typical_volume": 41119.95, "trend": 6.60581, "fair_value": 6.177293, "relative_strength": -5.879883, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.363845, "energy": 60.064624, "activity_lines": [ 6.920133, 6.863924, 6.823416, 6.744829 ] }, { "date": "2024-06-14", "close": 6.841737, "volume": 6732, "typical_volume": 39877.65, "trend": 6.635186, "fair_value": 6.179562, "relative_strength": -5.888716, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.314158, "energy": 38.391724, "activity_lines": [ 6.889703, 6.869014, 6.830567, 6.76005 ] }, { "date": "2024-06-21", "close": 6.843513, "volume": 30685, "typical_volume": 40653.15, "trend": 6.663155, "fair_value": 6.180997, "relative_strength": -6.372223, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.840815, "energy": 23.683027, "activity_lines": [ 6.865961, 6.873551, 6.836161, 6.77349 ] }, { "date": "2024-06-28", "close": 6.914874, "volume": 51217, "typical_volume": 41731.45, "trend": 6.690543, "fair_value": 6.182858, "relative_strength": -5.096271, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.976066, "energy": 25.298892, "activity_lines": [ 6.87491, 6.888488, 6.846736, 6.78973 ] }, { "date": "2024-07-05", "close": 6.934812, "volume": 28737, "typical_volume": 40919.55, "trend": 6.717037, "fair_value": 6.184443, "relative_strength": -5.634606, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.840249, "energy": 26.348997, "activity_lines": [ 6.895981, 6.899633, 6.857491, 6.80549 ] }, { "date": "2024-07-12", "close": 7.203475, "volume": 23334, "typical_volume": 40051.05, "trend": 6.741805, "fair_value": 6.18778, "relative_strength": -2.984423, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 80.464158, "energy": 59.556742, "activity_lines": [ 7.002001, 6.954983, 6.892693, 6.836873 ] }, { "date": "2024-07-19", "close": 7.050883, "volume": 25556, "typical_volume": 39348.05, "trend": 6.759458, "fair_value": 6.189684, "relative_strength": -0.979444, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.487817, "energy": 67.787437, "activity_lines": [ 7.036401, 6.975079, 6.910864, 6.856813 ] }, { "date": "2024-07-26", "close": 7.046344, "volume": 272759, "typical_volume": 52273.65, "trend": 6.776292, "fair_value": 6.191134, "relative_strength": -0.903209, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.01466, "energy": 66.6718, "activity_lines": [ 7.055345, 6.99221, 6.927391, 6.875322 ] }, { "date": "2024-08-02", "close": 6.849731, "volume": 66201, "typical_volume": 53001.95, "trend": 6.793304, "fair_value": 6.191166, "relative_strength": -0.541983, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.794049, "energy": 40.603832, "activity_lines": [ 6.995229, 6.972333, 6.924647, 6.88006 ] }, { "date": "2024-08-09", "close": 6.818246, "volume": 27507, "typical_volume": 53536.1, "trend": 6.80549, "fair_value": 6.190796, "relative_strength": -1.408157, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 23.476612, "energy": 12.032151, "activity_lines": [ 6.928962, 6.94941, 6.918691, 6.881669 ] }, { "date": "2024-08-16", "close": 7.052265, "volume": 238, "typical_volume": 52202.35, "trend": 6.829633, "fair_value": 6.192536, "relative_strength": -0.452816, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.34044, "energy": 19.456609, "activity_lines": [ 6.948472, 6.969899, 6.935329, 6.89759 ] }, { "date": "2024-08-23", "close": 7.28135, "volume": 21157, "typical_volume": 45613.25, "trend": 6.856368, "fair_value": 6.19462, "relative_strength": 2.480496, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.760901, "energy": 35.445043, "activity_lines": [ 7.054424, 7.029128, 6.973108, 6.926733 ] }, { "date": "2024-08-30", "close": 7.272861, "volume": 40014, "typical_volume": 47176.75, "trend": 6.883384, "fair_value": 6.195996, "relative_strength": 1.331573, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.975285, "energy": 59.967742, "activity_lines": [ 7.142182, 7.078821, 7.007756, 6.953604 ] }, { "date": "2024-09-06", "close": 6.926915, "volume": 6417, "typical_volume": 42120.9, "trend": 6.895821, "fair_value": 6.195684, "relative_strength": 0.909821, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.265645, "energy": 49.561425, "activity_lines": [ 7.099523, 7.057809, 7.006739, 6.956412 ] }, { "date": "2024-09-13", "close": 7.199823, "volume": 25760, "typical_volume": 42124.1, "trend": 6.912632, "fair_value": 