{ "ticker": { "uuid": "93ed40b8-db90-4953-8aa9-4e6bd78caddd", "symbol": "ROE", "name": "Goshawk Global Balanced UCITS ETF", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 76.89, "architecture_energy": 57.704, "architecture_maturity": 46.455, "architecture_confidence": 72.695, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 11.69, "rotation_up": 56.03, "upward_expansion": 82.18, "deceleration": 62.98, "rotation_down": 25.92, "downward_expansion": 8.85 }, "activity_lines": [ 10.256133, 10.221418, 10.14809, 10.044927 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 10.344, "trend_reference": 9.933833, "distance_from_trend": 0.04129, "trend_direction": "Improving", "fair_value": 9.045449, "distance_from_fair_value": 0.143559, "fair_value_direction": "Improving", "relative_strength": -8.524647, "relative_strength_direction": "Weakening", "price_momentum": 0.061685, "excess_performance": -0.109206, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.04129, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.024702, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.143559, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.001648, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.085246, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.026209, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.061685, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 31.47199, "read": "Demand-led" } ], "volume": { "latest": 22468, "relative_activity": 5.880213, "balance": 31.47199, "dry_up": 1.509899, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.012583, "annualized_volatility": 0.077449, "from_high_reference": -0.00193, "from_low_reference": 0.155625 }, "levels": { "trend_reference": 9.933833, "fair_value_reference": 9.045449, "structural_low": 9.316, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 24, "median_return": 0.006277, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": -0.021492, "regime_survival": 0.75, "best_return": 0.056143, "worst_return": -0.072878, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.026313, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.023348, "regime_survival": 0.555556, "best_return": 0.121552, "worst_return": -0.089405, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.050741, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.001624, "regime_survival": 0.8, "best_return": 0.155172, "worst_return": -0.044072, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.097548, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.088998, "regime_survival": 0.5, "best_return": 0.240085, "worst_return": -0.044989, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-29", "end": "2024-04-19", "tenure": "Established", "return": 0.050985, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-06-14", "tenure": "Developing", "return": 0.054097, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-21", "end": "2024-07-26", "tenure": "Developing", "return": -0.055039, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-02", "end": "2024-08-30", "tenure": "Developing", "return": 0.087992, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-06", "end": "2024-10-18", "tenure": "Developing", "return": 0.061973, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-25", "end": "2025-01-03", "tenure": "Developing", "return": 0.013532, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-01-24", "tenure": "New", "return": 0.024589, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-02-28", "tenure": "Developing", "return": -0.016031, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.09257, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-06-13", "tenure": "Developing", "return": 0.071049, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-09-05", "tenure": "Developing", "return": 0.024302, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2026-03-20", "tenure": "Extended", "return": 0.023369, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-05-08", "tenure": "Developing", "return": 0.072532, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-08-07", "tenure": "Established", "return": 0.029049, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 7.103, "volume": 540, "typical_volume": 8881.5, "trend": 7.295567, "fair_value": 7.752304, "relative_strength": -10.100548, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 6.051832, "energy": 16.595664, "activity_lines": [ 7.318067, 7.423, 7.37049, 7.314882 ] }, { "date": "2023-08-25", "close": 7.291, "volume": 870, "typical_volume": 8699.7, "trend": 7.292467, "fair_value": 7.749208, "relative_strength": -8.536079, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.793561, "energy": 20.331078, "activity_lines": [ 7.280733, 7.388473, 7.37381, 7.314587 ] }, { "date": "2023-09-01", "close": 7.693, "volume": 3895, "typical_volume": 8719.0, "trend": 7.2916, "fair_value": 7.748833, "relative_strength": -4.479375, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.966138, "energy": 28.553443, "activity_lines": [ 7.397, 7.434036, 7.414595, 7.340428 ] }, { "date": "2023-09-08", "close": 7.581, "volume": 20281, "typical_volume": 9680.6, "trend": 7.290633, "fair_value": 7.747722, "relative_strength": -3.970072, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.780033, "energy": 25.312208, "activity_lines": [ 7.468733, 7.4538, 7.441895, 7.359099 ] }, { "date": "2023-09-15", "close": 7.504, "volume": 2732, "typical_volume": 9737.1, "trend": 7.2922, "fair_value": 7.746118, "relative_strength": -6.56233, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.482692, "energy": 40.80496, "activity_lines": [ 7.5072, 7.459255, 7.458495, 7.372865 ] }, { "date": "2023-09-22", "close": 7.219, "volume": 3778, "typical_volume": 9863.05, "trend": 7.290733, "fair_value": 7.742673, "relative_strength": -8.57284, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.814344, "energy": 20.009648, "activity_lines": [ 7.4354, 7.413491, 7.443981, 7.368142 ] }, { "date": "2023-09-29", "close": 7.339, "volume": 18103, "typical_volume": 9897.65, "trend": 7.2899, "fair_value": 7.740052, "relative_strength": -5.44588, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.519341, "energy": 8.377971, "activity_lines": [ 7.395867, 7.396891, 7.43779, 7.371256 ] }, { "date": "2023-10-06", "close": 7.234, "volume": 4573, "typical_volume": 10031.8, "trend": 7.293067, "fair_value": 