{ "ticker": { "uuid": "71d2b9ea-293b-40ff-b55e-d3ce98cbebf7", "symbol": "PMEH", "name": "Amundi PEA Immobilier Europe (FTSE EPRA/NAREIT) UCITS ETF Acc", "exchange": "PAR", "country": "FR", "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": "^FCHI", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 49.347, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 37.785, "architecture_energy": 52.99, "architecture_maturity": 8.259, "architecture_confidence": 58.247, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 27.65, "rotation_up": 68.95, "upward_expansion": 62.78, "deceleration": 19.52, "rotation_down": 18.81, "downward_expansion": 18.78 }, "activity_lines": [ 13.290267, 13.161291, 12.990595, 12.95112 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 13.336, "trend_reference": 12.9697, "distance_from_trend": 0.028243, "trend_direction": "Improving", "fair_value": 12.312925, "distance_from_fair_value": 0.08309, "fair_value_direction": "Improving", "relative_strength": -2.591351, "relative_strength_direction": "Weakening", "price_momentum": 0.005656, "excess_performance": -0.047656, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.028243, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.011701, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.08309, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.034239, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.025914, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.00549, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.005656, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.038135, "read": "Demand-led" } ], "volume": { "latest": 20728, "relative_activity": 0.601038, "balance": 3.038135, "dry_up": 0.669412, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.027941, "annualized_volatility": 0.203317, "from_high_reference": -0.057393, "from_low_reference": 0.140609 }, "levels": { "trend_reference": 12.9697, "fair_value_reference": 12.312925, "structural_low": 11.692, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": -0.076058, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.091842, "regime_survival": 0.333333, "best_return": 0.002746, "worst_return": -0.098024, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.067751, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.083835, "regime_survival": 0.0, "best_return": -0.003766, "worst_return": -0.131736, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.075764, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.099339, "regime_survival": 0.0, "best_return": -0.015065, "worst_return": -0.136464, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.019903, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.048845, "regime_survival": 0.0, "best_return": -0.003531, "worst_return": -0.036276, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-01", "end": "2024-11-15", "tenure": "New", "return": -0.016579, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-22", "end": "2025-01-03", "tenure": "Developing", "return": -0.035198, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-10", "end": "2025-04-25", "tenure": "Established", "return": 0.068564, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-05-09", "tenure": "New", "return": 0.001185, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-16", "end": "2025-05-30", "tenure": "New", "return": 0.02448, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-06", "end": "2025-07-18", "tenure": "Developing", "return": -0.023821, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-25", "end": "2025-08-22", "tenure": "Developing", "return": 0.016466, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-29", "end": "2025-09-19", "tenure": "New", "return": -0.012825, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-09-26", "end": "2025-10-17", "tenure": "New", "return": 0.037853, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-24", "end": "2026-01-23", "tenure": "Established", "return": -0.008004, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-04-03", "tenure": "Developing", "return": -0.052708, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-10", "end": "2026-04-17", "tenure": "New", "return": 0.039336, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-07-17", "tenure": "Established", "return": 0.024182, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.009538, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 10.126, "volume": 24630, "typical_volume": 34032.25, "trend": 10.649467, "fair_value": 13.704442, "relative_strength": -10.417891, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.847549, "energy": 15.051273, "activity_lines": [ 10.4638, 10.407073, 10.363371, 10.422905 ] }, { "date": "2023-08-25", "close": 10.277, "volume": 52322, "typical_volume": 34361.9, "trend": 10.593633, "fair_value": 13.685269, "relative_strength": -9.264734, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.205991, "energy": 15.432151, "activity_lines": [ 10.366667, 10.401182, 10.352852, 10.398875 ] }, { "date": "2023-09-01", "close": 10.545, "volume": 55880, "typical_volume": 33597.3, "trend": 10.536233, "fair_value": 13.669821, "relative_strength": -7.147065, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.27641, "energy": 13.51868, "activity_lines": [ 10.395067, 10.445164, 10.368229, 10.395738 ] }, { "date": "2023-09-08", "close": 10.491, "volume": 8104, "typical_volume": 31057.75, "trend": 10.489167, "fair_value": 13.652692, "relative_strength": -6.317432, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.533957, "energy": 15.005422, "activity_lines": [ 10.4186, 10.463055, 10.379343, 10.392819 ] }, { "date": "2023-09-15", "close": 10.68, "volume": 19794, "typical_volume": 28175.85, "trend": 10.452933, "fair_value": 13.636122, "relative_strength": -5.858507, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.91204, "energy": 13.426, "activity_lines": [ 10.511933, 10.504291, 10.408976, 10.405131 ] }, { "date": "2023-09-22", "close": 10.521, "volume": 23047, "typical_volume": 28145.35, "trend": 10.4244, "fair_value": 13.62259, "relative_strength": -4.364582, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.474518, "energy": 22.936652, "activity_lines": [ 10.544333, 10.503491, 10.424086, 10.409523 ] }, { "date": "2023-09-29", "close": 10.299, "volume": 27341, "typical_volume": 29057.25, "trend": 10.3899, "fair_value": 13.604564, "relative_strength": -5.324089, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 35.450053, "energy": 16.402755, "activity_lines": [ 10.4764, 10.460473, 10.418671, 10.401432 ] }, { "date": "2023-10-06", "close": 