{ "ticker": { "uuid": "99ff036f-4633-4124-b476-135cfbc3e994", "symbol": "NIKL", "name": "Sprott Nickel Miners ETF", "exchange": "NASDAQ", "country": "US", "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": "QQQ", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -51.374, "architecture_energy": 41.529, "architecture_maturity": 54.241, "architecture_confidence": 71.259, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 19.51, "rotation_up": 25.63, "upward_expansion": 17.64, "deceleration": 65.75, "rotation_down": 49.35, "downward_expansion": 72.3 }, "activity_lines": [ 13.36244, 13.308475, 14.153502, 14.870876 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.833333 }, "latest_close": 14.31, "trend_reference": 15.93984, "distance_from_trend": -0.102249, "trend_direction": "Weakening", "fair_value": 13.01916, "distance_from_fair_value": 0.099149, "fair_value_direction": "Weakening", "relative_strength": -17.537647, "relative_strength_direction": "Weakening", "price_momentum": -0.171156, "excess_performance": -0.358609, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.102249, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.024385, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.099149, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.189075, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.175376, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.162635, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.171156, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.378563, "read": "Supply-led" } ], "volume": { "latest": 286491, "relative_activity": 0.489931, "balance": 0.378563, "dry_up": 0.386452, "accumulation_observations": 0, "distribution_observations": 4 }, "risk": { "range_context": 0.083432, "annualized_volatility": 0.483434, "from_high_reference": -0.34523, "from_low_reference": 0.206543 }, "levels": { "trend_reference": 15.93984, "fair_value_reference": 13.01916, "structural_low": 12.23, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": -0.024344, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": 0.012168, "regime_survival": 0.875, "best_return": 0.216236, "worst_return": -0.134586, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.068182, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.050406, "regime_survival": 0.666667, "best_return": 0.174838, "worst_return": -0.134149, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.077716, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.00791, "regime_survival": 0.5, "best_return": 0.230546, "worst_return": -0.075114, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.138115, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.034734, "regime_survival": 0.0, "best_return": 0.138115, "worst_return": 0.138115, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-27", "end": "2024-10-11", "tenure": "New", "return": -0.021351, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-18", "end": "2024-10-25", "tenure": "New", "return": -0.019026, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-01", "end": "2024-11-15", "tenure": "New", "return": -0.044764, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-22", "end": "2025-05-23", "tenure": "Extended", "return": -0.075114, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-07-04", "tenure": "Developing", "return": 0.096507, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-11-07", "tenure": "Established", "return": 0.100616, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-14", "end": "2025-12-26", "tenure": "Developing", "return": 0.161372, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-02", "end": "2026-03-27", "tenure": "Established", "return": -0.080024, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-05-22", "tenure": "Developing", "return": -0.02584, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-06-05", "tenure": "New", "return": -0.12719, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-12", "end": "2026-06-19", "tenure": "New", "return": 0.004165, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.109965, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 15.521663, "volume": 5758, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 15.51774, "volume": 7243, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 15.80856, "volume": 4433, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 15.63934, "volume": 4891, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 15.796243, "volume": 4969, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 15.129875, "volume": 9845, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 15.009609, "volume": 2624, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 13.991855, "volume": 5605, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 13.744732, "volume": 1868, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 13.430926, "volume": 2176, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 13.768268, "volume": 