{ "ticker": { "uuid": "67f295bc-b717-431c-9026-da1093b2e039", "symbol": "HYDE", "name": "Invesco Markets II Plc - Invesco Hydrogen Economy 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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 0.721, "architecture_energy": 23.629, "architecture_maturity": 70.771, "architecture_confidence": 79.338, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 59.2, "rotation_up": 14.24, "upward_expansion": 43.13, "deceleration": 87.83, "rotation_down": 46.46, "downward_expansion": 37.13 }, "activity_lines": [ 4.970767, 5.1095, 5.216133, 5.053861 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 5.141, "trend_reference": 4.795067, "distance_from_trend": 0.072144, "trend_direction": "Improving", "fair_value": 3.483651, "distance_from_fair_value": 0.475751, "fair_value_direction": "Weakening", "relative_strength": 6.250718, "relative_strength_direction": "Weakening", "price_momentum": 0.257122, "excess_performance": 0.08623, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.072144, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.135621, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.475751, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.121451, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.062507, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.267738, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.257122, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.610612, "read": "Demand-led" } ], "volume": { "latest": 3161, "relative_activity": 0.46928, "balance": 1.610612, "dry_up": 1.125693, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.056245, "annualized_volatility": 0.29218, "from_high_reference": -0.122547, "from_low_reference": 0.7243 }, "levels": { "trend_reference": 4.795067, "fair_value_reference": 3.483651, "structural_low": 3.96, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": 0.003899, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.02038, "regime_survival": 0.333333, "best_return": 0.213865, "worst_return": 0.000584, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.213391, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.126275, "regime_survival": 0.0, "best_return": 0.281537, "worst_return": 0.145244, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.557443, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.408708, "regime_survival": 0.0, "best_return": 0.557443, "worst_return": 0.557443, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-22", "end": "2024-04-19", "tenure": "Developing", "return": -0.037543, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-04-26", "end": "2024-05-10", "tenure": "New", "return": 0.061659, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-17", "end": "2024-05-24", "tenure": "New", "return": 0.017142, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-05-31", "end": "2024-06-21", "tenure": "New", "return": -0.064913, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-28", "end": "2024-07-19", "tenure": "New", "return": -0.012936, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-07-26", "end": "2024-08-02", "tenure": "New", "return": -0.05418, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-09", "end": "2025-06-06", "tenure": "Extended", "return": -0.070322, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-07-25", "tenure": "Developing", "return": 0.112126, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-11-28", "tenure": "Established", "return": 0.15435, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-05", "end": "2025-12-19", "tenure": "New", "return": -0.021167, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-03-27", "tenure": "Established", "return": 0.17516, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.072624, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-07-03", "tenure": "Developing", "return": 0.130173, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.000584, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 3.652, "volume": 16484, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 3.6685, "volume": 200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 3.739, "volume": 124, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 3.664, "volume": 15, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 3.721, "volume": 226, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 3.555, "volume": 1000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 3.547, "volume": 400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 3.3415, "volume": 108, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 3.357, "volume": 1588, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 3.1785, "volume": 769, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 3.1355, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 3.3095, "volume": 543, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 3.1925, "volume": 1740, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 3.326, "volume": 7200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 3.327, "volume": 2658, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 3.4045, "volume": 267, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 3.451, "volume": 1000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 3.558, "volume": 6090, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 3.56, "volume": 2230, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 3.5835, "volume": 300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 3.4905, "volume": 462, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 3.387, "volume": 1178, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 3.2105, "volume": 2118, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 3.355, "volume": 2170, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 3.3435, "volume": 358, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 3.303, "volume": 13658, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-16", "close": 3.3575, "volume": 25890, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 3.2695, "volume": 4483, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 3.3555, "volume": 11835, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 3.351, "volume": 6150, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 3.2695, "volume": 495, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 3.3295, "volume": 4030, "typical_volume": 4715.6, "trend": 3.399083, "fair_value": 3.848069, "relative_strength": -22.779156, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -48.381848, "energy": 26.170728, "activity_lines": [ 3.317267, 3.319718, 3.356898, 3.362729 ] }, { "date": "2024-03-29", "close": 3.386, "volume": 1760, "typical_volume": 4716.6, "trend": 3.387317, "fair_value": 3.842364, "relative_strength": -21.716, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -27.233579, "energy": 13.901089, "activity_lines": [ 3.340933, 3.332727, 3.358305, 3.361885 ] }, { "date": "2024-04-05", "close": 3.3485, "volume": 3519, "typical_volume": 4532.55, "trend": 3.3768, "fair_value": 3.836341, "relative_strength": -20.343846, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -31.184354, "energy": 14.785633, "activity_lines": [ 3.344333, 3.335727, 3.355219, 3.359381 ] }, { "date": "2024-04-12", "close": 3.3365, "volume": 3000, "typical_volume": 4549.65, "trend": 3.363983, "fair_value": 3.830319, "relative_strength": -19.500328, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -30.051234, "energy": 15.124073, "activity_lines": [ 3.3442, 3.336664, 3.350883, 3.356781 ] }, { "date": "2024-04-19", "close": 3.2045, "volume": 3341, "typical_volume": 4703.35, "trend": 3.3523, "fair_value": 3.822869, "relative_strength": -22.482823, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -71.035994, "energy": 38.977191, "activity_lines": [ 3.301033, 3.313727, 3.333931, 3.346491 ] }, { "date": "2024-04-26", "close": 3.195, "volume": 19670, "typical_volume": 5636.85, "trend": 3.340567, "fair_value": 3.815482, "relative_strength": -22.872652, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.130718, "energy": 70.660085, "activity_lines": [ 3.259033, 3.290855, 3.317026, 3.336343 ] }, { "date": "2024-05-03", "close": 3.315, "volume": 502, "typical_volume": 5357.45, "trend": 3.339683, "fair_value": 3.809663, "relative_strength": -17.91468, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.906169, "energy": 59.887785, "activity_lines": [ 3.266, 3.292755, 3.312769, 3.334694 ] }, { "date": "2024-05-10", "close": 3.392, "volume": 3281, "typical_volume": 5410.0, "trend": 3.34085, "fair_value": 3.804862, "relative_strength": -17.922674, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.716932, "energy": 34.39026, "activity_lines": [ 3.303367, 3.307827, 3.317002, 3.338069 ] }, { "date": "2024-05-17", "close": 3.471, "volume": 1165, "typical_volume": 5453.25, "trend": 3.3506, "fair_value": 3.801068, "relative_strength": -17.178459, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.726744, "energy": 21.308475, "activity_lines": [ 3.364167, 3.3366, 3.32956, 3.346466 ] }, { "date": "2024-05-24", "close": 3.5305, "volume": 266, "typical_volume": 5443.45, "trend": 3.363767, "fair_value": 3.798028, "relative_strength": -12.961667, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 43.187519, "energy": 46.926236, "activity_lines": [ 3.435833, 3.374009, 3.348319, 3.358072 ] }, { "date": "2024-05-31", "close": 3.574, "volume": 8991, "typical_volume": 5834.1, "trend": 3.372583, "fair_value": 3.795539, "relative_strength": -11.307637, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.899366, "energy": 72.952734, "activity_lines": [ 3.500267, 3.414582, 3.371031, 3.371635 ] }, { "date": "2024-06-07", "close": 3.517, "volume": 4314, "typical_volume": 5943.9, "trend": 3.3834, "fair_value": 3.792478, "relative_strength": -12.493804, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.385538, "energy": 72.018224, "activity_lines": [ 3.520433, 3.440345, 3.387424, 3.380953 ] }, { "date": "2024-06-14", "close": 3.4185, "volume": 6533, "typical_volume": 6162.05, "trend": 3.386483, "fair_value": 3.788413, "relative_strength": -9.11658, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.49434, "energy": 65.026755, "activity_lines": [ 3.4943, 3.445818, 3.392976, 3.383217 ] }, { "date": "2024-06-21", "close": 3.342, "volume": 2145, "typical_volume": 6251.4, "trend": 3.386983, "fair_value": 3.783613, "relative_strength": -12.237764, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.843146, "energy": 23.675707, "activity_lines": [ 3.4409, 3.436109, 3.39094, 3.380347 ] }, { "date": "2024-06-28", "close": 3.2855, "volume": 3340, "typical_volume": 5735.5, "trend": 3.383017, "fair_value": 3.778314, "relative_strength": -12.671922, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.952427, "energy": 21.871749, "activity_lines": [ 3.377267, 3.416027, 3.383531, 3.3738 ] }, { "date": "2024-07-05", "close": 3.303, "volume": 568, "typical_volume": 4469.4, "trend": 3.378083, "fair_value": 