{ "ticker": { "uuid": "8880281d-2f74-47df-89c6-d848ae16c55d", "symbol": "HYI", "name": "Western Asset High Yield Defined Opportunity Fund Inc", "exchange": "NYSE", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 52.797, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -47.08, "architecture_energy": 29.376, "architecture_maturity": 12.467, "architecture_confidence": 91.061, "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": 39.13, "rotation_up": 21.49, "upward_expansion": 5.69, "deceleration": 44.56, "rotation_down": 46.05, "downward_expansion": 74.35 }, "activity_lines": [ 10.456864, 10.465805, 10.486146, 10.515791 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Stable", "price_acceptance": -0.333333 }, "latest_close": 10.51, "trend_reference": 10.571687, "distance_from_trend": -0.005835, "trend_direction": "Weakening", "fair_value": 10.167633, "distance_from_fair_value": 0.033672, "fair_value_direction": "Weakening", "relative_strength": -12.258934, "relative_strength_direction": "Improving", "price_momentum": -0.023285, "excess_performance": -0.14891, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.005835, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.003037, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.033672, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.020124, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.122589, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.004926, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.023285, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.182066, "read": "Demand-led" } ], "volume": { "latest": 209961, "relative_activity": 0.634795, "balance": 1.182066, "dry_up": 0.866647, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.013252, "annualized_volatility": 0.081192, "from_high_reference": -0.064098, "from_low_reference": 0.024748 }, "levels": { "trend_reference": 10.571687, "fair_value_reference": 10.167633, "structural_low": 10.256178, "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": 16, "median_return": 0.012208, "positive_rate": 0.625, "directional_follow_through": 0.375, "median_excess_return": -0.014956, "regime_survival": 0.625, "best_return": 0.081967, "worst_return": -0.071671, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.006379, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.016278, "regime_survival": 0.5, "best_return": 0.069158, "worst_return": -0.103296, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.040355, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.031771, "regime_survival": 0.2, "best_return": 0.067527, "worst_return": -0.103472, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.022409, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.156947, "regime_survival": 0.0, "best_return": 0.121926, "worst_return": -0.064555, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-03-28", "tenure": "Developing", "return": -0.00997, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-18", "tenure": "New", "return": 0.018502, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-02", "tenure": "New", "return": 0.017301, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-05-30", "tenure": "New", "return": 0.01587, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-06", "end": "2025-10-03", "tenure": "Established", "return": 0.004555, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-10", "end": "2025-10-17", "tenure": "New", "return": -0.004367, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-24", "end": "2025-11-28", "tenure": "Developing", "return": -0.016818, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-05", "end": "2026-01-30", "tenure": "Developing", "return": 0.021816, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-06", "end": "2026-02-13", "tenure": "New", "return": 0.006729, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-20", "end": "2026-03-20", "tenure": "Developing", "return": -0.0386, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-03", "tenure": "New", "return": 0.014313, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-10", "end": "2026-04-17", "tenure": "New", "return": 0.023655, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-06-26", "tenure": "Developing", "return": -0.014399, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": -0.000394, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 8.8192, "volume": 571283, "typical_volume": 249623.4, "trend": 8.767948, "fair_value": 9.136888, "relative_strength": -6.345711, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 50.868813, "energy": 31.481002, "activity_lines": [ 8.910119, 8.903671, 8.807091, 8.768615 ] }, { "date": "2023-08-25", "close": 8.814601, "volume": 361294, "typical_volume": 256241.6, "trend": 8.760187, "fair_value": 9.137434, "relative_strength": -6.990326, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 36.967048, "energy": 19.177247, "activity_lines": [ 8.872219, 8.890601, 8.815704, 8.771625 ] }, { "date": "2023-09-01", "close": 8.845154, "volume": 681107, "typical_volume": 270281.4, "trend": 8.752001, "fair_value": 9.139241, "relative_strength": -8.769468, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.342491, "energy": 17.714683, "activity_lines": [ 8.850365, 8.882656, 8.82629, 8.777106 ] }, { "date": "2023-09-08", "close": 8.90626, "volume": 426153, "typical_volume": 278457.35, "trend": 8.750424, "fair_value": 9.141401, "relative_strength": -6.80428, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.80861, "energy": 19.284651, "activity_lines": [ 8.862303, 8.885709, 8.841228, 8.787058 ] }, { "date": "2023-09-15", "close": 8.898622, "volume": 270898, "typical_volume": 284464.55, "trend": 8.750892, "fair_value": 9.142333, "relative_strength": -6.58518, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.293072, "energy": 18.524063, "activity_lines": [ 8.873468, 8.886015, 8.853876, 8.79662 ] }, { "date": "2023-09-22", "close": 8.810909, "volume": 252932, "typical_volume": 287240.0, "trend": 8.746737, "fair_value": 9.145285, "relative_strength": -4.47424, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.984855, "energy": 16.918837, "activity_lines": [ 8.858181, 8.87095, 8.856607, 8.800492 ] }, { "date": "2023-09-29", "close": 8.849418, "volume": 199813, "typical_volume": 281503.25, "trend": 8.744595, "fair_value": 9.147411, "relative_strength": -3.256834, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.451417, "energy": 16.957447, "activity_lines": [ 8.856284, 8.863261, 8.861896, 8.807116 ] }, { "date": "2023-10-06", "close": 8.787803, "volume": 200236, "typical_volume": 280216.05, "trend": 8.744764, "fair_value": 