{ "ticker": { "uuid": "62e38a1f-215e-49ff-b928-f7e55dd69cd6", "symbol": "HMXJ", "name": "HSBC MSCI Pacific ex Japan UCITS ETF", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 80.996, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 82.844, "architecture_energy": 92.133, "architecture_maturity": 12.942, "architecture_confidence": 66.425, "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": 5.55, "rotation_up": 86.28, "upward_expansion": 99.78, "deceleration": 39.01, "rotation_down": 8.43, "downward_expansion": 21.78 }, "activity_lines": [ 15.3668, 15.145055, 14.939752, 14.808276 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 15.524, "trend_reference": 14.620829, "distance_from_trend": 0.061773, "trend_direction": "Improving", "fair_value": 12.543353, "distance_from_fair_value": 0.237628, "fair_value_direction": "Improving", "relative_strength": -5.371377, "relative_strength_direction": "Weakening", "price_momentum": 0.096947, "excess_performance": -0.073944, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.061773, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.039474, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.237628, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.028978, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.053714, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.010528, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.096947, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 7.676084, "read": "Demand-led" } ], "volume": { "latest": 104666, "relative_activity": 2.023194, "balance": 7.676084, "dry_up": 1.427468, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.01658, "annualized_volatility": 0.117629, "from_high_reference": -0.008811, "from_low_reference": 0.210202 }, "levels": { "trend_reference": 14.620829, "fair_value_reference": 12.543353, "structural_low": 13.812, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 30, "median_return": -0.002228, "positive_rate": 0.433333, "directional_follow_through": 0.433333, "median_excess_return": -0.008219, "regime_survival": 0.566667, "best_return": 0.082115, "worst_return": -0.057956, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.025275, "positive_rate": 0.538462, "directional_follow_through": 0.538462, "median_excess_return": -0.014808, "regime_survival": 0.461538, "best_return": 0.084824, "worst_return": -0.090762, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.043952, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.049022, "regime_survival": 0.5, "best_return": 0.106676, "worst_return": -0.086126, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.053672, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.090048, "regime_survival": 0.5, "best_return": 0.160924, "worst_return": -0.068717, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-27", "end": "2025-01-31", "tenure": "Developing", "return": 0.030797, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-02-28", "tenure": "New", "return": -0.016692, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-04", "tenure": "Developing", "return": -0.109186, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-23", "tenure": "Developing", "return": 0.158807, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-07-18", "tenure": "Developing", "return": 0.030953, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2025-10-10", "tenure": "Developing", "return": 0.028137, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-17", "end": "2025-10-24", "tenure": "New", "return": 0.017528, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-31", "end": "2025-11-21", "tenure": "New", "return": -0.037584, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2026-01-09", "tenure": "Developing", "return": 0.029044, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-03-27", "tenure": "Developing", "return": 0.010381, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.036202, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-06-05", "tenure": "Developing", "return": -0.012928, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-12", "end": "2026-07-10", "tenure": "Developing", "return": 0.023278, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.025363, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 10.231066, "volume": 4017, "typical_volume": 7887.7, "trend": 10.979423, "fair_value": 10.702289, "relative_strength": -14.554042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.17628, "energy": 47.427996, "activity_lines": [ 10.58131, 10.671606, 10.756816, 10.82849 ] }, { "date": "2023-08-25", "close": 10.282167, "volume": 26771, "typical_volume": 9186.85, "trend": 10.927423, "fair_value": 10.711647, "relative_strength": -14.87564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.600161, "energy": 73.465943, "activity_lines": [ 10.445445, 10.588805, 10.705293, 10.783506 ] }, { "date": "2023-09-01", "close": 10.652645, "volume": 20434, "typical_volume": 9929.3, "trend": 10.892003, "fair_value": 10.723948, "relative_strength": -12.622594, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.853363, "energy": 66.446428, "activity_lines": [ 10.468075, 10.589279, 10.692448, 10.765778 ] }, { "date": "2023-09-08", "close": 10.484743, "volume": 3713, "typical_volume": 10074.9, "trend": 10.85325, "fair_value": 10.736099, "relative_strength": -12.181585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.014808, "energy": 62.596664, "activity_lines": [ 10.462113, 10.559175, 10.665524, 10.739503 ] }, { "date": "2023-09-15", "close": 10.714696, "volume": 12159, "typical_volume": 9720.05, "trend": 10.830326, "fair_value": 10.748514, "relative_strength": -11.74432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.971118, "energy": 30.866266, "activity_lines": [ 10.551052, 10.576224, 10.66286, 10.730564 ] }, { "date": "2023-09-22", "close": 10.495693, "volume": 33941, "typical_volume": 11366.85, "trend": 10.807966, "fair_value": 10.759525, "relative_strength": -12.026891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.287702, "energy": 21.751983, "activity_lines": [ 10.558596, 10.549969, 10.640129, 10.708975 ] }, { "date": "2023-09-29", "close": 10.54862, "volume": 1108, "typical_volume": 11392.0, "trend": 10.781293, "fair_value": 10.772295, "relative_strength": -10.003493, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.046098, "energy": 20.120896, "activity_lines": [ 10.566139, 10.539195, 10.624492, 10.692243 ] }, { "date": "2023-10-06", "close": 10.428167, "volume": 417, "typical_volume": 10885.55, "trend": 10.753763, "fair_value": 10.784293, "relative_strength": -9.085882, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.897698, "energy": 