{ "ticker": { "uuid": "722f0a52-19b7-4397-b8c7-bcf0908e7471", "symbol": "SOIL", "name": "WisdomTree WTI Crude Oil 1x Daily Short ETP Securities", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -44.292, "architecture_energy": 42.326, "architecture_maturity": 69.936, "architecture_confidence": 59.769, "architecture_tenure": "Established", "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": 29.34, "rotation_up": 10.35, "upward_expansion": 12.8, "deceleration": 60.28, "rotation_down": 66.45, "downward_expansion": 69.47 }, "activity_lines": [ 8.247867, 8.627255, 8.470762, 8.834613 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 8.4, "trend_reference": 9.863833, "distance_from_trend": -0.148404, "trend_direction": "Weakening", "fair_value": 14.959827, "distance_from_fair_value": -0.438496, "fair_value_direction": "Improving", "relative_strength": -42.035821, "relative_strength_direction": "Improving", "price_momentum": -0.395683, "excess_performance": -0.566575, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.148404, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.191986, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.438496, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.064804, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.420358, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.088131, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.395683, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.827085, "read": "Demand-led" } ], "volume": { "latest": 1569783, "relative_activity": 1.189169, "balance": 1.827085, "dry_up": 1.077129, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.085321, "annualized_volatility": 0.558368, "from_high_reference": -0.490909, "from_low_reference": 0.201201 }, "levels": { "trend_reference": 9.863833, "fair_value_reference": 14.959827, "structural_low": 6.993, "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": 32, "median_return": -0.000101, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.024631, "regime_survival": 0.78125, "best_return": 0.208519, "worst_return": -0.345812, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": -0.010954, "positive_rate": 0.461538, "directional_follow_through": 0.538462, "median_excess_return": -0.019621, "regime_survival": 0.615385, "best_return": 0.105087, "worst_return": -0.390328, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.047271, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.117738, "regime_survival": 0.428571, "best_return": 0.173806, "worst_return": -0.235076, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 5, "median_return": -0.105218, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.283618, "regime_survival": 0.8, "best_return": 0.05485, "worst_return": -0.457945, "sufficient": true } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-19", "end": "2024-03-01", "tenure": "Developing", "return": -0.077965, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-03-08", "end": "2024-04-12", "tenure": "Developing", "return": -0.079227, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-04-19", "end": "2024-06-07", "tenure": "Developing", "return": 0.06254, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-14", "end": "2024-07-05", "tenure": "New", "return": -0.081074, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-12", "end": "2024-07-26", "tenure": "New", "return": 0.075532, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-02", "end": "2024-09-06", "tenure": "Developing", "return": 0.040297, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-13", "end": "2025-01-17", "tenure": "Established", "return": -0.086845, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-24", "end": "2025-02-14", "tenure": "New", "return": 0.042631, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-06-13", "tenure": "Established", "return": -0.132526, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-20", "end": "2025-10-31", "tenure": "Established", "return": 0.123711, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-11-07", "end": "2025-12-12", "tenure": "Developing", "return": 0.021932, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-01-23", "tenure": "Developing", "return": -0.086714, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-30", "end": "2026-02-20", "tenure": "New", "return": -0.007095, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-27", "end": "2026-08-07", "tenure": "Established", "return": -0.367279, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 16.996, "volume": 26934, "typical_volume": 74253.3, "trend": 18.616967, "fair_value": 28.743551, "relative_strength": -17.838913, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.354355, "energy": 76.769947, "activity_lines": [ 16.685867, 17.2408, 18.020667, 18.319544 ] }, { "date": "2023-08-25", "close": 17.17, "volume": 46573, "typical_volume": 71558.6, "trend": 18.590833, "fair_value": 28.246692, "relative_strength": -17.798848, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.16179, "energy": 62.776563, "activity_lines": [ 16.814133, 17.1216, 17.915476, 18.226191 ] }, { "date": "2023-09-01", "close": 16.194, "volume": 50819, "typical_volume": 72669.6, "trend": 18.493367, "fair_value": 27.949923, "relative_strength": -23.040456, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.640768, "energy": 53.334067, "activity_lines": [ 16.6364, 16.861927, 17.718905, 18.071557 ] }, { "date": "2023-09-08", "close": 15.752, "volume": 84788, "typical_volume": 74133.45, "trend": 18.406367, "fair_value": 27.627884, "relative_strength": -23.363041, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.392991, "energy": 55.618575, "activity_lines": [ 16.3548, 16.5876, 17.483657, 17.894695 ] }, { "date": "2023-09-15", "close": 15.346, "volume": 70472, "typical_volume": 75575.9, "trend": 18.2789, "fair_value": 27.343372, "relative_strength": -26.413882, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.333294, "energy": 76.276713, "activity_lines": [ 15.977067, 16.302764, 17.219924, 17.697252 ] }, { "date": "2023-09-22", "close": 15.394, "volume": 53416, "typical_volume": 69689.9, "trend": 18.143367, "fair_value": 27.038013, "relative_strength": -24.359843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.424008, "energy": 85.692982, "activity_lines": [ 15.677867, 16.086109, 16.973933, 17.511129 ] }, { "date": "2023-09-29", "close": 15.406, "volume": 50473, "typical_volume": 71064.85, "trend": 18.036967, "fair_value": 26.711769, "relative_strength": -22.39902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.261197, "energy": 84.649757, "activity_lines": [ 15.489467, 15.909345, 