{ "ticker": { "uuid": "735022af-828c-497d-9236-3fe31c814d2c", "symbol": "MTVS", "name": "L&G Metaverse ETF USD Acc", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 31.195, "architecture_energy": 29.717, "architecture_maturity": 75.602, "architecture_confidence": 95.63, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 47.66, "rotation_up": 19.51, "upward_expansion": 55.44, "deceleration": 94.0, "rotation_down": 34.43, "downward_expansion": 21.44 }, "activity_lines": [ 34.299, 35.335637, 34.761048, 32.555602 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 35.02, "trend_reference": 29.614667, "distance_from_trend": 0.182522, "trend_direction": "Improving", "fair_value": 18.932263, "distance_from_fair_value": 0.849752, "fair_value_direction": "Weakening", "relative_strength": 18.056964, "relative_strength_direction": "Weakening", "price_momentum": 0.543071, "excess_performance": 0.372179, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.182522, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.196101, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.849752, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.090556, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.18057, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.189734, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.543071, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.824559, "read": "Demand-led" } ], "volume": { "latest": 1531, "relative_activity": 0.583094, "balance": 1.824559, "dry_up": 0.928722, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.067214, "annualized_volatility": 0.344591, "from_high_reference": -0.109133, "from_low_reference": 0.949672 }, "levels": { "trend_reference": 29.614667, "fair_value_reference": 18.932263, "structural_low": 22.75, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 5, "median_return": 0.055925, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.048889, "regime_survival": 0.4, "best_return": 0.093821, "worst_return": -0.012129, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.07632, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.061523, "regime_survival": 0.0, "best_return": 0.117119, "worst_return": 0.048735, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.42056, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.338513, "regime_survival": 0.0, "best_return": 0.704635, "worst_return": 0.136485, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.058455, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.148908, "regime_survival": 0.0, "best_return": -0.058455, "worst_return": -0.058455, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-15", "end": "2024-04-19", "tenure": "Developing", "return": -0.04171, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-05-31", "tenure": "Developing", "return": 0.060852, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-07", "end": "2024-07-26", "tenure": "Developing", "return": -0.017833, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-02", "end": "2024-08-16", "tenure": "New", "return": 0.047399, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-23", "end": "2024-09-13", "tenure": "New", "return": -0.014782, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-20", "end": "2024-10-18", "tenure": "Developing", "return": 0.089781, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-25", "end": "2025-02-28", "tenure": "Established", "return": 0.019098, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.131868, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-06-06", "tenure": "Developing", "return": 0.21896, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-08-15", "tenure": "Developing", "return": 0.100933, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2025-11-28", "tenure": "Established", "return": 0.174284, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-05", "end": "2026-01-09", "tenure": "Developing", "return": 0.044731, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-07-17", "tenure": "Extended", "return": 0.444878, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.011846, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 11.006, "volume": 1057, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 11.2, "volume": 300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 11.912, "volume": 740, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 11.816, "volume": 970, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 11.748, "volume": 166, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 11.748, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 11.598, "volume": 140, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 11.598, "volume": 3258, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 11.892, "volume": 2685, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 11.344, "volume": 3870, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 11.484, "volume": 3741, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 11.82, "volume": 294, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 12.208, "volume": 1600, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 12.276, "volume": 822, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 12.446, "volume": 1715, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 12.612, "volume": 16823, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 12.646, "volume": 1339, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 13.448, "volume": 2440, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 13.452, "volume": 7096, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 13.536, "volume": 1290, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 