{ "ticker": { "uuid": "51989524-906c-470e-a4d6-b41f3c046e6f", "symbol": "XDPU", "name": "Xtrackers S&P 500 UCITS ETF 4C - USD", "exchange": "GER", "country": "DE", "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": "^GDAXI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 82.862, "architecture_energy": 65.727, "architecture_maturity": 84.17, "architecture_confidence": 71.865, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 15.02, "rotation_up": 52.85, "upward_expansion": 82.54, "deceleration": 71.33, "rotation_down": 29.03, "downward_expansion": 11.54 }, "activity_lines": [ 12.754933, 12.706618, 12.525779, 12.242206 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 13.0085, "trend_reference": 11.9071, "distance_from_trend": 0.092499, "trend_direction": "Improving", "fair_value": 10.130447, "distance_from_fair_value": 0.284099, "fair_value_direction": "Improving", "relative_strength": 3.930175, "relative_strength_direction": "Weakening", "price_momentum": 0.154925, "excess_performance": 0.090285, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.092499, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.041125, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.284099, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.033115, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.039302, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.055083, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.154925, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.704488, "read": "Demand-led" } ], "volume": { "latest": 276071, "relative_activity": 1.275153, "balance": 1.704488, "dry_up": 1.51699, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.018633, "annualized_volatility": 0.117703, "from_high_reference": -0.00501, "from_low_reference": 0.243821 }, "levels": { "trend_reference": 11.9071, "fair_value_reference": 10.130447, "structural_low": 10.725, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 21, "median_return": 0.014815, "positive_rate": 0.809524, "directional_follow_through": 0.809524, "median_excess_return": -0.00063, "regime_survival": 0.857143, "best_return": 0.078122, "worst_return": -0.103147, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.078192, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": 0.036473, "regime_survival": 0.5, "best_return": 0.108264, "worst_return": -0.179137, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.108989, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.042348, "regime_survival": 0.5, "best_return": 0.177349, "worst_return": -0.093981, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.182215, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.019498, "regime_survival": 0.5, "best_return": 0.346837, "worst_return": 0.017594, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-15", "end": "2024-05-03", "tenure": "Established", "return": 0.101252, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-10", "end": "2024-05-17", "tenure": "New", "return": 0.006299, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-08-02", "tenure": "Developing", "return": -0.00218, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-09-27", "tenure": "Developing", "return": 0.057984, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2025-02-28", "tenure": "Established", "return": 0.091316, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.11555, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-06-06", "tenure": "Developing", "return": 0.132188, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-18", "tenure": "Developing", "return": 0.041006, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-25", "end": "2025-08-29", "tenure": "Developing", "return": 0.015759, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-11-21", "tenure": "Developing", "return": 0.03989, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-03-27", "tenure": "Established", "return": -0.053324, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": 0.07174, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-01", "end": "2026-05-08", "tenure": "New", "return": 0.02754, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-08-07", "tenure": "Established", "return": 0.051149, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 7.5328, "volume": 23730, "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": 7.6404, "volume": 5802, "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": 7.8568, "volume": 35116, "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": 7.8404, "volume": 58688, "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": 7.8638, "volume": 8291, "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": 7.6816, "volume": 50780, "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": 7.6666, "volume": 23600, "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": 7.6072, "volume": 79413, "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": 7.7678, "volume": 25541, "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": 7.5252, "volume": 69846, "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": 7.361, "volume": 34169, "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": 7.6598, "volume": 29859, "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": 7.7196, "volume": 30354, "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": 7.8018, "volume": 40664, "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": 7.8558, "volume": 42789, "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": 7.9396, "volume": 48141, "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": 8.0508, "volume": 17595, "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": 8.1658, "volume": 22173, "typical_volume": 37918.2, "trend": 7.681387, "fair_value": 7.296556, "relative_strength": 3.038287, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.276757, "energy": 86.939764, "activity_lines": [ 8.024293, 7.883124, 7.79077, 7.749193 ] }, { "date": "2023-12-22", "close": 8.1548, "volume": 96549, "typical_volume": 41498.0, "trend": 7.70874, "fair_value": 7.307152, "relative_strength": 