{ "ticker": { "uuid": "7ec9551a-e2c2-4d4c-8989-06e3fdaf5f5e", "symbol": "SBEM", "name": "UBS BBG USD EM Sovereign UCITS ETF USD dis", "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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 41.422, "architecture_energy": 27.812, "architecture_maturity": 58.393, "architecture_confidence": 70.606, "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": 32.45, "rotation_up": 28.33, "upward_expansion": 65.5, "deceleration": 88.33, "rotation_down": 27.82, "downward_expansion": 17.84 }, "activity_lines": [ 8.3568, 8.389909, 8.328643, 8.268874 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 8.337, "trend_reference": 8.194348, "distance_from_trend": 0.017409, "trend_direction": "Improving", "fair_value": 7.525457, "distance_from_fair_value": 0.10784, "fair_value_direction": "Improving", "relative_strength": -11.327996, "relative_strength_direction": "Weakening", "price_momentum": 0.041793, "excess_performance": -0.129098, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.017409, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.016615, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.10784, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.002666, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.11328, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.026889, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.041793, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.678175, "read": "Supply-led" } ], "volume": { "latest": 37922, "relative_activity": 0.604257, "balance": 0.678175, "dry_up": 0.997589, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.010795, "annualized_volatility": 0.054642, "from_high_reference": -0.019523, "from_low_reference": 0.099265 }, "levels": { "trend_reference": 8.194348, "fair_value_reference": 7.525457, "structural_low": 7.946, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 5, "median_return": 0.011376, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.036926, "regime_survival": 0.2, "best_return": 0.015435, "worst_return": -0.090677, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.007216, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.064023, "regime_survival": 0.0, "best_return": 0.025128, "worst_return": -0.043457, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.006271, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.011913, "regime_survival": 0.0, "best_return": 0.094052, "worst_return": -0.073335, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.054267, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.030461, "regime_survival": 0.0, "best_return": 0.035882, "worst_return": -0.144416, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-08-18", "end": "2023-10-13", "tenure": "Developing", "return": 0.004789, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-10-20", "end": "2023-12-01", "tenure": "Developing", "return": 0.056981, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-08", "end": "2024-05-24", "tenure": "Established", "return": 0.049819, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-31", "end": "2024-06-07", "tenure": "New", "return": 0.004461, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-14", "end": "2025-03-07", "tenure": "Extended", "return": 0.056757, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-14", "end": "2025-03-28", "tenure": "New", "return": -0.002185, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-25", "tenure": "New", "return": -0.01398, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-02", "end": "2025-07-25", "tenure": "Established", "return": 0.018713, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-01", "end": "2025-08-15", "tenure": "New", "return": 0.005216, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-22", "end": "2025-09-19", "tenure": "Developing", "return": 0.010899, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-26", "end": "2026-02-06", "tenure": "Established", "return": 0.029715, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-13", "end": "2026-02-20", "tenure": "New", "return": 0.006327, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-27", "end": "2026-07-31", "tenure": "Established", "return": 0.023442, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 6.469633, "volume": 10547, "typical_volume": 21695.9, "trend": 6.414534, "fair_value": 6.818856, "relative_strength": -8.046292, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.562519, "energy": 59.551421, "activity_lines": [ 6.513036, 6.488104, 6.45013, 6.424242 ] }, { "date": "2023-08-25", "close": 6.538298, "volume": 61402, "typical_volume": 21216.9, "trend": 6.41469, "fair_value": 6.81604, "relative_strength": -7.988037, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.735278, "energy": 48.956979, "activity_lines": [ 6.521961, 6.499803, 6.462979, 6.432227 ] }, { "date": "2023-09-01", "close": 6.573469, "volume": 21152, "typical_volume": 19508.3, "trend": 6.415197, "fair_value": 6.812947, "relative_strength": -8.394655, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.501972, "energy": 47.807429, "activity_lines": [ 6.537628, 6.516037, 6.478106, 6.442471 ] }, { "date": "2023-09-08", "close": 6.611988, "volume": 752, "typical_volume": 18173.0, "trend": 6.419821, "fair_value": 6.810102, "relative_strength": -5.995849, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.333439, "energy": 46.68921, "activity_lines": [ 6.564257, 6.537837, 6.495429, 6.455167 ] }, { "date": "2023-09-15", "close": 6.620362, "volume": 9631, "typical_volume": 18140.0, "trend": 6.426396, "fair_value": 6.80767, "relative_strength": -7.514043, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.305182, "energy": 56.581652, "activity_lines": [ 6.58776, 6.558651, 6.511761, 6.468105 ] }, { "date": "2023-09-22", "close": 6.552534, "volume": 2797, "typical_volume": 17495.2, "trend": 6.428633, "fair_value": 6.804817, "relative_strength": -6.844697, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.579081, "energy": 50.347443, "activity_lines": [ 6.584355, 6.56262, 6.519826, 6.476243 ] }, { "date": "2023-09-29", "close": 6.541647, "volume": 1252, "typical_volume": 17394.05, "trend": 6.431559, "fair_value": 6.802127, "relative_strength": -5.343268, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.520285, "energy": 37.707217, "activity_lines": [ 6.571793, 6.561933, 6.525479, 6.483534 ] }, { "date": "2023-10-06", "close": 6.397617, "volume": 8167, "typical_volume": 17198.1, "trend": 6.430844, "fair_value": 