{ "ticker": { "uuid": "a2eb4d3e-7977-4ea4-a2d1-8899b615aee8", "symbol": "ICLN", "name": "ISHARES GLOBAL CLEAN ENERGY ETF", "exchange": "NASDAQ", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 56.119, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -26.487, "architecture_energy": 53.71, "architecture_maturity": 8.127, "architecture_confidence": 76.458, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 31.81, "rotation_up": 14.58, "upward_expansion": 26.1, "deceleration": 50.06, "rotation_down": 69.65, "downward_expansion": 55.76 }, "activity_lines": [ 18.068667, 18.725856, 19.700325, 19.587195 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 18.3, "trend_reference": 19.295359, "distance_from_trend": -0.051585, "trend_direction": "Improving", "fair_value": 14.622495, "distance_from_fair_value": 0.251496, "fair_value_direction": "Weakening", "relative_strength": -10.011298, "relative_strength_direction": "Weakening", "price_momentum": -0.014036, "excess_performance": -0.20149, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.051585, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.047396, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.251496, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.214446, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.100113, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.195367, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.014036, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.071357, "read": "Demand-led" } ], "volume": { "latest": 49106707, "relative_activity": 1.640735, "balance": 1.071357, "dry_up": 1.082607, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.084199, "annualized_volatility": 0.283696, "from_high_reference": -0.228394, "from_low_reference": 0.369359 }, "levels": { "trend_reference": 19.295359, "fair_value_reference": 14.622495, "structural_low": 16.77, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": -0.002178, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": 0.034933, "regime_survival": 0.333333, "best_return": 0.14214, "worst_return": -0.057795, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.011648, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.039393, "regime_survival": 0.0, "best_return": 0.150262, "worst_return": -0.126966, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.007357, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.072675, "regime_survival": 0.0, "best_return": 0.105592, "worst_return": -0.090878, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.04497, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.251895, "regime_survival": 0.0, "best_return": 0.3423, "worst_return": -0.25236, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-28", "end": "2024-09-20", "tenure": "Established", "return": 0.078829, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-27", "end": "2024-10-11", "tenure": "New", "return": -0.071767, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-18", "end": "2024-10-25", "tenure": "New", "return": -0.020833, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-01", "end": "2024-11-08", "tenure": "New", "return": -0.058555, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-15", "end": "2025-04-18", "tenure": "Established", "return": -0.037895, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-25", "end": "2025-05-09", "tenure": "New", "return": 0.027848, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-16", "end": "2025-05-30", "tenure": "New", "return": -0.022376, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-06", "end": "2025-12-12", "tenure": "Extended", "return": 0.295302, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-19", "end": "2026-01-02", "tenure": "New", "return": 0.040146, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-09", "end": "2026-03-20", "tenure": "Developing", "return": 0.042725, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.086835, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-06-26", "tenure": "Developing", "return": -0.021912, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-03", "end": "2026-07-24", "tenure": "New", "return": -0.096085, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.042735, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 15.253153, "volume": 15113199, "typical_volume": 13008712.65, "trend": 17.844605, "fair_value": 19.98504, "relative_strength": -29.326549, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.958575, "energy": 87.232145, "activity_lines": [ 16.160442, 16.717998, 17.166795, 17.450078 ] }, { "date": "2023-08-25", "close": 15.32961, "volume": 10181996, "typical_volume": 13018069.25, "trend": 17.705936, "fair_value": 19.980896, "relative_strength": -29.489716, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.707246, "energy": 89.732622, "activity_lines": [ 15.73738, 16.406783, 16.958413, 17.28782 ] }, { "date": "2023-09-01", "close": 15.358281, "volume": 9978888, "typical_volume": 12955874.85, "trend": 17.576134, "fair_value": 19.983486, "relative_strength": -31.262426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.36959, "energy": 89.052047, "activity_lines": [ 15.495904, 16.148046, 16.766649, 17.136359 ] }, { "date": "2023-09-08", "close": 14.76574, "volume": 10351310, "typical_volume": 12833512.15, "trend": 17.445567, "fair_value": 19.981742, "relative_strength": -32.330005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.588694, "energy": 91.829864, "activity_lines": [ 15.19135, 15.811288, 16.533877, 16.955043 ] }, { "date": "2023-09-15", "close": 14.956882, "volume": 9787810, "typical_volume": 12511538.4, "trend": 17.323271, "fair_value": 19.978067, "relative_strength": -30.381479, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.721341, "energy": 85.166848, "activity_lines": [ 15.055639, 15.560544, 16.338504, 16.794483 ] }, { "date": "2023-09-22", "close": 14.421684, "volume": 9117054, "typical_volume": 12297578.3, "trend": 17.204968, "fair_value": 19.970485, "relative_strength": -29.879249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.135052, "energy": 84.906055, "activity_lines": [ 14.818623, 15.251763, 16.105517, 16.607283 ] }, { "date": "2023-09-29", "close": 13.9725, "volume": 13245461, "typical_volume": 12260987.75, "trend": 17.044796, "fair_value": 19.946449, "relative_strength": -31.462851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.481172, "energy": 86.391636, "activity_lines": [ 14.48731, 14.922651, 15.845294, 16.398737 ] }, { "date": "2023-10-06", "close": 13.20793, "volume": 25248135, "typical_volume": 12872981.05, "trend": 16.878441, "fair_value": 19.903698, "relative_strength": -35.722618, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.891715, "energy": 91.943104, "activity_lines": [ 13.991614, 14.526117, 