{ "ticker": { "uuid": "91f08b67-1d4a-4655-9f2d-06742506c243", "symbol": "WBLK", "name": "WisdomTree Blockchain UCITS ETF - USD Acc", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 78.182, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -26.112, "architecture_energy": 45.467, "architecture_maturity": 6.74, "architecture_confidence": 80.126, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 37.77, "rotation_up": 14.72, "upward_expansion": 22.74, "deceleration": 52.14, "rotation_down": 67.96, "downward_expansion": 52.4 }, "activity_lines": [ 52.064333, 53.8745, 55.835809, 55.170672 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 51.540001, "trend_reference": 54.785917, "distance_from_trend": -0.059247, "trend_direction": "Weakening", "fair_value": 42.742677, "distance_from_fair_value": 0.205821, "fair_value_direction": "Weakening", "relative_strength": -17.279425, "relative_strength_direction": "Weakening", "price_momentum": 0.021707, "excess_performance": -0.029528, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.059247, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.013814, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.205821, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.28937, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.172794, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.181271, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.021707, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.064073, "read": "Demand-led" } ], "volume": { "latest": 433, "relative_activity": 0.190129, "balance": 1.064073, "dry_up": 1.618951, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.08927, "annualized_volatility": 0.413462, "from_high_reference": -0.332902, "from_low_reference": 0.154311 }, "levels": { "trend_reference": 54.785917, "fair_value_reference": 42.742677, "structural_low": 44.650002, "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": 3, "median_return": 0.181279, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.169167, "regime_survival": 0.333333, "best_return": 0.243641, "worst_return": -0.115461, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.636492, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.61608, "regime_survival": 0.0, "best_return": 0.962311, "worst_return": 0.310672, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.483114, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.414947, "regime_survival": 0.0, "best_return": 0.644808, "worst_return": 0.321419, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.894364, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.768874, "regime_survival": 0.0, "best_return": 0.894364, "worst_return": 0.894364, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-02-21", "tenure": "New", "return": -0.03455, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-03-07", "tenure": "New", "return": -0.03283, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-04-11", "tenure": "Developing", "return": -0.115461, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-23", "tenure": "Developing", "return": 0.356058, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-06-06", "tenure": "New", "return": 0.121604, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-07-11", "tenure": "Developing", "return": 0.148677, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-11-21", "tenure": "Established", "return": -0.101798, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2026-02-13", "tenure": "Developing", "return": -0.157544, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-20", "end": "2026-04-24", "tenure": "Developing", "return": 0.134571, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-05-08", "tenure": "New", "return": 0.051583, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-15", "end": "2026-06-12", "tenure": "Developing", "return": 0.029566, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-19", "end": "2026-07-17", "tenure": "Developing", "return": -0.194503, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-07-31", "tenure": "New", "return": -0.056762, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 19.945499, "volume": 5, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 19.208, "volume": 2678, "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": 20.355, "volume": 153, "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": 19.407, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 19.016001, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 17.42, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 17.403, "volume": 4001, "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": 16.916, "volume": 130, "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": 16.243999, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 16.629, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 17.290001, "volume": 69, "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": 19.259001, "volume": 13, "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": 17.986, "volume": 1206, "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": 18.379999, "volume": 3603, "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": 20.610001, "volume": 1092, "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": 21.695, "volume": 6356, "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": "2023-12-08", "close": 27.0275, "volume": 5074, "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": "2023-12-15", "close": 28.1625, "volume": 31, "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": "2023-12-22", "close": 31.875, "volume": 4, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 35.174999, "volume": 21, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 