3.773311, "relative_strength": -13.682791, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.265714, "energy": 32.685529, "activity_lines": [ 3.3358, 3.397655, 3.377871, 3.368638 ] }, { "date": "2024-07-12", "close": 3.4175, "volume": 200, "typical_volume": 4255.25, "trend": 3.3734, "fair_value": 3.769604, "relative_strength": -11.552217, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.499486, "energy": 22.454887, "activity_lines": [ 3.350567, 3.398136, 3.383376, 3.371181 ] }, { "date": "2024-07-19", "close": 3.243, "volume": 3656, "typical_volume": 3846.3, "trend": 3.362833, "fair_value": 3.764175, "relative_strength": -14.42627, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -42.960556, "energy": 37.095576, "activity_lines": [ 3.3138, 3.365027, 3.371557, 3.362768 ] }, { "date": "2024-07-26", "close": 3.2115, "volume": 14550, "typical_volume": 4266.3, "trend": 3.350433, "fair_value": 3.758536, "relative_strength": -13.560622, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.405986, "energy": 48.855534, "activity_lines": [ 3.278233, 3.3289, 3.357274, 3.353004 ] }, { "date": "2024-08-02", "close": 3.0375, "volume": 1630, "typical_volume": 4323.05, "trend": 3.335333, "fair_value": 3.751253, "relative_strength": -12.956359, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -88.925016, "energy": 81.726475, "activity_lines": [ 3.193367, 3.265855, 3.327083, 3.332815 ] }, { "date": "2024-08-09", "close": 3.0005, "volume": 115141, "typical_volume": 9878.6, "trend": 3.32245, "fair_value": 3.743745, "relative_strength": -12.734984, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.808184, "energy": 90.395925, "activity_lines": [ 3.1127, 3.205045, 3.294474, 3.311213 ] }, { "date": "2024-08-16", "close": 3.064, "volume": 1822, "typical_volume": 9881.7, "trend": 3.317567, "fair_value": 3.737015, "relative_strength": -13.688222, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.406193, "energy": 86.417975, "activity_lines": [ 3.073367, 3.166209, 3.269479, 3.294539 ] }, { "date": "2024-08-23", "close": 3.079, "volume": 1360, "typical_volume": 9773.75, "trend": 3.308367, "fair_value": 3.730564, "relative_strength": -14.243658, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.523792, "energy": 85.730778, "activity_lines": [ 3.0626, 3.138336, 3.247445, 3.279147 ] }, { "date": "2024-08-30", "close": 3.0835, "volume": 0, "typical_volume": 9623.75, "trend": 3.2997, "fair_value": 3.724282, "relative_strength": -15.301935, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.410076, "energy": 80.094668, "activity_lines": [ 3.064267, 3.117455, 3.227124, 3.26464 ] }, { "date": "2024-09-06", "close": 2.921, "volume": 1670, "typical_volume": 9540.2, "trend": 3.286967, "fair_value": 3.716558, "relative_strength": -16.520637, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.118902, "energy": 76.532976, "activity_lines": [ 3.0203, 3.071727, 3.192531, 3.240208 ] }, { "date": "2024-09-13", "close": 3.0555, "volume": 55333, "typical_volume": 11323.35, "trend": 3.2769, "fair_value": 3.710262, "relative_strength": -12.794979, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.98363, "energy": 55.803378, "activity_lines": [ 3.028933, 3.057082, 3.172098, 3.225274 ] }, { "date": "2024-09-20", "close": 3.0505, "volume": 3341, "typical_volume": 11465.3, "trend": 3.2696, "fair_value": 3.704038, "relative_strength": -12.891456, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.565171, "energy": 51.472483, "activity_lines": [ 3.032233, 3.046027, 3.151852, 3.210668 ] }, { "date": "2024-09-27", "close": 3.2205, "volume": 4288, "typical_volume": 11515.65, "trend": 3.2651, "fair_value": 3.699519, "relative_strength": -10.044619, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.656649, "energy": 33.101391, "activity_lines": [ 3.0931, 3.072555, 3.149057, 3.2075 ] }, { "date": "2024-10-04", "close": 3.18, "volume": 310, "typical_volume": 11472.9, "trend": 3.2594, "fair_value": 3.694708, "relative_strength": -7.741478, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.814923, "energy": 22.777742, "activity_lines": [ 3.131033, 3.092127, 3.143221, 3.20201 ] }, { "date": "2024-10-11", "close": 3.124, "volume": 3480, "typical_volume": 11633.6, "trend": 3.25455, "fair_value": 3.689472, "relative_strength": -10.787046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.190908, "energy": 23.386961, "activity_lines": [ 3.143867, 3.102091, 3.133438, 3.193274 ] }, { "date": "2024-10-18", "close": 3.1055, "volume": 14688, "typical_volume": 11918.45, "trend": 3.247083, "fair_value": 3.684164, "relative_strength": -13.114625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.855409, "energy": 24.202963, "activity_lines": [ 3.137, 3.107118, 3.123829, 3.183658 ] }, { "date": "2024-10-25", "close": 3.0615, "volume": 1031, "typical_volume": 11754.3, "trend": 3.236267, "fair_value": 3.678554, "relative_strength": -12.847863, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.158443, "energy": 23.131039, "activity_lines": [ 3.112133, 3.102236, 3.11226, 3.171685 ] }, { "date": "2024-11-01", "close": 3.0035, "volume": 99, "typical_volume": 11432.6, "trend": 3.224767, "fair_value": 3.672527, "relative_strength": -13.779679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.711919, "energy": 42.864252, "activity_lines": [ 3.0672, 3.086855, 3.097336, 3.156668 ] }, { "date": "2024-11-08", "close": 2.928, "volume": 19573, "typical_volume": 12304.0, "trend": 3.21115, "fair_value": 3.665938, "relative_strength": -13.390541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.00104, "energy": 