{ "ticker": { "uuid": "612c477f-fd6c-4091-b42f-b7c98d052930", "symbol": "NZX", "name": "NZX Limited", "exchange": "NZE", "country": "NZ", "assetType": "equity" }, "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": "^NZ50", "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": 60.524, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 64.942, "architecture_energy": 79.801, "architecture_maturity": 6.925, "architecture_confidence": 79.291, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 15.35, "rotation_up": 75.14, "upward_expansion": 92.43, "deceleration": 44.77, "rotation_down": 8.72, "downward_expansion": 19.09 }, "activity_lines": [ 1.497667, 1.470364, 1.433143, 1.416363 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 1.495, "trend_reference": 1.408295, "distance_from_trend": 0.061567, "trend_direction": "Weakening", "fair_value": 1.263266, "distance_from_fair_value": 0.18344, "fair_value_direction": "Improving", "relative_strength": 1.494728, "relative_strength_direction": "Improving", "price_momentum": 0.082615, "excess_performance": 0.054341, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.061567, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.011166, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.18344, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.044288, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.014947, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.038064, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.082615, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.911259, "read": "Demand-led" } ], "volume": { "latest": 855679, "relative_activity": 0.60912, "balance": 3.911259, "dry_up": 1.071828, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.031644, "annualized_volatility": 0.162674, "from_high_reference": -0.033502, "from_low_reference": 0.172549 }, "levels": { "trend_reference": 1.408295, "fair_value_reference": 1.263266, "structural_low": 1.275, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 16, "median_return": -0.0091, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": -0.004927, "regime_survival": 0.75, "best_return": 0.159663, "worst_return": -0.081169, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.024064, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.009845, "regime_survival": 0.333333, "best_return": 0.221464, "worst_return": -0.092321, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.028766, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.056861, "regime_survival": 0.25, "best_return": 0.25708, "worst_return": -0.037071, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.116454, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.115772, "regime_survival": 0.0, "best_return": 0.373653, "worst_return": -0.140745, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-04", "end": "2024-10-11", "tenure": "New", "return": 0.070313, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2025-04-04", "tenure": "Established", "return": 0.136443, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-11", "end": "2025-05-23", "tenure": "Developing", "return": 0.088435, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-08-15", "tenure": "Developing", "return": -0.058442, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-22", "end": "2025-10-24", "tenure": "Developing", "return": 0.077623, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-10-31", "end": "2025-12-12", "tenure": "Developing", "return": -0.032468, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-19", "end": "2026-01-02", "tenure": "New", "return": 0.039999, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-09", "end": "2026-01-30", "tenure": "New", "return": -0.022727, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-06", "end": "2026-02-13", "tenure": "New", "return": -0.003534, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-20", "end": "2026-03-27", "tenure": "Developing", "return": -0.061911, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-05-22", "tenure": "Developing", "return": 0.033835, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-07-10", "tenure": "Developing", "return": 0.050725, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-17", "end": "2026-07-31", "tenure": "New", "return": -0.013245, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 1.019701, "volume": 509718, "typical_volume": 1347089.4, "trend": 1.022919, "fair_value": 1.239046, "relative_strength": 0.130708, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.125284, "energy": 12.759742, "activity_lines": [ 1.034104, 1.036356, 1.019619, 1.018658 ] }, { "date": "2023-08-25", "close": 1.036985, "volume": 796577, "typical_volume": 1105218.4, "trend": 1.022394, "fair_value": 1.237864, "relative_strength": 3.136273, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 8.806633, "energy": 8.918853, "activity_lines": [ 1.032952, 1.038084, 1.022006, 1.019565 ] }, { "date": "2023-09-01", "close": 1.01106, "volume": 378486, "typical_volume": 1015221.65, "trend": 1.020723, "fair_value": 1.236419, "relative_strength": 0.083673, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -2.649343, "energy": 8.22733, "activity_lines": [ 1.02431, 1.033999, 1.021882, 1.018834 ] }, { "date": "2023-09-08", "close": 0.993777, "volume": 522552, "typical_volume": 1010248.85, "trend": 1.018196, "fair_value": 1.23501, "relative_strength": 0.016255, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.62214, "energy": 17.138018, "activity_lines": [ 1.013364, 1.026143, 1.020072, 1.017096 ] }, { "date": "2023-09-15", "close": 0.993777, "volume": 616759, "typical_volume": 1016436.5, "trend": 1.015669, "fair_value": 1.233697, "relative_strength": 0.009606, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.820451, "energy": 18.986667, "activity_lines": [ 1.004723, 1.018445, 1.018261, 1.01552 ] }, { "date": "2023-09-22", "close": 0.97626, "volume": 1375620, "typical_volume": 1072869.95, "trend": 1.015085, "fair_value": 1.232078, "relative_strength": -1.865907, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.769433, "energy": 39.824368, "activity_lines": [ 0.993123, 1.008504, 1.014865, 1.012978 ] }, { "date": "2023-09-29", "close": 0.94076, "volume": 7432590, "typical_volume": 1387168.15, "trend": 1.011301, "fair_value": 1.230377, "relative_strength": -4.627769, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.112018, "energy": 60.825619, "activity_lines": [ 0.972586, 0.993841, 1.008212, 1.008182 ] }, { "date": "2023-10-06", "close": 0.92301, "volume": 415181, "typical_volume": 1278528.25, "trend": 