{ "ticker": { "uuid": "9eddd5df-03ed-4a79-ae90-0ce23f52b29a", "symbol": "EKUS", "name": "BNP Paribas Easy MSCI USA SRI PAB UCITS ETF EUR Distribution", "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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 95.626, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 78.144, "architecture_energy": 61.988, "architecture_maturity": 81.254, "architecture_confidence": 62.331, "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": 14.67, "rotation_up": 50.3, "upward_expansion": 82.16, "deceleration": 71.25, "rotation_down": 29.28, "downward_expansion": 11.16 }, "activity_lines": [ 21.678667, 21.638182, 21.286559, 20.827629 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 22.0, "trend_reference": 20.311544, "distance_from_trend": 0.083128, "trend_direction": "Improving", "fair_value": 19.396683, "distance_from_fair_value": 0.134215, "fair_value_direction": "Improving", "relative_strength": -5.801048, "relative_strength_direction": "Improving", "price_momentum": 0.146518, "excess_performance": -0.024374, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.083128, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.03406, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.134215, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.06684, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.05801, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.033101, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.146518, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.166019, "read": "Demand-led" } ], "volume": { "latest": 1540, "relative_activity": 0.217361, "balance": 5.166019, "dry_up": 0.686944, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.018899, "annualized_volatility": 0.131861, "from_high_reference": -0.001588, "from_low_reference": 0.189799 }, "levels": { "trend_reference": 20.311544, "fair_value_reference": 19.396683, "structural_low": 18.490522, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 29, "median_return": 0.009857, "positive_rate": 0.62069, "directional_follow_through": 0.62069, "median_excess_return": -0.009428, "regime_survival": 0.724138, "best_return": 0.086142, "worst_return": -0.072246, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": 0.023698, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": 0.003654, "regime_survival": 0.5, "best_return": 0.060087, "worst_return": -0.154291, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.055955, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.005645, "regime_survival": 0.428571, "best_return": 0.166132, "worst_return": -0.096154, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.054004, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.027188, "regime_survival": 0.0, "best_return": 0.145198, "worst_return": 0.01874, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-04", "tenure": "Developing", "return": -0.101523, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-06-13", "tenure": "Developing", "return": 0.115831, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-08-15", "tenure": "Developing", "return": 0.028505, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-22", "end": "2025-08-29", "tenure": "New", "return": -0.005673, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-09-19", "tenure": "New", "return": 0.004653, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-26", "end": "2025-11-07", "tenure": "Developing", "return": -0.021391, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-14", "end": "2025-11-21", "tenure": "New", "return": -0.015718, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-28", "end": "2025-12-05", "tenure": "New", "return": 0.017026, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-12", "end": "2026-01-09", "tenure": "Developing", "return": 0.025061, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-01-30", "tenure": "New", "return": -0.038258, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-06", "end": "2026-02-13", "tenure": "New", "return": -0.016282, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-20", "end": "2026-04-17", "tenure": "Developing", "return": 0.034669, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-24", "end": "2026-05-15", "tenure": "New", "return": 0.020157, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-22", "end": "2026-08-07", "tenure": "Developing", "return": 0.054903, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 16.622663, "volume": 920, "typical_volume": 9464.25, "trend": 16.110444, "fair_value": 15.215899, "relative_strength": -4.483849, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.934582, "energy": 59.754288, "activity_lines": [ 16.830509, 16.804257, 16.538612, 16.317254 ] }, { "date": "2023-08-25", "close": 16.712505, "volume": 712, "typical_volume": 8523.4, "trend": 16.142526, "fair_value": 15.246221, "relative_strength": -4.963931, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.168887, "energy": 40.900105, "activity_lines": [ 16.774438, 16.797133, 16.582504, 16.356096 ] }, { "date": "2023-09-01", "close": 17.259203, "volume": 70, "typical_volume": 8448.4, "trend": 16.173473, "fair_value": 15.282632, "relative_strength": -2.936739, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 79.947916, "energy": 54.942346, "activity_lines": [ 16.907863, 16.887392, 16.67259, 16.42814 ] }, { "date": "2023-09-08", "close": 17.104366, "volume": 1923, "typical_volume": 8334.05, "trend": 16.205523, "fair_value": 15.317969, "relative_strength": -1.930297, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.133024, "energy": 53.636791, "activity_lines": [ 16.985598, 16.933581, 16.73983, 16.488198 ] }, { "date": "2023-09-15", "close": 16.997322, "volume": 700, "typical_volume": 8047.1, "trend": 16.234256, "fair_value": 15.350724, "relative_strength": -4.277917, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.868504, "energy": 53.923, "activity_lines": [ 17.01529, 16.954782, 16.789766, 16.539282 ] }, { "date": "2023-09-22", "close": 16.997322, "volume": 0, "typical_volume": 6728.75, "trend": 16.269254, "fair_value": 15.385433, "relative_strength": -2.789017, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.99188, "energy": 63.24029, "activity_lines": [ 17.03466, 16.969657, 16.833012, 16.588512 ] }, { "date": "2023-09-29", "close": 16.51944, "volume": 10, "typical_volume": 3561.95, "trend": 16.284, "fair_value": 15.415009, "relative_strength": -3.937728, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.066635, "energy": 30.057305, "activity_lines": [ 16.869759, 16.89184, 16.823437, 16.604653 ] }, { "date": "2023-10-06", "close": 16.337845, "volume": 