{ "ticker": { "uuid": "a338c62a-03d0-466b-b3eb-d81688f32598", "symbol": "INFH", "name": "Amundi US Inflation Expectations 10Y UCITS ETF EUR Hedged Dist", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 57.008, "architecture_energy": 49.376, "architecture_maturity": 4.698, "architecture_confidence": 75.942, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 22.83, "rotation_up": 58.79, "upward_expansion": 81.61, "deceleration": 52.08, "rotation_down": 17.26, "downward_expansion": 8.27 }, "activity_lines": [ 113.406, 113.220546, 113.149, 112.842753 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 113.349998, "trend_reference": 112.369667, "distance_from_trend": 0.008724, "trend_direction": "Improving", "fair_value": 109.022854, "distance_from_fair_value": 0.03969, "fair_value_direction": "Weakening", "relative_strength": -13.238982, "relative_strength_direction": "Weakening", "price_momentum": 0.017687, "excess_performance": -0.153205, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.008724, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.00739, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.03969, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.00835, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.13239, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.026114, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.017687, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.518724, "read": "Demand-led" } ], "volume": { "latest": 3727, "relative_activity": 1.360393, "balance": 2.518724, "dry_up": 1.599566, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.005171, "annualized_volatility": 0.025379, "from_high_reference": -0.008918, "from_low_reference": 0.028678 }, "levels": { "trend_reference": 112.369667, "fair_value_reference": 109.022854, "structural_low": 110.419998, "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": 23, "median_return": 0.000817, "positive_rate": 0.565217, "directional_follow_through": 0.565217, "median_excess_return": -0.009111, "regime_survival": 0.73913, "best_return": 0.017337, "worst_return": -0.014559, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.008361, "positive_rate": 0.777778, "directional_follow_through": 0.777778, "median_excess_return": -0.042925, "regime_survival": 0.666667, "best_return": 0.018982, "worst_return": -0.010565, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.012433, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.098101, "regime_survival": 0.5, "best_return": 0.020518, "worst_return": 0.002534, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.024064, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.200749, "regime_survival": 0.0, "best_return": 0.028903, "worst_return": 0.019225, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-25", "end": "2024-11-01", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-08", "end": "2024-11-29", "tenure": "New", "return": -0.005771, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-06", "end": "2025-03-14", "tenure": "Established", "return": 0.007819, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-21", "end": "2025-05-16", "tenure": "Developing", "return": 0.010586, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-09-26", "tenure": "Established", "return": 0.006496, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-10-31", "tenure": "Developing", "return": -0.001801, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-07", "end": "2025-12-05", "tenure": "Developing", "return": 9e-05, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-12", "end": "2026-01-30", "tenure": "Developing", "return": 0.006862, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-06", "end": "2026-02-20", "tenure": "New", "return": -0.005297, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-03-13", "tenure": "New", "return": 0.00893, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": -0.005354, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-03", "end": "2026-06-12", "tenure": "Developing", "return": 0.012637, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-19", "end": "2026-07-24", "tenure": "Developing", "return": 0.005941, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": -0.002376, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 103.711136, "volume": 0, "typical_volume": 1676.75, "trend": 103.031696, "fair_value": 102.855532, "relative_strength": -8.202236, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.118168, "energy": 77.587859, "activity_lines": [ 103.794904, 103.626464, 103.106536, 103.024834 ] }, { "date": "2023-08-25", "close": 104.199776, "volume": 7509, "typical_volume": 2052.2, "trend": 103.056627, "fair_value": 102.870636, "relative_strength": -8.767627, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 85.015888, "energy": 72.072328, "activity_lines": [ 103.9159, 103.778585, 103.237789, 103.100194 ] }, { "date": "2023-09-01", "close": 103.761002, "volume": 1060, "typical_volume": 1865.85, "trend": 103.066932, "fair_value": 102.880528, "relative_strength": -10.068793, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.607495, "energy": 59.322556, "activity_lines": [ 103.872023, 103.811948, 103.323693, 103.145637 ] }, { "date": "2023-09-08", "close": 103.930527, "volume": 1062, "typical_volume": 1798.95, "trend": 103.082887, "fair_value": 102.892067, "relative_strength": -8.136278, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.52413, "energy": 57.761502, "activity_lines": [ 103.895292, 103.858364, 103.419616, 103.201353 ] }, { "date": "2023-09-15", "close": 103.930527, "volume": 0, "typical_volume": 1682.5, "trend": 103.098843, "fair_value": 102.903355, "relative_strength": -9.756546, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.716493, "energy": 56.162774, "activity_lines": [ 103.917896, 103.883929, 103.508322, 103.25604 ] }, { "date": "2023-09-22", "close": 103.930527, "volume": 0, "typical_volume": 1679.15, "trend": 103.114799, "fair_value": 102.914399, "relative_strength": -8.167826, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.542743, "energy": 55.421986, "activity_lines": [ 103.925874, 103.901336, 103.588669, 103.309697 ] }, { "date": "2023-09-29", "close": 104.907799, "volume": 1408, "typical_volume": 1722.5, "trend": 103.16333, "fair_value": 102.935606, "relative_strength": -5.599604, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.604799, "energy": 69.748559, "activity_lines": [ 104.244983, 104.08573, 103.752925, 103.425374 ] }, { "date": "2023-10-06", "close": 104.957664, "volume": 1912, "typical_volume": 1818.1, "trend": 103.213523, "fair_value": 102.956891, "relative_strength": -3.515179, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.502397, "energy": 