1.00635, "fair_value": 1.228271, "relative_strength": -6.158319, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.852671, "energy": 76.717016, "activity_lines": [ 0.952547, 0.978014, 1.000121, 1.002486 ] }, { "date": "2023-10-13", "close": 0.914135, "volume": 976386, "typical_volume": 1305912.6, "trend": 1.002831, "fair_value": 1.225864, "relative_strength": -6.640727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.936033, "energy": 80.631585, "activity_lines": [ 0.935419, 0.963118, 0.991645, 0.996537 ] }, { "date": "2023-10-20", "close": 0.914135, "volume": 966108, "typical_volume": 1316810.8, "trend": 0.9996, "fair_value": 1.223263, "relative_strength": -4.159306, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.635945, "energy": 80.859192, "activity_lines": [ 0.923602, 0.950298, 0.983466, 0.990815 ] }, { "date": "2023-10-27", "close": 0.887509, "volume": 351320, "typical_volume": 1289152.75, "trend": 0.99433, "fair_value": 1.220589, "relative_strength": -4.858047, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.284774, "energy": 85.259443, "activity_lines": [ 0.908218, 0.93487, 0.973007, 0.983583 ] }, { "date": "2023-11-03", "close": 0.896384, "volume": 871979, "typical_volume": 1236085.9, "trend": 0.989931, "fair_value": 1.21768, "relative_strength": -6.802297, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.975455, "energy": 81.700762, "activity_lines": [ 0.901709, 0.92346, 0.963776, 0.977264 ] }, { "date": "2023-11-10", "close": 0.905259, "volume": 939884, "typical_volume": 1180015.5, "trend": 0.986692, "fair_value": 1.21473, "relative_strength": -5.907494, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.514838, "energy": 71.563703, "activity_lines": [ 0.901118, 0.91622, 0.955772, 0.971801 ] }, { "date": "2023-11-17", "close": 0.949635, "volume": 416407, "typical_volume": 1123682.4, "trend": 0.985221, "fair_value": 1.211968, "relative_strength": -1.501325, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.557025, "energy": 47.038983, "activity_lines": [ 0.916501, 0.918971, 0.952333, 0.96941 ] }, { "date": "2023-11-24", "close": 0.931885, "volume": 346314, "typical_volume": 1094191.1, "trend": 0.982582, "fair_value": 1.208897, "relative_strength": -3.499844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.319579, "energy": 34.651539, "activity_lines": [ 0.923601, 0.919298, 0.947455, 0.965969 ] }, { "date": "2023-12-01", "close": 0.92301, "volume": 613973, "typical_volume": 1047539.95, "trend": 0.979935, "fair_value": 1.205769, "relative_strength": -5.568912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.677235, "energy": 27.444283, "activity_lines": [ 0.92656, 0.919137, 0.942274, 0.962126 ] }, { "date": "2023-12-08", "close": 0.914135, "volume": 930803, "typical_volume": 1043563.75, "trend": 0.97728, "fair_value": 1.202585, "relative_strength": -7.315901, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.930789, "energy": 25.608656, "activity_lines": [ 0.924193, 0.91833, 0.936954, 0.957881 ] }, { "date": "2023-12-15", "close": 0.95851, "volume": 899065, "typical_volume": 1031181.15, "trend": 0.97524, "fair_value": 1.199199, "relative_strength": -3.076134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.595177, "energy": 18.441827, "activity_lines": [ 0.935435, 0.926076, 0.936528, 0.95667 ] }, { "date": "2023-12-22", "close": 0.949635, "volume": 1377402, "typical_volume": 1060326.85, "trend": 0.974345, "fair_value": 1.195755, "relative_strength": -4.518011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.530179, "energy": 16.86284, "activity_lines": [ 0.940168, 0.931562, 0.935754, 0.955018 ] }, { "date": "2023-12-29", "close": 0.967385, "volume": 73543, "typical_volume": 1040533.35, "trend": 0.97433, "fair_value": 1.192426, "relative_strength": -3.713996, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.129374, "energy": 12.929876, "activity_lines": [ 0.950818, 0.93963, 0.937045, 0.954569 ] }, { "date": "2024-01-05", "close": 0.949635, "volume": 666774, "typical_volume": 1048386.15, "trend": 0.973722, "fair_value": 1.188788, "relative_strength": -5.142322, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.003232, "energy": 17.864275, "activity_lines": [ 0.953185, 0.943503, 0.936977, 0.952976 ] }, { "date": "2024-01-12", "close": 0.95851, "volume": 458542, "typical_volume": 1031484.4, "trend": 0.973123, "fair_value": 1.184478, "relative_strength": -4.909071, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.304382, "energy": 15.431559, "activity_lines": [ 0.956735, 0.94786, 0.938088, 0.951994 ] }, { "date": "2024-01-19", "close": 0.94076, "volume": 1257347, "typical_volume": 1075427.45, "trend": 0.971932, "fair_value": 1.180152, "relative_strength": -4.900368, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.574352, "energy": 11.623766, "activity_lines": [ 0.95141, 0.94786, 0.937883, 0.949906 ] }, { "date": "2024-01-26", "close": 0.931885, "volume": 1201558, "typical_volume": 1109377.75, "trend": 0.969581, "fair_value": 1.176157, "relative_strength": -7.266063, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.697033, "energy": 14.247747, "activity_lines": [ 0.94431, 0.945601, 0.937167, 0.947323 ] }, { "date": "2024-02-02", "close": 0.949635, "volume": 992451, "typical_volume": 1128162.35, "trend": 0.966381, "fair_value": 1.172422, "relative_strength": -5.786224, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.936434, "energy": 12.000885, "activity_lines": [ 0.94431, 0.946892, 0.938435, 0.946036 ] }, { "date": "2024-02-09", "close": 0.94076, "volume": 421180, "typical_volume": 1080440.35, "trend": 0.962021, "fair_value": 1.168582, "relative_strength": -5.947065, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.531776, "energy": 15.420577, "activity_lines": [ 0.942535, 0.946246, 0.939069, 0.944383 ] }, { "date": "2024-02-16", "close": 0.931885, "volume": 440106, "typical_volume": 730816.15, "trend": 0.957942, "fair_value": 1.164733, "relative_strength": -5.549012, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.594857, "energy": 17.980515, "activity_lines": [ 0.938393, 0.943665, 0.939027, 0.942439 ] }, { "date": "2024-02-23", "close": 0.887509, "volume": 1049586, "typical_volume": 762536.4, "trend": 0.952095, "fair_value": 1.161037, "relative_strength": -9.85142, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.587311, "energy": 41.815778, "activity_lines": [ 0.921235, 0.932692, 0.934801, 0.937894 ] }, { "date": "2024-03-01", "close": 0.887509, "volume": 1712807, "typical_volume": 799357.45, "trend": 0.947401, "fair_value": 1.157196, "relative_strength": -9.766134, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.218583, "energy": 