{ "ticker": { "uuid": "817cf6b9-8eb6-4c8e-a7ed-fc2d51c5d93e", "symbol": "IEG", "name": "Italian Exhibition Group S.p.A.", "exchange": "MIL", "country": "IT", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 76.779, "architecture_energy": 88.881, "architecture_maturity": 76.0, "architecture_confidence": 83.641, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 0.69, "rotation_up": 84.52, "upward_expansion": 99.27, "deceleration": 39.35, "rotation_down": 8.68, "downward_expansion": 21.27 }, "activity_lines": [ 16.32, 15.358182, 14.330547, 13.617234 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 16.700001, "trend_reference": 12.579094, "distance_from_trend": 0.3276, "trend_direction": "Improving", "fair_value": 7.248383, "distance_from_fair_value": 1.303962, "fair_value_direction": "Improving", "relative_strength": 35.093195, "relative_strength_direction": "Improving", "price_momentum": 0.578147, "excess_performance": 0.407255, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.3276, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.207412, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.303962, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.282009, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.350932, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.160021, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.578147, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.048024, "read": "Demand-led" } ], "volume": { "latest": 73600, "relative_activity": 2.151034, "balance": 4.048024, "dry_up": 2.020248, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.070215, "annualized_volatility": 0.300549, "from_high_reference": -0.07989, "from_low_reference": 1.255995 }, "levels": { "trend_reference": 12.579094, "fair_value_reference": 7.248383, "structural_low": 9.84375, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 29, "median_return": 0.013405, "positive_rate": 0.62069, "directional_follow_through": 0.62069, "median_excess_return": 0.001365, "regime_survival": 0.793103, "best_return": 0.372159, "worst_return": -0.112426, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.090909, "positive_rate": 0.636364, "directional_follow_through": 0.636364, "median_excess_return": 0.046301, "regime_survival": 0.727273, "best_return": 0.6, "worst_return": -0.072398, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.261949, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.169028, "regime_survival": 0.5, "best_return": 0.937888, "worst_return": -0.027237, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.307393, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.125568, "regime_survival": 0.666667, "best_return": 1.240064, "worst_return": 0.221802, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-03-31", "end": "2023-06-16", "tenure": "Developing", "return": -0.015686, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-06-23", "end": "2023-08-25", "tenure": "Developing", "return": 0.048, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-09-01", "end": "2024-03-29", "tenure": "Extended", "return": 0.745454, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-05", "end": "2024-05-17", "tenure": "Developing", "return": 0.08742, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-08-23", "tenure": "Established", "return": 0.215686, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-30", "end": "2025-01-03", "tenure": "Established", "return": 0.173333, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-10", "end": "2025-02-28", "tenure": "Developing", "return": -0.002732, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-07", "end": "2025-03-21", "tenure": "New", "return": 0.011019, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-28", "end": "2025-07-11", "tenure": "Established", "return": 0.215371, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-18", "end": "2025-10-31", "tenure": "Established", "return": -0.058275, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-07", "end": "2025-12-12", "tenure": "Developing", "return": 0.0525, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-19", "end": "2026-01-02", "tenure": "New", "return": 0.033097, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-09", "end": "2026-01-23", "tenure": "New", "return": 0.059633, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-08-07", "tenure": "Extended", "return": 0.84403, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 2.417555, "volume": 3916, "typical_volume": 24526.1, "trend": 2.356572, "fair_value": 2.360473, "relative_strength": 1.473041, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.044059, "energy": 32.25117, "activity_lines": [ 2.383952, 2.363587, 2.358972, 2.358178 ] }, { "date": "2023-08-25", "close": 2.445558, "volume": 36257, "typical_volume": 25915.85, "trend": 2.357506, "fair_value": 2.360174, "relative_strength": 1.118523, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.074411, "energy": 47.594444, "activity_lines": [ 2.410088, 2.380558, 2.367062, 2.363919 ] }, { "date": "2023-09-01", "close": 2.566903, "volume": 347417, "typical_volume": 41592.25, "trend": 2.365284, "fair_value": 2.360773, "relative_strength": 4.474399, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.470556, "energy": 68.512819, "activity_lines": [ 2.469205, 2.417725, 2.386442, 2.377429 ] }, { "date": "2023-09-08", "close": 2.594905, "volume": 156874, "typical_volume": 48699.05, "trend": 2.373374, "fair_value": 2.361909, "relative_strength": 7.0365, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.472242, "energy": 77.051127, "activity_lines": [ 2.520232, 2.455741, 2.407644, 2.392243 ] }, { "date": "2023-09-15", "close": 2.604239, "volume": 634058, "typical_volume": 80242.65, "trend": 2.383641, "fair_value": 2.363106, "relative_strength": 4.866283, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.021096, "energy": 80.35501, "activity_lines": [ 2.56068, 2.490532, 2.428623, 2.407137 ] }, { "date": "2023-09-22", "close": 2.585571, "volume": 12456, "typical_volume": 80714.05, "trend": 2.392353, "fair_value": 2.364123, "relative_strength": 5.170346, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.12167, "energy": 78.886247, "activity_lines": [ 2.580593, 2.517346, 2.446758, 2.420165 ] }, { "date": "2023-09-29", "close": 2.622908, "volume": 43206, "typical_volume": 81424.2, "trend": 2.400754, "fair_value": 2.366098, "relative_strength": 7.876735, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.443637, "energy": 78.019915, "activity_lines": [ 2.60175, 2.546367, 2.467338, 2.43504 ] }, { "date": "2023-10-06", "close": 2.613574, "volume": 14657, "typical_volume": 81148.15, "trend": 2.409777, "fair_value": 2.368072, "relative_strength": 8.913327, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.165142, "energy": 69.224515, "activity_lines": [ 2.607973, 2.56843, 2.485695, 2.44877 ] }, { "date": "2023-10-13", "close": 2.557569, "volume": 32079, "typical_volume": 82045.35, "trend": 2.417244, "fair_value": 2.371004, "relative_strength": 4.87664, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.500129, "energy": 49.463455, "activity_lines": [ 2.592416, 2.57471, 2.497385, 2.458305 ] }, { "date": "2023-10-20", "close": 2.576237, "volume": 6006, "typical_volume": 81913.35, "trend": 2.425334, "fair_value": 2.375492, "relative_strength": 8.918654, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.314482, "energy": 44.078939, "activity_lines": [ 2.585571, 2.581328, 2.510186, 2.468562 ] }, { "date": "2023-10-27", "close": 2.576237, "volume": 12250, "typical_volume": 78688.4, "trend": 2.431868, "fair_value": 2.381236, "relative_strength": 8.928297, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.489522, "energy": 34.82354, "activity_lines": [ 2.580593, 2.584553, 2.521832, 2.478298 ] }, { "date": "2023-11-03", "close": 2.660244, "volume": 33903, "typical_volume": 78064.5, "trend": 2.440891, "fair_value": 2.389074, "relative_strength": 6.718663, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.445538, "energy": 43.021807, "activity_lines": [ 2.604239, 2.600166, 2.540589, 2.493032 ] }, { "date": "2023-11-10", "close": 2.613574, "volume": 21784, "typical_volume": 78106.25, "trend": 2.448358, "fair_value": 2.395895, "relative_strength": 5.136018, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.70037, "energy": 39.756162, "activity_lines": [ 2.60984, 2.603391, 2.55339, 2.504173 ] }, { "date": "2023-11-17", "close": 2.800257, "volume": 79000, "typical_volume": 80809.15, "trend": 2.462982, "fair_value": 2.4014, "relative_strength": 8.41623, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.169778, "energy": 60.592777, "activity_lines": [ 2.677668, 2.639709, 2.582637, 2.526876 ] }, { "date": "2023-11-24", "close": 2.809592, "volume": 62612, "typical_volume": 83346.1, "trend": 2.477294, "fair_value": 2.40517, "relative_strength": 8.626987, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.568144, "energy": 80.633503, "activity_lines": [ 2.732429, 2.673991, 2.610507, 2.549238 ] }, { "date": "2023-12-01", "close": 2.800257, "volume": 22283, "typical_volume": 81958.8, "trend": 2.492229, "fair_value": 2.407503, "relative_strength": 6.138819, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.544888, "energy": 88.793669, "activity_lines": [ 2.768521, 2.702842, 2.635309, 2.570074 ] }, { "date": "2023-12-08", "close": 2.874931, "volume": 36853, "typical_volume": 82522.35, "trend": 2.509964, "fair_value": 2.409478, "relative_strength": 6.931962, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.423596, "energy": 94.010927, "activity_lines": [ 2.81457, 2.741367, 2.665001, 2.594765 ] }, { "date": "2023-12-15", "close": 2.921602, "volume": 13891, "typical_volume": 80171.25, "trend": 2.529566, "fair_value": 2.412948, "relative_strength": 8.448983, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.027435, "energy": 94.32939, "activity_lines": [ 2.861863, 2.783795, 2.696559, 2.621322 ] }, { "date": "2023-12-22", "close": 2.856263, "volume": 78542, "typical_volume": 82740.35, "trend": 2.544189, "fair_value": 2.416479, "relative_strength": 6.063502, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.803308, "energy": 86.899332, "activity_lines": [ 2.866841, 2.808743, 2.718961, 2.642399 ] }, { "date": "2023-12-29", "close": 2.874931, "volume": 15915, "typical_volume": 83197.95, "trend": 2.562236, "fair_value": 2.419291, "relative_strength": 6.809735, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.668635, "energy": 78.139725, "activity_lines": [ 2.874309, 2.831654, 2.740919, 2.663737 ] }, { "date": "2024-01-05", "close": 2.884265, "volume": 7439, "typical_volume": 83374.1, "trend": 2.578726, "fair_value": 2.422282, "relative_strength": 6.700864, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.791474, "energy": 65.343952, "activity_lines": [ 2.880532, 2.850832, 2.761454, 2.684513 ] }, { "date": "2024-01-12", "close": 3.136288, "volume": 47102, "typical_volume": 83916.35, "trend": 2.605173, "fair_value": 2.429104, "relative_strength": 15.662386, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.488194, "energy": 74.549364, "activity_lines": [ 2.965161, 2.910231, 2.803769, 2.720485 ] }, { "date": "2024-01-19", "close": 3.285635, "volume": 53718, "typical_volume": 69231.4, "trend": 2.636909, "fair_value": 2.437002, "relative_strength": 21.513215, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.363105, "energy": 85.466105, "activity_lines": [ 3.08215, 2.988129, 2.857018, 2.764386 ] }, { "date": "2024-01-26", "close": 3.715008, "volume": 241018, "typical_volume": 73438.6, "trend": 2.683269, "fair_value": 2.447652, "relative_strength": 36.059394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.755701, "energy": 97.777701, "activity_lines": [ 3.317994, 3.131876, 2.947738, 2.833941 ] }, { "date": "2024-02-02", "close": 4.265726, "volume": 245623, "typical_volume": 54016.85, "trend": 2.747053, "fair_value": 2.460756, "relative_strength": 52.795654, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 99.521946, "energy": 99.674206, "activity_lines": [ 3.680161, 3.359121, 3.085573, 2.936035 ] }, { "date": "2024-02-09", "close": 4.85378, "volume": 492369, "typical_volume": 78012.5, "trend": 2.83106, "fair_value": 2.476852, "relative_strength": 68.929991, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 99.379862, "energy": 99.711267, "activity_lines": [ 4.145626, 3.66681, 3.271501, 3.071953 ] }, { "date": "2024-02-16", "close": 4.508414, "volume": 235489, "typical_volume": 87626.65, "trend": 2.903556, "fair_value": 2.490913, "relative_strength": 52.178812, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.554845, "energy": 93.23228, "activity_lines": [ 4.364668, 3.874368, 3.413736, 3.180169 ] }, { "date": "2024-02-23", "close": 4.471077, "volume": 96480, "typical_volume": 91717.8, "trend": 2.97574, "fair_value": 2.505094, "relative_strength": 44.935903, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.594106, "energy": 84.670981, "activity_lines": [ 4.479789, 4.045438, 3.543437, 3.281299 ] }, { "date": "2024-03-01", "close": 4.480412, "volume": 113252, "typical_volume": 95776.45, "trend": 