6.798268, "relative_strength": -5.426886, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 16.307529, "energy": 10.778322, "activity_lines": [ 6.510999, 6.533639, 6.516512, 6.481344 ] }, { "date": "2023-10-13", "close": 6.500616, "volume": 8416, "typical_volume": 16389.0, "trend": 6.436799, "fair_value": 6.794818, "relative_strength": -4.837645, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.761894, "energy": 19.272039, "activity_lines": [ 6.496261, 6.526757, 6.517063, 6.485846 ] }, { "date": "2023-10-20", "close": 6.363285, "volume": 39799, "typical_volume": 17668.95, "trend": 6.437205, "fair_value": 6.791472, "relative_strength": -3.441491, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -7.807511, "energy": 19.968437, "activity_lines": [ 6.443171, 6.495317, 6.503989, 6.481103 ] }, { "date": "2023-10-27", "close": 6.449536, "volume": 40883, "typical_volume": 19362.6, "trend": 6.440567, "fair_value": 6.788242, "relative_strength": -1.539245, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.28116, "energy": 22.183375, "activity_lines": [ 6.43597, 6.483061, 6.49956, 6.481899 ] }, { "date": "2023-11-03", "close": 6.604452, "volume": 2777, "typical_volume": 19368.2, "trend": 6.45028, "fair_value": 6.785704, "relative_strength": -3.722743, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.513181, "energy": 15.599979, "activity_lines": [ 6.487274, 6.499337, 6.510037, 6.492472 ] }, { "date": "2023-11-10", "close": 6.538298, "volume": 18587, "typical_volume": 18117.9, "trend": 6.459406, "fair_value": 6.781775, "relative_strength": -3.879893, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.971121, "energy": 12.27592, "activity_lines": [ 6.512339, 6.502382, 6.513412, 6.49815 ] }, { "date": "2023-11-17", "close": 6.506478, "volume": 19974, "typical_volume": 16178.7, "trend": 6.468415, "fair_value": 6.777833, "relative_strength": -7.279708, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.581416, "energy": 18.566623, "activity_lines": [ 6.51742, 6.500281, 6.513546, 6.501187 ] }, { "date": "2023-11-24", "close": 6.539136, "volume": 6725, "typical_volume": 16376.55, "trend": 6.478351, "fair_value": 6.774178, "relative_strength": -6.30131, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.832573, "energy": 24.606911, "activity_lines": [ 6.532995, 6.506036, 6.516637, 6.50575 ] }, { "date": "2023-12-01", "close": 6.725872, "volume": 37131, "typical_volume": 18167.25, "trend": 6.493757, "fair_value": 6.7722, "relative_strength": -4.897458, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 72.742657, "energy": 56.896652, "activity_lines": [ 6.599092, 6.54722, 6.536717, 6.521719 ] }, { "date": "2023-12-08", "close": 6.817147, "volume": 9679, "typical_volume": 17692.65, "trend": 6.509265, "fair_value": 6.770482, "relative_strength": -4.771177, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.567309, "energy": 72.645766, "activity_lines": [ 6.677192, 6.601848, 6.563964, 6.542583 ] }, { "date": "2023-12-15", "close": 6.90591, "volume": 7537, "typical_volume": 16746.25, "trend": 6.528244, "fair_value": 6.769534, "relative_strength": -3.080932, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.545336, "energy": 84.937048, "activity_lines": [ 6.7707, 6.667606, 6.59798, 6.568173 ] }, { "date": "2023-12-22", "close": 6.90591, "volume": 7340, "typical_volume": 16128.05, "trend": 6.545578, "fair_value": 6.768719, "relative_strength": -2.672742, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.730754, "energy": 87.741555, "activity_lines": [ 6.839701, 6.724121, 6.630279, 6.592538 ] }, { "date": "2023-12-29", "close": 6.866554, "volume": 6007, "typical_volume": 16027.75, "trend": 6.559334, "fair_value": 6.767614, "relative_strength": -2.905162, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.068429, "energy": 83.901299, "activity_lines": [ 6.868954, 6.766113, 6.657008, 6.613247 ] }, { "date": "2024-01-05", "close": 6.797888, "volume": 4597, "typical_volume": 15730.25, "trend": 6.569884, "fair_value": 6.766353, "relative_strength": -3.878898, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.796751, "energy": 78.263815, "activity_lines": [ 6.85349, 6.786469, 6.675717, 6.628637 ] }, { "date": "2024-01-12", "close": 6.880789, "volume": 16041, "typical_volume": 13462.2, "trend": 6.584709, "fair_value": 6.765467, "relative_strength": -2.58586, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.819812, "energy": 59.290398, "activity_lines": [ 6.860859, 6.815564, 6.700759, 6.648696 ] }, { "date": "2024-01-19", "close": 6.847293, "volume": 54418, "typical_volume": 15125.5, "trend": 6.596474, "fair_value": 6.764531, "relative_strength": -2.24392, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.095815, "energy": 49.510245, "activity_lines": [ 6.85282, 6.833545, 6.72098, 6.665636 ] }, { "date": "2024-01-26", "close": 6.884976, "volume": 5867, "typical_volume": 15381.25, "trend": 6.610171, "fair_value": 6.76354, "relative_strength": -1.84591, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.401824, "energy": 49.729991, "activity_lines": [ 6.86125, 6.852759, 6.743486, 6.684249 ] }, { "date": "2024-02-02", "close": 6.962366, "volume": 16954, "typical_volume": 15747.4, "trend": 6.629845, "fair_value": 6.76243, "relative_strength": -1.701407, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.59873, "energy": 56.602465, "activity_lines": [ 6.896872, 6.879163, 6.772062, 6.706972 ] }, { "date": "2024-02-09", "close": 6.959774, "volume": 13752, "typical_volume": 16295.15, "trend": 6.648327, "fair_value": 6.761867, "relative_strength": -3.006062, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.10423, "energy": 63.429559, "activity_lines": [ 6.925242, 6.8974, 6.798763, 6.728257 ] }, { "date": "2024-02-16", "close": 6.979647, "volume": 28086, "typical_volume": 17636.85, "trend": 6.665529, "fair_value": 6.761943, "relative_strength": -4.402977, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.585108, "energy": 72.145656, "activity_lines": [ 6.949445, 6.914997, 6.825417, 6.749633 ] }, { "date": "2024-02-23", "close": 6.996064, "volume": 20462, "typical_volume": 18251.6, "trend": 6.680555, "fair_value": 6.762893, "relative_strength": -6.812022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.416201, "energy": 72.92165, "activity_lines": [ 6.972529, 6.932625, 6.851549, 6.770958 ] }, { "date": "2024-03-01", "close": 7.043586, "volume": 21145, "typical_volume": 18888.05, "trend": 6.6979, "fair_value": 6.763808, "relative_strength": -6.701527, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.753934, "energy": 