92.693746, "activity_lines": [ 104.533512, 104.261241, 103.90835, 103.541138 ] }, { "date": "2023-10-13", "close": 104.937729, "volume": 8615, "typical_volume": 2248.85, "trend": 103.263052, "fair_value": 102.977524, "relative_strength": -4.394344, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.722209, "energy": 90.731258, "activity_lines": [ 104.735619, 104.414271, 104.048057, 103.652377 ] }, { "date": "2023-10-20", "close": 106.144363, "volume": 1392, "typical_volume": 2318.45, "trend": 103.352803, "fair_value": 103.010172, "relative_strength": 0.289067, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.69779, "energy": 98.709574, "activity_lines": [ 105.27279, 104.768194, 104.288957, 103.838268 ] }, { "date": "2023-10-27", "close": 105.924973, "volume": 1371, "typical_volume": 2387.0, "trend": 103.43524, "fair_value": 103.039915, "relative_strength": 0.711935, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.289284, "energy": 94.227189, "activity_lines": [ 105.589242, 105.037989, 104.489494, 104.004214 ] }, { "date": "2023-11-03", "close": 105.69561, "volume": 1039, "typical_volume": 2438.95, "trend": 103.510031, "fair_value": 103.06674, "relative_strength": -4.007737, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.292997, "energy": 84.382567, "activity_lines": [ 105.696277, 105.225829, 104.649762, 104.150044 ] }, { "date": "2023-11-10", "close": 105.815277, "volume": 4145, "typical_volume": 2646.15, "trend": 103.621388, "fair_value": 103.094226, "relative_strength": -3.07116, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.526819, "energy": 82.706767, "activity_lines": [ 105.79068, 105.40823, 104.804094, 104.29877 ] }, { "date": "2023-11-17", "close": 105.196999, "volume": 50, "typical_volume": 2648.65, "trend": 103.714129, "fair_value": 103.115045, "relative_strength": -6.590893, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.13474, "energy": 63.973103, "activity_lines": [ 105.621816, 105.440866, 104.885106, 104.400422 ] }, { "date": "2023-11-24", "close": 105.157104, "volume": 1047, "typical_volume": 2001.0, "trend": 103.813519, "fair_value": 103.135065, "relative_strength": -6.127443, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.532475, "energy": 53.698146, "activity_lines": [ 105.422369, 105.443222, 104.950827, 104.493517 ] }, { "date": "2023-12-01", "close": 104.628578, "volume": 1050, "typical_volume": 2048.5, "trend": 103.900942, "fair_value": 103.149565, "relative_strength": -7.818558, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.397902, "energy": 33.42063, "activity_lines": [ 105.112564, 105.327181, 104.958235, 104.546102 ] }, { "date": "2023-12-08", "close": 104.120003, "volume": 51, "typical_volume": 1995.3, "trend": 103.96975, "fair_value": 103.158897, "relative_strength": -9.318032, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.400561, "energy": 25.735986, "activity_lines": [ 104.719661, 105.105979, 104.911081, 104.560235 ] }, { "date": "2023-12-15", "close": 104.019997, "volume": 2057, "typical_volume": 2098.15, "trend": 104.035225, "fair_value": 103.167098, "relative_strength": -8.878254, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.938634, "energy": 26.61237, "activity_lines": [ 104.398463, 104.880919, 104.853453, 104.563477 ] }, { "date": "2023-12-22", "close": 104.019997, "volume": 0, "typical_volume": 2098.15, "trend": 104.1007, "fair_value": 103.175144, "relative_strength": -8.390751, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.178407, "energy": 34.457933, "activity_lines": [ 104.196949, 104.672907, 104.795351, 104.562494 ] }, { "date": "2023-12-29", "close": 104.019997, "volume": 0, "typical_volume": 1688.4, "trend": 104.166175, "fair_value": 103.18304, "relative_strength": -7.944485, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.265879, "energy": 46.417977, "activity_lines": [ 104.073903, 104.481581, 104.736776, 104.557287 ] }, { "date": "2024-01-05", "close": 104.019997, "volume": 0, "typical_volume": 1688.4, "trend": 104.23165, "fair_value": 103.190789, "relative_strength": -7.884644, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.396645, "energy": 60.590452, "activity_lines": [ 104.026664, 104.32888, 104.67673, 104.547857 ] }, { "date": "2024-01-12", "close": 104.019997, "volume": 0, "typical_volume": 1312.95, "trend": 104.297125, "fair_value": 103.198397, "relative_strength": -7.688845, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.395194, "energy": 62.69169, "activity_lines": [ 104.019997, 104.210814, 104.615214, 104.534202 ] }, { "date": "2024-01-19", "close": 105.199997, "volume": 4, "typical_volume": 1260.15, "trend": 104.377668, "fair_value": 103.216593, "relative_strength": -5.800811, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 16.279869, "energy": 17.941809, "activity_lines": [ 104.41333, 104.33776, 104.666934, 104.592451 ] }, { "date": "2024-01-26", "close": 105.489998, "volume": 4, "typical_volume": 1207.25, "trend": 104.467877, "fair_value": 103.237074, "relative_strength": -5.619556, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.502175, "energy": 44.733085, "activity_lines": [ 104.824664, 104.528621, 104.739421, 104.664215 ] }, { "date": "2024-02-02", "close": 105.489998, "volume": 0, "typical_volume": 1207.25, "trend": 104.534818, "fair_value": 103.257189, "relative_strength": -6.463428, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.377222, "energy": 57.471609, "activity_lines": [ 105.137998, 104.714154, 104.804482, 104.730158 ] }, { "date": "2024-02-09", "close": 105.370003, "volume": 95, "typical_volume": 1212.0, "trend": 104.602413, "fair_value": 103.275887, "relative_strength": -7.684132, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 65.780621, "energy": 62.823559, "activity_lines": [ 105.313333, 104.871817, 104.850689, 104.784041 ] }, { "date": "2024-02-16", "close": 105.760002, "volume": 1042, "typical_volume": 1193.7, "trend": 104.663727, "fair_value": 103.297677, "relative_strength": -8.835371, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.924913, "energy": 93.116597, "activity_lines": [ 105.528667, 105.086908, 104.927184, 104.858724 ] }, { "date": "2024-02-23", "close": 105.889999, "volume": 120, "typical_volume": 1104.1, "trend": 104.729376, "fair_value": 103.320219, "relative_strength": -11.149761, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.484355, "energy": 94.297683, "activity_lines": [ 105.671334, 105.295817, 105.012002, 104.937838 ] }, { "date": "2024-03-01", "close": 105.889999, "volume": 0, "typical_volume": 673.35, "trend": 104.795024, "fair_value": 103.342373, "relative_strength": -11.543703, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.367374, "energy": 93.100158, "activity_lines": [ 105.768, 105.470727, 105.09238, 