3.045436, "fair_value": 2.519214, "relative_strength": 42.731851, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.151212, "energy": 68.194596, "activity_lines": [ 4.518993, 4.190034, 3.665181, 3.378375 ] }, { "date": "2024-03-08", "close": 4.583088, "volume": 129335, "typical_volume": 101942.9, "trend": 3.118553, "fair_value": 2.533694, "relative_strength": 42.473106, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.721609, "energy": 68.115348, "activity_lines": [ 4.541395, 4.323767, 3.787548, 3.477578 ] }, { "date": "2024-03-15", "close": 4.461744, "volume": 67357, "typical_volume": 104698.25, "trend": 3.186693, "fair_value": 2.547995, "relative_strength": 35.430567, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.319953, "energy": 64.268991, "activity_lines": [ 4.502192, 4.404381, 3.888802, 3.564236 ] }, { "date": "2024-03-22", "close": 4.489746, "volume": 30796, "typical_volume": 104542.9, "trend": 3.254833, "fair_value": 2.560141, "relative_strength": 33.602716, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.89642, "energy": 61.343817, "activity_lines": [ 4.498458, 4.461404, 3.983744, 3.648304 ] }, { "date": "2024-03-29", "close": 4.480412, "volume": 31338, "typical_volume": 105020.6, "trend": 3.318616, "fair_value": 2.571809, "relative_strength": 30.710229, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.218996, "energy": 56.446119, "activity_lines": [ 4.492858, 4.492122, 4.069085, 3.727373 ] }, { "date": "2024-04-05", "close": 4.377736, "volume": 13593, "typical_volume": 101750.25, "trend": 3.378044, "fair_value": 2.582819, "relative_strength": 29.457307, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.873549, "energy": 46.212423, "activity_lines": [ 4.452409, 4.482449, 4.135758, 3.795704 ] }, { "date": "2024-04-12", "close": 4.38707, "volume": 29645, "typical_volume": 100101.9, "trend": 3.437472, "fair_value": 2.592691, "relative_strength": 29.574651, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.121973, "energy": 41.394483, "activity_lines": [ 4.421918, 4.462422, 4.195808, 3.860802 ] }, { "date": "2024-04-19", "close": 4.443075, "volume": 56233, "typical_volume": 101799.4, "trend": 3.499388, "fair_value": 2.601726, "relative_strength": 29.478664, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.025535, "energy": 36.512696, "activity_lines": [ 4.423162, 4.450373, 4.25368, 3.92568 ] }, { "date": "2024-04-26", "close": 4.38707, "volume": 22137, "typical_volume": 101063.6, "trend": 3.558194, "fair_value": 2.608907, "relative_strength": 25.662286, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.432124, "energy": 33.313966, "activity_lines": [ 4.406983, 4.435608, 4.298395, 3.98295 ] }, { "date": "2024-05-03", "close": 4.396404, "volume": 36709, "typical_volume": 102204.5, "trend": 3.617621, "fair_value": 2.616805, "relative_strength": 27.18193, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.368132, "energy": 33.92857, "activity_lines": [ 4.40076, 4.424746, 4.336799, 4.037028 ] }, { "date": "2024-05-10", "close": 4.415072, "volume": 49703, "typical_volume": 100762.55, "trend": 3.679538, "fair_value": 2.624463, "relative_strength": 22.973611, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.030629, "energy": 36.119998, "activity_lines": [ 4.40636, 4.418636, 4.369957, 4.088476 ] }, { "date": "2024-05-17", "close": 4.760437, "volume": 104664, "typical_volume": 105200.0, "trend": 3.752345, "fair_value": 2.634994, "relative_strength": 28.627454, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 77.438069, "energy": 66.841788, "activity_lines": [ 4.524593, 4.476508, 4.428585, 4.158212 ] }, { "date": "2024-05-24", "close": 4.894804, "volume": 282868, "typical_volume": 118971.45, "trend": 3.82963, "fair_value": 2.647583, "relative_strength": 34.468169, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.143655, "energy": 82.425391, "activity_lines": [ 4.662724, 4.555586, 4.491031, 4.231919 ] }, { "date": "2024-05-31", "close": 4.837219, "volume": 175321, "typical_volume": 125382.4, "trend": 3.902196, "fair_value": 2.658606, "relative_strength": 31.586845, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.908939, "energy": 82.492009, "activity_lines": [ 4.751545, 4.61632, 4.538418, 4.296924 ] }, { "date": "2024-06-07", "close": 4.798828, "volume": 34105, "typical_volume": 124401.75, "trend": 3.975038, "fair_value": 2.669982, "relative_strength": 28.737125, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.098553, "energy": 80.683235, "activity_lines": [ 4.797558, 4.663756, 4.57405, 4.354772 ] }, { "date": "2024-06-14", "close": 4.894804, "volume": 3378595, "typical_volume": 281280.6, "trend": 4.044856, "fair_value": 2.682331, "relative_strength": 37.712364, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.971736, "energy": 74.721006, "activity_lines": [ 4.848736, 4.722853, 4.611616, 4.414111 ] }, { "date": "2024-06-21", "close": 5.48986, "volume": 255670, "typical_volume": 281782.95, "trend": 4.134199, "fair_value": 2.699692, "relative_strength": 49.380579, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.749486, "energy": 70.00041, "activity_lines": [ 5.066283, 4.88074, 4.700237, 4.507337 ] }, { "date": "2024-06-28", "close": 5.835375, "volume": 117875, "typical_volume": 263058.25, "trend": 4.235369, "fair_value": 2.719507, "relative_strength": 56.961576, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.768593, "energy": 81.118621, "activity_lines": [ 5.350373, 5.081398, 4.815934, 4.617091 ] }, { "date": "2024-07-05", "close": 6.315258, "volume": 115774, "typical_volume": 257072.5, "trend": 4.350047, "fair_value": 2.743116, "relative_strength": 62.876499, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.729154, "energy": 94.633876, "activity_lines": [ 5.73172, 5.343993, 4.97266, 4.751277 ] }, { "date": "2024-07-12", "close": 6.180891, "volume": 54922, "typical_volume": 254994.6, "trend": 4.45869, "fair_value": 2.766941, "relative_strength": 54.148459, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.442513, "energy": 91.536838, "activity_lines": [ 5.969742, 5.547099, 5.107986, 4.869396 ] }, { "date": "2024-07-19", "close": 6.488016, "volume": 78032, "typical_volume": 253233.6, "trend": 4.579748, "fair_value": 2.792435, "relative_strength": 60.636837, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.312095, "energy": 92.60862, "activity_lines": [ 6.218002, 5.773601, 5.264419, 5.00032 ] }, { "date": "2024-07-26", "close": 6.488016, "volume": 53731, "typical_volume": 249453.4, "trend": 4.700184, "fair_value": 2.817211, "relative_strength": 