13.148, "volume": 1636, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 13.5, "volume": 2982, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 14.082, "volume": 1317, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 14.564, "volume": 2958, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 14.756, "volume": 1544, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 15.318, "volume": 2612, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-16", "close": 15.208, "volume": 6325, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 15.112, "volume": 12742, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 15.686, "volume": 1984, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 15.942, "volume": 12888, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 15.296, "volume": 3063, "typical_volume": 4173.5, "trend": 13.1132, "fair_value": 11.155812, "relative_strength": 7.404158, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.572098, "energy": 66.597955, "activity_lines": [ 15.515867, 15.271418, 14.530514, 13.894662 ] }, { "date": "2024-03-22", "close": 15.828, "volume": 3744, "typical_volume": 4346.0, "trend": 13.267467, "fair_value": 11.213494, "relative_strength": 9.475639, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.879319, "energy": 68.785038, "activity_lines": [ 15.642267, 15.431709, 14.718629, 14.069811 ] }, { "date": "2024-03-29", "close": 15.866, "volume": 1959, "typical_volume": 4363.95, "trend": 13.399267, "fair_value": 11.270232, "relative_strength": 8.082758, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.874566, "energy": 66.650021, "activity_lines": [ 15.74, 15.556582, 14.891276, 14.237458 ] }, { "date": "2024-04-05", "close": 15.624, "volume": 1519, "typical_volume": 4398.8, "trend": 13.5262, "fair_value": 11.322687, "relative_strength": 8.296179, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.81286, "energy": 60.679951, "activity_lines": [ 15.7068, 15.605018, 15.023457, 14.380989 ] }, { "date": "2024-04-12", "close": 15.706, "volume": 1733, "typical_volume": 4399.7, "trend": 13.658133, "fair_value": 11.374869, "relative_strength": 9.145893, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.471985, "energy": 58.212468, "activity_lines": [ 15.705067, 15.649091, 15.147505, 14.521622 ] }, { "date": "2024-04-19", "close": 14.658, "volume": 3220, "typical_volume": 3719.55, "trend": 13.755133, "fair_value": 11.413494, "relative_strength": 1.07079, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.739916, "energy": 38.009717, "activity_lines": [ 15.369733, 15.485345, 15.156219, 14.586129 ] }, { "date": "2024-04-26", "close": 15.02, "volume": 1783, "typical_volume": 3741.75, "trend": 13.8692, "fair_value": 11.45543, "relative_strength": 2.20503, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.349809, "energy": 25.070931, "activity_lines": [ 15.1976, 15.399418, 15.189667, 14.667733 ] }, { "date": "2024-05-03", "close": 14.908, "volume": 1834, "typical_volume": 3711.45, "trend": 13.979533, "fair_value": 11.495115, "relative_strength": 2.877666, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.684305, "energy": 24.819694, "activity_lines": [ 15.042, 15.296545, 15.201143, 14.734753 ] }, { "date": "2024-05-10", "close": 15.24, "volume": 4916, "typical_volume": 3602.45, "trend": 14.091133, "fair_value": 11.53767, "relative_strength": 1.667527, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.420457, "energy": 24.478807, "activity_lines": [ 15.060933, 15.257745, 15.237286, 14.816073 ] }, { "date": "2024-05-17", "close": 15.682, "volume": 774, "typical_volume": 3576.65, "trend": 14.235733, "fair_value": 11.584236, "relative_strength": 2.137558, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.871027, "energy": 25.658812, "activity_lines": [ 15.2528, 15.307418, 15.30701, 14.91871 ] }, { "date": "2024-05-24", "close": 15.86, "volume": 617, "typical_volume": 3525.7, "trend": 14.3816, "fair_value": 11.631744, "relative_strength": 5.775468, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.527589, "energy": 41.570155, "activity_lines": [ 15.5056, 15.394182, 15.383467, 15.023501 ] }, { "date": "2024-05-31", "close": 15.934, "volume": 856, "typical_volume": 3419.4, "trend": 14.518733, "fair_value": 11.679022, "relative_strength": 6.111162, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 67.098828, "energy": 57.300819, "activity_lines": [ 15.702933, 15.484145, 15.454057, 15.123656 ] }, { "date": "2024-06-07", "close": 16.038, "volume": 981, "typical_volume": 3402.6, "trend": 14.6464, "fair_value": 11.726402, "relative_strength": 6.085498, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.946718, "energy": 69.847487, "activity_lines": [ 15.874, 15.591091, 15.522962, 15.221673 ] }, { "date": "2024-06-14", "close": 16.952, "volume": 746, "typical_volume": 3292.0, "trend": 14.802267, "fair_value": 11.782591, "relative_strength": 18.503447, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.120988, "energy": 83.526942, "activity_lines": [ 16.2744, 15.861091, 15.6696, 15.370422 ] }, { "date": "2024-06-21", "close": 17.348, "volume": 541, "typical_volume": 3241.85, "trend": 14.965667, "fair_value": 11.841798, "relative_strength": 18.397829, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.077832, "energy": 92.19805, "activity_lines": [ 16.692667, 16.178945, 15.842581, 15.534662 ] }, { "date": "2024-06-28", "close": 16.969999, "volume": 1170, "typical_volume": 3169.75, "trend": 15.110933, "fair_value": 11.895779, "relative_strength": 15.876051, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.317356, "energy": 86.043425, "activity_lines": [ 16.873866, 16.398218, 15.967219, 15.663974 ] }, { "date": "2024-07-05", "close": 17.216, "volume": 795, "typical_volume": 2893.25, "trend": 15.263267, "fair_value": 11.951198, "relative_strength": 14.222884, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.063959, "energy": 88.310864, "activity_lines": [ 17.063066, 16.620182, 16.107419, 15.799785 ] }, { "date": "2024-07-12", "close": 17.360001, "volume": 1645, "typical_volume": 2338.4, "trend": 15.393667, "fair_value": 12.006959, "relative_strength": 12.786984, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.646018, "energy": 86.83242, "activity_lines": [ 17.2148, 16.8284, 16.251771, 15.935058 ] }, { "date": "2024-07-19", "close": 16.322001, "volume": 800, "typical_volume": 2279.2, "trend": 15.489333, "fair_value": 12.05099, "relative_strength": 6.871503, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.231919, "energy": 54.589131, "activity_lines": [ 16.9324, 16.803309, 16.286562, 15.994951 ] }, { "date": "2024-07-26", "close": 15.752, "volume": 4646, "typical_volume": 1867.1, "trend": 15.5632, "fair_value": 12.088374, "relative_strength": 4.116026, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.397664, "energy": 27.855472, "activity_lines": [ 16.502, 16.654909, 16.264038, 16.011897 ] }, { "date": "2024-08-02", "close": 14.726, "volume": 894, "typical_volume": 1758.65, "trend": 15.6158, "fair_value": 12.11475, "relative_strength": 2.580639, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -3.324173, "energy": 20.694429, "activity_lines": [ 15.836, 16.318691, 16.144705, 15.957884 ] }, { "date": "2024-08-09", "close": 14.812, "volume": 4751, "typical_volume": 1809.0, "trend": 15.659533, "fair_value": 12.141455, "relative_strength": 3.709117, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.000164, "energy": 40.077726, "activity_lines": [ 15.348267, 16.018727, 16.036276, 15.906026 ] }, { "date": "2024-08-16", "close": 15.424, "volume": 710, "typical_volume": 1746.55, "trend": 15.704267, "fair_value": 12.173637, "relative_strength": 3.567232, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.010203, "energy": 37.115529, "activity_lines": [ 15.2248, 15.850437, 15.990972, 15.89083 ] }, { "date": "2024-08-23", "close": 15.83, "volume": 5829, "typical_volume": 1962.05, "trend": 15.746467, "fair_value": 12.209136, "relative_strength": 4.043946, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.406651, "energy": 32.267148, "activity_lines": [ 15.365733, 15.767127, 15.986438, 15.898942 ] }, { "date": "2024-08-30", "close": 15.79, "volume": 1620, "typical_volume": 1956.4, "trend": 15.780933, "fair_value": 12.243567, "relative_strength": 1.410082, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.640879, "energy": 20.604417, "activity_lines": [ 15.526133, 15.696946, 15.977114, 15.901751 ] }, { "date": "2024-09-06", "close": 14.68, "volume": 5411, "typical_volume": 2065.95, "trend": 15.759667, "fair_value": 12.266771, "relative_strength": -2.74721, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -32.4303, "energy": 24.51512, "activity_lines": [ 15.314, 15.453273, 15.861676, 15.830723 ] }, { "date": "2024-09-13", "close": 15.596, "volume": 508, "typical_volume": 2002.2, "trend": 15.7726, "fair_value": 12.298179, "relative_strength": 2.216961, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.861307, "energy": 13.502674, "activity_lines": [ 15.410267, 15.417782, 15.833371, 15.820163 ] }, { "date": "2024-09-20", "close": 15.638, "volume": 1169, "typical_volume": 1968.95, "trend": 15.790133, "fair_value": 12.329393, "relative_strength": 1.679301, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.093164, "energy": 13.042025, "activity_lines": [ 15.468267, 15.419382, 15.806324, 15.81148 ] }, { "date": "2024-09-27", "close": 16.132, "volume": 325, "typical_volume": 1739.4, "trend": 15.805, "fair_value": 12.364602, "relative_strength": 1.745123, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 3.022545, "energy": 6.458254, "activity_lines": [ 15.676667, 15.542109, 15.822848, 15.833536 ] }, { "date": "2024-10-04", "close": 16.114, "volume": 837, "typical_volume": 1742.55, "trend": 15.810733, "fair_value": 12.399, "relative_strength": 4.782792, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.575317, "energy": 12.955141, "activity_lines": [ 15.858933, 15.665018, 15.83341, 15.853471 ] }, { "date": "2024-10-11", "close": 16.712, "volume": 1151, "typical_volume": 1769.25, "trend": 15.857933, "fair_value": 12.438209, "relative_strength": 6.115661, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.027091, "energy": 31.635754, "activity_lines": [ 16.218933, 15.890073, 15.898867, 15.911617 ] }, { "date": "2024-10-18", "close": 17.042, "volume": 4382, "typical_volume": 1945.55, "trend": 15.8984, "fair_value": 12.479685, "relative_strength": 5.151066, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 72.176836, "energy": 60.17485, "activity_lines": [ 16.553467, 16.139018, 15.991695, 15.988009 ] }, { "date": "2024-10-25", "close": 17.07, "volume": 1225, "typical_volume": 1957.75, "trend": 15.938533, "fair_value": 12.52067, "relative_strength": 6.309253, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.160717, "energy": 71.537762, "activity_lines": [ 16.800933, 16.352509, 16.081914, 16.063596 ] }, { "date": "2024-11-01", "close": 16.486, "volume": 1527, "typical_volume": 1996.8, "trend": 15.967267, "fair_value": 12.555761, "relative_strength": 2.697853, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.403651, "energy": 68.618936, "activity_lines": [ 16.758267, 16.429891, 16.1116, 16.098916 ] }, { "date": "2024-11-08", "close": 17.365999, "volume": 3824, "typical_volume": 2160.95, "trend": 16.0226, "fair_value": 12.597956, "relative_strength": 