10.131, "volume": 63938, "typical_volume": 31795.5, "trend": 10.372233, "fair_value": 13.584321, "relative_strength": -5.593684, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.39535, "energy": 6.924188, "activity_lines": [ 10.351, 10.396382, 10.396976, 10.384729 ] }, { "date": "2023-10-13", "close": 10.143, "volume": 36389, "typical_volume": 32726.45, "trend": 10.363167, "fair_value": 13.566096, "relative_strength": -4.468743, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -14.073805, "energy": 16.866336, "activity_lines": [ 10.2572, 10.345582, 10.377038, 10.36994 ] }, { "date": "2023-10-20", "close": 9.691, "volume": 69380, "typical_volume": 34816.35, "trend": 10.358333, "fair_value": 13.545212, "relative_strength": -5.953756, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -71.00436, "energy": 58.301319, "activity_lines": [ 10.035933, 10.220782, 10.313481, 10.326574 ] }, { "date": "2023-10-27", "close": 9.657, "volume": 44794, "typical_volume": 36374.6, "trend": 10.339467, "fair_value": 13.527436, "relative_strength": -5.671633, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.424729, "energy": 69.085537, "activity_lines": [ 9.869267, 10.105618, 10.250229, 10.281327 ] }, { "date": "2023-11-03", "close": 10.864, "volume": 47176, "typical_volume": 37298.55, "trend": 10.356433, "fair_value": 13.512827, "relative_strength": 2.487392, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.058668, "energy": 28.184897, "activity_lines": [ 10.162533, 10.218436, 10.306186, 10.315168 ] }, { "date": "2023-11-10", "close": 10.59, "volume": 67335, "typical_volume": 39423.4, "trend": 10.351767, "fair_value": 13.49134, "relative_strength": 0.265008, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.892937, "energy": 6.214148, "activity_lines": [ 10.3268, 10.270764, 10.333552, 10.330237 ] }, { "date": "2023-11-17", "close": 11.196, "volume": 36414, "typical_volume": 38896.6, "trend": 10.371633, "fair_value": 13.472974, "relative_strength": 3.432874, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 66.855046, "energy": 40.69272, "activity_lines": [ 10.662467, 10.432455, 10.414157, 10.384703 ] }, { "date": "2023-11-24", "close": 11.202, "volume": 50051, "typical_volume": 39553.35, "trend": 10.3847, "fair_value": 13.454814, "relative_strength": 2.857717, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 69.178323, "energy": 53.82381, "activity_lines": [ 10.929933, 10.582418, 10.48909, 10.438275 ] }, { "date": "2023-12-01", "close": 11.585, "volume": 79879, "typical_volume": 41004.2, "trend": 10.415833, "fair_value": 13.438359, "relative_strength": 5.721543, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.165458, "energy": 80.196296, "activity_lines": [ 11.224333, 10.792527, 10.594576, 10.515714 ] }, { "date": "2023-12-08", "close": 11.752, "volume": 162128, "typical_volume": 47262.5, "trend": 10.466233, "fair_value": 13.42384, "relative_strength": 4.828738, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.284343, "energy": 84.512062, "activity_lines": [ 11.445867, 11.013655, 10.710414, 10.601918 ] }, { "date": "2023-12-15", "close": 12.349, "volume": 134951, "typical_volume": 52449.2, "trend": 10.535867, "fair_value": 13.412071, "relative_strength": 9.184289, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.80689, "energy": 90.569876, "activity_lines": [ 11.8072, 11.316909, 10.878671, 10.723387 ] }, { "date": "2023-12-22", "close": 12.522, "volume": 90124, "typical_volume": 55823.65, "trend": 10.619167, "fair_value": 13.400071, "relative_strength": 11.133416, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.779945, "energy": 92.639604, "activity_lines": [ 12.108933, 11.611291, 11.055752, 10.851525 ] }, { "date": "2023-12-29", "close": 12.507, "volume": 37844, "typical_volume": 56576.05, "trend": 10.688233, "fair_value": 13.387244, "relative_strength": 11.400072, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.523018, "energy": 90.595042, "activity_lines": [ 12.317267, 11.859691, 11.222219, 10.97332 ] }, { "date": "2024-01-05", "close": 12.174, "volume": 67385, "typical_volume": 58713.8, "trend": 10.742333, "fair_value": 13.373705, "relative_strength": 10.238293, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.594542, "energy": 85.507042, "activity_lines": [ 12.3276, 11.996345, 11.347705, 11.069176 ] }, { "date": "2024-01-12", "close": 12.191, "volume": 30926, "typical_volume": 57644.0, "trend": 10.804033, "fair_value": 13.36041, "relative_strength": 9.813555, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.403152, "energy": 73.164147, "activity_lines": [ 12.304333, 12.090327, 11.465057, 11.162639 ] }, { "date": "2024-01-19", "close": 11.631, "volume": 36920, "typical_volume": 56696.0, "trend": 10.870067, "fair_value": 13.344917, "relative_strength": 6.23646, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.477817, "energy": 50.804388, "activity_lines": [ 12.065133, 12.058364, 11.519962, 11.215991 ] }, { "date": "2024-01-26", "close": 11.95, "volume": 22763, "typical_volume": 57428.95, "trend": 10.9389, "fair_value": 13.331103, "relative_strength": 5.559296, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.898988, "energy": 36.987024, "activity_lines": [ 11.980133, 12.065473, 11.600076, 11.285665 ] }, { "date": "2024-02-02", "close": 11.822, "volume": 56826, "typical_volume": 59280.55, "trend": 11.001033, "fair_value": 13.315583, "relative_strength": 5.193805, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.860411, "energy": 30.99931, "activity_lines": [ 11.8906, 12.0356, 11.661052, 11.342639 ] }, { "date": "2024-02-09", "close": 11.464, "volume": 39153, "typical_volume": 60085.85, "trend": 11.035867, "fair_value": 13.298853, "relative_strength": 1.495912, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.170986, "energy": 27.47403, "activity_lines": [ 11.7274, 11.929364, 11.682495, 11.372508 ] }, { "date": "2024-02-16", "close": 11.567, "volume": 37427, "typical_volume": 60590.15, "trend": 11.060767, "fair_value": 13.283564, "relative_strength": 0.964954, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.063917, "energy": 24.790183, "activity_lines": [ 11.645867, 11.844055, 11.709257, 11.406774 ] }, { "date": "2024-02-23", "close": 11.479, "volume": 32420, "typical_volume": 59014.25, "trend": 11.085333, "fair_value": 13.267513, "relative_strength": -2.118386, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.73875, "energy": 23.763342, "activity_lines": [ 11.5766, 11.746109, 11.7216, 11.433757 ] }, { "date": "2024-03-01", "close": 11.383, "volume": 35992, "typical_volume": 58994.4, "trend": 11.111667, "fair_value": 