4773, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 14.497868, "volume": 1166, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 13.885945, "volume": 2087, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 14.042849, "volume": 8428, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 13.744732, "volume": 5285, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 13.658435, "volume": 17248, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 12.970885, "volume": 14465, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 12.756048, "volume": 24029, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 12.913447, "volume": 23633, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 13.348838, "volume": 32155, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 12.991111, "volume": 19474, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 12.532751, "volume": 17016, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 12.172671, "volume": 28763, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 11.937984, "volume": 16281, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 12.275659, "volume": 26014, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 11.800259, "volume": 9095, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-16", "close": 11.7996, "volume": 14828, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 12.031087, "volume": 23288, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 11.99795, "volume": 29213, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 12.190934, "volume": 38654, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 12.110822, "volume": 55783, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 12.035794, "volume": 28175, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 12.012071, "volume": 18428, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 12.673488, "volume": 117649, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 12.591023, "volume": 227183, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 12.672547, "volume": 95156, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 13.358251, "volume": 351174, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 13.2836, "volume": 241061, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 13.722191, "volume": 157600, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 14.704432, "volume": 184343, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 14.299636, "volume": 452885, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 14.478499, "volume": 331850, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 13.480631, "volume": 214430, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 12.36509, "volume": 697033, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 12.327435, "volume": 105654, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 12.454522, "volume": 70171, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 12.727524, "volume": 52523, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 12.623971, "volume": 65531, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 11.974416, "volume": 83065, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 11.579034, "volume": 137798, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 11.258963, "volume": 137338, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 11.145997, "volume": 66204, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 11.466068, "volume": 31269, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 11.531965, "volume": 53119, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 11.588448, "volume": 28152, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 10.83534, "volume": 43966, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 11.692, "volume": 111786, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 12.002657, "volume": 56783, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 12.96287, "volume": 199510, "typical_volume": 156170.5, "trend": 12.471674, "fair_value": 14.045975, "relative_strength": -10.427607, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -6.320769, "energy": 14.73842, "activity_lines": [ 12.07734, 11.775013, 11.938441, 12.244941 ] }, { "date": "2024-10-04", "close": 12.812248, "volume": 45633, "typical_volume": 149235.0, "trend": 12.492384, "fair_value": 14.030744, "relative_strength": -10.860652, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": 10.414684, "energy": 28.456964, "activity_lines": [ 12.409335, 11.99427, 11.980086, 12.266914 ] }, { "date": "2024-10-11", "close": 12.686103, "volume": 69945, "typical_volume": 130088.0, "trend": 12.51156, "fair_value": 14.014346, "relative_strength": -12.121416, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 21.863051, "energy": 36.437061, "activity_lines": [ 12.617695, 12.16817, 12.018728, 12.279412 ] }, { "date": "2024-10-18", "close": 12.369797, "volume": 49722, "typical_volume": 115981.6, "trend": 12.522694, "fair_value": 