105.012717 ] }, { "date": "2024-03-08", "close": 105.889999, "volume": 0, "typical_volume": 603.75, "trend": 104.867652, "fair_value": 103.364147, "relative_strength": -12.500368, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.533805, "energy": 91.669706, "activity_lines": [ 105.838, 105.611636, 105.168223, 105.083361 ] }, { "date": "2024-03-15", "close": 106.129997, "volume": 3050, "typical_volume": 687.7, "trend": 104.948281, "fair_value": 103.387587, "relative_strength": -13.258476, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.777193, "energy": 96.319516, "activity_lines": [ 105.961332, 105.762181, 105.268134, 105.164802 ] }, { "date": "2024-03-22", "close": 106.129997, "volume": 0, "typical_volume": 635.75, "trend": 105.012622, "fair_value": 103.410632, "relative_strength": -13.862854, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.624812, "energy": 93.739473, "activity_lines": [ 106.033998, 105.874362, 105.36707, 105.241042 ] }, { "date": "2024-03-29", "close": 106.129997, "volume": 0, "typical_volume": 428.5, "trend": 105.091588, "fair_value": 103.433293, "relative_strength": -14.520381, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.531404, "energy": 91.386984, "activity_lines": [ 106.081997, 105.94818, 105.463936, 105.313131 ] }, { "date": "2024-04-05", "close": 106.129997, "volume": 0, "typical_volume": 426.0, "trend": 105.164904, "fair_value": 103.45558, "relative_strength": -12.341773, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.055816, "energy": 80.06732, "activity_lines": [ 106.113997, 106.005089, 105.559304, 105.380125 ] }, { "date": "2024-04-12", "close": 106.129997, "volume": 0, "typical_volume": 373.65, "trend": 105.23822, "fair_value": 103.477502, "relative_strength": -11.445373, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.203017, "energy": 67.921176, "activity_lines": [ 106.129997, 106.050361, 105.650229, 105.442389 ] }, { "date": "2024-04-19", "close": 106.129997, "volume": 0, "typical_volume": 321.15, "trend": 105.311535, "fair_value": 103.499067, "relative_strength": -11.588399, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.307582, "energy": 88.503917, "activity_lines": [ 106.129997, 106.083997, 105.736522, 105.499923 ] }, { "date": "2024-04-26", "close": 108.040001, "volume": 9527, "typical_volume": 794.95, "trend": 105.415942, "fair_value": 103.535687, "relative_strength": -10.558294, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 97.277018, "energy": 97.787201, "activity_lines": [ 106.766665, 106.451089, 105.99757, 105.675953 ] }, { "date": "2024-05-03", "close": 107.970001, "volume": 94, "typical_volume": 696.8, "trend": 105.516353, "fair_value": 103.571162, "relative_strength": -8.707229, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 97.041921, "energy": 98.951437, "activity_lines": [ 107.252666, 106.763998, 106.233284, 105.840731 ] }, { "date": "2024-05-10", "close": 107.970001, "volume": 0, "typical_volume": 696.8, "trend": 105.617429, "fair_value": 103.606073, "relative_strength": -11.115528, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.724737, "energy": 97.802941, "activity_lines": [ 107.616, 107.03909, 106.450189, 105.999031 ] }, { "date": "2024-05-17", "close": 107.970001, "volume": 0, "typical_volume": 696.8, "trend": 105.678284, "fair_value": 103.640435, "relative_strength": -12.663171, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.468461, "energy": 93.503708, "activity_lines": [ 107.856667, 107.276363, 106.648285, 106.15081 ] }, { "date": "2024-05-24", "close": 107.900002, "volume": 50, "typical_volume": 699.3, "trend": 105.744118, "fair_value": 103.673713, "relative_strength": -10.079383, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.333276, "energy": 88.56653, "activity_lines": [ 107.951335, 107.463091, 106.820904, 106.294146 ] }, { "date": "2024-05-31", "close": 107.900002, "volume": 0, "typical_volume": 699.3, "trend": 105.817598, "fair_value": 103.706475, "relative_strength": -9.761715, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.332442, "energy": 88.562382, "activity_lines": [ 107.928002, 107.617637, 106.975047, 106.433236 ] }, { "date": "2024-06-07", "close": 107.860001, "volume": 5105, "typical_volume": 954.35, "trend": 105.885755, "fair_value": 103.738425, "relative_strength": -9.909877, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.98066, "energy": 68.053016, "activity_lines": [ 107.900668, 107.732728, 107.106905, 106.565004 ] }, { "date": "2024-06-14", "close": 107.279999, "volume": 51, "typical_volume": 956.7, "trend": 105.955189, "fair_value": 103.76546, "relative_strength": -4.720844, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.975362, "energy": 62.807378, "activity_lines": [ 107.687334, 107.71091, 107.170857, 106.654955 ] }, { "date": "2024-06-21", "close": 107.279999, "volume": 0, "typical_volume": 956.7, "trend": 106.025952, "fair_value": 103.792085, "relative_strength": -6.271891, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.619482, "energy": 55.027493, "activity_lines": [ 107.52, 107.668182, 107.226285, 106.740426 ] }, { "date": "2024-06-28", "close": 108.059998, "volume": 1047, "typical_volume": 1004.3, "trend": 106.140332, "fair_value": 103.824175, "relative_strength": -4.946115, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.498198, "energy": 60.690961, "activity_lines": [ 107.658666, 107.746364, 107.347476, 106.871655 ] }, { "date": "2024-07-05", "close": 108.059998, "volume": 0, "typical_volume": 952.2, "trend": 106.271665, "fair_value": 103.855785, "relative_strength": -6.993775, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.23249, "energy": 61.432996, "activity_lines": [ 107.786665, 107.789454, 107.455857, 106.995505 ] }, { "date": "2024-07-12", "close": 107.800003, "volume": 180, "typical_volume": 955.2, "trend": 106.397666, "fair_value": 103.885002, "relative_strength": -8.557508, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.558404, "energy": 60.860205, "activity_lines": [ 107.817333, 107.784909, 107.528524, 107.094107 ] }, { "date": "2024-07-19", "close": 108.0, "volume": 1228, "typical_volume": 1016.6, "trend": 106.530332, "fair_value": 103.915259, "relative_strength": -7.177543, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.062665, "energy": 66.334332, "activity_lines": [ 107.918667, 107.819818, 107.611143, 107.197483 ] }, { "date": "2024-07-26", "close": 107.839996, "volume": 180, "typical_volume": 1025.6, "trend": 106.657666, "fair_value": 103.943907, "relative_strength": -6.030482, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.154908, "energy": 75.503577, "activity_lines": [ 107.918666, 107.82509, 107.668476, 107.281978 ] }, { "date": "2024-08-02", "close": 107.839996, "volume": 