16.747857, 17.334525 ] }, { "date": "2023-10-06", "close": 16.922001, "volume": 112525, "typical_volume": 75735.8, "trend": 17.9663, "fair_value": 26.437295, "relative_strength": -12.7647, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.175316, "energy": 52.000502, "activity_lines": [ 15.924, 16.045564, 16.686705, 17.262591 ] }, { "date": "2023-10-13", "close": 16.129999, "volume": 54791, "typical_volume": 73843.25, "trend": 17.7868, "fair_value": 26.152487, "relative_strength": -17.252818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.551683, "energy": 40.068447, "activity_lines": [ 16.046, 16.0364, 16.562324, 17.14412 ] }, { "date": "2023-10-20", "close": 15.236, "volume": 48620, "typical_volume": 69978.3, "trend": 17.597667, "fair_value": 25.860859, "relative_strength": -18.500814, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.700875, "energy": 46.344666, "activity_lines": [ 15.8448, 15.868509, 16.367867, 16.979553 ] }, { "date": "2023-10-27", "close": 16.120001, "volume": 57474, "typical_volume": 68629.0, "trend": 17.505333, "fair_value": 25.517846, "relative_strength": -12.950895, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.243416, "energy": 28.822295, "activity_lines": [ 15.9456, 15.8804, 16.277933, 16.884219 ] }, { "date": "2023-11-03", "close": 16.238001, "volume": 110776, "typical_volume": 71074.15, "trend": 17.463267, "fair_value": 25.207577, "relative_strength": -16.071874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.326513, "energy": 31.096936, "activity_lines": [ 16.037334, 15.929673, 16.215238, 16.802456 ] }, { "date": "2023-11-10", "close": 17.112, "volume": 66565, "typical_volume": 67578.15, "trend": 17.469933, "fair_value": 24.93291, "relative_strength": -10.707738, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.235097, "energy": 16.462724, "activity_lines": [ 16.364934, 16.1548, 16.249905, 16.779794 ] }, { "date": "2023-11-17", "close": 17.128, "volume": 39112, "typical_volume": 67493.6, "trend": 17.444533, "fair_value": 24.670525, "relative_strength": -13.135062, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.684291, "energy": 13.619447, "activity_lines": [ 16.6852, 16.366146, 16.298933, 16.757733 ] }, { "date": "2023-11-24", "close": 16.622, "volume": 89676, "typical_volume": 67119.8, "trend": 17.394867, "fair_value": 24.438038, "relative_strength": -14.966144, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.074688, "energy": 17.27024, "activity_lines": [ 16.770267, 16.460473, 16.3098, 16.704667 ] }, { "date": "2023-12-01", "close": 16.846001, "volume": 75775, "typical_volume": 63769.3, "trend": 17.311867, "fair_value": 24.21609, "relative_strength": -14.773548, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.897174, "energy": 17.158476, "activity_lines": [ 16.8376, 16.572328, 16.351495, 16.669256 ] }, { "date": "2023-12-08", "close": 18.247999, "volume": 110351, "typical_volume": 65874.7, "trend": 17.2628, "fair_value": 24.007295, "relative_strength": -8.463474, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.651661, "energy": 36.440676, "activity_lines": [ 17.323867, 16.912691, 16.529676, 16.729652 ] }, { "date": "2023-12-15", "close": 17.834, "volume": 58481, "typical_volume": 67188.0, "trend": 17.2078, "fair_value": 23.814372, "relative_strength": -9.766225, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.741085, "energy": 40.844767, "activity_lines": [ 17.538133, 17.126109, 16.664676, 16.766503 ] }, { "date": "2023-12-22", "close": 17.118, "volume": 30915, "typical_volume": 64426.85, "trend": 17.135267, "fair_value": 23.611154, "relative_strength": -12.771737, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.153119, "energy": 31.242633, "activity_lines": [ 17.4656, 17.192764, 16.726781, 16.76071 ] }, { "date": "2023-12-29", "close": 17.450001, "volume": 10107, "typical_volume": 62432.15, "trend": 17.066733, "fair_value": 23.410833, "relative_strength": -10.518565, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.065295, "energy": 31.896014, "activity_lines": [ 17.5044, 17.301818, 16.8168, 16.781015 ] }, { "date": "2024-01-05", "close": 17.191999, "volume": 36702, "typical_volume": 62920.55, "trend": 16.990467, "fair_value": 23.230654, "relative_strength": -11.528987, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.632308, "energy": 19.212308, "activity_lines": [ 17.402, 17.323709, 16.876695, 16.789097 ] }, { "date": "2024-01-12", "close": 17.332001, "volume": 29848, "typical_volume": 62084.3, "trend": 16.928067, "fair_value": 23.052397, "relative_strength": -10.535231, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 10.545667, "energy": 10.240935, "activity_lines": [ 17.3232, 17.351564, 16.948991, 16.811131 ] }, { "date": "2024-01-19", "close": 17.417999, "volume": 23410, "typical_volume": 60713.85, "trend": 16.8484, "fair_value": 22.87607, "relative_strength": -9.222028, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.35264, "energy": 11.152685, "activity_lines": [ 17.334133, 17.375164, 17.028705, 16.84274 ] }, { "date": "2024-01-26", "close": 16.764, "volume": 51195, "typical_volume": 59034.2, "trend": 16.766067, "fair_value": 22.695199, "relative_strength": -12.565826, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.448527, "energy": 14.477319, "activity_lines": [ 17.1548, 17.274291, 17.040305, 16.837295 ] }, { "date": "2024-02-02", "close": 17.826, "volume": 38378, "typical_volume": 57429.5, "trend": 16.739733, "fair_value": 22.542352, "relative_strength": -7.689929, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.666795, "energy": 21.341356, "activity_lines": [ 17.353067, 17.373127, 17.148229, 16.905677 ] }, { "date": "2024-02-09", "close": 16.91, "volume": 32684, "typical_volume": 56392.9, "trend": 16.721133, "fair_value": 22.3945, "relative_strength": -13.317973, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.585617, "energy": 14.405642, "activity_lines": [ 17.220933, 17.283527, 17.157105, 16.916662 ] }, { "date": "2024-02-16", "close": 16.638, "volume": 38448, "typical_volume": 55791.65, "trend": 16.693733, "fair_value": 22.250513, "relative_strength": -15.830101, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.503572, "energy": 11.219832, "activity_lines": [ 17.016933, 17.143309, 17.132857, 16.911299 ] }, { "date": "2024-02-23", "close": 16.728001, "volume": 17439, "typical_volume": 51037.35, "trend": 16.6898, "fair_value": 22.116429, "relative_strength": -17.347689, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.820635, "energy": 7.678324, "activity_lines": [ 16.8892, 17.048727, 17.111314, 16.91351 ] }, { "date": "2024-03-01", "close": 16.059999, "volume": 