{ "ticker": { "uuid": "9f57c193-a785-40a2-8d57-7f5d00fcc6b5", "symbol": "MCHT", "name": "Invesco MSCI China Technology All Shares Stock Connect UCITS ETF", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 55.112, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "mixed", "architecture_direction": -14.605, "architecture_energy": 21.14, "architecture_maturity": 6.783, "architecture_confidence": 39.732, "architecture_tenure": "New", "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": 50.06, "rotation_up": 23.91, "upward_expansion": 12.05, "deceleration": 49.62, "rotation_down": 47.68, "downward_expansion": 46.72 }, "activity_lines": [ 27.061667, 27.125546, 27.405524, 27.346495 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 27.665001, "trend_reference": 27.397, "distance_from_trend": 0.009782, "trend_direction": "Weakening", "fair_value": 23.578705, "distance_from_fair_value": 0.173305, "fair_value_direction": "Weakening", "relative_strength": -15.242896, "relative_strength_direction": "Weakening", "price_momentum": 0.012628, "excess_performance": -0.158264, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.009782, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.012466, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.173305, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.055347, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.152429, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.070344, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.012628, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.641635, "read": "Supply-led" } ], "volume": { "latest": 11151, "relative_activity": 0.702888, "balance": 0.641635, "dry_up": 0.933607, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.032907, "annualized_volatility": 0.191338, "from_high_reference": -0.131261, "from_low_reference": 0.100219 }, "levels": { "trend_reference": 27.397, "fair_value_reference": 23.578705, "structural_low": 25.434999, "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": 15, "median_return": 0.01649, "positive_rate": 0.533333, "directional_follow_through": 0.466667, "median_excess_return": -0.031625, "regime_survival": 0.666667, "best_return": 0.306172, "worst_return": -0.079377, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.057103, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.060415, "regime_survival": 0.166667, "best_return": 0.30424, "worst_return": -0.149413, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.103331, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": -0.052988, "regime_survival": 0.25, "best_return": 0.532516, "worst_return": -0.084213, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.254353, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.025258, "regime_survival": 0.0, "best_return": 0.588826, "worst_return": -0.080121, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-24", "end": "2025-01-31", "tenure": "New", "return": 0.05443, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-03-28", "tenure": "Developing", "return": 0.01876, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-04", "end": "2025-05-16", "tenure": "Developing", "return": 0.090251, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-07-04", "tenure": "Developing", "return": -0.05118, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-11", "end": "2025-07-18", "tenure": "New", "return": 0.05567, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-08-15", "tenure": "New", "return": 0.005843, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-22", "end": "2025-09-19", "tenure": "Developing", "return": 0.111275, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-26", "end": "2025-11-07", "tenure": "Developing", "return": -0.027324, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-14", "end": "2026-02-13", "tenure": "Established", "return": -0.060459, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-20", "end": "2026-02-27", "tenure": "New", "return": -0.022499, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-06", "end": "2026-05-08", "tenure": "Developing", "return": 0.095412, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-15", "end": "2026-06-12", "tenure": "Developing", "return": -0.03152, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-19", "end": "2026-07-17", "tenure": "Developing", "return": -0.067896, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.035367, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 21.02, "volume": 644, "typical_volume": 10521.45, "trend": 22.887333, "fair_value": 27.17809, "relative_strength": -18.280824, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.335363, "energy": 22.873233, "activity_lines": [ 22.473001, 22.348728, 22.09781, 22.302914 ] }, { "date": "2023-08-25", "close": 21.24, "volume": 2175, "typical_volume": 10563.7, "trend": 22.684, "fair_value": 27.125071, "relative_strength": -17.799273, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.731071, "energy": 20.918038, "activity_lines": [ 22.024667, 22.166637, 22.018048, 22.196635 ] }, { "date": "2023-09-01", "close": 22.264999, "volume": 3955, "typical_volume": 10516.6, "trend": 22.550667, "fair_value": 27.082062, "relative_strength": -14.332379, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.13655, "energy": 21.535817, "activity_lines": [ 21.940333, 22.201273, 22.046881, 22.169602 ] }, { "date": "2023-09-08", "close": 20.955, "volume": 80299, "typical_volume": 14405.8, "trend": 22.397, "fair_value": 27.028316, "relative_strength": -17.375647, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.652193, "energy": 38.297155, "activity_lines": [ 21.516666, 21.978818, 21.952952, 22.066656 ] }, { "date": "2023-09-15", "close": 21.040001, "volume": 2656, "typical_volume": 14515.7, "trend": 22.275833, "fair_value": 26.976243, "relative_strength": -18.092616, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.921938, "energy": 53.196402, "activity_lines": [ 21.287667, 21.782637, 21.875953, 21.979108 ] }, { "date": "2023-09-22", "close": 20.875, "volume": 6449, "typical_volume": 14011.85, "trend": 22.189167, "fair_value": 26.923646, "relative_strength": -17.002783, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.849808, "energy": 60.327931, "activity_lines": [ 21.144667, 21.566182, 21.785143, 21.888731 ] }, { "date": "2023-09-29", "close": 20.754999, "volume": 2322, "typical_volume": 13907.3, "trend": 22.062667, "fair_value": 26.870923, "relative_strength": -15.714932, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.794688, "energy": 63.855801, "activity_lines": [ 20.971333, 21.352545, 21.685857, 21.796204 ] }, { "date": "2023-10-06", "close": 20.485001, "volume": 6718, "typical_volume": 13969.85, "trend": 21.988167, "fair_value": 26.816805, "relative_strength": -14.733324, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.693195, "energy": 63.4197, "activity_lines": [ 20.740334, 21.104727, 21.5645, 21.694419 ] }, { "date": "2023-10-13", "close": 20.795, "volume": 3161, "typical_volume": 13910.2, "trend": 21.9245, "fair_value": 26.766202, "relative_strength": -14.049472, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.186641, "energy": 54.602903, "activity_lines": [ 20.731333, 20.972182, 21.47881, 21.617441 ] }, { "date": "2023-10-20", "close": 19.218, "volume": 11091, "typical_volume": 14180.3, "trend": 21.779933, "fair_value": 26.7033, "relative_strength": -17.39883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.782324, "energy": 72.608837, "activity_lines": [ 20.207333, 20.601182, 21.24631, 21.442828 ] }, { "date": "2023-10-27", "close": 19.535999, "volume": 2821, "typical_volume": 13650.65, "trend": 21.6238, "fair_value": 26.644066, "relative_strength": -15.515731, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.41094, "energy": 77.161967, "activity_lines": [ 19.9108, 20.359582, 21.050462, 21.298058 ] }, { "date": "2023-11-03", "close": 19.554001, "volume": 1489, "typical_volume": 11477.45, "trend": 21.490767, "fair_value": 26.585951, "relative_strength": -19.083995, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.425417, "energy": 76.682447, "activity_lines": [ 19.709533, 20.148236, 20.867133, 21.164523 ] }, { "date": "2023-11-10", "close": 20.25, "volume": 2631, "typical_volume": 11382.9, "trend": 21.4096, "fair_value": 26.534439, "relative_strength": -15.298853, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.137937, "energy": 69.961648, "activity_lines": [ 19.820333, 20.094091, 20.766072, 21.084473 ] }, { "date": "2023-11-17", "close": 19.792, "volume": 12578, "typical_volume": 11846.1, "trend": 21.309, "fair_value": 26.480064, "relative_strength": -19.542247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.788761, "energy": 59.78008, "activity_lines": [ 19.794133, 19.993309, 20.626033, 20.980112 ] }, { "date": "2023-11-24", "close": 19.694, "volume": 3268, "typical_volume": 11805.45, "trend": 21.2508, "fair_value": 26.425776, "relative_strength": -19.399455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.57541, "energy": 47.806478, "activity_lines": [ 19.802133, 19.895855, 20.485033, 20.875918 ] }, { "date": "2023-12-01", "close": 18.676001, "volume": 4009, "typical_volume": 9618.4, "trend": 21.156833, "fair_value": 26.36427, "relative_strength": -24.193133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.309524, "energy": 58.17697, "activity_lines": [ 19.439067, 19.637782, 20.256038, 20.709802 ] }, { "date": "2023-12-08", "close": 18.466, "volume": 5003, "typical_volume": 9719.5, "trend": 21.055033, "fair_value": 26.302079, "relative_strength": -25.481476, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.459949, "energy": 85.084372, "activity_lines": [ 19.063334, 19.381509, 20.023967, 20.5362 ] }, { "date": "2023-12-15", "close": 18.506001, "volume": 7420, "typical_volume": 9879.0, "trend": 20.946067, "fair_value": 26.241172, "relative_strength": -24.530452, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.401051, "energy": 86.298589, "activity_lines": [ 18.773467, 19.174128, 19.81051, 20.371746 ] }, { "date": "2023-12-22", "close": 17.756001, "volume": 3303, "typical_volume": 8188.4, "trend": 20.8211, "fair_value": 26.175395, "relative_strength": -26.856922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.344803, "energy": 93.416004, "activity_lines": [ 18.349867, 18.866364, 19.550476, 20.165936 ] }, { "date": "2023-12-29", "close": 18.445999, "volume": 5159, "typical_volume": 8357.55, "trend": 20.7508, "fair_value": 26.115938, "relative_strength": -23.304005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.998591, "energy": 84.063897, "activity_lines": [ 18.292, 18.739309, 19.383272, 20.012703 ] }, { "date": "2024-01-05", "close": 17.774, "volume": 4103, "typical_volume": 8530.5, "trend": 20.616434, "fair_value": 26.052259, "relative_strength": -25.499316, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.766547, "energy": 79.221236, "activity_lines": [ 18.093333, 18.504109, 19.174491, 19.820652 ] }, { "date": "2024-01-12", "close": 17.482, "volume": 16651, "typical_volume": 9254.3, "trend": 20.4355, "fair_value": 25.987333, "relative_strength": -25.995124, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.358947, "energy": 75.078146, "activity_lines": [ 17.857467, 18.247855, 18.953357, 19.61843 ] }, { "date": "2024-01-19", "close": 16.538, "volume": 28959, "typical_volume": 10504.5, "trend": 20.279267, "fair_value": 25.916286, "relative_strength": -28.706925, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.523855, "energy": 84.814986, "activity_lines": [ 17.372533, 17.857636, 18.660214, 19.366979 ] }, { "date": "2024-01-26", "close": 17.044001, "volume": 18201, "typical_volume": 7399.6, "trend": 20.129067, "fair_value": 25.850075, "relative_strength": -25.87487, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.943794, "energy": 78.428365, "activity_lines": [ 17.187467, 17.626909, 18.442534, 19.158252 ] }, { "date": "2024-02-02", "close": 16.274, "volume": 17171, "typical_volume": 8125.35, "trend": 19.952367, "fair_value": 25.779141, "relative_strength": -29.204712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.04967, "energy": 84.364094, "activity_lines": [ 16.7932, 17.306146, 18.170143, 18.909538 ] }, { "date": "2024-02-09", "close": 16.764, "volume": 19186, "typical_volume": 8762.2, "trend": 19.770167, "fair_value": 25.712853, "relative_strength": -27.352551, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.248518, "energy": 69.37266, "activity_lines": [ 16.707067, 17.136655, 17.967114, 18.703837 ] }, { "date": "2024-02-16", "close": 17.559999, "volume": 9319, "typical_volume": 9112.05, "trend": 19.636333, "fair_value": 25.653343, "relative_strength": -24.627258, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.757632, "energy": 58.507229, "activity_lines": [ 16.9536, 17.146654, 17.859472, 18.561245 ] }, { "date": "2024-02-23", "close": 17.771999, "volume": 21126, "typical_volume": 9832.45, "trend": 19.4379, "fair_value": 25.596232, "relative_strength": -25.339357, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.71193, "energy": 43.770397, "activity_lines": [ 17.265599, 17.211672, 17.787233, 18.440966 ] }, { "date": "2024-03-01", "close": 18.082001, "volume": 36514, "typical_volume": 11500.1, "trend": 