56.779971, "activity_lines": [ 0.907626, 0.92301, 0.930744, 0.933728 ] }, { "date": "2024-03-08", "close": 0.914135, "volume": 1528991, "typical_volume": 827501.6, "trend": 0.943306, "fair_value": 1.153517, "relative_strength": -8.146609, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.926378, "energy": 53.761754, "activity_lines": [ 0.905851, 0.919298, 0.929349, 0.931581 ] }, { "date": "2024-03-15", "close": 0.933635, "volume": 1318436, "typical_volume": 875857.4, "trend": 0.940437, "fair_value": 1.149519, "relative_strength": -4.770424, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.050659, "energy": 45.713653, "activity_lines": [ 0.912943, 0.920101, 0.929812, 0.930958 ] }, { "date": "2024-03-22", "close": 0.915328, "volume": 2370333, "typical_volume": 950775.1, "trend": 0.936382, "fair_value": 1.145353, "relative_strength": -8.056119, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.787377, "energy": 27.317752, "activity_lines": [ 0.914407, 0.917865, 0.928311, 0.929338 ] }, { "date": "2024-03-29", "close": 0.961094, "volume": 2969805, "typical_volume": 1052271.15, "trend": 0.934716, "fair_value": 1.141135, "relative_strength": -4.27896, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.264643, "energy": 6.55793, "activity_lines": [ 0.932231, 0.924736, 0.931079, 0.930932 ] }, { "date": "2024-04-05", "close": 0.988554, "volume": 4393869, "typical_volume": 1251144.25, "trend": 0.934542, "fair_value": 1.137192, "relative_strength": -0.681507, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.363623, "energy": 30.484728, "activity_lines": [ 0.954302, 0.93623, 0.936196, 0.934405 ] }, { "date": "2024-04-12", "close": 1.043474, "volume": 2694303, "typical_volume": 1368543.7, "trend": 0.936198, "fair_value": 1.133551, "relative_strength": 5.47179, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 82.730913, "energy": 73.679474, "activity_lines": [ 0.987944, 0.956679, 0.946358, 0.941433 ] }, { "date": "2024-04-19", "close": 1.043474, "volume": 2645742, "typical_volume": 1470132.15, "trend": 0.938439, "fair_value": 1.130109, "relative_strength": 6.552807, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.203437, "energy": 81.144723, "activity_lines": [ 1.012963, 0.975422, 0.955989, 0.948354 ] }, { "date": "2024-04-26", "close": 1.070934, "volume": 2190777, "typical_volume": 1533130.85, "trend": 0.942778, "fair_value": 1.126743, "relative_strength": 9.107723, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.047613, "energy": 86.684431, "activity_lines": [ 1.039813, 0.99729, 0.967662, 0.956902 ] }, { "date": "2024-05-03", "close": 1.061781, "volume": 1356570, "typical_volume": 1556006.1, "trend": 0.947404, "fair_value": 1.123664, "relative_strength": 6.855805, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.534645, "energy": 84.844581, "activity_lines": [ 1.053238, 1.014966, 0.977716, 0.96458 ] }, { "date": "2024-05-10", "close": 1.034321, "volume": 553692, "typical_volume": 1514820.6, "trend": 0.95141, "fair_value": 1.12046, "relative_strength": 5.596073, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.091247, "energy": 78.258892, "activity_lines": [ 1.050797, 1.02448, 0.984663, 0.970187 ] }, { "date": "2024-05-17", "close": 1.016014, "volume": 785978, "typical_volume": 1550442.35, "trend": 0.954806, "fair_value": 1.116989, "relative_strength": 4.156378, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.246202, "energy": 51.525223, "activity_lines": [ 1.039203, 1.027997, 0.989463, 0.974355 ] }, { "date": "2024-05-24", "close": 0.997708, "volume": 521659, "typical_volume": 1543186.6, "trend": 0.958479, "fair_value": 1.113203, "relative_strength": 1.504301, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.903983, "energy": 35.306825, "activity_lines": [ 1.023337, 1.026333, 0.992289, 0.977123 ] }, { "date": "2024-05-31", "close": 1.006861, "volume": 793212, "typical_volume": 1559920.1, "trend": 0.962162, "fair_value": 1.109279, "relative_strength": 1.63209, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.241378, "energy": 23.890694, "activity_lines": [ 1.013573, 1.025168, 0.995757, 0.980245 ] }, { "date": "2024-06-07", "close": 0.970248, "volume": 629415, "typical_volume": 1528523.5, "trend": 0.964328, "fair_value": 1.105268, "relative_strength": -1.953324, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.52786, "energy": 22.742942, "activity_lines": [ 0.995877, 1.015681, 0.995508, 0.980766 ] }, { "date": "2024-06-14", "close": 0.961094, "volume": 751758, "typical_volume": 1506033.5, "trend": 0.96471, "fair_value": 1.101198, "relative_strength": -2.907397, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.556985, "energy": 20.077609, "activity_lines": [ 0.981232, 1.004365, 0.994247, 0.980558 ] }, { "date": "2024-06-21", "close": 0.997708, "volume": 1372747, "typical_volume": 1525048.3, "trend": 0.966904, "fair_value": 1.097511, "relative_strength": 2.313914, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.931764, "energy": 19.95231, "activity_lines": [ 0.983673, 1.000204, 0.996333, 0.982687 ] }, { "date": "2024-06-28", "close": 0.979401, "volume": 1150475, "typical_volume": 1561513.05, "trend": 0.968784, "fair_value": 1.094003, "relative_strength": 0.148556, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.092682, "energy": 15.584245, "activity_lines": [ 0.981232, 0.993547, 0.996448, 0.983493 ] }, { "date": "2024-07-05", "close": 0.988554, "volume": 626886, "typical_volume": 1570852.05, "trend": 0.971265, "fair_value": 1.090456, "relative_strength": 0.501627, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.176608, "energy": 12.110331, "activity_lines": [ 0.983062, 0.989719, 0.99725, 0.984768 ] }, { "date": "2024-07-12", "close": 1.043474, "volume": 3622402, "typical_volume": 1699492.85, "trend": 0.974097, "fair_value": 1.087655, "relative_strength": 3.187684, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.440238, "energy": 26.160299, "activity_lines": [ 1.00442, 0.997375, 1.003012, 0.989427 ] }, { "date": "2024-07-19", "close": 1.080087, "volume": 2035155, "typical_volume": 1715610.25, "trend": 0.978445, "fair_value": 1.085139, "relative_strength": 5.172501, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 72.677713, "energy": 64.388996, "activity_lines": [ 1.0331, 1.01202, 1.011519, 0.996265 ] }, { "date": "2024-07-26", "close": 1.089241, "volume": 801829, "typical_volume": 1679252.15, "trend": 0.982507, "fair_value": 1.082632, "relative_strength": 5.877651, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.750144, "energy": 77.666497, "activity_lines": [ 