{ "ticker": { "uuid": "611e57dc-5a10-45e8-a5d1-ad2bf894fec7", "symbol": "3145", "name": "ChinaAMC Asia High Dividend ETF", "exchange": "HKG", "country": "HK", "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": "^HSI", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 73.574, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 18.338, "architecture_energy": 27.656, "architecture_maturity": 26.414, "architecture_confidence": 70.805, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 55.11, "rotation_up": 62.7, "upward_expansion": 34.27, "deceleration": 37.66, "rotation_down": 12.33, "downward_expansion": 21.27 }, "activity_lines": [ 14.702, 14.451163, 14.493064, 14.545904 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 14.94, "trend_reference": 14.557435, "distance_from_trend": 0.02628, "trend_direction": "Improving", "fair_value": 11.389101, "distance_from_fair_value": 0.31178, "fair_value_direction": "Weakening", "relative_strength": 7.898383, "relative_strength_direction": "Weakening", "price_momentum": 0.045166, "excess_performance": 0.078747, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.02628, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.028144, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.31178, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.060484, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.078984, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.017372, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.045166, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.19129, "read": "Demand-led" } ], "volume": { "latest": 4179728, "relative_activity": 1.080207, "balance": 3.19129, "dry_up": 1.178242, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.028011, "annualized_volatility": 0.150712, "from_high_reference": -0.04387, "from_low_reference": 0.209636 }, "levels": { "trend_reference": 14.557435, "fair_value_reference": 11.389101, "structural_low": 13.404324, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": 0.005528, "positive_rate": 0.538462, "directional_follow_through": 0.538462, "median_excess_return": 0.016463, "regime_survival": 0.461538, "best_return": 0.067969, "worst_return": -0.104869, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.020716, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": 0.06527, "regime_survival": 0.571429, "best_return": 0.124894, "worst_return": -0.097856, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.075076, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.103672, "regime_survival": 0.25, "best_return": 0.200022, "worst_return": -0.101234, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.233047, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.20505, "regime_survival": 0.0, "best_return": 0.359239, "worst_return": -0.088623, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-19", "end": "2024-05-10", "tenure": "New", "return": 0.079365, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-17", "end": "2024-08-09", "tenure": "Established", "return": -0.029623, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-16", "end": "2024-08-23", "tenure": "New", "return": 0.015058, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-30", "end": "2024-11-01", "tenure": "Developing", "return": 0.02144, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-08", "end": "2025-03-07", "tenure": "Established", "return": -0.002553, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.006813, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-02", "tenure": "New", "return": 0.096532, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-05-16", "tenure": "New", "return": 0.04503, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2026-03-27", "tenure": "Extended", "return": 0.255085, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-05-22", "tenure": "Developing", "return": 0.014784, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-06-12", "tenure": "New", "return": -0.02628, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-19", "end": "2026-06-19", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-26", "end": "2026-07-24", "tenure": "Developing", "return": 0.083985, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.006061, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 8.423491, "volume": 143600, "typical_volume": 29940.0, "trend": 8.669124, "fair_value": 8.691275, "relative_strength": 8.407603, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -14.428682, "energy": 10.222503, "activity_lines": [ 8.662096, 8.712665, 8.693844, 8.671249 ] }, { "date": "2023-08-25", "close": 8.476579, "volume": 111400, "typical_volume": 35510.0, "trend": 8.652667, "fair_value": 8.696516, "relative_strength": 7.777665, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.791436, "energy": 28.617953, "activity_lines": [ 8.574204, 8.667217, 8.676127, 8.658826 ] }, { "date": "2023-09-01", "close": 8.569486, "volume": 79600, "typical_volume": 39240.0, "trend": 8.643419, "fair_value": 8.703212, "relative_strength": 7.141894, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.068643, "energy": 29.374307, "activity_lines": [ 8.540286, 8.644775, 8.667595, 8.65346 ] }, { "date": "2023-09-08", "close": 8.706633, "volume": 0, "typical_volume": 39210.0, "trend": 8.641239, "fair_value": 8.711256, "relative_strength": 9.624414, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.732941, "energy": 21.595286, "activity_lines": [ 8.581283, 8.648073, 8.672504, 8.657538 ] }, { "date": "2023-09-15", "close": 8.803964, "volume": 1000, "typical_volume": 39230.0, "trend": 8.645241, "fair_value": 8.718882, "relative_strength": 10.65992, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.865822, "energy": 12.829715, "activity_lines": [ 8.662097, 8.669068, 8.685671, 8.668037 ] }, { "date": "2023-09-22", "close": 8.711057, "volume": 200, "typical_volume": 39040.0, "trend": 8.646586, "fair_value": 8.728256, "relative_strength": 9.990962, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.832245, "energy": 18.756589, "activity_lines": [ 8.700439, 8.668666, 8.688515, 8.672283 ] }, { "date": "2023-09-29", "close": 8.64027, "volume": 0, "typical_volume": 28030.0, "trend": 8.645279, "fair_value": 8.736864, "relative_strength": 10.326256, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.678149, "energy": 19.705525, "activity_lines": [ 8.696015, 8.65837, 8.684491, 8.671875 ] }, { "date": "2023-10-06", "close": 8.581059, "volume": 0, "typical_volume": 27610.0, "trend": 8.647725, "fair_value": 8.743733, "relative_strength": 11.264949, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.558717, "energy": 