24.80289, "activity_lines": [ 10.515769, 10.511223, 10.598963, 10.669461 ] }, { "date": "2023-10-13", "close": 10.444592, "volume": 433, "typical_volume": 10706.85, "trend": 10.742689, "fair_value": 10.794966, "relative_strength": -9.800154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.727763, "energy": 35.586514, "activity_lines": [ 10.485838, 10.497784, 10.577476, 10.649514 ] }, { "date": "2023-10-20", "close": 10.108789, "volume": 2545, "typical_volume": 10486.4, "trend": 10.722328, "fair_value": 10.803718, "relative_strength": -9.435296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.441658, "energy": 62.078754, "activity_lines": [ 10.34665, 10.428997, 10.52479, 10.608617 ] }, { "date": "2023-10-27", "close": 10.09419, "volume": 2842, "typical_volume": 9860.0, "trend": 10.690577, "fair_value": 10.812376, "relative_strength": -8.976546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.429194, "energy": 73.743837, "activity_lines": [ 10.242989, 10.366283, 10.474414, 10.568092 ] }, { "date": "2023-11-03", "close": 10.497519, "volume": 19491, "typical_volume": 9789.15, "trend": 10.673999, "fair_value": 10.823662, "relative_strength": -9.536364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.316386, "energy": 58.393428, "activity_lines": [ 10.300538, 10.37939, 10.466416, 10.555637 ] }, { "date": "2023-11-10", "close": 10.26574, "volume": 6963, "typical_volume": 9716.95, "trend": 10.647728, "fair_value": 10.829654, "relative_strength": -10.659533, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.869629, "energy": 54.772141, "activity_lines": [ 10.284234, 10.34644, 10.439486, 10.529298 ] }, { "date": "2023-11-17", "close": 10.433642, "volume": 9001, "typical_volume": 9803.5, "trend": 10.629496, "fair_value": 10.835083, "relative_strength": -11.859779, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.900669, "energy": 32.241548, "activity_lines": [ 10.334726, 10.351052, 10.430376, 10.515486 ] }, { "date": "2023-11-24", "close": 10.479269, "volume": 25986, "typical_volume": 10771.1, "trend": 10.616122, "fair_value": 10.840225, "relative_strength": -10.880443, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.810579, "energy": 18.646536, "activity_lines": [ 10.401157, 10.364889, 10.427255, 10.505793 ] }, { "date": "2023-12-01", "close": 10.56687, "volume": 5370, "typical_volume": 10043.95, "trend": 10.604119, "fair_value": 10.846486, "relative_strength": -11.175827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.910802, "energy": 14.918839, "activity_lines": [ 10.47209, 10.398934, 10.432684, 10.502616 ] }, { "date": "2023-12-08", "close": 10.55227, "volume": 22185, "typical_volume": 10998.95, "trend": 10.593179, "fair_value": 10.852506, "relative_strength": -12.185503, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.350663, "energy": 16.986757, "activity_lines": [ 10.506644, 10.429031, 10.437919, 10.499271 ] }, { "date": "2023-12-15", "close": 10.973849, "volume": 2697, "typical_volume": 11045.25, "trend": 10.594027, "fair_value": 10.860998, "relative_strength": -8.137099, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.207149, "energy": 37.491972, "activity_lines": [ 10.678074, 10.535711, 10.484518, 10.52383 ] }, { "date": "2023-12-22", "close": 11.087001, "volume": 6216, "typical_volume": 10411.05, "trend": 10.609967, "fair_value": 10.870172, "relative_strength": -6.710515, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.93833, "energy": 64.670678, "activity_lines": [ 10.840015, 10.653044, 10.542319, 10.555635 ] }, { "date": "2023-12-29", "close": 11.218403, "volume": 354, "typical_volume": 10332.15, "trend": 10.621053, "fair_value": 10.879232, "relative_strength": -5.171372, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 57.815345, "energy": 77.446989, "activity_lines": [ 11.002198, 10.782587, 10.61107, 10.594889 ] }, { "date": "2024-01-05", "close": 11.037724, "volume": 389, "typical_volume": 10150.75, "trend": 10.624745, "fair_value": 10.88543, "relative_strength": -6.592245, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.80894, "energy": 72.535977, "activity_lines": [ 11.05488, 10.859105, 10.659615, 10.621771 ] }, { "date": "2024-01-12", "close": 10.829673, "volume": 1227, "typical_volume": 8873.55, "trend": 10.613816, "fair_value": 10.889705, "relative_strength": -8.038059, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.105905, "energy": 75.543366, "activity_lines": [ 11.006821, 10.880641, 10.684505, 10.634992 ] }, { "date": "2024-01-19", "close": 10.692911, "volume": 2213, "typical_volume": 7962.5, "trend": 10.615249, "fair_value": 10.892935, "relative_strength": -8.19635, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.448756, "energy": 44.23942, "activity_lines": [ 10.894682, 10.871271, 10.693763, 10.640095 ] }, { "date": "2024-01-26", "close": 11.028405, "volume": 1393, "typical_volume": 7846.5, "trend": 10.623576, "fair_value": 10.900473, "relative_strength": -5.209545, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.204237, "energy": 35.54389, "activity_lines": [ 10.913103, 10.915133, 10.734781, 10.66675 ] }, { "date": "2024-02-02", "close": 10.950124, "volume": 7687, "typical_volume": 7622.9, "trend": 10.637814, "fair_value": 10.904871, "relative_strength": -6.554048, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.503826, "energy": 28.714972, "activity_lines": [ 10.909336, 10.933949, 10.765754, 10.687818 ] }, { "date": "2024-02-09", "close": 10.983673, "volume": 3805, "typical_volume": 6116.1, "trend": 10.643339, "fair_value": 10.909516, "relative_strength": -7.236586, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.973381, "energy": 33.14076, "activity_lines": [ 10.934638, 10.950304, 10.798802, 10.710131 ] }, { "date": "2024-02-16", "close": 11.192425, "volume": 97038, "typical_volume": 10912.6, "trend": 10.65618, "fair_value": 10.914414, "relative_strength": -6.915423, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 76.505998, "energy": 62.929379, "activity_lines": [ 11.033127, 10.997035, 10.849407, 10.745556 ] }, { "date": "2024-02-23", "close": 11.194287, "volume": 1557, "typical_volume": 10969.6, "trend": 10.660547, "fair_value": 10.920697, "relative_strength": -9.329831, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.314217, "energy": 71.277888, "activity_lines": [ 11.108054, 11.032466, 10.897124, 10.780273 ] }, { "date": "2024-03-01", "close": 11.196152, "volume": 5885, "typical_volume": 11242.2, "trend": 10.675136, "fair_value": 10.925183, "relative_strength": -9.643769, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.337446, "energy": 72.49933, "activity_lines": [ 11.150177, 