3.150468, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.285851, "energy": 87.940342, "activity_lines": [ 8.088307, 7.950411, 7.82997, 7.779736 ] }, { "date": "2023-12-29", "close": 8.1714, "volume": 30590, "typical_volume": 38684.5, "trend": 7.732187, "fair_value": 7.317691, "relative_strength": 3.043284, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.231438, "energy": 87.172316, "activity_lines": [ 8.13432, 8.01368, 7.868555, 7.809585 ] }, { "date": "2024-01-05", "close": 8.1022, "volume": 260805, "typical_volume": 50538.25, "trend": 7.752547, "fair_value": 7.327143, "relative_strength": 3.042763, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.92217, "energy": 82.236268, "activity_lines": [ 8.136227, 8.052618, 7.897989, 7.833457 ] }, { "date": "2024-01-12", "close": 8.2262, "volume": 22990, "typical_volume": 51397.65, "trend": 7.773827, "fair_value": 7.337846, "relative_strength": 3.764587, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.725009, "energy": 80.427291, "activity_lines": [ 8.168627, 8.100625, 7.93652, 7.864015 ] }, { "date": "2024-01-19", "close": 8.3262, "volume": 52907, "typical_volume": 52287.2, "trend": 7.80172, "fair_value": 7.349474, "relative_strength": 5.745958, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.6944, "energy": 86.178282, "activity_lines": [ 8.222667, 8.156516, 7.981786, 7.899652 ] }, { "date": "2024-01-26", "close": 8.5142, "volume": 45786, "typical_volume": 51642.1, "trend": 7.83134, "fair_value": 7.363017, "relative_strength": 5.367642, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.80733, "energy": 93.852672, "activity_lines": [ 8.32868, 8.23556, 8.042721, 7.945618 ] }, { "date": "2024-02-02", "close": 8.659, "volume": 57252, "typical_volume": 54090.15, "trend": 7.868067, "fair_value": 7.377914, "relative_strength": 7.228371, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.096586, "energy": 97.443183, "activity_lines": [ 8.459, 8.327978, 8.114238, 7.999016 ] }, { "date": "2024-02-09", "close": 8.7746, "volume": 73373, "typical_volume": 55219.8, "trend": 7.90914, "fair_value": 7.393785, "relative_strength": 8.374629, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.859992, "energy": 97.323949, "activity_lines": [ 8.595347, 8.426811, 8.192978, 8.057502 ] }, { "date": "2024-02-16", "close": 8.8202, "volume": 34204, "typical_volume": 55750.0, "trend": 7.947193, "fair_value": 7.409812, "relative_strength": 7.474306, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.962575, "energy": 96.049951, "activity_lines": [ 8.702067, 8.518753, 8.270856, 8.11628 ] }, { "date": "2024-02-23", "close": 8.8926, "volume": 36188, "typical_volume": 53588.75, "trend": 7.983513, "fair_value": 7.426288, "relative_strength": 6.263769, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.797973, "energy": 94.890865, "activity_lines": [ 8.79332, 8.609869, 8.350136, 8.177274 ] }, { "date": "2024-03-01", "close": 8.9256, "volume": 45671, "typical_volume": 54595.25, "trend": 8.024573, "fair_value": 7.442764, "relative_strength": 4.551856, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.43013, "energy": 92.663624, "activity_lines": [ 8.857813, 8.693771, 8.426438, 8.238054 ] }, { "date": "2024-03-08", "close": 8.9046, "volume": 47656, "typical_volume": 53485.75, "trend": 8.066947, "fair_value": 7.458653, "relative_strength": 3.619461, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.876131, "energy": 79.591741, "activity_lines": [ 8.88788, 8.75984, 8.495227, 8.29483 ] }, { "date": "2024-03-15", "close": 8.8832, "volume": 114154, "typical_volume": 57485.0, "trend": 8.11196, "fair_value": 7.473971, "relative_strength": 2.543016, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.374404, "energy": 68.351234, "activity_lines": [ 8.89444, 8.808687, 8.555409, 8.347491 ] }, { "date": "2024-03-22", "close": 9.1556, "volume": 19579, "typical_volume": 56971.0, "trend": 8.162467, "fair_value": 7.491861, "relative_strength": 3.936818, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.867421, "energy": 75.539181, "activity_lines": [ 8.98456, 8.892862, 8.634285, 8.414823 ] }, { "date": "2024-03-29", "close": 9.1934, "volume": 54381, "typical_volume": 58172.35, "trend": 8.20702, "fair_value": 7.509772, "relative_strength": 2.553345, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.878843, "energy": 74.136953, "activity_lines": [ 9.06492, 8.967011, 8.709638, 8.481335 ] }, { "date": "2024-04-05", "close": 9.0792, "volume": 72564, "typical_volume": 59767.35, "trend": 8.248313, "fair_value": 7.52612, "relative_strength": 2.838959, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.542492, "energy": 66.77651, "activity_lines": [ 9.08716, 9.004629, 8.767097, 8.537604 ] }, { "date": "2024-04-12", "close": 9.165, "volume": 64370, "typical_volume": 60846.4, "trend": 8.291687, "fair_value": 7.543015, "relative_strength": 4.950888, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.775478, "energy": 68.683098, "activity_lines": [ 9.12776, 9.047575, 8.826645, 8.596745 ] }, { "date": "2024-04-19", "close": 8.8636, "volume": 37558, "typical_volume": 60317.25, "trend": 8.331087, "fair_value": 7.556491, "relative_strength": 2.372031, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.820804, "energy": 60.96034, "activity_lines": [ 9.050533, 9.02652, 8.851253, 8.633643 ] }, { "date": "2024-04-26", "close": 9.0314, "volume": 54248, "typical_volume": 62149.9, "trend": 8.37658, "fair_value": 7.571389, "relative_strength": 1.654152, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.099169, "energy": 49.163344, "activity_lines": [ 9.030547, 9.034356, 8.887443, 8.678825 ] }, { "date": "2024-05-03", "close": 8.9926, "volume": 21049, "typical_volume": 62093.7, "trend": 8.42276, "fair_value": 7.585601, "relative_strength": 1.868266, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.220471, "energy": 42.168365, "activity_lines": [ 9.005907, 9.031298, 8.915268, 8.718568 ] }, { "date": "2024-05-10", "close": 9.1764, "volume": 71253, "typical_volume": 60828.9, "trend": 8.469713, "fair_value": 