1.056899, 1.027497, 1.019981, 1.003413 ] }, { "date": "2024-08-02", "close": 1.107547, "volume": 1482634, "typical_volume": 1687462.05, "trend": 0.987771, "fair_value": 1.080391, "relative_strength": 6.691855, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.748801, "energy": 84.897444, "activity_lines": [ 1.080697, 1.044972, 1.029352, 1.01148 ] }, { "date": "2024-08-09", "close": 1.14416, "volume": 2091542, "typical_volume": 1673522.5, "trend": 0.993959, "fair_value": 1.078483, "relative_strength": 11.954627, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.077459, "energy": 89.859817, "activity_lines": [ 1.108157, 1.067106, 1.041382, 1.02157 ] }, { "date": "2024-08-16", "close": 1.235693, "volume": 2067136, "typical_volume": 1628389.05, "trend": 1.00379, "fair_value": 1.077162, "relative_strength": 16.062595, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.818982, "energy": 96.910213, "activity_lines": [ 1.155754, 1.103386, 1.06104, 1.037166 ] }, { "date": "2024-08-23", "close": 1.263153, "volume": 2422360, "typical_volume": 1529813.6, "trend": 1.014832, "fair_value": 1.076264, "relative_strength": 20.227296, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.201758, "energy": 96.536092, "activity_lines": [ 1.19969, 1.139833, 1.082005, 1.053899 ] }, { "date": "2024-08-30", "close": 1.19908, "volume": 891409, "typical_volume": 1439668.9, "trend": 1.023147, "fair_value": 1.074807, "relative_strength": 14.656539, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.872123, "energy": 86.411202, "activity_lines": [ 1.210064, 1.159138, 1.095561, 1.065786 ] }, { "date": "2024-09-06", "close": 1.153314, "volume": 446829, "typical_volume": 1329723.25, "trend": 1.030232, "fair_value": 1.073555, "relative_strength": 8.718266, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.824606, "energy": 69.748777, "activity_lines": [ 1.19786, 1.166461, 1.104017, 1.074184 ] }, { "date": "2024-09-13", "close": 1.235693, "volume": 699758, "typical_volume": 1255172.3, "trend": 1.040359, "fair_value": 1.072681, "relative_strength": 14.285807, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.092812, "energy": 63.578494, "activity_lines": [ 1.210064, 1.1856, 1.119795, 1.087439 ] }, { "date": "2024-09-20", "close": 1.180557, "volume": 1074167, "typical_volume": 1241052.15, "trend": 1.050128, "fair_value": 1.071453, "relative_strength": 12.060195, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.585693, "energy": 48.33872, "activity_lines": [ 1.197787, 1.19022, 1.129538, 1.096484 ] }, { "date": "2024-09-27", "close": 1.180557, "volume": 1184427, "typical_volume": 1272588.9, "trend": 1.059896, "fair_value": 1.070325, "relative_strength": 11.95694, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.766334, "energy": 38.16074, "activity_lines": [ 1.189187, 1.192348, 1.138715, 1.104899 ] }, { "date": "2024-10-04", "close": 1.199296, "volume": 1118318, "typical_volume": 1289205.9, "trend": 1.069401, "fair_value": 1.069368, "relative_strength": 11.932182, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.782041, "energy": 38.474726, "activity_lines": [ 1.192339, 1.196057, 1.148981, 1.113893 ] }, { "date": "2024-10-11", "close": 1.283622, "volume": 1270910, "typical_volume": 1326668.45, "trend": 1.081067, "fair_value": 1.068901, "relative_strength": 17.198881, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 76.151539, "energy": 51.299291, "activity_lines": [ 1.223585, 1.213096, 1.166405, 1.127713 ] }, { "date": "2024-10-18", "close": 1.31173, "volume": 1171807, "typical_volume": 1345598.2, "trend": 1.094281, "fair_value": 1.068514, "relative_strength": 19.452684, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.802245, "energy": 60.109373, "activity_lines": [ 1.255513, 1.232045, 1.185144, 1.142595 ] }, { "date": "2024-10-25", "close": 1.330469, "volume": 630132, "typical_volume": 1345634.05, "trend": 1.106593, "fair_value": 1.068348, "relative_strength": 21.063922, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.538354, "energy": 80.36454, "activity_lines": [ 1.288619, 1.251354, 1.204216, 1.157833 ] }, { "date": "2024-11-01", "close": 1.264883, "volume": 4380183, "typical_volume": 1527055.3, "trend": 1.115804, "fair_value": 1.06756, "relative_strength": 16.518583, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.702864, "energy": 72.784028, "activity_lines": [ 1.289868, 1.257015, 1.215327, 1.168045 ] }, { "date": "2024-11-08", "close": 1.386686, "volume": 5041852, "typical_volume": 1710510.55, "trend": 1.127245, "fair_value": 1.067502, "relative_strength": 24.868551, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.506876, "energy": 77.932112, "activity_lines": [ 1.326097, 1.284791, 1.236591, 1.185521 ] }, { "date": "2024-11-15", "close": 1.31173, "volume": 1427450, "typical_volume": 1724359.3, "trend": 1.136187, "fair_value": 1.067065, "relative_strength": 18.431503, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.671411, "energy": 56.078948, "activity_lines": [ 1.324847, 1.295527, 1.248865, 1.197423 ] }, { "date": "2024-11-22", "close": 1.367947, "volume": 856849, "typical_volume": 1735857.45, "trend": 1.146087, "fair_value": 1.066938, "relative_strength": 19.552977, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.08196, "energy": 55.780404, "activity_lines": [ 1.340463, 1.313604, 1.264909, 1.212376 ] }, { "date": "2024-11-29", "close": 1.396056, "volume": 1273016, "typical_volume": 1618388.15, "trend": 1.157229, "fair_value": 1.06699, "relative_strength": 21.095355, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.01243, "energy": 63.437572, "activity_lines": [ 1.361701, 1.334387, 1.281825, 1.228503 ] }, { "date": "2024-12-06", "close": 1.396056, "volume": 813800, "typical_volume": 1557320.4, "trend": 1.169287, "fair_value": 1.066943, "relative_strength": 22.739731, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.901779, "energy": 61.025612, "activity_lines": [ 1.378566, 1.351252, 1.297061, 1.243911 ] }, { "date": "2024-12-13", "close": 1.377317, "volume": 848285, "typical_volume": 1559643.2, "trend": 1.181331, "fair_value": 1.066775, "relative_strength": 20.96253, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.392166, "energy": 61.27532, "activity_lines": [ 1.38044, 1.360792, 1.309008, 1.257332 ] }, { "date": "2024-12-20", "close": 1.405425, "volume": 891108, "typical_volume": 1530066.9, "trend": 1.194921, "fair_value": 1.066737, "relative_strength": 21.284763, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.635986, "energy": 62.974427, "activity_lines": [ 1.392308, 1.372206, 1.32226, 1.27179 ] }, { "date": "2024-12-27", "close": 