6.197795, "relative_strength": 2.540289, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.996303, "energy": 57.843739, "activity_lines": [ 7.142688, 7.086197, 7.029712, 6.976025 ] }, { "date": "2024-09-20", "close": 7.294477, "volume": 22572, "typical_volume": 42306.25, "trend": 6.933155, "fair_value": 6.200545, "relative_strength": 4.097447, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.994089, "energy": 54.312547, "activity_lines": [ 7.191966, 7.126976, 7.059222, 7.00066 ] }, { "date": "2024-09-27", "close": 7.472829, "volume": 15744, "typical_volume": 42897.25, "trend": 6.955699, "fair_value": 6.206056, "relative_strength": 4.300257, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.388501, "energy": 54.542868, "activity_lines": [ 7.284548, 7.198529, 7.103318, 7.035478 ] }, { "date": "2024-10-04", "close": 7.406897, "volume": 190378, "typical_volume": 48002.9, "trend": 6.971542, "fair_value": 6.211085, "relative_strength": 3.954128, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.826818, "energy": 70.728008, "activity_lines": [ 7.342386, 7.250422, 7.138565, 7.064588 ] }, { "date": "2024-10-11", "close": 7.501156, "volume": 73915, "typical_volume": 49426.4, "trend": 6.994752, "fair_value": 6.215329, "relative_strength": 4.696477, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.517551, "energy": 78.144769, "activity_lines": [ 7.422709, 7.312898, 7.180742, 7.098756 ] }, { "date": "2024-10-18", "close": 7.537971, "volume": 14147, "typical_volume": 47773.45, "trend": 7.016594, "fair_value": 6.219244, "relative_strength": 6.486183, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.356866, "energy": 81.321608, "activity_lines": [ 7.47702, 7.370223, 7.224025, 7.133803 ] }, { "date": "2024-10-25", "close": 7.40137, "volume": 25072, "typical_volume": 48407.1, "trend": 7.032966, "fair_value": 6.222317, "relative_strength": 4.903699, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.411246, "energy": 70.234017, "activity_lines": [ 7.463255, 7.389626, 7.251097, 7.158627 ] }, { "date": "2024-11-01", "close": 7.291121, "volume": 33080, "typical_volume": 49724.5, "trend": 7.049551, "fair_value": 6.223852, "relative_strength": 5.001104, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.396654, "energy": 47.382485, "activity_lines": [ 7.405614, 7.382636, 7.265244, 7.175282 ] }, { "date": "2024-11-08", "close": 7.556231, "volume": 41536, "typical_volume": 50267.05, "trend": 7.078026, "fair_value": 6.227083, "relative_strength": 9.726163, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.658429, "energy": 50.113264, "activity_lines": [ 7.448456, 7.423671, 7.3025, 7.207971 ] }, { "date": "2024-11-15", "close": 7.30336, "volume": 18169, "typical_volume": 48614.65, "trend": 7.104576, "fair_value": 6.228713, "relative_strength": 7.330407, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.911492, "energy": 29.714774, "activity_lines": [ 7.397053, 7.413576, 7.312279, 7.222509 ] }, { "date": "2024-11-22", "close": 7.380247, "volume": 13899, "typical_volume": 47872.75, "trend": 7.127935, "fair_value": 6.232449, "relative_strength": 6.186208, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.760265, "energy": 26.289807, "activity_lines": [ 7.384465, 7.410617, 7.32753, 7.240294 ] }, { "date": "2024-11-29", "close": 7.511322, "volume": 13266, "typical_volume": 47369.35, "trend": 7.151965, "fair_value": 6.237378, "relative_strength": 7.673141, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.713991, "energy": 35.705687, "activity_lines": [ 7.426084, 7.428209, 7.353144, 7.265029 ] }, { "date": "2024-12-06", "close": 7.64595, "volume": 23116, "typical_volume": 47247.35, "trend": 7.175724, "fair_value": 6.242233, "relative_strength": 8.191396, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.142867, "energy": 46.963965, "activity_lines": [ 7.505249, 7.466336, 7.390113, 7.296899 ] }, { "date": "2024-12-13", "close": 7.485066, "volume": 15126, "typical_volume": 34365.7, "trend": 7.192657, "fair_value": 6.246365, "relative_strength": 5.632738, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.17497, "energy": 48.567351, "activity_lines": [ 7.50713, 7.472064, 7.408927, 7.316856 ] }, { "date": "2024-12-20", "close": 7.280381, "volume": 18470, "typical_volume": 31979.15, "trend": 7.202103, "fair_value": 6.248456, "relative_strength": 