{ "ticker": { "uuid": "6c0bca54-ba51-4266-878f-dad1e76aa601", "symbol": "3151", "name": "Premia China STAR50 ETF", "exchange": "HKG", "country": "HK", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^HSI", "stage": 2, "stage_name": "Advancing", "phase": "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": 29.308, "architecture_energy": 24.912, "architecture_maturity": 65.226, "architecture_confidence": 96, "architecture_tenure": "New", "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": 41.7, "rotation_up": 24.64, "upward_expansion": 57.27, "deceleration": 88.33, "rotation_down": 37.31, "downward_expansion": 20.94 }, "activity_lines": [ 12.305333, 12.777818, 12.427143, 11.83172 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 12.33, "trend_reference": 11.180333, "distance_from_trend": 0.102829, "trend_direction": "Improving", "fair_value": 7.395147, "distance_from_fair_value": 0.66731, "fair_value_direction": "Improving", "relative_strength": 19.158998, "relative_strength_direction": "Weakening", "price_momentum": 0.26332, "excess_performance": 0.296901, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.102829, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.122148, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.66731, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.00717, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.19159, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.073743, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.26332, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.093572, "read": "Demand-led" } ], "volume": { "latest": 4782000, "relative_activity": 1.859564, "balance": 2.093572, "dry_up": 1.999674, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.116102, "annualized_volatility": 0.463312, "from_high_reference": -0.218631, "from_low_reference": 0.763948 }, "levels": { "trend_reference": 11.180333, "fair_value_reference": 7.395147, "structural_low": 8.68, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 9, "median_return": 0.005258, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.019974, "regime_survival": 0.444444, "best_return": 0.105638, "worst_return": -0.056733, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.067633, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.097346, "regime_survival": 0.2, "best_return": 0.235542, "worst_return": -0.126445, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.073269, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.003852, "regime_survival": 0.0, "best_return": 0.297534, "worst_return": -0.110111, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.198246, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.106972, "regime_survival": 0.5, "best_return": 0.626409, "worst_return": -0.229917, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-27", "end": "2024-10-11", "tenure": "New", "return": 0.248804, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2025-01-03", "tenure": "Developing", "return": -0.081906, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-02-14", "tenure": "Developing", "return": 0.10467, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-04-11", "tenure": "Developing", "return": -0.086147, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-18", "end": "2025-07-25", "tenure": "Established", "return": 0.05997, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-01", "end": "2025-08-15", "tenure": "New", "return": 0.06599, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2025-11-07", "tenure": "Developing", "return": 0.129685, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-14", "end": "2026-01-09", "tenure": "Developing", "return": 0.106849, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-03-06", "tenure": "Developing", "return": -0.063523, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-04-03", "tenure": "New", "return": -0.077813, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-10", "end": "2026-04-17", "tenure": "New", "return": 0.041841, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": 0.124388, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-07-31", "tenure": "Developing", "return": -0.018581, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 6.125, "volume": 1238800, "typical_volume": 751500.0, "trend": 7.2675, "fair_value": 8.455648, "relative_strength": -8.546964, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.295732, "energy": 90.893573, "activity_lines": [ 6.434667, 6.596818, 6.877571, 7.07414 ] }, { "date": "2023-08-25", "close": 5.925, "volume": 169800, "typical_volume": 692745.0, "trend": 7.203667, "fair_value": 8.432431, "relative_strength": -12.12378, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.836236, "energy": 95.11981, "activity_lines": [ 6.237333, 6.449364, 6.758167, 6.987527 ] }, { "date": "2023-09-01", "close": 6.425, "volume": 234400, "typical_volume": 652745.0, "trend": 7.1635, "fair_value": 8.414182, "relative_strength": -5.905744, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.248991, "energy": 82.796671, "activity_lines": [ 6.253333, 6.418091, 6.697667, 6.93729 ] }, { "date": "2023-09-08", "close": 6.08, "volume": 282800, "typical_volume": 615925.0, "trend": 7.116167, "fair_value": 8.393153, "relative_strength": -9.836119, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.305436, "energy": 81.624923, "activity_lines": [ 6.171, 6.332818, 6.613, 6.867387 ] }, { "date": "2023-09-15", "close": 6.04, "volume": 251000, "typical_volume": 570140.0, "trend": 7.079833, "fair_value": 8.372143, "relative_strength": -10.122772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.295194, "energy": 72.813566, "activity_lines": [ 6.118, 6.254545, 6.533762, 6.797957 ] }, { "date": "2023-09-22", "close": 6.005, "volume": 248200, "typical_volume": 572750.0, "trend": 7.042667, "fair_value": 8.351195, "relative_strength": -9.817101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.81521, "energy": 66.7999, "activity_lines": [ 6.08, 6.183545, 6.459643, 6.728613 ] }, { "date": "2023-09-29", "close": 6.125, "volume": 85000, "typical_volume": 502110.0, "trend": 7.006167, "fair_value": 8.331667, "relative_strength": -6.539354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.968147, "energy": 63.588887, "activity_lines": [ 6.09, 6.150636, 6.404381, 6.669409 ] }, { "date": "2023-10-06", "close": 5.97, "volume": 196400, "typical_volume": 509010.0, "trend": 6.968833, "fair_value": 