1.386686, "volume": 197487, "typical_volume": 1435364.15, "trend": 1.207582, "fair_value": 1.066529, "relative_strength": 16.371196, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.322711, "energy": 50.607106, "activity_lines": [ 1.391683, 1.377998, 1.332309, 1.284162 ] }, { "date": "2025-01-03", "close": 1.386686, "volume": 99040, "typical_volume": 1336959.35, "trend": 1.221463, "fair_value": 1.066321, "relative_strength": 16.96337, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.226633, "energy": 45.44925, "activity_lines": [ 1.389809, 1.382427, 1.341203, 1.295717 ] }, { "date": "2025-01-10", "close": 1.405425, "volume": 524635, "typical_volume": 1242073.1, "trend": 1.236274, "fair_value": 1.066233, "relative_strength": 19.4111, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.053927, "energy": 46.79508, "activity_lines": [ 1.394806, 1.389241, 1.351163, 1.307585 ] }, { "date": "2025-01-17", "close": 1.358578, "volume": 753269, "typical_volume": 1235166.1, "trend": 1.248303, "fair_value": 1.066096, "relative_strength": 12.827016, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.259506, "energy": 33.60651, "activity_lines": [ 1.383563, 1.384983, 1.355984, 1.315476 ] }, { "date": "2025-01-24", "close": 1.396056, "volume": 1040635, "typical_volume": 1264856.4, "trend": 1.262192, "fair_value": 1.066299, "relative_strength": 16.181137, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.712399, "energy": 32.157352, "activity_lines": [ 1.386062, 1.388049, 1.363614, 1.325008 ] }, { "date": "2025-01-31", "close": 1.386686, "volume": 457209, "typical_volume": 1252728.95, "trend": 1.275463, "fair_value": 1.066493, "relative_strength": 15.014908, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.47323, "energy": 28.919773, "activity_lines": [ 1.386062, 1.387879, 1.369196, 1.33304 ] }, { "date": "2025-02-07", "close": 1.442903, "volume": 1347973, "typical_volume": 1266419.25, "trend": 1.288777, "fair_value": 1.066897, "relative_strength": 19.731294, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.574574, "energy": 42.816553, "activity_lines": [ 1.404801, 1.397589, 1.379414, 1.343843 ] }, { "date": "2025-02-14", "close": 1.433534, "volume": 1090911, "typical_volume": 1261743.45, "trend": 1.300559, "fair_value": 1.067391, "relative_strength": 17.410702, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.709457, "energy": 51.268121, "activity_lines": [ 1.416669, 1.404744, 1.387489, 1.353182 ] }, { "date": "2025-02-21", "close": 1.564707, "volume": 1538180, "typical_volume": 1282736.55, "trend": 1.316408, "fair_value": 1.06985, "relative_strength": 29.289412, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.90845, "energy": 84.516075, "activity_lines": [ 1.470387, 1.435067, 1.406853, 1.370224 ] }, { "date": "2025-02-28", "close": 1.49912, "volume": 1874321, "typical_volume": 1312907.1, "trend": 1.32946, "fair_value": 1.07194, "relative_strength": 24.263207, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.835965, "energy": 80.804392, "activity_lines": [ 1.488501, 1.450058, 1.41823, 1.382012 ] }, { "date": "2025-03-07", "close": 1.508489, "volume": 719083, "typical_volume": 1290270.9, "trend": 1.341604, "fair_value": 1.074352, "relative_strength": 25.935059, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.297692, "energy": 76.947084, "activity_lines": [ 1.502868, 1.465049, 1.429474, 1.393562 ] }, { "date": "2025-03-14", "close": 1.517859, "volume": 1914458, "typical_volume": 1354487.2, "trend": 1.35101, "fair_value": 1.076772, "relative_strength": 26.974459, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.604965, "energy": 74.498494, "activity_lines": [ 1.512237, 1.479529, 1.440672, 1.404933 ] }, { "date": "2025-03-21", "close": 1.490706, "volume": 1744281, "typical_volume": 1222692.1, "trend": 1.358595, "fair_value": 1.078861, "relative_strength": 25.123327, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.554205, "energy": 48.172108, "activity_lines": [ 1.507559, 1.486688, 1.448393, 1.413946 ] }, { "date": "2025-03-28", "close": 1.48115, "volume": 837483, "typical_volume": 1012473.65, "trend": 1.367997, "fair_value": 1.080888, "relative_strength": 21.583365, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.560434, "energy": 40.942396, "activity_lines": [ 1.495883, 1.490558, 1.454128, 1.421853 ] }, { "date": "2025-04-04", "close": 1.490706, "volume": 775391, "typical_volume": 979870.7, "trend": 1.379244, "fair_value": 1.083238, "relative_strength": 22.051702, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.382473, "energy": 31.144979, "activity_lines": [ 1.492964, 1.493937, 1.460323, 1.429769 ] }, { "date": "2025-04-11", "close": 1.404704, "volume": 1984188, "typical_volume": 1036237.65, "trend": 1.384878, "fair_value": 1.085037, "relative_strength": 16.324268, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.862083, "energy": 14.864242, "activity_lines": [ 1.461938, 1.479958, 1.457475, 1.431412 ] }, { "date": "2025-04-18", "close": 1.433371, "volume": 6634013, "typical_volume": 1304287.5, "trend": 1.393305, "fair_value": 1.087385, "relative_strength": 17.052105, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.158367, "energy": 17.294109, "activity_lines": [ 1.447386, 1.470864, 1.457183, 1.43454 ] }, { "date": "2025-04-25", "close": 1.41426, "volume": 547426, "typical_volume": 1290968.8, "trend": 1.401095, "fair_value": 1.089767, "relative_strength": 15.868945, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.932728, "energy": 15.36679, "activity_lines": [ 1.432097, 1.458469, 1.454892, 1.435892 ] }, { "date": "2025-05-02", "close": 1.48115, "volume": 2134965, "typical_volume": 1355302.8, "trend": 1.41049, "fair_value": 1.092735, "relative_strength": 17.602333, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.891054, "energy": 15.171537, "activity_lines": [ 1.444201, 1.458586, 1.458886, 1.441057 ] }, { "date": "2025-05-09", "close": 1.509818, "volume": 2541744, "typical_volume": 1437834.6, "trend": 1.41803, "fair_value": 1.095677, "relative_strength": 16.545062, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.99078, "energy": 20.204383, "activity_lines": [ 1.465861, 1.465434, 1.465115, 1.447466 ] }, { "date": "2025-05-16", "close": 1.452483, "volume": 1755207, "typical_volume": 1515720.6, "trend": 1.422722, "fair_value": 1.0982, "relative_strength": 9.975394, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.524222, "energy": 14.730341, "activity_lines": [ 1.467135, 1.461664, 1.465387, 1.449688 ] }, { "date": "2025-05-23", "close": 1.528929, "volume": 3228844, "typical_volume": 1672210.8, "trend": 