79.920966, "activity_lines": [ 7.001536, 6.957254, 6.879357, 6.794379 ] }, { "date": "2024-03-08", "close": 7.063458, "volume": 28454, "typical_volume": 18320.8, "trend": 6.714819, "fair_value": 6.764948, "relative_strength": -7.569949, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.242882, "energy": 80.114804, "activity_lines": [ 7.026593, 6.982993, 6.906472, 6.817963 ] }, { "date": "2024-03-15", "close": 7.036673, "volume": 36032, "typical_volume": 18078.25, "trend": 6.733721, "fair_value": 6.765507, "relative_strength": -9.063949, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.354251, "energy": 72.536098, "activity_lines": [ 7.035982, 7.000282, 6.927703, 6.838728 ] }, { "date": "2024-03-22", "close": 7.199975, "volume": 183991, "typical_volume": 27138.95, "trend": 6.755777, "fair_value": 6.766748, "relative_strength": -7.770779, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.519528, "energy": 81.351059, "activity_lines": [ 7.094678, 7.042921, 6.961689, 6.868809 ] }, { "date": "2024-03-29", "close": 7.210343, "volume": 117898, "typical_volume": 32104.5, "trend": 6.777006, "fair_value": 6.767875, "relative_strength": -8.510756, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.576423, "energy": 81.536662, "activity_lines": [ 7.142142, 7.081641, 6.993828, 6.898136 ] }, { "date": "2024-04-05", "close": 7.169734, "volume": 19619, "typical_volume": 32086.75, "trend": 6.795597, "fair_value": 6.768937, "relative_strength": -6.882147, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.696566, "energy": 68.812507, "activity_lines": [ 7.161785, 7.106377, 7.018899, 6.923473 ] }, { "date": "2024-04-12", "close": 7.224168, "volume": 4272, "typical_volume": 31964.1, "trend": 6.815724, "fair_value": 6.770129, "relative_strength": -5.402021, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.579627, "energy": 74.945675, "activity_lines": [ 7.191162, 7.135832, 7.045995, 6.951123 ] }, { "date": "2024-04-19", "close": 7.156773, "volume": 26401, "typical_volume": 31427.6, "trend": 6.835865, "fair_value": 6.771062, "relative_strength": -6.611597, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.34844, "energy": 59.560619, "activity_lines": [ 7.18736, 7.148274, 7.063411, 6.973126 ] }, { "date": "2024-04-26", "close": 7.150725, "volume": 113151, "typical_volume": 36601.2, "trend": 6.856168, "fair_value": 6.771969, "relative_strength": -7.412983, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.560015, "energy": 51.395443, "activity_lines": [ 7.173535, 7.156035, 7.078199, 6.99344 ] }, { "date": "2024-05-03", "close": 7.174918, "volume": 48461, "typical_volume": 38647.4, "trend": 6.882078, "fair_value": 6.773102, "relative_strength": -5.257578, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.325769, "energy": 48.508015, "activity_lines": [ 7.171059, 7.165084, 7.093702, 7.014004 ] }, { "date": "2024-05-10", "close": 7.19911, "volume": 46779, "typical_volume": 40619.35, "trend": 6.905361, "fair_value": 6.774469, "relative_strength": -7.564107, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.110344, "energy": 45.17486, "activity_lines": [ 7.179007, 7.175279, 7.110229, 7.034458 ] }, { "date": "2024-05-17", "close": 7.175782, "volume": 19718, "typical_volume": 41304.9, "trend": 6.932444, "fair_value": 6.7759, "relative_strength": -9.581813, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.064939, "energy": 37.129477, "activity_lines": [ 7.177222, 7.178405, 7.123138, 7.051904 ] }, { "date": "2024-05-24", "close": 7.156773, "volume": 308406, "typical_volume": 56495.35, "trend": 6.956019, "fair_value": 6.77686, "relative_strength": -7.196095, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.312857, "energy": 34.17885, "activity_lines": [ 7.172326, 7.176033, 7.132764, 7.066377 ] }, { "date": "2024-05-31", "close": 7.165414, "volume": 7532, "typical_volume": 56069.9, "trend": 6.974718, "fair_value": 6.777657, "relative_strength": -6.840828, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.60482, "energy": 31.139308, "activity_lines": [ 7.17031, 7.173048, 7.141503, 7.079887 ] }, { "date": "2024-06-07", "close": 7.197382, "volume": 213098, "typical_volume": 64003.9, "trend": 6.996687, "fair_value": 6.778179, "relative_strength": -6.629457, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.291064, "energy": 34.123196, "activity_lines": [ 7.177971, 7.176504, 7.151932, 7.094252 ] }, { "date": "2024-06-14", "close": 7.315755, "volume": 118014, "typical_volume": 69611.25, "trend": 7.023663, "fair_value": 6.778664, "relative_strength": 0.763822, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.15062, "energy": 46.263997, "activity_lines": [ 7.223592, 7.201718, 7.171968, 7.114837 ] }, { "date": "2024-06-21", "close": 7.313163, "volume": 75243, "typical_volume": 72525.7, "trend": 7.049464, "fair_value": 6.779574, "relative_strength": -1.055694, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.329492, "energy": 64.070908, "activity_lines": [ 7.260572, 7.223806, 7.189705, 7.133514 ] }, { "date": "2024-06-28", "close": 7.27601, "volume": 155385, "typical_volume": 79607.35, "trend": 7.067802, "fair_value": 6.779897, "relative_strength": -1.013505, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.680613, "energy": 67.944702, "activity_lines": [ 7.27601, 7.237521, 7.202234, 7.14813 ] }, { "date": "2024-07-05", "close": 7.27601, "volume": 4098, "typical_volume": 78407.95, "trend": 7.083097, "fair_value": 6.780182, "relative_strength": -3.313968, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.76017, "energy": 72.675322, "activity_lines": [ 7.283498, 7.249068, 7.213256, 7.161563 ] }, { "date": "2024-07-12", "close": 7.298475, "volume": 28861, "typical_volume": 78827.9, "trend": 7.096183, "fair_value": 6.780262, "relative_strength": -4.575653, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.083026, "energy": 71.398581, "activity_lines": [ 7.291102, 7.262421, 7.225007, 7.175458 ] }, { "date": "2024-07-19", "close": 7.230217, "volume": 19790, "typical_volume": 78760.15, "trend": 7.106993, "fair_value": 6.779672, "relative_strength": -4.354134, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.76695, "energy": 44.427846, "activity_lines": [ 7.269213, 7.261117, 7.228817, 7.184106 ] }, { "date": "2024-07-26", "close": 7.295018, "volume": 120268, "typical_volume": 83350.85, "trend": 7.121275, "fair_value": 6.779972, "relative_strength": -2.291778, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.132327, "energy": 44.797712, "activity_lines": [ 