{ "ticker": { "uuid": "81390021-ed31-4a72-b1b2-fd323e919f7a", "symbol": "WEB3", "name": "ETC Group Web 3.0 UCITS ETF", "exchange": "PAR", "country": "FR", "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": "^FCHI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 86.389, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -23.955, "architecture_energy": 26.658, "architecture_maturity": 38.351, "architecture_confidence": 58.622, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 48.51, "rotation_up": 26.04, "upward_expansion": 17.94, "deceleration": 62.66, "rotation_down": 35.52, "downward_expansion": 63.27 }, "activity_lines": [ 9.243947, 9.22144, 9.416893, 9.475637 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 9.7379, "trend_reference": 9.633187, "distance_from_trend": 0.01087, "trend_direction": "Weakening", "fair_value": 10.606094, "distance_from_fair_value": -0.081858, "fair_value_direction": "Improving", "relative_strength": -14.08045, "relative_strength_direction": "Weakening", "price_momentum": -0.002489, "excess_performance": -0.055801, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.01087, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.064024, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.081858, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.021316, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.140804, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.002456, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.002489, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.010193, "read": "Demand-led" } ], "volume": { "latest": 2, "relative_activity": 0.022247, "balance": 1.010193, "dry_up": 0.013904, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.027882, "annualized_volatility": 0.293345, "from_high_reference": -0.28248, "from_low_reference": 0.114572 }, "levels": { "trend_reference": 9.633187, "fair_value_reference": 10.606094, "structural_low": 8.7369, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": 0.002488, "positive_rate": 0.5, "directional_follow_through": 0.333333, "median_excess_return": 0.005774, "regime_survival": 0.833333, "best_return": 0.028127, "worst_return": -0.109675, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.083919, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.088857, "regime_survival": 1.0, "best_return": 0.016628, "worst_return": -0.184466, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.170905, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.180576, "regime_survival": 1.0, "best_return": -0.170905, "worst_return": -0.170905, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-19", "end": "2025-11-14", "tenure": "Developing", "return": -0.034698, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-21", "end": "2025-12-05", "tenure": "New", "return": 0.017852, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-12", "end": "2026-01-09", "tenure": "Developing", "return": -0.036654, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-16", "end": "2026-05-15", "tenure": "Established", "return": -0.119634, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-22", "end": "2026-05-29", "tenure": "New", "return": -0.028508, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-06-26", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": 0.11115, "active": true } ], "chart_path": [ { "date": "2024-03-15", "close": 9.7355, "volume": 881, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 9.8198, "volume": 1177, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 9.7067, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 9.5519, "volume": 565, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 9.6868, "volume": 751, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 9.3985, "volume": 8, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 9.2318, "volume": 291, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 9.6388, "volume": 15, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 9.6221, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 9.8002, "volume": 5, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 9.7586, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 9.4241, "volume": 178, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 9.8282, "volume": 114, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 9.9918, "volume": 1, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 10.0212, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 10.1704, "volume": 3, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 10.1704, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 10.1704, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 