{ "ticker": { "uuid": "4b94bb2c-44de-4b46-910e-b4326955f54f", "symbol": "XDG6", "name": "Xtrackers MSCI Global Clean Water & Sanitation UCITS ETF 1C USD", "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": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 72.76, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 36.068, "architecture_energy": 43.572, "architecture_maturity": 23.405, "architecture_confidence": 56.02, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 26.39, "rotation_up": 63.64, "upward_expansion": 52.71, "deceleration": 42.55, "rotation_down": 20.6, "downward_expansion": 13.38 }, "activity_lines": [ 33.439333, 33.325364, 32.866643, 32.797097 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 33.41, "trend_reference": 32.8345, "distance_from_trend": 0.017527, "trend_direction": "Improving", "fair_value": 33.594872, "distance_from_fair_value": -0.005503, "fair_value_direction": "Improving", "relative_strength": -12.628562, "relative_strength_direction": "Improving", "price_momentum": -0.012269, "excess_performance": -0.183161, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.017527, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.009614, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.005503, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.048196, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.126286, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.024341, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.012269, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.12933, "read": "Demand-led" } ], "volume": { "latest": 45, "relative_activity": 0.195016, "balance": 1.12933, "dry_up": 1.076923, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.014206, "annualized_volatility": 0.109304, "from_high_reference": -0.039114, "from_low_reference": 0.069291 }, "levels": { "trend_reference": 32.8345, "fair_value_reference": 33.594872, "structural_low": 31.245001, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": 0.011652, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.002269, "regime_survival": 0.666667, "best_return": 0.013075, "worst_return": -0.022252, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": -0.032462, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.09947, "regime_survival": 0.0, "best_return": -0.032462, "worst_return": -0.032462, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.017734, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.115061, "regime_survival": 1.0, "best_return": 0.017734, "worst_return": 0.017734, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-06", "end": "2024-09-27", "tenure": "New", "return": 0.055763, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2024-11-08", "tenure": "Developing", "return": -0.01538, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-15", "end": "2024-11-29", "tenure": "New", "return": 0.022204, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-06", "end": "2024-12-27", "tenure": "New", "return": -0.058051, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-03", "end": "2025-02-07", "tenure": "Developing", "return": 0.007789, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-14", "end": "2025-09-12", "tenure": "Extended", "return": -0.070472, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-19", "end": "2025-11-14", "tenure": "Developing", "return": -0.025399, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-21", "end": "2026-01-09", "tenure": "Developing", "return": 0.023602, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-16", "end": "2026-02-13", "tenure": "Developing", "return": 0.013075, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-20", "end": "2026-03-20", "tenure": "Developing", "return": -0.074789, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-05-08", "tenure": "Developing", "return": -0.00533, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-15", "end": "2026-06-19", "tenure": "Developing", "return": 0.035255, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": -0.001793, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 31.59, "volume": 3, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 31.405001, "volume": 325, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 31.870001, "volume": 33, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 31.315001, "volume": 1018, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 31.690001, "volume": 5, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 31.690001, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 30.915001, "volume": 2258, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 30.129999, "volume": 1770, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 30.645, "volume": 528, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 29.99, "volume": 1545, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 29.285, "volume": 230, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 