29.012501, "volume": 572, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 26.254999, "volume": 1362, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 22.530001, "volume": 883, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 24.805, "volume": 220, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 25.129999, "volume": 1194, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 29.215, "volume": 7317, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-16", "close": 35.580002, "volume": 8115, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 31.74, "volume": 2767, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 33.485001, "volume": 7296, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 33.217499, "volume": 1366, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 31.4, "volume": 544, "typical_volume": 2451.8, "trend": 24.080933, "fair_value": 21.552243, "relative_strength": 36.612939, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.661763, "energy": 56.882402, "activity_lines": [ 32.625667, 31.0695, 29.355648, 26.982219 ] }, { "date": "2024-03-22", "close": 34.139999, "volume": 240, "typical_volume": 2463.15, "trend": 24.578667, "fair_value": 21.707647, "relative_strength": 42.742172, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.279995, "energy": 52.641753, "activity_lines": [ 32.9775, 31.943, 30.023552, 27.631191 ] }, { "date": "2024-03-29", "close": 37.02, "volume": 322, "typical_volume": 2418.95, "trend": 25.134167, "fair_value": 21.894383, "relative_strength": 52.028758, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.880767, "energy": 58.994897, "activity_lines": [ 34.385333, 33.196773, 30.894881, 28.433858 ] }, { "date": "2024-04-05", "close": 32.290001, "volume": 748, "typical_volume": 2276.2, "trend": 25.5636, "fair_value": 22.019631, "relative_strength": 31.70392, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.232702, "energy": 47.675074, "activity_lines": [ 33.8645, 33.327091, 31.225095, 28.895525 ] }, { "date": "2024-04-12", "close": 31.030001, "volume": 721, "typical_volume": 2257.65, "trend": 25.964067, "fair_value": 22.126898, "relative_strength": 24.175694, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.450493, "energy": 38.346305, "activity_lines": [ 33.003334, 33.092228, 31.369072, 29.248196 ] }, { "date": "2024-04-19", "close": 29.762501, "volume": 443, "typical_volume": 1962.0, "trend": 26.375483, "fair_value": 22.216728, "relative_strength": 19.502937, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.984382, "energy": 26.597996, "activity_lines": [ 31.865501, 32.519637, 31.342715, 29.493256 ] }, { "date": "2024-04-26", "close": 31.8675, "volume": 243, "typical_volume": 1720.45, "trend": 26.857633, "fair_value": 22.328947, "relative_strength": 22.877569, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.776637, "energy": 21.15948, "activity_lines": [ 31.538501, 32.319819, 31.478417, 29.84758 ] }, { "date": "2024-05-03", "close": 30.1875, "volume": 265, "typical_volume": 1732.15, "trend": 27.300017, "fair_value": 22.419275, "relative_strength": 14.398158, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.19578, "energy": 20.149989, "activity_lines": [ 30.803, 31.882046, 31.431072, 30.06241 ] }, { "date": "2024-05-10", "close": 29.84, "volume": 195, "typical_volume": 1741.7, "trend": 27.753217, "fair_value": 22.503601, "relative_strength": 9.249282, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.387684, "energy": 16.921598, "activity_lines": [ 30.407167, 31.409318, 31.340988, 30.22628 ] }, { "date": "2024-05-17", "close": 31.975, "volume": 3274, "typical_volume": 1904.35, "trend": 28.26475, "fair_value": 22.610021, "relative_strength": 16.235125, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.572591, "energy": 12.449403, "activity_lines": [ 30.886333, 31.391046, 31.463929, 30.498653 ] }, { "date": "2024-05-24", "close": 32.807499, "volume": 1004, "typical_volume": 1925.95, "trend": 28.782, "fair_value": 22.723327, "relative_strength": 19.619936, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.87276, "energy": 17.012971, "activity_lines": [ 31.58, 31.546727, 31.681393, 30.791733 ] }, { "date": "2024-05-31", "close": 31.7425, "volume": 249, "typical_volume": 1870.3, "trend": 29.198117, "fair_value": 22.822439, "relative_strength": 15.406698, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.033858, "energy": 18.49736, "activity_lines": [ 31.715666, 31.483182, 31.779357, 30.982733 ] }, { "date": "2024-06-07", "close": 35.737499, "volume": 1194, "typical_volume": 1885.85, "trend": 29.789833, "fair_value": 22.96282, "relative_strength": 28.927429, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 58.889417, "energy": 49.284419, "activity_lines": [ 33.191333, 32.189591, 32.231667, 31.404629 ] }, { "date": "2024-06-14", "close": 36.615002, "volume": 407, "typical_volume": 1895.2, "trend": 30.397667, "fair_value": 23.109617, "relative_strength": 32.085161, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.844949, "energy": 68.13578, "activity_lines": [ 34.5895, 33.078864, 32.704655, 31.844963 ] }, { "date": "2024-06-21", "close": 36.119999, "volume": 449, "typical_volume": 1857.95, "trend": 30.914667, "fair_value": 23.248026, "relative_strength": 27.683079, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.143741, "energy": 71.625877, "activity_lines": [ 35.371, 33.7995, 33.074262, 32.214145 ] }, { "date": "2024-06-28", "close": 35.887501, "volume": 1177, "typical_volume": 1550.95, "trend": 31.38775, "fair_value": 23.381073, "relative_strength": 26.896295, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.901185, "energy": 72.34841, "activity_lines": [ 35.798667, 34.385318, 