{ "ticker": { "uuid": "94f42b5d-2a79-461e-8057-1164a007cb50", "symbol": "FBT", "name": "First Trust NYSE Arca Biotechnology UCITS ETF Class A USD Accumulation", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 62.792, "architecture_energy": 63.213, "architecture_maturity": 78.743, "architecture_confidence": 52.249, "architecture_tenure": "Developing", "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": 15.58, "rotation_up": 48.28, "upward_expansion": 76.17, "deceleration": 74.32, "rotation_down": 29.12, "downward_expansion": 16.5 }, "activity_lines": [ 26.348333, 26.262091, 24.945024, 23.998667 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 26.315001, "trend_reference": 23.051, "distance_from_trend": 0.141599, "trend_direction": "Improving", "fair_value": 19.223833, "distance_from_fair_value": 0.368874, "fair_value_direction": "Improving", "relative_strength": 3.57868, "relative_strength_direction": "Improving", "price_momentum": 0.199681, "excess_performance": 0.028789, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.141599, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.060149, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.368874, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.200531, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.035787, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.076879, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.199681, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.519235, "read": "Supply-led" } ], "volume": { "latest": 3609, "relative_activity": 0.508367, "balance": 0.519235, "dry_up": 0.434838, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.030869, "annualized_volatility": 0.185016, "from_high_reference": -0.04811, "from_low_reference": 0.526569 }, "levels": { "trend_reference": 23.051, "fair_value_reference": 19.223833, "structural_low": 20.24, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 24, "median_return": 0.004003, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": 0.001875, "regime_survival": 0.75, "best_return": 0.111275, "worst_return": -0.100794, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.016241, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.012496, "regime_survival": 0.555556, "best_return": 0.097747, "worst_return": -0.193703, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.048205, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": -0.117165, "regime_survival": 0.4, "best_return": 0.101154, "worst_return": -0.080235, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.043109, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.141802, "regime_survival": 0.0, "best_return": 0.122115, "worst_return": -0.035897, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-15", "end": "2024-04-19", "tenure": "Developing", "return": -0.011776, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-26", "end": "2024-07-12", "tenure": "Developing", "return": 0.084746, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2025-02-28", "tenure": "Extended", "return": 0.150122, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-07", "end": "2025-03-28", "tenure": "New", "return": -0.044576, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": -0.083524, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-08-15", "tenure": "Established", "return": 0.078577, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-22", "end": "2025-09-05", "tenure": "New", "return": 0.014187, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-12", "end": "2025-09-26", "tenure": "New", "return": -0.009526, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-03", "end": "2026-02-13", "tenure": "Established", "return": 0.102589, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-20", "end": "2026-03-20", "tenure": "Developing", "return": -0.056879, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-10", "tenure": "New", "return": 0.050134, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-05-22", "tenure": "Developing", "return": 0.030094, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-29", "end": "2026-06-12", "tenure": "New", "return": 0.031076, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": 0.078484, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 17.025999, "volume": 8, "typical_volume": 8035.65, "trend": 17.3268, "fair_value": 17.007628, "relative_strength": -10.57063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.692388, "energy": 33.624283, "activity_lines": [ 16.9628, 17.002291, 17.141353, 17.167665 ] }, { "date": "2023-08-25", "close": 17.27, "volume": 1000, "typical_volume": 7897.8, "trend": 17.2936, "fair_value": 17.014269, "relative_strength": -10.254393, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.133075, "energy": 19.170904, "activity_lines": [ 17.060266, 17.032109, 17.153991, 17.164 ] }, { "date": "2023-09-01", "close": 17.638, "volume": 21013, "typical_volume": 8510.45, "trend": 17.260333, "fair_value": 17.026654, "relative_strength": -9.387574, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.976319, "energy": 20.623247, "activity_lines": [ 17.266933, 17.136655, 17.199629, 17.18622 ] }, { "date": "2023-09-08", "close": 17.344, "volume": 700, "typical_volume": 7352.7, "trend": 17.225267, "fair_value": 17.03591, "relative_strength": -9.102792, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.724163, "energy": 21.829443, "activity_lines": [ 17.336933, 17.186618, 17.213467, 17.191617 ] }, { "date": "2023-09-15", "close": 17.379999, "volume": 3531, "typical_volume": 6839.8, "trend": 17.191467, "fair_value": 17.042859, "relative_strength": -10.519557, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 51.595355, "energy": 39.109492, "activity_lines": [ 17.383733, 17.238582, 17.228333, 17.2016 ] }, { "date": "2023-09-22", "close": 16.790001, "volume": 5957, "typical_volume": 6717.5, "trend": 17.158533, "fair_value": 17.045333, "relative_strength": -11.982345, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 11.648462, "energy": 12.080763, "activity_lines": [ 17.2032, 17.174545, 17.184438, 17.175699 ] }, { "date": "2023-09-29", "close": 16.958, "volume": 1908, "typical_volume": 6139.95, "trend": 17.132867, "fair_value": 17.048333, "relative_strength": -9.530993, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -23.762783, "energy": 16.257876, "activity_lines": [ 17.0944, 17.143091, 17.156781, 17.162761 ] }, { "date": "2023-10-06", "close": 16.916, "volume": 5534, "typical_volume": 5072.85, "trend": 17.1264, "fair_value": 