15.531927, 16.151197 ] }, { "date": "2023-10-13", "close": 13.379958, "volume": 20299141, "typical_volume": 13251460.8, "trend": 16.744717, "fair_value": 19.865086, "relative_strength": -34.371566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.43492, "energy": 89.943439, "activity_lines": [ 13.696617, 14.236623, 15.256268, 15.925489 ] }, { "date": "2023-10-20", "close": 12.710961, "volume": 18349209, "typical_volume": 13553356.45, "trend": 16.574454, "fair_value": 19.826175, "relative_strength": -35.18778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.180268, "energy": 91.13879, "activity_lines": [ 13.271007, 13.879361, 14.936812, 15.665246 ] }, { "date": "2023-10-27", "close": 12.319119, "volume": 16329643, "typical_volume": 13667360.55, "trend": 16.359169, "fair_value": 19.788682, "relative_strength": -34.853702, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.163261, "energy": 91.878263, "activity_lines": [ 12.864512, 13.512716, 14.604361, 15.390709 ] }, { "date": "2023-11-03", "close": 13.064574, "volume": 20130484, "typical_volume": 14031798.7, "trend": 16.186453, "fair_value": 19.744715, "relative_strength": -34.346985, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.971167, "energy": 76.828272, "activity_lines": [ 12.846672, 13.334953, 14.368437, 15.178154 ] }, { "date": "2023-11-10", "close": 12.433804, "volume": 13733605, "typical_volume": 14066489.85, "trend": 15.981003, "fair_value": 19.695215, "relative_strength": -38.517849, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.30265, "energy": 69.726385, "activity_lines": [ 12.679104, 13.083688, 14.095604, 14.936048 ] }, { "date": "2023-11-17", "close": 13.370401, "volume": 21300791, "typical_volume": 14496737.8, "trend": 15.800128, "fair_value": 19.649397, "relative_strength": -34.393982, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.963438, "energy": 63.451331, "activity_lines": [ 12.875343, 13.055885, 13.933679, 14.767622 ] }, { "date": "2023-11-24", "close": 13.265273, "volume": 10728985, "typical_volume": 14535506.25, "trend": 15.65024, "fair_value": 19.593974, "relative_strength": -34.653851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.759784, "energy": 50.796452, "activity_lines": [ 13.037177, 13.034338, 13.781812, 14.604083 ] }, { "date": "2023-12-01", "close": 13.943828, "volume": 16936117, "typical_volume": 14591977.5, "trend": 15.525503, "fair_value": 19.546355, "relative_strength": -30.525276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.723515, "energy": 38.507183, "activity_lines": [ 13.388241, 13.166922, 13.71291, 14.493992 ] }, { "date": "2023-12-08", "close": 13.465973, "volume": 17486820, "typical_volume": 14774577.95, "trend": 15.370914, "fair_value": 19.49198, "relative_strength": -32.396434, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.604267, "energy": 27.225032, "activity_lines": [ 13.471707, 13.22131, 13.616838, 14.361119 ] }, { "date": "2023-12-15", "close": 14.622383, "volume": 28907966, "typical_volume": 15625830.65, "trend": 15.268795, "fair_value": 19.43125, "relative_strength": -28.020626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.301232, "energy": 21.444499, "activity_lines": [ 13.913883, 13.495165, 13.652063, 14.312826 ] }, { "date": "2023-12-22", "close": 14.829652, "volume": 30655112, "typical_volume": 16533380.45, "trend": 15.177698, "fair_value": 19.361118, "relative_strength": -26.701564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 4.623789, "energy": 19.362809, "activity_lines": [ 14.279243, 13.780988, 13.720135, 14.284495 ] }, { "date": "2023-12-29", "close": 15.003098, "volume": 12507872, "typical_volume": 16519479.9, "trend": 15.08384, "fair_value": 19.288854, "relative_strength": -25.083213, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 9.116908, "energy": 25.799823, "activity_lines": [ 14.605135, 14.071988, 13.81193, 14.27323 ] }, { "date": "2024-01-05", "close": 14.261134, "volume": 16316827, "typical_volume": 16579661.3, "trend": 14.969856, "fair_value": 19.182489, "relative_strength": -25.477705, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.236449, "energy": 23.273356, "activity_lines": [ 14.56785, 14.18641, 13.838348, 14.220152 ] }, { "date": "2024-01-12", "close": 14.0106, "volume": 22589941, "typical_volume": 17200058.55, "trend": 14.839238, "fair_value": 19.090026, "relative_strength": -27.98625, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.396955, "energy": 17.740869, "activity_lines": [ 14.425901, 14.219972, 13.84563, 14.158265 ] }, { "date": "2024-01-19", "close": 13.259, "volume": 23247652, "typical_volume": 17863496.75, "trend": 14.714786, "fair_value": 18.978788, "relative_strength": -32.689328, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.460043, "energy": 17.252312, "activity_lines": [ 13.99711, 14.099678, 13.787612, 14.056314 ] }, { "date": "2024-01-26", "close": 13.364995, "volume": 14216134, "typical_volume": 18056737.95, "trend": 14.574116, "fair_value": 18.886719, "relative_strength": -31.596164, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.537634, "energy": 29.717811, "activity_lines": [ 13.694543, 13.983653, 13.749686, 13.969231 ] }, { "date": "2024-02-02", "close": 13.47099, "volume": 19133438, "typical_volume": 18524019.35, "trend": 14.45259, "fair_value": 18.787098, "relative_strength": -30.970437, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.942007, "energy": 33.427946, "activity_lines": [ 13.524951, 13.886998, 13.728524, 13.898061 ] }, { "date": "2024-02-09", "close": 13.866062, "volume": 21258705, "typical_volume": 19131101.9, "trend": 14.321613, "fair_value": 18.69514, "relative_strength": -29.325593, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.925906, "energy": 29.969814, "activity_lines": [ 13.58919, 13.858434, 13.752064, 13.860221 ] }, { "date": "2024-02-16", "close": 13.981693, "volume": 25288897, "typical_volume": 19733273.7, "trend": 14.190669, "fair_value": 18.614837, "relative_strength": -26.728309, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.358807, "energy": 18.896858, "activity_lines": [ 13.718312, 13.852307, 13.789262, 13.838291 ] }, { "date": "2024-02-23", "close": 13.181913, "volume": 15253651, "typical_volume": 19233549.5, "trend": 14.050905, "fair_value": 18.545155, "relative_strength": -30.948309, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.278826, "energy": 27.678325, "activity_lines": [ 13.582767, 13.691389, 13.750247, 13.773209 ] }, { "date": "2024-03-01", "close": 13.615529, "volume": 16767662, "typical_volume": 19056975.55, "trend": 13.96, "fair_value": 18.495429, "relative_strength": -29.074798, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.98002, "energy": 16.485101, "activity_lines": [ 13.596899, 13.635501, 13.752653, 13.745121 ] }, { "date": "2024-03-08", "close": 