{ "ticker": { "uuid": "87d661c8-bffb-4795-b49b-a305f838a10d", "symbol": "W3B3", "name": "ETC Group Web 3.0 UCITS ETF", "exchange": "GER", "country": "DE", "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": "2026-09-11", "benchmark": "^GDAXI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 90.79, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -46.685, "architecture_energy": 33.827, "architecture_maturity": 33.956, "architecture_confidence": 67.696, "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": 52.0, "rotation_up": 26.95, "upward_expansion": 11.2, "deceleration": 24.18, "rotation_down": 28.45, "downward_expansion": 61.7 }, "activity_lines": [ 9.207, 9.208418, 9.286357, 9.347452 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 9.207, "trend_reference": 9.3978, "distance_from_trend": -0.020303, "trend_direction": "Weakening", "fair_value": 10.230099, "distance_from_fair_value": -0.100009, "fair_value_direction": "Weakening", "relative_strength": -14.991193, "relative_strength_direction": "Improving", "price_momentum": -0.037327, "excess_performance": -0.127797, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.020303, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.051538, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.100009, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.01702, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.149912, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.022332, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.037327, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 9.526689, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 9.526689, "dry_up": 0.0, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.023694, "annualized_volatility": 0.330955, "from_high_reference": -0.399119, "from_low_reference": 0.117083 }, "levels": { "trend_reference": 9.3978, "fair_value_reference": 10.230099, "structural_low": 8.242, "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": 9, "median_return": 0.0, "positive_rate": 0.444444, "directional_follow_through": 0.444444, "median_excess_return": 0.010374, "regime_survival": 0.777778, "best_return": 0.129238, "worst_return": -0.10878, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.044124, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.078804, "regime_survival": 0.666667, "best_return": 0.293251, "worst_return": -0.109797, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.25541, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.206527, "regime_survival": 0.5, "best_return": 0.659896, "worst_return": -0.149076, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.043441, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.041376, "regime_survival": 1.0, "best_return": 0.043441, "worst_return": 0.043441, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "violet", "start": "2024-11-15", "end": "2024-11-22", "tenure": "New", "return": 0.025816, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-29", "end": "2025-02-28", "tenure": "Established", "return": -0.035799, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-18", "tenure": "Developing", "return": -0.174699, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-06-06", "tenure": "Developing", "return": 0.174737, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-06-27", "tenure": "New", "return": 0.045897, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "violet", "start": "2025-07-04", "end": "2025-08-15", "tenure": "Developing", "return": 0.033439, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2025-09-05", "tenure": "New", "return": -0.01665, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-12", "end": "2025-09-19", "tenure": "New", "return": 0.028433, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-26", "end": "2025-11-14", "tenure": "Developing", "return": -0.061188, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-21", "end": "2025-12-12", "tenure": "New", "return": 0.025455, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-19", "end": "2026-01-16", "tenure": "Developing", "return": 0.013874, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-23", "end": "2026-05-15", "tenure": "Established", "return": -0.087153, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-07-03", "tenure": "Developing", "return": -0.119461, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-10", "end": "2026-09-11", "tenure": "Developing", "return": -0.008401, "active": true } ], "chart_path": [ { "date": "2023-09-22", "close": 7.47, "volume": 9560, "typical_volume": 7321.9, "trend": 7.382167, "fair_value": 6.927837, "relative_strength": 4.572192, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 11.065073, "energy": 12.111061, "activity_lines": [ 7.6646, 7.667491, 7.736348, 7.596699 ] }, { "date": "2023-09-29", "close": 7.612, "volume": 2861, "typical_volume": 7331.1, "trend": 7.408967, "fair_value": 6.936284, "relative_strength": 7.905256, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 26.268495, "energy": 13.280363, "activity_lines": [ 7.647267, 7.641418, 7.730357, 7.611527 ] }, { "date": "2023-10-06", "close": 7.639, "volume": 2815, "typical_volume": 7379.55, "trend": 7.4443, "fair_value": 6.944854, "relative_strength": 9.521648, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 15.956927, "energy": 10.124566, "activity_lines": [ 7.6244, 7.630273, 7.723505, 7.626368 ] }, { "date": "2023-10-13", "close": 7.76, "volume": 2511, "typical_volume": 7432.1, "trend": 7.475367, "fair_value": 6.954675, "relative_strength": 11.555914, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 28.051014, "energy": 14.09219, "activity_lines": [ 7.658267, 7.652855, 7.7256, 7.646735 ] }, { "date": "2023-10-20", "close": 7.449, "volume": 7911, "typical_volume": 7311.2, "trend": 7.494667, "fair_value": 6.96056, "relative_strength": 9.823365, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 2.942548, "energy": 5.87898, "activity_lines": [ 7.593067, 7.6232, 7.696019, 7.645034 ] }, { "date": "2023-10-27", "close": 7.33, "volume": 39747, "typical_volume": 8636.45, "trend": 7.502967, "fair_value": 6.964906, "relative_strength": 8.797725, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": -3.895586, "energy": 14.401926, "activity_lines": [ 7.507733, 7.573364, 7.655852, 7.634411 ] }, { "date": "2023-11-03", "close": 7.84, "volume": 49700, "typical_volume": 10312.75, "trend": 7.5343, "fair_value": 6.975081, "relative_strength": 12.228762, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 