0, "typical_volume": 873.1, "trend": 106.784999, "fair_value": 103.972139, "relative_strength": -0.617825, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.119556, "energy": 68.076403, "activity_lines": [ 107.881331, 107.832726, 107.716523, 107.358257 ] }, { "date": "2024-08-09", "close": 107.839996, "volume": 0, "typical_volume": 873.1, "trend": 106.912332, "fair_value": 103.999965, "relative_strength": 0.279663, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.79707, "energy": 62.252399, "activity_lines": [ 107.858664, 107.841453, 107.756428, 107.426322 ] }, { "date": "2024-08-16", "close": 107.839996, "volume": 0, "typical_volume": 873.1, "trend": 107.000332, "fair_value": 104.027394, "relative_strength": -3.282012, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.713085, "energy": 51.043051, "activity_lines": [ 107.850663, 107.85127, 107.788189, 107.486171 ] }, { "date": "2024-08-23", "close": 106.760002, "volume": 1068, "typical_volume": 926.5, "trend": 107.042666, "fair_value": 104.046774, "relative_strength": -5.703359, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -17.195216, "energy": 23.934237, "activity_lines": [ 107.479998, 107.665089, 107.708951, 107.470666 ] }, { "date": "2024-08-30", "close": 106.760002, "volume": 0, "typical_volume": 926.5, "trend": 107.084999, "fair_value": 104.065882, "relative_strength": -7.413858, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -31.082753, "energy": 46.020877, "activity_lines": [ 107.192, 107.488362, 107.626713, 107.452429 ] }, { "date": "2024-09-06", "close": 106.760002, "volume": 0, "typical_volume": 926.5, "trend": 107.131333, "fair_value": 104.084722, "relative_strength": -4.144061, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.969449, "energy": 60.492047, "activity_lines": [ 106.976001, 107.32109, 107.541476, 107.431462 ] }, { "date": "2024-09-13", "close": 106.269997, "volume": 4206, "typical_volume": 660.45, "trend": 107.148332, "fair_value": 104.099897, "relative_strength": -5.136347, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.236431, "energy": 80.035847, "activity_lines": [ 106.668667, 107.088363, 107.406571, 107.375892 ] }, { "date": "2024-09-20", "close": 106.269997, "volume": 0, "typical_volume": 655.75, "trend": 107.160999, "fair_value": 104.114863, "relative_strength": -5.414716, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.525517, "energy": 84.454241, "activity_lines": [ 106.465999, 106.888181, 107.280094, 107.319225 ] }, { "date": "2024-09-27", "close": 107.139999, "volume": 4542, "typical_volume": 882.85, "trend": 107.202666, "fair_value": 104.135584, "relative_strength": -6.951885, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.447765, "energy": 72.352488, "activity_lines": [ 106.657999, 106.873999, 107.24457, 107.31787 ] }, { "date": "2024-10-04", "close": 107.25, "volume": 1061, "typical_volume": 935.9, "trend": 107.247999, "fair_value": 104.15677, "relative_strength": -3.389172, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.055157, "energy": 43.786309, "activity_lines": [ 106.861332, 106.895454, 107.223475, 107.320924 ] }, { "date": "2024-10-11", "close": 107.25, "volume": 0, "typical_volume": 933.4, "trend": 107.285332, "fair_value": 104.17767, "relative_strength": -5.07373, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.493732, "energy": 18.871719, "activity_lines": [ 107.031999, 106.927636, 107.205809, 107.321053 ] }, { "date": "2024-10-18", "close": 107.25, "volume": 0, "typical_volume": 933.4, "trend": 107.322666, "fair_value": 104.19829, "relative_strength": -7.037316, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -31.72036, "energy": 38.270098, "activity_lines": [ 107.17, 106.970545, 107.191237, 107.318773 ] }, { "date": "2024-10-25", "close": 107.25, "volume": 0, "typical_volume": 678.15, "trend": 107.359999, "fair_value": 104.218635, "relative_strength": -5.450516, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.684349, "energy": 35.881056, "activity_lines": [ 107.242667, 107.024181, 107.179761, 107.314085 ] }, { "date": "2024-11-01", "close": 107.25, "volume": 0, "typical_volume": 675.6, "trend": 107.397333, "fair_value": 104.23871, "relative_strength": -4.845135, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.218715, "energy": 29.755891, "activity_lines": [ 107.25, 107.088545, 107.17119, 107.306989 ] }, { "date": "2024-11-08", "close": 109.160004, "volume": 92, "typical_volume": 680.2, "trend": 107.498333, "fair_value": 104.271087, "relative_strength": -0.405026, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 50.897944, "energy": 49.530035, "activity_lines": [ 107.886668, 107.491273, 107.344666, 107.420709 ] }, { "date": "2024-11-15", "close": 109.160004, "volume": 0, "typical_volume": 627.85, "trend": 107.599333, "fair_value": 104.303041, "relative_strength": -1.278445, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.170789, "energy": 79.760695, "activity_lines": [ 108.396002, 107.850365, 107.509191, 107.527914 ] }, { "date": "2024-11-22", "close": 109.32, "volume": 5092, "typical_volume": 882.45, "trend": 107.642, "fair_value": 104.335618, "relative_strength": 1.109423, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 63.322758, "energy": 87.066667, "activity_lines": [ 108.831335, 108.19491, 107.683715, 107.638925 ] }, { "date": "2024-11-29", "close": 108.529999, "volume": 10431, "typical_volume": 1395.0, "trend": 107.660666, "fair_value": 104.362679, "relative_strength": 0.767999, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 65.819245, "energy": 87.880136, "activity_lines": [ 108.865334, 108.340365, 107.777, 107.696215 ] }, { "date": "2024-12-06", "close": 108.709999, "volume": 15239, "typical_volume": 2095.55, "trend": 107.685333, "fair_value": 104.390546, "relative_strength": -2.770696, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.820349, "energy": 84.246816, "activity_lines": [ 108.874, 108.477455, 107.883953, 107.763914 ] }, { "date": "2024-12-13", "close": 108.769997, "volume": 196, "typical_volume": 2096.35, "trend": 107.712, "fair_value": 104.452414, "relative_strength": -2.926471, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.004073, "energy": 65.581206, "activity_lines": [ 108.805332, 108.596909, 107.993238, 107.833892 ] }, { "date": "2024-12-20", "close": 109.160004, "volume": 1612, "typical_volume": 2176.95, "trend": 107.754, "fair_value": 104.511885, "relative_strength": 0.778848, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.465521, "energy": 60.940147, "activity_lines": [ 108.892667, 108.759637, 108.135238, 107.927312 ] }, { "date": "2024-12-27", "close": 109.160004, "volume": 0, "typical_volume": 2176.95, "trend": 107.796, "fair_value": 