19.258967, "fair_value": 25.542173, "relative_strength": -23.904475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.306792, "energy": 25.959101, "activity_lines": [ 17.598667, 17.3464, 17.757438, 18.353488 ] }, { "date": "2024-03-08", "close": 17.68, "volume": 9404, "typical_volume": 11415.75, "trend": 19.076467, "fair_value": 25.486014, "relative_strength": -26.044854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.768633, "energy": 25.880722, "activity_lines": [ 17.728533, 17.402109, 17.702276, 18.251619 ] }, { "date": "2024-03-15", "close": 18.497999, "volume": 26368, "typical_volume": 12593.1, "trend": 18.9924, "fair_value": 25.436454, "relative_strength": -23.131423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.780962, "energy": 20.552499, "activity_lines": [ 18.037333, 17.620473, 17.732343, 18.214299 ] }, { "date": "2024-03-22", "close": 18.408001, "volume": 6431, "typical_volume": 12840.2, "trend": 18.898, "fair_value": 25.386958, "relative_strength": -23.631079, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.95088, "energy": 16.050111, "activity_lines": [ 18.200533, 17.809309, 17.758781, 18.176596 ] }, { "date": "2024-03-29", "close": 18.559999, "volume": 2619, "typical_volume": 12839.6, "trend": 18.7745, "fair_value": 25.339217, "relative_strength": -23.143745, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.154218, "energy": 16.926185, "activity_lines": [ 18.357866, 18.008945, 17.805152, 18.154789 ] }, { "date": "2024-04-05", "close": 18.497999, "volume": 10957, "typical_volume": 12758.55, "trend": 18.6926, "fair_value": 25.291708, "relative_strength": -21.03401, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.269044, "energy": 19.330235, "activity_lines": [ 18.441999, 18.160545, 17.853666, 18.13695 ] }, { "date": "2024-04-12", "close": 18.504, "volume": 8818, "typical_volume": 13036.05, "trend": 18.608067, "fair_value": 25.244896, "relative_strength": -19.835462, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.49498, "energy": 20.701717, "activity_lines": [ 18.5004, 18.2868, 17.908914, 18.124783 ] }, { "date": "2024-04-19", "close": 18.134001, "volume": 11365, "typical_volume": 13403.85, "trend": 18.5167, "fair_value": 25.196192, "relative_strength": -21.166725, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.768524, "energy": 15.800405, "activity_lines": [ 18.380533, 18.305236, 17.93459, 18.094198 ] }, { "date": "2024-04-26", "close": 18.846001, "volume": 3023, "typical_volume": 13304.85, "trend": 18.453067, "fair_value": 25.152993, "relative_strength": -18.296349, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.232758, "energy": 24.500406, "activity_lines": [ 18.522267, 18.428218, 18.030657, 18.115443 ] }, { "date": "2024-05-03", "close": 20.629999, "volume": 16276, "typical_volume": 13747.65, "trend": 18.4579, "fair_value": 25.122432, "relative_strength": -8.459665, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 62.03031, "energy": 64.769803, "activity_lines": [ 19.229467, 18.852182, 18.294819, 18.25589 ] }, { "date": "2024-05-10", "close": 20.445, "volume": 32326, "typical_volume": 15198.8, "trend": 18.446233, "fair_value": 25.09104, "relative_strength": -11.471016, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 57.713308, "energy": 76.06763, "activity_lines": [ 19.737, 19.190545, 18.531248, 18.38409 ] }, { "date": "2024-05-17", "close": 21.219999, "volume": 11249, "typical_volume": 15503.3, "trend": 18.512967, "fair_value": 25.065233, "relative_strength": -9.540502, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 89.40186, "energy": 95.135927, "activity_lines": [ 20.373066, 19.626854, 18.828681, 18.563043 ] }, { "date": "2024-05-24", "close": 19.782, "volume": 14031, "typical_volume": 15999.7, "trend": 18.521167, "fair_value": 25.030245, "relative_strength": -12.865192, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.086534, "energy": 85.206549, "activity_lines": [ 20.348733, 19.737345, 18.975952, 18.644916 ] }, { "date": "2024-05-31", "close": 19.336, "volume": 17195, "typical_volume": 16026.9, "trend": 18.5139, "fair_value": 24.992783, "relative_strength": -14.334646, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.963618, "energy": 72.942024, "activity_lines": [ 20.065866, 19.7434, 19.071186, 18.697486 ] }, { "date": "2024-06-07", "close": 19.747999, "volume": 8829, "typical_volume": 15020.4, "trend": 18.497167, "fair_value": 24.958503, "relative_strength": -12.333119, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.607425, "energy": 48.202231, "activity_lines": [ 19.887666, 19.807491, 19.196828, 18.777105 ] }, { "date": "2024-06-14", "close": 19.514, "volume": 3045, "typical_volume": 14262.6, "trend": 18.4879, "fair_value": 24.923149, "relative_strength": -7.465431, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.534409, "energy": 28.90939, "activity_lines": [ 19.690266, 19.807436, 19.2849, 18.842707 ] }, { "date": "2024-06-21", "close": 19.756001, "volume": 1927, "typical_volume": 13500.4, "trend": 18.489967, "fair_value": 24.889813, "relative_strength": -7.614709, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.571175, "energy": 25.682993, "activity_lines": [ 19.6356, 19.832909, 19.384257, 18.92452 ] }, { "date": "2024-06-28", "close": 18.858, "volume": 2390, "typical_volume": 12660.6, "trend": 18.496033, "fair_value": 24.851147, "relative_strength": -10.88243, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.526012, "energy": 20.744706, "activity_lines": [ 19.3792, 19.672345, 19.381509, 18.948264 ] }, { "date": "2024-07-05", "close": 18.698, "volume": 4387, "typical_volume": 12414.0, "trend": 18.503767, "fair_value": 24.734436, "relative_strength": -13.214346, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.846674, "energy": 18.958294, "activity_lines": [ 19.131067, 19.469527, 19.353552, 18.961295 ] }, { "date": "2024-07-12", "close": 19.275999, "volume": 8375, "typical_volume": 11776.45, "trend": 18.529433, "fair_value": 24.620853, "relative_strength": -11.479989, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.196122, "energy": 15.688793, "activity_lines": [ 19.118133, 19.374491, 19.375224, 19.011116 ] }, { "date": "2024-07-19", "close": 18.677999, "volume": 7794, "typical_volume": 10340.45, "trend": 18.560166, "fair_value": 24.510199, "relative_strength": -12.773541, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.955934, "energy": 16.72855, "activity_lines": [ 18.937333, 19.195345, 19.332781, 19.020701 ] }, { "date": "2024-07-26", "close": 18.406, "volume": 5475, "typical_volume": 10144.0, "trend": 18.558833, "fair_value": 