7.274628, 7.27103, 7.23791, 7.196236 ] }, { "date": "2024-08-02", "close": 7.299922, "volume": 39220, "typical_volume": 83510.25, "trend": 7.13801, "fair_value": 6.779981, "relative_strength": 3.250931, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.83986, "energy": 42.14799, "activity_lines": [ 7.282886, 7.279666, 7.246367, 7.207762 ] }, { "date": "2024-08-09", "close": 7.29903, "volume": 71429, "typical_volume": 77882.15, "trend": 7.151951, "fair_value": 6.780018, "relative_strength": 4.02812, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.301774, "energy": 37.170353, "activity_lines": [ 7.289253, 7.285538, 7.253486, 7.21815 ] }, { "date": "2024-08-16", "close": 7.33118, "volume": 50796, "typical_volume": 74527.05, "trend": 7.168081, "fair_value": 6.77966, "relative_strength": 0.602748, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.925834, "energy": 45.043438, "activity_lines": [ 7.304803, 7.294825, 7.263195, 7.229714 ] }, { "date": "2024-08-23", "close": 7.289206, "volume": 8178, "typical_volume": 73955.0, "trend": 7.181555, "fair_value": 6.77932, "relative_strength": -1.653445, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.007266, "energy": 38.778203, "activity_lines": [ 7.30418, 7.294049, 7.268331, 7.237528 ] }, { "date": "2024-08-30", "close": 7.345469, "volume": 31495, "typical_volume": 75316.15, "trend": 7.194325, "fair_value": 6.779344, "relative_strength": -2.845395, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.993151, "energy": 43.029052, "activity_lines": [ 7.318379, 7.303984, 7.278256, 7.248103 ] }, { "date": "2024-09-06", "close": 7.343683, "volume": 50193, "typical_volume": 76505.75, "trend": 7.207122, "fair_value": 6.779239, "relative_strength": 0.407278, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.268038, "energy": 44.75075, "activity_lines": [ 7.32862, 7.313008, 7.287434, 7.257739 ] }, { "date": "2024-09-13", "close": 7.413342, "volume": 43025, "typical_volume": 72999.45, "trend": 7.221579, "fair_value": 6.779465, "relative_strength": 0.59613, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.412626, "energy": 66.246673, "activity_lines": [ 7.359163, 7.333466, 7.302356, 7.271044 ] }, { "date": "2024-09-20", "close": 7.412449, "volume": 10524, "typical_volume": 71102.6, "trend": 7.235458, "fair_value": 6.7801, "relative_strength": 0.091548, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.222687, "energy": 74.604692, "activity_lines": [ 7.381787, 7.351265, 7.315942, 7.283358 ] }, { "date": "2024-09-27", "close": 7.419593, "volume": 51890, "typical_volume": 71358.15, "trend": 7.247992, "fair_value": 6.780805, "relative_strength": -2.442369, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.290923, "energy": 74.256216, "activity_lines": [ 7.401375, 7.368291, 7.329078, 7.295238 ] }, { "date": "2024-10-04", "close": 7.52051, "volume": 43112, "typical_volume": 72527.85, "trend": 7.263227, "fair_value": 6.78238, "relative_strength": 2.27501, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.389672, "energy": 85.091724, "activity_lines": [ 7.445909, 7.400222, 7.350775, 7.312819 ] }, { "date": "2024-10-11", "close": 7.504434, "volume": 70056, "typical_volume": 60610.35, "trend": 7.278819, "fair_value": 6.783619, "relative_strength": 0.033328, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.163068, "energy": 83.358051, "activity_lines": [ 7.473415, 7.42513, 7.369299, 7.328381 ] }, { "date": "2024-10-18", "close": 7.609816, "volume": 40370, "typical_volume": 62252.25, "trend": 7.29248, "fair_value": 6.785981, "relative_strength": -1.000584, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.954274, "energy": 91.258031, "activity_lines": [ 7.525332, 7.465481, 7.396204, 7.349736 ] }, { "date": "2024-10-25", "close": 7.553553, "volume": 46615, "typical_volume": 53928.1, "trend": 7.30392, "fair_value": 6.787287, "relative_strength": -0.355031, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.060465, "energy": 85.992831, "activity_lines": [ 7.545396, 7.489951, 7.415634, 7.366579 ] }, { "date": "2024-11-01", "close": 7.488359, "volume": 18290, "typical_volume": 48941.9, "trend": 7.314541, "fair_value": 6.787818, "relative_strength": -0.804433, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.157828, "energy": 71.280087, "activity_lines": [ 7.534322, 7.498524, 7.42716, 7.378478 ] }, { "date": "2024-11-08", "close": 7.680369, "volume": 77505, "typical_volume": 49055.0, "trend": 7.329748, "fair_value": 6.789651, "relative_strength": 4.344258, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.082195, "energy": 76.875712, "activity_lines": [ 7.582667, 7.538387, 7.45615, 7.40208 ] }, { "date": "2024-11-15", "close": 7.693765, "volume": 35615, "typical_volume": 43066.5, "trend": 7.347648, "fair_value": 6.791176, "relative_strength": 3.339299, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.07226, "energy": 72.658668, "activity_lines": [ 7.62482, 7.574597, 7.484667, 7.425565 ] }, { "date": "2024-11-22", "close": 7.86702, "volume": 59346, "typical_volume": 45828.9, "trend": 7.371524, "fair_value": 6.795034, "relative_strength": 7.744415, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.169276, "energy": 82.454771, "activity_lines": [ 7.712103, 7.635943, 7.527696, 7.459073 ] }, { "date": "2024-11-29", "close": 7.839334, "volume": 29963, "typical_volume": 45884.0, "trend": 7.393671, "fair_value": 6.797739, "relative_strength": 7.528653, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.958402, "energy": 90.943323, "activity_lines": [ 7.773009, 7.684006, 7.565274, 7.489254 ] }, { "date": "2024-12-06", "close": 7.898277, "volume": 126755, "typical_volume": 51232.25, "trend": 7.416977, "fair_value": 6.800574, "relative_strength": 4.146951, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.383431, "energy": 91.461282, "activity_lines": [ 7.834512, 7.735024, 7.605889, 7.52181 ] }, { "date": "2024-12-13", "close": 7.86702, "volume": 23781, "typical_volume": 46407.9, "trend": 7.440018, "fair_value": 6.803285, "relative_strength": 3.338587, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.4199, "energy": 86.764811, "activity_lines": [ 7.858268, 7.771656, 7.640347, 7.550845 ] }, { "date": "2024-12-20", "close": 7.846479, "volume": 42095, "typical_volume": 46551.65, "trend": 7.463008, "fair_value": 6.806284, "relative_strength": 6.451081, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.496763, "energy": 74.576454, "activity_lines": [ 7.862733, 7.798254, 7.670124, 7.577068 ] }, { "date": "2024-12-27", "close": 