5.83424, "activity_lines": [ 8.66094, 8.640606, 8.67468, 8.667732 ] }, { "date": "2023-10-13", "close": 8.740053, "volume": 200, "typical_volume": 25850.0, "trend": 8.654002, "fair_value": 8.750821, "relative_strength": 10.96276, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.824358, "energy": 14.17844, "activity_lines": [ 8.678093, 8.659503, 8.680231, 8.673689 ] }, { "date": "2023-10-20", "close": 8.494748, "volume": 89800, "typical_volume": 25130.0, "trend": 8.650487, "fair_value": 8.755482, "relative_strength": 11.643676, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.82272, "energy": 22.837565, "activity_lines": [ 8.611248, 8.635202, 8.661565, 8.663414 ] }, { "date": "2023-10-27", "close": 8.462951, "volume": 17600, "typical_volume": 26010.0, "trend": 8.647968, "fair_value": 8.762127, "relative_strength": 9.69546, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.55513, "energy": 38.296558, "activity_lines": [ 8.55442, 8.607605, 8.640395, 8.651315 ] }, { "date": "2023-11-03", "close": 8.562888, "volume": 2200, "typical_volume": 26030.0, "trend": 8.648486, "fair_value": 8.766639, "relative_strength": 9.134684, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.353239, "energy": 44.337419, "activity_lines": [ 8.547444, 8.597461, 8.629945, 8.645826 ] }, { "date": "2023-11-10", "close": 8.517462, "volume": 0, "typical_volume": 26030.0, "trend": 8.644097, "fair_value": 8.768753, "relative_strength": 11.21286, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.498421, "energy": 52.350434, "activity_lines": [ 8.530484, 8.577489, 8.616359, 8.637373 ] }, { "date": "2023-11-17", "close": 8.758224, "volume": 93400, "typical_volume": 28880.0, "trend": 8.652895, "fair_value": 8.77145, "relative_strength": 12.394813, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -29.077848, "energy": 16.3174, "activity_lines": [ 8.598019, 8.602237, 8.626161, 8.644736 ] }, { "date": "2023-11-24", "close": 8.767307, "volume": 38000, "typical_volume": 30780.0, "trend": 8.661996, "fair_value": 8.773191, "relative_strength": 11.605063, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.828329, "energy": 8.830852, "activity_lines": [ 8.66737, 8.627699, 8.636583, 8.652118 ] }, { "date": "2023-12-01", "close": 8.735509, "volume": 7800, "typical_volume": 30680.0, "trend": 8.663696, "fair_value": 8.774356, "relative_strength": 15.607267, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.642547, "energy": 17.367357, "activity_lines": [ 8.70795, 8.648045, 8.642971, 8.65686 ] }, { "date": "2023-12-08", "close": 8.66737, "volume": 6000, "typical_volume": 30980.0, "trend": 8.665632, "fair_value": 8.775297, "relative_strength": 17.603961, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.872322, "energy": 19.832764, "activity_lines": [ 8.707648, 8.655559, 8.643532, 8.657097 ] }, { "date": "2023-12-15", "close": 8.971729, "volume": 0, "typical_volume": 30960.0, "trend": 8.677123, "fair_value": 8.778402, "relative_strength": 17.857538, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 37.980938, "energy": 49.560443, "activity_lines": [ 8.801833, 8.717917, 8.673815, 8.676845 ] }, { "date": "2023-12-22", "close": 8.926303, "volume": 15400, "typical_volume": 31610.0, "trend": 8.689312, "fair_value": 8.781697, "relative_strength": 19.831474, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 69.735406, "energy": 66.036167, "activity_lines": [ 8.850591, 8.764913, 8.699942, 8.692922 ] }, { "date": "2023-12-29", "close": 9.167061, "volume": 200, "typical_volume": 30320.0, "trend": 8.708051, "fair_value": 8.785041, "relative_strength": 17.353083, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.555985, "energy": 79.844147, "activity_lines": [ 8.968397, 8.852297, 8.748479, 8.723744 ] }, { "date": "2024-01-05", "close": 8.980812, "volume": 200, "typical_volume": 23150.0, "trend": 8.716896, "fair_value": 8.785164, "relative_strength": 17.817457, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.323081, "energy": 74.404321, "activity_lines": [ 8.997469, 8.893594, 8.776727, 8.741342 ] }, { "date": "2024-01-12", "close": 8.903589, "volume": 26200, "typical_volume": 18890.0, "trend": 8.719922, "fair_value": 8.783406, "relative_strength": 18.155406, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.968728, "energy": 68.69102, "activity_lines": [ 8.984447, 8.911435, 8.794966, 8.753386 ] }, { "date": "2024-01-19", "close": 8.758224, "volume": 34200, "typical_volume": 16620.0, "trend": 8.724738, "fair_value": 8.780556, "relative_strength": 22.447558, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.516899, "energy": 40.635012, "activity_lines": [ 8.907222, 8.89665, 8.797328, 8.755857 ] }, { "date": "2024-01-26", "close": 9.044409, "volume": 12600, "typical_volume": 17250.0, "trend": 8.735997, "fair_value": 8.782207, "relative_strength": 20.496418, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.803748, "energy": 37.434314, "activity_lines": [ 8.939626, 8.929522, 8.826047, 8.776481 ] }, { "date": "2024-02-02", "close": 9.112548, "volume": 2200, "typical_volume": 17310.0, "trend": 8.754542, "fair_value": 8.783281, "relative_strength": 23.774914, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.863448, "energy": 41.572604, "activity_lines": [ 8.986869, 8.96958, 8.859647, 8.800775 ] }, { "date": "2024-02-09", "close": 9.248829, "volume": 20400, "typical_volume": 18320.0, "trend": 8.767011, "fair_value": 8.783896, "relative_strength": 23.060744, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.663716, "energy": 56.02856, "activity_lines": [ 9.083173, 9.028139, 8.904757, 8.832664 ] }, { "date": "2024-02-16", "close": 9.276085, "volume": 0, "typical_volume": 18320.0, "trend": 8.782159, "fair_value": 8.783992, "relative_strength": 18.233504, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.24906, "energy": 85.383414, "activity_lines": [ 9.170695, 9.08232, 8.949901, 8.865508 ] }, { "date": "2024-02-23", "close": 9.630413, "volume": 23600, "typical_volume": 19500.0, "trend": 8.802924, "fair_value": 8.786679, "relative_strength": 19.237345, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.459103, "energy": 96.256627, "activity_lines": [ 9.351493, 9.189857, 9.025763, 8.920234 ] }, { "date": "2024-03-01", "close": 9.503217, "volume": 0, "typical_volume": 19490.0, "trend": 8.82579, "fair_value": 8.788018, "relative_strength": 17.921655, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.53649, "energy": 91.354843, "activity_lines": [ 9.431747, 9.262292, 9.084515, 8.965414 ] }, { "date": "2024-03-08", "close": 9.703094, "volume": 0, "typical_volume": 15000.0, "trend": 