{ "ticker": { "uuid": "6f0dd11f-a371-40b3-892d-0fffe7d71761", "symbol": "WNDY", "name": "Global X Wind Energy UCITS ETF USD Acc", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 66.422, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -65.366, "architecture_energy": 70.238, "architecture_maturity": 10.906, "architecture_confidence": 86.068, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 18.81, "rotation_up": 13.03, "upward_expansion": 14.83, "deceleration": 44.05, "rotation_down": 70.56, "downward_expansion": 88.16 }, "activity_lines": [ 11.427467, 11.617891, 12.279429, 12.545118 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 11.618, "trend_reference": 12.715633, "distance_from_trend": -0.086322, "trend_direction": "Improving", "fair_value": 10.143346, "distance_from_fair_value": 0.145381, "fair_value_direction": "Weakening", "relative_strength": -9.072424, "relative_strength_direction": "Weakening", "price_momentum": -0.060032, "excess_performance": -0.111268, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.086322, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.020519, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.145381, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.252127, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.090724, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.293307, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.060032, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.041685, "read": "Supply-led" } ], "volume": { "latest": 38, "relative_activity": 0.009539, "balance": 0.041685, "dry_up": 0.25097, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.045453, "annualized_volatility": 0.242275, "from_high_reference": -0.192634, "from_low_reference": 0.24804 }, "levels": { "trend_reference": 12.715633, "fair_value_reference": 10.143346, "structural_low": 11.092, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 15, "median_return": 0.005218, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.005884, "regime_survival": 0.733333, "best_return": 0.113545, "worst_return": -0.083689, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.046278, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.064007, "regime_survival": 0.666667, "best_return": 0.07719, "worst_return": -0.09966, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.030162, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.088698, "regime_survival": 0.333333, "best_return": -0.007561, "worst_return": -0.09042, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.030642, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.128049, "regime_survival": 0.0, "best_return": 0.158582, "worst_return": -0.097298, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-05-24", "end": "2024-06-21", "tenure": "Developing", "return": -0.043593, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-28", "end": "2024-07-05", "tenure": "New", "return": 0.016855, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-12", "end": "2024-07-12", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-19", "end": "2024-07-26", "tenure": "New", "return": 0.048392, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-02", "end": "2024-10-04", "tenure": "Developing", "return": 0.087087, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2024-11-08", "tenure": "Developing", "return": -0.050023, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-15", "end": "2024-11-22", "tenure": "New", "return": -0.026294, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-29", "end": "2025-03-28", "tenure": "Established", "return": -0.075865, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-04", "end": "2025-05-16", "tenure": "Developing", "return": 0.097418, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-23", "end": "2025-06-06", "tenure": "New", "return": 0.035118, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-13", "end": "2026-06-05", "tenure": "Extended", "return": 0.368472, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-12", "end": "2026-06-19", "tenure": "New", "return": 0.003593, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-26", "end": "2026-07-24", "tenure": "Developing", "return": -0.031735, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.023793, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 10.324, "volume": 11073, "typical_volume": 1794.9, "trend": 12.221, "fair_value": 12.966525, "relative_strength": -13.845663, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.444432, "energy": 96.476831, "activity_lines": [ 10.884067, 11.205582, 11.574424, 11.829768 ] }, { "date": "2023-08-25", "close": 10.282, "volume": 1515, "typical_volume": 1802.95, "trend": 12.110167, "fair_value": 12.933383, "relative_strength": -14.615106, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.342742, "energy": 96.04252, "activity_lines": [ 10.602867, 10.999982, 11.424419, 11.704671 ] }, { "date": "2023-09-01", "close": 10.358, "volume": 1439, "typical_volume": 1784.7, "trend": 12.000167, "fair_value": 12.901976, "relative_strength": -14.987271, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.453932, "energy": 91.611188, "activity_lines": [ 10.441, 10.840436, 11.292562, 11.591628 ] }, { "date": "2023-09-08", "close": 9.88, "volume": 280, "typical_volume": 1737.25, "trend": 11.875533, "fair_value": 12.865566, "relative_strength": -18.546475, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.368138, "energy": 95.968342, "activity_lines": [ 10.2026, 10.6156, 11.125805, 11.454843 ] }, { "date": "2023-09-15", "close": 10.183, "volume": 447, "typical_volume": 1707.5, "trend": 11.7774, "fair_value": 12.833631, "relative_strength": -18.163971, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.376423, "energy": 85.412629, "activity_lines": [ 10.1598, 10.477491, 10.999295, 11.345647 ] }, { "date": "2023-09-22", "close": 9.8965, "volume": 438, "typical_volume": 1601.25, "trend": 11.680017, "fair_value": 12.799076, "relative_strength": -19.783873, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.90498, "energy": 73.57638, "activity_lines": [ 10.056833, 10.311109, 10.855405, 11.224299 ] }, { "date": "2023-09-29", "close": 9.7515, "volume": 4507, "typical_volume": 1685.1, "trend": 11.574567, "fair_value": 12.76364, "relative_strength": -19.782559, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.704702, "energy": 72.449454, "activity_lines": [ 9.934033, 10.1527, 10.708407, 11.099878 ] }, { "date": "2023-10-06", "close": 