73.903656, "activity_lines": [ 3.011567, 3.059118, 3.077198, 3.137522 ] }, { "date": "2024-11-15", "close": 2.864, "volume": 14970, "typical_volume": 12885.5, "trend": 3.1998, "fair_value": 3.658904, "relative_strength": -15.742877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.076909, "energy": 85.637593, "activity_lines": [ 2.9514, 3.022573, 3.052936, 3.115125 ] }, { "date": "2024-11-22", "close": 2.915, "volume": 94, "typical_volume": 12861.8, "trend": 3.190467, "fair_value": 3.652435, "relative_strength": -12.015221, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.75558, "energy": 81.997526, "activity_lines": [ 2.925567, 2.996336, 3.035538, 3.096751 ] }, { "date": "2024-11-29", "close": 2.953, "volume": 3642, "typical_volume": 13033.9, "trend": 3.1784, "fair_value": 3.646405, "relative_strength": -10.211753, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.001206, "energy": 76.193197, "activity_lines": [ 2.9251, 2.979564, 3.023607, 3.08143 ] }, { "date": "2024-12-06", "close": 2.947, "volume": 1178, "typical_volume": 12910.0, "trend": 3.163567, "fair_value": 3.640427, "relative_strength": -13.35072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.242808, "energy": 65.423231, "activity_lines": [ 2.929867, 2.963473, 3.013317, 3.066501 ] }, { "date": "2024-12-13", "close": 2.9555, "volume": 0, "typical_volume": 12182.5, "trend": 3.146383, "fair_value": 3.634623, "relative_strength": -12.891981, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.389114, "energy": 48.206166, "activity_lines": [ 2.941233, 2.9539, 3.005245, 3.053077 ] }, { "date": "2024-12-20", "close": 2.905, "volume": 3369, "typical_volume": 12269.45, "trend": 3.125533, "fair_value": 3.628492, "relative_strength": -10.982661, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.193611, "energy": 46.849467, "activity_lines": [ 2.933933, 2.939227, 2.993583, 3.037504 ] }, { "date": "2024-12-27", "close": 2.9125, "volume": 0, "typical_volume": 6512.4, "trend": 3.103483, "fair_value": 3.622525, "relative_strength": -11.20516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.869294, "energy": 48.627813, "activity_lines": [ 2.9264, 2.9299, 2.983267, 3.02376 ] }, { "date": "2025-01-03", "close": 3.02, "volume": 15396, "typical_volume": 7191.1, "trend": 3.086917, "fair_value": 3.617545, "relative_strength": -7.353044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.622387, "energy": 31.233768, "activity_lines": [ 2.954867, 2.943627, 2.983607, 3.018374 ] }, { "date": "2025-01-10", "close": 2.9395, "volume": 7100, "typical_volume": 7478.1, "trend": 3.07095, "fair_value": 3.611988, "relative_strength": -11.808585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.502612, "energy": 30.091424, "activity_lines": [ 2.952033, 2.943473, 2.97649, 3.008863 ] }, { "date": "2025-01-17", "close": 2.9605, "volume": 206, "typical_volume": 7488.4, "trend": 3.058233, "fair_value": 3.606691, "relative_strength": -13.637138, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.315514, "energy": 22.220123, "activity_lines": [ 2.9567, 2.9483, 2.972038, 3.001738 ] }, { "date": "2025-01-24", "close": 2.902, "volume": 5852, "typical_volume": 7697.5, "trend": 3.04545, "fair_value": 3.601008, "relative_strength": -14.661342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.250908, "energy": 29.24762, "activity_lines": [ 2.941533, 2.9419, 2.9626, 2.991658 ] }, { "date": "2025-01-31", "close": 2.8755, "volume": 11263, "typical_volume": 5494.0, "trend": 3.0312, "fair_value": 3.595204, "relative_strength": -15.550203, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.948174, "energy": 42.242571, "activity_lines": [ 2.917733, 2.929991, 2.950729, 2.980694 ] }, { "date": "2025-02-07", "close": 2.871, "volume": 176, "typical_volume": 5335.75, "trend": 3.012983, "fair_value": 3.589456, "relative_strength": -16.520477, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.297664, "energy": 52.292047, "activity_lines": [ 2.8949, 2.917982, 2.939286, 2.970358 ] }, { "date": "2025-02-14", "close": 2.868, "volume": 2540, "typical_volume": 5248.35, "trend": 3.000483, "fair_value": 3.583776, "relative_strength": -18.118318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.400874, "energy": 63.9244, "activity_lines": [ 2.881, 2.906918, 2.928412, 2.961004 ] }, { "date": "2025-02-21", "close": 2.9065, "volume": 2079, "typical_volume": 5336.8, "trend": 2.990317, "fair_value": 3.578484, "relative_strength": -17.557628, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.879254, "energy": 56.035707, "activity_lines": [ 2.8847, 2.904291, 2.922883, 2.954941 ] }, { "date": "2025-02-28", "close": 2.8015, "volume": 0, "typical_volume": 5162.8, "trend": 2.98245, "fair_value": 3.572461, "relative_strength": -20.52711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.289598, "energy": 63.023354, "activity_lines": [ 2.857, 2.883464, 2.908657, 2.942759 ] }, { "date": "2025-03-07", "close": 2.774, "volume": 15322, "typical_volume": 5194.5, "trend": 2.9749, "fair_value": 3.566319, "relative_strength": -20.705266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.844137, "energy": 62.498699, "activity_lines": [ 2.826833, 2.859518, 2.893348, 2.929311 ] }, { "date": "2025-03-14", "close": 2.793, "volume": 750, "typical_volume": 5180.45, "trend": 2.965867, "fair_value": 3.560416, "relative_strength": -19.88096, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.518958, "energy": 56.590876, "activity_lines": [ 2.809767, 2.841545, 2.881426, 2.917575 ] }, { "date": "2025-03-21", "close": 