8.861512, "fair_value": 8.789838, "relative_strength": 21.404536, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.799486, "energy": 94.382071, "activity_lines": [ 9.548038, 9.360578, 9.158668, 9.022014 ] }, { "date": "2024-03-15", "close": 9.584984, "volume": 400, "typical_volume": 14140.0, "trend": 8.900229, "fair_value": 8.791061, "relative_strength": 16.670708, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.138319, "energy": 87.526334, "activity_lines": [ 9.585591, 9.427644, 9.215819, 9.06869 ] }, { "date": "2024-03-22", "close": 9.475961, "volume": 0, "typical_volume": 14030.0, "trend": 8.933541, "fair_value": 8.792224, "relative_strength": 16.243248, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.903685, "energy": 66.128925, "activity_lines": [ 9.564391, 9.463903, 9.257244, 9.105834 ] }, { "date": "2024-03-29", "close": 9.394193, "volume": 10000, "typical_volume": 14530.0, "trend": 8.961032, "fair_value": 8.792116, "relative_strength": 14.283505, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.466164, "energy": 61.769829, "activity_lines": [ 9.502611, 9.474887, 9.286533, 9.135554 ] }, { "date": "2024-04-05", "close": 9.448774, "volume": 3200, "typical_volume": 10020.0, "trend": 8.98577, "fair_value": 8.792251, "relative_strength": 13.060562, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.033383, "energy": 49.377972, "activity_lines": [ 9.474772, 9.484233, 9.316845, 9.167021 ] }, { "date": "2024-04-12", "close": 9.503498, "volume": 26800, "typical_volume": 9460.0, "trend": 9.009087, "fair_value": 8.792736, "relative_strength": 13.098734, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.238275, "energy": 42.131322, "activity_lines": [ 9.468805, 9.496176, 9.349081, 9.200423 ] }, { "date": "2024-04-19", "close": 9.193404, "volume": 124600, "typical_volume": 15300.0, "trend": 9.025166, "fair_value": 8.791179, "relative_strength": 12.147599, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.445614, "energy": 24.289091, "activity_lines": [ 9.372779, 9.444631, 9.348279, 9.212314 ] }, { "date": "2024-04-26", "close": 9.448774, "volume": 26000, "typical_volume": 16300.0, "trend": 9.052116, "fair_value": 8.79126, "relative_strength": 5.50927, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.813904, "energy": 25.954447, "activity_lines": [ 9.387981, 9.440524, 9.369617, 9.239644 ] }, { "date": "2024-05-03", "close": 9.658546, "volume": 79000, "typical_volume": 20250.0, "trend": 9.088032, "fair_value": 8.792739, "relative_strength": 2.688378, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.623534, "energy": 42.49762, "activity_lines": [ 9.474921, 9.471417, 9.407212, 9.278768 ] }, { "date": "2024-05-10", "close": 9.923038, "volume": 81200, "typical_volume": 23540.0, "trend": 9.127465, "fair_value": 8.79731, "relative_strength": 2.459335, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 85.049522, "energy": 59.551493, "activity_lines": [ 9.6324, 9.549889, 9.466727, 9.33264 ] }, { "date": "2024-05-17", "close": 10.160168, "volume": 1000, "typical_volume": 23580.0, "trend": 9.182979, "fair_value": 8.803186, "relative_strength": 1.452135, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.433699, "energy": 93.189008, "activity_lines": [ 9.837305, 9.663842, 9.544079, 9.399266 ] }, { "date": "2024-05-24", "close": 10.15105, "volume": 54400, "typical_volume": 26290.0, "trend": 9.239249, "fair_value": 8.806533, "relative_strength": 6.152475, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.678562, "energy": 94.124983, "activity_lines": [ 9.995393, 9.767827, 9.615833, 9.461722 ] }, { "date": "2024-05-31", "close": 9.977759, "volume": 1600, "typical_volume": 25060.0, "trend": 9.286411, "fair_value": 8.809843, "relative_strength": 7.003563, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.10904, "energy": 88.212994, "activity_lines": [ 10.031875, 9.830012, 9.665511, 9.509368 ] }, { "date": "2024-06-07", "close": 10.096327, "volume": 104800, "typical_volume": 28590.0, "trend": 9.33904, "fair_value": 8.813269, "relative_strength": 6.184431, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.169229, "energy": 88.896571, "activity_lines": [ 10.072613, 9.904631, 9.721366, 9.56162 ] }, { "date": "2024-06-14", "close": 10.005124, "volume": 26000, "typical_volume": 29260.0, "trend": 9.380603, "fair_value": 8.817346, "relative_strength": 7.249097, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.041573, "energy": 78.251294, "activity_lines": [ 10.053765, 9.949902, 9.762163, 9.604593 ] }, { "date": "2024-06-21", "close": 10.160168, "volume": 0, "typical_volume": 29150.0, "trend": 9.427032, "fair_value": 8.821825, "relative_strength": 7.957578, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.500847, "energy": 66.338041, "activity_lines": [ 10.081126, 10.013247, 9.813152, 9.654888 ] }, { "date": "2024-06-28", "close": 10.13281, "volume": 5400, "typical_volume": 28400.0, "trend": 9.473609, "fair_value": 8.82715, "relative_strength": 9.101483, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.736495, "energy": 62.664363, "activity_lines": [ 10.099367, 10.059679, 9.856546, 9.700422 ] }, { "date": "2024-07-05", "close": 10.196651, "volume": 600, "typical_volume": 28430.0, "trend": 9.524585, "fair_value": 8.833959, "relative_strength": 8.861991, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.703869, "energy": 61.283929, "activity_lines": [ 10.140105, 10.100638, 9.901811, 9.74707 ] }, { "date": "2024-07-12", "close": 10.415543, "volume": 22400, "typical_volume": 28370.0, "trend": 9.572712, "fair_value": 8.841365, "relative_strength": 7.755545, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.397623, "energy": 69.30203, "activity_lines": [ 10.239214, 10.167798, 9.963539, 9.804551 ] }, { "date": "2024-07-19", "close": 10.187531, "volume": 0, "typical_volume": 28370.0, "trend": 9.614753, "fair_value": 8.847631, "relative_strength": 10.204532, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.489785, "energy": 61.202624, "activity_lines": [ 10.241038, 10.179737, 9.999813, 9.844217 ] }, { "date": "2024-07-26", "close": 10.123689, "volume": 0, "typical_volume": 28370.0, "trend": 9.64664, "fair_value": 8.854241, "relative_strength": 11.48845, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.625472, "energy": 57.878317, "activity_lines": [ 10.209421, 10.17526, 10.026748, 9.877051 ] }, { "date": "2024-08-02", "close": 10.023363, "volume": 2400, "typical_volume": 28470.0, "trend": 9.681392, "fair_value": 8.859509, "relative_strength": 10.319609, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.031413, "energy": 44.716667, "activity_lines": [ 10.146793, 