10.536246, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.60383, "energy": 76.835448, "activity_lines": [ 16.985333, 16.655345, 16.227314, 16.189157 ] }, { "date": "2024-11-15", "close": 17.01, "volume": 971, "typical_volume": 2151.0, "trend": 16.101, "fair_value": 12.636322, "relative_strength": 6.723574, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.667404, "energy": 65.228303, "activity_lines": [ 17.010266, 16.787418, 16.309038, 16.25286 ] }, { "date": "2024-11-22", "close": 17.684, "volume": 2351, "typical_volume": 2228.8, "trend": 16.1898, "fair_value": 12.679836, "relative_strength": 12.772272, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.641315, "energy": 72.729866, "activity_lines": [ 17.24, 16.999673, 16.454762, 16.354989 ] }, { "date": "2024-11-29", "close": 17.181999, "volume": 1616, "typical_volume": 2227.35, "trend": 16.2656, "fair_value": 12.718316, "relative_strength": 9.416261, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.470393, "energy": 65.485432, "activity_lines": [ 17.2596, 17.082691, 16.550447, 16.419002 ] }, { "date": "2024-12-06", "close": 18.184, "volume": 663, "typical_volume": 2220.5, "trend": 16.363733, "fair_value": 12.764636, "relative_strength": 10.861479, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.734959, "energy": 78.373675, "activity_lines": [ 17.605733, 17.319818, 16.742409, 16.54277 ] }, { "date": "2024-12-13", "close": 18.212, "volume": 1031, "typical_volume": 2039.75, "trend": 16.448067, "fair_value": 12.810412, "relative_strength": 10.233896, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.300605, "energy": 86.330721, "activity_lines": [ 17.848, 17.524727, 16.928171, 16.662013 ] }, { "date": "2024-12-20", "close": 17.944, "volume": 1559, "typical_volume": 2073.0, "trend": 16.517533, "fair_value": 12.853192, "relative_strength": 11.823278, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.776285, "energy": 70.69352, "activity_lines": [ 17.944533, 17.642763, 17.076695, 16.758525 ] }, { "date": "2024-12-27", "close": 18.002001, "volume": 280, "typical_volume": 1849.45, "trend": 16.586467, "fair_value": 12.895744, "relative_strength": 10.52524, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.798551, "energy": 75.511181, "activity_lines": [ 17.998134, 17.748945, 17.215419, 16.854297 ] }, { "date": "2025-01-03", "close": 18.218, "volume": 104, "typical_volume": 1819.15, "trend": 16.659133, "fair_value": 12.939369, "relative_strength": 11.50129, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.701976, "energy": 68.682165, "activity_lines": [ 18.102534, 17.876945, 17.359524, 16.959557 ] }, { "date": "2025-01-10", "close": 17.99, "volume": 808, "typical_volume": 1568.1, "trend": 16.693733, "fair_value": 12.980431, "relative_strength": 6.788552, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.232941, "energy": 53.454485, "activity_lines": [ 18.061867, 17.942618, 17.468609, 17.045419 ] }, { "date": "2025-01-17", "close": 18.530001, "volume": 539, "typical_volume": 1514.05, "trend": 16.733133, "fair_value": 13.025185, "relative_strength": 6.225949, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.098604, "energy": 57.847022, "activity_lines": [ 18.214134, 18.079128, 17.618838, 17.163888 ] }, { "date": "2025-01-24", "close": 18.808001, "volume": 482, "typical_volume": 1267.6, "trend": 16.7944, "fair_value": 13.071448, "relative_strength": 7.846118, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.946003, "energy": 62.183575, "activity_lines": [ 18.437867, 18.245019, 17.782495, 17.297751 ] }, { "date": "2025-01-31", "close": 17.848, "volume": 3293, "typical_volume": 1406.85, "trend": 16.815467, "fair_value": 13.109357, "relative_strength": 1.544537, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.296685, "energy": 48.119238, "activity_lines": [ 18.284, 18.203673, 17.835067, 17.365725 ] }, { "date": "2025-02-07", "close": 18.586, "volume": 863, "typical_volume": 1391.55, "trend": 16.856333, "fair_value": 13.15248, "relative_strength": 4.035669, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.835458, "energy": 53.211832, "activity_lines": [ 18.3864, 18.293528, 17.9472, 17.479953 ] }, { "date": "2025-02-14", "close": 18.684, "volume": 1667, "typical_volume": 1458.65, "trend": 16.935067, "fair_value": 13.195695, "relative_strength": 1.993523, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.278124, "energy": 52.62065, "activity_lines": [ 18.496934, 18.375673, 18.054629, 17.597867 ] }, { "date": "2025-02-21", "close": 18.736, "volume": 1454, "typical_volume": 1489.5, "trend": 17.034533, "fair_value": 13.238643, "relative_strength": 0.995339, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.557953, "energy": 50.044891, "activity_lines": [ 18.578533, 18.458182, 18.154857, 17.714056 ] }, { "date": "2025-02-28", "close": 17.396, "volume": 715, "typical_volume": 1467.7, "trend": 17.123533, "fair_value": 13.270623, "relative_strength": -6.697949, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.299997, "energy": 25.90079, "activity_lines": [ 18.199733, 18.287527, 18.114981, 17.737376 ] }, { "date": "2025-03-07", "close": 16.016001, "volume": 3061, "typical_volume": 1401.65, "trend": 17.163667, "fair_value": 13.29158, "relative_strength": -13.747391, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -18.624788, "energy": 25.388375, "activity_lines": [ 17.455067, 17.875928, 17.940419, 17.665923 ] }, { "date": "2025-03-14", "close": 15.99, "volume": 1507, "typical_volume": 1415.75, "trend": 17.182533, "fair_value": 13.312023, "relative_strength": -13.89814, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.958773, "energy": 49.330635, "activity_lines": [ 