11.064227, 10.94137, 10.814828 ] }, { "date": "2024-03-08", "close": 11.332213, "volume": 2879, "typical_volume": 11258.9, "trend": 10.699917, "fair_value": 10.930466, "relative_strength": -9.493582, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.890829, "energy": 77.836381, "activity_lines": [ 11.22647, 11.118743, 10.994995, 10.85722 ] }, { "date": "2024-03-15", "close": 11.170058, "volume": 2367, "typical_volume": 11235.15, "trend": 10.731217, "fair_value": 10.93421, "relative_strength": -11.7739, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.216745, "energy": 68.819591, "activity_lines": [ 11.22324, 11.141706, 11.027352, 10.887552 ] }, { "date": "2024-03-22", "close": 11.24834, "volume": 20591, "typical_volume": 11290.15, "trend": 10.763423, "fair_value": 10.938914, "relative_strength": -11.807458, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.929761, "energy": 54.565564, "activity_lines": [ 11.233677, 11.176497, 11.06204, 10.920914 ] }, { "date": "2024-03-29", "close": 11.352715, "volume": 830, "typical_volume": 10983.5, "trend": 10.786758, "fair_value": 10.943244, "relative_strength": -11.659799, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.31877, "energy": 56.485808, "activity_lines": [ 11.275179, 11.222652, 11.103094, 10.958933 ] }, { "date": "2024-04-05", "close": 11.270706, "volume": 2128, "typical_volume": 10639.85, "trend": 10.812957, "fair_value": 10.946835, "relative_strength": -10.052609, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.52602, "energy": 48.860426, "activity_lines": [ 11.278783, 11.241901, 11.131161, 10.990156 ] }, { "date": "2024-04-12", "close": 11.259522, "volume": 3546, "typical_volume": 9517.85, "trend": 10.831118, "fair_value": 10.94928, "relative_strength": -9.185313, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.52146, "energy": 46.473876, "activity_lines": [ 11.273688, 11.254711, 11.154177, 11.018966 ] }, { "date": "2024-04-19", "close": 10.96317, "volume": 2504, "typical_volume": 9374.55, "trend": 10.846701, "fair_value": 10.95022, "relative_strength": -11.651672, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.886957, "energy": 25.293711, "activity_lines": [ 11.174655, 11.208013, 11.145254, 11.027486 ] }, { "date": "2024-04-26", "close": 11.222245, "volume": 5320, "typical_volume": 8531.3, "trend": 10.869155, "fair_value": 10.95282, "relative_strength": -10.079301, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.203452, "energy": 22.12715, "activity_lines": [ 11.175773, 11.208792, 11.159117, 11.051714 ] }, { "date": "2024-05-03", "close": 11.453363, "volume": 12033, "typical_volume": 8998.1, "trend": 10.903328, "fair_value": 10.956561, "relative_strength": -6.240989, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.548111, "energy": 36.915959, "activity_lines": [ 11.25567, 11.25105, 11.191801, 11.089405 ] }, { "date": "2024-05-10", "close": 11.637885, "volume": 3041, "typical_volume": 8839.35, "trend": 10.943104, "fair_value": 10.962166, "relative_strength": -7.251606, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 77.957622, "energy": 50.719162, "activity_lines": [ 11.390365, 11.322148, 11.239775, 11.136796 ] }, { "date": "2024-05-17", "close": 11.86341, "volume": 9406, "typical_volume": 9291.95, "trend": 11.001592, "fair_value": 10.969652, "relative_strength": -7.126754, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.097687, "energy": 89.009148, "activity_lines": [ 11.575756, 11.426219, 11.306605, 11.196171 ] }, { "date": "2024-05-24", "close": 11.609927, "volume": 19095, "typical_volume": 10227.25, "trend": 11.052116, "fair_value": 10.973918, "relative_strength": -6.416552, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.786496, "energy": 80.968451, "activity_lines": [ 11.636393, 11.474543, 11.346222, 11.235418 ] }, { "date": "2024-05-31", "close": 11.466411, "volume": 2935, "typical_volume": 10312.65, "trend": 11.084413, "fair_value": 10.976839, "relative_strength": -7.230205, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.691242, "energy": 75.121824, "activity_lines": [ 11.606075, 11.488776, 11.369446, 11.262147 ] }, { "date": "2024-06-07", "close": 11.622974, "volume": 15630, "typical_volume": 10983.5, "trend": 11.129654, "fair_value": 10.981199, "relative_strength": -6.081907, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.135926, "energy": 64.730694, "activity_lines": [ 11.611667, 11.527511, 11.404548, 11.296893 ] }, { "date": "2024-06-14", "close": 11.565195, "volume": 7873, "typical_volume": 11307.5, "trend": 11.167372, "fair_value": 10.98421, "relative_strength": -0.592854, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.494139, "energy": 43.436138, "activity_lines": [ 11.586691, 11.550826, 11.429719, 11.324992 ] }, { "date": "2024-06-21", "close": 11.695664, "volume": 6396, "typical_volume": 11242.95, "trend": 11.207919, "fair_value": 10.988568, "relative_strength": -1.200231, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.865702, "energy": 44.174295, "activity_lines": [ 11.610051, 11.592508, 11.464759, 11.359075 ] }, { "date": "2024-06-28", "close": 11.688208, "volume": 3844, "typical_volume": 11244.9, "trend": 11.245297, "fair_value": 10.993102, "relative_strength": -0.644311, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.835779, "energy": 45.502118, "activity_lines": [ 11.642109, 11.624905, 11.49554, 11.390062 ] }, { "date": "2024-07-05", "close": 11.704983, "volume": 1060, "typical_volume": 6446.0, "trend": 11.283721, "fair_value": 10.998573, "relative_strength": -2.761718, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.35017, "energy": 45.35786, "activity_lines": [ 11.67454, 11.64717, 11.524562, 11.419719 ] }, { "date": "2024-07-12", "close": 12.060979, "volume": 8300, "typical_volume": 6783.15, "trend": 11.319958, "fair_value": 11.005572, "relative_strength": -1.36908, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.283904, "energy": 68.804555, "activity_lines": [ 11.809732, 11.725384, 11.585049, 11.469865 ] }, { "date": "2024-07-19", "close": 11.83359, "volume": 12920, "typical_volume": 7134.9, "trend": 11.344844, "fair_value": 11.010702, "relative_strength": -2.043474, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.051526, "energy": 63.927276, "activity_lines": [ 11.839926, 11.751207, 11.619752, 11.503002 ] }, { "date": "2024-07-26", "close": 11.580621, "volume": 26854, "typical_volume": 8333.65, "trend": 11.356918, "fair_value": 11.015431, "relative_strength": -2.819938, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.391362, "energy": 43.621952, "activity_lines": [ 11.767905, 11.727477, 11.627328, 11.518214 ] }, { "date": "2024-08-02", "close": 