59.599079, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.97335, "energy": 86.864922, "activity_lines": [ 6.360047, 5.962413, 5.411292, 5.123434 ] }, { "date": "2024-08-02", "close": 6.027328, "volume": 155001, "typical_volume": 253835.6, "trend": 4.804953, "fair_value": 2.839513, "relative_strength": 53.991569, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.483189, "energy": 62.930187, "activity_lines": [ 6.281986, 6.036053, 5.50522, 5.209056 ] }, { "date": "2024-08-09", "close": 5.931351, "volume": 147936, "typical_volume": 259692.6, "trend": 4.898122, "fair_value": 2.860183, "relative_strength": 50.255724, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.38327, "energy": 52.578122, "activity_lines": [ 6.159136, 6.071652, 5.582551, 5.281727 ] }, { "date": "2024-08-16", "close": 5.758594, "volume": 44338, "typical_volume": 260342.6, "trend": 4.980554, "fair_value": 2.879625, "relative_strength": 38.45139, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.515485, "energy": 37.560425, "activity_lines": [ 6.004294, 6.055947, 5.636565, 5.337242 ] }, { "date": "2024-08-23", "close": 5.950547, "volume": 50813, "typical_volume": 262203.6, "trend": 5.055072, "fair_value": 2.900777, "relative_strength": 38.569066, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.972292, "energy": 28.084997, "activity_lines": [ 5.941589, 6.057692, 5.702773, 5.399822 ] }, { "date": "2024-08-30", "close": 5.758594, "volume": 11454, "typical_volume": 261294.05, "trend": 5.104834, "fair_value": 2.919501, "relative_strength": 29.754557, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.37259, "energy": 21.918253, "activity_lines": [ 5.850731, 6.005341, 5.74321, 5.44521 ] }, { "date": "2024-09-06", "close": 5.701008, "volume": 14208, "typical_volume": 259192.8, "trend": 5.133075, "fair_value": 2.938036, "relative_strength": 31.083051, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.98896, "energy": 19.827469, "activity_lines": [ 5.789306, 5.937634, 5.771632, 5.483673 ] }, { "date": "2024-09-13", "close": 5.566641, "volume": 26003, "typical_volume": 259386.1, "trend": 5.168349, "fair_value": 2.955769, "relative_strength": 25.538376, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.706914, "energy": 17.780536, "activity_lines": [ 5.704847, 5.847939, 5.781267, 5.511645 ] }, { "date": "2024-09-20", "close": 5.662617, "volume": 13513, "typical_volume": 258226.3, "trend": 5.208067, "fair_value": 2.974237, "relative_strength": 25.557152, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.145673, "energy": 14.813231, "activity_lines": [ 5.676694, 5.789306, 5.794426, 5.543533 ] }, { "date": "2024-09-27", "close": 5.605031, "volume": 43200, "typical_volume": 257901.15, "trend": 5.245555, "fair_value": 2.992336, "relative_strength": 19.646318, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.667435, "energy": 14.495017, "activity_lines": [ 5.635744, 5.729626, 5.79607, 5.569144 ] }, { "date": "2024-10-04", "close": 5.931351, "volume": 39991, "typical_volume": 254667.5, "trend": 5.290497, "fair_value": 3.012467, "relative_strength": 29.359254, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.772535, "energy": 13.615982, "activity_lines": [ 5.726601, 5.745331, 5.823127, 5.613389 ] }, { "date": "2024-10-11", "close": 5.796984, "volume": 49996, "typical_volume": 243023.9, "trend": 5.335005, "fair_value": 3.031737, "relative_strength": 22.445157, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.958198, "energy": 16.105393, "activity_lines": [ 5.761153, 5.746727, 5.83181, 5.646066 ] }, { "date": "2024-10-18", "close": 5.912156, "volume": 39678, "typical_volume": 236241.75, "trend": 5.382418, "fair_value": 3.052044, "relative_strength": 20.461124, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.881571, "energy": 21.214292, "activity_lines": [ 5.827697, 5.773252, 5.847166, 5.683301 ] }, { "date": "2024-10-25", "close": 5.969742, "volume": 46197, "typical_volume": 236846.35, "trend": 5.432063, "fair_value": 3.072959, "relative_strength": 21.833206, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 41.672977, "energy": 26.619283, "activity_lines": [ 5.890401, 5.810595, 5.862888, 5.721193 ] }, { "date": "2024-11-01", "close": 6.065719, "volume": 30840, "typical_volume": 69458.6, "trend": 5.488329, "fair_value": 3.094131, "relative_strength": 22.772331, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 46.686187, "energy": 32.797838, "activity_lines": [ 5.964623, 5.86155, 5.882175, 5.762074 ] }, { "date": "2024-11-08", "close": 5.758594, "volume": 52380, "typical_volume": 59294.1, "trend": 5.534046, "fair_value": 3.113274, "relative_strength": 18.262152, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 35.944027, "energy": 22.978155, "activity_lines": [ 5.905758, 5.85457, 5.866636, 5.779511 ] }, { "date": "2024-11-15", "close": 5.892961, "volume": 44848, "typical_volume": 55642.75, "trend": 5.582376, "fair_value": 3.133937, "relative_strength": 18.469361, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.805087, "energy": 23.169811, "activity_lines": [ 5.903199, 5.872021, 5.862614, 5.802666 ] }, { "date": "2024-11-22", "close": 5.969742, "volume": 79153, "typical_volume": 53811.7, "trend": 5.635131, "fair_value": 3.156348, "relative_strength": 21.184423, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.099197, "energy": 23.310055, "activity_lines": [ 5.919834, 5.899941, 5.86563, 5.827658 ] }, { "date": "2024-11-29", "close": 5.931351, "volume": 18746, "typical_volume": 52002.9, "trend": 5.686296, "fair_value": 3.178274, "relative_strength": 19.383046, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.136106, "energy": 18.551093, "activity_lines": [ 5.919834, 5.913552, 5.866636, 5.846769 ] }, { "date": "2024-12-06", "close": 6.046524, "volume": 33516, "typical_volume": 49777.1, "trend": 5.740678, "fair_value": 3.20046, "relative_strength": 15.835546, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.030393, "energy": 24.643537, "activity_lines": [ 5.960784, 5.943218, 5.879798, 5.870009 ] }, { "date": "2024-12-13", "close": 5.912156, "volume": 52559, "typical_volume": 49718.5, "trend": 5.779069, "fair_value": 3.221784, "relative_strength": 11.761835, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.95846, "energy": 21.577715, "activity_lines": [ 5.958225, 5.940426, 5.882266, 5.881072 ] }, { "date": "2024-12-20", "close": 6.1425, "volume": 79065, "typical_volume": 45921.7, "trend": 5.820659, "fair_value": 3.245482, "relative_strength": 18.656488, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 56.096006, "energy": 31.523638, "activity_lines": [ 