29.844999, "volume": 100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 29.844999, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 31.495001, "volume": 1, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 31.495001, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 31.225, "volume": 278, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 31.225, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 32.799999, "volume": 133, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 32.845001, "volume": 53, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 32.845001, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 32.919998, "volume": 1416, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 32.654999, "volume": 747, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 32.395, "volume": 57, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 32.580002, "volume": 538, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 32.855, "volume": 1657, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 32.759998, "volume": 1467, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-16", "close": 33.669998, "volume": 11150, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 33.93, "volume": 1660, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 34.355, "volume": 251, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 34.384998, "volume": 1625, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 34.445, "volume": 1247, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 35.23, "volume": 503, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 35.709999, "volume": 1077, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 34.805, "volume": 1096, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 34.775002, "volume": 548, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 34.395, "volume": 315, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 34.970001, "volume": 1241, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 35.185001, "volume": 906, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 36.064999, "volume": 276, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 35.935001, "volume": 818, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 35.5, "volume": 805, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 35.0, "volume": 727, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 35.205002, "volume": 313, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 34.965, "volume": 1195, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 35.16, "volume": 512, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 34.740002, "volume": 641, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 34.035, "volume": 7146, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 34.98, "volume": 1684, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 35.580002, "volume": 1522, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 35.580002, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 36.044998, "volume": 998, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 35.165001, "volume": 527, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 35.41, "volume": 136, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 35.665001, "volume": 525, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 35.759998, "volume": 9, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 34.880001, "volume": 856, "typical_volume": 1041.85, "trend": 35.050834, "fair_value": 32.894875, "relative_strength": -0.607619, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 21.192668, "energy": 13.246855, "activity_lines": [ 35.361333, 35.42, 35.304143, 35.232678 ] }, { "date": "2024-09-13", "close": 35.73, "volume": 243, "typical_volume": 991.95, "trend": 35.1195, "fair_value": 32.929877, "relative_strength": 1.033911, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 45.633638, "energy": 23.974773, "activity_lines": [ 35.479333, 35.496364, 35.345929, 35.276495 ] }, { "date": "2024-09-20", "close": 35.82, "volume": 38, "typical_volume": 948.55, "trend": 35.1825, "fair_value": 32.965122, "relative_strength": 0.794736, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 57.179662, "energy": 29.164649, "activity_lines": [ 35.589667, 35.558273, 35.392667, 35.321689 ] }, { "date": "2024-09-27", "close": 36.825001, "volume": 503, "typical_volume": 959.9, "trend": 35.264834, "fair_value": 33.011627, "relative_strength": 0.80622, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 79.415742, "energy": 56.319621, "activity_lines": [ 36.007667, 35.787637, 35.532096, 35.427656 ] }, { "date": "2024-10-04", "close": 37.060001, "volume": 174, "typical_volume": 927.7, "trend": 35.354, "fair_value": 33.059822, "relative_strength": 4.833106, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.72101, "energy": 82.261554, "activity_lines": [ 36.426667, 36.037091, 35.690286, 35.543474 ] }, { "date": "2024-10-11", "close": 37.32, "volume": 