11.226985, "volume": 8841, "typical_volume": 8657.35, "trend": 11.363227, "fair_value": 11.016435, "relative_strength": -0.371982, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 13.582095, "energy": 11.486183, "activity_lines": [ 11.585675, 11.644592, 11.600041, 11.509831 ] }, { "date": "2024-08-09", "close": 11.361974, "volume": 33356, "typical_volume": 9295.6, "trend": 11.380971, "fair_value": 11.017829, "relative_strength": 1.672188, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 11.840054, "energy": 17.9912, "activity_lines": [ 11.479189, 11.593212, 11.585339, 11.50975 ] }, { "date": "2024-08-16", "close": 11.61104, "volume": 93, "typical_volume": 9258.75, "trend": 11.411575, "fair_value": 11.022008, "relative_strength": 0.035523, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.913104, "energy": 20.014991, "activity_lines": [ 11.478592, 11.589016, 11.593816, 11.524593 ] }, { "date": "2024-08-23", "close": 11.842996, "volume": 614, "typical_volume": 9183.05, "trend": 11.438728, "fair_value": 11.02776, "relative_strength": 0.256302, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.288117, "energy": 23.254123, "activity_lines": [ 11.58531, 11.627211, 11.623155, 11.552427 ] }, { "date": "2024-08-30", "close": 11.964677, "volume": 3692, "typical_volume": 9190.35, "trend": 11.472546, "fair_value": 11.034054, "relative_strength": -0.714965, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.397674, "energy": 34.767015, "activity_lines": [ 11.731961, 11.682479, 11.661356, 11.586359 ] }, { "date": "2024-09-06", "close": 11.719413, "volume": 52898, "typical_volume": 11710.05, "trend": 11.497071, "fair_value": 11.038279, "relative_strength": 0.517141, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.950691, "energy": 42.492404, "activity_lines": [ 11.771254, 11.688262, 11.672842, 11.602286 ] }, { "date": "2024-09-13", "close": 12.086357, "volume": 3556, "typical_volume": 11621.85, "trend": 11.526869, "fair_value": 11.04665, "relative_strength": 2.869756, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.028976, "energy": 62.607592, "activity_lines": [ 11.900033, 11.760195, 11.715673, 11.640304 ] }, { "date": "2024-09-20", "close": 12.25557, "volume": 10419, "typical_volume": 11541.15, "trend": 11.562245, "fair_value": 11.05737, "relative_strength": 3.735051, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.858875, "energy": 72.70385, "activity_lines": [ 12.036924, 11.85596, 11.770506, 11.687317 ] }, { "date": "2024-09-27", "close": 12.72138, "volume": 2846, "typical_volume": 11531.4, "trend": 11.613086, "fair_value": 11.071086, "relative_strength": 4.726909, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.249491, "energy": 83.357198, "activity_lines": [ 12.286117, 12.03288, 11.86588, 11.7621 ] }, { "date": "2024-10-04", "close": 12.824049, "volume": 38641, "typical_volume": 12993.15, "trend": 11.662814, "fair_value": 11.084283, "relative_strength": 9.092061, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.25248, "energy": 89.432163, "activity_lines": [ 12.510973, 12.212325, 11.965874, 11.840227 ] }, { "date": "2024-10-11", "close": 12.772716, "volume": 2491, "typical_volume": 12162.95, "trend": 11.716236, "fair_value": 11.095671, "relative_strength": 6.380039, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.952484, "energy": 88.53069, "activity_lines": [ 12.661428, 12.359829, 12.056404, 11.911833 ] }, { "date": "2024-10-18", "close": 12.837358, "volume": 10105, "typical_volume": 12521.45, "trend": 11.769203, "fair_value": 11.106598, "relative_strength": 4.224992, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.095962, "energy": 89.243115, "activity_lines": [ 12.763209, 12.490982, 12.147554, 11.984164 ] }, { "date": "2024-10-25", "close": 12.603502, "volume": 11189, "typical_volume": 12299.4, "trend": 11.810896, "fair_value": 11.116026, "relative_strength": 3.628468, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.897696, "energy": 81.215099, "activity_lines": [ 12.736971, 12.55279, 12.209903, 12.03799 ] }, { "date": "2024-11-01", "close": 12.470413, "volume": 11695, "typical_volume": 12490.5, "trend": 11.850886, "fair_value": 11.124482, "relative_strength": 2.866413, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.614522, "energy": 56.750566, "activity_lines": [ 12.643175, 12.572356, 12.254907, 12.080539 ] }, { "date": "2024-11-08", "close": 12.744196, "volume": 52140, "typical_volume": 14777.7, "trend": 11.900375, "fair_value": 11.135006, "relative_strength": 7.696153, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.163475, "energy": 55.528573, "activity_lines": [ 12.657371, 12.630293, 12.321676, 12.138172 ] }, { "date": "2024-11-15", "close": 12.791728, "volume": 164575, "typical_volume": 22814.25, "trend": 11.961327, "fair_value": 11.145987, "relative_strength": 6.792494, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.958898, "energy": 52.51263, "activity_lines": [ 12.692735, 12.682699, 12.387979, 12.195679 ] }, { "date": "2024-11-22", "close": 13.175783, "volume": 129155, "typical_volume": 29219.0, "trend": 12.026445, "fair_value": 11.161687, "relative_strength": 12.058229, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.620093, "energy": 63.245716, "activity_lines": [ 12.85485, 12.785436, 12.485603, 12.274031 ] }, { "date": "2024-11-29", "close": 13.118745, "volume": 31317, "typical_volume": 30369.85, "trend": 12.081958, "fair_value": 11.177669, "relative_strength": 11.598612, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.713371, "energy": 77.117142, "activity_lines": [ 12.97539, 12.857995, 12.570792, 12.344502 ] }, { "date": "2024-12-06", "close": 12.909607, "volume": 47103, "typical_volume": 32079.0, "trend": 12.124348, "fair_value": 11.190291, "relative_strength": 5.459708, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.449482, "energy": 70.306323, "activity_lines": [ 12.991868, 12.876835, 12.631025, 12.397898 ] }, { "date": "2024-12-13", "close": 12.759406, "volume": 126623, "typical_volume": 37067.45, "trend": 12.154215, "fair_value": 11.202695, "relative_strength": 3.792369, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.737335, "energy": 54.633912, "activity_lines": [ 12.928999, 12.864944, 12.67183, 12.43887 ] }, { "date": "2024-12-20", "close": 12.504636, "volume": 22352, "typical_volume": 37743.0, "trend": 12.184039, "fair_value": 11.214774, "relative_strength": 5.073918, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.957933, "energy": 33.419141, "activity_lines": [ 12.780193, 12.807906, 12.682758, 12.461478 ] }, { "date": "2024-12-27", "close": 12.593996, "volume": 3488, "typical_volume": 36249.6, "trend": 