8.31113, "relative_strength": -7.02012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.516989, "energy": 64.19811, "activity_lines": [ 6.035, 6.098636, 6.339929, 6.602559 ] }, { "date": "2023-10-13", "close": 6.02, "volume": 526000, "typical_volume": 505830.0, "trend": 6.924167, "fair_value": 8.291379, "relative_strength": -7.679548, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.404565, "energy": 58.85772, "activity_lines": [ 6.027, 6.068545, 6.286667, 6.541344 ] }, { "date": "2023-10-20", "close": 5.81, "volume": 1068300, "typical_volume": 493565.0, "trend": 6.860667, "fair_value": 8.270171, "relative_strength": -7.226672, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.835024, "energy": 63.977592, "activity_lines": [ 5.953, 6.013, 6.218738, 6.469462 ] }, { "date": "2023-10-27", "close": 5.85, "volume": 445000, "typical_volume": 467595.0, "trend": 6.794167, "fair_value": 8.249661, "relative_strength": -7.206178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.580106, "energy": 61.339588, "activity_lines": [ 5.907667, 5.976182, 6.161976, 6.404258 ] }, { "date": "2023-11-03", "close": 5.94, "volume": 703400, "typical_volume": 454565.0, "trend": 6.715667, "fair_value": 8.230252, "relative_strength": -6.61597, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.483611, "energy": 54.692433, "activity_lines": [ 5.902667, 5.960727, 6.120024, 6.349151 ] }, { "date": "2023-11-10", "close": 6.02, "volume": 295200, "typical_volume": 434195.0, "trend": 6.641333, "fair_value": 8.211833, "relative_strength": -2.484104, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.029875, "energy": 50.249937, "activity_lines": [ 5.936667, 5.959545, 6.092238, 6.304269 ] }, { "date": "2023-11-17", "close": 6.035, "volume": 707600, "typical_volume": 459725.0, "trend": 6.575167, "fair_value": 8.193843, "relative_strength": -3.367698, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.593462, "energy": 39.165502, "activity_lines": [ 5.972333, 5.968455, 6.070095, 6.265151 ] }, { "date": "2023-11-24", "close": 5.91, "volume": 5000, "typical_volume": 442905.0, "trend": 6.511667, "fair_value": 8.175123, "relative_strength": -5.643333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.171124, "energy": 36.16828, "activity_lines": [ 5.965333, 5.955455, 6.04, 6.222237 ] }, { "date": "2023-12-01", "close": 5.96, "volume": 180200, "typical_volume": 431465.0, "trend": 6.458167, "fair_value": 8.157114, "relative_strength": -0.575921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.737835, "energy": 33.694426, "activity_lines": [ 5.968333, 5.953909, 6.018857, 6.186645 ] }, { "date": "2023-12-08", "close": 5.92, "volume": 522600, "typical_volume": 435105.0, "trend": 6.412333, "fair_value": 8.139073, "relative_strength": 1.75446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.078498, "energy": 36.893045, "activity_lines": [ 5.950667, 5.945909, 5.998381, 6.151925 ] }, { "date": "2023-12-15", "close": 5.845, "volume": 505600, "typical_volume": 398285.0, "trend": 6.363167, "fair_value": 8.12072, "relative_strength": -2.233118, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.389923, "energy": 46.78378, "activity_lines": [ 5.909333, 5.928, 5.974119, 6.115323 ] }, { "date": "2023-12-22", "close": 5.795, "volume": 45400, "typical_volume": 392335.0, "trend": 6.318333, "fair_value": 8.102262, "relative_strength": -0.498832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.837931, "energy": 56.170559, "activity_lines": [ 5.863, 5.903273, 5.949048, 6.078667 ] }, { "date": "2023-12-29", "close": 5.845, "volume": 116800, "typical_volume": 391375.0, "trend": 6.268, "fair_value": 8.084488, "relative_strength": -3.787273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.061861, "energy": 47.565345, "activity_lines": [ 5.849333, 5.891727, 5.933143, 6.048129 ] }, { "date": "2024-01-05", "close": 5.53, "volume": 485800, "typical_volume": 353725.0, "trend": 6.213667, "fair_value": 8.064531, "relative_strength": -6.113738, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.996388, "energy": 76.098548, "activity_lines": [ 5.735, 5.822273, 5.890071, 6.000516 ] }, { "date": "2024-01-12", "close": 5.33, "volume": 171800, "typical_volume": 353825.0, "trend": 6.1475, "fair_value": 8.043333, "relative_strength": -7.875372, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.047912, "energy": 90.893664, "activity_lines": [ 5.582667, 5.722273, 5.830786, 5.943505 ] }, { "date": "2024-01-19", "close": 5.225, "volume": 637000, "typical_volume": 373955.0, "trend": 6.0915, "fair_value": 8.021654, "relative_strength": -4.156028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.036169, "energy": 95.396555, "activity_lines": [ 5.434667, 5.614273, 5.764333, 5.883989 ] }, { "date": "2024-01-26", "close": 5.11, "volume": 748000, "typical_volume": 397215.0, "trend": 6.033, "fair_value": 7.999427, "relative_strength": -9.924282, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.291292, "energy": 95.75492, "activity_lines": [ 5.289667, 5.499818, 5.692643, 5.820667 ] }, { "date": "2024-02-02", "close": 4.632, "volume": 1162400, "typical_volume": 442785.0, "trend": 5.961067, "fair_value": 7.973917, "relative_strength": -15.90362, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -96.526897, "energy": 98.357543, "activity_lines": [ 5.031, 5.315273, 5.580048, 5.73028 ] }, { "date": "2024-02-09", "close": 5.13, "volume": 1669400, "typical_volume": 513845.0, "trend": 5.902067, "fair_value": 7.952534, "relative_strength": -7.981665, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.727301, "energy": 82.133776, "activity_lines": [ 5.0192, 5.244509, 5.521586, 5.676662 ] }, { "date": "2024-02-16", "close": 5.18, "volume": 296600, "typical_volume": 524425.0, "trend": 5.8539, "fair_value": 7.931843, "relative_strength": -10.32698, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.881852, "energy": 65.304904, "activity_lines": [ 5.050733, 5.197927, 5.472052, 5.630077 ] }, { "date": "2024-02-23", "close": 5.195, "volume": 707600, "typical_volume": 549985.0, "trend": 5.804567, "fair_value": 7.91157, "relative_strength": -11.925566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.23374, "energy": 59.20988, "activity_lines": [ 5.097267, 5.167527, 5.428448, 5.587568 ] }, { "date": "2024-03-01", "close": 5.56, "volume": 712800, "typical_volume": 559325.0, "trend": 5.7659, "fair_value": 7.894279, "relative_strength": -4.879919, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.388517, "energy": 30.8331, "activity_lines": [ 5.267467, 5.215309, 