9.2495, "volume": 899, "typical_volume": 1680.75, "trend": 11.45945, "fair_value": 12.723247, "relative_strength": -22.364462, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.821054, "energy": 75.849319, "activity_lines": [ 9.679267, 9.9383, 10.525612, 10.949874 ] }, { "date": "2023-10-13", "close": 9.448, "volume": 2018, "typical_volume": 1665.3, "trend": 11.370383, "fair_value": 12.686028, "relative_strength": -21.368818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.029144, "energy": 70.817124, "activity_lines": [ 9.564567, 9.802727, 10.377048, 10.820103 ] }, { "date": "2023-10-20", "close": 9.155, "volume": 295, "typical_volume": 1658.6, "trend": 11.270017, "fair_value": 12.646354, "relative_strength": -21.351389, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.019282, "energy": 72.938004, "activity_lines": [ 9.381, 9.647536, 10.213455, 10.677175 ] }, { "date": "2023-10-27", "close": 9.076, "volume": 291, "typical_volume": 1597.4, "trend": 11.14735, "fair_value": 12.606683, "relative_strength": -20.442783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.728627, "energy": 72.113625, "activity_lines": [ 9.239633, 9.506309, 10.0569, 10.535626 ] }, { "date": "2023-11-03", "close": 9.572, "volume": 3436, "typical_volume": 1684.65, "trend": 11.047317, "fair_value": 12.573335, "relative_strength": -17.168344, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.358364, "energy": 66.131495, "activity_lines": [ 9.3183, 9.477955, 9.961817, 10.43399 ] }, { "date": "2023-11-10", "close": 9.5555, "volume": 179, "typical_volume": 1631.95, "trend": 10.9462, "fair_value": 12.540533, "relative_strength": -16.211341, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.115432, "energy": 63.700566, "activity_lines": [ 9.403433, 9.459509, 9.876986, 10.337744 ] }, { "date": "2023-11-17", "close": 9.8695, "volume": 8249, "typical_volume": 1975.8, "trend": 10.866117, "fair_value": 12.511812, "relative_strength": -14.717636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.559865, "energy": 48.753394, "activity_lines": [ 9.572833, 9.512745, 9.831543, 10.26828 ] }, { "date": "2023-11-24", "close": 9.75, "volume": 556, "typical_volume": 1917.4, "trend": 10.78235, "fair_value": 12.482431, "relative_strength": -15.15887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.920625, "energy": 32.564255, "activity_lines": [ 9.6743, 9.544445, 9.783055, 10.196272 ] }, { "date": "2023-12-01", "close": 9.895, "volume": 1647, "typical_volume": 1985.1, "trend": 10.707383, "fair_value": 12.455195, "relative_strength": -13.934847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.116641, "energy": 27.302781, "activity_lines": [ 9.784433, 9.610382, 9.756676, 10.139024 ] }, { "date": "2023-12-08", "close": 9.751, "volume": 15, "typical_volume": 1933.15, "trend": 10.623283, "fair_value": 12.427026, "relative_strength": -15.003592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.595401, "energy": 26.657863, "activity_lines": [ 9.791967, 9.650164, 9.725583, 10.077322 ] }, { "date": "2023-12-15", "close": 10.097, "volume": 580, "typical_volume": 1942.6, "trend": 10.54425, "fair_value": 12.403005, "relative_strength": -11.820833, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.612064, "energy": 17.640369, "activity_lines": [ 9.9029, 9.752864, 9.736686, 10.043368 ] }, { "date": "2023-12-22", "close": 10.077, "volume": 161, "typical_volume": 1944.05, "trend": 10.475083, "fair_value": 12.37927, "relative_strength": -12.985037, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.868324, "energy": 16.840763, "activity_lines": [ 9.971067, 9.836518, 9.75304, 10.013223 ] }, { "date": "2023-12-29", "close": 10.536, "volume": 852, "typical_volume": 1943.85, "trend": 10.419183, "fair_value": 12.360652, "relative_strength": -8.988279, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 20.567083, "energy": 29.962723, "activity_lines": [ 10.1784, 9.992191, 9.818929, 10.017153 ] }, { "date": "2024-01-05", "close": 10.032, "volume": 2881, "typical_volume": 1534.25, "trend": 10.351417, "fair_value": 12.337365, "relative_strength": -12.351147, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.500056, "energy": 21.786808, "activity_lines": [ 10.165333, 10.031118, 9.83766, 9.992173 ] }, { "date": "2024-01-12", "close": 10.058, "volume": 4744, "typical_volume": 1695.7, "trend": 10.28485, "fair_value": 12.314797, "relative_strength": -10.858149, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.092713, "energy": 19.270254, "activity_lines": [ 10.1518, 10.057391, 9.860257, 9.973243 ] }, { "date": "2024-01-19", "close": 9.495, "volume": 165, "typical_volume": 1632.0, "trend": 10.21645, "fair_value": 12.287152, "relative_strength": -13.46401, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.644393, "energy": 18.555053, "activity_lines": [ 9.930133, 9.972464, 9.830302, 9.922285 ] }, { "date": "2024-01-26", "close": 9.6355, "volume": 2171, "typical_volume": 1726.55, "trend": 10.1503, "fair_value": 12.261408, "relative_strength": -13.621724, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.289875, "energy": 28.893603, "activity_lines": [ 9.795433, 9.914182, 9.817838, 9.884804 ] }, { "date": "2024-02-02", "close": 9.114, "volume": 4247, "typical_volume": 1916.55, "trend": 10.071, "fair_value": 12.231144, "relative_strength": -17.509162, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.619874, "energy": 49.280092, "activity_lines": [ 9.516333, 9.765336, 9.756871, 9.817946 ] }, { "date": "2024-02-09", "close": 9.301, "volume": 552, "typical_volume": 1922.25, "trend": 9.9882, "fair_value": 12.203238, "relative_strength": -14.775428, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.666268, "energy": 58.079942, "activity_lines": [ 9.394367, 9.662055, 9.718805, 9.768269 ] }, { "date": "2024-02-16", "close": 9.3905, "volume": 1992, "typical_volume": 1796.5, "trend": 9.911483, "fair_value": 12.176703, "relative_strength": -15.028585, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.58239, "energy": 67.920137, "activity_lines": [ 9.350967, 9.585845, 9.692098, 9.729708 ] }, { "date": "2024-02-23", "close": 9.2245, "volume": 1, "typical_volume": 1751.6, "trend": 9.8323, "fair_value": 12.149112, "relative_strength": -15.987491, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.877902, "energy": 72.061215, "activity_lines": [ 9.296733, 9.486009, 9.6513, 9.685386 ] }, { "date": "2024-03-01", "close": 9.5855, "volume": 50, "typical_volume": 1653.2, "trend": 