32422, "typical_volume": 49918.9, "trend": 16.680467, "fair_value": 21.988288, "relative_strength": -20.764646, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.198252, "energy": 22.828619, "activity_lines": [ 16.5848, 16.8528, 17.027076, 16.872877 ] }, { "date": "2024-03-08", "close": 16.358, "volume": 35825, "typical_volume": 49279.15, "trend": 16.682933, "fair_value": 21.865391, "relative_strength": -19.908717, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.411328, "energy": 32.646837, "activity_lines": [ 16.426667, 16.730291, 16.971552, 16.852073 ] }, { "date": "2024-03-15", "close": 15.788, "volume": 28189, "typical_volume": 47814.9, "trend": 16.642667, "fair_value": 21.721115, "relative_strength": -23.003153, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.421833, "energy": 47.598196, "activity_lines": [ 16.1764, 16.524, 16.8564, 16.794336 ] }, { "date": "2024-03-22", "close": 15.878, "volume": 19974, "typical_volume": 43274.8, "trend": 16.5996, "fair_value": 21.578218, "relative_strength": -22.624766, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.931169, "energy": 49.994649, "activity_lines": [ 16.030933, 16.3596, 16.7514, 16.745002 ] }, { "date": "2024-03-29", "close": 15.574, "volume": 42740, "typical_volume": 42083.55, "trend": 16.578933, "fair_value": 21.428308, "relative_strength": -24.388114, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.62626, "energy": 56.658724, "activity_lines": [ 15.8348, 16.166364, 16.619162, 16.678834 ] }, { "date": "2024-04-05", "close": 14.718, "volume": 32391, "typical_volume": 41747.5, "trend": 16.544467, "fair_value": 21.275506, "relative_strength": -26.489797, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.849643, "energy": 70.409159, "activity_lines": [ 15.430267, 15.851018, 16.412724, 16.558774 ] }, { "date": "2024-04-12", "close": 15.062, "volume": 100917, "typical_volume": 42309.55, "trend": 16.535, "fair_value": 21.141545, "relative_strength": -23.821476, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.740165, "energy": 78.555222, "activity_lines": [ 15.229867, 15.635418, 16.250524, 16.463131 ] }, { "date": "2024-04-19", "close": 15.702, "volume": 77428, "typical_volume": 42392.2, "trend": 16.545267, "fair_value": 21.009442, "relative_strength": -20.479468, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.97068, "energy": 70.628606, "activity_lines": [ 15.3292, 15.586436, 16.156705, 16.409389 ] }, { "date": "2024-04-26", "close": 15.358, "volume": 16227, "typical_volume": 37686.0, "trend": 16.543667, "fair_value": 20.879782, "relative_strength": -22.401184, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.950994, "energy": 64.05958, "activity_lines": [ 15.3196, 15.496873, 16.035571, 16.332791 ] }, { "date": "2024-05-03", "close": 16.200001, "volume": 49887, "typical_volume": 37256.3, "trend": 16.5196, "fair_value": 20.763276, "relative_strength": -16.005587, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.350121, "energy": 32.442256, "activity_lines": [ 15.625334, 15.583673, 16.008391, 16.310619 ] }, { "date": "2024-05-10", "close": 16.129999, "volume": 19361, "typical_volume": 36678.6, "trend": 16.5196, "fair_value": 20.647667, "relative_strength": -18.147472, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.16182, "energy": 23.985796, "activity_lines": [ 15.866, 15.667345, 15.982324, 16.285484 ] }, { "date": "2024-05-17", "close": 15.86, "volume": 8798, "typical_volume": 36613.15, "trend": 16.5404, "fair_value": 20.52725, "relative_strength": -20.505674, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.644121, "energy": 22.986711, "activity_lines": [ 15.922533, 15.700655, 15.935248, 16.242929 ] }, { "date": "2024-05-24", "close": 16.285999, "volume": 24289, "typical_volume": 35992.5, "trend": 16.545933, "fair_value": 20.420686, "relative_strength": -15.500446, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.653553, "energy": 22.659576, "activity_lines": [ 16.067866, 15.820473, 15.936314, 16.226516 ] }, { "date": "2024-05-31", "close": 16.243999, "volume": 33448, "typical_volume": 36172.5, "trend": 16.546133, "fair_value": 20.320487, "relative_strength": -14.99035, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.019295, "energy": 18.729964, "activity_lines": [ 16.160266, 15.9236, 15.937695, 16.207036 ] }, { "date": "2024-06-07", "close": 16.684, "volume": 66275, "typical_volume": 38315.75, "trend": 16.531867, "fair_value": 20.226378, "relative_strength": -12.393772, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 4.919355, "energy": 15.185982, "activity_lines": [ 16.340266, 16.100072, 15.986162, 16.215931 ] }, { "date": "2024-06-14", "close": 16.232, "volume": 13045, "typical_volume": 36408.25, "trend": 16.502, "fair_value": 20.127352, "relative_strength": -8.948721, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.405047, "energy": 15.681802, "activity_lines": [ 16.337333, 16.174182, 15.995076, 16.196585 ] }, { "date": "2024-06-21", "close": 15.646, "volume": 33983, "typical_volume": 36188.5, "trend": 16.469467, "fair_value": 20.033192, "relative_strength": -13.142279, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.967005, "energy": 13.150303, "activity_lines": [ 16.132266, 16.114218, 15.950714, 16.141359 ] }, { "date": "2024-06-28", "close": 15.628, "volume": 12654, "typical_volume": 35187.0, "trend": 16.428867, "fair_value": 19.940808, "relative_strength": -12.181013, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.729034, "energy": 17.648159, "activity_lines": [ 15.935467, 16.040363, 15.915019, 16.087071 ] }, { "date": "2024-07-05", "close": 14.916, "volume": 26776, "typical_volume": 34603.4, "trend": 16.3178, "fair_value": 19.843218, "relative_strength": -17.555473, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.820512, "energy": 44.996757, "activity_lines": [ 15.5452, 15.8384, 15.817619, 15.989467 ] }, { "date": "2024-07-12", "close": 15.146, "volume": 8079, "typical_volume": 34135.4, "trend": 16.2282, "fair_value": 19.741622, "relative_strength": -17.206985, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.796686, "energy": 59.043891, "activity_lines": [ 15.320133, 15.686291, 15.750324, 15.913867 ] }, { "date": "2024-07-19", "close": 15.53, "volume": 21803, "typical_volume": 33604.45, "trend": 16.175267, "fair_value": 19.643417, "relative_strength": -13.728097, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.885453, "energy": 59.605412, "activity_lines": [ 15.3256, 15.623164, 15.727133, 15.868821 ] }, { "date": "2024-07-26", "close": 16.290001, "volume": 37274, "typical_volume": 33676.9, "trend": 16.1366, "fair_value": 