33.369393, 32.534973 ] }, { "date": "2024-07-05", "close": 36.669998, "volume": 763, "typical_volume": 1183.35, "trend": 31.709167, "fair_value": 23.519499, "relative_strength": 28.318793, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.570009, "energy": 73.839517, "activity_lines": [ 36.281833, 35.002045, 33.707274, 32.875763 ] }, { "date": "2024-07-12", "close": 36.302502, "volume": 2423, "typical_volume": 1166.15, "trend": 31.9805, "fair_value": 23.651283, "relative_strength": 26.024931, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.048247, "energy": 59.626475, "activity_lines": [ 36.314, 35.464636, 34.004964, 33.172108 ] }, { "date": "2024-07-19", "close": 39.017502, "volume": 920, "typical_volume": 847.35, "trend": 32.218584, "fair_value": 23.808081, "relative_strength": 36.1919, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.956404, "energy": 57.833012, "activity_lines": [ 37.213501, 36.309682, 34.5395, 33.626108 ] }, { "date": "2024-07-26", "close": 37.037498, "volume": 642, "typical_volume": 811.15, "trend": 32.280667, "fair_value": 23.941711, "relative_strength": 26.625294, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.603333, "energy": 45.38828, "activity_lines": [ 37.292833, 36.627864, 34.859119, 33.937005 ] }, { "date": "2024-08-02", "close": 32.044998, "volume": 753, "typical_volume": 821.6, "trend": 32.38175, "fair_value": 24.022744, "relative_strength": 10.692788, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.539036, "energy": 20.473011, "activity_lines": [ 35.646833, 35.946272, 34.685071, 33.921801 ] }, { "date": "2024-08-09", "close": 30.879999, "volume": 581, "typical_volume": 838.65, "trend": 32.535917, "fair_value": 24.090638, "relative_strength": 6.385558, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 9.054943, "energy": 10.253878, "activity_lines": [ 33.868666, 35.066727, 34.397, 33.824914 ] }, { "date": "2024-08-16", "close": 30.940001, "volume": 661, "typical_volume": 855.6, "trend": 32.81625, "fair_value": 24.157788, "relative_strength": 4.20399, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -14.222446, "energy": 23.647069, "activity_lines": [ 32.4965, 34.213773, 34.130167, 33.721952 ] }, { "date": "2024-08-23", "close": 33.037498, "volume": 1861, "typical_volume": 911.25, "trend": 33.090667, "fair_value": 24.243999, "relative_strength": 10.248071, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.459135, "energy": 27.223851, "activity_lines": [ 32.180999, 33.829409, 34.092047, 33.736226 ] }, { "date": "2024-08-30", "close": 31.1, "volume": 898, "typical_volume": 920.1, "trend": 33.289667, "fair_value": 24.309922, "relative_strength": 2.637174, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.788681, "energy": 29.370785, "activity_lines": [ 31.618333, 33.157818, 33.865845, 33.607796 ] }, { "date": "2024-09-06", "close": 28.2575, "volume": 1781, "typical_volume": 987.0, "trend": 33.25775, "fair_value": 24.347518, "relative_strength": -4.953791, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.444273, "energy": 52.6321, "activity_lines": [ 30.504, 32.060681, 33.368595, 33.28314 ] }, { "date": "2024-09-13", "close": 31.6975, "volume": 1170, "typical_volume": 1033.35, "trend": 33.128333, "fair_value": 24.416858, "relative_strength": 4.680022, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.159892, "energy": 34.843169, "activity_lines": [ 30.788833, 31.727727, 33.206131, 33.182478 ] }, { "date": "2024-09-20", "close": 31.674999, "volume": 827, "typical_volume": 1061.45, "trend": 33.126167, "fair_value": 24.484691, "relative_strength": 4.286874, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -54.307276, "energy": 39.522423, "activity_lines": [ 31.011666, 31.48109, 33.042333, 33.088715 ] }, { "date": "2024-09-27", "close": 35.029999, "volume": 1197, "typical_volume": 1111.55, "trend": 33.177667, "fair_value": 24.582332, "relative_strength": 12.942881, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 3.857021, "energy": 8.512657, "activity_lines": [ 32.303833, 31.92859, 33.190976, 33.211543 ] }, { "date": "2024-10-04", "close": 33.380001, "volume": 295, "typical_volume": 962.6, "trend": 33.183083, "fair_value": 24.663045, "relative_strength": 7.164658, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.017426, "energy": 7.804683, "activity_lines": [ 32.913167, 32.148591, 33.157762, 33.224597 ] }, { "date": "2024-10-11", "close": 34.3825, "volume": 1416, "typical_volume": 983.2, "trend": 33.2825, "fair_value": 24.751404, "relative_strength": 9.606355, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.45041, "energy": 15.866947, "activity_lines": [ 33.704667, 32.617363, 33.213333, 33.301978 ] }, { "date": "2024-10-18", "close": 38.035, "volume": 802, "typical_volume": 1010.85, "trend": 33.412333, "fair_value": 24.871076, "relative_strength": 18.352821, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 73.369011, "energy": 47.045806, "activity_lines": [ 35.305333, 33.707727, 33.609262, 33.608591 ] }, { "date": "2024-10-25", "close": 39.564999, "volume": 1736, "typical_volume": 1037.95, "trend": 33.497167, "fair_value": 25.002271, "relative_strength": 23.252977, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.879844, "energy": 75.097076, "activity_lines": [ 36.9935, 34.946182, 34.12094, 34.005537 ] }, { "date": "2024-11-01", "close": 37.817501, "volume": 2448, "typical_volume": 1140.0, "trend": 33.681417, "fair_value": 25.115681, "relative_strength": 17.66131, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.062438, "energy": 73.657953, "activity_lines": [ 37.573167, 35.710091, 34.447964, 34.284269 ] }, { "date": "2024-11-08", "close": 44.119999, "volume": 6904, "typical_volume": 1462.75, "trend": 