{ "ticker": { "uuid": "7459ab66-5073-4664-9632-fe652cb72989", "symbol": "JREC", "name": "JPM China A Research Enhanced Index Equity Active UCITS 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": 59.103, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 29.215, "architecture_energy": 26.997, "architecture_maturity": 62.005, "architecture_confidence": 80.351, "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": 40.5, "rotation_up": 27.18, "upward_expansion": 59.22, "deceleration": 85.5, "rotation_down": 42.28, "downward_expansion": 22.89 }, "activity_lines": [ 23.201333, 23.415727, 23.336667, 23.03557 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 23.49, "trend_reference": 22.6395, "distance_from_trend": 0.037567, "trend_direction": "Improving", "fair_value": 18.647032, "distance_from_fair_value": 0.259718, "fair_value_direction": "Weakening", "relative_strength": -6.821911, "relative_strength_direction": "Weakening", "price_momentum": 0.09536, "excess_performance": -0.075532, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.037567, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.041423, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.259718, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.013093, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.068219, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.081835, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.09536, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.789053, "read": "Demand-led" } ], "volume": { "latest": 163, "relative_activity": 0.106106, "balance": 3.789053, "dry_up": 0.442976, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.027393, "annualized_volatility": 0.163477, "from_high_reference": -0.035318, "from_low_reference": 0.302684 }, "levels": { "trend_reference": 22.6395, "fair_value_reference": 18.647032, "structural_low": 21.004999, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": 0.008175, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.009572, "regime_survival": 0.166667, "best_return": 0.065562, "worst_return": -0.044512, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.044025, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.099839, "regime_survival": 0.0, "best_return": 0.117415, "worst_return": -0.131771, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.104216, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.047948, "regime_survival": 0.0, "best_return": 0.135511, "worst_return": -0.082802, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.00318, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.204198, "regime_survival": 0.0, "best_return": 0.00318, "worst_return": 0.00318, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-20", "end": "2024-12-27", "tenure": "New", "return": 0.050805, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-03", "end": "2025-01-24", "tenure": "New", "return": -0.061311, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-31", "end": "2025-02-21", "tenure": "New", "return": 0.029699, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-28", "end": "2025-03-14", "tenure": "New", "return": -0.044949, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-03-28", "tenure": "New", "return": -0.012497, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": -0.056822, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-07-18", "tenure": "Established", "return": 0.079672, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-25", "end": "2025-09-05", "tenure": "Developing", "return": 0.074544, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2025-12-05", "tenure": "Established", "return": 0.019701, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-12", "end": "2025-12-26", "tenure": "New", "return": 0.023641, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-02", "end": "2026-03-27", "tenure": "Established", "return": -0.004683, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": 0.060219, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-07-24", "tenure": "Established", "return": 0.015946, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.023084, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 17.664, "volume": 820, "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": 17.186001, "volume": 1255, "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": 17.186001, "volume": 0, "typical_volume": 708.3, "trend": 18.707233, "fair_value": 19.984687, "relative_strength": -21.481973, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.515596, "energy": 72.674432, "activity_lines": [ 17.505467, 17.657855, 17.850048, 18.199411 ] }, { "date": "2023-09-08", "close": 17.844, "volume": 2909, "typical_volume": 827.0, "trend": 18.6227, "fair_value": 19.958259, "relative_strength": -16.634811, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.264234, "energy": 60.938643, "activity_lines": [ 17.542267, 17.690255, 17.817705, 18.143718 ] }, { "date": "2023-09-15", "close": 17.406, "volume": 2642, "typical_volume": 959.1, "trend": 18.523567, "fair_value": 19.927134, "relative_strength": -19.868443, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.00321, "energy": 70.82689, "activity_lines": [ 17.466667, 17.636328, 17.752734, 18.065222 ] }, { "date": "2023-09-22", "close": 17.584, "volume": 1797, "typical_volume": 1028.45, "trend": 18.452967, "fair_value": 19.898904, "relative_strength": -17.372081, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.417958, "energy": 52.63288, "activity_lines": [ 17.508934, 17.616037, 17.715886, 18.004604 ] }, { "date": "2023-09-29", "close": 17.584, "volume": 0, "typical_volume": 1028.45, "trend": 18.3616, "fair_value": 19.871345, "relative_strength": -15.572835, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.36007, "energy": 42.606533, "activity_lines": [ 17.556533, 17.593782, 17.686029, 17.948542 ] }, { "date": "2023-10-06", "close": 17.441999, "volume": 560, "typical_volume": 1035.95, "trend": 18.292, "fair_value": 19.842765, "relative_strength": -14.143869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.396217, "energy": 45.196712, "activity_lines": [ 17.530266, 17.542473, 17.649638, 17.889213 ] }, { "date": "2023-10-13", "close": 17.35, "volume": 257, "typical_volume": 878.8, "trend": 18.223733, "fair_value": 19.813779, "relative_strength": -15.050795, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.704151, "energy": 43.753323, "activity_lines": [ 17.456266, 17.487418, 17.611876, 17.828439 ] }, { "date": "2023-10-20", "close": 