7.816114, "volume": 9354, "typical_volume": 43447.9, "trend": 7.484698, "fair_value": 6.808506, "relative_strength": 4.789269, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.104852, "energy": 63.885572, "activity_lines": [ 7.846896, 7.813111, 7.694407, 7.599849 ] }, { "date": "2025-01-03", "close": 7.952754, "volume": 9990, "typical_volume": 41407.6, "trend": 7.509878, "fair_value": 6.812905, "relative_strength": 6.633046, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.059259, "energy": 67.367817, "activity_lines": [ 7.879999, 7.849061, 7.729241, 7.630046 ] }, { "date": "2025-01-10", "close": 7.944715, "volume": 29292, "typical_volume": 42463.3, "trend": 7.530843, "fair_value": 6.818113, "relative_strength": 3.599416, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.552648, "energy": 63.151178, "activity_lines": [ 7.902861, 7.876291, 7.760349, 7.6581 ] }, { "date": "2025-01-17", "close": 7.992049, "volume": 46298, "typical_volume": 43203.45, "trend": 7.553472, "fair_value": 6.823163, "relative_strength": 0.882623, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.403774, "energy": 65.840198, "activity_lines": [ 7.938405, 7.90383, 7.792844, 7.687855 ] }, { "date": "2025-01-24", "close": 7.860767, "volume": 14194, "typical_volume": 41403.5, "trend": 7.572964, "fair_value": 6.826729, "relative_strength": -0.50773, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.287372, "energy": 57.186097, "activity_lines": [ 7.921853, 7.901832, 7.809757, 7.707681 ] }, { "date": "2025-01-31", "close": 7.999193, "volume": 31618, "typical_volume": 40833.15, "trend": 7.59707, "fair_value": 6.832507, "relative_strength": 0.556968, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.123244, "energy": 58.599621, "activity_lines": [ 7.950491, 7.921967, 7.837391, 7.735179 ] }, { "date": "2025-02-07", "close": 8.077756, "volume": 35357, "typical_volume": 42074.8, "trend": 7.623046, "fair_value": 6.839193, "relative_strength": -0.00818, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.78822, "energy": 66.216585, "activity_lines": [ 7.993111, 7.953983, 7.869717, 7.766191 ] }, { "date": "2025-02-14", "close": 7.99737, "volume": 45577, "typical_volume": 41759.15, "trend": 7.648618, "fair_value": 6.845184, "relative_strength": -3.326651, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.721395, "energy": 55.834765, "activity_lines": [ 8.000602, 7.967048, 7.89122, 7.790341 ] }, { "date": "2025-02-21", "close": 8.010456, "volume": 48504, "typical_volume": 42028.75, "trend": 7.672466, "fair_value": 6.852405, "relative_strength": -4.238882, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.736495, "energy": 67.245664, "activity_lines": [ 8.008945, 7.98069, 7.911217, 7.813686 ] }, { "date": "2025-02-28", "close": 8.115144, "volume": 24066, "typical_volume": 39729.25, "trend": 7.69964, "fair_value": 6.861816, "relative_strength": -3.541158, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.868271, "energy": 78.491419, "activity_lines": [ 8.050957, 8.010759, 7.938852, 7.842245 ] }, { "date": "2025-03-07", "close": 7.730978, "volume": 44432, "typical_volume": 39932.35, "trend": 7.714038, "fair_value": 6.868627, "relative_strength": -7.869193, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.994455, "energy": 23.005887, "activity_lines": [ 7.947955, 7.966095, 7.926991, 7.844267 ] }, { "date": "2025-03-14", "close": 7.700133, "volume": 15072, "typical_volume": 38355.2, "trend": 7.726337, "fair_value": 6.874577, "relative_strength": -8.31807, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.651557, "energy": 13.685842, "activity_lines": [ 7.852553, 7.91737, 7.911616, 7.84337 ] }, { "date": "2025-03-21", "close": 7.730978, "volume": 26160, "typical_volume": 38748.7, "trend": 7.741063, "fair_value": 6.881184, "relative_strength": -8.755589, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.695657, "energy": 23.754305, "activity_lines": [ 7.792607, 7.878847, 7.89848, 7.84367 ] }, { "date": "2025-03-28", "close": 7.683309, "volume": 18261, "typical_volume": 35786.5, "trend": 7.752324, "fair_value": 6.886777, "relative_strength": -8.548777, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.186278, "energy": 41.040261, "activity_lines": [ 7.73453, 7.835543, 7.879649, 7.839944 ] }, { "date": "2025-04-04", "close": 7.42159, "volume": 72966, "typical_volume": 37654.05, "trend": 7.754921, "fair_value": 6.890917, "relative_strength": -1.26629, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.0686, "energy": 69.656215, "activity_lines": [ 7.611024, 7.750267, 7.835879, 7.818606 ] }, { "date": "2025-04-11", "close": 7.001905, "volume": 48848, "typical_volume": 37129.15, "trend": 7.741206, "fair_value": 6.892371, "relative_strength": -5.080711, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -70.223147, "energy": 87.08456, "activity_lines": [ 7.39386, 7.596669, 7.753434, 7.770024 ] }, { "date": "2025-04-18", "close": 7.205672, "volume": 117937, "typical_volume": 41527.85, "trend": 7.734314, "fair_value": 6.895771, "relative_strength": -7.530019, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.256632, "energy": 82.645809, "activity_lines": [ 7.293223, 7.498253, 7.694516, 7.735474 ] }, { "date": "2025-04-25", "close": 7.317837, "volume": 34387, "typical_volume": 36909.45, "trend": 7.730922, "fair_value": 6.899734, "relative_strength": -9.427075, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.820899, "energy": 87.492641, "activity_lines": [ 7.262938, 7.436086, 7.649297, 7.708604 ] }, { "date": "2025-05-02", "close": 7.2926, "volume": 8233, "typical_volume": 36132.05, "trend": 7.723325, "fair_value": 6.90418, "relative_strength": -11.866407, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.36797, "energy": 85.521852, "activity_lines": [ 7.251784, 7.381686, 7.604439, 7.680325 ] }, { "date": "2025-05-09", "close": 7.381397, "volume": 14080, "typical_volume": 34731.3, "trend": 7.719224, "fair_value": 6.908687, "relative_strength": -12.997451, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.715116, "energy": 58.175157, "activity_lines": [ 7.296276, 7.356483, 7.570773, 7.658265 ] }, { "date": "2025-05-16", "close": 7.535625, "volume": 22724, "typical_volume": 35399.8, "trend": 7.716751, "fair_value": 6.915115, "relative_strength": -13.855648, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.787316, "energy": 38.444534, "activity_lines": [ 7.394857, 7.372662, 7.55401, 7.64642 ] }, { "date": "2025-05-23", "close": 7.35803, "volume": 34117, "typical_volume": 36606.15, "trend": 