19.557038, "relative_strength": -8.125104, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.368467, "energy": 30.654205, "activity_lines": [ 15.6312, 15.709127, 15.778848, 15.876224 ] }, { "date": "2024-08-02", "close": 16.726, "volume": 35324, "typical_volume": 34033.65, "trend": 16.121067, "fair_value": 19.458808, "relative_strength": -0.203401, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.937703, "energy": 9.109957, "activity_lines": [ 16.0392, 15.866546, 15.87241, 15.914249 ] }, { "date": "2024-08-09", "close": 16.115999, "volume": 35825, "typical_volume": 34826.2, "trend": 16.080533, "fair_value": 19.359006, "relative_strength": -2.880347, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.998198, "energy": 18.469654, "activity_lines": [ 16.170667, 15.905055, 15.903409, 15.913922 ] }, { "date": "2024-08-16", "close": 15.902, "volume": 13685, "typical_volume": 33373.45, "trend": 16.03, "fair_value": 19.238122, "relative_strength": -7.374835, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.070169, "energy": 18.890458, "activity_lines": [ 16.1508, 15.906982, 15.912895, 15.902404 ] }, { "date": "2024-08-23", "close": 15.824, "volume": 29382, "typical_volume": 33223.0, "trend": 15.998667, "fair_value": 19.137891, "relative_strength": -9.031178, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.632827, "energy": 11.275735, "activity_lines": [ 16.054533, 15.908945, 15.91339, 15.889114 ] }, { "date": "2024-08-30", "close": 16.184, "volume": 40693, "typical_volume": 30211.8, "trend": 15.943933, "fair_value": 19.04516, "relative_strength": -8.597589, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.899938, "energy": 10.193478, "activity_lines": [ 16.058667, 15.983782, 15.942905, 15.901071 ] }, { "date": "2024-09-06", "close": 17.4, "volume": 60696, "typical_volume": 29375.2, "trend": 15.960267, "fair_value": 18.959135, "relative_strength": 1.597674, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 71.628438, "energy": 49.82516, "activity_lines": [ 16.4752, 16.269927, 16.082886, 15.995011 ] }, { "date": "2024-09-13", "close": 17.134001, "volume": 45170, "typical_volume": 30822.35, "trend": 15.9768, "fair_value": 18.876179, "relative_strength": -0.704319, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.640125, "energy": 60.932278, "activity_lines": [ 16.758134, 16.475491, 16.189448, 16.070735 ] }, { "date": "2024-09-20", "close": 16.469999, "volume": 9093, "typical_volume": 28782.65, "trend": 15.9682, "fair_value": 18.794865, "relative_strength": -4.919853, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.823568, "energy": 58.623433, "activity_lines": [ 16.751867, 16.52, 16.224314, 16.102555 ] }, { "date": "2024-09-27", "close": 17.122, "volume": 12321, "typical_volume": 28430.65, "trend": 16.0036, "fair_value": 18.719429, "relative_strength": -3.713358, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.225833, "energy": 64.573115, "activity_lines": [ 16.925067, 16.658982, 16.31999, 16.176993 ] }, { "date": "2024-10-04", "close": 15.886, "volume": 61165, "typical_volume": 31049.0, "trend": 15.987867, "fair_value": 18.646711, "relative_strength": -7.178479, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.950152, "energy": 25.14545, "activity_lines": [ 16.599733, 16.544291, 16.293229, 16.169406 ] }, { "date": "2024-10-11", "close": 15.582, "volume": 54459, "typical_volume": 32557.5, "trend": 15.981, "fair_value": 18.577333, "relative_strength": -10.453858, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 14.709008, "energy": 11.666565, "activity_lines": [ 16.192933, 16.381673, 16.23739, 16.143221 ] }, { "date": "2024-10-18", "close": 17.162001, "volume": 36380, "typical_volume": 32704.1, "trend": 16.0238, "fair_value": 18.520423, "relative_strength": -3.630461, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.469319, "energy": 19.182025, "activity_lines": [ 16.434, 16.527127, 16.335381, 16.219415 ] }, { "date": "2024-10-25", "close": 16.4, "volume": 15880, "typical_volume": 30184.35, "trend": 16.051333, "fair_value": 18.456993, "relative_strength": -6.351675, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.980803, "energy": 16.108764, "activity_lines": [ 16.4192, 16.515018, 16.356429, 16.243686 ] }, { "date": "2024-11-01", "close": 16.716, "volume": 30826, "typical_volume": 31073.4, "trend": 16.117933, "fair_value": 18.393154, "relative_strength": -3.963104, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.796954, "energy": 15.870296, "activity_lines": [ 16.5144, 16.551309, 16.408924, 16.286568 ] }, { "date": "2024-11-08", "close": 16.790001, "volume": 32002, "typical_volume": 30974.35, "trend": 16.175533, "fair_value": 18.327993, "relative_strength": -0.692602, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.779149, "energy": 29.910938, "activity_lines": [ 16.661334, 16.584837, 16.466162, 16.329927 ] }, { "date": "2024-11-15", "close": 17.493999, "volume": 15026, "typical_volume": 31092.95, "trend": 16.235267, "fair_value": 18.257154, "relative_strength": 2.608866, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.763888, "energy": 43.407954, "activity_lines": [ 16.982667, 16.735346, 16.585, 16.414989 ] }, { "date": "2024-11-22", "close": 17.084, "volume": 15987, "typical_volume": 30553.5, "trend": 16.2928, "fair_value": 18.169968, "relative_strength": 2.505522, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.016905, "energy": 43.576232, "activity_lines": [ 17.039867, 16.8096, 16.655905, 16.469746 ] }, { "date": "2024-11-29", "close": 17.191999, "volume": 14256, "typical_volume": 30862.35, "trend": 16.325867, "fair_value": 18.081583, "relative_strength": 3.594211, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.220409, "energy": 47.092554, "activity_lines": [ 17.138266, 16.9044, 16.726771, 16.527759 ] }, { "date": "2024-12-06", "close": 17.624001, "volume": 27147, "typical_volume": 31129.55, "trend": 16.375667, "fair_value": 18.007378, "relative_strength": 2.486658, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.545587, "energy": 55.000718, "activity_lines": [ 17.327867, 17.064618, 16.829038, 16.61151 ] }, { "date": "2024-12-13", "close": 16.92, "volume": 17841, "typical_volume": 30157.9, "trend": 16.411, "fair_value": 17.927474, "relative_strength": -1.608539, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.51228, "energy": 34.820428, "activity_lines": [ 17.222267, 17.087709, 16.854286, 16.646628 ] }, { "date": "2024-12-20", "close": 17.33, "volume": 24441, "typical_volume": 29613.75, "trend": 16.4458, "fair_value": 17.857635, "relative_strength": 4.333768, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.448187, "energy": 33.58499, "activity_lines": [ 17.244667, 