17.35, "volume": 0, "typical_volume": 822.2, "trend": 18.155467, "fair_value": 19.78546, "relative_strength": -11.555958, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.882892, "energy": 44.823853, "activity_lines": [ 17.4152, 17.450509, 17.578019, 17.772069 ] }, { "date": "2023-10-27", "close": 16.648001, "volume": 258, "typical_volume": 829.45, "trend": 18.065733, "fair_value": 19.749807, "relative_strength": -14.209585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.375242, "energy": 74.062544, "activity_lines": [ 17.143867, 17.302946, 17.480381, 17.674813 ] }, { "date": "2023-11-03", "close": 16.806, "volume": 1988, "typical_volume": 900.1, "trend": 17.975467, "fair_value": 19.71673, "relative_strength": -16.909501, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.44576, "energy": 83.278012, "activity_lines": [ 16.9876, 17.202582, 17.404295, 17.59354 ] }, { "date": "2023-11-10", "close": 16.954, "volume": 30, "typical_volume": 797.95, "trend": 17.888, "fair_value": 19.686033, "relative_strength": -15.095284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.909074, "energy": 78.368212, "activity_lines": [ 16.932534, 17.136036, 17.349257, 17.527639 ] }, { "date": "2023-11-17", "close": 16.954, "volume": 0, "typical_volume": 745.7, "trend": 17.794733, "fair_value": 19.656011, "relative_strength": -17.359838, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.544226, "energy": 82.160406, "activity_lines": [ 16.91, 17.073709, 17.299038, 17.467381 ] }, { "date": "2023-11-24", "close": 16.562, "volume": 20, "typical_volume": 746.7, "trend": 17.6884, "fair_value": 19.62238, "relative_strength": -18.473063, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.252241, "energy": 86.314991, "activity_lines": [ 16.7832, 16.956291, 17.213972, 17.38785 ] }, { "date": "2023-12-01", "close": 16.323999, "volume": 1900, "typical_volume": 841.7, "trend": 17.597467, "fair_value": 19.586914, "relative_strength": -20.323603, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.836776, "energy": 85.968671, "activity_lines": [ 16.6296, 16.810945, 17.11059, 17.299824 ] }, { "date": "2023-12-08", "close": 15.956, "volume": 137, "typical_volume": 841.05, "trend": 17.494267, "fair_value": 19.548287, "relative_strength": -22.629154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.978645, "energy": 95.940651, "activity_lines": [ 16.374933, 16.6216, 16.977648, 17.193923 ] }, { "date": "2023-12-15", "close": 15.65, "volume": 500, "typical_volume": 825.05, "trend": 17.3828, "fair_value": 19.507253, "relative_strength": -23.26051, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -93.094108, "energy": 97.357189, "activity_lines": [ 16.074933, 16.406218, 16.822467, 17.074938 ] }, { "date": "2023-12-22", "close": 15.352, "volume": 100, "typical_volume": 815.05, "trend": 17.288867, "fair_value": 19.463969, "relative_strength": -23.885123, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.479598, "energy": 98.004401, "activity_lines": [ 15.762533, 16.169236, 16.650838, 16.943918 ] }, { "date": "2023-12-29", "close": 15.926, "volume": 1360, "typical_volume": 826.65, "trend": 17.219867, "fair_value": 19.427495, "relative_strength": -20.235197, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.317658, "energy": 87.492865, "activity_lines": [ 15.748267, 16.072945, 16.548143, 16.855991 ] }, { "date": "2024-01-05", "close": 15.492, "volume": 530, "typical_volume": 812.15, "trend": 17.1358, "fair_value": 19.387337, "relative_strength": -21.923654, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.57881, "energy": 79.769215, "activity_lines": [ 15.631733, 15.923636, 16.415343, 16.744516 ] }, { "date": "2024-01-12", "close": 15.288, "volume": 132, "typical_volume": 756.0, "trend": 17.036533, "fair_value": 19.345929, "relative_strength": -22.34034, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.899449, "energy": 72.626919, "activity_lines": [ 15.502667, 15.758254, 16.273457, 16.625303 ] }, { "date": "2024-01-19", "close": 15.288, "volume": 0, "typical_volume": 756.0, "trend": 16.947267, "fair_value": 19.30535, "relative_strength": -21.181997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.421018, "energy": 69.764093, "activity_lines": [ 15.418133, 15.620473, 16.140609, 16.512495 ] }, { "date": "2024-01-26", "close": 15.6, "volume": 6254, "typical_volume": 923.25, "trend": 16.884733, "fair_value": 19.268663, "relative_strength": -19.192178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.118308, "energy": 65.864447, "activity_lines": [ 15.461733, 15.569709, 16.046514, 16.425574 ] }, { "date": "2024-02-02", "close": 14.664, "volume": 2440, "typical_volume": 913.15, "trend": 16.791, "fair_value": 19.22352, "relative_strength": -24.224686, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.978962, "energy": 74.458865, "activity_lines": [ 15.1768, 15.373382, 15.873962, 16.282301 ] }, { "date": "2024-02-09", "close": 15.838, "volume": 60, "typical_volume": 826.3, "trend": 16.7364, "fair_value": 19.19065, "relative_strength": -18.715522, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.899983, "energy": 55.737691, "activity_lines": [ 15.367333, 15.425018, 15.826276, 16.220817 ] }, { "date": "2024-02-16", "close": 16.096001, "volume": 431, "typical_volume": 847.85, "trend": 16.692733, "fair_value": 19.160894, "relative_strength": -18.320415, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.127546, "energy": 35.898733, "activity_lines": [ 15.6208, 15.5324, 15.811476, 16.179501 ] }, { "date": "2024-02-23", "close": 16.264, "volume": 269, "typical_volume": 833.3, "trend": 16.629667, "fair_value": 19.133305, "relative_strength": -19.332151, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.920261, "energy": 19.70906, "activity_lines": [ 15.8764, 15.667782, 15.819762, 16.151841 ] }, { "date": "2024-03-01", "close": 16.530001, "volume": 4155, "typical_volume": 1028.2, "trend": 16.569067, "fair_value": 19.108745, "relative_strength": -18.008368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -1.152446, "energy": 22.882793, "activity_lines": [ 16.155601, 15.840364, 15.858991, 16.145411 ] }, { "date": "2024-03-08", "close": 16.445999, "volume": 870, "typical_volume": 1071.7, "trend": 16.5078, "fair_value": 19.08386, "relative_strength": -19.00406, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.090883, "energy": 28.594328, "activity_lines": [ 16.3448, 15.976255, 15.894124, 16.137471 ] }, { "date": "2024-03-15", "close": 16.742001, "volume": 