7.710233, "fair_value": 6.919789, "relative_strength": -13.205666, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.419685, "energy": 32.622186, "activity_lines": [ 7.398659, 7.360103, 7.521669, 7.623277 ] }, { "date": "2025-05-30", "close": 7.422524, "volume": 32216, "typical_volume": 36752.35, "trend": 7.708039, "fair_value": 6.925263, "relative_strength": -13.606899, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.766801, "energy": 25.556701, "activity_lines": [ 7.413801, 7.36549, 7.498302, 7.604715 ] }, { "date": "2025-06-06", "close": 7.430937, "volume": 17716, "typical_volume": 35323.25, "trend": 7.699724, "fair_value": 6.931381, "relative_strength": -14.41684, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.907876, "energy": 24.409687, "activity_lines": [ 7.424768, 7.378015, 7.478223, 7.586838 ] }, { "date": "2025-06-13", "close": 7.365507, "volume": 26020, "typical_volume": 35914.55, "trend": 7.688782, "fair_value": 6.93792, "relative_strength": -12.375727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.78714, "energy": 31.212168, "activity_lines": [ 7.404703, 7.383233, 7.454585, 7.565275 ] }, { "date": "2025-06-20", "close": 7.404765, "volume": 24555, "typical_volume": 35561.4, "trend": 7.673374, "fair_value": 6.944773, "relative_strength": -11.194785, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.492271, "energy": 26.826754, "activity_lines": [ 7.398783, 7.396608, 7.437044, 7.546952 ] }, { "date": "2025-06-27", "close": 7.360834, "volume": 44530, "typical_volume": 36020.05, "trend": 7.657424, "fair_value": 6.952062, "relative_strength": -12.58587, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.002394, "energy": 32.202695, "activity_lines": [ 7.386943, 7.39467, 7.418149, 7.526788 ] }, { "date": "2025-07-04", "close": 7.375789, "volume": 58779, "typical_volume": 36680.15, "trend": 7.640008, "fair_value": 6.958008, "relative_strength": -11.919773, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.930833, "energy": 33.785624, "activity_lines": [ 7.379902, 7.392631, 7.404093, 7.508618 ] }, { "date": "2025-07-11", "close": 7.392613, "volume": 31382, "typical_volume": 35824.05, "trend": 7.624194, "fair_value": 6.965174, "relative_strength": -12.511563, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.141889, "energy": 33.74709, "activity_lines": [ 7.381584, 7.392597, 7.394599, 7.492657 ] }, { "date": "2025-07-18", "close": 7.425329, "volume": 40832, "typical_volume": 36662.35, "trend": 7.610156, "fair_value": 6.971964, "relative_strength": -12.41787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.110383, "energy": 24.769991, "activity_lines": [ 7.396726, 7.396692, 7.391163, 7.479827 ] }, { "date": "2025-07-25", "close": 7.429068, "volume": 19415, "typical_volume": 35411.5, "trend": 7.597254, "fair_value": 6.977148, "relative_strength": -12.999333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.926029, "energy": 20.211685, "activity_lines": [ 7.409127, 7.400669, 7.391368, 7.468144 ] }, { "date": "2025-08-01", "close": 7.595753, "volume": 31127, "typical_volume": 36214.25, "trend": 7.585354, "fair_value": 6.983046, "relative_strength": -8.987855, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.102627, "energy": 14.168091, "activity_lines": [ 7.475469, 7.43689, 7.408885, 7.468047 ] }, { "date": "2025-08-08", "close": 7.57063, "volume": 19936, "typical_volume": 35903.05, "trend": 7.572885, "fair_value": 6.988025, "relative_strength": -12.567807, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.042816, "energy": 22.648693, "activity_lines": [ 7.517776, 7.464221, 7.424506, 7.467097 ] }, { "date": "2025-08-15", "close": 7.635369, "volume": 6669, "typical_volume": 35323.45, "trend": 7.560995, "fair_value": 6.993862, "relative_strength": -13.607078, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.191147, "energy": 55.522533, "activity_lines": [ 7.568673, 7.500629, 7.447057, 7.471128 ] }, { "date": "2025-08-22", "close": 7.62474, "volume": 27567, "typical_volume": 33053.5, "trend": 7.553128, "fair_value": 6.999117, "relative_strength": -14.71296, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.843359, "energy": 62.93843, "activity_lines": [ 7.599843, 7.531388, 7.468824, 7.475241 ] }, { "date": "2025-08-29", "close": 7.620875, "volume": 30295, "typical_volume": 32125.85, "trend": 7.540517, "fair_value": 7.005167, "relative_strength": -12.235128, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.484816, "energy": 67.51685, "activity_lines": [ 7.61643, 7.556731, 7.489255, 7.479612 ] }, { "date": "2025-09-05", "close": 7.674019, "volume": 111202, "typical_volume": 31789.1, "trend": 7.527059, "fair_value": 7.011356, "relative_strength": -10.070325, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.508916, "energy": 72.079128, "activity_lines": [ 7.637946, 7.587807, 7.5118, 7.488225 ] }, { "date": "2025-09-12", "close": 7.748422, "volume": 49813, "typical_volume": 32560.4, "trend": 7.518761, "fair_value": 7.018244, "relative_strength": -10.917817, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.995438, "energy": 76.898821, "activity_lines": [ 7.679044, 7.626717, 7.539201, 7.502506 ] }, { "date": "2025-09-19", "close": 7.707839, "volume": 40378, "typical_volume": 34167.65, "trend": 7.508674, "fair_value": 7.025575, "relative_strength": -10.537688, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 71.05782, "energy": 81.633013, "activity_lines": [ 7.694762, 7.651473, 7.560687, 7.514705 ] }, { "date": "2025-09-26", "close": 7.771612, "volume": 20774, "typical_volume": 34502.35, "trend": 7.497223, "fair_value": 7.034717, "relative_strength": -10.2376, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.707292, "energy": 87.200411, "activity_lines": [ 7.726906, 7.682092, 7.586269, 7.531668 ] }, { "date": "2025-10-03", "close": 7.76968, "volume": 12201, "typical_volume": 33976.2, "trend": 7.498513, "fair_value": 7.04356, "relative_strength": -11.157123, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.129846, "energy": 80.467014, "activity_lines": [ 7.748615, 7.706064, 7.609808, 7.549246 ] }, { "date": "2025-10-10", "close": 7.806397, "volume": 43677, "typical_volume": 34454.2, "trend": 7.502055, "fair_value": 7.053503, "relative_strength": -7.878703, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.311659, "energy": 70.099291, "activity_lines": [ 7.772643, 7.73052, 7.63573, 7.56911 ] }, { "date": "2025-10-17", "close": 7.840216, "volume": 24572, "typical_volume": 34072.0, "trend": 7.505696, "fair_value": 