10.1704, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 10.1704, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 10.1704, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 10.1704, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 10.1704, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 10.1704, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 10.1704, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 10.1704, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 10.1704, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 10.1704, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 10.1704, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 9.2039, "volume": 2889, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 9.6549, "volume": 3058, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 9.8492, "volume": 1954, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 10.105, "volume": 63, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 10.105, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 11.0168, "volume": 2565, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 11.1673, "volume": 9792, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 11.5278, "volume": 881, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 11.6512, "volume": 4, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 11.6512, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 12.0199, "volume": 98, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 12.0199, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 12.2018, "volume": 906, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 12.4406, "volume": 87, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 12.0246, "volume": 881, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 12.266, "volume": 12, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 12.266, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 12.7525, "volume": 2193, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 12.411, "volume": 279, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 12.802, "volume": 885, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 12.802, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 11.6735, "volume": 732, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 10.8038, "volume": 341, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 10.8038, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 10.8038, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 10.3533, "volume": 300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 10.3533, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 10.3533, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 8.496, "volume": 881, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 9.2519, "volume": 4405, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 9.2012, "volume": 1762, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 9.8384, "volume": 299, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 10.6364, "volume": 7295, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 10.6478, "volume": 881, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 10.561, "volume": 881, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 10.7806, "volume": 1, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 10.7806, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 10.7806, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 10.7806, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 11.4454, "volume": 889, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 11.3563, "volume": 5, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 12.1697, "volume": 1465, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 12.3415, "volume": 8, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 11.5807, "volume": 1762, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 11.5807, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 11.7998, "volume": 2653, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 11.4285, "volume": 5, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 11.7192, "volume": 10, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 11.7192, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 11.865, "volume": 740, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 11.9661, "volume": 69, "typical_volume": 848.15, "trend": 10.929067, "fair_value": 10.717652, "relative_strength": 4.795751, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.689626, "energy": 59.682915, "activity_lines": [ 11.821, 11.776756, 11.579007, 11.242767 ] }, { "date": "2025-09-26", "close": 12.296, "volume": 2647, "typical_volume": 965.55, "trend": 