7.736787, "relative_strength": -4.857836, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -2.65577, "energy": 15.49911, "activity_lines": [ 7.318133, 7.365673, 7.418557, 7.367649 ] }, { "date": "2023-10-13", "close": 7.353, "volume": 2274, "typical_volume": 8267.2, "trend": 7.2968, "fair_value": 7.734327, "relative_strength": -4.351692, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.511355, "energy": 18.507965, "activity_lines": [ 7.310667, 7.362473, 7.409395, 7.371516 ] }, { "date": "2023-10-20", "close": 7.0, "volume": 4708, "typical_volume": 8408.45, "trend": 7.291367, "fair_value": 7.737224, "relative_strength": -5.593928, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.278889, "energy": 50.163074, "activity_lines": [ 7.200733, 7.297164, 7.36669, 7.352368 ] }, { "date": "2023-10-27", "close": 6.681, "volume": 4696, "typical_volume": 8429.1, "trend": 7.267267, "fair_value": 7.739833, "relative_strength": -9.1963, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -61.876215, "energy": 72.390832, "activity_lines": [ 7.018067, 7.178855, 7.295486, 7.312989 ] }, { "date": "2023-11-03", "close": 7.179, "volume": 21603, "typical_volume": 9115.05, "trend": 7.269267, "fair_value": 7.743051, "relative_strength": -6.78176, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.544278, "energy": 56.091356, "activity_lines": [ 7.037267, 7.158764, 7.275848, 7.307295 ] }, { "date": "2023-11-10", "close": 7.242, "volume": 11061, "typical_volume": 8117.95, "trend": 7.273967, "fair_value": 7.746808, "relative_strength": -5.10772, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.31418, "energy": 50.534584, "activity_lines": [ 7.088133, 7.152164, 7.264576, 7.305535 ] }, { "date": "2023-11-17", "close": 7.394, "volume": 10933, "typical_volume": 8554.15, "trend": 7.2913, "fair_value": 7.750096, "relative_strength": -6.081987, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -4.525195, "energy": 15.020106, "activity_lines": [ 7.189133, 7.1814, 7.268505, 7.31328 ] }, { "date": "2023-11-24", "close": 7.471, "volume": 7655, "typical_volume": 7794.85, "trend": 7.318, "fair_value": 7.753244, "relative_strength": -4.60714, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 17.035969, "energy": 20.495327, "activity_lines": [ 7.313067, 7.228036, 7.280576, 7.324873 ] }, { "date": "2023-12-01", "close": 7.584, "volume": 1984, "typical_volume": 7759.7, "trend": 7.3519, "fair_value": 7.756391, "relative_strength": -4.459986, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 21.131707, "energy": 31.40072, "activity_lines": [ 7.443267, 7.295818, 7.303724, 7.342034 ] }, { "date": "2023-12-08", "close": 7.698, "volume": 1978, "typical_volume": 6805.85, "trend": 7.385167, "fair_value": 7.760667, "relative_strength": -4.235998, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.63317, "energy": 48.665299, "activity_lines": [ 7.551267, 7.377691, 7.337914, 7.364363 ] }, { "date": "2023-12-15", "close": 8.075, "volume": 11564, "typical_volume": 7069.8, "trend": 7.422033, "fair_value": 7.765692, "relative_strength": 0.715654, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.481216, "energy": 74.738701, "activity_lines": [ 7.750333, 7.521582, 7.407471, 7.408869 ] }, { "date": "2023-12-22", "close": 8.055, "volume": 11339, "typical_volume": 7497.65, "trend": 7.4449, "fair_value": 7.770026, "relative_strength": 0.649433, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 85.820035, "energy": 92.15982, "activity_lines": [ 7.8872, 7.646545, 7.47279, 7.449705 ] }, { "date": "2023-12-29", "close": 8.12, "volume": 3570, "typical_volume": 7406.85, "trend": 7.469067, "fair_value": 7.775686, "relative_strength": 1.580201, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.714304, "energy": 92.660723, "activity_lines": [ 8.001667, 7.770564, 7.5415, 7.49326 ] }, { "date": "2024-01-05", "close": 7.894, "volume": 3141, "typical_volume": 7536.9, "trend": 7.480533, "fair_value": 7.777846, "relative_strength": -1.425903, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.491434, "energy": 85.125298, "activity_lines": [ 7.997533, 7.833127, 7.584662, 7.520675 ] }, { "date": "2024-01-12", "close": 8.029, "volume": 18086, "typical_volume": 8397.7, "trend": 7.4923, "fair_value": 7.779224, "relative_strength": 0.263006, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.749443, "energy": 77.723506, "activity_lines": [ 8.017733, 7.898182, 7.636914, 7.55606 ] }, { "date": "2024-01-19", "close": 8.102, "volume": 7465, "typical_volume": 8576.2, "trend": 7.5159, "fair_value": 7.78009, "relative_strength": 1.851401, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.818695, "energy": 63.884704, "activity_lines": [ 8.0402, 7.961055, 7.692605, 7.595396 ] }, { "date": "2024-01-26", "close": 8.41, "volume": 13928, "typical_volume": 8258.55, "trend": 7.5441, "fair_value": 7.783199, "relative_strength": 5.411839, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.568721, "energy": 71.1065, "activity_lines": [ 8.163533, 8.064291, 7.775681, 7.65308 ] }, { "date": "2024-02-02", "close": 8.275, "volume": 23351, "typical_volume": 9289.5, "trend": 7.5687, "fair_value": 7.783096, "relative_strength": 2.703116, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.428469, "energy": 80.816763, "activity_lines": [ 8.2182, 8.124509, 7.841952, 7.700234 ] }, { "date": "2024-02-09", "close": 8.525, "volume": 27623, "typical_volume": 10481.75, "trend": 7.598767, "fair_value": 7.782949, "relative_strength": 4.360245, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.345408, "energy": 89.52333, "activity_lines": [ 8.345867, 8.215564, 7.928362, 7.761931 ] }, { "date": "2024-02-16", "close": 8.633, "volume": 16249, "typical_volume": 10389.05, "trend": 7.6337, "fair_value": 7.784269, "relative_strength": 3.738517, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.696226, "energy": 91.381227, "activity_lines": [ 8.467467, 8.309145, 8.018838, 7.828656 ] }, { "date": "2024-02-23", "close": 8.603, "volume": 29013, "typical_volume": 11611.05, "trend": 7.667633, "fair_value": 7.789026, "relative_strength": 0.359301, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.729148, "energy": 79.789805, "activity_lines": [ 8.5388, 8.380273, 8.100295, 7.891191 ] }, { "date": "2024-03-01", "close": 8.945, "volume": 26049, "typical_volume": 12799.8, "trend": 7.7169, "fair_value": 7.800218, "relative_strength": 3.5579, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.003657, "energy": 