7.064215, "relative_strength": -6.583835, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.303537, "energy": 69.94906, "activity_lines": [ 7.799118, 7.757294, 7.662738, 7.590927 ] }, { "date": "2025-10-24", "close": 7.920415, "volume": 26638, "typical_volume": 34518.1, "trend": 7.5136, "fair_value": 7.074562, "relative_strength": -6.973485, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.761056, "energy": 72.056972, "activity_lines": [ 7.846207, 7.793748, 7.695395, 7.617683 ] }, { "date": "2025-10-31", "close": 8.015109, "volume": 42913, "typical_volume": 35362.75, "trend": 7.533384, "fair_value": 7.085144, "relative_strength": -7.091162, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.284124, "energy": 94.221046, "activity_lines": [ 7.910688, 7.842236, 7.734739, 7.650038 ] }, { "date": "2025-11-07", "close": 7.949403, "volume": 33432, "typical_volume": 35806.6, "trend": 7.564967, "fair_value": 7.095365, "relative_strength": -6.925745, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.815846, "energy": 84.02672, "activity_lines": [ 7.937035, 7.871681, 7.764732, 7.676878 ] }, { "date": "2025-11-14", "close": 7.952302, "volume": 33292, "typical_volume": 35244.7, "trend": 7.589855, "fair_value": 7.105289, "relative_strength": -8.780933, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.410879, "energy": 79.315775, "activity_lines": [ 7.952366, 7.895679, 7.792408, 7.701867 ] }, { "date": "2025-11-21", "close": 8.026704, "volume": 16220, "typical_volume": 33116.75, "trend": 7.613483, "fair_value": 7.115176, "relative_strength": -4.618101, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.871571, "energy": 75.495114, "activity_lines": [ 7.982771, 7.928146, 7.824353, 7.730051 ] }, { "date": "2025-11-28", "close": 8.021873, "volume": 18779, "typical_volume": 32486.6, "trend": 7.637793, "fair_value": 7.12447, "relative_strength": -5.747896, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.537425, "energy": 66.056922, "activity_lines": [ 7.999133, 7.954674, 7.852739, 7.756399 ] }, { "date": "2025-12-05", "close": 8.030568, "volume": 79532, "typical_volume": 34421.6, "trend": 7.659432, "fair_value": 7.134131, "relative_strength": -5.418036, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.520316, "energy": 64.917383, "activity_lines": [ 8.01163, 7.977073, 7.878956, 7.781739 ] }, { "date": "2025-12-12", "close": 7.930078, "volume": 38622, "typical_volume": 35381.95, "trend": 7.67258, "fair_value": 7.14363, "relative_strength": -6.377151, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.299131, "energy": 56.950747, "activity_lines": [ 7.989599, 7.976493, 7.892721, 7.7992 ] }, { "date": "2025-12-19", "close": 8.001581, "volume": 29634, "typical_volume": 35307.3, "trend": 7.694032, "fair_value": 7.153553, "relative_strength": -7.669636, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.508706, "energy": 52.124916, "activity_lines": [ 7.992691, 7.985998, 7.910909, 7.820426 ] }, { "date": "2025-12-26", "close": 7.953268, "volume": 18337, "typical_volume": 35227.35, "trend": 7.711723, "fair_value": 7.164085, "relative_strength": -7.452217, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.578884, "energy": 41.053923, "activity_lines": [ 7.976394, 7.983169, 7.922564, 7.837151 ] }, { "date": "2026-01-02", "close": 7.98129, "volume": 12723, "typical_volume": 35530.05, "trend": 7.730068, "fair_value": 7.173541, "relative_strength": -8.172432, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.615015, "energy": 34.562903, "activity_lines": [ 7.974333, 7.98338, 7.935066, 7.854543 ] }, { "date": "2026-01-09", "close": 8.069219, "volume": 26980, "typical_volume": 35500.7, "trend": 7.753525, "fair_value": 7.183505, "relative_strength": -7.39732, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.381393, "energy": 49.576399, "activity_lines": [ 8.004287, 7.998471, 7.954294, 7.876423 ] }, { "date": "2026-01-16", "close": 8.099173, "volume": 18184, "typical_volume": 34895.15, "trend": 7.776672, "fair_value": 7.193631, "relative_strength": -6.808706, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.356124, "energy": 53.258989, "activity_lines": [ 8.041649, 8.018025, 7.974259, 7.898723 ] }, { "date": "2026-01-23", "close": 8.015109, "volume": 95871, "typical_volume": 34128.6, "trend": 7.798481, "fair_value": 7.203128, "relative_strength": -5.416986, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.272246, "energy": 46.823615, "activity_lines": [ 8.039716, 8.019571, 7.98394, 7.914106 ] }, { "date": "2026-01-30", "close": 7.943605, "volume": 53656, "typical_volume": 34320.75, "trend": 7.817409, "fair_value": 7.212008, "relative_strength": -7.2687, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.929857, "energy": 38.320763, "activity_lines": [ 8.013047, 8.006974, 7.985187, 7.923469 ] }, { "date": "2026-02-06", "close": 8.002547, "volume": 67055, "typical_volume": 35654.6, "trend": 7.83774, "fair_value": 7.221811, "relative_strength": -6.878818, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.141602, "energy": 32.527204, "activity_lines": [ 8.00667, 8.006605, 7.991118, 7.935413 ] }, { "date": "2026-02-13", "close": 8.061, "volume": 54355, "typical_volume": 37333.65, "trend": 7.858929, "fair_value": 7.232311, "relative_strength": -4.954359, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.721171, "energy": 31.510157, "activity_lines": [ 8.01836, 8.017216, 8.001212, 7.949817 ] }, { "date": "2026-02-20", "close": 8.112, "volume": 28391, "typical_volume": 38143.15, "trend": 7.881693, "fair_value": 7.242737, "relative_strength": -6.169546, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.696571, "energy": 39.7123, "activity_lines": [ 8.047597, 8.036545, 8.014786, 7.966144 ] }, { "date": "2026-02-27", "close": 8.105, "volume": 35772, "typical_volume": 37747.9, "trend": 7.898668, "fair_value": 7.253322, "relative_strength": -7.347615, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.609797, "energy": 52.237029, "activity_lines": [ 8.073647, 8.051295, 8.026063, 7.980551 ] }, { "date": "2026-03-06", "close": 8.215, "volume": 33100, "typical_volume": 38174.3, "trend": 7.920147, "fair_value": 7.264834, "relative_strength": 0.562935, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.994187, "energy": 75.728473, "activity_lines": [ 8.13037, 8.084163, 8.046394, 8.00096 ] }, { "date": "2026-03-13", "close": 8.161, "volume": 72492, "typical_volume": 40467.0, "trend": 7.937668, "fair_value": 7.276623, "relative_strength": -0.314106, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.798611, "energy": 