13.994532, "relative_strength": -13.761287, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.009712, "energy": 35.348602, "activity_lines": [ 12.597236, 12.258611, 12.034929, 12.270266 ] }, { "date": "2024-10-25", "close": 12.134451, "volume": 41898, "typical_volume": 107355.0, "trend": 12.526773, "fair_value": 13.972388, "relative_strength": -14.662011, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -1.444488, "energy": 19.192453, "activity_lines": [ 12.453141, 12.284011, 12.038757, 12.245218 ] }, { "date": "2024-11-01", "close": 11.776725, "volume": 56803, "typical_volume": 75343.5, "trend": 12.496881, "fair_value": 13.946557, "relative_strength": -14.95199, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -31.189383, "energy": 14.662058, "activity_lines": [ 12.181018, 12.232218, 12.014927, 12.196827 ] }, { "date": "2024-11-08", "close": 11.804966, "volume": 38212, "typical_volume": 71971.4, "trend": 12.470679, "fair_value": 13.921655, "relative_strength": -18.404317, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.417826, "energy": 26.556069, "activity_lines": [ 11.997385, 12.181109, 11.996587, 12.152188 ] }, { "date": "2024-11-15", "close": 11.249549, "volume": 37061, "typical_volume": 70315.9, "trend": 12.423246, "fair_value": 13.890941, "relative_strength": -18.716002, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.579716, "energy": 42.505753, "activity_lines": [ 11.695766, 12.025079, 11.927839, 12.073405 ] }, { "date": "2024-11-22", "close": 11.362515, "volume": 38308, "typical_volume": 69605.15, "trend": 12.356721, "fair_value": 13.862209, "relative_strength": -18.663182, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.778166, "energy": 48.906077, "activity_lines": [ 11.527571, 11.882057, 11.875588, 12.004971 ] }, { "date": "2024-11-29", "close": 11.20248, "volume": 108163, "typical_volume": 71736.75, "trend": 12.287351, "fair_value": 13.832324, "relative_strength": -19.687001, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.407585, "energy": 67.64863, "activity_lines": [ 11.373184, 11.715928, 11.814595, 11.930504 ] }, { "date": "2024-12-06", "close": 10.976548, "volume": 37051, "typical_volume": 69436.05, "trend": 12.195829, "fair_value": 13.800593, "relative_strength": -23.136251, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.390378, "energy": 75.714637, "activity_lines": [ 11.205618, 11.52327, 11.738854, 11.845936 ] }, { "date": "2024-12-13", "close": 11.082605, "volume": 136215, "typical_volume": 69356.9, "trend": 12.075102, "fair_value": 13.770725, "relative_strength": -22.392009, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.17483, "energy": 71.710889, "activity_lines": [ 11.126749, 11.386009, 11.677966, 11.774115 ] }, { "date": "2024-12-20", "close": 10.285435, "volume": 171157, "typical_volume": 71047.85, "trend": 11.941295, "fair_value": 13.732842, "relative_strength": -25.691879, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.865758, "energy": 82.958289, "activity_lines": [ 10.830314, 11.135257, 11.54352, 11.658653 ] }, { "date": "2024-12-27", "close": 10.406955, "volume": 25961, "typical_volume": 69035.7, "trend": 11.805577, "fair_value": 13.697079, "relative_strength": -24.797462, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.430418, "energy": 86.755884, "activity_lines": [ 10.63866, 10.950247, 11.425283, 11.559663 ] }, { "date": "2025-01-03", "close": 10.489588, "volume": 35111, "typical_volume": 69227.8, "trend": 11.705875, "fair_value": 13.662957, "relative_strength": -22.907026, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.64845, "energy": 83.449437, "activity_lines": [ 10.538255, 10.81595, 11.318436, 11.47476 ] }, { "date": "2025-01-10", "close": 10.032674, "volume": 40484, "typical_volume": 68596.05, "trend": 11.628128, "fair_value": 13.624744, "relative_strength": -23.99641, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.280868, "energy": 91.476481, "activity_lines": [ 10.333071, 10.628484, 11.172723, 11.366812 ] }, { "date": "2025-01-17", "close": 10.3146, "volume": 103203, "typical_volume": 72348.6, "trend": 11.561034, "fair_value": 13.590263, "relative_strength": -23.513991, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.747693, "energy": 81.914968, "activity_lines": [ 10.284787, 10.523987, 11.060999, 11.282068 ] }, { "date": "2025-01-24", "close": 10.334043, "volume": 63476, "typical_volume": 73324.1, "trend": 11.490351, "fair_value": 13.556694, "relative_strength": -24.012552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.876789, "energy": 69.200104, "activity_lines": [ 10.294185, 10.450123, 10.957193, 11.202907 ] }, { "date": "2025-01-31", "close": 9.682697, "volume": 137642, "typical_volume": 74616.9, "trend": 11.388857, "fair_value": 13.517163, "relative_strength": -27.243169, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.158767, "energy": 81.534397, "activity_lines": [ 10.083226, 10.274478, 10.793741, 11.086285 ] }, { "date": "2025-02-07", "close": 9.916015, "volume": 