{ "ticker": { "uuid": "a8c3f305-dd9b-471b-a332-0d6998125c80", "symbol": "CBSUSA", "name": "UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF USD acc", "exchange": "EBS", "country": "CH", "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": "^SSMI", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 67.442, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 41.9, "architecture_energy": 33.694, "architecture_maturity": 58.205, "architecture_confidence": 75.088, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 39.64, "rotation_up": 26.69, "upward_expansion": 61.81, "deceleration": 93.99, "rotation_down": 27.51, "downward_expansion": 18.81 }, "activity_lines": [ 17.035167, 17.074619, 16.961179, 16.882391 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 17.0495, "trend_reference": 16.796533, "distance_from_trend": 0.015061, "trend_direction": "Improving", "fair_value": 16.962821, "distance_from_fair_value": 0.00511, "fair_value_direction": "Improving", "relative_strength": -9.243342, "relative_strength_direction": "Weakening", "price_momentum": 0.031116, "excess_performance": -0.051768, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.015061, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.002772, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.00511, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.024899, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.092433, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.04344, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.031116, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.0, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 1.0, "dry_up": 1.5, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.007397, "annualized_volatility": 0.049344, "from_high_reference": -0.200552, "from_low_reference": 0.04374 }, "levels": { "trend_reference": 16.796533, "fair_value_reference": 16.962821, "structural_low": 16.3825, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 7, "median_return": -0.006529, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": 0.014521, "regime_survival": 0.142857, "best_return": 0.010372, "worst_return": -0.084041, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.03569, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": 0.012149, "regime_survival": 0.25, "best_return": -0.002405, "worst_return": -0.068516, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.060614, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": 0.023416, "regime_survival": 0.0, "best_return": 0.024514, "worst_return": -0.06173, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.083726, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.02406, "regime_survival": 0.0, "best_return": -0.058524, "worst_return": -0.108929, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.021101, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-11", "end": "2025-04-18", "tenure": "New", "return": 0.027312, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-30", "tenure": "Developing", "return": -0.002547, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-06-06", "end": "2025-06-13", "tenure": "New", "return": -0.009172, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-20", "end": "2025-08-22", "tenure": "Developing", "return": 0.00701, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-29", "end": "2025-10-17", "tenure": "Developing", "return": 0.014671, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-24", "end": "2025-11-21", "tenure": "Developing", "return": -0.201303, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2026-01-23", "tenure": "Developing", "return": -0.022975, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-30", "end": "2026-04-17", "tenure": "Developing", "return": 0.020146, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-01", "tenure": "New", "return": -0.008432, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-08", "end": "2026-06-05", "tenure": "Developing", "return": 0.015563, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-12", "end": "2026-06-26", "tenure": "New", "return": 0.021508, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-03", "end": "2026-07-31", "tenure": "Developing", "return": -0.01151, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 15.9855, "volume": 0, "typical_volume": 0.0, "trend": 16.598317, "fair_value": 18.443035, "relative_strength": -3.293084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.870081, "energy": 93.148835, "activity_lines": [ 16.0208, 16.116818, 16.298162, 16.427304 ] }, { "date": "2023-08-25", "close": 16.004499, "volume": 0, "typical_volume": 0.0, "trend": 16.561, "fair_value": 18.419474, "relative_strength": -4.011601, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.463028, "energy": 81.809189, "activity_lines": [ 16.012699, 16.075554, 16.257283, 16.388993 ] }, { "date": "2023-09-01", "close": 16.1555, "volume": 0, "typical_volume": 0.0, "trend": 16.52745, "fair_value": 