9.148337, "relative_strength": -4.213858, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.913548, "energy": 9.521461, "activity_lines": [ 8.831528, 8.845336, 8.859425, 8.809904 ] }, { "date": "2023-10-13", "close": 8.656872, "volume": 139271, "typical_volume": 276402.95, "trend": 8.75027, "fair_value": 9.149458, "relative_strength": -5.85917, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -4.88032, "energy": 14.228277, "activity_lines": [ 8.766951, 8.808308, 8.842886, 8.804233 ] }, { "date": "2023-10-20", "close": 8.602959, "volume": 182631, "typical_volume": 276176.9, "trend": 8.748086, "fair_value": 9.148684, "relative_strength": -4.016869, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.84239, "energy": 40.266075, "activity_lines": [ 8.701029, 8.766496, 8.820062, 8.794729 ] }, { "date": "2023-10-27", "close": 8.591307, "volume": 215392, "typical_volume": 270201.4, "trend": 8.741577, "fair_value": 9.149455, "relative_strength": -1.582849, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.131358, "energy": 50.087129, "activity_lines": [ 8.650934, 8.728701, 8.797236, 8.784615 ] }, { "date": "2023-11-03", "close": 8.886488, "volume": 338247, "typical_volume": 277951.2, "trend": 8.75053, "fair_value": 9.150267, "relative_strength": -3.605471, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -4.825474, "energy": 23.626718, "activity_lines": [ 8.713873, 8.748718, 8.802478, 8.793964 ] }, { "date": "2023-11-10", "close": 8.754433, "volume": 121414, "typical_volume": 277895.55, "trend": 8.75777, "fair_value": 9.149943, "relative_strength": -6.13708, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -12.102181, "energy": 13.325162, "activity_lines": [ 8.730322, 8.743419, 8.79469, 8.794216 ] }, { "date": "2023-11-17", "close": 9.02631, "volume": 99268, "typical_volume": 272506.7, "trend": 8.772719, "fair_value": 9.149624, "relative_strength": -5.197459, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.828225, "energy": 24.369692, "activity_lines": [ 8.839621, 8.789201, 8.813197, 8.811541 ] }, { "date": "2023-11-24", "close": 8.983394, "volume": 110804, "typical_volume": 270821.95, "trend": 8.786484, "fair_value": 9.148022, "relative_strength": -6.405183, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.327075, "energy": 33.160581, "activity_lines": [ 8.909986, 8.824998, 8.826689, 8.825133 ] }, { "date": "2023-12-01", "close": 9.234021, "volume": 346712, "typical_volume": 267040.2, "trend": 8.808356, "fair_value": 9.148647, "relative_strength": -4.443235, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 73.189555, "energy": 60.824395, "activity_lines": [ 9.038531, 8.904822, 8.863798, 8.854006 ] }, { "date": "2023-12-08", "close": 9.171364, "volume": 288859, "typical_volume": 269579.45, "trend": 8.83233, "fair_value": 9.148598, "relative_strength": -5.124228, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.547955, "energy": 67.6618, "activity_lines": [ 9.103343, 8.965561, 8.893022, 8.877426 ] }, { "date": "2023-12-15", "close": 9.265349, "volume": 659476, "typical_volume": 292610.3, "trend": 8.859437, "fair_value": 9.148881, "relative_strength": -6.11132, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.915202, "energy": 71.466666, "activity_lines": [ 9.180491, 9.037534, 8.929918, 8.905363 ] }, { "date": "2023-12-22", "close": 9.442708, "volume": 570093, "typical_volume": 309579.05, "trend": 8.893689, "fair_value": 9.150165, "relative_strength": -4.929168, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.019627, "energy": 78.29636, "activity_lines": [ 9.282698, 9.133072, 8.982663, 8.942993 ] }, { "date": "2023-12-29", "close": 9.545346, "volume": 242564, "typical_volume": 313922.35, "trend": 8.917345, "fair_value": 9.151131, "relative_strength": -3.908582, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.999505, "energy": 79.197139, "activity_lines": [ 9.391357, 9.232983, 9.042755, 8.985035 ] }, { "date": "2024-01-05", "close": 9.576927, "volume": 196757, "typical_volume": 295196.05, "trend": 8.950504, "fair_value": 9.152624, "relative_strength": -1.81489, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.806594, "energy": 82.415985, "activity_lines": [ 9.47308, 9.321503, 9.102974, 9.027589 ] }, { "date": "2024-01-12", "close": 9.490079, "volume": 276269, "typical_volume": 290944.8, "trend": 8.973808, "fair_value": 9.153509, "relative_strength": -4.211366, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.085147, "energy": 78.340987, "activity_lines": [ 9.502994, 9.376311, 9.151314, 9.0624 ] }, { "date": "2024-01-19", "close": 9.466393, "volume": 419671, "typical_volume": 277873.0, "trend": 8.994721, "fair_value": 9.153638, "relative_strength": -5.272785, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.891272, "energy": 70.609583, "activity_lines": [ 9.503764, 9.415838, 9.194181, 9.09418 ] }, { "date": "2024-01-26", "close": 9.541211, "volume": 371585, "typical_volume": 275144.6, "trend": 9.018377, "fair_value": 9.155819, "relative_strength": -5.229682, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.194506, "energy": 58.886089, "activity_lines": [ 9.516071, 9.456024, 9.241216, 9.129437 ] }, { "date": "2024-02-02", "close": 9.549168, "volume": 269322, "typical_volume": 275065.8, "trend": 9.039004, "fair_value": 9.157029, "relative_strength": -6.214395, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.803948, "energy": 53.311389, "activity_lines": [ 9.524463, 9.488294, 9.285984, 9.163682 ] }, { "date": "2024-02-09", "close": 9.636703, "volume": 229424, "typical_volume": 273890.4, "trend": 9.065844, "fair_value": 9.158133, "relative_strength": -6.381486, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.363607, "energy": 53.601056, "activity_lines": [ 9.561779, 9.526194, 9.335992, 9.202243 ] }, { "date": "2024-02-16", "close": 9.573041, "volume": 206825, "typical_volume": 274241.0, "trend": 9.088194, "fair_value": 9.159164, "relative_strength": -6.423782, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.847739, "energy": 52.733562, "activity_lines": [ 9.573889, 9.545197, 9.376004, 9.234966 ] }, { "date": "2024-02-23", "close": 9.568684, "volume": 201061, "typical_volume": 274282.25, "trend": 9.1056, "fair_value": 9.159614, "relative_strength": -7.651519, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.015816, "energy": 50.259373, "activity_lines": [ 9.579016, 9.556104, 9.412156, 9.265965 ] }, { "date": "2024-03-01", "close": 9.705036, "volume": 150491, "typical_volume": 274843.25, "trend": 9.13134, "fair_value": 9.16169, "relative_strength": -6.944641, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.646347, "energy": 59.665624, "activity_lines": [ 9.622774, 9.586288, 9.457575, 9.304638 ] }, { "date": "2024-03-08", "close": 9.705036, "volume": 147720, "typical_volume": 273097.7, "trend": 9.156827, "fair_value": 9.163488, "relative_strength": -6.372478, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.156687, "energy": 65.70638, "activity_lines": [ 9.655611, 9.611702, 9.498002, 9.341651 ] }, { "date": "2024-03-15", "close": 9.721077, "volume": 172691, "typical_volume": 270962.65, "trend": 9.186889, "fair_value": 9.16535, "relative_strength": -5.894296, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.816175, "energy": 68.047535, "activity_lines": [ 9.683403, 9.637129, 9.53471, 9.378054 ] }, { "date": "2024-03-22", "close": 9.587847, "volume": 202913, "typical_volume": 264195.95, "trend": 9.212664, "fair_value": 9.166102, "relative_strength": -8.879529, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.346936, "energy": 52.279597, "activity_lines": [ 9.66116, 9.635712, 9.553349, 9.403923 ] }, { "date": "2024-03-29", "close": 9.668689, "volume": 170053, "typical_volume": 266627.9, "trend": 9.240115, "fair_value": 9.166934, "relative_strength": -8.150051, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.393253, "energy": 50.458795, "activity_lines": [ 9.664878, 9.647215, 9.576347, 9.433343 ] }, { "date": "2024-04-05", "close": 9.595931, "volume": 267890, "typical_volume": 275059.0, "trend": 9.263104, "fair_value": 9.166822, "relative_strength": -7.773472, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.499112, "energy": 36.83379, "activity_lines": [ 9.637676, 9.641812, 9.588062, 9.456299 ] }, { "date": "2024-04-12", "close": 9.498921, "volume": 231830, "typical_volume": 281110.3, "trend": 9.283114, "fair_value": 9.166407, "relative_strength": -7.137172, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.996963, "energy": 23.095503, "activity_lines": [ 9.585411, 9.617776, 9.587826, 9.471513 ] }, { "date": "2024-04-19", "close": 9.442332, "volume": 205526, "typical_volume": 274051.0, "trend": 9.304162, "fair_value": 9.16501, "relative_strength": -4.578101, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.571922, "energy": 17.453699, "activity_lines": [ 9.528024, 9.584364, 9.579746, 9.481785 ] }, { "date": "2024-04-26", "close": 9.413312, "volume": 261763, "typical_volume": 272696.2, "trend": 9.322958, "fair_value": 9.163466, "relative_strength": -7.110042, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.90507, "energy": 15.183286, "activity_lines": [ 9.479547, 9.54921, 9.56791, 9.488827 ] }, { "date": "2024-05-03", "close": 9.429613, "volume": 551140, "typical_volume": 267279.4, "trend": 9.344352, "fair_value": 9.161908, "relative_strength": -7.263745, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.416677, "energy": 18.842711, "activity_lines": [ 9.448139, 9.519924, 9.556474, 9.495708 ] }, { "date": "2024-05-10", "close": 9.454063, "volume": 351205, "typical_volume": 256335.0, "trend": 9.370925, "fair_value": 9.161066, "relative_strength": -8.490683, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.175505, "energy": 18.859963, "activity_lines": [ 9.440819, 9.497612, 9.546584, 9.502787 ] }, { "date": "2024-05-17", "close": 9.470363, "volume": 294479, "typical_volume": 258930.75, "trend": 9.399838, "fair_value": 9.160033, "relative_strength": -9.595958, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.270758, "energy": 15.444338, "activity_lines": [ 9.448391, 9.482826, 9.538193, 9.509202 ] }, { "date": "2024-05-24", "close": 9.44117, "volume": 318700, "typical_volume": 265027.9, "trend": 9.428167, "fair_value": 9.158208, "relative_strength": -9.653878, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.842477, "energy": 11.492086, "activity_lines": [ 9.448135, 9.467, 9.527379, 9.511868 ] }, { "date": "2024-05-31", "close": 9.408302, "volume": 191388, "typical_volume": 260783.85, "trend": 9.445561, "fair_value": 9.155891, "relative_strength": -9.340424, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.92252, "energy": 16.85936, "activity_lines": [ 9.437001, 9.450287, 9.51408, 9.510587 ] }, { "date": "2024-06-07", "close": 9.408302, "volume": 411702, "typical_volume": 260385.4, "trend": 9.467356, "fair_value": 9.153775, "relative_strength": -10.236489, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.739806, "energy": 20.213141, "activity_lines": [ 9.426201, 9.436838, 9.501172, 9.508183 ] }, { "date": "2024-06-14", "close": 9.515121, "volume": 433454, "typical_volume": 263478.85, "trend": 9.48365, "fair_value": 9.152988, "relative_strength": -10.448173, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -9.724116, "energy": 10.421024, "activity_lines": [ 9.452428, 9.447545, 9.498713, 9.511265 ] }, { "date": "2024-06-21", "close": 9.626049, "volume": 309321, "typical_volume": 265478.8, "trend": 9.505072, "fair_value": 9.152291, "relative_strength": -9.716511, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.263146, "energy": 10.973955, "activity_lines": [ 9.511561, 9.479891, 9.506942, 9.520452 ] }, { "date": "2024-06-28", "close": 9.609481, "volume": 249445, "typical_volume": 266479.85, "trend": 9.517587, "fair_value": 9.150677, "relative_strength": -9.597832, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.93127, "energy": 17.749069, "activity_lines": [ 9.554791, 9.506912, 9.513228, 9.527188 ] }, { "date": "2024-07-05", "close": 9.609481, "volume": 272584, "typical_volume": 269767.8, "trend": 9.532191, "fair_value": 9.14955, "relative_strength": -11.004944, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 27.230929, "energy": 28.856867, "activity_lines": [ 9.586801, 9.530895, 9.519644, 9.533116 ] }, { "date": "2024-07-12", "close": 9.675753, "volume": 551642, "typical_volume": 287296.85, "trend": 9.545871, "fair_value": 9.148402, "relative_strength": -11.013904, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 29.904399, "energy": 46.561312, "activity_lines": [ 9.62749, 9.56336, 9.532197, 9.542378 ] }, { "date": "2024-07-19", "close": 9.783446, "volume": 257185, "typical_volume": 292631.55, "trend": 9.557229, "fair_value": 9.147235, "relative_strength": -8.025315, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.975989, "energy": 66.306257, "activity_lines": [ 9.686246, 9.61093, 9.554498, 9.557706 ] }, { "date": "2024-07-26", "close": 9.804764, "volume": 243094, "typical_volume": 297400.25, "trend": 9.565876, "fair_value": 9.146042, "relative_strength": -6.863372, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 80.287558, "energy": 81.0719, "activity_lines": [ 9.73422, 9.656388, 9.578455, 9.573676 ] }, { "date": "2024-08-02", "close": 9.913334, "volume": 425846, "typical_volume": 310058.0, "trend": 9.57709, "fair_value": 