104.563998, "relative_strength": -0.247911, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.589068, "energy": 65.691628, "activity_lines": [ 108.980002, 108.887638, 108.270953, 108.018022 ] }, { "date": "2025-01-03", "close": 109.160004, "volume": 0, "typical_volume": 2176.95, "trend": 107.839333, "fair_value": 104.621368, "relative_strength": -0.020279, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.641919, "energy": 74.79991, "activity_lines": [ 109.078003, 108.980911, 108.400382, 108.106022 ] }, { "date": "2025-01-10", "close": 109.989998, "volume": 1498, "typical_volume": 2198.45, "trend": 107.929666, "fair_value": 104.685664, "relative_strength": -1.857164, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.131714, "energy": 88.223485, "activity_lines": [ 109.410668, 109.190365, 108.602572, 108.244775 ] }, { "date": "2025-01-17", "close": 110.0, "volume": 4888, "typical_volume": 2442.85, "trend": 108.020333, "fair_value": 104.751789, "relative_strength": -4.783528, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.17102, "energy": 88.113528, "activity_lines": [ 109.661334, 109.351819, 108.790334, 108.378344 ] }, { "date": "2025-01-24", "close": 109.949997, "volume": 1234, "typical_volume": 2504.55, "trend": 108.083333, "fair_value": 104.811814, "relative_strength": -4.399452, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.610699, "energy": 73.254808, "activity_lines": [ 109.813333, 109.488909, 108.957905, 108.502839 ] }, { "date": "2025-01-31", "close": 110.099998, "volume": 321, "typical_volume": 2310.3, "trend": 108.151333, "fair_value": 104.875573, "relative_strength": -4.740821, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.319023, "energy": 68.664043, "activity_lines": [ 109.962665, 109.638909, 109.124572, 108.632946 ] }, { "date": "2025-02-07", "close": 110.339996, "volume": 43, "typical_volume": 2312.45, "trend": 108.236, "fair_value": 104.943377, "relative_strength": -5.806591, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.028518, "energy": 86.751376, "activity_lines": [ 110.129331, 109.818363, 109.295857, 108.77415 ] }, { "date": "2025-02-14", "close": 110.599998, "volume": 282, "typical_volume": 2099.45, "trend": 108.322666, "fair_value": 105.012847, "relative_strength": -7.640405, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.401456, "energy": 81.747086, "activity_lines": [ 110.303997, 110.012181, 109.472523, 108.926666 ] }, { "date": "2025-02-21", "close": 110.519997, "volume": 727, "typical_volume": 2082.75, "trend": 108.412, "fair_value": 105.081805, "relative_strength": -8.569737, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.964433, "energy": 78.588285, "activity_lines": [ 110.411331, 110.157089, 109.625095, 109.06843 ] }, { "date": "2025-02-28", "close": 110.190002, "volume": 4, "typical_volume": 2082.95, "trend": 108.490333, "fair_value": 105.148647, "relative_strength": -9.192175, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.011306, "energy": 73.621711, "activity_lines": [ 110.373999, 110.210181, 109.730666, 109.18314 ] }, { "date": "2025-03-07", "close": 109.519997, "volume": 748, "typical_volume": 2120.35, "trend": 108.546333, "fair_value": 105.187041, "relative_strength": -9.415005, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.634351, "energy": 57.118691, "activity_lines": [ 110.097332, 110.122726, 109.758428, 109.249569 ] }, { "date": "2025-03-14", "close": 109.559998, "volume": 788, "typical_volume": 2159.75, "trend": 108.603666, "fair_value": 105.224742, "relative_strength": -9.364423, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.884983, "energy": 37.885305, "activity_lines": [ 109.872665, 110.035998, 109.77919, 109.314967 ] }, { "date": "2025-03-21", "close": 109.580002, "volume": 167, "typical_volume": 2168.1, "trend": 108.697666, "fair_value": 105.253505, "relative_strength": -10.076131, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.100856, "energy": 34.040369, "activity_lines": [ 109.706666, 109.945635, 109.790856, 109.377957 ] }, { "date": "2025-03-28", "close": 110.400002, "volume": 415, "typical_volume": 2184.25, "trend": 108.819, "fair_value": 105.294561, "relative_strength": -8.593625, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.575157, "energy": 33.281162, "activity_lines": [ 109.882001, 110.011818, 109.869523, 109.487785 ] }, { "date": "2025-04-04", "close": 109.040001, "volume": 3102, "typical_volume": 2339.35, "trend": 108.895, "fair_value": 105.3269, "relative_strength": 0.920616, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.640171, "energy": 14.676929, "activity_lines": [ 109.612001, 109.823454, 109.812761, 109.502043 ] }, { "date": "2025-04-11", "close": 109.0, "volume": 365, "typical_volume": 2103.0, "trend": 108.986, "fair_value": 105.359172, "relative_strength": 2.686718, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.777936, "energy": 17.831663, "activity_lines": [ 109.405334, 109.644364, 109.752762, 109.508817 ] }, { "date": "2025-04-18", "close": 109.080002, "volume": 882, "typical_volume": 1625.55, "trend": 109.079667, "fair_value": 105.382258, "relative_strength": -2.75487, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.754861, "energy": 19.841427, "activity_lines": [ 109.260001, 109.499819, 109.701905, 109.514882 ] }, { "date": "2025-04-25", "close": 110.220001, "volume": 37, "typical_volume": 865.45, "trend": 109.182333, "fair_value": 105.412651, "relative_strength": -5.218868, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.228381, "energy": 21.661162, "activity_lines": [ 109.526668, 109.585455, 109.757, 109.588452 ] }, { "date": "2025-05-02", "close": 109.900002, "volume": 25, "typical_volume": 856.9, "trend": 109.270667, "fair_value": 105.448727, "relative_strength": -7.714791, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.281582, "energy": 13.353762, "activity_lines": [ 109.644001, 109.619819, 109.774429, 109.634753 ] }, { "date": "2025-05-09", "close": 110.360001, "volume": 54, "typical_volume": 779.0, "trend": 109.374334, "fair_value": 105.494282, "relative_strength": -9.606552, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.313541, "energy": 31.392437, "activity_lines": [ 109.948001, 109.749092, 109.830286, 109.705032 ] }, { "date": "2025-05-16", "close": 110.739998, "volume": 12646, "typical_volume": 1411.3, "trend": 109.490667, "fair_value": 105.543983, "relative_strength": -11.986335, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 70.599166, "energy": 50.567012, "activity_lines": [ 110.290667, 109.944364, 109.916619, 109.79314 ] }, { "date": "2025-05-23", "close": 110.830002, "volume": 5053, "typical_volume": 1663.95, "trend": 109.61, "fair_value": 105.594262, "relative_strength": -9.098319, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.994561, "energy": 