13.817882, "volume": 14609738, "typical_volume": 18870002.0, "trend": 13.883487, "fair_value": 18.432209, "relative_strength": -25.8805, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.917476, "energy": 10.706568, "activity_lines": [ 13.661781, 13.638479, 13.773208, 13.735952 ] }, { "date": "2024-03-15", "close": 12.93138, "volume": 16565637, "typical_volume": 18881801.7, "trend": 13.806094, "fair_value": 18.375891, "relative_strength": -28.933924, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.335315, "energy": 39.602372, "activity_lines": [ 13.408036, 13.501825, 13.704064, 13.674526 ] }, { "date": "2024-03-22", "close": 13.191549, "volume": 13697144, "typical_volume": 18560134.7, "trend": 13.734826, "fair_value": 18.323508, "relative_strength": -28.700931, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.360813, "energy": 36.840319, "activity_lines": [ 13.303325, 13.436651, 13.656782, 13.634877 ] }, { "date": "2024-03-29", "close": 13.47099, "volume": 16530498, "typical_volume": 18699979.35, "trend": 13.671916, "fair_value": 18.265639, "relative_strength": -25.818944, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.565156, "energy": 31.805757, "activity_lines": [ 13.344439, 13.437177, 13.635509, 13.617856 ] }, { "date": "2024-04-05", "close": 13.172277, "volume": 17480069, "typical_volume": 18508943.25, "trend": 13.6188, "fair_value": 18.21009, "relative_strength": -25.910854, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.910304, "energy": 43.086597, "activity_lines": [ 13.266709, 13.379537, 13.580848, 13.585621 ] }, { "date": "2024-04-12", "close": 13.037374, "volume": 21669084, "typical_volume": 19055948.2, "trend": 13.554817, "fair_value": 18.151588, "relative_strength": -25.268304, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.92744, "energy": 35.8759, "activity_lines": [ 13.173562, 13.300873, 13.514283, 13.54811 ] }, { "date": "2024-04-19", "close": 12.545944, "volume": 23395976, "typical_volume": 19378941.15, "trend": 13.492292, "fair_value": 18.085911, "relative_strength": -22.889448, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.238137, "energy": 51.671096, "activity_lines": [ 12.968638, 13.140741, 13.402, 13.483021 ] }, { "date": "2024-04-26", "close": 12.748297, "volume": 17120614, "typical_volume": 19360630.85, "trend": 13.451485, "fair_value": 18.029016, "relative_strength": -23.650671, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.496204, "energy": 58.129388, "activity_lines": [ 12.856862, 13.041404, 13.315645, 13.435021 ] }, { "date": "2024-05-03", "close": 13.345723, "volume": 13692605, "typical_volume": 18599862.8, "trend": 13.456079, "fair_value": 17.983108, "relative_strength": -19.921338, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.284887, "energy": 43.934001, "activity_lines": [ 12.973777, 13.073115, 13.289606, 13.428198 ] }, { "date": "2024-05-10", "close": 13.336087, "volume": 10072892, "typical_volume": 17570751.8, "trend": 13.454616, "fair_value": 17.939762, "relative_strength": -20.130704, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.239834, "energy": 29.711201, "activity_lines": [ 13.095832, 13.100095, 13.268728, 13.420457 ] }, { "date": "2024-05-17", "close": 13.644436, "volume": 13233464, "typical_volume": 17607031.4, "trend": 13.485732, "fair_value": 17.892548, "relative_strength": -19.103459, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.610535, "energy": 14.254837, "activity_lines": [ 13.309749, 13.18822, 13.284329, 13.432703 ] }, { "date": "2024-05-24", "close": 14.376765, "volume": 18216407, "typical_volume": 17702010.4, "trend": 13.55432, "fair_value": 17.848001, "relative_strength": -15.067122, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 30.808044, "energy": 29.774462, "activity_lines": [ 13.727305, 13.412649, 13.376145, 13.490189 ] }, { "date": "2024-05-31", "close": 14.424944, "volume": 10926032, "typical_volume": 17118814.95, "trend": 13.599666, "fair_value": 17.80746, "relative_strength": -12.568735, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.241449, "energy": 47.385575, "activity_lines": [ 14.038866, 13.619558, 13.471999, 13.546358 ] }, { "date": "2024-06-07", "close": 14.000965, "volume": 13928395, "typical_volume": 16652852.1, "trend": 13.651905, "fair_value": 17.762083, "relative_strength": -16.508259, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.939718, "energy": 48.79245, "activity_lines": [ 14.097324, 13.726955, 13.525502, 13.572249 ] }, { "date": "2024-06-14", "close": 13.907823, "volume": 12040300, "typical_volume": 16544060.4, "trend": 13.669819, "fair_value": 17.716828, "relative_strength": -19.011422, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.932505, "energy": 48.778765, "activity_lines": [ 14.081052, 13.80778, 13.5666, 13.588759 ] }, { "date": "2024-06-21", "close": 13.490783, "volume": 11121395, "typical_volume": 16143458.25, "trend": 13.677336, "fair_value": 17.665061, "relative_strength": -20.793349, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 11.8215, "energy": 18.809735, "activity_lines": [ 13.88765, 13.799407, 13.565395, 13.577209 ] }, { "date": "2024-06-28", "close": 12.918564, "volume": 13585065, "typical_volume": 15759776.25, "trend": 13.64316, "fair_value": 17.606987, "relative_strength": -23.234278, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.018921, "energy": 18.080214, "activity_lines": [ 13.513753, 13.67875, 13.5096, 13.528256 ] }, { "date": "2024-07-05", "close": 13.199824, "volume": 13528414, "typical_volume": 15171752.1, "trend": 13.634289, "fair_value": 17.552336, "relative_strength": -23.400507, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.271934, "energy": 30.100275, "activity_lines": [ 13.330822, 13.602457, 13.485102, 13.499653 ] }, { "date": "2024-07-12", "close": 13.975714, "volume": 17535403, "typical_volume": 15285839.7, "trend": 13.612733, "fair_value": 17.509375, "relative_strength": -17.812575, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.721123, "energy": 14.190523, "activity_lines": [ 13.488196, 13.659024, 13.538222, 13.521681 ] }, { "date": "2024-07-19", "close": 13.258016, "volume": 20239328, "typical_volume": 15459423.0, "trend": 13.560345, "fair_value": 17.459055, "relative_strength": -17.8969, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.798811, "energy": 17.004422, "activity_lines": [ 13.408021, 13.573647, 13.51921, 13.498796 ] }, { "date": "2024-07-26", "close": 13.684755, "volume": 15786820, "typical_volume": 15518277.1, "trend": 13.5164, "fair_value": 17.410571, "relative_strength": -12.210154, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.69466, "energy": 2.645879, "activity_lines": [ 13.513413, 13.567278, 13.542543, 13.506822 ] }, { "date": "2024-08-02", "close": 13.519879, "volume": 