9.1453, "relative_strength": -3.632678, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.540528, "energy": 88.135789, "activity_lines": [ 9.80647, 9.715506, 9.612277, 9.596092 ] }, { "date": "2024-08-09", "close": 9.955092, "volume": 476176, "typical_volume": 323721.15, "trend": 9.592591, "fair_value": 9.144418, "relative_strength": -3.082249, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.846855, "energy": 87.318187, "activity_lines": [ 9.872382, 9.773631, 9.64916, 9.62048 ] }, { "date": "2024-08-16", "close": 10.130476, "volume": 205977, "typical_volume": 325517.35, "trend": 9.614727, "fair_value": 9.145475, "relative_strength": -4.958296, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.39692, "energy": 94.699644, "activity_lines": [ 9.973715, 9.853702, 9.700999, 9.655182 ] }, { "date": "2024-08-23", "close": 10.159706, "volume": 244627, "typical_volume": 324354.2, "trend": 9.635343, "fair_value": 9.146701, "relative_strength": -5.798758, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.574539, "energy": 93.628946, "activity_lines": [ 10.054476, 9.925958, 9.753422, 9.690342 ] }, { "date": "2024-08-30", "close": 10.193375, "volume": 305734, "typical_volume": 328049.4, "trend": 9.656817, "fair_value": 9.147692, "relative_strength": -5.576476, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.533679, "energy": 91.229655, "activity_lines": [ 10.121376, 9.992616, 9.806366, 9.726344 ] }, { "date": "2024-09-06", "close": 10.109202, "volume": 189071, "typical_volume": 327226.65, "trend": 9.672567, "fair_value": 9.147158, "relative_strength": -2.161246, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.629602, "energy": 84.091928, "activity_lines": [ 10.134311, 10.033654, 9.847988, 9.75553 ] }, { "date": "2024-09-13", "close": 10.218627, "volume": 218922, "typical_volume": 325084.6, "trend": 9.694086, "fair_value": 9.147285, "relative_strength": -4.710938, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.595107, "energy": 75.789111, "activity_lines": [ 10.170664, 10.085502, 9.896855, 9.79076 ] }, { "date": "2024-09-20", "close": 10.403808, "volume": 361197, "typical_volume": 315587.45, "trend": 9.721924, "fair_value": 9.149283, "relative_strength": -4.108246, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.162753, "energy": 72.485595, "activity_lines": [ 10.251174, 10.159944, 9.959524, 9.836548 ] }, { "date": "2024-09-27", "close": 10.424722, "volume": 322779, "typical_volume": 314166.15, "trend": 9.745913, "fair_value": 9.150837, "relative_strength": -4.192459, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.122254, "energy": 70.759075, "activity_lines": [ 10.320433, 10.224951, 10.019545, 9.88189 ] }, { "date": "2024-10-04", "close": 10.450169, "volume": 243583, "typical_volume": 311621.35, "trend": 9.770751, "fair_value": 9.152513, "relative_strength": -3.969428, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.71657, "energy": 74.709522, "activity_lines": [ 10.380508, 10.282925, 10.077368, 9.927326 ] }, { "date": "2024-10-11", "close": 10.450169, "volume": 209008, "typical_volume": 306136.75, "trend": 9.795054, "fair_value": 9.154024, "relative_strength": -4.841007, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.747293, "energy": 67.833058, "activity_lines": [ 10.423462, 10.329165, 10.130525, 9.971159 ] }, { "date": "2024-10-18", "close": 10.331417, "volume": 215206, "typical_volume": 307327.65, "trend": 9.81984, "fair_value": 9.154505, "relative_strength": -6.440956, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.871601, "energy": 61.825206, "activity_lines": [ 10.404101, 10.344053, 10.167568, 10.005763 ] }, { "date": "2024-10-25", "close": 10.301918, "volume": 224666, "typical_volume": 297975.85, "trend": 9.840947, "fair_value": 9.15405, "relative_strength": -5.485597, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.216799, "energy": 53.54315, "activity_lines": [ 10.367388, 10.346735, 10.197406, 10.036865 ] }, { "date": "2024-11-01", "close": 10.532488, "volume": 155844, "typical_volume": 284095.35, "trend": 9.872166, "fair_value": 9.153288, "relative_strength": -1.788138, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.255103, "energy": 56.841394, "activity_lines": [ 10.414325, 10.388221, 10.244947, 10.081481 ] }, { "date": "2024-11-08", "close": 10.532488, "volume": 251387, "typical_volume": 281198.65, "trend": 9.906618, "fair_value": 9.154726, "relative_strength": -6.00205, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.78489, "energy": 56.541187, "activity_lines": [ 10.454077, 10.42293, 10.287643, 10.124082 ] }, { "date": "2024-11-15", "close": 10.258916, "volume": 338127, "typical_volume": 285632.75, "trend": 9.933838, "fair_value": 9.154932, "relative_strength": -6.231423, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.189126, "energy": 40.190543, "activity_lines": [ 10.39715, 10.401733, 10.299969, 10.146811 ] }, { "date": "2024-11-22", "close": 10.477052, "volume": 264798, "typical_volume": 285243.45, "trend": 9.969296, "fair_value": 9.157997, "relative_strength": -5.573294, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.508085, "energy": 46.341703, "activity_lines": [ 10.425685, 10.417475, 10.329977, 10.181857 ] }, { "date": "2024-11-29", "close": 10.45982, "volume": 451344, "typical_volume": 280228.55, "trend": 10.003636, "fair_value": 9.16258, "relative_strength": -6.538054, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.881519, "energy": 40.454252, "activity_lines": [ 10.438768, 10.425385, 10.354213, 10.213504 ] }, { "date": "2024-12-06", "close": 10.528748, "volume": 361161, "typical_volume": 285427.35, "trend": 10.039459, "fair_value": 9.167104, "relative_strength": -6.457678, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.963992, "energy": 40.208649, "activity_lines": [ 10.4643, 10.444809, 10.381279, 10.247382 ] }, { "date": "2024-12-13", "close": 10.511516, "volume": 160056, "typical_volume": 281275.45, "trend": 10.074164, "fair_value": 9.171935, "relative_strength": -5.806741, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.710584, "energy": 43.493791, "activity_lines": [ 10.484337, 10.459208, 10.403156, 10.277838 ] }, { "date": "2024-12-20", "close": 10.339196, "volume": 274897, "typical_volume": 273728.0, "trend": 10.104098, "fair_value": 9.174427, "relative_strength": -5.352502, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.961635, "energy": 33.676029, "activity_lines": [ 10.448332, 10.441162, 10.405255, 10.294936 ] }, { "date": "2024-12-27", "close": 10.204278, "volume": 313919, "typical_volume": 265615.15, "trend": 10.13063, "fair_value": 9.173575, "relative_strength": -6.884446, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.715641, "energy": 