{ "ticker": { "uuid": "925b6f46-b815-45c5-b533-6c16ffc87f26", "symbol": "ENI", "name": "Eni S.p.A.", "exchange": "MIL", "country": "IT", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 95.871, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 47.22, "architecture_energy": 39.733, "architecture_maturity": 33.643, "architecture_confidence": 61.407, "architecture_tenure": "Developing", "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": 30.46, "rotation_up": 66.75, "upward_expansion": 68.39, "deceleration": 62.67, "rotation_down": 11.96, "downward_expansion": 14.06 }, "activity_lines": [ 22.984334, 22.277455, 22.403688, 22.199112 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 23.280001, "trend_reference": 21.328876, "distance_from_trend": 0.091478, "trend_direction": "Improving", "fair_value": 14.615874, "distance_from_fair_value": 0.592789, "fair_value_direction": "Weakening", "relative_strength": 7.972279, "relative_strength_direction": "Weakening", "price_momentum": 0.334929, "excess_performance": 0.164038, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.091478, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.113022, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.592789, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.054, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.079723, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.139317, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.334929, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.892349, "read": "Demand-led" } ], "volume": { "latest": 41436613, "relative_activity": 0.944994, "balance": 1.892349, "dry_up": 1.089761, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.05426, "annualized_volatility": 0.328207, "from_high_reference": -0.058551, "from_low_reference": 0.698376 }, "levels": { "trend_reference": 21.328876, "fair_value_reference": 14.615874, "structural_low": 17.239688, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": 0.061782, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": 0.009131, "regime_survival": 0.166667, "best_return": 0.13579, "worst_return": -0.021605, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.018486, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.04012, "regime_survival": 0.0, "best_return": 0.067999, "worst_return": -0.060459, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.027253, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.163577, "regime_survival": 0.0, "best_return": 0.119365, "worst_return": -0.018223, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.209145, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.114745, "regime_survival": 0.0, "best_return": 0.233967, "worst_return": 0.184323, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-22", "end": "2024-01-19", "tenure": "Developing", "return": -0.054814, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-26", "end": "2024-02-09", "tenure": "New", "return": -0.031309, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-02-16", "end": "2024-03-15", "tenure": "Developing", "return": 0.024869, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-22", "end": "2024-04-05", "tenure": "New", "return": 0.080396, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-04-12", "end": "2024-05-17", "tenure": "Developing", "return": -0.057343, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-24", "end": "2024-12-13", "tenure": "Extended", "return": -0.042183, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-20", "end": "2025-02-14", "tenure": "Developing", "return": 0.10327, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-21", "end": "2025-03-07", "tenure": "New", "return": -0.030511, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.031711, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-16", "tenure": "Developing", "return": 0.164725, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-06-06", "tenure": "New", "return": 0.046566, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-06-20", "tenure": "New", "return": 0.021711, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-27", "end": "2026-06-19", "tenure": "Extended", "return": 0.655898, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.15162, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 11.581073, "volume": 32784272, "typical_volume": 53646239.35, "trend": 10.944928, "fair_value": 8.777291, "relative_strength": 0.407158, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.096888, "energy": 67.960998, "activity_lines": [ 11.469945, 11.274904, 11.097295, 11.001409 ] }, { "date": "2023-08-25", "close": 11.680098, "volume": 40881260, "typical_volume": 53203408.9, "trend": 10.954557, "fair_value": 8.81703, "relative_strength": -0.248499, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.927224, "energy": 69.864303, "activity_lines": [ 11.561598, 11.379961, 11.158291, 11.04884 ] }, { "date": "2023-09-01", "close": 11.996982, "volume": 53831327, "typical_volume": 53999065.95, "trend": 10.986652, "fair_value": 8.860199, "relative_strength": 0.903129, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.358499, "energy": 79.919851, "activity_lines": [ 11.730602, 11.524989, 11.246183, 11.116093 ] }, { "date": "2023-09-08", "close": 12.211538, "volume": 57240249, "typical_volume": 54609922.85, "trend": 11.001828, "fair_value": 8.904947, "relative_strength": 4.101038, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.667707, "energy": 84.727928, "activity_lines": [ 11.922712, 11.68289, 11.35073, 11.195118 ] }, { "date": "2023-09-15", "close": 12.655504, "volume": 75001578, "typical_volume": 55839395.75, "trend": 11.043759, "fair_value": 8.953471, "relative_strength": 5.220869, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.135985, "energy": 91.982771, "activity_lines": [ 12.203726, 11.897266, 11.492619, 11.301807 ] }, { "date": "2023-09-22", "close": 12.774547, "volume": 65655039, "typical_volume": 56511710.55, "trend": 11.119094, "fair_value": 9.005356, "relative_strength": 7.174945, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.348633, "energy": 93.24624, "activity_lines": [ 12.453562, 12.099017, 11.638713, 11.41347 ] }, { "date": "2023-09-29", "close": 12.789637, "volume": 54157807, "typical_volume": 56999331.15, "trend": 11.188504, "fair_value": 9.058198, "relative_strength": 8.375539, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.054311, "energy": 90.725398, "activity_lines": [ 12.628863, 12.27269, 11.777867, 11.521247 ] }, { "date": "2023-10-06", "close": 12.273222, "volume": 57374704, "typical_volume": 57758164.5, "trend": 11.240806, "fair_value": 9.106093, "relative_strength": 5.630491, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.912948, "energy": 76.149043, "activity_lines": [ 12.558056, 12.324584, 