3100, "typical_volume": 3628.95, "trend": 16.312552, "fair_value": 15.44218, "relative_strength": -3.083132, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.43778, "energy": 15.662594, "activity_lines": [ 16.657197, 16.786498, 16.791514, 16.608127 ] }, { "date": "2023-10-13", "close": 16.628395, "volume": 1181, "typical_volume": 3655.0, "trend": 16.354423, "fair_value": 15.470278, "relative_strength": -2.428607, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.524408, "energy": 21.585468, "activity_lines": [ 16.602909, 16.749622, 16.785006, 16.628504 ] }, { "date": "2023-10-20", "close": 16.003326, "volume": 8650, "typical_volume": 3983.5, "trend": 16.378653, "fair_value": 15.495961, "relative_strength": -2.723787, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -43.872991, "energy": 44.576562, "activity_lines": [ 16.371996, 16.604381, 16.71599, 16.605852 ] }, { "date": "2023-10-27", "close": 15.80644, "volume": 13728, "typical_volume": 4330.4, "trend": 16.379969, "fair_value": 15.523106, "relative_strength": -3.288764, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -49.015692, "energy": 68.093009, "activity_lines": [ 16.141721, 16.438599, 16.628661, 16.568935 ] }, { "date": "2023-11-03", "close": 16.280497, "volume": 27203, "typical_volume": 5477.55, "trend": 16.406672, "fair_value": 15.54929, "relative_strength": -4.901843, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.227643, "energy": 57.121525, "activity_lines": [ 16.148857, 16.37385, 16.589265, 16.562518 ] }, { "date": "2023-11-10", "close": 16.223152, "volume": 81265, "typical_volume": 9303.4, "trend": 16.428833, "fair_value": 15.57458, "relative_strength": -4.394457, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.126948, "energy": 57.912269, "activity_lines": [ 16.152808, 16.30653, 16.545937, 16.550678 ] }, { "date": "2023-11-17", "close": 16.592079, "volume": 51782, "typical_volume": 11079.25, "trend": 16.46152, "fair_value": 15.601638, "relative_strength": -5.266177, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.516582, "energy": 26.212628, "activity_lines": [ 16.28738, 16.325124, 16.538509, 16.56121 ] }, { "date": "2023-11-24", "close": 16.737354, "volume": 35291, "typical_volume": 12712.4, "trend": 16.499687, "fair_value": 15.628716, "relative_strength": -3.951897, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 5.981836, "energy": 11.29619, "activity_lines": [ 16.472798, 16.379446, 16.54591, 16.579005 ] }, { "date": "2023-12-01", "close": 16.737354, "volume": 0, "typical_volume": 11890.8, "trend": 16.542187, "fair_value": 15.657091, "relative_strength": -5.239338, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.801309, "energy": 21.37143, "activity_lines": [ 16.609282, 16.438495, 16.552891, 16.594339 ] }, { "date": "2023-12-08", "close": 17.39492, "volume": 13355, "typical_volume": 12442.05, "trend": 16.606733, "fair_value": 15.6896, "relative_strength": -2.801337, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 63.400316, "energy": 49.102973, "activity_lines": [ 16.902893, 16.621828, 16.622216, 16.649354 ] }, { "date": "2023-12-15", "close": 18.004698, "volume": 9845, "typical_volume": 12742.0, "trend": 16.678097, "fair_value": 15.725234, "relative_strength": 0.879766, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.193825, "energy": 87.132182, "activity_lines": [ 17.325468, 16.900112, 16.746884, 16.739545 ] }, { "date": "2023-12-22", "close": 17.993229, "volume": 8187, "typical_volume": 12942.35, "trend": 16.744427, "fair_value": 15.760959, "relative_strength": 1.018165, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.971673, "energy": 92.746492, "activity_lines": [ 17.625451, 17.146004, 16.866619, 16.824392 ] }, { "date": "2023-12-29", "close": 17.874714, "volume": 3067, "typical_volume": 13049.45, "trend": 16.803748, "fair_value": 15.795689, "relative_strength": 0.498578, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.074272, "energy": 90.857442, "activity_lines": [ 17.792518, 17.345533, 16.969951, 16.897314 ] }, { "date": "2024-01-05", "close": 17.631948, "volume": 24188, "typical_volume": 14212.85, "trend": 16.8451, "fair_value": 15.826162, "relative_strength": -1.053162, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.019779, "energy": 87.99988, "activity_lines": [ 17.80284, 17.466898, 17.045247, 16.950746 ] }, { "date": "2024-01-12", "close": 17.691208, "volume": 2720, "typical_volume": 14313.25, "trend": 16.88142, "fair_value": 15.855728, "relative_strength": -0.742681, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.92344, "energy": 83.102045, "activity_lines": [ 17.773275, 17.565846, 17.12138, 17.005334 ] }, { "date": "2024-01-19", "close": 17.94544, "volume": 17467, "typical_volume": 15183.1, "trend": 16.933477, "fair_value": 15.887029, "relative_strength": 1.301819, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.247965, "energy": 77.166553, "activity_lines": [ 17.808702, 17.685368, 17.217066, 17.07398 ] }, { "date": "2024-01-26", "close": 18.224525, "volume": 3945, "typical_volume": 15284.2, "trend": 16.980947, "fair_value": 15.920411, "relative_strength": 2.541631, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.680232, "energy": 70.092012, "activity_lines": [ 17.941108, 17.824319, 17.336063, 17.157274 ] }, { "date": "2024-02-02", "close": 18.430969, "volume": 26844, "typical_volume": 16591.4, "trend": 17.040331, "fair_value": 15.953187, "relative_strength": 2.578772, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.682239, "energy": 92.592586, "activity_lines": [ 18.126909, 17.971125, 17.469388, 17.250824 ] }, { "date": "2024-02-09", "close": 18.666088, "volume": 9711, "typical_volume": 17076.95, "trend": 17.106598, "fair_value": 15.987587, "relative_strength": 2.402928, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.746488, "energy": 94.668887, "activity_lines": [ 18.353999, 18.129886, 17.618278, 17.355711 ] }, { "date": "2024-02-16", "close": 18.763577, "volume": 30063, "typical_volume": 18579.6, "trend": 17.171335, "fair_value": 16.022506, "relative_strength": 1.036411, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.565534, "energy": 94.584581, "activity_lines": [ 18.544642, 18.271305, 17.768506, 17.462613 ] }, { "date": "2024-02-23", "close": 18.872534, "volume": 18140, "typical_volume": 19331.6, "trend": 17.227152, "fair_value": 16.06154, "relative_strength": -1.343373, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.248263, "energy": 94.221252, "activity_lines": [ 18.700114, 18.407649, 17.918425, 17.572368 ] }, { "date": "2024-03-01", "close": 18.977667, "volume": 21941, "typical_volume": 20369.6, "trend": 17.295776, "fair_value": 