2.7735, "volume": 225, "typical_volume": 5186.75, "trend": 2.955683, "fair_value": 3.554455, "relative_strength": -20.779393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.497855, "energy": 68.025213, "activity_lines": [ 2.7914, 2.824155, 2.868926, 2.905165 ] }, { "date": "2025-03-28", "close": 2.598, "volume": 11540, "typical_volume": 4785.1, "trend": 2.9395, "fair_value": 3.547263, "relative_strength": -24.733128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.075935, "energy": 84.528561, "activity_lines": [ 2.720833, 2.777873, 2.840807, 2.882088 ] }, { "date": "2025-04-04", "close": 2.2965, "volume": 17268, "typical_volume": 4900.0, "trend": 2.918683, "fair_value": 3.537929, "relative_strength": -25.09424, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -98.445449, "energy": 98.220321, "activity_lines": [ 2.570333, 2.683364, 2.785545, 2.840604 ] }, { "date": "2025-04-11", "close": 2.2855, "volume": 559, "typical_volume": 4923.25, "trend": 2.893017, "fair_value": 3.528652, "relative_strength": -23.566758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -95.62574, "energy": 98.178318, "activity_lines": [ 2.449833, 2.597864, 2.731938, 2.799754 ] }, { "date": "2025-04-18", "close": 2.349, "volume": 3816, "typical_volume": 4931.95, "trend": 2.869633, "fair_value": 3.519978, "relative_strength": -25.227549, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.560062, "energy": 92.002991, "activity_lines": [ 2.383067, 2.534636, 2.687376, 2.764656 ] }, { "date": "2025-04-25", "close": 2.4605, "volume": 2776, "typical_volume": 5011.85, "trend": 2.8443, "fair_value": 3.512245, "relative_strength": -24.088943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.503419, "energy": 88.714703, "activity_lines": [ 2.383067, 2.501173, 2.65631, 2.73826 ] }, { "date": "2025-05-02", "close": 2.5435, "volume": 4107, "typical_volume": 5217.2, "trend": 2.823083, "fair_value": 3.505225, "relative_strength": -22.984908, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.456066, "energy": 68.987158, "activity_lines": [ 2.4316, 2.490209, 2.635464, 2.718854 ] }, { "date": "2025-05-09", "close": 2.61, "volume": 529, "typical_volume": 5075.2, "trend": 2.80595, "fair_value": 3.498784, "relative_strength": -22.51689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.949849, "energy": 51.291922, "activity_lines": [ 2.505933, 2.497936, 2.622914, 2.705106 ] }, { "date": "2025-05-16", "close": 2.7185, "volume": 14583, "typical_volume": 5804.35, "trend": 2.79305, "fair_value": 3.493211, "relative_strength": -21.29692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.119204, "energy": 31.1165, "activity_lines": [ 2.595533, 2.528873, 2.622102, 2.699465 ] }, { "date": "2025-05-23", "close": 2.649, "volume": 2292, "typical_volume": 5149.15, "trend": 2.7793, "fair_value": 3.487223, "relative_strength": -20.379231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.56569, "energy": 35.53163, "activity_lines": [ 2.6331, 2.548182, 2.615595, 2.690171 ] }, { "date": "2025-05-30", "close": 2.7095, "volume": 2000, "typical_volume": 4894.15, "trend": 2.7695, "fair_value": 3.481746, "relative_strength": -19.139386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.001885, "energy": 30.991049, "activity_lines": [ 2.670833, 2.581109, 2.616617, 2.685668 ] }, { "date": "2025-06-06", "close": 2.7895, "volume": 137, "typical_volume": 4890.7, "trend": 2.764883, "fair_value": 3.476906, "relative_strength": -17.183514, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 12.996291, "energy": 31.011577, "activity_lines": [ 2.718633, 2.629745, 2.626352, 2.686958 ] }, { "date": "2025-06-13", "close": 2.7915, "volume": 400, "typical_volume": 4618.1, "trend": 2.762467, "fair_value": 3.472146, "relative_strength": -14.004998, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 13.313646, "energy": 32.592728, "activity_lines": [ 2.7507, 2.675264, 2.637093, 2.688675 ] }, { "date": "2025-06-20", "close": 2.7885, "volume": 34, "typical_volume": 4056.65, "trend": 2.75825, "fair_value": 3.467431, "relative_strength": -13.047636, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.647061, "energy": 40.702302, "activity_lines": [ 2.769667, 2.711236, 2.648074, 2.690355 ] }, { "date": "2025-06-27", "close": 2.879, "volume": 0, "typical_volume": 4047.85, "trend": 2.755783, "fair_value": 3.463401, "relative_strength": -10.820699, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.353572, "energy": 64.24624, "activity_lines": [ 2.814133, 2.754518, 2.668088, 2.698145 ] }, { "date": "2025-07-04", "close": 2.981, "volume": 431, "typical_volume": 3942.4, "trend": 2.756917, "fair_value": 3.460119, "relative_strength": -6.897814, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 53.689054, "energy": 77.75776, "activity_lines": [ 2.877267, 2.806709, 2.697779, 2.712675 ] }, { "date": "2025-07-11", "close": 3.037, "volume": 3535, "typical_volume": 4015.2, "trend": 2.759633, "fair_value": 3.45726, "relative_strength": -5.710851, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 62.888521, "energy": 85.224462, "activity_lines": [ 2.940967, 2.859618, 2.732264, 2.730745 ] }, { "date": "2025-07-18", "close": 3.0415, "volume": 100, "typical_volume": 4020.2, "trend": 2.764183, "fair_value": 3.45447, "relative_strength": -5.68299, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 55.798438, "energy": 83.632328, "activity_lines": [ 2.989667, 2.904373, 2.766557, 2.74893 ] }, { "date": "2025-07-25", "close": 3.1045, "volume": 604, "typical_volume": 3284.3, "trend": 