7.601351, "relative_strength": -0.488996, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.083172, "energy": 43.848348, "activity_lines": [ 9.05592, 9.05984, 8.95666, 8.76719 ] }, { "date": "2024-05-17", "close": 9.2342, "volume": 18634, "typical_volume": 60231.1, "trend": 8.52668, "fair_value": 7.61736, "relative_strength": 0.3142, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 73.495815, "energy": 55.549288, "activity_lines": [ 9.11872, 9.094331, 8.998692, 8.816511 ] }, { "date": "2024-05-24", "close": 9.2648, "volume": 41765, "typical_volume": 49279.1, "trend": 8.59014, "fair_value": 7.633354, "relative_strength": 0.56162, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.665763, "energy": 59.671718, "activity_lines": [ 9.187107, 9.128393, 9.038578, 8.864132 ] }, { "date": "2024-05-31", "close": 9.1064, "volume": 16080, "typical_volume": 48933.6, "trend": 8.63836, "fair_value": 7.647518, "relative_strength": -0.218664, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.701082, "energy": 53.215547, "activity_lines": [ 9.175947, 9.126716, 9.057842, 8.897439 ] }, { "date": "2024-06-07", "close": 9.4052, "volume": 71849, "typical_volume": 49880.7, "trend": 8.694547, "fair_value": 7.664258, "relative_strength": 2.577411, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.176518, "energy": 60.614483, "activity_lines": [ 9.259387, 9.180262, 9.101371, 8.946913 ] }, { "date": "2024-06-14", "close": 9.614, "volume": 59469, "typical_volume": 50564.85, "trend": 8.754953, "fair_value": 7.682652, "relative_strength": 7.794339, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.768813, "energy": 76.962873, "activity_lines": [ 9.38492, 9.26792, 9.159649, 9.006232 ] }, { "date": "2024-06-21", "close": 9.7094, "volume": 73542, "typical_volume": 51379.35, "trend": 8.81674, "fair_value": 7.701593, "relative_strength": 7.639328, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.106656, "energy": 88.940838, "activity_lines": [ 9.51308, 9.3632, 9.221774, 9.067809 ] }, { "date": "2024-06-28", "close": 9.7428, "volume": 35473, "typical_volume": 49484.35, "trend": 8.876847, "fair_value": 7.720494, "relative_strength": 7.325706, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.578235, "energy": 91.828909, "activity_lines": [ 9.620693, 9.454655, 9.282079, 9.127555 ] }, { "date": "2024-07-05", "close": 9.7266, "volume": 72270, "typical_volume": 51387.65, "trend": 8.932707, "fair_value": 7.738898, "relative_strength": 5.583542, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.719536, "energy": 89.421116, "activity_lines": [ 9.69104, 9.527178, 9.33623, 9.182378 ] }, { "date": "2024-07-12", "close": 9.8068, "volume": 120723, "typical_volume": 55614.4, "trend": 8.987407, "fair_value": 7.757697, "relative_strength": 4.684458, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.32361, "energy": 90.573622, "activity_lines": [ 9.746773, 9.601644, 9.393704, 9.238771 ] }, { "date": "2024-07-19", "close": 9.6146, "volume": 63466, "typical_volume": 56504.15, "trend": 9.036067, "fair_value": 7.774426, "relative_strength": 5.665997, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.341422, "energy": 74.321874, "activity_lines": [ 9.711667, 9.62636, 9.428519, 9.279235 ] }, { "date": "2024-07-26", "close": 9.5288, "volume": 114581, "typical_volume": 59850.4, "trend": 9.081313, "fair_value": 7.79009, "relative_strength": 3.153702, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.284996, "energy": 56.452797, "activity_lines": [ 9.64792, 9.627509, 9.451882, 9.311025 ] }, { "date": "2024-08-02", "close": 9.2446, "volume": 42904, "typical_volume": 56287.9, "trend": 9.119393, "fair_value": 7.802962, "relative_strength": 4.198531, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.122837, "energy": 25.525921, "activity_lines": [ 9.50148, 9.571629, 9.445206, 9.321559 ] }, { "date": "2024-08-09", "close": 9.2646, "volume": 214110, "typical_volume": 66014.45, "trend": 9.154007, "fair_value": 7.815783, "relative_strength": 3.899156, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.159228, "energy": 23.727819, "activity_lines": [ 9.39492, 9.519753, 9.438713, 9.330927 ] }, { "date": "2024-08-16", "close": 9.5758, "volume": 45061, "typical_volume": 65548.45, "trend": 9.19566, "fair_value": 7.831088, "relative_strength": 3.72087, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.630841, "energy": 25.405881, "activity_lines": [ 9.422893, 9.521582, 9.46134, 9.35814 ] }, { "date": "2024-08-23", "close": 9.5616, "volume": 43099, "typical_volume": 64075.2, "trend": 9.230573, "fair_value": 7.846006, "relative_strength": 1.745456, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.528209, "energy": 22.037425, "activity_lines": [ 9.461533, 9.517727, 9.480793, 9.381749 ] }, { "date": "2024-08-30", "close": 9.6252, "volume": 103476, "typical_volume": 66030.5, "trend": 9.26278, "fair_value": 7.861213, "relative_strength": 0.88856, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.400674, "energy": 23.520235, "activity_lines": [ 9.524907, 9.526389, 9.504007, 9.407209 ] }, { "date": "2024-09-06", "close": 9.2998, "volume": 84679, "typical_volume": 68386.55, "trend": 9.280287, "fair_value": 7.873404, "relative_strength": 0.661756, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.036603, "energy": 12.098958, "activity_lines": [ 9.473387, 9.477418, 9.494038, 9.409597 ] }, { "date": "2024-09-13", "close": 9.661, "volume": 72294, "typical_volume": 69288.85, "trend": 9.308313, "fair_value": 7.888426, "relative_strength": 2.263307, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.439519, "energy": 26.074698, "activity_lines": [ 9.538587, 9.502175, 9.516392, 9.434159 ] }, { "date": "2024-09-20", "close": 9.7096, "volume": 96624, "typical_volume": 73067.6, "trend": 9.335547, "fair_value": 7.903602, "relative_strength": 2.56733, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.451691, "energy": 29.934319, "activity_lines": [ 9.59356, 9.53696, 9.540377, 9.460049 ] }, { "date": "2024-09-27", "close": 9.8018, "volume": 128928, "typical_volume": 75951.35, "trend": 9.364753, "fair_value": 