{ "ticker": { "uuid": "9195b9f7-485b-456f-87ad-4f79d64c2eaf", "symbol": "C300", "name": "Invesco Markets plc - Invesco S&P China A 300 Swap UCITS ETF", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 51.294, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 8.42, "architecture_energy": 20.353, "architecture_maturity": 63.856, "architecture_confidence": 78.943, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 63.86, "rotation_up": 16.19, "upward_expansion": 40.92, "deceleration": 87.99, "rotation_down": 41.87, "downward_expansion": 32.59 }, "activity_lines": [ 6.194867, 6.281764, 6.289076, 6.198837 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 6.285, "trend_reference": 6.068367, "distance_from_trend": 0.035699, "trend_direction": "Improving", "fair_value": 4.765025, "distance_from_fair_value": 0.318986, "fair_value_direction": "Weakening", "relative_strength": -6.6631, "relative_strength_direction": "Weakening", "price_momentum": 0.101665, "excess_performance": -0.069227, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.035699, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.047601, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.318986, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.039915, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.066631, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.101168, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.101665, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.63389, "read": "Supply-led" } ], "volume": { "latest": 98400, "relative_activity": 1.196879, "balance": 0.63389, "dry_up": 0.880208, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.033768, "annualized_volatility": 0.166341, "from_high_reference": -0.050461, "from_low_reference": 0.32777 }, "levels": { "trend_reference": 6.068367, "fair_value_reference": 4.765025, "structural_low": 5.568, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": 0.024389, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": -0.011339, "regime_survival": 0.375, "best_return": 0.061661, "worst_return": -0.030903, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.047489, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.075216, "regime_survival": 0.0, "best_return": 0.093991, "worst_return": -0.10616, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.145605, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.028383, "regime_survival": 0.0, "best_return": 0.188924, "worst_return": 0.003767, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.05795, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.149428, "regime_survival": 0.0, "best_return": 0.05795, "worst_return": 0.05795, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-13", "end": "2025-01-03", "tenure": "New", "return": -0.028162, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-02-14", "tenure": "Developing", "return": 0.060049, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-03-14", "tenure": "New", "return": -0.023951, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-03-28", "tenure": "New", "return": -0.005625, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": -0.024596, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-07-04", "tenure": "Developing", "return": 0.069399, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-07-18", "tenure": "New", "return": 0.026269, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-25", "end": "2025-08-22", "tenure": "Developing", "return": 0.072427, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-11-14", "tenure": "Developing", "return": 0.0542, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-21", "end": "2026-01-02", "tenure": "Developing", "return": 0.06197, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-09", "end": "2026-04-03", "tenure": "Established", "return": -0.01204, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-10", "end": "2026-04-17", "tenure": "New", "return": 0.023781, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-17", "tenure": "Established", "return": -0.00543, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.008181, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 4.2205, "volume": 6084, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 4.1185, "volume": 31463, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 4.2595, "volume": 11370, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 4.159, "volume": 18093, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 4.171, "volume": 89825, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 4.2255, "volume": 174666, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 4.244, "volume": 11692, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 4.193, "volume": 19417, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 4.1835, "volume": 3678, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 3.947, "volume": 23380, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 4.0085, "volume": 5837, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 4.029, "volume": 7946, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 4.041, "volume": 10039, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 4.0175, "volume": 320385, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 3.9935, "volume": 9562, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 3.938, "volume": 94654, "typical_volume": 51752.25, "trend": 4.228083, "fair_value": 4.617725, "relative_strength": -19.087846, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.281983, "energy": 62.993817, "activity_lines": [ 3.9885, 4.016973, 4.091421, 4.146406 ] }, { "date": "2023-12-08", "close": 3.8645, "volume": 19288, "typical_volume": 51426.7, "trend": 4.20585, "fair_value": 4.608426, "relative_strength": -21.234052, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.562601, "energy": 76.982344, "activity_lines": [ 3.942067, 3.981518, 4.063414, 4.122949 ] }, { "date": "2023-12-15", "close": 3.806, "volume": 22047, "typical_volume": 50264.05, "trend": 4.18295, "fair_value": 