4.866104, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.455749, "energy": 30.667046, "activity_lines": [ 7.445527, 7.439155, 7.406158, 7.322516 ] }, { "date": "2024-12-27", "close": 7.256307, "volume": 11387, "typical_volume": 31173.15, "trend": 7.215122, "fair_value": 6.24969, "relative_strength": 4.029603, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.387329, "energy": 13.049484, "activity_lines": [ 7.377432, 7.405883, 7.399045, 7.326013 ] }, { "date": "2025-01-03", "close": 7.226882, "volume": 2905, "typical_volume": 31306.5, "trend": 7.22628, "fair_value": 6.252401, "relative_strength": 3.027815, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.903963, "energy": 15.00903, "activity_lines": [ 7.307791, 7.372383, 7.387044, 7.326771 ] }, { "date": "2025-01-10", "close": 7.09452, "volume": 13013, "typical_volume": 30899.3, "trend": 7.234706, "fair_value": 6.255241, "relative_strength": 0.5615, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.339598, "energy": 35.755257, "activity_lines": [ 7.212992, 7.317989, 7.361605, 7.318271 ] }, { "date": "2025-01-17", "close": 7.4066, "volume": 27430, "typical_volume": 30270.1, "trend": 7.253476, "fair_value": 6.261165, "relative_strength": 2.241683, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.40263, "energy": 18.952081, "activity_lines": [ 7.258981, 7.323911, 7.366778, 7.329361 ] }, { "date": "2025-01-24", "close": 7.613564, "volume": 49741, "typical_volume": 32436.3, "trend": 7.276765, "fair_value": 6.270496, "relative_strength": 6.468689, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.95561, "energy": 17.871789, "activity_lines": [ 7.37919, 7.370184, 7.391025, 7.352592 ] }, { "date": "2025-01-31", "close": 7.494577, "volume": 36321, "typical_volume": 32964.35, "trend": 7.295424, "fair_value": 6.277832, "relative_strength": 2.394242, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.744925, "energy": 23.043029, "activity_lines": [ 7.437524, 7.389183, 7.40067, 7.366645 ] }, { "date": "2025-02-07", "close": 7.582257, "volume": 22745, "typical_volume": 32973.0, "trend": 7.30805, "fair_value": 6.285229, "relative_strength": 3.222341, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.380226, "energy": 40.259887, "activity_lines": [ 7.5092, 7.422045, 7.417262, 7.38515 ] }, { "date": "2025-02-14", "close": 7.634567, "volume": 10509, "typical_volume": 32711.25, "trend": 7.327506, "fair_value": 6.293858, "relative_strength": 1.398538, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.462029, "energy": 56.14904, "activity_lines": [ 7.574621, 7.463128, 7.437465, 7.406216 ] }, { "date": "2025-02-21", "close": 7.53916, "volume": 22269, "typical_volume": 24305.8, "trend": 7.343933, "fair_value": 6.302079, "relative_strength": 1.039739, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.46306, "energy": 55.855721, "activity_lines": [ 7.572237, 7.487071, 7.447812, 7.419871 ] }, { "date": "2025-02-28", "close": 7.254523, "volume": 31139, "typical_volume": 22167.0, "trend": 7.357426, "fair_value": 6.309339, "relative_strength": -1.102296, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.618263, "energy": 18.304136, "activity_lines": [ 7.466136, 7.458279, 7.430421, 7.414102 ] }, { "date": "2025-03-07", "close": 7.195178, "volume": 48452, "typical_volume": 23882.25, "trend": 7.369991, "fair_value": 6.315804, "relative_strength": -0.737433, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.400408, "energy": 9.330163, "activity_lines": [ 7.36419, 7.419166, 7.408552, 7.403635 ] }, { "date": "2025-03-14", "close": 7.208949, "volume": 37742, "typical_volume": 24515.75, "trend": 7.375214, "fair_value": 6.320728, "relative_strength": 0.086577, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.212124, "energy": 26.255726, "activity_lines": [ 7.286794, 7.383669, 7.389628, 7.393245 ] }, { "date": "2025-03-21", "close": 7.217172, "volume": 12496, "typical_volume": 23486.55, "trend": 7.373074, "fair_value": 6.326136, "relative_strength": -0.815359, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.50278, "energy": 32.721727, "activity_lines": [ 7.237026, 7.349993, 7.372402, 7.383049 ] }, { "date": "2025-03-28", "close": 7.100266, "volume": 25796, "typical_volume": 22699.55, "trend": 7.367321, "fair_value": 6.33038, "relative_strength": -1.626564, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.725773, "energy": 