34.11775, "fair_value": 25.282385, "relative_strength": 37.026345, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.345481, "energy": 90.794877, "activity_lines": [ 40.067833, 37.533, 35.3695, 34.957726 ] }, { "date": "2024-11-15", "close": 46.9725, "volume": 9334, "typical_volume": 1870.6, "trend": 34.691416, "fair_value": 25.470995, "relative_strength": 43.705679, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.63974, "energy": 92.138527, "activity_lines": [ 42.797333, 39.637818, 36.524607, 35.787064 ] }, { "date": "2024-11-22", "close": 49.967499, "volume": 7419, "typical_volume": 2203.4, "trend": 35.29475, "fair_value": 25.682172, "relative_strength": 46.899106, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.663384, "energy": 95.180006, "activity_lines": [ 45.685833, 41.946909, 37.912166, 36.772618 ] }, { "date": "2024-11-29", "close": 53.209999, "volume": 4899, "typical_volume": 2327.2, "trend": 36.062166, "fair_value": 25.917452, "relative_strength": 53.419636, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.972844, "energy": 96.216555, "activity_lines": [ 48.859666, 44.513363, 39.545214, 37.928441 ] }, { "date": "2024-12-06", "close": 55.450001, "volume": 3321, "typical_volume": 2447.25, "trend": 36.915833, "fair_value": 26.167728, "relative_strength": 57.231386, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.371789, "energy": 94.81315, "activity_lines": [ 51.8705, 47.095545, 41.311083, 39.179269 ] }, { "date": "2024-12-13", "close": 52.41, "volume": 3626, "typical_volume": 2596.45, "trend": 37.597, "fair_value": 26.388251, "relative_strength": 47.029868, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.12534, "energy": 86.89993, "activity_lines": [ 52.6925, 48.753727, 42.709178, 40.178892 ] }, { "date": "2024-12-20", "close": 48.197498, "volume": 8052, "typical_volume": 2961.4, "trend": 38.11, "fair_value": 26.569995, "relative_strength": 37.697068, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.399292, "energy": 63.149742, "activity_lines": [ 51.557666, 49.299999, 43.632881, 40.862795 ] }, { "date": "2024-12-27", "close": 46.952499, "volume": 2911, "typical_volume": 3077.9, "trend": 38.617, "fair_value": 26.738445, "relative_strength": 32.354166, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.437637, "energy": 53.577196, "activity_lines": [ 49.926166, 49.368727, 44.361095, 41.433279 ] }, { "date": "2025-01-03", "close": 48.087502, "volume": 2000, "typical_volume": 3144.85, "trend": 39.028666, "fair_value": 26.913438, "relative_strength": 33.110772, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.2114, "energy": 37.533917, "activity_lines": [ 48.874, 49.481682, 45.120869, 42.044279 ] }, { "date": "2025-01-10", "close": 44.967499, "volume": 3710, "typical_volume": 3237.3, "trend": 39.307083, "fair_value": 27.060219, "relative_strength": 23.022981, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.399326, "energy": 24.317362, "activity_lines": [ 47.123333, 48.872409, 45.501845, 42.42743 ] }, { "date": "2025-01-17", "close": 51.974998, "volume": 8596, "typical_volume": 3622.2, "trend": 39.835583, "fair_value": 27.261144, "relative_strength": 36.076887, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.945789, "energy": 29.645131, "activity_lines": [ 48.407333, 49.407227, 46.493392, 43.244715 ] }, { "date": "2025-01-24", "close": 52.299999, "volume": 11151, "typical_volume": 4090.7, "trend": 40.382666, "fair_value": 27.461455, "relative_strength": 35.291367, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.752457, "energy": 34.48001, "activity_lines": [ 49.828666, 49.858317, 47.416488, 44.048871 ] }, { "date": "2025-01-31", "close": 49.5975, "volume": 18912, "typical_volume": 4977.8, "trend": 40.813583, "fair_value": 27.637138, "relative_strength": 24.489012, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.619311, "energy": 34.171067, "activity_lines": [ 50.075666, 49.721181, 47.967714, 44.643376 ] }, { "date": "2025-02-07", "close": 48.334999, "volume": 914, "typical_volume": 4982.15, "trend": 41.214666, "fair_value": 27.800113, "relative_strength": 20.097115, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.472389, "energy": 35.452021, "activity_lines": [ 49.725499, 49.361227, 48.313464, 45.128629 ] }, { "date": "2025-02-14", "close": 49.1875, "volume": 15361, "typical_volume": 5690.35, "trend": 41.553666, "fair_value": 27.967202, "relative_strength": 21.253826, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.476193, "energy": 31.712496, "activity_lines": [ 49.642999, 49.244909, 48.661071, 45.643005 ] }, { "date": "2025-02-21", "close": 46.665001, "volume": 10348, "typical_volume": 6193.0, "trend": 41.874583, "fair_value": 28.112146, "relative_strength": 15.399788, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.590174, "energy": 18.098219, "activity_lines": [ 48.438333, 48.783818, 48.701023, 45.972768 ] }, { "date": "2025-02-28", "close": 38.607498, "volume": 20979, "typical_volume": 7171.15, "trend": 42.093333, "fair_value": 28.19288, "relative_strength": -6.163985, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -11.267294, "energy": 17.903966, "activity_lines": [ 44.901833, 46.962181, 47.910333, 45.761989 ] }, { "date": "2025-03-07", "close": 37.34, "volume": 8714, "typical_volume": 7566.75, "trend": 42.308666, "fair_value": 28.262705, "relative_strength": -7.874305, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.692169, "energy": 42.645198, "activity_lines": [ 41.855666, 45.084454, 46.978809, 45.455322 ] }, { "date": "2025-03-14", "close": 36.3325, "volume": 787, "typical_volume": 7519.3, "trend": 42.488416, "fair_value": 28.32384, "relative_strength": -9.919679, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.369049, "energy": 