{ "ticker": { "uuid": "75caf771-8571-4631-8f86-4265174e6fab", "symbol": "ROBO", "name": "L&G ROBO Global Robotics and Automation UCITS ETF", "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": 93.03, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 22.517, "architecture_energy": 21.337, "architecture_maturity": 68.53, "architecture_confidence": 85.933, "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": 48.09, "rotation_up": 25.18, "upward_expansion": 50.06, "deceleration": 82.13, "rotation_down": 41.13, "downward_expansion": 30.39 }, "activity_lines": [ 28.441, 28.791182, 28.939286, 28.289656 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 29.58, "trend_reference": 27.450167, "distance_from_trend": 0.077589, "trend_direction": "Improving", "fair_value": 22.147423, "distance_from_fair_value": 0.335596, "fair_value_direction": "Weakening", "relative_strength": -0.675735, "relative_strength_direction": "Weakening", "price_momentum": 0.171949, "excess_performance": 0.001058, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.077589, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.067671, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.335596, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.037283, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.006757, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.112563, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.171949, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.516806, "read": "Demand-led" } ], "volume": { "latest": 215303, "relative_activity": 1.526527, "balance": 2.516806, "dry_up": 1.157319, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.050047, "annualized_volatility": 0.260042, "from_high_reference": -0.055857, "from_low_reference": 0.381275 }, "levels": { "trend_reference": 27.450167, "fair_value_reference": 22.147423, "structural_low": 23.295, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 7, "median_return": 0.067704, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": 0.044244, "regime_survival": 0.428571, "best_return": 0.164979, "worst_return": -0.184019, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.045617, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.000251, "regime_survival": 0.0, "best_return": 0.230169, "worst_return": -0.025424, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.02144, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.057942, "regime_survival": 0.0, "best_return": 0.058111, "worst_return": -0.119363, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.119627, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.044465, "regime_survival": 0.0, "best_return": 0.252058, "worst_return": -0.254288, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-07", "end": "2024-07-26", "tenure": "Developing", "return": -0.010914, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-02", "end": "2024-09-27", "tenure": "Developing", "return": 0.094179, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-04", "end": "2024-10-11", "tenure": "New", "return": 0.010389, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-18", "end": "2024-11-22", "tenure": "Developing", "return": 0.059304, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-29", "end": "2025-02-28", "tenure": "Established", "return": -0.006153, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-07", "end": "2025-03-21", "tenure": "New", "return": -0.010896, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-28", "end": "2025-04-11", "tenure": "New", "return": -0.151817, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-06-13", "tenure": "Developing", "return": 0.173651, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-07-18", "tenure": "Developing", "return": 0.075802, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-25", "end": "2025-08-22", "tenure": "Developing", "return": 0.015701, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2026-03-20", "tenure": "Extended", "return": 0.100615, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-24", "tenure": "Developing", "return": 0.164979, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-07-10", "tenure": "Developing", "return": 0.056045, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.079168, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 19.278, "volume": 31065, "typical_volume": 91629.5, "trend": 20.155267, "fair_value": 20.201865, "relative_strength": -7.943187, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -31.503172, "energy": 30.61703, "activity_lines": [ 20.118066, 20.537018, 20.588962, 20.389295 ] }, { "date": "2023-08-25", "close": 19.466, "volume": 39481, "typical_volume": 89817.25, "trend": 20.1582, "fair_value": 20.223968, "relative_strength": -8.048076, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -30.055287, "energy": 39.513079, "activity_lines": [ 19.787266, 20.293709, 20.503238, 20.344826 ] }, { "date": "2023-09-01", "close": 20.275, "volume": 50963, "typical_volume": 89681.8, "trend": 20.156867, "fair_value": 20.253513, "relative_strength": -5.369967, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.173305, "energy": 36.755819, "activity_lines": [ 19.837066, 20.236382, 20.493438, 20.352361 ] }, { "date": "2023-09-08", "close": 19.702, "volume": 47223, "typical_volume": 88733.55, "trend": 20.155133, "fair_value": 20.277897, "relative_strength": -6.311144, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.956361, "energy": 46.024111, "activity_lines": [ 19.769867, 20.084236, 20.425605, 20.323015 ] }, { "date": "2023-09-15", "close": 19.511999, "volume": 44247, "typical_volume": 88987.9, "trend": 20.147867, "fair_value": 20.299603, "relative_strength": -8.909744, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.777903, "energy": 39.792813, "activity_lines": [ 19.693533, 19.928418, 20.338857, 20.281522 ] }, { "date": "2023-09-22", "close": 18.896, "volume": 111415, "typical_volume": 93002.05, "trend": 20.125267, "fair_value": 20.319282, "relative_strength": -10.440404, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.10363, "energy": 42.255743, "activity_lines": [ 19.443333, 19.685018, 20.192519, 20.200757 ] }, { "date": "2023-09-29", "close": 19.115999, "volume": 91684, "typical_volume": 94788.2, "trend": 20.0903, "fair_value": 20.337128, "relative_strength": -7.954208, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.947651, "energy": 53.561005, "activity_lines": [ 19.291933, 19.52169, 20.069228, 20.135643 ] }, { "date": "2023-10-06", "close": 18.698, "volume": 81037, "typical_volume": 93677.55, "trend": 20.0549, "fair_value": 