10.153205, 10.042126, 9.901356 ] }, { "date": "2024-08-09", "close": 9.859195, "volume": 15000, "typical_volume": 29220.0, "trend": 9.713246, "fair_value": 8.86351, "relative_strength": 7.11593, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.855824, "energy": 22.366194, "activity_lines": [ 10.03674, 10.103623, 10.039781, 9.912827 ] }, { "date": "2024-08-16", "close": 10.296977, "volume": 0, "typical_volume": 28720.0, "trend": 9.764537, "fair_value": 8.870908, "relative_strength": 9.216626, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.723963, "energy": 27.317898, "activity_lines": [ 10.095111, 10.135794, 10.077304, 9.950487 ] }, { "date": "2024-08-23", "close": 10.452024, "volume": 0, "typical_volume": 28560.0, "trend": 9.811458, "fair_value": 8.878709, "relative_strength": 9.228017, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.049846, "energy": 44.153238, "activity_lines": [ 10.213069, 10.192506, 10.125295, 9.994841 ] }, { "date": "2024-08-30", "close": 10.57059, "volume": 0, "typical_volume": 27220.0, "trend": 9.860059, "fair_value": 8.88641, "relative_strength": 7.689355, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.445397, "energy": 66.416121, "activity_lines": [ 10.352915, 10.262651, 10.179801, 10.043817 ] }, { "date": "2024-09-06", "close": 10.224013, "volume": 0, "typical_volume": 20990.0, "trend": 9.892565, "fair_value": 8.891621, "relative_strength": 7.004932, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.435817, "energy": 63.956917, "activity_lines": [ 10.347443, 10.262319, 10.196217, 10.067298 ] }, { "date": "2024-09-13", "close": 10.360819, "volume": 0, "typical_volume": 19690.0, "trend": 9.928723, "fair_value": 8.898623, "relative_strength": 8.478506, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.718294, "energy": 63.946886, "activity_lines": [ 10.374196, 10.285203, 10.220756, 10.097508 ] }, { "date": "2024-09-20", "close": 10.515867, "volume": 1200, "typical_volume": 15800.0, "trend": 9.958238, "fair_value": 8.907155, "relative_strength": 4.396682, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.067186, "energy": 65.903877, "activity_lines": [ 10.41919, 10.333292, 10.255717, 10.135389 ] }, { "date": "2024-09-27", "close": 11.245502, "volume": 232200, "typical_volume": 23350.0, "trend": 10.016315, "fair_value": 8.920687, "relative_strength": -1.409805, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.584486, "energy": 74.642757, "activity_lines": [ 10.692803, 10.512219, 10.356086, 10.218438 ] }, { "date": "2024-10-04", "close": 11.634936, "volume": 174200, "typical_volume": 32010.0, "trend": 10.080709, "fair_value": 8.937099, "relative_strength": -7.504838, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.434423, "energy": 96.605815, "activity_lines": [ 11.043329, 10.742716, 10.487245, 10.322865 ] }, { "date": "2024-10-11", "close": 11.048535, "volume": 8600, "typical_volume": 29720.0, "trend": 10.129494, "fair_value": 8.948875, "relative_strength": -6.125034, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.026069, "energy": 86.182003, "activity_lines": [ 11.127432, 10.839117, 10.555535, 10.385305 ] }, { "date": "2024-10-18", "close": 11.085768, "volume": 28000, "typical_volume": 31040.0, "trend": 10.183155, "fair_value": 8.960343, "relative_strength": -3.908333, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.196444, "energy": 86.3576, "activity_lines": [ 11.168977, 10.923648, 10.623096, 10.447 ] }, { "date": "2024-10-25", "close": 11.001994, "volume": 600, "typical_volume": 25830.0, "trend": 10.236748, "fair_value": 8.972314, "relative_strength": -3.803377, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.220376, "energy": 73.136335, "activity_lines": [ 11.134268, 10.970646, 10.677403, 10.499829 ] }, { "date": "2024-11-01", "close": 10.797221, "volume": 52600, "typical_volume": 27160.0, "trend": 10.281696, "fair_value": 8.983739, "relative_strength": -5.345268, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.659719, "energy": 46.39445, "activity_lines": [ 10.998893, 10.967595, 10.707895, 10.535988 ] }, { "date": "2024-11-08", "close": 10.93684, "volume": 28000, "typical_volume": 28560.0, "trend": 10.329474, "fair_value": 8.995292, "relative_strength": -5.253574, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.56655, "energy": 36.354689, "activity_lines": [ 10.939942, 10.983652, 10.747912, 10.578256 ] }, { "date": "2024-11-15", "close": 10.527291, "volume": 147200, "typical_volume": 35650.0, "trend": 10.373937, "fair_value": 9.003837, "relative_strength": -2.82453, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.480309, "energy": 22.962321, "activity_lines": [ 10.791016, 10.918587, 10.745226, 10.591018 ] }, { "date": "2024-11-22", "close": 10.564522, "volume": 26400, "typical_volume": 36940.0, "trend": 10.411129, "fair_value": 9.013825, "relative_strength": -1.654886, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.19753, "energy": 25.307774, "activity_lines": [ 10.689249, 10.854777, 10.744208, 10.603314 ] }, { "date": "2024-11-29", "close": 10.48075, "volume": 34800, "typical_volume": 37560.0, "trend": 10.438536, "fair_value": 9.022893, "relative_strength": -3.475668, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.522699, "energy": 20.784441, "activity_lines": [ 10.594307, 10.772032, 10.733459, 10.607806 ] }, { "date": "2024-12-06", "close": 10.750681, "volume": 3200, "typical_volume": 37720.0, "trend": 10.466124, "fair_value": 9.032924, "relative_strength": -3.228887, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.041434, "energy": 19.81427, "activity_lines": [ 10.624093, 10.739004, 10.748108, 10.627944 ] }, { "date": "2024-12-13", "close": 10.750681, "volume": 124000, "typical_volume": 43920.0, "trend": 10.485807, "fair_value": 9.043504, "relative_strength": -3.752893, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.769336, "energy": 14.568127, "activity_lines": [ 10.656981, 10.714972, 10.760075, 10.646303 ] }, { "date": "2024-12-20", "close": 10.592445, "volume": 31600, "typical_volume": 45380.0, "trend": 10.500521, "fair_value": 9.052466, "relative_strength": -3.934536, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.376168, "energy": 9.155384, "activity_lines": [ 10.649534, 10.678248, 10.753986, 10.653182 ] }, { "date": "2024-12-27", "close": 10.787912, "volume": 0, "typical_volume": 44630.0, "trend": 10.527526, "fair_value": 9.062352, "relative_strength": -3.959941, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.209633, "energy": 17.300409, "activity_lines": [ 10.7029, 10.685356, 10.763803, 10.671724 ] }, { "date": "2025-01-03", "close": 10.648293, "volume": 