9.775183, "fair_value": 12.125375, "relative_strength": -11.980846, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.721407, "energy": 39.293481, "activity_lines": [ 9.380867, 9.467673, 9.645002, 9.669463 ] }, { "date": "2024-03-08", "close": 9.6875, "volume": 1070, "typical_volume": 1691.95, "trend": 9.741, "fair_value": 12.103009, "relative_strength": -10.323592, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.63528, "energy": 22.377037, "activity_lines": [ 9.502333, 9.476818, 9.647764, 9.663806 ] }, { "date": "2024-03-15", "close": 9.4395, "volume": 27, "typical_volume": 1678.75, "trend": 9.711517, "fair_value": 12.078795, "relative_strength": -12.873166, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.796725, "energy": 20.584678, "activity_lines": [ 9.5029, 9.4563, 9.624371, 9.644355 ] }, { "date": "2024-03-22", "close": 9.445, "volume": 18, "typical_volume": 1507.85, "trend": 9.683617, "fair_value": 12.055068, "relative_strength": -14.529502, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.498097, "energy": 17.495499, "activity_lines": [ 9.496067, 9.447555, 9.599771, 9.62716 ] }, { "date": "2024-03-29", "close": 9.262, "volume": 3896, "typical_volume": 1693.7, "trend": 9.647083, "fair_value": 12.030129, "relative_strength": -15.82545, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.80214, "energy": 24.491569, "activity_lines": [ 9.4246, 9.416682, 9.558348, 9.599959 ] }, { "date": "2024-04-05", "close": 9.202, "volume": 26, "typical_volume": 1282.55, "trend": 9.624483, "fair_value": 12.005102, "relative_strength": -15.391069, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.789384, "energy": 48.199919, "activity_lines": [ 9.330633, 9.379136, 9.512607, 9.571244 ] }, { "date": "2024-04-12", "close": 9.255, "volume": 15, "typical_volume": 1255.5, "trend": 9.59355, "fair_value": 11.980978, "relative_strength": -15.278515, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.371657, "energy": 49.579161, "activity_lines": [ 9.2799, 9.359109, 9.475093, 9.547406 ] }, { "date": "2024-04-19", "close": 8.9595, "volume": 2892, "typical_volume": 1317.75, "trend": 9.562317, "fair_value": 11.954704, "relative_strength": -16.458846, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.789925, "energy": 69.146094, "activity_lines": [ 9.1595, 9.282791, 9.411793, 9.5065 ] }, { "date": "2024-04-26", "close": 9.0535, "volume": 2240, "typical_volume": 1429.0, "trend": 9.53905, "fair_value": 11.929694, "relative_strength": -17.591663, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.578261, "energy": 68.461103, "activity_lines": [ 9.102433, 9.229773, 9.3619, 9.473673 ] }, { "date": "2024-05-03", "close": 9.5435, "volume": 30, "typical_volume": 1401.5, "trend": 9.54885, "fair_value": 11.909299, "relative_strength": -13.418358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.158492, "energy": 35.588632, "activity_lines": [ 9.2348, 9.271973, 9.361995, 9.47396 ] }, { "date": "2024-05-10", "close": 9.8335, "volume": 96, "typical_volume": 1398.25, "trend": 9.5617, "fair_value": 11.891708, "relative_strength": -12.595626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.922636, "energy": 8.057784, "activity_lines": [ 9.445067, 9.3611, 9.392345, 9.492325 ] }, { "date": "2024-05-17", "close": 9.965, "volume": 511, "typical_volume": 1381.2, "trend": 9.5887, "fair_value": 11.875517, "relative_strength": -10.739332, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 32.426651, "energy": 33.075897, "activity_lines": [ 9.657067, 9.469627, 9.436379, 9.518344 ] }, { "date": "2024-05-24", "close": 9.818, "volume": 0, "typical_volume": 1237.15, "trend": 9.613433, "fair_value": 11.858371, "relative_strength": -10.433846, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.200159, "energy": 37.593931, "activity_lines": [ 9.772733, 9.546382, 9.469131, 9.533138 ] }, { "date": "2024-05-31", "close": 10.006, "volume": 46, "typical_volume": 1002.25, "trend": 9.6279, "fair_value": 11.843062, "relative_strength": -7.719665, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.760783, "energy": 59.444489, "activity_lines": [ 9.893833, 9.650436, 9.520807, 9.558465 ] }, { "date": "2024-06-07", "close": 9.876, "volume": 543, "typical_volume": 1021.15, "trend": 9.638583, "fair_value": 11.826939, "relative_strength": -8.050579, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.062378, "energy": 57.416773, "activity_lines": [ 9.9081, 9.720655, 9.56035, 9.574471 ] }, { "date": "2024-06-14", "close": 9.732, "volume": 25, "typical_volume": 913.85, "trend": 9.634, "fair_value": 11.809907, "relative_strength": -7.774632, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.156369, "energy": 42.906363, "activity_lines": [ 9.8522, 9.753527, 9.584364, 9.580498 ] }, { "date": "2024-06-21", "close": 9.39, "volume": 182, "typical_volume": 710.6, "trend": 9.622, "fair_value": 11.790391, "relative_strength": -11.46065, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -0.690957, "energy": 10.29326, "activity_lines": [ 9.689067, 9.714582, 9.575348, 9.564756 ] }, { "date": "2024-06-28", "close": 9.1665, "volume": 113, "typical_volume": 688.65, "trend": 9.597717, "fair_value": 11.7694, "relative_strength": -12.238181, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.150539, "energy": 23.523402, "activity_lines": [ 9.489767, 9.632545, 9.543731, 9.535369 ] }, { "date": "2024-07-05", "close": 9.321, "volume": 4, "typical_volume": 589.25, "trend": 9.583383, "fair_value": 11.749968, "relative_strength": -10.590392, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.071084, "energy": 35.929864, "activity_lines": [ 9.3854, 9.574836, 9.527469, 9.517516 ] }, { "date": "2024-07-12", "close": 9.4235, "volume": 10, "typical_volume": 589.7, "trend": 9.560933, "fair_value": 11.73165, "relative_strength": -9.536966, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -35.094066, "energy": 35.968384, "activity_lines": [ 9.360867, 9.5309, 9.5213, 9.507201 ] }, { "date": "2024-07-19", "close": 9.082, "volume": 7188, "typical_volume": 946.6, "trend": 9.527767, "fair_value": 11.710949, "relative_strength": -11.218834, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.914073, "energy": 59.652299, "activity_lines": [ 9.252667, 9.427055, 9.48166, 9.476302 ] }, { "date": "2024-07-26", "close": 9.5215, "volume": 332, "typical_volume": 909.7, "trend": 9.49395, "fair_value": 11.693977, "relative_strength": -7.876553, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.558742, "energy": 