71.657061, "activity_lines": [ 8.151, 8.102455, 8.059798, 8.016499 ] }, { "date": "2026-03-20", "close": 7.994, "volume": 42292, "typical_volume": 40435.95, "trend": 7.949977, "fair_value": 7.287154, "relative_strength": 1.130749, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.268578, "energy": 37.800548, "activity_lines": [ 8.1054, 8.087116, 8.056151, 8.020133 ] }, { "date": "2026-03-27", "close": 7.972, "volume": 19348, "typical_volume": 39731.75, "trend": 7.961681, "fair_value": 7.29756, "relative_strength": -0.246999, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.670303, "energy": 17.360156, "activity_lines": [ 8.056933, 8.069145, 8.050509, 8.021554 ] }, { "date": "2026-04-03", "close": 8.055, "volume": 237277, "typical_volume": 49931.0, "trend": 7.97438, "fair_value": 7.308726, "relative_strength": -3.792074, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.871376, "energy": 18.026568, "activity_lines": [ 8.045467, 8.068576, 8.052665, 8.027574 ] }, { "date": "2026-04-10", "close": 8.078, "volume": 32523, "typical_volume": 50746.15, "trend": 7.985366, "fair_value": 7.320351, "relative_strength": -7.186989, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.967983, "energy": 20.820692, "activity_lines": [ 8.045, 8.071464, 8.056522, 8.03426 ] }, { "date": "2026-04-17", "close": 8.16, "volume": 53279, "typical_volume": 52471.15, "trend": 8.000438, "fair_value": 7.332683, "relative_strength": -8.341153, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.662629, "energy": 20.81491, "activity_lines": [ 8.081, 8.086818, 8.067944, 8.045526 ] }, { "date": "2026-04-24", "close": 8.134, "volume": 154305, "typical_volume": 56209.8, "trend": 8.012518, "fair_value": 7.344818, "relative_strength": -6.05717, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.666671, "energy": 36.542009, "activity_lines": [ 8.1084, 8.094582, 8.076233, 8.054143 ] }, { "date": "2026-05-01", "close": 8.1, "volume": 26545, "typical_volume": 55605.95, "trend": 8.023529, "fair_value": 7.356589, "relative_strength": -7.374473, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.056382, "energy": 41.525089, "activity_lines": [ 8.115133, 8.094836, 8.08079, 8.059787 ] }, { "date": "2026-05-08", "close": 8.143, "volume": 125519, "typical_volume": 60400.2, "trend": 8.034749, "fair_value": 7.36807, "relative_strength": -8.63907, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.623507, "energy": 49.11652, "activity_lines": [ 8.127667, 8.103127, 8.088634, 8.067495 ] }, { "date": "2026-05-15", "close": 8.142, "volume": 86810, "typical_volume": 63823.85, "trend": 8.044808, "fair_value": 7.379643, "relative_strength": -8.13538, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.238644, "energy": 45.766732, "activity_lines": [ 8.134, 8.110545, 8.095709, 8.074414 ] }, { "date": "2026-05-22", "close": 8.173, "volume": 51096, "typical_volume": 65742.5, "trend": 8.053228, "fair_value": 7.391099, "relative_strength": -8.312954, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.937319, "energy": 42.465769, "activity_lines": [ 8.1464, 8.124927, 8.104838, 8.082685 ] }, { "date": "2026-05-29", "close": 8.231, "volume": 82982, "typical_volume": 68542.6, "trend": 8.060424, "fair_value": 7.402491, "relative_strength": -8.430876, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.763614, "energy": 54.693115, "activity_lines": [ 8.177267, 8.149636, 8.118578, 8.094154 ] }, { "date": "2026-06-05", "close": 8.304, "volume": 19364, "typical_volume": 68601.6, "trend": 8.072244, "fair_value": 7.414175, "relative_strength": -7.18737, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.301738, "energy": 72.730632, "activity_lines": [ 8.226, 8.183309, 8.1385, 8.109869 ] }, { "date": "2026-06-12", "close": 8.335, "volume": 7386, "typical_volume": 64177.35, "trend": 8.085, "fair_value": 7.426347, "relative_strength": -9.500871, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.386166, "energy": 83.794254, "activity_lines": [ 8.271467, 8.216582, 8.160399, 8.126821 ] }, { "date": "2026-06-19", "close": 8.435, "volume": 44133, "typical_volume": 63701.2, "trend": 8.09861, "fair_value": 7.438788, "relative_strength": -10.477528, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.614506, "energy": 94.614604, "activity_lines": [ 8.337467, 8.262945, 8.190298, 8.149401 ] }, { "date": "2026-06-26", "close": 8.486, "volume": 2158, "typical_volume": 60456.35, "trend": 8.114081, "fair_value": 7.451684, "relative_strength": -6.955893, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.155427, "energy": 95.847259, "activity_lines": [ 8.400933, 8.312091, 8.222714, 8.174394 ] }, { "date": "2026-07-03", "close": 8.466, "volume": 15198, "typical_volume": 58498.5, "trend": 8.128596, "fair_value": 7.465107, "relative_strength": -9.653551, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.375732, "energy": 91.85494, "activity_lines": [ 8.436867, 8.351673, 8.250924, 8.197099 ] }, { "date": "2026-07-10", "close": 8.456, "volume": 46811, "typical_volume": 59419.5, "trend": 8.146126, "fair_value": 7.478252, "relative_strength": -9.174961, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.298078, "energy": 88.886038, "activity_lines": [ 8.4538, 8.3834, 8.276252, 8.218221 ] }, { "date": "2026-07-17", "close": 8.429, "volume": 43422, "typical_volume": 59802.0, "trend": 8.160374, "fair_value": 7.490851, "relative_strength": -7.970262, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.895833, "energy": 84.754397, "activity_lines": [ 8.4516, 8.403745, 8.297371, 8.236471 ] }, { "date": "2026-07-24", "close": 8.391, "volume": 111327, "typical_volume": 63713.35, "trend": 8.174965, "fair_value": 7.502682, "relative_strength": -8.03897, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.747997, "energy": 62.700215, "activity_lines": [ 8.430467, 8.411982, 8.313329, 8.251351 ] }, { "date": "2026-07-31", "close": 8.295, "volume": 57756, "typical_volume": 62976.55, "trend": 8.185422, "fair_value": 7.51404, "relative_strength": -9.429268, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.395576, "energy": 40.949534, "activity_lines": [ 8.380267, 8.398236, 8.319305, 8.259095 ] }, { "date": "2026-08-07", "close": 8.337, "volume": 37922, "typical_volume": 62758.05, "trend": 8.194348, "fair_value": 7.525457, "relative_strength": -11.327996, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.422006, "energy": 27.81237, "activity_lines": [ 8.3568, 8.389909, 8.328643, 8.268874 ] } ], "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." } } }