4.59864, "relative_strength": -21.723124, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.729034, "energy": 86.697862, "activity_lines": [ 3.8871, 3.942327, 4.03144, 4.097153 ] }, { "date": "2023-12-22", "close": 3.7695, "volume": 11771, "typical_volume": 45403.55, "trend": 4.158217, "fair_value": 4.588651, "relative_strength": -21.792933, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.197289, "energy": 92.363497, "activity_lines": [ 3.835633, 3.903536, 3.999286, 4.070478 ] }, { "date": "2023-12-29", "close": 3.8605, "volume": 9223, "typical_volume": 45021.0, "trend": 4.1412, "fair_value": 4.579982, "relative_strength": -19.265429, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.186371, "energy": 84.429831, "activity_lines": [ 3.831033, 3.888818, 3.979136, 4.051271 ] }, { "date": "2024-01-05", "close": 3.7835, "volume": 22527, "typical_volume": 45843.15, "trend": 4.121967, "fair_value": 4.570612, "relative_strength": -20.556376, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.694422, "energy": 83.338378, "activity_lines": [ 3.809633, 3.861673, 3.953519, 4.028194 ] }, { "date": "2024-01-12", "close": 3.7155, "volume": 1521, "typical_volume": 44346.05, "trend": 4.09795, "fair_value": 4.560669, "relative_strength": -21.4481, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.013529, "energy": 81.201224, "activity_lines": [ 3.775867, 3.826255, 3.923507, 4.00197 ] }, { "date": "2024-01-19", "close": 3.706, "volume": 30791, "typical_volume": 45317.1, "trend": 4.079917, "fair_value": 4.550845, "relative_strength": -20.489821, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.586433, "energy": 77.292056, "activity_lines": [ 3.748867, 3.794809, 3.89451, 3.976683 ] }, { "date": "2024-01-26", "close": 3.83, "volume": 36634, "typical_volume": 46244.15, "trend": 4.06605, "fair_value": 4.542653, "relative_strength": -17.422889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.906086, "energy": 62.807637, "activity_lines": [ 3.769867, 3.792, 3.879957, 3.960559 ] }, { "date": "2024-02-02", "close": 3.5695, "volume": 74009, "typical_volume": 45453.35, "trend": 4.044, "fair_value": 4.531719, "relative_strength": -23.272961, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.775983, "energy": 70.931868, "activity_lines": [ 3.7, 3.745236, 3.842162, 3.928524 ] }, { "date": "2024-02-09", "close": 3.775, "volume": 22070, "typical_volume": 37823.55, "trend": 4.028383, "fair_value": 4.523311, "relative_strength": -19.40229, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.028535, "energy": 52.603601, "activity_lines": [ 3.718033, 3.743545, 3.826802, 3.911169 ] }, { "date": "2024-02-16", "close": 3.9085, "volume": 19587, "typical_volume": 38218.3, "trend": 4.018617, "fair_value": 4.516555, "relative_strength": -17.531189, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.665941, "energy": 32.251801, "activity_lines": [ 3.781133, 3.769091, 3.826302, 3.903434 ] }, { "date": "2024-02-23", "close": 3.963, "volume": 12177, "typical_volume": 37856.3, "trend": 4.000783, "fair_value": 4.510538, "relative_strength": -18.251908, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.410419, "energy": 15.120338, "activity_lines": [ 3.849533, 3.803745, 3.83259, 3.899846 ] }, { "date": "2024-03-01", "close": 4.029, "volume": 51149, "typical_volume": 40229.85, "trend": 3.986067, "fair_value": 4.50536, "relative_strength": -16.907837, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 10.627152, "energy": 23.902601, "activity_lines": [ 3.9228, 3.847545, 3.84626, 3.901667 ] }, { "date": "2024-03-08", "close": 3.9925, "volume": 65243, "typical_volume": 42323.0, "trend": 3.9774, "fair_value": 4.499904, "relative_strength": -18.268474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 4.870365, "energy": 27.900155, "activity_lines": [ 3.970633, 3.879991, 3.857188, 3.902082 ] }, { "date": "2024-03-15", "close": 4.0675, "volume": 37982, "typical_volume": 43930.25, "trend": 3.9723, "fair_value": 4.495353, "relative_strength": -17.356455, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.41619, "energy": 41.036929, "activity_lines": [ 4.015267, 3.923673, 3.875043, 3.907895 ] }, { "date": "2024-03-22", "close": 4.02, "volume": 34082, "typical_volume": 45237.05, "trend": 3.969017, "fair_value": 4.490401, "relative_strength": -18.595542, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.155986, "energy": 46.776444, "activity_lines": [ 4.024567, 3.953555, 3.888093, 3.910972 ] }, { "date": "2024-03-29", "close": 4.039, "volume": 21929, "typical_volume": 45831.55, "trend": 3.961667, "fair_value": 4.485747, "relative_strength": -18.539939, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.956389, "energy": 48.232858, "activity_lines": [ 4.032767, 3.981355, 3.902995, 3.915487 ] }, { "date": "2024-04-05", "close": 4.075, "volume": 62523, "typical_volume": 32938.45, "trend": 3.958867, "fair_value": 4.481556, "relative_strength": -15.416989, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.854442, "energy": 38.515586, "activity_lines": [ 4.0479, 4.009645, 3.921336, 3.922799 ] }, { "date": "2024-04-12", "close": 4.0085, "volume": 8554, "typical_volume": 32888.05, "trend": 3.95345, "fair_value": 4.476778, "relative_strength": -15.632216, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.033955, "energy": 28.682109, "activity_lines": [ 4.0378, 4.021391, 3.933069, 3.926001 ] }, { "date": "2024-04-19", "close": 4.115, "volume": 77867, "typical_volume": 32048.7, "trend": 3.949767, "fair_value": 4.47316, "relative_strength": -13.268348, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.755154, "energy": 33.482738, "activity_lines": [ 4.062133, 4.044518, 3.954874, 3.936424 ] }, { "date": "2024-04-26", "close": 4.0445, "volume": 13362, "typical_volume": 31752.4, "trend": 3.943117, "fair_value": 4.468916, "relative_strength": -14.982632, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.752292, "energy": 28.769203, "activity_lines": [ 4.0598, 4.048645, 3.969121, 3.942535 ] }, { "date": "2024-05-03", "close": 