16.102978, "relative_strength": -1.490599, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.80577, "energy": 92.420254, "activity_lines": [ 18.828823, 18.54733, 18.066286, 17.685304 ] }, { "date": "2024-03-08", "close": 18.933702, "volume": 32015, "typical_volume": 21537.85, "trend": 17.365483, "fair_value": 16.139398, "relative_strength": -3.099593, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.769312, "energy": 89.941731, "activity_lines": [ 18.892668, 18.661118, 18.198773, 17.790977 ] }, { "date": "2024-03-15", "close": 18.861063, "volume": 1811, "typical_volume": 20942.0, "trend": 17.440096, "fair_value": 16.17479, "relative_strength": -4.848025, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.515046, "energy": 87.363636, "activity_lines": [ 18.898785, 18.742445, 18.310388, 17.887466 ] }, { "date": "2024-03-22", "close": 18.866798, "volume": 6423, "typical_volume": 19903.0, "trend": 17.511906, "fair_value": 16.208605, "relative_strength": -5.812644, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.940046, "energy": 67.634617, "activity_lines": [ 18.893814, 18.802467, 18.408004, 17.979511 ] }, { "date": "2024-03-29", "close": 19.177422, "volume": 3142, "typical_volume": 15996.85, "trend": 17.575846, "fair_value": 16.242446, "relative_strength": -5.287935, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.959996, "energy": 72.947173, "activity_lines": [ 18.985504, 18.897591, 18.522887, 18.086964 ] }, { "date": "2024-04-05", "close": 18.897381, "volume": 3817, "typical_volume": 13598.6, "trend": 17.635614, "fair_value": 16.273966, "relative_strength": -4.601615, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.73977, "energy": 65.14102, "activity_lines": [ 18.963521, 18.9194, 18.597031, 18.172224 ] }, { "date": "2024-04-12", "close": 18.83239, "volume": 10211, "typical_volume": 12344.6, "trend": 17.696783, "fair_value": 16.303327, "relative_strength": -4.232824, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.590236, "energy": 62.852748, "activity_lines": [ 18.925227, 18.917158, 18.654008, 18.249436 ] }, { "date": "2024-04-19", "close": 18.600237, "volume": 7047, "typical_volume": 12696.95, "trend": 17.750213, "fair_value": 16.331538, "relative_strength": -5.809362, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.89208, "energy": 51.983123, "activity_lines": [ 18.816302, 18.865408, 18.678899, 18.307723 ] }, { "date": "2024-04-26", "close": 18.613836, "volume": 2881, "typical_volume": 12173.25, "trend": 17.820026, "fair_value": 16.360284, "relative_strength": -6.543213, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.661414, "energy": 33.353334, "activity_lines": [ 18.729299, 18.817328, 18.696215, 18.363441 ] }, { "date": "2024-05-03", "close": 18.506971, "volume": 4226, "typical_volume": 11892.3, "trend": 17.89233, "fair_value": 16.38767, "relative_strength": -5.316773, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.227218, "energy": 28.717572, "activity_lines": [ 18.623538, 18.75254, 18.697548, 18.40776 ] }, { "date": "2024-05-10", "close": 18.948032, "volume": 811, "typical_volume": 11523.5, "trend": 17.969652, "fair_value": 16.419516, "relative_strength": -5.877958, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.169946, "energy": 28.768114, "activity_lines": [ 18.709494, 18.774592, 18.738495, 18.475869 ] }, { "date": "2024-05-17", "close": 18.907228, "volume": 50, "typical_volume": 11372.65, "trend": 18.066448, "fair_value": 16.451385, "relative_strength": -7.92026, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.130292, "energy": 32.519743, "activity_lines": [ 18.778473, 18.789764, 18.77101, 18.536358 ] }, { "date": "2024-05-24", "close": 19.014095, "volume": 560, "typical_volume": 10191.25, "trend": 18.17337, "fair_value": 16.483027, "relative_strength": -4.811174, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.91573, "energy": 45.953382, "activity_lines": [ 18.878084, 18.824847, 18.808786, 18.597497 ] }, { "date": "2024-05-31", "close": 18.382622, "volume": 4210, "typical_volume": 10265.75, "trend": 18.243441, "fair_value": 16.510078, "relative_strength": -7.786324, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.352049, "energy": 18.569819, "activity_lines": [ 18.739614, 18.742335, 18.779839, 18.610997 ] }, { "date": "2024-06-07", "close": 18.508917, "volume": 3956, "typical_volume": 9590.2, "trend": 18.319633, "fair_value": 16.537003, "relative_strength": -7.3888, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.41379, "energy": 8.133586, "activity_lines": [ 18.658656, 18.691589, 18.759629, 18.628124 ] }, { "date": "2024-06-14", "close": 19.012152, "volume": 2900, "typical_volume": 9537.95, "trend": 18.400302, "fair_value": 16.566728, "relative_strength": 0.985696, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.421054, "energy": 20.847674, "activity_lines": [ 18.745314, 18.744495, 18.784662, 18.672803 ] }, { "date": "2024-06-21", "close": 19.235594, "volume": 3060, "typical_volume": 8348.75, "trend": 18.483577, "fair_value": 16.596098, "relative_strength": 0.279541, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.032537, "energy": 31.315487, "activity_lines": [ 18.902178, 18.835939, 18.827225, 18.726693 ] }, { "date": "2024-06-28", "close": 19.177305, "volume": 186229, "typical_volume": 17174.65, "trend": 18.564909, "fair_value": 16.622858, "relative_strength": 0.49903, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 63.91205, "energy": 50.232609, "activity_lines": [ 19.017721, 18.909455, 18.860405, 18.771449 ] }, { "date": "2024-07-05", "close": 19.062668, "volume": 1695, "typical_volume": 15756.25, "trend": 18.6205, "fair_value": 16.649037, "relative_strength": -2.427492, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.937784, "energy": 60.878126, "activity_lines": [ 19.084171, 18.951635, 18.880232, 18.803563 ] }, { "date": "2024-07-12", "close": 19.45418, "volume": 7602, "typical_volume": 15229.35, "trend": 18.668816, "fair_value": 16.677608, "relative_strength": -2.06785, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.831956, "energy": 74.921205, "activity_lines": [ 19.235788, 19.056839, 18.935923, 18.857349 ] }, { "date": "2024-07-19", "close": 19.677624, "volume": 14841, "typical_volume": 14874.35, "trend": 18.724963, "fair_value": 16.706108, "relative_strength": 0.140025, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.179668, "energy": 84.074894, "activity_lines": [ 19.39887, 19.185448, 19.010124, 18.922433 ] }, { "date": "2024-07-26", "close": 19.43475, "volume": 81453, "typical_volume": 17346.25, "trend": 18.776964, "fair_value": 16.733299, "relative_strength": 0.113253, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.542505, "energy": 