12.221625, "fair_value": 11.224929, "relative_strength": 4.60654, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.814867, "energy": 24.221665, "activity_lines": [ 12.680313, 12.771989, 12.696112, 12.487927 ] }, { "date": "2025-01-03", "close": 12.717579, "volume": 2745, "typical_volume": 36382.2, "trend": 12.258112, "fair_value": 11.236709, "relative_strength": 5.67722, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.007863, "energy": 24.742136, "activity_lines": [ 12.660414, 12.762967, 12.715369, 12.519924 ] }, { "date": "2025-01-10", "close": 12.584489, "volume": 31536, "typical_volume": 37928.3, "trend": 12.292088, "fair_value": 11.247571, "relative_strength": 1.686571, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.223085, "energy": 23.071088, "activity_lines": [ 12.622895, 12.727672, 12.716682, 12.54098 ] }, { "date": "2025-01-17", "close": 12.837358, "volume": 71123, "typical_volume": 41299.85, "trend": 12.330144, "fair_value": 11.258815, "relative_strength": 0.355879, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.458271, "energy": 16.438194, "activity_lines": [ 12.691341, 12.73628, 12.738546, 12.576159 ] }, { "date": "2025-01-24", "close": 12.803136, "volume": 31891, "typical_volume": 40249.5, "trend": 12.367309, "fair_value": 11.273988, "relative_strength": 0.324786, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.741277, "energy": 24.632014, "activity_lines": [ 12.743182, 12.736971, 12.752996, 12.606675 ] }, { "date": "2025-01-31", "close": 12.981853, "volume": 9425, "typical_volume": 40542.95, "trend": 12.409871, "fair_value": 11.289823, "relative_strength": 0.972282, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.4648, "energy": 34.467768, "activity_lines": [ 12.834696, 12.769949, 12.779306, 12.646323 ] }, { "date": "2025-02-07", "close": 12.999332, "volume": 22754, "typical_volume": 41159.7, "trend": 12.441149, "fair_value": 11.303096, "relative_strength": -0.475803, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.01018, "energy": 51.614141, "activity_lines": [ 12.906179, 12.809631, 12.803016, 12.684352 ] }, { "date": "2025-02-14", "close": 13.152379, "volume": 38990, "typical_volume": 42966.9, "trend": 12.485109, "fair_value": 11.31681, "relative_strength": -1.714349, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.030546, "energy": 66.425101, "activity_lines": [ 13.009894, 12.879311, 12.837761, 12.730238 ] }, { "date": "2025-02-21", "close": 13.034204, "volume": 70707, "typical_volume": 44570.2, "trend": 12.533562, "fair_value": 11.33122, "relative_strength": -3.704354, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.937381, "energy": 64.892896, "activity_lines": [ 13.036358, 12.923091, 12.859198, 12.765664 ] }, { "date": "2025-02-28", "close": 12.782353, "volume": 159635, "typical_volume": 52427.4, "trend": 12.585408, "fair_value": 11.342794, "relative_strength": -6.089107, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.206902, "energy": 39.797736, "activity_lines": [ 12.965749, 12.916083, 12.855648, 12.781715 ] }, { "date": "2025-03-07", "close": 12.29609, "volume": 104226, "typical_volume": 57133.45, "trend": 12.616545, "fair_value": 11.351481, "relative_strength": -9.414411, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 2.357858, "energy": 5.671521, "activity_lines": [ 12.734438, 12.815614, 12.805742, 12.763049 ] }, { "date": "2025-03-14", "close": 12.082985, "volume": 113264, "typical_volume": 62237.2, "trend": 12.632276, "fair_value": 11.355711, "relative_strength": -11.046756, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.917688, "energy": 41.064217, "activity_lines": [ 12.477809, 12.681816, 12.738118, 12.728626 ] }, { "date": "2025-03-21", "close": 12.15854, "volume": 66326, "typical_volume": 64968.75, "trend": 12.642794, "fair_value": 11.358961, "relative_strength": -11.286243, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.874851, "energy": 68.579252, "activity_lines": [ 12.307455, 12.573293, 12.680168, 12.698062 ] }, { "date": "2025-03-28", "close": 12.1876, "volume": 54419, "typical_volume": 65082.7, "trend": 12.650225, "fair_value": 11.362089, "relative_strength": -10.333069, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.681122, "energy": 72.751959, "activity_lines": [ 12.213043, 12.477797, 12.626471, 12.668695 ] }, { "date": "2025-04-04", "close": 10.953535, "volume": 89072, "typical_volume": 61307.55, "trend": 12.624696, "fair_value": 11.356536, "relative_strength": -9.824324, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -96.145418, "energy": 97.325521, "activity_lines": [ 11.763717, 12.169741, 12.457895, 12.559231 ] }, { "date": "2025-04-11", "close": 10.845046, "volume": 19103, "typical_volume": 55804.95, "trend": 12.583319, "fair_value": 11.350563, "relative_strength": -9.014383, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.951492, "energy": 97.03091, "activity_lines": [ 11.400149, 11.875588, 12.287739, 12.444415 ] }, { "date": "2025-04-18", "close": 11.433988, "volume": 58348, "typical_volume": 57156.5, "trend": 12.555933, "fair_value": 11.350269, "relative_strength": -9.250734, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.923565, "energy": 87.176407, "activity_lines": [ 11.329631, 11.727366, 12.184772, 12.370264 ] }, { "date": "2025-04-25", "close": 11.798202, "volume": 43401, "typical_volume": 56971.4, "trend": 12.52516, "fair_value": 11.351946, "relative_strength": -9.731644, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.06284, "energy": 76.695108, "activity_lines": [ 11.423785, 11.673826, 12.124514, 12.321379 ] }, { "date": "2025-05-02", "close": 12.263155, "volume": 19007, "typical_volume": 51590.6, "trend": 12.506464, "fair_value": 11.358046, "relative_strength": -8.469535, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.128263, "energy": 48.93065, "activity_lines": [ 11.696945, 11.729445, 12.11383, 12.304475 ] }, { "date": "2025-05-09", "close": 12.367769, "volume": 58951, "typical_volume": 53420.55, "trend": 12.492965, "fair_value": 11.36639, "relative_strength": -10.024685, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.387423, "energy": 24.604804, "activity_lines": [ 11.99994, 11.818103, 12.115473, 12.295527 ] }, { "date": "2025-05-16", "close": 12.716485, "volume": 32013, "typical_volume": 54846.8, "trend": 12.488936, "fair_value": 11.376452, "relative_strength": -10.303631, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -2.940032, "energy": 23.927009, "activity_lines": [ 12.324891, 11.977702, 12.150978, 12.309948 ] }, { "date": "2025-05-23", "close": 12.567312, "volume": 4699, "typical_volume": 54944.5, "trend": 12.48773, "fair_value": 