5.423295, 5.571789 ] }, { "date": "2024-03-08", "close": 5.45, "volume": 580400, "typical_volume": 534930.0, "trend": 5.7329, "fair_value": 7.876438, "relative_strength": -5.241597, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.955906, "energy": 25.090268, "activity_lines": [ 5.371, 5.247364, 5.409857, 5.551409 ] }, { "date": "2024-03-15", "close": 5.505, "volume": 1093200, "typical_volume": 567340.0, "trend": 5.712233, "fair_value": 7.859254, "relative_strength": -6.143434, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.081394, "energy": 25.709346, "activity_lines": [ 5.438333, 5.2966, 5.403371, 5.536705 ] }, { "date": "2024-03-22", "close": 5.365, "volume": 269600, "typical_volume": 545650.0, "trend": 5.693567, "fair_value": 7.841309, "relative_strength": -6.985547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.903752, "energy": 24.0685, "activity_lines": [ 5.434, 5.320836, 5.385195, 5.514303 ] }, { "date": "2024-03-29", "close": 5.18, "volume": 276000, "typical_volume": 544690.0, "trend": 5.652067, "fair_value": 7.8223, "relative_strength": -10.067442, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.760298, "energy": 20.407807, "activity_lines": [ 5.355667, 5.3108, 5.352138, 5.48117 ] }, { "date": "2024-04-05", "close": 5.1, "volume": 2400, "typical_volume": 509430.0, "trend": 5.6194, "fair_value": 7.802993, "relative_strength": -11.921364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.568624, "energy": 34.26469, "activity_lines": [ 5.251667, 5.287036, 5.315462, 5.445553 ] }, { "date": "2024-04-12", "close": 4.986, "volume": 255400, "typical_volume": 521950.0, "trend": 5.584267, "fair_value": 7.783155, "relative_strength": -13.371215, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.694638, "energy": 51.042413, "activity_lines": [ 5.140333, 5.242727, 5.272381, 5.404688 ] }, { "date": "2024-04-19", "close": 4.916, "volume": 523000, "typical_volume": 539090.0, "trend": 5.547967, "fair_value": 7.763105, "relative_strength": -11.490941, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.09397, "energy": 69.509721, "activity_lines": [ 5.0366, 5.179255, 5.227033, 5.361574 ] }, { "date": "2024-04-26", "close": 5.07, "volume": 208400, "typical_volume": 523380.0, "trend": 5.5128, "fair_value": 7.744403, "relative_strength": -15.597357, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.664038, "energy": 65.71796, "activity_lines": [ 5.023467, 5.147673, 5.201324, 5.330738 ] }, { "date": "2024-05-03", "close": 5.295, "volume": 497600, "typical_volume": 522980.0, "trend": 5.4903, "fair_value": 7.72751, "relative_strength": -15.352646, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.735091, "energy": 51.328676, "activity_lines": [ 5.105, 5.159, 5.20109, 5.316686 ] }, { "date": "2024-05-10", "close": 5.175, "volume": 407000, "typical_volume": 541060.0, "trend": 5.462133, "fair_value": 7.710027, "relative_strength": -18.944034, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.75117, "energy": 37.193302, "activity_lines": [ 5.138867, 5.146691, 5.192048, 5.296344 ] }, { "date": "2024-05-17", "close": 5.115, "volume": 721800, "typical_volume": 571310.0, "trend": 5.438967, "fair_value": 7.692374, "relative_strength": -21.78826, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.866376, "energy": 24.18651, "activity_lines": [ 5.147733, 5.130473, 5.180243, 5.273948 ] }, { "date": "2024-05-24", "close": 4.876, "volume": 487400, "typical_volume": 571390.0, "trend": 5.4065, "fair_value": 7.673345, "relative_strength": -21.118893, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.355912, "energy": 39.514674, "activity_lines": [ 5.068333, 5.076891, 5.149152, 5.237628 ] }, { "date": "2024-05-31", "close": 4.984, "volume": 845400, "typical_volume": 605070.0, "trend": 5.374633, "fair_value": 7.655295, "relative_strength": -16.467273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.627718, "energy": 49.73617, "activity_lines": [ 5.0276, 5.054382, 5.131462, 5.21037 ] }, { "date": "2024-06-07", "close": 4.962, "volume": 285200, "typical_volume": 587480.0, "trend": 5.339367, "fair_value": 7.63734, "relative_strength": -17.661538, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.103044, "energy": 58.954881, "activity_lines": [ 4.985267, 5.0348, 5.113324, 5.183748 ] }, { "date": "2024-06-14", "close": 5.075, "volume": 465800, "typical_volume": 573370.0, "trend": 5.307367, "fair_value": 7.620371, "relative_strength": -13.373696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.611837, "energy": 52.363467, "activity_lines": [ 5.0028, 5.039727, 5.1072, 5.166692 ] }, { "date": "2024-06-21", "close": 5.045, "volume": 3774000, "typical_volume": 703950.0, "trend": 5.278533, "fair_value": 7.603428, "relative_strength": -13.865329, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.039584, "energy": 36.338613, "activity_lines": [ 5.017, 5.039655, 5.098386, 5.149766 ] }, { "date": "2024-06-28", "close": 4.76, "volume": 605200, "typical_volume": 650740.0, "trend": 5.238533, "fair_value": 7.584843, "relative_strength": -16.845763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.651493, "energy": 52.713188, "activity_lines": [ 4.940867, 4.986691, 5.060462, 5.116312 ] }, { "date": "2024-07-05", "close": 4.656, "volume": 9000, "typical_volume": 636360.0, "trend": 5.1964, "fair_value": 7.565825, "relative_strength": -18.508185, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.028228, "energy": 71.347034, "activity_lines": [ 4.8378, 4.917655, 5.014395, 5.078729 ] }, { "date": "2024-07-12", "close": 4.806, "volume": 602000, "typical_volume": 631080.0, "trend": 5.161767, "fair_value": 7.548019, "relative_strength": -17.696185, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.8359, "energy": 69.680647, "activity_lines": [ 4.8066, 4.883418, 4.98511, 5.053542 ] }, { "date": "2024-07-19", "close": 4.988, "volume": 266800, "typical_volume": 608780.0, "trend": 5.134867, "fair_value": 7.531609, "relative_strength": -9.954186, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.718969, "energy": 60.813291, "activity_lines": [ 4.846467, 4.891164, 4.97501, 5.042331 ] }, { "date": "2024-07-26", "close": 4.828, "volume": 248600, "typical_volume": 592190.0, "trend": 5.100967, "fair_value": 7.482429, "relative_strength": -10.534356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.422949, "energy": 45.365649, "activity_lines": [ 4.8388, 4.873218, 4.952395, 5.022533 ] }, { "date": "2024-08-02", "close": 4.9, "volume": 141400, "typical_volume": 544600.0, "trend": 