13.250673, "relative_strength": -2.401876, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.648815, "energy": 18.606252, "activity_lines": [ 11.485467, 11.646527, 11.718381, 11.452961 ] }, { "date": "2024-03-08", "close": 11.705, "volume": 91172, "typical_volume": 60084.0, "trend": 11.1498, "fair_value": 13.233468, "relative_strength": -0.790213, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.651917, "energy": 15.039351, "activity_lines": [ 11.539467, 11.6262, 11.739924, 11.491241 ] }, { "date": "2024-03-15", "close": 11.389, "volume": 155031, "typical_volume": 65595.85, "trend": 11.1919, "fair_value": 13.213667, "relative_strength": -4.94513, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.161077, "energy": 11.829639, "activity_lines": [ 11.495933, 11.563, 11.721781, 11.506673 ] }, { "date": "2024-03-22", "close": 11.945, "volume": 22598, "typical_volume": 64366.95, "trend": 11.2475, "fair_value": 13.197359, "relative_strength": -0.235224, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.600388, "energy": 18.573146, "activity_lines": [ 11.642733, 11.615164, 11.748343, 11.55526 ] }, { "date": "2024-03-29", "close": 12.153, "volume": 24249, "typical_volume": 62212.65, "trend": 11.3011, "fair_value": 13.181147, "relative_strength": 0.723446, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.930955, "energy": 33.864824, "activity_lines": [ 11.833667, 11.709618, 11.789567, 11.61368 ] }, { "date": "2024-04-05", "close": 11.724, "volume": 44000, "typical_volume": 62591.95, "trend": 11.3422, "fair_value": 13.160801, "relative_strength": -1.142906, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.649287, "energy": 26.38964, "activity_lines": [ 11.836667, 11.716582, 11.78249, 11.640963 ] }, { "date": "2024-04-12", "close": 11.61, "volume": 36879, "typical_volume": 61933.35, "trend": 11.3732, "fair_value": 13.137462, "relative_strength": -1.516045, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.660809, "energy": 23.744059, "activity_lines": [ 11.778933, 11.706927, 11.762043, 11.658241 ] }, { "date": "2024-04-19", "close": 11.592, "volume": 23862, "typical_volume": 59132.5, "trend": 11.4089, "fair_value": 13.114359, "relative_strength": -1.869636, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.42371, "energy": 14.72859, "activity_lines": [ 11.721533, 11.697855, 11.737938, 11.672357 ] }, { "date": "2024-04-26", "close": 11.737, "volume": 32479, "typical_volume": 52650.05, "trend": 11.456833, "fair_value": 13.092404, "relative_strength": -1.461321, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.652771, "energy": 9.455819, "activity_lines": [ 11.698933, 11.712818, 11.72761, 11.693525 ] }, { "date": "2024-05-03", "close": 12.184, "volume": 27764, "typical_volume": 47290.7, "trend": 11.525267, "fair_value": 13.072526, "relative_strength": 3.83809, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.860209, "energy": 26.224191, "activity_lines": [ 11.8392, 11.805964, 11.759924, 11.740439 ] }, { "date": "2024-05-10", "close": 12.264, "volume": 73353, "typical_volume": 46452.15, "trend": 11.595967, "fair_value": 13.053423, "relative_strength": 1.047165, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 63.751197, "energy": 47.956983, "activity_lines": [ 12.004067, 11.900836, 11.800643, 11.788099 ] }, { "date": "2024-05-17", "close": 12.633, "volume": 43799, "typical_volume": 46749.9, "trend": 11.694033, "fair_value": 13.036026, "relative_strength": 4.504318, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.132413, "energy": 71.864518, "activity_lines": [ 12.255933, 12.046782, 11.877733, 11.855004 ] }, { "date": "2024-05-24", "close": 12.35, "volume": 53850, "typical_volume": 46073.15, "trend": 11.7838, "fair_value": 13.013782, "relative_strength": 2.869809, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.508659, "energy": 69.700347, "activity_lines": [ 12.345267, 12.1244, 11.927271, 11.897325 ] }, { "date": "2024-05-31", "close": 12.552, "volume": 35749, "typical_volume": 46314.3, "trend": 11.840067, "fair_value": 12.991231, "relative_strength": 5.702629, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.668919, "energy": 74.5996, "activity_lines": [ 12.4514, 12.221273, 11.99521, 11.946886 ] }, { "date": "2024-06-07", "close": 12.354, "volume": 66597, "typical_volume": 47798.15, "trend": 11.898867, "fair_value": 12.965558, "relative_strength": 3.810086, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.238139, "energy": 65.779328, "activity_lines": [ 12.4372, 12.271109, 12.042571, 11.980043 ] }, { "date": "2024-06-14", "close": 12.144, "volume": 89707, "typical_volume": 51145.35, "trend": 11.930467, "fair_value": 12.940455, "relative_strength": 8.518166, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.185761, "energy": 37.631368, "activity_lines": [ 12.341667, 12.279109, 12.06649, 11.995858 ] }, { "date": "2024-06-21", "close": 12.08, "volume": 43056, "typical_volume": 50456.85, "trend": 11.959733, "fair_value": 12.914218, "relative_strength": 5.850593, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.852514, "energy": 26.012936, "activity_lines": [ 12.2328, 12.267836, 12.08339, 12.005505 ] }, { "date": "2024-06-28", "close": 12.101, "volume": 24487, "typical_volume": 49723.55, "trend": 11.976933, "fair_value": 12.888045, "relative_strength": 7.758586, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.320273, "energy": 19.096089, "activity_lines": [ 12.1678, 12.251836, 12.101062, 12.014619 ] }, { "date": "2024-07-05", "close": 12.461, "volume": 46665, "typical_volume": 50185.45, "trend": 12.000567, "fair_value": 12.860635, "relative_strength": 7.819339, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.620771, "energy": 21.886297, "activity_lines": [ 12.2394, 12.292036, 12.149986, 12.045849 ] }, { "date": "2024-07-12", "close": 12.847, "volume": 38702, "typical_volume": 50499.55, "trend": 12.017167, "fair_value": 12.83609, "relative_strength": 10.106329, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 72.258104, "energy": 43.530221, "activity_lines": [ 12.445733, 12.389255, 12.231414, 12.100458 ] }, { "date": "2024-07-19", "close": 12.538, "volume": 26408, "typical_volume": 50020.35, "trend": 12.0177, "fair_value": 12.808712, "relative_strength": 9.873505, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.039602, "energy": 52.043065, "activity_lines": [ 12.5162, 12.418236, 12.2769, 12.13406 ] }, { "date": "2024-07-26", "close": 12.396, "volume": 31300, "typical_volume": 47026.75, "trend": 12.014, "fair_value": 12.77993, "relative_strength": 8.579984, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.403842, "energy": 