1280, "typical_volume": 951.45, "trend": 35.449834, "fair_value": 33.109941, "relative_strength": 3.366787, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.297886, "energy": 90.418774, "activity_lines": [ 36.845667, 36.306909, 35.867881, 35.670312 ] }, { "date": "2024-10-18", "close": 37.209999, "volume": 584, "typical_volume": 944.3, "trend": 35.515834, "fair_value": 33.157616, "relative_strength": 0.511129, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.324495, "energy": 90.338492, "activity_lines": [ 37.065333, 36.533546, 36.026334, 35.783871 ] }, { "date": "2024-10-25", "close": 36.884998, "volume": 194, "typical_volume": 938.35, "trend": 35.555, "fair_value": 33.20046, "relative_strength": 0.882662, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.097843, "energy": 84.56534, "activity_lines": [ 37.077999, 36.663909, 36.14331, 35.872204 ] }, { "date": "2024-11-01", "close": 35.564999, "volume": 373, "typical_volume": 897.25, "trend": 35.580334, "fair_value": 33.22733, "relative_strength": -2.420029, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.160064, "energy": 40.090785, "activity_lines": [ 36.579666, 36.527454, 36.126571, 35.87285 ] }, { "date": "2024-11-08", "close": 36.490002, "volume": 2595, "typical_volume": 1001.4, "trend": 35.6375, "fair_value": 33.263989, "relative_strength": 2.600981, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.365584, "energy": 28.856221, "activity_lines": [ 36.473667, 36.561, 36.195071, 35.931538 ] }, { "date": "2024-11-15", "close": 36.255001, "volume": 674, "typical_volume": 1003.05, "trend": 35.6995, "fair_value": 33.297222, "relative_strength": 0.835766, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.740451, "energy": 24.343166, "activity_lines": [ 36.327334, 36.538546, 36.234857, 35.971377 ] }, { "date": "2024-11-22", "close": 37.119999, "volume": 127, "typical_volume": 652.1, "trend": 35.771167, "fair_value": 33.339231, "relative_strength": 5.316499, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.969581, "energy": 27.738013, "activity_lines": [ 36.540333, 36.648364, 36.34981, 36.063022 ] }, { "date": "2024-11-29", "close": 37.060001, "volume": 118, "typical_volume": 573.8, "trend": 35.833667, "fair_value": 33.379674, "relative_strength": 5.271521, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.079823, "energy": 39.004942, "activity_lines": [ 36.739334, 36.722, 36.444357, 36.146172 ] }, { "date": "2024-12-06", "close": 37.294998, "volume": 64, "typical_volume": 500.9, "trend": 35.874667, "fair_value": 33.421774, "relative_strength": 1.78326, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.311357, "energy": 58.067699, "activity_lines": [ 37.005, 36.815818, 36.551381, 36.240452 ] }, { "date": "2024-12-13", "close": 36.775002, "volume": 3326, "typical_volume": 667.2, "trend": 35.902667, "fair_value": 33.457447, "relative_strength": 0.011346, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.926917, "energy": 53.02739, "activity_lines": [ 36.982, 36.806546, 36.600714, 36.298538 ] }, { "date": "2024-12-20", "close": 35.189999, "volume": 337, "typical_volume": 634.15, "trend": 35.892334, "fair_value": 33.475684, "relative_strength": -1.044202, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 7.847794, "energy": 6.465028, "activity_lines": [ 36.411667, 36.514273, 36.493405, 36.252559 ] }, { "date": "2024-12-27", "close": 35.130001, "volume": 28, "typical_volume": 609.2, "trend": 35.896667, "fair_value": 33.492917, "relative_strength": -2.259217, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -31.153187, "energy": 29.761968, "activity_lines": [ 35.892334, 36.249818, 36.384452, 36.203376 ] }, { "date": "2025-01-03", "close": 35.305, "volume": 195, "typical_volume": 612.15, "trend": 35.9, "fair_value": 33.511598, "relative_strength": -1.592899, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.768791, "energy": 37.925283, "activity_lines": [ 35.564, 36.055, 36.292333, 36.165204 ] }, { "date": "2025-01-10", "close": 35.009998, "volume": 142, "typical_volume": 593.0, "trend": 35.9015, "fair_value": 33.526888, "relative_strength": -4.961903, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.208597, "energy": 50.880049, "activity_lines": [ 35.254333, 35.835273, 36.172619, 36.107785 ] }, { "date": "2025-01-17", "close": 35.535, "volume": 547, "typical_volume": 619.9, "trend": 35.914, "fair_value": 33.547172, "relative_strength": -6.51592, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.317898, "energy": 56.293357, "activity_lines": [ 35.272, 35.721091, 36.106024, 36.08414 ] }, { "date": "2025-01-24", "close": 35.235001, "volume": 25, "typical_volume": 578.35, "trend": 35.9305, "fair_value": 33.56405, "relative_strength": -6.964357, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.434095, "energy": 49.82091, "activity_lines": [ 35.272333, 35.569727, 36.011929, 36.040333 ] }, { "date": "2025-01-31", "close": 35.66, "volume": 23, "typical_volume": 