64.338577, "activity_lines": [ 7.176116, 7.292832, 7.344395, 7.365448 ] }, { "date": "2025-04-04", "close": 6.598263, "volume": 38476, "typical_volume": 23714.9, "trend": 7.356366, "fair_value": 6.332088, "relative_strength": -1.422086, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.879407, "energy": 82.313767, "activity_lines": [ 6.977131, 7.149967, 7.27075, 7.315831 ] }, { "date": "2025-04-11", "close": 6.749053, "volume": 121005, "typical_volume": 29070.2, "trend": 7.341341, "fair_value": 6.335318, "relative_strength": 3.342087, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.516024, "energy": 78.135257, "activity_lines": [ 6.872161, 7.052978, 7.214822, 7.27665 ] }, { "date": "2025-04-18", "close": 7.015559, "volume": 128958, "typical_volume": 34854.8, "trend": 7.332043, "fair_value": 6.340699, "relative_strength": 3.14262, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.947083, "energy": 71.369972, "activity_lines": [ 6.885767, 7.018, 7.187283, 7.255632 ] }, { "date": "2025-04-25", "close": 7.23243, "volume": 44423, "typical_volume": 35920.15, "trend": 7.32403, "fair_value": 6.348468, "relative_strength": 3.63726, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.407197, "energy": 49.254215, "activity_lines": [ 6.984556, 7.032756, 7.182758, 7.249205 ] }, { "date": "2025-05-02", "close": 7.523407, "volume": 4706, "typical_volume": 35399.15, "trend": 7.327914, "fair_value": 6.360104, "relative_strength": 4.645835, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.688262, "energy": 11.436452, "activity_lines": [ 7.17932, 7.107729, 7.207914, 7.262068 ] }, { "date": "2025-05-09", "close": 7.593848, "volume": 35426, "typical_volume": 36246.95, "trend": 7.331003, "fair_value": 6.372835, "relative_strength": 4.486631, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 18.241946, "energy": 28.32957, "activity_lines": [ 7.369355, 7.195796, 7.239597, 7.279225 ] }, { "date": "2025-05-16", "close": 7.849555, "volume": 25389, "typical_volume": 36947.05, "trend": 7.34139, "fair_value": 6.387459, "relative_strength": 4.886694, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.612906, "energy": 45.370114, "activity_lines": [ 7.578254, 7.324186, 7.29414, 7.31268 ] }, { "date": "2025-05-23", "close": 7.746718, "volume": 26858, "typical_volume": 38144.7, "trend": 7.352901, "fair_value": 6.400023, "relative_strength": 4.836573, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.599382, "energy": 56.752816, "activity_lines": [ 7.679507, 7.42198, 7.336064, 7.33883 ] }, { "date": "2025-05-30", "close": 7.808044, "volume": 3495, "typical_volume": 37668.8, "trend": 7.370132, "fair_value": 6.413014, "relative_strength": 4.816524, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.643006, "energy": 70.048079, "activity_lines": [ 7.752457, 7.521146, 7.381353, 7.368194 ] }, { "date": "2025-06-06", "close": 7.896219, "volume": 3361, "typical_volume": 36465.35, "trend": 7.381465, "fair_value": 6.428499, "relative_strength": 4.944789, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 74.948161, "energy": 82.306233, "activity_lines": [ 7.816426, 7.625602, 7.431642, 7.402136 ] }, { "date": "2025-06-13", "close": 7.992031, "volume": 42476, "typical_volume": 36102.1, "trend": 7.40442, "fair_value": 6.446747, "relative_strength": 6.751407, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.152887, "energy": 82.238803, "activity_lines": [ 7.887477, 7.733006, 7.488724, 7.441527 ] }, { "date": "2025-06-20", "close": 7.886632, "volume": 26739, "typical_volume": 35623.0, "trend": 7.4213, "fair_value": 6.46313, "relative_strength": 6.653875, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.467917, "energy": 72.259953, "activity_lines": [ 7.89685, 7.795905, 7.533967, 7.472637 ] }, { "date": "2025-06-27", "close": 8.212789, "volume": 14037, "typical_volume": 35187.6, "trend": 7.444682, "fair_value": 6.482183, "relative_strength": 9.290004, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.26879, "energy": 78.905193, "activity_lines": [ 8.01247, 7.897422, 7.608404, 7.523701 ] }, { "date": "2025-07-04", "close": 8.250844, "volume": 11496, "typical_volume": 35236.95, "trend": 7.464845, "fair_value": 6.50052, "relative_strength": 10.778619, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.320273, "energy": 87.280639, "activity_lines": [ 8.109704, 7.984091, 7.683464, 7.575712 ] }, { "date": "2025-07-11", "close": 8.227732, "volume": 8457, "typical_volume": 34546.35, "trend": 7.489601, "fair_value": 6.51944, "relative_strength": 8.57147, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.713573, "energy": 88.759089, "activity_lines": [ 8.169713, 8.04804, 7.753388, 7.62493 ] }, { "date": "2025-07-18", "close": 8.258117, "volume": 8607, "typical_volume": 33419.75, "trend": 7.522192, "fair_value": 6.536757, "relative_strength": 9.794492, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.187647, "energy": 89.174947, "activity_lines": [ 8.21775, 8.104709, 7.822927, 7.674512 ] }, { "date": "2025-07-25", "close": 8.306531, "volume": 8765, "typical_volume": 31435.4, "trend": 7.5572, "fair_value": 6.553157, "relative_strength": 10.866019, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.795564, "energy": 89.228418, "activity_lines": [ 8.264186, 8.158102, 7.892297, 7.725114 ] }, { "date": "2025-08-01", "close": 8.062362, "volume": 17783, "typical_volume": 30437.45, "trend": 7.585049, "fair_value": 6.567843, "relative_strength": 9.763931, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.702465, "energy": 78.214706, "activity_lines": [ 8.20124, 8.158792, 7.933121, 7.757705 ] }, { "date": "2025-08-08", "close": 8.352257, "volume": 670, "typical_volume": 29846.15, "trend": 7.626973, "fair_value": 6.583519, "relative_strength": 12.452414, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.352649, "energy": 67.812163, "activity_lines": [ 8.244953, 8.206452, 7.997491, 7.807203 ] }, { "date": "2025-08-15", "close": 8.35963, "volume": 72149, "typical_volume": 32163.8, "trend": 7.658741, "fair_value": 6.600062, "relative_strength": 11.599501, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.058704, "energy": 66.515717, "activity_lines": [ 8.284363, 8.245557, 8.057157, 7.854471 ] }, { "date": "2025-08-22", "close": 8.482461, "volume": 162, "typical_volume": 30248.1, "trend": 7.687704, "fair_value": 6.618364, "relative_strength": 10.786528, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.32489, "energy": 70.08106, "activity_lines": [ 8.355923, 8.298569, 8.122525, 7.907614 ] }, { "date": "2025-08-29", "close": 8.352755, "volume": 9443, "typical_volume": 24670.0, "trend": 7.71631, "fair_value": 6.636913, "relative_strength": 10.720539, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.725824, "energy": 65.243416, "activity_lines": [ 8.369292, 8.319082, 8.166567, 7.950521 ] }, { "date": "2025-09-05", "close": 8.392205, "volume": 23640, "typical_volume": 19404.1, "trend": 7.743309, "fair_value": 6.654896, "relative_strength": 10.619206, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.848376, "energy": 66.106733, "activity_lines": [ 8.39273, 8.338292, 8.20673, 7.994127 ] }, { "date": "2025-09-12", "close": 8.550402, "volume": 3333, "typical_volume": 17349.6, "trend": 7.773836, "fair_value": 6.675623, "relative_strength": 11.083043, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.19433, "energy": 69.062528, "activity_lines": [ 8.44691, 8.383004, 8.255403, 8.046197 ] }, { "date": "2025-09-19", "close": 8.607285, "volume": 21234, "typical_volume": 18176.0, "trend": 7.809441, "fair_value": 6.69853, "relative_strength": 9.011472, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.473519, "energy": 69.145067, "activity_lines": [ 8.506841, 8.432611, 8.303218, 8.099968 ] }, { "date": "2025-09-26", "close": 8.439425, "volume": 10988, "typical_volume": 16954.1, "trend": 7.848937, "fair_value": 6.72006, "relative_strength": 5.724376, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.610288, "energy": 63.283518, "activity_lines": [ 8.494309, 8.444797, 8.329886, 8.140612 ] }, { "date": "2025-10-03", "close": 8.588258, "volume": 35958, "typical_volume": 17482.55, "trend": 7.895373, "fair_value": 6.742586, "relative_strength": 4.805748, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.855052, "energy": 66.104723, "activity_lines": [ 8.534257, 8.480748, 8.366701, 8.18831 ] }, { "date": "2025-10-10", "close": 8.510952, "volume": 28568, "typical_volume": 17568.05, "trend": 7.938773, "fair_value": 6.765091, "relative_strength": 5.981312, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.062509, "energy": 57.35395, "activity_lines": [ 8.532736, 8.49752, 8.392636, 8.228025 ] }, { "date": "2025-10-17", "close": 8.555681, "volume": 118330, "typical_volume": 