17.04741, "relative_strength": -7.810563, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -27.719873, "energy": 29.041549, "activity_lines": [ 16.9924, 17.106, 17.124562, 17.14877 ] }, { "date": "2023-10-13", "close": 16.761999, "volume": 4986, "typical_volume": 5287.0, "trend": 17.115133, "fair_value": 17.0455, "relative_strength": -9.470419, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -38.859701, "energy": 47.102304, "activity_lines": [ 16.8872, 17.043491, 17.082057, 17.12526 ] }, { "date": "2023-10-20", "close": 16.076, "volume": 9959, "typical_volume": 5668.4, "trend": 17.090667, "fair_value": 17.041718, "relative_strength": -9.86679, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -88.629847, "energy": 82.834092, "activity_lines": [ 16.592133, 16.857236, 16.978229, 17.058219 ] }, { "date": "2023-10-27", "close": 15.756, "volume": 735, "typical_volume": 5167.35, "trend": 17.054533, "fair_value": 17.04, "relative_strength": -10.912777, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.287757, "energy": 93.292799, "activity_lines": [ 16.277333, 16.628145, 16.850352, 16.972112 ] }, { "date": "2023-11-03", "close": 15.964, "volume": 16584, "typical_volume": 5583.65, "trend": 17.025333, "fair_value": 17.036, "relative_strength": -13.59068, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.035902, "energy": 88.863962, "activity_lines": [ 16.1008, 16.459964, 16.751924, 16.901755 ] }, { "date": "2023-11-10", "close": 15.824, "volume": 9077, "typical_volume": 5963.65, "trend": 16.991467, "fair_value": 17.030103, "relative_strength": -13.356095, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.550016, "energy": 90.706317, "activity_lines": [ 15.943867, 16.290073, 16.648429, 16.824249 ] }, { "date": "2023-11-17", "close": 15.612, "volume": 51854, "typical_volume": 8200.05, "trend": 16.950533, "fair_value": 17.025487, "relative_strength": -16.909413, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.411222, "energy": 90.940178, "activity_lines": [ 15.789067, 16.114618, 16.533086, 16.735252 ] }, { "date": "2023-11-24", "close": 15.64, "volume": 597, "typical_volume": 8101.2, "trend": 16.910533, "fair_value": 17.020103, "relative_strength": -16.078195, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.672254, "energy": 82.823168, "activity_lines": [ 15.720267, 15.975745, 16.427467, 16.650701 ] }, { "date": "2023-12-01", "close": 15.984, "volume": 4580, "typical_volume": 8100.15, "trend": 16.882, "fair_value": 17.016731, "relative_strength": -15.15691, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.051402, "energy": 61.378229, "activity_lines": [ 15.7952, 15.931054, 16.360609, 16.590925 ] }, { "date": "2023-12-08", "close": 16.416, "volume": 552, "typical_volume": 8127.3, "trend": 16.867867, "fair_value": 17.017628, "relative_strength": -13.701991, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.445547, "energy": 44.186975, "activity_lines": [ 15.998933, 15.979564, 16.339267, 16.56086 ] }, { "date": "2023-12-15", "close": 17.233999, "volume": 1761, "typical_volume": 7886.95, "trend": 16.8478, "fair_value": 17.018974, "relative_strength": -8.790928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -7.979485, "energy": 17.899583, "activity_lines": [ 16.4452, 16.186654, 16.398933, 16.584482 ] }, { "date": "2023-12-22", "close": 17.375999, "volume": 24840, "typical_volume": 9098.05, "trend": 16.8402, "fair_value": 17.018872, "relative_strength": -7.47547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 25.895263, "energy": 37.053645, "activity_lines": [ 16.844799, 16.413781, 16.471285, 16.618559 ] }, { "date": "2023-12-29", "close": 17.563999, "volume": 300, "typical_volume": 8273.8, "trend": 16.8448, "fair_value": 17.023038, "relative_strength": -6.010779, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.222632, "energy": 49.727826, "activity_lines": [ 17.189466, 16.663927, 16.558876, 16.665256 ] }, { "date": "2024-01-05", "close": 17.556, "volume": 1396, "typical_volume": 8343.2, "trend": 16.837333, "fair_value": 17.024013, "relative_strength": -5.924232, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.419987, "energy": 58.833538, "activity_lines": [ 17.403199, 16.885563, 16.642638, 16.71114 ] }, { "date": "2024-01-12", "close": 17.264, "volume": 6507, "typical_volume": 8618.55, "trend": 16.8228, "fair_value": 17.020744, "relative_strength": -7.158686, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.267326, "energy": 62.729661, "activity_lines": [ 17.4148, 17.021381, 16.696066, 16.738666 ] }, { "date": "2024-01-19", "close": 16.926001, "volume": 14335, "typical_volume": 8284.65, "trend": 16.801133, "fair_value": 17.014526, "relative_strength": -8.007897, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.03029, "energy": 47.226683, "activity_lines": [ 17.2572, 17.072109, 16.717333, 16.745325 ] }, { "date": "2024-01-26", "close": 17.021999, "volume": 525, "typical_volume": 8275.9, "trend": 16.798733, "fair_value": 17.008833, "relative_strength": -7.392547, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.728283, "energy": 26.589768, "activity_lines": [ 17.152133, 17.120254, 16.751133, 16.759574 ] }, { "date": "2024-02-02", "close": 16.728001, "volume": 5717, "typical_volume": 8385.2, "trend": 16.793, "fair_value": 16.998192, "relative_strength": -9.574152, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 8.818392, "energy": 11.292711, "activity_lines": [ 16.972667, 17.089309, 16.758467, 16.755011 ] }, { "date": "2024-02-09", "close": 16.736, "volume": 920, "typical_volume": 8133.35, "trend": 16.787467, "fair_value": 16.987385, "relative_strength": -10.409469, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 1.169311, "energy": 14.414489, "activity_lines": [ 16.8516, 17.040036, 16.769667, 16.751333 ] }, { "date": "2024-02-16", "close": 16.922001, "volume": 577, "typical_volume": 8066.8, "trend": 16.7826, "fair_value": 16.980923, "relative_strength": -10.687007, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 0.258246, "energy": 12.308001, "activity_lines": [ 16.8472, 17.010909, 16.798838, 16.760013 ] }, { "date": "2024-02-23", "close": 17.01, "volume": 1353, "typical_volume": 7857.75, "trend": 16.781, "fair_value": 16.982103, "relative_strength": -12.492168, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 2.986452, "energy": 10.659548, "activity_lines": [ 16.894934, 16.988582, 16.836562, 16.774684 ] }, { "date": "2024-03-01", "close": 17.403999, "volume": 17557, "typical_volume": 8486.3, "trend": 16.8006, "fair_value": 16.99191, "relative_strength": -10.785016, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.821776, "energy": 