4.263, "volume": 284884, "typical_volume": 44894.25, "trend": 3.94545, "fair_value": 4.466897, "relative_strength": -8.230554, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 82.887997, "energy": 71.332526, "activity_lines": [ 4.128667, 4.090027, 4.003321, 3.963173 ] }, { "date": "2024-05-10", "close": 4.2545, "volume": 156458, "typical_volume": 52128.6, "trend": 3.947817, "fair_value": 4.464835, "relative_strength": -10.595679, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.308065, "energy": 85.185136, "activity_lines": [ 4.179767, 4.124409, 4.034536, 3.983112 ] }, { "date": "2024-05-17", "close": 4.2405, "volume": 100627, "typical_volume": 56698.8, "trend": 3.9576, "fair_value": 4.462678, "relative_strength": -12.223298, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.421499, "energy": 85.070653, "activity_lines": [ 4.214233, 4.152145, 4.062107, 4.001995 ] }, { "date": "2024-05-24", "close": 4.14, "volume": 15940, "typical_volume": 56369.45, "trend": 3.961983, "fair_value": 4.459605, "relative_strength": -11.437885, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.710598, "energy": 79.539017, "activity_lines": [ 4.199733, 4.1571, 4.078298, 4.013762 ] }, { "date": "2024-05-31", "close": 4.0765, "volume": 21246, "typical_volume": 57355.7, "trend": 3.963567, "fair_value": 4.455991, "relative_strength": -12.259792, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.827291, "energy": 52.402882, "activity_lines": [ 4.1624, 4.149191, 4.086743, 4.021151 ] }, { "date": "2024-06-07", "close": 4.095, "volume": 17245, "typical_volume": 56678.4, "trend": 3.965367, "fair_value": 4.452617, "relative_strength": -11.754787, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.32999, "energy": 31.62109, "activity_lines": [ 4.1291, 4.143618, 4.095231, 4.02963 ] }, { "date": "2024-06-14", "close": 4.107, "volume": 10659, "typical_volume": 55379.65, "trend": 3.96835, "fair_value": 4.449417, "relative_strength": -5.637046, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.936408, "energy": 25.164396, "activity_lines": [ 4.111, 4.139209, 4.10301, 4.038768 ] }, { "date": "2024-06-21", "close": 4.0295, "volume": 7455, "typical_volume": 52051.95, "trend": 3.96955, "fair_value": 4.445564, "relative_strength": -8.74528, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.477446, "energy": 23.943521, "activity_lines": [ 4.0769, 4.120127, 4.102088, 4.042713 ] }, { "date": "2024-06-28", "close": 4.017, "volume": 12942, "typical_volume": 51595.55, "trend": 3.972183, "fair_value": 4.441668, "relative_strength": -8.213725, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.023113, "energy": 19.274109, "activity_lines": [ 4.0527, 4.098391, 4.097786, 4.045774 ] }, { "date": "2024-07-05", "close": 3.9455, "volume": 586889, "typical_volume": 79960.65, "trend": 3.974883, "fair_value": 4.437198, "relative_strength": -11.593015, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.799519, "energy": 24.80866, "activity_lines": [ 4.012867, 4.065436, 4.085521, 4.044053 ] }, { "date": "2024-07-12", "close": 4.0125, "volume": 7995, "typical_volume": 79751.55, "trend": 3.981767, "fair_value": 4.433406, "relative_strength": -11.217205, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.15966, "energy": 22.078311, "activity_lines": [ 4.0041, 4.046464, 4.079462, 4.04648 ] }, { "date": "2024-07-19", "close": 4.033, "volume": 6048, "typical_volume": 77496.5, "trend": 3.99055, "fair_value": 4.429863, "relative_strength": -9.442057, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.367152, "energy": 20.962482, "activity_lines": [ 4.007667, 4.035773, 4.075119, 4.049785 ] }, { "date": "2024-07-26", "close": 3.9575, "volume": 166451, "typical_volume": 82556.9, "trend": 3.993783, "fair_value": 4.425719, "relative_strength": -9.602371, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.108143, "energy": 41.95876, "activity_lines": [ 3.991, 4.015382, 4.063567, 4.047653 ] }, { "date": "2024-08-02", "close": 3.9595, "volume": 66427, "typical_volume": 83979.15, "trend": 3.99965, "fair_value": 4.421665, "relative_strength": -4.02553, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.312841, "energy": 35.071351, "activity_lines": [ 3.9798, 4.0005, 4.052371, 4.045441 ] }, { "date": "2024-08-09", "close": 3.8885, "volume": 2800, "typical_volume": 82415.05, "trend": 4.005417, "fair_value": 4.417069, "relative_strength": -4.644459, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.939039, "energy": 52.710347, "activity_lines": [ 3.948767, 3.975991, 4.034929, 4.03827 ] }, { "date": "2024-08-16", "close": 3.861, "volume": 632248, "typical_volume": 112931.0, "trend": 4.010583, "fair_value": 4.412316, "relative_strength": -8.443966, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.360631, "energy": 67.26944, "activity_lines": [ 3.912367, 3.9499, 4.015493, 4.028953 ] }, { "date": "2024-08-23", "close": 3.7865, "volume": 34658, "typical_volume": 111537.75, "trend": 4.009133, "fair_value": 4.407013, "relative_strength": -11.388615, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.635287, "energy": 78.771062, "activity_lines": [ 3.861233, 3.914518, 3.98981, 4.014496 ] }, { "date": "2024-08-30", "close": 3.8365, "volume": 77860, "typical_volume": 115003.05, "trend": 4.018033, "fair_value": 4.402218, "relative_strength": -11.610916, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.960645, "energy": 83.620017, "activity_lines": [ 3.8432, 3.894055, 3.970262, 4.003358 ] }, { "date": "2024-09-06", "close": 3.7825, "volume": 7156, "typical_volume": 111467.5, "trend": 4.018283, "fair_value": 4.397054, "relative_strength": -9.558661, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.735856, "energy": 88.004654, "activity_lines": [ 3.815233, 3.867282, 3.94639, 3.988162 ] }, { "date": "2024-09-13", "close": 3.671, "volume": 9643, "typical_volume": 111281.55, "trend": 4.010367, "fair_value": 4.391054, "relative_strength": -12.480218, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.333513, "energy": 94.336858, "activity_lines": [ 3.7619, 