7.91929, "relative_strength": -0.484912, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 63.512542, "energy": 45.472487, "activity_lines": [ 9.670347, 9.590276, 9.569729, 9.490129 ] }, { "date": "2024-10-04", "close": 9.9128, "volume": 106228, "typical_volume": 80331.05, "trend": 9.39836, "fair_value": 7.93563, "relative_strength": 2.424742, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.209434, "energy": 64.32685, "activity_lines": [ 9.76812, 9.660371, 9.606673, 9.525487 ] }, { "date": "2024-10-11", "close": 10.1055, "volume": 150101, "typical_volume": 85747.85, "trend": 9.439103, "fair_value": 7.953272, "relative_strength": 3.013217, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.762153, "energy": 74.187458, "activity_lines": [ 9.910953, 9.75852, 9.658739, 9.571109 ] }, { "date": "2024-10-18", "close": 10.276, "volume": 172957, "typical_volume": 93591.7, "trend": 9.47645, "fair_value": 7.972003, "relative_strength": 3.184499, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.743814, "energy": 82.791024, "activity_lines": [ 10.056907, 9.872016, 9.72304, 9.625103 ] }, { "date": "2024-10-25", "close": 10.283, "volume": 87171, "typical_volume": 94357.8, "trend": 9.51277, "fair_value": 7.990491, "relative_strength": 4.175461, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.920887, "energy": 85.246798, "activity_lines": [ 10.164193, 9.968396, 9.782437, 9.677138 ] }, { "date": "2024-11-01", "close": 10.106, "volume": 159319, "typical_volume": 99350.3, "trend": 9.546997, "fair_value": 8.007281, "relative_strength": 3.410945, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.487022, "energy": 81.307131, "activity_lines": [ 10.174253, 10.019736, 9.820798, 9.715411 ] }, { "date": "2024-11-08", "close": 10.648, "volume": 189244, "typical_volume": 105135.4, "trend": 9.59643, "fair_value": 8.028074, "relative_strength": 8.985153, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.046429, "energy": 91.977364, "activity_lines": [ 10.3447, 10.159724, 9.908434, 9.786443 ] }, { "date": "2024-11-15", "close": 10.6165, "volume": 151690, "typical_volume": 110946.25, "trend": 9.65486, "fair_value": 8.048296, "relative_strength": 8.432658, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.429714, "energy": 90.336171, "activity_lines": [ 10.455633, 10.275387, 9.988601, 9.852254 ] }, { "date": "2024-11-22", "close": 10.9155, "volume": 200337, "typical_volume": 117349.6, "trend": 9.717663, "fair_value": 8.070522, "relative_strength": 10.529521, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.869449, "energy": 92.066327, "activity_lines": [ 10.632167, 10.421475, 10.093084, 9.933586 ] }, { "date": "2024-11-29", "close": 10.8955, "volume": 146140, "typical_volume": 118620.45, "trend": 9.781093, "fair_value": 8.092253, "relative_strength": 8.329712, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.391347, "energy": 90.856082, "activity_lines": [ 10.7594, 10.541116, 10.190001, 10.009575 ] }, { "date": "2024-12-06", "close": 10.9855, "volume": 185010, "typical_volume": 124697.65, "trend": 9.841397, "fair_value": 8.114339, "relative_strength": 4.931703, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.231795, "energy": 90.927765, "activity_lines": [ 10.8758, 10.65556, 10.290305, 10.087279 ] }, { "date": "2024-12-13", "close": 10.998, "volume": 134506, "typical_volume": 125693.9, "trend": 9.90019, "fair_value": 8.136185, "relative_strength": 4.739444, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.592772, "energy": 89.771354, "activity_lines": [ 10.937733, 10.750755, 10.385271, 10.161899 ] }, { "date": "2024-12-20", "close": 10.907, "volume": 397474, "typical_volume": 143422.4, "trend": 9.95493, "fair_value": 8.157018, "relative_strength": 6.355268, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.632061, "energy": 78.007153, "activity_lines": [ 10.946, 10.809673, 10.464574, 10.226854 ] }, { "date": "2024-12-27", "close": 10.9205, "volume": 93607, "typical_volume": 137397.25, "trend": 10.0154, "fair_value": 8.177641, "relative_strength": 5.725105, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.522419, "energy": 64.605455, "activity_lines": [ 10.9394, 10.856473, 10.537247, 10.289149 ] }, { "date": "2025-01-03", "close": 10.986, "volume": 110761, "typical_volume": 140682.25, "trend": 10.068093, "fair_value": 8.198444, "relative_strength": 6.525052, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.65397, "energy": 63.609016, "activity_lines": [ 10.9543, 10.903464, 10.608273, 10.351768 ] }, { "date": "2025-01-10", "close": 10.843, "volume": 261016, "typical_volume": 151578.1, "trend": 10.10906, "fair_value": 8.217889, "relative_strength": 3.364269, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.367834, "energy": 56.002119, "activity_lines": [ 10.9155, 10.911673, 10.658964, 10.401762 ] }, { "date": "2025-01-17", "close": 11.13, "volume": 150136, "typical_volume": 153911.1, "trend": 10.156413, "fair_value": 8.239145, "relative_strength": 2.492931, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.234117, "energy": 60.096991, "activity_lines": [ 10.981867, 10.958664, 10.730887, 10.467629 ] }, { "date": "2025-01-24", "close": 11.1155, "volume": 262751, "typical_volume": 162814.7, "trend": 10.20217, "fair_value": 8.259988, "relative_strength": -0.057237, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.59039, "energy": 57.90304, "activity_lines": [ 11.0346, 10.994255, 10.794263, 10.529506 ] }, { "date": "2025-01-31", "close": 11.227, "volume": 515558, "typical_volume": 184977.9, "trend": 10.252183, "fair_value": 8.281334, "relative_strength": -0.638259, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.221399, "energy": 58.719646, "activity_lines": [ 11.1106, 11.041045, 10.859612, 10.595624 ] }, { "date": "2025-02-07", "close": 11.1615, "volume": 379514, "typical_volume": 199122.4, "trend": 10.29734, "fair_value": 8.301906, "relative_strength": -1.444877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.92615, "energy": 60.589227, "activity_lines": [ 11.144333, 11.070264, 10.911266, 10.65429 ] }, { "date": "2025-02-14", "close": 11.1215, "volume": 