567.35, "trend": 35.984667, "fair_value": 33.584802, "relative_strength": -6.383773, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.124079, "energy": 31.425872, "activity_lines": [ 35.411333, 35.514182, 35.956619, 36.022882 ] }, { "date": "2025-02-07", "close": 35.580002, "volume": 58, "typical_volume": 568.35, "trend": 36.004667, "fair_value": 33.604363, "relative_strength": -7.911026, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -44.739366, "energy": 29.765497, "activity_lines": [ 35.488334, 35.470637, 35.894024, 35.996774 ] }, { "date": "2025-02-14", "close": 35.830002, "volume": 610, "typical_volume": 573.7, "trend": 36.013, "fair_value": 33.625971, "relative_strength": -9.318598, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.958756, "energy": 23.76235, "activity_lines": [ 35.630335, 35.499455, 35.856381, 35.985506 ] }, { "date": "2025-02-21", "close": 35.834999, "volume": 253, "typical_volume": 577.65, "trend": 36.0215, "fair_value": 33.647212, "relative_strength": -10.177519, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.819451, "energy": 21.349008, "activity_lines": [ 35.719334, 35.555819, 35.823953, 35.974022 ] }, { "date": "2025-02-28", "close": 35.744999, "volume": 59, "typical_volume": 516.6, "trend": 36.0115, "fair_value": 33.667191, "relative_strength": -10.749736, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.943796, "energy": 20.425502, "activity_lines": [ 35.758333, 35.612909, 35.788786, 35.956183 ] }, { "date": "2025-03-07", "close": 34.755001, "volume": 527, "typical_volume": 513.75, "trend": 35.997833, "fair_value": 33.677453, "relative_strength": -12.8739, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.943596, "energy": 36.049996, "activity_lines": [ 35.433334, 35.479909, 35.666834, 35.875118 ] }, { "date": "2025-03-14", "close": 34.490002, "volume": 49, "typical_volume": 506.5, "trend": 35.967167, "fair_value": 33.685047, "relative_strength": -13.479498, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.614266, "energy": 65.476528, "activity_lines": [ 35.080334, 35.305546, 35.531334, 35.777839 ] }, { "date": "2025-03-21", "close": 34.799999, "volume": 363, "typical_volume": 506.0, "trend": 35.938333, "fair_value": 33.69537, "relative_strength": -13.336838, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.791884, "energy": 78.99115, "activity_lines": [ 34.903334, 35.202364, 35.436762, 35.702538 ] }, { "date": "2025-03-28", "close": 34.68, "volume": 89, "typical_volume": 380.7, "trend": 35.902334, "fair_value": 33.704404, "relative_strength": -12.757599, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.835752, "energy": 82.783798, "activity_lines": [ 34.755, 35.081182, 35.334405, 35.621355 ] }, { "date": "2025-04-04", "close": 32.77, "volume": 536, "typical_volume": 373.8, "trend": 35.832, "fair_value": 33.695909, "relative_strength": -7.697277, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.911606, "energy": 95.476506, "activity_lines": [ 34.047, 34.628273, 35.058762, 35.419269 ] }, { "date": "2025-04-11", "close": 31.875, "volume": 82, "typical_volume": 371.55, "trend": 35.7035, "fair_value": 33.679505, "relative_strength": -8.419502, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -96.488581, "energy": 97.59776, "activity_lines": [ 33.239, 34.057455, 34.714476, 35.163979 ] }, { "date": "2025-04-18", "close": 32.744999, "volume": 77, "typical_volume": 369.5, "trend": 35.601, "fair_value": 33.671161, "relative_strength": -10.849889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.93102, "energy": 90.142412, "activity_lines": [ 32.913, 33.713636, 34.478024, 34.973108 ] }, { "date": "2025-04-25", "close": 32.970001, "volume": 722, "typical_volume": 402.4, "trend": 35.4725, "fair_value": 33.664956, "relative_strength": -13.29939, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.194345, "energy": 87.398691, "activity_lines": [ 32.778333, 33.462273, 34.283548, 34.803366 ] }, { "date": "2025-05-02", "close": 33.709999, "volume": 65, "typical_volume": 239.35, "trend": 35.360833, "fair_value": 33.665351, "relative_strength": -13.347097, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.85328, "energy": 65.684009, "activity_lines": [ 33.012333, 33.397454, 34.180143, 34.689656 ] }, { "date": "2025-05-09", "close": 33.709999, "volume": 64, "typical_volume": 225.7, "trend": 35.2405, "fair_value": 33.665739, "relative_strength": -15.344773, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.812989, "energy": 52.451744, "activity_lines": [ 33.310999, 33.371272, 34.091333, 34.583151 ] }, { "date": "2025-05-16", "close": 34.099998, "volume": 34, "typical_volume": 226.0, "trend": 35.136833, "fair_value": 33.669483, "relative_strength": -16.795046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.593261, "energy": 32.21064, "activity_lines": [ 33.676999, 33.452999, 34.046714, 34.50957 ] }, { "date": "2025-05-23", "close": 33.634998, "volume": 35, "typical_volume": 