3.8245, 3.913483, 3.965757 ] }, { "date": "2024-09-20", "close": 3.742, "volume": 2138, "typical_volume": 97144.25, "trend": 4.003, "fair_value": 4.385734, "relative_strength": -10.791687, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.020874, "energy": 83.982417, "activity_lines": [ 3.746733, 3.799618, 3.889117, 3.948443 ] }, { "date": "2024-09-27", "close": 4.4075, "volume": 209070, "typical_volume": 99774.85, "trend": 4.015617, "fair_value": 4.385911, "relative_strength": 2.524381, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -4.016466, "energy": 9.324725, "activity_lines": [ 3.961333, 3.900655, 3.930612, 3.97454 ] }, { "date": "2024-10-04", "close": 5.31, "volume": 55061, "typical_volume": 97496.55, "trend": 4.059533, "fair_value": 4.393363, "relative_strength": 27.538979, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.462205, "energy": 58.741667, "activity_lines": [ 4.435367, 4.158973, 4.057331, 4.058048 ] }, { "date": "2024-10-11", "close": 4.782, "volume": 28090, "typical_volume": 98104.05, "trend": 4.08335, "fair_value": 4.396472, "relative_strength": 12.620088, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 73.755725, "energy": 68.188112, "activity_lines": [ 4.635167, 4.2967, 4.128671, 4.104659 ] }, { "date": "2024-10-18", "close": 4.68, "volume": 237241, "typical_volume": 108903.8, "trend": 4.10535, "fair_value": 4.398722, "relative_strength": 7.602241, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.374014, "energy": 64.709334, "activity_lines": [ 4.734333, 4.400927, 4.18724, 4.143153 ] }, { "date": "2024-10-25", "close": 4.7155, "volume": 35020, "typical_volume": 109792.55, "trend": 4.1279, "fair_value": 4.401217, "relative_strength": 9.946269, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.730953, "energy": 85.098884, "activity_lines": [ 4.778067, 4.497218, 4.246317, 4.182517 ] }, { "date": "2024-11-01", "close": 4.628, "volume": 6824, "typical_volume": 109600.8, "trend": 4.146333, "fair_value": 4.402988, "relative_strength": 8.336261, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.070485, "energy": 58.497786, "activity_lines": [ 4.727733, 4.562064, 4.294105, 4.214782 ] }, { "date": "2024-11-08", "close": 4.745, "volume": 10351, "typical_volume": 109745.6, "trend": 4.170883, "fair_value": 4.40564, "relative_strength": 13.92245, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.892328, "energy": 51.321108, "activity_lines": [ 4.7017, 4.632882, 4.350555, 4.253405 ] }, { "date": "2024-11-15", "close": 4.753, "volume": 17433, "typical_volume": 109970.15, "trend": 4.19215, "fair_value": 4.408312, "relative_strength": 12.813416, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.901487, "energy": 47.121498, "activity_lines": [ 4.716, 4.688636, 4.40436, 4.290961 ] }, { "date": "2024-11-22", "close": 4.67, "volume": 1429, "typical_volume": 80697.15, "trend": 4.213, "fair_value": 4.410309, "relative_strength": 13.083969, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.923508, "energy": 37.92458, "activity_lines": [ 4.704567, 4.711655, 4.446755, 4.32179 ] }, { "date": "2024-11-29", "close": 4.708, "volume": 12312, "typical_volume": 80913.0, "trend": 4.227833, "fair_value": 4.412564, "relative_strength": 14.111331, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.325826, "energy": 36.920522, "activity_lines": [ 4.706467, 4.723418, 4.489319, 4.353726 ] }, { "date": "2024-12-06", "close": 4.7205, "volume": 10295, "typical_volume": 81125.35, "trend": 4.243367, "fair_value": 4.41488, "relative_strength": 9.869313, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.453534, "energy": 34.800301, "activity_lines": [ 4.713033, 4.719891, 4.529762, 4.385511 ] }, { "date": "2024-12-13", "close": 4.705, "volume": 149183, "typical_volume": 80261.95, "trend": 4.25885, "fair_value": 4.417045, "relative_strength": 8.910458, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.796683, "energy": 32.81644, "activity_lines": [ 4.708267, 4.707855, 4.565455, 4.415294 ] }, { "date": "2024-12-20", "close": 4.735, "volume": 51420, "typical_volume": 79511.6, "trend": 4.278683, "fair_value": 4.4194, "relative_strength": 12.968725, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.233038, "energy": 32.165671, "activity_lines": [ 4.716167, 4.712273, 4.600445, 4.446013 ] }, { "date": "2024-12-27", "close": 4.786, "volume": 2641, "typical_volume": 79503.65, "trend": 4.302333, "fair_value": 4.422096, "relative_strength": 12.639889, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.001999, "energy": 36.266211, "activity_lines": [ 4.742267, 4.726818, 4.6366, 4.478743 ] }, { "date": "2025-01-03", "close": 4.5725, "volume": 10551, "typical_volume": 48418.8, "trend": 4.31825, "fair_value": 4.423193, "relative_strength": 7.557998, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.137963, "energy": 28.405563, "activity_lines": [ 4.689467, 4.700618, 4.648148, 4.496173 ] }, { "date": "2025-01-10", "close": 4.513, "volume": 3374, "typical_volume": 46854.6, "trend": 4.331783, "fair_value": 4.423844, "relative_strength": 3.141724, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 38.787853, "energy": 26.976484, "activity_lines": [ 4.625867, 4.6662, 4.65064, 4.508738 ] }, { "date": "2025-01-17", "close": 4.6585, "volume": 7733, "typical_volume": 43348.25, "trend": 4.35275, "fair_value": 4.425532, "relative_strength": 2.912572, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 26.045032, "energy": 21.123768, "activity_lines": [ 4.6246, 4.660327, 4.663531, 4.529816 ] }, { "date": "2025-01-24", "close": 4.644, "volume": 26549, "typical_volume": 44317.9, "trend": 4.37365, "fair_value": 4.427093, "relative_strength": 2.747139, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.80405, "energy": 19.491428, "activity_lines": [ 4.6216, 4.653391, 4.671126, 4.548606 ] }, { "date": "2025-01-31", "close": 4.66, "volume": 224822, "typical_volume": 55076.85, "trend": 4.397467, "fair_value": 4.428745, "relative_strength": 2.153057, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.449794, "energy": 