23309.8, "trend": 7.98339, "fair_value": 6.787955, "relative_strength": 4.678778, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.349041, "energy": 53.609003, "activity_lines": [ 8.538208, 8.514269, 8.419191, 8.267826 ] }, { "date": "2025-10-24", "close": 8.773849, "volume": 99471, "typical_volume": 28115.3, "trend": 8.039176, "fair_value": 6.810291, "relative_strength": 4.642679, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.649276, "energy": 63.7871, "activity_lines": [ 8.616051, 8.566986, 8.462965, 8.318823 ] }, { "date": "2025-10-31", "close": 8.705212, "volume": 3856, "typical_volume": 26184.3, "trend": 8.109408, "fair_value": 6.832748, "relative_strength": 4.460268, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.207339, "energy": 60.15373, "activity_lines": [ 8.659911, 8.599692, 8.496022, 8.361793 ] }, { "date": "2025-11-07", "close": 8.454767, "volume": 19115, "typical_volume": 25803.1, "trend": 8.166265, "fair_value": 6.850789, "relative_strength": 3.605011, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.761042, "energy": 49.349641, "activity_lines": [ 8.60257, 8.582813, 8.501831, 8.384074 ] }, { "date": "2025-11-14", "close": 8.538347, "volume": 2666, "typical_volume": 25234.55, "trend": 8.217025, "fair_value": 6.869606, "relative_strength": 4.385413, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.717558, "energy": 42.592849, "activity_lines": [ 8.581988, 8.579275, 8.512895, 8.408079 ] }, { "date": "2025-11-21", "close": 8.131897, "volume": 6950, "typical_volume": 25007.25, "trend": 8.247007, "fair_value": 6.884947, "relative_strength": 2.034772, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 4.340218, "energy": 11.763149, "activity_lines": [ 8.424096, 8.499181, 8.483699, 8.402587 ] }, { "date": "2025-11-28", "close": 8.593537, "volume": 551, "typical_volume": 24611.95, "trend": 8.282678, "fair_value": 6.903116, "relative_strength": 5.780978, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.210678, "energy": 23.898814, "activity_lines": [ 8.448337, 8.51063, 8.499036, 8.424944 ] }, { "date": "2025-12-05", "close": 8.660881, "volume": 67899, "typical_volume": 27576.55, "trend": 8.318246, "fair_value": 6.922035, "relative_strength": 6.011272, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.807504, "energy": 21.28075, "activity_lines": [ 8.507047, 8.534573, 8.519044, 8.449344 ] }, { "date": "2025-12-12", "close": 8.6242, "volume": 8610, "typical_volume": 27568.8, "trend": 8.344067, "fair_value": 6.941552, "relative_strength": 6.260919, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.906179, "energy": 22.350917, "activity_lines": [ 8.556485, 8.547821, 8.53364, 8.469083 ] }, { "date": "2025-12-19", "close": 8.5711, "volume": 11603, "typical_volume": 27259.8, "trend": 8.371547, "fair_value": 6.961304, "relative_strength": 4.870764, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.409362, "energy": 32.275939, "activity_lines": [ 8.576928, 8.55076, 8.541667, 8.483731 ] }, { "date": "2025-12-26", "close": 8.6825, "volume": 5037, "typical_volume": 27478.15, "trend": 8.400695, "fair_value": 6.981737, "relative_strength": 6.366753, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.096218, "energy": 48.465464, "activity_lines": [ 8.63232, 8.572861, 8.557881, 8.503792 ] }, { "date": "2026-01-02", "close": 8.6706, "volume": 4171, "typical_volume": 24079.25, "trend": 8.426508, "fair_value": 7.002224, "relative_strength": 3.161528, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.441604, "energy": 47.441652, "activity_lines": [ 8.647039, 8.590492, 8.571389, 8.521205 ] }, { "date": "2026-01-09", "close": 8.794, "volume": 1523, "typical_volume": 24147.3, "trend": 8.45324, "fair_value": 7.02144, "relative_strength": 2.240032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.454075, "energy": 55.642806, "activity_lines": [ 8.697753, 8.632436, 8.595168, 8.544914 ] }, { "date": "2026-01-16", "close": 9.0785, "volume": 928, "typical_volume": 23721.55, "trend": 8.492969, "fair_value": 7.042557, "relative_strength": 3.043335, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.216092, "energy": 76.57967, "activity_lines": [ 8.834427, 8.724494, 8.64456, 8.585254 ] }, { "date": "2026-01-23", "close": 9.0336, "volume": 935, "typical_volume": 22586.3, "trend": 8.52033, "fair_value": 7.062548, "relative_strength": 