72.133259, "activity_lines": [ 110.547334, 110.133819, 110.004, 109.879549 ] }, { "date": "2025-05-30", "close": 110.669998, "volume": 5342, "typical_volume": 1856.15, "trend": 109.724, "fair_value": 105.643515, "relative_strength": -10.410319, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.41056, "energy": 72.07551, "activity_lines": [ 110.634, 110.271091, 110.068191, 109.947935 ] }, { "date": "2025-06-06", "close": 110.519997, "volume": 9206, "typical_volume": 2072.05, "trend": 109.769333, "fair_value": 105.691807, "relative_strength": -11.451108, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.788986, "energy": 67.053196, "activity_lines": [ 110.640665, 110.361272, 110.114857, 109.99929 ] }, { "date": "2025-06-13", "close": 110.389999, "volume": 3329, "typical_volume": 2176.8, "trend": 109.810333, "fair_value": 105.728742, "relative_strength": -8.669911, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.418953, "energy": 42.744513, "activity_lines": [ 110.562665, 110.425636, 110.146666, 110.039333 ] }, { "date": "2025-06-20", "close": 110.860001, "volume": 12111, "typical_volume": 2766.3, "trend": 109.861666, "fair_value": 105.784982, "relative_strength": -7.565709, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.363757, "energy": 40.41958, "activity_lines": [ 110.639333, 110.550909, 110.221143, 110.107054 ] }, { "date": "2025-06-27", "close": 110.550003, "volume": 1448, "typical_volume": 2836.55, "trend": 109.929, "fair_value": 105.846144, "relative_strength": -8.735159, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.384528, "energy": 33.388558, "activity_lines": [ 110.604667, 110.586, 110.262476, 110.151462 ] }, { "date": "2025-07-04", "close": 110.910004, "volume": 4584, "typical_volume": 3051.65, "trend": 110.002333, "fair_value": 105.90418, "relative_strength": -7.93984, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.868304, "energy": 39.262532, "activity_lines": [ 110.708669, 110.659819, 110.337096, 110.214753 ] }, { "date": "2025-07-11", "close": 111.309998, "volume": 187, "typical_volume": 3024.65, "trend": 110.087, "fair_value": 105.970087, "relative_strength": -8.462217, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.362865, "energy": 60.944105, "activity_lines": [ 110.930001, 110.793819, 110.448334, 110.299118 ] }, { "date": "2025-07-18", "close": 111.870003, "volume": 139, "typical_volume": 3031.4, "trend": 110.177333, "fair_value": 106.033702, "relative_strength": -8.31412, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.728219, "energy": 80.377654, "activity_lines": [ 111.285335, 111.004001, 110.609144, 110.414151 ] }, { "date": "2025-07-25", "close": 111.760002, "volume": 102, "typical_volume": 2999.1, "trend": 110.264, "fair_value": 106.096612, "relative_strength": -9.078202, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.5089, "energy": 87.268854, "activity_lines": [ 111.505335, 111.166728, 110.751477, 110.516259 ] }, { "date": "2025-08-01", "close": 110.82, "volume": 117, "typical_volume": 2965.55, "trend": 110.319333, "fair_value": 106.153496, "relative_strength": -7.726629, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.622549, "energy": 74.655906, "activity_lines": [ 111.352001, 111.140001, 110.79362, 110.552129 ] }, { "date": "2025-08-08", "close": 111.300003, "volume": 4824, "typical_volume": 3198.4, "trend": 110.363, "fair_value": 106.208279, "relative_strength": -10.658647, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.300305, "energy": 64.399871, "activity_lines": [ 111.340668, 111.200729, 110.875477, 110.615399 ] }, { "date": "2025-08-15", "close": 111.339996, "volume": 13, "typical_volume": 3178.3, "trend": 110.407667, "fair_value": 106.263319, "relative_strength": -12.416947, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.428036, "energy": 45.314129, "activity_lines": [ 111.316667, 111.257273, 110.952953, 110.678431 ] }, { "date": "2025-08-22", "close": 111.669998, "volume": 1594, "typical_volume": 3102.9, "trend": 110.465, "fair_value": 106.310821, "relative_strength": -13.154868, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.272071, "energy": 44.236553, "activity_lines": [ 111.400666, 111.358909, 111.057381, 110.759871 ] }, { "date": "2025-08-29", "close": 112.239998, "volume": 410, "typical_volume": 3105.15, "trend": 110.536333, "fair_value": 106.361978, "relative_strength": -10.147567, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.457853, "energy": 59.417903, "activity_lines": [ 111.687998, 111.540909, 111.203571, 110.874387 ] }, { "date": "2025-09-05", "close": 111.419998, "volume": 934, "typical_volume": 3107.75, "trend": 110.572333, "fair_value": 106.407878, "relative_strength": -9.231569, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.243431, "energy": 48.228087, "activity_lines": [ 111.669998, 111.548726, 111.256238, 110.931398 ] }, { "date": "2025-09-12", "close": 111.309998, "volume": 146, "typical_volume": 3113.2, "trend": 110.596, "fair_value": 106.453072, "relative_strength": -11.04262, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.187106, "energy": 43.497223, "activity_lines": [ 111.575331, 111.520726, 111.287285, 110.978989 ] }, { "date": "2025-09-19", "close": 111.510002, "volume": 200, "typical_volume": 3121.95, "trend": 110.629, "fair_value": 106.499549, "relative_strength": -10.046392, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.111688, "energy": 39.071579, "activity_lines": [ 111.546666, 111.521817, 111.33219, 111.037957 ] }, { "date": "2025-09-26", "close": 111.550003, "volume": 2922, "typical_volume": 3265.35, "trend": 110.674334, "fair_value": 106.546283, "relative_strength": -10.442899, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.248721, "energy": 25.217435, "activity_lines": [ 111.520001, 111.526545, 111.373238, 111.097377 ] }, { "date": "2025-10-03", "close": 111.080002, "volume": 9773, "typical_volume": 3121.7, "trend": 110.726334, "fair_value": 106.590003, "relative_strength": -11.718814, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.610737, "energy": 18.200405, "activity_lines": [ 111.344668, 111.451637, 111.363857, 111.123549 ] }, { "date": "2025-10-10", "close": 111.120003, "volume": 7989, "typical_volume": 3268.5, "trend": 110.778334, "fair_value": 106.63398, "relative_strength": -8.854375, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.513844, "energy": 16.14465, "activity_lines": [ 111.260002, 111.396364, 111.356667, 111.148947 ] }, { "date": "2025-10-17", "close": 110.639999, "volume": 2565, "typical_volume": 3129.65, "trend": 110.813667, "fair_value": 106.67488, "relative_strength": -8.3766, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.756526, "energy": 17.571215, "activity_lines": [ 111.035335, 111.248364, 