51.141961, "activity_lines": [ 12.513067, 12.416418, 12.303362, 12.158467 ] }, { "date": "2024-08-02", "close": 12.673, "volume": 24267, "typical_volume": 40488.55, "trend": 12.030633, "fair_value": 12.749654, "relative_strength": 14.641505, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.958777, "energy": 56.63731, "activity_lines": [ 12.5812, 12.469273, 12.352914, 12.200983 ] }, { "date": "2024-08-09", "close": 12.586, "volume": 40536, "typical_volume": 41385.45, "trend": 12.0438, "fair_value": 12.717494, "relative_strength": 13.156438, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.607868, "energy": 35.645666, "activity_lines": [ 12.5822, 12.500436, 12.388067, 12.236813 ] }, { "date": "2024-08-16", "close": 12.635, "volume": 11689, "typical_volume": 40757.45, "trend": 12.077267, "fair_value": 12.686308, "relative_strength": 10.460026, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.778208, "energy": 35.762778, "activity_lines": [ 12.5912, 12.539891, 12.424833, 12.274955 ] }, { "date": "2024-08-23", "close": 13.041, "volume": 19866, "typical_volume": 39550.75, "trend": 12.113633, "fair_value": 12.658212, "relative_strength": 11.67434, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.134229, "energy": 56.030479, "activity_lines": [ 12.749667, 12.648055, 12.497971, 12.337131 ] }, { "date": "2024-08-30", "close": 13.034, "volume": 43932, "typical_volume": 39903.4, "trend": 12.154033, "fair_value": 12.631769, "relative_strength": 10.463533, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.21582, "energy": 59.33913, "activity_lines": [ 12.872267, 12.738636, 12.564171, 12.39651 ] }, { "date": "2024-09-06", "close": 13.362, "volume": 100370, "typical_volume": 43728.8, "trend": 12.2173, "fair_value": 12.61116, "relative_strength": 16.999009, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.109353, "energy": 77.702873, "activity_lines": [ 13.061667, 12.871509, 12.654829, 12.474443 ] }, { "date": "2024-09-13", "close": 13.723, "volume": 90171, "typical_volume": 46613.4, "trend": 12.289167, "fair_value": 12.592865, "relative_strength": 17.772025, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.149079, "energy": 88.33063, "activity_lines": [ 13.325467, 13.047091, 12.771438, 12.571585 ] }, { "date": "2024-09-20", "close": 13.44, "volume": 67265, "typical_volume": 48588.45, "trend": 12.354533, "fair_value": 12.573724, "relative_strength": 14.343374, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.557747, "energy": 80.571898, "activity_lines": [ 13.419133, 13.148273, 12.851638, 12.645832 ] }, { "date": "2024-09-27", "close": 13.721, "volume": 38290, "typical_volume": 46835.3, "trend": 12.432467, "fair_value": 12.558615, "relative_strength": 11.930307, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.029272, "energy": 84.45511, "activity_lines": [ 13.5528, 13.289764, 12.952619, 12.733991 ] }, { "date": "2024-10-04", "close": 13.46, "volume": 52270, "typical_volume": 47258.85, "trend": 12.490967, "fair_value": 12.542724, "relative_strength": 12.964299, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.666375, "energy": 71.653189, "activity_lines": [ 13.554133, 13.362291, 13.021805, 12.800284 ] }, { "date": "2024-10-11", "close": 13.352, "volume": 102002, "typical_volume": 49666.45, "trend": 12.5564, "fair_value": 12.521327, "relative_strength": 11.093535, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.127103, "energy": 52.321215, "activity_lines": [ 13.491067, 13.395836, 13.076767, 12.855834 ] }, { "date": "2024-10-18", "close": 13.31, "volume": 46377, "typical_volume": 50197.85, "trend": 12.6019, "fair_value": 12.498378, "relative_strength": 9.797874, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.386986, "energy": 44.941597, "activity_lines": [ 13.414667, 13.4094, 13.122957, 12.904454 ] }, { "date": "2024-10-25", "close": 12.914, "volume": 59234, "typical_volume": 49829.7, "trend": 12.627267, "fair_value": 12.473782, "relative_strength": 7.780191, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.081708, "energy": 24.118679, "activity_lines": [ 13.2338, 13.3378, 13.127824, 12.924589 ] }, { "date": "2024-11-01", "close": 12.546, "volume": 46706, "typical_volume": 47679.65, "trend": 12.654667, "fair_value": 12.444237, "relative_strength": 5.765422, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.681465, "energy": 17.367166, "activity_lines": [ 12.965333, 13.194218, 13.094976, 12.919346 ] }, { "date": "2024-11-08", "close": 12.542, "volume": 44976, "typical_volume": 47775.65, "trend": 12.685733, "fair_value": 12.414795, "relative_strength": 6.483281, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.597223, "energy": 25.496555, "activity_lines": [ 12.773867, 13.058909, 13.059833, 12.912077 ] }, { "date": "2024-11-15", "close": 12.338, "volume": 68923, "typical_volume": 49997.45, "trend": 12.7106, "fair_value": 12.381705, "relative_strength": 5.557053, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -35.296597, "energy": 40.791496, "activity_lines": [ 12.5756, 12.895455, 13.003062, 12.889643 ] }, { "date": "2024-11-22", "close": 12.444, "volume": 106907, "typical_volume": 53009.55, "trend": 12.734167, "fair_value": 12.352923, "relative_strength": 6.450324, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.100082, "energy": 43.110865, "activity_lines": [ 12.480267, 12.769891, 12.955257, 12.872443 ] }, { "date": "2024-11-29", "close": 12.638, "volume": 52413, "typical_volume": 53695.1, "trend": 12.7493, "fair_value": 12.326821, "relative_strength": 8.188044, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.714229, "energy": 46.40009, "activity_lines": [ 12.507333, 12.702855, 12.92601, 12.866239 ] }, { "date": "2024-12-06", "close": 12.528, "volume": 38264, "typical_volume": 54287.9, "trend": 12.7581, "fair_value": 12.299237, "relative_strength": 4.321302, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.924116, "energy": 40.110652, "activity_lines": [ 12.516133, 12.6304, 12.887281, 12.851961 ] }, { "date": "2024-12-13", "close": 12.188, "volume": 37420, "typical_volume": 54593.9, "trend": 12.743267, "fair_value": 12.270135, "relative_strength": 1.703773, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.707544, "energy": 37.766411, "activity_lines": [ 12.4128, 12.517818, 12.816219, 12.815181 ] }, { "date": "2024-12-20", "close": 11.915, "volume": 67531, "typical_volume": 56757.1, "trend": 12.728767, "fair_value": 12.239404, "relative_strength": 1.291949, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.773694, "energy": 53.638377, "activity_lines": [ 12.242067, 12.378727, 12.720148, 12.761744 ] }, { "date": "2024-12-27", "close": 