13.284007, "activity_lines": [ 10.362003, 10.400602, 10.392477, 10.3014 ] }, { "date": "2025-01-03", "close": 10.369284, "volume": 356834, "typical_volume": 273158.0, "trend": 10.162663, "fair_value": 9.176092, "relative_strength": -4.56954, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.497465, "energy": 13.235886, "activity_lines": [ 10.34886, 10.392355, 10.394228, 10.316797 ] }, { "date": "2025-01-10", "close": 10.34323, "volume": 148023, "typical_volume": 268327.8, "trend": 10.190267, "fair_value": 9.179157, "relative_strength": -2.690928, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.664515, "energy": 14.950724, "activity_lines": [ 10.333069, 10.378146, 10.39236, 10.328446 ] }, { "date": "2025-01-17", "close": 10.447444, "volume": 190361, "typical_volume": 262559.15, "trend": 10.217647, "fair_value": 9.184551, "relative_strength": -4.281083, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.44001, "energy": 13.875184, "activity_lines": [ 10.364383, 10.386326, 10.399543, 10.345038 ] }, { "date": "2025-01-24", "close": 10.521262, "volume": 106597, "typical_volume": 258435.45, "trend": 10.248039, "fair_value": 9.191095, "relative_strength": -5.000002, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.892317, "energy": 23.275839, "activity_lines": [ 10.424575, 10.409474, 10.412546, 10.364626 ] }, { "date": "2025-01-31", "close": 10.582534, "volume": 393326, "typical_volume": 267155.65, "trend": 10.280474, "fair_value": 9.196636, "relative_strength": -3.268106, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.577802, "energy": 42.104938, "activity_lines": [ 10.493053, 10.438993, 10.429423, 10.386207 ] }, { "date": "2025-02-07", "close": 10.582534, "volume": 202169, "typical_volume": 259204.25, "trend": 10.3107, "fair_value": 9.202854, "relative_strength": -2.908125, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.827365, "energy": 53.070805, "activity_lines": [ 10.536314, 10.466593, 10.444567, 10.405694 ] }, { "date": "2025-02-14", "close": 10.643806, "volume": 213440, "typical_volume": 253737.3, "trend": 10.339379, "fair_value": 9.21042, "relative_strength": -3.576651, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.995672, "energy": 63.733947, "activity_lines": [ 10.585782, 10.503103, 10.464695, 10.427185 ] }, { "date": "2025-02-21", "close": 10.630677, "volume": 268995, "typical_volume": 255007.9, "trend": 10.36691, "fair_value": 9.218456, "relative_strength": -1.986931, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.526616, "energy": 63.948141, "activity_lines": [ 10.610836, 10.535134, 10.48253, 10.445978 ] }, { "date": "2025-02-28", "close": 10.657143, "volume": 191556, "typical_volume": 254135.3, "trend": 10.391703, "fair_value": 9.227768, "relative_strength": -0.660397, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.347243, "energy": 63.328998, "activity_lines": [ 10.632496, 10.56981, 10.502025, 10.464703 ] }, { "date": "2025-03-07", "close": 10.586566, "volume": 296852, "typical_volume": 258217.6, "trend": 10.412752, "fair_value": 9.237777, "relative_strength": 1.900222, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.859383, "energy": 50.662405, "activity_lines": [ 10.621572, 10.585873, 10.513814, 10.477275 ] }, { "date": "2025-03-14", "close": 10.427767, "volume": 279007, "typical_volume": 260934.65, "trend": 10.422662, "fair_value": 9.246427, "relative_strength": 2.789025, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.273507, "energy": 21.496174, "activity_lines": [ 10.557446, 10.566113, 10.509264, 10.478244 ] }, { "date": "2025-03-21", "close": 10.560099, "volume": 466118, "typical_volume": 276448.35, "trend": 10.436009, "fair_value": 9.256547, "relative_strength": 3.555644, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.220164, "energy": 18.88026, "activity_lines": [ 10.547748, 10.569349, 10.516717, 10.48711 ] }, { "date": "2025-03-28", "close": 10.537692, "volume": 288977, "typical_volume": 278327.85, "trend": 10.447486, "fair_value": 9.263908, "relative_strength": 4.855843, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.737365, "energy": 17.426722, "activity_lines": [ 10.536162, 10.564569, 10.521905, 10.493671 ] }, { "date": "2025-04-04", "close": 10.093064, "volume": 498746, "typical_volume": 286358.8, "trend": 10.446948, "fair_value": 9.269662, "relative_strength": 10.300955, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -38.529568, "energy": 32.613593, "activity_lines": [ 10.382566, 10.477307, 10.484723, 10.470805 ] }, { "date": "2025-04-11", "close": 10.119741, "volume": 570514, "typical_volume": 301644.6, "trend": 10.443652, "fair_value": 9.276787, "relative_strength": 4.642658, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.287491, "energy": 48.885691, "activity_lines": [ 10.275467, 10.40268, 10.450871, 10.449695 ] }, { "date": "2025-04-18", "close": 10.279807, "volume": 105466, "typical_volume": 284350.7, "trend": 10.439518, "fair_value": 9.284967, "relative_strength": 7.793527, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -57.776713, "energy": 60.155663, "activity_lines": [ 10.252845, 10.36557, 10.433965, 10.439124 ] }, { "date": "2025-04-25", "close": 10.365098, "volume": 388724, "typical_volume": 285728.85, "trend": 10.437531, "fair_value": 9.294081, "relative_strength": 3.897757, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.513984, "energy": 54.912054, "activity_lines": [ 10.268517, 10.349473, 10.426039, 10.434323 ] }, { "date": "2025-05-02", "close": 10.544425, "volume": 291490, "typical_volume": 292300.55, "trend": 10.440673, "fair_value": 9.305813, "relative_strength": 2.696936, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -8.66834, "energy": 13.199883, "activity_lines": [ 10.356966, 10.371047, 10.435971, 10.441219 ] }, { "date": "2025-05-09", "close": 10.544425, "volume": 260746, "typical_volume": 291593.0, "trend": 10.443815, "fair_value": 9.318581, "relative_strength": 3.104207, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.051901, "energy": 10.567211, "activity_lines": [ 10.444965, 10.39419, 10.445747, 10.447913 ] }, { "date": "2025-05-16", "close": 10.652022, "volume": 202598, "typical_volume": 286026.95, "trend": 10.454501, "fair_value": 9.332494, "relative_strength": -1.058116, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.858844, "energy": 26.917261, "activity_lines": [ 10.538739, 10.438945, 10.464792, 10.461346 ] }, { "date": "2025-05-23", "close": 10.540015, "volume": 172112, "typical_volume": 276790.85, "trend": 10.462438, "fair_value": 9.343427, "relative_strength": 0.437442, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.80319, "energy": 25.443865, "activity_lines": [ 10.559692, 10.462145, 