16737852, "typical_volume": 15526887.85, "trend": 13.491692, "fair_value": 17.359771, "relative_strength": -9.792898, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.342251, "energy": 12.974739, "activity_lines": [ 13.550914, 13.530199, 13.550806, 13.507047 ] }, { "date": "2024-08-09", "close": 13.432591, "volume": 13155341, "typical_volume": 15499797.7, "trend": 13.472425, "fair_value": 17.31033, "relative_strength": -9.955013, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.971178, "energy": 10.182675, "activity_lines": [ 13.519232, 13.492829, 13.547954, 13.503234 ] }, { "date": "2024-08-16", "close": 13.742947, "volume": 9730672, "typical_volume": 15159806.4, "trend": 13.488556, "fair_value": 17.262399, "relative_strength": -11.935727, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.106303, "energy": 15.849287, "activity_lines": [ 13.575484, 13.52993, 13.573512, 13.520687 ] }, { "date": "2024-08-23", "close": 14.014508, "volume": 10730231, "typical_volume": 14822314.5, "trend": 13.510207, "fair_value": 17.21357, "relative_strength": -10.433043, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.458318, "energy": 32.159601, "activity_lines": [ 13.737774, 13.621097, 13.623638, 13.554619 ] }, { "date": "2024-08-30", "close": 13.85933, "volume": 8210416, "typical_volume": 14149381.1, "trend": 13.523151, "fair_value": 17.160867, "relative_strength": -10.102353, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.771771, "energy": 39.543009, "activity_lines": [ 13.797906, 13.68211, 13.654975, 13.577143 ] }, { "date": "2024-09-06", "close": 13.471385, "volume": 9064540, "typical_volume": 13432809.3, "trend": 13.509996, "fair_value": 17.111854, "relative_strength": -6.699919, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.94381, "energy": 29.853236, "activity_lines": [ 13.717084, 13.665887, 13.64545, 13.573804 ] }, { "date": "2024-09-13", "close": 14.014508, "volume": 11695065, "typical_volume": 13161531.85, "trend": 13.511089, "fair_value": 17.066624, "relative_strength": -7.76661, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.186108, "energy": 42.435587, "activity_lines": [ 13.820536, 13.738362, 13.683245, 13.606353 ] }, { "date": "2024-09-20", "close": 13.936919, "volume": 11939735, "typical_volume": 13073888.35, "trend": 13.536256, "fair_value": 17.022515, "relative_strength": -8.990634, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.041481, "energy": 31.208873, "activity_lines": [ 13.85933, 13.781917, 13.70762, 13.633826 ] }, { "date": "2024-09-27", "close": 14.324864, "volume": 10319394, "typical_volume": 13086213.45, "trend": 13.559901, "fair_value": 16.983772, "relative_strength": -6.86102, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.293751, "energy": 45.791935, "activity_lines": [ 14.014508, 13.896714, 13.766127, 13.684704 ] }, { "date": "2024-10-04", "close": 13.733248, "volume": 8133950, "typical_volume": 12831237.75, "trend": 13.55708, "fair_value": 16.943816, "relative_strength": -10.360224, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.063196, "energy": 38.803804, "activity_lines": [ 13.95179, 13.884547, 13.763582, 13.695887 ] }, { "date": "2024-10-11", "close": 13.29681, "volume": 9032343, "typical_volume": 12372034.55, "trend": 13.569261, "fair_value": 16.891525, "relative_strength": -13.747655, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 15.974806, "energy": 8.72029, "activity_lines": [ 13.751999, 13.792145, 13.719048, 13.679096 ] }, { "date": "2024-10-18", "close": 13.034948, "volume": 12762577, "typical_volume": 12463861.8, "trend": 13.564041, "fair_value": 16.833778, "relative_strength": -15.127856, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.25138, "energy": 15.861762, "activity_lines": [ 13.476558, 13.656188, 13.654717, 13.644624 ] }, { "date": "2024-10-25", "close": 12.763386, "volume": 12385281, "typical_volume": 12386706.1, "trend": 13.540454, "fair_value": 16.764033, "relative_strength": -16.513893, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -44.262828, "energy": 49.535495, "activity_lines": [ 13.175901, 13.478086, 13.571143, 13.592969 ] }, { "date": "2024-11-01", "close": 12.753687, "volume": 17253844, "typical_volume": 12647383.3, "trend": 13.526501, "fair_value": 16.700164, "relative_strength": -14.716456, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.527283, "energy": 64.023769, "activity_lines": [ 12.950246, 13.316031, 13.492538, 13.54221 ] }, { "date": "2024-11-08", "close": 12.006894, "volume": 36743467, "typical_volume": 13928486.9, "trend": 13.492151, "fair_value": 16.62671, "relative_strength": -23.414204, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -86.237957, "energy": 86.040265, "activity_lines": [ 12.580405, 13.041119, 13.348305, 13.44417 ] }, { "date": "2024-11-15", "close": 11.725634, "volume": 26414329, "typical_volume": 14569950.1, "trend": 13.464808, "fair_value": 16.553792, "relative_strength": -22.008107, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.344555, "energy": 91.312422, "activity_lines": [ 12.231902, 12.74875, 13.184352, 13.330202 ] }, { "date": "2024-11-22", "close": 11.754729, "volume": 16767144, "typical_volume": 14731886.6, "trend": 13.431689, "fair_value": 16.487598, "relative_strength": -22.697302, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.536536, "energy": 91.321564, "activity_lines": [ 11.997842, 12.493412, 13.028851, 13.219874 ] }, { "date": "2024-11-29", "close": 12.016592, "volume": 15763424, "typical_volume": 14643287.65, "trend": 13.387384, "fair_value": 16.432979, "relative_strength": -20.959137, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.585438, "energy": 86.804706, "activity_lines": [ 11.936417, 12.326772, 12.905171, 13.128577 ] }, { "date": "2024-12-06", "close": 11.735332, "volume": 19490315, "typical_volume": 14605837.0, "trend": 13.334026, "fair_value": 16.375118, "relative_strength": -24.666949, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.717489, "energy": 86.119535, "activity_lines": [ 11.831025, 12.143909, 12.764033, 13.021993 ] }, { "date": "2024-12-13", "close": 11.618949, "volume": 18826807, "typical_volume": 14757836.35, "trend": 13.26651, "fair_value": 16.321665, "relative_strength": -25.283147, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.135412, "energy": 77.656148, "activity_lines": [ 11.754729, 11.986967, 12.619061, 12.911343 ] }, { "date": "2024-12-20", "close": 11.28129, "volume": 22456923, "typical_volume": 15043789.9, "trend": 13.163327, "fair_value": 16.265928, "relative_strength": -25.069667, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.332359, "energy": 71.343, "activity_lines": [ 11.591744, 11.807075, 12.451769, 12.783264 ] }, { "date": "2024-12-27", "close": 11.291083, "volume": 9846908, "typical_volume": 14878368.25, "trend": 