0, "typical_volume": 44630.0, "trend": 10.545924, "fair_value": 9.071235, "relative_strength": -3.604754, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.03488, "energy": 13.218103, "activity_lines": [ 10.694833, 10.672494, 10.7559, 10.679515 ] }, { "date": "2025-01-10", "close": 10.536598, "volume": 28400, "typical_volume": 46050.0, "trend": 10.56364, "fair_value": 9.078141, "relative_strength": -1.149314, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.91809, "energy": 16.878787, "activity_lines": [ 10.638365, 10.645755, 10.735687, 10.678913 ] }, { "date": "2025-01-17", "close": 10.517982, "volume": 0, "typical_volume": 46050.0, "trend": 10.575567, "fair_value": 9.084599, "relative_strength": -3.826971, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -6.282499, "energy": 25.889986, "activity_lines": [ 10.589963, 10.620369, 10.713299, 10.675968 ] }, { "date": "2025-01-24", "close": 10.769297, "volume": 231400, "typical_volume": 57620.0, "trend": 10.596784, "fair_value": 9.09475, "relative_strength": -3.794667, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.458259, "energy": 13.771346, "activity_lines": [ 10.640847, 10.648293, 10.715095, 10.688466 ] }, { "date": "2025-01-31", "close": 10.61106, "volume": 26000, "typical_volume": 58920.0, "trend": 10.610597, "fair_value": 9.102079, "relative_strength": -5.751678, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.836622, "energy": 11.028934, "activity_lines": [ 10.627195, 10.643047, 10.699225, 10.689388 ] }, { "date": "2025-02-07", "close": 10.694833, "volume": 34000, "typical_volume": 60560.0, "trend": 10.619907, "fair_value": 9.10863, "relative_strength": -8.834835, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.32874, "energy": 6.368327, "activity_lines": [ 10.653257, 10.652185, 10.690142, 10.694822 ] }, { "date": "2025-02-14", "close": 10.834453, "volume": 53000, "typical_volume": 51600.0, "trend": 10.641471, "fair_value": 9.116459, "relative_strength": -13.448989, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.697124, "energy": 24.561942, "activity_lines": [ 10.722757, 10.682817, 10.693503, 10.708664 ] }, { "date": "2025-02-21", "close": 10.918223, "volume": 52600, "typical_volume": 45520.0, "trend": 10.667955, "fair_value": 9.127291, "relative_strength": -15.6411, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 56.044979, "energy": 43.618818, "activity_lines": [ 10.800323, 10.727157, 10.7068, 10.726519 ] }, { "date": "2025-02-28", "close": 10.638985, "volume": 364600, "typical_volume": 63320.0, "trend": 10.688476, "fair_value": 9.136059, "relative_strength": -15.554523, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 29.314146, "energy": 22.580949, "activity_lines": [ 10.758127, 10.71768, 10.696916, 10.72465 ] }, { "date": "2025-03-07", "close": 10.908916, "volume": 10200, "typical_volume": 62430.0, "trend": 10.723467, "fair_value": 9.14809, "relative_strength": -17.608611, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": 34.987157, "energy": 41.327485, "activity_lines": [ 10.814595, 10.756435, 10.71469, 10.738872 ] }, { "date": "2025-03-14", "close": 10.871683, "volume": 83000, "typical_volume": 66550.0, "trend": 10.742624, "fair_value": 9.159226, "relative_strength": -16.609321, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.271619, "energy": 38.90915, "activity_lines": [ 10.838796, 10.78622, 10.72976, 10.748434 ] }, { "date": "2025-03-21", "close": 10.834453, "volume": 4000, "typical_volume": 64120.0, "trend": 10.755371, "fair_value": 9.169959, "relative_strength": -15.597876, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 13.798792, "energy": 16.236239, "activity_lines": [ 10.838796, 10.805174, 10.741905, 10.754358 ] }, { "date": "2025-03-28", "close": 10.862376, "volume": 400, "typical_volume": 62740.0, "trend": 10.765098, "fair_value": 9.179939, "relative_strength": -14.112181, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.21029, "energy": 28.849586, "activity_lines": [ 10.848104, 10.82379, 10.756531, 10.761262 ] }, { "date": "2025-04-04", "close": 10.79761, "volume": 2600, "typical_volume": 55510.0, "trend": 10.784218, "fair_value": 9.190001, "relative_strength": -12.179999, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.129347, "energy": 17.83091, "activity_lines": [ 10.839546, 10.824369, 10.765344, 10.763359 ] }, { "date": "2025-04-11", "close": 9.983578, "volume": 54200, "typical_volume": 56900.0, "trend": 10.771643, "fair_value": 9.19512, "relative_strength": -10.998419, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.407027, "energy": 42.687803, "activity_lines": [ 10.54907, 10.676427, 10.695344, 10.711705 ] }, { "date": "2025-04-18", "close": 10.357844, "volume": 15000, "typical_volume": 55910.0, "trend": 10.766375, "fair_value": 9.204567, "relative_strength": -9.467569, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.000282, "energy": 56.064385, "activity_lines": [ 10.445038, 10.607942, 10.663753, 10.685009 ] }, { "date": "2025-04-25", "close": 10.57305, "volume": 2000, "typical_volume": 55850.0, "trend": 10.74396, "fair_value": 9.216277, "relative_strength": -9.872628, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.900484, "energy": 54.33796, "activity_lines": [ 10.446997, 10.584712, 10.653244, 10.672536 ] }, { "date": "2025-05-02", "close": 10.947316, "volume": 0, "typical_volume": 49650.0, "trend": 10.72104, "fair_value": 9.231791, "relative_strength": -8.735421, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.431392, "energy": 26.140602, "activity_lines": [ 10.591139, 10.634284, 10.679226, 10.685656 ] }, { "date": "2025-05-09", "close": 11.012815, "volume": 13800, "typical_volume": 48760.0, "trend": 10.719849, "fair_value": 9.249682, "relative_strength": -9.510938, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.683579, "energy": 14.838965, "activity_lines": [ 10.75145, 10.695236, 10.710508, 10.70448 ] }, { "date": "2025-05-16", "close": 11.508718, "volume": 34000, "typical_volume": 50460.0, "trend": 10.733947, "fair_value": 9.268933, "relative_strength": -7.280495, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 78.716723, "energy": 58.843181, "activity_lines": [ 11.062716, 10.839555, 10.787018, 10.755375 ] }, { "date": "2025-05-23", "close": 11.564858, "volume": 0, "typical_volume": 50460.0, "trend": 10.752709, "fair_value": 9.288268, "relative_strength": -7.654338, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.014408, "energy": 81.444574, "activity_lines": [ 11.291019, 10.983175, 10.865442, 10.808982 ] }, { "date": "2025-05-30", "close": 11.58357, "volume": 800, "typical_volume": 49080.0, "trend": 