17.166545, 16.915581, 16.705918 ] }, { "date": "2024-12-27", "close": 17.042, "volume": 5891, "typical_volume": 28117.05, "trend": 16.4724, "fair_value": 17.793417, "relative_strength": 1.715936, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.231572, "energy": 27.77489, "activity_lines": [ 17.182, 17.161236, 16.946571, 16.744383 ] }, { "date": "2025-01-03", "close": 16.544001, "volume": 21272, "typical_volume": 28496.4, "trend": 16.467733, "fair_value": 17.732449, "relative_strength": -0.849895, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.830595, "energy": 14.086662, "activity_lines": [ 16.956134, 17.067564, 16.925724, 16.749002 ] }, { "date": "2025-01-10", "close": 16.242001, "volume": 144759, "typical_volume": 34265.25, "trend": 16.468067, "fair_value": 17.679032, "relative_strength": -4.932289, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 11.874515, "energy": 12.486324, "activity_lines": [ 16.672801, 16.916364, 16.873057, 16.734439 ] }, { "date": "2025-01-17", "close": 15.646, "volume": 157824, "typical_volume": 40121.8, "trend": 16.468067, "fair_value": 17.625224, "relative_strength": -10.88936, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -33.166142, "energy": 35.199547, "activity_lines": [ 16.282934, 16.665418, 16.761638, 16.681402 ] }, { "date": "2025-01-24", "close": 15.81, "volume": 103093, "typical_volume": 42241.65, "trend": 16.474133, "fair_value": 17.573942, "relative_strength": -9.374301, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.035905, "energy": 50.731355, "activity_lines": [ 16.032667, 16.465091, 16.6684, 16.638946 ] }, { "date": "2025-01-31", "close": 16.354, "volume": 63601, "typical_volume": 43163.2, "trend": 16.522067, "fair_value": 17.536885, "relative_strength": -6.460148, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.773075, "energy": 47.724488, "activity_lines": [ 16.065067, 16.394291, 16.634543, 16.631196 ] }, { "date": "2025-02-07", "close": 16.832001, "volume": 72195, "typical_volume": 46318.3, "trend": 16.578267, "fair_value": 17.501865, "relative_strength": -4.905699, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.46212, "energy": 32.52799, "activity_lines": [ 16.302667, 16.423673, 16.649924, 16.651192 ] }, { "date": "2025-02-14", "close": 16.483999, "volume": 30625, "typical_volume": 47233.5, "trend": 16.610067, "fair_value": 17.463558, "relative_strength": -8.801162, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -10.647658, "energy": 10.820465, "activity_lines": [ 16.405067, 16.396327, 16.630438, 16.64511 ] }, { "date": "2025-02-21", "close": 16.51, "volume": 27497, "typical_volume": 45550.1, "trend": 16.6174, "fair_value": 17.427019, "relative_strength": -9.410969, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.387515, "energy": 9.250929, "activity_lines": [ 16.5, 16.394436, 16.616467, 16.638654 ] }, { "date": "2025-02-28", "close": 16.958, "volume": 29638, "typical_volume": 44309.05, "trend": 16.625133, "fair_value": 17.415801, "relative_strength": -7.332233, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.945776, "energy": 16.710102, "activity_lines": [ 16.686667, 16.481455, 16.642191, 16.660628 ] }, { "date": "2025-03-07", "close": 16.77, "volume": 33247, "typical_volume": 44152.4, "trend": 16.646933, "fair_value": 17.40475, "relative_strength": -8.006191, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.0461, "energy": 12.231498, "activity_lines": [ 16.734133, 16.541055, 16.643457, 16.669974 ] }, { "date": "2025-03-14", "close": 16.785999, "volume": 7717, "typical_volume": 43744.25, "trend": 16.6764, "fair_value": 17.39325, "relative_strength": -7.950235, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.64305, "energy": 13.472859, "activity_lines": [ 16.7592, 16.608509, 16.648114, 16.678946 ] }, { "date": "2025-03-21", "close": 16.51, "volume": 19901, "typical_volume": 43198.0, "trend": 16.699267, "fair_value": 17.39116, "relative_strength": -10.203243, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.719776, "energy": 15.880515, "activity_lines": [ 16.695333, 16.621382, 16.624648, 16.668211 ] }, { "date": "2025-03-28", "close": 16.296, "volume": 14731, "typical_volume": 42334.45, "trend": 16.703, "fair_value": 17.376955, "relative_strength": -10.587218, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.874849, "energy": 15.792196, "activity_lines": [ 16.5584, 16.590473, 16.581781, 16.642194 ] }, { "date": "2025-04-04", "close": 17.646, "volume": 80005, "typical_volume": 45583.4, "trend": 16.7112, "fair_value": 17.367352, "relative_strength": 7.911073, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.360364, "energy": 17.673781, "activity_lines": [ 16.885733, 16.7932, 16.669838, 16.703032 ] }, { "date": "2025-04-11", "close": 17.674, "volume": 93355, "typical_volume": 49451.8, "trend": 16.7292, "fair_value": 17.365032, "relative_strength": 9.727035, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.519122, "energy": 41.571566, "activity_lines": [ 17.176533, 16.967636, 16.759838, 16.765148 ] }, { "date": "2025-04-18", "close": 16.540001, "volume": 26992, "typical_volume": 50088.6, "trend": 16.731533, "fair_value": 17.355032, "relative_strength": -2.871697, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 29.408803, "energy": 29.038737, "activity_lines": [ 17.029067, 16.911891, 16.739029, 16.752942 ] }, { "date": "2025-04-25", "close": 16.724001, "volume": 25745, "typical_volume": 50018.5, "trend": 16.718267, "fair_value": 17.34784, "relative_strength": -5.386042, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 31.448599, "energy": 25.830585, "activity_lines": [ 16.959334, 16.894909, 16.738848, 16.752456 ] }, { "date": "2025-05-02", "close": 18.016001, "volume": 16372, "typical_volume": 49945.05, "trend": 16.789267, "fair_value": 17.354468, "relative_strength": -0.635612, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 63.150326, "energy": 43.65158, "activity_lines": [ 17.306001, 17.108473, 16.866, 16.836181 ] }, { "date": "2025-05-09", "close": 17.402, "volume": 39110, "typical_volume": 50678.5, "trend": 16.849933, "fair_value": 17.354455, "relative_strength": -6.473278, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.981605, "energy": 26.33649, "activity_lines": [ 17.333334, 17.183019, 16.929457, 16.875712 ] }, { "date": "2025-05-16", "close": 17.077999, "volume": 27358, "typical_volume": 51751.85, "trend": 16.847133, "fair_value": 17.35575, "relative_strength": -11.016612, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.81591, "energy": 27.980507, "activity_lines": [ 17.268933, 17.190582, 16.961714, 16.890426 ] }, { "date": "2025-05-23", "close": 16.822001, "volume": 