2.770583, "fair_value": 3.452137, "relative_strength": -4.276476, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 85.512178, "energy": 94.372104, "activity_lines": [ 3.0427, 2.952736, 2.805707, 2.770886 ] }, { "date": "2025-08-01", "close": 2.977, "volume": 1100, "typical_volume": 3301.8, "trend": 2.76915, "fair_value": 3.44899, "relative_strength": -5.946539, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.851726, "energy": 85.986326, "activity_lines": [ 3.032167, 2.9709, 2.83114, 2.784203 ] }, { "date": "2025-08-08", "close": 3.048, "volume": 3148, "typical_volume": 3447.95, "trend": 2.772767, "fair_value": 3.446352, "relative_strength": -7.114916, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.591393, "energy": 75.511313, "activity_lines": [ 3.038767, 2.996009, 2.86246, 2.802194 ] }, { "date": "2025-08-15", "close": 3.0445, "volume": 200, "typical_volume": 2880.95, "trend": 2.775567, "fair_value": 3.443725, "relative_strength": -8.987833, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.711598, "energy": 64.487728, "activity_lines": [ 3.039733, 3.014327, 2.892138, 2.819725 ] }, { "date": "2025-08-22", "close": 3.1025, "volume": 253, "typical_volume": 2030.2, "trend": 2.78225, "fair_value": 3.44151, "relative_strength": -8.211637, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.809928, "energy": 65.937623, "activity_lines": [ 3.059533, 3.038555, 2.925214, 2.840817 ] }, { "date": "2025-08-29", "close": 3.0685, "volume": 2581, "typical_volume": 2131.3, "trend": 2.788683, "fair_value": 3.439103, "relative_strength": -6.42916, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.116333, "energy": 63.231337, "activity_lines": [ 3.063933, 3.050945, 2.951214, 2.859285 ] }, { "date": "2025-09-05", "close": 3.0205, "volume": 396, "typical_volume": 1960.3, "trend": 2.793667, "fair_value": 3.43642, "relative_strength": -6.239797, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.313783, "energy": 58.577779, "activity_lines": [ 3.054733, 3.049518, 2.968914, 2.874241 ] }, { "date": "2025-09-12", "close": 3.0845, "volume": 3154, "typical_volume": 1979.2, "trend": 2.800883, "fair_value": 3.426199, "relative_strength": -5.974602, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.867252, "energy": 59.139782, "activity_lines": [ 3.063967, 3.057155, 2.989512, 2.893004 ] }, { "date": "2025-09-19", "close": 3.195, "volume": 4960, "typical_volume": 2021.85, "trend": 2.8105, "fair_value": 3.419064, "relative_strength": -1.657326, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.427159, "energy": 66.212237, "activity_lines": [ 3.1076, 3.083, 3.017662, 2.918431 ] }, { "date": "2025-09-26", "close": 3.1705, "volume": 6827, "typical_volume": 2336.75, "trend": 2.8228, "fair_value": 3.41291, "relative_strength": -2.727647, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.016492, "energy": 64.376863, "activity_lines": [ 3.133033, 3.101518, 3.040376, 2.941657 ] }, { "date": "2025-10-03", "close": 3.3895, "volume": 2217, "typical_volume": 1718.45, "trend": 2.843317, "fair_value": 3.408301, "relative_strength": 2.942447, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.136962, "energy": 92.786682, "activity_lines": [ 3.226933, 3.157509, 3.081279, 2.978218 ] }, { "date": "2025-10-10", "close": 3.377, "volume": 4864, "typical_volume": 1847.05, "trend": 2.862783, "fair_value": 3.40474, "relative_strength": 5.801432, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.725765, "energy": 94.252646, "activity_lines": [ 3.295267, 3.206045, 3.117795, 3.012649 ] }, { "date": "2025-10-17", "close": 3.5215, "volume": 10037, "typical_volume": 2248.9, "trend": 2.887717, "fair_value": 3.401244, "relative_strength": 11.204227, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.946507, "energy": 96.554358, "activity_lines": [ 3.388, 3.273582, 3.164607, 3.055147 ] }, { "date": "2025-10-24", "close": 3.5445, "volume": 3229, "typical_volume": 2403.5, "trend": 2.919267, "fair_value": 3.397221, "relative_strength": 10.138749, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.803731, "energy": 94.846853, "activity_lines": [ 3.459267, 3.336691, 3.209743, 3.09752 ] }, { "date": "2025-10-31", "close": 3.5565, "volume": 160, "typical_volume": 2391.5, "trend": 2.961267, "fair_value": 3.392718, "relative_strength": 8.867857, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.816203, "energy": 91.626696, "activity_lines": [ 3.511233, 3.392891, 3.252426, 3.138632 ] }, { "date": "2025-11-07", "close": 3.4905, "volume": 831, "typical_volume": 2431.35, "trend": 3.001433, "fair_value": 3.386311, "relative_strength": 7.631085, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.335694, "energy": 76.581092, "activity_lines": [ 3.515467, 3.428836, 3.285181, 3.172776 ] }, { "date": "2025-11-14", "close": 3.511, "volume": 2287, "typical_volume": 2545.7, "trend": 3.040167, "fair_value": 3.380728, "relative_strength": 5.719407, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.423104, "energy": 66.628642, "activity_lines": [ 3.5198, 3.460836, 3.316545, 3.205652 ] }, { "date": "2025-11-21", "close": 3.2755, "volume": 50, "typical_volume": 2526.65, "trend": 3.067333, "fair_value": 3.373292, "relative_strength": 1.976273, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.888544, "energy": 49.794236, "activity_lines": [ 3.4367, 3.4411, 3.322471, 3.220834 ] }, { "date": "2025-11-28", "close": 3.4365, "volume": 53707, "typical_volume": 5035.25, "trend": 3.0971, "fair_value": 3.367147, "relative_strength": 