261584, "typical_volume": 84856.95, "trend": 11.298592, "fair_value": 13.480788, "relative_strength": -25.116494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.520602, "energy": 62.213208, "activity_lines": [ 9.998324, 10.171797, 10.662079, 10.991262 ] }, { "date": "2025-02-14", "close": 9.838242, "volume": 77521, "typical_volume": 78757.5, "trend": 11.227386, "fair_value": 13.444362, "relative_strength": -27.293757, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.971943, "energy": 62.599821, "activity_lines": [ 9.925736, 10.078365, 10.532945, 10.897046 ] }, { "date": "2025-02-21", "close": 9.838242, "volume": 54671, "typical_volume": 79209.4, "trend": 11.16936, "fair_value": 13.408658, "relative_strength": -25.109733, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.912243, "energy": 61.064742, "activity_lines": [ 9.866111, 10.00563, 10.418691, 10.807424 ] }, { "date": "2025-02-28", "close": 9.235504, "volume": 75918, "typical_volume": 79508.05, "trend": 11.101911, "fair_value": 13.367745, "relative_strength": -26.717268, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.855435, "energy": 67.534172, "activity_lines": [ 9.637329, 9.845931, 10.261195, 10.682659 ] }, { "date": "2025-03-07", "close": 9.59355, "volume": 290545, "typical_volume": 91549.2, "trend": 11.050163, "fair_value": 13.331102, "relative_strength": -20.823455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.33861, "energy": 58.156364, "activity_lines": [ 9.601133, 9.770421, 10.15423, 10.585346 ] }, { "date": "2025-03-14", "close": 9.157731, "volume": 85497, "typical_volume": 93729.15, "trend": 10.973218, "fair_value": 13.290974, "relative_strength": -21.961792, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.641665, "energy": 63.296614, "activity_lines": [ 9.425606, 9.63046, 10.018979, 10.463253 ] }, { "date": "2025-03-21", "close": 8.934135, "volume": 89356, "typical_volume": 95356.8, "trend": 10.886624, "fair_value": 13.24948, "relative_strength": -23.542738, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.897746, "energy": 70.944231, "activity_lines": [ 9.2261, 9.474061, 9.876607, 10.3317 ] }, { "date": "2025-03-28", "close": 8.832058, "volume": 72622, "typical_volume": 97077.3, "trend": 10.794744, "fair_value": 13.207806, "relative_strength": -22.095035, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.809509, "energy": 66.807059, "activity_lines": [ 9.052842, 9.319076, 9.738051, 10.199147 ] }, { "date": "2025-04-04", "close": 7.879343, "volume": 332863, "typical_volume": 111867.4, "trend": 10.696211, "fair_value": 13.158007, "relative_strength": -22.252939, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.333068, "energy": 85.558545, "activity_lines": [ 8.629091, 9.017825, 9.522916, 10.011057 ] }, { "date": "2025-04-11", "close": 7.925229, "volume": 410817, "typical_volume": 130492.85, "trend": 10.570652, "fair_value": 13.109556, "relative_strength": -26.585824, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.789049, "energy": 86.182424, "activity_lines": [ 8.311046, 8.769548, 9.3282, 9.832284 ] }, { "date": "2025-04-18", "close": 8.297371, "volume": 124938, "typical_volume": 131331.6, "trend": 10.447142, "fair_value": 13.065407, "relative_strength": -20.580312, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.019223, "energy": 73.165509, "activity_lines": [ 8.22827, 8.620888, 9.185294, 9.68562 ] }, { "date": "2025-04-25", "close": 8.943856, "volume": 112288, "typical_volume": 135093.45, "trend": 10.313175, "fair_value": 13.027939, "relative_strength": -18.733948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.936462, "energy": 57.760556, "activity_lines": [ 8.418346, 8.6192, 9.117792, 9.588634 ] }, { "date": "2025-05-02", "close": 9.177174, "volume": 197697, "typical_volume": 138167.55, "trend": 10.192006, "fair_value": 12.993247, "relative_strength": -18.588376, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.761088, "energy": 40.866612, "activity_lines": [ 8.685547, 8.676195, 9.08219, 9.515344 ] }, { "date": "2025-05-09", "close": 9.63895, "volume": 441514, "typical_volume": 151685.4, "trend": 10.090434, "fair_value": 12.963298, "relative_strength": -13.513452, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.188014, "energy": 22.028745, "activity_lines": [ 9.083666, 8.829168, 9.09964, 9.479663 ] }, { "date": "2025-05-16", "close": 9.974344, "volume": 128365, "typical_volume": 156805.6, "trend": 10.010586, "fair_value": 12.936847, "relative_strength": -15.288316, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.474362, "energy": 21.947939, "activity_lines": [ 9.476275, 9.035787, 9.152111, 9.472173 ] }, { "date": "2025-05-23", "close": 10.509031, "volume": 89085, "typical_volume": 159504.3, "trend": 9.956405, "fair_value": 12.91555, "relative_strength": -7.749808, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 20.043453, "energy": 35.023302, "activity_lines": [ 9.910506, 9.332698, 9.257565, 9.504331 ] }, { "date": "2025-05-30", "close": 