10.471038, 10.466863 ] }, { "date": "2025-05-30", "close": 10.711765, "volume": 177748, "typical_volume": 278277.1, "trend": 10.468414, "fair_value": 9.35594, "relative_strength": 0.282247, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 62.536851, "energy": 48.843652, "activity_lines": [ 10.620548, 10.514532, 10.492829, 10.482948 ] }, { "date": "2025-06-06", "close": 10.729844, "volume": 230840, "typical_volume": 280301.05, "trend": 10.474992, "fair_value": 9.369482, "relative_strength": -1.190193, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.31919, "energy": 57.347113, "activity_lines": [ 10.66432, 10.567448, 10.514586, 10.499815 ] }, { "date": "2025-06-13", "close": 10.684647, "volume": 256825, "typical_volume": 287812.45, "trend": 10.489183, "fair_value": 9.386127, "relative_strength": -1.268829, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.499434, "energy": 50.295062, "activity_lines": [ 10.680664, 10.608653, 10.530694, 10.513341 ] }, { "date": "2025-06-20", "close": 10.775041, "volume": 157980, "typical_volume": 276045.15, "trend": 10.499116, "fair_value": 9.402625, "relative_strength": -0.297966, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.312369, "energy": 59.0842, "activity_lines": [ 10.717791, 10.655537, 10.554632, 10.531783 ] }, { "date": "2025-06-27", "close": 10.843346, "volume": 307412, "typical_volume": 281307.3, "trend": 10.511901, "fair_value": 9.417808, "relative_strength": -3.007215, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.093641, "energy": 61.062164, "activity_lines": [ 10.769486, 10.702925, 10.58416, 10.553992 ] }, { "date": "2025-07-04", "close": 10.916242, "volume": 205394, "typical_volume": 280905.0, "trend": 10.524817, "fair_value": 9.434247, "relative_strength": -3.975207, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.999147, "energy": 71.481277, "activity_lines": [ 10.825257, 10.753321, 10.619388, 10.580078 ] }, { "date": "2025-07-11", "close": 10.934466, "volume": 487426, "typical_volume": 291826.55, "trend": 10.538915, "fair_value": 9.451943, "relative_strength": -3.55377, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.194792, "energy": 79.72942, "activity_lines": [ 10.873471, 10.79701, 10.655054, 10.606507 ] }, { "date": "2025-07-18", "close": 10.92991, "volume": 359319, "typical_volume": 300214.7, "trend": 10.558606, "fair_value": 9.468101, "relative_strength": -4.13877, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.758409, "energy": 80.470448, "activity_lines": [ 10.906525, 10.832779, 10.688839, 10.631733 ] }, { "date": "2025-07-25", "close": 10.920725, "volume": 296817, "typical_volume": 300212.95, "trend": 10.582487, "fair_value": 9.482874, "relative_strength": -5.541434, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.302604, "energy": 79.885504, "activity_lines": [ 10.920166, 10.859869, 10.720451, 10.655095 ] }, { "date": "2025-08-01", "close": 10.902356, "volume": 263543, "typical_volume": 299439.75, "trend": 10.600256, "fair_value": 9.496911, "relative_strength": -3.23445, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.051518, "energy": 74.1308, "activity_lines": [ 10.917972, 10.878734, 10.748723, 10.675732 ] }, { "date": "2025-08-08", "close": 11.049312, "volume": 207577, "typical_volume": 286512.7, "trend": 10.623793, "fair_value": 9.510786, "relative_strength": -4.150022, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.873742, "energy": 75.53382, "activity_lines": [ 10.96083, 10.91773, 10.78873, 10.704703 ] }, { "date": "2025-08-15", "close": 11.058497, "volume": 141303, "typical_volume": 279129.0, "trend": 10.644161, "fair_value": 9.525603, "relative_strength": -4.870532, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.167586, "energy": 73.721427, "activity_lines": [ 10.997877, 10.952259, 10.827282, 10.732749 ] }, { "date": "2025-08-22", "close": 11.053905, "volume": 194604, "typical_volume": 263921.9, "trend": 10.661916, "fair_value": 9.54086, "relative_strength": -5.067508, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.183716, "energy": 71.810937, "activity_lines": [ 11.025126, 10.979977, 10.862917, 10.759184 ] }, { "date": "2025-08-29", "close": 11.072421, "volume": 219951, "typical_volume": 246393.75, "trend": 10.678245, "fair_value": 9.556681, "relative_strength": -4.754127, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.877551, "energy": 79.171279, "activity_lines": [ 11.05028, 11.004348, 10.89574, 10.785668 ] }, { "date": "2025-09-05", "close": 11.137226, "volume": 116961, "typical_volume": 246968.5, "trend": 10.696735, "fair_value": 9.571716, "relative_strength": -4.343893, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.27151, "energy": 80.903492, "activity_lines": [ 11.086922, 11.035095, 10.930199, 10.81528 ] }, { "date": "2025-09-12", "close": 11.164999, "volume": 122338, "typical_volume": 233649.2, "trend": 10.714108, "fair_value": 9.589199, "relative_strength": -5.444794, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.493023, "energy": 74.105627, "activity_lines": [ 11.117165, 11.065548, 10.963219, 10.84549 ] }, { "date": "2025-09-19", "close": 11.137226, "volume": 107937, "typical_volume": 224471.55, "trend": 10.730993, "fair_value": 9.606307, "relative_strength": -6.656553, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.350676, "energy": 63.194163, "activity_lines": [ 11.130437, 11.086429, 10.989785, 10.872788 ] }, { "date": "2025-09-26", "close": 10.918699, "volume": 257228, "typical_volume": 224295.65, "trend": 10.739712, "fair_value": 9.626006, "relative_strength": -8.034824, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.700364, "energy": 46.228892, "activity_lines": [ 11.065618, 11.063891, 10.992717, 10.884898 ] }, { "date": "2025-10-03", "close": 10.778716, "volume": 637960, "typical_volume": 246063.75, "trend": 10.746117, "fair_value": 9.643553, "relative_strength": -9.98941, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.897787, "energy": 15.96051, "activity_lines": [ 10.963152, 11.016106, 10.980534, 10.887414 ] }, { "date": "2025-10-10", "close": 10.685394, "volume": 352895, "typical_volume": 255102.9, "trend": 10.754704, "fair_value": 9.661174, "relative_strength": -8.370746, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.282232, "energy": 24.140087, "activity_lines": [ 10.849159, 10.953934, 10.95886, 10.883497 ] }, { "date": "2025-10-17", "close": 10.638733, "volume": 307064, "typical_volume": 261568.7, "trend": 10.757325, "fair_value": 9.677354, "relative_strength": -10.150783, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -33.627496, "energy": 41.541258, "activity_lines": [ 10.749734, 10.887224, 10.932051, 10.876015 ] }, { "date": "2025-10-24", "close": 