6.022209, 5.979863, 5.909414, 5.904519 ] }, { "date": "2024-12-27", "close": 6.1425, "volume": 6945, "typical_volume": 38872.15, "trend": 5.864168, "fair_value": 3.268882, "relative_strength": 16.045867, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 56.455607, "energy": 39.563649, "activity_lines": [ 6.069558, 6.013019, 5.936013, 5.925283 ] }, { "date": "2025-01-03", "close": 6.75675, "volume": 79819, "typical_volume": 40646.2, "trend": 5.929432, "fair_value": 3.295979, "relative_strength": 26.157502, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 81.093936, "energy": 67.991226, "activity_lines": [ 6.310139, 6.153668, 6.020107, 5.982869 ] }, { "date": "2025-01-10", "close": 7.025485, "volume": 65930, "typical_volume": 41402.05, "trend": 6.000455, "fair_value": 3.324739, "relative_strength": 26.07592, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.770926, "energy": 81.918545, "activity_lines": [ 6.585272, 6.328869, 6.125041, 6.053582 ] }, { "date": "2025-01-17", "close": 7.04468, "volume": 50258, "typical_volume": 43342.25, "trend": 6.052282, "fair_value": 3.353622, "relative_strength": 21.05719, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.452669, "energy": 84.518597, "activity_lines": [ 6.801539, 6.49011, 6.226685, 6.120952 ] }, { "date": "2025-01-24", "close": 7.236633, "volume": 48390, "typical_volume": 45051.35, "trend": 6.098991, "fair_value": 3.383557, "relative_strength": 23.437669, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.790103, "energy": 88.389159, "activity_lines": [ 7.006289, 6.662868, 6.340486, 6.197361 ] }, { "date": "2025-01-31", "close": 7.025485, "volume": 28615, "typical_volume": 45181.95, "trend": 6.122665, "fair_value": 3.412436, "relative_strength": 18.191106, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.665923, "energy": 82.247961, "activity_lines": [ 7.067714, 6.772805, 6.426865, 6.257135 ] }, { "date": "2025-02-07", "close": 7.04468, "volume": 21083, "typical_volume": 45560.45, "trend": 6.151458, "fair_value": 3.44102, "relative_strength": 16.175797, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.708292, "energy": 76.036732, "activity_lines": [ 7.076672, 6.867036, 6.508125, 6.31662 ] }, { "date": "2025-02-14", "close": 7.121461, "volume": 24277, "typical_volume": 44614.3, "trend": 6.172573, "fair_value": 3.470216, "relative_strength": 13.982207, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.473255, "energy": 60.563454, "activity_lines": [ 7.092028, 6.954985, 6.590117, 6.379201 ] }, { "date": "2025-02-21", "close": 6.948703, "volume": 25930, "typical_volume": 43911.25, "trend": 6.187929, "fair_value": 3.498305, "relative_strength": 9.370577, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.349725, "energy": 47.642487, "activity_lines": [ 7.0434, 6.99198, 6.648434, 6.429274 ] }, { "date": "2025-02-28", "close": 7.006289, "volume": 33746, "typical_volume": 43098.75, "trend": 6.220561, "fair_value": 3.528976, "relative_strength": 9.036121, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.444473, "energy": 39.740885, "activity_lines": [ 7.020366, 7.020598, 6.707391, 6.482071 ] }, { "date": "2025-03-07", "close": 6.967899, "volume": 32933, "typical_volume": 42761.5, "trend": 6.255113, "fair_value": 3.558743, "relative_strength": 8.070945, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.194186, "energy": 35.197093, "activity_lines": [ 6.999891, 7.026532, 6.756933, 6.530287 ] }, { "date": "2025-03-14", "close": 7.063875, "volume": 20582, "typical_volume": 41480.75, "trend": 6.298622, "fair_value": 3.589126, "relative_strength": 8.741883, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.332896, "energy": 32.353789, "activity_lines": [ 7.015247, 7.034908, 6.810588, 6.582465 ] }, { "date": "2025-03-21", "close": 7.04468, "volume": 6978, "typical_volume": 40287.65, "trend": 6.335093, "fair_value": 3.618607, "relative_strength": 6.780174, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.695209, "energy": 31.065811, "activity_lines": [ 7.022925, 7.03421, 6.857206, 6.630598 ] }, { "date": "2025-03-28", "close": 7.159852, "volume": 48921, "typical_volume": 40114.7, "trend": 6.381802, "fair_value": 3.649126, "relative_strength": 8.666863, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.933956, "energy": 35.018425, "activity_lines": [ 7.074113, 7.054103, 6.91013, 6.683808 ] }, { "date": "2025-04-04", "close": 6.891118, "volume": 34506, "typical_volume": 39597.6, "trend": 6.421472, "fair_value": 3.678222, "relative_strength": 16.013487, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.00556, "energy": 26.304175, "activity_lines": [ 7.021646, 7.023042, 6.930788, 6.716667 ] }, { "date": "2025-04-11", "close": 6.891118, "volume": 58409, "typical_volume": 38560.4, "trend": 6.465621, "fair_value": 3.707437, "relative_strength": 17.176663, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.675829, "energy": 21.22445, "activity_lines": [ 6.976857, 6.998262, 6.946693, 6.746967 ] }, { "date": "2025-04-18", "close": 6.910313, "volume": 18014, "typical_volume": 38523.8, "trend": 6.507211, "fair_value": 3.736536, "relative_strength": 10.378047, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.476791, "energy": 18.160793, "activity_lines": [ 6.943585, 6.979416, 6.960038, 6.775657 ] }, { "date": "2025-04-25", "close": 7.255828, "volume": 24586, "typical_volume": 38077.3, "trend": 6.562238, "fair_value": 3.76785, "relative_strength": 10.841013, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.75018, "energy": 26.591235, "activity_lines": [ 7.035722, 7.025834, 7.001628, 6.823954 ] }, { "date": "2025-05-02", "close": 7.255828, "volume": 18310, "typical_volume": 36364.85, "trend": 6.606387, "fair_value": 3.799702, "relative_strength": 7.31723, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.186101, "energy": 31.193164, "activity_lines": [ 7.113783, 7.069808, 7.037459, 6.868702 ] }, { "date": "2025-05-09", "close": 7.678125, "volume": 22398, "typical_volume": 33531.5, "trend": 6.669092, "fair_value": 3.83486, "relative_strength": 9.748374, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.415239, "energy": 58.694557, "activity_lines": [ 7.326211, 7.18498, 7.10711, 6.937847 ] }, { "date": "2025-05-16", "close": 8.524688, "volume": 75599, "typical_volume": 36964.2, "trend": 6.756176, "fair_value": 3.875384, "relative_strength": 17.042124, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.570411, "energy": 81.008135, "activity_lines": [ 7.76836, 7.441857, 7.250075, 7.057563 ] }, { "date": "2025-05-23", "close": 9.134999, "volume": 139829, "typical_volume": 