60.472061, "activity_lines": [ 39.290833, 43.198318, 45.954642, 45.069763 ] }, { "date": "2025-03-21", "close": 36.897499, "volume": 1078, "typical_volume": 7450.8, "trend": 42.617083, "fair_value": 28.388304, "relative_strength": -8.658169, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.94882, "energy": 67.486422, "activity_lines": [ 37.714499, 41.628636, 44.999678, 44.709059 ] }, { "date": "2025-03-28", "close": 34.424999, "volume": 2690, "typical_volume": 7240.1, "trend": 42.727916, "fair_value": 28.433354, "relative_strength": -14.6594, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.601248, "energy": 73.137645, "activity_lines": [ 36.133333, 39.756136, 43.813619, 44.180537 ] }, { "date": "2025-04-04", "close": 30.969999, "volume": 1474, "typical_volume": 6847.1, "trend": 42.818333, "fair_value": 28.452144, "relative_strength": -17.387689, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.636666, "energy": 77.436119, "activity_lines": [ 34.216499, 37.574545, 42.344678, 43.421962 ] }, { "date": "2025-04-11", "close": 32.137501, "volume": 3173, "typical_volume": 6634.8, "trend": 42.833, "fair_value": 28.479242, "relative_strength": -13.351282, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.56036, "energy": 80.791989, "activity_lines": [ 33.198, 35.993045, 41.063131, 42.732876 ] }, { "date": "2025-04-18", "close": 32.599998, "volume": 977, "typical_volume": 6438.7, "trend": 42.863833, "fair_value": 28.50932, "relative_strength": -15.472023, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.284165, "energy": 78.927566, "activity_lines": [ 32.680499, 34.81309, 39.910535, 42.072682 ] }, { "date": "2025-04-25", "close": 37.127499, "volume": 1986, "typical_volume": 6371.95, "trend": 42.93375, "fair_value": 28.571771, "relative_strength": -5.523415, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.563483, "energy": 55.662781, "activity_lines": [ 33.920999, 34.742408, 39.287273, 41.702596 ] }, { "date": "2025-05-02", "close": 38.5425, "volume": 1133, "typical_volume": 6247.3, "trend": 43.105833, "fair_value": 28.643503, "relative_strength": -4.307416, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.911455, "energy": 40.890041, "activity_lines": [ 35.617833, 35.148272, 38.886023, 41.41929 ] }, { "date": "2025-05-09", "close": 39.967499, "volume": 1442, "typical_volume": 5916.8, "trend": 43.291999, "fair_value": 28.724388, "relative_strength": -0.748786, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.254958, "energy": 26.16955, "activity_lines": [ 37.515166, 35.960908, 38.686523, 41.216817 ] }, { "date": "2025-05-16", "close": 43.6675, "volume": 5049, "typical_volume": 6023.7, "trend": 43.47975, "fair_value": 28.830368, "relative_strength": 6.284262, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.603946, "energy": 25.903704, "activity_lines": [ 40.045999, 37.421545, 38.878595, 41.241042 ] }, { "date": "2025-05-23", "close": 44.2075, "volume": 13947, "typical_volume": 6621.05, "trend": 43.6345, "fair_value": 28.938658, "relative_strength": 6.697779, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -6.58744, "energy": 23.734145, "activity_lines": [ 41.988166, 38.865318, 39.137738, 41.287994 ] }, { "date": "2025-05-30", "close": 43.892502, "volume": 1305, "typical_volume": 6500.8, "trend": 43.837, "fair_value": 29.04323, "relative_strength": 4.78544, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.214993, "energy": 26.830205, "activity_lines": [ 43.051501, 40.108636, 39.385357, 41.304639 ] }, { "date": "2025-06-06", "close": 49.23, "volume": 351, "typical_volume": 6088.55, "trend": 44.007333, "fair_value": 29.183416, "relative_strength": 16.078856, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 43.603567, "energy": 46.66816, "activity_lines": [ 45.443, 42.195227, 40.146428, 41.652575 ] }, { "date": "2025-06-13", "close": 47.619999, "volume": 1137, "typical_volume": 5587.85, "trend": 44.028916, "fair_value": 29.310565, "relative_strength": 11.724819, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.440265, "energy": 58.779915, "activity_lines": [ 46.585333, 43.719909, 40.767238, 41.88565 ] }, { "date": "2025-06-20", "close": 48.122501, "volume": 1630, "typical_volume": 4723.75, "trend": 43.967416, "fair_value": 29.439414, "relative_strength": 13.382546, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.690617, "energy": 61.883519, "activity_lines": [ 47.385, 45.033227, 41.45819, 42.149752 ] }, { "date": "2025-06-27", "close": 49.982498, "volume": 1848, "typical_volume": 4770.45, "trend": 43.859833, "fair_value": 29.579162, "relative_strength": 16.84419, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.559621, "energy": 63.551783, "activity_lines": [ 48.507666, 46.394091, 42.333309, 42.537822 ] }, { "date": "2025-07-04", "close": 54.005001, "volume": 573, "typical_volume": 4031.05, "trend": 43.811666, "fair_value": 29.744202, "relative_strength": 25.087188, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 57.004392, "energy": 70.796934, "activity_lines": [ 50.586167, 48.170273, 43.583678, 43.192349 ] }, { "date": "2025-07-11", "close": 54.700001, "volume": 559, "typical_volume": 3541.6, "trend": 43.888, "fair_value": 29.911691, "relative_strength": 24.183095, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.303819, "energy": 88.084156, "activity_lines": [ 52.222167, 49.765955, 44.877298, 43.894822 ] }, { "date": "2025-07-18", "close": 56.73, "volume": 1525, "typical_volume": 2568.9, "trend": 44.172416, "fair_value": 30.090479, "relative_strength": 27.303525, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.412268, "energy": 85.240553, "activity_lines": [ 54.170167, 51.436955, 46.325988, 44.723339 ] }, { "date": "2025-07-25", "close": 55.830002, "volume": 2025, "typical_volume": 2234.45, "trend": 44.468333, "fair_value": 30.26094, "relative_strength": 22.736295, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.337447, "energy": 83.210449, "activity_lines": [ 55.210834, 52.639546, 47.602667, 45.475441 ] }, { "date": "2025-08-01", "close": 51.325001, "volume": 1459, "typical_volume": 2268.05, "trend": 44.57625, "fair_value": 30.399519, "relative_strength": 12.719716, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.746824, "energy": 56.403399, "activity_lines": [ 54.236001, 52.80191, 48.36225, 45.917807 ] }, { "date": "2025-08-08", "close": 52.935001, "volume": 647, "typical_volume": 2246.5, "trend": 44.841833, "fair_value": 30.54681, "relative_strength": 15.010928, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.279871, "energy": 49.73318, "activity_lines": [ 53.708334, 53.127592, 49.203774, 46.457081 ] }, { "date": "2025-08-15", "close": 55.105, "volume": 19519, "typical_volume": 3087.95, "trend": 44.946167, "fair_value": 30.706279, "relative_strength": 18.123986, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.738398, "energy": 46.677463, "activity_lines": [ 53.975334, 53.68341, 50.175596, 47.119221 ] }, { "date": "2025-08-22", "close": 56.595001, "volume": 190, "typical_volume": 3023.75, "trend": 45.089333, "fair_value": 30.873303, "relative_strength": 18.007184, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.116631, "energy": 48.978888, "activity_lines": [ 54.712001, 54.403319, 51.190846, 47.870758 ] }, { "date": "2025-08-29", "close": 56.055, "volume": 96, "typical_volume": 2869.9, "trend": 45.304583, "fair_value": 31.034724, "relative_strength": 17.537866, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.8211, "energy": 50.362985, "activity_lines": [ 55.277667, 54.861864, 52.032643, 48.578221 ] }, { "date": "2025-09-05", "close": 53.529999, "volume": 944, "typical_volume": 2868.25, "trend": 45.47775, "fair_value": 31.194413, "relative_strength": 11.018188, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.624967, "energy": 46.97852, "activity_lines": [ 54.986667, 54.717091, 52.520072, 49.108893 ] }, { "date": "2025-09-12", "close": 59.759998, "volume": 721, "typical_volume": 2805.0, "trend": 45.830167, "fair_value": 31.412779, "relative_strength": 21.770801, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.52499, "energy": 60.393547, "activity_lines": [ 56.625333, 55.640545, 53.501167, 50.030328 ] }, { "date": "2025-09-19", "close": 63.150002, "volume": 1314, "typical_volume": 2814.05, "trend": 46.379667, "fair_value": 31.674654, "relative_strength": 28.207773, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.547297, "energy": 59.764442, "activity_lines": [ 58.939, 57.075727, 54.697346, 51.147737 ] }, { "date": "2025-09-26", "close": 60.25, "volume": 1496, "typical_volume": 2816.75, "trend": 47.101083, "fair_value": 31.905295, "relative_strength": 20.435258, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.322929, "energy": 53.520221, "activity_lines": [ 59.749667, 57.83, 55.500155, 52.042597 ] }, { "date": "2025-10-03", "close": 68.389999, "volume": 9102, "typical_volume": 3019.4, "trend": 48.136083, "fair_value": 32.190439, "relative_strength": 32.233997, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.654392, "energy": 80.824374, "activity_lines": [ 63.03, 60.000273, 56.981619, 53.416075 ] }, { "date": "2025-10-10", "close": 71.595001, "volume": 3377, "typical_volume": 2490.9, "trend": 49.3115, "fair_value": 32.503869, "relative_strength": 37.70159, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.902007, "energy": 86.286287, "activity_lines": [ 66.556334, 62.524909, 58.650595, 54.929554 ] }, { "date": "2025-10-17", "close": 68.434998, "volume": 7420, "typical_volume": 2796.65, "trend": 50.36275, "fair_value": 32.806465, "relative_strength": 31.382805, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.238608, "energy": 79.136959, "activity_lines": [ 67.825, 64.106454, 59.888202, 56.163328 ] }, { "date": "2025-10-24", "close": 72.269203, "volume": 2017, "typical_volume": 2879.95, "trend": 51.624223, "fair_value": 33.116956, "relative_strength": 33.316669, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.618281, "energy": 83.266928, "activity_lines": [ 69.793401, 66.103309, 61.374103, 57.576648 ] }, { "date": "2025-10-31", "close": 69.504997, "volume": 1363, "typical_volume": 2891.25, "trend": 52.908723, "fair_value": 33.419617, "relative_strength": 26.179924, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.98076, "energy": 64.32978, "activity_lines": [ 70.232453, 67.285505, 62.487035, 58.730246 ] }, { "date": "2025-11-07", "close": 62.619999, "volume": 684, "typical_volume": 2843.95, "trend": 53.924807, "fair_value": 33.694899, "relative_strength": 13.70185, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.96812, "energy": 46.466396, "activity_lines": [ 67.759506, 66.981156, 62.840038, 59.35678 ] }, { "date": "2025-11-14", "close": 57.195, "volume": 2192, "typical_volume": 2861.15, "trend": 54.74464, "fair_value": 33.946008, "relative_strength": 3.656975, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.684006, "energy": 21.920653, "activity_lines": [ 63.862893, 65.57108, 62.60734, 59.56776 ] }, { "date": "2025-11-21", "close": 50.955002, "volume": 3411, "typical_volume": 3003.05, "trend": 55.205557, "fair_value": 34.158969, "relative_strength": -5.891046, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 2.13024, "energy": 16.500566, "activity_lines": [ 58.84628, 62.959822, 61.746011, 59.323267 ] }, { "date": "2025-11-28", "close": 60.744999, "volume": 19726, "typical_volume": 3961.4, "trend": 55.94564, "fair_value": 