10.778921, "fair_value": 9.307172, "relative_strength": -6.082298, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.111828, "energy": 86.88785, "activity_lines": [ 11.445092, 11.117595, 10.941284, 10.862586 ] }, { "date": "2025-06-06", "close": 11.761347, "volume": 12400, "typical_volume": 49700.0, "trend": 10.806405, "fair_value": 9.327546, "relative_strength": -6.467914, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.559256, "energy": 91.668682, "activity_lines": [ 11.591056, 11.270717, 11.029071, 10.925968 ] }, { "date": "2025-06-13", "close": 11.929768, "volume": 5400, "typical_volume": 38400.0, "trend": 10.853154, "fair_value": 9.350929, "relative_strength": -5.324748, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.856606, "energy": 92.640367, "activity_lines": [ 11.738891, 11.438117, 11.126978, 10.998443 ] }, { "date": "2025-06-20", "close": 11.770705, "volume": 16400, "typical_volume": 37920.0, "trend": 10.89336, "fair_value": 9.372631, "relative_strength": -4.930133, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.356351, "energy": 85.366669, "activity_lines": [ 11.772576, 11.556011, 11.20421, 11.05764 ] }, { "date": "2025-06-27", "close": 12.163686, "volume": 0, "typical_volume": 36220.0, "trend": 10.949458, "fair_value": 9.396466, "relative_strength": -4.557531, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.142014, "energy": 86.915828, "activity_lines": [ 11.919788, 11.712863, 11.313346, 11.139596 ] }, { "date": "2025-07-04", "close": 12.191755, "volume": 33000, "typical_volume": 35220.0, "trend": 10.997494, "fair_value": 9.421253, "relative_strength": -2.639887, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.684448, "energy": 77.588135, "activity_lines": [ 12.036434, 11.841986, 11.418161, 11.219745 ] }, { "date": "2025-07-11", "close": 12.229182, "volume": 55000, "typical_volume": 35340.0, "trend": 11.046777, "fair_value": 9.448099, "relative_strength": -3.021701, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.683125, "energy": 90.129034, "activity_lines": [ 12.125011, 11.948482, 11.520077, 11.299208 ] }, { "date": "2025-07-18", "close": 12.257252, "volume": 28400, "typical_volume": 18530.0, "trend": 11.102271, "fair_value": 9.474023, "relative_strength": -5.16712, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.043687, "energy": 90.386232, "activity_lines": [ 12.191755, 12.036775, 11.618424, 11.377304 ] }, { "date": "2025-07-25", "close": 12.388245, "volume": 20400, "typical_volume": 19040.0, "trend": 11.155615, "fair_value": 9.500483, "relative_strength": -5.906673, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.818712, "energy": 91.330071, "activity_lines": [ 12.280332, 12.126258, 11.72154, 11.46027 ] }, { "date": "2025-08-01", "close": 12.098187, "volume": 108000, "typical_volume": 20290.0, "trend": 11.203945, "fair_value": 9.524973, "relative_strength": -4.461549, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.558955, "energy": 84.817489, "activity_lines": [ 12.231053, 12.147013, 11.789987, 11.521081 ] }, { "date": "2025-08-08", "close": 12.388245, "volume": 2600, "typical_volume": 20220.0, "trend": 11.265666, "fair_value": 9.551378, "relative_strength": -3.269561, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.248696, "energy": 68.931575, "activity_lines": [ 12.282826, 12.210808, 11.880219, 11.597487 ] }, { "date": "2025-08-15", "close": 12.537952, "volume": 22800, "typical_volume": 21340.0, "trend": 11.332999, "fair_value": 9.579183, "relative_strength": -3.352572, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.2071, "energy": 71.509307, "activity_lines": [ 12.371403, 12.287193, 11.977309, 11.67957 ] }, { "date": "2025-08-22", "close": 12.453743, "volume": 6600, "typical_volume": 21540.0, "trend": 11.389147, "fair_value": 9.606587, "relative_strength": -3.896251, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.235085, "energy": 66.321767, "activity_lines": [ 12.411325, 12.334147, 12.0584, 11.751876 ] }, { "date": "2025-08-29", "close": 12.397603, "volume": 5200, "typical_volume": 19090.0, "trend": 11.448698, "fair_value": 9.634761, "relative_strength": -2.991641, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.496504, "energy": 64.675066, "activity_lines": [ 12.419435, 12.361366, 12.126258, 11.816938 ] }, { "date": "2025-09-05", "close": 12.481813, "volume": 4000, "typical_volume": 18540.0, "trend": 11.508264, "fair_value": 9.663309, "relative_strength": -3.293737, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.969055, "energy": 64.999193, "activity_lines": [ 12.45499, 12.392499, 12.190641, 11.883591 ] }, { "date": "2025-09-12", "close": 12.846721, "volume": 86800, "typical_volume": 22780.0, "trend": 11.57534, "fair_value": 9.694996, "relative_strength": -3.72606, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.028566, "energy": 72.294046, "activity_lines": [ 12.586607, 12.484194, 12.279663, 11.969943 ] }, { "date": "2025-09-19", "close": 12.659589, "volume": 56200, "typical_volume": 25590.0, "trend": 11.633386, "fair_value": 9.726916, "relative_strength": -5.332801, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.043792, "energy": 65.830454, "activity_lines": [ 12.625281, 12.529956, 12.340036, 12.039894 ] }, { "date": "2025-09-26", "close": 12.397603, "volume": 26200, "typical_volume": 26210.0, "trend": 11.692006, "fair_value": 9.759418, "relative_strength": -5.558309, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.003638, "energy": 60.326321, "activity_lines": [ 12.568518, 12.52026, 12.367304, 12.089198 ] }, { "date": "2025-10-03", "close": 12.546713, "volume": 49200, "typical_volume": 26970.0, "trend": 11.746599, "fair_value": 9.791833, "relative_strength": -7.8143, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.438549, "energy": 55.356043, "activity_lines": [ 12.5652, 12.535122, 12.402179, 12.144341 ] }, { "date": "2025-10-10", "close": 12.613602, "volume": 1600, "typical_volume": 27050.0, "trend": 11.804663, "fair_value": 9.826682, "relative_strength": -4.176993, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.449049, "energy": 50.648112, "activity_lines": [ 12.574238, 12.559265, 12.438482, 12.200276 ] }, { "date": "2025-10-17", "close": 12.432044, "volume": 30400, "typical_volume": 28530.0, "trend": 11.857916, "fair_value": 9.859944, "relative_strength": -1.50077, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.665511, "energy": 33.238069, "activity_lines": [ 12.513971, 12.541026, 12.452499, 12.240753 ] }, { "date": "2025-10-24", "close": 12.812457, "volume": 200, "typical_volume": 27920.0, "trend": 11.922919, "fair_value": 