16643, "typical_volume": 51520.4, "trend": 16.8612, "fair_value": 17.361404, "relative_strength": -9.558577, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 39.863329, "energy": 23.108968, "activity_lines": [ 17.158934, 17.146, 16.969419, 16.888804 ] }, { "date": "2025-05-30", "close": 17.292, "volume": 9191, "typical_volume": 44742.0, "trend": 16.8804, "fair_value": 17.374827, "relative_strength": -8.302854, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.247867, "energy": 19.234854, "activity_lines": [ 17.1868, 17.186218, 17.020562, 16.916598 ] }, { "date": "2025-06-06", "close": 16.122, "volume": 48731, "typical_volume": 39287.35, "trend": 16.858133, "fair_value": 17.379442, "relative_strength": -15.299756, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.510743, "energy": 9.113639, "activity_lines": [ 16.7868, 16.999491, 16.955276, 16.867669 ] }, { "date": "2025-06-13", "close": 14.322, "volume": 60664, "typical_volume": 37165.9, "trend": 16.7524, "fair_value": 17.365506, "relative_strength": -22.110153, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.070042, "energy": 54.451481, "activity_lines": [ 15.913067, 16.488655, 16.716295, 16.704047 ] }, { "date": "2025-06-20", "close": 13.774, "volume": 95507, "typical_volume": 38761.2, "trend": 16.642067, "fair_value": 17.347301, "relative_strength": -24.32299, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.833191, "energy": 77.392095, "activity_lines": [ 15.062, 15.938618, 16.43221, 16.511893 ] }, { "date": "2025-06-27", "close": 14.956, "volume": 54352, "typical_volume": 37869.05, "trend": 16.567533, "fair_value": 17.335301, "relative_strength": -18.564565, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.882411, "energy": 71.646547, "activity_lines": [ 14.8252, 15.6744, 16.272981, 16.403114 ] }, { "date": "2025-07-04", "close": 14.694, "volume": 40298, "typical_volume": 38352.7, "trend": 16.469867, "fair_value": 17.316365, "relative_strength": -19.52108, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.033465, "energy": 74.960966, "activity_lines": [ 14.625467, 15.391345, 16.097733, 16.282241 ] }, { "date": "2025-07-11", "close": 14.362, "volume": 33250, "typical_volume": 38640.35, "trend": 16.3846, "fair_value": 17.287929, "relative_strength": -21.975121, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.8727, "energy": 77.07453, "activity_lines": [ 14.488267, 15.084836, 15.899391, 16.14625 ] }, { "date": "2025-07-18", "close": 14.54, "volume": 67801, "typical_volume": 40548.5, "trend": 16.2916, "fair_value": 17.26525, "relative_strength": -21.158966, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.568809, "energy": 60.522118, "activity_lines": [ 14.527733, 14.877127, 15.728229, 16.027243 ] }, { "date": "2025-07-25", "close": 14.576, "volume": 9503, "typical_volume": 39361.3, "trend": 16.2094, "fair_value": 17.248135, "relative_strength": -21.357691, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.406034, "energy": 53.458757, "activity_lines": [ 14.564667, 14.728, 15.57201, 15.916559 ] }, { "date": "2025-08-01", "close": 14.442, "volume": 48624, "typical_volume": 41406.65, "trend": 16.139333, "fair_value": 17.217827, "relative_strength": -20.009663, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.524345, "energy": 47.022668, "activity_lines": [ 14.503467, 14.6, 15.413476, 15.802533 ] }, { "date": "2025-08-08", "close": 14.99, "volume": 111868, "typical_volume": 46005.0, "trend": 16.0976, "fair_value": 17.196263, "relative_strength": -19.826209, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.270004, "energy": 36.746042, "activity_lines": [ 14.6592, 14.614909, 15.318295, 15.728383 ] }, { "date": "2025-08-15", "close": 15.07, "volume": 21788, "typical_volume": 46357.85, "trend": 16.0784, "fair_value": 17.172019, "relative_strength": -20.911369, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.380632, "energy": 31.078211, "activity_lines": [ 14.821867, 14.686218, 15.237971, 15.662086 ] }, { "date": "2025-08-22", "close": 14.752, "volume": 11531, "typical_volume": 42934.15, "trend": 16.043133, "fair_value": 17.147327, "relative_strength": -23.325004, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.210679, "energy": 27.196158, "activity_lines": [ 14.831333, 14.718836, 15.1332, 15.576512 ] }, { "date": "2025-08-29", "close": 14.708, "volume": 23741, "typical_volume": 39453.45, "trend": 15.988267, "fair_value": 17.118096, "relative_strength": -21.117939, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.27898, "energy": 24.000282, "activity_lines": [ 14.812, 14.735636, 15.038019, 15.490374 ] }, { "date": "2025-09-05", "close": 15.194, "volume": 32959, "typical_volume": 39751.8, "trend": 15.933667, "fair_value": 17.089019, "relative_strength": -16.789492, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.890258, "energy": 20.459826, "activity_lines": [ 14.945867, 14.823818, 15.003248, 15.439131 ] }, { "date": "2025-09-12", "close": 14.762, "volume": 8842, "typical_volume": 38906.65, "trend": 15.876267, "fair_value": 17.06207, "relative_strength": -20.404152, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.886518, "energy": 25.265578, "activity_lines": [ 14.8856, 14.829127, 14.933743, 15.36354 ] }, { "date": "2025-09-19", "close": 14.896, "volume": 22381, "typical_volume": 39207.1, "trend": 15.822467, "fair_value": 17.017814, "relative_strength": -18.712343, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.299509, "energy": 22.86744, "activity_lines": [ 14.8852, 14.857564, 14.886343, 15.300297 ] }, { "date": "2025-09-26", "close": 14.126, "volume": 19794, "typical_volume": 38241.3, "trend": 15.728067, "fair_value": 16.972404, "relative_strength": -22.96449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.658679, "energy": 44.568631, "activity_lines": [ 14.639733, 14.736291, 14.780467, 15.190847 ] }, { "date": "2025-10-03", "close": 15.168, "volume": 28001, "typical_volume": 38273.45, "trend": 15.674667, "fair_value": 16.950263, "relative_strength": -18.003966, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.73434, "energy": 26.253228, "activity_lines": [ 14.783333, 14.812, 14.789429, 15.154714 ] }, { "date": "2025-10-10", "close": 15.808, "volume": 20876, "typical_volume": 38485.1, "trend": 15.642067, "fair_value": 16.925006, "relative_strength": -11.774714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.592723, "energy": 6.674716, "activity_lines": [ 15.1096, 14.993309, 14.868438, 15.163316 ] }, { "date": "2025-10-17", "close": 16.24, "volume": 29818, "typical_volume": 39516.45, "trend": 15.633067, "fair_value": 16.901929, "relative_strength": -8.326351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 