34.432572, "relative_strength": 10.167429, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.069346, "energy": 24.253171, "activity_lines": [ 58.258333, 62.288654, 61.831586, 59.680651 ] }, { "date": "2025-12-05", "close": 59.41, "volume": 769, "typical_volume": 3923.6, "trend": 56.593723, "fair_value": 34.708194, "relative_strength": 8.536911, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.697116, "energy": 19.278539, "activity_lines": [ 57.993667, 61.418487, 61.761232, 59.904158 ] }, { "date": "2025-12-12", "close": 59.0, "volume": 3021, "typical_volume": 3973.4, "trend": 57.104807, "fair_value": 34.992982, "relative_strength": 8.062211, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.476988, "energy": 15.968581, "activity_lines": [ 58.265333, 60.489047, 61.639069, 60.059401 ] }, { "date": "2025-12-19", "close": 55.970001, "volume": 7998, "typical_volume": 4300.35, "trend": 57.49689, "fair_value": 35.261341, "relative_strength": 0.044018, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.677049, "energy": 8.936878, "activity_lines": [ 57.768334, 59.179426, 61.21324, 59.986188 ] }, { "date": "2025-12-26", "close": 56.334999, "volume": 696, "typical_volume": 4302.8, "trend": 57.91164, "fair_value": 35.534322, "relative_strength": 0.987335, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.848431, "energy": 14.89205, "activity_lines": [ 57.474667, 58.220258, 60.800053, 59.911227 ] }, { "date": "2026-01-02", "close": 55.465, "volume": 659, "typical_volume": 3359.8, "trend": 58.119473, "fair_value": 35.798456, "relative_strength": -1.283708, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.101719, "energy": 21.159864, "activity_lines": [ 56.532333, 57.322909, 60.287819, 59.75338 ] }, { "date": "2026-01-09", "close": 60.09, "volume": 913, "typical_volume": 3395.95, "trend": 58.53514, "fair_value": 36.065277, "relative_strength": 4.942332, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.840348, "energy": 13.629977, "activity_lines": [ 57.483667, 57.572, 60.214347, 59.88051 ] }, { "date": "2026-01-16", "close": 63.575001, "volume": 940, "typical_volume": 3438.15, "trend": 59.050223, "fair_value": 36.351508, "relative_strength": 9.790297, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.761858, "energy": 8.616727, "activity_lines": [ 59.551334, 58.625909, 60.456136, 60.205663 ] }, { "date": "2026-01-23", "close": 60.205002, "volume": 4567, "typical_volume": 3619.3, "trend": 59.390974, "fair_value": 36.60779, "relative_strength": 4.989502, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.33876, "energy": 8.469704, "activity_lines": [ 60.190668, 59.049728, 60.341164, 60.280164 ] }, { "date": "2026-01-30", "close": 56.59, "volume": 193, "typical_volume": 3592.9, "trend": 59.47714, "fair_value": 36.8192, "relative_strength": -2.026888, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.688948, "energy": 11.420142, "activity_lines": [ 59.342667, 58.761546, 59.85012, 60.099456 ] }, { "date": "2026-02-06", "close": 50.445, "volume": 704, "typical_volume": 3562.4, "trend": 59.335307, "fair_value": 37.021059, "relative_strength": -13.694798, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.557376, "energy": 28.56327, "activity_lines": [ 56.429334, 57.253637, 58.788934, 59.516738 ] }, { "date": "2026-02-13", "close": 51.174999, "volume": 2083, "typical_volume": 3591.75, "trend": 59.15014, "fair_value": 37.219697, "relative_strength": -12.869708, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -68.288258, "energy": 65.022574, "activity_lines": [ 54.094, 56.065727, 57.857771, 58.990266 ] }, { "date": "2026-02-20", "close": 49.564999, "volume": 46, "typical_volume": 3138.95, "trend": 58.941307, "fair_value": 37.416113, "relative_strength": -17.29755, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.192684, "energy": 77.466305, "activity_lines": [ 51.816333, 54.734818, 56.816489, 58.37187 ] }, { "date": "2026-02-27", "close": 49.5425, "volume": 1133, "typical_volume": 3026.75, "trend": 58.88189, "fair_value": 37.62211, "relative_strength": -19.073917, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.817765, "energy": 81.588321, "activity_lines": [ 50.465166, 53.571364, 55.862707, 57.765495 ] }, { "date": "2026-03-06", "close": 50.375, "volume": 240, "typical_volume": 2667.75, "trend": 58.796557, "fair_value": 37.847367, "relative_strength": -12.885179, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.873018, "energy": 76.982994, "activity_lines": [ 50.102333, 52.676136, 55.093222, 57.216664 ] }, { "date": "2026-03-13", "close": 50.805, "volume": 117, "typical_volume": 2572.75, "trend": 58.653223, "fair_value": 38.067386, "relative_strength": -12.162509, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.045904, "energy": 68.013861, "activity_lines": [ 50.297166, 51.967454, 54.45069, 56.70108 ] }, { "date": "2026-03-20", "close": 50.182499, "volume": 790, "typical_volume": 2544.1, "trend": 58.439473, "fair_value": 38.286594, "relative_strength": -10.481214, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.111767, "energy": 48.772265, "activity_lines": [ 50.2605, 51.230318, 53.851083, 56.154581 ] }, { "date": "2026-03-27", "close": 45.647499, "volume": 4470, "typical_volume": 2733.4, "trend": 58.092557, "fair_value": 38.469181, "relative_strength": -19.138348, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.800704, "energy": 54.236659, "activity_lines": [ 48.778333, 49.848772, 52.911583, 55.329293 ] }, { "date": "2026-04-03", "close": 46.477501, "volume": 2924, "typical_volume": 2770.0, "trend": 57.857473, "fair_value": 38.66021, "relative_strength": -21.529366, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.217941, "energy": 52.544016, "activity_lines": [ 