11.384479, "relative_strength": -8.611846, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -7.177245, "energy": 28.847027, "activity_lines": [ 12.475355, 12.102535, 12.171693, 12.315004 ] }, { "date": "2025-05-30", "close": 12.642867, "volume": 13213, "typical_volume": 54028.35, "trend": 12.493478, "fair_value": 11.393001, "relative_strength": -9.380712, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.507545, "energy": 34.668881, "activity_lines": [ 12.575449, 12.232299, 12.20032, 12.325013 ] }, { "date": "2025-06-06", "close": 12.875344, "volume": 19501, "typical_volume": 51447.25, "trend": 12.49785, "fair_value": 11.405931, "relative_strength": -8.793084, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.468972, "energy": 40.565854, "activity_lines": [ 12.696724, 12.395526, 12.250809, 12.349649 ] }, { "date": "2025-06-13", "close": 12.73392, "volume": 11885, "typical_volume": 50446.95, "trend": 12.495923, "fair_value": 11.421034, "relative_strength": -6.974466, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.378678, "energy": 45.904454, "activity_lines": [ 12.730046, 12.520535, 12.287648, 12.36488 ] }, { "date": "2025-06-20", "close": 12.578937, "volume": 37839, "typical_volume": 51867.65, "trend": 12.476028, "fair_value": 11.433758, "relative_strength": -7.463137, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.298035, "energy": 32.424196, "activity_lines": [ 12.687296, 12.584995, 12.310056, 12.370235 ] }, { "date": "2025-06-27", "close": 12.708735, "volume": 13062, "typical_volume": 51383.05, "trend": 12.462361, "fair_value": 11.447402, "relative_strength": -7.542272, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.196492, "energy": 27.279467, "activity_lines": [ 12.696983, 12.641529, 12.346745, 12.385249 ] }, { "date": "2025-07-04", "close": 12.673863, "volume": 13157, "typical_volume": 50091.4, "trend": 12.454503, "fair_value": 11.457785, "relative_strength": -7.390479, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.158354, "energy": 24.94459, "activity_lines": [ 12.685617, 12.668545, 12.381497, 12.398894 ] }, { "date": "2025-07-11", "close": 12.809476, "volume": 3742, "typical_volume": 46743.15, "trend": 12.456172, "fair_value": 11.470182, "relative_strength": -7.31402, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.885484, "energy": 31.106161, "activity_lines": [ 12.717389, 12.704297, 12.431442, 12.421795 ] }, { "date": "2025-07-18", "close": 13.034204, "volume": 21320, "typical_volume": 39827.4, "trend": 12.473824, "fair_value": 11.483337, "relative_strength": -6.117515, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.297761, "energy": 59.476186, "activity_lines": [ 12.828461, 12.770976, 12.503861, 12.459088 ] }, { "date": "2025-07-25", "close": 12.953699, "volume": 10898, "typical_volume": 35161.0, "trend": 12.485815, "fair_value": 11.493792, "relative_strength": -7.519683, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.923457, "energy": 72.581221, "activity_lines": [ 12.89268, 12.810901, 12.567413, 12.490048 ] }, { "date": "2025-08-01", "close": 12.882774, "volume": 10058, "typical_volume": 30000.7, "trend": 12.491321, "fair_value": 11.503961, "relative_strength": -6.075472, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.909982, "energy": 72.227089, "activity_lines": [ 12.908273, 12.833617, 12.621079, 12.515658 ] }, { "date": "2025-08-08", "close": 13.127072, "volume": 9753, "typical_volume": 27172.05, "trend": 12.509407, "fair_value": 11.514426, "relative_strength": -7.942302, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.424436, "energy": 78.896585, "activity_lines": [ 12.993696, 12.895015, 12.694202, 12.556674 ] }, { "date": "2025-08-15", "close": 13.251191, "volume": 7065, "typical_volume": 24804.35, "trend": 12.523202, "fair_value": 11.526215, "relative_strength": -9.107993, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.070248, "energy": 83.031548, "activity_lines": [ 13.090278, 12.970176, 12.774535, 12.604531 ] }, { "date": "2025-08-22", "close": 13.436385, "volume": 10946, "typical_volume": 20898.05, "trend": 12.54431, "fair_value": 11.538652, "relative_strength": -9.020163, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.079389, "energy": 89.750701, "activity_lines": [ 13.219143, 13.072176, 12.86744, 12.663446 ] }, { "date": "2025-08-29", "close": 13.35955, "volume": 32743, "typical_volume": 21580.05, "trend": 12.5569, "fair_value": 11.552472, "relative_strength": -6.987125, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.673611, "energy": 87.60728, "activity_lines": [ 13.295585, 13.147433, 12.941205, 12.716042 ] }, { "date": "2025-09-05", "close": 13.268923, "volume": 29854, "typical_volume": 20155.35, "trend": 12.565886, "fair_value": 11.565374, "relative_strength": -6.136898, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.78807, "energy": 83.897451, "activity_lines": [ 13.314762, 13.19202, 12.994365, 12.761979 ] }, { "date": "2025-09-12", "close": 13.525041, "volume": 21078, "typical_volume": 19039.2, "trend": 12.578308, "fair_value": 11.579481, "relative_strength": -6.253901, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.05959, "energy": 86.196207, "activity_lines": [ 13.393567, 13.272989, 13.063179, 12.82386 ] }, { "date": "2025-09-19", "close": 13.292564, "volume": 20849, "typical_volume": 19131.3, "trend": 12.58692, "fair_value": 11.596433, "relative_strength": -7.054605, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.995401, "energy": 60.187607, "activity_lines": [ 13.368349, 13.296213, 13.101629, 12.869941 ] }, { "date": "2025-09-26", "close": 13.192087, "volume": 12016, "typical_volume": 16784.55, "trend": 12.600578, "fair_value": 11.614403, "relative_strength": -8.18191, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.066612, "energy": 51.177591, "activity_lines": [ 13.306881, 13.292385, 13.125608, 12.908984 ] }, { "date": "2025-10-03", "close": 13.552624, "volume": 13821, "typical_volume": 15874.95, "trend": 12.642462, "fair_value": 11.633123, "relative_strength": -6.642349, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.572846, "energy": 57.09458, "activity_lines": [ 13.381878, 13.351239, 13.179999, 12.970407 ] }, { "date": "2025-10-10", "close": 13.318176, "volume": 18291, "typical_volume": 16554.55, "trend": 12.683635, "fair_value": 11.652397, "relative_strength": -5.315857, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.030431, "energy": 43.112524, "activity_lines": [ 13.365854, 13.356576, 13.20808, 13.014001 ] }, { "date": "2025-10-17", "close": 13.263012, "volume": 52302, "typical_volume": 18509.0, "trend": 12.720451, "fair_value": 11.671462, "relative_strength": -4.795749, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.615783, "energy": 