191265, "typical_volume": 202239.25, "trend": 10.34757, "fair_value": 8.321904, "relative_strength": -4.891785, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.030402, "energy": 56.842827, "activity_lines": [ 11.153033, 11.087373, 10.952197, 10.707461 ] }, { "date": "2025-02-21", "close": 11.122, "volume": 112150, "typical_volume": 202535.35, "trend": 10.400677, "fair_value": 8.341623, "relative_strength": -3.8828, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.34785, "energy": 54.775509, "activity_lines": [ 11.143333, 11.1021, 10.98689, 10.757425 ] }, { "date": "2025-02-28", "close": 10.818, "volume": 476154, "typical_volume": 218838.0, "trend": 10.453123, "fair_value": 8.35894, "relative_strength": -7.523159, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.510803, "energy": 33.459001, "activity_lines": [ 11.032833, 11.0593, 10.986874, 10.784349 ] }, { "date": "2025-03-07", "close": 10.0225, "volume": 337987, "typical_volume": 227089.5, "trend": 10.478387, "fair_value": 8.370492, "relative_strength": -15.826498, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -18.500379, "energy": 26.14528, "activity_lines": [ 10.677, 10.873482, 10.907702, 10.756566 ] }, { "date": "2025-03-14", "close": 9.8772, "volume": 596647, "typical_volume": 252563.3, "trend": 10.488433, "fair_value": 8.380883, "relative_strength": -16.76417, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.485292, "energy": 50.826706, "activity_lines": [ 10.353033, 10.677573, 10.8159, 10.71778 ] }, { "date": "2025-03-21", "close": 9.9748, "volume": 358879, "typical_volume": 262541.3, "trend": 10.502207, "fair_value": 8.391801, "relative_strength": -15.380652, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.93737, "energy": 61.328121, "activity_lines": [ 10.14722, 10.519569, 10.735325, 10.684643 ] }, { "date": "2025-03-28", "close": 9.8796, "volume": 317457, "typical_volume": 268951.95, "trend": 10.510687, "fair_value": 8.401922, "relative_strength": -14.40002, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.077948, "energy": 74.584342, "activity_lines": [ 9.98612, 10.360042, 10.646309, 10.644474 ] }, { "date": "2025-04-04", "close": 9.018, "volume": 604906, "typical_volume": 291612.75, "trend": 10.501293, "fair_value": 8.406084, "relative_strength": -14.776881, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -66.344749, "energy": 87.19096, "activity_lines": [ 9.620647, 10.066595, 10.478894, 10.548172 ] }, { "date": "2025-04-11", "close": 8.8644, "volume": 726408, "typical_volume": 317916.3, "trend": 10.47474, "fair_value": 8.40916, "relative_strength": -14.885214, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -89.377243, "energy": 94.487977, "activity_lines": [ 9.323973, 9.783356, 10.304462, 10.442566 ] }, { "date": "2025-04-18", "close": 8.904, "volume": 444113, "typical_volume": 332814.95, "trend": 10.447887, "fair_value": 8.412459, "relative_strength": -17.610924, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.254002, "energy": 90.839767, "activity_lines": [ 9.117707, 9.550275, 10.14357, 10.341228 ] }, { "date": "2025-04-25", "close": 9.2252, "volume": 174340, "typical_volume": 332281.45, "trend": 10.428667, "fair_value": 8.417842, "relative_strength": -18.362763, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.721039, "energy": 80.491656, "activity_lines": [ 9.083387, 9.416638, 10.02275, 10.262345 ] }, { "date": "2025-05-02", "close": 9.5802, "volume": 413382, "typical_volume": 346225.25, "trend": 10.41758, "fair_value": 8.425489, "relative_strength": -18.05898, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.984895, "energy": 61.748026, "activity_lines": [ 9.217373, 9.382025, 9.944123, 10.207605 ] }, { "date": "2025-05-09", "close": 9.6354, "volume": 235185, "typical_volume": 338110.8, "trend": 10.40191, "fair_value": 8.433397, "relative_strength": -18.791144, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.876496, "energy": 45.981712, "activity_lines": [ 9.38972, 9.385482, 9.877505, 10.157142 ] }, { "date": "2025-05-16", "close": 10.1915, "volume": 160075, "typical_volume": 341434.2, "trend": 10.399093, "fair_value": 8.444813, "relative_strength": -14.862768, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.159247, "energy": 24.540079, "activity_lines": [ 9.706273, 9.511549, 9.869903, 10.143567 ] }, { "date": "2025-05-23", "close": 9.8026, "volume": 266299, "typical_volume": 349211.1, "trend": 10.38308, "fair_value": 8.453573, "relative_strength": -17.379006, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.848004, "energy": 26.965692, "activity_lines": [ 9.80472, 9.563835, 9.828735, 10.105084 ] }, { "date": "2025-05-30", "close": 9.957, "volume": 90938, "typical_volume": 340707.2, "trend": 10.378113, "fair_value": 8.46321, "relative_strength": -17.11863, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.802446, "energy": 25.405386, "activity_lines": [ 9.894727, 9.645549, 9.807907, 10.077595 ] }, { "date": "2025-06-06", "close": 10.081, "volume": 131913, "typical_volume": 339796.05, "trend": 10.359213, "fair_value": 8.481649, "relative_strength": -16.852362, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.317787, "energy": 23.752787, "activity_lines": [ 9.97728, 9.750133, 9.803108, 10.058426 ] }, { "date": "2025-06-13", "close": 9.9644, "volume": 418448, "typical_volume": 347580.9, "trend": 10.337477, "fair_value": 8.50396, "relative_strength": -14.696511, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.439202, "energy": 15.094235, "activity_lines": [ 9.98758, 9.829855, 9.792199, 10.032954 ] }, { "date": "2025-06-20", "close": 9.9582, "volume": 183123, "typical_volume": 330959.15, "trend": 10.305567, "fair_value": 8.524204, "relative_strength": -13.78392, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.260796, "energy": 13.778515, "activity_lines": [ 9.97388, 9.891242, 9.78618, 10.008485 ] }, { "date": "2025-06-27", "close": 10.119, "volume": 311742, "typical_volume": 327570.55, "trend": 10.279683, "fair_value": 8.545954, "relative_strength": -14.503897, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.977438, "energy": 