{ "ticker": { "uuid": "54471699-267b-4cd5-be0d-6c2e610ae2f3", "symbol": "USTEC", "name": "UBS MSCI USA Tech 125 Universal UCITS ETF USD acc", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "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": 77.912, "architecture_energy": 51.485, "architecture_maturity": 68.397, "architecture_confidence": 58.516, "architecture_tenure": "Developing", "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": 39.15, "rotation_up": 49.43, "upward_expansion": 78.26, "deceleration": 70.92, "rotation_down": 26.96, "downward_expansion": 7.26 }, "activity_lines": [ 18.861466, 18.734618, 18.5262, 18.041849 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 19.493999, "trend_reference": 17.449333, "distance_from_trend": 0.117177, "trend_direction": "Improving", "fair_value": 15.794196, "distance_from_fair_value": 0.234251, "fair_value_direction": "Improving", "relative_strength": -1.817303, "relative_strength_direction": "Improving", "price_momentum": 0.213068, "excess_performance": 0.042176, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.117177, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.036052, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.234251, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.09536, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.018173, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.021661, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.213068, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.318576, "read": "Demand-led" } ], "volume": { "latest": 7686, "relative_activity": 1.155998, "balance": 1.318576, "dry_up": 3.081722, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.031592, "annualized_volatility": 0.196553, "from_high_reference": 0.0, "from_low_reference": 0.272122 }, "levels": { "trend_reference": 17.449333, "fair_value_reference": 15.794196, "structural_low": 15.594, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 2, "median_return": -0.010181, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.034742, "regime_survival": 1.0, "best_return": -0.008015, "worst_return": -0.012348, "sufficient": false }, { "horizon": "Intermediate", "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 }, { "horizon": "Extended", "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 }, { "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": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-06", "end": "2026-03-20", "tenure": "New", "return": 0.008003, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-04-10", "tenure": "New", "return": 0.006079, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-17", "end": "2026-05-15", "tenure": "Developing", "return": 0.126903, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-22", "end": "2026-08-07", "tenure": "Developing", "return": 0.028707, "active": true } ], "chart_path": [ { "date": "2024-08-30", "close": 13.274, "volume": 705, "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": 13.108, "volume": 6655, "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": "2024-09-13", "close": 13.308, "volume": 1900, "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": "2024-09-20", "close": 13.406, "volume": 18555, "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": "2024-09-27", "close": 13.572, "volume": 12953, "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": "2024-10-04", "close": 13.636, "volume": 654, "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": "2024-10-11", "close": 14.046, "volume": 10205, "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": "2024-10-18", "close": 14.382, "volume": 15262, "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": "2024-10-25", "close": 14.546, "volume": 2975, "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": "2024-11-01", "close": 14.194, "volume": 15944, "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": "2024-11-08", "close": 15.088, "volume": 1575, "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": "2024-11-15", "close": 15.312, "volume": 4108, "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": "2024-11-22", "close": 15.364, "volume": 786, "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": "2024-11-29", "close": 15.216, "volume": 3474, "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": "2024-12-06", "close": 15.724, "volume": 1923, "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": "2024-12-13", "close": 15.8, "volume": 7130, "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": "2024-12-20", "close": 15.866, "volume": 5461, "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": "2024-12-27", "close": 15.902, "volume": 10290, "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": "2025-01-03", "close": 15.902, "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": "2025-01-10", "close": 15.942, "volume": 3883, "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": "2025-01-17", "close": 16.038, "volume": 2253, "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": "2025-01-24", "close": 16.222, "volume": 6213, "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": "2025-01-31", "close": 16.025999, "volume": 14041, "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": "2025-02-07", "close": 15.74, "volume": 9980, "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": "2025-02-14", "close": 15.938, "volume": 2218, "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": "2025-02-21", "close": 15.918, "volume": 16433, "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": "2025-02-28", "close": 14.98, "volume": 5172, "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": "2025-03-07", "close": 14.334, "volume": 16058, "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": "2025-03-14", "close": 13.56, "volume": 2355, "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": "2025-03-21", "close": 13.434, "volume": 48, "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": "2025-03-28", "close": 