30.082399, "activity_lines": [ 9.3343, 9.416782, 9.486274, 9.475898 ] }, { "date": "2024-08-02", "close": 9.4675, "volume": 682, "typical_volume": 942.45, "trend": 9.475133, "fair_value": 11.67685, "relative_strength": -6.672412, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -20.08343, "energy": 16.834802, "activity_lines": [ 9.389167, 9.404755, 9.486536, 9.474191 ] }, { "date": "2024-08-09", "close": 9.436, "volume": 213, "typical_volume": 952.2, "trend": 9.4544, "fair_value": 11.659744, "relative_strength": -6.518686, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.010216, "energy": 7.435816, "activity_lines": [ 9.413467, 9.393373, 9.483664, 9.471667 ] }, { "date": "2024-08-16", "close": 9.3195, "volume": 0, "typical_volume": 757.4, "trend": 9.44855, "fair_value": 11.642015, "relative_strength": -8.838709, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.375454, "energy": 5.198556, "activity_lines": [ 9.391267, 9.371173, 9.46974, 9.462963 ] }, { "date": "2024-08-23", "close": 9.318, "volume": 36, "typical_volume": 757.9, "trend": 9.437967, "fair_value": 11.624541, "relative_strength": -8.629762, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.810764, "energy": 6.422921, "activity_lines": [ 9.3755, 9.358818, 9.4554, 9.454541 ] }, { "date": "2024-08-30", "close": 9.3975, "volume": 599, "typical_volume": 787.1, "trend": 9.447417, "fair_value": 11.607922, "relative_strength": -8.003096, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.770174, "energy": 9.739608, "activity_lines": [ 9.3705, 9.368445, 9.448079, 9.45193 ] }, { "date": "2024-09-06", "close": 9.1445, "volume": 1511, "typical_volume": 718.05, "trend": 9.4422, "fair_value": 11.589674, "relative_strength": -8.050069, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.264324, "energy": 47.224543, "activity_lines": [ 9.289433, 9.331936, 9.415983, 9.432387 ] }, { "date": "2024-09-13", "close": 9.428, "volume": 152, "typical_volume": 613.65, "trend": 9.44345, "fair_value": 11.573779, "relative_strength": -5.979943, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.188943, "energy": 28.446622, "activity_lines": [ 9.3244, 9.347373, 9.410007, 9.431471 ] }, { "date": "2024-09-20", "close": 9.4385, "volume": 94, "typical_volume": 616.85, "trend": 9.450583, "fair_value": 11.558193, "relative_strength": -5.169999, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.212978, "energy": 17.184962, "activity_lines": [ 9.3634, 9.362773, 9.403248, 9.431152 ] }, { "date": "2024-09-27", "close": 9.937, "volume": 396, "typical_volume": 631.85, "trend": 9.4623, "fair_value": 11.546446, "relative_strength": -1.1134, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.770293, "energy": 31.010119, "activity_lines": [ 9.560633, 9.468536, 9.444464, 9.462533 ] }, { "date": "2024-10-04", "close": 10.292, "volume": 2342, "typical_volume": 723.4, "trend": 9.48245, "fair_value": 11.537421, "relative_strength": 2.902213, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 83.024828, "energy": 72.588037, "activity_lines": [ 9.834933, 9.6233, 9.518998, 9.516062 ] }, { "date": "2024-10-11", "close": 9.7555, "volume": 25770, "typical_volume": 2011.9, "trend": 9.492983, "fair_value": 11.524693, "relative_strength": -2.048425, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.088625, "energy": 63.011879, "activity_lines": [ 9.870767, 9.666509, 9.540879, 9.533678 ] }, { "date": "2024-10-18", "close": 9.5455, "volume": 2119, "typical_volume": 2115.55, "trend": 9.496333, "fair_value": 11.510656, "relative_strength": -5.213221, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.875951, "energy": 58.884637, "activity_lines": [ 9.795867, 9.6663, 9.543057, 9.537067 ] }, { "date": "2024-10-25", "close": 9.942, "volume": 525, "typical_volume": 2114.65, "trend": 9.519, "fair_value": 11.499609, "relative_strength": 0.097667, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.522083, "energy": 57.769957, "activity_lines": [ 9.8453, 9.736191, 9.58519, 9.565819 ] }, { "date": "2024-11-01", "close": 9.7385, "volume": 38788, "typical_volume": 4052.8, "trend": 9.536883, "fair_value": 11.487294, "relative_strength": -0.935272, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.525088, "energy": 28.062427, "activity_lines": [ 9.793333, 9.757764, 9.607629, 9.579981 ] }, { "date": "2024-11-08", "close": 9.2675, "volume": 16700, "typical_volume": 4878.7, "trend": 9.5373, "fair_value": 11.471878, "relative_strength": -4.272678, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 13.312319, "energy": 10.983448, "activity_lines": [ 9.5976, 9.686055, 9.585179, 9.562601 ] }, { "date": "2024-11-15", "close": 8.9375, "volume": 229, "typical_volume": 4884.5, "trend": 9.536567, "fair_value": 11.4544, "relative_strength": -7.273125, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.770659, "energy": 24.706656, "activity_lines": [ 9.360167, 9.556709, 9.531883, 9.523904 ] }, { "date": "2024-11-22", "close": 8.7025, "volume": 178, "typical_volume": 4893.2, "trend": 9.524867, "fair_value": 11.435551, "relative_strength": -11.526408, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -75.28522, "energy": 56.405114, "activity_lines": [ 9.098933, 9.3884, 9.457298, 9.470094 ] }, { "date": "2024-11-29", "close": 9.2665, "volume": 4, "typical_volume": 4892.9, "trend": 9.515633, "fair_value": 11.420796, "relative_strength": -5.780657, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.877913, "energy": 54.477861, "activity_lines": [ 9.0819, 9.335827, 9.439371, 9.453425 ] }, { "date": "2024-12-06", "close": 8.9535, "volume": 692, "typical_volume": 4568.1, "trend": 9.4863, "fair_value": 11.404125, "relative_strength": -8.881841, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.183221, "energy": 64.812262, "activity_lines": [ 9.005567, 9.229473, 9.392383, 9.417158 ] }, { "date": "2024-12-13", "close": 8.851, "volume": 629, "typical_volume": 4582.95, "trend": 9.449167, "fair_value": 11.38699, "relative_strength": -9.442699, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.143567, "energy": 63.875591, "activity_lines": [ 8.9474, 9.122364, 9.336245, 9.376171 ] }, { "date": "2024-12-20", "close": 8.595, "volume": 127, "typical_volume": 4555.2, "trend": 9.4084, "fair_value": 11.368377, "relative_strength": -9.351526, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.469491, "energy": 56.503226, "activity_lines": [ 8.831667, 8.994909, 9.258919, 9.321063 ] }, { "date": "2024-12-27", "close": 8.491, "volume": 0, "typical_volume": 4544.55, "trend": 