16.823867, 17.495709, 17.768267, 17.590202 ] }, { "date": "2025-03-21", "close": 16.285999, "volume": 154, "typical_volume": 1347.1, "trend": 17.197733, "fair_value": 13.334383, "relative_strength": -13.008158, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.089468, "energy": 67.527037, "activity_lines": [ 16.4644, 17.209818, 17.629448, 17.532361 ] }, { "date": "2025-03-28", "close": 16.066, "volume": 1405, "typical_volume": 1226.15, "trend": 17.206933, "fair_value": 13.354769, "relative_strength": -13.379992, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.823621, "energy": 73.292766, "activity_lines": [ 16.191467, 16.914909, 17.470629, 17.459346 ] }, { "date": "2025-04-04", "close": 13.786, "volume": 1279, "typical_volume": 1241.55, "trend": 17.177133, "fair_value": 13.357963, "relative_strength": -16.693165, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -69.039314, "energy": 87.673159, "activity_lines": [ 15.336533, 16.250255, 17.100857, 17.238641 ] }, { "date": "2025-04-11", "close": 13.904, "volume": 1319, "typical_volume": 1189.95, "trend": 17.120733, "fair_value": 13.361978, "relative_strength": -14.25147, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -86.618486, "energy": 92.221758, "activity_lines": [ 14.7616, 15.698364, 16.757676, 17.027471 ] }, { "date": "2025-04-18", "close": 13.692, "volume": 189, "typical_volume": 1118.6, "trend": 17.055867, "fair_value": 13.364387, "relative_strength": -19.973508, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.069128, "energy": 90.180882, "activity_lines": [ 14.2568, 15.179636, 16.412305, 16.806262 ] }, { "date": "2025-04-25", "close": 14.142, "volume": 173, "typical_volume": 1094.1, "trend": 16.989533, "fair_value": 13.370022, "relative_strength": -20.177633, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.905699, "energy": 83.796206, "activity_lines": [ 14.0552, 14.831709, 16.12641, 16.618271 ] }, { "date": "2025-05-02", "close": 14.142, "volume": 0, "typical_volume": 1042.55, "trend": 16.9238, "fair_value": 13.375576, "relative_strength": -21.983491, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.291061, "energy": 78.829067, "activity_lines": [ 13.996533, 14.566364, 15.859762, 16.434559 ] }, { "date": "2025-05-09", "close": 15.412, "volume": 1073, "typical_volume": 1018.25, "trend": 16.880467, "fair_value": 13.390121, "relative_strength": -17.064835, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.294484, "energy": 56.796069, "activity_lines": [ 14.489467, 14.615455, 15.733448, 16.337024 ] }, { "date": "2025-05-16", "close": 16.666, "volume": 26, "typical_volume": 1005.55, "trend": 16.867933, "fair_value": 13.413355, "relative_strength": -13.036389, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.261982, "energy": 25.851007, "activity_lines": [ 15.292, 14.928618, 15.738619, 16.323187 ] }, { "date": "2025-05-23", "close": 16.466, "volume": 1295, "typical_volume": 1065.1, "trend": 16.8478, "fair_value": 13.434852, "relative_strength": -11.355026, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.748429, "energy": 27.380467, "activity_lines": [ 15.843733, 15.1936, 15.731105, 16.297256 ] }, { "date": "2025-05-30", "close": 16.368, "volume": 1401, "typical_volume": 1094.75, "trend": 16.843867, "fair_value": 13.455364, "relative_strength": -13.037207, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.756064, "energy": 29.792462, "activity_lines": [ 16.177867, 15.432109, 15.7226, 16.266301 ] }, { "date": "2025-06-06", "close": 16.690001, "volume": 156, "typical_volume": 1075.6, "trend": 16.821333, "fair_value": 13.477826, "relative_strength": -12.265532, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -5.175893, "energy": 27.676053, "activity_lines": [ 16.470934, 15.727673, 15.752486, 16.256374 ] }, { "date": "2025-06-13", "close": 16.724001, "volume": 415, "typical_volume": 1072.25, "trend": 16.8118, "fair_value": 13.500214, "relative_strength": -9.14039, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 5.024364, "energy": 25.890218, "activity_lines": [ 16.605467, 16.018073, 15.794372, 16.250095 ] }, { "date": "2025-06-20", "close": 16.950001, "volume": 12, "typical_volume": 908.2, "trend": 16.787333, "fair_value": 13.523843, "relative_strength": -7.084474, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "down", "direction": 10.917956, "energy": 27.153043, "activity_lines": [ 16.727867, 16.296146, 15.867705, 16.259011 ] }, { "date": "2025-06-27", "close": 17.540001, "volume": 91, "typical_volume": 869.6, "trend": 16.799267, "fair_value": 13.551163, "relative_strength": -4.808963, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.762921, "energy": 50.58405, "activity_lines": [ 17.028001, 16.62611, 16.001505, 16.30757 ] }, { "date": "2025-07-04", "close": 17.506001, "volume": 49, "typical_volume": 788.7, "trend": 16.776667, "fair_value": 13.577885, "relative_strength": -4.4493, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.967531, "energy": 63.741233, "activity_lines": [ 17.245201, 16.879928, 16.137048, 16.353166 ] }, { "date": "2025-07-11", "close": 17.732, "volume": 349, "typical_volume": 733.45, "trend": 16.760667, "fair_value": 13.605765, "relative_strength": -4.079302, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.882635, "energy": 76.477232, "activity_lines": [ 17.461867, 17.113673, 16.299724, 16.4148 ] }, { "date": "2025-07-18", "close": 18.152, "volume": 141, "typical_volume": 704.75, "trend": 16.7676, "fair_value": 13.636073, "relative_strength": -2.268348, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 57.792512, "energy": 83.098075, "activity_lines": [ 17.749067, 17.35851, 16.507181, 16.504564 ] }, { "date": "2025-07-25", "close": 