11.75821, "activity_lines": [ 10.029333, 9.961978, 9.801519, 9.996448 ] }, { "date": "2025-07-04", "close": 10.167, "volume": 82452, "typical_volume": 322129.9, "trend": 10.2524, "fair_value": 8.565563, "relative_strength": -12.873813, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.39686, "energy": 12.875721, "activity_lines": [ 10.079693, 10.019351, 9.826392, 9.989178 ] }, { "date": "2025-07-11", "close": 10.269, "volume": 91112, "typical_volume": 321078.0, "trend": 10.2281, "fair_value": 8.586076, "relative_strength": -13.358506, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.566536, "energy": 34.426384, "activity_lines": [ 10.150053, 10.078145, 9.865526, 9.990249 ] }, { "date": "2025-07-18", "close": 10.373, "volume": 151661, "typical_volume": 304853.35, "trend": 10.2103, "fair_value": 8.606493, "relative_strength": -12.251906, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.195181, "energy": 51.005947, "activity_lines": [ 10.242547, 10.143325, 9.918626, 9.999598 ] }, { "date": "2025-07-25", "close": 10.4385, "volume": 78495, "typical_volume": 291878.75, "trend": 10.194233, "fair_value": 8.625778, "relative_strength": -11.13206, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.038532, "energy": 59.314866, "activity_lines": [ 10.329633, 10.207004, 9.980083, 10.01432 ] }, { "date": "2025-08-01", "close": 10.355, "volume": 234292, "typical_volume": 273761.0, "trend": 10.1732, "fair_value": 8.644067, "relative_strength": -8.569114, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.708214, "energy": 56.286261, "activity_lines": [ 10.356867, 10.251009, 10.031607, 10.024692 ] }, { "date": "2025-08-08", "close": 10.4925, "volume": 118835, "typical_volume": 261758.8, "trend": 10.161517, "fair_value": 8.662185, "relative_strength": -9.863074, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.145346, "energy": 59.570851, "activity_lines": [ 10.4142, 10.309971, 10.09395, 10.045292 ] }, { "date": "2025-08-15", "close": 10.5855, "volume": 252714, "typical_volume": 258521.65, "trend": 10.143367, "fair_value": 8.680086, "relative_strength": -9.479247, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.48801, "energy": 67.263636, "activity_lines": [ 10.480833, 10.376105, 10.162686, 10.072646 ] }, { "date": "2025-08-22", "close": 10.6185, "volume": 92215, "typical_volume": 232887.1, "trend": 10.1268, "fair_value": 8.699247, "relative_strength": -8.92914, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.903658, "energy": 70.833748, "activity_lines": [ 10.537367, 10.439067, 10.231203, 10.1033 ] }, { "date": "2025-08-29", "close": 10.603, "volume": 223069, "typical_volume": 207720.15, "trend": 10.106, "fair_value": 8.719676, "relative_strength": -7.064077, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 69.68279, "energy": 83.042999, "activity_lines": [ 10.572367, 10.487318, 10.290623, 10.134022 ] }, { "date": "2025-09-05", "close": 10.5915, "volume": 164876, "typical_volume": 193758.3, "trend": 10.087, "fair_value": 8.73955, "relative_strength": -5.738898, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.45538, "energy": 79.691331, "activity_lines": [ 10.592567, 10.521755, 10.340668, 10.165345 ] }, { "date": "2025-09-12", "close": 10.8045, "volume": 69207, "typical_volume": 188501.65, "trend": 10.076433, "fair_value": 8.763111, "relative_strength": -4.018376, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.933542, "energy": 85.863116, "activity_lines": [ 10.668, 10.586327, 10.402963, 10.211635 ] }, { "date": "2025-09-19", "close": 10.8655, "volume": 115128, "typical_volume": 173588.95, "trend": 10.067883, "fair_value": 8.787636, "relative_strength": -3.004796, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.53904, "energy": 82.245699, "activity_lines": [ 10.742967, 10.6504, 10.463548, 10.262543 ] }, { "date": "2025-09-26", "close": 10.8885, "volume": 115974, "typical_volume": 167628.4, "trend": 10.070233, "fair_value": 8.812956, "relative_strength": -3.033389, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.095179, "energy": 80.191162, "activity_lines": [ 10.806933, 10.707809, 10.520202, 10.315486 ] }, { "date": "2025-10-03", "close": 11.0475, "volume": 206006, "typical_volume": 169924.95, "trend": 10.1044, "fair_value": 8.839177, "relative_strength": -3.94261, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.704488, "energy": 87.798932, "activity_lines": [ 10.9059, 10.784755, 10.586032, 10.378535 ] }, { "date": "2025-10-10", "close": 10.966, "volume": 312902, "typical_volume": 172255.1, "trend": 10.140693, "fair_value": 8.865237, "relative_strength": -3.839638, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.024765, "energy": 73.739645, "activity_lines": [ 10.948067, 10.835809, 10.640024, 10.434122 ] }, { "date": "2025-10-17", "close": 10.8965, "volume": 251113, "typical_volume": 180263.85, "trend": 10.171417, "fair_value": 8.890212, "relative_strength": -2.542277, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.870762, "energy": 61.83915, "activity_lines": [ 10.9421, 10.863118, 10.681857, 10.482884 ] }, { "date": "2025-10-24", "close": 13.0675, "volume": 107501, "typical_volume": 179043.25, "trend": 10.27768, "fair_value": 8.927764, "relative_strength": 14.852773, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.59232, "energy": 86.21971, "activity_lines": [ 11.653667, 11.277809, 10.925978, 10.669728 ] }, { "date": "2025-10-31", "close": 11.4165, "volume": 139654, "typical_volume": 165103.55, "trend": 10.35763, "fair_value": 8.956171, "relative_strength": 1.722616, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.046501, "energy": 62.104087, "activity_lines": [ 11.6681, 11.347191, 10.998639, 10.7432 ] }, { "date": "2025-11-07", "close": 11.052, "volume": 211248, "typical_volume": 166509.8, "trend": 10.43055, "fair_value": 8.981396, "relative_strength": 0.448824, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.118653, "energy": 55.456696, "activity_lines": [ 11.525833, 11.335791, 11.029671, 10.787998 ] }, { "date": "2025-11-14", "close": 11.1985, "volume": 250646, "typical_volume": 