9.897367, "relative_strength": -1.861571, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.915925, "energy": 48.936099, "activity_lines": [ 12.608153, 12.591157, 12.498705, 12.302336 ] }, { "date": "2025-10-31", "close": 13.253839, "volume": 450400, "typical_volume": 50170.0, "trend": 12.004793, "fair_value": 9.936236, "relative_strength": 2.571628, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.357541, "energy": 64.866924, "activity_lines": [ 12.839271, 12.716547, 12.581943, 12.388202 ] }, { "date": "2025-11-07", "close": 13.215615, "volume": 2564000, "typical_volume": 177550.0, "trend": 12.112528, "fair_value": 9.971753, "relative_strength": 1.063077, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.339101, "energy": 73.150859, "activity_lines": [ 13.000566, 12.820441, 12.655235, 12.466319 ] }, { "date": "2025-11-14", "close": 13.262651, "volume": 3217000, "typical_volume": 338400.0, "trend": 12.209355, "fair_value": 10.006442, "relative_strength": 0.326503, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.902253, "energy": 85.733289, "activity_lines": [ 13.132946, 12.918014, 12.726126, 12.540521 ] }, { "date": "2025-11-21", "close": 12.945271, "volume": 2587201, "typical_volume": 466110.05, "trend": 12.288429, "fair_value": 10.038616, "relative_strength": 3.321106, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.979209, "energy": 63.736455, "activity_lines": [ 13.116263, 12.943685, 12.761558, 12.587999 ] }, { "date": "2025-11-28", "close": 13.070301, "volume": 931800, "typical_volume": 509950.05, "trend": 12.359195, "fair_value": 10.070151, "relative_strength": 1.876346, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.857604, "energy": 49.367902, "activity_lines": [ 13.107041, 12.990296, 12.805309, 12.638443 ] }, { "date": "2025-12-05", "close": 13.185712, "volume": 920000, "typical_volume": 554530.05, "trend": 12.431625, "fair_value": 10.101777, "relative_strength": 2.025805, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.268223, "energy": 45.979068, "activity_lines": [ 13.1191, 13.050424, 12.856046, 12.691766 ] }, { "date": "2025-12-12", "close": 13.118902, "volume": 2890235, "typical_volume": 698021.8, "trend": 12.485298, "fair_value": 10.133087, "relative_strength": 2.06388, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.109988, "energy": 39.009018, "activity_lines": [ 13.11343, 13.084075, 12.895999, 12.736107 ] }, { "date": "2025-12-19", "close": 13.089857, "volume": 1544400, "typical_volume": 769841.8, "trend": 12.536131, "fair_value": 10.164973, "relative_strength": 3.083237, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.654613, "energy": 36.897604, "activity_lines": [ 13.104527, 13.102042, 12.929706, 12.775111 ] }, { "date": "2025-12-26", "close": 13.20604, "volume": 303600, "typical_volume": 784891.8, "trend": 12.590213, "fair_value": 10.196983, "relative_strength": 3.583677, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.398987, "energy": 39.784212, "activity_lines": [ 13.145871, 13.132474, 12.969757, 12.81833 ] }, { "date": "2026-01-02", "close": 13.26413, "volume": 3581600, "typical_volume": 962831.8, "trend": 12.640306, "fair_value": 10.228293, "relative_strength": 2.127367, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.689483, "energy": 40.569957, "activity_lines": [ 13.189193, 13.159395, 13.011445, 12.861809 ] }, { "date": "2026-01-09", "close": 13.438404, "volume": 1662212, "typical_volume": 1045612.4, "trend": 12.690594, "fair_value": 10.258968, "relative_strength": 4.053903, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.551461, "energy": 46.479481, "activity_lines": [ 13.277685, 13.20979, 13.066273, 12.913299 ] }, { "date": "2026-01-16", "close": 13.758463, "volume": 1995000, "typical_volume": 1145102.4, "trend": 12.756853, "fair_value": 10.290932, "relative_strength": 4.198735, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.687971, "energy": 70.089671, "activity_lines": [ 13.456017, 13.315021, 13.146894, 12.982194 ] }, { "date": "2026-01-23", "close": 13.953341, "volume": 1762000, "typical_volume": 1233002.4, "trend": 12.816508, "fair_value": 10.322875, "relative_strength": 6.114188, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.404174, "energy": 82.026009, "activity_lines": [ 13.656671, 13.445816, 13.239595, 13.059387 ] }, { "date": "2026-01-30", "close": 14.245661, "volume": 2332200, "typical_volume": 1345272.4, "trend": 12.884971, "fair_value": 10.357482, "relative_strength": 5.833644, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.908398, "energy": 91.564908, "activity_lines": [ 13.8972, 13.617201, 13.353128, 13.15159 ] }, { "date": "2026-02-06", "close": 14.294381, "volume": 3670400, "typical_volume": 1525982.4, "trend": 12.953811, "fair_value": 10.392882, "relative_strength": 9.365353, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.355999, "energy": 92.382764, "activity_lines": [ 14.08466, 13.773801, 13.464639, 13.24252 ] }, { "date": "2026-02-13", "close": 14.841275, "volume": 3475615, "typical_volume": 1698453.15, "trend": 13.039945, "fair_value": 10.432352, "relative_strength": 13.166654, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.863633, "energy": 96.141041, "activity_lines": [ 14.385735, 14.00758, 13.620451, 13.364292 ] }, { "date": "2026-02-20", "close": 15.203975, "volume": 908900, "typical_volume": 1741438.15, "trend": 13.133803, "fair_value": 10.474232, "relative_strength": 16.107054, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.9519, "energy": 97.99304, "activity_lines": [ 14.714185, 14.277204, 13.79917, 13.503907 ] }, { "date": "2026-02-27", "close": 15.360818, "volume": 6614000, "typical_volume": 2072058.15, "trend": 13.242557, "fair_value": 10.517061, "relative_strength": 15.840058, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.740485, "energy": 96.559375, "activity_lines": [ 14.998549, 14.537434, 13.980172, 13.647585 ] }, { "date": "2026-03-06", "close": 15.066737, "volume": 8262900, "typical_volume": 2483683.15, "trend": 13.33184, "fair_value": 10.559106, "relative_strength": 16.86626, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.435367, "energy": 88.108884, "activity_lines": [ 15.091054, 14.702904, 14.120084, 13.765274 ] }, { "date": "2026-03-13", "close": 14.751693, "volume": 6320629, "typical_volume": 2799704.6, "trend": 13.405632, "fair_value": 10.59885, "relative_strength": 15.177699, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.653785, "energy": 74.031366, "activity_lines": [ 15.023806, 14.777263, 14.217446, 13.856877 ] }, { "date": "2026-03-20", "close": 14.741826, "volume": 3800400, "typical_volume": 2967204.6, "trend": 13.481901, "fair_value": 