25.946686, "energy": 12.056648, "activity_lines": [ 7.601733, 7.615, 7.665714, 7.656155 ] }, { "date": "2023-11-10", "close": 8.082, "volume": 9622, "typical_volume": 10610.95, "trend": 7.5741, "fair_value": 6.987805, "relative_strength": 14.944228, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 50.808921, "energy": 23.091404, "activity_lines": [ 7.7612, 7.692527, 7.699033, 7.69149 ] }, { "date": "2023-11-17", "close": 8.206, "volume": 3679, "typical_volume": 10418.25, "trend": 7.6201, "fair_value": 7.001648, "relative_strength": 11.322966, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 68.239549, "energy": 53.447716, "activity_lines": [ 7.932467, 7.789018, 7.741971, 7.732258 ] }, { "date": "2023-11-24", "close": 8.323, "volume": 2282, "typical_volume": 10256.6, "trend": 7.6783, "fair_value": 7.016494, "relative_strength": 11.719095, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.812284, "energy": 72.431845, "activity_lines": [ 8.113, 7.899927, 7.794486, 7.777606 ] }, { "date": "2023-12-01", "close": 8.62, "volume": 4787, "typical_volume": 10463.85, "trend": 7.7453, "fair_value": 7.034311, "relative_strength": 12.743097, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.583726, "energy": 85.950918, "activity_lines": [ 8.334267, 8.054273, 7.87289, 7.838361 ] }, { "date": "2023-12-08", "close": 8.844, "volume": 1741, "typical_volume": 10011.6, "trend": 7.8104, "fair_value": 7.054198, "relative_strength": 12.743895, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.057528, "energy": 92.180455, "activity_lines": [ 8.5442, 8.228436, 7.970343, 7.909245 ] }, { "date": "2023-12-15", "close": 9.159, "volume": 37476, "typical_volume": 10970.7, "trend": 7.8791, "fair_value": 7.077076, "relative_strength": 16.223227, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.039193, "energy": 95.945475, "activity_lines": [ 8.7922, 8.437473, 8.094552, 7.996252 ] }, { "date": "2023-12-22", "close": 9.133, "volume": 9821, "typical_volume": 11150.4, "trend": 7.939267, "fair_value": 7.099183, "relative_strength": 15.553233, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.647072, "energy": 92.836194, "activity_lines": [ 8.959733, 8.614145, 8.212119, 8.077148 ] }, { "date": "2023-12-29", "close": 9.295, "volume": 11312, "typical_volume": 11313.55, "trend": 7.995567, "fair_value": 7.122543, "relative_strength": 16.584389, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.139586, "energy": 93.048598, "activity_lines": [ 9.119467, 8.795309, 8.339705, 8.164615 ] }, { "date": "2024-01-05", "close": 8.911, "volume": 9210, "typical_volume": 11609.55, "trend": 8.038067, "fair_value": 7.141368, "relative_strength": 12.224201, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.73716, "energy": 82.924319, "activity_lines": [ 9.0864, 8.873091, 8.42231, 8.223675 ] }, { "date": "2024-01-12", "close": 9.038, "volume": 12822, "typical_volume": 11747.55, "trend": 8.075133, "fair_value": 7.161125, "relative_strength": 12.477969, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.425205, "energy": 64.519246, "activity_lines": [ 9.076267, 8.945218, 8.509152, 8.288187 ] }, { "date": "2024-01-19", "close": 8.978, "volume": 8616, "typical_volume": 11850.65, "trend": 8.120333, "fair_value": 7.179856, "relative_strength": 12.178396, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.632963, "energy": 58.854744, "activity_lines": [ 9.0332, 8.984655, 8.582452, 8.346437 ] }, { "date": "2024-01-26", "close": 9.26, "volume": 15209, "typical_volume": 12267.35, "trend": 8.166433, "fair_value": 7.201082, "relative_strength": 12.46051, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.243719, "energy": 58.661306, "activity_lines": [ 9.0962, 9.059073, 8.677405, 8.419963 ] }, { "date": "2024-02-02", "close": 9.459, "volume": 19430, "typical_volume": 13055.6, "trend": 8.221067, "fair_value": 7.223889, "relative_strength": 14.739115, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.096907, "energy": 66.317803, "activity_lines": [ 9.217067, 9.150509, 8.784495, 8.503355 ] }, { "date": "2024-02-09", "close": 9.606, "volume": 18924, "typical_volume": 13523.8, "trend": 8.269933, "fair_value": 7.24771, "relative_strength": 15.900606, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.213041, "energy": 74.095764, "activity_lines": [ 9.376, 9.248018, 8.89741, 8.592705 ] }, { "date": "2024-02-16", "close": 9.781, "volume": 22959, "typical_volume": 14528.7, "trend": 8.323867, "fair_value": 7.272792, "relative_strength": 16.104697, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.790845, "energy": 88.489099, "activity_lines": [ 9.546933, 9.359418, 9.016819, 8.690194 ] }, { "date": "2024-02-23", "close": 9.569, "volume": 5125, "typical_volume": 14644.2, "trend": 8.3667, "fair_value": 7.295304, "relative_strength": 11.120803, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.660517, "energy": 79.326744, "activity_lines": [ 9.597667, 9.415236, 9.10571, 8.770525 ] }, { "date": "2024-03-01", "close": 9.686, "volume": 5799, "typical_volume": 14808.6, "trend": 8.423, "fair_value": 7.318515, "relative_strength": 10.009951, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.469985, "energy": 70.858067, "activity_lines": [ 9.648, 9.484873, 9.196552, 8.855641 ] }, { "date": "2024-03-08", "close": 9.621, "volume": 9264, "typical_volume": 14876.25, "trend": 8.492733, "fair_value": 7.340654, "relative_strength": 8.3077, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.222021, "energy": 60.589446, "activity_lines": [ 9.648267, 9.532636, 9.272033, 8.932931 ] }, { "date": "2024-03-15", "close": 9.553, "volume": 2299, "typical_volume": 13003.85, "trend": 8.569133, "fair_value": 7.361724, "relative_strength": 6.521275, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.895147, "energy": 53.865249, "activity_lines": [ 9.615067, 9.562109, 9.330695, 9.001335 ] }, { "date": "2024-03-22", "close": 9.735, "volume": 21662, "typical_volume": 11601.95, "trend": 8.647167, "fair_value": 7.384113, "relative_strength": 6.6358, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.564222, "energy": 54.00317, "activity_lines": [ 9.646067, 9.613, 9.396105, 9.076553 ] }, { "date": "2024-03-29", "close": 9.797, "volume": 10423, "typical_volume": 11642.0, "trend": 8.7109, "fair_value": 7.406664, "relative_strength": 5.342131, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.632663, "energy": 52.928224, "activity_lines": [ 9.7008, 9.662491, 9.458395, 9.150735 ] }, { "date": "2024-04-05", "close": 