218.0, "trend": 35.0285, "fair_value": 33.669188, "relative_strength": -15.187605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.861621, "energy": 26.950835, "activity_lines": [ 33.739665, 33.46209, 33.962714, 34.412677 ] }, { "date": "2025-05-30", "close": 33.615002, "volume": 127, "typical_volume": 217.25, "trend": 34.9635, "fair_value": 33.668729, "relative_strength": -16.249632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.892621, "energy": 23.729352, "activity_lines": [ 33.736333, 33.48309, 33.884762, 34.321484 ] }, { "date": "2025-06-06", "close": 33.580002, "volume": 238, "typical_volume": 201.8, "trend": 34.8665, "fair_value": 33.667983, "relative_strength": -17.097607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.697351, "energy": 23.014569, "activity_lines": [ 33.678334, 33.519273, 33.810119, 34.232226 ] }, { "date": "2025-06-13", "close": 33.064999, "volume": 344, "typical_volume": 217.75, "trend": 34.760167, "fair_value": 33.662958, "relative_strength": -15.584299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.841507, "energy": 40.108086, "activity_lines": [ 33.457334, 33.481818, 33.695738, 34.116 ] }, { "date": "2025-06-20", "close": 32.790001, "volume": 50, "typical_volume": 219.1, "trend": 34.615833, "fair_value": 33.655744, "relative_strength": -15.482903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.232689, "energy": 47.830501, "activity_lines": [ 33.187667, 33.389, 33.5655, 33.988892 ] }, { "date": "2025-06-27", "close": 32.41, "volume": 134, "typical_volume": 222.9, "trend": 34.460833, "fair_value": 33.645533, "relative_strength": -17.16224, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.132043, "energy": 65.76158, "activity_lines": [ 32.878667, 33.210455, 33.412738, 33.846581 ] }, { "date": "2025-07-04", "close": 32.48, "volume": 169, "typical_volume": 200.85, "trend": 34.300333, "fair_value": 33.636057, "relative_strength": -16.435402, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.680855, "energy": 85.190209, "activity_lines": [ 32.674667, 33.050727, 33.281738, 33.718785 ] }, { "date": "2025-07-11", "close": 32.560001, "volume": 149, "typical_volume": 195.65, "trend": 34.159833, "fair_value": 33.627379, "relative_strength": -16.858151, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.489503, "energy": 87.804901, "activity_lines": [ 32.573, 32.914455, 33.17431, 33.606505 ] }, { "date": "2025-07-18", "close": 32.290001, "volume": 108, "typical_volume": 198.1, "trend": 34.063167, "fair_value": 33.61668, "relative_strength": -17.639034, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.488495, "energy": 91.867955, "activity_lines": [ 32.449334, 32.750001, 33.056762, 33.485871 ] }, { "date": "2025-07-25", "close": 32.244999, "volume": 607, "typical_volume": 202.1, "trend": 33.967, "fair_value": 33.605794, "relative_strength": -18.168321, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.599954, "energy": 90.115586, "activity_lines": [ 32.362333, 32.603182, 32.951381, 33.36857 ] }, { "date": "2025-08-01", "close": 32.27, "volume": 21, "typical_volume": 200.7, "trend": 33.865833, "fair_value": 33.595276, "relative_strength": -15.968637, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.746757, "energy": 87.956678, "activity_lines": [ 32.32, 32.494637, 32.860333, 33.259086 ] }, { "date": "2025-08-08", "close": 33.07, "volume": 347, "typical_volume": 199.9, "trend": 33.801167, "fair_value": 33.591172, "relative_strength": -16.844329, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.048869, "energy": 55.156905, "activity_lines": [ 32.553667, 32.556364, 32.856048, 33.207742 ] }, { "date": "2025-08-15", "close": 33.09, "volume": 34, "typical_volume": 197.15, "trend": 33.719667, "fair_value": 33.587287, "relative_strength": -18.316751, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.115396, "energy": 36.491053, "activity_lines": [ 32.754667, 32.631636, 32.861905, 33.16186 ] }, { "date": "2025-08-22", "close": 32.889999, "volume": 24, "typical_volume": 171.55, "trend": 33.6415, "fair_value": 33.581923, "relative_strength": -19.550742, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.253615, "energy": 29.35013, "activity_lines": [ 32.853666, 32.679454, 32.856286, 33.108333 ] }, { "date": "2025-08-29", "close": 32.955002, "volume": 107, "typical_volume": 172.8, "trend": 33.551333, "fair_value": 33.577137, "relative_strength": -16.824165, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.352158, "energy": 30.706277, "activity_lines": [ 32.934334, 32.742273, 32.856286, 33.064043 ] }, { "date": "2025-09-05", "close": 32.724998, "volume": 172, "typical_volume": 177.55, "trend": 33.456167, "fair_value": 33.570682, "relative_strength": -15.786906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.502622, "energy": 24.47765, "activity_lines": [ 32.891, 32.760273, 32.829238, 33.010731 ] }, { "date": "2025-09-12", "close": 33.305, "volume": 46, "typical_volume": 