11.858675, 11.591229 ] }, { "date": "2023-10-13", "close": 12.992514, "volume": 70123107, "typical_volume": 58960125.15, "trend": 11.350772, "fair_value": 9.15994, "relative_strength": 10.040773, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.847236, "energy": 67.872991, "activity_lines": [ 12.708598, 12.489032, 12.001533, 11.704243 ] }, { "date": "2023-10-20", "close": 12.908682, "volume": 53987561, "typical_volume": 57539007.4, "trend": 11.45172, "fair_value": 9.213783, "relative_strength": 12.675722, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.294651, "energy": 63.480714, "activity_lines": [ 12.77913, 12.607925, 12.126377, 11.804753 ] }, { "date": "2023-10-27", "close": 13.002574, "volume": 51983966, "typical_volume": 57207098.35, "trend": 11.535939, "fair_value": 9.270171, "relative_strength": 13.687284, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.077679, "energy": 61.847535, "activity_lines": [ 12.864081, 12.71996, 12.250336, 11.904808 ] }, { "date": "2023-11-03", "close": 12.881854, "volume": 57568537, "typical_volume": 55905818.25, "trend": 11.598978, "fair_value": 9.323403, "relative_strength": 7.292833, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.136796, "energy": 59.061023, "activity_lines": [ 12.893591, 12.784201, 12.351902, 11.991641 ] }, { "date": "2023-11-10", "close": 12.573346, "volume": 50353193, "typical_volume": 55447819.45, "trend": 11.644646, "fair_value": 9.369642, "relative_strength": 5.433868, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.331614, "energy": 51.150572, "activity_lines": [ 12.814116, 12.770499, 12.413743, 12.054504 ] }, { "date": "2023-11-17", "close": 12.585083, "volume": 48018728, "typical_volume": 54831601.35, "trend": 11.691679, "fair_value": 9.413871, "relative_strength": 2.091315, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.705768, "energy": 38.883822, "activity_lines": [ 12.718546, 12.748452, 12.467112, 12.115177 ] }, { "date": "2023-11-24", "close": 12.828577, "volume": 37746548, "typical_volume": 53887856.1, "trend": 11.747369, "fair_value": 9.457611, "relative_strength": 4.420775, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.161977, "energy": 34.070466, "activity_lines": [ 12.731302, 12.763885, 12.535541, 12.188525 ] }, { "date": "2023-12-01", "close": 12.983527, "volume": 53556640, "typical_volume": 53791226.0, "trend": 11.812986, "fair_value": 9.501617, "relative_strength": 4.006585, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.981728, "energy": 34.766759, "activity_lines": [ 12.801049, 12.804344, 12.608929, 12.268277 ] }, { "date": "2023-12-08", "close": 12.779198, "volume": 55701826, "typical_volume": 54285164.0, "trend": 11.876771, "fair_value": 9.544027, "relative_strength": 0.877582, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.779512, "energy": 34.330381, "activity_lines": [ 12.803956, 12.803852, 12.653788, 12.330614 ] }, { "date": "2023-12-15", "close": 12.612327, "volume": 60202058, "typical_volume": 54554296.1, "trend": 11.933262, "fair_value": 9.586206, "relative_strength": -0.254729, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.455673, "energy": 29.817969, "activity_lines": [ 12.758083, 12.77321, 12.675502, 12.378069 ] }, { "date": "2023-12-22", "close": 13.015881, "volume": 40260882, "typical_volume": 53640121.75, "trend": 12.00425, "fair_value": 9.631137, "relative_strength": 3.108063, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.412957, "energy": 37.303005, "activity_lines": [ 12.844129, 12.809776, 12.729262, 12.447915 ] }, { "date": "2023-12-29", "close": 13.066962, "volume": 21161976, "typical_volume": 51879562.9, "trend": 12.078316, "fair_value": 9.676558, "relative_strength": 3.59355, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.44316, "energy": 38.27614, "activity_lines": [ 12.918483, 12.855205, 12.779835, 12.516477 ] }, { "date": "2024-01-05", "close": 13.230428, "volume": 42307875, "typical_volume": 52355743.05, "trend": 12.162177, "fair_value": 9.720864, "relative_strength": 4.599263, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.945781, "energy": 50.485531, "activity_lines": [ 13.031432, 12.927476, 12.838956, 12.590807 ] }, { "date": "2024-01-12", "close": 12.806441, "volume": 52920551, "typical_volume": 52957707.6, "trend": 12.23207, "fair_value": 9.763345, "relative_strength": 1.267289, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.617806, "energy": 42.36201, "activity_lines": [ 12.986593, 12.918517, 12.849844, 12.632373 ] }, { "date": "2024-01-19", "close": 12.302424, "volume": 48878168, "typical_volume": 52710049.65, "trend": 12.290169, "fair_value": 9.803892, "relative_strength": -1.932287, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.557993, "energy": 13.598257, "activity_lines": [ 12.771932, 12.819289, 12.807366, 12.636912 ] }, { "date": "2024-01-26", "close": 12.562948, "volume": 40562323, "typical_volume": 51876153.35, "trend": 12.346335, "fair_value": 9.84696, "relative_strength": -0.088201, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.400957, "energy": 10.505138, "activity_lines": [ 12.664772, 12.772355, 12.788245, 12.65451 ] }, { "date": "2024-02-02", "close": 12.418214, "volume": 52991215, "typical_volume": 50775635.2, "trend": 12.401251, "fair_value": 9.88794, "relative_strength": -2.305791, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.119089, "energy": 16.867787, "activity_lines": [ 12.539563, 12.699508, 12.753667, 12.659148 ] }, { "date": "2024-02-09", "close": 12.169611, "volume": 45434501, "typical_volume": 49764608.3, "trend": 12.437594, "fair_value": 9.926123, "relative_strength": -5.429322, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.898548, "energy": 35.486278, "activity_lines": [ 12.374736, 12.588922, 12.696543, 12.644203 ] }, { "date": "2024-02-16", "close": 12.050419, "volume": 56762593, "typical_volume": 49894847.6, "trend": 12.464076, "fair_value": 9.962112, "relative_strength": -7.922704, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.978801, "energy": 55.122832, "activity_lines": [ 12.2409, 12.471463, 12.630947, 12.619224 ] }, { "date": "2024-02-23", "close": 12.137259, "volume": 42787571, "typical_volume": 49165490.95, "trend": 12.492958, "fair_value": 9.997383, "relative_strength": -9.929704, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.409388, "energy": 59.562659, "activity_lines": [ 12.186412, 12.383044, 12.577142, 12.598139 ] }, { "date": "2024-03-01", "close": 12.198558, "volume": 54470242, "typical_volume": 48382847.7, "trend": 12.522069, "fair_value": 10.030446, "relative_strength": -10.054735, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.049545, "energy": 56.195059, "activity_lines": [ 12.163368, 12.314407, 12.529822, 12.579145 ] }, { "date": "2024-03-08", "close": 12.516973, "volume": 