74.752965, "activity_lines": [ 19.436628, 19.256631, 19.057861, 18.968226 ] }, { "date": "2024-08-02", "close": 18.802307, "volume": 346544, "typical_volume": 34582.9, "trend": 18.815976, "fair_value": 16.755005, "relative_strength": 2.29498, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.761181, "energy": 35.704105, "activity_lines": [ 19.250296, 19.203234, 19.042979, 18.969861 ] }, { "date": "2024-08-09", "close": 18.903343, "volume": 140049, "typical_volume": 41264.2, "trend": 18.856381, "fair_value": 16.776779, "relative_strength": 3.614664, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.677051, "energy": 19.413895, "activity_lines": [ 19.122641, 19.172058, 19.038, 18.975497 ] }, { "date": "2024-08-16", "close": 19.414349, "volume": 219736, "typical_volume": 52093.9, "trend": 18.905344, "fair_value": 16.801461, "relative_strength": 2.399082, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.503077, "energy": 20.370181, "activity_lines": [ 19.175944, 19.224325, 19.081514, 19.011495 ] }, { "date": "2024-08-23", "close": 19.502756, "volume": 68392, "typical_volume": 55322.65, "trend": 18.947952, "fair_value": 16.826059, "relative_strength": 1.047388, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.583582, "energy": 21.401827, "activity_lines": [ 19.261371, 19.276203, 19.13232, 19.050038 ] }, { "date": "2024-08-30", "close": 19.769917, "volume": 10423, "typical_volume": 55333.25, "trend": 18.992584, "fair_value": 16.852334, "relative_strength": 0.368783, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.031214, "energy": 49.074066, "activity_lines": [ 19.44751, 19.367735, 19.205686, 19.103068 ] }, { "date": "2024-09-06", "close": 19.113186, "volume": 5396, "typical_volume": 55250.7, "trend": 19.007487, "fair_value": 16.87498, "relative_strength": 0.295122, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.981933, "energy": 43.418416, "activity_lines": [ 19.392394, 19.330147, 19.212042, 19.110849 ] }, { "date": "2024-09-13", "close": 19.599905, "volume": 8194, "typical_volume": 55516.35, "trend": 19.035364, "fair_value": 16.900638, "relative_strength": 2.015379, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.601168, "energy": 52.78947, "activity_lines": [ 19.478792, 19.382219, 19.26231, 19.149069 ] }, { "date": "2024-09-20", "close": 19.74563, "volume": 2921, "typical_volume": 55451.1, "trend": 19.064468, "fair_value": 16.927385, "relative_strength": 2.217532, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.996228, "energy": 57.578945, "activity_lines": [ 19.567328, 19.451019, 19.321761, 19.194893 ] }, { "date": "2024-09-27", "close": 20.143942, "volume": 10802, "typical_volume": 55950.65, "trend": 19.103343, "fair_value": 16.958567, "relative_strength": 1.398232, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.335681, "energy": 62.42412, "activity_lines": [ 19.766549, 19.58694, 19.413248, 19.264536 ] }, { "date": "2024-10-04", "close": 20.12937, "volume": 4871, "typical_volume": 56191.7, "trend": 19.143199, "fair_value": 16.987548, "relative_strength": 4.700886, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.282772, "energy": 74.2112, "activity_lines": [ 19.918167, 19.711733, 19.497653, 19.330732 ] }, { "date": "2024-10-11", "close": 20.449961, "volume": 1015, "typical_volume": 56214.45, "trend": 19.196162, "fair_value": 17.016538, "relative_strength": 4.12959, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.356983, "energy": 83.106775, "activity_lines": [ 20.152685, 19.882186, 19.60677, 19.415039 ] }, { "date": "2024-10-18", "close": 20.712267, "volume": 1085, "typical_volume": 56058.2, "trend": 19.257678, "fair_value": 17.044842, "relative_strength": 2.769336, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.133006, "energy": 89.107245, "activity_lines": [ 20.38552, 20.070373, 19.734031, 19.512852 ] }, { "date": "2024-10-25", "close": 20.644262, "volume": 17887, "typical_volume": 56754.75, "trend": 19.306573, "fair_value": 17.070794, "relative_strength": 3.642551, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.434874, "energy": 88.157635, "activity_lines": [ 20.52153, 20.213307, 19.843722, 19.602309 ] }, { "date": "2024-11-01", "close": 20.357672, "volume": 9272, "typical_volume": 57073.35, "trend": 19.355249, "fair_value": 17.090033, "relative_strength": 2.432037, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.098102, "energy": 84.450672, "activity_lines": [ 20.5021, 20.281771, 19.915951, 19.670122 ] }, { "date": "2024-11-08", "close": 21.479748, "volume": 16290, "typical_volume": 57734.85, "trend": 19.443494, "fair_value": 17.117163, "relative_strength": 10.578268, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.666747, "energy": 94.153407, "activity_lines": [ 20.842447, 20.538705, 20.088636, 19.807186 ] }, { "date": "2024-11-15", "close": 21.416601, "volume": 9463, "typical_volume": 48896.55, "trend": 19.537373, "fair_value": 17.141639, "relative_strength": 8.811273, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.686705, "energy": 92.358437, "activity_lines": [ 21.07172, 20.75307, 20.244621, 19.934484 ] }, { "date": "2024-11-22", "close": 22.106359, "volume": 140117, "typical_volume": 55817.65, "trend": 19.65379, "fair_value": 17.172821, "relative_strength": 14.304229, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.373175, "energy": 94.981539, "activity_lines": [ 21.46647, 21.050965, 20.455635, 20.100225 ] }, { "date": "2024-11-29", "close": 21.892633, "volume": 24998, "typical_volume": 56687.45, "trend": 19.766646, "fair_value": 17.203048, "relative_strength": 13.108792, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.313877, "energy": 91.353785, "activity_lines": [ 21.697038, 21.264429, 20.631799, 20.244666 ] }, { "date": "2024-12-06", "close": 21.829485, "volume": 18593, "typical_volume": 56875.05, "trend": 19.862694, "fair_value": 17.230337, "relative_strength": 8.248267, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.666693, "energy": 87.556227, "activity_lines": [ 21.823332, 21.427375, 20.790338, 20.377753 ] }, { "date": "2024-12-13", "close": 21.805197, "volume": 4228, "typical_volume": 53013.8, "trend": 19.959293, "fair_value": 17.257162, "relative_strength": 7.582169, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.320693, "energy": 85.45272, "activity_lines": [ 21.84341, 21.555259, 20.936316, 20.503075 ] }, { "date": "2024-12-20", "close": 21.232016, "volume": 12329, "typical_volume": 36303.05, "trend": 20.033224, "fair_value": 17.27932, "relative_strength": 8.109332, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.982375, "energy": 63.402684, "activity_lines": [ 21.65073, 21.548458, 21.016418, 20.585186 ] }, { "date": "2024-12-27", "close": 