163455.0, "trend": 10.507033, "fair_value": 9.007597, "relative_strength": 0.820693, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.22094, "energy": 50.462375, "activity_lines": [ 11.4321, 11.342864, 11.069448, 10.837544 ] }, { "date": "2025-11-21", "close": 11.014, "volume": 176431, "typical_volume": 168153.95, "trend": 10.56666, "fair_value": 9.032033, "relative_strength": 2.903266, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.242398, "energy": 20.433855, "activity_lines": [ 11.261367, 11.305355, 11.086512, 10.870251 ] }, { "date": "2025-11-28", "close": 11.3645, "volume": 218906, "typical_volume": 174543.65, "trend": 10.626137, "fair_value": 9.058892, "relative_strength": 3.195409, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.321831, "energy": 22.153227, "activity_lines": [ 11.199633, 11.327764, 11.132924, 10.921725 ] }, { "date": "2025-12-05", "close": 11.3765, "volume": 176569, "typical_volume": 175789.05, "trend": 10.684173, "fair_value": 9.086917, "relative_strength": 2.761637, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.623698, "energy": 20.610766, "activity_lines": [ 11.255433, 11.343282, 11.175262, 10.970135 ] }, { "date": "2025-12-12", "close": 11.1915, "volume": 161011, "typical_volume": 179914.85, "trend": 10.717507, "fair_value": 9.115369, "relative_strength": 0.749345, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.169077, "energy": 19.074706, "activity_lines": [ 11.252233, 11.316291, 11.195202, 11.002866 ] }, { "date": "2025-12-19", "close": 11.242, "volume": 274668, "typical_volume": 181933.65, "trend": 10.765487, "fair_value": 9.144403, "relative_strength": 1.142081, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.463686, "energy": 21.046632, "activity_lines": [ 11.256567, 11.295864, 11.216367, 11.036704 ] }, { "date": "2025-12-26", "close": 11.2885, "volume": 65105, "typical_volume": 179247.15, "trend": 10.80987, "fair_value": 9.174009, "relative_strength": 1.698182, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.419641, "energy": 20.55163, "activity_lines": [ 11.2735, 11.278873, 11.237736, 11.070447 ] }, { "date": "2026-01-02", "close": 11.2415, "volume": 71431, "typical_volume": 170183.0, "trend": 10.848553, "fair_value": 9.202517, "relative_strength": 0.851199, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.390268, "energy": 16.282098, "activity_lines": [ 11.256467, 11.246209, 11.250838, 11.098294 ] }, { "date": "2026-01-09", "close": 11.526, "volume": 204780, "typical_volume": 175811.25, "trend": 10.900607, "fair_value": 9.232546, "relative_strength": 0.788843, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.991302, "energy": 26.661023, "activity_lines": [ 11.342467, 11.298473, 11.287912, 11.142 ] }, { "date": "2026-01-16", "close": 11.562, "volume": 240691, "typical_volume": 176692.35, "trend": 10.954067, "fair_value": 9.263321, "relative_strength": 1.286234, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.350555, "energy": 30.397667, "activity_lines": [ 11.4305, 11.355291, 11.324093, 11.184671 ] }, { "date": "2026-01-23", "close": 11.3485, "volume": 258311, "typical_volume": 181364.1, "trend": 10.99505, "fair_value": 9.291329, "relative_strength": 1.273934, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 49.85432, "energy": 38.538493, "activity_lines": [ 11.422667, 11.364018, 11.335374, 11.210118 ] }, { "date": "2026-01-30", "close": 11.2735, "volume": 296884, "typical_volume": 192747.95, "trend": 11.031933, "fair_value": 9.317512, "relative_strength": 2.33849, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 51.438379, "energy": 46.129119, "activity_lines": [ 11.382733, 11.356382, 11.335907, 11.228083 ] }, { "date": "2026-02-06", "close": 11.2635, "volume": 540381, "typical_volume": 214010.6, "trend": 11.065083, "fair_value": 9.34406, "relative_strength": 1.739322, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 35.99716, "energy": 21.738943, "activity_lines": [ 11.340467, 11.342209, 11.333255, 11.243023 ] }, { "date": "2026-02-13", "close": 11.145, "volume": 565507, "typical_volume": 236487.25, "trend": 11.090817, "fair_value": 9.370069, "relative_strength": 0.08803, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.078489, "energy": 9.97163, "activity_lines": [ 11.257233, 11.308327, 11.317421, 11.248178 ] }, { "date": "2026-02-20", "close": 11.2925, "volume": 421342, "typical_volume": 247254.05, "trend": 11.119283, "fair_value": 9.397598, "relative_strength": 0.248597, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.051462, "energy": 13.896783, "activity_lines": [ 11.248567, 11.305473, 11.314414, 11.26119 ] }, { "date": "2026-02-27", "close": 11.2285, "volume": 185757, "typical_volume": 240896.8, "trend": 11.1484, "fair_value": 9.424267, "relative_strength": -0.2593, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.193121, "energy": 12.874616, "activity_lines": [ 11.236533, 11.289145, 11.304145, 11.268237 ] }, { "date": "2026-03-06", "close": 11.3755, "volume": 232738, "typical_volume": 239978.05, "trend": 11.177833, "fair_value": 9.453039, "relative_strength": 8.081459, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.125474, "energy": 11.633646, "activity_lines": [ 11.2815, 11.299791, 11.306626, 11.282888 ] }, { "date": "2026-03-13", "close": 11.2445, "volume": 189477, "typical_volume": 244076.85, "trend": 11.1998, "fair_value": 9.481095, "relative_strength": 7.261147, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.475829, "energy": 5.0752, "activity_lines": [ 11.276, 11.285036, 11.29435, 11.287189 ] }, { "date": "2026-03-20", "close": 10.951, "volume": 109055, "typical_volume": 242546.9, "trend": 11.210883, "fair_value": 9.507418, "relative_strength": 9.190605, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.640003, "energy": 28.114465, "activity_lines": [ 11.173933, 11.216864, 11.262802, 11.271138 ] }, { "date": "2026-03-27", "close": 10.7585, "volume": 186859, "typical_volume": 241327.45, "trend": 11.216067, "fair_value": 9.531379, "relative_strength": 7.456979, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -47.530385, "energy": 