14.67361, "activity_lines": [ 4.63, 4.651345, 4.676143, 4.567081 ] }, { "date": "2025-02-07", "close": 4.676, "volume": 4225, "typical_volume": 55181.2, "trend": 4.419583, "fair_value": 4.430486, "relative_strength": 0.81049, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.342294, "energy": 22.129487, "activity_lines": [ 4.652133, 4.652391, 4.677974, 4.585051 ] }, { "date": "2025-02-14", "close": 4.784, "volume": 4149, "typical_volume": 44935.15, "trend": 4.444617, "fair_value": 4.432958, "relative_strength": 0.591749, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.98386, "energy": 37.892553, "activity_lines": [ 4.703367, 4.673655, 4.685643, 4.608561 ] }, { "date": "2025-02-21", "close": 4.864, "volume": 10859, "typical_volume": 42725.05, "trend": 4.474833, "fair_value": 4.435951, "relative_strength": 1.010756, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.958772, "energy": 63.01542, "activity_lines": [ 4.7632, 4.708309, 4.699138, 4.635618 ] }, { "date": "2025-02-28", "close": 4.7385, "volume": 36767, "typical_volume": 43158.9, "trend": 4.5008, "fair_value": 4.438038, "relative_strength": -2.194935, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.270301, "energy": 53.603061, "activity_lines": [ 4.7675, 4.717255, 4.702805, 4.652629 ] }, { "date": "2025-03-07", "close": 4.6335, "volume": 17402, "typical_volume": 32166.95, "trend": 4.525633, "fair_value": 4.439377, "relative_strength": -4.216467, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.686989, "energy": 33.319312, "activity_lines": [ 4.7305, 4.707045, 4.696679, 4.66119 ] }, { "date": "2025-03-14", "close": 4.7475, "volume": 3538, "typical_volume": 30592.85, "trend": 4.555183, "fair_value": 4.441473, "relative_strength": -2.061952, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.651424, "energy": 33.388123, "activity_lines": [ 4.733267, 4.720336, 4.701631, 4.675504 ] }, { "date": "2025-03-21", "close": 4.622, "volume": 90050, "typical_volume": 34754.15, "trend": 4.583033, "fair_value": 4.442693, "relative_strength": -5.601148, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.372084, "energy": 10.54371, "activity_lines": [ 4.689433, 4.707627, 4.694479, 4.679815 ] }, { "date": "2025-03-28", "close": 4.596, "volume": 158378, "typical_volume": 42155.5, "trend": 4.60835, "fair_value": 4.443721, "relative_strength": -5.447447, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.666159, "energy": 14.918092, "activity_lines": [ 4.647733, 4.688209, 4.684879, 4.680652 ] }, { "date": "2025-04-04", "close": 4.269, "volume": 69976, "typical_volume": 44782.65, "trend": 4.624567, "fair_value": 4.442557, "relative_strength": -1.85881, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -57.869354, "energy": 62.338992, "activity_lines": [ 4.5149, 4.610473, 4.644845, 4.658758 ] }, { "date": "2025-04-11", "close": 4.164, "volume": 61634, "typical_volume": 47792.9, "trend": 4.641, "fair_value": 4.440712, "relative_strength": -2.58014, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -88.744464, "energy": 87.419105, "activity_lines": [ 4.378367, 4.520464, 4.597117, 4.629044 ] }, { "date": "2025-04-18", "close": 4.1715, "volume": 48051, "typical_volume": 49579.85, "trend": 4.655317, "fair_value": 4.438941, "relative_strength": -7.623527, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.905723, "energy": 92.171235, "activity_lines": [ 4.275633, 4.440836, 4.552512, 4.598754 ] }, { "date": "2025-04-25", "close": 4.2305, "volume": 3941, "typical_volume": 49262.15, "trend": 4.649417, "fair_value": 4.437578, "relative_strength": -9.681821, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.31168, "energy": 88.495062, "activity_lines": [ 4.230967, 4.381109, 4.516081, 4.571346 ] }, { "date": "2025-05-02", "close": 4.304, "volume": 50727, "typical_volume": 44339.35, "trend": 4.615883, "fair_value": 4.436711, "relative_strength": -10.262964, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.38668, "energy": 85.420956, "activity_lines": [ 4.2369, 4.344809, 4.488983, 4.549061 ] }, { "date": "2025-05-09", "close": 4.3845, "volume": 7721, "typical_volume": 42154.4, "trend": 4.602633, "fair_value": 4.436374, "relative_strength": -10.847942, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.811018, "energy": 59.011026, "activity_lines": [ 4.289133, 4.333327, 4.471462, 4.534133 ] }, { "date": "2025-05-16", "close": 4.484, "volume": 4982, "typical_volume": 42271.45, "trend": 4.5961, "fair_value": 4.436679, "relative_strength": -11.579429, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.580779, "energy": 35.036388, "activity_lines": [ 4.366833, 4.346373, 4.465086, 4.52648 ] }, { "date": "2025-05-23", "close": 4.4395, "volume": 10051, "typical_volume": 42246.45, "trend": 4.5869, "fair_value": 4.435333, "relative_strength": -9.732527, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.013468, "energy": 25.2751, "activity_lines": [ 4.408367, 4.354045, 4.45591, 4.516376 ] }, { "date": "2025-05-30", "close": 4.36, "volume": 15929, "typical_volume": 42874.2, "trend": 4.577967, "fair_value": 4.432712, "relative_strength": -12.57524, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.872923, "energy": 26.091728, "activity_lines": [ 4.405533, 4.352864, 4.439795, 4.501738 ] }, { "date": "2025-06-06", "close": 4.4, "volume": 22702, "typical_volume": 43622.65, "trend": 4.566467, "fair_value": 4.429994, "relative_strength": -12.760387, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.692249, "energy": 23.060695, "activity_lines": [ 4.4074, 4.363718, 4.428219, 4.490256 ] }, { "date": "2025-06-13", "close": 4.345, "volume": 14138, "typical_volume": 43002.1, "trend": 4.552867, "fair_value": 4.425686, "relative_strength": -11.096299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.425381, "energy": 25.654509, "activity_lines": [ 4.384533, 4.368136, 4.412636, 4.475968 ] }, { "date": "2025-06-20", "close": 4.3615, "volume": 38059, "typical_volume": 33663.95, "trend": 4.542583, "fair_value": 