9.3579, "fair_value": 11.349321, "relative_strength": -10.695378, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.75655, "energy": 70.954435, "activity_lines": [ 8.7041, 8.869645, 9.175843, 9.261876 ] }, { "date": "2025-01-03", "close": 8.3785, "volume": 1141, "typical_volume": 4601.6, "trend": 9.307983, "fair_value": 11.329776, "relative_strength": -12.260273, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.619818, "energy": 79.515813, "activity_lines": [ 8.553133, 8.7431, 9.086552, 9.198689 ] }, { "date": "2025-01-10", "close": 7.8115, "volume": 13, "typical_volume": 4600.45, "trend": 9.243967, "fair_value": 11.306781, "relative_strength": -17.935164, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.590909, "energy": 94.633342, "activity_lines": [ 8.272367, 8.541891, 8.947743, 9.102142 ] }, { "date": "2025-01-17", "close": 8.1325, "volume": 5349, "typical_volume": 4837.95, "trend": 9.20205, "fair_value": 11.286169, "relative_strength": -16.702438, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.39012, "energy": 87.682769, "activity_lines": [ 8.174733, 8.434082, 8.846679, 9.030434 ] }, { "date": "2025-01-24", "close": 8.001, "volume": 4662, "typical_volume": 4995.5, "trend": 9.1632, "fair_value": 11.264974, "relative_strength": -17.579154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.966822, "energy": 88.481895, "activity_lines": [ 8.081167, 8.323, 8.739114, 8.952947 ] }, { "date": "2025-01-31", "close": 7.9565, "volume": 63, "typical_volume": 4991.05, "trend": 9.117717, "fair_value": 11.243766, "relative_strength": -19.279046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.493733, "energy": 86.937996, "activity_lines": [ 8.012367, 8.220855, 8.632757, 8.875096 ] }, { "date": "2025-02-07", "close": 8.123, "volume": 185, "typical_volume": 4995.6, "trend": 9.074367, "fair_value": 11.201702, "relative_strength": -17.429173, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.370326, "energy": 68.414565, "activity_lines": [ 8.0347, 8.162545, 8.549264, 8.81092 ] }, { "date": "2025-02-14", "close": 8.0845, "volume": 898, "typical_volume": 5020.7, "trend": 9.041117, "fair_value": 11.157994, "relative_strength": -17.713149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.458054, "energy": 61.921708, "activity_lines": [ 8.061233, 8.118027, 8.468369, 8.747058 ] }, { "date": "2025-02-21", "close": 8.0805, "volume": 124, "typical_volume": 4909.8, "trend": 8.993083, "fair_value": 11.110529, "relative_strength": -16.683805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.943649, "energy": 57.532572, "activity_lines": [ 8.068233, 8.088582, 8.395914, 8.685083 ] }, { "date": "2025-02-28", "close": 8.343, "volume": 8974, "typical_volume": 4070.0, "trend": 8.9556, "fair_value": 11.064061, "relative_strength": -15.006034, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.806687, "energy": 43.511507, "activity_lines": [ 8.1662, 8.120873, 8.35899, 8.643142 ] }, { "date": "2025-03-07", "close": 8.6985, "volume": 8515, "typical_volume": 4389.8, "trend": 8.931017, "fair_value": 11.019897, "relative_strength": -9.649745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.957828, "energy": 23.111265, "activity_lines": [ 8.359867, 8.222382, 8.36265, 8.626555 ] }, { "date": "2025-03-14", "close": 8.7905, "volume": 8960, "typical_volume": 4811.55, "trend": 8.913383, "fair_value": 10.97926, "relative_strength": -7.866019, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.523167, "energy": 22.852505, "activity_lines": [ 8.534733, 8.336845, 8.379105, 8.617489 ] }, { "date": "2025-03-21", "close": 8.998, "volume": 561, "typical_volume": 2900.2, "trend": 8.902717, "fair_value": 10.945561, "relative_strength": -5.602491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 18.677351, "energy": 35.191353, "activity_lines": [ 8.734267, 8.481545, 8.420805, 8.622948 ] }, { "date": "2025-03-28", "close": 8.5635, "volume": 7, "typical_volume": 2065.55, "trend": 8.874917, "fair_value": 10.907609, "relative_strength": -10.010581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.983543, "energy": 27.323133, "activity_lines": [ 8.728067, 8.525673, 8.42465, 8.601063 ] }, { "date": "2025-04-04", "close": 8.094, "volume": 365, "typical_volume": 2072.35, "trend": 8.8399, "fair_value": 10.866923, "relative_strength": -8.313508, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.564603, "energy": 21.886757, "activity_lines": [ 8.533167, 8.4766, 8.387133, 8.550682 ] }, { "date": "2025-04-11", "close": 8.131, "volume": 249, "typical_volume": 2075.9, "trend": 8.796667, "fair_value": 10.830115, "relative_strength": -6.620515, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.688802, "energy": 23.388847, "activity_lines": [ 8.3672, 8.432564, 8.357157, 8.504946 ] }, { "date": "2025-04-18", "close": 8.41, "volume": 224, "typical_volume": 2086.9, "trend": 8.762383, "fair_value": 10.799942, "relative_strength": -6.857715, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.87663, "energy": 28.68045, "activity_lines": [ 8.332067, 8.436082, 8.356474, 8.48 ] }, { "date": "2025-04-25", "close": 8.4725, "volume": 3, "typical_volume": 2052.45, "trend": 8.713567, "fair_value": 10.774093, "relative_strength": -7.550278, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.718181, "energy": 28.472779, "activity_lines": [ 8.343133, 8.445745, 8.365821, 8.461298 ] }, { "date": "2025-05-02", "close": 8.6185, "volume": 2056, "typical_volume": 2123.8, "trend": 8.657783, "fair_value": 10.751782, "relative_strength": -7.678569, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.051534, "energy": 12.521204, "activity_lines": [ 8.4379, 8.4749, 8.391364, 8.455165 ] }, { "date": "2025-05-09", "close": 8.764, "volume": 108, "typical_volume": 2122.85, "trend": 8.624733, "fair_value": 10.731288, "relative_strength": -5.426454, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.690255, "energy": 15.211716, "activity_lines": [ 8.5775, 8.520727, 8.431871, 8.462017 ] }, { "date": "2025-05-16", "close": 8.8825, "volume": 2399, "typical_volume": 2242.8, "trend": 8.602633, "fair_value": 10.70551, "relative_strength": -5.310232, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.836828, "energy": 43.453618, "activity_lines": [ 8.711933, 8.580445, 8.48286, 8.478647 ] }, { "date": "2025-05-23", "close": 8.8275, "volume": 0, "typical_volume": 2185.75, "trend": 8.565483, "fair_value": 10.676269, "relative_strength": -5.976132, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.769014, "energy": 