47.834, 48.944091, 52.131952, 54.579934 ] }, { "date": "2026-04-10", "close": 50.744999, "volume": 348, "typical_volume": 2616.85, "trend": 57.556973, "fair_value": 38.85862, "relative_strength": -15.865736, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.295241, "energy": 45.190143, "activity_lines": [ 48.5165, 49.064909, 51.809786, 54.121065 ] }, { "date": "2026-04-17", "close": 57.48, "volume": 5043, "typical_volume": 1882.7, "trend": 57.367973, "fair_value": 39.112049, "relative_strength": -5.760222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.306952, "energy": 19.673951, "activity_lines": [ 51.419333, 50.516545, 52.130047, 54.116099 ] }, { "date": "2026-04-24", "close": 56.235001, "volume": 3184, "typical_volume": 2003.45, "trend": 57.23414, "fair_value": 39.358742, "relative_strength": -5.558267, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.101347, "energy": 17.190697, "activity_lines": [ 53.462167, 51.613909, 52.347286, 54.043004 ] }, { "date": "2026-05-01", "close": 56.705002, "volume": 4587, "typical_volume": 2081.75, "trend": 56.84464, "fair_value": 39.608088, "relative_strength": -4.944039, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.007533, "energy": 19.695896, "activity_lines": [ 55.258168, 52.704728, 52.624405, 54.008866 ] }, { "date": "2026-05-08", "close": 59.630001, "volume": 799, "typical_volume": 1721.8, "trend": 56.445807, "fair_value": 39.88121, "relative_strength": 0.847664, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.387925, "energy": 38.548818, "activity_lines": [ 57.292001, 54.197546, 53.191024, 54.188567 ] }, { "date": "2026-05-15", "close": 59.189999, "volume": 170, "typical_volume": 1695.5, "trend": 56.13764, "fair_value": 40.145184, "relative_strength": 0.214384, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.770279, "energy": 50.072494, "activity_lines": [ 58.302334, 55.426955, 53.69831, 54.365611 ] }, { "date": "2026-05-22", "close": 60.744999, "volume": 5187, "typical_volume": 1921.9, "trend": 55.7535, "fair_value": 40.419081, "relative_strength": -0.058041, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.778984, "energy": 56.415434, "activity_lines": [ 59.268, 56.778818, 54.340095, 54.66286 ] }, { "date": "2026-05-29", "close": 63.5, "volume": 888, "typical_volume": 1920.65, "trend": 55.553333, "fair_value": 40.705761, "relative_strength": 4.666601, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.033982, "energy": 66.621172, "activity_lines": [ 60.934333, 58.450864, 55.219119, 55.162634 ] }, { "date": "2026-06-05", "close": 56.73, "volume": 1608, "typical_volume": 1954.05, "trend": 55.357, "fair_value": 40.955267, "relative_strength": -6.090172, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.761628, "energy": 38.659083, "activity_lines": [ 59.859666, 58.649864, 55.437143, 55.238548 ] }, { "date": "2026-06-12", "close": 60.939999, "volume": 1, "typical_volume": 1725.75, "trend": 55.481833, "fair_value": 41.229793, "relative_strength": -0.263587, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 64.406124, "energy": 45.028546, "activity_lines": [ 60.186666, 59.412818, 56.088714, 55.598742 ] }, { "date": "2026-06-19", "close": 62.119999, "volume": 6, "typical_volume": 1716.4, "trend": 55.854, "fair_value": 41.496492, "relative_strength": 2.558699, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.559765, "energy": 46.63492, "activity_lines": [ 60.819666, 60.127363, 56.849166, 56.027011 ] }, { "date": "2026-06-26", "close": 57.700001, "volume": 7, "typical_volume": 1681.55, "trend": 55.7525, "fair_value": 41.729456, "relative_strength": -5.991801, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.07943, "energy": 28.470392, "activity_lines": [ 59.784, 59.831454, 57.162333, 56.146107 ] }, { "date": "2026-07-03", "close": 55.0, "volume": 229, "typical_volume": 1588.85, "trend": 55.6055, "fair_value": 41.920802, "relative_strength": -11.542987, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.781268, "energy": 18.990417, "activity_lines": [ 58.051333, 59.040636, 57.183809, 56.097559 ] }, { "date": "2026-07-10", "close": 55.080002, "volume": 1349, "typical_volume": 1654.0, "trend": 55.474833, "fair_value": 42.08162, "relative_strength": -9.621038, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.225963, "energy": 17.370292, "activity_lines": [ 56.912001, 58.286818, 57.194691, 56.063656 ] }, { "date": "2026-07-17", "close": 50.037498, "volume": 9483, "typical_volume": 2071.5, "trend": 55.277083, "fair_value": 42.224472, "relative_strength": -18.263587, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -32.532397, "energy": 32.867877, "activity_lines": [ 54.201833, 56.645727, 56.699071, 55.71286 ] }, { "date": "2026-07-24", "close": 54.349998, "volume": 4608, "typical_volume": 2289.9, "trend": 55.210917, "fair_value": 42.397004, "relative_strength": -12.031803, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.514802, "energy": 27.331745, "activity_lines": [ 53.655999, 55.963136, 56.611809, 55.653048 ] }, { "date": "2026-07-31", "close": 51.264999, "volume": 224, "typical_volume": 2295.25, "trend": 55.070917, "fair_value": 42.563815, "relative_strength": -17.773029, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.081442, "energy": 36.866523, "activity_lines": [ 52.599832, 54.807636, 56.211809, 55.398473 ] }, { "date": "2026-08-07", "close": 51.540001, "volume": 433, "typical_volume": 2277.4, "trend": 54.785917, "fair_value": 42.742677, "relative_strength": -17.279425, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.112208, "energy": 45.466847, "activity_lines": [ 52.064333, 53.8745, 55.835809, 55.170672 ] } ], "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." } } }