17.927999, "volume": 5462, "typical_volume": 824.8, "trend": 16.765134, "fair_value": 13.664497, "relative_strength": -4.353176, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.455532, "energy": 78.050383, "activity_lines": [ 17.8664, 17.5128, 16.689705, 16.579428 ] }, { "date": "2025-08-01", "close": 17.93, "volume": 712, "typical_volume": 785.05, "trend": 16.755534, "fair_value": 13.692559, "relative_strength": -2.422383, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.434785, "energy": 72.861853, "activity_lines": [ 17.9192, 17.644509, 16.863315, 16.654581 ] }, { "date": "2025-08-08", "close": 18.004, "volume": 306, "typical_volume": 792.65, "trend": 16.756, "fair_value": 13.720739, "relative_strength": -5.844737, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.827212, "energy": 68.167818, "activity_lines": [ 17.970666, 17.763055, 17.034734, 16.735127 ] }, { "date": "2025-08-15", "close": 18.412001, "volume": 81, "typical_volume": 726.45, "trend": 16.752067, "fair_value": 13.751201, "relative_strength": -5.897703, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.336057, "energy": 87.087864, "activity_lines": [ 18.124934, 17.926037, 17.236829, 16.841966 ] }, { "date": "2025-08-22", "close": 18.16, "volume": 367, "typical_volume": 680.85, "trend": 16.730467, "fair_value": 13.779645, "relative_strength": -8.395132, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.218418, "energy": 71.295014, "activity_lines": [ 18.149867, 18.011891, 17.403753, 16.9328 ] }, { "date": "2025-08-29", "close": 18.252001, "volume": 173, "typical_volume": 623.55, "trend": 16.743934, "fair_value": 13.808314, "relative_strength": -5.393774, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.984451, "energy": 76.85555, "activity_lines": [ 18.204934, 18.088364, 17.55861, 17.030964 ] }, { "date": "2025-09-05", "close": 18.146, "volume": 199, "typical_volume": 624.05, "trend": 16.729267, "fair_value": 13.860071, "relative_strength": -4.594581, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.787605, "energy": 62.813582, "activity_lines": [ 18.203067, 18.121891, 17.682667, 17.12142 ] }, { "date": "2025-09-12", "close": 19.274, "volume": 187, "typical_volume": 624.75, "trend": 16.748934, "fair_value": 13.919058, "relative_strength": -0.895414, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.504953, "energy": 72.249471, "activity_lines": [ 18.5628, 18.349491, 17.892943, 17.285596 ] }, { "date": "2025-09-19", "close": 19.774, "volume": 180, "typical_volume": 633.75, "trend": 16.783534, "fair_value": 13.988295, "relative_strength": 2.268004, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.057186, "energy": 86.292425, "activity_lines": [ 19.004533, 18.635855, 18.1264, 17.480762 ] }, { "date": "2025-09-26", "close": 19.82, "volume": 285, "typical_volume": 594.35, "trend": 16.864334, "fair_value": 14.057077, "relative_strength": 1.702155, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.796015, "energy": 93.755352, "activity_lines": [ 19.3708, 18.893455, 18.337419, 17.676663 ] }, { "date": "2025-10-03", "close": 20.475, "volume": 226, "typical_volume": 604.35, "trend": 17.012967, "fair_value": 14.129814, "relative_strength": 3.604419, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.795449, "energy": 96.315623, "activity_lines": [ 19.844733, 19.239818, 18.589829, 17.909609 ] }, { "date": "2025-10-10", "close": 21.540001, "volume": 1093, "typical_volume": 594.25, "trend": 17.197967, "fair_value": 14.212942, "relative_strength": 12.011229, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.926949, "energy": 97.898585, "activity_lines": [ 20.525467, 19.733509, 18.925529, 18.201676 ] }, { "date": "2025-10-17", "close": 20.889999, "volume": 579, "typical_volume": 553.15, "trend": 17.351434, "fair_value": 14.29175, "relative_strength": 9.311213, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.928614, "energy": 90.515191, "activity_lines": [ 20.763267, 20.043382, 19.175162, 18.439871 ] }, { "date": "2025-10-24", "close": 21.475, "volume": 816, "typical_volume": 586.15, "trend": 17.531734, "fair_value": 14.373122, "relative_strength": 10.376561, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.971903, "energy": 90.141838, "activity_lines": [ 21.088333, 20.407145, 19.458976, 18.705908 ] }, { "date": "2025-10-31", "close": 22.74, "volume": 7590, "typical_volume": 944.9, "trend": 17.8302, "fair_value": 14.46418, "relative_strength": 14.768819, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.982925, "energy": 89.392473, "activity_lines": [ 21.721667, 20.945218, 19.840481, 19.041925 ] }, { "date": "2025-11-07", "close": 21.805, "volume": 857, "typical_volume": 987.15, "trend": 18.093567, "fair_value": 14.546212, "relative_strength": 10.734236, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.245417, "energy": 68.106873, "activity_lines": [ 21.848667, 21.230018, 20.104291, 19.298364 ] }, { "date": "2025-11-14", "close": 21.73, "volume": 2413, "typical_volume": 1103.25, "trend": 18.3615, "fair_value": 14.627077, "relative_strength": 7.66799, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.574402, "energy": 66.952139, "activity_lines": [ 21.862, 21.436582, 20.337838, 19.532972 ] }, { "date": "2025-11-21", "close": 20.52, "volume": 1413, "typical_volume": 1171.45, "trend": 18.5741, "fair_value": 14.700212, "relative_strength": 5.056349, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.500065, "energy": 61.670834, "activity_lines": [ 21.459333, 21.357982, 20.436195, 19.67223 ] }, { "date": "2025-11-28", "close": 21.325001, "volume": 399, "typical_volume": 1173.95, "trend": 18.813534, "fair_value": 14.777564, "relative_strength": 