49.282929, "activity_lines": [ 8.777933, 8.626818, 8.526745, 8.493155 ] }, { "date": "2025-05-30", "close": 8.987, "volume": 0, "typical_volume": 2185.1, "trend": 8.540433, "fair_value": 10.648385, "relative_strength": -4.556133, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.461275, "energy": 60.044899, "activity_lines": [ 8.869267, 8.701518, 8.583683, 8.520349 ] }, { "date": "2025-06-06", "close": 9.1375, "volume": 89, "typical_volume": 1922.1, "trend": 8.5361, "fair_value": 10.621407, "relative_strength": -3.393383, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 76.073336, "energy": 75.792154, "activity_lines": [ 8.976467, 8.803782, 8.649357, 8.55887 ] }, { "date": "2025-06-13", "close": 9.2965, "volume": 0, "typical_volume": 1689.0, "trend": 8.548067, "fair_value": 10.596846, "relative_strength": -1.598432, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.856806, "energy": 80.720535, "activity_lines": [ 9.102067, 8.924518, 8.725388, 8.607928 ] }, { "date": "2025-06-20", "close": 9.208, "volume": 131, "typical_volume": 1692.4, "trend": 8.564917, "fair_value": 10.566782, "relative_strength": -1.531589, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.371091, "energy": 79.366882, "activity_lines": [ 9.162667, 9.0073, 8.786821, 8.650504 ] }, { "date": "2025-06-27", "close": 9.4615, "volume": 55, "typical_volume": 1685.9, "trend": 8.571417, "fair_value": 10.538997, "relative_strength": 0.987525, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.34002, "energy": 87.127716, "activity_lines": [ 9.286067, 9.116591, 8.866438, 8.708348 ] }, { "date": "2025-07-04", "close": 9.769, "volume": 0, "typical_volume": 1641.0, "trend": 8.5986, "fair_value": 10.511997, "relative_strength": 4.040368, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.617192, "energy": 94.112859, "activity_lines": [ 9.4697, 9.262673, 8.968967, 8.785612 ] }, { "date": "2025-07-11", "close": 9.6095, "volume": 25, "typical_volume": 1636.05, "trend": 8.623883, "fair_value": 10.483231, "relative_strength": 1.111322, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.422154, "energy": 90.019144, "activity_lines": [ 9.548033, 9.356182, 9.048283, 8.850831 ] }, { "date": "2025-07-18", "close": 9.8205, "volume": 0, "typical_volume": 1187.35, "trend": 8.664733, "fair_value": 10.45517, "relative_strength": 2.7853, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.432777, "energy": 93.742865, "activity_lines": [ 9.665233, 9.470036, 9.140414, 8.928032 ] }, { "date": "2025-07-25", "close": 10.125, "volume": 1206, "typical_volume": 821.9, "trend": 8.7192, "fair_value": 10.426638, "relative_strength": 4.55649, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.898219, "energy": 95.975285, "activity_lines": [ 9.849, 9.620045, 9.25451, 9.022243 ] }, { "date": "2025-08-01", "close": 9.7715, "volume": 7, "typical_volume": 374.25, "trend": 8.765633, "fair_value": 10.397423, "relative_strength": 1.629744, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.698602, "energy": 81.308547, "activity_lines": [ 9.8538, 9.683191, 9.328145, 9.090133 ] }, { "date": "2025-08-08", "close": 9.9415, "volume": 2, "typical_volume": 346.3, "trend": 8.836633, "fair_value": 10.368022, "relative_strength": 3.206284, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.695634, "energy": 68.107784, "activity_lines": [ 9.8946, 9.760082, 9.4133, 9.165996 ] }, { "date": "2025-08-15", "close": 9.544, "volume": 1055, "typical_volume": 398.7, "trend": 8.883683, "fair_value": 10.336753, "relative_strength": -1.250653, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.1171, "energy": 59.498083, "activity_lines": [ 9.7914, 9.747345, 9.456105, 9.211632 ] }, { "date": "2025-08-22", "close": 10.031, "volume": 23977, "typical_volume": 1579.3, "trend": 8.95135, "fair_value": 10.311766, "relative_strength": 1.835399, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.927768, "energy": 59.855627, "activity_lines": [ 9.8549, 9.815764, 9.540621, 9.285653 ] }, { "date": "2025-08-29", "close": 9.6305, "volume": 498, "typical_volume": 1591.75, "trend": 9.00715, "fair_value": 10.287769, "relative_strength": -0.670327, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.04703, "energy": 42.43606, "activity_lines": [ 9.770867, 9.798009, 9.577771, 9.329469 ] }, { "date": "2025-09-05", "close": 9.939, "volume": 24098, "typical_volume": 2785.45, "trend": 9.067683, "fair_value": 10.264058, "relative_strength": 2.350398, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.503395, "energy": 41.041529, "activity_lines": [ 9.822633, 9.828664, 9.637162, 9.389588 ] }, { "date": "2025-09-12", "close": 9.7535, "volume": 63079, "typical_volume": 5939.25, "trend": 9.123317, "fair_value": 10.245087, "relative_strength": -0.210533, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.838417, "energy": 37.384744, "activity_lines": [ 9.8014, 9.816909, 9.671605, 9.433834 ] }, { "date": "2025-09-19", "close": 9.8845, "volume": 62080, "typical_volume": 8940.45, "trend": 9.18345, "fair_value": 10.231776, "relative_strength": 1.99909, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.076136, "energy": 36.863418, "activity_lines": [ 9.836367, 9.829255, 9.712424, 9.482943 ] }, { "date": "2025-09-26", "close": 10.348, "volume": 55062, "typical_volume": 11688.15, "trend": 9.250283, "fair_value": 10.223571, "relative_strength": 6.153587, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.836687, "energy": 53.26933, "activity_lines": [ 10.003133, 9.920873, 9.791357, 9.558075 ] }, { "date": "2025-10-03", "close": 10.676, "volume": 39914, "typical_volume": 13563.9, "trend": 9.3162, "fair_value": 10.217737, "relative_strength": 7.367797, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.501096, "energy": 78.347434, "activity_lines": [ 10.2581, 10.062536, 9.893986, 9.650057 ] }, { "date": "2025-10-10", "close": 10.79, "volume": 3992, "typical_volume": 13763.5, "trend": 9.38285, "fair_value": 10.21259, "relative_strength": 9.323764, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.187795, "energy": 88.528138, "activity_lines": [ 10.481367, 10.214909, 9.998931, 9.745141 ] }, { "date": "2025-10-17", "close": 10.519, "volume": 29340, "typical_volume": 15230.5, "trend": 9.43355, "fair_value": 10.205006, "relative_strength": 7.443234, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.99772, "energy": 80.805641, "activity_lines": [ 10.557567, 10.299491, 10.068721, 9.818441 ] }, { "date": "2025-10-24", "close": 10.538, "volume": 