39964.7, "trend": 6.861685, "fair_value": 3.920419, "relative_strength": 27.944704, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.536362, "energy": 90.193506, "activity_lines": [ 8.30504, 7.781395, 7.43982, 7.211035 ] }, { "date": "2025-05-30", "close": 9.134999, "volume": 42324, "typical_volume": 38784.4, "trend": 6.963994, "fair_value": 3.965394, "relative_strength": 24.828249, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.570465, "energy": 92.586871, "activity_lines": [ 8.693409, 8.083276, 7.61824, 7.3577 ] }, { "date": "2025-06-06", "close": 9.154688, "volume": 21240, "typical_volume": 37333.5, "trend": 7.077197, "fair_value": 4.010257, "relative_strength": 22.388628, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.543958, "energy": 90.810461, "activity_lines": [ 8.963062, 8.35073, 7.78849, 7.499036 ] }, { "date": "2025-06-13", "close": 9.05625, "volume": 12479, "typical_volume": 35537.95, "trend": 7.18264, "fair_value": 4.054787, "relative_strength": 23.613456, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.678543, "energy": 86.852787, "activity_lines": [ 9.073312, 8.564018, 7.939317, 7.626716 ] }, { "date": "2025-06-20", "close": 9.174375, "volume": 22705, "typical_volume": 35242.45, "trend": 7.289461, "fair_value": 4.100254, "relative_strength": 24.996372, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.555125, "energy": 77.099586, "activity_lines": [ 9.131062, 8.759416, 8.09273, 7.755215 ] }, { "date": "2025-06-27", "close": 8.938125, "volume": 19082, "typical_volume": 35142.4, "trend": 7.389687, "fair_value": 4.144147, "relative_strength": 19.610618, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.404407, "energy": 59.772576, "activity_lines": [ 9.06675, 8.870346, 8.213409, 7.861581 ] }, { "date": "2025-07-04", "close": 8.524688, "volume": 47663, "typical_volume": 36311.7, "trend": 7.472292, "fair_value": 4.185987, "relative_strength": 14.081123, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.634925, "energy": 48.169931, "activity_lines": [ 8.87775, 8.869237, 8.285698, 7.934807 ] }, { "date": "2025-07-11", "close": 8.701875, "volume": 39914, "typical_volume": 37010.9, "trend": 7.565283, "fair_value": 4.229802, "relative_strength": 14.678462, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.479701, "energy": 38.132231, "activity_lines": [ 8.7885, 8.877273, 8.368179, 8.014135 ] }, { "date": "2025-07-18", "close": 8.445937, "volume": 21359, "typical_volume": 36391.55, "trend": 7.642064, "fair_value": 4.272185, "relative_strength": 10.436297, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.865034, "energy": 26.314235, "activity_lines": [ 8.644125, 8.812483, 8.417937, 8.070951 ] }, { "date": "2025-07-25", "close": 8.288438, "volume": 23899, "typical_volume": 35939.85, "trend": 7.713595, "fair_value": 4.313469, "relative_strength": 7.148847, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.639914, "energy": 23.024683, "activity_lines": [ 8.487938, 8.705097, 8.445839, 8.112653 ] }, { "date": "2025-08-01", "close": 8.0325, "volume": 17289, "typical_volume": 35775.2, "trend": 7.75612, "fair_value": 4.353291, "relative_strength": 5.738138, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.077152, "energy": 19.06617, "activity_lines": [ 8.3055, 8.555472, 8.443078, 8.133227 ] }, { "date": "2025-08-08", "close": 8.623125, "volume": 22197, "typical_volume": 36536.15, "trend": 7.809375, "fair_value": 4.396062, "relative_strength": 8.70296, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.657224, "energy": 19.716045, "activity_lines": [ 8.380313, 8.533278, 8.491955, 8.189163 ] }, { "date": "2025-08-15", "close": 8.564062, "volume": 8930, "typical_volume": 34536.6, "trend": 7.860021, "fair_value": 4.438814, "relative_strength": 5.070565, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.781513, "energy": 14.505385, "activity_lines": [ 8.428875, 8.509653, 8.52769, 8.237852 ] }, { "date": "2025-08-22", "close": 8.367188, "volume": 21556, "typical_volume": 33889.1, "trend": 7.897706, "fair_value": 4.479705, "relative_strength": 0.934138, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.080781, "energy": 11.80392, "activity_lines": [ 8.421, 8.460972, 8.537988, 8.270573 ] }, { "date": "2025-08-29", "close": 8.583751, "volume": 7995, "typical_volume": 31368.4, "trend": 7.949649, "fair_value": 4.522283, "relative_strength": 5.898353, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.231652, "energy": 20.812202, "activity_lines": [ 8.490563, 8.464193, 8.561883, 8.314834 ] }, { "date": "2025-09-05", "close": 8.544375, "volume": 9280, "typical_volume": 30931.7, "trend": 7.999638, "fair_value": 4.564849, "relative_strength": 6.538482, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.796158, "energy": 19.035346, "activity_lines": [ 8.527313, 8.470995, 8.573967, 8.353203 ] }, { "date": "2025-09-12", "close": 8.367188, "volume": 20648, "typical_volume": 30734.8, "trend": 8.041163, "fair_value": 4.606278, "relative_strength": 1.669317, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.013838, "energy": 15.304711, "activity_lines": [ 8.470875, 8.452739, 8.561395, 8.376916 ] }, { "date": "2025-09-19", "close": 8.170313, "volume": 9593, "typical_volume": 30298.95, "trend": 8.081883, "fair_value": 4.647044, "relative_strength": -0.378378, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.735001, "energy": 5.292945, "activity_lines": [ 8.365875, 8.401551, 8.524781, 8.385248 ] }, { "date": "2025-09-26", "close": 8.071875, "volume": 19609, "typical_volume": 30159.5, "trend": 8.117403, "fair_value": 4.68688, "relative_strength": -2.618777, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.722626, "energy": 8.695532, "activity_lines": [ 8.254313, 8.342131, 8.474438, 8.384603 ] }, { "date": "2025-10-03", "close": 8.209687, "volume": 26690, "typical_volume": 27714.05, "trend": 8.158795, "fair_value": 4.728287, "relative_strength": -2.485008, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 7.249827, "energy": 13.991999, "activity_lines": [ 8.208375, 8.314568, 8.435344, 8.390556 ] }, { "date": "2025-10-10", "close": 8.071875, "volume": 9471, "typical_volume": 21196.15, "trend": 8.192395, "fair_value": 4.768422, "relative_strength": -1.58655, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.567904, "energy": 28.447083, "activity_lines": [ 8.141437, 8.263381, 8.384625, 8.384949 ] }, { "date": "2025-10-17", "close": 8.229375, "volume": 7097, "typical_volume": 19434.8, "trend": 8.231885, "fair_value": 4.808848, "relative_strength": 0.741162, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.440684, "energy": 