9.56, "volume": 3657, "typical_volume": 11640.9, "trend": 8.7686, "fair_value": 7.426602, "relative_strength": 4.255829, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.210158, "energy": 46.097054, "activity_lines": [ 9.661333, 9.654, 9.489948, 9.205516 ] }, { "date": "2024-04-12", "close": 9.703, "volume": 2974, "typical_volume": 11675.5, "trend": 8.833967, "fair_value": 7.447486, "relative_strength": 6.830283, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.917556, "energy": 46.307831, "activity_lines": [ 9.677933, 9.666055, 9.528671, 9.2658 ] }, { "date": "2024-04-19", "close": 9.217, "volume": 4595, "typical_volume": 11665.9, "trend": 8.8922, "fair_value": 7.463573, "relative_strength": 2.234716, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.936486, "energy": 24.182453, "activity_lines": [ 9.527067, 9.585309, 9.514538, 9.290512 ] }, { "date": "2024-04-26", "close": 9.553, "volume": 4560, "typical_volume": 11806.85, "trend": 8.9569, "fair_value": 7.482396, "relative_strength": 3.049422, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.124941, "energy": 19.37158, "activity_lines": [ 9.5106, 9.572727, 9.529562, 9.333144 ] }, { "date": "2024-05-03", "close": 9.646, "volume": 2581, "typical_volume": 10062.1, "trend": 9.0238, "fair_value": 7.501714, "relative_strength": 4.494914, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.331683, "energy": 20.72757, "activity_lines": [ 9.537267, 9.5812, 9.550067, 9.377602 ] }, { "date": "2024-05-10", "close": 9.623, "volume": 3900, "typical_volume": 9766.05, "trend": 9.0859, "fair_value": 7.520487, "relative_strength": -0.334452, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.509259, "energy": 18.149085, "activity_lines": [ 9.566333, 9.584091, 9.566062, 9.41626 ] }, { "date": "2024-05-17", "close": 9.82, "volume": 16279, "typical_volume": 10014.4, "trend": 9.164933, "fair_value": 7.540658, "relative_strength": 1.739819, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.374596, "energy": 37.965953, "activity_lines": [ 9.656867, 9.623945, 9.598486, 9.463622 ] }, { "date": "2024-05-24", "close": 9.749, "volume": 7775, "typical_volume": 9942.65, "trend": 9.245567, "fair_value": 7.559861, "relative_strength": 0.826979, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.973042, "energy": 40.007785, "activity_lines": [ 9.715933, 9.647273, 9.621648, 9.501303 ] }, { "date": "2024-05-31", "close": 9.422, "volume": 6592, "typical_volume": 9631.15, "trend": 9.2983, "fair_value": 7.575914, "relative_strength": -1.655237, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.916342, "energy": 22.345179, "activity_lines": [ 9.630533, 9.607582, 9.609676, 9.512686 ] }, { "date": "2024-06-07", "close": 9.839, "volume": 7806, "typical_volume": 9590.65, "trend": 9.356867, "fair_value": 7.595256, "relative_strength": 2.173809, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.101378, "energy": 35.700135, "activity_lines": [ 9.692867, 9.6494, 9.63559, 9.54757 ] }, { "date": "2024-06-14", "close": 10.002, "volume": 9122, "typical_volume": 9286.3, "trend": 9.416733, "fair_value": 7.615653, "relative_strength": 6.788906, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.50809, "energy": 42.757508, "activity_lines": [ 9.796667, 9.720091, 9.672929, 9.589191 ] }, { "date": "2024-06-21", "close": 10.008, "volume": 2090, "typical_volume": 8419.3, "trend": 9.4729, "fair_value": 7.635756, "relative_strength": 5.631528, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.2751, "energy": 50.266303, "activity_lines": [ 9.8772, 9.783836, 9.707305, 9.627338 ] }, { "date": "2024-06-28", "close": 10.176, "volume": 1823, "typical_volume": 7564.25, "trend": 9.524767, "fair_value": 7.656925, "relative_strength": 6.704779, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.137099, "energy": 74.170953, "activity_lines": [ 10.0012, 9.872582, 9.755067, 9.672699 ] }, { "date": "2024-07-05", "close": 10.176, "volume": 0, "typical_volume": 6416.3, "trend": 9.569167, "fair_value": 7.677744, "relative_strength": 5.126873, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.778388, "energy": 78.147406, "activity_lines": [ 10.096733, 9.943891, 9.800114, 9.714714 ] }, { "date": "2024-07-12", "close": 10.176, "volume": 0, "typical_volume": 6160.05, "trend": 9.603067, "fair_value": 7.698221, "relative_strength": 3.455788, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.01662, "energy": 78.78804, "activity_lines": [ 10.142, 10.003873, 9.843281, 9.753865 ] }, { "date": "2024-07-19", "close": 10.176, "volume": 0, "typical_volume": 5870.1, "trend": 9.637833, "fair_value": 7.718366, "relative_strength": 6.520219, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.851746, "energy": 81.087556, "activity_lines": [ 10.1648, 10.054218, 9.883557, 9.790828 ] }, { "date": "2024-07-26", "close": 10.176, "volume": 0, "typical_volume": 5406.9, "trend": 9.6672, "fair_value": 7.738185, "relative_strength": 4.909544, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.26562, "energy": 81.095279, "activity_lines": [ 10.176, 10.094509, 9.9215, 9.825548 ] }, { "date": "2024-08-02", "close": 10.176, "volume": 0, "typical_volume": 5291.95, "trend": 9.709367, "fair_value": 7.757688, "relative_strength": 9.104005, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.136257, "energy": 74.44006, "activity_lines": [ 10.176, 10.128327, 9.9568, 9.858374 ] }, { "date": "2024-08-09", "close": 10.176, "volume": 0, "typical_volume": 4208.85, "trend": 9.7473, "fair_value": 7.776881, "relative_strength": 8.335349, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.609001, "energy": 72.620877, "activity_lines": [ 10.176, 10.154382, 9.989133, 9.88848 ] }, { "date": "2024-08-16", "close": 10.176, "volume": 0, "typical_volume": 3687.7, "trend": 9.787233, "fair_value": 7.795772, "relative_strength": 4.452605, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.278789, "energy": 71.42159, "activity_lines": [ 10.176, 10.166727, 10.019367, 9.916138 ] }, { "date": "2024-08-23", "close": 10.176, "volume": 0, "typical_volume": 3504.85, "trend": 9.817767, "fair_value": 7.814367, "relative_strength": 2.440007, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.834512, "energy": 69.336785, "activity_lines": [ 10.176, 10.172945, 10.047795, 9.941219 ] }, { "date": "2024-08-30", "close": 10.176, "volume": 0, "typical_volume": 3356.15, "trend": 9.841667, "fair_value": 7.832674, "relative_strength": 0.809373, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.143675, "energy": 