30183, "typical_volume": 16735.2, "trend": 9.499367, "fair_value": 10.197635, "relative_strength": 4.60669, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.828267, "energy": 78.298233, "activity_lines": [ 10.589067, 10.377027, 10.133026, 9.889696 ] }, { "date": "2025-10-31", "close": 10.571, "volume": 555, "typical_volume": 16762.95, "trend": 9.581933, "fair_value": 10.188263, "relative_strength": 4.358072, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.317879, "energy": 56.764308, "activity_lines": [ 10.588, 10.442491, 10.193805, 9.958833 ] }, { "date": "2025-11-07", "close": 10.771, "volume": 33023, "typical_volume": 18407.55, "trend": 9.669933, "fair_value": 10.175622, "relative_strength": 6.783774, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.828604, "energy": 54.813631, "activity_lines": [ 10.638733, 10.5345, 10.267562, 10.035547 ] }, { "date": "2025-11-14", "close": 10.831, "volume": 4218, "typical_volume": 18615.7, "trend": 9.750633, "fair_value": 10.165006, "relative_strength": 7.187038, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.645545, "energy": 56.442256, "activity_lines": [ 10.703133, 10.616682, 10.33959, 10.110455 ] }, { "date": "2025-11-21", "close": 10.282, "volume": 1, "typical_volume": 18615.75, "trend": 9.81095, "fair_value": 10.149821, "relative_strength": 3.39994, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.135183, "energy": 39.332761, "activity_lines": [ 10.5818, 10.582827, 10.352812, 10.144737 ] }, { "date": "2025-11-28", "close": 10.736, "volume": 31342, "typical_volume": 20181.6, "trend": 9.881533, "fair_value": 10.135519, "relative_strength": 5.984167, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.086587, "energy": 44.858604, "activity_lines": [ 10.6276, 10.621909, 10.406829, 10.204417 ] }, { "date": "2025-12-05", "close": 11.039, "volume": 24034, "typical_volume": 21383.3, "trend": 9.957367, "fair_value": 10.123577, "relative_strength": 9.448554, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.709747, "energy": 51.462418, "activity_lines": [ 10.7612, 10.7006, 10.484338, 10.279092 ] }, { "date": "2025-12-12", "close": 11.227, "volume": 1319, "typical_volume": 21388.95, "trend": 10.035517, "fair_value": 10.115179, "relative_strength": 11.320746, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.995485, "energy": 57.285168, "activity_lines": [ 10.926267, 10.800909, 10.57395, 10.361004 ] }, { "date": "2025-12-19", "close": 11.213, "volume": 440, "typical_volume": 21410.6, "trend": 10.115033, "fair_value": 10.107256, "relative_strength": 8.252532, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.347358, "energy": 78.425414, "activity_lines": [ 11.056267, 10.888655, 10.656981, 10.436971 ] }, { "date": "2025-12-26", "close": 11.077, "volume": 25370, "typical_volume": 22679.0, "trend": 10.1847, "fair_value": 10.094571, "relative_strength": 7.070758, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.42212, "energy": 77.656938, "activity_lines": [ 11.115467, 10.943982, 10.720195, 10.499033 ] }, { "date": "2026-01-02", "close": 11.495, "volume": 52753, "typical_volume": 25263.9, "trend": 10.263283, "fair_value": 10.081974, "relative_strength": 9.938381, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.520374, "energy": 86.125451, "activity_lines": [ 11.261, 11.065164, 10.817812, 10.583569 ] }, { "date": "2026-01-09", "close": 11.959, "volume": 124, "typical_volume": 24071.25, "trend": 10.352033, "fair_value": 10.069596, "relative_strength": 11.936353, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.527, "energy": 93.241146, "activity_lines": [ 11.5106, 11.253309, 10.950329, 10.69297 ] }, { "date": "2026-01-16", "close": 12.022, "volume": 2591, "typical_volume": 24175.9, "trend": 10.445833, "fair_value": 10.059109, "relative_strength": 10.867765, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.493878, "energy": 94.332173, "activity_lines": [ 11.719867, 11.427673, 11.079664, 10.80071 ] }, { "date": "2026-01-23", "close": 12.509, "volume": 1076, "typical_volume": 23024.8, "trend": 10.547417, "fair_value": 10.052071, "relative_strength": 15.789943, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.471496, "energy": 96.786177, "activity_lines": [ 12.038467, 11.667836, 11.243993, 10.933817 ] }, { "date": "2026-01-30", "close": 12.547, "volume": 2664, "typical_volume": 20004.05, "trend": 10.640017, "fair_value": 10.044949, "relative_strength": 14.590347, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.35151, "energy": 94.047261, "activity_lines": [ 12.283333, 11.8844, 11.399702, 11.062823 ] }, { "date": "2026-02-06", "close": 12.36, "volume": 2673, "typical_volume": 17033.7, "trend": 10.7317, "fair_value": 10.036878, "relative_strength": 10.776148, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.300291, "energy": 87.389955, "activity_lines": [ 12.367867, 12.025782, 11.5243, 11.173789 ] }, { "date": "2026-02-13", "close": 12.32, "volume": 29314, "typical_volume": 15746.3, "trend": 10.815017, "fair_value": 10.031705, "relative_strength": 9.113502, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.714625, "energy": 67.765545, "activity_lines": [ 12.3814, 12.130364, 11.6333, 11.27626 ] }, { "date": "2026-02-20", "close": 12.555, "volume": 572, "typical_volume": 13779.2, "trend": 10.896017, "fair_value": 10.030019, "relative_strength": 8.227126, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.389567, "energy": 68.92512, "activity_lines": [ 12.4492, 12.254382, 11.75529, 11.388517 ] }, { "date": "2026-02-27", "close": 13.108, "volume": 27077, "typical_volume": 14933.45, "trend": 11.007233, "fair_value": 10.031256, "relative_strength": 10.180873, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.462733, "energy": 73.879583, "activity_lines": [ 12.6658, 12.4548, 11.921, 11.531226 ] }, { "date": "2026-03-06", "close": 12.518, "volume": 2423, "typical_volume": 13587.6, "trend": 11.093117, "fair_value": 10.030071, "relative_strength": 11.202328, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.940938, "energy": 63.610174, "activity_lines": [ 12.6458, 12.513491, 12.019481, 11.628695 ] }, { "date": "2026-03-13", "close": 13.451, "volume": 32550, "typical_volume": 13705.95, "trend": 11.22335, "fair_value": 10.038603, "relative_strength": 19.152926, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.340564, "energy": 72.02451, "activity_lines": [ 12.938733, 12.715618, 12.1973, 11.780816 ] }, { "date": "2026-03-20", "close": 13.002, "volume": 46041, "typical_volume": 