52.420971, "activity_lines": [ 11.020633, 11.124145, 11.215138, 11.241952 ] }, { "date": "2026-04-03", "close": 11.005, "volume": 267780, "typical_volume": 242184.15, "trend": 11.22985, "fair_value": 9.55711, "relative_strength": 5.631565, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.570124, "energy": 61.212087, "activity_lines": [ 10.9851, 11.090855, 11.192348, 11.228334 ] }, { "date": "2026-04-10", "close": 11.2595, "volume": 218032, "typical_volume": 244264.2, "trend": 11.245017, "fair_value": 9.584241, "relative_strength": 5.017083, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.623931, "energy": 52.142234, "activity_lines": [ 11.0493, 11.110082, 11.194717, 11.230247 ] }, { "date": "2026-04-17", "close": 11.686, "volume": 329501, "typical_volume": 249793.95, "trend": 11.272367, "fair_value": 9.614112, "relative_strength": 4.793471, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -4.626876, "energy": 4.202711, "activity_lines": [ 11.2634, 11.207109, 11.236536, 11.258698 ] }, { "date": "2026-04-24", "close": 11.7945, "volume": 132543, "typical_volume": 247592.65, "trend": 11.302567, "fair_value": 9.644634, "relative_strength": 7.938744, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 36.349369, "energy": 35.22308, "activity_lines": [ 11.484233, 11.316182, 11.287157, 11.292384 ] }, { "date": "2026-05-01", "close": 11.819, "volume": 194041, "typical_volume": 249244.15, "trend": 11.328283, "fair_value": 9.675558, "relative_strength": 7.109906, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.45211, "energy": 59.54601, "activity_lines": [ 11.657, 11.4179, 11.338121, 11.325702 ] }, { "date": "2026-05-08", "close": 12.1445, "volume": 274233, "typical_volume": 249222.4, "trend": 11.367567, "fair_value": 9.707954, "relative_strength": 9.438477, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 86.175377, "energy": 88.461086, "activity_lines": [ 11.867567, 11.569227, 11.417098, 11.378361 ] }, { "date": "2026-05-15", "close": 12.3755, "volume": 187266, "typical_volume": 255330.45, "trend": 11.416867, "fair_value": 9.740824, "relative_strength": 12.908371, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.373364, "energy": 94.673828, "activity_lines": [ 12.079167, 11.7459, 11.513776, 11.443389 ] }, { "date": "2026-05-22", "close": 12.5035, "volume": 274757, "typical_volume": 265496.75, "trend": 11.398067, "fair_value": 9.77396, "relative_strength": 9.374604, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.104356, "energy": 94.618294, "activity_lines": [ 12.259033, 11.927664, 11.617469, 11.513495 ] }, { "date": "2026-05-29", "close": 12.5775, "volume": 286826, "typical_volume": 269599.05, "trend": 11.436767, "fair_value": 9.806713, "relative_strength": 8.682981, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.929902, "energy": 93.412355, "activity_lines": [ 12.409067, 12.099991, 11.7222, 11.589587 ] }, { "date": "2026-06-05", "close": 12.568, "volume": 87322, "typical_volume": 261930.6, "trend": 11.4873, "fair_value": 9.839256, "relative_strength": 9.692202, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.41771, "energy": 90.767787, "activity_lines": [ 12.503733, 12.241018, 11.821019, 11.66257 ] }, { "date": "2026-06-12", "close": 12.453, "volume": 67690, "typical_volume": 252399.55, "trend": 11.529117, "fair_value": 9.870443, "relative_strength": 8.864537, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.104857, "energy": 86.43036, "activity_lines": [ 12.510133, 12.328236, 11.904095, 11.724873 ] }, { "date": "2026-06-19", "close": 12.658, "volume": 40065, "typical_volume": 239558.6, "trend": 11.583917, "fair_value": 9.903575, "relative_strength": 8.743345, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.698128, "energy": 85.895988, "activity_lines": [ 12.5643, 12.4264, 12.001436, 11.797704 ] }, { "date": "2026-06-26", "close": 12.538, "volume": 89746, "typical_volume": 217026.85, "trend": 11.623033, "fair_value": 9.935065, "relative_strength": 8.694879, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.981241, "energy": 65.71035, "activity_lines": [ 12.559633, 12.477318, 12.080755, 11.859258 ] }, { "date": "2026-07-03", "close": 12.711, "volume": 24618, "typical_volume": 189982.4, "trend": 11.667517, "fair_value": 9.968102, "relative_strength": 5.174047, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.748605, "energy": 68.260883, "activity_lines": [ 12.610333, 12.5442, 12.170481, 11.929449 ] }, { "date": "2026-07-10", "close": 12.8015, "volume": 355011, "typical_volume": 186665.85, "trend": 11.721183, "fair_value": 10.001814, "relative_strength": 8.543627, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.387989, "energy": 73.805578, "activity_lines": [ 12.6823, 12.610873, 12.261369, 12.00261 ] }, { "date": "2026-07-17", "close": 12.6535, "volume": 525994, "typical_volume": 203677.7, "trend": 11.768233, "fair_value": 10.033704, "relative_strength": 7.944786, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.493779, "energy": 66.038818, "activity_lines": [ 12.689367, 12.632773, 12.330976, 12.062759 ] }, { "date": "2026-07-24", "close": 12.681, "volume": 274072, "typical_volume": 205744.4, "trend": 11.81465, "fair_value": 10.064974, "relative_strength": 6.701636, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.22023, "energy": 64.084391, "activity_lines": [ 12.692233, 12.650418, 12.396417, 12.121647 ] }, { "date": "2026-07-31", "close": 12.5325, "volume": 237578, "typical_volume": 208149.45, "trend": 11.857683, "fair_value": 10.095991, "relative_strength": 3.073838, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.592448, "energy": 57.951396, "activity_lines": [ 12.644067, 12.635509, 12.441498, 12.16796 ] }, { "date": "2026-08-07", "close": 13.0085, "volume": 276071, "typical_volume": 216500.25, "trend": 11.9071, "fair_value": 10.130447, "relative_strength": 3.930175, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.862155, "energy": 65.726896, "activity_lines": [ 12.754933, 12.706618, 12.525779, 12.242206 ] } ], "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." } } }