10.638219, "relative_strength": 15.402645, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.822583, "energy": 63.37478, "activity_lines": [ 14.922782, 14.822782, 14.304634, 13.943083 ] }, { "date": "2026-03-27", "close": 14.514877, "volume": 4830974, "typical_volume": 3080553.3, "trend": 13.552477, "fair_value": 10.676529, "relative_strength": 14.593299, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.333501, "energy": 43.933549, "activity_lines": [ 14.752737, 14.803338, 14.363122, 14.009727 ] }, { "date": "2026-04-03", "close": 14.505009, "volume": 4338800, "typical_volume": 3136643.3, "trend": 13.619917, "fair_value": 10.714719, "relative_strength": 13.314133, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.749116, "energy": 30.907044, "activity_lines": [ 14.625344, 14.768347, 14.414483, 14.071181 ] }, { "date": "2026-04-10", "close": 14.515147, "volume": 3108385, "typical_volume": 3162702.5, "trend": 13.675531, "fair_value": 10.752322, "relative_strength": 9.646324, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.312154, "energy": 24.171171, "activity_lines": [ 14.558383, 14.725169, 14.460894, 14.128937 ] }, { "date": "2026-04-17", "close": 14.633556, "volume": 4830597, "typical_volume": 3357642.35, "trend": 13.74133, "fair_value": 10.791676, "relative_strength": 9.104591, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.926621, "energy": 22.526011, "activity_lines": [ 14.567665, 14.698621, 14.511106, 14.190745 ] }, { "date": "2026-04-24", "close": 14.613822, "volume": 3816392, "typical_volume": 3502461.95, "trend": 13.815204, "fair_value": 10.830904, "relative_strength": 9.387376, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.55314, "energy": 22.163703, "activity_lines": [ 14.578245, 14.662317, 14.551995, 14.247035 ] }, { "date": "2026-05-01", "close": 14.396736, "volume": 4906134, "typical_volume": 3603256.9, "trend": 13.876871, "fair_value": 10.867521, "relative_strength": 8.313089, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.753364, "energy": 18.853105, "activity_lines": [ 14.524996, 14.590679, 14.565408, 14.284553 ] }, { "date": "2026-05-08", "close": 14.969053, "volume": 3576526, "typical_volume": 3704863.2, "trend": 13.955386, "fair_value": 10.908289, "relative_strength": 9.635623, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.216944, "energy": 34.311003, "activity_lines": [ 14.670396, 14.637776, 14.627243, 14.355017 ] }, { "date": "2026-05-15", "close": 14.977694, "volume": 6611498, "typical_volume": 4020258.1, "trend": 14.040241, "fair_value": 10.948998, "relative_strength": 11.173122, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.999876, "energy": 39.023493, "activity_lines": [ 14.787739, 14.693566, 14.680952, 14.420972 ] }, { "date": "2026-05-22", "close": 14.719457, "volume": 3850557, "typical_volume": 4033705.95, "trend": 14.103808, "fair_value": 10.988478, "relative_strength": 10.431134, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.012054, "energy": 34.497399, "activity_lines": [ 14.788168, 14.704024, 14.701631, 14.464793 ] }, { "date": "2026-05-29", "close": 14.908169, "volume": 2281474, "typical_volume": 4064669.05, "trend": 14.158952, "fair_value": 11.028883, "relative_strength": 13.332256, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.323683, "energy": 46.274361, "activity_lines": [ 14.845773, 14.749378, 14.733352, 14.516687 ] }, { "date": "2026-06-05", "close": 14.753203, "volume": 1473629, "typical_volume": 4038600.5, "trend": 14.210205, "fair_value": 11.067587, "relative_strength": 12.743286, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.239569, "energy": 39.016573, "activity_lines": [ 14.8321, 14.763533, 14.743316, 14.555026 ] }, { "date": "2026-06-12", "close": 14.516385, "volume": 733200, "typical_volume": 3987160.5, "trend": 14.251996, "fair_value": 11.104148, "relative_strength": 11.66756, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.982475, "energy": 18.151687, "activity_lines": [ 14.715723, 14.730297, 14.725989, 14.574779 ] }, { "date": "2026-06-19", "close": 14.188725, "volume": 4258890, "typical_volume": 4083495.0, "trend": 14.293445, "fair_value": 11.139885, "relative_strength": 12.384629, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -5.177949, "energy": 10.642669, "activity_lines": [ 14.520305, 14.637279, 14.674775, 14.570697 ] }, { "date": "2026-06-26", "close": 13.533402, "volume": 1131200, "typical_volume": 3956535.0, "trend": 14.308882, "fair_value": 11.170826, "relative_strength": 12.72354, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -46.995139, "energy": 54.065998, "activity_lines": [ 14.159043, 14.431047, 14.56142, 14.521662 ] }, { "date": "2026-07-03", "close": 14.059646, "volume": 2025000, "typical_volume": 3884004.25, "trend": 14.338013, "fair_value": 11.206105, "relative_strength": 13.325494, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.193631, "energy": 55.748865, "activity_lines": [ 14.052266, 14.340498, 14.501807, 14.505582 ] }, { "date": "2026-07-10", "close": 14.06, "volume": 7378004, "typical_volume": 4207459.45, "trend": 14.369383, "fair_value": 11.239343, "relative_strength": 9.164204, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.064842, "energy": 61.974365, "activity_lines": [ 14.002175, 14.260089, 14.445951, 14.487646 ] }, { "date": "2026-07-17", "close": 14.18, "volume": 5465196, "typical_volume": 4150019.25, "trend": 14.405721, "fair_value": 11.273692, "relative_strength": 8.034788, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.68289, "energy": 57.393445, "activity_lines": [ 14.038298, 14.207622, 14.40697, 14.475428 ] }, { "date": "2026-07-24", "close": 14.67, "volume": 3638348, "typical_volume": 3918791.65, "trend": 14.454519, "fair_value": 11.30999, "relative_strength": 9.579428, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -1.143408, "energy": 9.437201, "activity_lines": [ 14.26018, 14.258591, 14.420279, 14.492478 ] }, { "date": "2026-07-31", "close": 14.85, "volume": 4952970, "typical_volume": 3850408.7, "trend": 14.507382, "fair_value": 11.348662, "relative_strength": 6.670069, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.023548, "energy": 17.403394, "activity_lines": [ 14.509976, 14.347882, 14.45262, 14.517993 ] }, { "date": "2026-08-07", "close": 14.94, "volume": 4179728, "typical_volume": 3869375.1, "trend": 14.557435, "fair_value": 11.389101, "relative_strength": 7.898383, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.338479, "energy": 27.655603, "activity_lines": [ 14.702, 14.451163, 14.493064, 14.545904 ] } ], "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." } } }