11.987, "volume": 24232, "typical_volume": 55941.9, "trend": 12.709933, "fair_value": 12.206987, "relative_strength": 0.817358, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.280337, "energy": 60.234625, "activity_lines": [ 12.123533, 12.278855, 12.634543, 12.713888 ] }, { "date": "2025-01-03", "close": 12.006, "volume": 16289, "typical_volume": 56171.9, "trend": 12.698333, "fair_value": 12.176429, "relative_strength": 1.981617, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.830832, "energy": 74.247773, "activity_lines": [ 12.0418, 12.206491, 12.5536, 12.668473 ] }, { "date": "2025-01-10", "close": 11.522, "volume": 98382, "typical_volume": 60097.7, "trend": 12.6776, "fair_value": 12.143647, "relative_strength": -3.995359, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.167497, "energy": 83.754632, "activity_lines": [ 11.840867, 12.062636, 12.429557, 12.592581 ] }, { "date": "2025-01-17", "close": 11.987, "volume": 54782, "typical_volume": 60640.2, "trend": 12.6745, "fair_value": 12.115385, "relative_strength": -3.705115, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.864117, "energy": 63.096053, "activity_lines": [ 11.862, 12.021945, 12.357033, 12.548026 ] }, { "date": "2025-01-24", "close": 11.843, "volume": 29974, "typical_volume": 57120.4, "trend": 12.6659, "fair_value": 12.085596, "relative_strength": -7.397731, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.678214, "energy": 56.965726, "activity_lines": [ 11.848533, 11.965164, 12.275781, 12.494381 ] }, { "date": "2025-01-31", "close": 12.351, "volume": 32633, "typical_volume": 54243.5, "trend": 12.662233, "fair_value": 12.061808, "relative_strength": -3.695435, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.210312, "energy": 42.102323, "activity_lines": [ 12.0092, 12.009745, 12.250143, 12.474065 ] }, { "date": "2025-02-07", "close": 12.37, "volume": 26034, "typical_volume": 52181.95, "trend": 12.646333, "fair_value": 12.037872, "relative_strength": -3.883908, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.895844, "energy": 22.627397, "activity_lines": [ 12.151933, 12.059473, 12.232848, 12.455211 ] }, { "date": "2025-02-14", "close": 12.428, "volume": 78165, "typical_volume": 54175.7, "trend": 12.642667, "fair_value": 12.015077, "relative_strength": -5.894037, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.412191, "energy": 23.453501, "activity_lines": [ 12.289733, 12.124618, 12.226171, 12.441125 ] }, { "date": "2025-02-21", "close": 12.247, "volume": 37299, "typical_volume": 53427.15, "trend": 12.6377, "fair_value": 11.991038, "relative_strength": -7.058817, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.456443, "energy": 24.480411, "activity_lines": [ 12.3068, 12.158673, 12.208414, 12.415598 ] }, { "date": "2025-02-28", "close": 12.33, "volume": 64135, "typical_volume": 51533.8, "trend": 12.626267, "fair_value": 11.972506, "relative_strength": -6.029759, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.105216, "energy": 17.805907, "activity_lines": [ 12.3342, 12.206745, 12.204338, 12.395746 ] }, { "date": "2025-03-07", "close": 11.645, "volume": 117167, "typical_volume": 55073.3, "trend": 12.5949, "fair_value": 11.945776, "relative_strength": -11.325191, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.295409, "energy": 30.569683, "activity_lines": [ 12.1008, 12.122727, 12.13989, 12.332439 ] }, { "date": "2025-03-14", "close": 11.738, "volume": 39834, "typical_volume": 54103.3, "trend": 12.565, "fair_value": 11.916032, "relative_strength": -9.659042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.029997, "energy": 39.808531, "activity_lines": [ 11.945467, 12.061836, 12.092229, 12.277155 ] }, { "date": "2025-03-21", "close": 11.833, "volume": 80769, "typical_volume": 55806.45, "trend": 12.524733, "fair_value": 11.888833, "relative_strength": -9.100397, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.560501, "energy": 51.461749, "activity_lines": [ 11.863933, 12.023091, 12.059214, 12.229929 ] }, { "date": "2025-03-28", "close": 11.967, "volume": 34146, "typical_volume": 55264.95, "trend": 12.489167, "fair_value": 11.860705, "relative_strength": -6.631759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.50617, "energy": 55.892886, "activity_lines": [ 11.866733, 12.003055, 12.042357, 12.193946 ] }, { "date": "2025-04-04", "close": 11.715, "volume": 53923, "typical_volume": 54514.95, "trend": 12.434267, "fair_value": 11.831859, "relative_strength": -0.726677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.236994, "energy": 51.632743, "activity_lines": [ 11.8042, 11.937564, 12.004238, 12.144 ] }, { "date": "2025-04-11", "close": 11.444, "volume": 143214, "typical_volume": 56330.3, "trend": 12.3583, "fair_value": 11.801949, "relative_strength": -0.890381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.491494, "energy": 47.567411, "activity_lines": [ 11.692333, 11.825127, 11.943276, 12.080112 ] }, { "date": "2025-04-18", "close": 12.201, "volume": 32934, "typical_volume": 55356.35, "trend": 12.317, "fair_value": 11.779955, "relative_strength": 2.760405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.350716, "energy": 25.801131, "activity_lines": [ 11.8462, 11.866818, 11.959171, 12.069963 ] }, { "date": "2025-04-25", "close": 12.312, "volume": 25428, "typical_volume": 54714.55, "trend": 12.270033, "fair_value": 11.760429, "relative_strength": 0.034364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.751236, "energy": 11.218561, "activity_lines": [ 12.0062, 11.931764, 11.987719, 12.069641 ] }, { "date": "2025-05-02", "close": 12.653, "volume": 34912, "typical_volume": 54589.15, "trend": 12.243133, "fair_value": 11.750731, "relative_strength": -0.407822, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.728261, "energy": 21.790026, "activity_lines": [ 12.247933, 12.060818, 12.049771, 12.094348 ] }, { "date": "2025-05-09", "close": 12.668, "volume": 36579, "typical_volume": 53041.55, "trend": 12.220333, "fair_value": 11.740481, "relative_strength": -0.114486, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.587054, "energy": 34.676889, "activity_lines": [ 12.448933, 12.185218, 12.111038, 12.121759 ] }, { "date": "2025-05-16", "close": 12.745, "volume": 74413, "typical_volume": 55550.6, "trend": 12.2015, "fair_value": 11.728878, "relative_strength": -1.408895, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.052883, "energy": 58.113103, "activity_lines": [ 12.612067, 12.317473, 12.176052, 12.155609 ] }, { "date": "2025-05-23", "close": 12.661, "volume": 32041, "typical_volume": 56338.2, "trend": 12.193067, "fair_value": 