13.058865, "fair_value": 16.210601, "relative_strength": -24.925915, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.405495, "energy": 77.314116, "activity_lines": [ 11.461645, 11.66561, 12.29607, 12.662475 ] }, { "date": "2025-01-03", "close": 11.408596, "volume": 11183099, "typical_volume": 14950989.6, "trend": 12.972453, "fair_value": 16.165137, "relative_strength": -22.832381, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.67973, "energy": 74.720498, "activity_lines": [ 11.401627, 11.577217, 12.16176, 12.556006 ] }, { "date": "2025-01-10", "close": 10.987507, "volume": 11914857, "typical_volume": 15010220.9, "trend": 12.875109, "fair_value": 16.11824, "relative_strength": -23.35251, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.632426, "energy": 81.294749, "activity_lines": [ 11.24178, 11.436895, 11.998462, 12.427945 ] }, { "date": "2025-01-17", "close": 11.202948, "volume": 18152637, "typical_volume": 15507331.95, "trend": 12.798848, "fair_value": 16.079661, "relative_strength": -23.498369, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.374797, "energy": 64.751032, "activity_lines": [ 11.203601, 11.367856, 11.870096, 12.320063 ] }, { "date": "2025-01-24", "close": 10.938543, "volume": 11168140, "typical_volume": 15612511.95, "trend": 12.732847, "fair_value": 16.042645, "relative_strength": -25.85435, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.248379, "energy": 66.296021, "activity_lines": [ 11.10502, 11.265361, 11.729199, 12.200044 ] }, { "date": "2025-01-31", "close": 11.134398, "volume": 15212200, "typical_volume": 15788368.7, "trend": 12.664, "fair_value": 16.003386, "relative_strength": -22.919694, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.119139, "energy": 60.420028, "activity_lines": [ 11.094574, 11.212786, 11.619016, 12.096918 ] }, { "date": "2025-02-07", "close": 11.016885, "volume": 14357264, "typical_volume": 15909245.15, "trend": 12.565372, "fair_value": 15.965605, "relative_strength": -23.246224, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.213431, "energy": 61.89264, "activity_lines": [ 11.055403, 11.150125, 11.511355, 11.990652 ] }, { "date": "2025-02-14", "close": 11.095227, "volume": 9970396, "typical_volume": 15891795.25, "trend": 12.493279, "fair_value": 15.927301, "relative_strength": -24.24866, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.256872, "energy": 57.949167, "activity_lines": [ 11.06846, 11.119884, 11.425061, 11.895804 ] }, { "date": "2025-02-21", "close": 11.124606, "volume": 8887106, "typical_volume": 15929453.05, "trend": 12.407941, "fair_value": 15.881343, "relative_strength": -21.796448, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.701883, "energy": 50.671289, "activity_lines": [ 11.084129, 11.106623, 11.356944, 11.807503 ] }, { "date": "2025-02-28", "close": 10.879786, "volume": 9777038, "typical_volume": 15966687.8, "trend": 12.319938, "fair_value": 15.833936, "relative_strength": -20.293244, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.370712, "energy": 50.733357, "activity_lines": [ 11.023414, 11.057837, 11.277933, 11.708912 ] }, { "date": "2025-03-07", "close": 11.28129, "volume": 13493958, "typical_volume": 16003256.85, "trend": 12.248228, "fair_value": 15.781322, "relative_strength": -14.062397, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.627201, "energy": 35.411454, "activity_lines": [ 11.10045, 11.089352, 11.24867, 11.641903 ] }, { "date": "2025-03-14", "close": 11.340047, "volume": 10261434, "typical_volume": 15897064.5, "trend": 12.168131, "fair_value": 15.72643, "relative_strength": -11.02407, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.200461, "energy": 29.401032, "activity_lines": [ 11.187279, 11.131728, 11.233354, 11.58331 ] }, { "date": "2025-03-21", "close": 11.477146, "volume": 7683813, "typical_volume": 15418562.95, "trend": 12.083552, "fair_value": 15.67308, "relative_strength": -9.789397, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.520364, "energy": 20.3953, "activity_lines": [ 11.298264, 11.200277, 11.237872, 11.538731 ] }, { "date": "2025-03-28", "close": 11.291083, "volume": 8425739, "typical_volume": 14002676.55, "trend": 11.997944, "fair_value": 15.614918, "relative_strength": -8.70521, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.150585, "energy": 19.228863, "activity_lines": [ 11.321767, 11.226095, 11.230749, 11.487604 ] }, { "date": "2025-04-04", "close": 10.8602, "volume": 12752787, "typical_volume": 13319599.45, "trend": 11.910904, "fair_value": 15.556467, "relative_strength": -2.263387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.626411, "energy": 23.779978, "activity_lines": [ 11.190544, 11.171967, 11.185999, 11.414201 ] }, { "date": "2025-04-11", "close": 11.056056, "volume": 17059141, "typical_volume": 13334199.3, "trend": 11.812289, "fair_value": 15.501987, "relative_strength": -7.068157, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.20752, "energy": 26.794854, "activity_lines": [ 11.125911, 11.154874, 11.164022, 11.359049 ] }, { "date": "2025-04-18", "close": 11.28129, "volume": 7452374, "typical_volume": 12918646.8, "trend": 11.723768, "fair_value": 15.457576, "relative_strength": -2.615306, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.231571, "energy": 23.229815, "activity_lines": [ 11.151372, 11.180157, 11.166823, 11.324791 ] }, { "date": "2025-04-25", "close": 11.604452, "volume": 8091009, "typical_volume": 12348681.5, "trend": 11.633088, "fair_value": 15.418314, "relative_strength": -5.496252, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.403657, "energy": 7.630787, "activity_lines": [ 11.288471, 11.25939, 11.203903, 11.317093 ] }, { "date": "2025-05-02", "close": 11.594659, "volume": 7369199, "typical_volume": 11775801.1, "trend": 11.561802, "fair_value": 15.380617, "relative_strength": -8.235704, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.337202, "energy": 9.703329, "activity_lines": [ 11.413819, 11.327583, 11.240673, 11.314614 ] }, { "date": "2025-05-09", "close": 11.927614, "volume": 8470453, "typical_volume": 11076477.6, "trend": 11.516162, "fair_value": 15.350665, "relative_strength": -5.016705, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.348854, "energy": 39.585655, "activity_lines": [ 11.629913, 11.447767, 11.309269, 11.338215 ] }, { "date": "2025-05-16", "close": 12.691451, "volume": 15435346, "typical_volume": 11355899.5, "trend": 11.504712, "fair_value": 15.317647, "relative_strength": -5.004406, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 57.855156, "energy": 70.362777, "activity_lines": [ 12.029459, 11.68778, 11.447534, 11.41404 ] }, { "date": "2025-05-23", "close": 12.289947, "volume": 12248054, "typical_volume": 11409147.25, "trend": 11.488931, "fair_value": 