40031718, "typical_volume": 47685055.55, "trend": 12.55288, "fair_value": 10.063953, "relative_strength": -8.93049, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.502205, "energy": 28.791562, "activity_lines": [ 12.270755, 12.318525, 12.516609, 12.578817 ] }, { "date": "2024-03-15", "close": 12.350101, "volume": 90896259, "typical_volume": 49630670.2, "trend": 12.578514, "fair_value": 10.097485, "relative_strength": -11.496086, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -42.039816, "energy": 25.831891, "activity_lines": [ 12.315934, 12.302302, 12.489368, 12.565734 ] }, { "date": "2024-03-22", "close": 12.426284, "volume": 43904514, "typical_volume": 48947469.05, "trend": 12.603387, "fair_value": 10.131245, "relative_strength": -11.916188, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.864892, "energy": 18.677284, "activity_lines": [ 12.374475, 12.315936, 12.47249, 12.555913 ] }, { "date": "2024-03-29", "close": 12.680801, "volume": 28862786, "typical_volume": 47872948.7, "trend": 12.626181, "fair_value": 10.16512, "relative_strength": -11.072923, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.7873, "energy": 17.082617, "activity_lines": [ 12.492797, 12.382758, 12.48202, 12.560907 ] }, { "date": "2024-04-05", "close": 13.425304, "volume": 55353770, "typical_volume": 48239700.8, "trend": 12.66664, "fair_value": 10.205428, "relative_strength": -3.765089, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 37.048699, "energy": 31.299696, "activity_lines": [ 12.82305, 12.578065, 12.561945, 12.612464 ] }, { "date": "2024-04-12", "close": 13.617489, "volume": 51863247, "typical_volume": 48945535.75, "trend": 12.698706, "fair_value": 10.246294, "relative_strength": -1.679649, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.539242, "energy": 59.51502, "activity_lines": [ 13.135582, 12.792635, 12.656171, 12.673809 ] }, { "date": "2024-04-19", "close": 13.208879, "volume": 47965193, "typical_volume": 48665963.4, "trend": 12.713184, "fair_value": 10.285654, "relative_strength": -5.014688, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.009448, "energy": 60.052552, "activity_lines": [ 13.238543, 12.911108, 12.707725, 12.706723 ] }, { "date": "2024-04-26", "close": 13.210611, "volume": 43231759, "typical_volume": 48042460.05, "trend": 12.727216, "fair_value": 10.325796, "relative_strength": -5.795468, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 61.479134, "energy": 71.680185, "activity_lines": [ 13.28483, 13.011, 12.758372, 12.738815 ] }, { "date": "2024-05-03", "close": 12.732742, "volume": 39670104, "typical_volume": 47015862.35, "trend": 12.742534, "fair_value": 10.361126, "relative_strength": -7.421529, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.868083, "energy": 40.011818, "activity_lines": [ 13.119538, 13.002912, 12.761452, 12.739172 ] }, { "date": "2024-05-10", "close": 13.141355, "volume": 35234314, "typical_volume": 46764533.95, "trend": 12.747495, "fair_value": 10.398582, "relative_strength": -7.205585, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 53.543279, "energy": 31.299748, "activity_lines": [ 13.086988, 13.05829, 12.802875, 12.764902 ] }, { "date": "2024-05-17", "close": 12.836626, "volume": 59302819, "typical_volume": 48671576.1, "trend": 12.745093, "fair_value": 10.434739, "relative_strength": -11.114723, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 35.52482, "energy": 17.63772, "activity_lines": [ 12.971792, 13.041121, 12.814678, 12.770652 ] }, { "date": "2024-05-24", "close": 12.648448, "volume": 50232220, "typical_volume": 49067793.35, "trend": 12.733289, "fair_value": 10.46946, "relative_strength": -9.938824, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.939705, "energy": 16.999043, "activity_lines": [ 12.845927, 12.983927, 12.809657, 12.764417 ] }, { "date": "2024-05-31", "close": 12.746934, "volume": 42536518, "typical_volume": 48548591.7, "trend": 12.728792, "fair_value": 10.503499, "relative_strength": -9.10672, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.860111, "energy": 15.778413, "activity_lines": [ 12.790253, 12.939214, 12.816786, 12.765298 ] }, { "date": "2024-06-07", "close": 12.303746, "volume": 57718065, "typical_volume": 48990586.55, "trend": 12.719805, "fair_value": 10.53377, "relative_strength": -12.528805, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.622222, "energy": 18.398253, "activity_lines": [ 12.617761, 12.808092, 12.781991, 12.737875 ] }, { "date": "2024-06-14", "close": 11.878145, "volume": 46323689, "typical_volume": 49278654.85, "trend": 12.69624, "fair_value": 10.562543, "relative_strength": -10.308892, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -45.129343, "energy": 44.155426, "activity_lines": [ 12.332002, 12.606443, 12.706656, 12.683575 ] }, { "date": "2024-06-21", "close": 12.254503, "volume": 65998330, "typical_volume": 49929010.6, "trend": 12.677105, "fair_value": 10.592617, "relative_strength": -9.169185, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.34255, "energy": 51.636221, "activity_lines": [ 12.25591, 12.501353, 12.670425, 12.655075 ] }, { "date": "2024-06-28", "close": 12.622066, "volume": 46428581, "typical_volume": 49978714.6, "trend": 12.665056, "fair_value": 10.625773, "relative_strength": -5.98683, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.432676, "energy": 38.975669, "activity_lines": [ 12.341147, 12.487874, 12.66998, 12.651525 ] }, { "date": "2024-07-05", "close": 12.710004, "volume": 39514496, "typical_volume": 49116309.75, "trend": 12.662749, "fair_value": 10.660953, "relative_strength": -7.594314, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.793644, "energy": 23.157854, "activity_lines": [ 12.457455, 12.501053, 12.675755, 12.654424 ] }, { "date": "2024-07-12", "close": 12.569308, "volume": 35482861, "typical_volume": 48751074.25, "trend": 12.661315, "fair_value": 10.69637, "relative_strength": -10.085718, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.397661, "energy": 5.617443, "activity_lines": [ 12.529327, 12.497754, 12.66499, 12.648396 ] }, { "date": "2024-07-19", "close": 12.381129, "volume": 41675447, "typical_volume": 48111334.5, "trend": 12.640157, "fair_value": 10.731329, "relative_strength": -10.366658, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.438689, "energy": 15.587486, "activity_lines": [ 12.520768, 12.463211, 12.634246, 12.630319 ] }, { "date": "2024-07-26", "close": 12.739899, "volume": 58142034, "typical_volume": 49016850.3, "trend": 12.629255, "fair_value": 10.766958, "relative_strength": -6.643871, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.579831, "energy": 10.061052, "activity_lines": [ 12.598267, 12.507722, 12.636801, 12.636754 ] }, { "date": "2024-08-02", "close": 12.500718, "volume": 62877372, "typical_volume": 