749, "typical_volume": 1096.25, "trend": 16.477067, "fair_value": 19.062176, "relative_strength": -18.155584, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.389266, "energy": 41.457199, "activity_lines": [ 16.513867, 16.156509, 15.961753, 16.152581 ] }, { "date": "2024-03-22", "close": 16.742001, "volume": 0, "typical_volume": 996.85, "trend": 16.462267, "fair_value": 19.04089, "relative_strength": -18.437262, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.175374, "energy": 52.933989, "activity_lines": [ 16.622667, 16.314037, 16.028934, 16.169673 ] }, { "date": "2024-03-29", "close": 16.402, "volume": 100, "typical_volume": 1000.35, "trend": 16.436133, "fair_value": 19.0169, "relative_strength": -20.409334, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.15783, "energy": 57.231179, "activity_lines": [ 16.575067, 16.383309, 16.064038, 16.165785 ] }, { "date": "2024-04-05", "close": 16.812, "volume": 220, "typical_volume": 1011.35, "trend": 16.401733, "fair_value": 18.997036, "relative_strength": -16.040762, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.300296, "energy": 53.185684, "activity_lines": [ 16.654934, 16.506873, 16.140819, 16.190035 ] }, { "date": "2024-04-12", "close": 16.652, "volume": 1156, "typical_volume": 1068.15, "trend": 16.3766, "fair_value": 18.976098, "relative_strength": -15.654993, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.288242, "energy": 32.644307, "activity_lines": [ 16.662667, 16.579309, 16.203038, 16.206181 ] }, { "date": "2024-04-19", "close": 17.091999, "volume": 282, "typical_volume": 987.25, "trend": 16.3602, "fair_value": 18.959425, "relative_strength": -13.235961, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.155977, "energy": 42.121234, "activity_lines": [ 16.803333, 16.6956, 16.306733, 16.252336 ] }, { "date": "2024-04-26", "close": 17.246, "volume": 4297, "typical_volume": 1195.25, "trend": 16.348933, "fair_value": 18.944395, "relative_strength": -12.638958, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 51.32835, "energy": 62.781315, "activity_lines": [ 16.972, 16.817091, 16.421438, 16.309484 ] }, { "date": "2024-05-03", "close": 17.598, "volume": 303, "typical_volume": 1185.4, "trend": 16.354133, "fair_value": 18.932687, "relative_strength": -8.681626, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 85.688969, "energy": 91.211141, "activity_lines": [ 17.2244, 16.981673, 16.563524, 16.390069 ] }, { "date": "2024-05-10", "close": 17.393999, "volume": 2717, "typical_volume": 1316.25, "trend": 16.3556, "fair_value": 18.919422, "relative_strength": -11.841237, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.107691, "energy": 89.43375, "activity_lines": [ 17.329066, 17.084909, 16.676905, 16.457157 ] }, { "date": "2024-05-17", "close": 17.534, "volume": 3244, "typical_volume": 1410.45, "trend": 16.361733, "fair_value": 18.907581, "relative_strength": -12.417935, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.601317, "energy": 90.495443, "activity_lines": [ 17.4416, 17.197891, 16.793895, 16.533183 ] }, { "date": "2024-05-24", "close": 16.924, "volume": 6157, "typical_volume": 1691.8, "trend": 16.370933, "fair_value": 18.890771, "relative_strength": -12.676706, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.530417, "energy": 81.578134, "activity_lines": [ 17.292, 17.180182, 16.845133, 16.569458 ] }, { "date": "2024-05-31", "close": 16.874001, "volume": 169, "typical_volume": 1693.65, "trend": 16.3732, "fair_value": 18.873824, "relative_strength": -12.410738, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.958522, "energy": 47.652416, "activity_lines": [ 17.136934, 17.150073, 16.884791, 16.601914 ] }, { "date": "2024-06-07", "close": 17.044001, "volume": 5075, "typical_volume": 1947.4, "trend": 16.3762, "fair_value": 18.858575, "relative_strength": -11.434293, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.07058, "energy": 36.643873, "activity_lines": [ 17.063334, 17.148473, 16.933086, 16.645192 ] }, { "date": "2024-06-14", "close": 16.983999, "volume": 5389, "typical_volume": 1904.15, "trend": 16.3772, "fair_value": 18.843083, "relative_strength": -5.913993, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.371859, "energy": 31.237312, "activity_lines": [ 17.006667, 17.124291, 16.967305, 16.684404 ] }, { "date": "2024-06-21", "close": 16.664, "volume": 149, "typical_volume": 1789.6, "trend": 16.3806, "fair_value": 18.825221, "relative_strength": -8.964657, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.984231, "energy": 25.88401, "activity_lines": [ 16.870667, 17.0388, 16.964457, 16.702908 ] }, { "date": "2024-06-28", "close": 16.348, "volume": 342, "typical_volume": 1803.7, "trend": 16.3814, "fair_value": 18.805081, "relative_strength": -9.876236, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.698361, "energy": 23.341072, "activity_lines": [ 16.687333, 16.895636, 16.92199, 16.700804 ] }, { "date": "2024-07-05", "close": 16.044001, "volume": 2995, "typical_volume": 1931.9, "trend": 16.384333, "fair_value": 18.782815, "relative_strength": -13.243471, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -28.595696, "energy": 42.039487, "activity_lines": [ 16.441067, 16.710727, 16.848143, 16.679037 ] }, { "date": "2024-07-12", "close": 16.228001, "volume": 13442, "typical_volume": 2590.55, "trend": 16.4036, "fair_value": 18.762376, "relative_strength": -13.323075, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.245766, "energy": 51.844511, "activity_lines": [ 16.311467, 16.581128, 16.792067, 16.668951 ] }, { "date": "2024-07-19", "close": 16.257999, "volume": 80, "typical_volume": 2386.8, "trend": 16.4338, "fair_value": 18.7425, "relative_strength": -11.835464, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.968102, "energy": 65.927961, "activity_lines": [ 16.246267, 16.481891, 16.739019, 16.659557 ] }, { "date": "2024-07-26", "close": 15.838, "volume": 480, "typical_volume": 2367.3, "trend": 16.430867, "fair_value": 18.71963, "relative_strength": -12.628411, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.084899, "energy": 76.687799, "activity_lines": [ 16.089467, 16.326946, 16.647267, 16.621118 ] }, { "date": "2024-08-02", "close": 15.872, "volume": 5600, "typical_volume": 2609.85, "trend": 16.443533, "fair_value": 18.697383, "relative_strength": -7.050434, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.116873, "energy": 78.561781, "activity_lines": [ 15.999067, 16.209018, 16.561648, 16.585062 ] }, { "date": "2024-08-09", "close": 