13.434, "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": "2025-04-04", "close": 12.038, "volume": 4888, "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": "2025-04-11", "close": 12.112, "volume": 5468, "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": "2025-04-18", "close": 12.218, "volume": 1787, "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": "2025-04-25", "close": 12.656, "volume": 10825, "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": "2025-05-02", "close": 12.746, "volume": 2547, "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": "2025-05-09", "close": 13.302, "volume": 1570, "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": "2025-05-16", "close": 14.404, "volume": 3146, "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": "2025-05-23", "close": 13.846, "volume": 2425, "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": "2025-05-30", "close": 14.132, "volume": 2355, "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": "2025-06-06", "close": 14.132, "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": "2025-06-13", "close": 14.132, "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": "2025-06-20", "close": 14.326, "volume": 6, "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": "2025-06-27", "close": 14.326, "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": "2025-07-04", "close": 14.826, "volume": 70, "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": "2025-07-11", "close": 14.826, "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": "2025-07-18", "close": 15.314, "volume": 1390, "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": "2025-07-25", "close": 15.202, "volume": 124, "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": "2025-08-01", "close": 15.256, "volume": 8392, "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": "2025-08-08", "close": 15.562, "volume": 1570, "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": "2025-08-15", "close": 15.682, "volume": 363, "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": "2025-08-22", "close": 15.576, "volume": 533, "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": "2025-08-29", "close": 15.842, "volume": 61, "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": "2025-09-05", "close": 15.586, "volume": 785, "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": "2025-09-12", "close": 16.007999, "volume": 1340, "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": "2025-09-19", "close": 16.115999, "volume": 2846, "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": "2025-09-26", "close": 16.198, "volume": 1487, "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": "2025-10-03", "close": 16.596001, "volume": 279, "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": "2025-10-10", "close": 16.653999, "volume": 1700, "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": "2025-10-17", "close": 16.344, "volume": 3523, "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": "2025-10-24", "close": 16.756001, "volume": 50, "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": "2025-10-31", "close": 17.254, "volume": 25, "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": "2025-11-07", "close": 16.674, "volume": 4502, "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": "2025-11-14", "close": 16.674, "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": "2025-11-21", "close": 16.931999, "volume": 3297, "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": "2025-11-28", "close": 17.02, "volume": 400, "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": "2025-12-05", "close": 17.02, "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": "2025-12-12", "close": 17.02, "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": "2025-12-19", "close": 16.604, "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": "2025-12-26", "close": 16.722, "volume": 116, "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": "2026-01-02", "close": 16.728001, "volume": 4, "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": "2026-01-09", "close": 16.954, "volume": 6033, "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": "2026-01-16", "close": 17.018, "volume": 1726, "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": "2026-01-23", "close": 16.6, "volume": 2280, "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": "2026-01-30", "close": 16.521999, "volume": 1710, "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": "2026-02-06", "close": 16.07, "volume": 17, "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": "2026-02-13", "close": 15.746, "volume": 14018, "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": "2026-02-20", "close": 15.748, "volume": 13186, "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": "2026-02-27", "close": 15.994, "volume": 550, "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": "2026-03-06", "close": 15.994, "volume": 0, "typical_volume": 2395.95, "trend": 16.421733, "fair_value": 15.21525, "relative_strength": -1.288038, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.259158, "energy": 76.177557, "activity_lines": [ 15.9168, 16.131127, 16.417476, 16.475462 ] }, { "date": "2026-03-13", "close": 16.114, "volume": 0, "typical_volume": 2393.45, "trend": 16.436133, "fair_value": 15.226346, "relative_strength": -0.98418, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.725013, "energy": 50.995885, "activity_lines": [ 15.984667, 16.090509, 16.370952, 16.455609 ] }, { "date": "2026-03-20", "close": 16.122, "volume": 6, "typical_volume": 2392.5, "trend": 16.454333, "fair_value": 15.237268, "relative_strength": 2.305666, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.315076, "energy": 48.256341, "activity_lines": [ 16.052267, 16.062509, 16.328248, 16.435342 ] }, { "date": "2026-03-27", "close": 16.122, "volume": 0, "typical_volume": 2167.4, "trend": 16.463667, "fair_value": 15.247928, "relative_strength": 0.905629, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.361418, "energy": 