24.409019, "relative_strength": -12.316534, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.838375, "energy": 21.621543, "activity_lines": [ 18.7216, 18.998872, 19.261595, 19.010755 ] }, { "date": "2024-08-02", "close": 17.908001, "volume": 4806, "typical_volume": 9065.9, "trend": 18.5633, "fair_value": 24.304647, "relative_strength": -9.177291, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.98512, "energy": 50.861203, "activity_lines": [ 18.429867, 18.763018, 19.139524, 18.968765 ] }, { "date": "2024-08-09", "close": 17.99, "volume": 3112, "typical_volume": 8899.95, "trend": 18.580233, "fair_value": 24.204135, "relative_strength": -7.34939, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.226186, "energy": 59.701058, "activity_lines": [ 18.2288, 18.576145, 19.028071, 18.931778 ] }, { "date": "2024-08-16", "close": 18.252001, "volume": 3644, "typical_volume": 8951.2, "trend": 18.637367, "fair_value": 24.120301, "relative_strength": -8.995337, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.231285, "energy": 57.189271, "activity_lines": [ 18.162267, 18.461382, 18.943562, 18.910602 ] }, { "date": "2024-08-23", "close": 18.024, "volume": 3160, "typical_volume": 8561.35, "trend": 18.670033, "fair_value": 24.0235, "relative_strength": -11.14676, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.330783, "energy": 63.936515, "activity_lines": [ 18.088, 18.332364, 18.838805, 18.87103 ] }, { "date": "2024-08-30", "close": 17.99, "volume": 1257, "typical_volume": 8183.3, "trend": 18.727233, "fair_value": 23.923244, "relative_strength": -12.471212, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.427229, "energy": 59.462711, "activity_lines": [ 18.046, 18.224255, 18.733067, 18.827157 ] }, { "date": "2024-09-06", "close": 17.906, "volume": 3758, "typical_volume": 7802.95, "trend": 18.7653, "fair_value": 23.819083, "relative_strength": -9.453295, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.680909, "energy": 55.213414, "activity_lines": [ 18.003733, 18.132982, 18.621776, 18.774174 ] }, { "date": "2024-09-13", "close": 18.114, "volume": 9789, "typical_volume": 8141.25, "trend": 18.783767, "fair_value": 23.725615, "relative_strength": -8.599477, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.768212, "energy": 54.045846, "activity_lines": [ 18.030933, 18.096836, 18.531381, 18.732155 ] }, { "date": "2024-09-20", "close": 18.48, "volume": 8161, "typical_volume": 7735.5, "trend": 18.807367, "fair_value": 23.638949, "relative_strength": -6.732103, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.447163, "energy": 34.858647, "activity_lines": [ 18.171867, 18.137855, 18.479329, 18.712557 ] }, { "date": "2024-09-27", "close": 22.08, "volume": 103769, "typical_volume": 11307.65, "trend": 18.940633, "fair_value": 23.574526, "relative_strength": 8.693145, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.940081, "energy": 41.677816, "activity_lines": [ 19.4976, 18.847891, 18.780371, 18.923695 ] }, { "date": "2024-10-04", "close": 25.530001, "volume": 25477, "typical_volume": 12019.05, "trend": 19.2023, "fair_value": 23.522314, "relative_strength": 29.81528, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 91.106659, "energy": 95.393501, "activity_lines": [ 21.702934, 20.123346, 19.4022, 19.348815 ] }, { "date": "2024-10-11", "close": 23.66, "volume": 18192, "typical_volume": 12227.1, "trend": 19.374367, "fair_value": 23.449846, "relative_strength": 17.984341, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.367272, "energy": 92.635789, "activity_lines": [ 22.782267, 20.929273, 19.82541, 19.636409 ] }, { "date": "2024-10-18", "close": 22.9, "volume": 19423, "typical_volume": 12338.5, "trend": 19.5241, "fair_value": 23.365071, "relative_strength": 11.478744, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.629783, "energy": 87.655828, "activity_lines": [ 23.224667, 21.492437, 20.157772, 19.863869 ] }, { "date": "2024-10-25", "close": 23.26, "volume": 6853, "typical_volume": 12239.7, "trend": 19.680767, "fair_value": 23.289526, "relative_strength": 14.803003, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.605504, "energy": 87.516747, "activity_lines": [ 23.468, 22.031782, 20.507448, 20.104895 ] }, { "date": "2024-11-01", "close": 22.969999, "volume": 10112, "typical_volume": 12593.05, "trend": 19.829833, "fair_value": 23.214301, "relative_strength": 13.771839, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.529488, "energy": 65.098663, "activity_lines": [ 23.296, 22.427345, 20.812781, 20.317103 ] }, { "date": "2024-11-08", "close": 23.235001, "volume": 12886, "typical_volume": 13141.0, "trend": 19.987533, "fair_value": 23.129141, "relative_strength": 18.098785, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.168263, "energy": 58.68715, "activity_lines": [ 23.153, 22.781164, 21.126895, 20.536791 ] }, { "date": "2024-11-15", "close": 22.99, "volume": 10679, "typical_volume": 13555.45, "trend": 20.1494, "fair_value": 23.047282, "relative_strength": 15.566487, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.546347, "energy": 51.422809, "activity_lines": [ 23.081333, 22.995073, 21.40111, 20.730499 ] }, { "date": "2024-11-22", "close": 22.905001, "volume": 10333, "typical_volume": 13852.75, "trend": 20.2847, "fair_value": 22.975583, "relative_strength": 17.478081, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.350096, "energy": 42.867232, "activity_lines": [ 23.026, 23.101091, 21.647553, 20.90828 ] }, { "date": "2024-11-29", "close": 23.18, "volume": 10863, "typical_volume": 13977.15, "trend": 20.3697, "fair_value": 22.91709, "relative_strength": 18.899497, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.998046, "energy": 41.23323, "activity_lines": [ 23.062, 23.17, 21.900153, 21.095073 ] }, { "date": "2024-12-06", "close": 23.450001, "volume": 443, "typical_volume": 13609.6, "trend": 20.469867, "fair_value": 22.850615, "relative_strength": 15.406804, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.605204, "energy": 41.181105, "activity_lines": [ 23.193334, 23.202546, 22.159876, 21.293802 ] }, { "date": "2024-12-13", "close": 23.625, "volume": 5290, "typical_volume": 13600.35, "trend": 20.550033, "fair_value": 22.79741, "relative_strength": 15.546885, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.925512, "energy": 42.71898, "activity_lines": [ 23.351, 23.242, 22.413543, 21.497359 ] }, { "date": "2024-12-20", "close": 23.775, "volume": 866, "typical_volume": 13403.35, "trend": 20.683133, "fair_value": 22.745423, "relative_strength": 19.679962, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.571296, "energy": 43.471269, "activity_lines": [ 23.532667, 23.343364, 22.656643, 