5.079967, "fair_value": 7.434673, "relative_strength": -8.490047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.850499, "energy": 31.258198, "activity_lines": [ 4.8696, 4.873582, 4.9396, 5.009568 ] }, { "date": "2024-08-09", "close": 4.794, "volume": 51800, "typical_volume": 533710.0, "trend": 5.0621, "fair_value": 7.388096, "relative_strength": -10.918233, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.669688, "energy": 28.664913, "activity_lines": [ 4.855733, 4.854236, 4.91959, 4.991118 ] }, { "date": "2024-08-16", "close": 4.772, "volume": 57400, "typical_volume": 522780.0, "trend": 5.047, "fair_value": 7.343942, "relative_strength": -12.696847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.773701, "energy": 37.851166, "activity_lines": [ 4.825333, 4.834345, 4.900205, 4.972402 ] }, { "date": "2024-08-23", "close": 4.664, "volume": 506200, "typical_volume": 547970.0, "trend": 5.032133, "fair_value": 7.300763, "relative_strength": -15.230925, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.310793, "energy": 48.158698, "activity_lines": [ 4.7612, 4.798273, 4.872476, 4.947692 ] }, { "date": "2024-08-30", "close": 4.756, "volume": 497600, "typical_volume": 560080.0, "trend": 5.036267, "fair_value": 7.261891, "relative_strength": -14.924327, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.079591, "energy": 53.478377, "activity_lines": [ 4.749333, 4.7864, 4.855586, 4.929877 ] }, { "date": "2024-09-06", "close": 4.6, "volume": 160600, "typical_volume": 541960.0, "trend": 5.0186, "fair_value": 7.220801, "relative_strength": -14.774249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.332932, "energy": 65.935053, "activity_lines": [ 4.690267, 4.751418, 4.824933, 4.901731 ] }, { "date": "2024-09-13", "close": 4.468, "volume": 528700, "typical_volume": 557975.0, "trend": 4.994867, "fair_value": 7.182071, "relative_strength": -16.472345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.299163, "energy": 77.170482, "activity_lines": [ 4.6072, 4.695345, 4.783214, 4.866209 ] }, { "date": "2024-09-20", "close": 4.45, "volume": 493400, "typical_volume": 557765.0, "trend": 4.970033, "fair_value": 7.142006, "relative_strength": -20.420156, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.589168, "energy": 78.58802, "activity_lines": [ 4.539867, 4.639418, 4.742648, 4.831056 ] }, { "date": "2024-09-27", "close": 5.225, "volume": 2283200, "typical_volume": 651575.0, "trend": 4.958867, "fair_value": 7.107103, "relative_strength": -16.837379, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -13.499862, "energy": 16.657748, "activity_lines": [ 4.752333, 4.730873, 4.779914, 4.847505 ] }, { "date": "2024-10-04", "close": 7.5, "volume": 3462000, "typical_volume": 788585.0, "trend": 5.0272, "fair_value": 7.087295, "relative_strength": 8.401972, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 60.305514, "energy": 72.363721, "activity_lines": [ 5.685733, 5.231655, 5.03361, 5.011449 ] }, { "date": "2024-10-11", "close": 6.525, "volume": 9150400, "typical_volume": 1221735.0, "trend": 5.0612, "fair_value": 7.061173, "relative_strength": 1.096722, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 70.766788, "energy": 58.180523, "activity_lines": [ 6.1112, 5.506582, 5.18309, 5.108082 ] }, { "date": "2024-10-18", "close": 6.715, "volume": 2970000, "typical_volume": 1327965.0, "trend": 5.1062, "fair_value": 7.034859, "relative_strength": 6.385182, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.549293, "energy": 61.552752, "activity_lines": [ 6.471667, 5.786509, 5.342814, 5.214778 ] }, { "date": "2024-10-25", "close": 6.72, "volume": 4062000, "typical_volume": 1516805.0, "trend": 5.157533, "fair_value": 7.007423, "relative_strength": 7.637985, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.311546, "energy": 81.10752, "activity_lines": [ 6.684, 6.032418, 5.494771, 5.318895 ] }, { "date": "2024-11-01", "close": 6.405, "volume": 2407400, "typical_volume": 1613885.0, "trend": 5.201033, "fair_value": 6.97816, "relative_strength": 3.167911, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.740464, "energy": 56.042408, "activity_lines": [ 6.64, 6.185636, 5.608357, 5.399376 ] }, { "date": "2024-11-08", "close": 6.9, "volume": 5834800, "typical_volume": 1716925.0, "trend": 5.264833, "fair_value": 6.948994, "relative_strength": 10.071271, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.401839, "energy": 53.819053, "activity_lines": [ 6.682333, 6.3972, 5.762752, 5.508987 ] }, { "date": "2024-11-15", "close": 6.57, "volume": 3986200, "typical_volume": 1885975.0, "trend": 5.319967, "fair_value": 6.91784, "relative_strength": 11.884397, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.637412, "energy": 44.938998, "activity_lines": [ 6.654667, 6.509782, 5.876886, 5.593191 ] }, { "date": "2024-11-22", "close": 6.44, "volume": 1410000, "typical_volume": 1956025.0, "trend": 5.365633, "fair_value": 6.885596, "relative_strength": 10.80229, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.756045, "energy": 38.172229, "activity_lines": [ 6.580667, 6.562909, 5.970019, 5.665452 ] }, { "date": "2024-11-29", "close": 6.73, "volume": 1640800, "typical_volume": 2007965.0, "trend": 5.413467, "fair_value": 6.855853, "relative_strength": 14.693213, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.675005, "energy": 34.956611, "activity_lines": [ 6.621667, 6.632909, 6.082276, 5.753475 ] }, { "date": "2024-12-06", "close": 6.77, "volume": 744000, "typical_volume": 2031825.0, "trend": 5.466633, "fair_value": 6.826622, "relative_strength": 12.962109, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.329553, "energy": 35.52433, "activity_lines": [ 6.675333, 6.668727, 6.189181, 5.840994 ] }, { "date": "2024-12-13", "close": 6.51, "volume": 3623400, "typical_volume": 2200565.0, "trend": 5.513133, "fair_value": 6.797968, "relative_strength": 8.20311, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.363186, "energy": 27.204025, "activity_lines": [ 6.618, 6.629182, 6.262838, 5.908308 ] }, { "date": "2024-12-20", "close": 6.635, "volume": 1084600, "typical_volume": 2247725.0, "trend": 5.571767, "fair_value": 6.772231, "relative_strength": 11.811659, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.509257, "energy": 26.155265, "activity_lines": [ 6.628333, 6.630364, 6.34039, 5.980686 ] }, { "date": "2024-12-27", "close": 6.71, "volume": 1209600, "typical_volume": 2305615.0, "trend": 5.6293, "fair_value": 6.744538, "relative_strength": 