47615905.95, "trend": 12.604931, "fair_value": 10.799777, "relative_strength": -3.24036, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.249855, "energy": 3.635752, "activity_lines": [ 12.56368, 12.510503, 12.615515, 12.628462 ] }, { "date": "2024-08-09", "close": 12.576342, "volume": 54116097, "typical_volume": 48126485.1, "trend": 12.597261, "fair_value": 10.832089, "relative_strength": -1.862263, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.513104, "energy": 2.856162, "activity_lines": [ 12.56239, 12.529721, 12.600714, 12.626617 ] }, { "date": "2024-08-16", "close": 12.748693, "volume": 28176880, "typical_volume": 48092189.8, "trend": 12.612137, "fair_value": 10.8676, "relative_strength": -4.164937, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.519148, "energy": 6.346805, "activity_lines": [ 12.627461, 12.583377, 12.601613, 12.636387 ] }, { "date": "2024-08-23", "close": 12.836626, "volume": 33966911, "typical_volume": 47022846.85, "trend": 12.62126, "fair_value": 10.901993, "relative_strength": -5.102567, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.426263, "energy": 12.827499, "activity_lines": [ 12.709884, 12.64493, 12.610564, 12.65087 ] }, { "date": "2024-08-30", "close": 12.903457, "volume": 53993047, "typical_volume": 47129336.85, "trend": 12.637434, "fair_value": 10.936347, "relative_strength": -6.420908, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 26.279164, "energy": 23.882577, "activity_lines": [ 12.784218, 12.701208, 12.628682, 12.669076 ] }, { "date": "2024-09-06", "close": 12.300228, "volume": 57694166, "typical_volume": 47615785.5, "trend": 12.641788, "fair_value": 10.966769, "relative_strength": -7.617186, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.375711, "energy": 4.832634, "activity_lines": [ 12.646572, 12.636009, 12.592751, 12.647321 ] }, { "date": "2024-09-13", "close": 12.317817, "volume": 54084385, "typical_volume": 48158416.8, "trend": 12.650702, "fair_value": 10.995476, "relative_strength": -7.934056, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.292027, "energy": 22.80272, "activity_lines": [ 12.528154, 12.579859, 12.562821, 12.62642 ] }, { "date": "2024-09-20", "close": 12.558755, "volume": 44700489, "typical_volume": 48409936.05, "trend": 12.664751, "fair_value": 11.02372, "relative_strength": -6.33339, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.54448, "energy": 20.84175, "activity_lines": [ 12.507284, 12.574647, 12.560089, 12.620488 ] }, { "date": "2024-09-27", "close": 12.234761, "volume": 76310379, "typical_volume": 50463739.3, "trend": 12.665958, "fair_value": 11.047258, "relative_strength": -10.851518, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.289479, "energy": 39.529599, "activity_lines": [ 12.391079, 12.510719, 12.527329, 12.592746 ] }, { "date": "2024-10-04", "close": 12.820099, "volume": 72105664, "typical_volume": 51103881.55, "trend": 12.676062, "fair_value": 11.07275, "relative_strength": -3.154675, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -21.81528, "energy": 17.096842, "activity_lines": [ 12.510111, 12.555877, 12.554633, 12.602691 ] }, { "date": "2024-10-11", "close": 12.818309, "volume": 52206347, "typical_volume": 51202587.9, "trend": 12.691669, "fair_value": 11.096558, "relative_strength": -4.781453, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -8.770915, "energy": 6.020471, "activity_lines": [ 12.634103, 12.599251, 12.581845, 12.611868 ] }, { "date": "2024-10-18", "close": 12.621407, "volume": 64623387, "typical_volume": 52306931.35, "trend": 12.698173, "fair_value": 11.119725, "relative_strength": -8.119982, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -15.466074, "energy": 9.554728, "activity_lines": [ 12.657923, 12.601051, 12.589495, 12.607335 ] }, { "date": "2024-10-25", "close": 12.913179, "volume": 49692899, "typical_volume": 51905673.05, "trend": 12.705919, "fair_value": 11.143204, "relative_strength": -4.343146, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 27.196965, "energy": 21.775834, "activity_lines": [ 12.758761, 12.655081, 12.625531, 12.621207 ] }, { "date": "2024-11-01", "close": 12.560546, "volume": 69400313, "typical_volume": 53059504.25, "trend": 12.677094, "fair_value": 11.163141, "relative_strength": -6.283047, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.950053, "energy": 14.399086, "activity_lines": [ 12.718426, 12.642005, 12.625081, 12.611828 ] }, { "date": "2024-11-08", "close": 12.467465, "volume": 52367678, "typical_volume": 52377971.65, "trend": 12.63876, "fair_value": 11.183246, "relative_strength": -4.269637, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -13.884022, "energy": 5.852319, "activity_lines": [ 12.625345, 12.617025, 12.612517, 12.598303 ] }, { "date": "2024-11-15", "close": 12.616036, "volume": 60503659, "typical_volume": 53081725.55, "trend": 12.618998, "fair_value": 11.205949, "relative_strength": -3.914599, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.334052, "energy": 0.923058, "activity_lines": [ 12.605296, 12.626985, 12.613088, 12.596837 ] }, { "date": "2024-11-22", "close": 12.679818, "volume": 46633698, "typical_volume": 53437685.65, "trend": 12.601305, "fair_value": 11.23211, "relative_strength": -1.13551, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 1.370445, "energy": 4.155752, "activity_lines": [ 12.619993, 12.642799, 12.619762, 12.600761 ] }, { "date": "2024-11-29", "close": 12.215122, "volume": 55594062, "typical_volume": 54443245.7, "trend": 12.584051, "fair_value": 11.252997, "relative_strength": -4.20227, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -45.331663, "energy": 23.708347, "activity_lines": [ 12.475898, 12.567542, 12.582323, 12.575846 ] }, { "date": "2024-12-06", "close": 12.227879, "volume": 58827166, "typical_volume": 55300831.65, "trend": 12.553602, "fair_value": 11.27303, "relative_strength": -7.467238, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -55.43064, "energy": 41.409111, "activity_lines": [ 12.382592, 12.500852, 12.547786, 12.552867 ] }, { "date": "2024-12-13", "close": 12.114893, "volume": 59762095, "typical_volume": 55381834.7, "trend": 12.529544, "fair_value": 11.293074, "relative_strength": -8.372437, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -59.782288, "energy": 52.42656, "activity_lines": [ 12.273801, 12.413744, 12.503218, 12.524563 ] }, { "date": "2024-12-20", "close": 11.593705, "volume": 93239365, "typical_volume": 56899934.35, "trend": 12.494386, "fair_value": 11.308879, "relative_strength": -9.003385, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.399658, "energy": 70.22703, "activity_lines": [ 12.014786, 12.244697, 12.411989, 12.464186 ] }, { "date": "2024-12-27", "close": 11.803273, "volume": 20410021, "typical_volume": 55214630.55, "trend": 12.462931, "fair_value": 