32.007715, "activity_lines": [ 17.0684, 17.041964, 16.911362, 16.814877 ] }, { "date": "2024-03-08", "close": 17.393999, "volume": 710, "typical_volume": 8023.85, "trend": 16.8164, "fair_value": 16.997462, "relative_strength": -11.785993, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 62.689712, "energy": 50.679927, "activity_lines": [ 17.213066, 17.093018, 16.982152, 16.853161 ] }, { "date": "2024-03-15", "close": 16.983999, "volume": 425, "typical_volume": 8008.35, "trend": 16.815, "fair_value": 16.999423, "relative_strength": -14.752619, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.473377, "energy": 50.271023, "activity_lines": [ 17.176666, 17.072618, 17.007619, 16.863974 ] }, { "date": "2024-03-22", "close": 17.284, "volume": 5560, "typical_volume": 7457.15, "trend": 16.815466, "fair_value": 17.004346, "relative_strength": -13.855379, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.548419, "energy": 59.995534, "activity_lines": [ 17.223733, 17.117163, 17.055809, 16.894232 ] }, { "date": "2024-03-29", "close": 17.507999, "volume": 6605, "typical_volume": 7333.55, "trend": 16.811133, "fair_value": 17.007538, "relative_strength": -13.424303, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.082185, "energy": 65.832647, "activity_lines": [ 17.321333, 17.202072, 17.119047, 16.938912 ] }, { "date": "2024-04-05", "close": 17.002001, "volume": 4839, "typical_volume": 4982.8, "trend": 16.799733, "fair_value": 17.011782, "relative_strength": -13.760803, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.15531, "energy": 31.916341, "activity_lines": [ 17.217067, 17.1844, 17.126076, 16.951226 ] }, { "date": "2024-04-12", "close": 17.058001, "volume": 2476, "typical_volume": 5076.75, "trend": 16.789, "fair_value": 17.015167, "relative_strength": -12.55666, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.264479, "energy": 26.491486, "activity_lines": [ 17.158267, 17.177273, 17.131819, 16.967888 ] }, { "date": "2024-04-19", "close": 16.784, "volume": 9084, "typical_volume": 5301.95, "trend": 16.7888, "fair_value": 17.016, "relative_strength": -14.041117, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.173736, "energy": 11.443821, "activity_lines": [ 17.030534, 17.114327, 17.104714, 16.967565 ] }, { "date": "2024-04-26", "close": 16.638, "volume": 748, "typical_volume": 5311.75, "trend": 16.778133, "fair_value": 17.015077, "relative_strength": -15.219246, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -6.343697, "energy": 20.389483, "activity_lines": [ 16.867467, 17.023964, 17.059895, 16.957836 ] }, { "date": "2024-05-03", "close": 16.768, "volume": 668, "typical_volume": 5257.1, "trend": 16.7732, "fair_value": 17.017641, "relative_strength": -12.635569, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.651467, "energy": 21.30046, "activity_lines": [ 16.7908, 16.9624, 17.0264, 16.957183 ] }, { "date": "2024-05-10", "close": 16.774, "volume": 260, "typical_volume": 4028.1, "trend": 16.7736, "fair_value": 17.020538, "relative_strength": -14.81839, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.357273, "energy": 35.104113, "activity_lines": [ 16.765467, 16.906327, 16.995695, 16.957234 ] }, { "date": "2024-05-17", "close": 17.124001, "volume": 4674, "typical_volume": 4246.8, "trend": 16.808533, "fair_value": 17.024359, "relative_strength": -14.3875, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.663254, "energy": 18.519327, "activity_lines": [ 16.872, 16.925346, 17.001191, 16.979841 ] }, { "date": "2024-05-24", "close": 17.112, "volume": 5413, "typical_volume": 4447.65, "trend": 16.853733, "fair_value": 17.028885, "relative_strength": -11.705821, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.930305, "energy": 12.802652, "activity_lines": [ 16.970134, 16.947091, 17.007638, 16.999419 ] }, { "date": "2024-05-31", "close": 16.771999, "volume": 6795, "typical_volume": 4462.05, "trend": 16.880667, "fair_value": 17.031308, "relative_strength": -12.993584, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.698645, "energy": 5.721806, "activity_lines": [ 16.933067, 16.904691, 16.983819, 16.994146 ] }, { "date": "2024-06-07", "close": 17.306, "volume": 4196, "typical_volume": 3955.1, "trend": 16.930067, "fair_value": 17.029038, "relative_strength": -10.178616, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.415341, "energy": 24.742728, "activity_lines": [ 17.065067, 16.968691, 17.0132, 17.021587 ] }, { "date": "2024-06-14", "close": 17.195999, "volume": 920, "typical_volume": 3974.85, "trend": 16.982867, "fair_value": 17.025436, "relative_strength": -4.94069, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.162206, "energy": 23.38748, "activity_lines": [ 17.124533, 17.016363, 17.030295, 17.038744 ] }, { "date": "2024-06-21", "close": 17.313999, "volume": 5641, "typical_volume": 3971.05, "trend": 17.038666, "fair_value": 17.022474, "relative_strength": -5.725943, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.320689, "energy": 39.320933, "activity_lines": [ 17.195199, 17.081963, 17.0578, 17.060107 ] }, { "date": "2024-06-28", "close": 17.610001, "volume": 8614, "typical_volume": 4355.75, "trend": 17.092867, "fair_value": 17.020936, "relative_strength": -3.415492, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 71.321537, "energy": 60.942677, "activity_lines": [ 17.351866, 17.196727, 17.110705, 17.096968 ] }, { "date": "2024-07-05", "close": 17.205999, "volume": 2300, "typical_volume": 4441.9, "trend": 17.1192, "fair_value": 17.016833, "relative_strength": -7.6169, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 26.944067, "energy": 42.02252, "activity_lines": [ 17.340666, 17.223018, 17.120971, 17.104267 ] }, { "date": "2024-07-12", "close": 18.048, "volume": 464, "typical_volume": 4397.45, "trend": 17.146333, "fair_value": 17.02268, "relative_strength": -4.530646, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 82.790401, "energy": 73.026361, "activity_lines": [ 17.5812, 17.392072, 17.210076, 17.164189 ] }, { "date": "2024-07-19", "close": 18.072001, "volume": 20923, "typical_volume": 4565.75, "trend": 17.169533, "fair_value": 17.026769, "relative_strength": -3.16817, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.344054, "energy": 79.986577, "activity_lines": [ 17.780267, 17.542218, 17.296524, 17.22391 ] }, { "date": "2024-07-26", "close": 18.638, "volume": 2060, "typical_volume": 4633.25, "trend": 17.205333, "fair_value": 17.03459, "relative_strength": 1.154077, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.881879, "energy": 88.691161, "activity_lines": [ 18.1096, 17.771673, 