34.690732, "activity_lines": [ 13.328158, 13.343967, 13.227331, 13.05138 ] }, { "date": "2025-10-24", "close": 13.495489, "volume": 13951, "typical_volume": 18231.5, "trend": 12.764048, "fair_value": 11.692512, "relative_strength": -4.542744, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.384979, "energy": 45.590931, "activity_lines": [ 13.385424, 13.371155, 13.26577, 13.101383 ] }, { "date": "2025-10-31", "close": 13.471847, "volume": 31540, "typical_volume": 19214.25, "trend": 12.847991, "fair_value": 11.710805, "relative_strength": -5.969772, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.620823, "energy": 41.934217, "activity_lines": [ 13.42128, 13.389603, 13.299005, 13.147047 ] }, { "date": "2025-11-07", "close": 13.290594, "volume": 27483, "typical_volume": 18696.45, "trend": 12.929509, "fair_value": 11.726857, "relative_strength": -6.314624, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.666927, "energy": 34.468487, "activity_lines": [ 13.378068, 13.374451, 13.311463, 13.175602 ] }, { "date": "2025-11-14", "close": 13.302415, "volume": 74027, "typical_volume": 21744.7, "trend": 12.99179, "fair_value": 11.741198, "relative_strength": -8.143308, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.87275, "energy": 27.510204, "activity_lines": [ 13.356265, 13.362701, 13.321658, 13.19966 ] }, { "date": "2025-11-21", "close": 12.96552, "volume": 97796, "typical_volume": 25976.65, "trend": 13.030701, "fair_value": 11.753223, "relative_strength": -7.18718, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 0.792047, "energy": 6.543456, "activity_lines": [ 13.223215, 13.28909, 13.296941, 13.197966 ] }, { "date": "2025-11-28", "close": 13.22755, "volume": 77588, "typical_volume": 29668.95, "trend": 13.062848, "fair_value": 11.765714, "relative_strength": -6.347936, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.822127, "energy": 15.251982, "activity_lines": [ 13.197341, 13.273293, 13.29579, 13.210666 ] }, { "date": "2025-12-05", "close": 13.286654, "volume": 61769, "typical_volume": 31691.4, "trend": 13.093477, "fair_value": 11.778494, "relative_strength": -5.729079, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.674064, "energy": 13.599525, "activity_lines": [ 13.20903, 13.269424, 13.298278, 13.225105 ] }, { "date": "2025-12-12", "close": 13.176326, "volume": 55094, "typical_volume": 33901.2, "trend": 13.108805, "fair_value": 11.792814, "relative_strength": -6.336717, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.579819, "energy": 12.878051, "activity_lines": [ 13.19629, 13.243776, 13.289056, 13.23045 ] }, { "date": "2025-12-19", "close": 13.266953, "volume": 64593, "typical_volume": 36627.95, "trend": 13.132126, "fair_value": 11.808018, "relative_strength": -7.90876, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.965677, "energy": 7.128299, "activity_lines": [ 13.221377, 13.241448, 13.287404, 13.240653 ] }, { "date": "2025-12-26", "close": 13.414713, "volume": 23495, "typical_volume": 37315.05, "trend": 13.157855, "fair_value": 11.823798, "relative_strength": -6.187111, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.665085, "energy": 18.365172, "activity_lines": [ 13.298081, 13.266917, 13.297996, 13.258884 ] }, { "date": "2026-01-02", "close": 13.420623, "volume": 17186, "typical_volume": 37821.1, "trend": 13.176031, "fair_value": 11.838021, "relative_strength": -7.304853, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.777915, "energy": 22.443569, "activity_lines": [ 13.346809, 13.290702, 13.307781, 13.275837 ] }, { "date": "2026-01-09", "close": 13.611728, "volume": 80531, "typical_volume": 41300.35, "trend": 13.205291, "fair_value": 11.851841, "relative_strength": -6.350579, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.000776, "energy": 48.393951, "activity_lines": [ 13.446367, 13.350594, 13.33496, 13.303947 ] }, { "date": "2026-01-16", "close": 13.828444, "volume": 57123, "typical_volume": 42519.35, "trend": 13.246941, "fair_value": 11.866143, "relative_strength": -4.727989, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.443634, "energy": 71.715527, "activity_lines": [ 13.596492, 13.447346, 13.381943, 13.34415 ] }, { "date": "2026-01-23", "close": 13.905279, "volume": 222406, "typical_volume": 52146.95, "trend": 13.286826, "fair_value": 11.879368, "relative_strength": -1.871065, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.034141, "energy": 78.231037, "activity_lines": [ 13.728754, 13.548289, 13.434011, 13.386623 ] }, { "date": "2026-01-30", "close": 14.045159, "volume": 71832, "typical_volume": 54684.65, "trend": 13.332536, "fair_value": 11.894304, "relative_strength": -2.11449, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.707849, "energy": 82.945386, "activity_lines": [ 13.865088, 13.663704, 13.496371, 13.435548 ] }, { "date": "2026-02-06", "close": 14.152, "volume": 128033, "typical_volume": 60043.85, "trend": 13.377287, "fair_value": 11.910359, "relative_strength": -1.868903, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.690906, "energy": 85.041079, "activity_lines": [ 13.995006, 13.778914, 13.566429, 13.488417 ] }, { "date": "2026-02-13", "close": 14.38, "volume": 83817, "typical_volume": 63633.9, "trend": 13.422146, "fair_value": 11.929446, "relative_strength": 0.874797, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.814356, "energy": 89.789164, "activity_lines": [ 14.152165, 13.918771, 13.654109, 13.553108 ] }, { "date": "2026-02-20", "close": 14.736, "volume": 58509, "typical_volume": 65868.3, "trend": 13.481556, "fair_value": 11.952328, "relative_strength": 1.191774, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.046765, "energy": 95.885781, "activity_lines": [ 14.376773, 14.103476, 13.770037, 13.637873 ] }, { "date": "2026-02-27", "close": 14.91, "volume": 97832, "typical_volume": 69845.35, "trend": 13.549131, "fair_value": 11.975156, "relative_strength": 0.880229, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.377242, "energy": 95.848439, "activity_lines": [ 14.598877, 14.291459, 13.896902, 13.73003 ] }, { "date": "2026-03-06", "close": 14.44, "volume": 115931, "typical_volume": 73026.8, "trend": 13.592895, "fair_value": 11.995578, "relative_strength": 4.412876, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.776919, "energy": 86.084397, "activity_lines": [ 14.597333, 14.364115, 13.971424, 13.787506 ] }, { "date": "2026-03-13", "close": 14.368, "volume": 119671, "typical_volume": 78312.8, "trend": 13.630122, "fair_value": 12.018599, "relative_strength": 3.431631, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.368398, "energy": 