10.949817, "fair_value": 10.737138, "relative_strength": 7.087101, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.297373, "energy": 63.288097, "activity_lines": [ 12.006467, 11.86384, 11.67492, 11.330956 ] }, { "date": "2025-10-03", "close": 12.5096, "volume": 10, "typical_volume": 601.3, "trend": 11.006677, "fair_value": 10.758754, "relative_strength": 5.648709, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.783053, "energy": 79.613798, "activity_lines": [ 12.2053, 11.987464, 11.779474, 11.431587 ] }, { "date": "2025-10-10", "close": 13.3621, "volume": 6, "typical_volume": 557.55, "trend": 11.091953, "fair_value": 10.790119, "relative_strength": 14.557516, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.335581, "energy": 96.203583, "activity_lines": [ 12.635607, 12.263031, 11.956299, 11.58355 ] }, { "date": "2025-10-17", "close": 12.6565, "volume": 4417, "typical_volume": 734.35, "trend": 11.15371, "fair_value": 10.812338, "relative_strength": 4.759047, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.849806, "energy": 86.449971, "activity_lines": [ 12.721187, 12.377918, 12.052998, 11.684489 ] }, { "date": "2025-10-24", "close": 13.0924, "volume": 5, "typical_volume": 734.55, "trend": 11.245013, "fair_value": 10.839162, "relative_strength": 7.348838, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.542478, "energy": 89.855293, "activity_lines": [ 12.8993, 12.5525, 12.181232, 11.809565 ] }, { "date": "2025-10-31", "close": 13.2201, "volume": 2648, "typical_volume": 866.95, "trend": 11.340573, "fair_value": 10.866848, "relative_strength": 9.416829, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.833667, "energy": 84.094386, "activity_lines": [ 13.044893, 12.726798, 12.31062, 11.93699 ] }, { "date": "2025-11-07", "close": 11.9259, "volume": 884, "typical_volume": 911.15, "trend": 11.392993, "fair_value": 10.879021, "relative_strength": 0.828453, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.144323, "energy": 47.735318, "activity_lines": [ 12.69748, 12.633213, 12.305135, 11.974753 ] }, { "date": "2025-11-14", "close": 11.5509, "volume": 2678, "typical_volume": 1045.05, "trend": 11.494823, "fair_value": 10.886656, "relative_strength": -4.820085, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 19.413182, "energy": 16.730201, "activity_lines": [ 12.26398, 12.467687, 12.258481, 11.984941 ] }, { "date": "2025-11-21", "close": 11.1529, "volume": 10822, "typical_volume": 1541.7, "trend": 11.55819, "fair_value": 10.889647, "relative_strength": -5.707575, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.340055, "energy": 23.418071, "activity_lines": [ 11.81856, 12.232858, 12.170254, 11.962881 ] }, { "date": "2025-11-28", "close": 11.6354, "volume": 40, "typical_volume": 1543.45, "trend": 11.63933, "fair_value": 10.897933, "relative_strength": -3.100741, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.813827, "energy": 34.347549, "activity_lines": [ 11.634213, 12.098704, 12.129373, 11.967863 ] }, { "date": "2025-12-05", "close": 11.352, "volume": 273, "typical_volume": 1483.85, "trend": 11.689783, "fair_value": 10.902923, "relative_strength": -5.158479, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.529709, "energy": 38.992269, "activity_lines": [ 11.452533, 11.919035, 12.060172, 11.949325 ] }, { "date": "2025-12-12", "close": 11.352, "volume": 0, "typical_volume": 1483.45, "trend": 11.713637, "fair_value": 10.907804, "relative_strength": -4.347895, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.672911, "energy": 44.827361, "activity_lines": [ 11.395393, 11.756529, 11.994865, 11.927533 ] }, { "date": "2025-12-19", "close": 10.9912, "volume": 98, "typical_volume": 1400.25, "trend": 11.725083, "fair_value": 10.908701, "relative_strength": -7.962523, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.593163, "energy": 52.655065, "activity_lines": [ 11.256247, 11.549471, 11.899908, 11.880924 ] }, { "date": "2025-12-26", "close": 10.9912, "volume": 0, "typical_volume": 1400.25, "trend": 11.739423, "fair_value": 10.909579, "relative_strength": -7.05048, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.222649, "energy": 59.697289, "activity_lines": [ 11.154413, 11.38552, 11.807758, 11.833577 ] }, { "date": "2026-01-02", "close": 10.9359, "volume": 30, "typical_volume": 1269.1, "trend": 11.7446, "fair_value": 10.909856, "relative_strength": -8.09929, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.231653, "energy": 59.225072, "activity_lines": [ 11.044927, 11.241793, 11.713148, 11.781736 ] }, { "date": "2026-01-09", "close": 10.9359, "volume": 0, "typical_volume": 1268.85, "trend": 11.749777, "fair_value": 