21.232016, "volume": 0, "typical_volume": 29300.6, "trend": 20.128204, "fair_value": 17.299442, "relative_strength": 6.74417, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.295262, "energy": 50.405842, "activity_lines": [ 21.470356, 21.527439, 21.08495, 20.662528 ] }, { "date": "2025-01-03", "close": 21.338881, "volume": 19085, "typical_volume": 19268.05, "trend": 20.222536, "fair_value": 17.32426, "relative_strength": 7.222117, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.385265, "energy": 37.961291, "activity_lines": [ 21.383893, 21.516399, 21.152571, 20.740636 ] }, { "date": "2025-01-10", "close": 21.270876, "volume": 455, "typical_volume": 15871.2, "trend": 20.297827, "fair_value": 17.351471, "relative_strength": 3.862614, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.781952, "energy": 28.836975, "activity_lines": [ 21.311679, 21.480365, 21.204551, 20.808271 ] }, { "date": "2025-01-17", "close": 21.819769, "volume": 42144, "typical_volume": 17457.25, "trend": 20.383966, "fair_value": 17.384414, "relative_strength": 3.051481, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.02662, "energy": 38.448694, "activity_lines": [ 21.459669, 21.527527, 21.300386, 20.906461 ] }, { "date": "2025-01-24", "close": 21.523464, "volume": 37112, "typical_volume": 19043.05, "trend": 20.462171, "fair_value": 17.41864, "relative_strength": 1.858166, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.157847, "energy": 35.630623, "activity_lines": [ 21.50792, 21.514632, 21.358241, 20.979977 ] }, { "date": "2025-01-31", "close": 21.810055, "volume": 2980, "typical_volume": 18782.35, "trend": 20.553751, "fair_value": 17.454975, "relative_strength": 2.454304, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.43029, "energy": 47.909612, "activity_lines": [ 21.632271, 21.551902, 21.431912, 21.066937 ] }, { "date": "2025-02-07", "close": 21.649759, "volume": 10531, "typical_volume": 19162.85, "trend": 20.626937, "fair_value": 17.489171, "relative_strength": 0.147571, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.085912, "energy": 49.954449, "activity_lines": [ 21.664655, 21.565415, 21.479793, 21.137647 ] }, { "date": "2025-02-14", "close": 21.606041, "volume": 4902, "typical_volume": 18867.85, "trend": 20.691217, "fair_value": 17.524779, "relative_strength": -2.408978, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.183548, "energy": 45.678814, "activity_lines": [ 21.66174, 21.575395, 21.514443, 21.200815 ] }, { "date": "2025-02-21", "close": 21.51375, "volume": 1920, "typical_volume": 18720.3, "trend": 20.760517, "fair_value": 17.562138, "relative_strength": -3.891817, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.834987, "energy": 42.903341, "activity_lines": [ 21.605718, 21.572657, 21.533341, 21.253882 ] }, { "date": "2025-02-28", "close": 21.314594, "volume": 2750, "typical_volume": 18807.05, "trend": 20.84426, "fair_value": 17.593191, "relative_strength": -5.280294, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.97059, "energy": 24.795046, "activity_lines": [ 21.503711, 21.539008, 21.52668, 21.289629 ] }, { "date": "2025-03-07", "close": 20.085651, "volume": 6442, "typical_volume": 19074.9, "trend": 20.88367, "fair_value": 17.618295, "relative_strength": -10.461056, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -26.013147, "energy": 34.060473, "activity_lines": [ 21.005981, 21.280414, 21.398859, 21.240686 ] }, { "date": "2025-03-14", "close": 19.07044, "volume": 8875, "typical_volume": 18624.3, "trend": 20.872207, "fair_value": 17.633459, "relative_strength": -14.947575, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -56.141894, "energy": 78.480745, "activity_lines": [ 20.284808, 20.858079, 21.177335, 21.123704 ] }, { "date": "2025-03-21", "close": 19.648479, "volume": 1680, "typical_volume": 18244.7, "trend": 20.877064, "fair_value": 17.6513, "relative_strength": -13.092312, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.159077, "energy": 83.14434, "activity_lines": [ 19.92827, 20.582086, 21.018356, 21.044753 ] }, { "date": "2025-03-28", "close": 19.473612, "volume": 204, "typical_volume": 17440.4, "trend": 20.867187, "fair_value": 17.667108, "relative_strength": -13.063439, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.941655, "energy": 81.92112, "activity_lines": [ 19.643946, 20.303797, 20.846101, 20.954208 ] }, { "date": "2025-04-04", "close": 18.046486, "volume": 18184, "typical_volume": 17876.45, "trend": 20.831631, "fair_value": 17.672609, "relative_strength": -9.820242, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -95.378745, "energy": 98.144125, "activity_lines": [ 19.019923, 19.808688, 20.547482, 20.772227 ] }, { "date": "2025-04-11", "close": 17.269287, "volume": 1027, "typical_volume": 10921.95, "trend": 20.753943, "fair_value": 17.674796, "relative_strength": -11.981786, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.920352, "energy": 98.638628, "activity_lines": [ 18.354708, 19.235488, 20.190893, 20.542399 ] }, { "date": "2025-04-18", "close": 17.514105, "volume": 10283, "typical_volume": 10186.2, "trend": 20.679559, "fair_value": 17.680031, "relative_strength": -15.403221, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.196396, "energy": 94.912748, "activity_lines": [ 17.958856, 18.78936, 19.880653, 20.333377 ] }, { "date": "2025-04-25", "close": 18.004084, "volume": 4333, "typical_volume": 9473.2, "trend": 20.608231, "fair_value": 17.688998, "relative_strength": -16.049568, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.524499, "energy": 87.244468, "activity_lines": [ 17.830086, 18.507513, 19.637928, 20.160766 ] }, { "date": "2025-05-02", "close": 18.021883, "volume": 4, "typical_volume": 9262.0, "trend": 20.537981, "fair_value": 17.70161, "relative_strength": -17.894882, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.033911, "energy": 77.344934, "activity_lines": [ 17.816875, 18.294392, 19.415114, 19.993905 ] }, { "date": "2025-05-09", "close": 18.994755, "volume": 1910, "typical_volume": 8741.05, "trend": 20.489474, "fair_value": 17.721373, "relative_strength": -15.570795, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.689398, "energy": 62.833033, "activity_lines": [ 18.224737, 18.321645, 19.30297, 19.894342 ] }, { "date": "2025-05-16", "close": 19.700682, "volume": 1264, "typical_volume": 8804.25, "trend": 20.455755, "fair_value": 17.751468, "relative_strength": -15.061266, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.177281, "energy": 37.402974, "activity_lines": [ 18.80469, 18.519427, 19.268711, 19.843452 ] }, { "date": "2025-05-23", "close": 19.700682, "volume": 0, "typical_volume": 7850.0, "trend": 