143.75, "trend": 33.372, "fair_value": 33.568684, "relative_strength": -15.734009, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 4.059807, "energy": 12.458666, "activity_lines": [ 33.010666, 32.878, 32.857524, 33.000978 ] }, { "date": "2025-09-19", "close": 32.875, "volume": 141, "typical_volume": 147.55, "trend": 33.273333, "fair_value": 33.563508, "relative_strength": -15.827566, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.595692, "energy": 12.11882, "activity_lines": [ 32.971333, 32.902545, 32.843262, 32.968914 ] }, { "date": "2025-09-26", "close": 32.490002, "volume": 1871, "typical_volume": 237.9, "trend": 33.164833, "fair_value": 33.555556, "relative_strength": -16.948228, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.580291, "energy": 24.814814, "activity_lines": [ 32.818001, 32.851364, 32.79631, 32.918376 ] }, { "date": "2025-10-03", "close": 32.869999, "volume": 534, "typical_volume": 262.9, "trend": 33.102, "fair_value": 33.550515, "relative_strength": -16.565101, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.651809, "energy": 15.337635, "activity_lines": [ 32.818, 32.865636, 32.791357, 32.899355 ] }, { "date": "2025-10-10", "close": 32.485001, "volume": 542, "typical_volume": 288.25, "trend": 33.035167, "fair_value": 33.542737, "relative_strength": -14.601063, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.767509, "energy": 33.330409, "activity_lines": [ 32.695334, 32.798546, 32.755595, 32.859548 ] }, { "date": "2025-10-17", "close": 33.025002, "volume": 792, "typical_volume": 321.5, "trend": 32.976, "fair_value": 33.538986, "relative_strength": -12.081181, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.098972, "energy": 18.285878, "activity_lines": [ 32.768668, 32.825728, 32.776738, 32.858893 ] }, { "date": "2025-10-24", "close": 33.34, "volume": 158, "typical_volume": 317.5, "trend": 32.931333, "fair_value": 33.537554, "relative_strength": -12.24786, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.84008, "energy": 15.613839, "activity_lines": [ 32.965667, 32.911001, 32.830691, 32.882377 ] }, { "date": "2025-10-31", "close": 32.400002, "volume": 223, "typical_volume": 311.45, "trend": 32.919, "fair_value": 33.529429, "relative_strength": -15.581271, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.849829, "energy": 19.34954, "activity_lines": [ 32.818334, 32.820819, 32.796262, 32.848097 ] }, { "date": "2025-11-07", "close": 32.084999, "volume": 113, "typical_volume": 314.6, "trend": 32.926, "fair_value": 33.519185, "relative_strength": -15.294038, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -68.308556, "energy": 39.368288, "activity_lines": [ 32.572001, 32.682273, 32.735, 32.794291 ] }, { "date": "2025-11-14", "close": 32.040001, "volume": 490, "typical_volume": 332.4, "trend": 32.9025, "fair_value": 33.508768, "relative_strength": -16.882119, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.646891, "energy": 64.206689, "activity_lines": [ 32.363001, 32.551364, 32.67281, 32.737129 ] }, { "date": "2025-11-21", "close": 31.565001, "volume": 243, "typical_volume": 336.1, "trend": 32.855667, "fair_value": 33.495175, "relative_strength": -14.867545, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.623433, "energy": 82.613283, "activity_lines": [ 32.025334, 32.346546, 32.567143, 32.650839 ] }, { "date": "2025-11-28", "close": 32.575001, "volume": 36, "typical_volume": 330.45, "trend": 32.817834, "fair_value": 33.488785, "relative_strength": -12.862026, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.839784, "energy": 69.231964, "activity_lines": [ 32.121667, 32.357001, 32.562024, 32.632732 ] }, { "date": "2025-12-05", "close": 32.395, "volume": 106, "typical_volume": 330.35, "trend": 32.774, "fair_value": 33.481242, "relative_strength": -12.85888, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.313941, "energy": 55.311812, "activity_lines": [ 32.209001, 32.340182, 32.539691, 32.605452 ] }, { "date": "2025-12-12", "close": 32.125, "volume": 21, "typical_volume": 301.05, "trend": 32.708167, "fair_value": 33.471952, "relative_strength": -13.129673, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.061404, "energy": 40.575372, "activity_lines": [ 32.206667, 32.276001, 32.491143, 32.563581 ] }, { "date": "2025-12-19", "close": 32.025002, "volume": 478, "typical_volume": 323.9, "trend": 32.6545, "fair_value": 33.462109, "relative_strength": -15.180064, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.201765, "energy": 33.159757, "activity_lines": [ 32.168334, 32.207183, 32.433643, 32.519506 ] }, { "date": "2025-12-26", "close": 32.049999, "volume": 269, "typical_volume": 320.0, "trend": 32.602334, "fair_value": 33.452568, "relative_strength": -14.220558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.629932, "energy": 37.387118, "activity_lines": [ 32.139334, 32.151273, 32.379691, 32.480506 ] }, { "date": "2026-01-02", "close": 32.23, "volume": 