17.433695, 17.318649 ] }, { "date": "2024-08-02", "close": 18.17, "volume": 5334, "typical_volume": 4878.7, "trend": 17.2258, "fair_value": 17.035487, "relative_strength": 4.21273, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.134964, "energy": 80.592987, "activity_lines": [ 18.194667, 17.888509, 17.520371, 17.380886 ] }, { "date": "2024-08-09", "close": 18.48, "volume": 42622, "typical_volume": 6731.8, "trend": 17.266333, "fair_value": 17.040821, "relative_strength": 6.845039, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.693101, "energy": 79.248094, "activity_lines": [ 18.345733, 18.042473, 17.630924, 17.461802 ] }, { "date": "2024-08-16", "close": 18.634001, "volume": 1869, "typical_volume": 6495.0, "trend": 17.323267, "fair_value": 17.046756, "relative_strength": 3.811169, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.749029, "energy": 75.789522, "activity_lines": [ 18.4632, 18.193382, 17.750448, 17.550039 ] }, { "date": "2024-08-23", "close": 18.738001, "volume": 20602, "typical_volume": 7283.15, "trend": 17.380467, "fair_value": 17.050449, "relative_strength": 2.702656, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.969594, "energy": 62.034762, "activity_lines": [ 18.576267, 18.339055, 17.874514, 17.641312 ] }, { "date": "2024-08-30", "close": 18.709999, "volume": 7521, "typical_volume": 7535.4, "trend": 17.446533, "fair_value": 17.054782, "relative_strength": 0.646739, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.177065, "energy": 62.741722, "activity_lines": [ 18.6356, 18.4516, 17.987648, 17.727088 ] }, { "date": "2024-09-06", "close": 18.122, "volume": 887, "typical_volume": 7125.55, "trend": 17.492733, "fair_value": 17.056897, "relative_strength": 0.903091, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.327093, "energy": 49.677207, "activity_lines": [ 18.494133, 18.431855, 18.036914, 17.770667 ] }, { "date": "2024-09-13", "close": 18.702, "volume": 3164, "typical_volume": 7246.35, "trend": 17.552067, "fair_value": 17.06291, "relative_strength": 3.436761, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.821589, "energy": 48.593795, "activity_lines": [ 18.5492, 18.508255, 18.135048, 17.848684 ] }, { "date": "2024-09-20", "close": 18.997999, "volume": 929, "typical_volume": 7259.4, "trend": 17.618333, "fair_value": 17.06859, "relative_strength": 4.562883, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.07651, "energy": 51.307218, "activity_lines": [ 18.688133, 18.611273, 18.251543, 17.94197 ] }, { "date": "2024-09-27", "close": 18.775999, "volume": 3329, "typical_volume": 7412.85, "trend": 17.664067, "fair_value": 17.077872, "relative_strength": 0.684367, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.375162, "energy": 45.485515, "activity_lines": [ 18.728799, 18.656654, 18.336276, 18.016658 ] }, { "date": "2024-10-04", "close": 18.959999, "volume": 2225, "typical_volume": 7290.4, "trend": 17.716267, "fair_value": 17.088538, "relative_strength": 5.26538, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.348335, "energy": 52.365822, "activity_lines": [ 18.828266, 18.72269, 18.429, 18.100267 ] }, { "date": "2024-10-11", "close": 18.862, "volume": 15471, "typical_volume": 7793.3, "trend": 17.778867, "fair_value": 17.097654, "relative_strength": 2.703361, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.280361, "energy": 57.332034, "activity_lines": [ 18.878399, 18.765054, 18.503647, 18.174185 ] }, { "date": "2024-10-18", "close": 19.318001, "volume": 5824, "typical_volume": 7744.75, "trend": 17.846667, "fair_value": 17.111718, "relative_strength": 2.652543, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.858189, "energy": 58.658212, "activity_lines": [ 19.0312, 18.877745, 18.61339, 18.273484 ] }, { "date": "2024-10-25", "close": 19.059999, "volume": 1236, "typical_volume": 7596.75, "trend": 17.8984, "fair_value": 17.121615, "relative_strength": 2.636399, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.50617, "energy": 55.282804, "activity_lines": [ 19.056933, 18.928291, 18.686438, 18.351763 ] }, { "date": "2024-11-01", "close": 19.441999, "volume": 1499, "typical_volume": 7625.7, "trend": 17.979733, "fair_value": 17.135487, "relative_strength": 4.980405, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.508714, "energy": 68.699543, "activity_lines": [ 19.205866, 19.040545, 18.787514, 18.45135 ] }, { "date": "2024-11-08", "close": 20.215, "volume": 2852, "typical_volume": 7486.25, "trend": 18.084967, "fair_value": 17.156083, "relative_strength": 11.755503, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.899875, "energy": 90.280468, "activity_lines": [ 19.568066, 19.280545, 18.951514, 18.595561 ] }, { "date": "2024-11-15", "close": 18.917999, "volume": 3835, "typical_volume": 7247.3, "trend": 18.1561, "fair_value": 17.16716, "relative_strength": 3.348907, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.582912, "energy": 51.515401, "activity_lines": [ 19.414266, 19.257363, 18.978176, 18.649305 ] }, { "date": "2024-11-22", "close": 19.796, "volume": 2046, "typical_volume": 7234.6, "trend": 18.261367, "fair_value": 17.183647, "relative_strength": 10.159909, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.231246, "energy": 54.505538, "activity_lines": [ 19.5494, 19.379345, 19.082228, 18.755105 ] }, { "date": "2024-11-29", "close": 20.18, "volume": 2218, "typical_volume": 7322.3, "trend": 18.3751, "fair_value": 17.205083, "relative_strength": 12.284543, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.061497, "energy": 58.754856, "activity_lines": [ 19.780666, 19.551254, 19.210519, 18.878888 ] }, { "date": "2024-12-06", "close": 20.254999, "volume": 3810, "typical_volume": 6466.65, "trend": 18.491133, "fair_value": 17.224654, "relative_strength": 8.205988, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.2842, "energy": 58.312178, "activity_lines": [ 19.962266, 19.715309, 19.3358, 19.000172 ] }, { "date": "2024-12-13", "close": 20.17, "volume": 1465, "typical_volume": 6436.9, "trend": 18.592666, "fair_value": 17.241205, "relative_strength": 7.281536, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.974812, "energy": 70.281708, "activity_lines": [ 20.061333, 19.837018, 19.44259, 19.108486 ] }, { "date": "2024-12-20", "close": 19.563999, "volume": 4566, "typical_volume": 6398.5, "trend": 18.6744, "fair_value": 17.25182, "relative_strength": 7.492496, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.367555, "energy": 50.336678, "activity_lines": [ 19.961399, 19.826545, 19.484371, 19.171152 ] }, { "date": "2024-12-27", "close": 19.65, "volume": 