10.577082, "volume": 39952, "typical_volume": 159477.7, "trend": 9.916417, "fair_value": 12.895216, "relative_strength": -7.972911, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.633218, "energy": 49.575181, "activity_lines": [ 10.219976, 9.617413, 9.369407, 9.544374 ] }, { "date": "2025-06-06", "close": 11.520076, "volume": 239693, "typical_volume": 166302.2, "trend": 9.906921, "fair_value": 12.883361, "relative_strength": -1.16429, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 52.604141, "energy": 75.22043, "activity_lines": [ 10.734896, 10.04371, 9.568466, 9.647836 ] }, { "date": "2025-06-13", "close": 11.345282, "volume": 95452, "typical_volume": 167901.0, "trend": 9.910112, "fair_value": 12.870215, "relative_strength": -1.736472, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 52.882386, "energy": 79.701799, "activity_lines": [ 11.035358, 10.389353, 9.745137, 9.740634 ] }, { "date": "2025-06-20", "close": 10.742349, "volume": 72565, "typical_volume": 164647.15, "trend": 9.88944, "fair_value": 12.852183, "relative_strength": -6.489299, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.899269, "energy": 72.178149, "activity_lines": [ 11.021086, 10.562355, 9.859571, 9.794326 ] }, { "date": "2025-06-27", "close": 11.024275, "volume": 51892, "typical_volume": 154162.55, "trend": 9.883499, "fair_value": 12.836822, "relative_strength": -7.368266, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.894433, "energy": 63.846475, "activity_lines": [ 11.04959, 10.735396, 9.995808, 9.867542 ] }, { "date": "2025-07-04", "close": 11.597849, "volume": 64673, "typical_volume": 153520.15, "trend": 9.90421, "fair_value": 12.826497, "relative_strength": -3.55088, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 77.977181, "energy": 76.381621, "activity_lines": [ 11.234935, 10.963142, 10.181395, 9.978145 ] }, { "date": "2025-07-11", "close": 11.836027, "volume": 141646, "typical_volume": 157868.9, "trend": 9.929324, "fair_value": 12.818312, "relative_strength": -0.832288, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.336552, "energy": 74.165441, "activity_lines": [ 11.431622, 11.18594, 10.381286, 10.102778 ] }, { "date": "2025-07-18", "close": 11.874914, "volume": 51311, "typical_volume": 156638.55, "trend": 9.982306, "fair_value": 12.810579, "relative_strength": -1.389962, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.501614, "energy": 83.604152, "activity_lines": [ 11.620208, 11.367465, 10.575367, 10.2283 ] }, { "date": "2025-07-25", "close": 12.339119, "volume": 252717, "typical_volume": 154747.15, "trend": 10.046712, "fair_value": 12.806746, "relative_strength": 1.847394, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.385911, "energy": 90.503475, "activity_lines": [ 11.92822, 11.592737, 10.80109, 10.380353 ] }, { "date": "2025-08-01", "close": 11.457566, "volume": 88269, "typical_volume": 154885.75, "trend": 10.078978, "fair_value": 12.795865, "relative_strength": -2.899761, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.795555, "energy": 66.090387, "activity_lines": [ 11.83593, 11.61473, 10.929781, 10.471375 ] }, { "date": "2025-08-08", "close": 12.122814, "volume": 31704, "typical_volume": 152003.15, "trend": 10.148649, "fair_value": 12.790481, "relative_strength": -0.618506, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.460255, "energy": 63.275916, "activity_lines": [ 11.936503, 11.740432, 11.110877, 10.603236 ] }, { "date": "2025-08-15", "close": 12.137397, "volume": 48025, "typical_volume": 150773.3, "trend": 10.209409, "fair_value": 12.785298, "relative_strength": -0.687503, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.931773, "energy": 60.867622, "activity_lines": [ 12.006939, 11.840681, 11.278178, 10.731542 ] }, { "date": "2025-08-22", "close": 12.346411, "volume": 163113, "typical_volume": 142285.8, "trend": 10.276488, "fair_value": 12.781842, "relative_strength": 2.210119, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.536786, "energy": 60.333858, "activity_lines": [ 12.126956, 11.967709, 11.449646, 10.869413 ] }, { "date": "2025-08-29", "close": 12.294886, "volume": 45895, "typical_volume": 124039.7, "trend": 10.363561, "fair_value": 12.778037, "relative_strength": 2.335133, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.57906, "energy": 59.762839, "activity_lines": [ 12.198364, 12.067166, 11.594934, 10.999633 ] }, { "date": "2025-09-05", "close": 12.890819, "volume": 45053, "typical_volume": 120045.45, "trend": 10.462721, "fair_value": 12.778912, "relative_strength": 6.426304, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.855833, "energy": 77.188917, "activity_lines": [ 12.471365, 12.246747, 11.776171, 11.162681 ] }, { "date": "2025-09-12", "close": 12.910262, "volume": 61682, "typical_volume": 117515.15, "trend": 10.565122, "fair_value": 12.779922, "relative_strength": 4.922759, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.539016, "energy": 77.461326, "activity_lines": [ 