11.057422, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.183237, "energy": 29.031577, "activity_lines": [ 6.659333, 6.643182, 6.416824, 6.05412 ] }, { "date": "2025-01-03", "close": 6.165, "volume": 1029600, "typical_volume": 2354225.0, "trend": 5.6694, "fair_value": 6.717968, "relative_strength": 3.891252, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.800624, "energy": 20.532458, "activity_lines": [ 6.490667, 6.557, 6.432229, 6.088682 ] }, { "date": "2025-01-10", "close": 6.21, "volume": 1147400, "typical_volume": 2386285.0, "trend": 5.707233, "fair_value": 6.691109, "relative_strength": 8.486489, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.189158, "energy": 19.315345, "activity_lines": [ 6.374667, 6.489091, 6.445286, 6.123559 ] }, { "date": "2025-01-17", "close": 6.315, "volume": 1027600, "typical_volume": 2412785.0, "trend": 5.749567, "fair_value": 6.666141, "relative_strength": 7.522662, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 22.193362, "energy": 17.129481, "activity_lines": [ 6.331, 6.443818, 6.460981, 6.16277 ] }, { "date": "2025-01-24", "close": 6.48, "volume": 1350000, "typical_volume": 2472255.0, "trend": 5.8069, "fair_value": 6.645468, "relative_strength": 7.663153, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 20.375103, "energy": 18.75737, "activity_lines": [ 6.355333, 6.439182, 6.484967, 6.209895 ] }, { "date": "2025-01-31", "close": 6.34, "volume": 345600, "typical_volume": 2463100.0, "trend": 5.863033, "fair_value": 6.622712, "relative_strength": 4.40713, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 19.103738, "energy": 13.74421, "activity_lines": [ 6.343333, 6.410727, 6.486667, 6.244288 ] }, { "date": "2025-02-07", "close": 6.76, "volume": 2741800, "typical_volume": 2575520.0, "trend": 5.928167, "fair_value": 6.60675, "relative_strength": 6.578793, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.640865, "energy": 27.675611, "activity_lines": [ 6.496, 6.460455, 6.519452, 6.302157 ] }, { "date": "2025-02-14", "close": 6.86, "volume": 1852000, "typical_volume": 2553960.0, "trend": 5.990567, "fair_value": 6.589603, "relative_strength": 1.135641, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 54.451315, "energy": 41.496393, "activity_lines": [ 6.642333, 6.527818, 6.550762, 6.362275 ] }, { "date": "2025-02-21", "close": 7.255, "volume": 2921500, "typical_volume": 2526935.0, "trend": 6.071467, "fair_value": 6.572615, "relative_strength": 3.062566, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.914434, "energy": 68.653747, "activity_lines": [ 6.877, 6.665364, 6.611905, 6.443852 ] }, { "date": "2025-02-28", "close": 7.09, "volume": 4361200, "typical_volume": 2287475.0, "trend": 6.144467, "fair_value": 6.55675, "relative_strength": 3.2473, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.188787, "energy": 71.979518, "activity_lines": [ 6.994, 6.759364, 6.6585, 6.509563 ] }, { "date": "2025-03-07", "close": 7.335, "volume": 2151400, "typical_volume": 2246545.0, "trend": 6.229167, "fair_value": 6.54425, "relative_strength": 1.327584, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.758469, "energy": 76.655429, "activity_lines": [ 7.152, 6.889636, 6.725738, 6.586372 ] }, { "date": "2025-03-14", "close": 7.25, "volume": 2056400, "typical_volume": 2146265.0, "trend": 6.311767, "fair_value": 6.533096, "relative_strength": 1.4615, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.229717, "energy": 75.785778, "activity_lines": [ 7.215333, 6.993091, 6.781929, 6.652232 ] }, { "date": "2025-03-21", "close": 6.85, "volume": 1460900, "typical_volume": 2098940.0, "trend": 6.384633, "fair_value": 6.521173, "relative_strength": -2.81709, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.310408, "energy": 47.166942, "activity_lines": [ 7.112667, 7.004091, 6.7975, 6.686957 ] }, { "date": "2025-03-28", "close": 6.775, "volume": 1178400, "typical_volume": 1866120.0, "trend": 6.451933, "fair_value": 6.509378, "relative_strength": -2.650849, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.61281, "energy": 33.426035, "activity_lines": [ 6.985667, 6.989818, 6.80381, 6.712142 ] }, { "date": "2025-04-04", "close": 6.645, "volume": 613600, "typical_volume": 1697490.0, "trend": 6.5201, "fair_value": 6.499635, "relative_strength": -2.018921, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.216741, "energy": 16.870309, "activity_lines": [ 6.847333, 6.943545, 6.798333, 6.724598 ] }, { "date": "2025-04-11", "close": 6.63, "volume": 3594500, "typical_volume": 1806715.0, "trend": 6.592167, "fair_value": 6.492872, "relative_strength": 6.674965, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.118809, "energy": 18.863843, "activity_lines": [ 6.733667, 6.891545, 6.791071, 6.731688 ] }, { "date": "2025-04-18", "close": 6.67, "volume": 395400, "typical_volume": 1744445.0, "trend": 6.666167, "fair_value": 6.489026, "relative_strength": 4.849244, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.904327, "energy": 20.099428, "activity_lines": [ 6.680333, 6.841545, 6.786714, 6.73671 ] }, { "date": "2025-04-25", "close": 6.595, "volume": 297600, "typical_volume": 1722125.0, "trend": 6.711833, "fair_value": 6.484923, "relative_strength": 0.824867, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.945981, "energy": 15.284653, "activity_lines": [ 6.640667, 6.779545, 6.7755, 6.732118 ] }, { "date": "2025-05-02", "close": 6.775, "volume": 204400, "typical_volume": 1551175.0, "trend": 6.687667, "fair_value": 6.483641, "relative_strength": 1.070872, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.426736, "energy": 12.572797, "activity_lines": [ 6.678, 6.755091, 6.782262, 6.736194 ] }, { "date": "2025-05-09", "close": 6.655, "volume": 278200, "typical_volume": 1510855.0, "trend": 6.692, "fair_value": 6.478801, "relative_strength": -2.409787, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.31829, "energy": 12.13777, "activity_lines": [ 6.675333, 6.717545, 6.776333, 6.734086 ] }, { "date": "2025-05-16", "close": 6.635, "volume": 284400, "typical_volume": 1464595.0, "trend": 6.689333, "fair_value": 6.470949, "relative_strength": -4.831254, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.266076, "energy": 11.557151, "activity_lines": [ 6.665333, 6.684273, 6.768405, 6.730409 ] }, { "date": "2025-05-23", "close": 6.56, "volume": 309400, "typical_volume": 1428585.0, "trend": 6.684, "fair_value": 6.46566, "relative_strength": -7.023815, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.819599, "energy": 