38.752884, "activity_lines": [ 16.0948, 16.049636, 16.290933, 16.413901 ] }, { "date": "2026-04-03", "close": 16.122, "volume": 0, "typical_volume": 2167.4, "trend": 16.481533, "fair_value": 15.258333, "relative_strength": -4.091396, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.775921, "energy": 33.262473, "activity_lines": [ 16.1124, 16.053055, 16.256248, 16.391858 ] }, { "date": "2026-04-10", "close": 16.219999, "volume": 85, "typical_volume": 2006.8, "trend": 16.4886, "fair_value": 15.269647, "relative_strength": -7.455816, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.748812, "energy": 29.045581, "activity_lines": [ 16.154133, 16.082982, 16.233524, 16.374985 ] }, { "date": "2026-04-17", "close": 16.816, "volume": 5, "typical_volume": 1987.05, "trend": 16.511933, "fair_value": 15.287628, "relative_strength": -6.551154, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 5.189051, "energy": 21.009497, "activity_lines": [ 16.379466, 16.226763, 16.270952, 16.396107 ] }, { "date": "2026-04-24", "close": 17.518, "volume": 1500, "typical_volume": 2062.05, "trend": 16.555933, "fair_value": 15.313264, "relative_strength": -0.321709, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.148282, "energy": 64.434179, "activity_lines": [ 16.792, 16.484618, 16.376209, 16.461015 ] }, { "date": "2026-05-01", "close": 17.496, "volume": 2865, "typical_volume": 2205.3, "trend": 16.585933, "fair_value": 15.338068, "relative_strength": -1.818386, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.304394, "energy": 83.406232, "activity_lines": [ 17.104133, 16.706254, 16.477, 16.521664 ] }, { "date": "2026-05-08", "close": 17.496, "volume": 0, "typical_volume": 2205.05, "trend": 16.614, "fair_value": 15.362315, "relative_strength": -3.983378, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.610912, "energy": 81.975316, "activity_lines": [ 17.324667, 16.896109, 16.575524, 16.580378 ] }, { "date": "2026-05-15", "close": 18.950001, "volume": 3201, "typical_volume": 2359.3, "trend": 16.700867, "fair_value": 15.402178, "relative_strength": 4.193577, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 98.471694, "energy": 99.441018, "activity_lines": [ 17.938267, 17.323018, 16.808276, 16.731088 ] }, { "date": "2026-05-22", "close": 18.950001, "volume": 0, "typical_volume": 2359.1, "trend": 16.774, "fair_value": 15.441165, "relative_strength": 3.190883, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 98.225319, "energy": 99.370646, "activity_lines": [ 18.369867, 17.696182, 17.030419, 16.876194 ] }, { "date": "2026-05-29", "close": 19.298, "volume": 31916, "typical_volume": 3653.25, "trend": 16.842133, "fair_value": 15.483087, "relative_strength": 3.802835, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.664778, "energy": 99.180475, "activity_lines": [ 18.7752, 18.081055, 17.275124, 17.039032 ] }, { "date": "2026-06-05", "close": 18.893999, "volume": 570, "typical_volume": 3595.45, "trend": 16.916133, "fair_value": 15.519763, "relative_strength": 1.761735, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.664296, "energy": 89.026919, "activity_lines": [ 18.9272, 18.334727, 17.47019, 17.171411 ] }, { "date": "2026-06-12", "close": 18.032, "volume": 0, "typical_volume": 3481.45, "trend": 16.9614, "fair_value": 15.546489, "relative_strength": -5.866202, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.216726, "energy": 68.296268, "activity_lines": [ 18.698667, 18.381273, 17.574229, 17.243402 ] }, { "date": "2026-06-19", "close": 18.716, "volume": 0, "typical_volume": 3395.95, "trend": 17.020867, "fair_value": 15.579853, "relative_strength": -4.740657, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.856044, "energy": 67.991623, "activity_lines": [ 18.6624, 18.517455, 17.73659, 17.356602 ] }, { "date": "2026-06-26", "close": 18.233999, "volume": 1810, "typical_volume": 3485.6, "trend": 17.061333, "fair_value": 15.6075, "relative_strength": -4.302632, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.569147, "energy": 54.526019, "activity_lines": [ 18.481066, 18.520618, 17.8426, 17.434869 ] }, { "date": "2026-07-03", "close": 18.596001, "volume": 0, "typical_volume": 2784.7, "trend": 17.113867, "fair_value": 15.638309, "relative_strength": -5.165653, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.977322, "energy": 47.151881, "activity_lines": [ 18.468133, 18.563818, 17.972781, 17.53388 ] }, { "date": "2026-07-10", "close": 19.059999, "volume": 9065, "typical_volume": 2578.65, "trend": 17.181867, "fair_value": 15.673224, "relative_strength": -2.381899, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.888253, "energy": 57.937294, "activity_lines": [ 18.656666, 18.671782, 18.133581, 17.659436 ] }, { "date": "2026-07-17", "close": 18.566, "volume": 9030, "typical_volume": 3002.65, "trend": 17.247267, "fair_value": 15.702444, "relative_strength": -3.46014, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.912681, "energy": 51.307518, "activity_lines": [ 18.669466, 18.661491, 18.231562, 17.748735 ] }, { "date": "2026-07-24", "close": 18.628, "volume": 21222, "typical_volume": 4063.75, "trend": 17.3108, "fair_value": 15.7317, "relative_strength": -2.919288, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.399774, "energy": 52.20674, "activity_lines": [ 18.667333, 18.643018, 18.3232, 17.837815 ] }, { "date": "2026-07-31", "close": 18.344, "volume": 44021, "typical_volume": 6264.8, "trend": 17.364667, "fair_value": 15.757564, "relative_strength": -4.929404, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.741403, "energy": 40.137934, "activity_lines": [ 18.5764, 18.578763, 18.375248, 17.904473 ] }, { "date": "2026-08-07", "close": 19.493999, "volume": 7686, "typical_volume": 6648.8, "trend": 17.449333, "fair_value": 15.794196, "relative_strength": -1.817303, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.911579, "energy": 51.484954, "activity_lines": [ 18.861466, 18.734618, 18.5262, 18.041849 ] } ], "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." } } }