80.8316, "activity_lines": [ 8.690733, 8.503982, 8.207805, 7.973602 ] }, { "date": "2024-03-08", "close": 9.105, "volume": 16572, "typical_volume": 13393.0, "trend": 7.7779, "fair_value": 7.80791, "relative_strength": 3.844131, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.927614, "energy": 81.436132, "activity_lines": [ 8.860333, 8.6406, 8.322971, 8.063157 ] }, { "date": "2024-03-15", "close": 8.95, "volume": 9714, "typical_volume": 13643.9, "trend": 7.839467, "fair_value": 7.814462, "relative_strength": 0.614039, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.196021, "energy": 68.141909, "activity_lines": [ 8.922933, 8.731127, 8.413352, 8.138776 ] }, { "date": "2024-03-22", "close": 9.086, "volume": 8560, "typical_volume": 12991.75, "trend": 7.8993, "fair_value": 7.822455, "relative_strength": 1.031009, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.304755, "energy": 69.472659, "activity_lines": [ 9.002533, 8.827182, 8.505881, 8.219198 ] }, { "date": "2024-03-29", "close": 9.107, "volume": 6730, "typical_volume": 12775.2, "trend": 7.946433, "fair_value": 7.828814, "relative_strength": 0.162293, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.296637, "energy": 67.782315, "activity_lines": [ 9.058933, 8.907836, 8.591329, 8.297114 ] }, { "date": "2024-04-05", "close": 9.056, "volume": 9966, "typical_volume": 12726.85, "trend": 7.9956, "fair_value": 7.833615, "relative_strength": 1.730596, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.281861, "energy": 63.991832, "activity_lines": [ 9.064733, 8.960945, 8.663038, 8.368699 ] }, { "date": "2024-04-12", "close": 9.062, "volume": 13256, "typical_volume": 13006.9, "trend": 8.047533, "fair_value": 7.838545, "relative_strength": 2.440181, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.285253, "energy": 61.144453, "activity_lines": [ 9.065133, 9.0034, 8.727405, 8.437499 ] }, { "date": "2024-04-19", "close": 8.534, "volume": 5012, "typical_volume": 13158.3, "trend": 8.091367, "fair_value": 7.841135, "relative_strength": -4.004849, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.148435, "energy": 40.635913, "activity_lines": [ 8.8924, 8.935545, 8.73391, 8.468884 ] }, { "date": "2024-04-26", "close": 8.762, "volume": 7627, "typical_volume": 13440.75, "trend": 8.1388, "fair_value": 7.844897, "relative_strength": -2.451982, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.851701, "energy": 29.545008, "activity_lines": [ 8.8234, 8.908982, 8.757605, 8.512151 ] }, { "date": "2024-05-03", "close": 8.524, "volume": 2659, "typical_volume": 12995.5, "trend": 8.1818, "fair_value": 7.848801, "relative_strength": -3.443788, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.790627, "energy": 24.249735, "activity_lines": [ 8.696667, 8.8368, 8.753567, 8.537002 ] }, { "date": "2024-05-10", "close": 8.646, "volume": 41280, "typical_volume": 14492.55, "trend": 8.2249, "fair_value": 7.85609, "relative_strength": -4.998014, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.721319, "energy": 25.293355, "activity_lines": [ 8.649467, 8.788236, 8.75901, 8.566951 ] }, { "date": "2024-05-17", "close": 8.865, "volume": 7906, "typical_volume": 14709.35, "trend": 8.287067, "fair_value": 7.863333, "relative_strength": -4.613848, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.11024, "energy": 20.568494, "activity_lines": [ 8.7026, 8.784927, 8.782495, 8.608247 ] }, { "date": "2024-05-24", "close": 8.886, "volume": 16571, "typical_volume": 15380.85, "trend": 8.360567, "fair_value": 7.869385, "relative_strength": -1.739657, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.697787, "energy": 15.561662, "activity_lines": [ 8.775867, 8.7898, 8.804433, 8.646888 ] }, { "date": "2024-05-31", "close": 8.727, "volume": 1215, "typical_volume": 14537.3, "trend": 8.412167, "fair_value": 7.873474, "relative_strength": -3.357577, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.898409, "energy": 21.125553, "activity_lines": [ 8.772667, 8.766927, 8.806505, 8.670529 ] }, { "date": "2024-06-07", "close": 8.937, "volume": 1252, "typical_volume": 14226.65, "trend": 8.468667, "fair_value": 7.877859, "relative_strength": -1.366023, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.351494, "energy": 31.180345, "activity_lines": [ 8.8418, 8.788764, 8.825252, 8.704389 ] }, { "date": "2024-06-14", "close": 9.236, "volume": 21536, "typical_volume": 14607.05, "trend": 8.530067, "fair_value": 7.883237, "relative_strength": 8.101843, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 65.504207, "energy": 55.949514, "activity_lines": [ 8.983067, 8.868055, 8.8685, 8.753895 ] }, { "date": "2024-06-21", "close": 9.357, "volume": 9767, "typical_volume": 13927.85, "trend": 8.592933, "fair_value": 7.888154, "relative_strength": 7.328225, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.978392, "energy": 74.990723, "activity_lines": [ 9.125333, 8.966073, 8.919338, 8.807245 ] }, { "date": "2024-06-28", "close": 9.38, "volume": 12535, "typical_volume": 13173.45, "trend": 8.6528, "fair_value": 7.89275, "relative_strength": 7.976132, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.315952, "energy": 80.168794, "activity_lines": [ 9.242467, 9.062909, 8.967214, 8.858024 ] }, { "date": "2024-07-05", "close": 9.366, "volume": 13767, "typical_volume": 13049.35, "trend": 8.7084, "fair_value": 7.897692, "relative_strength": 5.1367, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.988516, "energy": 81.109758, "activity_lines": [ 9.322, 9.141818, 9.009686, 8.904037 ] }, { "date": "2024-07-12", "close": 9.675, "volume": 15956, "typical_volume": 12396.5, "trend": 8.761733, "fair_value": 7.905692, "relative_strength": 6.634788, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.151366, "energy": 88.56029, "activity_lines": [ 9.461933, 9.265927, 9.078095, 8.966398 ] }, { "date": "2024-07-19", "close": 9.262, "volume": 2453, "typical_volume": 11216.7, "trend": 8.801967, "fair_value": 7.909455, "relative_strength": 3.112657, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.307465, "energy": 71.715155, "activity_lines": [ 9.415, 9.294018, 9.102067, 8.998673 ] }, { "date": "2024-07-26", "close": 8.842, "volume": 9704, "typical_volume": 10873.3, "trend": 8.826033, "fair_value": 7.910955, "relative_strength": -0.41898, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.943667, "energy": 29.907721, "activity_lines": [ 9.226333, 9.234545, 9.084529, 