111.302381, 111.140022 ] }, { "date": "2025-10-24", "close": 110.715698, "volume": 2042, "typical_volume": 2771.45, "trend": 110.82419, "fair_value": 106.716265, "relative_strength": -9.599627, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.332216, "energy": 22.654382, "activity_lines": [ 110.880567, 111.126128, 111.255448, 111.133701 ] }, { "date": "2025-10-31", "close": 110.879997, "volume": 11220, "typical_volume": 3166.0, "trend": 110.885524, "fair_value": 106.763881, "relative_strength": -10.59516, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.938878, "energy": 35.245723, "activity_lines": [ 110.833519, 111.045114, 111.22323, 111.137302 ] }, { "date": "2025-11-07", "close": 110.790001, "volume": 9284, "typical_volume": 3024.65, "trend": 110.94519, "fair_value": 106.810921, "relative_strength": -9.74212, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.312226, "energy": 42.048519, "activity_lines": [ 110.801139, 110.962102, 111.180108, 111.131139 ] }, { "date": "2025-11-14", "close": 110.849998, "volume": 4553, "typical_volume": 3179.9, "trend": 111.00419, "fair_value": 106.858344, "relative_strength": -11.503521, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.477744, "energy": 31.925303, "activity_lines": [ 110.808092, 110.916361, 111.143033, 111.124998 ] }, { "date": "2025-11-21", "close": 110.400002, "volume": 8534, "typical_volume": 3377.4, "trend": 111.01019, "fair_value": 106.902884, "relative_strength": -8.691965, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.466228, "energy": 40.28228, "activity_lines": [ 110.683046, 110.799167, 111.061672, 111.086018 ] }, { "date": "2025-11-28", "close": 110.510002, "volume": 1540, "typical_volume": 3445.05, "trend": 111.030523, "fair_value": 106.948128, "relative_strength": -9.637433, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.434463, "energy": 40.2555, "activity_lines": [ 110.610667, 110.718518, 110.993217, 111.053747 ] }, { "date": "2025-12-05", "close": 110.800003, "volume": 7280, "typical_volume": 3802.1, "trend": 111.04519, "fair_value": 106.995232, "relative_strength": -9.201468, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -56.236354, "energy": 45.015294, "activity_lines": [ 110.648668, 110.708779, 110.95619, 111.038875 ] }, { "date": "2025-12-12", "close": 110.75, "volume": 5669, "typical_volume": 4080.45, "trend": 111.045524, "fair_value": 107.042015, "relative_strength": -9.055045, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.438005, "energy": 43.704026, "activity_lines": [ 110.675335, 110.703584, 110.919496, 111.019831 ] }, { "date": "2025-12-19", "close": 110.57, "volume": 489, "typical_volume": 4099.05, "trend": 111.036857, "fair_value": 107.087644, "relative_strength": -11.261544, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.750795, "energy": 35.456696, "activity_lines": [ 110.644668, 110.671662, 110.870469, 110.989152 ] }, { "date": "2025-12-26", "close": 110.559998, "volume": 192, "typical_volume": 3867.45, "trend": 111.03319, "fair_value": 107.133209, "relative_strength": -10.526099, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.703377, "energy": 33.329593, "activity_lines": [ 110.629333, 110.647922, 110.82168, 110.958387 ] }, { "date": "2026-01-02", "close": 110.559998, "volume": 0, "typical_volume": 3866.8, "trend": 111.034524, "fair_value": 107.178774, "relative_strength": -11.57083, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.134512, "energy": 36.920343, "activity_lines": [ 110.603332, 110.625636, 110.776414, 110.927858 ] }, { "date": "2026-01-09", "close": 110.730003, "volume": 494, "typical_volume": 3811.8, "trend": 111.045857, "fair_value": 107.225429, "relative_strength": -11.663887, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.9737, "energy": 34.27634, "activity_lines": [ 110.630667, 110.637091, 110.751054, 110.908212 ] }, { "date": "2026-01-16", "close": 110.970001, "volume": 93, "typical_volume": 3795.95, "trend": 111.049524, "fair_value": 107.273622, "relative_strength": -11.249237, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.435419, "energy": 18.883639, "activity_lines": [ 110.742667, 110.69491, 110.753027, 110.903318 ] }, { "date": "2026-01-23", "close": 111.0, "volume": 370, "typical_volume": 3767.75, "trend": 111.064524, "fair_value": 107.322007, "relative_strength": -8.948438, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.633311, "energy": 16.477508, "activity_lines": [ 110.85, 110.754909, 110.763905, 110.900123 ] }, { "date": "2026-01-30", "close": 111.510002, "volume": 213, "typical_volume": 3771.1, "trend": 111.084524, "fair_value": 107.373662, "relative_strength": -9.562236, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 37.837162, "energy": 36.175002, "activity_lines": [ 111.098668, 110.90491, 110.825354, 110.928863 ] }, { "date": "2026-02-06", "close": 111.379997, "volume": 2113, "typical_volume": 3866.75, "trend": 111.086857, "fair_value": 107.424484, "relative_strength": -10.005454, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.529062, "energy": 50.869448, "activity_lines": [ 111.240667, 111.011091, 110.873469, 110.947926 ] }, { "date": "2026-02-13", "close": 110.82, "volume": 937, "typical_volume": 3767.5, "trend": 111.051857, "fair_value": 107.471715, "relative_strength": -9.273033, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.711659, "energy": 31.20657, "activity_lines": [ 111.141333, 110.999636, 110.868871, 110.930709 ] }, { "date": "2026-02-20", "close": 110.790001, "volume": 348, "typical_volume": 3296.25, "trend": 111.019523, "fair_value": 107.518755, "relative_strength": -11.017776, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 8.32126, "energy": 17.902506, "activity_lines": [ 111.026, 110.982364, 110.864891, 110.913815 ] }, { "date": "2026-02-27", "close": 110.860001, "volume": 533, "typical_volume": 2923.45, "trend": 111.020857, "fair_value": 107.566243, "relative_strength": -12.03434, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -24.396178, "energy": 12.73469, "activity_lines": [ 110.946, 110.977091, 110.868959, 110.903524 ] }, { "date": "2026-03-06", "close": 111.519997, "volume": 10595, "typical_volume": 3324.95, "trend": 111.02819, "fair_value": 107.617962, "relative_strength": -5.16866, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 37.195977, "energy": 17.108104, "activity_lines": [ 111.095333, 111.086545, 110.937122, 110.935726 ] }, { "date": "2026-03-13", "close": 111.849998, "volume": 18315, "typical_volume": 4138.6, "trend": 111.04519, "fair_value": 107.671796, "relative_strength": -5.029291, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 44.522191, "energy": 34.922328, "activity_lines": [ 111.353999, 111.238545, 111.032524, 110.988746 ] }, { "date": "2026-03-20", "close": 