11.715385, "relative_strength": -0.260512, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.290678, "energy": 59.099255, "activity_lines": [ 12.660467, 12.414455, 12.229457, 12.185254 ] }, { "date": "2025-05-30", "close": 13.057, "volume": 21589, "typical_volume": 52498.55, "trend": 12.2101, "fair_value": 11.707147, "relative_strength": 2.49012, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.703042, "energy": 73.700904, "activity_lines": [ 12.8102, 12.566655, 12.317457, 12.240991 ] }, { "date": "2025-06-06", "close": 12.93, "volume": 94711, "typical_volume": 54495.0, "trend": 12.223033, "fair_value": 11.702788, "relative_strength": 0.671471, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.540747, "energy": 71.906635, "activity_lines": [ 12.867933, 12.673509, 12.386052, 12.287437 ] }, { "date": "2025-06-13", "close": 12.78, "volume": 47707, "typical_volume": 55381.65, "trend": 12.237767, "fair_value": 11.701923, "relative_strength": 1.007254, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.159597, "energy": 57.574956, "activity_lines": [ 12.8572, 12.735582, 12.435871, 12.32337 ] }, { "date": "2025-06-20", "close": 13.086, "volume": 54357, "typical_volume": 56467.85, "trend": 12.259167, "fair_value": 11.702538, "relative_strength": 4.54882, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.919825, "energy": 59.785766, "activity_lines": [ 12.941, 12.833927, 12.510371, 12.378095 ] }, { "date": "2025-06-27", "close": 13.108, "volume": 38901, "typical_volume": 57111.2, "trend": 12.274833, "fair_value": 11.707577, "relative_strength": 3.233419, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.066884, "energy": 54.099139, "activity_lines": [ 13.0094, 12.906418, 12.583467, 12.432858 ] }, { "date": "2025-07-04", "close": 12.862, "volume": 42136, "typical_volume": 55309.75, "trend": 12.285967, "fair_value": 11.708853, "relative_strength": 1.177618, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.706249, "energy": 42.792974, "activity_lines": [ 12.966, 12.917691, 12.629619, 12.47074 ] }, { "date": "2025-07-11", "close": 12.641, "volume": 43609, "typical_volume": 55625.25, "trend": 12.301067, "fair_value": 11.708532, "relative_strength": -2.194979, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.510897, "energy": 35.193404, "activity_lines": [ 12.861933, 12.878782, 12.652657, 12.493645 ] }, { "date": "2025-07-18", "close": 12.622, "volume": 38701, "typical_volume": 54353.55, "trend": 12.324633, "fair_value": 11.702096, "relative_strength": -2.201738, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.303278, "energy": 25.27693, "activity_lines": [ 12.7708, 12.836636, 12.67201, 12.514351 ] }, { "date": "2025-07-25", "close": 12.632, "volume": 34372, "typical_volume": 50213.8, "trend": 12.346133, "fair_value": 11.694224, "relative_strength": -2.231367, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.881261, "energy": 23.356391, "activity_lines": [ 12.693533, 12.797145, 12.690924, 12.534181 ] }, { "date": "2025-08-01", "close": 12.455, "volume": 47867, "typical_volume": 50615.45, "trend": 12.3611, "fair_value": 11.688353, "relative_strength": 0.196529, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.743871, "energy": 20.674858, "activity_lines": [ 12.587533, 12.727527, 12.688281, 12.541204 ] }, { "date": "2025-08-08", "close": 12.843, "volume": 19820, "typical_volume": 47568.0, "trend": 12.405133, "fair_value": 11.680885, "relative_strength": 0.776809, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.6921, "energy": 20.523942, "activity_lines": [ 12.6544, 12.7322, 12.719176, 12.572295 ] }, { "date": "2025-08-15", "close": 12.697, "volume": 16758, "typical_volume": 46698.6, "trend": 12.4288, "fair_value": 11.677641, "relative_strength": -2.531271, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.829994, "energy": 11.954245, "activity_lines": [ 12.673867, 12.714218, 12.731357, 12.591125 ] }, { "date": "2025-08-22", "close": 12.84, "volume": 19558, "typical_volume": 44980.35, "trend": 12.462033, "fair_value": 11.679468, "relative_strength": -1.879139, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.096562, "energy": 19.500775, "activity_lines": [ 12.737267, 12.726473, 12.753681, 12.617654 ] }, { "date": "2025-08-29", "close": 12.476, "volume": 28696, "typical_volume": 39254.45, "trend": 12.4662, "fair_value": 11.681199, "relative_strength": -1.269029, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.994738, "energy": 9.653062, "activity_lines": [ 12.6648, 12.671455, 12.735981, 12.618555 ] }, { "date": "2025-09-05", "close": 12.351, "volume": 31029, "typical_volume": 39159.2, "trend": 12.465567, "fair_value": 11.682353, "relative_strength": -1.647425, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -2.31387, "energy": 8.496507, "activity_lines": [ 12.561067, 12.6048, 12.701462, 12.611123 ] }, { "date": "2025-09-12", "close": 12.371, "volume": 17060, "typical_volume": 38740.8, "trend": 12.463667, "fair_value": 11.686782, "relative_strength": -3.0892, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.453373, "energy": 20.858124, "activity_lines": [ 12.470933, 12.555545, 12.668133, 12.605022 ] }, { "date": "2025-09-19", "close": 12.316, "volume": 22679, "typical_volume": 38129.15, "trend": 12.465967, "fair_value": 11.699314, "relative_strength": -3.6141, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.692203, "energy": 41.625514, "activity_lines": [ 12.393933, 12.505218, 12.629286, 12.595495 ] }, { "date": "2025-09-26", "close": 12.258, "volume": 16688, "typical_volume": 37134.6, "trend": 12.463567, "fair_value": 11.711974, "relative_strength": -4.045483, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.49026, "energy": 46.374382, "activity_lines": [ 12.323, 12.450255, 12.586519, 12.582077 ] }, { "date": "2025-10-03", "close": 12.495, "volume": 98715, "typical_volume": 38349.7, "trend": 12.4919, "fair_value": 11.729051, "relative_strength": -4.472096, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.550484, "energy": 38.756785, "activity_lines": [ 12.369867, 12.445, 12.568276, 12.584105 ] }, { "date": "2025-10-10", "close": 12.362, "volume": 41720, "typical_volume": 38833.65, "trend": 12.5127, "fair_value": 11.745391, "relative_strength": -3.306266, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.182132, "energy": 29.406712, "activity_lines": [ 12.371133, 12.418055, 12.538557, 12.575725 ] }, { "date": "2025-10-17", "close": 12.722, "volume": 28109, "typical_volume": 39159.65, "trend": 12.542333, "fair_value": 11.763378, "relative_strength": -3.388407, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 0.206696, "energy": 