21.705422 ] }, { "date": "2024-12-27", "close": 23.934999, "volume": 807, "typical_volume": 13288.1, "trend": 20.836433, "fair_value": 22.702282, "relative_strength": 18.731604, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.198118, "energy": 49.277881, "activity_lines": [ 23.715333, 23.471727, 22.887043, 21.915219 ] }, { "date": "2025-01-03", "close": 23.375, "volume": 4126, "typical_volume": 13312.2, "trend": 20.957333, "fair_value": 22.656064, "relative_strength": 15.684894, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.383687, "energy": 54.055907, "activity_lines": [ 23.642666, 23.479455, 23.0358, 22.078998 ] }, { "date": "2025-01-10", "close": 22.34, "volume": 3191, "typical_volume": 13313.75, "trend": 21.051533, "fair_value": 22.598244, "relative_strength": 7.312166, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.290108, "energy": 40.573365, "activity_lines": [ 23.212, 23.296909, 23.061591, 22.168202 ] }, { "date": "2025-01-17", "close": 22.940001, "volume": 199, "typical_volume": 13260.85, "trend": 21.157667, "fair_value": 22.543115, "relative_strength": 6.31735, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.738731, "energy": 30.389616, "activity_lines": [ 23.055334, 23.234909, 23.123972, 22.290039 ] }, { "date": "2025-01-24", "close": 23.700001, "volume": 2069, "typical_volume": 13176.4, "trend": 21.319067, "fair_value": 22.508115, "relative_strength": 9.710869, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.68704, "energy": 28.921946, "activity_lines": [ 23.197667, 23.316455, 23.235162, 22.45406 ] }, { "date": "2025-01-31", "close": 24.99, "volume": 6768, "typical_volume": 13025.35, "trend": 21.5288, "fair_value": 22.476481, "relative_strength": 14.250747, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 79.487824, "energy": 49.191723, "activity_lines": [ 23.775, 23.619637, 23.441619, 22.690895 ] }, { "date": "2025-02-07", "close": 26.120001, "volume": 10016, "typical_volume": 13118.1, "trend": 21.756934, "fair_value": 22.453532, "relative_strength": 16.909591, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.201641, "energy": 84.252001, "activity_lines": [ 24.658667, 24.090364, 23.722953, 22.987101 ] }, { "date": "2025-02-14", "close": 27.145, "volume": 31079, "typical_volume": 9483.6, "trend": 22.039167, "fair_value": 22.441256, "relative_strength": 17.940684, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.458936, "energy": 95.782135, "activity_lines": [ 25.701, 24.694, 24.065524, 23.334719 ] }, { "date": "2025-02-21", "close": 29.235001, "volume": 45651, "typical_volume": 10492.3, "trend": 22.400134, "fair_value": 22.447474, "relative_strength": 24.696428, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.848507, "energy": 98.190893, "activity_lines": [ 27.119667, 25.610455, 24.583024, 23.798966 ] }, { "date": "2025-02-28", "close": 27.790001, "volume": 56829, "typical_volume": 12424.15, "trend": 22.729534, "fair_value": 22.45209, "relative_strength": 17.188085, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.78812, "energy": 90.052332, "activity_lines": [ 27.637001, 26.162182, 24.945262, 24.146699 ] }, { "date": "2025-03-07", "close": 27.780001, "volume": 26987, "typical_volume": 12802.35, "trend": 23.055867, "fair_value": 22.474141, "relative_strength": 16.637444, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.077598, "energy": 87.095941, "activity_lines": [ 27.878334, 26.639092, 25.286881, 24.472536 ] }, { "date": "2025-03-14", "close": 27.76, "volume": 31990, "typical_volume": 14059.2, "trend": 23.3728, "fair_value": 22.477122, "relative_strength": 15.742118, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.551068, "energy": 71.727374, "activity_lines": [ 27.927001, 27.042455, 25.603358, 24.776028 ] }, { "date": "2025-03-21", "close": 27.275, "volume": 23612, "typical_volume": 14734.2, "trend": 23.681167, "fair_value": 22.486032, "relative_strength": 12.044939, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.067075, "energy": 59.863935, "activity_lines": [ 27.704667, 27.27791, 25.852215, 25.027783 ] }, { "date": "2025-03-28", "close": 26.610001, "volume": 25308, "typical_volume": 15355.3, "trend": 23.9685, "fair_value": 22.485391, "relative_strength": 9.634591, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.275729, "energy": 44.782651, "activity_lines": [ 27.252001, 27.302728, 26.017239, 25.21674 ] }, { "date": "2025-04-04", "close": 23.49, "volume": 25472, "typical_volume": 16094.95, "trend": 24.154634, "fair_value": 22.468981, "relative_strength": 7.760621, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.547835, "energy": 15.683263, "activity_lines": [ 25.934334, 26.693546, 25.869048, 25.185869 ] }, { "date": "2025-04-11", "close": 22.305, "volume": 27367, "typical_volume": 16946.65, "trend": 24.294334, "fair_value": 22.448821, "relative_strength": 3.850709, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.594834, "energy": 26.412726, "activity_lines": [ 24.508334, 25.872728, 25.605619, 25.066538 ] }, { "date": "2025-04-18", "close": 22.424999, "volume": 6049, "typical_volume": 16705.95, "trend": 24.425834, "fair_value": 22.44241, "relative_strength": -1.52113, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -36.017284, "energy": 43.387058, "activity_lines": [ 23.487333, 25.122546, 25.356476, 24.945936 ] }, { "date": "2025-04-25", "close": 23.66, "volume": 9236, "typical_volume": 17145.6, "trend": 24.4785, "fair_value": 22.430391, "relative_strength": -0.156009, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.079958, "energy": 40.537979, "activity_lines": [ 23.233666, 24.664091, 25.228548, 24.896527 ] }, { "date": "2025-05-02", "close": 24.594999, "volume": 3963, "typical_volume": 17079.25, "trend": 24.447334, "fair_value": 22.435648, "relative_strength": 1.049376, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.472473, "energy": 36.087065, "activity_lines": [ 23.532666, 24.439, 25.188667, 24.904043 ] }, { "date": "2025-05-09", "close": 24.799999, "volume": 23723, "typical_volume": 18222.1, "trend": 24.485334, "fair_value": 22.43693, "relative_strength": -0.925128, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.785765, "energy": 23.687417, "activity_lines": [ 24.034333, 24.335545, 25.16369, 24.926796 ] }, { "date": "2025-05-16", "close": 25.610001, "volume": 45907, "typical_volume": 20477.1, "trend": 24.575667, "fair_value": 22.438468, "relative_strength": -1.016641, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 8.999339, "energy": 9.527057, "activity_lines": [ 24.718666, 24.433727, 25.210976, 24.999355 ] }, { "date": "2025-05-23", "close": 25.205, "volume": 