26.004643, "activity_lines": [ 8.1585, 8.240114, 8.353969, 8.387334 ] }, { "date": "2025-10-24", "close": 8.091563, "volume": 7934, "typical_volume": 18769.5, "trend": 8.262942, "fair_value": 4.848691, "relative_strength": -2.824926, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.427915, "energy": 23.190123, "activity_lines": [ 8.138813, 8.198949, 8.3145, 8.378281 ] }, { "date": "2025-10-31", "close": 7.95375, "volume": 7148, "typical_volume": 18502.95, "trend": 8.298363, "fair_value": 4.887829, "relative_strength": -6.087767, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.477175, "energy": 32.251911, "activity_lines": [ 8.078438, 8.141318, 8.266969, 8.358334 ] }, { "date": "2025-11-07", "close": 7.875, "volume": 16734, "typical_volume": 18204.4, "trend": 8.331159, "fair_value": 4.926223, "relative_strength": -6.581709, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.417716, "energy": 47.419183, "activity_lines": [ 7.999688, 8.076886, 8.217188, 8.33102 ] }, { "date": "2025-11-14", "close": 7.934063, "volume": 22361, "typical_volume": 18368.35, "trend": 8.365284, "fair_value": 4.964936, "relative_strength": -8.25688, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.425512, "energy": 48.742107, "activity_lines": [ 7.962938, 8.03608, 8.179219, 8.305401 ] }, { "date": "2025-11-21", "close": 7.815938, "volume": 34390, "typical_volume": 17704.7, "trend": 8.383955, "fair_value": 5.002533, "relative_strength": -6.844261, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.678719, "energy": 51.328483, "activity_lines": [ 7.896, 7.984892, 8.134781, 8.269959 ] }, { "date": "2025-11-28", "close": 8.091563, "volume": 5606, "typical_volume": 15989.3, "trend": 8.411813, "fair_value": 5.041896, "relative_strength": -5.189649, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.953576, "energy": 34.58466, "activity_lines": [ 7.9485, 7.993841, 8.119969, 8.251095 ] }, { "date": "2025-12-05", "close": 8.209687, "volume": 8381, "typical_volume": 15340.4, "trend": 8.429531, "fair_value": 5.082017, "relative_strength": -4.114583, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.434901, "energy": 21.268854, "activity_lines": [ 8.040375, 8.025699, 8.119313, 8.238055 ] }, { "date": "2025-12-12", "close": 8.288438, "volume": 10449, "typical_volume": 14667.9, "trend": 8.421656, "fair_value": 5.122643, "relative_strength": -3.572751, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.715321, "energy": 14.442089, "activity_lines": [ 8.141438, 8.06937, 8.127281, 8.228952 ] }, { "date": "2025-12-19", "close": 8.327812, "volume": 15689, "typical_volume": 14587.9, "trend": 8.39475, "fair_value": 5.161845, "relative_strength": -5.845532, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.53862, "energy": 15.693415, "activity_lines": [ 8.228062, 8.118767, 8.139, 8.222897 ] }, { "date": "2025-12-26", "close": 8.544375, "volume": 9486, "typical_volume": 13952.35, "trend": 8.375063, "fair_value": 5.201898, "relative_strength": -3.180643, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.878496, "energy": 15.479016, "activity_lines": [ 8.360625, 8.202886, 8.169938, 8.232551 ] }, { "date": "2026-01-02", "close": 8.603437, "volume": 19994, "typical_volume": 14505.55, "trend": 8.356688, "fair_value": 5.242748, "relative_strength": -4.081285, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.741256, "energy": 36.580393, "activity_lines": [ 8.464312, 8.292017, 8.206875, 8.247284 ] }, { "date": "2026-01-09", "close": 8.583751, "volume": 18427, "typical_volume": 14349.1, "trend": 8.340938, "fair_value": 5.282394, "relative_strength": -4.907623, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.372285, "energy": 41.454473, "activity_lines": [ 8.527313, 8.368261, 8.24175, 8.261934 ] }, { "date": "2026-01-16", "close": 8.938125, "volume": 26625, "typical_volume": 15280.6, "trend": 8.333063, "fair_value": 5.324312, "relative_strength": -1.165741, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.426733, "energy": 59.262575, "activity_lines": [ 8.6835, 8.497483, 8.309344, 8.300462 ] }, { "date": "2026-01-23", "close": 9.095625, "volume": 14049, "typical_volume": 15519.05, "trend": 8.338313, "fair_value": 5.36712, "relative_strength": 2.717616, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 77.337221, "energy": 74.04322, "activity_lines": [ 8.848875, 8.636011, 8.39025, 8.349659 ] }, { "date": "2026-01-30", "close": 9.05625, "volume": 69631, "typical_volume": 17968.2, "trend": 8.356031, "fair_value": 5.410215, "relative_strength": 0.650011, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.832375, "energy": 69.836881, "activity_lines": [ 8.949938, 8.746261, 8.464781, 8.395978 ] }, { "date": "2026-02-06", "close": 10.582031, "volume": 239836, "typical_volume": 29480.35, "trend": 8.418703, "fair_value": 5.46297, "relative_strength": 16.251397, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.248016, "energy": 91.191052, "activity_lines": [ 9.525469, 9.111375, 8.681344, 8.539591 ] }, { "date": "2026-02-13", "close": 11.517187, "volume": 152941, "typical_volume": 36146.95, "trend": 8.521078, "fair_value": 5.522079, "relative_strength": 26.954844, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.886297, "energy": 97.706759, "activity_lines": [ 10.280812, 9.601236, 8.975484, 8.739493 ] }, { "date": "2026-02-20", "close": 11.271093, "volume": 24254, "typical_volume": 36025.15, "trend": 8.6205, "fair_value": 5.579431, "relative_strength": 20.739295, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.612529, "energy": 95.205431, "activity_lines": [ 10.758562, 9.986216, 9.229781, 8.916913 ] }, { "date": "2026-02-27", "close": 11.566406, "volume": 40748, "typical_volume": 37589.0, "trend": 8.738297, "fair_value": 5.638376, "relative_strength": 21.228661, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.727607, "energy": 94.082951, "activity_lines": [ 11.179218, 10.370659, 9.497625, 9.106972 ] }, { "date": "2026-03-06", "close": 11.123438, "volume": 46245, "typical_volume": 39546.4, "trend": 8.821641, "fair_value": 5.694662, "relative_strength": 23.819598, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.218587, "energy": 87.768927, "activity_lines": [ 11.2875, 10.615679, 9.706641, 9.260852 ] }, { "date": "2026-03-13", "close": 11.418751, "volume": 152922, "typical_volume": 46795.8, "trend": 8.916797, "fair_value": 5.7529, "relative_strength": 25.743229, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.028595, "energy": 66.68609, "activity_lines": [ 11.356407, 10.8675, 9.93, 9.428407 ] }, { "date": "2026-03-20", "close": 11.271093, "volume": 40685, "typical_volume": 48472.65, "trend": 9.013594, "fair_value": 5.810192, "relative_strength": 27.405482, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.081261, "energy": 58.75154, "activity_lines": [ 11.320313, 11.041287, 10.123453, 9.580297 ] }, { "date": "2026-03-27", "close": 11.714062, "volume": 136147, "typical_volume": 54443.3, "trend": 9.117938, "fair_value": 5.870025, "relative_strength": 29.740833, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.873793, "energy": 55.938818, "activity_lines": [ 11.448281, 11.246753, 10.343297, 9.754521 ] }, { "date": "2026-04-03", "close": 11.910938, "volume": 20969, "typical_volume": 54373.7, "trend": 9.230156, "fair_value": 5.931059, "relative_strength": 24.710766, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.234495, "energy": 55.363826, "activity_lines": [ 11.612344, 11.437543, 10.563609, 9.934715 ] }, { "date": "2026-04-10", "close": 12.157032, "volume": 27049, "typical_volume": 54006.65, "trend": 9.356484, "fair_value": 5.993671, "relative_strength": 21.393759, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.707391, "energy": 55.865967, "activity_lines": [ 11.835469, 11.621889, 10.788422, 10.123545 ] }, { "date": "2026-04-17", "close": 12.747656, "volume": 24532, "typical_volume": 54952.95, "trend": 9.509063, "fair_value": 6.060249, "relative_strength": 23.234378, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.064588, "energy": 59.803178, "activity_lines": [ 12.186563, 11.857244, 11.048813, 10.342331 ] }, { "date": "2026-04-24", "close": 12.550781, "volume": 8383, "typical_volume": 54953.05, "trend": 9.658359, "fair_value": 6.125445, "relative_strength": 23.643363, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.996791, "energy": 57.180375, "activity_lines": [ 12.383438, 12.017429, 11.268281, 10.538571 ] }, { "date": "2026-05-01", "close": 12.403126, "volume": 10937, "typical_volume": 54977.45, "trend": 9.798141, "fair_value": 6.189874, "relative_strength": 19.96049, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.738072, "energy": 54.235194, "activity_lines": [ 12.445782, 12.131975, 11.453016, 10.715652 ] }, { "date": "2026-05-08", "close": 12.64922, "volume": 16819, "typical_volume": 55033.95, "trend": 9.950719, "fair_value": 6.25594, "relative_strength": 19.09105, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.355485, "energy": 55.541011, "activity_lines": [ 12.544219, 12.270682, 11.641594, 10.899593 ] }, { "date": "2026-05-15", "close": 12.6, "volume": 6072, "typical_volume": 54863.25, "trend": 10.096406, "fair_value": 6.32175, "relative_strength": 18.552161, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.692407, "energy": 53.043625, "activity_lines": [ 12.577032, 12.380753, 11.804906, 11.070514 ] }, { "date": "2026-05-22", "close": 12.8, "volume": 4518, "typical_volume": 54089.45, "trend": 10.253354, "fair_value": 6.388305, "relative_strength": 19.185899, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.452339, "energy": 52.285442, "activity_lines": [ 12.64698, 12.500341, 11.967954, 11.24494 ] }, { "date": "2026-05-29", "close": 12.9, "volume": 11627, "typical_volume": 53749.45, "trend": 10.418229, "fair_value": 6.456038, "relative_strength": 18.539797, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.23113, "energy": 51.584103, "activity_lines": [ 12.746771, 12.612997, 12.120542, 11.415691 ] }, { "date": "2026-06-05", "close": 13.35, "volume": 10624, "typical_volume": 52949.4, "trend": 10.600729, "fair_value": 6.526297, "relative_strength": 22.572694, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.826394, "energy": 55.669805, "activity_lines": [ 12.973281, 12.777855, 12.295433, 11.604837 ] }, { "date": "2026-06-12", "close": 14.2, "volume": 11216, "typical_volume": 52807.75, "trend": 10.809594, "fair_value": 6.602305, "relative_strength": 25.804932, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.943671, "energy": 78.0664, "activity_lines": [ 13.42, 13.067514, 12.530268, 11.837048 ] }, { "date": "2026-06-19", "close": 13.3, "volume": 5572, "typical_volume": 49604.8, "trend": 10.992396, "fair_value": 6.672602, "relative_strength": 14.637894, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.283781, "energy": 71.318379, "activity_lines": [ 13.463333, 13.151918, 12.655082, 11.99772 ] }, { "date": "2026-06-26", "close": 13.0, "volume": 1817, "typical_volume": 37703.85, "trend": 11.15601, "fair_value": 6.741037, "relative_strength": 15.224796, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.147465, "energy": 64.327579, "activity_lines": [ 13.36, 13.160994, 12.731116, 12.127243 ] }, { "date": "2026-07-03", "close": 14.1, "volume": 61917, "typical_volume": 33152.65, "trend": 11.352354, "fair_value": 6.816343, "relative_strength": 20.751126, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.269097, "energy": 61.24083, "activity_lines": [ 13.61, 13.365483, 12.900398, 12.317178 ] }, { "date": "2026-07-10", "close": 14.5, "volume": 49623, "typical_volume": 34421.1, "trend": 11.559406, "fair_value": 6.894333, "relative_strength": 24.029697, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.862834, "energy": 57.837576, "activity_lines": [ 13.913333, 13.614531, 13.095476, 12.520251 ] }, { "date": "2026-07-17", "close": 14.6, "volume": 18455, "typical_volume": 33306.45, "trend": 11.768479, "fair_value": 6.972964, "relative_strength": 25.863917, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.568643, "energy": 61.615621, "activity_lines": [ 14.173333, 13.843636, 13.284702, 12.716419 ] }, { "date": "2026-07-24", "close": 15.8, "volume": 93407, "typical_volume": 35664.55, "trend": 12.010333, "fair_value": 7.059467, "relative_strength": 35.23869, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.446642, "energy": 78.044402, "activity_lines": [ 14.806667, 14.255455, 13.573769, 12.976517 ] }, { "date": "2026-07-31", "close": 17.549999, "volume": 91038, "typical_volume": 32570.35, "trend": 12.308552, "fair_value": 7.15665, "relative_strength": 47.448605, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.819791, "energy": 93.914769, "activity_lines": [ 15.856666, 14.927273, 14.007232, 13.333915 ] }, { "date": "2026-08-07", "close": 16.700001, "volume": 73600, "typical_volume": 34216.1, "trend": 12.579094, "fair_value": 7.248383, "relative_strength": 35.093195, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.778548, "energy": 88.880759, "activity_lines": [ 16.32, 15.358182, 14.330547, 13.617234 ] } ], "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." } } }