244, "typical_volume": 330.5, "trend": 32.557334, "fair_value": 33.444363, "relative_strength": -14.561064, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.541155, "energy": 36.508875, "activity_lines": [ 32.138, 32.145819, 32.347739, 32.456484 ] }, { "date": "2026-01-09", "close": 32.310001, "volume": 77, "typical_volume": 333.15, "trend": 32.532167, "fair_value": 33.4368, "relative_strength": -14.419235, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.555159, "energy": 28.084824, "activity_lines": [ 32.186334, 32.175091, 32.327501, 32.440527 ] }, { "date": "2026-01-16", "close": 33.27, "volume": 371, "typical_volume": 346.35, "trend": 32.548167, "fair_value": 33.435695, "relative_strength": -11.510166, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.387989, "energy": 18.803027, "activity_lines": [ 32.560334, 32.380546, 32.401453, 32.488129 ] }, { "date": "2026-01-23", "close": 33.064999, "volume": 589, "typical_volume": 367.2, "trend": 32.57, "fair_value": 33.433257, "relative_strength": -9.657532, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.233913, "energy": 32.914383, "activity_lines": [ 32.789666, 32.527182, 32.454381, 32.521473 ] }, { "date": "2026-01-30", "close": 32.325001, "volume": 1615, "typical_volume": 445.65, "trend": 32.564834, "fair_value": 33.426013, "relative_strength": -12.475709, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 7.052214, "energy": 23.50937, "activity_lines": [ 32.703, 32.520637, 32.435215, 32.505667 ] }, { "date": "2026-02-06", "close": 33.825001, "volume": 414, "typical_volume": 459.3, "trend": 32.607, "fair_value": 33.428604, "relative_strength": -8.630236, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.905531, "energy": 59.377902, "activity_lines": [ 33.098, 32.773, 32.563572, 32.586968 ] }, { "date": "2026-02-13", "close": 33.705002, "volume": 2265, "typical_volume": 479.0, "trend": 32.654167, "fair_value": 33.430387, "relative_strength": -7.616844, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 77.326771, "energy": 78.704929, "activity_lines": [ 33.346668, 32.980819, 32.675977, 32.657807 ] }, { "date": "2026-02-20", "close": 34.43, "volume": 926, "typical_volume": 498.6, "trend": 32.727, "fair_value": 33.436795, "relative_strength": -7.319857, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.123435, "energy": 88.127942, "activity_lines": [ 33.744001, 33.296637, 32.851643, 32.772377 ] }, { "date": "2026-02-27", "close": 34.130001, "volume": 1165, "typical_volume": 529.75, "trend": 32.789, "fair_value": 33.454135, "relative_strength": -9.120487, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.441392, "energy": 89.72783, "activity_lines": [ 33.964001, 33.516001, 32.99131, 32.862893 ] }, { "date": "2026-03-06", "close": 33.465, "volume": 597, "typical_volume": 520.0, "trend": 32.802167, "fair_value": 33.467212, "relative_strength": -4.389874, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.102836, "energy": 75.243409, "activity_lines": [ 33.891334, 33.576182, 33.05981, 32.906506 ] }, { "date": "2026-03-13", "close": 32.955002, "volume": 19, "typical_volume": 513.05, "trend": 32.797667, "fair_value": 33.477019, "relative_strength": -5.858061, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.389214, "energy": 46.323366, "activity_lines": [ 33.572668, 33.51791, 33.077644, 32.916366 ] }, { "date": "2026-03-20", "close": 31.855, "volume": 737, "typical_volume": 538.75, "trend": 32.763167, "fair_value": 33.479776, "relative_strength": -5.524977, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 5.69791, "energy": 14.107648, "activity_lines": [ 32.945334, 33.246455, 32.992548, 32.855549 ] }, { "date": "2026-03-27", "close": 31.895, "volume": 766, "typical_volume": 571.4, "trend": 32.727834, "fair_value": 33.487917, "relative_strength": -6.212966, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.525319, "energy": 31.351343, "activity_lines": [ 32.454667, 32.990546, 32.913858, 32.799538 ] }, { "date": "2026-04-03", "close": 32.73, "volume": 58, "typical_volume": 549.8, "trend": 32.728001, "fair_value": 33.499071, "relative_strength": -7.979857, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.686341, "energy": 29.43566, "activity_lines": [ 32.411334, 32.911455, 32.915596, 32.799678 ] }, { "date": "2026-04-10", "close": 32.775002, "volume": 118, "typical_volume": 543.55, "trend": 32.710334, "fair_value": 33.510513, "relative_strength": -11.149105, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.973877, "energy": 26.615233, "activity_lines": [ 32.476334, 32.846637, 32.918334, 32.80271 ] }, { "date": "2026-04-17", "close": 32.189999, "volume": 492, "typical_volume": 566.35, "trend": 32.687501, "fair_value": 33.515385, "relative_strength": -14.451198, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.618324, "energy": 26.961909, "activity_lines": [ 32.392334, 32.667273, 32.859596, 32.76914 ] }, { "date": "2026-04-24", "close": 32.189999, "volume": 