10.910127, "relative_strength": -9.561582, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.128575, "energy": 75.498768, "activity_lines": [ 10.982073, 11.137275, 11.622652, 11.729562 ] }, { "date": "2026-01-16", "close": 10.9359, "volume": 0, "typical_volume": 1268.35, "trend": 11.754953, "fair_value": 10.910393, "relative_strength": -8.105956, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.629866, "energy": 78.708177, "activity_lines": [ 10.94696, 11.074287, 11.534502, 11.677054 ] }, { "date": "2026-01-23", "close": 10.7646, "volume": 235, "typical_volume": 1280.1, "trend": 11.75442, "fair_value": 10.908905, "relative_strength": -7.981346, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.799045, "energy": 82.199949, "activity_lines": [ 10.882487, 10.998155, 11.433768, 11.61316 ] }, { "date": "2026-01-30", "close": 10.6548, "volume": 781, "typical_volume": 1282.15, "trend": 11.728067, "fair_value": 10.906338, "relative_strength": -8.375497, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.149258, "energy": 85.418476, "activity_lines": [ 10.79652, 10.916355, 11.327122, 11.542217 ] }, { "date": "2026-02-06", "close": 9.7622, "volume": 1762, "typical_volume": 1366.8, "trend": 11.67493, "fair_value": 10.894897, "relative_strength": -17.126353, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -97.35832, "energy": 97.481314, "activity_lines": [ 10.435447, 10.68132, 11.14123, 11.415387 ] }, { "date": "2026-02-13", "close": 9.7365, "volume": 1554, "typical_volume": 1312.15, "trend": 11.593823, "fair_value": 10.883428, "relative_strength": -17.281312, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -95.774342, "energy": 98.345617, "activity_lines": [ 10.144053, 10.475671, 10.963385, 11.290327 ] }, { "date": "2026-02-20", "close": 9.5506, "volume": 1, "typical_volume": 1311.7, "trend": 11.500793, "fair_value": 10.870361, "relative_strength": -20.316917, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.487095, "energy": 98.047053, "activity_lines": [ 9.870653, 10.265595, 10.780023, 11.158506 ] }, { "date": "2026-02-27", "close": 9.4585, "volume": 100, "typical_volume": 1316.4, "trend": 11.430053, "fair_value": 10.856653, "relative_strength": -21.323449, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.538133, "energy": 96.334126, "activity_lines": [ 9.658907, 10.071525, 10.60198, 11.026745 ] }, { "date": "2026-03-06", "close": 9.4585, "volume": 0, "typical_volume": 1095.55, "trend": 11.359313, "fair_value": 10.84321, "relative_strength": -15.372415, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.474345, "energy": 92.811743, "activity_lines": [ 9.534233, 9.905324, 10.442526, 10.899548 ] }, { "date": "2026-03-13", "close": 9.4585, "volume": 0, "typical_volume": 1095.3, "trend": 11.28127, "fair_value": 10.830022, "relative_strength": -14.318722, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.962289, "energy": 90.871928, "activity_lines": [ 9.489313, 9.766989, 10.2983, 10.776915 ] }, { "date": "2026-03-20", "close": 9.4585, "volume": 0, "typical_volume": 962.9, "trend": 11.215603, "fair_value": 10.817083, "relative_strength": -11.436598, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.944237, "energy": 89.807026, "activity_lines": [ 9.46464, 9.655516, 10.171379, 10.659317 ] }, { "date": "2026-03-27", "close": 9.4585, "volume": 0, "typical_volume": 918.7, "trend": 11.140247, "fair_value": 10.804386, "relative_strength": -11.757133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.636072, "energy": 82.441462, "activity_lines": [ 9.4585, 9.570905, 10.06237, 10.545955 ] }, { "date": "2026-04-03", "close": 9.4585, "volume": 0, "typical_volume": 784.8, "trend": 11.06489, "fair_value": 10.791924, "relative_strength": -14.365074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.265381, "energy": 68.401491, "activity_lines": [ 9.4585, 9.513156, 9.96511, 10.437456 ] }, { "date": "2026-04-10", "close": 9.4585, "volume": 0, "typical_volume": 243.7, "trend": 10.984673, "fair_value": 10.779691, "relative_strength": -17.087809, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.826953, "energy": 67.679621, "activity_lines": [ 9.4585, 9.479155, 9.877814, 10.333818 ] }, { "date": "2026-04-17", "close": 8.9186, "volume": 2, "typical_volume": 241.8, "trend": 10.88309, "fair_value": 10.762772, "relative_strength": -23.241607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.539999, "energy": 76.593061, "activity_lines": [ 9.278533, 9.36874, 9.747168, 10.200523 ] }, { "date": "2026-04-24", "close": 9.9169, "volume": 20, "typical_volume": 229.15, "trend": 10.803787, "fair_value": 10.755151, "relative_strength": -11.838206, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.584262, "energy": 