4.420087, "relative_strength": -10.148912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.589663, "energy": 32.169569, "activity_lines": [ 4.3698, 4.374173, 4.400048, 4.463622 ] }, { "date": "2025-06-27", "close": 4.383, "volume": 4920, "typical_volume": 33698.7, "trend": 4.53175, "fair_value": 4.414061, "relative_strength": -10.71607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.771004, "energy": 28.560613, "activity_lines": [ 4.3704, 4.380527, 4.390929, 4.453326 ] }, { "date": "2025-07-04", "close": 4.461, "volume": 745, "typical_volume": 33528.5, "trend": 4.5231, "fair_value": 4.407362, "relative_strength": -8.802312, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.995619, "energy": 17.029762, "activity_lines": [ 4.400767, 4.397218, 4.390633, 4.448761 ] }, { "date": "2025-07-11", "close": 4.53, "volume": 4684, "typical_volume": 33219.75, "trend": 4.517267, "fair_value": 4.401593, "relative_strength": -8.402565, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.493729, "energy": 14.891342, "activity_lines": [ 4.4474, 4.422264, 4.398448, 4.449206 ] }, { "date": "2025-07-18", "close": 4.649, "volume": 41511, "typical_volume": 33456.95, "trend": 4.5144, "fair_value": 4.397734, "relative_strength": -6.504969, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 43.538503, "energy": 58.08117, "activity_lines": [ 4.525033, 4.464836, 4.419186, 4.457705 ] }, { "date": "2025-07-25", "close": 4.6875, "volume": 83658, "typical_volume": 36769.75, "trend": 4.511117, "fair_value": 4.394981, "relative_strength": -6.660683, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.887662, "energy": 73.944121, "activity_lines": [ 4.595233, 4.5096, 4.444017, 4.468873 ] }, { "date": "2025-08-01", "close": 4.67, "volume": 17862, "typical_volume": 37485.95, "trend": 4.514367, "fair_value": 4.392462, "relative_strength": -5.086427, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.257828, "energy": 73.381497, "activity_lines": [ 4.637867, 4.547482, 4.466924, 4.479124 ] }, { "date": "2025-08-08", "close": 4.696, "volume": 23632, "typical_volume": 34165.05, "trend": 4.520467, "fair_value": 4.390109, "relative_strength": -8.275999, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.597915, "energy": 77.944374, "activity_lines": [ 4.670033, 4.5859, 4.492676, 4.490842 ] }, { "date": "2025-08-15", "close": 4.765, "volume": 38488, "typical_volume": 28170.55, "trend": 4.524017, "fair_value": 4.387346, "relative_strength": -9.102666, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.419098, "energy": 83.10194, "activity_lines": [ 4.709533, 4.630755, 4.524648, 4.506618 ] }, { "date": "2025-08-22", "close": 5.027, "volume": 12540, "typical_volume": 25298.75, "trend": 4.536783, "fair_value": 4.386263, "relative_strength": -5.609579, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 96.970794, "energy": 97.235582, "activity_lines": [ 4.8207, 4.716609, 4.580767, 4.539069 ] }, { "date": "2025-08-29", "close": 5.203, "volume": 42743, "typical_volume": 24354.2, "trend": 4.554883, "fair_value": 4.387128, "relative_strength": 0.091316, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.881107, "energy": 98.802125, "activity_lines": [ 4.965333, 4.822064, 4.650038, 4.582051 ] }, { "date": "2025-09-05", "close": 5.136, "volume": 8459, "typical_volume": 22374.6, "trend": 4.570217, "fair_value": 4.387564, "relative_strength": 0.045349, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.283744, "energy": 94.590515, "activity_lines": [ 5.053267, 4.900036, 4.707981, 4.619542 ] }, { "date": "2025-09-12", "close": 5.262, "volume": 245990, "typical_volume": 34477.05, "trend": 4.58615, "fair_value": 4.388808, "relative_strength": -0.029342, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.089673, "energy": 95.616844, "activity_lines": [ 5.152133, 4.987227, 4.773331, 4.664173 ] }, { "date": "2025-09-19", "close": 5.252, "volume": 240732, "typical_volume": 43977.3, "trend": 4.599083, "fair_value": 4.389987, "relative_strength": 0.172604, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.512472, "energy": 91.600439, "activity_lines": [ 5.209933, 5.058036, 4.832817, 4.707131 ] }, { "date": "2025-09-26", "close": 5.295, "volume": 29740, "typical_volume": 45078.25, "trend": 4.617633, "fair_value": 4.393016, "relative_strength": 0.244676, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.900247, "energy": 84.778786, "activity_lines": [ 5.2496, 5.123536, 4.891883, 4.752029 ] }, { "date": "2025-10-03", "close": 5.419, "volume": 51772, "typical_volume": 47417.75, "trend": 4.643817, "fair_value": 4.39684, "relative_strength": 1.658386, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.278856, "energy": 74.893327, "activity_lines": [ 5.312733, 5.199836, 4.958424, 4.80373 ] }, { "date": "2025-10-10", "close": 5.251, "volume": 7631, "typical_volume": 47296.75, "trend": 4.6606, "fair_value": 4.399587, "relative_strength": 1.571356, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.927698, "energy": 67.331385, "activity_lines": [ 5.305467, 5.232291, 5.004512, 4.842903 ] }, { "date": "2025-10-17", "close": 5.293, "volume": 19345, "typical_volume": 47467.55, "trend": 4.682967, "fair_value": 4.402603, "relative_strength": 3.194641, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.019101, "energy": 65.564324, "activity_lines": [ 5.304533, 5.261818, 5.050736, 4.883703 ] }, { "date": "2025-10-24", "close": 6.3784, "volume": 606, "typical_volume": 46362.75, "trend": 4.74238, "fair_value": 4.412576, "relative_strength": 21.944948, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.309198, "energy": 77.420835, "activity_lines": [ 5.663333, 5.477836, 5.195888, 4.993086 ] }, { "date": "2025-10-31", "close": 5.521, "volume": 8241, "typical_volume": 46067.9, "trend": 4.784113, "fair_value": 4.417054, "relative_strength": 3.961579, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.953426, "energy": 63.944451, "activity_lines": [ 5.66124, 5.508629, 5.249962, 5.04332 ] }, { "date": "2025-11-07", "close": 5.52, "volume": 1098, "typical_volume": 44219.85, "trend": 4.829313, "fair_value": 