9.001256 ] }, { "date": "2024-08-02", "close": 8.353, "volume": 5733, "typical_volume": 10674.25, "trend": 8.841333, "fair_value": 7.907974, "relative_strength": -0.655849, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -2.777384, "energy": 15.081037, "activity_lines": [ 8.909, 9.086582, 9.021671, 8.970738 ] }, { "date": "2024-08-09", "close": 8.287, "volume": 5966, "typical_volume": 10544.55, "trend": 8.849933, "fair_value": 7.906173, "relative_strength": -0.730926, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.09446, "energy": 42.385885, "activity_lines": [ 8.638133, 8.936309, 8.955371, 8.934974 ] }, { "date": "2024-08-16", "close": 8.587, "volume": 1374, "typical_volume": 10276.75, "trend": 8.8661, "fair_value": 7.907032, "relative_strength": -1.085986, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.998986, "energy": 40.047894, "activity_lines": [ 8.5392, 8.848582, 8.921448, 8.918011 ] }, { "date": "2024-08-23", "close": 9.031, "volume": 1059, "typical_volume": 9831.4, "trend": 8.8868, "fair_value": 7.909231, "relative_strength": 2.071736, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -12.997518, "energy": 29.937935, "activity_lines": [ 8.6608, 8.847945, 8.932286, 8.928649 ] }, { "date": "2024-08-30", "close": 9.088, "volume": 5460, "typical_volume": 9441.6, "trend": 8.9139, "fair_value": 7.911301, "relative_strength": 0.585781, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -1.407954, "energy": 11.826043, "activity_lines": [ 8.8168, 8.8614, 8.948671, 8.94163 ] }, { "date": "2024-09-06", "close": 8.891, "volume": 1788, "typical_volume": 9280.4, "trend": 8.9261, "fair_value": 7.912571, "relative_strength": 1.614443, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.887054, "energy": 8.068448, "activity_lines": [ 8.890733, 8.843927, 8.946171, 8.940153 ] }, { "date": "2024-09-13", "close": 9.067, "volume": 10526, "typical_volume": 9425.35, "trend": 8.940567, "fair_value": 7.915596, "relative_strength": 2.692603, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.445337, "energy": 20.280489, "activity_lines": [ 8.987467, 8.867345, 8.958733, 8.949243 ] }, { "date": "2024-09-20", "close": 9.071, "volume": 4382, "typical_volume": 9511.5, "trend": 8.956167, "fair_value": 7.918603, "relative_strength": 2.027835, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.513222, "energy": 20.476821, "activity_lines": [ 9.033533, 8.896927, 8.970224, 8.957658 ] }, { "date": "2024-09-27", "close": 9.113, "volume": 7198, "typical_volume": 7807.4, "trend": 8.961767, "fair_value": 7.923859, "relative_strength": -0.366729, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.304494, "energy": 19.240436, "activity_lines": [ 9.061333, 8.945127, 8.98311, 8.967776 ] }, { "date": "2024-10-04", "close": 9.202, "volume": 10140, "typical_volume": 7919.1, "trend": 8.965, "fair_value": 7.929096, "relative_strength": 3.894669, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 56.619589, "energy": 36.147878, "activity_lines": [ 9.113333, 9.012218, 9.002248, 8.983275 ] }, { "date": "2024-10-11", "close": 9.286, "volume": 13668, "typical_volume": 7773.95, "trend": 8.9762, "fair_value": 7.934006, "relative_strength": 2.584336, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.417421, "energy": 44.245718, "activity_lines": [ 9.185733, 9.088036, 9.027781, 9.003985 ] }, { "date": "2024-10-18", "close": 9.442, "volume": 9285, "typical_volume": 8177.45, "trend": 8.988067, "fair_value": 7.939519, "relative_strength": 1.561609, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 69.815302, "energy": 57.906378, "activity_lines": [ 9.2838, 9.175255, 9.066267, 9.034037 ] }, { "date": "2024-10-25", "close": 9.311, "volume": 5727, "typical_volume": 8401.2, "trend": 8.994867, "fair_value": 7.943737, "relative_strength": 1.216347, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.336538, "energy": 59.409213, "activity_lines": [ 9.3132, 9.217655, 9.088871, 9.054871 ] }, { "date": "2024-11-01", "close": 9.116, "volume": 10090, "typical_volume": 7828.9, "trend": 8.996867, "fair_value": 7.943756, "relative_strength": -0.708117, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.877945, "energy": 53.700865, "activity_lines": [ 9.2616, 9.211436, 9.091124, 9.062686 ] }, { "date": "2024-11-08", "close": 9.376, "volume": 6781, "typical_volume": 7679.6, "trend": 9.007333, "fair_value": 7.944609, "relative_strength": 4.541839, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.15218, "energy": 55.556746, "activity_lines": [ 9.296467, 9.250945, 9.11871, 9.087146 ] }, { "date": "2024-11-15", "close": 9.349, "volume": 15580, "typical_volume": 7831.85, "trend": 9.0345, "fair_value": 7.944179, "relative_strength": 2.927624, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.776718, "energy": 42.590419, "activity_lines": [ 9.310733, 9.280309, 9.143633, 9.109189 ] }, { "date": "2024-11-22", "close": 9.541, "volume": 8746, "typical_volume": 7580.8, "trend": 9.060467, "fair_value": 7.947769, "relative_strength": 6.987095, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.125056, "energy": 55.365862, "activity_lines": [ 9.3848, 9.336255, 9.18699, 9.141867 ] }, { "date": "2024-11-29", "close": 9.54, "volume": 4430, "typical_volume": 7004.5, "trend": 9.094333, "fair_value": 7.952327, "relative_strength": 6.984006, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.561408, "energy": 70.855744, "activity_lines": [ 9.451933, 9.3834, 9.229419, 9.172804 ] }, { "date": "2024-12-06", "close": 9.632, "volume": 8996, "typical_volume": 7331.65, "trend": 9.1272, "fair_value": 7.955667, "relative_strength": 3.686802, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.541655, "energy": 77.987604, "activity_lines": [ 9.534467, 9.438745, 9.281252, 9.207492 ] }, { "date": "2024-12-13", "close": 9.492, "volume": 7055, "typical_volume": 7199.2, "trend": 9.1481, "fair_value": 7.95841, "relative_strength": 1.727187, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.415911, "energy": 77.08366, "activity_lines": [ 9.535933, 9.4592, 9.31799, 9.231028 ] }, { "date": "2024-12-20", "close": 9.359, "volume": 16275, "typical_volume": 7726.3, "trend": 9.163867, "fair_value": 7.959391, "relative_strength": 3.549851, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.378845, "energy": 55.058547, "activity_lines": [ 9.485333, 9.4502, 9.338967, 9.244634 ] }, { "date": "2024-12-27", "close": 9.371, "volume": 5137, "typical_volume": 