11.326122, "relative_strength": -8.031338, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.576241, "energy": 70.401417, "activity_lines": [ 11.893783, 12.136018, 12.345038, 12.419599 ] }, { "date": "2025-01-03", "close": 12.273438, "volume": 37018746, "typical_volume": 55656723.85, "trend": 12.461921, "fair_value": 11.343655, "relative_strength": -3.90655, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.191636, "energy": 61.804772, "activity_lines": [ 11.987937, 12.127699, 12.326546, 12.407373 ] }, { "date": "2025-01-10", "close": 12.523097, "volume": 56854515, "typical_volume": 56801104.05, "trend": 12.483419, "fair_value": 11.361019, "relative_strength": -4.328216, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.11499, "energy": 30.656257, "activity_lines": [ 12.161424, 12.176405, 12.334094, 12.41132 ] }, { "date": "2025-01-17", "close": 12.840183, "volume": 54748628, "typical_volume": 56838883.1, "trend": 12.502942, "fair_value": 11.380674, "relative_strength": -4.835851, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.971669, "energy": 12.161065, "activity_lines": [ 12.420925, 12.283443, 12.373334, 12.434337 ] }, { "date": "2025-01-24", "close": 12.216944, "volume": 49273642, "typical_volume": 56417856.9, "trend": 12.489438, "fair_value": 11.394097, "relative_strength": -8.92928, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.636751, "energy": 22.535952, "activity_lines": [ 12.424326, 12.270388, 12.353519, 12.415886 ] }, { "date": "2025-01-31", "close": 12.483006, "volume": 45533561, "typical_volume": 55990315.7, "trend": 12.481871, "fair_value": 11.409674, "relative_strength": -7.339205, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.856712, "energy": 20.691941, "activity_lines": [ 12.474866, 12.312965, 12.35944, 12.415471 ] }, { "date": "2025-02-07", "close": 12.630615, "volume": 52581582, "typical_volume": 56384370.35, "trend": 12.483915, "fair_value": 11.425968, "relative_strength": -7.481466, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 15.701068, "energy": 17.761164, "activity_lines": [ 12.529293, 12.385958, 12.378632, 12.425067 ] }, { "date": "2025-02-14", "close": 12.790982, "volume": 53602018, "typical_volume": 55248952.3, "trend": 12.497576, "fair_value": 11.443568, "relative_strength": -8.375952, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 22.188105, "energy": 23.002844, "activity_lines": [ 12.613364, 12.480554, 12.412756, 12.444878 ] }, { "date": "2025-02-21", "close": 12.721732, "volume": 40120945, "typical_volume": 53649716.35, "trend": 12.496971, "fair_value": 11.459241, "relative_strength": -9.733616, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.374592, "energy": 27.483724, "activity_lines": [ 12.656493, 12.552321, 12.437635, 12.459339 ] }, { "date": "2025-02-28", "close": 12.623325, "volume": 88899811, "typical_volume": 55484389.55, "trend": 12.501058, "fair_value": 11.478711, "relative_strength": -10.769025, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 15.217807, "energy": 25.628495, "activity_lines": [ 12.674716, 12.595162, 12.45361, 12.467491 ] }, { "date": "2025-03-07", "close": 12.333574, "volume": 92487212, "typical_volume": 56877580.8, "trend": 12.492965, "fair_value": 11.495453, "relative_strength": -12.42342, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 5.190809, "energy": 8.890497, "activity_lines": [ 12.569263, 12.566601, 12.442919, 12.456686 ] }, { "date": "2025-03-14", "close": 12.499408, "volume": 50400726, "typical_volume": 56912972.15, "trend": 12.484656, "fair_value": 11.514731, "relative_strength": -11.198609, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.767552, "energy": 3.565387, "activity_lines": [ 12.52905, 12.55855, 12.449392, 12.457102 ] }, { "date": "2025-03-21", "close": 13.098956, "volume": 87178524, "typical_volume": 57801882.7, "trend": 12.4934, "fair_value": 11.534333, "relative_strength": -7.719481, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.484208, "energy": 30.375431, "activity_lines": [ 12.697434, 12.655399, 12.514936, 12.496734 ] }, { "date": "2025-03-28", "close": 13.260304, "volume": 55295997, "typical_volume": 57948298.65, "trend": 12.505295, "fair_value": 11.555209, "relative_strength": -5.753877, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.679771, "energy": 48.646224, "activity_lines": [ 12.899069, 12.771114, 12.593281, 12.546212 ] }, { "date": "2025-04-04", "close": 12.103042, "volume": 88617798, "typical_volume": 59354005.6, "trend": 12.498722, "fair_value": 11.566735, "relative_strength": -3.593084, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.449276, "energy": 18.484781, "activity_lines": [ 12.679046, 12.668779, 12.557636, 12.52026 ] }, { "date": "2025-04-11", "close": 10.662025, "volume": 159230994, "typical_volume": 64983870.4, "trend": 12.443529, "fair_value": 11.567197, "relative_strength": -13.106604, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.113169, "energy": 55.107502, "activity_lines": [ 12.013368, 12.306512, 12.387195, 12.401763 ] }, { "date": "2025-04-18", "close": 11.379752, "volume": 66471045, "typical_volume": 65527719.55, "trend": 12.404229, "fair_value": 11.575224, "relative_strength": -11.945456, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.795851, "energy": 64.869194, "activity_lines": [ 11.69837, 12.107849, 12.294716, 12.333132 ] }, { "date": "2025-04-25", "close": 11.830418, "volume": 47073743, "typical_volume": 64940048.4, "trend": 12.390751, "fair_value": 11.587049, "relative_strength": -11.484555, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.286201, "energy": 61.355232, "activity_lines": [ 11.608237, 12.013869, 12.249136, 12.296112 ] }, { "date": "2025-05-02", "close": 11.735832, "volume": 54892415, "typical_volume": 64696564.4, "trend": 12.354609, "fair_value": 11.597244, "relative_strength": -14.103058, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.61735, "energy": 68.183084, "activity_lines": [ 11.571145, 11.920156, 12.196441, 12.253859 ] }, { "date": "2025-05-09", "close": 12.054822, "volume": 57620550, "typical_volume": 62915623.65, "trend": 12.329159, "fair_value": 11.609311, "relative_strength": -13.76395, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.010544, "energy": 41.748207, "activity_lines": [ 11.742015, 11.902366, 12.175931, 12.234518 ] }, { "date": "2025-05-16", "close": 12.418322, "volume": 64600620, "typical_volume": 65125153.6, "trend": 12.32239, "fair_value": 11.622514, "relative_strength": -13.706364, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.569713, "energy": 13.267672, "activity_lines": [ 12.037265, 11.961004, 12.187843, 12.240271 ] }, { "date": "2025-05-23", "close": 12.053576, "volume": 59262121, "typical_volume": 66237322.35, "trend": 12.293736, "fair_value": 