988, "typical_volume": 4316.8, "trend": 18.770333, "fair_value": 17.263987, "relative_strength": 6.729805, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.90881, "energy": 41.787038, "activity_lines": [ 19.847066, 19.818945, 19.527704, 19.234094 ] }, { "date": "2025-01-03", "close": 19.988001, "volume": 455, "typical_volume": 4246.1, "trend": 18.859733, "fair_value": 17.285333, "relative_strength": 8.635936, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.755249, "energy": 33.561297, "activity_lines": [ 19.855133, 19.866763, 19.597657, 19.312654 ] }, { "date": "2025-01-10", "close": 20.325001, "volume": 8376, "typical_volume": 3634.8, "trend": 18.964033, "fair_value": 17.311032, "relative_strength": 7.390587, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.482662, "energy": 39.322539, "activity_lines": [ 19.988334, 19.958982, 19.693257, 19.407187 ] }, { "date": "2025-01-17", "close": 20.645, "volume": 3171, "typical_volume": 3417.3, "trend": 19.075067, "fair_value": 17.342423, "relative_strength": 5.499507, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.145183, "energy": 49.776777, "activity_lines": [ 20.223534, 20.093327, 19.811776, 19.515636 ] }, { "date": "2025-01-24", "close": 20.959999, "volume": 7467, "typical_volume": 3746.3, "trend": 19.186733, "fair_value": 17.376038, "relative_strength": 7.23609, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.135294, "energy": 71.036122, "activity_lines": [ 20.532067, 20.277127, 19.951081, 19.637245 ] }, { "date": "2025-01-31", "close": 21.584999, "volume": 2507, "typical_volume": 3713.45, "trend": 19.3327, "fair_value": 17.413211, "relative_strength": 9.428979, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.921755, "energy": 85.32925, "activity_lines": [ 20.955866, 20.537436, 20.136395, 19.791972 ] }, { "date": "2025-02-07", "close": 20.940001, "volume": 7855, "typical_volume": 4059.75, "trend": 19.4291, "fair_value": 17.44275, "relative_strength": 4.382349, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.562718, "energy": 77.877674, "activity_lines": [ 21.035667, 20.647945, 20.246552, 19.895669 ] }, { "date": "2025-02-14", "close": 20.565001, "volume": 15876, "typical_volume": 4687.1, "trend": 19.5122, "fair_value": 17.4745, "relative_strength": -0.004888, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.340274, "energy": 69.668428, "activity_lines": [ 20.927, 20.676455, 20.311748, 19.968953 ] }, { "date": "2025-02-21", "close": 20.82, "volume": 7102, "typical_volume": 4930.95, "trend": 19.584933, "fair_value": 17.506526, "relative_strength": -0.009376, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.984497, "energy": 55.548459, "activity_lines": [ 20.887334, 20.745691, 20.39271, 20.053327 ] }, { "date": "2025-02-28", "close": 20.785, "volume": 11177, "typical_volume": 4716.25, "trend": 19.6721, "fair_value": 17.536788, "relative_strength": -0.814321, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.453962, "energy": 41.113466, "activity_lines": [ 20.824334, 20.796746, 20.461481, 20.13075 ] }, { "date": "2025-03-07", "close": 19.562, "volume": 2006, "typical_volume": 4525.35, "trend": 19.708167, "fair_value": 17.559647, "relative_strength": -6.454575, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.309434, "energy": 15.176521, "activity_lines": [ 20.365334, 20.603236, 20.404619, 20.123647 ] }, { "date": "2025-03-14", "close": 19.058001, "volume": 1296, "typical_volume": 4528.35, "trend": 19.7223, "fair_value": 17.580865, "relative_strength": -8.987019, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.959533, "energy": 22.597061, "activity_lines": [ 19.8732, 20.319691, 20.298595, 20.081701 ] }, { "date": "2025-03-21", "close": 19.035999, "volume": 25823, "typical_volume": 5744.55, "trend": 19.732233, "fair_value": 17.59807, "relative_strength": -9.929464, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -39.07879, "energy": 44.268135, "activity_lines": [ 19.4992, 20.049055, 20.190486, 20.037424 ] }, { "date": "2025-03-28", "close": 18.690001, "volume": 955, "typical_volume": 5649.7, "trend": 19.731567, "fair_value": 17.61025, "relative_strength": -10.820908, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -43.389655, "energy": 61.604296, "activity_lines": [ 19.1118, 19.738946, 20.051357, 19.970183 ] }, { "date": "2025-04-04", "close": 17.431999, "volume": 16189, "typical_volume": 6267.4, "trend": 19.708566, "fair_value": 17.609776, "relative_strength": -7.015805, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -64.243448, "energy": 82.116833, "activity_lines": [ 18.447067, 19.235655, 19.799681, 19.821824 ] }, { "date": "2025-04-11", "close": 15.976, "volume": 17525, "typical_volume": 7041.35, "trend": 19.6177, "fair_value": 17.601737, "relative_strength": -13.116771, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -96.571682, "energy": 97.943594, "activity_lines": [ 17.520533, 18.531782, 19.416414, 19.581013 ] }, { "date": "2025-04-18", "close": 16.646, "volume": 3726, "typical_volume": 7116.75, "trend": 19.5393, "fair_value": 17.603455, "relative_strength": -14.286343, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.706635, "energy": 92.60054, "activity_lines": [ 17.0564, 18.051709, 19.115148, 19.38929 ] }, { "date": "2025-04-25", "close": 17.191999, "volume": 3503, "typical_volume": 7101.4, "trend": 19.4865, "fair_value": 17.610199, "relative_strength": -14.639986, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.109313, "energy": 87.669163, "activity_lines": [ 16.935066, 17.748982, 18.882709, 19.237852 ] }, { "date": "2025-05-02", "close": 17.614, "volume": 5066, "typical_volume": 7281.45, "trend": 19.441633, "fair_value": 17.619032, "relative_strength": -14.661972, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.304182, "energy": 82.275025, "activity_lines": [ 17.077333, 17.584309, 18.705048, 19.117045 ] }, { "date": "2025-05-09", "close": 16.837999, "volume": 12727, "typical_volume": 7689.5, "trend": 19.374167, "fair_value": 17.630647, "relative_strength": -20.420705, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.031177, "energy": 63.930523, "activity_lines": [ 17.032666, 17.336836, 18.465652, 18.949069 ] }, { "date": "2025-05-16", "close": 17.528, "volume": 5297, "typical_volume": 7904.95, "trend": 19.3145, "fair_value": 17.643788, "relative_strength": -19.628675, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.472177, "energy": 51.809561, "activity_lines": [ 17.2576, 17.286581, 18.304952, 18.829961 ] }, { "date": "2025-05-23", "close": 17.337999, "volume": 671, "typical_volume": 7915.75, "trend": 19.2571, "fair_value": 