1.429337, "fair_value": 1.101317, "relative_strength": 16.714679, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 56.466537, "energy": 36.62487, "activity_lines": [ 1.490706, 1.472811, 1.472626, 1.45654 ] }, { "date": "2025-05-30", "close": 1.471595, "volume": 1506082, "typical_volume": 1721283.15, "trend": 1.436227, "fair_value": 1.104172, "relative_strength": 13.23985, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.747959, "energy": 30.181099, "activity_lines": [ 1.488795, 1.473332, 1.473727, 1.459267 ] }, { "date": "2025-06-06", "close": 1.442927, "volume": 599417, "typical_volume": 1713590.55, "trend": 1.438102, "fair_value": 1.106738, "relative_strength": 9.093977, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.245299, "energy": 13.880283, "activity_lines": [ 1.473506, 1.468988, 1.471783, 1.459699 ] }, { "date": "2025-06-13", "close": 1.471595, "volume": 885594, "typical_volume": 1705838.5, "trend": 1.443431, "fair_value": 1.109435, "relative_strength": 10.62341, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.579395, "energy": 11.741233, "activity_lines": [ 1.470321, 1.470552, 1.472168, 1.46186 ] }, { "date": "2025-06-20", "close": 1.433371, "volume": 452147, "typical_volume": 1705585.4, "trend": 1.445612, "fair_value": 1.111992, "relative_strength": 7.054985, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.759787, "energy": 7.767204, "activity_lines": [ 1.456942, 1.465514, 1.468552, 1.461211 ] }, { "date": "2025-06-27", "close": 1.41426, "volume": 920173, "typical_volume": 1684195.4, "trend": 1.446218, "fair_value": 1.114635, "relative_strength": 4.959789, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.066554, "energy": 17.457703, "activity_lines": [ 1.438468, 1.456479, 1.462894, 1.459188 ] }, { "date": "2025-07-04", "close": 1.442927, "volume": 1245801, "typical_volume": 1691939.9, "trend": 1.447781, "fair_value": 1.117305, "relative_strength": 5.001366, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.07499, "energy": 20.543159, "activity_lines": [ 1.437194, 1.453004, 1.460103, 1.458976 ] }, { "date": "2025-07-11", "close": 1.462039, "volume": 2502908, "typical_volume": 1740176.3, "trend": 1.450605, "fair_value": 1.120203, "relative_strength": 6.505729, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.343574, "energy": 20.190053, "activity_lines": [ 1.444201, 1.452483, 1.459087, 1.459896 ] }, { "date": "2025-07-18", "close": 1.471595, "volume": 1146378, "typical_volume": 1703779.15, "trend": 1.452811, "fair_value": 1.123161, "relative_strength": 5.092318, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.657137, "energy": 7.640183, "activity_lines": [ 1.45312, 1.454047, 1.45947, 1.46125 ] }, { "date": "2025-07-25", "close": 1.462039, "volume": 1070793, "typical_volume": 1721364.65, "trend": 1.455322, "fair_value": 1.126268, "relative_strength": 4.158061, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.329697, "energy": 3.683485, "activity_lines": [ 1.458854, 1.454568, 1.459074, 1.461845 ] }, { "date": "2025-08-01", "close": 1.452483, "volume": 1024320, "typical_volume": 1676857.75, "trend": 1.457515, "fair_value": 1.129156, "relative_strength": 4.024743, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.391672, "energy": 4.638708, "activity_lines": [ 1.459491, 1.453178, 1.457989, 1.461662 ] }, { "date": "2025-08-08", "close": 1.395148, "volume": 7388661, "typical_volume": 1959076.75, "trend": 1.457173, "fair_value": 1.131572, "relative_strength": -1.240479, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.219663, "energy": 20.768895, "activity_lines": [ 1.438468, 1.442754, 1.451755, 1.457638 ] }, { "date": "2025-08-15", "close": 1.385592, "volume": 1550532, "typical_volume": 1994729.2, "trend": 1.458073, "fair_value": 1.133405, "relative_strength": -2.435086, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.369617, "energy": 53.652188, "activity_lines": [ 1.417445, 1.431981, 1.445066, 1.45302 ] }, { "date": "2025-08-22", "close": 1.385592, "volume": 12430020, "typical_volume": 2577460.65, "trend": 1.457725, "fair_value": 1.135447, "relative_strength": -3.673622, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.788796, "energy": 64.300908, "activity_lines": [ 1.401518, 1.422252, 1.438832, 1.448344 ] }, { "date": "2025-08-29", "close": 1.328257, "volume": 11141110, "typical_volume": 3035306.75, "trend": 1.455777, "fair_value": 1.137225, "relative_strength": -6.963219, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.136432, "energy": 79.272624, "activity_lines": [ 1.372214, 1.403661, 1.427638, 1.439991 ] }, { "date": "2025-09-05", "close": 1.347369, "volume": 1696276, "typical_volume": 2788419.9, "trend": 1.452593, "fair_value": 1.139114, "relative_strength": -7.882239, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.432578, "energy": 76.725026, "activity_lines": [ 1.358199, 1.390457, 1.418628, 1.432997 ] }, { "date": "2025-09-12", "close": 1.371259, "volume": 713805, "typical_volume": 2796738.85, "trend": 1.450517, "fair_value": 1.141318, "relative_strength": -6.399828, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.089982, "energy": 69.317271, "activity_lines": [ 1.359155, 1.382812, 1.412303, 1.42775 ] }, { "date": "2025-09-19", "close": 1.356518, "volume": 1578984, "typical_volume": 2768939.8, "trend": 1.443577, "fair_value": 1.143373, "relative_strength": -7.559357, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.841001, "energy": 62.368889, "activity_lines": [ 1.356789, 1.373791, 1.404779, 1.421685 ] }, { "date": "2025-09-26", "close": 1.327241, "volume": 1061057, "typical_volume": 2694905.45, "trend": 1.437848, "fair_value": 1.145402, "relative_strength": -8.829266, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.419399, "energy": 51.231786, "activity_lines": [ 1.346603, 1.361364, 1.39506, 1.41418 ] }, { "date": "2025-10-03", "close": 1.385796, "volume": 3217069, "typical_volume": 2767998.55, "trend": 1.433758, "fair_value": 1.147807, "relative_strength": -7.761247, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.437402, "energy": 37.840309, "activity_lines": [ 1.359826, 1.362209, 1.391787, 1.410822 ] }, { "date": "2025-10-10", "close": 1.454109, "volume": 5011588, "typical_volume": 2857135.75, "trend": 1.431633, "fair_value": 1.15065, "relative_strength": -3.012773, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.164828, "energy": 12.962123, "activity_lines": [ 1.391983, 1.376861, 1.395338, 1.412135 ] }, { "date": "2025-10-17", "close": 1.468748, "volume": 1841470, "typical_volume": 2873905.15, "trend": 1.430901, "fair_value": 