64.711903, "activity_lines": [ 14.545467, 14.405038, 14.033485, 13.837513 ] }, { "date": "2026-03-20", "close": 14.05, "volume": 56886, "typical_volume": 79580.1, "trend": 13.650576, "fair_value": 12.039948, "relative_strength": 4.521364, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.221399, "energy": 46.867345, "activity_lines": [ 14.3732, 14.370918, 14.061105, 13.864602 ] }, { "date": "2026-03-27", "close": 13.972, "volume": 67678, "typical_volume": 81589.85, "trend": 13.670991, "fair_value": 12.058699, "relative_strength": 2.604933, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.295793, "energy": 24.155091, "activity_lines": [ 14.196933, 14.314647, 14.078543, 13.885339 ] }, { "date": "2026-04-03", "close": 14.364, "volume": 55044, "typical_volume": 80640.7, "trend": 13.707493, "fair_value": 12.080296, "relative_strength": 0.298938, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.3996, "energy": 24.592846, "activity_lines": [ 14.202267, 14.327039, 14.13007, 13.930049 ] }, { "date": "2026-04-10", "close": 14.866, "volume": 53761, "typical_volume": 78438.95, "trend": 13.752192, "fair_value": 12.104733, "relative_strength": -0.482206, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.585892, "energy": 33.940458, "activity_lines": [ 14.411333, 14.422364, 14.224351, 14.004791 ] }, { "date": "2026-04-17", "close": 14.884, "volume": 55029, "typical_volume": 77311.0, "trend": 13.80524, "fair_value": 12.129755, "relative_strength": -2.852001, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.034906, "energy": 48.901952, "activity_lines": [ 14.598, 14.506036, 14.311297, 14.077811 ] }, { "date": "2026-04-24", "close": 14.542, "volume": 82566, "typical_volume": 78350.85, "trend": 13.850237, "fair_value": 12.153226, "relative_strength": -2.604076, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.827376, "energy": 52.545928, "activity_lines": [ 14.636267, 14.514218, 14.357783, 14.125344 ] }, { "date": "2026-05-01", "close": 14.676, "volume": 52136, "typical_volume": 78202.95, "trend": 13.887683, "fair_value": 12.177258, "relative_strength": -2.814608, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.086112, "energy": 58.964059, "activity_lines": [ 14.6864, 14.543818, 14.411053, 14.178619 ] }, { "date": "2026-05-08", "close": 14.748, "volume": 82499, "typical_volume": 79098.25, "trend": 13.935344, "fair_value": 12.20205, "relative_strength": -4.318592, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.303411, "energy": 52.638253, "activity_lines": [ 14.7136, 14.5876, 14.464039, 14.234123 ] }, { "date": "2026-05-15", "close": 14.668, "volume": 26112, "typical_volume": 79229.1, "trend": 13.982176, "fair_value": 12.225894, "relative_strength": -4.417357, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.445969, "energy": 38.123673, "activity_lines": [ 14.688533, 14.619782, 14.502354, 14.281392 ] }, { "date": "2026-05-22", "close": 14.71, "volume": 105765, "typical_volume": 83658.05, "trend": 14.02266, "fair_value": 12.252184, "relative_strength": -4.783843, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.183014, "energy": 37.571374, "activity_lines": [ 14.690667, 14.655455, 14.5387, 14.328348 ] }, { "date": "2026-05-29", "close": 14.76, "volume": 50032, "typical_volume": 82133.1, "trend": 14.065599, "fair_value": 12.277018, "relative_strength": -5.345505, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.07165, "energy": 37.14981, "activity_lines": [ 14.721067, 14.694, 14.573669, 14.375918 ] }, { "date": "2026-06-05", "close": 14.354, "volume": 30437, "typical_volume": 80798.8, "trend": 14.101045, "fair_value": 12.298986, "relative_strength": -7.515595, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.326553, "energy": 22.100048, "activity_lines": [ 14.6016, 14.645818, 14.564503, 14.394525 ] }, { "date": "2026-06-12", "close": 14.692, "volume": 22700, "typical_volume": 70813.5, "trend": 14.147365, "fair_value": 12.321643, "relative_strength": -8.072753, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.135871, "energy": 23.444148, "activity_lines": [ 14.616267, 14.652145, 14.585025, 14.432651 ] }, { "date": "2026-06-19", "close": 14.738, "volume": 1403, "typical_volume": 67292.05, "trend": 14.206448, "fair_value": 12.347849, "relative_strength": -9.910847, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.246938, "energy": 24.353372, "activity_lines": [ 14.65, 14.660873, 14.606181, 14.470756 ] }, { "date": "2026-06-26", "close": 14.656, "volume": 10987, "typical_volume": 61439.75, "trend": 14.254063, "fair_value": 12.372704, "relative_strength": -7.449097, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.012658, "energy": 18.856069, "activity_lines": [ 14.651733, 14.657018, 14.616229, 14.49976 ] }, { "date": "2026-07-03", "close": 14.76, "volume": 6271, "typical_volume": 57562.45, "trend": 14.303174, "fair_value": 12.399864, "relative_strength": -9.306387, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.676857, "energy": 32.726177, "activity_lines": [ 14.691733, 14.676218, 14.633781, 14.532401 ] }, { "date": "2026-07-10", "close": 15.034, "volume": 36852, "typical_volume": 56479.6, "trend": 14.365097, "fair_value": 12.42689, "relative_strength": -7.066381, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 71.728685, "energy": 57.809183, "activity_lines": [ 14.823067, 14.741273, 14.675619, 14.579551 ] }, { "date": "2026-07-17", "close": 15.14, "volume": 88825, "typical_volume": 56029.25, "trend": 14.427532, "fair_value": 12.454665, "relative_strength": -4.903236, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.308092, "energy": 69.951554, "activity_lines": [ 14.9444, 14.819091, 14.726133, 14.629545 ] }, { "date": "2026-07-24", "close": 15.32, "volume": 46825, "typical_volume": 52573.95, "trend": 14.491041, "fair_value": 12.481951, "relative_strength": -3.488974, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.154001, "energy": 82.32384, "activity_lines": [ 15.095867, 14.922509, 14.792695, 14.687123 ] }, { "date": "2026-07-31", "close": 15.402, "volume": 55073, "typical_volume": 49344.05, "trend": 14.557087, "fair_value": 12.511717, "relative_strength": -3.49691, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.917936, "energy": 86.103468, "activity_lines": [ 15.235867, 15.028982, 14.862876, 14.745895 ] }, { "date": "2026-08-07", "close": 15.524, "volume": 104666, "typical_volume": 51733.05, "trend": 14.620829, "fair_value": 12.543353, "relative_strength": -5.371377, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.843654, "energy": 92.133061, "activity_lines": [ 15.3668, 15.145055, 14.939752, 14.808276 ] } ], "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." } } }