75.273807, "activity_lines": [ 10.176, 10.176, 10.07329, 9.964331 ] }, { "date": "2024-09-06", "close": 10.176, "volume": 0, "typical_volume": 3126.4, "trend": 9.860667, "fair_value": 7.8507, "relative_strength": 3.922465, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.676378, "energy": 80.361231, "activity_lines": [ 10.176, 10.176, 10.096533, 9.985901 ] }, { "date": "2024-09-13", "close": 10.176, "volume": 0, "typical_volume": 2898.4, "trend": 9.873833, "fair_value": 7.86845, "relative_strength": 1.50512, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.747484, "energy": 82.936165, "activity_lines": [ 10.176, 10.176, 10.11521, 10.006245 ] }, { "date": "2024-09-20", "close": 10.176, "volume": 0, "typical_volume": 2769.35, "trend": 9.894067, "fair_value": 7.885932, "relative_strength": 1.163203, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.946806, "energy": 83.42058, "activity_lines": [ 10.176, 10.176, 10.130919, 10.02574 ] }, { "date": "2024-09-27", "close": 9.42, "volume": 3041, "typical_volume": 2726.4, "trend": 9.8852, "fair_value": 7.897466, "relative_strength": -9.941171, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -32.916323, "energy": 48.385404, "activity_lines": [ 9.924, 10.038545, 10.072105, 9.995155 ] }, { "date": "2024-10-04", "close": 9.36, "volume": 10478, "typical_volume": 2436.35, "trend": 9.8765, "fair_value": 7.908381, "relative_strength": -8.824774, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -57.665261, "energy": 64.737467, "activity_lines": [ 9.7024, 9.903927, 10.008543, 9.961271 ] }, { "date": "2024-10-11", "close": 9.669, "volume": 10032, "typical_volume": 2549.2, "trend": 9.880367, "fair_value": 7.921422, "relative_strength": -7.004652, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.099949, "energy": 54.439551, "activity_lines": [ 9.6382, 9.840327, 9.9766, 9.947884 ] }, { "date": "2024-10-18", "close": 9.98, "volume": 10521, "typical_volume": 2745.65, "trend": 9.888533, "fair_value": 7.936559, "relative_strength": -5.412697, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.660907, "energy": 46.787761, "activity_lines": [ 9.711467, 9.842491, 9.974657, 9.954312 ] }, { "date": "2024-10-25", "close": 10.096, "volume": 2229, "typical_volume": 2466.8, "trend": 9.8985, "fair_value": 7.952321, "relative_strength": -3.428601, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -2.306262, "energy": 22.150601, "activity_lines": [ 9.836467, 9.869309, 9.981105, 9.967697 ] }, { "date": "2024-11-01", "close": 9.897, "volume": 1807, "typical_volume": 2101.05, "trend": 9.909733, "fair_value": 7.966413, "relative_strength": -4.299021, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -4.631609, "energy": 10.095761, "activity_lines": [ 9.900467, 9.8614, 9.967376, 9.9676 ] }, { "date": "2024-11-08", "close": 11.062, "volume": 16939, "typical_volume": 2843.5, "trend": 9.955033, "fair_value": 7.988683, "relative_strength": 7.012921, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 84.093792, "energy": 56.807143, "activity_lines": [ 10.321, 10.070382, 10.0651, 10.04194 ] }, { "date": "2024-11-15", "close": 11.156, "volume": 45668, "typical_volume": 5035.75, "trend": 10.019667, "fair_value": 8.011307, "relative_strength": 7.697352, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 87.408076, "energy": 65.856803, "activity_lines": [ 10.6594, 10.280345, 10.166757, 10.119422 ] }, { "date": "2024-11-22", "close": 11.444, "volume": 13147, "typical_volume": 5693.1, "trend": 10.0827, "fair_value": 8.035652, "relative_strength": 9.553192, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 88.424928, "energy": 91.329731, "activity_lines": [ 10.994667, 10.524855, 10.291176, 10.211314 ] }, { "date": "2024-11-29", "close": 11.844, "volume": 1569, "typical_volume": 5771.55, "trend": 10.155967, "fair_value": 8.062472, "relative_strength": 11.318977, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.327239, "energy": 95.728091, "activity_lines": [ 11.365667, 10.819036, 10.447652, 10.324946 ] }, { "date": "2024-12-06", "close": 12.212, "volume": 4780, "typical_volume": 6010.55, "trend": 10.242267, "fair_value": 8.09149, "relative_strength": 10.229745, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.125668, "energy": 95.256696, "activity_lines": [ 11.7428, 11.1498, 10.631233, 10.457594 ] }, { "date": "2024-12-13", "close": 12.198, "volume": 2405, "typical_volume": 6130.8, "trend": 10.321533, "fair_value": 8.120007, "relative_strength": 9.79023, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.477739, "energy": 92.341096, "activity_lines": [ 11.960933, 11.427255, 10.803786, 10.58377 ] }, { "date": "2024-12-20", "close": 12.11, "volume": 5296, "typical_volume": 6395.6, "trend": 10.400233, "fair_value": 8.147524, "relative_strength": 11.609268, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.536116, "energy": 83.064451, "activity_lines": [ 12.074, 11.637109, 10.958329, 10.699155 ] }, { "date": "2024-12-27", "close": 12.234, "volume": 1447, "typical_volume": 6467.95, "trend": 10.493967, "fair_value": 8.175514, "relative_strength": 11.964171, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.182417, "energy": 74.744431, "activity_lines": [ 12.1648, 11.825127, 11.115471, 10.817462 ] }, { "date": "2025-01-03", "close": 12.434, "volume": 5202, "typical_volume": 6728.05, "trend": 10.580467, "fair_value": 8.204483, "relative_strength": 13.890754, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.889675, "energy": 68.899475, "activity_lines": [ 12.2696, 12.008527, 11.281862, 10.942626 ] }, { "date": "2025-01-10", "close": 12.03, "volume": 8638, "typical_volume": 7159.95, "trend": 10.648067, "fair_value": 8.230331, "relative_strength": 8.302213, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.615749, "energy": 60.694461, "activity_lines": [ 12.2004, 12.075964, 11.399024, 11.036144 ] }, { "date": "2025-01-17", "close": 12.498, "volume": 1564, "typical_volume": 7238.15, "trend": 10.731067, "fair_value": 8.258973, "relative_strength": 8.597714, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.85495, "energy": 60.878201, "activity_lines": [ 12.299333, 12.189709, 11.551929, 11.155495 ] }, { "date": "2025-01-24", "close": 12.782, "volume": 1437, "typical_volume": 7310.0, "trend": 10.817933, "fair_value": 8.289127, "relative_strength": 8.318972, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.163522, "energy": 61.609241, "activity_lines": [ 12.472933, 12.328982, 11.720824, 11.287813 ] }, { "date": "2025-01-31", "close": 12.752, "volume": 