15.032083, "activity_lines": [ 6.63, 6.650091, 6.75369, 6.722065 ] }, { "date": "2025-05-30", "close": 6.55, "volume": 135800, "typical_volume": 1378005.0, "trend": 6.688833, "fair_value": 6.455788, "relative_strength": -5.957622, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.197435, "energy": 26.1769, "activity_lines": [ 6.598667, 6.626636, 6.736143, 6.713419 ] }, { "date": "2025-06-06", "close": 6.68, "volume": 409600, "typical_volume": 1347105.0, "trend": 6.6815, "fair_value": 6.445885, "relative_strength": -6.181777, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.113187, "energy": 20.277159, "activity_lines": [ 6.613667, 6.632273, 6.729357, 6.712849 ] }, { "date": "2025-06-13", "close": 6.565, "volume": 685400, "typical_volume": 1313875.0, "trend": 6.681333, "fair_value": 6.4355, "relative_strength": -8.135157, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.713537, "energy": 22.184163, "activity_lines": [ 6.596667, 6.618727, 6.709881, 6.705333 ] }, { "date": "2025-06-20", "close": 6.44, "volume": 342200, "typical_volume": 1313705.0, "trend": 6.681333, "fair_value": 6.424026, "relative_strength": -8.461447, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.087512, "energy": 34.658407, "activity_lines": [ 6.544, 6.583909, 6.678095, 6.689763 ] }, { "date": "2025-06-27", "close": 6.65, "volume": 212400, "typical_volume": 1187235.0, "trend": 6.678667, "fair_value": 6.413705, "relative_strength": -8.440681, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.713105, "energy": 16.406638, "activity_lines": [ 6.574333, 6.590727, 6.665833, 6.687742 ] }, { "date": "2025-07-04", "close": 6.625, "volume": 632400, "typical_volume": 1126255.0, "trend": 6.673833, "fair_value": 6.403224, "relative_strength": -7.472814, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.675731, "energy": 15.60024, "activity_lines": [ 6.590333, 6.593364, 6.651714, 6.68428 ] }, { "date": "2025-07-11", "close": 6.665, "volume": 152000, "typical_volume": 987780.0, "trend": 6.679, "fair_value": 6.39534, "relative_strength": -7.85527, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.576511, "energy": 11.908294, "activity_lines": [ 6.614667, 6.602727, 6.642524, 6.68371 ] }, { "date": "2025-07-18", "close": 6.73, "volume": 2093600, "typical_volume": 874400.0, "trend": 6.682167, "fair_value": 6.387103, "relative_strength": -9.43917, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.798693, "energy": 9.810148, "activity_lines": [ 6.661667, 6.625909, 6.642333, 6.687 ] }, { "date": "2025-07-25", "close": 7.07, "volume": 2152800, "typical_volume": 874470.0, "trend": 6.694167, "fair_value": 6.380468, "relative_strength": -6.941649, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 47.187185, "energy": 47.481275, "activity_lines": [ 6.811, 6.709545, 6.676238, 6.712022 ] }, { "date": "2025-08-01", "close": 6.895, "volume": 1394600, "typical_volume": 841380.0, "trend": 6.7185, "fair_value": 6.370019, "relative_strength": -5.937056, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.567865, "energy": 51.913178, "activity_lines": [ 6.86, 6.753455, 6.694738, 6.724978 ] }, { "date": "2025-08-08", "close": 6.99, "volume": 880000, "typical_volume": 812335.0, "trend": 6.7445, "fair_value": 6.360404, "relative_strength": -5.991619, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.441421, "energy": 56.61211, "activity_lines": [ 6.924333, 6.808545, 6.723976, 6.742495 ] }, { "date": "2025-08-15", "close": 7.35, "volume": 663200, "typical_volume": 786575.0, "trend": 6.779, "fair_value": 6.355436, "relative_strength": -2.865354, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 88.917865, "energy": 85.875034, "activity_lines": [ 7.084333, 6.921091, 6.786833, 6.781559 ] }, { "date": "2025-08-22", "close": 8.405, "volume": 3177100, "typical_volume": 914750.0, "trend": 6.843167, "fair_value": 6.360404, "relative_strength": 10.300541, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 98.663502, "energy": 98.301527, "activity_lines": [ 7.550333, 7.213273, 6.947429, 6.886462 ] }, { "date": "2025-08-29", "close": 9.06, "volume": 8415800, "typical_volume": 1155815.0, "trend": 6.933833, "fair_value": 6.370692, "relative_strength": 19.396333, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 99.22728, "energy": 99.482765, "activity_lines": [ 8.123, 7.591091, 7.162024, 7.029484 ] }, { "date": "2025-09-05", "close": 8.53, "volume": 8490400, "typical_volume": 1560565.0, "trend": 6.992833, "fair_value": 6.377487, "relative_strength": 10.402082, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.393823, "energy": 92.191363, "activity_lines": [ 8.386333, 7.824909, 7.314571, 7.132462 ] }, { "date": "2025-09-12", "close": 8.975, "volume": 3743100, "typical_volume": 1732840.0, "trend": 7.063333, "fair_value": 6.389603, "relative_strength": 11.307258, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.25724, "energy": 94.262163, "activity_lines": [ 8.689, 8.105455, 7.500643, 7.260344 ] }, { "date": "2025-09-19", "close": 9.205, "volume": 4795900, "typical_volume": 1962415.0, "trend": 7.128333, "fair_value": 6.40534, "relative_strength": 12.753526, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.524534, "energy": 92.339403, "activity_lines": [ 8.936, 8.385091, 7.697286, 7.398516 ] }, { "date": "2025-09-26", "close": 10.0, "volume": 3054000, "typical_volume": 2101205.0, "trend": 7.225333, "fair_value": 6.427038, "relative_strength": 23.446576, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.99824, "energy": 76.886491, "activity_lines": [ 9.324333, 8.763091, 7.958071, 7.583785 ] }, { "date": "2025-10-03", "close": 10.2, "volume": 3000000, "typical_volume": 2236985.0, "trend": 7.320833, "fair_value": 6.448962, "relative_strength": 20.872619, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.771202, "energy": 82.484584, "activity_lines": [ 9.673, 9.118, 8.221976, 7.775699 ] }, { "date": "2025-10-10", "close": 9.71, "volume": 2492000, "typical_volume": 2346115.0, "trend": 7.402833, "fair_value": 6.468994, "relative_strength": 18.33282, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.013055, "energy": 67.649593, "activity_lines": [ 9.782333, 9.326909, 8.422238, 7.929839 ] }, { "date": "2025-10-17", "close": 9.05, "volume": 4914600, "typical_volume": 2585055.0, "trend": 7.476167, "fair_value": 6.484474, "relative_strength": 14.59486, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.599898, "energy": 64.995664, "activity_lines": [ 9.593, 9.364636, 8.544643, 8.036108 ] }, { "date": "2025-10-24", "close": 