7.52859, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.016226, "energy": 45.880654, "activity_lines": [ 21.349667, 21.403091, 20.596867, 19.849708 ] }, { "date": "2025-12-05", "close": 21.684999, "volume": 273, "typical_volume": 1180.55, "trend": 19.022634, "fair_value": 14.85909, "relative_strength": 9.262778, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.568698, "energy": 42.852429, "activity_lines": [ 21.37, 21.485455, 20.774714, 20.034964 ] }, { "date": "2025-12-12", "close": 21.125, "volume": 4556, "typical_volume": 1135.25, "trend": 19.171267, "fair_value": 14.938167, "relative_strength": 6.406563, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.075214, "energy": 34.243633, "activity_lines": [ 21.274, 21.432091, 20.882405, 20.1706 ] }, { "date": "2025-12-19", "close": 20.559999, "volume": 821, "typical_volume": 1140.7, "trend": 19.307733, "fair_value": 15.01566, "relative_strength": 0.989048, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.656325, "energy": 30.073079, "activity_lines": [ 21.035, 21.264182, 20.921062, 20.260196 ] }, { "date": "2025-12-26", "close": 21.174999, "volume": 402, "typical_volume": 1145.5, "trend": 19.467967, "fair_value": 15.097699, "relative_strength": 4.593121, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.750387, "energy": 26.489446, "activity_lines": [ 21.078999, 21.225909, 21.005766, 20.380664 ] }, { "date": "2026-01-02", "close": 22.245001, "volume": 261, "typical_volume": 1154.5, "trend": 19.653133, "fair_value": 15.184808, "relative_strength": 8.220701, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.913071, "energy": 40.333564, "activity_lines": [ 21.436, 21.377, 21.177276, 20.559828 ] }, { "date": "2026-01-09", "close": 22.655001, "volume": 43, "typical_volume": 1138.3, "trend": 19.850833, "fair_value": 15.272699, "relative_strength": 9.463346, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 76.466864, "energy": 52.466515, "activity_lines": [ 21.868334, 21.588636, 21.369581, 20.753497 ] }, { "date": "2026-01-16", "close": 23.084999, "volume": 108, "typical_volume": 1135.05, "trend": 20.055333, "fair_value": 15.362814, "relative_strength": 11.376273, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.029156, "energy": 79.343674, "activity_lines": [ 22.379333, 21.88, 21.581433, 20.962153 ] }, { "date": "2026-01-23", "close": 23.190001, "volume": 1119, "typical_volume": 1181.05, "trend": 20.243667, "fair_value": 15.450122, "relative_strength": 14.309682, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.438458, "energy": 84.746176, "activity_lines": [ 22.794667, 22.167182, 21.780271, 21.164389 ] }, { "date": "2026-01-30", "close": 23.530001, "volume": 2530, "typical_volume": 1298.2, "trend": 20.444467, "fair_value": 15.536224, "relative_strength": 14.081831, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.505689, "energy": 88.545091, "activity_lines": [ 23.148001, 22.489637, 21.987472, 21.376411 ] }, { "date": "2026-02-06", "close": 22.695, "volume": 2710, "typical_volume": 1424.7, "trend": 20.6099, "fair_value": 15.618301, "relative_strength": 9.225859, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.86055, "energy": 76.552971, "activity_lines": [ 23.066, 22.605546, 22.094881, 21.521607 ] }, { "date": "2026-02-13", "close": 23.139999, "volume": 270, "typical_volume": 1423.95, "trend": 20.776167, "fair_value": 15.703615, "relative_strength": 12.377936, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.430218, "energy": 62.242647, "activity_lines": [ 23.102333, 22.777455, 22.230762, 21.684839 ] }, { "date": "2026-02-20", "close": 23.610001, "volume": 2479, "typical_volume": 1536.6, "trend": 20.965567, "fair_value": 15.792128, "relative_strength": 11.992723, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.253747, "energy": 61.320429, "activity_lines": [ 23.263, 23.008364, 22.395595, 21.867667 ] }, { "date": "2026-02-27", "close": 23.690001, "volume": 2392, "typical_volume": 1601.55, "trend": 21.157567, "fair_value": 15.882109, "relative_strength": 10.375715, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.334141, "energy": 58.133245, "activity_lines": [ 23.415334, 23.208637, 22.553119, 22.043437 ] }, { "date": "2026-03-06", "close": 23.34, "volume": 1433, "typical_volume": 1644.25, "trend": 21.335433, "fair_value": 15.969436, "relative_strength": 15.720541, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.910667, "energy": 51.495509, "activity_lines": [ 23.417667, 23.288364, 22.667072, 22.184239 ] }, { "date": "2026-03-13", "close": 23.809999, "volume": 871, "typical_volume": 1647.0, "trend": 21.515367, "fair_value": 16.057513, "relative_strength": 17.002464, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.936219, "energy": 51.639529, "activity_lines": [ 23.589333, 23.414182, 22.814119, 22.343888 ] }, { "date": "2026-03-20", "close": 24.26, "volume": 2069, "typical_volume": 1370.95, "trend": 21.7187, "fair_value": 16.148333, "relative_strength": 22.555898, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.722355, "energy": 55.210098, "activity_lines": [ 23.836667, 23.593364, 22.992905, 22.520961 ] }, { "date": "2026-03-27", "close": 22.905001, "volume": 2899, "typical_volume": 1473.05, "trend": 21.8738, "fair_value": 16.228955, "relative_strength": 13.739353, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.080472, "energy": 39.875393, "activity_lines": [ 23.557667, 23.497, 23.035405, 22.597497 ] }, { "date": "2026-04-03", "close": 23.200001, "volume": 210, "typical_volume": 1362.9, "trend": 22.042267, "fair_value": 16.313481, "relative_strength": 9.03341, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.566884, "energy": 32.226922, "activity_lines": [ 