17.390492, "energy": 32.141014, "activity_lines": [ 15.538933, 15.228327, 14.993419, 15.201893 ] }, { "date": "2025-10-24", "close": 15.162, "volume": 119782, "typical_volume": 43069.0, "trend": 15.595267, "fair_value": 16.878429, "relative_strength": -15.440357, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -1.71816, "energy": 21.340891, "activity_lines": [ 15.5104, 15.244618, 15.020743, 15.171501 ] }, { "date": "2025-10-31", "close": 15.478, "volume": 34723, "typical_volume": 41771.95, "trend": 15.523, "fair_value": 16.862622, "relative_strength": -14.572534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 17.047382, "energy": 30.580727, "activity_lines": [ 15.569467, 15.316691, 15.082733, 15.163936 ] }, { "date": "2025-11-07", "close": 15.594, "volume": 10706, "typical_volume": 37531.9, "trend": 15.453667, "fair_value": 16.848994, "relative_strength": -12.885353, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.391357, "energy": 31.442644, "activity_lines": [ 15.577067, 15.396655, 15.150267, 15.168516 ] }, { "date": "2025-11-14", "close": 15.386, "volume": 25931, "typical_volume": 36110.85, "trend": 15.4152, "fair_value": 16.823891, "relative_strength": -15.520764, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.166773, "energy": 14.703198, "activity_lines": [ 15.486933, 15.422691, 15.189324, 15.164151 ] }, { "date": "2025-11-21", "close": 16.167999, "volume": 26100, "typical_volume": 35400.95, "trend": 15.396667, "fair_value": 16.802673, "relative_strength": -7.892505, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.023053, "energy": 28.176005, "activity_lines": [ 15.6856, 15.587418, 15.300809, 15.212718 ] }, { "date": "2025-11-28", "close": 15.6, "volume": 38489, "typical_volume": 35662.9, "trend": 15.316133, "fair_value": 16.783455, "relative_strength": -11.916054, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.460208, "energy": 21.627428, "activity_lines": [ 15.699733, 15.623309, 15.351181, 15.225836 ] }, { "date": "2025-12-05", "close": 15.382, "volume": 15172, "typical_volume": 33031.45, "trend": 15.2488, "fair_value": 16.749974, "relative_strength": -12.669856, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.56696, "energy": 18.015129, "activity_lines": [ 15.612, 15.606763, 15.374895, 15.230086 ] }, { "date": "2025-12-12", "close": 15.936, "volume": 27304, "typical_volume": 33921.5, "trend": 15.210733, "fair_value": 16.723635, "relative_strength": -9.181607, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 59.014318, "energy": 41.288242, "activity_lines": [ 15.715333, 15.668109, 15.447362, 15.274421 ] }, { "date": "2025-12-19", "close": 16.167999, "volume": 22856, "typical_volume": 32633.1, "trend": 15.188933, "fair_value": 16.707865, "relative_strength": -9.766293, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.525082, "energy": 39.755309, "activity_lines": [ 15.8732, 15.757672, 15.535447, 15.336181 ] }, { "date": "2025-12-26", "close": 15.622, "volume": 1850, "typical_volume": 27132.2, "trend": 15.133267, "fair_value": 16.68875, "relative_strength": -11.889163, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.142504, "energy": 29.141912, "activity_lines": [ 15.796933, 15.741418, 15.563314, 15.36412 ] }, { "date": "2026-01-02", "close": 16.034, "volume": 5219, "typical_volume": 26303.75, "trend": 15.130333, "fair_value": 16.665609, "relative_strength": -10.525323, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.440783, "energy": 45.446238, "activity_lines": [ 15.8944, 15.811309, 15.627409, 15.422232 ] }, { "date": "2026-01-09", "close": 15.39, "volume": 23367, "typical_volume": 26895.55, "trend": 15.165933, "fair_value": 16.648109, "relative_strength": -14.239924, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.123061, "energy": 25.38455, "activity_lines": [ 15.748267, 15.748254, 15.625581, 15.438985 ] }, { "date": "2026-01-16", "close": 15.272, "volume": 47170, "typical_volume": 28067.0, "trend": 15.215867, "fair_value": 16.632071, "relative_strength": -14.638338, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.088242, "energy": 13.622361, "activity_lines": [ 15.562267, 15.665345, 15.609476, 15.445828 ] }, { "date": "2026-01-23", "close": 14.766, "volume": 43939, "typical_volume": 28616.0, "trend": 15.209533, "fair_value": 16.611635, "relative_strength": -15.236523, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": -7.995565, "energy": 16.14469, "activity_lines": [ 15.251867, 15.496291, 15.542495, 15.416804 ] }, { "date": "2026-01-30", "close": 13.53, "volume": 89461, "typical_volume": 32646.95, "trend": 15.170733, "fair_value": 16.575814, "relative_strength": -22.940685, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -49.675598, "energy": 60.187829, "activity_lines": [ 14.622933, 15.113782, 15.359838, 15.308447 ] }, { "date": "2026-02-06", "close": 13.9, "volume": 95981, "typical_volume": 36326.95, "trend": 15.155333, "fair_value": 16.547212, "relative_strength": -20.840327, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.791375, "energy": 69.139519, "activity_lines": [ 14.2568, 14.846509, 15.218286, 15.226464 ] }, { "date": "2026-02-13", "close": 14.084, "volume": 47402, "typical_volume": 37707.35, "trend": 15.140133, "fair_value": 16.514609, "relative_strength": -18.497143, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.128526, "energy": 68.600077, "activity_lines": [ 14.094267, 14.6436, 15.099, 15.157346 ] }, { "date": "2026-02-20", "close": 13.434, "volume": 86032, "typical_volume": 40608.9, "trend": 15.102067, "fair_value": 16.475981, "relative_strength": -23.457454, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.233195, "energy": 84.985336, "activity_lines": [ 13.802133, 14.346109, 14.918009, 15.047273 ] }, { "date": "2026-02-27", "close": 13.276, "volume": 163714, "typical_volume": 47750.8, "trend": 15.0632, "fair_value": 16.441865, "relative_strength": -24.936575, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.983839, "energy": 82.442738, "activity_lines": [ 13.579867, 14.065382, 14.730228, 14.929462 ] }, { "date": "2026-03-06", "close": 11.536, "volume": 360316, "typical_volume": 64275.7, "trend": 14.948067, "fair_value": 16.39375, "relative_strength": -29.631267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.960064, "energy": 92.973674, "activity_lines": [ 12.876933, 13.520873, 14.38879, 14.701901 ] }, { "date": "2026-03-13", "close": 9.173, "volume": 2032535, "typical_volume": 159913.35, "trend": 14.7515, "fair_value": 16.314635, "relative_strength": -43.589725, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -97.938624, "energy": 98.181377, "activity_lines": [ 