13814, "typical_volume": 20961.5, "trend": 24.6405, "fair_value": 22.439878, "relative_strength": 0.135959, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.991222, "energy": 15.96552, "activity_lines": [ 25.047667, 24.497727, 25.211714, 25.039957 ] }, { "date": "2025-05-30", "close": 24.155001, "volume": 11956, "typical_volume": 21399.75, "trend": 24.68, "fair_value": 22.424462, "relative_strength": -5.620078, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.74772, "energy": 11.815395, "activity_lines": [ 24.841334, 24.417273, 25.103738, 25.008635 ] }, { "date": "2025-06-06", "close": 24.780001, "volume": 22662, "typical_volume": 22522.9, "trend": 24.7315, "fair_value": 22.401032, "relative_strength": -4.52276, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.717119, "energy": 10.690042, "activity_lines": [ 24.810334, 24.507182, 25.046643, 25.015086 ] }, { "date": "2025-06-13", "close": 24.25, "volume": 16004, "typical_volume": 23219.65, "trend": 24.7735, "fair_value": 22.373756, "relative_strength": -3.860128, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.056158, "energy": 8.85676, "activity_lines": [ 24.590334, 24.534, 24.93031, 24.984022 ] }, { "date": "2025-06-20", "close": 23.9, "volume": 13940, "typical_volume": 23578.25, "trend": 24.806667, "fair_value": 22.333564, "relative_strength": -4.791432, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.359477, "energy": 22.092859, "activity_lines": [ 24.290334, 24.483364, 24.778024, 24.927667 ] }, { "date": "2025-06-27", "close": 24.379999, "volume": 21275, "typical_volume": 24141.2, "trend": 24.846667, "fair_value": 22.297282, "relative_strength": -4.256568, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.35616, "energy": 18.711383, "activity_lines": [ 24.264333, 24.491, 24.676643, 24.90014 ] }, { "date": "2025-07-04", "close": 23.915001, "volume": 7425, "typical_volume": 22958.5, "trend": 24.862167, "fair_value": 22.250872, "relative_strength": -5.949098, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -57.906415, "energy": 46.648384, "activity_lines": [ 24.138333, 24.378546, 24.539262, 24.840032 ] }, { "date": "2025-07-11", "close": 24.16, "volume": 10179, "typical_volume": 21184.9, "trend": 24.88, "fair_value": 22.22068, "relative_strength": -6.194284, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.505486, "energy": 50.288707, "activity_lines": [ 24.11, 24.306, 24.440595, 24.794731 ] }, { "date": "2025-07-18", "close": 25.504999, "volume": 39130, "typical_volume": 20299.95, "trend": 24.937667, "fair_value": 22.198532, "relative_strength": -1.801988, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.053146, "energy": 9.97929, "activity_lines": [ 24.571333, 24.485909, 24.49419, 24.835054 ] }, { "date": "2025-07-25", "close": 25.67, "volume": 16801, "typical_volume": 19790.65, "trend": 24.9955, "fair_value": 22.186096, "relative_strength": -2.421717, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.776071, "energy": 18.620359, "activity_lines": [ 25.004, 24.683, 24.574381, 24.882301 ] }, { "date": "2025-08-01", "close": 24.865, "volume": 25188, "typical_volume": 19450.55, "trend": 25.045167, "fair_value": 22.166513, "relative_strength": -3.809934, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.532725, "energy": 18.355422, "activity_lines": [ 25.050333, 24.732636, 24.587952, 24.873882 ] }, { "date": "2025-08-08", "close": 25.084999, "volume": 9730, "typical_volume": 18756.45, "trend": 25.136667, "fair_value": 22.149526, "relative_strength": -6.979114, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.232843, "energy": 22.754561, "activity_lines": [ 25.137666, 24.828454, 24.636262, 24.876452 ] }, { "date": "2025-08-15", "close": 25.82, "volume": 6221, "typical_volume": 17802.1, "trend": 25.232667, "fair_value": 22.138885, "relative_strength": -6.712198, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.449392, "energy": 41.844418, "activity_lines": [ 25.392, 25.041, 24.765, 24.920538 ] }, { "date": "2025-08-22", "close": 27.049999, "volume": 17590, "typical_volume": 17408.0, "trend": 25.344333, "fair_value": 22.129942, "relative_strength": -4.001537, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.617613, "energy": 56.885958, "activity_lines": [ 25.945666, 25.458272, 25.014643, 25.037785 ] }, { "date": "2025-08-29", "close": 27.469999, "volume": 19615, "typical_volume": 17020.4, "trend": 25.427, "fair_value": 22.132026, "relative_strength": -0.313302, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 57.247072, "energy": 73.687299, "activity_lines": [ 26.536333, 25.900999, 25.287333, 25.174925 ] }, { "date": "2025-09-05", "close": 27.459999, "volume": 17429, "typical_volume": 17589.4, "trend": 25.471667, "fair_value": 22.137731, "relative_strength": 0.696583, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.250422, "energy": 77.126824, "activity_lines": [ 27.003666, 26.276999, 25.534476, 25.306086 ] }, { "date": "2025-09-12", "close": 28.780001, "volume": 24320, "typical_volume": 18343.6, "trend": 25.526167, "fair_value": 22.150423, "relative_strength": 2.750278, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 62.418994, "energy": 85.752932, "activity_lines": [ 27.738, 26.837, 25.883357, 25.519527 ] }, { "date": "2025-09-19", "close": 30.059999, "volume": 33819, "typical_volume": 19836.4, "trend": 25.553667, "fair_value": 22.18241, "relative_strength": 7.452266, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 94.323175, "energy": 97.337044, "activity_lines": [ 28.652666, 27.541272, 26.329762, 25.812032 ] }, { "date": "2025-09-26", "close": 30.01, "volume": 39689, "typical_volume": 20634.7, "trend": 25.627667, "fair_value": 22.220583, "relative_strength": 6.223646, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.534962, "energy": 94.285143, "activity_lines": [ 29.268, 28.129181, 26.745381, 26.099537 ] }, { "date": "2025-10-03", "close": 31.325001, "volume": 69695, "typical_volume": 21824.1, "trend": 25.745833, "fair_value": 22.266705, "relative_strength": 9.423325, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.719461, "energy": 96.177914, "activity_lines": [ 30.124334, 28.874273, 27.261428, 26.467107 ] }, { "date": "2025-10-10", "close": 29.190001, "volume": 47017, "typical_volume": 23484.25, "trend": 25.7935, "fair_value": 22.305968, "relative_strength": 4.885711, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.839037, "energy": 77.597475, "activity_lines": [ 30.012001, 29.128364, 27.546928, 26.689312 ] }, { "date": "2025-10-17", "close": 28.67, "volume": 45481, "typical_volume": 25160.5, "trend": 25.84, "fair_value": 22.346865, "relative_strength": 