9.355, "volume": 1264000, "typical_volume": 2627775.0, "trend": 7.562167, "fair_value": 6.500756, "relative_strength": 14.103359, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.211508, "energy": 57.140549, "activity_lines": [ 9.500333, 9.420364, 8.68419, 8.157323 ] }, { "date": "2025-10-31", "close": 9.48, "volume": 2496800, "typical_volume": 2718345.0, "trend": 7.656667, "fair_value": 6.514603, "relative_strength": 16.376753, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.094405, "energy": 43.531112, "activity_lines": [ 9.439333, 9.462364, 8.822905, 8.281054 ] }, { "date": "2025-11-07", "close": 9.495, "volume": 2292343, "typical_volume": 2815852.15, "trend": 7.752167, "fair_value": 6.529378, "relative_strength": 14.868731, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.172988, "energy": 37.054086, "activity_lines": [ 9.418, 9.487545, 8.949167, 8.399656 ] }, { "date": "2025-11-14", "close": 9.125, "volume": 1498300, "typical_volume": 2880147.15, "trend": 7.834, "fair_value": 6.541782, "relative_strength": 8.984369, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.181575, "energy": 33.810525, "activity_lines": [ 9.320333, 9.437545, 9.025643, 8.488226 ] }, { "date": "2025-11-21", "close": 8.595, "volume": 799000, "typical_volume": 2888477.15, "trend": 7.900667, "fair_value": 6.552455, "relative_strength": 8.120251, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.15121, "energy": 24.765854, "activity_lines": [ 9.085, 9.280364, 9.039857, 8.537323 ] }, { "date": "2025-11-28", "close": 8.945, "volume": 793200, "typical_volume": 2920537.15, "trend": 7.973, "fair_value": 6.564122, "relative_strength": 9.746868, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.172588, "energy": 21.299388, "activity_lines": [ 8.996667, 9.193727, 9.078024, 8.604699 ] }, { "date": "2025-12-05", "close": 8.97, "volume": 498600, "typical_volume": 2840787.15, "trend": 8.050167, "fair_value": 6.575404, "relative_strength": 9.078738, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.280203, "energy": 22.367324, "activity_lines": [ 8.944, 9.116364, 9.107714, 8.669022 ] }, { "date": "2025-12-12", "close": 9.135, "volume": 8363400, "typical_volume": 3151317.15, "trend": 8.1335, "fair_value": 6.589603, "relative_strength": 11.373746, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.208932, "energy": 17.454829, "activity_lines": [ 8.980333, 9.087727, 9.142452, 8.739011 ] }, { "date": "2025-12-19", "close": 8.885, "volume": 223200, "typical_volume": 3092747.15, "trend": 8.211, "fair_value": 6.604571, "relative_strength": 9.470119, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.819027, "energy": 12.475974, "activity_lines": [ 8.957333, 9.033, 9.143548, 8.787495 ] }, { "date": "2025-12-26", "close": 9.16, "volume": 386400, "typical_volume": 3068067.15, "trend": 8.298, "fair_value": 6.619442, "relative_strength": 12.15515, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.885802, "energy": 15.936043, "activity_lines": [ 9.042, 9.043273, 9.161357, 8.84872 ] }, { "date": "2026-01-02", "close": 9.36, "volume": 520800, "typical_volume": 3060947.15, "trend": 8.387333, "fair_value": 6.633385, "relative_strength": 12.047802, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.22772, "energy": 28.001041, "activity_lines": [ 9.155667, 9.087909, 9.187881, 8.917237 ] }, { "date": "2026-01-09", "close": 10.1, "volume": 2510900, "typical_volume": 3027637.15, "trend": 8.505167, "fair_value": 6.652006, "relative_strength": 20.963141, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 68.812804, "energy": 60.022873, "activity_lines": [ 9.488333, 9.267, 9.27531, 9.027731 ] }, { "date": "2026-01-16", "close": 10.39, "volume": 2163084, "typical_volume": 2715001.35, "trend": 8.636833, "fair_value": 6.670019, "relative_strength": 21.121473, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.248933, "energy": 85.204074, "activity_lines": [ 9.842333, 9.487545, 9.382286, 9.149333 ] }, { "date": "2026-01-23", "close": 10.67, "volume": 2434700, "typical_volume": 2412216.35, "trend": 8.770833, "fair_value": 6.68816, "relative_strength": 24.261414, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.207198, "energy": 91.892862, "activity_lines": [ 10.206, 9.742727, 9.509595, 9.280505 ] }, { "date": "2026-01-30", "close": 10.36, "volume": 1719800, "typical_volume": 2311051.35, "trend": 8.895333, "fair_value": 6.70566, "relative_strength": 17.386555, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.269396, "energy": 87.160784, "activity_lines": [ 10.347333, 9.913455, 9.59719, 9.383032 ] }, { "date": "2026-02-06", "close": 9.76, "volume": 3586600, "typical_volume": 2250586.35, "trend": 8.9985, "fair_value": 6.720147, "relative_strength": 13.709167, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.102296, "energy": 78.046711, "activity_lines": [ 10.208667, 9.943, 9.621048, 9.438817 ] }, { "date": "2026-02-13", "close": 10.18, "volume": 2148000, "typical_volume": 2205286.35, "trend": 9.1135, "fair_value": 6.739699, "relative_strength": 18.009197, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.878105, "energy": 53.582045, "activity_lines": [ 10.183333, 10.034091, 9.682262, 9.515043 ] }, { "date": "2026-02-20", "close": 10.25, "volume": 394600, "typical_volume": 2075016.35, "trend": 9.2195, "fair_value": 6.759763, "relative_strength": 18.955482, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.444923, "energy": 48.160965, "activity_lines": [ 10.176, 10.115909, 9.749286, 9.588366 ] }, { "date": "2026-02-27", "close": 10.41, "volume": 2685000, "typical_volume": 2084666.35, "trend": 9.336667, "fair_value": 6.780212, "relative_strength": 19.251615, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.952016, "energy": 47.10393, "activity_lines": [ 10.231333, 10.206545, 9.83131, 9.665172 ] }, { "date": "2026-03-06", "close": 9.73, "volume": 1712650, "typical_volume": 1924568.85, "trend": 9.428, "fair_value": 6.797135, "relative_strength": 14.735611, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.302701, "energy": 30.772212, "activity_lines": [ 10.077333, 10.145818, 9.845238, 9.690548 ] }, { "date": "2026-03-13", "close": 9.51, "volume": 1594540, "typical_volume": 1941095.85, "trend": 9.5, "fair_value": 6.810917, "relative_strength": 12.958377, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.723092, "energy": 15.320538, "activity_lines": [ 9.892, 10.034727, 9.834976, 9.695839 ] }, { "date": "2026-03-20", "close": 9.13, "volume": 455400, "typical_volume": 