12.655298, 12.395925, 11.937385, 11.320587 ] }, { "date": "2025-09-19", "close": 13.260239, "volume": 49642, "typical_volume": 110112.4, "trend": 10.679188, "fair_value": 12.783589, "relative_strength": 5.765907, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.321672, "energy": 86.028477, "activity_lines": [ 12.903392, 12.584874, 12.113043, 11.494466 ] }, { "date": "2025-09-26", "close": 14.222676, "volume": 107560, "typical_volume": 93414.7, "trend": 10.845427, "fair_value": 12.794491, "relative_strength": 14.259712, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.483234, "energy": 95.647452, "activity_lines": [ 13.397443, 12.922916, 12.360918, 11.723078 ] }, { "date": "2025-10-03", "close": 14.927491, "volume": 154920, "typical_volume": 94742.45, "trend": 11.023225, "fair_value": 12.810528, "relative_strength": 18.672406, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.959013, "energy": 97.217064, "activity_lines": [ 14.001348, 13.34642, 12.654092, 11.986437 ] }, { "date": "2025-10-10", "close": 14.794111, "volume": 289388, "typical_volume": 104757.6, "trend": 11.211105, "fair_value": 12.825331, "relative_strength": 20.425173, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.094059, "energy": 93.731899, "activity_lines": [ 14.385286, 13.698612, 12.910976, 12.22972 ] }, { "date": "2025-10-17", "close": 14.909992, "volume": 856040, "typical_volume": 145562.0, "trend": 11.4103, "fair_value": 12.840773, "relative_strength": 18.518991, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.448369, "energy": 89.750142, "activity_lines": [ 14.680965, 14.011209, 13.158491, 12.468358 ] }, { "date": "2025-10-24", "close": 14.378221, "volume": 1470622, "typical_volume": 207108.45, "trend": 11.595172, "fair_value": 12.852078, "relative_strength": 11.990186, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.927513, "energy": 67.589523, "activity_lines": [ 14.666071, 14.176444, 13.334728, 12.659837 ] }, { "date": "2025-10-31", "close": 13.911585, "volume": 1430250, "typical_volume": 273848.35, "trend": 11.796247, "fair_value": 12.859812, "relative_strength": 6.507951, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.21553, "energy": 64.123165, "activity_lines": [ 14.4211, 14.216094, 13.452914, 12.809283 ] }, { "date": "2025-11-07", "close": 13.026921, "volume": 549596, "typical_volume": 297699.9, "trend": 11.966303, "fair_value": 12.861023, "relative_strength": 3.060724, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.598217, "energy": 41.928348, "activity_lines": [ 13.90198, 14.066438, 13.474626, 12.888681 ] }, { "date": "2025-11-14", "close": 13.828466, "volume": 314065, "typical_volume": 310808.55, "trend": 12.150673, "fair_value": 12.867983, "relative_strength": 9.566583, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.717903, "energy": 26.356992, "activity_lines": [ 13.776747, 14.049208, 13.561796, 13.008821 ] }, { "date": "2025-11-21", "close": 12.931844, "volume": 335995, "typical_volume": 324374.65, "trend": 12.283606, "fair_value": 12.868439, "relative_strength": 5.790833, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.923722, "energy": 25.513433, "activity_lines": [ 13.417016, 13.851907, 13.55022, 13.059219 ] }, { "date": "2025-11-28", "close": 13.67642, "volume": 121759, "typical_volume": 323380.3, "trend": 12.433581, "fair_value": 12.874169, "relative_strength": 6.610742, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.668013, "energy": 23.237589, "activity_lines": [ 13.437353, 13.789592, 13.603204, 13.149078 ] }, { "date": "2025-12-05", "close": 13.83391, "volume": 190964, "typical_volume": 330362.95, "trend": 12.573413, "fair_value": 12.880928, "relative_strength": 6.649735, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.735075, "energy": 17.479422, "activity_lines": [ 13.556974, 13.748344, 13.662423, 13.239421 ] }, { "date": "2025-12-12", "close": 13.302917, "volume": 216618, "typical_volume": 328558.0, "trend": 12.684365, "fair_value": 12.883879, "relative_strength": 4.472628, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.429592, "energy": 12.842314, "activity_lines": [ 13.504776, 13.61762, 13.661743, 13.286486 ] }, { "date": "2025-12-19", "close": 14.31, "volume": 316963, "typical_volume": 339992.7, "trend": 12.811064, "fair_value": 12.893782, "relative_strength": 11.420869, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.683939, "energy": 25.416993, "activity_lines": [ 13.769872, 13.699541, 13.752386, 13.391366 ] }, { "date": "2025-12-26", "close": 16.06, "volume": 1049283, "typical_volume": 390871.65, "trend": 12.993828, "fair_value": 12.915618, "relative_strength": 22.868157, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 78.729133, "energy": 60.24552, "activity_lines": [ 14.586199, 14.108445, 13.996113, 13.600975 ] }, { "date": "2026-01-02", "close": 16.62, "volume": 938379, "typical_volume": 435389.35, "trend": 13.163825, "fair_value": 12.940991, "relative_strength": 