20.348513, "relative_strength": -8.177195, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.919118, "energy": 76.730334, "activity_lines": [ 19.024533, 19.318981, 19.907519, 20.045817 ] }, { "date": "2023-10-13", "close": 18.754, "volume": 64086, "typical_volume": 84864.2, "trend": 20.0377, "fair_value": 20.358462, "relative_strength": -8.952729, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.253901, "energy": 77.964749, "activity_lines": [ 18.880933, 19.175309, 19.758462, 19.961888 ] }, { "date": "2023-10-20", "close": 17.788, "volume": 162099, "typical_volume": 87455.65, "trend": 19.986967, "fair_value": 20.363936, "relative_strength": -10.536972, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.283597, "energy": 87.454499, "activity_lines": [ 18.478533, 18.888018, 19.525743, 19.816746 ] }, { "date": "2023-10-27", "close": 17.356001, "volume": 278390, "typical_volume": 96712.95, "trend": 19.896167, "fair_value": 20.369692, "relative_strength": -12.137331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.447464, "energy": 93.286611, "activity_lines": [ 18.047067, 18.562109, 19.267057, 19.647006 ] }, { "date": "2023-11-03", "close": 18.108, "volume": 127497, "typical_volume": 96204.4, "trend": 19.858767, "fair_value": 20.374769, "relative_strength": -12.485097, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.931061, "energy": 83.708948, "activity_lines": [ 17.968934, 18.407873, 19.098271, 19.531641 ] }, { "date": "2023-11-10", "close": 18.025999, "volume": 47314, "typical_volume": 94116.75, "trend": 19.808033, "fair_value": 20.377154, "relative_strength": -12.032067, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.494024, "energy": 79.963593, "activity_lines": [ 17.930667, 18.263418, 18.938328, 19.413398 ] }, { "date": "2023-11-17", "close": 18.667999, "volume": 100900, "typical_volume": 92839.45, "trend": 19.7793, "fair_value": 20.380667, "relative_strength": -11.693754, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.652833, "energy": 54.715536, "activity_lines": [ 18.1512, 18.276582, 18.85269, 19.339847 ] }, { "date": "2023-11-24", "close": 18.968, "volume": 44240, "typical_volume": 91283.3, "trend": 19.767633, "fair_value": 20.382885, "relative_strength": -9.804042, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.380564, "energy": 33.913356, "activity_lines": [ 18.477466, 18.363091, 18.808633, 19.287505 ] }, { "date": "2023-12-01", "close": 19.388, "volume": 67715, "typical_volume": 90576.75, "trend": 19.769367, "fair_value": 20.386128, "relative_strength": -9.05572, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.015259, "energy": 24.628666, "activity_lines": [ 18.865066, 18.535854, 18.813562, 19.263013 ] }, { "date": "2023-12-08", "close": 19.620001, "volume": 109755, "typical_volume": 92841.9, "trend": 19.776433, "fair_value": 20.390949, "relative_strength": -9.131653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.553741, "energy": 24.333257, "activity_lines": [ 19.194533, 18.741855, 18.848738, 19.253376 ] }, { "date": "2023-12-15", "close": 20.65, "volume": 140610, "typical_volume": 95691.55, "trend": 19.790266, "fair_value": 20.398385, "relative_strength": -4.091906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 26.279022, "energy": 39.574665, "activity_lines": [ 19.766534, 19.125964, 18.9892, 19.309735 ] }, { "date": "2023-12-22", "close": 20.73, "volume": 84547, "typical_volume": 90632.5, "trend": 19.797767, "fair_value": 20.404654, "relative_strength": -3.540837, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.937189, "energy": 61.410019, "activity_lines": [ 20.190267, 19.489127, 19.140781, 19.370363 ] }, { "date": "2023-12-29", "close": 20.725, "volume": 35920, "typical_volume": 88009.4, "trend": 19.789433, "fair_value": 20.411109, "relative_strength": -3.445619, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.123925, "energy": 72.726282, "activity_lines": [ 20.474867, 19.815455, 19.290862, 19.430185 ] }, { "date": "2024-01-05", "close": 19.924, "volume": 112630, "typical_volume": 92087.65, "trend": 19.747067, "fair_value": 20.402513, "relative_strength": -7.301832, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.849837, "energy": 64.187211, "activity_lines": [ 20.375333, 19.942745, 19.361129, 19.438867 ] }, { "date": "2024-01-12", "close": 20.459999, "volume": 60931, "typical_volume": 93160.15, "trend": 19.7089, "fair_value": 20.396167, "relative_strength": -4.770611, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.005708, "energy": 51.121427, "activity_lines": [ 20.418733, 20.1208, 19.479367, 19.484862 ] }, { "date": "2024-01-19", "close": 20.105, "volume": 90403, "typical_volume": 95132.15, "trend": 19.686066, "fair_value": 20.385141, "relative_strength": -5.680248, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.403092, "energy": 36.116452, "activity_lines": [ 20.2878, 20.191545, 19.559062, 19.510417 ] }, { "date": "2024-01-26", "close": 20.795, "volume": 71067, "typical_volume": 96324.35, "trend": 19.6659, "fair_value": 20.38184, "relative_strength": -2.619256, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.919587, "energy": 38.015992, "activity_lines": [ 20.4232, 20.349945, 19.705281, 19.581961 ] }, { "date": "2024-02-02", "close": 20.565001, "volume": 105148, "typical_volume": 99369.4, "trend": 19.656233, "fair_value": 20.36934, "relative_strength": -4.538957, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.697971, "energy": 37.912009, "activity_lines": [ 20.4776, 20.427855, 19.82439, 19.639968 ] }, { "date": "2024-02-09", "close": 20.77, "volume": 94240, "typical_volume": 98510.65, "trend": 19.645233, "fair_value": 20.352865, "relative_strength": -4.791881, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.604343, "energy": 51.920589, "activity_lines": [ 20.611, 20.514, 19.95801, 19.711824 ] }, { "date": "2024-02-16", "close": 20.945, "volume": 99212, "typical_volume": 98887.05, "trend": 19.639067, "fair_value": 20.340077, "relative_strength": -5.600494, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.359019, "energy": 68.904751, "activity_lines": [ 20.746334, 20.606836, 20.099371, 19.79568 ] }, { "date": "2024-02-23", "close": 20.955, "volume": 104771, "typical_volume": 100073.75, "trend": 19.624733, "fair_value": 20.337385, "relative_strength": -8.14045, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.223756, "energy": 65.938105, "activity_lines": [ 20.852667, 20.6774, 20.232976, 19.880578 ] }, { "date": "2024-03-01", "close": 21.459999, "volume": 130579, "typical_volume": 103398.4, "trend": 19.656233, "fair_value": 20.346327, "relative_strength": -6.403635, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.349349, "energy": 