20.424302, "fair_value": 17.77648, "relative_strength": -12.365867, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.8065, "energy": 34.293428, "activity_lines": [ 19.22255, 18.724209, 19.241745, 19.794737 ] }, { "date": "2025-05-30", "close": 19.552376, "volume": 1330, "typical_volume": 7893.75, "trend": 20.397459, "fair_value": 17.801589, "relative_strength": -14.222456, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.434182, "energy": 35.5239, "activity_lines": [ 19.445203, 18.890568, 19.208455, 19.738484 ] }, { "date": "2025-06-06", "close": 19.572151, "volume": 615, "typical_volume": 5817.3, "trend": 20.333872, "fair_value": 17.830077, "relative_strength": -15.075562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.078055, "energy": 33.572485, "activity_lines": [ 19.571228, 19.062269, 19.185231, 19.685238 ] }, { "date": "2025-06-13", "close": 19.269611, "volume": 2108, "typical_volume": 4067.1, "trend": 20.262306, "fair_value": 17.861446, "relative_strength": -13.649341, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.724684, "energy": 23.673766, "activity_lines": [ 19.493056, 19.177171, 19.143897, 19.616576 ] }, { "date": "2025-06-20", "close": 19.249838, "volume": 4, "typical_volume": 3918.3, "trend": 20.167089, "fair_value": 17.888169, "relative_strength": -13.023975, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.885234, "energy": 17.333172, "activity_lines": [ 19.389968, 19.266239, 19.111413, 19.551256 ] }, { "date": "2025-06-27", "close": 19.370457, "volume": 7484, "typical_volume": 3765.95, "trend": 20.083016, "fair_value": 17.916425, "relative_strength": -13.335416, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.243499, "energy": 12.559115, "activity_lines": [ 19.357143, 19.341228, 19.102607, 19.49986 ] }, { "date": "2025-07-04", "close": 19.419893, "volume": 1000, "typical_volume": 3570.85, "trend": 20.002696, "fair_value": 17.939709, "relative_strength": -12.639792, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.657622, "energy": 19.12522, "activity_lines": [ 19.362812, 19.391454, 19.109364, 19.457078 ] }, { "date": "2025-07-11", "close": 19.506897, "volume": 2900, "typical_volume": 3619.85, "trend": 19.926086, "fair_value": 17.964442, "relative_strength": -13.020705, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.041469, "energy": 12.816026, "activity_lines": [ 19.406314, 19.431757, 19.134817, 19.425091 ] }, { "date": "2025-07-18", "close": 19.580061, "volume": 18654, "typical_volume": 4415.05, "trend": 19.871021, "fair_value": 17.987005, "relative_strength": -12.9338, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.696931, "energy": 14.63927, "activity_lines": [ 19.478555, 19.458362, 19.176794, 19.402767 ] }, { "date": "2025-07-25", "close": 19.639383, "volume": 3114, "typical_volume": 4248.65, "trend": 19.817933, "fair_value": 18.006756, "relative_strength": -13.281081, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.467579, "energy": 32.859982, "activity_lines": [ 19.549873, 19.48511, 19.232681, 19.387822 ] }, { "date": "2025-08-01", "close": 19.961697, "volume": 2884, "typical_volume": 3949.1, "trend": 19.772027, "fair_value": 18.0272, "relative_strength": -9.857369, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 23.354165, "energy": 47.491297, "activity_lines": [ 19.702659, 19.571576, 19.32139, 19.397098 ] }, { "date": "2025-08-08", "close": 19.546446, "volume": 31920, "typical_volume": 5461.1, "trend": 19.714546, "fair_value": 18.042596, "relative_strength": -14.92785, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.07319, "energy": 39.932076, "activity_lines": [ 19.677612, 19.577796, 19.366306, 19.382544 ] }, { "date": "2025-08-15", "close": 19.798561, "volume": 17790, "typical_volume": 6340.4, "trend": 19.647173, "fair_value": 18.058428, "relative_strength": -15.548255, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 43.423936, "energy": 61.592416, "activity_lines": [ 19.728167, 19.629963, 19.43572, 19.387964 ] }, { "date": "2025-08-22", "close": 20.040792, "volume": 17222, "typical_volume": 6292.3, "trend": 19.59775, "fair_value": 18.078608, "relative_strength": -15.4642, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 54.347052, "energy": 69.621827, "activity_lines": [ 19.840021, 19.722055, 19.526656, 19.413359 ] }, { "date": "2025-08-29", "close": 19.927092, "volume": 32935, "typical_volume": 7887.7, "trend": 19.534985, "fair_value": 18.101396, "relative_strength": -13.411621, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.452725, "energy": 65.554382, "activity_lines": [ 19.88326, 19.779453, 19.597266, 19.434607 ] }, { "date": "2025-09-05", "close": 19.546446, "volume": 14252, "typical_volume": 8086.15, "trend": 19.464874, "fair_value": 18.119611, "relative_strength": -13.547253, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 33.051199, "energy": 45.220636, "activity_lines": [ 19.780436, 19.755329, 19.618968, 19.435346 ] }, { "date": "2025-09-12", "close": 19.676952, "volume": 318, "typical_volume": 7885.4, "trend": 19.400571, "fair_value": 18.138639, "relative_strength": -14.561013, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.664268, "energy": 39.195558, "activity_lines": [ 19.748798, 19.751734, 19.643422, 19.449029 ] }, { "date": "2025-09-19", "close": 19.637405, "volume": 35984, "typical_volume": 9684.4, "trend": 19.338027, "fair_value": 18.165534, "relative_strength": -13.851166, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.595065, "energy": 24.59775, "activity_lines": [ 19.695276, 19.736274, 19.656143, 19.464308 ] }, { "date": "2025-09-26", "close": 19.504921, "volume": 27771, "typical_volume": 10977.45, "trend": 19.277704, "fair_value": 18.19252, "relative_strength": -14.729053, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.838077, "energy": 25.769627, "activity_lines": [ 19.608338, 19.694354, 19.648554, 19.475076 ] }, { "date": "2025-10-03", "close": 19.732319, "volume": 70407, "typical_volume": 14434.6, "trend": 19.265926, "fair_value": 18.221264, "relative_strength": -14.51697, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.872585, "energy": 21.819229, "activity_lines": [ 19.632923, 19.695145, 19.660192, 19.504406 ] }, { "date": "2025-10-10", "close": 19.576105, "volume": 48490, "typical_volume": 16859.1, "trend": 19.282782, "fair_value": 18.249573, "relative_strength": -12.340997, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.976216, "energy": 18.469741, "activity_lines": [ 19.618422, 19.665843, 19.656802, 19.524417 ] }, { "date": "2025-10-17", "close": 19.463396, "volume": 70044, "typical_volume": 20294.8, "trend": 19.276612, "fair_value": 