4.563421, "activity_lines": [ 12.491667, 12.458255, 12.544548, 12.589228 ] }, { "date": "2025-10-24", "close": 13.0313, "volume": 18952, "typical_volume": 35371.7, "trend": 12.57781, "fair_value": 11.778887, "relative_strength": -1.495793, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.329402, "energy": 23.193308, "activity_lines": [ 12.6919, 12.556891, 12.58159, 12.620774 ] }, { "date": "2025-10-31", "close": 12.615, "volume": 20516, "typical_volume": 34012.15, "trend": 12.60781, "fair_value": 11.791143, "relative_strength": -3.25298, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.310654, "energy": 16.914438, "activity_lines": [ 12.70568, 12.573758, 12.578503, 12.623174 ] }, { "date": "2025-11-07", "close": 12.642, "volume": 22671, "typical_volume": 32427.85, "trend": 12.647743, "fair_value": 11.797835, "relative_strength": -0.820663, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.398362, "energy": 20.154578, "activity_lines": [ 12.70466, 12.599625, 12.578773, 12.625379 ] }, { "date": "2025-11-14", "close": 12.553, "volume": 24271, "typical_volume": 31696.35, "trend": 12.659477, "fair_value": 11.806028, "relative_strength": -3.984532, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.777485, "energy": 12.645755, "activity_lines": [ 12.664173, 12.606293, 12.572681, 12.619267 ] }, { "date": "2025-11-21", "close": 12.425, "volume": 37861, "typical_volume": 31482.6, "trend": 12.663243, "fair_value": 11.812906, "relative_strength": -2.546141, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.936861, "energy": 17.587036, "activity_lines": [ 12.568287, 12.586015, 12.557042, 12.604139 ] }, { "date": "2025-11-28", "close": 12.714, "volume": 18262, "typical_volume": 30215.25, "trend": 12.665277, "fair_value": 11.822451, "relative_strength": -1.784233, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.410149, "energy": 10.560064, "activity_lines": [ 12.588533, 12.6173, 12.571007, 12.607414 ] }, { "date": "2025-12-05", "close": 12.474, "volume": 17249, "typical_volume": 29142.65, "trend": 12.65881, "fair_value": 11.830707, "relative_strength": -3.369106, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.14734, "energy": 19.621476, "activity_lines": [ 12.549933, 12.597713, 12.561768, 12.595074 ] }, { "date": "2025-12-12", "close": 12.198, "volume": 31261, "typical_volume": 28987.1, "trend": 12.640577, "fair_value": 11.840181, "relative_strength": -4.813868, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.221124, "energy": 41.87299, "activity_lines": [ 12.428733, 12.524016, 12.526947, 12.565344 ] }, { "date": "2025-12-19", "close": 12.427, "volume": 37566, "typical_volume": 28472.05, "trend": 12.632777, "fair_value": 11.850604, "relative_strength": -3.879469, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.001001, "energy": 39.442682, "activity_lines": [ 12.413467, 12.497356, 12.516003, 12.551565 ] }, { "date": "2025-12-26", "close": 12.508, "volume": 11763, "typical_volume": 28069.2, "trend": 12.614477, "fair_value": 11.861329, "relative_strength": -2.580482, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.958466, "energy": 37.106012, "activity_lines": [ 12.4336, 12.484242, 12.512906, 12.543515 ] }, { "date": "2026-01-02", "close": 12.578, "volume": 33474, "typical_volume": 28905.0, "trend": 12.602743, "fair_value": 11.869361, "relative_strength": -2.996543, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.237919, "energy": 25.33352, "activity_lines": [ 12.471533, 12.487745, 12.518071, 12.541161 ] }, { "date": "2026-01-09", "close": 13.065, "volume": 32717, "typical_volume": 29562.95, "trend": 12.612243, "fair_value": 11.877092, "relative_strength": -1.265812, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.425411, "energy": 20.493786, "activity_lines": [ 12.680867, 12.588036, 12.570184, 12.570984 ] }, { "date": "2026-01-16", "close": 13.098, "volume": 30154, "typical_volume": 29635.85, "trend": 12.612643, "fair_value": 11.885778, "relative_strength": 0.181918, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.824583, "energy": 48.789032, "activity_lines": [ 12.8618, 12.686145, 12.624369, 12.602323 ] }, { "date": "2026-01-23", "close": 12.927, "volume": 28759, "typical_volume": 29522.35, "trend": 12.60661, "fair_value": 11.892028, "relative_strength": 0.167267, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.759002, "energy": 62.803876, "activity_lines": [ 12.925733, 12.744873, 12.659305, 12.622605 ] }, { "date": "2026-01-30", "close": 13.148, "volume": 30447, "typical_volume": 30191.7, "trend": 12.616143, "fair_value": 11.897675, "relative_strength": 2.00717, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.240899, "energy": 74.213701, "activity_lines": [ 13.03, 12.836982, 12.712547, 12.657533 ] }, { "date": "2026-02-06", "close": 13.261, "volume": 33928, "typical_volume": 30754.15, "trend": 12.63681, "fair_value": 11.90638, "relative_strength": 0.989297, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.002856, "energy": 75.995626, "activity_lines": [ 13.129267, 12.936491, 12.77285, 12.699137 ] }, { "date": "2026-02-13", "close": 13.453, "volume": 49114, "typical_volume": 32375.45, "trend": 12.66451, "fair_value": 11.917188, "relative_strength": 1.862157, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.168322, "energy": 78.000294, "activity_lines": [ 13.247, 13.060964, 12.846939, 12.751794 ] }, { "date": "2026-02-20", "close": 13.735, "volume": 32381, "typical_volume": 29058.75, "trend": 12.701277, "fair_value": 11.932303, "relative_strength": 1.372759, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.026194, "energy": 86.919201, "activity_lines": [ 13.432867, 13.218909, 12.942195, 12.820858 ] }, { "date": "2026-02-27", "close": 14.106, "volume": 35001, "typical_volume": 28722.8, "trend": 12.75631, "fair_value": 11.950072, "relative_strength": 3.164709, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.902857, "energy": 94.68893, "activity_lines": [ 13.699933, 13.416364, 13.066879, 12.911485 ] }, { "date": "2026-03-06", "close": 13.283, "volume": 146404, "typical_volume": 34637.55, "trend": 12.770977, "fair_value": 11.96688, "relative_strength": 3.996846, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.631215, "energy": 72.699622, "activity_lines": [ 13.614067, 13.433655, 13.104878, 12.945465 ] }, { "date": "2026-03-13", "close": 12.675, "volume": 206593, "typical_volume": 44019.6, "trend": 12.770243, "fair_value": 11.981367, "relative_strength": 0.096005, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.301008, "energy": 32.406538, "activity_lines": [ 13.316533, 13.326309, 13.0823, 12.939273 ] }, { "date": "2026-03-20", "close": 12.183, "volume": 39897, "typical_volume": 44988.65, "trend": 12.748343, "fair_value": 11.996412, "relative_strength": -0.843658, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 1.612903, "energy": 12.360127, "activity_lines": [ 12.894067, 13.127745, 13.014562, 12.901386 ] }, { "date": "2026-03-27", "close": 11.855, "volume": 123344, "typical_volume": 50022.3, "trend": 12.727643, "fair_value": 12.006874, "relative_strength": -4.000009, "stage": 4, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -39.737466, "energy": 42.405431, "activity_lines": [ 12.446933, 12.885582, 12.917643, 12.843751 ] }, { "date": "2026-04-03", "close": 12.455, "volume": 37186, "typical_volume": 50668.05, "trend": 12.73111, "fair_value": 12.020335, "relative_strength": -2.3863, "stage": 4, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -21.424579, "energy": 37.628918, "activity_lines": [ 12.325133, 12.775109, 12.881614, 12.826162 ] }, { "date": "2026-04-10", "close": 12.838, "volume": 54527, "typical_volume": 51501.35, "trend": 12.746677, "fair_value": 12.033848, "relative_strength": -2.939378, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.7598, "energy": 33.08429, "activity_lines": [ 12.441067, 12.742855, 12.882529, 12.833058 ] }, { "date": "2026-04-17", "close": 13.343, "volume": 62112, "typical_volume": 53693.85, "trend": 12.78091, "fair_value": 12.051431, "relative_strength": -0.995278, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 5.922916, "energy": 12.197294, "activity_lines": [ 12.755, 12.808055, 12.929571, 12.87153 ] }, { "date": "2026-04-24", "close": 12.902, "volume": 60245, "typical_volume": 55843.65, "trend": 12.802377, "fair_value": 12.064842, "relative_strength": -1.06856, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.858153, "energy": 9.883113, "activity_lines": [ 12.8774, 12.791582, 12.931619, 12.879342 ] }, { "date": "2026-05-01", "close": 12.784, "volume": 25284, "typical_volume": 55544.8, "trend": 12.81201, "fair_value": 12.078515, "relative_strength": -1.391362, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.13147, "energy": 14.705084, "activity_lines": [ 12.912533, 12.763673, 12.92039, 12.878157 ] }, { "date": "2026-05-08", "close": 12.685, "volume": 60408, "typical_volume": 56686.9, "trend": 12.822777, "fair_value": 12.094188, "relative_strength": -2.042389, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.988647, "energy": 10.607064, "activity_lines": [ 12.852733, 12.735055, 12.896943, 12.869963 ] }, { "date": "2026-05-15", "close": 12.7, "volume": 36790, "typical_volume": 57938.25, "trend": 12.822043, "fair_value": 12.109829, "relative_strength": 0.069821, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.300151, "energy": 4.274529, "activity_lines": [ 12.7826, 12.735, 12.873695, 12.862042 ] }, { "date": "2026-05-22", "close": 12.706, "volume": 31536, "typical_volume": 57841.35, "trend": 12.8112, "fair_value": 12.127028, "relative_strength": -1.811712, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.501732, "energy": 11.699682, "activity_lines": [ 12.723667, 12.746636, 12.850105, 12.854555 ] }, { "date": "2026-05-29", "close": 12.87, "volume": 17045, "typical_volume": 57057.75, "trend": 12.8197, "fair_value": 12.142637, "relative_strength": -1.23281, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.799809, "energy": 9.422724, "activity_lines": [ 12.761867, 12.787527, 12.841524, 12.858348 ] }, { "date": "2026-06-05", "close": 12.401, "volume": 8230, "typical_volume": 55961.55, "trend": 12.811667, "fair_value": 12.154496, "relative_strength": -5.066831, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.063127, "energy": 19.944906, "activity_lines": [ 12.645867, 12.730655, 12.789205, 12.831335 ] }, { "date": "2026-06-12", "close": 12.723, "volume": 5182, "typical_volume": 54782.7, "trend": 12.817333, "fair_value": 12.169771, "relative_strength": -3.986681, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.184072, "energy": 15.349231, "activity_lines": [ 12.662733, 12.7224, 12.770871, 12.825615 ] }, { "date": "2026-06-19", "close": 12.52, "volume": 2854, "typical_volume": 53403.05, "trend": 12.8205, "fair_value": 12.188169, "relative_strength": -6.0366, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.505201, "energy": 34.576453, "activity_lines": [ 12.6094, 12.672364, 12.734176, 12.806432 ] }, { "date": "2026-06-26", "close": 13.09, "volume": 2503, "typical_volume": 51831.8, "trend": 12.833033, "fair_value": 12.208713, "relative_strength": -1.161903, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -18.555153, "energy": 12.69235, "activity_lines": [ 12.758067, 12.731745, 12.754757, 12.823819 ] }, { "date": "2026-07-03", "close": 13.174, "volume": 46672, "typical_volume": 51709.7, "trend": 12.856367, "fair_value": 12.229329, "relative_strength": -1.821273, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.997383, "energy": 15.677466, "activity_lines": [ 12.909133, 12.811, 12.784152, 12.845817 ] }, { "date": "2026-07-10", "close": 13.016, "volume": 23478, "typical_volume": 51264.55, "trend": 12.883633, "fair_value": 12.245976, "relative_strength": -0.966874, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.341386, "energy": 23.496746, "activity_lines": [ 12.987267, 12.856582, 12.799829, 12.856116 ] }, { "date": "2026-07-17", "close": 13.214, "volume": 22590, "typical_volume": 50644.0, "trend": 12.909867, "fair_value": 12.261322, "relative_strength": 0.576991, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 25.186817, "energy": 39.004511, "activity_lines": [ 13.0904, 12.933945, 12.837786, 12.87743 ] }, { "date": "2026-07-24", "close": 13.21, "volume": 10739, "typical_volume": 43860.75, "trend": 12.933267, "fair_value": 12.277143, "relative_strength": 0.186785, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.818989, "energy": 46.346565, "activity_lines": [ 13.159467, 13.000964, 12.87961, 12.896794 ] }, { "date": "2026-07-31", "close": 13.4, "volume": 38287, "typical_volume": 35445.45, "trend": 12.960667, "fair_value": 12.295137, "relative_strength": 0.08, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.414994, "energy": 54.668906, "activity_lines": [ 13.245867, 13.093255, 12.939876, 12.926905 ] }, { "date": "2026-08-07", "close": 13.336, "volume": 20728, "typical_volume": 34487.0, "trend": 12.9697, "fair_value": 12.312925, "relative_strength": -2.591351, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.785265, "energy": 52.989991, "activity_lines": [ 13.290267, 13.161291, 12.990595, 12.95112 ] } ], "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." } } }