11.629768, "relative_strength": -13.446481, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.802621, "energy": 16.482007, "activity_lines": [ 12.093848, 11.951784, 12.16209, 12.222928 ] }, { "date": "2025-05-30", "close": 12.257683, "volume": 46513533, "typical_volume": 65720273.25, "trend": 12.283641, "fair_value": 11.638004, "relative_strength": -13.022191, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.776966, "energy": 17.200651, "activity_lines": [ 12.173544, 11.98778, 12.156822, 12.220602 ] }, { "date": "2025-06-06", "close": 12.614868, "volume": 51254131, "typical_volume": 65545548.4, "trend": 12.288554, "fair_value": 11.653552, "relative_strength": -11.408443, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.096616, "energy": 15.314082, "activity_lines": [ 12.343818, 12.104015, 12.186836, 12.241971 ] }, { "date": "2025-06-13", "close": 13.230965, "volume": 70150937, "typical_volume": 66589413.15, "trend": 12.309052, "fair_value": 11.679117, "relative_strength": -4.193778, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.047305, "energy": 33.528477, "activity_lines": [ 12.660855, 12.344002, 12.276598, 12.302772 ] }, { "date": "2025-06-20", "close": 13.518226, "volume": 80181850, "typical_volume": 68321827.6, "trend": 12.336999, "fair_value": 11.708221, "relative_strength": -1.468508, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.543431, "energy": 68.042321, "activity_lines": [ 12.995236, 12.615711, 12.38889, 12.380783 ] }, { "date": "2025-06-27", "close": 13.068436, "volume": 67922052, "typical_volume": 69088851.1, "trend": 12.365443, "fair_value": 11.736602, "relative_strength": -5.702681, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.987838, "energy": 64.905316, "activity_lines": [ 13.10636, 12.753709, 12.453415, 12.427973 ] }, { "date": "2025-07-04", "close": 13.15537, "volume": 41658831, "typical_volume": 68491691.75, "trend": 12.396359, "fair_value": 11.765551, "relative_strength": -4.567214, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.621931, "energy": 68.879864, "activity_lines": [ 13.178805, 12.87681, 12.524135, 12.478936 ] }, { "date": "2025-07-11", "close": 13.501216, "volume": 46695519, "typical_volume": 68820420.45, "trend": 12.44257, "fair_value": 11.79863, "relative_strength": -3.03013, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.789011, "energy": 76.44635, "activity_lines": [ 13.306686, 13.038702, 12.626057, 12.550217 ] }, { "date": "2025-07-18", "close": 13.384045, "volume": 37584861, "typical_volume": 66254672.95, "trend": 12.502248, "fair_value": 11.830307, "relative_strength": -4.271556, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.675647, "energy": 69.56678, "activity_lines": [ 13.33642, 13.147192, 12.713109, 12.610957 ] }, { "date": "2025-07-25", "close": 13.854621, "volume": 52437727, "typical_volume": 64252198.7, "trend": 12.570626, "fair_value": 11.861321, "relative_strength": -1.713701, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.528817, "energy": 78.789994, "activity_lines": [ 13.512807, 13.317074, 12.841354, 12.698207 ] }, { "date": "2025-08-01", "close": 13.890529, "volume": 59551608, "typical_volume": 64709742.8, "trend": 12.624529, "fair_value": 11.893847, "relative_strength": 0.711418, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.117386, "energy": 79.925407, "activity_lines": [ 13.678738, 13.46737, 12.965777, 12.783362 ] }, { "date": "2025-08-08", "close": 13.985023, "volume": 47948846, "typical_volume": 62748258.9, "trend": 12.67326, "fair_value": 11.926121, "relative_strength": -2.373689, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.026568, "energy": 80.659566, "activity_lines": [ 13.82136, 13.601448, 13.092574, 12.871136 ] }, { "date": "2025-08-15", "close": 14.14755, "volume": 27895137, "typical_volume": 61378215.9, "trend": 12.716839, "fair_value": 11.958745, "relative_strength": -3.331411, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.484816, "energy": 86.266586, "activity_lines": [ 13.962848, 13.73367, 13.230631, 12.966251 ] }, { "date": "2025-08-22", "close": 14.389454, "volume": 43948324, "typical_volume": 59144742.2, "trend": 12.789256, "fair_value": 11.990227, "relative_strength": -2.899815, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.060639, "energy": 89.29265, "activity_lines": [ 14.141881, 13.882007, 13.387501, 13.074162 ] }, { "date": "2025-08-29", "close": 14.402683, "volume": 50831997, "typical_volume": 53724792.35, "trend": 12.853245, "fair_value": 12.022929, "relative_strength": -0.05332, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.39303, "energy": 87.346733, "activity_lines": [ 14.258297, 14.011687, 13.534744, 13.178254 ] }, { "date": "2025-09-05", "close": 13.820603, "volume": 58512509, "typical_volume": 53326865.55, "trend": 12.892911, "fair_value": 12.053892, "relative_strength": -2.532484, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.333202, "energy": 59.435079, "activity_lines": [ 14.144149, 14.019452, 13.608737, 13.240664 ] }, { "date": "2025-09-12", "close": 14.062506, "volume": 40900490, "typical_volume": 53018202.9, "trend": 12.935296, "fair_value": 12.08758, "relative_strength": -2.857995, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.175408, "energy": 56.575569, "activity_lines": [ 14.115297, 14.057524, 13.694146, 13.316122 ] }, { "date": "2025-09-19", "close": 13.971793, "volume": 53014966, "typical_volume": 52924330.45, "trend": 12.976964, "fair_value": 12.122809, "relative_strength": -2.675369, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.84628, "energy": 44.700733, "activity_lines": [ 14.051041, 14.06261, 13.760287, 13.382993 ] }, { "date": "2025-09-26", "close": 14.760508, "volume": 55830910, "typical_volume": 52834848.45, "trend": 13.048204, "fair_value": 12.16255, "relative_strength": 2.049227, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.218682, "energy": 58.959989, "activity_lines": [ 14.261408, 14.202542, 13.890896, 13.49806 ] }, { "date": "2025-10-03", "close": 14.337295, "volume": 51459885, "typical_volume": 52177811.7, "trend": 13.114994, "fair_value": 12.194901, "relative_strength": -2.00025, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.262067, "energy": 52.995136, "activity_lines": [ 14.305967, 14.2405, 13.968314, 13.581227 ] }, { "date": "2025-10-10", "close": 14.383464, "volume": 62303391, "typical_volume": 52329875.2, "trend": 13.177796, "fair_value": 12.22784, "relative_strength": 1.326303, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.283374, "energy": 52.777798, "activity_lines": [ 14.370274, 14.278076, 14.040992, 13.663064 ] }, { "date": "2025-10-17", "close": 14.27766, "volume": 50351595, "typical_volume": 52521778.3, "trend": 13.217086, "fair_value": 12.258712, "relative_strength": 1.375369, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.659416, "energy": 