28.585981, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.592662, "energy": 81.833052, "activity_lines": [ 15.38065, 14.598258, 14.274425, 13.834921 ] }, { "date": "2026-01-09", "close": 18.22, "volume": 2970639, "typical_volume": 575765.65, "trend": 13.392983, "fair_value": 12.976903, "relative_strength": 36.774049, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.391969, "energy": 94.349054, "activity_lines": [ 16.512194, 15.33822, 14.683772, 14.161126 ] }, { "date": "2026-01-16", "close": 18.62, "volume": 2374985, "typical_volume": 692220.15, "trend": 13.655571, "fair_value": 13.015032, "relative_strength": 39.712597, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.996571, "energy": 95.253547, "activity_lines": [ 17.484667, 16.072575, 15.103244, 14.498353 ] }, { "date": "2026-01-23", "close": 20.3, "volume": 1527999, "typical_volume": 766367.45, "trend": 13.964762, "fair_value": 13.063924, "relative_strength": 50.212025, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.699661, "energy": 97.45752, "activity_lines": [ 18.662667, 17.010692, 15.652597, 14.927026 ] }, { "date": "2026-01-30", "close": 18.02, "volume": 5108244, "typical_volume": 1018695.55, "trend": 14.178834, "fair_value": 13.096964, "relative_strength": 32.310259, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.76882, "energy": 86.80621, "activity_lines": [ 18.681333, 17.4166, 15.949525, 15.188654 ] }, { "date": "2026-02-06", "close": 17.265, "volume": 1725989, "typical_volume": 1102512.9, "trend": 14.359799, "fair_value": 13.124567, "relative_strength": 28.264576, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.08685, "energy": 61.35811, "activity_lines": [ 18.317667, 17.592723, 16.150217, 15.387762 ] }, { "date": "2026-02-13", "close": 18.44, "volume": 2499921, "typical_volume": 1222130.95, "trend": 14.578636, "fair_value": 13.159537, "relative_strength": 37.286903, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.536944, "energy": 56.513661, "activity_lines": [ 18.302667, 17.917235, 16.443743, 15.651 ] }, { "date": "2026-02-20", "close": 19.19, "volume": 1765446, "typical_volume": 1302657.25, "trend": 14.806998, "fair_value": 13.198952, "relative_strength": 39.721492, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.32222, "energy": 52.08192, "activity_lines": [ 18.523, 18.294364, 16.788615, 15.948508 ] }, { "date": "2026-02-27", "close": 20.12, "volume": 1465796, "typical_volume": 1361477.65, "trend": 15.095746, "fair_value": 13.243894, "relative_strength": 45.021705, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.656646, "energy": 56.991712, "activity_lines": [ 19.015333, 18.733545, 17.201761, 16.291282 ] }, { "date": "2026-03-06", "close": 17.01, "volume": 1457167, "typical_volume": 1391534.0, "trend": 15.258652, "fair_value": 13.268191, "relative_strength": 23.238309, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.329337, "energy": 39.15256, "activity_lines": [ 18.483, 18.501636, 17.293355, 16.414782 ] }, { "date": "2026-03-13", "close": 16.18, "volume": 1016588, "typical_volume": 1368832.3, "trend": 15.393406, "fair_value": 13.286857, "relative_strength": 17.622891, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.813444, "energy": 25.346603, "activity_lines": [ 17.741333, 18.101545, 17.295901, 16.474224 ] }, { "date": "2026-03-20", "close": 14.55, "volume": 1221247, "typical_volume": 1358382.15, "trend": 15.466859, "fair_value": 13.275579, "relative_strength": 7.328873, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 7.278957, "energy": 14.494347, "activity_lines": [ 16.528667, 17.413091, 17.134629, 16.419811 ] }, { "date": "2026-03-27", "close": 15.29, "volume": 1111172, "typical_volume": 1386460.95, "trend": 15.566696, "fair_value": 13.262377, "relative_strength": 15.759738, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -0.613215, "energy": 21.77445, "activity_lines": [ 15.822, 16.925909, 17.040794, 16.408401 ] }, { "date": "2026-04-03", "close": 15.9522, "volume": 511102, "typical_volume": 1396312.8, "trend": 15.668742, "fair_value": 13.256939, "relative_strength": 15.341922, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.393231, "energy": 27.257772, "activity_lines": [ 15.596067, 16.619673, 16.999248, 16.433272 ] }, { "date": "2026-04-10", "close": 16.595, "volume": 380802, "typical_volume": 1398553.15, "trend": 15.791566, "fair_value": 13.250725, "relative_strength": 13.97365, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.996602, "energy": 18.843307, "activity_lines": [ 15.862253, 16.50936, 17.008809, 16.49303 ] }, { "date": "2026-04-17", "close": 18.24, "volume": 816989, "typical_volume": 1433314.65, "trend": 15.957558, "fair_value": 13.257195, "relative_strength": 17.09488, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.205245, "energy": 11.930335, "activity_lines": [ 16.70444, 16.724047, 17.157592, 16.650994 ] }, { "date": "2026-04-24", "close": 17.1, "volume": 465188, "typical_volume": 1447025.85, "trend": 16.053469, "fair_value": 