7684.85, "trend": 9.185333, "fair_value": 7.959436, "relative_strength": 2.433773, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.741792, "energy": 34.295896, "activity_lines": [ 9.438067, 9.442055, 9.356295, 9.257998 ] }, { "date": "2025-01-03", "close": 9.437, "volume": 2331, "typical_volume": 7732.7, "trend": 9.202, "fair_value": 7.962885, "relative_strength": 3.12761, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.960295, "energy": 24.662865, "activity_lines": [ 9.424133, 9.4472, 9.374748, 9.274234 ] }, { "date": "2025-01-10", "close": 9.435, "volume": 14178, "typical_volume": 8388.65, "trend": 9.208633, "fair_value": 7.967724, "relative_strength": 0.240383, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.749819, "energy": 20.958112, "activity_lines": [ 9.4164, 9.449691, 9.388962, 9.289267 ] }, { "date": "2025-01-17", "close": 9.62, "volume": 9582, "typical_volume": 8594.75, "trend": 9.2174, "fair_value": 7.975756, "relative_strength": -1.097597, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.658581, "energy": 38.832089, "activity_lines": [ 9.483467, 9.480018, 9.418871, 9.315806 ] }, { "date": "2025-01-24", "close": 9.667, "volume": 6263, "typical_volume": 8818.5, "trend": 9.226967, "fair_value": 7.986462, "relative_strength": -0.360442, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 69.190967, "energy": 55.90336, "activity_lines": [ 9.557667, 9.514455, 9.450724, 9.344813 ] }, { "date": "2025-01-31", "close": 9.731, "volume": 55074, "typical_volume": 11045.9, "trend": 9.239133, "fair_value": 7.997532, "relative_strength": -0.427617, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.528611, "energy": 71.207887, "activity_lines": [ 9.632667, 9.554745, 9.484976, 9.377331 ] }, { "date": "2025-02-07", "close": 9.722, "volume": 1670, "typical_volume": 10910.3, "trend": 9.2407, "fair_value": 8.007064, "relative_strength": -2.008299, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.126189, "energy": 76.810807, "activity_lines": [ 9.680667, 9.589945, 9.51521, 9.408484 ] }, { "date": "2025-02-14", "close": 9.714, "volume": 1224, "typical_volume": 10611.6, "trend": 9.255767, "fair_value": 8.018103, "relative_strength": -4.354098, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.495297, "energy": 74.949453, "activity_lines": [ 9.707, 9.620382, 9.541581, 9.439019 ] }, { "date": "2025-02-21", "close": 9.704, "volume": 5928, "typical_volume": 10401.0, "trend": 9.2845, "fair_value": 8.028763, "relative_strength": -5.482799, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.371353, "energy": 70.871907, "activity_lines": [ 9.7114, 9.647509, 9.564138, 9.467938 ] }, { "date": "2025-02-28", "close": 9.575, "volume": 16108, "typical_volume": 10523.0, "trend": 9.325233, "fair_value": 8.038962, "relative_strength": -7.144112, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.745902, "energy": 44.167396, "activity_lines": [ 9.6672, 9.647327, 9.572019, 9.48668 ] }, { "date": "2025-03-07", "close": 9.139, "volume": 7618, "typical_volume": 10439.65, "trend": 9.353633, "fair_value": 8.047538, "relative_strength": -11.000464, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 2.08318, "energy": 10.183891, "activity_lines": [ 9.4838, 9.563945, 9.537, 9.474665 ] }, { "date": "2025-03-14", "close": 9.113, "volume": 6218, "typical_volume": 10464.2, "trend": 9.371167, "fair_value": 8.053679, "relative_strength": -11.216663, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.250455, "energy": 37.514321, "activity_lines": [ 9.3312, 9.480055, 9.500948, 9.45914 ] }, { "date": "2025-03-21", "close": 9.224, "volume": 1351, "typical_volume": 10027.25, "trend": 9.3776, "fair_value": 8.060096, "relative_strength": -10.829821, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.224067, "energy": 41.852366, "activity_lines": [ 9.2562, 9.422236, 9.47641, 9.449645 ] }, { "date": "2025-03-28", "close": 9.102, "volume": 5995, "typical_volume": 9987.95, "trend": 9.378067, "fair_value": 8.066551, "relative_strength": -11.159805, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.397378, "energy": 61.123346, "activity_lines": [ 9.1732, 9.346073, 9.439738, 9.431865 ] }, { "date": "2025-04-04", "close": 8.461, "volume": 3446, "typical_volume": 9381.25, "trend": 9.363733, "fair_value": 8.070372, "relative_strength": -7.519591, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -67.950611, "energy": 84.895113, "activity_lines": [ 8.916667, 9.162782, 9.343324, 9.372699 ] }, { "date": "2025-04-11", "close": 8.293, "volume": 9799, "typical_volume": 9433.9, "trend": 9.337933, "fair_value": 8.073244, "relative_strength": -7.535427, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -94.130325, "energy": 96.692882, "activity_lines": [ 8.6784, 8.970873, 9.235138, 9.303619 ] }, { "date": "2025-04-18", "close": 8.459, "volume": 6177, "typical_volume": 9521.25, "trend": 9.317533, "fair_value": 8.076833, "relative_strength": -10.694064, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.807413, "energy": 91.417037, "activity_lines": [ 8.551867, 8.835291, 9.148705, 9.246914 ] }, { "date": "2025-04-25", "close": 8.648, "volume": 9042, "typical_volume": 9523.55, "trend": 9.302033, "fair_value": 8.082814, "relative_strength": -11.886685, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.925193, "energy": 87.127076, "activity_lines": [ 8.531933, 8.757036, 9.085419, 9.203718 ] }, { "date": "2025-05-02", "close": 8.861, "volume": 184, "typical_volume": 9180.0, "trend": 9.290667, "fair_value": 8.091269, "relative_strength": -11.881204, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.316974, "energy": 62.404307, "activity_lines": [ 8.6214, 8.736891, 9.047105, 9.175265 ] }, { "date": "2025-05-09", "close": 8.917, "volume": 115, "typical_volume": 8372.0, "trend": 9.278367, "fair_value": 8.100314, "relative_strength": -13.525609, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.510936, "energy": 44.775671, "activity_lines": [ 8.7456, 8.742255, 9.017129, 9.151157 ] }, { "date": "2025-05-16", "close": 9.055, "volume": 25806, "typical_volume": 9405.45, "trend": 9.265467, "fair_value": 8.112032, "relative_strength": -14.791601, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.439117, "energy": 25.943294, "activity_lines": [ 8.8854, 8.784673, 9.0024, 9.136746 ] }, { "date": "2025-05-23", "close": 8.93, "volume": 1057, "typical_volume": 9341.75, "trend": 9.252767, "fair_value": 