15.274937, "relative_strength": -5.263323, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.147927, "energy": 67.071974, "activity_lines": [ 12.186143, 11.829152, 11.540892, 11.4647 ] }, { "date": "2025-05-30", "close": 12.407461, "volume": 6304165, "typical_volume": 11128612.65, "trend": 11.47739, "fair_value": 15.232075, "relative_strength": -5.584519, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 71.773861, "energy": 81.199408, "activity_lines": [ 12.314756, 11.974619, 11.641245, 11.52396 ] }, { "date": "2025-06-06", "close": 12.681659, "volume": 10685868, "typical_volume": 10755274.2, "trend": 11.499882, "fair_value": 15.194603, "relative_strength": -4.997843, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.867532, "energy": 85.877435, "activity_lines": [ 12.481233, 12.153026, 11.76095, 11.601655 ] }, { "date": "2025-06-13", "close": 13.024406, "volume": 17448238, "typical_volume": 11069279.1, "trend": 11.543174, "fair_value": 15.164978, "relative_strength": -1.545141, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.010728, "energy": 87.348396, "activity_lines": [ 12.689493, 12.368467, 11.906256, 11.700011 ] }, { "date": "2025-06-20", "close": 12.498058, "volume": 14962902, "typical_volume": 11056814.2, "trend": 11.567952, "fair_value": 15.12718, "relative_strength": -5.170621, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.229562, "energy": 69.998647, "activity_lines": [ 12.649184, 12.44886, 11.991502, 11.761617 ] }, { "date": "2025-06-27", "close": 12.883984, "volume": 13500747, "typical_volume": 11013988.35, "trend": 11.596865, "fair_value": 15.092403, "relative_strength": -5.878006, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.841983, "energy": 60.688303, "activity_lines": [ 12.75041, 12.573203, 12.107008, 11.846522 ] }, { "date": "2025-07-04", "close": 13.685522, "volume": 16948682, "typical_volume": 11362902.65, "trend": 11.661871, "fair_value": 15.058694, "relative_strength": -1.320611, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.432689, "energy": 74.627521, "activity_lines": [ 13.079213, 12.814139, 12.289961, 11.981274 ] }, { "date": "2025-07-11", "close": 13.230327, "volume": 12940906, "typical_volume": 11565592.65, "trend": 11.715584, "fair_value": 15.029235, "relative_strength": -3.919477, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.561966, "energy": 63.741001, "activity_lines": [ 13.17108, 12.934476, 12.417226, 12.082465 ] }, { "date": "2025-07-18", "close": 13.438134, "volume": 11756964, "typical_volume": 11664588.95, "trend": 11.787479, "fair_value": 14.996916, "relative_strength": -3.330379, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.912879, "energy": 78.705585, "activity_lines": [ 13.295638, 13.062856, 12.554256, 12.193597 ] }, { "date": "2025-07-25", "close": 13.824059, "volume": 15328255, "typical_volume": 11756303.8, "trend": 11.871911, "fair_value": 14.950122, "relative_strength": -1.04299, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.076594, "energy": 87.674588, "activity_lines": [ 13.521256, 13.233941, 12.715858, 12.324989 ] }, { "date": "2025-08-01", "close": 13.388656, "volume": 20376700, "typical_volume": 12262067.1, "trend": 11.937913, "fair_value": 14.899809, "relative_strength": -1.528415, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.443183, "energy": 60.518987, "activity_lines": [ 13.51334, 13.305268, 12.823885, 12.422844 ] }, { "date": "2025-08-08", "close": 13.546984, "volume": 10935407, "typical_volume": 12424646.8, "trend": 12.023229, "fair_value": 14.843584, "relative_strength": -3.463595, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.995731, "energy": 58.569497, "activity_lines": [ 13.524554, 13.385406, 12.937235, 12.526655 ] }, { "date": "2025-08-15", "close": 13.952701, "volume": 18225169, "typical_volume": 12914618.3, "trend": 12.114888, "fair_value": 14.796097, "relative_strength": -0.667745, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.324687, "energy": 64.073649, "activity_lines": [ 13.680244, 13.518591, 13.079368, 12.651137 ] }, { "date": "2025-08-22", "close": 14.516747, "volume": 22251181, "typical_volume": 13389538.0, "trend": 12.234161, "fair_value": 14.751799, "relative_strength": 4.647281, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.665071, "energy": 67.177906, "activity_lines": [ 13.975791, 13.731221, 13.262546, 12.806096 ] }, { "date": "2025-08-29", "close": 14.239672, "volume": 15719573, "typical_volume": 13322559.6, "trend": 12.33767, "fair_value": 14.712833, "relative_strength": 3.28443, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.263367, "energy": 63.274553, "activity_lines": [ 14.107072, 13.86634, 13.401923, 12.935483 ] }, { "date": "2025-09-05", "close": 14.526642, "volume": 15940412, "typical_volume": 13746961.5, "trend": 12.454662, "fair_value": 14.666655, "relative_strength": 4.745181, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.318483, "energy": 68.639968, "activity_lines": [ 14.306302, 14.02197, 13.553471, 13.076707 ] }, { "date": "2025-09-12", "close": 14.477165, "volume": 15875518, "typical_volume": 14136186.95, "trend": 12.567393, "fair_value": 14.625142, "relative_strength": 2.910879, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.601885, "energy": 62.16282, "activity_lines": [ 14.413174, 14.138737, 13.684853, 13.207191 ] }, { "date": "2025-09-19", "close": 15.011523, "volume": 17149745, "typical_volume": 14625214.25, "trend": 12.696957, "fair_value": 14.59975, "relative_strength": 4.786428, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.809748, "energy": 67.139335, "activity_lines": [ 14.636153, 14.338267, 13.853446, 13.364877 ] }, { "date": "2025-09-26", "close": 15.051105, "volume": 14835967, "typical_volume": 14943489.95, "trend": 12.836001, "fair_value": 14.580262, "relative_strength": 5.905629, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.166555, "energy": 71.165155, "activity_lines": [ 14.801738, 14.512608, 14.009539, 13.516758 ] }, { "date": "2025-10-03", "close": 15.813061, "volume": 16793322, "typical_volume": 15011388.75, "trend": 12.98706, "fair_value": 14.569667, "relative_strength": 10.124898, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.908239, "energy": 88.886474, "activity_lines": [ 15.185684, 14.79616, 14.223324, 13.708826 ] }, { "date": "2025-10-10", "close": 15.615151, "volume": 12970602, "typical_volume": 15047516.15, "trend": 13.129564, "fair_value": 14.563211, "relative_strength": 11.324735, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.109984, "energy": 86.896489, "activity_lines": [ 15.398768, 15.007565, 14.403397, 13.87838 ] }, { "date": "2025-10-17", "close": 16.357316, "volume": 21823043, "typical_volume": 15823460.05, "trend": 13.292236, "fair_value": 14.559082, "relative_strength": 13.77588, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.356251, "energy": 