3.434618, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.805327, "energy": 79.714801, "activity_lines": [ 8.925847, 8.797048, 8.686219, 8.620133 ] }, { "date": "2026-01-30", "close": 8.9612, "volume": 3577, "typical_volume": 22598.5, "trend": 8.544008, "fair_value": 7.080826, "relative_strength": 2.264846, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.306737, "energy": 76.914924, "activity_lines": [ 8.9623, 8.847433, 8.717928, 8.648576 ] }, { "date": "2026-02-06", "close": 9.0729, "volume": 13622, "typical_volume": 22217.9, "trend": 8.57218, "fair_value": 7.100956, "relative_strength": 3.986838, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.034362, "energy": 82.34103, "activity_lines": [ 9.017407, 8.903049, 8.75832, 8.682698 ] }, { "date": "2026-02-13", "close": 9.1849, "volume": 10451, "typical_volume": 22191.05, "trend": 8.603073, "fair_value": 7.121608, "relative_strength": 5.161055, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.349154, "energy": 80.910903, "activity_lines": [ 9.083027, 8.970313, 8.807161, 8.722229 ] }, { "date": "2026-02-20", "close": 9.3728, "volume": 39293, "typical_volume": 22357.8, "trend": 8.638615, "fair_value": 7.144397, "relative_strength": 4.531054, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.058658, "energy": 90.422685, "activity_lines": [ 9.18522, 9.062213, 8.870347, 8.771889 ] }, { "date": "2026-02-27", "close": 9.4805, "volume": 29951, "typical_volume": 22426.95, "trend": 8.685887, "fair_value": 7.167484, "relative_strength": 4.45801, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.729798, "energy": 94.807499, "activity_lines": [ 9.303693, 9.160084, 8.940054, 8.826204 ] }, { "date": "2026-03-06", "close": 9.0756, "volume": 42783, "typical_volume": 18649.6, "trend": 8.709998, "fair_value": 7.188797, "relative_strength": 4.448525, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.506634, "energy": 77.659766, "activity_lines": [ 9.257407, 9.167802, 8.966583, 8.851346 ] }, { "date": "2026-03-13", "close": 8.8161, "volume": 5366, "typical_volume": 13944.35, "trend": 8.725214, "fair_value": 7.208819, "relative_strength": -0.87851, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.379905, "energy": 42.049019, "activity_lines": [ 9.116993, 9.121191, 8.965922, 8.858192 ] }, { "date": "2026-03-20", "close": 8.8395, "volume": 1455, "typical_volume": 13824.3, "trend": 8.737115, "fair_value": 7.228899, "relative_strength": 3.231398, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.590798, "energy": 21.628188, "activity_lines": [ 9.0015, 9.076189, 8.967288, 8.865565 ] }, { "date": "2026-03-27", "close": 8.5768, "volume": 862, "typical_volume": 12911.65, "trend": 8.744583, "fair_value": 7.245985, "relative_strength": 0.070105, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.398526, "energy": 23.304193, "activity_lines": [ 8.821467, 8.982596, 8.942995, 8.855222 ] }, { "date": "2026-04-03", "close": 8.9134, "volume": 12413, "typical_volume": 13399.0, "trend": 8.761956, "fair_value": 7.265774, "relative_strength": 2.046832, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.76054, "energy": 26.67304, "activity_lines": [ 8.8067, 8.959325, 8.950179, 8.866114 ] }, { "date": "2026-04-10", "close": 9.4386, "volume": 400, "typical_volume": 13071.5, "trend": 8.791563, "fair_value": 7.287819, "relative_strength": 4.133353, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.688606, "energy": 24.99728, "activity_lines": [ 9.004807, 9.033731, 9.005595, 8.909768 ] }, { "date": "2026-04-17", "close": 9.693361, "volume": 1327, "typical_volume": 13110.3, "trend": 8.827766, "fair_value": 7.312302, "relative_strength": 5.261966, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 75.311685, "energy": 49.606027, "activity_lines": [ 9.263634, 9.145777, 9.079052, 8.967948 ] }, { "date": "2026-04-24", "close": 9.667397, "volume": 3428, "typical_volume": 9886.75, "trend": 8.868698, "fair_value": 7.336715, "relative_strength": 5.0305, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.37665, "energy": 80.255194, "activity_lines": [ 9.455322, 9.24182, 9.1448, 9.022118 ] }, { "date": "2026-05-01", "close": 9.7625, "volume": 61054, "typical_volume": 12508.95, "trend": 8.907839, "fair_value": 7.361503, "relative_strength": 6.46188, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.807081, "energy": 85.749536, "activity_lines": [ 9.623518, 9.346383, 