4.424448, "relative_strength": 4.756745, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.271443, "energy": 60.859995, "activity_lines": [ 5.643747, 5.530258, 5.298341, 5.090796 ] }, { "date": "2025-11-14", "close": 5.485, "volume": 5478, "typical_volume": 44247.75, "trend": 4.873097, "fair_value": 4.430487, "relative_strength": 1.772862, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.298111, "energy": 57.288656, "activity_lines": [ 5.607853, 5.53976, 5.33787, 5.133098 ] }, { "date": "2025-11-21", "close": 5.309, "volume": 13743, "typical_volume": 44897.65, "trend": 4.909047, "fair_value": 4.435397, "relative_strength": 1.824602, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.531002, "energy": 31.769009, "activity_lines": [ 5.497693, 5.510916, 5.35539, 5.161221 ] }, { "date": "2025-11-28", "close": 5.417, "volume": 20214, "typical_volume": 45674.15, "trend": 4.946147, "fair_value": 4.440999, "relative_strength": 2.487889, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.480953, "energy": 24.60289, "activity_lines": [ 5.422467, 5.500855, 5.379157, 5.193992 ] }, { "date": "2025-12-05", "close": 5.461, "volume": 1441, "typical_volume": 43670.65, "trend": 4.98203, "fair_value": 4.446083, "relative_strength": 3.304282, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.531605, "energy": 21.88067, "activity_lines": [ 5.426, 5.495793, 5.402891, 5.227209 ] }, { "date": "2025-12-12", "close": 5.422, "volume": 156563, "typical_volume": 47315.9, "trend": 5.013297, "fair_value": 4.451612, "relative_strength": 2.541717, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.699916, "energy": 20.932007, "activity_lines": [ 5.420533, 5.480622, 5.419044, 5.255594 ] }, { "date": "2025-12-19", "close": 5.48, "volume": 10757, "typical_volume": 46960.65, "trend": 5.04798, "fair_value": 4.457512, "relative_strength": 1.042634, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.753166, "energy": 22.866482, "activity_lines": [ 5.440933, 5.475942, 5.437223, 5.285704 ] }, { "date": "2025-12-26", "close": 5.509, "volume": 1539, "typical_volume": 45856.0, "trend": 5.08628, "fair_value": 4.463599, "relative_strength": 2.19043, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.267787, "energy": 26.831237, "activity_lines": [ 5.471333, 5.472371, 5.454307, 5.315447 ] }, { "date": "2026-01-02", "close": 5.638, "volume": 2369, "typical_volume": 44050.05, "trend": 5.127547, "fair_value": 4.470512, "relative_strength": 2.974819, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.690037, "energy": 36.46136, "activity_lines": [ 5.5314, 5.488327, 5.479805, 5.351042 ] }, { "date": "2026-01-09", "close": 5.814, "volume": 6849, "typical_volume": 43765.5, "trend": 5.176513, "fair_value": 4.477137, "relative_strength": 5.412302, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.0304, "energy": 50.308101, "activity_lines": [ 5.6354, 5.549745, 5.517908, 5.395329 ] }, { "date": "2026-01-16", "close": 5.802, "volume": 4765, "typical_volume": 41866.6, "trend": 5.22453, "fair_value": 4.482781, "relative_strength": 5.038248, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.299758, "energy": 64.673978, "activity_lines": [ 5.711867, 5.603655, 5.55112, 5.435683 ] }, { "date": "2026-01-23", "close": 5.721, "volume": 20489, "typical_volume": 42468.1, "trend": 5.26913, "fair_value": 4.487192, "relative_strength": 5.819507, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.723871, "energy": 76.953955, "activity_lines": [ 5.736, 5.637709, 5.573766, 5.467714 ] }, { "date": "2026-01-30", "close": 5.672, "volume": 30508, "typical_volume": 31694.0, "trend": 5.309497, "fair_value": 4.492467, "relative_strength": 3.364081, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.698436, "energy": 84.591227, "activity_lines": [ 5.727733, 5.658564, 5.588959, 5.493705 ] }, { "date": "2026-02-06", "close": 5.705, "volume": 41124, "typical_volume": 21713.6, "trend": 5.348663, "fair_value": 4.497711, "relative_strength": 3.202481, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.193459, "energy": 74.918447, "activity_lines": [ 5.7196, 5.678818, 5.605343, 5.519222 ] }, { "date": "2026-02-13", "close": 5.695, "volume": 38305, "typical_volume": 22141.85, "trend": 5.38353, "fair_value": 4.503275, "relative_strength": 4.043129, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.519687, "energy": 55.836639, "activity_lines": [ 5.703667, 5.692018, 5.618617, 5.541566 ] }, { "date": "2026-02-20", "close": 5.808, "volume": 2414, "typical_volume": 19673.95, "trend": 5.42088, "fair_value": 4.509563, "relative_strength": 3.755301, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.10483, "energy": 53.426919, "activity_lines": [ 5.733333, 5.721509, 5.640749, 5.568951 ] }, { "date": "2026-02-27", "close": 5.82, "volume": 19042, "typical_volume": 20244.5, "trend": 5.459213, "fair_value": 4.515608, "relative_strength": 2.335243, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.161454, "energy": 56.268322, "activity_lines": [ 5.7666, 5.746164, 5.66217, 5.594701 ] }, { "date": "2026-03-06", "close": 5.832, "volume": 1050, "typical_volume": 19329.75, "trend": 5.49708, "fair_value": 4.52307, "relative_strength": 9.438528, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.851505, "energy": 56.396678, "activity_lines": [ 5.797267, 5.766818, 5.682026, 5.618751 ] }, { "date": "2026-03-13", "close": 6.006, "volume": 556638, "typical_volume": 47131.35, "trend": 5.538447, "fair_value": 4.531583, "relative_strength": 12.057192, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.245202, "energy": 81.500294, "activity_lines": [ 5.875267, 5.813236, 5.715886, 5.651585 ] }, { "date": "2026-03-20", "close": 5.736, "volume": 117167, "typical_volume": 52577.65, "trend": 5.56208, "fair_value": 4.538365, "relative_strength": 10.43485, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.957981, "energy": 49.290005, "activity_lines": [ 5.8432, 5.803873, 5.725805, 5.66433 ] }, { "date": "2026-03-27", "close": 5.693, "volume": 53068, "typical_volume": 