1.153749, "relative_strength": -0.864848, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.921453, "energy": 15.022414, "activity_lines": [ 1.421904, 1.394144, 1.400639, 1.414529 ] }, { "date": "2025-10-24", "close": 1.493146, "volume": 1311476, "typical_volume": 2909508.1, "trend": 1.431301, "fair_value": 1.157004, "relative_strength": -0.114763, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 30.363289, "energy": 35.101541, "activity_lines": [ 1.453459, 1.414526, 1.408277, 1.418545 ] }, { "date": "2025-10-31", "close": 1.502905, "volume": 1212573, "typical_volume": 2925857.05, "trend": 1.431708, "fair_value": 1.160321, "relative_strength": -0.799572, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.295287, "energy": 48.855628, "activity_lines": [ 1.479158, 1.434726, 1.416606, 1.423165 ] }, { "date": "2025-11-07", "close": 1.512664, "volume": 1043973, "typical_volume": 2955448.35, "trend": 1.435306, "fair_value": 1.163593, "relative_strength": -0.57428, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.027825, "energy": 62.453003, "activity_lines": [ 1.496399, 1.454568, 1.425715, 1.428388 ] }, { "date": "2025-11-14", "close": 1.498026, "volume": 1267961, "typical_volume": 2972837.75, "trend": 1.437461, "fair_value": 1.16661, "relative_strength": -0.685008, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.828871, "energy": 61.865015, "activity_lines": [ 1.500303, 1.468395, 1.433052, 1.432434 ] }, { "date": "2025-11-21", "close": 1.512664, "volume": 1212644, "typical_volume": 2971179.9, "trend": 1.440742, "fair_value": 1.169774, "relative_strength": 0.48706, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.834579, "energy": 57.004883, "activity_lines": [ 1.506158, 1.482145, 1.441385, 1.437286 ] }, { "date": "2025-11-28", "close": 1.483387, "volume": 847642, "typical_volume": 2888416.6, "trend": 1.440816, "fair_value": 1.172642, "relative_strength": -2.019945, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.869135, "energy": 35.460482, "activity_lines": [ 1.499327, 1.488, 1.446597, 1.440037 ] }, { "date": "2025-12-05", "close": 1.454109, "volume": 1620991, "typical_volume": 2912147.25, "trend": 1.438959, "fair_value": 1.175323, "relative_strength": -3.898184, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 45.104764, "energy": 30.837512, "activity_lines": [ 1.483387, 1.486226, 1.448919, 1.440895 ] }, { "date": "2025-12-12", "close": 1.454109, "volume": 3311229, "typical_volume": 3024169.05, "trend": 1.439013, "fair_value": 1.177788, "relative_strength": -3.353467, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 39.259558, "energy": 22.225443, "activity_lines": [ 1.4707, 1.482145, 1.451324, 1.441872 ] }, { "date": "2025-12-19", "close": 1.463869, "volume": 2233029, "typical_volume": 3084604.5, "trend": 1.436845, "fair_value": 1.180639, "relative_strength": -2.18306, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.715939, "energy": 21.235839, "activity_lines": [ 1.46517, 1.478596, 1.454697, 1.443476 ] }, { "date": "2025-12-26", "close": 1.502905, "volume": 780701, "typical_volume": 2754206.5, "trend": 1.437888, "fair_value": 1.183741, "relative_strength": -1.129932, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.869034, "energy": 22.908247, "activity_lines": [ 1.474929, 1.481967, 1.461733, 1.447738 ] }, { "date": "2026-01-02", "close": 1.522423, "volume": 192090, "typical_volume": 2686284.4, "trend": 1.440538, "fair_value": 1.186914, "relative_strength": -0.095988, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.490087, "energy": 36.029453, "activity_lines": [ 1.491845, 1.488266, 1.470115, 1.453192 ] }, { "date": "2026-01-09", "close": 1.502905, "volume": 729813, "typical_volume": 2101274.05, "trend": 1.441582, "fair_value": 1.189637, "relative_strength": -2.45378, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.480245, "energy": 45.360541, "activity_lines": [ 1.499652, 1.490484, 1.475987, 1.457215 ] }, { "date": "2026-01-16", "close": 1.488266, "volume": 844575, "typical_volume": 1586447.3, "trend": 1.443412, "fair_value": 1.192159, "relative_strength": -3.640496, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.897974, "energy": 43.675133, "activity_lines": [ 1.499327, 1.490041, 1.479905, 1.460227 ] }, { "date": "2026-01-23", "close": 1.493146, "volume": 417974, "typical_volume": 1522532.2, "trend": 1.446041, "fair_value": 1.194982, "relative_strength": -1.449298, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.10233, "energy": 37.798174, "activity_lines": [ 1.498351, 1.490928, 1.483527, 1.463436 ] }, { "date": "2026-01-30", "close": 1.468748, "volume": 391684, "typical_volume": 1506426.15, "trend": 1.446902, "fair_value": 1.197595, "relative_strength": -2.923533, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.195055, "energy": 20.353577, "activity_lines": [ 1.48729, 1.487468, 1.48413, 1.464901 ] }, { "date": "2026-02-06", "close": 1.380916, "volume": 673710, "typical_volume": 1461162.45, "trend": 1.444198, "fair_value": 1.199591, "relative_strength": -8.728256, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -11.827788, "energy": 18.067861, "activity_lines": [ 1.44923, 1.468837, 1.475905, 1.460644 ] }, { "date": "2026-02-13", "close": 1.376036, "volume": 902393, "typical_volume": 1453229.25, "trend": 1.441013, "fair_value": 1.201555, "relative_strength": -7.259972, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.357744, "energy": 43.618513, "activity_lines": [ 1.418976, 1.451182, 1.467098, 1.456246 ] }, { "date": "2026-02-20", "close": 1.385796, "volume": 1430516, "typical_volume": 1363901.6, "trend": 1.438471, "fair_value": 1.204068, "relative_strength": -7.081391, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.339167, "energy": 57.006045, "activity_lines": [ 1.400434, 1.43672, 1.458989, 1.452684 ] }, { "date": "2026-02-27", "close": 1.44435, "volume": 563162, "typical_volume": 1141480.3, "trend": 1.4382, "fair_value": 1.206568, "relative_strength": -5.858581, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.385427, "energy": 49.14322, "activity_lines": [ 1.408241, 1.434147, 1.456456, 1.453063 ] }, { "date": "2026-03-06", "close": 1.405314, "volume": 1791787, "typical_volume": 1138996.15, "trend": 1.438539, "fair_value": 1.208708, "relative_strength": -6.739295, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.142922, "energy": 43.694789, "activity_lines": [ 1.40629, 1.424832, 1.450252, 1.450941 ] }, { "date": "2026-03-13", "close": 1.366277, "volume": 587541, "typical_volume": 1102799.4, "trend": 1.437895, "fair_value": 1.21093, "relative_strength": -6.723073, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.441693, "energy": 