9.214811, 9.079783 ] }, { "date": "2026-05-08", "close": 10.021646, "volume": 54933, "typical_volume": 14675.45, "trend": 8.958196, "fair_value": 7.387707, "relative_strength": 8.583318, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.691816, "energy": 90.696139, "activity_lines": [ 9.79905, 9.490978, 9.304083, 9.151641 ] }, { "date": "2026-05-15", "close": 9.827659, "volume": 1844, "typical_volume": 14515.8, "trend": 9.000595, "fair_value": 7.412132, "relative_strength": 6.93215, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.85302, "energy": 83.833721, "activity_lines": [ 9.836036, 9.590463, 9.367972, 9.207736 ] }, { "date": "2026-05-22", "close": 10.029604, "volume": 3513, "typical_volume": 14482.9, "trend": 9.042454, "fair_value": 7.438265, "relative_strength": 5.258717, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.184775, "energy": 82.28396, "activity_lines": [ 9.914399, 9.712991, 9.445641, 9.274123 ] }, { "date": "2026-05-29", "close": 10.121125, "volume": 6314, "typical_volume": 14722.45, "trend": 9.089651, "fair_value": 7.463939, "relative_strength": 6.960204, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.482243, "energy": 74.990018, "activity_lines": [ 10.000854, 9.830097, 9.525555, 9.343715 ] }, { "date": "2026-06-05", "close": 10.003738, "volume": 2930, "typical_volume": 14822.55, "trend": 9.141283, "fair_value": 7.488521, "relative_strength": 4.846663, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.796118, "energy": 61.610096, "activity_lines": [ 10.017931, 9.902556, 9.58797, 9.402689 ] }, { "date": "2026-06-12", "close": 9.935098, "volume": 71514, "typical_volume": 18351.5, "trend": 9.187841, "fair_value": 7.511587, "relative_strength": 0.156481, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.93044, "energy": 58.637129, "activity_lines": [ 9.996046, 9.936592, 9.639442, 9.453902 ] }, { "date": "2026-06-19", "close": 9.901, "volume": 12, "typical_volume": 18173.25, "trend": 9.246812, "fair_value": 7.53589, "relative_strength": -0.012991, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.747979, "energy": 52.304098, "activity_lines": [ 9.968564, 9.945851, 9.683373, 9.499913 ] }, { "date": "2026-06-26", "close": 9.747, "volume": 23028, "typical_volume": 18643.55, "trend": 9.28526, "fair_value": 7.557838, "relative_strength": -0.005885, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.663313, "energy": 39.040201, "activity_lines": [ 9.88486, 9.918703, 9.708162, 9.532183 ] }, { "date": "2026-07-03", "close": 9.836, "volume": 150, "typical_volume": 18128.5, "trend": 9.324431, "fair_value": 7.580856, "relative_strength": -1.183882, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.188637, "energy": 31.620182, "activity_lines": [ 9.849662, 9.906762, 9.738218, 9.567714 ] }, { "date": "2026-07-10", "close": 9.788, "volume": 52120, "typical_volume": 18769.85, "trend": 9.363224, "fair_value": 7.602354, "relative_strength": -1.781655, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.808125, "energy": 24.991397, "activity_lines": [ 9.817473, 9.883028, 9.760601, 9.597622 ] }, { "date": "2026-07-17", "close": 9.542, "volume": 16321, "typical_volume": 18088.35, "trend": 9.395588, "fair_value": 7.622422, "relative_strength": -4.865524, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.56993, "energy": 22.243733, "activity_lines": [ 9.717667, 9.814103, 9.757579, 9.609156 ] }, { "date": "2026-07-24", "close": 9.505, "volume": 748, "typical_volume": 15986.6, "trend": 9.423004, "fair_value": 7.642379, "relative_strength": -4.976138, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.012796, "energy": 14.648115, "activity_lines": [ 9.631733, 9.747172, 9.750741, 9.616215 ] }, { "date": "2026-07-31", "close": 9.512, "volume": 334, "typical_volume": 15735.0, "trend": 9.451051, "fair_value": 7.662984, "relative_strength": -5.606364, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.156543, "energy": 21.091167, "activity_lines": [ 9.574533, 9.68738, 9.742524, 9.621957 ] }, { "date": "2026-08-07", "close": 10.006, "volume": 2959, "typical_volume": 15810.2, "trend": 9.491451, "fair_value": 7.687425, "relative_strength": -1.726228, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.742268, "energy": 22.095822, "activity_lines": [ 9.697667, 9.726817, 9.778041, 9.65776 ] } ], "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." } } }