49.978947, "activity_lines": [ 14.36179, 14.287453, 14.092499, 13.734023 ] }, { "date": "2025-10-24", "close": 15.231813, "volume": 80724597, "typical_volume": 53995301.6, "trend": 13.282803, "fair_value": 12.290278, "relative_strength": 6.372211, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.707629, "energy": 60.377844, "activity_lines": [ 14.657013, 14.464991, 14.225258, 13.864005 ] }, { "date": "2025-10-31", "close": 15.335692, "volume": 45885123, "typical_volume": 52782010.9, "trend": 13.390558, "fair_value": 12.318114, "relative_strength": 5.433317, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.488036, "energy": 71.418508, "activity_lines": [ 14.902861, 14.641703, 14.355449, 13.99645 ] }, { "date": "2025-11-07", "close": 15.32415, "volume": 41049357, "typical_volume": 50825386.25, "trend": 13.545962, "fair_value": 12.344528, "relative_strength": 6.055176, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.362058, "energy": 78.548191, "activity_lines": [ 15.106516, 14.799112, 14.474518, 14.121198 ] }, { "date": "2025-11-14", "close": 15.845471, "volume": 46383346, "typical_volume": 49748450.95, "trend": 13.69482, "fair_value": 12.374736, "relative_strength": 7.032436, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.592956, "energy": 91.031244, "activity_lines": [ 15.418154, 15.034552, 14.634637, 14.269553 ] }, { "date": "2025-11-21", "close": 15.481894, "volume": 44636159, "typical_volume": 49897317.35, "trend": 13.816536, "fair_value": 12.400928, "relative_strength": 7.940731, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.429673, "energy": 79.399187, "activity_lines": [ 15.511133, 15.167072, 14.746906, 14.384848 ] }, { "date": "2025-11-28", "close": 15.771275, "volume": 44631429, "typical_volume": 49794112.85, "trend": 13.95105, "fair_value": 12.431049, "relative_strength": 8.206881, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.618466, "energy": 69.201733, "activity_lines": [ 15.62029, 15.326399, 14.875656, 14.51096 ] }, { "date": "2025-12-05", "close": 15.741945, "volume": 43173955, "typical_volume": 50073567.55, "trend": 14.073955, "fair_value": 12.462852, "relative_strength": 7.751561, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.738925, "energy": 62.530953, "activity_lines": [ 15.683707, 15.447676, 14.990803, 14.626502 ] }, { "date": "2025-12-12", "close": 15.581613, "volume": 36383686, "typical_volume": 49270865.5, "trend": 14.179398, "fair_value": 12.496825, "relative_strength": 6.389631, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.153388, "energy": 55.941137, "activity_lines": [ 15.666595, 15.521957, 15.079452, 14.72377 ] }, { "date": "2025-12-19", "close": 15.542506, "volume": 60629458, "typical_volume": 49324758.0, "trend": 14.295695, "fair_value": 12.527605, "relative_strength": 3.150052, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.887507, "energy": 49.253305, "activity_lines": [ 15.619284, 15.566504, 15.156153, 14.811713 ] }, { "date": "2025-12-26", "close": 15.603121, "volume": 14536711, "typical_volume": 47654151.25, "trend": 14.40721, "fair_value": 12.559744, "relative_strength": 3.877521, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.420779, "energy": 45.873074, "activity_lines": [ 15.612376, 15.600999, 15.23076, 14.896063 ] }, { "date": "2026-01-02", "close": 15.996131, "volume": 24416924, "typical_volume": 47480240.6, "trend": 14.519919, "fair_value": 12.591583, "relative_strength": 4.736217, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.87755, "energy": 50.933924, "activity_lines": [ 15.728389, 15.68285, 15.335092, 14.998574 ] }, { "date": "2026-01-09", "close": 15.70675, "volume": 74645589, "typical_volume": 49015103.85, "trend": 14.602445, "fair_value": 12.618582, "relative_strength": 2.143237, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.77368, "energy": 42.136575, "activity_lines": [ 15.732951, 15.69819, 15.40306, 15.075144 ] }, { "date": "2026-01-16", "close": 16.201435, "volume": 61579767, "typical_volume": 49552492.35, "trend": 14.691885, "fair_value": 12.648579, "relative_strength": 5.17567, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.5657, "energy": 50.659708, "activity_lines": [ 15.904754, 15.796727, 15.511869, 15.178304 ] }, { "date": "2026-01-23", "close": 16.418472, "volume": 44840237, "typical_volume": 48868878.75, "trend": 14.803553, "fair_value": 12.680805, "relative_strength": 8.707287, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.973124, "energy": 66.968091, "activity_lines": [ 16.107582, 15.918773, 15.632782, 15.289697 ] }, { "date": "2026-01-30", "close": 16.840811, "volume": 52913207, "typical_volume": 49469514.6, "trend": 14.926401, "fair_value": 12.718027, "relative_strength": 9.628427, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.69391, "energy": 74.932421, "activity_lines": [ 16.392792, 16.107191, 15.781548, 15.421133 ] }, { "date": "2026-02-06", "close": 17.439127, "volume": 52813016, "typical_volume": 49459417.1, "trend": 15.057665, "fair_value": 12.754456, "relative_strength": 12.405581, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.204901, "energy": 88.76478, "activity_lines": [ 16.794928, 16.379686, 15.974066, 15.583244 ] }, { "date": "2026-02-13", "close": 17.77739, "volume": 44831098, "typical_volume": 48909426.5, "trend": 15.204109, "fair_value": 12.795352, "relative_strength": 15.353247, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.065123, "energy": 92.935093, "activity_lines": [ 17.213618, 16.683358, 16.182288, 15.758711 ] }, { "date": "2026-02-20", "close": 18.162579, "volume": 38753246, "typical_volume": 48274094.55, "trend": 15.347708, "fair_value": 12.844378, "relative_strength": 14.821555, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.321994, "energy": 94.184478, "activity_lines": [ 17.622662, 17.020057, 16.412829, 15.94958 ] }, { "date": "2026-02-27", "close": 19.216475, "volume": 52847290, "typical_volume": 47801289.5, "trend": 15.52524, "fair_value": 12.898924, "relative_strength": 19.046351, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.915465, "energy": 97.055496, "activity_lines": [ 18.252262, 17.501447, 16.725525, 16.199177 ] }, { "date": "2026-03-06", "close": 20.066044, "volume": 90594750, "typical_volume": 49813447.25, "trend": 15.72794, "fair_value": 12.958936, "relative_strength": 31.918339, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.775823, "energy": 97.706985, "activity_lines": [ 18.978518, 18.070504, 17.096118, 16.492133 ] }, { "date": "2026-03-13", "close": 21.850235, "volume": 80701627, "typical_volume": 49812298.75, "trend": 15.984697, "fair_value": 13.036864, "relative_strength": 41.770322, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.859929, "energy": 98.955257, "activity_lines": [ 20.084488, 18.882816, 17.60907, 