57.494163, "activity_lines": [ 9.467327, 9.455173, 9.724535, 10.138188 ] }, { "date": "2026-05-01", "close": 9.6276, "volume": 1, "typical_volume": 229.2, "trend": 10.70772, "fair_value": 10.745084, "relative_strength": -13.959531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.173455, "energy": 48.835978, "activity_lines": [ 9.529127, 9.485725, 9.681184, 10.062305 ] }, { "date": "2026-05-08", "close": 9.6276, "volume": 0, "typical_volume": 224.3, "trend": 10.583237, "fair_value": 10.735195, "relative_strength": -13.83482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.713028, "energy": 49.744194, "activity_lines": [ 9.579653, 9.514878, 9.646044, 9.99262 ] }, { "date": "2026-05-15", "close": 9.6276, "volume": 0, "typical_volume": 224.3, "trend": 10.482273, "fair_value": 10.725479, "relative_strength": -11.931296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.081647, "energy": 33.997027, "activity_lines": [ 9.618907, 9.540956, 9.617397, 9.930966 ] }, { "date": "2026-05-22", "close": 10.4531, "volume": 888, "typical_volume": 267.2, "trend": 10.394297, "fair_value": 10.72311, "relative_strength": -6.18646, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 18.165853, "energy": 29.374915, "activity_lines": [ 9.922053, 9.714051, 9.673863, 9.929083 ] }, { "date": "2026-05-29", "close": 10.1551, "volume": 881, "typical_volume": 311.25, "trend": 10.29213, "fair_value": 10.718214, "relative_strength": -9.459685, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 13.534275, "energy": 34.595903, "activity_lines": [ 10.023567, 9.81488, 9.704247, 9.913651 ] }, { "date": "2026-06-05", "close": 9.6755, "volume": 1, "typical_volume": 311.3, "trend": 10.217117, "fair_value": 10.709302, "relative_strength": -13.855511, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -5.011387, "energy": 24.711074, "activity_lines": [ 9.949333, 9.815844, 9.692672, 9.873869 ] }, { "date": "2026-06-12", "close": 9.6755, "volume": 0, "typical_volume": 299.55, "trend": 10.154603, "fair_value": 10.700541, "relative_strength": -14.931304, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -7.864116, "energy": 21.496336, "activity_lines": [ 9.871907, 9.812862, 9.6871, 9.838926 ] }, { "date": "2026-06-19", "close": 9.6755, "volume": 0, "typical_volume": 260.5, "trend": 10.105357, "fair_value": 10.691927, "relative_strength": -15.316545, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -27.936114, "energy": 17.797198, "activity_lines": [ 9.791287, 9.805935, 9.686714, 9.808016 ] }, { "date": "2026-06-26", "close": 9.6755, "volume": 0, "typical_volume": 172.4, "trend": 10.040027, "fair_value": 10.683457, "relative_strength": -14.650595, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.920113, "energy": 28.270886, "activity_lines": [ 9.707473, 9.795062, 9.690991, 9.780283 ] }, { "date": "2026-07-03", "close": 8.7638, "volume": 0, "typical_volume": 94.7, "trend": 9.953753, "fair_value": 10.667592, "relative_strength": -23.313736, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.817356, "energy": 57.191606, "activity_lines": [ 9.3716, 9.604664, 9.608852, 9.697946 ] }, { "date": "2026-07-10", "close": 8.7638, "volume": 0, "typical_volume": 94.65, "trend": 9.86748, "fair_value": 10.651987, "relative_strength": -21.308528, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.794324, "energy": 83.563599, "activity_lines": [ 9.12848, 9.435231, 9.531346, 9.621175 ] }, { "date": "2026-07-17", "close": 9.0669, "volume": 2, "typical_volume": 89.75, "trend": 9.803337, "fair_value": 10.6391, "relative_strength": -18.03256, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.980029, "energy": 80.316802, "activity_lines": [ 9.047173, 9.336613, 9.486452, 9.569525 ] }, { "date": "2026-07-24", "close": 9.0103, "volume": 1, "typical_volume": 89.8, "trend": 9.737307, "fair_value": 10.625965, "relative_strength": -18.278641, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.399043, "energy": 86.28122, "activity_lines": [ 8.987573, 9.237898, 9.438033, 9.518361 ] }, { "date": "2026-07-31", "close": 9.0103, "volume": 0, "typical_volume": 89.8, "trend": 9.67312, "fair_value": 10.613039, "relative_strength": -19.035195, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.170441, "energy": 86.587575, "activity_lines": [ 8.97232, 9.150407, 9.391749, 9.471457 ] }, { "date": "2026-08-07", "close": 9.7379, "volume": 2, "typical_volume": 89.9, "trend": 9.633187, "fair_value": 10.606094, "relative_strength": -14.08045, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.954502, "energy": 26.657865, "activity_lines": [ 9.243947, 9.22144, 9.416893, 9.475637 ] } ], "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." } } }