77.746943, "activity_lines": [ 21.070666, 20.834236, 20.403928, 19.998983 ] }, { "date": "2024-03-08", "close": 21.635, "volume": 204713, "typical_volume": 105529.1, "trend": 19.711267, "fair_value": 20.348378, "relative_strength": -6.770744, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.93603, "energy": 79.951719, "activity_lines": [ 21.302666, 21.009618, 20.578662, 20.126645 ] }, { "date": "2024-03-15", "close": 21.08, "volume": 82793, "typical_volume": 95749.25, "trend": 19.771333, "fair_value": 20.346135, "relative_strength": -10.262202, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.943327, "energy": 69.158348, "activity_lines": [ 21.278333, 21.067545, 20.682219, 20.21495 ] }, { "date": "2024-03-22", "close": 21.620001, "volume": 97686, "typical_volume": 94258.7, "trend": 19.843133, "fair_value": 20.34857, "relative_strength": -8.751265, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.140307, "energy": 69.638068, "activity_lines": [ 21.413334, 21.202636, 20.819471, 20.334219 ] }, { "date": "2024-03-29", "close": 21.745001, "volume": 91095, "typical_volume": 96447.75, "trend": 19.892133, "fair_value": 20.347801, "relative_strength": -9.004711, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.425507, "energy": 60.698762, "activity_lines": [ 21.545001, 21.339364, 20.951905, 20.45692 ] }, { "date": "2024-04-05", "close": 20.924999, "volume": 54038, "typical_volume": 94104.65, "trend": 19.9329, "fair_value": 20.341519, "relative_strength": -10.304316, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.661144, "energy": 46.758851, "activity_lines": [ 21.350667, 21.297182, 20.988533, 20.523557 ] }, { "date": "2024-04-12", "close": 20.940001, "volume": 71208, "typical_volume": 95453.05, "trend": 19.9805, "fair_value": 20.336038, "relative_strength": -9.377161, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.702347, "energy": 37.572181, "activity_lines": [ 21.197, 21.255364, 21.015843, 20.588531 ] }, { "date": "2024-04-19", "close": 20.040001, "volume": 103214, "typical_volume": 97228.0, "trend": 20.018633, "fair_value": 20.325397, "relative_strength": -13.400812, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 10.976341, "energy": 15.710117, "activity_lines": [ 20.789667, 21.043091, 20.948048, 20.59237 ] }, { "date": "2024-04-26", "close": 20.5, "volume": 40064, "typical_volume": 93743.45, "trend": 20.064767, "fair_value": 20.319628, "relative_strength": -11.976249, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 15.642327, "energy": 24.549038, "activity_lines": [ 20.605, 20.927728, 20.920957, 20.623426 ] }, { "date": "2024-05-03", "close": 20.77, "volume": 35798, "typical_volume": 88502.85, "trend": 20.133833, "fair_value": 20.31857, "relative_strength": -8.939836, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 8.090031, "energy": 21.562702, "activity_lines": [ 20.585, 20.869546, 20.915391, 20.668925 ] }, { "date": "2024-05-10", "close": 21.145, "volume": 93841, "typical_volume": 88967.55, "trend": 20.213533, "fair_value": 20.324692, "relative_strength": -9.790882, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 19.860644, "energy": 19.75604, "activity_lines": [ 20.755, 20.882909, 20.944967, 20.734161 ] }, { "date": "2024-05-17", "close": 21.030001, "volume": 47410, "typical_volume": 89542.05, "trend": 20.3216, "fair_value": 20.328763, "relative_strength": -11.808015, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 22.025206, "energy": 12.389113, "activity_lines": [ 20.872, 20.881091, 20.961615, 20.786837 ] }, { "date": "2024-05-24", "close": 20.945, "volume": 35643, "typical_volume": 85692.7, "trend": 20.441233, "fair_value": 20.328923, "relative_strength": -9.437594, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.165811, "energy": 20.729156, "activity_lines": [ 20.954667, 20.874819, 20.968715, 20.827056 ] }, { "date": "2024-05-31", "close": 20.385, "volume": 35348, "typical_volume": 84413.55, "trend": 20.517133, "fair_value": 20.324949, "relative_strength": -11.394185, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 10.335984, "energy": 9.620637, "activity_lines": [ 20.790334, 20.769182, 20.917619, 20.823428 ] }, { "date": "2024-06-07", "close": 20.615, "volume": 88045, "typical_volume": 84295.65, "trend": 20.603433, "fair_value": 20.322128, "relative_strength": -10.349211, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.988462, "energy": 8.036129, "activity_lines": [ 20.710333, 20.727818, 20.888786, 20.829742 ] }, { "date": "2024-06-14", "close": 20.525, "volume": 47446, "typical_volume": 83114.6, "trend": 20.665333, "fair_value": 20.317897, "relative_strength": -4.883613, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.852331, "energy": 22.060956, "activity_lines": [ 20.610667, 20.690637, 20.848953, 20.824682 ] }, { "date": "2024-06-21", "close": 20.559999, "volume": 82392, "typical_volume": 81976.8, "trend": 20.7184, "fair_value": 20.309724, "relative_strength": -6.162521, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.093332, "energy": 33.853554, "activity_lines": [ 20.564, 20.667091, 20.813738, 20.817886 ] }, { "date": "2024-06-28", "close": 20.645, "volume": 68094, "typical_volume": 80669.5, "trend": 20.7603, "fair_value": 20.301872, "relative_strength": -4.958018, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.604242, "energy": 27.282311, "activity_lines": [ 20.577, 20.665909, 20.786643, 20.813151 ] }, { "date": "2024-07-05", "close": 20.610001, "volume": 56580, "typical_volume": 78537.9, "trend": 20.7933, "fair_value": 20.293699, "relative_strength": -7.053435, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.838671, "energy": 22.136702, "activity_lines": [ 20.598333, 20.647364, 20.75681, 20.803454 ] }, { "date": "2024-07-12", "close": 21.280001, "volume": 115637, "typical_volume": 79081.2, "trend": 20.8143, "fair_value": 20.291679, "relative_strength": -5.34057, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.822963, "energy": 10.943785, "activity_lines": [ 20.828, 20.748637, 20.792381, 20.834854 ] }, { "date": "2024-07-19", "close": 20.514999, "volume": 80349, "typical_volume": 76569.7, "trend": 20.807133, "fair_value": 20.281776, "relative_strength": -7.406532, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.660092, "energy": 9.179487, "activity_lines": [ 20.758333, 20.701545, 20.753548, 20.815544 ] }, { "date": "2024-07-26", "close": 20.389999, "volume": 82665, "typical_volume": 70467.3, "trend": 20.795967, "fair_value": 20.271199, "relative_strength": -6.532804, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.383779, "energy": 19.307381, "activity_lines": [ 