8.120904, "relative_strength": -13.253332, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.539164, "energy": 28.422423, "activity_lines": [ 8.932733, 8.805891, 8.977271, 9.115103 ] }, { "date": "2025-05-30", "close": 8.983, "volume": 3567, "typical_volume": 8811.2, "trend": 9.248333, "fair_value": 8.129846, "relative_strength": -13.886993, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.792471, "energy": 26.601302, "activity_lines": [ 8.966333, 8.840073, 8.959605, 9.097699 ] }, { "date": "2025-06-06", "close": 9.034, "volume": 587, "typical_volume": 8361.45, "trend": 9.236933, "fair_value": 8.140853, "relative_strength": -14.272634, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.56163, "energy": 24.835506, "activity_lines": [ 8.9946, 8.887909, 8.948948, 9.083871 ] }, { "date": "2025-06-13", "close": 9.06, "volume": 870, "typical_volume": 8091.8, "trend": 9.2273, "fair_value": 8.155038, "relative_strength": -11.14153, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.506669, "energy": 19.579919, "activity_lines": [ 9.02, 8.941709, 8.943557, 9.072456 ] }, { "date": "2025-06-20", "close": 8.888, "volume": 1947, "typical_volume": 5435.45, "trend": 9.205533, "fair_value": 8.167122, "relative_strength": -12.010495, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.560328, "energy": 15.37281, "activity_lines": [ 8.978533, 8.953345, 8.924676, 9.050566 ] }, { "date": "2025-06-27", "close": 8.958, "volume": 1132, "typical_volume": 5408.55, "trend": 9.186133, "fair_value": 8.180667, "relative_strength": -12.080083, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.423964, "energy": 12.215866, "activity_lines": [ 8.971533, 8.966891, 8.916476, 9.034596 ] }, { "date": "2025-07-04", "close": 8.932, "volume": 4327, "typical_volume": 5563.7, "trend": 9.1628, "fair_value": 8.190923, "relative_strength": -11.737821, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.918751, "energy": 18.0541, "activity_lines": [ 8.954, 8.966636, 8.909438, 9.0182 ] }, { "date": "2025-07-11", "close": 9.006, "volume": 1302, "typical_volume": 5332.4, "trend": 9.1466, "fair_value": 8.202321, "relative_strength": -11.652837, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.928342, "energy": 22.317551, "activity_lines": [ 8.964533, 8.974673, 8.913171, 9.008084 ] }, { "date": "2025-07-18", "close": 9.005, "volume": 2763, "typical_volume": 4665.15, "trend": 9.1348, "fair_value": 8.211141, "relative_strength": -11.86015, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.539923, "energy": 14.8336, "activity_lines": [ 8.9766, 8.979891, 8.920133, 8.998948 ] }, { "date": "2025-07-25", "close": 9.098, "volume": 2067, "typical_volume": 4387.6, "trend": 9.1257, "fair_value": 8.220071, "relative_strength": -11.599489, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.460903, "energy": 17.711844, "activity_lines": [ 9.023333, 9.000418, 8.938667, 8.996574 ] }, { "date": "2025-08-01", "close": 9.07, "volume": 493, "typical_volume": 4101.35, "trend": 9.113467, "fair_value": 8.227128, "relative_strength": -9.912237, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.810719, "energy": 25.220844, "activity_lines": [ 9.046733, 9.015073, 8.954729, 8.992981 ] }, { "date": "2025-08-08", "close": 8.987, "volume": 220, "typical_volume": 4044.8, "trend": 9.098533, "fair_value": 8.232821, "relative_strength": -14.047544, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.180718, "energy": 15.273535, "activity_lines": [ 9.035, 9.012091, 8.96309, 8.984822 ] }, { "date": "2025-08-15", "close": 8.972, "volume": 23, "typical_volume": 3746.2, "trend": 9.076933, "fair_value": 8.238429, "relative_strength": -15.944276, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.397926, "energy": 12.413933, "activity_lines": [ 9.0146, 9.006309, 8.971152, 8.976658 ] }, { "date": "2025-08-22", "close": 9.124, "volume": 802, "typical_volume": 3614.0, "trend": 9.058833, "fair_value": 8.246013, "relative_strength": -15.43993, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 24.177916, "energy": 21.400757, "activity_lines": [ 9.047133, 9.029291, 8.99431, 8.979695 ] }, { "date": "2025-08-29", "close": 9.159, "volume": 6541, "typical_volume": 3451.1, "trend": 9.039767, "fair_value": 8.256128, "relative_strength": -12.555045, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 44.529729, "energy": 40.816661, "activity_lines": [ 9.0834, 9.057473, 9.017643, 8.986157 ] }, { "date": "2025-09-05", "close": 9.104, "volume": 2860, "typical_volume": 3285.25, "trend": 9.019167, "fair_value": 8.265468, "relative_strength": -11.520963, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.760316, "energy": 49.781532, "activity_lines": [ 9.097267, 9.070727, 9.031614, 8.990301 ] }, { "date": "2025-09-12", "close": 9.243, "volume": 863, "typical_volume": 2876.3, "trend": 9.003467, "fair_value": 8.275538, "relative_strength": -11.828649, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.654909, "energy": 78.739663, "activity_lines": [ 9.1552, 9.1066, 9.055752, 9.004742 ] }, { "date": "2025-09-19", "close": 9.236, "volume": 3483, "typical_volume": 3041.25, "trend": 8.987867, "fair_value": 8.289212, "relative_strength": -11.016389, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.871475, "energy": 81.300652, "activity_lines": [ 9.193733, 9.135545, 9.07639, 9.019744 ] }, { "date": "2025-09-26", "close": 9.231, "volume": 1345, "typical_volume": 3102.75, "trend": 8.9764, "fair_value": 8.303705, "relative_strength": -11.442007, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.501166, "energy": 78.593696, "activity_lines": [ 9.213, 9.1594, 9.094767, 9.03543 ] }, { "date": "2025-10-03", "close": 9.366, "volume": 3579, "typical_volume": 1991.4, "trend": 8.983967, "fair_value": 8.318968, "relative_strength": -11.016208, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.777168, "energy": 89.4383, "activity_lines": [ 9.270133, 9.203691, 9.124505, 9.060566 ] }, { "date": "2025-10-10", "close": 9.489, "volume": 1151, "typical_volume": 1996.1, "trend": 8.9965, "fair_value": 8.336878, "relative_strength": -6.922335, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.347841, "energy": 94.205547, "activity_lines": [ 9.354467, 9.265473, 9.164476, 9.093148 ] }, { "date": "2025-10-17", "close": 9.397, "volume": 4094, "typical_volume": 2022.45, "trend": 9.002267, "fair_value": 8.353019, "relative_strength": -6.865698, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.684918, "energy": 