3.624039, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.921717, "energy": 62.238635, "activity_lines": [ 29.611, 29.209273, 27.763928, 26.874892 ] }, { "date": "2025-10-24", "close": 29.530001, "volume": 14356, "typical_volume": 24745.2, "trend": 25.937333, "fair_value": 22.410019, "relative_strength": 4.821405, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.635888, "energy": 56.138921, "activity_lines": [ 29.504001, 29.381364, 28.041333, 27.112957 ] }, { "date": "2025-10-31", "close": 29.795, "volume": 33746, "typical_volume": 25632.3, "trend": 26.1475, "fair_value": 22.462904, "relative_strength": 3.993239, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.635868, "energy": 45.489377, "activity_lines": [ 29.520667, 29.534182, 28.321357, 27.361839 ] }, { "date": "2025-11-07", "close": 29.190001, "volume": 24707, "typical_volume": 26170.65, "trend": 26.377, "fair_value": 22.506013, "relative_strength": 2.512335, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.51903, "energy": 38.578381, "activity_lines": [ 29.350001, 29.527091, 28.517357, 27.558129 ] }, { "date": "2025-11-14", "close": 28.945, "volume": 24627, "typical_volume": 26338.25, "trend": 26.594333, "fair_value": 22.545821, "relative_strength": -0.794937, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.280881, "energy": 36.271064, "activity_lines": [ 29.24, 29.444182, 28.664833, 27.723807 ] }, { "date": "2025-11-21", "close": 27.209999, "volume": 23611, "typical_volume": 27147.55, "trend": 26.712667, "fair_value": 22.583385, "relative_strength": -3.698961, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.882346, "energy": 17.454044, "activity_lines": [ 28.568, 29.018818, 28.625333, 27.763527 ] }, { "date": "2025-11-28", "close": 28.24, "volume": 22442, "typical_volume": 27760.7, "trend": 26.834167, "fair_value": 22.608449, "relative_strength": -1.534594, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.500036, "energy": 21.947369, "activity_lines": [ 28.336667, 28.809273, 28.668238, 27.862065 ] }, { "date": "2025-12-05", "close": 28.485001, "volume": 17713, "typical_volume": 26689.85, "trend": 26.957, "fair_value": 22.630596, "relative_strength": -0.799387, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.360498, "energy": 17.531825, "activity_lines": [ 28.273, 28.677364, 28.715048, 27.96857 ] }, { "date": "2025-12-12", "close": 28.09, "volume": 8823, "typical_volume": 26290.95, "trend": 27.039667, "fair_value": 22.657103, "relative_strength": -2.267241, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.714823, "energy": 17.673032, "activity_lines": [ 28.165, 28.501364, 28.710048, 28.041667 ] }, { "date": "2025-12-19", "close": 27.754999, "volume": 13537, "typical_volume": 25708.4, "trend": 27.124667, "fair_value": 22.685564, "relative_strength": -5.886619, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.1432, "energy": 11.315846, "activity_lines": [ 28.018666, 28.323273, 28.661619, 28.087817 ] }, { "date": "2025-12-26", "close": 27.620001, "volume": 3030, "typical_volume": 25373.4, "trend": 27.240167, "fair_value": 22.71191, "relative_strength": -5.80337, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.821793, "energy": 10.965567, "activity_lines": [ 27.906667, 28.146727, 28.586572, 28.119774 ] }, { "date": "2026-01-02", "close": 28.565001, "volume": 8357, "typical_volume": 25480.2, "trend": 27.366333, "fair_value": 22.728032, "relative_strength": -4.07186, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.240096, "energy": 11.040946, "activity_lines": [ 28.082334, 28.161091, 28.589453, 28.205247 ] }, { "date": "2026-01-09", "close": 29.045, "volume": 31007, "typical_volume": 26151.05, "trend": 27.526167, "fair_value": 22.746558, "relative_strength": -3.192111, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.625339, "energy": 16.167891, "activity_lines": [ 28.396334, 28.280273, 28.624976, 28.313549 ] }, { "date": "2026-01-16", "close": 29.059999, "volume": 23019, "typical_volume": 26321.25, "trend": 27.698167, "fair_value": 22.763, "relative_strength": -3.31904, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.888797, "energy": 25.178111, "activity_lines": [ 28.678, 28.415818, 28.652429, 28.412505 ] }, { "date": "2026-01-23", "close": 28.92, "volume": 19984, "typical_volume": 26449.0, "trend": 27.8495, "fair_value": 22.773128, "relative_strength": -1.67969, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.498665, "energy": 29.664563, "activity_lines": [ 28.848333, 28.528273, 28.658976, 28.491333 ] }, { "date": "2026-01-30", "close": 28.07, "volume": 27645, "typical_volume": 26615.25, "trend": 27.988, "fair_value": 22.784699, "relative_strength": -5.836866, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.8572, "energy": 19.037612, "activity_lines": [ 28.657667, 28.486636, 28.577619, 28.505559 ] }, { "date": "2026-02-06", "close": 27.32, "volume": 21939, "typical_volume": 26021.25, "trend": 28.093333, "fair_value": 22.795949, "relative_strength": -8.758894, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.753838, "energy": 9.444618, "activity_lines": [ 28.187, 28.293, 28.428214, 28.462462 ] }, { "date": "2026-02-13", "close": 27.195, "volume": 25295, "typical_volume": 25301.55, "trend": 28.149667, "fair_value": 22.812103, "relative_strength": -7.969762, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.142262, "energy": 47.344307, "activity_lines": [ 27.757667, 28.093364, 28.279952, 28.404505 ] }, { "date": "2026-02-20", "close": 27.334999, "volume": 7833, "typical_volume": 22208.45, "trend": 28.205167, "fair_value": 22.836846, "relative_strength": -9.10592, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.836158, "energy": 59.597757, "activity_lines": [ 27.498333, 27.942636, 28.158429, 28.351946 ] }, { "date": "2026-02-27", "close": 26.719999, "volume": 9460, "typical_volume": 20330.6, "trend": 28.267, "fair_value": 22.850756, "relative_strength": -12.138607, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.8333, "energy": 80.243341, "activity_lines": [ 27.148999, 27.693818, 27.997333, 28.256129 ] }, { "date": "2026-03-06", "close": 25.940001, "volume": 11686, "typical_volume": 18640.85, "trend": 28.2955, "fair_value": 22.871397, "relative_strength": -8.434054, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.156359, "energy": 87.314598, "activity_lines": [ 26.686333, 27.322, 27.773714, 28.106 ] }, { "date": "2026-03-13", "close": 27.475, "volume": 17588, "typical_volume": 18802.45, "trend": 28.350667, "fair_value": 22.901974, "relative_strength": -3.09156, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.941014, "energy": 68.918568, "activity_lines": [ 26.877333, 