17.658891, "relative_strength": -17.954024, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.220576, "energy": 43.08588, "activity_lines": [ 17.315733, 17.238763, 18.136262, 18.702445 ] }, { "date": "2025-05-30", "close": 17.4, "volume": 29461, "typical_volume": 8970.0, "trend": 19.189033, "fair_value": 17.672301, "relative_strength": -18.765348, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.01708, "energy": 40.262254, "activity_lines": [ 17.3484, 17.233491, 17.986095, 18.582632 ] }, { "date": "2025-06-06", "close": 17.728001, "volume": 1520, "typical_volume": 8887.45, "trend": 19.106133, "fair_value": 17.690532, "relative_strength": -18.099079, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.805077, "energy": 33.020207, "activity_lines": [ 17.476533, 17.3176, 17.881095, 18.488372 ] }, { "date": "2025-06-13", "close": 17.747999, "volume": 515, "typical_volume": 8539.85, "trend": 19.067133, "fair_value": 17.712558, "relative_strength": -15.355479, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.890747, "energy": 29.738027, "activity_lines": [ 17.603733, 17.422836, 17.79189, 18.40075 ] }, { "date": "2025-06-20", "close": 16.934, "volume": 2302, "typical_volume": 8529.6, "trend": 18.971733, "fair_value": 17.721494, "relative_strength": -18.54973, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.509743, "energy": 34.630766, "activity_lines": [ 17.398933, 17.374327, 17.640457, 18.263129 ] }, { "date": "2025-06-27", "close": 16.917999, "volume": 333, "typical_volume": 8153.5, "trend": 18.863, "fair_value": 17.727917, "relative_strength": -19.364396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.52928, "energy": 39.859819, "activity_lines": [ 17.2284, 17.305491, 17.509647, 18.13063 ] }, { "date": "2025-07-04", "close": 17.01, "volume": 908, "typical_volume": 7405.1, "trend": 18.754833, "fair_value": 17.734929, "relative_strength": -18.451825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.744542, "energy": 46.139291, "activity_lines": [ 17.116533, 17.248436, 17.406752, 18.011082 ] }, { "date": "2025-07-11", "close": 17.49, "volume": 1142, "typical_volume": 7107.1, "trend": 18.6655, "fair_value": 17.739596, "relative_strength": -16.844931, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.004412, "energy": 45.608534, "activity_lines": [ 17.190666, 17.281963, 17.3665, 17.929479 ] }, { "date": "2025-07-18", "close": 17.257999, "volume": 6129, "typical_volume": 6854.7, "trend": 18.588633, "fair_value": 17.742429, "relative_strength": -18.124038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.005365, "energy": 42.782757, "activity_lines": [ 17.203333, 17.275563, 17.320009, 17.838673 ] }, { "date": "2025-07-25", "close": 17.313999, "volume": 8365, "typical_volume": 7172.65, "trend": 18.510767, "fair_value": 17.746519, "relative_strength": -18.314559, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.42631, "energy": 33.844067, "activity_lines": [ 17.267333, 17.271709, 17.295647, 17.756438 ] }, { "date": "2025-08-01", "close": 17.266001, "volume": 15147, "typical_volume": 7865.2, "trend": 18.420033, "fair_value": 17.744314, "relative_strength": -16.527142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.444751, "energy": 23.244955, "activity_lines": [ 17.29, 17.263018, 17.277419, 17.676131 ] }, { "date": "2025-08-08", "close": 17.15, "volume": 920, "typical_volume": 6620.05, "trend": 18.3142, "fair_value": 17.74175, "relative_strength": -19.932581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.438359, "energy": 27.053442, "activity_lines": [ 17.2508, 17.234545, 17.256676, 17.594193 ] }, { "date": "2025-08-15", "close": 17.954, "volume": 15434, "typical_volume": 7344.0, "trend": 18.2245, "fair_value": 17.745635, "relative_strength": -17.763466, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.319195, "energy": 6.250295, "activity_lines": [ 17.470267, 17.3568, 17.321485, 17.570955 ] }, { "date": "2025-08-22", "close": 18.326, "volume": 15579, "typical_volume": 7313.5, "trend": 18.1367, "fair_value": 17.751032, "relative_strength": -16.913555, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 12.814697, "energy": 19.780971, "activity_lines": [ 17.7828, 17.542582, 17.425228, 17.577503 ] }, { "date": "2025-08-29", "close": 17.983999, "volume": 3817, "typical_volume": 6628.1, "trend": 18.016667, "fair_value": 17.759532, "relative_strength": -15.936566, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.288068, "energy": 23.552543, "activity_lines": [ 17.910133, 17.655672, 17.492143, 17.567651 ] }, { "date": "2025-09-05", "close": 18.586, "volume": 6937, "typical_volume": 6788.65, "trend": 17.9382, "fair_value": 17.765288, "relative_strength": -11.567287, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 48.870214, "energy": 60.203256, "activity_lines": [ 18.193466, 17.859127, 17.606828, 17.604383 ] }, { "date": "2025-09-12", "close": 18.476, "volume": 314, "typical_volume": 6629.2, "trend": 17.868566, "fair_value": 17.771673, "relative_strength": -13.664615, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.869753, "energy": 64.448217, "activity_lines": [ 18.352133, 18.012254, 17.7018, 17.639079 ] }, { "date": "2025-09-19", "close": 18.698, "volume": 1194, "typical_volume": 6435.6, "trend": 17.797833, "fair_value": 17.779481, "relative_strength": -11.694726, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.141498, "energy": 69.429731, "activity_lines": [ 18.4964, 18.179091, 17.8118, 17.692591 ] }, { "date": "2025-09-26", "close": 18.299999, "volume": 6490, "typical_volume": 6123.75, "trend": 17.715, "fair_value": 17.790776, "relative_strength": -13.882054, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 63.67612, "energy": 69.683125, "activity_lines": [ 18.4584, 18.2516, 17.878733, 17.724989 ] }, { "date": "2025-10-03", "close": 19.622, "volume": 4585, "typical_volume": 6088.15, "trend": 17.717, "fair_value": 17.80784, "relative_strength": -8.576352, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.848989, "energy": 81.973762, "activity_lines": [ 18.8628, 18.545527, 18.064609, 17.848021 ] }, { "date": "2025-10-10", "close": 19.296, "volume": 7818, "typical_volume": 6445.5, "trend": 17.724933, "fair_value": 17.823532, "relative_strength": -7.181157, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.631451, "energy": 80.730158, "activity_lines": [ 19.049333, 18.738218, 18.209466, 17.949892 ] }, { "date": "2025-10-17", "close": 19.615999, "volume": 545, "typical_volume": 4999.7, "trend": 17.744266, "fair_value": 17.841058, "relative_strength": -4.693758, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.963718, "energy": 