85.218683, "activity_lines": [ 9.382467, 9.302909, 9.193024, 9.118987 ] }, { "date": "2025-10-24", "close": 9.534, "volume": 3244, "typical_volume": 2155.3, "trend": 9.016667, "fair_value": 8.368269, "relative_strength": -6.807706, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.637206, "energy": 92.413706, "activity_lines": [ 9.445867, 9.3578, 9.232648, 9.153292 ] }, { "date": "2025-10-31", "close": 9.538, "volume": 3608, "typical_volume": 2292.2, "trend": 9.052567, "fair_value": 8.383763, "relative_strength": -7.94566, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.196639, "energy": 86.639859, "activity_lines": [ 9.490733, 9.4032, 9.270271, 9.186927 ] }, { "date": "2025-11-07", "close": 9.349, "volume": 1391, "typical_volume": 2264.4, "trend": 9.087767, "fair_value": 8.397128, "relative_strength": -8.795148, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.651179, "energy": 59.998355, "activity_lines": [ 9.452133, 9.406709, 9.287619, 9.206052 ] }, { "date": "2025-11-14", "close": 9.46, "volume": 2490, "typical_volume": 2332.3, "trend": 9.121133, "fair_value": 8.411115, "relative_strength": -9.54614, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.503466, "energy": 54.778606, "activity_lines": [ 9.451667, 9.426945, 9.313343, 9.230067 ] }, { "date": "2025-11-21", "close": 9.324, "volume": 1596, "typical_volume": 2195.75, "trend": 9.143667, "fair_value": 8.424115, "relative_strength": -7.565154, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.82481, "energy": 38.136773, "activity_lines": [ 9.4078, 9.415982, 9.323724, 9.243155 ] }, { "date": "2025-11-28", "close": 9.471, "volume": 1341, "typical_volume": 2197.7, "trend": 9.164, "fair_value": 8.437763, "relative_strength": -7.106259, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.758882, "energy": 35.596909, "activity_lines": [ 9.4178, 9.430273, 9.346238, 9.264273 ] }, { "date": "2025-12-05", "close": 9.514, "volume": 1495, "typical_volume": 2134.3, "trend": 9.1839, "fair_value": 8.452487, "relative_strength": -6.402843, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.247049, "energy": 42.355937, "activity_lines": [ 9.446333, 9.448109, 9.370633, 9.286854 ] }, { "date": "2025-12-12", "close": 9.463, "volume": 715, "typical_volume": 2066.7, "trend": 9.1975, "fair_value": 8.46941, "relative_strength": -6.659149, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.20374, "energy": 41.36919, "activity_lines": [ 9.459467, 9.451527, 9.387748, 9.30486 ] }, { "date": "2025-12-19", "close": 9.421, "volume": 4390, "typical_volume": 2261.55, "trend": 9.213867, "fair_value": 8.486808, "relative_strength": -9.156197, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.914809, "energy": 40.663334, "activity_lines": [ 9.451, 9.445545, 9.399124, 9.31928 ] }, { "date": "2025-12-26", "close": 9.421, "volume": 0, "typical_volume": 2250.55, "trend": 9.228467, "fair_value": 8.504179, "relative_strength": -8.368651, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.323971, "energy": 35.978652, "activity_lines": [ 9.445133, 9.4408, 9.408829, 9.332643 ] }, { "date": "2026-01-02", "close": 9.521, "volume": 104, "typical_volume": 2254.6, "trend": 9.2447, "fair_value": 8.520891, "relative_strength": -8.452045, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.057255, "energy": 39.869607, "activity_lines": [ 9.466133, 9.4538, 9.42599, 9.351516 ] }, { "date": "2026-01-09", "close": 9.808, "volume": 731, "typical_volume": 2251.05, "trend": 9.269633, "fair_value": 8.537917, "relative_strength": -5.975314, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.357903, "energy": 72.694422, "activity_lines": [ 9.579467, 9.519218, 9.467871, 9.387858 ] }, { "date": "2026-01-16", "close": 9.869, "volume": 2491, "typical_volume": 2048.55, "trend": 9.302333, "fair_value": 8.555821, "relative_strength": -5.160035, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.862463, "energy": 92.675848, "activity_lines": [ 9.693533, 9.590818, 9.512305, 9.426527 ] }, { "date": "2026-01-23", "close": 9.784, "volume": 1608, "typical_volume": 1985.95, "trend": 9.329867, "fair_value": 8.571205, "relative_strength": -3.548364, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.106655, "energy": 88.851768, "activity_lines": [ 9.7522, 9.637509, 9.545262, 9.457602 ] }, { "date": "2026-01-30", "close": 9.693, "volume": 351, "typical_volume": 1960.35, "trend": 9.355233, "fair_value": 8.583859, "relative_strength": -5.471105, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.097075, "energy": 85.736466, "activity_lines": [ 9.756333, 9.661764, 9.566314, 9.48103 ] }, { "date": "2026-02-06", "close": 9.743, "volume": 4172, "typical_volume": 1994.8, "trend": 9.3798, "fair_value": 8.597532, "relative_strength": -5.304211, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.026231, "energy": 76.123851, "activity_lines": [ 9.759, 9.6884, 9.589986, 9.506047 ] }, { "date": "2026-02-13", "close": 9.754, "volume": 1121, "typical_volume": 1983.6, "trend": 9.404767, "fair_value": 8.612256, "relative_strength": -3.928188, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.087286, "energy": 57.153078, "activity_lines": [ 9.750533, 9.712091, 9.61229, 9.530189 ] }, { "date": "2026-02-20", "close": 9.812, "volume": 6187, "typical_volume": 2114.0, "trend": 9.428567, "fair_value": 8.628596, "relative_strength": -5.185731, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.416372, "energy": 56.614395, "activity_lines": [ 9.765, 9.741964, 9.637629, 9.556462 ] }, { "date": "2026-02-27", "close": 9.898, "volume": 101597, "typical_volume": 7136.3, "trend": 9.456167, "fair_value": 8.64484, "relative_strength": -5.537469, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.192182, "energy": 62.868824, "activity_lines": [ 9.811933, 9.781127, 9.669033, 9.586748 ] }, { "date": "2026-03-06", "close": 9.766, "volume": 918, "typical_volume": 6977.5, "trend": 9.482133, "fair_value": 8.661679, "relative_strength": -0.206922, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.661092, "energy": 51.457262, "activity_lines": [ 9.807267, 9.787618, 9.685919, 9.606738 ] }, { "date": "2026-03-13", "close": 9.712, "volume": 1803, "typical_volume": 6905.45, "trend": 9.5068, "fair_value": 8.677519, "relative_strength": -0.985571, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.094307, "energy": 44.491768, "activity_lines": [ 9.779733, 9.778018, 9.695905, 9.621568 ] }, { "date": "2026-03-20", "close": 9.459, "volume": 26046, "typical_volume": 8027.35, "trend": 9.517967, "fair_value": 8.692237, "relative_strength": -0.107902, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 12.908649, "energy": 11.631338, "activity_lines": [ 9.669933, 9.718945, 9.680948, 9.618484 ] }, { "date": "2026-03-27", "close": 9.389, "volume": 2514, "typical_volume": 8083.5, "trend": 9.525633, "fair_value": 8.704962, "relative_strength": -1.918859, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.044444, "energy": 26.322171, "activity_lines": [ 9.556467, 9.653491, 9.6597, 9.610163 ] }, { "date": "2026-04-03", "close": 9.543, "volume": 640, "typical_volume": 7991.0, "trend": 9.540267, "fair_value": 8.7205, "relative_strength": -4.927361, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.164251, "energy": 30.87872, "activity_lines": [ 9.522533, 9.624764, 9.652929, 9.611284 ] }, { "date": "2026-04-10", "close": 9.677, "volume": 775, "typical_volume": 7949.95, "trend": 9.554733, "fair_value": 8.737013, "relative_strength": -7.282112, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.191838, "energy": 24.56984, "activity_lines": [ 9.556933, 9.624782, 9.658524, 9.620105 ] }, { "date": "2026-04-17", "close": 9.803, "volume": 2607, "typical_volume": 8013.25, "trend": 9.573633, "fair_value": 8.755788, "relative_strength": -8.218754, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.914758, "energy": 17.606923, "activity_lines": [ 9.639267, 9.648, 9.674438, 9.636123 ] }, { "date": "2026-04-24", "close": 9.781, "volume": 119, "typical_volume": 7944.45, "trend": 9.591967, "fair_value": 8.775731, "relative_strength": -5.875946, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.399405, "energy": 31.194543, "activity_lines": [ 9.7082, 9.666127, 9.686676, 9.649501 ] }, { "date": "2026-05-01", "close": 9.878, "volume": 40862, "typical_volume": 9951.8, "trend": 9.609033, "fair_value": 8.796955, "relative_strength": -5.885448, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 61.005557, "energy": 49.02666, "activity_lines": [ 9.788, 9.7014, 9.706881, 9.667955 ] }, { "date": "2026-05-08", "close": 10.07, "volume": 800, "typical_volume": 9772.3, "trend": 9.6284, "fair_value": 8.818558, "relative_strength": -5.90371, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 86.412851, "energy": 83.126449, "activity_lines": [ 9.8992, 9.770382, 9.743395, 9.697695 ] }, { "date": "2026-05-15", "close": 10.052, "volume": 151, "typical_volume": 9779.85, "trend": 9.650233, "fair_value": 8.838321, "relative_strength": -5.588097, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.350474, "energy": 85.857529, "activity_lines": [ 9.969267, 9.832964, 9.775105, 9.725024 ] }, { "date": "2026-05-22", "close": 10.196, "volume": 1766, "typical_volume": 9862.95, "trend": 9.6723, "fair_value": 8.856442, "relative_strength": -4.82834, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.587597, "energy": 89.499578, "activity_lines": [ 10.062333, 9.916527, 9.817524, 9.760234 ] }, { "date": "2026-05-29", "close": 10.2, "volume": 2098, "typical_volume": 9931.3, "trend": 9.694367, "fair_value": 8.874423, "relative_strength": -5.622106, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.111748, "energy": 87.964059, "activity_lines": [ 10.130533, 9.992018, 9.85711, 9.79428 ] }, { "date": "2026-06-05", "close": 10.2, "volume": 0, "typical_volume": 9806.75, "trend": 9.722733, "fair_value": 8.89141, "relative_strength": -5.197243, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.29276, "energy": 87.438706, "activity_lines": [ 10.1708, 10.054036, 9.894829, 9.826901 ] }, { "date": "2026-06-12", "close": 10.086, "volume": 150, "typical_volume": 9733.85, "trend": 9.7436, "fair_value": 8.906859, "relative_strength": -8.90154, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.342764, "energy": 66.929357, "activity_lines": [ 10.1516, 10.080582, 9.920114, 9.850338 ] }, { "date": "2026-06-19", "close": 10.08, "volume": 1, "typical_volume": 9716.35, "trend": 9.7688, "fair_value": 8.924077, "relative_strength": -10.999669, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.653429, "energy": 56.491892, "activity_lines": [ 10.129333, 10.096164, 9.94339, 9.872041 ] }, { "date": "2026-06-26", "close": 10.126, "volume": 1, "typical_volume": 9507.8, "trend": 9.790633, "fair_value": 8.9405, "relative_strength": -7.599832, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.926143, "energy": 52.138645, "activity_lines": [ 10.120533, 10.112782, 9.969205, 9.895086 ] }, { "date": "2026-07-03", "close": 10.25, "volume": 0, "typical_volume": 9451.75, "trend": 9.815167, "fair_value": 8.957891, "relative_strength": -8.963221, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.8154, "energy": 56.760462, "activity_lines": [ 10.157733, 10.146073, 10.005005, 9.924723 ] }, { "date": "2026-07-10", "close": 10.25, "volume": 858, "typical_volume": 9185.3, "trend": 9.8414, "fair_value": 8.974731, "relative_strength": -8.361352, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.620442, "energy": 60.702403, "activity_lines": [ 10.1916, 10.170836, 10.038443, 9.952776 ] }, { "date": "2026-07-17", "close": 10.136, "volume": 321, "typical_volume": 4121.5, "trend": 9.865233, "fair_value": 8.991083, "relative_strength": -7.868517, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.744988, "energy": 51.915207, "activity_lines": [ 10.184133, 10.168109, 10.058938, 9.971783 ] }, { "date": "2026-07-24", "close": 10.256, "volume": 72, "typical_volume": 4079.2, "trend": 9.893067, "fair_value": 9.008205, "relative_strength": -6.418149, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.567631, "energy": 55.484924, "activity_lines": [ 10.213333, 10.186, 10.089729, 9.996994 ] }, { "date": "2026-07-31", "close": 10.208, "volume": 216, "typical_volume": 3999.85, "trend": 9.915967, "fair_value": 9.025776, "relative_strength": -7.253612, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.605518, "energy": 48.999108, "activity_lines": [ 10.2148, 10.191455, 10.113614, 10.017312 ] }, { "date": "2026-08-07", "close": 10.344, "volume": 22468, "typical_volume": 3820.95, "trend": 9.933833, "fair_value": 9.045449, "relative_strength": -8.524647, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.889527, "energy": 57.70388, "activity_lines": [ 10.256133, 10.221418, 10.14809, 10.044927 ] } ], "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." } } }