13.256524, "relative_strength": 6.830184, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.5154, "energy": 16.95261, "activity_lines": [ 17.029293, 16.713735, 17.176073, 16.7247 ] }, { "date": "2026-05-01", "close": 17.375, "volume": 451724, "typical_volume": 1458781.15, "trend": 16.135053, "fair_value": 13.255931, "relative_strength": 6.306988, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.649331, "energy": 24.520949, "activity_lines": [ 17.275813, 16.777785, 17.205191, 16.80996 ] }, { "date": "2026-05-08", "close": 17.08, "volume": 1158904, "typical_volume": 1500878.2, "trend": 16.211249, "fair_value": 13.258563, "relative_strength": -1.274166, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 34.56218, "energy": 24.160673, "activity_lines": [ 17.285, 16.8212, 17.186824, 16.870924 ] }, { "date": "2026-05-15", "close": 16.06, "volume": 1096491, "typical_volume": 1503238.6, "trend": 16.249583, "fair_value": 13.256456, "relative_strength": -7.122661, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.000081, "energy": 9.308123, "activity_lines": [ 16.879, 16.734433, 17.058123, 16.861166 ] }, { "date": "2026-05-22", "close": 15.54, "volume": 996291, "typical_volume": 1506134.2, "trend": 16.288309, "fair_value": 13.254537, "relative_strength": -11.274342, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.606433, "energy": 11.929424, "activity_lines": [ 16.335333, 16.570393, 16.879898, 16.815387 ] }, { "date": "2026-05-29", "close": 15.41, "volume": 331457, "typical_volume": 1374175.1, "trend": 16.338256, "fair_value": 13.250075, "relative_strength": -14.520082, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.789649, "energy": 33.736833, "activity_lines": [ 15.928333, 16.394353, 16.694435, 16.758722 ] }, { "date": "2026-06-05", "close": 13.45, "volume": 896929, "typical_volume": 1300272.3, "trend": 16.352359, "fair_value": 13.230232, "relative_strength": -21.704694, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -50.53927, "energy": 62.152124, "activity_lines": [ 14.980667, 15.846313, 16.335687, 16.572382 ] }, { "date": "2026-06-12", "close": 14.19, "volume": 582529, "typical_volume": 1252998.8, "trend": 16.36441, "fair_value": 13.210367, "relative_strength": -19.137613, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.343645, "energy": 64.042579, "activity_lines": [ 14.541333, 15.466273, 16.072033, 16.432875 ] }, { "date": "2026-06-19", "close": 14.2491, "volume": 384311, "typical_volume": 1016802.15, "trend": 16.408318, "fair_value": 13.193987, "relative_strength": -20.837876, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.390657, "energy": 74.923435, "activity_lines": [ 14.314367, 15.129018, 15.843104, 16.296404 ] }, { "date": "2026-06-26", "close": 12.8923, "volume": 738234, "typical_volume": 967414.4, "trend": 16.382181, "fair_value": 13.168558, "relative_strength": -24.886238, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.660142, "energy": 83.779349, "activity_lines": [ 13.75586, 14.587725, 15.502912, 16.069564 ] }, { "date": "2026-07-03", "close": 13.11, "volume": 388725, "typical_volume": 861854.6, "trend": 16.358051, "fair_value": 13.14196, "relative_strength": -24.117554, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.995032, "energy": 81.032035, "activity_lines": [ 13.446433, 14.183245, 15.204276, 15.858456 ] }, { "date": "2026-07-10", "close": 12.9666, "volume": 480381, "typical_volume": 797601.35, "trend": 16.34684, "fair_value": 13.109815, "relative_strength": -26.074141, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.220303, "energy": 79.824827, "activity_lines": [ 13.24254, 13.825238, 14.917363, 15.639652 ] }, { "date": "2026-07-17", "close": 12.99, "volume": 225071, "typical_volume": 735565.1, "trend": 16.30284, "fair_value": 13.082372, "relative_strength": -22.56898, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.410799, "energy": 80.287271, "activity_lines": [ 13.078673, 13.551638, 14.662315, 15.423082 ] }, { "date": "2026-07-24", "close": 12.86, "volume": 235550, "typical_volume": 674484.25, "trend": 16.196173, "fair_value": 13.056811, "relative_strength": -21.909127, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.872825, "energy": 74.118346, "activity_lines": [ 12.951473, 13.328765, 14.428838, 15.200963 ] }, { "date": "2026-07-31", "close": 12.84, "volume": 156811, "typical_volume": 631495.4, "trend": 16.070173, "fair_value": 13.03026, "relative_strength": -22.326411, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.344923, "energy": 57.592074, "activity_lines": [ 12.910213, 13.160438, 14.213218, 14.984436 ] }, { "date": "2026-08-07", "close": 14.31, "volume": 286491, "typical_volume": 584757.6, "trend": 15.93984, "fair_value": 13.01916, "relative_strength": -17.537647, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.374019, "energy": 41.529437, "activity_lines": [ 13.36244, 13.308475, 14.153502, 14.870876 ] } ], "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." } } }