5.519307, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.206679, "energy": 38.336915, "activity_lines": [ 3.423667, 3.447164, 3.342329, 3.244652 ] }, { "date": "2025-12-05", "close": 3.5905, "volume": 11083, "typical_volume": 5584.4, "trend": 3.129783, "fair_value": 3.363003, "relative_strength": 10.115313, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.188384, "energy": 45.245697, "activity_lines": [ 3.469167, 3.476836, 3.37495, 3.276484 ] }, { "date": "2025-12-12", "close": 3.5485, "volume": 8683, "typical_volume": 5988.35, "trend": 3.15745, "fair_value": 3.359526, "relative_strength": 8.71274, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.314195, "energy": 45.05781, "activity_lines": [ 3.4984, 3.491236, 3.400957, 3.303498 ] }, { "date": "2025-12-19", "close": 3.5145, "volume": 14716, "typical_volume": 6669.15, "trend": 3.1863, "fair_value": 3.356699, "relative_strength": 4.880461, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.90395, "energy": 49.065421, "activity_lines": [ 3.512433, 3.496564, 3.421612, 3.326533 ] }, { "date": "2025-12-26", "close": 3.5225, "volume": 0, "typical_volume": 6511.75, "trend": 3.2134, "fair_value": 3.354115, "relative_strength": 5.645743, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.069961, "energy": 50.814047, "activity_lines": [ 3.5289, 3.500845, 3.440469, 3.348224 ] }, { "date": "2026-01-02", "close": 3.6045, "volume": 31, "typical_volume": 6503.3, "trend": 3.240567, "fair_value": 3.35091, "relative_strength": 6.525706, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.073585, "energy": 59.928417, "activity_lines": [ 3.556233, 3.520018, 3.464876, 3.373456 ] }, { "date": "2026-01-09", "close": 3.7355, "volume": 1414, "typical_volume": 6561.35, "trend": 3.272033, "fair_value": 3.346885, "relative_strength": 9.622517, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.114668, "energy": 75.385708, "activity_lines": [ 3.616033, 3.561918, 3.499093, 3.405387 ] }, { "date": "2026-01-16", "close": 3.8795, "volume": 8214, "typical_volume": 6843.0, "trend": 3.3084, "fair_value": 3.344067, "relative_strength": 13.556866, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.770335, "energy": 94.248408, "activity_lines": [ 3.714167, 3.626745, 3.54401, 3.444578 ] }, { "date": "2026-01-23", "close": 4.011, "volume": 8191, "typical_volume": 7232.75, "trend": 3.346133, "fair_value": 3.341631, "relative_strength": 19.653996, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.043885, "energy": 96.687424, "activity_lines": [ 3.834067, 3.708409, 3.597588, 3.489908 ] }, { "date": "2026-01-30", "close": 4.0105, "volume": 9176, "typical_volume": 7533.85, "trend": 3.38045, "fair_value": 3.338006, "relative_strength": 17.533117, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.832046, "energy": 94.320619, "activity_lines": [ 3.9207, 3.780891, 3.646402, 3.53277 ] }, { "date": "2026-02-06", "close": 4.0895, "volume": 4902, "typical_volume": 7530.95, "trend": 3.415533, "fair_value": 3.33583, "relative_strength": 18.579127, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.493151, "energy": 94.092748, "activity_lines": [ 4.001133, 3.854373, 3.698331, 3.578515 ] }, { "date": "2026-02-13", "close": 4.241, "volume": 3171, "typical_volume": 7348.15, "trend": 3.455517, "fair_value": 3.334654, "relative_strength": 23.615317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.568902, "energy": 96.073894, "activity_lines": [ 4.099733, 3.943527, 3.760429, 3.631771 ] }, { "date": "2026-02-20", "close": 4.3535, "volume": 943, "typical_volume": 7284.45, "trend": 3.49715, "fair_value": 3.334708, "relative_strength": 23.482313, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.676941, "energy": 97.094752, "activity_lines": [ 4.202133, 4.041309, 3.828143, 3.689705 ] }, { "date": "2026-02-27", "close": 4.3995, "volume": 19819, "typical_volume": 8032.2, "trend": 3.544567, "fair_value": 3.334715, "relative_strength": 22.197305, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.788649, "energy": 95.669176, "activity_lines": [ 4.288267, 4.132818, 3.895648, 3.747922 ] }, { "date": "2026-03-06", "close": 4.112, "volume": 3134, "typical_volume": 7687.05, "trend": 3.580033, "fair_value": 3.334038, "relative_strength": 21.471268, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.387418, "energy": 81.376638, "activity_lines": [ 4.252667, 4.155964, 3.930902, 3.78453 ] }, { "date": "2026-03-13", "close": 4.207, "volume": 14983, "typical_volume": 8274.75, "trend": 3.618783, "fair_value": 3.335433, "relative_strength": 23.114716, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.322812, "energy": 66.338814, "activity_lines": [ 4.241967, 4.185664, 3.972393, 3.82498 ] }, { "date": "2026-03-20", "close": 4.116, "volume": 14976, "typical_volume": 9015.55, "trend": 3.652567, "fair_value": 3.336907, "relative_strength": 23.828686, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.448246, "energy": 59.317929, "activity_lines": [ 4.1931, 4.187864, 4.002062, 3.857058 ] }, { "date": "2026-03-27", "close": 4.1395, "volume": 5024, "typical_volume": 9225.2, "trend": 3.688267, "fair_value": 3.336792, "relative_strength": 22.132582, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.479339, "energy": 39.446654, "activity_lines": [ 4.1604, 4.187418, 4.031305, 3.888473 ] }, { "date": "2026-04-03", "close": 4.241, "volume": 1760, "typical_volume": 9198.85, "trend": 3.72895, "fair_value": 3.338907, "relative_strength": 18.191603, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.562327, "energy": 40.538291, "activity_lines": [ 