18.277762, "relative_strength": -11.850229, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.376143, "energy": 11.917141, "activity_lines": [ 19.564374, 19.62306, 19.643271, 19.53607 ] }, { "date": "2025-10-24", "close": 19.778788, "volume": 107330, "typical_volume": 25630.55, "trend": 19.286785, "fair_value": 18.302901, "relative_strength": -11.546686, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.735849, "energy": 15.27378, "activity_lines": [ 19.629693, 19.639131, 19.660201, 19.568468 ] }, { "date": "2025-10-31", "close": 19.639383, "volume": 27808, "typical_volume": 26915.55, "trend": 19.339882, "fair_value": 18.329001, "relative_strength": -13.150159, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.149135, "energy": 13.026456, "activity_lines": [ 19.639119, 19.630215, 19.662871, 19.591216 ] }, { "date": "2025-11-07", "close": 19.087692, "volume": 19808, "typical_volume": 27905.75, "trend": 19.400495, "fair_value": 18.348191, "relative_strength": -14.486491, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.158936, "energy": 15.995845, "activity_lines": [ 19.455684, 19.528289, 19.611238, 19.574946 ] }, { "date": "2025-11-14", "close": 19.374413, "volume": 18862, "typical_volume": 28474.65, "trend": 19.462505, "fair_value": 18.370545, "relative_strength": -14.740465, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.076424, "energy": 22.575653, "activity_lines": [ 19.410797, 19.493757, 19.587683, 19.573263 ] }, { "date": "2025-11-21", "close": 19.069895, "volume": 33891, "typical_volume": 30119.2, "trend": 19.498032, "fair_value": 18.388898, "relative_strength": -12.766659, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -41.653584, "energy": 50.294266, "activity_lines": [ 19.27785, 19.406986, 19.535108, 19.547934 ] }, { "date": "2025-11-28", "close": 19.510851, "volume": 14142, "typical_volume": 30681.3, "trend": 19.547665, "fair_value": 18.410091, "relative_strength": -11.498758, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.531123, "energy": 41.258271, "activity_lines": [ 19.318123, 19.411426, 19.526196, 19.548761 ] }, { "date": "2025-12-05", "close": 19.843052, "volume": 20474, "typical_volume": 30772.3, "trend": 19.575941, "fair_value": 18.435629, "relative_strength": -9.563412, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -18.037943, "energy": 10.221982, "activity_lines": [ 19.486991, 19.478567, 19.548903, 19.567818 ] }, { "date": "2025-12-12", "close": 19.647291, "volume": 11234, "typical_volume": 31178.3, "trend": 19.574162, "fair_value": 18.463527, "relative_strength": -10.028159, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.454275, "energy": 6.494437, "activity_lines": [ 19.577028, 19.503967, 19.551713, 19.572421 ] }, { "date": "2025-12-19", "close": 19.647291, "volume": 0, "typical_volume": 31034.1, "trend": 19.572382, "fair_value": 18.492582, "relative_strength": -11.887864, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.502761, "energy": 16.284418, "activity_lines": [ 19.629758, 19.530913, 19.554486, 19.577139 ] }, { "date": "2025-12-26", "close": 19.714523, "volume": 340, "typical_volume": 29455.1, "trend": 19.577787, "fair_value": 18.522886, "relative_strength": -10.667851, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.642065, "energy": 23.749041, "activity_lines": [ 19.686707, 19.568789, 19.565159, 19.58631 ] }, { "date": "2026-01-02", "close": 19.714523, "volume": 0, "typical_volume": 28565.6, "trend": 19.582532, "fair_value": 18.550649, "relative_strength": -11.521819, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.622023, "energy": 27.253385, "activity_lines": [ 19.700681, 19.602099, 19.575032, 19.595131 ] }, { "date": "2026-01-09", "close": 20.139662, "volume": 6174, "typical_volume": 28013.2, "trend": 19.611534, "fair_value": 18.579956, "relative_strength": -9.710084, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 66.176472, "energy": 55.701127, "activity_lines": [ 19.84279, 19.713876, 19.625795, 19.631075 ] }, { "date": "2026-01-16", "close": 20.20887, "volume": 22569, "typical_volume": 27494.9, "trend": 19.643502, "fair_value": 18.611767, "relative_strength": -8.984661, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.088574, "energy": 68.814235, "activity_lines": [ 19.988194, 19.829139, 19.682678, 19.669613 ] }, { "date": "2026-01-23", "close": 19.75407, "volume": 880, "typical_volume": 26826.3, "trend": 19.656289, "fair_value": 18.637434, "relative_strength": -8.553634, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.49858, "energy": 55.458925, "activity_lines": [ 19.944559, 19.841327, 19.694904, 19.676746 ] }, { "date": "2026-01-30", "close": 19.435713, "volume": 43929, "typical_volume": 29006.85, "trend": 19.656816, "fair_value": 18.657337, "relative_strength": -10.79173, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.733246, "energy": 21.728011, "activity_lines": [ 19.787687, 19.788729, 19.675823, 19.662516 ] }, { "date": "2026-02-06", "close": 19.18854, "volume": 13255, "typical_volume": 27870.4, "trend": 19.646204, "fair_value": 18.676861, "relative_strength": -12.011257, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.13468, "energy": 17.300527, "activity_lines": [ 19.567011, 19.684539, 19.63435, 19.632304 ] }, { "date": "2026-02-13", "close": 18.87611, "volume": 80, "typical_volume": 26485.85, "trend": 19.622739, "fair_value": 18.69443, "relative_strength": -12.048285, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -77.382889, "energy": 55.074745, "activity_lines": [ 19.277257, 19.529404, 19.565259, 19.582621 ] }, { "date": "2026-02-20", "close": 19.192493, "volume": 635, "typical_volume": 22997.25, "trend": 19.607843, "fair_value": 18.715232, "relative_strength": -12.053036, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.181634, "energy": 66.441799, "activity_lines": [ 19.177201, 19.449374, 19.529294, 19.554863 ] }, { "date": "2026-02-27", "close": 19.334866, "volume": 700, "typical_volume": 20607.75, "trend": 19.586949, "fair_value": 18.736115, "relative_strength": -12.274127, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.04042, "energy": 69.430527, "activity_lines": [ 19.192362, 19.403499, 19.509459, 19.537251 ] }, { "date": "2026-03-06", "close": 19.702658, "volume": 2400, "typical_volume": 17225.55, "trend": 19.592156, "fair_value": 18.763175, "relative_strength": -4.12079, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.134024, "energy": 41.855877, "activity_lines": [ 19.358066, 19.430175, 19.5258, 19.544717 ] }, { "date": "2026-03-13", "close": 19.139103, "volume": 7531, "typical_volume": 12235.6, "trend": 19.570174, "fair_value": 18.787322, "relative_strength": -6.973668, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.327764, "energy": 