112.07, "volume": 6100, "typical_volume": 3882.6, "trend": 111.058523, "fair_value": 107.72704, "relative_strength": -1.427646, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.62917, "energy": 60.040086, "activity_lines": [ 111.654666, 111.40709, 111.143476, 111.054863 ] }, { "date": "2026-03-27", "close": 111.470001, "volume": 1419, "typical_volume": 3489.35, "trend": 111.032857, "fair_value": 107.778439, "relative_strength": -2.974381, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 55.672792, "energy": 63.220158, "activity_lines": [ 111.672, 111.442181, 111.191619, 111.08141 ] }, { "date": "2026-04-03", "close": 111.580002, "volume": 4742, "typical_volume": 3498.8, "trend": 111.03819, "fair_value": 107.830542, "relative_strength": -7.186974, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.648586, "energy": 55.083222, "activity_lines": [ 111.680667, 111.488182, 111.247, 111.11671 ] }, { "date": "2026-04-10", "close": 112.010002, "volume": 317, "typical_volume": 3087.95, "trend": 111.061524, "fair_value": 107.891667, "relative_strength": -10.154264, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.958583, "energy": 44.338596, "activity_lines": [ 111.784668, 111.601819, 111.339857, 111.179407 ] }, { "date": "2026-04-17", "close": 111.910004, "volume": 4670, "typical_volume": 3244.45, "trend": 111.074857, "fair_value": 107.952534, "relative_strength": -12.069977, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.611562, "energy": 36.323497, "activity_lines": [ 111.822669, 111.688183, 111.415524, 111.234148 ] }, { "date": "2026-04-24", "close": 112.720001, "volume": 5362, "typical_volume": 3148.55, "trend": 111.113857, "fair_value": 108.020127, "relative_strength": -8.784627, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.115195, "energy": 51.398904, "activity_lines": [ 112.126669, 111.912183, 111.561667, 111.340286 ] }, { "date": "2026-05-01", "close": 113.110001, "volume": 551, "typical_volume": 2892.65, "trend": 111.181524, "fair_value": 108.091307, "relative_strength": -9.236379, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.383486, "energy": 75.864215, "activity_lines": [ 112.517335, 112.172547, 111.73581, 111.46907 ] }, { "date": "2026-05-08", "close": 113.360001, "volume": 7851, "typical_volume": 3260.75, "trend": 111.25619, "fair_value": 108.16377, "relative_strength": -10.62758, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.116223, "energy": 79.621781, "activity_lines": [ 112.882001, 112.436183, 111.922525, 111.609616 ] }, { "date": "2026-05-15", "close": 114.050003, "volume": 3495, "typical_volume": 3425.9, "trend": 111.369857, "fair_value": 108.240657, "relative_strength": -9.493299, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.182259, "energy": 88.054683, "activity_lines": [ 113.358002, 112.77982, 112.161668, 111.789862 ] }, { "date": "2026-05-22", "close": 113.419998, "volume": 4005, "typical_volume": 3626.15, "trend": 111.46, "fair_value": 108.313504, "relative_strength": -10.364107, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.941927, "energy": 78.780909, "activity_lines": [ 113.488001, 112.96291, 112.324191, 111.92213 ] }, { "date": "2026-05-29", "close": 113.440002, "volume": 1060, "typical_volume": 3654.45, "trend": 111.545334, "fair_value": 108.38648, "relative_strength": -10.960008, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.760814, "energy": 66.58293, "activity_lines": [ 113.524001, 113.121092, 112.475001, 112.049872 ] }, { "date": "2026-06-05", "close": 113.330002, "volume": 0, "typical_volume": 3649.8, "trend": 111.630001, "fair_value": 108.458751, "relative_strength": -10.484986, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.540191, "energy": 53.804298, "activity_lines": [ 113.475335, 113.234365, 112.60243, 112.165012 ] }, { "date": "2026-06-12", "close": 112.989998, "volume": 301, "typical_volume": 3646.35, "trend": 111.701334, "fair_value": 108.528843, "relative_strength": -13.13513, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.661386, "energy": 43.713118, "activity_lines": [ 113.298667, 113.252001, 112.686239, 112.252753 ] }, { "date": "2026-06-19", "close": 112.779999, "volume": 13, "typical_volume": 3636.35, "trend": 111.780667, "fair_value": 108.592921, "relative_strength": -15.067294, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.946134, "energy": 32.982945, "activity_lines": [ 113.076666, 113.205819, 112.740572, 112.322345 ] }, { "date": "2026-06-26", "close": 112.360001, "volume": 4, "typical_volume": 3530.9, "trend": 111.842334, "fair_value": 108.654308, "relative_strength": -12.373426, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.820415, "energy": 23.948669, "activity_lines": [ 112.799333, 113.069273, 112.748858, 112.359721 ] }, { "date": "2026-07-03", "close": 113.019997, "volume": 59, "typical_volume": 3487.0, "trend": 111.916334, "fair_value": 108.71545, "relative_strength": -14.015989, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.631059, "energy": 24.339339, "activity_lines": [ 112.812666, 113.044545, 112.815334, 112.435699 ] }, { "date": "2026-07-10", "close": 113.190002, "volume": 3415, "typical_volume": 3640.35, "trend": 111.997667, "fair_value": 108.778577, "relative_strength": -13.130892, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.370015, "energy": 23.142121, "activity_lines": [ 112.910666, 113.045273, 112.887524, 112.517871 ] }, { "date": "2026-07-17", "close": 113.160004, "volume": 442, "typical_volume": 3635.8, "trend": 112.084, "fair_value": 108.837805, "relative_strength": -11.520491, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.560329, "energy": 24.161868, "activity_lines": [ 113.008001, 113.039092, 112.945429, 112.592861 ] }, { "date": "2026-07-24", "close": 113.449997, "volume": 8413, "typical_volume": 3526.7, "trend": 112.180334, "fair_value": 108.898891, "relative_strength": -10.77103, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.544893, "energy": 41.513113, "activity_lines": [ 113.190667, 113.089273, 113.02, 112.68099 ] }, { "date": "2026-07-31", "close": 113.620003, "volume": 4947, "typical_volume": 2858.3, "trend": 112.282334, "fair_value": 108.961067, "relative_strength": -10.856009, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.401653, "energy": 45.643501, "activity_lines": [ 113.385334, 113.181273, 113.101572, 112.773872 ] }, { "date": "2026-08-07", "close": 113.349998, "volume": 3727, "typical_volume": 2739.65, "trend": 112.369667, "fair_value": 109.022854, "relative_strength": -13.238982, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.008088, "energy": 49.376374, "activity_lines": [ 113.406, 113.220546, 113.149, 112.842753 ] } ], "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." } } }