15.636, "volume": 3518, "typical_volume": 2785.75, "trend": 16.455133, "fair_value": 18.673651, "relative_strength": -7.232269, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.654223, "energy": 83.152731, "activity_lines": [ 15.861733, 16.067309, 16.457695, 16.532964 ] }, { "date": "2024-08-16", "close": 15.636, "volume": 0, "typical_volume": 2780.75, "trend": 16.466733, "fair_value": 18.650285, "relative_strength": -10.236429, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.956061, "energy": 81.993041, "activity_lines": [ 15.7516, 15.948109, 16.35901, 16.480116 ] }, { "date": "2024-08-23", "close": 15.376, "volume": 2410, "typical_volume": 2890.25, "trend": 16.459267, "fair_value": 18.62529, "relative_strength": -12.842306, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -88.252241, "energy": 95.307573, "activity_lines": [ 15.594267, 15.807236, 16.23921, 16.409746 ] }, { "date": "2024-08-30", "close": 15.376, "volume": 0, "typical_volume": 2832.45, "trend": 16.483, "fair_value": 18.600674, "relative_strength": -14.195493, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.685668, "energy": 93.547882, "activity_lines": [ 15.495733, 15.6956, 16.126248, 16.339858 ] }, { "date": "2024-09-06", "close": 15.314, "volume": 10, "typical_volume": 2818.85, "trend": 16.465533, "fair_value": 18.575962, "relative_strength": -11.200492, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.408055, "energy": 92.726009, "activity_lines": [ 15.407333, 15.596109, 16.013457, 16.264439 ] }, { "date": "2024-09-13", "close": 14.746, "volume": 5930, "typical_volume": 2900.5, "trend": 16.420533, "fair_value": 18.547381, "relative_strength": -14.683096, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.967507, "energy": 98.555853, "activity_lines": [ 15.1668, 15.412145, 15.855038, 16.153501 ] }, { "date": "2024-09-20", "close": 14.846, "volume": 200, "typical_volume": 2895.35, "trend": 16.373267, "fair_value": 18.519963, "relative_strength": -14.034221, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.174361, "energy": 95.069434, "activity_lines": [ 15.018933, 15.269964, 15.718048, 16.051918 ] }, { "date": "2024-09-27", "close": 17.606001, "volume": 5399, "typical_volume": 3029.45, "trend": 16.409133, "fair_value": 18.513243, "relative_strength": -0.452676, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -13.263259, "energy": 18.361192, "activity_lines": [ 15.843734, 15.654727, 15.857019, 16.13145 ] }, { "date": "2024-10-04", "close": 20.879999, "volume": 16818, "typical_volume": 3708.15, "trend": 16.556933, "fair_value": 18.530518, "relative_strength": 22.066671, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.457321, "energy": 60.094561, "activity_lines": [ 17.6112, 16.610255, 16.306791, 16.419893 ] }, { "date": "2024-10-11", "close": 18.827999, "volume": 16999, "typical_volume": 4250.25, "trend": 16.626467, "fair_value": 18.532674, "relative_strength": 8.047631, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.496194, "energy": 55.031996, "activity_lines": [ 18.327733, 17.101018, 16.5452, 16.566413 ] }, { "date": "2024-10-18", "close": 18.441999, "volume": 2773, "typical_volume": 4380.45, "trend": 16.683133, "fair_value": 18.532022, "relative_strength": 3.571607, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 62.629163, "energy": 66.11944, "activity_lines": [ 18.681333, 17.467854, 16.737781, 16.683544 ] }, { "date": "2024-10-25", "close": 18.66, "volume": 4720, "typical_volume": 4362.7, "trend": 16.7584, "fair_value": 18.532936, "relative_strength": 6.383089, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.038935, "energy": 86.592577, "activity_lines": [ 18.861199, 17.823309, 16.943657, 16.811084 ] }, { "date": "2024-11-01", "close": 18.188, "volume": 975, "typical_volume": 4142.0, "trend": 16.804267, "fair_value": 18.530489, "relative_strength": 4.235893, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.308196, "energy": 59.195962, "activity_lines": [ 18.629466, 18.037963, 17.096886, 16.903316 ] }, { "date": "2024-11-08", "close": 18.844, "volume": 1861, "typical_volume": 4227.6, "trend": 16.877333, "fair_value": 18.532697, "relative_strength": 10.897867, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.803632, "energy": 54.768701, "activity_lines": [ 18.5776, 18.320763, 17.306857, 17.034912 ] }, { "date": "2024-11-15", "close": 19.246, "volume": 1956, "typical_volume": 4308.3, "trend": 16.949133, "fair_value": 18.537685, "relative_strength": 12.072356, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.215702, "energy": 55.088738, "activity_lines": [ 18.795467, 18.6136, 17.544733, 17.187729 ] }, { "date": "2024-11-22", "close": 18.608, "volume": 20540, "typical_volume": 5185.55, "trend": 16.994533, "fair_value": 18.538174, "relative_strength": 10.642396, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.851996, "energy": 46.087348, "activity_lines": [ 18.7728, 18.718945, 17.708047, 17.294753 ] }, { "date": "2024-11-29", "close": 18.582001, "volume": 6691, "typical_volume": 4848.0, "trend": 17.027333, "fair_value": 18.538476, "relative_strength": 10.707151, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.098012, "energy": 40.897476, "activity_lines": [ 18.7304, 18.749345, 17.856676, 17.39717 ] }, { "date": "2024-12-06", "close": 18.572001, "volume": 500, "typical_volume": 4869.0, "trend": 17.0666, "fair_value": 18.538705, "relative_strength": 6.357516, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.304699, "energy": 36.982345, "activity_lines": [ 18.689867, 18.71, 17.993143, 17.496826 ] }, { "date": "2024-12-13", "close": 18.754, "volume": 3050, "typical_volume": 4997.5, "trend": 17.107267, "fair_value": 18.54017, "relative_strength": 6.880721, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.565665, "energy": 32.262354, "activity_lines": [ 18.6844, 18.686182, 18.135924, 17.60569 ] }, { "date": "2024-12-20", "close": 18.502001, "volume": 7052, "typical_volume": 5070.1, "trend": 17.159867, "fair_value": 18.539912, "relative_strength": 8.776082, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.308199, "energy": 27.278268, "activity_lines": [ 18.600934, 18.6552, 18.240819, 17.695673 ] }, { "date": "2024-12-27", "close": 19.441999, "volume": 2490, "typical_volume": 5018.7, "trend": 17.245467, "fair_value": 18.545966, "relative_strength": 12.789546, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.879355, "energy": 44.685669, "activity_lines": [ 18.8804, 18.801055, 18.422714, 17.842908 ] }, { "date": "2025-01-03", "close": 