31.714115, "activity_lines": [ 19.318123, 19.354603, 19.487331, 19.515487 ] }, { "date": "2026-03-20", "close": 18.868202, "volume": 925, "typical_volume": 10891.45, "trend": 19.531088, "fair_value": 18.810346, "relative_strength": -4.882816, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.548445, "energy": 37.421467, "activity_lines": [ 19.191175, 19.240238, 19.426107, 19.470199 ] }, { "date": "2026-03-27", "close": 18.858315, "volume": 680, "typical_volume": 9935.05, "trend": 19.495462, "fair_value": 18.830163, "relative_strength": -5.845985, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.705876, "energy": 41.994339, "activity_lines": [ 19.061458, 19.147193, 19.367614, 19.426794 ] }, { "date": "2026-04-03", "close": 18.885998, "volume": 5970, "typical_volume": 9290.45, "trend": 19.473447, "fair_value": 18.852, "relative_strength": -9.948602, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.575805, "energy": 61.021277, "activity_lines": [ 18.963248, 19.083737, 19.31285, 19.387474 ] }, { "date": "2026-04-10", "close": 18.753515, "volume": 160, "typical_volume": 7603.9, "trend": 19.442665, "fair_value": 18.872482, "relative_strength": -13.897479, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.304015, "energy": 70.230751, "activity_lines": [ 18.850801, 19.011976, 19.247794, 19.341027 ] }, { "date": "2026-04-17", "close": 19.857882, "volume": 1200, "typical_volume": 6956.8, "trend": 19.450015, "fair_value": 18.899702, "relative_strength": -10.876461, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.119767, "energy": 17.029324, "activity_lines": [ 19.169753, 19.153413, 19.289423, 19.367815 ] }, { "date": "2026-04-24", "close": 20.34, "volume": 2700, "typical_volume": 6068.1, "trend": 19.477851, "fair_value": 18.930136, "relative_strength": -6.170451, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.097588, "energy": 25.385616, "activity_lines": [ 19.601492, 19.370337, 19.375315, 19.425233 ] }, { "date": "2026-05-01", "close": 20.07, "volume": 1800, "typical_volume": 5596.4, "trend": 19.489107, "fair_value": 18.959672, "relative_strength": -8.338118, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.644775, "energy": 38.346791, "activity_lines": [ 19.845112, 19.511555, 19.433126, 19.463437 ] }, { "date": "2026-05-08", "close": 20.27, "volume": 2244, "typical_volume": 5708.6, "trend": 19.512236, "fair_value": 18.990515, "relative_strength": -9.11119, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.303091, "energy": 58.242711, "activity_lines": [ 20.074619, 19.673182, 19.507972, 19.513817 ] }, { "date": "2026-05-15", "close": 20.75, "volume": 1650, "typical_volume": 5774.1, "trend": 19.555123, "fair_value": 19.021837, "relative_strength": -6.382206, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 84.029322, "energy": 89.009972, "activity_lines": [ 20.371859, 19.905078, 19.625567, 19.593672 ] }, { "date": "2026-05-22", "close": 20.855, "volume": 25886, "typical_volume": 7068.4, "trend": 19.590997, "fair_value": 19.052937, "relative_strength": -6.348457, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.382107, "energy": 90.928714, "activity_lines": [ 20.571, 20.137024, 19.748231, 19.677535 ] }, { "date": "2026-05-29", "close": 21.184999, "volume": 59494, "typical_volume": 9734.4, "trend": 19.642518, "fair_value": 19.085565, "relative_strength": -5.606866, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.502518, "energy": 94.437368, "activity_lines": [ 20.813666, 20.39777, 19.896893, 19.780374 ] }, { "date": "2026-06-05", "close": 21.5, "volume": 280, "typical_volume": 8619.95, "trend": 19.722928, "fair_value": 19.118312, "relative_strength": -3.715784, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.644533, "energy": 95.252645, "activity_lines": [ 21.105, 20.673667, 20.070577, 19.900212 ] }, { "date": "2026-06-12", "close": 21.295, "volume": 1540, "typical_volume": 8652.95, "trend": 19.786947, "fair_value": 19.148398, "relative_strength": -7.305238, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.157072, "energy": 89.513551, "activity_lines": [ 21.232666, 20.864259, 20.218589, 20.001636 ] }, { "date": "2026-06-19", "close": 21.475, "volume": 13766, "typical_volume": 7144.8, "trend": 19.867118, "fair_value": 19.181035, "relative_strength": -8.580763, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.923946, "energy": 90.694453, "activity_lines": [ 21.352, 21.04378, 20.376406, 20.110543 ] }, { "date": "2026-06-26", "close": 21.344999, "volume": 1120, "typical_volume": 6538.05, "trend": 19.928256, "fair_value": 19.210166, "relative_strength": -6.037787, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.932147, "energy": 83.150014, "activity_lines": [ 21.379666, 21.150182, 20.512132, 20.20589 ] }, { "date": "2026-07-03", "close": 21.725, "volume": 280, "typical_volume": 6548.05, "trend": 19.990987, "fair_value": 19.242702, "relative_strength": -6.860099, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.223696, "energy": 75.313888, "activity_lines": [ 21.501333, 21.298636, 20.673779, 20.321809 ] }, { "date": "2026-07-10", "close": 21.955, "volume": 3462, "typical_volume": 6689.4, "trend": 20.067911, "fair_value": 19.276528, "relative_strength": -5.220693, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.919747, "energy": 71.808209, "activity_lines": [ 21.663666, 21.463727, 20.843764, 20.448519 ] }, { "date": "2026-07-17", "close": 21.629999, "volume": 1260, "typical_volume": 6717.4, "trend": 20.134001, "fair_value": 19.307352, "relative_strength": -5.020826, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.079579, "energy": 65.690322, "activity_lines": [ 21.687333, 21.535454, 20.969643, 20.549299 ] }, { "date": "2026-07-24", "close": 21.615, "volume": 12047, "typical_volume": 7199.75, "trend": 20.197351, "fair_value": 19.335666, "relative_strength": -4.668756, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.697116, "energy": 65.157317, "activity_lines": [ 21.683666, 21.579727, 21.083163, 20.644847 ] }, { "date": "2026-07-31", "close": 21.280001, "volume": 4621, "typical_volume": 7054.25, "trend": 20.249533, "fair_value": 19.363622, "relative_strength": -6.435924, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.229398, "energy": 60.051608, "activity_lines": [ 21.559, 21.547364, 21.155673, 20.714696 ] }, { "date": "2026-08-07", "close": 22.0, "volume": 1540, "typical_volume": 7085.0, "trend": 20.311544, "fair_value": 19.396683, "relative_strength": -5.801048, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.14409, "energy": 61.98783, "activity_lines": [ 21.678667, 21.638182, 21.286559, 20.827629 ] } ], "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." } } }