35.254937, "activity_lines": [ 1.395555, 1.410193, 1.440632, 1.446279 ] }, { "date": "2026-03-20", "close": 1.32, "volume": 1204112, "typical_volume": 1102376.35, "trend": 1.435709, "fair_value": 1.21291, "relative_strength": -8.172399, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.162391, "energy": 42.751847, "activity_lines": [ 1.37037, 1.38998, 1.42721, 1.438673 ] }, { "date": "2026-03-27", "close": 1.3, "volume": 1650869, "typical_volume": 1132721.15, "trend": 1.434767, "fair_value": 1.214541, "relative_strength": -8.864572, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -78.600064, "energy": 73.969775, "activity_lines": [ 1.342254, 1.369455, 1.412753, 1.429918 ] }, { "date": "2026-04-03", "close": 1.33, "volume": 4283377, "typical_volume": 1283491.95, "trend": 1.434188, "fair_value": 1.216474, "relative_strength": -6.212895, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.16211, "energy": 72.688678, "activity_lines": [ 1.329858, 1.357808, 1.402166, 1.423159 ] }, { "date": "2026-04-10", "close": 1.365, "volume": 2131419, "typical_volume": 1329430.7, "trend": 1.433979, "fair_value": 1.218799, "relative_strength": -5.564233, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.695158, "energy": 64.671401, "activity_lines": [ 1.336752, 1.355491, 1.395713, 1.418695 ] }, { "date": "2026-04-17", "close": 1.39, "volume": 1186284, "typical_volume": 1346362.8, "trend": 1.435095, "fair_value": 1.221338, "relative_strength": -1.597351, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.179875, "energy": 40.105208, "activity_lines": [ 1.354667, 1.359606, 1.392343, 1.415858 ] }, { "date": "2026-04-24", "close": 1.4, "volume": 1798556, "typical_volume": 1355241.05, "trend": 1.43752, "fair_value": 1.223832, "relative_strength": -0.49654, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.617277, "energy": 21.840703, "activity_lines": [ 1.374333, 1.365374, 1.390371, 1.413593 ] }, { "date": "2026-05-01", "close": 1.4, "volume": 1044547, "typical_volume": 1241906.95, "trend": 1.437994, "fair_value": 1.22638, "relative_strength": -1.528604, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.247629, "energy": 22.24641, "activity_lines": [ 1.388667, 1.370706, 1.388656, 1.411173 ] }, { "date": "2026-05-08", "close": 1.4, "volume": 1434955, "typical_volume": 1202003.25, "trend": 1.43619, "fair_value": 1.228984, "relative_strength": -2.311642, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.908228, "energy": 22.571812, "activity_lines": [ 1.396333, 1.375779, 1.387199, 1.408721 ] }, { "date": "2026-05-15", "close": 1.35, "volume": 760199, "typical_volume": 1200978.15, "trend": 1.432232, "fair_value": 1.231102, "relative_strength": -4.113379, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.624105, "energy": 21.008503, "activity_lines": [ 1.382667, 1.372569, 1.381285, 1.403161 ] }, { "date": "2026-05-22", "close": 1.375, "volume": 2809237, "typical_volume": 1331835.5, "trend": 1.428294, "fair_value": 1.233656, "relative_strength": -2.266496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.700299, "energy": 16.591217, "activity_lines": [ 1.378333, 1.374909, 1.378479, 1.399468 ] }, { "date": "2026-05-29", "close": 1.38, "volume": 1904547, "typical_volume": 1390572.2, "trend": 1.424197, "fair_value": 1.236298, "relative_strength": -3.541604, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.418946, "energy": 19.171913, "activity_lines": [ 1.376667, 1.378, 1.376852, 1.396353 ] }, { "date": "2026-06-05", "close": 1.34, "volume": 843168, "typical_volume": 1390501.85, "trend": 1.418442, "fair_value": 1.238684, "relative_strength": -5.530494, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.811351, "energy": 31.17825, "activity_lines": [ 1.363, 1.372727, 1.372, 1.390921 ] }, { "date": "2026-06-12", "close": 1.395, "volume": 116325, "typical_volume": 1375419.4, "trend": 1.415007, "fair_value": 1.241366, "relative_strength": -3.129691, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.136238, "energy": 17.62319, "activity_lines": [ 1.371667, 1.376727, 1.373093, 1.389408 ] }, { "date": "2026-06-19", "close": 1.39, "volume": 305585, "typical_volume": 1371114.45, "trend": 1.410919, "fair_value": 1.244017, "relative_strength": -4.015106, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.536475, "energy": 10.493576, "activity_lines": [ 1.379, 1.378636, 1.374176, 1.387795 ] }, { "date": "2026-06-26", "close": 1.42, "volume": 167454, "typical_volume": 1345801.65, "trend": 1.408806, "fair_value": 1.246694, "relative_strength": -1.814546, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.634125, "energy": 6.529625, "activity_lines": [ 1.393667, 1.385545, 1.378492, 1.388381 ] }, { "date": "2026-07-03", "close": 1.42, "volume": 583977, "typical_volume": 1329880.85, "trend": 1.407669, "fair_value": 1.249094, "relative_strength": -2.549574, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.442246, "energy": 17.46519, "activity_lines": [ 1.405333, 1.391909, 1.382622, 1.389103 ] }, { "date": "2026-07-10", "close": 1.45, "volume": 1052358, "typical_volume": 1310972.95, "trend": 1.407532, "fair_value": 1.25152, "relative_strength": -1.519959, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.680921, "energy": 48.314933, "activity_lines": [ 1.424333, 1.403364, 1.389399, 1.391834 ] }, { "date": "2026-07-17", "close": 1.51, "volume": 1527720, "typical_volume": 1359200.85, "trend": 1.409069, "fair_value": 1.254441, "relative_strength": 3.310674, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 60.244344, "energy": 71.483471, "activity_lines": [ 1.456, 1.424818, 1.401585, 1.398445 ] }, { "date": "2026-07-24", "close": 1.52, "volume": 2701432, "typical_volume": 1404683.1, "trend": 1.409639, "fair_value": 1.257371, "relative_strength": 3.471834, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 57.143576, "energy": 76.44332, "activity_lines": [ 1.483333, 1.446091, 1.414411, 1.405602 ] }, { "date": "2026-07-31", "close": 1.49, "volume": 937894, "typical_volume": 1422200.75, "trend": 1.408558, "fair_value": 1.26033, "relative_strength": 2.068455, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.400793, "energy": 81.154212, "activity_lines": [ 1.492, 1.458818, 1.423833, 1.410786 ] }, { "date": "2026-08-07", "close": 1.495, "volume": 855679, "typical_volume": 1404779.1, "trend": 1.408295, "fair_value": 1.263266, "relative_strength": 1.494728, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.941539, "energy": 79.800979, "activity_lines": [ 1.497667, 1.470364, 1.433143, 1.416363 ] } ], "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." } } }