20.647666, 20.643182, 20.70731, 20.788632 ] }, { "date": "2024-08-02", "close": 18.931999, "volume": 145431, "typical_volume": 73599.2, "trend": 20.7629, "fair_value": 20.248519, "relative_strength": -8.009984, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.18302, "energy": 67.959808, "activity_lines": [ 20.062333, 20.331363, 20.528143, 20.668376 ] }, { "date": "2024-08-09", "close": 19.086, "volume": 176463, "typical_volume": 77538.05, "trend": 20.7171, "fair_value": 20.227115, "relative_strength": -6.272209, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.423522, "energy": 79.258128, "activity_lines": [ 19.642533, 20.084145, 20.373871, 20.560189 ] }, { "date": "2024-08-16", "close": 19.653999, "volume": 38751, "typical_volume": 74920.85, "trend": 20.702067, "fair_value": 20.212429, "relative_strength": -6.882302, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.442636, "energy": 73.826681, "activity_lines": [ 19.513666, 19.963818, 20.285762, 20.491602 ] }, { "date": "2024-08-23", "close": 19.914, "volume": 34964, "typical_volume": 73967.15, "trend": 20.6727, "fair_value": 20.195692, "relative_strength": -7.083063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.095306, "energy": 71.801346, "activity_lines": [ 19.579866, 19.908236, 20.232371, 20.440759 ] }, { "date": "2024-08-30", "close": 19.997999, "volume": 66920, "typical_volume": 73752.75, "trend": 20.6538, "fair_value": 20.175167, "relative_strength": -8.305258, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.853119, "energy": 42.38467, "activity_lines": [ 19.714133, 19.879036, 20.191795, 20.39723 ] }, { "date": "2024-09-06", "close": 18.636, "volume": 64246, "typical_volume": 71804.35, "trend": 20.582667, "fair_value": 20.144949, "relative_strength": -11.402372, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.547242, "energy": 49.270484, "activity_lines": [ 19.420533, 19.612418, 20.02599, 20.267049 ] }, { "date": "2024-09-13", "close": 19.506001, "volume": 57148, "typical_volume": 72658.55, "trend": 20.5347, "fair_value": 20.120692, "relative_strength": -7.767125, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.001131, "energy": 37.650482, "activity_lines": [ 19.436667, 19.540509, 19.949728, 20.197587 ] }, { "date": "2024-09-20", "close": 19.742001, "volume": 58974, "typical_volume": 73817.35, "trend": 20.494267, "fair_value": 20.098718, "relative_strength": -6.970335, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.347889, "energy": 34.638118, "activity_lines": [ 19.503467, 19.531582, 19.900676, 20.146445 ] }, { "date": "2024-09-27", "close": 20.715, "volume": 71095, "typical_volume": 72680.05, "trend": 20.469433, "fair_value": 20.090865, "relative_strength": -4.864016, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.530308, "energy": 15.258471, "activity_lines": [ 19.888734, 19.727527, 19.949186, 20.160686 ] }, { "date": "2024-10-04", "close": 20.695, "volume": 73129, "typical_volume": 73966.0, "trend": 20.4381, "fair_value": 20.082596, "relative_strength": -1.580464, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.633214, "energy": 14.559686, "activity_lines": [ 20.213934, 19.9162, 19.997838, 20.175239 ] }, { "date": "2024-10-11", "close": 20.91, "volume": 64130, "typical_volume": 75390.35, "trend": 20.432433, "fair_value": 20.071635, "relative_strength": -2.463646, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.473127, "energy": 27.767529, "activity_lines": [ 20.564334, 20.138418, 20.068562, 20.205684 ] }, { "date": "2024-10-18", "close": 20.825001, "volume": 55452, "typical_volume": 76395.55, "trend": 20.405933, "fair_value": 20.058237, "relative_strength": -5.161274, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.194601, "energy": 31.970933, "activity_lines": [ 20.7348, 20.309218, 20.131357, 20.231011 ] }, { "date": "2024-10-25", "close": 20.545, "volume": 38588, "typical_volume": 73922.7, "trend": 20.365933, "fair_value": 20.038942, "relative_strength": -5.152513, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 19.947244, "energy": 36.628386, "activity_lines": [ 20.724, 20.397491, 20.165391, 20.239983 ] }, { "date": "2024-11-01", "close": 20.665001, "volume": 53775, "typical_volume": 74239.15, "trend": 20.357267, "fair_value": 20.013013, "relative_strength": -4.218283, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 19.848495, "energy": 39.30332, "activity_lines": [ 20.699667, 20.491382, 20.211186, 20.259278 ] }, { "date": "2024-11-08", "close": 21.690001, "volume": 86177, "typical_volume": 74428.4, "trend": 20.382267, "fair_value": 19.99391, "relative_strength": 3.057596, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.335346, "energy": 56.418136, "activity_lines": [ 21.020334, 20.757982, 20.353934, 20.34526 ] }, { "date": "2024-11-15", "close": 21.174999, "volume": 81843, "typical_volume": 75115.85, "trend": 20.4201, "fair_value": 19.969167, "relative_strength": -0.451113, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.978663, "energy": 47.279508, "activity_lines": [ 21.103, 20.900182, 20.442253, 20.396404 ] }, { "date": "2024-11-22", "close": 22.059999, "volume": 60821, "typical_volume": 75327.9, "trend": 20.4721, "fair_value": 19.958141, "relative_strength": 5.821343, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.557705, "energy": 74.789612, "activity_lines": [ 21.463, 21.157127, 20.612333, 20.502204 ] }, { "date": "2024-11-29", "close": 21.940001, "volume": 41277, "typical_volume": 71609.9, "trend": 20.5111, "fair_value": 19.946282, "relative_strength": 5.469107, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.743446, "energy": 75.747193, "activity_lines": [ 21.700667, 21.345818, 20.764081, 20.596908 ] }, { "date": "2024-12-06", "close": 22.174999, "volume": 572566, "typical_volume": 96220.75, "trend": 20.545433, "fair_value": 19.932532, "relative_strength": 2.526287, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.070954, "energy": 80.265693, "activity_lines": [ 21.923666, 21.537273, 20.935067, 20.704256 ] }, { "date": "2024-12-13", "close": 21.985001, "volume": 55629, "typical_volume": 94868.95, "trend": 20.577267, "fair_value": 19.918333, "relative_strength": 1.398618, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.367819, "energy": 79.00673, "activity_lines": [ 21.982667, 21.667636, 21.080053, 20.797131 ] }, { "date": "2024-12-20", "close": 21.725, "volume": 51693, "typical_volume": 90182.05, "trend": 20.603267, "fair_value": 19.9, "relative_strength": 3.658827, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.829208, "energy": 63.02912, "activity_lines": [ 21.935333, 21.727273, 21.192681, 20.871179 ] }, { "date": "2024-12-27", "close": 21.924999, "volume": 9537, "typical_volume": 81835.75, "trend": 20.6546, "fair_value": 19.88141, "relative_strength": 3.535019, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.099231, "energy": 53.305238, "activity_lines": [ 21.918, 21.808454, 21.311057, 20.956452 ] }, { "date": "2025-01-03", "close": 22.17, "volume": 26431, "typical_volume": 81219.75, "trend": 20.706433, "fair_value": 19.872532, "relative_strength": 4.809132, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.210642, "energy": 50.238672, "activity_lines": [ 21.991333, 21.914182, 21.439248, 21.054219 ] }, { "date": "2025-01-10", "close": 22.084999, "volume": 35431, "typical_volume": 81243.1, "trend": 20.758433, "fair_value": 19.866987, "relative_strength": 1.67768, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.887141, "energy": 45.992578, "activity_lines": [ 22.021, 21.974909, 21.547362, 21.143159 ] }, { "date": "2025-01-17", "close": 22.860001, "volume": 34818, "typical_volume": 79638.0, "trend": 20.8351, "fair_value": 19.870961, "relative_strength": 1.93363, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.219704, "energy": 56.618347, "activity_lines": [ 22.315, 22.150727, 21.718948, 21.278744 ] }, { "date": "2025-01-24", "close": 23.41, "volume": 83255, "typical_volume": 80588.45, "trend": 20.927267, "fair_value": 19.885385, "relative_strength": 4.702547, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.261145, "energy": 76.564992, "activity_lines": [ 22.734, 22.405273, 21.929286, 21.444867 ] }, { "date": "2025-01-31", "close": 23.245001, "volume": 63868, "typical_volume": 80924.45, "trend": 21.0151, "fair_value": 19.898333, "relative_strength": 3.295453, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.233274, "energy": 78.371996, "activity_lines": [ 22.985667, 22.589182, 22.101176, 21.594398 ] }, { "date": "2025-02-07", "close": 23.049999, "volume": 53531, "typical_volume": 80652.3, "trend": 21.0741, "fair_value": 19.907179, "relative_strength": 0.955016, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.922754, "energy": 77.312416, "activity_lines": [ 23.084333, 22.716091, 22.23669, 21.725682 ] }, { "date": "2025-02-14", "close": 22.674999, "volume": 46135, "typical_volume": 79404.3, "trend": 21.1461, "fair_value": 19.917788, "relative_strength": -2.907528, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.041795, "energy": 61.177796, "activity_lines": [ 22.999333, 22.754636, 22.320738, 21.828966 ] }, { "date": "2025-02-21", "close": 22.945, "volume": 37141, "typical_volume": 77604.9, "trend": 21.231267, "fair_value": 19.929904, "relative_strength": -2.751609, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.633632, "energy": 49.365347, "activity_lines": [ 22.965, 22.833182, 22.421167, 21.945024 ] }, { "date": "2025-02-28", "close": 21.805, "volume": 40600, "typical_volume": 76428.4, "trend": 21.327033, "fair_value": 19.937404, "relative_strength": -7.89032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.163242, "energy": 23.824345, "activity_lines": [ 22.545, 22.687, 22.402309, 21.982039 ] }, { "date": "2025-03-07", "close": 20.65, "volume": 54916, "typical_volume": 76401.6, "trend": 21.379167, "fair_value": 19.940769, "relative_strength": -12.319148, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.697273, "energy": 19.455274, "activity_lines": [ 21.847, 22.329364, 22.26919, 21.938359 ] }, { "date": "2025-03-14", "close": 20.305, "volume": 120635, "typical_volume": 80503.95, "trend": 21.400867, "fair_value": 19.934199, "relative_strength": -13.661645, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -42.150197, "energy": 43.315347, "activity_lines": [ 21.207, 21.932182, 22.104048, 21.869058 ] }, { "date": "2025-03-21", "close": 20.424999, "volume": 47619, "typical_volume": 80196.15, "trend": 21.4179, "fair_value": 19.930192, "relative_strength": -13.709186, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -37.939774, "energy": 48.644119, "activity_lines": [ 20.79, 21.590727, 21.951476, 21.806099 ] }, { "date": "2025-03-28", "close": 19.483999, "volume": 40790, "typical_volume": 77926.8, "trend": 21.400767, "fair_value": 19.919994, "relative_strength": -16.729298, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.477252, "energy": 74.348119, "activity_lines": [ 20.209333, 21.108363, 21.710428, 21.681331 ] }, { "date": "2025-04-04", "close": 16.85, "volume": 96361, "typical_volume": 78652.7, "trend": 21.341233, "fair_value": 19.89759, "relative_strength": -19.154049, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -69.917142, "energy": 88.354793, "activity_lines": [ 18.9814, 20.208472, 21.229028, 21.387733 ] }, { "date": "2025-04-11", "close": 16.525999, "volume": 102011, "typical_volume": 80712.2, "trend": 21.2419, "fair_value": 19.875833, "relative_strength": -18.912809, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -91.887855, "energy": 96.215984, "activity_lines": [ 17.975799, 19.368945, 20.737366, 21.077073 ] }, { "date": "2025-04-18", "close": 16.896, "volume": 46597, "typical_volume": 80978.2, "trend": 21.147033, "fair_value": 19.859756, "relative_strength": -21.288772, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.962051, "energy": 92.044806, "activity_lines": [ 17.368466, 18.718854, 20.307295, 20.796692 ] }, { "date": "2025-04-25", "close": 17.761999, "volume": 70205, "typical_volume": 55860.15, "trend": 21.0486, "fair_value": 19.849551, "relative_strength": -19.968095, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.138814, "energy": 87.333776, "activity_lines": [ 17.277066, 18.338109, 19.983719, 20.578303 ] }, { "date": "2025-05-02", "close": 18.68, "volume": 50107, "typical_volume": 55584.05, "trend": 20.981433, "fair_value": 19.850872, "relative_strength": -17.636678, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.613369, "energy": 64.502504, "activity_lines": [ 17.6692, 18.2136, 19.768585, 20.42549 ] }, { "date": "2025-05-09", "close": 19.166, "volume": 53190, "typical_volume": 55658.9, "trend": 20.9233, "fair_value": 19.854961, "relative_strength": -17.39943, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.209327, "energy": 47.17026, "activity_lines": [ 18.276933, 18.255, 19.615476, 20.308365 ] }, { "date": "2025-05-16", "close": 20.295, "volume": 48391, "typical_volume": 57601.6, "trend": 20.905633, "fair_value": 19.868442, "relative_strength": -15.037313, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.216071, "energy": 27.216346, "activity_lines": [ 19.1066, 18.549654, 19.582076, 20.26783 ] }, { "date": "2025-05-23", "close": 19.681999, "volume": 30252, "typical_volume": 57792.65, "trend": 