11.519267, 12.621018, 13.844705, 14.329316 ] }, { "date": "2026-03-20", "close": 8.758, "volume": 1843769, "typical_volume": 250365.65, "trend": 14.5517, "fair_value": 16.236737, "relative_strength": -43.640795, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.934202, "energy": 97.887242, "activity_lines": [ 10.3384, 11.770455, 13.289614, 13.942639 ] }, { "date": "2026-03-27", "close": 8.685, "volume": 2017740, "typical_volume": 350717.35, "trend": 14.350933, "fair_value": 16.171321, "relative_strength": -44.150981, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.768202, "energy": 94.849031, "activity_lines": [ 9.488267, 11.0272, 12.759571, 13.564142 ] }, { "date": "2026-04-03", "close": 8.483, "volume": 2328566, "typical_volume": 465849.1, "trend": 14.127233, "fair_value": 16.113519, "relative_strength": -47.219786, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.320791, "energy": 92.224491, "activity_lines": [ 8.8874, 10.366982, 12.24319, 13.185566 ] }, { "date": "2026-04-10", "close": 8.604, "volume": 1563588, "typical_volume": 542723.5, "trend": 13.921967, "fair_value": 16.060263, "relative_strength": -47.731441, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.649808, "energy": 88.257726, "activity_lines": [ 8.6464, 9.843, 11.771205, 12.829228 ] }, { "date": "2026-04-17", "close": 9.212, "volume": 1601588, "typical_volume": 620878.45, "trend": 13.7325, "fair_value": 16.004635, "relative_strength": -44.645829, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.960728, "energy": 67.452966, "activity_lines": [ 8.803533, 9.519127, 11.393143, 12.525359 ] }, { "date": "2026-04-24", "close": 8.143, "volume": 1328741, "typical_volume": 686556.9, "trend": 13.533067, "fair_value": 15.940731, "relative_strength": -49.026808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.184259, "energy": 69.24011, "activity_lines": [ 8.601733, 9.086127, 10.94369, 12.164746 ] }, { "date": "2026-05-01", "close": 7.421, "volume": 1496846, "typical_volume": 760034.0, "trend": 13.274833, "fair_value": 15.864353, "relative_strength": -53.266611, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.754182, "energy": 70.878258, "activity_lines": [ 8.200267, 8.629873, 10.459948, 11.770419 ] }, { "date": "2026-05-08", "close": 7.842, "volume": 2310610, "typical_volume": 874421.7, "trend": 13.0093, "fair_value": 15.788212, "relative_strength": -50.848916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.629274, "energy": 66.422287, "activity_lines": [ 8.0234, 8.359491, 10.056848, 11.419914 ] }, { "date": "2026-05-15", "close": 7.313, "volume": 1057701, "typical_volume": 927214.25, "trend": 12.711733, "fair_value": 15.710192, "relative_strength": -53.248968, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.319214, "energy": 68.848983, "activity_lines": [ 7.712933, 8.091727, 9.643014, 11.052411 ] }, { "date": "2026-05-22", "close": 7.419, "volume": 1160768, "typical_volume": 984991.7, "trend": 12.453633, "fair_value": 15.634071, "relative_strength": -52.15142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.362854, "energy": 66.480247, "activity_lines": [ 7.523867, 7.920018, 9.278843, 10.710944 ] }, { "date": "2026-05-29", "close": 8.094, "volume": 2830902, "typical_volume": 1125368.45, "trend": 12.2075, "fair_value": 15.560917, "relative_strength": -47.477245, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.722768, "energy": 62.625358, "activity_lines": [ 7.679333, 7.902927, 9.019981, 10.429677 ] }, { "date": "2026-06-05", "close": 7.865, "volume": 214560, "typical_volume": 1133737.95, "trend": 11.949867, "fair_value": 15.486462, "relative_strength": -48.039093, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.761115, "energy": 60.853098, "activity_lines": [ 7.761733, 7.856273, 8.774052, 10.149516 ] }, { "date": "2026-06-12", "close": 8.257, "volume": 1115030, "typical_volume": 1187292.5, "trend": 11.712233, "fair_value": 15.416288, "relative_strength": -46.460137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.104209, "energy": 54.108536, "activity_lines": [ 7.9452, 7.8958, 8.600729, 9.911267 ] }, { "date": "2026-06-19", "close": 8.966, "volume": 394538, "typical_volume": 1202546.35, "trend": 11.472167, "fair_value": 15.346788, "relative_strength": -42.682299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.18326, "energy": 39.397424, "activity_lines": [ 8.337333, 8.068345, 8.525924, 9.73409 ] }, { "date": "2026-06-26", "close": 9.906, "volume": 315399, "typical_volume": 1213517.25, "trend": 11.282367, "fair_value": 15.286994, "relative_strength": -33.930423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.256066, "energy": 26.161466, "activity_lines": [ 8.9326, 8.405218, 8.562376, 9.633047 ] }, { "date": "2026-07-03", "close": 9.877, "volume": 40139, "typical_volume": 1213154.1, "trend": 11.098867, "fair_value": 15.230974, "relative_strength": -35.279574, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.563653, "energy": 24.954315, "activity_lines": [ 9.3524, 8.7242, 8.615086, 9.542378 ] }, { "date": "2026-07-10", "close": 9.483, "volume": 937103, "typical_volume": 1255707.65, "trend": 10.883767, "fair_value": 15.179788, "relative_strength": -36.870807, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.624816, "energy": 28.527955, "activity_lines": [ 9.522, 8.940018, 8.650305, 9.438129 ] }, { "date": "2026-07-17", "close": 8.364, "volume": 774288, "typical_volume": 1286236.35, "trend": 10.623633, "fair_value": 15.121481, "relative_strength": -42.765504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.175345, "energy": 25.33094, "activity_lines": [ 9.210733, 8.914891, 8.597767, 9.275563 ] }, { "date": "2026-07-24", "close": 7.901, "volume": 1841175, "typical_volume": 1360279.3, "trend": 10.366267, "fair_value": 15.064141, "relative_strength": -45.080198, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.915569, "energy": 27.578143, "activity_lines": [ 8.738, 8.796091, 8.524524, 9.09991 ] }, { "date": "2026-07-31", "close": 7.951, "volume": 1502284, "typical_volume": 1333766.75, "trend": 10.096833, "fair_value": 15.010365, "relative_strength": -44.319176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.61126, "energy": 42.144388, "activity_lines": [ 8.352933, 8.675691, 8.473352, 8.944086 ] }, { "date": "2026-08-07", "close": 8.4, "volume": 1569783, "typical_volume": 1320067.45, "trend": 9.863833, "fair_value": 14.959827, "relative_strength": -42.035821, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.291703, "energy": 42.32615, "activity_lines": [ 8.247867, 8.627255, 8.470762, 8.834613 ] } ], "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." } } }