87.922769, "activity_lines": [ 15.786673, 15.313427, 14.638317, 14.086622 ] }, { "date": "2025-10-24", "close": 16.52554, "volume": 17926545, "typical_volume": 16185493.9, "trend": 13.466718, "fair_value": 14.550381, "relative_strength": 12.413464, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.114598, "energy": 86.169089, "activity_lines": [ 16.10531, 15.598778, 14.87045, 14.295223 ] }, { "date": "2025-10-31", "close": 17.119272, "volume": 17595830, "typical_volume": 16192873.5, "trend": 13.675354, "fair_value": 14.543725, "relative_strength": 14.152642, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.09696, "energy": 82.846327, "activity_lines": [ 16.520922, 15.945302, 15.140825, 14.530871 ] }, { "date": "2025-11-07", "close": 17.475511, "volume": 22240853, "typical_volume": 16556771.05, "trend": 13.889336, "fair_value": 14.531516, "relative_strength": 19.721717, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.422198, "energy": 80.713757, "activity_lines": [ 16.917403, 16.309277, 15.425628, 14.776043 ] }, { "date": "2025-11-14", "close": 16.842197, "volume": 19805476, "typical_volume": 16872007.5, "trend": 14.074699, "fair_value": 14.515004, "relative_strength": 15.186782, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.10783, "energy": 66.023726, "activity_lines": [ 16.991949, 16.499272, 15.626413, 14.96655 ] }, { "date": "2025-11-21", "close": 15.902121, "volume": 27786588, "typical_volume": 17413902.8, "trend": 14.217955, "fair_value": 14.490583, "relative_strength": 11.899396, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.950006, "energy": 58.100425, "activity_lines": [ 16.671334, 16.476242, 15.718818, 15.084448 ] }, { "date": "2025-11-28", "close": 16.81251, "volume": 13720704, "typical_volume": 17452892.7, "trend": 14.391883, "fair_value": 14.469142, "relative_strength": 12.42113, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.989317, "energy": 52.34881, "activity_lines": [ 16.684528, 16.592829, 15.887372, 15.251839 ] }, { "date": "2025-12-05", "close": 16.693764, "volume": 8303878, "typical_volume": 17280238.4, "trend": 14.550755, "fair_value": 14.451132, "relative_strength": 10.139836, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.624118, "energy": 40.528472, "activity_lines": [ 16.639009, 16.655081, 16.027559, 15.400347 ] }, { "date": "2025-12-12", "close": 16.426584, "volume": 9480306, "typical_volume": 16987840.95, "trend": 14.675259, "fair_value": 14.432227, "relative_strength": 10.056681, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.823053, "energy": 32.173686, "activity_lines": [ 16.532796, 16.638889, 16.126797, 15.521368 ] }, { "date": "2025-12-19", "close": 16.39629, "volume": 10911021, "typical_volume": 16514557.0, "trend": 14.812137, "fair_value": 14.415684, "relative_strength": 8.838182, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.163667, "energy": 32.035045, "activity_lines": [ 16.486415, 16.606033, 16.210757, 15.632403 ] }, { "date": "2025-12-26", "close": 16.575811, "volume": 6825638, "typical_volume": 16309068.55, "trend": 14.951082, "fair_value": 14.401144, "relative_strength": 8.270812, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.475651, "energy": 28.593248, "activity_lines": [ 16.5296, 16.591615, 16.297492, 15.746188 ] }, { "date": "2026-01-02", "close": 17.054535, "volume": 16503491, "typical_volume": 16222984.65, "trend": 15.096845, "fair_value": 14.389489, "relative_strength": 12.84994, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.824882, "energy": 36.845914, "activity_lines": [ 16.687448, 16.660265, 16.415397, 15.881895 ] }, { "date": "2026-01-09", "close": 17.27395, "volume": 25172302, "typical_volume": 16369040.7, "trend": 15.238496, "fair_value": 14.371087, "relative_strength": 11.330705, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.044394, "energy": 41.93938, "activity_lines": [ 16.902299, 16.75919, 16.539428, 16.022353 ] }, { "date": "2026-01-16", "close": 17.65294, "volume": 20945925, "typical_volume": 16630358.3, "trend": 15.410326, "fair_value": 14.358887, "relative_strength": 14.1544, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.866151, "energy": 57.152549, "activity_lines": [ 17.204801, 16.924211, 16.686423, 16.178124 ] }, { "date": "2026-01-23", "close": 18.221424, "volume": 22006938, "typical_volume": 16933684.6, "trend": 15.58824, "fair_value": 14.350757, "relative_strength": 16.786973, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.262107, "energy": 74.971067, "activity_lines": [ 17.615041, 17.189366, 16.871307, 16.359485 ] }, { "date": "2026-01-30", "close": 18.101743, "volume": 33929606, "typical_volume": 17836389.0, "trend": 15.735448, "fair_value": 14.343382, "relative_strength": 15.497369, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.649291, "energy": 75.800191, "activity_lines": [ 17.863711, 17.407684, 17.027197, 16.521646 ] }, { "date": "2026-02-06", "close": 18.56052, "volume": 26042247, "typical_volume": 18281014.1, "trend": 15.913121, "fair_value": 14.342598, "relative_strength": 19.949779, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.366068, "energy": 79.086525, "activity_lines": [ 18.163578, 17.669423, 17.209521, 16.703909 ] }, { "date": "2026-02-13", "close": 18.371025, "volume": 21470302, "typical_volume": 18612730.85, "trend": 16.077551, "fair_value": 14.340965, "relative_strength": 19.363535, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.350978, "energy": 73.706517, "activity_lines": [ 18.299881, 17.864927, 17.356898, 16.862483 ] }, { "date": "2026-02-20", "close": 18.859723, "volume": 16837335, "typical_volume": 18614931.5, "trend": 16.245406, "fair_value": 14.346664, "relative_strength": 20.272245, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.262888, "energy": 75.939795, "activity_lines": [ 18.525946, 18.118789, 17.535009, 17.041978 ] }, { "date": "2026-02-27", "close": 18.171557, "volume": 27529806, "typical_volume": 19342891.7, "trend": 16.404836, "fair_value": 14.342778, "relative_strength": 15.449198, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.791714, "energy": 53.684873, "activity_lines": [ 18.442169, 18.203291, 17.633072, 17.166246 ] }, { "date": "2026-03-06", "close": 17.383658, "volume": 20736041, "typical_volume": 19288541.6, "trend": 16.532725, "fair_value": 14.337555, "relative_strength": 11.341987, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.983885, "energy": 36.269434, "activity_lines": [ 18.099084, 18.112261, 17.643923, 17.229396 ] }, { "date": "2026-03-13", "close": 18.331132, "volume": 26049390, "typical_volume": 19694683.85, "trend": 16.678673, "fair_value": 14.343577, "relative_strength": 17.982902, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.774618, "energy": 33.29228, "activity_lines": [ 18.119696, 