10.783382, "volume": 224813, "typical_volume": 261267.35, "trend": 10.765515, "fair_value": 9.692064, "relative_strength": -10.457049, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.624937, "energy": 37.388216, "activity_lines": [ 10.73361, 10.854279, 10.919365, 10.877696 ] }, { "date": "2025-10-31", "close": 10.745744, "volume": 326391, "typical_volume": 264745.65, "trend": 10.787271, "fair_value": 9.706442, "relative_strength": -11.118856, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.770233, "energy": 42.634762, "activity_lines": [ 10.72853, 10.819492, 10.902839, 10.87642 ] }, { "date": "2025-11-07", "close": 10.642238, "volume": 359464, "typical_volume": 274819.85, "trend": 10.804688, "fair_value": 9.719479, "relative_strength": -10.329453, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.366012, "energy": 50.006018, "activity_lines": [ 10.700478, 10.771489, 10.876165, 10.867063 ] }, { "date": "2025-11-14", "close": 10.59519, "volume": 247975, "typical_volume": 271848.0, "trend": 10.8152, "fair_value": 9.731264, "relative_strength": -10.663252, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.656359, "energy": 40.953862, "activity_lines": [ 10.665842, 10.722754, 10.845642, 10.853547 ] }, { "date": "2025-11-21", "close": 10.38372, "volume": 421067, "typical_volume": 282631.65, "trend": 10.815821, "fair_value": 9.742445, "relative_strength": -10.532669, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.416594, "energy": 64.400369, "activity_lines": [ 10.56673, 10.645424, 10.796161, 10.82571 ] }, { "date": "2025-11-28", "close": 10.602025, "volume": 480974, "typical_volume": 282309.05, "trend": 10.817741, "fair_value": 9.754433, "relative_strength": -11.709732, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.159988, "energy": 64.174474, "activity_lines": [ 10.557386, 10.621992, 10.770007, 10.811917 ] }, { "date": "2025-12-05", "close": 10.526093, "volume": 467741, "typical_volume": 287730.15, "trend": 10.81713, "fair_value": 9.766891, "relative_strength": -12.427059, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.628862, "energy": 65.720488, "activity_lines": [ 10.534823, 10.594484, 10.738205, 10.793101 ] }, { "date": "2025-12-12", "close": 10.459653, "volume": 375201, "typical_volume": 291649.35, "trend": 10.810718, "fair_value": 9.778103, "relative_strength": -12.260106, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.943424, "energy": 68.510574, "activity_lines": [ 10.504756, 10.562035, 10.701997, 10.770038 ] }, { "date": "2025-12-19", "close": 10.459653, "volume": 386197, "typical_volume": 297782.05, "trend": 10.808039, "fair_value": 9.789793, "relative_strength": -12.141825, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.930928, "energy": 50.768237, "activity_lines": [ 10.486862, 10.535387, 10.667986, 10.747388 ] }, { "date": "2025-12-26", "close": 10.645555, "volume": 234722, "typical_volume": 299139.3, "trend": 10.805832, "fair_value": 9.800699, "relative_strength": -11.652012, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.496206, "energy": 42.523653, "activity_lines": [ 10.53997, 10.546644, 10.653787, 10.736906 ] }, { "date": "2026-01-02", "close": 10.674275, "volume": 344222, "typical_volume": 309285.25, "trend": 10.80398, "fair_value": 9.81211, "relative_strength": -10.280481, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.518619, "energy": 31.742807, "activity_lines": [ 10.585197, 10.562998, 10.644246, 10.728418 ] }, { "date": "2026-01-09", "close": 10.655129, "volume": 244147, "typical_volume": 311762.4, "trend": 10.802996, "fair_value": 9.822296, "relative_strength": -11.586706, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.160125, "energy": 22.916965, "activity_lines": [ 10.619225, 10.577855, 10.634711, 10.718815 ] }, { "date": "2026-01-16", "close": 10.655129, "volume": 200948, "typical_volume": 310812.25, "trend": 10.798999, "fair_value": 9.832529, "relative_strength": -11.053792, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.156957, "energy": 26.217683, "activity_lines": [ 10.64465, 10.59436, 10.627076, 10.709275 ] }, { "date": "2026-01-23", "close": 10.746076, "volume": 246763, "typical_volume": 317302.35, "trend": 10.795756, "fair_value": 9.843417, "relative_strength": -9.786319, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.895602, "energy": 20.318967, "activity_lines": [ 10.687359, 10.627166, 10.630089, 10.705861 ] }, { "date": "2026-01-30", "close": 10.755731, "volume": 151739, "typical_volume": 318772.4, "trend": 10.790406, "fair_value": 9.85409, "relative_strength": -9.837429, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -0.836838, "energy": 15.60289, "activity_lines": [ 10.714192, 10.658984, 10.635884, 10.703278 ] }, { "date": "2026-02-06", "close": 10.760558, "volume": 233511, "typical_volume": 325051.1, "trend": 10.784609, "fair_value": 9.865674, "relative_strength": -9.394222, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.40485, "energy": 18.480138, "activity_lines": [ 10.735289, 10.684916, 10.644088, 10.701353 ] }, { "date": "2026-02-13", "close": 10.832971, "volume": 211689, "typical_volume": 322774.15, "trend": 10.781378, "fair_value": 9.878163, "relative_strength": -7.41426, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 13.444557, "energy": 30.063054, "activity_lines": [ 10.774771, 10.721132, 10.660982, 10.704473 ] }, { "date": "2026-02-20", "close": 10.847454, "volume": 149931, "typical_volume": 298372.7, "trend": 10.778935, "fair_value": 9.890419, "relative_strength": -8.097388, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.255749, "energy": 56.209026, "activity_lines": [ 10.807224, 10.754401, 10.679663, 10.708736 ] }, { "date": "2026-02-27", "close": 10.866928, "volume": 217770, "typical_volume": 291616.45, "trend": 10.777754, "fair_value": 9.90294, "relative_strength": -7.230554, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.969177, "energy": 61.779943, "activity_lines": [ 10.833348, 10.78416, 10.699872, 10.714413 ] }, { "date": "2026-03-06", "close": 10.662443, "volume": 272826, "typical_volume": 289904.55, "trend": 10.764859, "fair_value": 9.914989, "relative_strength": -6.846358, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.963178, "energy": 26.437572, "activity_lines": [ 10.783253, 10.769335, 10.699742, 10.706973 ] }, { "date": "2026-03-13", "close": 10.555332, "volume": 234428, "typical_volume": 290385.3, "trend": 10.748087, "fair_value": 9.928218, "relative_strength": -6.079344, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -43.769899, "energy": 21.647335, "activity_lines": [ 10.703673, 10.734728, 10.689297, 10.693455 ] }, { "date": "2026-03-20", "close": 