23.424, 23.457546, 23.100762, 22.683058 ] }, { "date": "2026-04-10", "close": 24.455, "volume": 154, "typical_volume": 1299.95, "trend": 22.214967, "fair_value": 16.405731, "relative_strength": 9.666937, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.517729, "energy": 42.884232, "activity_lines": [ 23.741334, 23.646091, 23.278643, 22.838718 ] }, { "date": "2026-04-17", "close": 26.98, "volume": 1549, "typical_volume": 1357.45, "trend": 22.455167, "fair_value": 16.514218, "relative_strength": 17.046252, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.118562, "energy": 64.454889, "activity_lines": [ 24.826, 24.276909, 23.678262, 23.14614 ] }, { "date": "2026-04-24", "close": 28.705, "volume": 2973, "typical_volume": 1492.45, "trend": 22.751333, "fair_value": 16.636077, "relative_strength": 26.545387, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.104118, "energy": 96.174262, "activity_lines": [ 26.274334, 25.143455, 24.215238, 23.549355 ] }, { "date": "2026-05-01", "close": 29.120001, "volume": 4455, "typical_volume": 1487.4, "trend": 23.0395, "fair_value": 16.761699, "relative_strength": 25.614401, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.761861, "energy": 96.419823, "activity_lines": [ 27.564667, 25.984273, 24.75831, 23.960237 ] }, { "date": "2026-05-08", "close": 32.810001, "volume": 5723, "typical_volume": 1732.5, "trend": 23.415167, "fair_value": 16.90968, "relative_strength": 37.030402, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.275549, "energy": 98.950344, "activity_lines": [ 29.670667, 27.395819, 25.614738, 24.590592 ] }, { "date": "2026-05-15", "close": 33.064999, "volume": 4280, "typical_volume": 1926.4, "trend": 23.821, "fair_value": 17.054583, "relative_strength": 37.155106, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.468562, "energy": 97.652689, "activity_lines": [ 31.221, 28.687909, 26.437119, 25.213161 ] }, { "date": "2026-05-22", "close": 35.165001, "volume": 6546, "typical_volume": 2240.65, "trend": 24.277334, "fair_value": 17.210051, "relative_strength": 43.059327, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.747519, "energy": 98.096299, "activity_lines": [ 32.897334, 30.185, 27.402881, 25.945033 ] }, { "date": "2026-05-29", "close": 37.200001, "volume": 6569, "typical_volume": 2566.95, "trend": 24.759334, "fair_value": 17.374077, "relative_strength": 47.828232, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.025106, "energy": 98.185577, "activity_lines": [ 34.706334, 31.845637, 28.500929, 26.778753 ] }, { "date": "2026-06-05", "close": 36.965, "volume": 2142, "typical_volume": 2668.65, "trend": 25.264667, "fair_value": 17.537917, "relative_strength": 45.4835, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.483503, "energy": 94.234778, "activity_lines": [ 35.870667, 33.228273, 29.507334, 27.566215 ] }, { "date": "2026-06-12", "close": 36.709999, "volume": 64, "typical_volume": 2615.9, "trend": 25.764, "fair_value": 17.696827, "relative_strength": 38.469542, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.080321, "energy": 88.579371, "activity_lines": [ 36.427, 34.308909, 30.423357, 28.304624 ] }, { "date": "2026-06-19", "close": 38.91, "volume": 2117, "typical_volume": 2595.25, "trend": 26.377, "fair_value": 17.87316, "relative_strength": 41.406434, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.084062, "energy": 81.123363, "activity_lines": [ 37.456667, 35.543909, 31.484524, 29.152753 ] }, { "date": "2026-06-26", "close": 37.639999, "volume": 148, "typical_volume": 2467.15, "trend": 26.920833, "fair_value": 18.039083, "relative_strength": 39.508477, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.453661, "energy": 68.529852, "activity_lines": [ 37.673333, 36.285182, 32.3515, 29.879398 ] }, { "date": "2026-07-03", "close": 37.235001, "volume": 1056, "typical_volume": 2506.45, "trend": 27.439167, "fair_value": 18.203628, "relative_strength": 32.671447, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.794726, "energy": 67.293649, "activity_lines": [ 37.59, 36.759, 33.108738, 30.544828 ] }, { "date": "2026-07-10", "close": 37.105, "volume": 1874, "typical_volume": 2476.2, "trend": 27.971833, "fair_value": 18.364878, "relative_strength": 31.472923, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.898301, "energy": 65.527452, "activity_lines": [ 37.461, 37.054091, 33.786476, 31.16843 ] }, { "date": "2026-07-17", "close": 33.355, "volume": 2493, "typical_volume": 2481.25, "trend": 28.398334, "fair_value": 18.50259, "relative_strength": 19.031189, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.100003, "energy": 51.731189, "activity_lines": [ 36.072667, 36.522182, 34.04281, 31.515731 ] }, { "date": "2026-07-24", "close": 34.610001, "volume": 1275, "typical_volume": 2473.35, "trend": 28.846167, "fair_value": 18.647128, "relative_strength": 22.704822, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.887362, "energy": 38.553683, "activity_lines": [ 35.326334, 36.208546, 34.372643, 31.916484 ] }, { "date": "2026-07-31", "close": 32.935001, "volume": 4455, "typical_volume": 2652.55, "trend": 29.2025, "fair_value": 18.782468, "relative_strength": 15.194035, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.647954, "energy": 29.431621, "activity_lines": [ 34.308334, 35.562273, 34.489286, 32.18028 ] }, { "date": "2026-08-07", "close": 35.02, "volume": 1531, "typical_volume": 2625.65, "trend": 29.614667, "fair_value": 18.932263, "relative_strength": 18.056964, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.195018, "energy": 29.716608, "activity_lines": [ 34.299, 35.335637, 34.761048, 32.555602 ] } ], "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." } } }