4.1758, 4.2007, 4.067124, 3.924133 ] }, { "date": "2026-04-10", "close": 4.549, "volume": 6442, "typical_volume": 9518.45, "trend": 3.777767, "fair_value": 3.34259, "relative_strength": 20.654716, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 81.056119, "energy": 57.518522, "activity_lines": [ 4.304433, 4.2658, 4.1288, 3.97704 ] }, { "date": "2026-04-17", "close": 4.809, "volume": 3605, "typical_volume": 7013.35, "trend": 3.831567, "fair_value": 3.348378, "relative_strength": 23.270692, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.874367, "energy": 71.27291, "activity_lines": [ 4.4906, 4.368382, 4.209174, 4.043571 ] }, { "date": "2026-04-24", "close": 4.979, "volume": 26667, "typical_volume": 7792.55, "trend": 3.89185, "fair_value": 3.35583, "relative_strength": 29.671217, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.252524, "energy": 94.911023, "activity_lines": [ 4.6933, 4.488791, 4.299202, 4.117599 ] }, { "date": "2026-05-01", "close": 5.148, "volume": 7257, "typical_volume": 7721.25, "trend": 3.950467, "fair_value": 3.363712, "relative_strength": 31.170012, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.12744, "energy": 96.094148, "activity_lines": [ 4.8948, 4.626509, 4.398714, 4.198641 ] }, { "date": "2026-05-08", "close": 5.388, "volume": 11930, "typical_volume": 7581.95, "trend": 4.0175, "fair_value": 3.373401, "relative_strength": 33.024549, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.950713, "energy": 97.337055, "activity_lines": [ 5.109067, 4.793418, 4.513467, 4.291385 ] }, { "date": "2026-05-15", "close": 5.394, "volume": 14168, "typical_volume": 8290.35, "trend": 4.079917, "fair_value": 3.382846, "relative_strength": 32.314354, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.40569, "energy": 94.351968, "activity_lines": [ 5.248867, 4.943445, 4.619869, 4.380191 ] }, { "date": "2026-05-22", "close": 5.64, "volume": 5049, "typical_volume": 8541.25, "trend": 4.149767, "fair_value": 3.394455, "relative_strength": 35.77248, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.598939, "energy": 95.359824, "activity_lines": [ 5.414333, 5.114891, 4.740788, 4.480842 ] }, { "date": "2026-05-29", "close": 5.736, "volume": 10058, "typical_volume": 8973.45, "trend": 4.222417, "fair_value": 3.406256, "relative_strength": 35.174345, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.320512, "energy": 92.672661, "activity_lines": [ 5.5564, 5.277736, 4.861157, 4.58318 ] }, { "date": "2026-06-05", "close": 5.592, "volume": 1772, "typical_volume": 8651.35, "trend": 4.292467, "fair_value": 3.416561, "relative_strength": 30.873892, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.430594, "energy": 72.175328, "activity_lines": [ 5.6, 5.384945, 4.958286, 4.67154 ] }, { "date": "2026-06-12", "close": 5.502, "volume": 530, "typical_volume": 8268.3, "trend": 4.358833, "fair_value": 3.425635, "relative_strength": 23.754649, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.912275, "energy": 67.613552, "activity_lines": [ 5.584, 5.449382, 5.038688, 4.749574 ] }, { "date": "2026-06-19", "close": 5.714, "volume": 1860, "typical_volume": 7902.5, "trend": 4.440117, "fair_value": 3.43726, "relative_strength": 24.210343, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.597091, "energy": 69.548706, "activity_lines": [ 5.631067, 5.529436, 5.132181, 4.837004 ] }, { "date": "2026-06-26", "close": 5.282, "volume": 0, "typical_volume": 7657.4, "trend": 4.501633, "fair_value": 3.445224, "relative_strength": 17.572694, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.80971, "energy": 60.768686, "activity_lines": [ 5.5128, 5.509764, 5.176419, 4.891319 ] }, { "date": "2026-07-03", "close": 5.435, "volume": 20, "typical_volume": 7499.85, "trend": 4.563117, "fair_value": 3.454503, "relative_strength": 16.710526, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.163724, "energy": 51.681837, "activity_lines": [ 5.4694, 5.509309, 5.22955, 4.951537 ] }, { "date": "2026-07-10", "close": 5.138, "volume": 8245, "typical_volume": 7864.95, "trend": 4.6161, "fair_value": 3.461135, "relative_strength": 10.236634, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.578132, "energy": 36.852594, "activity_lines": [ 5.347067, 5.446564, 5.24871, 4.988626 ] }, { "date": "2026-07-17", "close": 4.8785, "volume": 4798, "typical_volume": 7113.9, "trend": 4.661567, "fair_value": 3.465497, "relative_strength": 5.719337, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.933396, "energy": 27.742591, "activity_lines": [ 5.1685, 5.336818, 5.239419, 5.005555 ] }, { "date": "2026-07-24", "close": 4.9445, "volume": 10124, "typical_volume": 7463.4, "trend": 4.708967, "fair_value": 3.470609, "relative_strength": 6.870925, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.400841, "energy": 25.94764, "activity_lines": [ 5.0535, 5.248336, 5.234133, 5.023809 ] }, { "date": "2026-07-31", "close": 4.782, "volume": 12247, "typical_volume": 7326.6, "trend": 4.748217, "fair_value": 3.475346, "relative_strength": 2.24663, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.896643, "energy": 31.858896, "activity_lines": [ 4.935633, 5.138482, 5.209407, 5.02852 ] }, { "date": "2026-08-07", "close": 5.141, "volume": 3161, "typical_volume": 6735.85, "trend": 4.795067, "fair_value": 3.483651, "relative_strength": 6.250718, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.720583, "energy": 23.629417, "activity_lines": [ 4.970767, 5.1095, 5.216133, 5.053861 ] } ], "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." } } }