4072, "typical_volume": 7513.6, "trend": 10.9038, "fair_value": 8.318682, "relative_strength": 6.285791, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.193182, "energy": 58.202059, "activity_lines": [ 12.591733, 12.433236, 11.874452, 11.412591 ] }, { "date": "2025-02-07", "close": 12.418, "volume": 3548, "typical_volume": 7691.0, "trend": 10.978533, "fair_value": 8.345651, "relative_strength": 3.232066, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.207181, "energy": 56.39055, "activity_lines": [ 12.564667, 12.452982, 11.984005, 11.510282 ] }, { "date": "2025-02-14", "close": 12.8, "volume": 4879, "typical_volume": 7782.9, "trend": 11.066, "fair_value": 8.374765, "relative_strength": 2.984555, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.869157, "energy": 58.701613, "activity_lines": [ 12.666, 12.531745, 12.119262, 11.627796 ] }, { "date": "2025-02-21", "close": 12.484, "volume": 2939, "typical_volume": 7405.95, "trend": 11.142933, "fair_value": 8.401448, "relative_strength": 1.421833, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.639924, "energy": 49.416253, "activity_lines": [ 12.610667, 12.542364, 12.208329, 11.71928 ] }, { "date": "2025-02-28", "close": 11.42, "volume": 3436, "typical_volume": 7076.15, "trend": 11.1844, "fair_value": 8.420923, "relative_strength": -8.180735, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.123683, "energy": 19.911141, "activity_lines": [ 12.2016, 12.354327, 12.181186, 11.737155 ] }, { "date": "2025-03-07", "close": 10.292, "volume": 7750, "typical_volume": 6937.6, "trend": 11.188267, "fair_value": 8.432917, "relative_strength": -18.632316, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -17.608865, "energy": 25.548839, "activity_lines": [ 11.507333, 11.973745, 12.038276, 11.679581 ] }, { "date": "2025-03-14", "close": 9.865, "volume": 3317, "typical_volume": 6992.0, "trend": 11.1779, "fair_value": 8.440308, "relative_strength": -21.649586, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.650911, "energy": 49.79213, "activity_lines": [ 10.834733, 11.550836, 11.853214, 11.594209 ] }, { "date": "2025-03-21", "close": 9.987, "volume": 4993, "typical_volume": 7151.3, "trend": 11.1716, "fair_value": 8.45384, "relative_strength": -20.074726, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.12378, "energy": 68.626608, "activity_lines": [ 10.373, 11.196818, 11.680871, 11.517376 ] }, { "date": "2025-03-28", "close": 9.622, "volume": 2011, "typical_volume": 6404.9, "trend": 11.153133, "fair_value": 8.465244, "relative_strength": -21.23971, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.266758, "energy": 77.7606, "activity_lines": [ 9.977133, 10.813582, 11.473338, 11.417402 ] }, { "date": "2025-04-04", "close": 8.372, "volume": 10201, "typical_volume": 4631.55, "trend": 11.093, "fair_value": 8.469821, "relative_strength": -25.111126, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -65.514184, "energy": 87.06263, "activity_lines": [ 9.3554, 10.255364, 11.153614, 11.237974 ] }, { "date": "2025-04-11", "close": 8.583, "volume": 5471, "typical_volume": 4247.75, "trend": 11.0399, "fair_value": 8.476622, "relative_strength": -21.882688, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.145835, "energy": 82.539813, "activity_lines": [ 9.0072, 9.815691, 10.867243, 11.076039 ] }, { "date": "2025-04-18", "close": 8.494, "volume": 3105, "typical_volume": 4324.55, "trend": 10.983833, "fair_value": 8.485436, "relative_strength": -25.408176, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -76.713197, "energy": 89.422512, "activity_lines": [ 8.743267, 9.435636, 10.586019, 10.911787 ] }, { "date": "2025-04-25", "close": 9.231, "volume": 17180, "typical_volume": 4944.55, "trend": 10.977533, "fair_value": 8.497827, "relative_strength": -22.405521, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.530508, "energy": 77.152897, "activity_lines": [ 8.8164, 9.260927, 10.390938, 10.798701 ] }, { "date": "2025-05-02", "close": 9.78, "volume": 26747, "typical_volume": 6161.65, "trend": 10.991533, "fair_value": 8.516026, "relative_strength": -20.475952, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.93502, "energy": 58.47444, "activity_lines": [ 9.122933, 9.250927, 10.262338, 10.721441 ] }, { "date": "2025-05-09", "close": 9.821, "volume": 7116, "typical_volume": 6252.65, "trend": 10.9966, "fair_value": 8.536103, "relative_strength": -21.275873, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.251096, "energy": 42.903125, "activity_lines": [ 9.4326, 9.297545, 10.149157, 10.645923 ] }, { "date": "2025-05-16", "close": 10.844, "volume": 263, "typical_volume": 6193.45, "trend": 11.0254, "fair_value": 8.564045, "relative_strength": -13.841576, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.032234, "energy": 27.386908, "activity_lines": [ 9.986667, 9.559236, 10.144305, 10.636077 ] }, { "date": "2025-05-23", "close": 10.424, "volume": 683, "typical_volume": 5967.5, "trend": 11.036333, "fair_value": 8.58891, "relative_strength": -16.451547, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.388006, "energy": 30.992303, "activity_lines": [ 10.25, 9.734527, 10.106071, 10.597277 ] }, { "date": "2025-05-30", "close": 10.606, "volume": 1801, "typical_volume": 5625.65, "trend": 11.059967, "fair_value": 8.615385, "relative_strength": -16.090088, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.549876, "energy": 28.481155, "activity_lines": [ 10.445333, 9.932745, 10.094743, 10.569514 ] }, { "date": "2025-06-06", "close": 10.844, "volume": 820, "typical_volume": 5588.45, "trend": 11.0527, "fair_value": 8.645038, "relative_strength": -15.030087, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 2.955351, "energy": 24.436878, "activity_lines": [ 10.628333, 10.162982, 10.112862, 10.555581 ] }, { "date": "2025-06-13", "close": 10.676, "volume": 3581, "typical_volume": 5695.65, "trend": 11.0367, "fair_value": 8.676474, "relative_strength": -13.219564, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.001705, "energy": 21.410064, "activity_lines": [ 10.6844, 10.340455, 10.122857, 10.531277 ] }, { "date": "2025-06-20", "close": 10.824, "volume": 5613, "typical_volume": 5772.7, "trend": 11.016033, "fair_value": 8.705468, "relative_strength": -11.1065, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.060276, "energy": 20.561391, "activity_lines": [ 10.7328, 10.502945, 10.156976, 10.517555 ] }, { "date": "2025-06-27", "close": 11.166, "volume": 511, "typical_volume": 5620.85, "trend": 10.993433, "fair_value": 