20.876866, "fair_value": 19.873942, "relative_strength": -14.835554, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.154642, "energy": 30.549492, "activity_lines": [ 19.480666, 18.739309, 19.498057, 20.188886 ] }, { "date": "2025-05-30", "close": 19.854, "volume": 41218, "typical_volume": 58082.0, "trend": 20.849833, "fair_value": 19.880776, "relative_strength": -15.135984, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.730458, "energy": 29.176814, "activity_lines": [ 19.726333, 18.971563, 19.442266, 20.122894 ] }, { "date": "2025-06-06", "close": 20.125, "volume": 17975, "typical_volume": 57239.85, "trend": 20.797666, "fair_value": 19.893102, "relative_strength": -14.79045, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.570994, "energy": 25.52712, "activity_lines": [ 19.922866, 19.263472, 19.422909, 20.076131 ] }, { "date": "2025-06-13", "close": 19.83, "volume": 40190, "typical_volume": 55086.6, "trend": 20.752833, "fair_value": 19.910346, "relative_strength": -13.203358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.327602, "energy": 16.797016, "activity_lines": [ 19.924733, 19.490091, 19.388481, 20.013701 ] }, { "date": "2025-06-20", "close": 19.761999, "volume": 43199, "typical_volume": 54053.15, "trend": 20.676233, "fair_value": 19.923961, "relative_strength": -12.713456, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.004628, "energy": 14.148842, "activity_lines": [ 19.859666, 19.650163, 19.364623, 19.949776 ] }, { "date": "2025-06-27", "close": 20.545, "volume": 39081, "typical_volume": 53330.65, "trend": 20.629733, "fair_value": 19.945429, "relative_strength": -10.105068, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.258237, "energy": 12.031352, "activity_lines": [ 20.091133, 19.893763, 19.431923, 19.941309 ] }, { "date": "2025-07-04", "close": 20.66, "volume": 99369, "typical_volume": 55992.35, "trend": 20.579233, "fair_value": 19.95975, "relative_strength": -9.069749, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.610875, "energy": 20.741412, "activity_lines": [ 20.3034, 20.091927, 19.522104, 19.943262 ] }, { "date": "2025-07-11", "close": 20.82, "volume": 43672, "typical_volume": 56318.9, "trend": 20.5404, "fair_value": 19.978263, "relative_strength": -9.115915, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.600666, "energy": 41.105547, "activity_lines": [ 20.515267, 20.266491, 19.637119, 19.958795 ] }, { "date": "2025-07-18", "close": 21.26, "volume": 61990, "typical_volume": 57388.4, "trend": 20.5249, "fair_value": 19.992788, "relative_strength": -7.50929, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.359843, "energy": 58.104779, "activity_lines": [ 20.827467, 20.482145, 19.804157, 20.005221 ] }, { "date": "2025-07-25", "close": 21.655001, "volume": 71057, "typical_volume": 58195.45, "trend": 20.5159, "fair_value": 20.005859, "relative_strength": -6.523708, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.280708, "energy": 64.70634, "activity_lines": [ 21.176, 20.731546, 20.011409, 20.078131 ] }, { "date": "2025-08-01", "close": 21.475, "volume": 64721, "typical_volume": 55399.75, "trend": 20.492733, "fair_value": 20.015968, "relative_strength": -5.311838, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.733749, "energy": 64.58997, "activity_lines": [ 21.338334, 20.923491, 20.196733, 20.140008 ] }, { "date": "2025-08-08", "close": 21.834999, "volume": 40284, "typical_volume": 55033.0, "trend": 20.4844, "fair_value": 20.025263, "relative_strength": -7.374371, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.41855, "energy": 67.866832, "activity_lines": [ 21.558667, 21.148291, 20.410771, 20.226606 ] }, { "date": "2025-08-15", "close": 21.959999, "volume": 49965, "typical_volume": 55491.75, "trend": 20.4544, "fair_value": 20.037602, "relative_strength": -8.846013, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.777742, "energy": 70.655295, "activity_lines": [ 21.742333, 21.3598, 20.63, 20.321806 ] }, { "date": "2025-08-22", "close": 21.995001, "volume": 39125, "typical_volume": 52629.95, "trend": 20.407233, "fair_value": 20.053776, "relative_strength": -9.825854, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 70.787867, "energy": 75.782309, "activity_lines": [ 21.861667, 21.544309, 20.840771, 20.4212 ] }, { "date": "2025-08-29", "close": 21.965, "volume": 34291, "typical_volume": 49243.95, "trend": 20.364566, "fair_value": 20.075769, "relative_strength": -7.37774, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.121346, "energy": 75.735975, "activity_lines": [ 21.922, 21.684, 21.024186, 20.521701 ] }, { "date": "2025-09-05", "close": 21.85, "volume": 40320, "typical_volume": 48930.1, "trend": 20.324566, "fair_value": 20.094949, "relative_strength": -6.449675, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.013511, "energy": 60.691439, "activity_lines": [ 21.923333, 21.762727, 21.170748, 20.617535 ] }, { "date": "2025-09-12", "close": 22.23, "volume": 37068, "typical_volume": 47273.25, "trend": 20.309733, "fair_value": 20.115782, "relative_strength": -6.776874, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.035096, "energy": 56.254716, "activity_lines": [ 22.026333, 21.886818, 21.329909, 20.740467 ] }, { "date": "2025-09-19", "close": 22.575001, "volume": 73136, "typical_volume": 48424.7, "trend": 20.2974, "fair_value": 20.15025, "relative_strength": -4.594087, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.442881, "energy": 58.118731, "activity_lines": [ 22.218, 22.045091, 21.500652, 20.886613 ] }, { "date": "2025-09-26", "close": 22.35, "volume": 103053, "typical_volume": 50917.85, "trend": 20.315566, "fair_value": 20.183211, "relative_strength": -6.050749, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.091764, "energy": 57.056172, "activity_lines": [ 22.293667, 22.130546, 21.631419, 21.019039 ] }, { "date": "2025-10-03", "close": 23.26, "volume": 92635, "typical_volume": 53130.05, "trend": 20.402566, "fair_value": 20.220404, "relative_strength": -3.347814, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.602506, "energy": 78.263715, "activity_lines": [ 22.649, 22.361636, 21.833691, 21.209002 ] }, { "date": "2025-10-10", "close": 22.985001, "volume": 111968, "typical_volume": 57215.85, "trend": 20.4919, "fair_value": 20.259615, "relative_strength": -1.528168, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.609107, "energy": 71.081213, "activity_lines": [ 22.826334, 22.513546, 21.995653, 21.375611 ] }, { "date": "2025-10-17", "close": 22.995001, "volume": 94331, "typical_volume": 59871.5, "trend": 20.577567, "fair_value": 20.297917, "relative_strength": -0.660483, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.445512, "energy": 