55176.15, "trend": 5.578413, "fair_value": 4.544663, "relative_strength": 8.031708, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.325811, "energy": 36.762126, "activity_lines": [ 5.794067, 5.788109, 5.730605, 5.672777 ] }, { "date": "2026-04-03", "close": 5.744, "volume": 18945, "typical_volume": 55849.5, "trend": 5.59868, "fair_value": 4.55123, "relative_strength": 3.589641, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.784041, "energy": 25.690124, "activity_lines": [ 5.7696, 5.7836, 5.739438, 5.68346 ] }, { "date": "2026-04-10", "close": 5.887, "volume": 6245, "typical_volume": 55474.6, "trend": 5.619513, "fair_value": 4.559076, "relative_strength": 1.723565, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.409905, "energy": 23.822961, "activity_lines": [ 5.797867, 5.804673, 5.760657, 5.702061 ] }, { "date": "2026-04-17", "close": 6.027, "volume": 4310, "typical_volume": 54679.4, "trend": 5.645347, "fair_value": 4.568246, "relative_strength": 1.33906, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 73.261232, "energy": 42.32197, "activity_lines": [ 5.869133, 5.847291, 5.792457, 5.728351 ] }, { "date": "2026-04-24", "close": 6.077, "volume": 183817, "typical_volume": 63798.2, "trend": 5.671413, "fair_value": 4.577974, "relative_strength": 4.545239, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.404575, "energy": 68.679116, "activity_lines": [ 5.955667, 5.893145, 5.826114, 5.756199 ] }, { "date": "2026-05-01", "close": 6.162, "volume": 392152, "typical_volume": 75577.65, "trend": 5.69618, "fair_value": 4.588291, "relative_strength": 4.457105, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.520965, "energy": 81.187418, "activity_lines": [ 6.0478, 5.947509, 5.864933, 5.78785 ] }, { "date": "2026-05-08", "close": 6.25, "volume": 156026, "typical_volume": 82841.1, "trend": 5.72948, "fair_value": 4.599307, "relative_strength": 3.453656, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.960513, "energy": 86.887984, "activity_lines": [ 6.138, 6.011436, 5.90861, 5.82358 ] }, { "date": "2026-05-15", "close": 6.338, "volume": 33298, "typical_volume": 84429.05, "trend": 5.764313, "fair_value": 4.611134, "relative_strength": 4.973122, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.24105, "energy": 86.979676, "activity_lines": [ 6.2238, 6.083545, 5.957, 5.86284 ] }, { "date": "2026-05-22", "close": 6.312, "volume": 87060, "typical_volume": 88663.6, "trend": 5.7621, "fair_value": 4.622676, "relative_strength": 3.465288, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.99104, "energy": 83.282704, "activity_lines": [ 6.270867, 6.141727, 5.998967, 5.898174 ] }, { "date": "2026-05-29", "close": 6.437, "volume": 108024, "typical_volume": 93722.35, "trend": 5.792633, "fair_value": 4.635919, "relative_strength": 4.082119, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.370609, "energy": 83.753782, "activity_lines": [ 6.3406, 6.217073, 6.049629, 5.941716 ] }, { "date": "2026-06-05", "close": 6.347, "volume": 354, "typical_volume": 93501.8, "trend": 5.8202, "fair_value": 4.648653, "relative_strength": 2.622208, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.22393, "energy": 66.502931, "activity_lines": [ 6.356333, 6.263309, 6.088752, 5.977482 ] }, { "date": "2026-06-12", "close": 6.314, "volume": 2556, "typical_volume": 92605.15, "trend": 5.847833, "fair_value": 4.660692, "relative_strength": -1.281655, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.215485, "energy": 59.143609, "activity_lines": [ 6.348733, 6.291655, 6.122138, 6.00934 ] }, { "date": "2026-06-19", "close": 6.58, "volume": 2531, "typical_volume": 91206.3, "trend": 5.8902, "fair_value": 4.675647, "relative_strength": 0.038884, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.230023, "energy": 74.391124, "activity_lines": [ 6.425533, 6.358, 6.178033, 6.056576 ] }, { "date": "2026-06-26", "close": 6.571, "volume": 8152, "typical_volume": 89557.7, "trend": 5.928667, "fair_value": 4.690551, "relative_strength": 2.704933, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.191198, "energy": 78.211021, "activity_lines": [ 6.4832, 6.410109, 6.228748, 6.100499 ] }, { "date": "2026-07-03", "close": 6.469, "volume": 1417, "typical_volume": 87713.3, "trend": 5.962267, "fair_value": 4.704897, "relative_strength": -2.013396, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.493472, "energy": 70.122673, "activity_lines": [ 6.4896, 6.433782, 6.265624, 6.135359 ] }, { "date": "2026-07-10", "close": 6.408, "volume": 296861, "typical_volume": 102435.65, "trend": 5.995133, "fair_value": 4.718772, "relative_strength": -2.690383, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.765111, "energy": 61.197351, "activity_lines": [ 6.473533, 6.439236, 6.293005, 6.164116 ] }, { "date": "2026-07-17", "close": 6.044, "volume": 89291, "typical_volume": 105948.1, "trend": 6.013933, "fair_value": 4.730583, "relative_strength": -6.939735, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.142912, "energy": 24.97365, "activity_lines": [ 6.332067, 6.374036, 6.282862, 6.167269 ] }, { "date": "2026-07-24", "close": 6.234, "volume": 79646, "typical_volume": 109877.9, "trend": 6.0381, "fair_value": 4.741711, "relative_strength": -3.943433, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.273391, "energy": 23.90141, "activity_lines": [ 6.271933, 6.347127, 6.289748, 6.181467 ] }, { "date": "2026-07-31", "close": 6.075, "volume": 22124, "typical_volume": 83152.2, "trend": 6.052667, "fair_value": 4.751996, "relative_strength": -7.05221, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.822841, "energy": 20.648789, "activity_lines": [ 6.181867, 6.2932, 6.279576, 6.183847 ] }, { "date": "2026-08-07", "close": 6.285, "volume": 98400, "typical_volume": 82213.85, "trend": 6.068367, "fair_value": 4.765025, "relative_strength": -6.6631, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.419671, "energy": 20.352558, "activity_lines": [ 6.194867, 6.281764, 6.289076, 6.198837 ] } ], "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." } } }