8.738538, "relative_strength": -10.594562, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 12.121405, "energy": 32.59037, "activity_lines": [ 10.896533, 10.686873, 10.232848, 10.52723 ] }, { "date": "2025-07-04", "close": 11.304, "volume": 3761, "typical_volume": 5564.95, "trend": 10.963167, "fair_value": 8.7685, "relative_strength": -8.297982, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.025351, "energy": 51.690773, "activity_lines": [ 11.0568, 10.847309, 10.327824, 10.547267 ] }, { "date": "2025-07-11", "close": 11.604, "volume": 3134, "typical_volume": 5574.7, "trend": 10.943367, "fair_value": 8.802891, "relative_strength": -7.459031, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.830552, "energy": 64.098175, "activity_lines": [ 11.270533, 11.0246, 10.458495, 10.588611 ] }, { "date": "2025-07-18", "close": 12.198, "volume": 8109, "typical_volume": 5808.35, "trend": 10.9463, "fair_value": 8.839282, "relative_strength": -2.649609, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.689033, "energy": 74.16751, "activity_lines": [ 11.6316, 11.276727, 10.649929, 10.669555 ] }, { "date": "2025-07-25", "close": 11.938, "volume": 2274, "typical_volume": 5534.55, "trend": 10.936433, "fair_value": 8.874, "relative_strength": -4.228662, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.542518, "energy": 77.011533, "activity_lines": [ 11.804533, 11.438364, 10.812895, 10.733535 ] }, { "date": "2025-08-01", "close": 11.564, "volume": 6935, "typical_volume": 5715.45, "trend": 10.907433, "fair_value": 8.902801, "relative_strength": -3.797777, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.271431, "energy": 69.636949, "activity_lines": [ 11.778533, 11.512109, 10.932405, 10.774024 ] }, { "date": "2025-08-08", "close": 11.82, "volume": 363, "typical_volume": 5483.95, "trend": 10.900433, "fair_value": 8.930859, "relative_strength": -4.362252, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.038365, "energy": 62.002653, "activity_lines": [ 11.811333, 11.611673, 11.068205, 10.832899 ] }, { "date": "2025-08-15", "close": 11.682, "volume": 4745, "typical_volume": 5620.65, "trend": 10.873233, "fair_value": 8.959115, "relative_strength": -5.973065, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 62.42666, "energy": 54.60777, "activity_lines": [ 11.763733, 11.664073, 11.182133, 10.883323 ] }, { "date": "2025-08-22", "close": 11.652, "volume": 2088, "typical_volume": 5215.0, "trend": 10.835567, "fair_value": 8.988173, "relative_strength": -5.988574, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.434016, "energy": 45.969861, "activity_lines": [ 11.700933, 11.695782, 11.283395, 10.933566 ] }, { "date": "2025-08-29", "close": 11.518, "volume": 485, "typical_volume": 4965.7, "trend": 10.794433, "fair_value": 9.017615, "relative_strength": -5.075706, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.646584, "energy": 39.473754, "activity_lines": [ 11.629867, 11.685382, 11.356276, 10.977594 ] }, { "date": "2025-09-05", "close": 11.458, "volume": 577, "typical_volume": 4839.3, "trend": 10.762433, "fair_value": 9.044987, "relative_strength": -4.092814, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.063241, "energy": 31.985852, "activity_lines": [ 11.5668, 11.651455, 11.409467, 11.020404 ] }, { "date": "2025-09-12", "close": 11.958, "volume": 8220, "typical_volume": 4391.3, "trend": 10.734367, "fair_value": 9.07866, "relative_strength": -0.184849, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.46884, "energy": 39.655022, "activity_lines": [ 11.677467, 11.703127, 11.496162, 11.097538 ] }, { "date": "2025-09-19", "close": 12.298, "volume": 1784, "typical_volume": 3143.15, "trend": 10.728167, "fair_value": 9.116295, "relative_strength": 2.999772, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.037171, "energy": 52.457392, "activity_lines": [ 11.892267, 11.804727, 11.602252, 11.198417 ] }, { "date": "2025-09-26", "close": 12.29, "volume": 4735, "typical_volume": 3024.1, "trend": 10.757167, "fair_value": 9.153859, "relative_strength": 2.366505, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.956168, "energy": 63.937384, "activity_lines": [ 12.063333, 11.892255, 11.69559, 11.299181 ] }, { "date": "2025-10-03", "close": 13.188, "volume": 2789, "typical_volume": 3150.4, "trend": 10.8537, "fair_value": 9.196904, "relative_strength": 6.756633, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.55191, "energy": 90.376666, "activity_lines": [ 12.4912, 12.141382, 11.862695, 11.456009 ] }, { "date": "2025-10-10", "close": 13.042, "volume": 3491, "typical_volume": 3290.8, "trend": 10.9596, "fair_value": 9.240045, "relative_strength": 6.016272, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.532726, "energy": 89.891551, "activity_lines": [ 12.759067, 12.341236, 12.004733, 11.597189 ] }, { "date": "2025-10-17", "close": 12.638, "volume": 5304, "typical_volume": 3465.95, "trend": 11.047967, "fair_value": 9.281231, "relative_strength": 4.412205, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.459566, "energy": 79.185112, "activity_lines": [ 12.786667, 12.440764, 12.095829, 11.705473 ] }, { "date": "2025-10-24", "close": 15.3225, "volume": 2518, "typical_volume": 3550.85, "trend": 11.237983, "fair_value": 9.338728, "relative_strength": 23.923352, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 96.156673, "energy": 95.321369, "activity_lines": [ 13.663767, 13.013509, 12.432914, 11.981249 ] }, { "date": "2025-10-31", "close": 13.234, "volume": 6746, "typical_volume": 3709.1, "trend": 11.40005, "fair_value": 9.38442, "relative_strength": 8.133773, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.789299, "energy": 60.976937, "activity_lines": [ 13.643067, 13.140336, 12.549769, 12.110025 ] }, { "date": "2025-11-07", "close": 11.928, "volume": 3281, "typical_volume": 3592.5, "trend": 11.51155, "fair_value": 9.420208, "relative_strength": -0.671321, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.198698, "energy": 43.03033, "activity_lines": [ 13.1241, 13.000945, 12.530062, 12.144086 ] }, { "date": "2025-11-14", "close": 11.538, "volume": 4881, "typical_volume": 3811.0, "trend": 11.613017, "fair_value": 9.453753, "relative_strength": -4.802462, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.572974, "energy": 21.152048, "activity_lines": [ 12.559133, 12.783191, 12.467955, 12.145792 ] }, { "date": "2025-11-21", "close": 11.0, "volume": 27650, "typical_volume": 5005.45, "trend": 11.671983, "fair_value": 