64.425118, "activity_lines": [ 22.931334, 22.639819, 22.142838, 21.537101 ] }, { "date": "2025-10-24", "close": 23.73, "volume": 47180, "typical_volume": 61331.75, "trend": 20.7191, "fair_value": 20.336532, "relative_strength": 0.868658, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.231918, "energy": 72.744777, "activity_lines": [ 23.230334, 22.878637, 22.345067, 21.740484 ] }, { "date": "2025-10-31", "close": 24.225, "volume": 73973, "typical_volume": 63020.9, "trend": 20.964933, "fair_value": 20.379436, "relative_strength": 1.45468, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.254734, "energy": 83.967988, "activity_lines": [ 23.617334, 23.175273, 22.577272, 21.966671 ] }, { "date": "2025-11-07", "close": 23.209999, "volume": 78414, "typical_volume": 64781.65, "trend": 21.187733, "fair_value": 20.407231, "relative_strength": -1.870838, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.769054, "energy": 60.811203, "activity_lines": [ 23.541, 23.246818, 22.691881, 22.111514 ] }, { "date": "2025-11-14", "close": 23.344999, "volume": 85312, "typical_volume": 67093.2, "trend": 21.4027, "fair_value": 20.438353, "relative_strength": -3.417421, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.009073, "energy": 55.088769, "activity_lines": [ 23.512999, 23.320273, 22.802929, 22.250692 ] }, { "date": "2025-11-21", "close": 22.115, "volume": 102783, "typical_volume": 67263.9, "trend": 21.5478, "fair_value": 20.460359, "relative_strength": -5.181967, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.591286, "energy": 31.449603, "activity_lines": [ 23.051, 23.142909, 22.7835, 22.296647 ] }, { "date": "2025-11-28", "close": 23.74, "volume": 53766, "typical_volume": 67768.6, "trend": 21.716467, "fair_value": 20.492295, "relative_strength": 0.539269, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.947856, "energy": 29.570563, "activity_lines": [ 23.189333, 23.263091, 22.911905, 22.43808 ] }, { "date": "2025-12-05", "close": 24.555, "volume": 73156, "typical_volume": 68326.9, "trend": 21.8961, "fair_value": 20.531724, "relative_strength": 4.076296, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.137236, "energy": 43.720761, "activity_lines": [ 23.598666, 23.510273, 23.104024, 22.621211 ] }, { "date": "2025-12-12", "close": 24.24, "volume": 41035, "typical_volume": 66825.8, "trend": 22.0276, "fair_value": 20.573647, "relative_strength": 2.815921, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.937336, "energy": 44.531568, "activity_lines": [ 23.881, 23.660091, 23.250452, 22.77243 ] }, { "date": "2025-12-19", "close": 23.77, "volume": 86241, "typical_volume": 67901.8, "trend": 22.163867, "fair_value": 20.614878, "relative_strength": -1.587531, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.63794, "energy": 47.693342, "activity_lines": [ 23.938, 23.706636, 23.33981, 22.884843 ] }, { "date": "2025-12-26", "close": 23.870001, "volume": 38743, "typical_volume": 67824.75, "trend": 22.297733, "fair_value": 20.657442, "relative_strength": -0.460497, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.887902, "energy": 49.688762, "activity_lines": [ 24.0, 23.757091, 23.427762, 22.994916 ] }, { "date": "2026-01-02", "close": 24.184999, "volume": 31623, "typical_volume": 66907.65, "trend": 22.433067, "fair_value": 20.697423, "relative_strength": -0.436474, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.382983, "energy": 42.231219, "activity_lines": [ 24.05, 23.848909, 23.536024, 23.116675 ] }, { "date": "2026-01-09", "close": 25.455, "volume": 131423, "typical_volume": 71522.55, "trend": 22.620567, "fair_value": 20.741263, "relative_strength": 4.273006, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.145504, "energy": 55.697129, "activity_lines": [ 24.493667, 24.163364, 23.754643, 23.311639 ] }, { "date": "2026-01-16", "close": 25.85, "volume": 89430, "typical_volume": 74279.5, "trend": 22.8235, "fair_value": 20.786686, "relative_strength": 5.955264, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.81096, "energy": 76.41748, "activity_lines": [ 25.009, 24.527273, 23.994405, 23.519989 ] }, { "date": "2026-01-23", "close": 25.379999, "volume": 148169, "typical_volume": 79671.95, "trend": 22.984667, "fair_value": 20.82516, "relative_strength": 6.584921, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.563829, "energy": 75.115782, "activity_lines": [ 25.260333, 24.757727, 24.170905, 23.684925 ] }, { "date": "2026-01-30", "close": 24.855, "volume": 190263, "typical_volume": 87331.7, "trend": 23.1245, "fair_value": 20.854263, "relative_strength": 3.127997, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.015452, "energy": 69.714473, "activity_lines": [ 25.229333, 24.855727, 24.280595, 23.805591 ] }, { "date": "2026-02-06", "close": 25.24, "volume": 166194, "typical_volume": 91984.6, "trend": 23.271833, "fair_value": 20.889429, "relative_strength": 4.198496, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.780244, "energy": 57.655188, "activity_lines": [ 25.261, 24.973909, 24.414452, 23.942075 ] }, { "date": "2026-02-13", "close": 26.32, "volume": 145903, "typical_volume": 94127.1, "trend": 23.4405, "fair_value": 20.931673, "relative_strength": 9.79461, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.255016, "energy": 57.355138, "activity_lines": [ 25.582333, 25.261182, 24.638476, 24.138731 ] }, { "date": "2026-02-20", "close": 26.945, "volume": 190632, "typical_volume": 99026.95, "trend": 23.616833, "fair_value": 20.978923, "relative_strength": 9.951311, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.864388, "energy": 71.739153, "activity_lines": [ 26.054333, 25.63, 24.903119, 24.364828 ] }, { "date": "2026-02-27", "close": 26.844999, "volume": 161689, "typical_volume": 101513.0, "trend": 23.795833, "fair_value": 21.021744, "relative_strength": 7.81532, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.453252, "energy": 85.136891, "activity_lines": [ 26.42, 25.931454, 25.14069, 24.573097 ] }, { "date": "2026-03-06", "close": 25.855, "volume": 208289, "typical_volume": 107210.9, "trend": 23.929833, "fair_value": 21.060814, "relative_strength": 10.827102, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.37758, "energy": 75.532169, "activity_lines": [ 26.358, 25.997, 25.265595, 24.705946 ] }, { "date": "2026-03-13", "close": 24.870001, "volume": 285934, "typical_volume": 119148.6, "trend": 24.026833, "fair_value": 21.096711, "relative_strength": 6.069432, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.541792, "energy": 45.745733, "activity_lines": [ 25.901, 25.847364, 25.283071, 24.766602 ] }, { "date": "2026-03-20", "close": 24.174999, "volume": 162797, "typical_volume": 123589.8, "trend": 24.0995, "fair_value": 21.127897, "relative_strength": 6.498616, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 22.106106, "energy": 15.87752, "activity_lines": [ 25.237, 25.558909, 25.228928, 24.776161 ] }, { "date": "2026-03-27", "close": 23.700001, "volume": 142624, "typical_volume": 126800.3, "trend": 24.157333, "fair_value": 21.151103, "relative_strength": 2.949091, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.476732, "energy": 21.004647, "activity_lines": [ 24.557667, 25.207364, 25.129786, 24.750387 ] }, { "date": "2026-04-03", "close": 24.264999, "volume": 84679, "typical_volume": 126768.65, "trend": 24.237833, "fair_value": 21.183378, "relative_strength": 0.049552, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.199633, "energy": 24.522427, "activity_lines": [ 24.283, 24.997636, 25.082119, 24.757333 ] }, { "date": "2026-04-10", "close": 25.629999, "volume": 132990, "typical_volume": 128279.0, "trend": 24.351167, "fair_value": 21.222365, "relative_strength": 1.081181, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.382463, "energy": 22.13639, "activity_lines": [ 24.635333, 25.056363, 25.160071, 24.84715 ] }, { "date": "2026-04-17", "close": 27.280001, "volume": 118993, "typical_volume": 131540.35, "trend": 24.508, "fair_value": 21.272045, "relative_strength": 4.480206, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.070262, "energy": 29.387743, "activity_lines": [ 25.552667, 25.401, 25.378428, 25.036107 ] }, { "date": "2026-04-24", "close": 27.610001, "volume": 132399, "typical_volume": 134502.5, "trend": 24.683333, "fair_value": 21.325199, "relative_strength": 8.032072, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 71.905573, "energy": 62.610837, "activity_lines": [ 26.419334, 25.768546, 25.611357, 25.236237 ] }, { "date": "2026-05-01", "close": 27.834999, "volume": 76500, "typical_volume": 136275.75, "trend": 24.835833, "fair_value": 21.379679, "relative_strength": 7.236131, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.516793, "energy": 76.366613, "activity_lines": [ 27.132, 26.153545, 25.851167, 25.43957 ] }, { "date": "2026-05-08", "close": 29.440001, "volume": 188990, "typical_volume": 141413.2, "trend": 25.051, "fair_value": 21.443987, "relative_strength": 10.580569, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.143023, "energy": 88.612641, "activity_lines": [ 28.104, 26.814182, 26.226714, 25.736613 ] }, { "date": "2026-05-15", "close": 29.705, "volume": 298750, "typical_volume": 154413.55, "trend": 25.274667, "fair_value": 21.504692, "relative_strength": 11.551788, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.577773, "energy": 91.604774, "activity_lines": [ 28.819334, 27.475818, 26.6005, 26.036871 ] }, { "date": "2026-05-22", "close": 30.334999, "volume": 312588, "typical_volume": 168461.8, "trend": 25.494833, "fair_value": 21.567705, "relative_strength": 12.553282, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.953428, "energy": 92.503996, "activity_lines": [ 29.473, 28.182, 27.0065, 26.363344 ] }, { "date": "2026-05-29", "close": 30.690001, "volume": 364221, "typical_volume": 180101.7, "trend": 25.710333, "fair_value": 21.629981, "relative_strength": 12.205396, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.011436, "energy": 91.440008, "activity_lines": [ 30.041333, 28.853364, 27.417024, 26.698516 ] }, { "date": "2026-06-05", "close": 29.875, "volume": 68093, "typical_volume": 179034.85, "trend": 25.9325, "fair_value": 21.685622, "relative_strength": 9.144978, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.490635, "energy": 83.782016, "activity_lines": [ 30.132667, 29.258091, 27.725, 26.967204 ] }, { "date": "2026-06-12", "close": 29.055, "volume": 67403, "typical_volume": 174996.55, "trend": 26.122833, "fair_value": 21.733378, "relative_strength": 2.62203, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.96964, "energy": 61.489058, "activity_lines": [ 29.814667, 29.401455, 27.935714, 27.168656 ] }, { "date": "2026-06-19", "close": 30.34, "volume": 26383, "typical_volume": 166802.55, "trend": 26.397, "fair_value": 21.794596, "relative_strength": 4.162891, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.915613, "energy": 60.611437, "activity_lines": [ 29.950667, 29.691364, 28.25131, 27.440731 ] }, { "date": "2026-06-26", "close": 29.155001, "volume": 16923, "typical_volume": 159339.0, "trend": 26.5775, "fair_value": 21.844308, "relative_strength": 3.001322, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.899534, "energy": 43.720067, "activity_lines": [ 29.649334, 29.680182, 28.427929, 27.618667 ] }, { "date": "2026-07-03", "close": 30.264999, "volume": 19418, "typical_volume": 153014.75, "trend": 26.767833, "fair_value": 21.904628, "relative_strength": 3.590963, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.022739, "energy": 44.755649, "activity_lines": [ 29.796667, 29.836727, 28.691619, 27.85657 ] }, { "date": "2026-07-10", "close": 29.395, "volume": 116950, "typical_volume": 149330.65, "trend": 26.939667, "fair_value": 21.957801, "relative_strength": 0.867666, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.705948, "energy": 38.69634, "activity_lines": [ 29.682333, 29.786818, 28.853667, 28.026065 ] }, { "date": "2026-07-17", "close": 27.41, "volume": 131659, "typical_volume": 147829.15, "trend": 27.061, "fair_value": 21.998058, "relative_strength": -4.619814, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.013136, "energy": 18.265775, "activity_lines": [ 28.938333, 29.347636, 28.815, 28.056409 ] }, { "date": "2026-07-24", "close": 27.92, "volume": 154310, "typical_volume": 145130.2, "trend": 27.196, "fair_value": 22.039949, "relative_strength": -2.719587, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.889647, "energy": 19.857512, "activity_lines": [ 28.474, 29.038091, 28.822214, 28.111828 ] }, { "date": "2026-07-31", "close": 27.684999, "volume": 151646, "typical_volume": 138415.8, "trend": 27.312667, "fair_value": 22.08591, "relative_strength": -4.20104, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.757835, "energy": 17.131534, "activity_lines": [ 28.092666, 28.718273, 28.797214, 28.143376 ] }, { "date": "2026-08-07", "close": 29.58, "volume": 215303, "typical_volume": 141041.1, "trend": 27.450167, "fair_value": 22.147423, "relative_strength": -0.675735, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.517264, "energy": 21.336858, "activity_lines": [ 28.441, 28.791182, 28.939286, 28.289656 ] } ], "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." } } }