10.428746, "volume": 361154, "typical_volume": 292123.45, "trend": 10.727248, "fair_value": 9.939502, "relative_strength": -5.198168, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -63.386246, "energy": 44.815826, "activity_lines": [ 10.59558, 10.679269, 10.667883, 10.672853 ] }, { "date": "2026-03-27", "close": 10.295474, "volume": 348802, "typical_volume": 291590.35, "trend": 10.70135, "fair_value": 9.949174, "relative_strength": -3.951718, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -82.759006, "energy": 62.444489, "activity_lines": [ 10.470011, 10.603694, 10.635286, 10.644996 ] }, { "date": "2026-04-03", "close": 10.442833, "volume": 255425, "typical_volume": 291962.85, "trend": 10.678203, "fair_value": 9.960872, "relative_strength": -5.345438, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.057143, "energy": 68.089851, "activity_lines": [ 10.43036, 10.56145, 10.618374, 10.628318 ] }, { "date": "2026-04-10", "close": 10.590192, "volume": 441694, "typical_volume": 292994.2, "trend": 10.659043, "fair_value": 9.974032, "relative_strength": -6.966891, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.626094, "energy": 62.575645, "activity_lines": [ 10.468103, 10.551513, 10.616222, 10.62264 ] }, { "date": "2026-04-17", "close": 10.840702, "volume": 499625, "typical_volume": 293926.75, "trend": 10.649159, "fair_value": 9.988538, "relative_strength": -8.408868, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -6.943587, "energy": 10.559087, "activity_lines": [ 10.594165, 10.590133, 10.636945, 10.63436 ] }, { "date": "2026-04-24", "close": 10.59737, "volume": 379761, "typical_volume": 289527.75, "trend": 10.638448, "fair_value": 10.001531, "relative_strength": -10.508011, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.991086, "energy": 13.15084, "activity_lines": [ 10.620092, 10.583053, 10.633357, 10.631018 ] }, { "date": "2026-05-01", "close": 10.656299, "volume": 414290, "typical_volume": 291482.2, "trend": 10.634367, "fair_value": 10.014854, "relative_strength": -10.429637, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.058318, "energy": 13.616526, "activity_lines": [ 10.65442, 10.590972, 10.635041, 10.63217 ] }, { "date": "2026-05-08", "close": 10.567906, "volume": 303973, "typical_volume": 287371.0, "trend": 10.630451, "fair_value": 10.028417, "relative_strength": -12.751565, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.569571, "energy": 11.901462, "activity_lines": [ 10.635229, 10.586294, 10.627371, 10.627882 ] }, { "date": "2026-05-15", "close": 10.391119, "volume": 184076, "typical_volume": 284838.7, "trend": 10.622197, "fair_value": 10.040846, "relative_strength": -13.980554, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.854762, "energy": 29.21615, "activity_lines": [ 10.548771, 10.55491, 10.602349, 10.612442 ] }, { "date": "2026-05-22", "close": 10.445404, "volume": 374623, "typical_volume": 286358.75, "trend": 10.610931, "fair_value": 10.053861, "relative_strength": -13.835296, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.613524, "energy": 38.738347, "activity_lines": [ 10.493679, 10.53833, 10.583708, 10.601036 ] }, { "date": "2026-05-29", "close": 10.534596, "volume": 231179, "typical_volume": 285710.35, "trend": 10.603893, "fair_value": 10.064751, "relative_strength": -13.890825, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.205749, "energy": 35.80164, "activity_lines": [ 10.494671, 10.539965, 10.574651, 10.596111 ] }, { "date": "2026-06-05", "close": 10.445404, "volume": 468616, "typical_volume": 299093.75, "trend": 10.597332, "fair_value": 10.076695, "relative_strength": -12.015041, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.452577, "energy": 45.043959, "activity_lines": [ 10.470117, 10.523458, 10.557674, 10.585886 ] }, { "date": "2026-06-12", "close": 10.524686, "volume": 221888, "typical_volume": 297850.0, "trend": 10.594982, "fair_value": 10.087809, "relative_strength": -11.435103, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.177619, "energy": 33.193953, "activity_lines": [ 10.486051, 10.518641, 10.549247, 10.581199 ] }, { "date": "2026-06-19", "close": 10.409957, "volume": 230751, "typical_volume": 301800.6, "trend": 10.595856, "fair_value": 10.097879, "relative_strength": -12.748439, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.107838, "energy": 30.612628, "activity_lines": [ 10.466622, 10.491475, 10.530947, 10.569262 ] }, { "date": "2026-06-26", "close": 10.444774, "volume": 388639, "typical_volume": 309557.0, "trend": 10.590615, "fair_value": 10.10822, "relative_strength": -9.945543, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.847957, "energy": 34.674043, "activity_lines": [ 10.457544, 10.473917, 10.517609, 10.559514 ] }, { "date": "2026-07-03", "close": 10.514142, "volume": 281051, "typical_volume": 313025.1, "trend": 10.590216, "fair_value": 10.118373, "relative_strength": -10.888903, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.26222, "energy": 26.245225, "activity_lines": [ 10.47163, 10.47617, 10.512382, 10.554581 ] }, { "date": "2026-07-10", "close": 10.55378, "volume": 444102, "typical_volume": 327733.65, "trend": 10.593354, "fair_value": 10.129413, "relative_strength": -11.354572, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.273189, "energy": 19.481854, "activity_lines": [ 10.500293, 10.487143, 10.512447, 10.55223 ] }, { "date": "2026-07-17", "close": 10.464593, "volume": 229380, "typical_volume": 328314.15, "trend": 10.593519, "fair_value": 10.139426, "relative_strength": -10.338931, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.95122, "energy": 18.556951, "activity_lines": [ 10.492001, 10.483764, 10.505418, 10.543923 ] }, { "date": "2026-07-24", "close": 10.42, "volume": 286568, "typical_volume": 329001.25, "trend": 10.586, "fair_value": 10.148231, "relative_strength": -9.837631, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.337562, "energy": 25.135636, "activity_lines": [ 10.472851, 10.474155, 10.496057, 10.532728 ] }, { "date": "2026-07-31", "close": 10.39, "volume": 420679, "typical_volume": 338313.8, "trend": 10.576524, "fair_value": 10.157571, "relative_strength": -10.652226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.604127, "energy": 35.925783, "activity_lines": [ 10.443032, 10.458568, 10.484994, 10.520083 ] }, { "date": "2026-08-07", "close": 10.51, "volume": 209961, "typical_volume": 330754.15, "trend": 10.571687, "fair_value": 10.167633, "relative_strength": -12.258934, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.080118, "energy": 29.37616, "activity_lines": [ 10.456864, 10.465805, 10.486146, 10.515791 ] } ], "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." } } }