27.259818, 27.709286, 28.053065 ] }, { "date": "2026-03-20", "close": 26.1, "volume": 28926, "typical_volume": 18561.45, "trend": 28.319, "fair_value": 22.918289, "relative_strength": -4.512845, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.737365, "energy": 68.581229, "activity_lines": [ 26.599667, 26.967454, 27.52369, 27.90786 ] }, { "date": "2026-03-27", "close": 26.0, "volume": 51929, "typical_volume": 19922.55, "trend": 28.27, "fair_value": 22.929699, "relative_strength": -5.809904, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.158493, "energy": 55.738744, "activity_lines": [ 26.361667, 26.710454, 27.346167, 27.758247 ] }, { "date": "2026-04-03", "close": 25.82, "volume": 11570, "typical_volume": 19269.7, "trend": 28.215333, "fair_value": 22.944282, "relative_strength": -10.764519, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.649127, "energy": 55.363213, "activity_lines": [ 26.152667, 26.476364, 27.16669, 27.600183 ] }, { "date": "2026-04-10", "close": 26.674999, "volume": 20276, "typical_volume": 19102.95, "trend": 28.145167, "fair_value": 22.969859, "relative_strength": -11.395648, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.042868, "energy": 48.88656, "activity_lines": [ 26.288666, 26.454091, 27.083524, 27.500806 ] }, { "date": "2026-04-17", "close": 28.055, "volume": 9018, "typical_volume": 18431.75, "trend": 28.078333, "fair_value": 23.003481, "relative_strength": -9.078516, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.451302, "energy": 22.486616, "activity_lines": [ 26.835666, 26.708091, 27.134333, 27.494989 ] }, { "date": "2026-04-24", "close": 27.655001, "volume": 13180, "typical_volume": 18205.1, "trend": 27.999833, "fair_value": 23.043321, "relative_strength": -7.944445, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.556033, "energy": 18.386778, "activity_lines": [ 27.210667, 26.876, 27.147929, 27.467677 ] }, { "date": "2026-05-01", "close": 27.65, "volume": 10235, "typical_volume": 18275.7, "trend": 27.877333, "fair_value": 23.082776, "relative_strength": -8.895997, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.492455, "energy": 22.030417, "activity_lines": [ 27.480333, 27.034636, 27.165, 27.445108 ] }, { "date": "2026-05-08", "close": 28.415001, "volume": 26610, "typical_volume": 18929.35, "trend": 27.8515, "fair_value": 23.126974, "relative_strength": -8.208491, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 28.771717, "energy": 32.810566, "activity_lines": [ 27.895, 27.326637, 27.257024, 27.479796 ] }, { "date": "2026-05-15", "close": 28.395, "volume": 26581, "typical_volume": 20106.9, "trend": 27.842333, "fair_value": 23.16941, "relative_strength": -7.801914, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.869893, "energy": 31.392189, "activity_lines": [ 28.13, 27.584182, 27.344, 27.51486 ] }, { "date": "2026-05-22", "close": 27.969999, "volume": 44183, "typical_volume": 21898.2, "trend": 27.790333, "fair_value": 23.210853, "relative_strength": -9.702666, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.1714, "energy": 30.581685, "activity_lines": [ 28.108667, 27.719818, 27.386809, 27.523097 ] }, { "date": "2026-05-29", "close": 28.370001, "volume": 22765, "typical_volume": 21486.1, "trend": 27.742833, "fair_value": 23.260949, "relative_strength": -9.27488, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.926432, "energy": 39.310191, "activity_lines": [ 28.226334, 27.919182, 27.470548, 27.560495 ] }, { "date": "2026-06-05", "close": 27.950001, "volume": 2178, "typical_volume": 20444.05, "trend": 27.7015, "fair_value": 23.30034, "relative_strength": -10.221583, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.369083, "energy": 21.649536, "activity_lines": [ 28.156334, 28.000909, 27.5175, 27.57386 ] }, { "date": "2026-06-12", "close": 27.5, "volume": 2997, "typical_volume": 19594.7, "trend": 27.653333, "fair_value": 23.329763, "relative_strength": -14.204567, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 1.792402, "energy": 8.283825, "activity_lines": [ 27.916334, 27.965364, 27.526881, 27.56086 ] }, { "date": "2026-06-19", "close": 28.205, "volume": 4459, "typical_volume": 18435.4, "trend": 27.6865, "fair_value": 23.374506, "relative_strength": -14.055659, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.581745, "energy": 14.999137, "activity_lines": [ 27.972334, 28.027455, 27.610167, 27.596452 ] }, { "date": "2026-06-26", "close": 27.16, "volume": 1030, "typical_volume": 17389.95, "trend": 27.6505, "fair_value": 23.410468, "relative_strength": -14.461147, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.496101, "energy": 10.056209, "activity_lines": [ 27.692667, 27.871727, 27.593286, 27.562484 ] }, { "date": "2026-07-03", "close": 26.985001, "volume": 725, "typical_volume": 16161.45, "trend": 27.6005, "fair_value": 23.445148, "relative_strength": -17.274677, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.945543, "energy": 18.07442, "activity_lines": [ 27.408667, 27.700455, 27.5605, 27.519549 ] }, { "date": "2026-07-10", "close": 27.440001, "volume": 10310, "typical_volume": 16285.3, "trend": 27.578833, "fair_value": 23.478545, "relative_strength": -15.337766, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.477089, "energy": 13.35387, "activity_lines": [ 27.368667, 27.624091, 27.572048, 27.509194 ] }, { "date": "2026-07-17", "close": 26.290001, "volume": 28586, "typical_volume": 17241.6, "trend": 27.53, "fair_value": 23.508769, "relative_strength": -17.416752, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.974874, "energy": 45.698902, "activity_lines": [ 26.979334, 27.342455, 27.473572, 27.426043 ] }, { "date": "2026-07-24", "close": 26.719999, "volume": 9086, "typical_volume": 17111.6, "trend": 27.5, "fair_value": 23.527968, "relative_strength": -15.633648, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.107788, "energy": 50.046788, "activity_lines": [ 26.814, 27.177637, 27.418096, 27.373785 ] }, { "date": "2026-07-31", "close": 26.855, "volume": 10422, "typical_volume": 16753.3, "trend": 27.443, "fair_value": 23.549795, "relative_strength": -15.52396, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.115519, "energy": 46.287752, "activity_lines": [ 26.792667, 27.067818, 27.371762, 27.332172 ] }, { "date": "2026-08-07", "close": 27.665001, "volume": 11151, "typical_volume": 15864.55, "trend": 27.397, "fair_value": 23.578705, "relative_strength": -15.242896, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -14.604992, "energy": 21.140465, "activity_lines": [ 27.061667, 27.125546, 27.405524, 27.346495 ] } ], "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." } } }