49, "typical_volume": 563.5, "trend": 32.6775, "fair_value": 33.521955, "relative_strength": -11.817107, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.812204, "energy": 20.410893, "activity_lines": [ 32.359333, 32.517636, 32.802691, 32.737043 ] }, { "date": "2026-05-01", "close": 32.115002, "volume": 153, "typical_volume": 570.1, "trend": 32.652334, "fair_value": 33.528045, "relative_strength": -12.629319, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.306994, "energy": 24.169352, "activity_lines": [ 32.279, 32.38191, 32.73962, 32.700753 ] }, { "date": "2026-05-08", "close": 31.725, "volume": 213, "typical_volume": 556.85, "trend": 32.627001, "fair_value": 33.525257, "relative_strength": -15.062651, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -44.700652, "energy": 52.779531, "activity_lines": [ 32.054, 32.217364, 32.639453, 32.640925 ] }, { "date": "2026-05-15", "close": 31.485001, "volume": 478, "typical_volume": 567.3, "trend": 32.575667, "fair_value": 33.521218, "relative_strength": -14.979991, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.678516, "energy": 70.500098, "activity_lines": [ 31.816001, 32.05291, 32.517858, 32.567248 ] }, { "date": "2026-05-22", "close": 31.985001, "volume": 74, "typical_volume": 558.8, "trend": 32.530501, "fair_value": 33.520385, "relative_strength": -13.866238, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.169272, "energy": 64.526815, "activity_lines": [ 31.830667, 32.015364, 32.446572, 32.52914 ] }, { "date": "2026-05-29", "close": 32.139999, "volume": 14, "typical_volume": 555.65, "trend": 32.521834, "fair_value": 33.526507, "relative_strength": -13.925613, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.682787, "energy": 54.211047, "activity_lines": [ 31.910667, 32.023637, 32.391215, 32.503947 ] }, { "date": "2026-06-05", "close": 31.905001, "volume": 730, "typical_volume": 573.6, "trend": 32.515834, "fair_value": 33.52484, "relative_strength": -13.892102, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.371437, "energy": 44.895045, "activity_lines": [ 31.915667, 31.984, 32.314286, 32.464151 ] }, { "date": "2026-06-12", "close": 32.105, "volume": 22, "typical_volume": 545.25, "trend": 32.518, "fair_value": 33.524616, "relative_strength": -15.581293, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.960625, "energy": 26.84615, "activity_lines": [ 32.001334, 31.980546, 32.262905, 32.437646 ] }, { "date": "2026-06-19", "close": 32.595001, "volume": 0, "typical_volume": 464.5, "trend": 32.552334, "fair_value": 33.527532, "relative_strength": -16.00631, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.196035, "energy": 19.22683, "activity_lines": [ 32.225, 32.077546, 32.262762, 32.442613 ] }, { "date": "2026-06-26", "close": 33.470001, "volume": 314, "typical_volume": 459.5, "trend": 32.582167, "fair_value": 33.536026, "relative_strength": -10.706288, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.186208, "energy": 31.334186, "activity_lines": [ 32.666334, 32.33691, 32.344667, 32.501818 ] }, { "date": "2026-07-03", "close": 33.259998, "volume": 0, "typical_volume": 346.25, "trend": 32.611, "fair_value": 33.543173, "relative_strength": -13.44454, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.910734, "energy": 55.935388, "activity_lines": [ 32.938667, 32.534818, 32.408262, 32.545549 ] }, { "date": "2026-07-10", "close": 33.34, "volume": 140, "typical_volume": 306.95, "trend": 32.6515, "fair_value": 33.552051, "relative_strength": -12.484787, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.974462, "energy": 68.992032, "activity_lines": [ 33.163, 32.727818, 32.481595, 32.592581 ] }, { "date": "2026-07-17", "close": 33.860001, "volume": 858, "typical_volume": 291.6, "trend": 32.712667, "fair_value": 33.564167, "relative_strength": -9.509234, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.985626, "energy": 80.01204, "activity_lines": [ 33.465, 32.993091, 32.609643, 32.670549 ] }, { "date": "2026-07-24", "close": 33.860001, "volume": 0, "typical_volume": 261.75, "trend": 32.773, "fair_value": 33.573943, "relative_strength": -9.03449, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.126675, "energy": 79.628749, "activity_lines": [ 33.65, 33.219546, 32.738977, 32.74457 ] }, { "date": "2026-07-31", "close": 32.974998, "volume": 91, "typical_volume": 265.35, "trend": 32.797834, "fair_value": 33.582693, "relative_strength": -11.626056, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.808212, "energy": 59.283148, "activity_lines": [ 33.455666, 33.241909, 32.782143, 32.757602 ] }, { "date": "2026-08-07", "close": 33.41, "volume": 45, "typical_volume": 230.75, "trend": 32.8345, "fair_value": 33.594872, "relative_strength": -12.628562, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.068488, "energy": 43.572137, "activity_lines": [ 33.439333, 33.325364, 32.866643, 32.797097 ] } ], "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." } } }