84.108564, "activity_lines": [ 19.2952, 18.952181, 18.375476, 18.071896 ] }, { "date": "2025-10-24", "close": 19.785999, "volume": 10698, "typical_volume": 5458.6, "trend": 17.7808, "fair_value": 17.85584, "relative_strength": -5.212574, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.275587, "energy": 90.045121, "activity_lines": [ 19.521733, 19.152218, 18.547123, 18.203621 ] }, { "date": "2025-10-31", "close": 20.309999, "volume": 2688, "typical_volume": 5567.25, "trend": 17.876733, "fair_value": 17.872955, "relative_strength": -3.913246, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.566225, "energy": 92.959797, "activity_lines": [ 19.850399, 19.414218, 18.758876, 18.366795 ] }, { "date": "2025-11-07", "close": 20.629999, "volume": 2171, "typical_volume": 5560.7, "trend": 18.031866, "fair_value": 17.88916, "relative_strength": -1.361186, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.826336, "energy": 93.336408, "activity_lines": [ 20.151732, 19.698327, 18.988904, 18.544425 ] }, { "date": "2025-11-14", "close": 21.139999, "volume": 3788, "typical_volume": 5733.45, "trend": 18.181666, "fair_value": 17.910006, "relative_strength": -1.113082, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.099425, "energy": 95.467705, "activity_lines": [ 20.555866, 20.027054, 19.249904, 18.74495 ] }, { "date": "2025-11-21", "close": 21.870001, "volume": 9800, "typical_volume": 6178.05, "trend": 18.3376, "fair_value": 17.935006, "relative_strength": 5.826407, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.444725, "energy": 97.037854, "activity_lines": [ 21.0804, 20.442072, 19.560323, 18.982907 ] }, { "date": "2025-11-28", "close": 22.57, "volume": 15897, "typical_volume": 6915.8, "trend": 18.5028, "fair_value": 17.964955, "relative_strength": 7.819764, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.944483, "energy": 97.152196, "activity_lines": [ 21.688, 20.922654, 19.914266, 19.255965 ] }, { "date": "2025-12-05", "close": 22.385, "volume": 8810, "typical_volume": 7049.85, "trend": 18.6877, "fair_value": 17.993372, "relative_strength": 7.036597, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.938156, "energy": 93.214366, "activity_lines": [ 22.048333, 21.2992, 20.2264, 19.50643 ] }, { "date": "2025-12-12", "close": 21.815001, "volume": 2834, "typical_volume": 6773.3, "trend": 18.8306, "fair_value": 18.018814, "relative_strength": 4.437185, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.356216, "energy": 76.536323, "activity_lines": [ 22.080334, 21.497836, 20.459833, 19.708191 ] }, { "date": "2025-12-19", "close": 22.215, "volume": 3052, "typical_volume": 6168.55, "trend": 18.993166, "fair_value": 18.04682, "relative_strength": 3.741413, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.846822, "energy": 68.487828, "activity_lines": [ 22.166667, 21.729327, 20.709928, 19.92654 ] }, { "date": "2025-12-26", "close": 22.440001, "volume": 3263, "typical_volume": 6285.7, "trend": 19.161166, "fair_value": 18.078769, "relative_strength": 5.452727, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.197176, "energy": 69.00413, "activity_lines": [ 22.256334, 21.948655, 20.957886, 20.148916 ] }, { "date": "2026-01-02", "close": 21.540001, "volume": 29842, "typical_volume": 7006.1, "trend": 19.288233, "fair_value": 18.101564, "relative_strength": -0.04063, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.706243, "energy": 62.495555, "activity_lines": [ 22.008001, 21.953, 21.094938, 20.302389 ] }, { "date": "2026-01-09", "close": 22.68, "volume": 3139, "typical_volume": 6384.1, "trend": 19.452633, "fair_value": 18.129397, "relative_strength": 4.808364, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.140751, "energy": 67.182638, "activity_lines": [ 22.208334, 22.132728, 21.323486, 20.521213 ] }, { "date": "2026-01-16", "close": 22.465, "volume": 2359, "typical_volume": 6311.2, "trend": 19.637, "fair_value": 18.157891, "relative_strength": 3.963777, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.709605, "energy": 62.169413, "activity_lines": [ 22.317334, 22.230273, 21.510824, 20.715559 ] }, { "date": "2026-01-23", "close": 22.975, "volume": 7845, "typical_volume": 6356.6, "trend": 19.8389, "fair_value": 18.188077, "relative_strength": 8.914991, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.150479, "energy": 56.048521, "activity_lines": [ 22.553, 22.387182, 21.725395, 20.930914 ] }, { "date": "2026-01-30", "close": 22.115, "volume": 5422, "typical_volume": 6612.0, "trend": 20.009067, "fair_value": 18.210378, "relative_strength": 3.68716, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.656084, "energy": 49.117364, "activity_lines": [ 22.451333, 22.354364, 21.837162, 21.077759 ] }, { "date": "2026-02-06", "close": 21.934999, "volume": 4307, "typical_volume": 6767.65, "trend": 20.157233, "fair_value": 18.233064, "relative_strength": 2.424252, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.958007, "energy": 40.863238, "activity_lines": [ 22.311333, 22.284364, 21.914457, 21.202013 ] }, { "date": "2026-02-13", "close": 21.635, "volume": 3591, "typical_volume": 6622.7, "trend": 20.303133, "fair_value": 18.25384, "relative_strength": 2.290271, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.491894, "energy": 27.716508, "activity_lines": [ 22.045, 22.171364, 21.947767, 21.297353 ] }, { "date": "2026-02-20", "close": 21.625, "volume": 589, "typical_volume": 6422.9, "trend": 20.446833, "fair_value": 18.2785, "relative_strength": 0.267662, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.572375, "energy": 20.844168, "activity_lines": [ 21.845, 22.070182, 21.964243, 21.382634 ] }, { "date": "2026-02-27", "close": 21.415001, "volume": 796, "typical_volume": 6071.8, "trend": 20.585133, "fair_value": 18.302135, "relative_strength": -1.914319, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.918946, "energy": 16.564233, "activity_lines": [ 21.631, 21.934273, 21.951181, 21.445097 ] }, { "date": "2026-03-06", "close": 21.225, "volume": 1535, "typical_volume": 6121.3, "trend": 20.720967, "fair_value": 18.328513, "relative_strength": 4.061818, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.492985, "energy": 14.228638, "activity_lines": [ 21.457667, 21.778364, 21.909933, 21.486379 ] }, { "date": "2026-03-13", "close": 20.605, "volume": 457, "typical_volume": 5609.25, "trend": 20.809333, "fair_value": 18.350981, "relative_strength": 0.763758, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.898835, "energy": 22.173509, "activity_lines": [ 21.137, 21.531818, 