1839025.85, "trend": 9.524167, "fair_value": 6.819987, "relative_strength": 8.796651, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.012188, "energy": 14.87006, "activity_lines": [ 9.596667, 9.851818, 9.787786, 9.671968 ] }, { "date": "2026-03-27", "close": 8.98, "volume": 1227200, "typical_volume": 1785768.7, "trend": 9.5215, "fair_value": 6.827263, "relative_strength": 7.962786, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.32443, "energy": 33.020674, "activity_lines": [ 9.321333, 9.659273, 9.727976, 9.63686 ] }, { "date": "2026-04-03", "close": 8.77, "volume": 379400, "typical_volume": 1729823.7, "trend": 9.5295, "fair_value": 6.830308, "relative_strength": 4.39538, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.771921, "energy": 45.308759, "activity_lines": [ 9.060667, 9.454182, 9.650619, 9.588376 ] }, { "date": "2026-04-10", "close": 9.56, "volume": 256800, "typical_volume": 1702713.7, "trend": 9.549, "fair_value": 6.838705, "relative_strength": 10.054105, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.691323, "energy": 38.633811, "activity_lines": [ 9.172667, 9.427273, 9.65019, 9.590344 ] }, { "date": "2026-04-17", "close": 9.96, "volume": 881200, "typical_volume": 1707113.7, "trend": 9.574167, "fair_value": 6.851141, "relative_strength": 13.042585, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -2.818649, "energy": 12.998135, "activity_lines": [ 9.429333, 9.487636, 9.683262, 9.61686 ] }, { "date": "2026-04-24", "close": 10.21, "volume": 2313000, "typical_volume": 1797833.7, "trend": 9.581167, "fair_value": 6.866494, "relative_strength": 16.076696, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 43.876949, "energy": 22.301502, "activity_lines": [ 9.739333, 9.589818, 9.73531, 9.657882 ] }, { "date": "2026-05-01", "close": 10.96, "volume": 1053400, "typical_volume": 1432333.7, "trend": 9.6065, "fair_value": 6.888256, "relative_strength": 24.698387, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.86268, "energy": 48.378459, "activity_lines": [ 10.227333, 9.827818, 9.852881, 9.746839 ] }, { "date": "2026-05-08", "close": 11.48, "volume": 1990600, "typical_volume": 1520703.7, "trend": 9.6655, "fair_value": 6.915083, "relative_strength": 26.533342, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 83.495584, "energy": 81.293412, "activity_lines": [ 10.756667, 10.147455, 10.011286, 9.86771 ] }, { "date": "2026-05-15", "close": 11.84, "volume": 2922400, "typical_volume": 1647503.7, "trend": 9.7585, "fair_value": 6.944058, "relative_strength": 31.404457, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.91767, "energy": 88.440207, "activity_lines": [ 11.225333, 10.513091, 10.191619, 10.008 ] }, { "date": "2026-05-22", "close": 12.61, "volume": 5877400, "typical_volume": 1915333.7, "trend": 9.867, "fair_value": 6.979122, "relative_strength": 40.232861, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.091847, "energy": 92.904492, "activity_lines": [ 11.798667, 10.980364, 10.432524, 10.191968 ] }, { "date": "2026-05-29", "close": 12.37, "volume": 2950900, "typical_volume": 1937333.7, "trend": 9.963333, "fair_value": 7.011269, "relative_strength": 38.28797, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.663294, "energy": 87.874814, "activity_lines": [ 12.115333, 11.347636, 10.635095, 10.353452 ] }, { "date": "2026-06-05", "close": 11.69, "volume": 558000, "typical_volume": 1857079.5, "trend": 10.0365, "fair_value": 7.040308, "relative_strength": 30.514915, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.04253, "energy": 81.283992, "activity_lines": [ 12.061333, 11.532364, 10.762095, 10.464849 ] }, { "date": "2026-06-12", "close": 11.75, "volume": 1190200, "typical_volume": 1794854.5, "trend": 10.124, "fair_value": 7.068737, "relative_strength": 31.069902, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.730059, "energy": 60.437641, "activity_lines": [ 11.978667, 11.678727, 10.888619, 10.575398 ] }, { "date": "2026-06-19", "close": 13.48, "volume": 2390900, "typical_volume": 1828409.5, "trend": 10.286833, "fair_value": 7.110885, "relative_strength": 53.003019, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.369367, "energy": 66.763097, "activity_lines": [ 12.454667, 12.085455, 11.174762, 10.791914 ] }, { "date": "2026-06-26", "close": 14.23, "volume": 643600, "typical_volume": 1681259.5, "trend": 10.463, "fair_value": 7.158096, "relative_strength": 67.349832, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.324243, "energy": 78.360429, "activity_lines": [ 13.071333, 12.557273, 11.517476, 11.046312 ] }, { "date": "2026-07-03", "close": 13.93, "volume": 1120800, "typical_volume": 1629899.5, "trend": 10.628333, "fair_value": 7.203865, "relative_strength": 56.499422, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.216669, "energy": 83.261871, "activity_lines": [ 13.48, 12.896909, 11.810333, 11.269989 ] }, { "date": "2026-07-10", "close": 14.63, "volume": 5106400, "typical_volume": 1865489.5, "trend": 10.8115, "fair_value": 7.253417, "relative_strength": 56.16163, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.798457, "energy": 89.034319, "activity_lines": [ 14.018, 13.296182, 12.152, 11.528161 ] }, { "date": "2026-07-17", "close": 12.04, "volume": 4531100, "typical_volume": 1957794.5, "trend": 10.916667, "fair_value": 7.288128, "relative_strength": 25.129822, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.289617, "energy": 55.3201, "activity_lines": [ 13.496667, 13.157818, 12.226143, 11.607419 ] }, { "date": "2026-07-24", "close": 12.58, "volume": 6410511, "typical_volume": 2192687.55, "trend": 11.030667, "fair_value": 7.325981, "relative_strength": 27.233555, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.949634, "energy": 41.331045, "activity_lines": [ 13.136, 13.107455, 12.343952, 11.714731 ] }, { "date": "2026-07-31", "close": 11.62, "volume": 4845600, "typical_volume": 2355240.55, "trend": 11.106, "fair_value": 7.357391, "relative_strength": 12.426834, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.970006, "energy": 19.656608, "activity_lines": [ 12.515333, 12.869091, 12.356762, 11.752753 ] }, { "date": "2026-08-07", "close": 12.33, "volume": 4782000, "typical_volume": 2571570.55, "trend": 11.180333, "fair_value": 7.395147, "relative_strength": 19.158998, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.30829, "energy": 24.911755, "activity_lines": [ 12.305333, 12.777818, 12.427143, 11.83172 ] } ], "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." } } }