18.178811, 17.740123, 17.345422 ] }, { "date": "2026-03-20", "close": 18.011983, "volume": 24866129, "typical_volume": 20058198.8, "trend": 16.795181, "fair_value": 14.344815, "relative_strength": 17.649671, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.12153, "energy": 22.705863, "activity_lines": [ 18.049217, 18.164123, 17.79733, 17.431442 ] }, { "date": "2026-03-27", "close": 17.802541, "volume": 25686610, "typical_volume": 20230486.65, "trend": 16.913943, "fair_value": 14.338564, "relative_strength": 19.508063, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.322069, "energy": 18.334275, "activity_lines": [ 17.93286, 18.097935, 17.830339, 17.496433 ] }, { "date": "2026-04-03", "close": 18.002009, "volume": 28378903, "typical_volume": 20659158.0, "trend": 17.029789, "fair_value": 14.337, "relative_strength": 15.802798, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.533282, "energy": 19.201475, "activity_lines": [ 17.953472, 18.065295, 17.880787, 17.566631 ] }, { "date": "2026-04-10", "close": 18.869696, "volume": 23395928, "typical_volume": 20439625.0, "trend": 17.176206, "fair_value": 14.338746, "relative_strength": 15.663497, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.403836, "energy": 30.738377, "activity_lines": [ 18.274616, 18.194405, 18.008349, 17.685335 ] }, { "date": "2026-04-17", "close": 19.34842, "volume": 38663317, "typical_volume": 21686755.65, "trend": 17.32077, "fair_value": 14.342283, "relative_strength": 11.347908, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.957942, "energy": 39.536791, "activity_lines": [ 18.656265, 18.396594, 18.167373, 17.825478 ] }, { "date": "2026-04-24", "close": 19.936851, "volume": 28884846, "typical_volume": 22715804.05, "trend": 17.483628, "fair_value": 14.356225, "relative_strength": 11.827551, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.429763, "energy": 65.203535, "activity_lines": [ 19.166239, 18.691444, 18.370362, 17.994257 ] }, { "date": "2026-05-01", "close": 20.894299, "volume": 36925868, "typical_volume": 24088082.15, "trend": 17.653002, "fair_value": 14.376791, "relative_strength": 14.821644, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.257825, "energy": 80.810293, "activity_lines": [ 19.867037, 19.131906, 18.649094, 18.2143 ] }, { "date": "2026-05-08", "close": 21.10374, "volume": 39455117, "typical_volume": 25515286.95, "trend": 17.835955, "fair_value": 14.396022, "relative_strength": 9.525401, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.421794, "energy": 85.32185, "activity_lines": [ 20.431532, 19.573456, 18.926497, 18.436928 ] }, { "date": "2026-05-15", "close": 21.732065, "volume": 37898109, "typical_volume": 27068910.5, "trend": 18.015114, "fair_value": 14.421959, "relative_strength": 12.654133, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.859802, "energy": 90.088181, "activity_lines": [ 20.998687, 20.075935, 19.241324, 18.68829 ] }, { "date": "2026-05-22", "close": 22.350417, "volume": 32243542, "typical_volume": 27855913.05, "trend": 18.209276, "fair_value": 14.45265, "relative_strength": 13.911759, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.706455, "energy": 90.784601, "activity_lines": [ 21.581134, 20.611779, 19.590489, 18.967987 ] }, { "date": "2026-05-29", "close": 23.507333, "volume": 27907229, "typical_volume": 27992659.4, "trend": 18.422212, "fair_value": 14.489115, "relative_strength": 15.798448, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.508947, "energy": 94.214188, "activity_lines": [ 22.349087, 21.284894, 20.024617, 19.309797 ] }, { "date": "2026-06-05", "close": 21.263315, "volume": 29136565, "typical_volume": 28402191.4, "trend": 18.548472, "fair_value": 14.512081, "relative_strength": 9.215039, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.535021, "energy": 71.520742, "activity_lines": [ 22.131002, 21.45009, 20.215347, 19.493094 ] }, { "date": "2026-06-12", "close": 20.864379, "volume": 27294300, "typical_volume": 28666559.5, "trend": 18.682544, "fair_value": 14.530896, "relative_strength": 4.447866, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.017445, "energy": 54.377715, "activity_lines": [ 21.755337, 21.479829, 20.35089, 19.642508 ] }, { "date": "2026-06-19", "close": 21.1, "volume": 22503165, "typical_volume": 28095237.45, "trend": 18.855807, "fair_value": 14.557226, "relative_strength": 2.544492, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.141874, "energy": 41.102206, "activity_lines": [ 21.47417, 21.500365, 20.496288, 19.798473 ] }, { "date": "2026-06-26", "close": 19.5, "volume": 25258694, "typical_volume": 28056059.8, "trend": 18.94539, "fair_value": 14.569501, "relative_strength": -1.040929, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.297105, "energy": 22.49541, "activity_lines": [ 20.701807, 21.189441, 20.475028, 19.840034 ] }, { "date": "2026-07-03", "close": 19.67, "volume": 25440163, "typical_volume": 28254552.85, "trend": 19.044598, "fair_value": 14.585868, "relative_strength": -1.227946, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.058068, "energy": 23.051225, "activity_lines": [ 20.176138, 20.90667, 20.465485, 19.886783 ] }, { "date": "2026-07-10", "close": 19.25, "volume": 19913177, "typical_volume": 28408344.95, "trend": 19.138712, "fair_value": 14.595193, "relative_strength": -5.224773, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.815471, "energy": 20.126792, "activity_lines": [ 19.766292, 20.552387, 20.409755, 19.900034 ] }, { "date": "2026-07-17", "close": 18.37, "volume": 18960842, "typical_volume": 27979896.75, "trend": 19.204502, "fair_value": 14.598141, "relative_strength": -5.786344, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.833751, "energy": 33.602723, "activity_lines": [ 19.197333, 20.068001, 20.268358, 19.85044 ] }, { "date": "2026-07-24", "close": 17.78, "volume": 22134181, "typical_volume": 28049803.75, "trend": 19.244642, "fair_value": 14.600738, "relative_strength": -7.427376, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.379869, "energy": 41.137446, "activity_lines": [ 18.598, 19.526046, 20.069826, 19.758537 ] }, { "date": "2026-07-31", "close": 17.55, "volume": 39406713, "typical_volume": 28717669.9, "trend": 19.261157, "fair_value": 14.608478, "relative_strength": -9.20187, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.160412, "energy": 56.887816, "activity_lines": [ 18.143333, 19.014129, 19.847501, 19.649205 ] }, { "date": "2026-08-07", "close": 18.3, "volume": 49106707, "typical_volume": 29929698.8, "trend": 19.295359, "fair_value": 14.622495, "relative_strength": -10.011298, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.486797, "energy": 53.709951, "activity_lines": [ 18.068667, 18.725856, 19.700325, 19.587195 ] } ], "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." } } }