19.441999, "volume": 0, "typical_volume": 5018.7, "trend": 17.3254, "fair_value": 18.55194, "relative_strength": 12.637779, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.443815, "energy": 76.877806, "activity_lines": [ 19.104266, 18.928727, 18.586486, 17.984619 ] }, { "date": "2025-01-10", "close": 17.823999, "volume": 910, "typical_volume": 4943.7, "trend": 17.3534, "fair_value": 18.547119, "relative_strength": 0.40907, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.458365, "energy": 58.292907, "activity_lines": [ 18.731466, 18.748, 18.578038, 18.016787 ] }, { "date": "2025-01-17", "close": 18.18, "volume": 6776, "typical_volume": 5282.5, "trend": 17.403933, "fair_value": 18.544704, "relative_strength": -0.898531, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.863667, "energy": 47.771644, "activity_lines": [ 18.527199, 18.638618, 18.591838, 18.070116 ] }, { "date": "2025-01-24", "close": 18.25, "volume": 912, "typical_volume": 5327.6, "trend": 17.467333, "fair_value": 18.542778, "relative_strength": -0.297263, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.276183, "energy": 21.692104, "activity_lines": [ 18.384533, 18.554036, 18.598952, 18.124701 ] }, { "date": "2025-01-31", "close": 18.25, "volume": 0, "typical_volume": 5031.1, "trend": 17.540867, "fair_value": 18.540877, "relative_strength": -1.124617, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.730673, "energy": 29.853089, "activity_lines": [ 18.258666, 18.487563, 18.592086, 18.175196 ] }, { "date": "2025-02-07", "close": 18.677999, "volume": 1091, "typical_volume": 5075.65, "trend": 17.622533, "fair_value": 18.541761, "relative_strength": -0.384338, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.431896, "energy": 22.5056, "activity_lines": [ 18.354933, 18.505418, 18.609295, 18.248559 ] }, { "date": "2025-02-14", "close": 18.771999, "volume": 6019, "typical_volume": 5106.65, "trend": 17.706333, "fair_value": 18.543237, "relative_strength": -2.265421, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.765462, "energy": 23.458741, "activity_lines": [ 18.533466, 18.538618, 18.617209, 18.322718 ] }, { "date": "2025-02-21", "close": 18.792, "volume": 5046, "typical_volume": 4518.05, "trend": 17.8048, "fair_value": 18.521519, "relative_strength": -3.259045, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.960442, "energy": 38.566387, "activity_lines": [ 18.655466, 18.571818, 18.621476, 18.392761 ] }, { "date": "2025-02-28", "close": 18.865999, "volume": 359, "typical_volume": 3686.05, "trend": 17.9046, "fair_value": 18.497712, "relative_strength": -3.415142, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.156007, "energy": 49.994875, "activity_lines": [ 18.761333, 18.617781, 18.642733, 18.461226 ] }, { "date": "2025-03-07", "close": 18.865999, "volume": 0, "typical_volume": 3547.4, "trend": 18.012266, "fair_value": 18.482365, "relative_strength": -3.247123, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.668796, "energy": 53.224493, "activity_lines": [ 18.826133, 18.657127, 18.663809, 18.523251 ] }, { "date": "2025-03-14", "close": 18.018, "volume": 392, "typical_volume": 3331.0, "trend": 18.091666, "fair_value": 18.461583, "relative_strength": -7.648768, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 9.416466, "energy": 10.630638, "activity_lines": [ 18.567199, 18.552763, 18.602104, 18.523621 ] }, { "date": "2025-03-21", "close": 18.403999, "volume": 1066, "typical_volume": 3335.55, "trend": 18.1926, "fair_value": 18.443276, "relative_strength": -6.533968, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.409639, "energy": 8.749163, "activity_lines": [ 18.480933, 18.544472, 18.580219, 18.543772 ] }, { "date": "2025-03-28", "close": 18.174, "volume": 3576, "typical_volume": 3421.3, "trend": 18.285866, "fair_value": 18.426923, "relative_strength": -6.984271, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -14.202719, "energy": 21.920265, "activity_lines": [ 18.342533, 18.483818, 18.5354, 18.542572 ] }, { "date": "2025-04-04", "close": 17.282, "volume": 6253, "typical_volume": 3636.15, "trend": 18.351466, "fair_value": 18.403667, "relative_strength": -1.125642, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -58.286417, "energy": 60.161376, "activity_lines": [ 17.948, 18.26109, 18.408819, 18.477806 ] }, { "date": "2025-04-11", "close": 16.299999, "volume": 2244, "typical_volume": 2721.35, "trend": 18.403266, "fair_value": 18.369372, "relative_strength": -4.990679, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -95.204038, "energy": 97.026877, "activity_lines": [ 17.331733, 17.877418, 18.198066, 18.345453 ] }, { "date": "2025-04-18", "close": 16.341999, "volume": 735, "typical_volume": 2423.55, "trend": 18.453133, "fair_value": 18.345635, "relative_strength": -9.742652, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.144266, "energy": 97.705786, "activity_lines": [ 16.900533, 17.536836, 18.002304, 18.212468 ] }, { "date": "2025-04-25", "close": 16.643999, "volume": 830, "typical_volume": 2440.05, "trend": 18.421066, "fair_value": 18.328519, "relative_strength": -11.245442, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.075689, "energy": 90.080859, "activity_lines": [ 16.681733, 17.293636, 17.845971, 18.09575 ] }, { "date": "2025-05-02", "close": 16.643999, "volume": 0, "typical_volume": 2287.55, "trend": 18.279866, "fair_value": 18.311404, "relative_strength": -13.218823, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.515071, "energy": 88.769065, "activity_lines": [ 16.580266, 17.089127, 17.698818, 17.981101 ] }, { "date": "2025-05-09", "close": 16.865999, "volume": 59, "typical_volume": 1937.9, "trend": 18.214466, "fair_value": 18.295711, "relative_strength": -14.146299, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.840011, "energy": 85.171407, "activity_lines": [ 16.654799, 16.964036, 17.582856, 17.889883 ] }, { "date": "2025-05-16", "close": 17.704, "volume": 56, "typical_volume": 1816.2, "trend": 18.189866, "fair_value": 18.285391, "relative_strength": -12.529361, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.244088, "energy": 50.658854, "activity_lines": [ 17.036399, 17.027672, 17.554495, 17.85695 ] }, { "date": "2025-05-23", "close": 17.403999, "volume": 3460, "typical_volume": 1989.2, "trend": 18.148, "fair_value": 18.27216, "relative_strength": -11.268344, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.637614, "energy": 34.979328, "activity_lines": [ 17.224399, 17.05789, 17.505837, 17.806249 ] }, { "date": "2025-05-30", "close": 16.959999, "volume": 25, "typical_volume": 1944.95, "trend": 18.107066, "fair_value": 18.256083, "relative_strength": -14.633592, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.623227, "energy": 29.283575, "activity_lines": [ 17.193599, 17.018545, 17.424599, 17.729604 ] }, { "date": "2025-06-06", "close": 17.063999, "volume": 25, "typical_volume": 1607.4, "trend": 18.047733, "fair_value": 18.240673, "relative_strength": -14.963718, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.619707, "energy": 27.381062, "activity_lines": [ 17.176399, 17.024363, 17.35738, 17.662309 ] }, { "date": "2025-06-13", "close": 17.038, "volume": 3391, "typical_volume": 1731.35, "trend": 17.974133, "fair_value": 18.225096, "relative_strength": -12.289388, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.861997, "energy": 34.552762, "activity_lines": [ 17.122533, 17.045636, 17.292999, 17.597165 ] }, { "date": "2025-06-20", "close": 16.969999, "volume": 2155, "typical_volume": 1839.1, "trend": 17.919533, "fair_value": 18.197692, "relative_strength": -11.943449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.895265, "energy": 44.722191, "activity_lines": [ 17.034533, 17.058981, 17.227914, 17.532382 ] }, { "date": "2025-06-27", "close": 16.988001, "volume": 486, "typical_volume": 1808.85, "trend": 17.8664, "fair_value": 18.170404, "relative_strength": -12.7593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.786445, "energy": 41.866451, "activity_lines": [ 17.001467, 17.063418, 17.170638, 17.472283 ] }, { "date": "2025-07-04", "close": 17.01, "volume": 18, "typical_volume": 1508.8, "trend": 17.814333, "fair_value": 18.143256, "relative_strength": -12.234533, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.452375, "energy": 43.415297, "activity_lines": [ 17.003467, 17.060109, 17.123504, 17.417032 ] }, { "date": "2025-07-11", "close": 17.01, "volume": 0, "typical_volume": 1256.5, "trend": 17.756199, "fair_value": 18.116109, "relative_strength": -13.079841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.658913, "energy": 66.482341, "activity_lines": [ 17.002133, 17.050145, 17.084761, 17.365139 ] }, { "date": "2025-07-18", "close": 17.643999, "volume": 6056, "typical_volume": 1541.35, "trend": 17.727599, "fair_value": 18.093026, "relative_strength": -10.231014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.790102, "energy": 10.137046, "activity_lines": [ 17.215733, 17.1488, 17.114885, 17.357901 ] }, { "date": "2025-07-25", "close": 17.976, "volume": 1098, "typical_volume": 1596.25, "trend": 17.678733, "fair_value": 18.06925, "relative_strength": -9.374981, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 24.742372, "energy": 40.346502, "activity_lines": [ 17.4996, 17.293672, 17.182447, 17.373926 ] }, { "date": "2025-08-01", "close": 17.860001, "volume": 1603, "typical_volume": 1656.8, "trend": 17.626, "fair_value": 18.044731, "relative_strength": -8.018339, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.944657, "energy": 59.368391, "activity_lines": [ 17.677733, 17.412509, 17.2432, 17.385621 ] }, { "date": "2025-08-08", "close": 18.032, "volume": 166, "typical_volume": 1611.8, "trend": 17.632933, "fair_value": 18.021314, "relative_strength": -10.675348, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.219234, "energy": 61.520388, "activity_lines": [ 17.855067, 17.554327, 17.321085, 17.411815 ] }, { "date": "2025-08-15", "close": 18.032, "volume": 0, "typical_volume": 1433.0, "trend": 17.628, "fair_value": 17.997897, "relative_strength": -12.657513, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.440649, "energy": 78.212682, "activity_lines": [ 17.964267, 17.676655, 17.400743, 17.437561 ] }, { "date": "2025-08-22", "close": 19.348, "volume": 961, "typical_volume": 1168.4, "trend": 17.6646, "fair_value": 17.982917, "relative_strength": -7.66519, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 72.204007, "energy": 89.74401, "activity_lines": [ 18.444, 18.020655, 17.606409, 17.548529 ] }, { "date": "2025-08-29", "close": 19.860001, "volume": 1149, "typical_volume": 1113.65, "trend": 17.718266, "fair_value": 17.971218, "relative_strength": -2.809693, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 72.143471, "energy": 90.119204, "activity_lines": [ 18.9808, 18.415746, 17.851, 17.690168 ] }, { "date": "2025-09-05", "close": 19.316, "volume": 19271, "typical_volume": 2040.45, "trend": 17.739533, "fair_value": 17.962538, "relative_strength": -4.152161, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.75001, "energy": 91.713213, "activity_lines": [ 19.210667, 18.659382, 18.026829, 17.793247 ] }, { "date": "2025-09-12", "close": 20.049999, "volume": 8389, "typical_volume": 2418.4, "trend": 17.782133, "fair_value": 17.958564, "relative_strength": -2.871558, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.107021, "energy": 96.647778, "activity_lines": [ 19.588133, 18.994145, 18.2584, 17.942309 ] }, { "date": "2025-09-19", "close": 19.964001, "volume": 15686, "typical_volume": 3202.7, "trend": 17.8212, "fair_value": 17.954038, "relative_strength": -2.831294, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.621023, "energy": 91.6928, "activity_lines": [ 19.8024, 19.258, 18.465562, 18.083075 ] }, { "date": "2025-09-26", "close": 20.004999, "volume": 600, "typical_volume": 3229.75, "trend": 17.859166, "fair_value": 17.949776, "relative_strength": -3.249151, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.581819, "energy": 71.013722, "activity_lines": [ 19.901533, 19.4756, 18.660819, 18.223965 ] }, { "date": "2025-10-03", "close": 20.535, "volume": 800, "typical_volume": 3266.95, "trend": 17.9148, "fair_value": 17.94891, "relative_strength": -1.517411, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.850476, "energy": 75.222616, "activity_lines": [ 20.133533, 19.746636, 18.891605, 18.3966 ] }, { "date": "2025-10-10", "close": 19.948, "volume": 813, "typical_volume": 3134.6, "trend": 17.979133, "fair_value": 17.944282, "relative_strength": -1.286644, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.963121, "energy": 67.403685, "activity_lines": [ 20.124867, 19.864418, 19.053005, 18.527774 ] }, { "date": "2025-10-17", "close": 20.485001, "volume": 782, "typical_volume": 3172.45, "trend": 18.0485, "fair_value": 17.943096, "relative_strength": 2.2109, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.378821, "energy": 71.220786, "activity_lines": [ 20.253067, 20.041873, 19.253433, 18.689443 ] }, { "date": "2025-10-24", "close": 20.559999, "volume": 270, "typical_volume": 3184.7, "trend": 18.128033, "fair_value": 17.942391, "relative_strength": 1.038137, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.606598, "energy": 70.773746, "activity_lines": [ 20.377267, 20.188364, 19.444219, 18.851475 ] }, { "date": "2025-10-31", "close": 20.98, "volume": 2744, "typical_volume": 3152.35, "trend": 18.2513, "fair_value": 17.944378, "relative_strength": 1.61663, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.303704, "energy": 73.088522, "activity_lines": [ 20.601733, 20.365254, 19.658357, 19.035473 ] }, { "date": "2025-11-07", "close": 20.955, "volume": 381, "typical_volume": 3063.65, "trend": 18.406466, "fair_value": 17.946205, "relative_strength": 2.387331, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.282676, "energy": 71.492186, "activity_lines": [ 20.752867, 20.507927, 19.851343, 19.209905 ] }, { "date": "2025-11-14", "close": 20.74, "volume": 3043, "typical_volume": 3191.5, "trend": 18.553066, "fair_value": 17.946654, "relative_strength": -0.77793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.29298, "energy": 66.268829, "activity_lines": [ 20.804333, 20.5916, 20.004876, 19.360456 ] }, { "date": "2025-11-21", "close": 20.200001, "volume": 2502, "typical_volume": 3315.7, "trend": 18.6716, "fair_value": 17.943641, "relative_strength": -0.009701, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.587679, "energy": 64.732395, "activity_lines": [ 20.623, 20.5512, 20.089114, 19.46671 ] }, { "date": "2025-11-28", "close": 20.200001, "volume": 0, "typical_volume": 3315.7, "trend": 18.790133, "fair_value": 17.940628, "relative_strength": -1.250793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.597622, "energy": 55.129336, "activity_lines": [ 20.460667, 20.508073, 20.158162, 19.565316 ] }, { "date": "2025-12-05", "close": 20.445, "volume": 150, "typical_volume": 3020.4, "trend": 18.909433, "fair_value": 17.939186, "relative_strength": 0.031825, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.684965, "energy": 46.585364, "activity_lines": [ 20.404, 20.5052, 20.235353, 19.672082 ] }, { "date": "2025-12-12", "close": 20.514999, "volume": 446, "typical_volume": 2987.8, "trend": 19.003133, "fair_value": 17.938192, "relative_strength": 0.458735, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.072398, "energy": 41.681343, "activity_lines": [ 20.406333, 20.507055, 20.305871, 19.775667 ] }, { "date": "2025-12-19", "close": 20.535, "volume": 1668, "typical_volume": 2991.05, "trend": 19.1075, "fair_value": 17.937327, "relative_strength": -1.879754, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.14919, "energy": 45.94992, "activity_lines": [ 20.444667, 20.512909, 20.366205, 19.874497 ] }, { "date": "2025-12-26", "close": 21.0, "volume": 1249, "typical_volume": 3045.2, "trend": 19.242167, "fair_value": 17.939442, "relative_strength": 1.090678, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 82.036603, "energy": 64.075975, "activity_lines": [ 20.651667, 20.592636, 20.458086, 19.996594 ] }, { "date": "2026-01-02", "close": 21.355, "volume": 1026, "typical_volume": 3096.5, "trend": 19.3852, "fair_value": 17.943833, "relative_strength": 1.476871, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.733974, "energy": 75.515349, "activity_lines": [ 20.923667, 20.727545, 20.569643, 20.132905 ] }, { "date": "2026-01-09", "close": 21.860001, "volume": 216, "typical_volume": 3059.25, "trend": 19.545933, "fair_value": 17.951461, "relative_strength": 3.22032, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.563839, "energy": 91.32883, "activity_lines": [ 21.287, 20.939818, 20.713472, 20.29257 ] }, { "date": "2026-01-16", "close": 21.99, "volume": 2982, "typical_volume": 3150.9, "trend": 19.713267, "fair_value": 17.961205, "relative_strength": 3.741558, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.196457, "energy": 96.36897, "activity_lines": [ 21.599334, 21.159727, 20.857719, 20.450252 ] }, { "date": "2026-01-23", "close": 21.91, "volume": 5005, "typical_volume": 2437.6, "trend": 19.877333, "fair_value": 17.970436, "relative_strength": 5.66364, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.276894, "energy": 91.347157, "activity_lines": [ 21.786667, 21.346273, 20.984205, 20.591976 ] }, { "date": "2026-01-30", "close": 21.49, "volume": 2319, "typical_volume": 2134.1, "trend": 20.026667, "fair_value": 17.976429, "relative_strength": 2.1765, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.134903, "energy": 83.207544, "activity_lines": [ 21.742333, 21.435182, 21.058338, 20.696019 ] }, { "date": "2026-02-06", "close": 21.445, "volume": 3392, "typical_volume": 1519.4, "trend": 20.1745, "fair_value": 17.983256, "relative_strength": 1.339068, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.642238, "energy": 65.248574, "activity_lines": [ 21.650333, 21.492455, 21.121329, 20.787525 ] }, { "date": "2026-02-13", "close": 21.615, "volume": 584, "typical_volume": 1518.6, "trend": 20.306867, "fair_value": 17.991173, "relative_strength": 3.224807, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.587152, "energy": 56.586259, "activity_lines": [ 21.609, 21.558, 21.193457, 20.88046 ] }, { "date": "2026-02-20", "close": 21.959999, "volume": 450, "typical_volume": 1501.1, "trend": 20.439667, "fair_value": 18.005647, "relative_strength": 2.591927, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.333431, "energy": 61.070585, "activity_lines": [ 21.699, 21.665, 21.290776, 20.987114 ] }, { "date": "2026-02-27", "close": 22.125, "volume": 225, "typical_volume": 1471.7, "trend": 20.581833, "fair_value": 18.017186, "relative_strength": 1.831693, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.600762, "energy": 62.016974, "activity_lines": [ 21.846, 21.775727, 21.397024, 21.095845 ] }, { "date": "2026-03-06", "close": 22.0, "volume": 789, "typical_volume": 1472.05, "trend": 20.7141, "fair_value": 18.033019, "relative_strength": 8.226802, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.03375, "energy": 60.568356, "activity_lines": [ 21.937, 21.834818, 21.481, 21.18734 ] }, { "date": "2026-03-13", "close": 22.43, "volume": 592, "typical_volume": 1488.15, "trend": 20.8607, "fair_value": 18.052455, "relative_strength": 9.747943, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.049837, "energy": 76.569247, "activity_lines": [ 22.137333, 21.953909, 21.598714, 21.298043 ] }, { "date": "2026-03-20", "close": 21.424999, "volume": 