9.484183, "relative_strength": -5.743455, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.911518, "energy": 21.161829, "activity_lines": [ 11.9151, 12.466164, 12.352838, 12.106243 ] }, { "date": "2025-11-28", "close": 11.754, "volume": 3236, "typical_volume": 5010.55, "trend": 11.737783, "fair_value": 9.517869, "relative_strength": -2.01861, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.633989, "energy": 29.605697, "activity_lines": [ 11.6316, 12.303645, 12.310979, 12.111534 ] }, { "date": "2025-12-05", "close": 11.648, "volume": 2353, "typical_volume": 4722.75, "trend": 11.798683, "fair_value": 9.55249, "relative_strength": -3.252867, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.822187, "energy": 29.262978, "activity_lines": [ 11.550667, 12.131745, 12.25831, 12.105742 ] }, { "date": "2025-12-12", "close": 11.28, "volume": 595, "typical_volume": 4638.8, "trend": 11.813217, "fair_value": 9.587119, "relative_strength": -6.451085, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.852217, "energy": 31.007576, "activity_lines": [ 11.4528, 11.904609, 12.173212, 12.072278 ] }, { "date": "2025-12-19", "close": 11.1, "volume": 8972, "typical_volume": 4740.65, "trend": 11.83575, "fair_value": 9.621792, "relative_strength": -7.789476, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.83806, "energy": 33.031804, "activity_lines": [ 11.338133, 11.679436, 12.074105, 12.026265 ] }, { "date": "2025-12-26", "close": 11.048, "volume": 772, "typical_volume": 4761.1, "trend": 11.850483, "fair_value": 9.65626, "relative_strength": -7.850311, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.611917, "energy": 32.485928, "activity_lines": [ 11.235333, 11.480118, 11.972255, 11.975442 ] }, { "date": "2026-01-02", "close": 11.022, "volume": 559, "typical_volume": 4551.8, "trend": 11.856417, "fair_value": 9.689099, "relative_strength": -8.184723, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.238642, "energy": 37.814736, "activity_lines": [ 11.120667, 11.304982, 11.871605, 11.921991 ] }, { "date": "2026-01-09", "close": 11.202, "volume": 4081, "typical_volume": 4651.45, "trend": 11.87395, "fair_value": 9.721285, "relative_strength": -8.809716, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.924993, "energy": 33.398581, "activity_lines": [ 11.1148, 11.240764, 11.79124, 11.879771 ] }, { "date": "2026-01-16", "close": 11.254, "volume": 7319, "typical_volume": 4993.15, "trend": 11.888283, "fair_value": 9.753228, "relative_strength": -7.957945, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -55.502075, "energy": 37.286035, "activity_lines": [ 11.156, 11.222945, 11.717971, 11.839774 ] }, { "date": "2026-01-23", "close": 10.82, "volume": 11748, "typical_volume": 5551.7, "trend": 11.87675, "fair_value": 9.779772, "relative_strength": -9.51215, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.660708, "energy": 50.828302, "activity_lines": [ 11.054267, 11.138473, 11.604626, 11.770853 ] }, { "date": "2026-01-30", "close": 10.402, "volume": 2953, "typical_volume": 5288.35, "trend": 11.846683, "fair_value": 9.800401, "relative_strength": -11.145325, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.51996, "energy": 68.54417, "activity_lines": [ 10.831867, 10.991055, 11.45451, 11.675708 ] }, { "date": "2026-02-06", "close": 9.78, "volume": 10866, "typical_volume": 5742.45, "trend": 11.785883, "fair_value": 9.819516, "relative_strength": -16.488756, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.371115, "energy": 86.919448, "activity_lines": [ 10.4452, 10.741418, 11.252564, 11.542373 ] }, { "date": "2026-02-13", "close": 9.56, "volume": 2152, "typical_volume": 5613.3, "trend": 11.69795, "fair_value": 9.836952, "relative_strength": -18.38867, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.95302, "energy": 93.458148, "activity_lines": [ 10.068, 10.487673, 11.041657, 11.398768 ] }, { "date": "2026-02-20", "close": 9.643, "volume": 1772, "typical_volume": 5562.45, "trend": 11.62145, "fair_value": 9.856407, "relative_strength": -18.210249, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.057299, "energy": 91.178601, "activity_lines": [ 9.827933, 10.286982, 10.851655, 11.26619 ] }, { "date": "2026-02-27", "close": 9.531, "volume": 3489, "typical_volume": 5562.35, "trend": 11.553683, "fair_value": 9.873862, "relative_strength": -18.802502, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.05816, "energy": 90.988481, "activity_lines": [ 9.657933, 10.095691, 10.667867, 11.131323 ] }, { "date": "2026-03-06", "close": 10.026, "volume": 2746, "typical_volume": 5434.45, "trend": 11.493883, "fair_value": 9.895958, "relative_strength": -8.370183, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.411089, "energy": 83.894583, "activity_lines": [ 9.738867, 10.022927, 10.54794, 11.032762 ] }, { "date": "2026-03-13", "close": 9.564, "volume": 16, "typical_volume": 5309.35, "trend": 11.423283, "fair_value": 9.913497, "relative_strength": -11.979055, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.669586, "energy": 66.837742, "activity_lines": [ 9.690867, 9.884745, 10.396452, 10.908254 ] }, { "date": "2026-03-20", "close": 9.152, "volume": 944, "typical_volume": 5019.25, "trend": 11.33995, "fair_value": 9.928125, "relative_strength": -11.654516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.815343, "energy": 69.330687, "activity_lines": [ 9.519933, 9.698164, 10.233148, 10.761719 ] }, { "date": "2026-03-27", "close": 8.281, "volume": 2187, "typical_volume": 4964.55, "trend": 11.23205, "fair_value": 9.935817, "relative_strength": -19.587068, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.612625, "energy": 73.958474, "activity_lines": [ 9.085867, 9.390491, 10.006329, 10.564368 ] }, { "date": "2026-04-03", "close": 8.683, "volume": 1563, "typical_volume": 4798.65, "trend": 11.13955, "fair_value": 9.947247, "relative_strength": -18.735698, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.354939, "energy": 72.630864, "activity_lines": [ 8.8766, 9.209964, 9.835162, 10.399913 ] }, { "date": "2026-04-10", "close": 8.777, "volume": 3159, "typical_volume": 3574.1, "trend": 11.033517, "fair_value": 9.959356, "relative_strength": -19.874672, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.173899, "energy": 72.374465, "activity_lines": [ 8.7552, 9.085382, 9.686543, 10.24749 ] }, { "date": "2026-04-17", "close": 9.822, "volume": 3917, "typical_volume": 3608.15, "trend": 10.950983, "fair_value": 9.978561, "relative_strength": -13.584912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.50884, "energy": 