15980.25, "trend": 11.322383, "fair_value": 10.043962, "relative_strength": 18.597113, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.972835, "energy": 63.781931, "activity_lines": [ 13.009267, 12.800545, 12.318486, 11.895568 ] }, { "date": "2026-03-27", "close": 13.09, "volume": 1086, "typical_volume": 14383.4, "trend": 11.4377, "fair_value": 10.046103, "relative_strength": 18.145033, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.992142, "energy": 59.163475, "activity_lines": [ 13.063667, 12.882509, 12.436476, 12.009608 ] }, { "date": "2026-04-03", "close": 13.257, "volume": 22772, "typical_volume": 15311.1, "trend": 11.5483, "fair_value": 10.050487, "relative_strength": 13.753996, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.308509, "energy": 60.727944, "activity_lines": [ 13.138067, 12.975418, 12.559329, 12.126982 ] }, { "date": "2026-04-10", "close": 13.652, "volume": 4313, "typical_volume": 15526.7, "trend": 11.67825, "fair_value": 10.057301, "relative_strength": 14.801123, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.233517, "energy": 62.162014, "activity_lines": [ 13.3342, 13.126545, 12.708248, 12.262704 ] }, { "date": "2026-04-17", "close": 13.754, "volume": 617, "typical_volume": 13990.45, "trend": 11.807233, "fair_value": 10.066801, "relative_strength": 14.395805, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.814083, "energy": 62.766925, "activity_lines": [ 13.488733, 13.276127, 12.850833, 12.396624 ] }, { "date": "2026-04-24", "close": 13.823, "volume": 9958, "typical_volume": 13286.65, "trend": 11.923067, "fair_value": 10.076801, "relative_strength": 17.513741, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.454939, "energy": 67.198983, "activity_lines": [ 13.646067, 13.412909, 12.985619, 12.526673 ] }, { "date": "2026-05-01", "close": 14.162, "volume": 829, "typical_volume": 13262.15, "trend": 12.039267, "fair_value": 10.089737, "relative_strength": 19.832305, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.496202, "energy": 81.463149, "activity_lines": [ 13.861667, 13.584, 13.139433, 12.67112 ] }, { "date": "2026-05-08", "close": 14.117, "volume": 1262, "typical_volume": 13303.25, "trend": 12.150167, "fair_value": 10.101551, "relative_strength": 20.258234, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.77012, "energy": 80.486867, "activity_lines": [ 13.9908, 13.717691, 13.274986, 12.805168 ] }, { "date": "2026-05-15", "close": 13.674, "volume": 2989, "typical_volume": 12184.2, "trend": 12.255333, "fair_value": 10.109282, "relative_strength": 16.29443, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.169168, "energy": 58.888063, "activity_lines": [ 13.914933, 13.752491, 13.354519, 12.90348 ] }, { "date": "2026-05-22", "close": 13.658, "volume": 24025, "typical_volume": 10747.8, "trend": 12.359333, "fair_value": 10.118936, "relative_strength": 12.602821, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.607393, "energy": 51.483325, "activity_lines": [ 13.832267, 13.763364, 13.420162, 12.993974 ] }, { "date": "2026-05-29", "close": 13.59, "volume": 1054, "typical_volume": 10794.3, "trend": 12.459967, "fair_value": 10.127763, "relative_strength": 12.132674, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.466164, "energy": 38.381919, "activity_lines": [ 13.733333, 13.758109, 13.469029, 13.073372 ] }, { "date": "2026-06-05", "close": 12.722, "volume": 1536, "typical_volume": 10741.55, "trend": 12.525, "fair_value": 10.131974, "relative_strength": 5.052715, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 17.461819, "energy": 19.05889, "activity_lines": [ 13.3606, 13.584345, 13.427462, 13.090277 ] }, { "date": "2026-06-12", "close": 12.246, "volume": 0, "typical_volume": 10687.75, "trend": 12.572167, "fair_value": 10.133199, "relative_strength": -0.074201, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -18.550643, "energy": 30.556195, "activity_lines": [ 12.9252, 13.330727, 13.337229, 13.072277 ] }, { "date": "2026-06-19", "close": 12.29, "volume": 1507, "typical_volume": 10629.9, "trend": 12.6391, "fair_value": 10.137962, "relative_strength": 1.106974, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -39.925781, "energy": 47.643827, "activity_lines": [ 12.6292, 13.103491, 13.252438, 13.054073 ] }, { "date": "2026-06-26", "close": 11.722, "volume": 7, "typical_volume": 10496.6, "trend": 12.671967, "fair_value": 10.138615, "relative_strength": -4.956458, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.001383, "energy": 78.344882, "activity_lines": [ 12.236133, 12.797745, 13.114776, 12.994905 ] }, { "date": "2026-07-03", "close": 12.285, "volume": 0, "typical_volume": 9030.9, "trend": 12.7135, "fair_value": 10.143692, "relative_strength": -2.055839, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.812209, "energy": 70.457416, "activity_lines": [ 12.1598, 12.631309, 13.033771, 12.96994 ] }, { "date": "2026-07-10", "close": 11.558, "volume": 3717, "typical_volume": 9188.15, "trend": 12.724533, "fair_value": 10.142237, "relative_strength": -6.297286, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.978207, "energy": 80.739896, "activity_lines": [ 11.928133, 12.360655, 12.883695, 12.895391 ] }, { "date": "2026-07-17", "close": 11.161, "volume": 1777, "typical_volume": 7923.15, "trend": 12.7228, "fair_value": 10.138833, "relative_strength": -10.33831, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -60.694857, "energy": 84.330374, "activity_lines": [ 11.641733, 12.065164, 12.700557, 12.794518 ] }, { "date": "2026-07-24", "close": 11.35, "volume": 9, "typical_volume": 7802.45, "trend": 12.7319, "fair_value": 10.137231, "relative_strength": -9.895106, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.039843, "energy": 82.64769, "activity_lines": [ 11.490667, 11.857782, 12.54469, 12.705951 ] }, { "date": "2026-07-31", "close": 11.348, "volume": 2175, "typical_volume": 6283.7, "trend": 12.727, "fair_value": 10.137545, "relative_strength": -10.95566, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.048379, "energy": 82.647314, "activity_lines": [ 11.4016, 11.692291, 12.394195, 12.616667 ] }, { "date": "2026-08-07", "close": 11.618, "volume": 38, "typical_volume": 3983.55, "trend": 12.715633, "fair_value": 10.143346, "relative_strength": -9.072424, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.366147, "energy": 70.237689, "activity_lines": [ 11.427467, 11.617891, 12.279429, 12.545118 ] } ], "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." } } }