16.887119 ] }, { "date": "2026-03-20", "close": 23.091837, "volume": 92941605, "typical_volume": 52165122.85, "trend": 16.274776, "fair_value": 13.121553, "relative_strength": 53.263896, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.275466, "energy": 98.901612, "activity_lines": [ 21.310252, 19.814435, 18.208754, 17.345644 ] }, { "date": "2026-03-27", "close": 23.650349, "volume": 71152849, "typical_volume": 53670297.45, "trend": 16.583031, "fair_value": 13.206004, "relative_strength": 53.322898, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.484041, "energy": 97.130712, "activity_lines": [ 22.367891, 20.713327, 18.824696, 17.821488 ] }, { "date": "2026-04-03", "close": 24.401625, "volume": 70734629, "typical_volume": 54887861.6, "trend": 16.935732, "fair_value": 13.291972, "relative_strength": 48.911801, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.568815, "energy": 95.787918, "activity_lines": [ 23.310103, 21.61338, 19.472539, 18.325913 ] }, { "date": "2026-04-10", "close": 23.675064, "volume": 68819542, "typical_volume": 56097030.75, "trend": 17.256151, "fair_value": 13.371919, "relative_strength": 37.106716, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.084599, "energy": 75.820478, "activity_lines": [ 23.664452, 22.236183, 20.010442, 18.760709 ] }, { "date": "2026-04-17", "close": 21.510204, "volume": 68181379, "typical_volume": 57274528.25, "trend": 17.507431, "fair_value": 13.438176, "relative_strength": 20.565883, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.801202, "energy": 67.163616, "activity_lines": [ 23.056579, 22.341116, 20.303153, 19.035164 ] }, { "date": "2026-04-24", "close": 22.686544, "volume": 52898826, "typical_volume": 57760771.8, "trend": 17.771632, "fair_value": 13.512078, "relative_strength": 29.310967, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.907318, "energy": 63.230451, "activity_lines": [ 22.863488, 22.58591, 20.680568, 19.3693 ] }, { "date": "2026-05-01", "close": 23.724489, "volume": 42676022, "typical_volume": 58075388.6, "trend": 18.084539, "fair_value": 13.593549, "relative_strength": 32.291236, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.341841, "energy": 61.37254, "activity_lines": [ 23.043399, 22.930163, 21.123766, 19.753356 ] }, { "date": "2026-05-08", "close": 22.50861, "volume": 57685760, "typical_volume": 57928203.7, "trend": 18.355377, "fair_value": 13.668183, "relative_strength": 21.903944, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.517037, "energy": 44.49277, "activity_lines": [ 22.813074, 22.952222, 21.412389, 20.038779 ] }, { "date": "2026-05-15", "close": 23.25, "volume": 40957262, "typical_volume": 59249231.25, "trend": 18.654455, "fair_value": 13.747237, "relative_strength": 25.285298, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.38745, "energy": 47.035716, "activity_lines": [ 22.95608, 23.049222, 21.73845, 20.354562 ] }, { "date": "2026-05-22", "close": 23.295, "volume": 45371909, "typical_volume": 60296980.5, "trend": 18.923228, "fair_value": 13.82678, "relative_strength": 23.488285, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.126993, "energy": 48.277209, "activity_lines": [ 23.142423, 23.096514, 22.032383, 20.653952 ] }, { "date": "2026-05-29", "close": 22.530001, "volume": 66950923, "typical_volume": 59912247.2, "trend": 19.163038, "fair_value": 13.901684, "relative_strength": 17.321857, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.779624, "energy": 36.993773, "activity_lines": [ 22.954781, 22.978446, 22.218701, 20.886647 ] }, { "date": "2026-06-05", "close": 23.549999, "volume": 5987174, "typical_volume": 57132617.55, "trend": 19.437233, "fair_value": 13.983963, "relative_strength": 22.001148, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.512441, "energy": 43.698028, "activity_lines": [ 23.117574, 23.056048, 22.469671, 21.169676 ] }, { "date": "2026-06-12", "close": 23.219999, "volume": 15718692, "typical_volume": 55676540.3, "trend": 19.683051, "fair_value": 14.064157, "relative_strength": 15.879986, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.797259, "energy": 39.896735, "activity_lines": [ 23.182, 23.075475, 22.65422, 21.413726 ] }, { "date": "2026-06-19", "close": 21.639999, "volume": 18795948, "typical_volume": 53970677.35, "trend": 19.888321, "fair_value": 14.135186, "relative_strength": 4.8958, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.906997, "energy": 25.140996, "activity_lines": [ 22.672333, 22.829112, 22.655903, 21.53998 ] }, { "date": "2026-06-26", "close": 20.215, "volume": 10890393, "typical_volume": 51874546.2, "trend": 20.036445, "fair_value": 14.195039, "relative_strength": 0.691187, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.227076, "energy": 9.700376, "activity_lines": [ 21.794999, 22.360661, 22.49902, 21.561057 ] }, { "date": "2026-07-03", "close": 20.445, "volume": 4349839, "typical_volume": 49850483.25, "trend": 20.193214, "fair_value": 14.257054, "relative_strength": -1.425842, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.344703, "energy": 20.988885, "activity_lines": [ 21.199666, 21.957576, 22.350822, 21.587415 ] }, { "date": "2026-07-10", "close": 20.754999, "volume": 44661996, "typical_volume": 50145920.75, "trend": 20.36566, "fair_value": 14.319077, "relative_strength": 0.176094, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.323237, "energy": 27.015353, "activity_lines": [ 20.846666, 21.651611, 22.219446, 21.623659 ] }, { "date": "2026-07-17", "close": 21.645, "volume": 46677649, "typical_volume": 49837438.7, "trend": 20.569076, "fair_value": 14.385674, "relative_strength": 5.50684, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -1.104592, "energy": 31.62086, "activity_lines": [ 20.976666, 21.561454, 22.160486, 21.706197 ] }, { "date": "2026-07-24", "close": 22.959999, "volume": 44663902, "typical_volume": 47540896.3, "trend": 20.814306, "fair_value": 14.460604, "relative_strength": 11.53066, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.804103, "energy": 16.368302, "activity_lines": [ 21.649999, 21.72609, 22.215201, 21.86045 ] }, { "date": "2026-07-31", "close": 23.860001, "volume": 58359534, "typical_volume": 46423791.65, "trend": 21.076435, "fair_value": 14.540955, "relative_strength": 14.471409, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.419347, "energy": 32.045107, "activity_lines": [ 22.535333, 22.059636, 22.341849, 22.056947 ] }, { "date": "2026-08-07", "close": 23.280001, "volume": 41436613, "typical_volume": 43848542.05, "trend": 21.328876, "fair_value": 14.615874, "relative_strength": 7.972279, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.22024, "energy": 39.733239, "activity_lines": [ 22.984334, 22.277455, 22.403688, 22.199112 ] } ], "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." } } }