3349, "typical_volume": 1518.4, "trend": 20.929933, "fair_value": 18.065449, "relative_strength": 8.312921, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.094833, "energy": 49.371766, "activity_lines": [ 21.937, 21.870727, 21.611809, 21.334449 ] }, { "date": "2026-03-27", "close": 21.254999, "volume": 171, "typical_volume": 1507.9, "trend": 20.976433, "fair_value": 18.077724, "relative_strength": 6.028774, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.658387, "energy": 25.984387, "activity_lines": [ 21.692666, 21.764545, 21.606595, 21.355421 ] }, { "date": "2026-04-03", "close": 21.504999, "volume": 187, "typical_volume": 1365.1, "trend": 21.0494, "fair_value": 18.090487, "relative_strength": 2.111527, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.257519, "energy": 21.200292, "activity_lines": [ 21.578666, 21.717181, 21.623762, 21.389522 ] }, { "date": "2026-04-10", "close": 21.735001, "volume": 2351, "typical_volume": 1357.55, "trend": 21.105567, "fair_value": 18.104314, "relative_strength": -1.004407, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.074214, "energy": 26.169181, "activity_lines": [ 21.582666, 21.719, 21.65919, 21.433755 ] }, { "date": "2026-04-17", "close": 22.445, "volume": 6357, "typical_volume": 1675.4, "trend": 21.188267, "fair_value": 18.121577, "relative_strength": -0.427549, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.463684, "energy": 31.678532, "activity_lines": [ 21.841, 21.845454, 21.754928, 21.52017 ] }, { "date": "2026-04-24", "close": 22.799999, "volume": 2740, "typical_volume": 1804.9, "trend": 21.281433, "fair_value": 18.141115, "relative_strength": 3.580288, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 81.928352, "energy": 72.733676, "activity_lines": [ 22.216666, 22.018272, 21.873785, 21.624153 ] }, { "date": "2026-05-01", "close": 22.889999, "volume": 626, "typical_volume": 1813.9, "trend": 21.359933, "fair_value": 18.165718, "relative_strength": 2.545877, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.184662, "energy": 87.125371, "activity_lines": [ 22.530666, 22.185909, 21.99, 21.727931 ] }, { "date": "2026-05-08", "close": 23.155001, "volume": 2105, "typical_volume": 1835.75, "trend": 21.466833, "fair_value": 18.192019, "relative_strength": 1.361613, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.259533, "energy": 93.508394, "activity_lines": [ 22.824, 22.384818, 22.120143, 21.843742 ] }, { "date": "2026-05-15", "close": 23.290001, "volume": 7406, "typical_volume": 2143.6, "trend": 21.560333, "fair_value": 18.219558, "relative_strength": 2.14962, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.590547, "energy": 92.017222, "activity_lines": [ 23.052334, 22.589545, 22.250667, 21.961365 ] }, { "date": "2026-05-22", "close": 23.360001, "volume": 1860, "typical_volume": 2185.3, "trend": 21.653667, "fair_value": 18.252827, "relative_strength": 1.509178, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.111494, "energy": 90.234964, "activity_lines": [ 23.200334, 22.783546, 22.376952, 22.077473 ] }, { "date": "2026-05-29", "close": 23.540001, "volume": 2212, "typical_volume": 2285.1, "trend": 21.739, "fair_value": 18.288365, "relative_strength": 1.018052, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.742148, "energy": 88.485992, "activity_lines": [ 23.347334, 22.993364, 22.510833, 22.199172 ] }, { "date": "2026-06-05", "close": 23.115, "volume": 520, "typical_volume": 2162.0, "trend": 21.811, "fair_value": 18.321064, "relative_strength": -0.695872, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.563951, "energy": 63.431717, "activity_lines": [ 23.303334, 23.087455, 22.596238, 22.287946 ] }, { "date": "2026-06-12", "close": 23.295, "volume": 432, "typical_volume": 1933.35, "trend": 21.896167, "fair_value": 18.353301, "relative_strength": -3.120987, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.554642, "energy": 60.613107, "activity_lines": [ 23.304334, 23.180455, 22.693429, 22.383688 ] }, { "date": "2026-06-19", "close": 23.780001, "volume": 0, "typical_volume": 1817.4, "trend": 22.0155, "fair_value": 18.39057, "relative_strength": -3.70295, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.234065, "energy": 68.795053, "activity_lines": [ 23.457667, 23.329091, 22.830214, 22.505226 ] }, { "date": "2026-06-26", "close": 24.35, "volume": 4, "typical_volume": 1648.0, "trend": 22.153833, "fair_value": 18.434635, "relative_strength": 1.453551, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.212783, "energy": 74.551144, "activity_lines": [ 23.768334, 23.544182, 23.010381, 22.655839 ] }, { "date": "2026-07-03", "close": 24.030001, "volume": 632, "typical_volume": 1650.4, "trend": 22.273333, "fair_value": 18.476647, "relative_strength": -2.927625, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.53839, "energy": 82.438417, "activity_lines": [ 23.906334, 23.666455, 23.146238, 22.776882 ] }, { "date": "2026-07-10", "close": 24.125, "volume": 399, "typical_volume": 1647.85, "trend": 22.393667, "fair_value": 18.519269, "relative_strength": -2.30087, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.444207, "energy": 83.438975, "activity_lines": [ 24.043334, 23.783637, 23.279643, 22.896344 ] }, { "date": "2026-07-17", "close": 22.42, "volume": 2128, "typical_volume": 1743.0, "trend": 22.4565, "fair_value": 18.55141, "relative_strength": -7.903654, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.845598, "energy": 35.646645, "activity_lines": [ 23.544667, 23.568364, 23.240357, 22.898043 ] }, { "date": "2026-07-24", "close": 23.254999, "volume": 331, "typical_volume": 1720.1, "trend": 22.531667, "fair_value": 18.584096, "relative_strength": -4.355665, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.900483, "energy": 25.030816, "activity_lines": [ 23.382666, 23.518273, 23.279191, 22.949559 ] }, { "date": "2026-07-31", "close": 22.959999, "volume": 100, "typical_volume": 1695.5, "trend": 22.585167, "fair_value": 18.61366, "relative_strength": -6.213312, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.293218, "energy": 24.918414, "activity_lines": [ 23.157333, 23.415182, 23.283952, 22.977194 ] }, { "date": "2026-08-07", "close": 23.49, "volume": 163, "typical_volume": 1536.2, "trend": 22.6395, "fair_value": 18.647032, "relative_strength": -6.821911, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.214651, "energy": 26.996834, "activity_lines": [ 23.201333, 23.415727, 23.336667, 23.03557 ] } ], "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." } } }