21.801976, 21.478897 ] }, { "date": "2026-03-20", "close": 20.395, "volume": 1080, "typical_volume": 5528.85, "trend": 20.8783, "fair_value": 18.373961, "relative_strength": 3.222893, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.604051, "energy": 42.797803, "activity_lines": [ 20.835, 21.264091, 21.670119, 21.452166 ] }, { "date": "2026-03-27", "close": 20.445, "volume": 13031, "typical_volume": 6071.85, "trend": 20.960333, "fair_value": 18.39707, "relative_strength": 2.240139, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.124263, "energy": 49.226334, "activity_lines": [ 20.632333, 21.047, 21.542619, 21.424211 ] }, { "date": "2026-04-03", "close": 21.389999, "volume": 13420, "typical_volume": 6553.45, "trend": 21.0538, "fair_value": 18.426237, "relative_strength": 1.845831, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.683442, "energy": 35.478628, "activity_lines": [ 20.823333, 21.038454, 21.506, 21.451931 ] }, { "date": "2026-04-10", "close": 21.469999, "volume": 2575, "typical_volume": 6192.2, "trend": 21.1536, "fair_value": 18.455917, "relative_strength": -1.957433, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.662056, "energy": 20.847603, "activity_lines": [ 21.042666, 21.073272, 21.475809, 21.478783 ] }, { "date": "2026-04-17", "close": 21.764999, "volume": 3448, "typical_volume": 5569.75, "trend": 21.255833, "fair_value": 18.487487, "relative_strength": -3.102934, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.576097, "energy": 6.274729, "activity_lines": [ 21.343999, 21.173454, 21.475619, 21.518228 ] }, { "date": "2026-04-24", "close": 21.215, "volume": 2601, "typical_volume": 5259.3, "trend": 21.353, "fair_value": 18.515532, "relative_strength": -3.086063, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.862279, "energy": 15.289797, "activity_lines": [ 21.384666, 21.176727, 21.426881, 21.515593 ] }, { "date": "2026-05-01", "close": 20.995001, "volume": 2162, "typical_volume": 5225.7, "trend": 21.398767, "fair_value": 18.542167, "relative_strength": -5.167078, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.566777, "energy": 14.967933, "activity_lines": [ 21.297333, 21.147636, 21.362762, 21.492497 ] }, { "date": "2026-05-08", "close": 21.700001, "volume": 3531, "typical_volume": 5249.65, "trend": 21.4789, "fair_value": 18.57332, "relative_strength": -4.109222, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.140817, "energy": 12.098817, "activity_lines": [ 21.408334, 21.258182, 21.36969, 21.511931 ] }, { "date": "2026-05-15", "close": 21.889999, "volume": 2034, "typical_volume": 5188.2, "trend": 21.5547, "fair_value": 18.599308, "relative_strength": -2.986079, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.745227, "energy": 13.403136, "activity_lines": [ 21.562, 21.398091, 21.397167, 21.538454 ] }, { "date": "2026-05-22", "close": 22.42, "volume": 553, "typical_volume": 3723.75, "trend": 21.6425, "fair_value": 18.630179, "relative_strength": -1.486038, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.760725, "energy": 32.214167, "activity_lines": [ 21.864333, 21.622273, 21.477738, 21.59428 ] }, { "date": "2026-05-29", "close": 23.33, "volume": 3715, "typical_volume": 3752.55, "trend": 21.743167, "fair_value": 18.668026, "relative_strength": 1.298427, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.003017, "energy": 65.574839, "activity_lines": [ 22.426333, 21.978909, 21.640786, 21.70315 ] }, { "date": "2026-06-05", "close": 23.955, "volume": 0, "typical_volume": 3634.6, "trend": 21.854, "fair_value": 18.707609, "relative_strength": 4.123128, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 62.488676, "energy": 81.009928, "activity_lines": [ 23.055667, 22.395818, 21.860262, 21.845849 ] }, { "date": "2026-06-12", "close": 24.055, "volume": 84, "typical_volume": 3246.55, "trend": 21.951167, "fair_value": 18.748346, "relative_strength": 1.228876, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 87.58941, "energy": 95.042288, "activity_lines": [ 23.521, 22.767091, 22.082167, 21.987849 ] }, { "date": "2026-06-19", "close": 24.4, "volume": 12, "typical_volume": 2976.05, "trend": 22.0355, "fair_value": 18.79209, "relative_strength": -0.071218, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.844071, "energy": 94.694675, "activity_lines": [ 23.944333, 23.152636, 22.331786, 22.145839 ] }, { "date": "2026-06-26", "close": 26.625, "volume": 850, "typical_volume": 2803.2, "trend": 22.170667, "fair_value": 18.853186, "relative_strength": 11.973782, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 98.480371, "energy": 99.215779, "activity_lines": [ 24.942, 23.889455, 22.782429, 22.441935 ] }, { "date": "2026-07-03", "close": 27.309999, "volume": 21818, "typical_volume": 3714.55, "trend": 22.334833, "fair_value": 18.919917, "relative_strength": 11.071375, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.794467, "energy": 99.148674, "activity_lines": [ 25.887666, 24.662454, 23.275976, 22.773505 ] }, { "date": "2026-07-10", "close": 26.665001, "volume": 59802, "typical_volume": 6675.2, "trend": 22.4965, "fair_value": 18.9825, "relative_strength": 8.554942, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.582903, "energy": 92.753993, "activity_lines": [ 26.353, 25.207364, 23.681071, 23.052871 ] }, { "date": "2026-07-17", "close": 26.559999, "volume": 4589, "typical_volume": 6864.85, "trend": 22.641333, "fair_value": 19.043346, "relative_strength": 9.275744, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.616866, "energy": 88.811668, "activity_lines": [ 26.602666, 25.630091, 24.052167, 23.315032 ] }, { "date": "2026-07-24", "close": 26.674999, "volume": 1918, "typical_volume": 6884.0, "trend": 22.7825, "fair_value": 19.104993, "relative_strength": 9.514644, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.200743, "energy": 86.059943, "activity_lines": [ 26.723666, 25.985363, 24.409714, 23.575269 ] }, { "date": "2026-07-31", "close": 25.959999, "volume": 2232, "typical_volume": 6972.75, "trend": 22.929833, "fair_value": 19.163609, "relative_strength": 5.539416, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.046239, "energy": 65.873672, "activity_lines": [ 26.454666, 26.123636, 24.673214, 23.780269 ] }, { "date": "2026-08-07", "close": 26.315001, "volume": 3609, "typical_volume": 7099.2, "trend": 23.051, "fair_value": 19.223833, "relative_strength": 3.57868, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.791757, "energy": 63.212635, "activity_lines": [ 26.348333, 26.262091, 24.945024, 23.998667 ] } ], "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." } } }