56.875307, "activity_lines": [ 9.0654, 9.180345, 9.648033, 10.169328 ] }, { "date": "2026-04-24", "close": 9.632, "volume": 11682, "typical_volume": 4074.6, "trend": 10.862383, "fair_value": 9.998144, "relative_strength": -13.185773, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.345361, "energy": 38.33405, "activity_lines": [ 9.295067, 9.24, 9.600629, 10.084232 ] }, { "date": "2026-05-01", "close": 9.637, "volume": 601, "typical_volume": 4074.9, "trend": 10.744017, "fair_value": 10.017548, "relative_strength": -13.627741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.993604, "energy": 24.547877, "activity_lines": [ 9.4944, 9.299255, 9.5633, 10.005175 ] }, { "date": "2026-05-08", "close": 9.84, "volume": 1706, "typical_volume": 3711.6, "trend": 10.637283, "fair_value": 10.036452, "relative_strength": -11.92566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.949971, "energy": 29.143026, "activity_lines": [ 9.671, 9.395527, 9.553129, 9.946852 ] }, { "date": "2026-05-15", "close": 9.877, "volume": 21427, "typical_volume": 4744.35, "trend": 10.54525, "fair_value": 10.054266, "relative_strength": -9.996701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.654575, "energy": 23.959392, "activity_lines": [ 9.7828, 9.492909, 9.552481, 9.897801 ] }, { "date": "2026-05-22", "close": 10.472, "volume": 24547, "typical_volume": 5943.75, "trend": 10.383567, "fair_value": 10.07442, "relative_strength": -8.092523, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.756575, "energy": 20.997421, "activity_lines": [ 10.0196, 9.701182, 9.614076, 9.893075 ] }, { "date": "2026-05-29", "close": 10.656, "volume": 4740, "typical_volume": 5976.7, "trend": 10.297633, "fair_value": 10.093971, "relative_strength": -7.214616, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 14.35507, "energy": 29.192285, "activity_lines": [ 10.2744, 9.9264, 9.695814, 9.910652 ] }, { "date": "2026-06-05", "close": 9.639, "volume": 161, "typical_volume": 5618.8, "trend": 10.221333, "fair_value": 10.106811, "relative_strength": -14.694368, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.671798, "energy": 20.481968, "activity_lines": [ 10.121933, 9.939364, 9.683295, 9.868159 ] }, { "date": "2026-06-12", "close": 9.276, "volume": 5967, "typical_volume": 5329.75, "trend": 10.145933, "fair_value": 10.115465, "relative_strength": -17.224408, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.334218, "energy": 20.591802, "activity_lines": [ 9.848333, 9.861636, 9.643895, 9.80717 ] }, { "date": "2026-06-19", "close": 9.413, "volume": 4012, "typical_volume": 5382.7, "trend": 10.093033, "fair_value": 10.126946, "relative_strength": -16.87519, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.170781, "energy": 20.935513, "activity_lines": [ 9.658, 9.798036, 9.624895, 9.759884 ] }, { "date": "2026-06-26", "close": 8.644, "volume": 2679, "typical_volume": 4973.35, "trend": 9.989367, "fair_value": 10.131862, "relative_strength": -22.316166, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.92621, "energy": 46.669725, "activity_lines": [ 9.242267, 9.583055, 9.537367, 9.666398 ] }, { "date": "2026-07-03", "close": 9.221, "volume": 5826, "typical_volume": 5157.05, "trend": 9.908467, "fair_value": 10.140843, "relative_strength": -20.293287, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.263603, "energy": 45.900881, "activity_lines": [ 9.140733, 9.4944, 9.5102, 9.616826 ] }, { "date": "2026-07-10", "close": 9.285, "volume": 15684, "typical_volume": 5852.65, "trend": 9.841967, "fair_value": 10.148183, "relative_strength": -17.075873, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.522619, "energy": 53.306782, "activity_lines": [ 9.1562, 9.424855, 9.490743, 9.576602 ] }, { "date": "2026-07-17", "close": 9.207, "volume": 0, "typical_volume": 5678.2, "trend": 9.778867, "fair_value": 10.154875, "relative_strength": -16.518331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.961699, "energy": 54.740667, "activity_lines": [ 9.169267, 9.347527, 9.465562, 9.535637 ] }, { "date": "2026-07-24", "close": 9.207, "volume": 0, "typical_volume": 5540.9, "trend": 9.7175, "fair_value": 10.160792, "relative_strength": -16.956307, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.438972, "energy": 31.910638, "activity_lines": [ 9.186933, 9.281709, 9.441924, 9.498742 ] }, { "date": "2026-07-31", "close": 9.207, "volume": 0, "typical_volume": 5540.1, "trend": 9.657, "fair_value": 10.168548, "relative_strength": -18.195732, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.718183, "energy": 28.367456, "activity_lines": [ 9.218333, 9.228073, 9.422186, 9.465806 ] }, { "date": "2026-08-07", "close": 9.207, "volume": 0, "typical_volume": 5492.9, "trend": 9.5905, "fair_value": 10.179304, "relative_strength": -19.851853, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.913982, "energy": 24.524543, "activity_lines": [ 9.2122, 9.197436, 9.404148, 9.436774 ] }, { "date": "2026-08-14", "close": 9.207, "volume": 0, "typical_volume": 5383.55, "trend": 9.522267, "fair_value": 10.191779, "relative_strength": -19.753799, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.515849, "energy": 23.538369, "activity_lines": [ 9.207, 9.193145, 9.385848, 9.412032 ] }, { "date": "2026-08-21", "close": 9.207, "volume": 0, "typical_volume": 5305.4, "trend": 9.4685, "fair_value": 10.203401, "relative_strength": -18.365366, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.445168, "energy": 23.198391, "activity_lines": [ 9.207, 9.196709, 9.363138, 9.391692 ] }, { "date": "2026-08-28", "close": 9.207, "volume": 0, "typical_volume": 5147.45, "trend": 9.428667, "fair_value": 10.211875, "relative_strength": -19.209685, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.329588, "energy": 24.413607, "activity_lines": [ 9.207, 9.201527, 9.337933, 9.374822 ] }, { "date": "2026-09-04", "close": 9.207, "volume": 0, "typical_volume": 4951.6, "trend": 9.409567, "fair_value": 10.220708, "relative_strength": -17.094637, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.859305, "energy": 31.713857, "activity_lines": [ 9.207, 9.210091, 9.310681, 9.36052 ] }, { "date": "2026-09-11", "close": 9.207, "volume": 0, "typical_volume": 4367.5, "trend": 9.3978, "fair_value": 10.230099, "relative_strength": -14.991193, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.685402, "energy": 33.827011, "activity_lines": [ 9.207, 9.208418, 9.286357, 9.347452 ] } ], "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." } } }