18.395394, "relative_strength": -3.929146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.273795, "energy": 68.088199, "activity_lines": [ 16.057333, 16.072145, 16.235671, 16.362832 ] }, { "date": "2023-09-08", "close": 16.199499, "volume": 0, "typical_volume": 0.0, "trend": 16.502433, "fair_value": 18.372378, "relative_strength": -2.371529, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.610281, "energy": 61.260765, "activity_lines": [ 16.109333, 16.083918, 16.22045, 16.341674 ] }, { "date": "2023-09-15", "close": 16.199499, "volume": 0, "typical_volume": 0.0, "trend": 16.481683, "fair_value": 18.349234, "relative_strength": -4.322789, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.438409, "energy": 46.732056, "activity_lines": [ 16.150433, 16.102072, 16.2072, 16.32213 ] }, { "date": "2023-09-22", "close": 16.370501, "volume": 0, "typical_volume": 0.0, "trend": 16.467633, "fair_value": 18.325981, "relative_strength": -1.439361, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.716522, "energy": 41.139488, "activity_lines": [ 16.237633, 16.154981, 16.212212, 16.314957 ] }, { "date": "2023-09-29", "close": 16.409, "volume": 0, "typical_volume": 0.0, "trend": 16.453267, "fair_value": 18.303013, "relative_strength": -0.550178, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 6.695043, "energy": 35.894476, "activity_lines": [ 16.312, 16.209827, 16.221805, 16.311174 ] }, { "date": "2023-10-06", "close": 16.1215, "volume": 0, "typical_volume": 0.0, "trend": 16.43105, "fair_value": 18.278907, "relative_strength": -0.92469, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.45577, "energy": 35.413312, "activity_lines": [ 16.263567, 16.2057, 16.204855, 16.28977 ] }, { "date": "2023-10-13", "close": 16.1215, "volume": 0, "typical_volume": 0.0, "trend": 16.4056, "fair_value": 18.254788, "relative_strength": -1.271261, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.697651, "energy": 35.906756, "activity_lines": [ 16.2174, 16.2002, 16.189681, 16.269799 ] }, { "date": "2023-10-20", "close": 15.624, "volume": 0, "typical_volume": 0.0, "trend": 16.360916, "fair_value": 18.228776, "relative_strength": 0.92255, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.849378, "energy": 73.342792, "activity_lines": [ 16.0106, 16.102691, 16.128902, 16.219373 ] }, { "date": "2023-10-27", "close": 15.7985, "volume": 0, "typical_volume": 0.0, "trend": 16.322616, "fair_value": 18.203625, "relative_strength": 2.361343, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.084886, "energy": 93.433494, "activity_lines": [ 15.900333, 16.0444, 16.090033, 16.183088 ] }, { "date": "2023-11-03", "close": 16.137501, "volume": 0, "typical_volume": 0.0, "trend": 16.29285, "fair_value": 18.179891, "relative_strength": 2.106705, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.136009, "energy": 78.845816, "activity_lines": [ 15.9412, 16.051146, 16.087326, 16.171145 ] }, { "date": "2023-11-10", "close": 16.2535, "volume": 0, "typical_volume": 0.0, "trend": 16.280717, "fair_value": 18.156042, "relative_strength": 3.034945, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.298992, "energy": 43.199743, "activity_lines": [ 16.038834, 16.076564, 16.097757, 16.168606 ] }, { "date": "2023-11-17", "close": 16.193501, "volume": 0, "typical_volume": 0.0, "trend": 16.266717, "fair_value": 18.131417, "relative_strength": 0.940003, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.456717, "energy": 14.178292, "activity_lines": [ 16.107667, 16.089291, 16.103888, 16.16298 ] }, { "date": "2023-11-24", "close": 16.271999, "volume": 0, "typical_volume": 0.0, "trend": 16.2553, "fair_value": 18.107006, "relative_strength": 0.141276, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.583902, "energy": 22.559158, "activity_lines": [ 16.197867, 16.1164, 16.119195, 16.16332 ] }, { "date": "2023-12-01", "close": 16.290501, "volume": 0, "typical_volume": 0.0, "trend": 16.246233, "fair_value": 18.085087, "relative_strength": 0.215723, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.484493, "energy": 34.883571, "activity_lines": [ 16.251034, 16.145555, 16.136879, 16.165591 ] }, { "date": "2023-12-08", "close": 16.5145, "volume": 0, "typical_volume": 0.0, "trend": 16.243883, "fair_value": 18.065333, "relative_strength": -0.01828, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.262336, "energy": 54.35827, "activity_lines": [ 16.346067, 16.216891, 16.17495, 16.182899 ] }, { "date": "2023-12-15", "close": 16.724001, "volume": 0, "typical_volume": 0.0, "trend": 16.251533, "fair_value": 18.046923, "relative_strength": 0.283388, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 64.527281, "energy": 78.714011, "activity_lines": [ 16.4858, 16.3244, 16.230717, 16.213874 ] }, { "date": "2023-12-22", "close": 16.58, "volume": 0, "typical_volume": 0.0, "trend": 16.254383, "fair_value": 18.02759, "relative_strength": -0.145976, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 45.916058, "energy": 75.217367, "activity_lines": [ 16.546167, 16.394773, 16.269541, 16.235066 ] }, { "date": "2023-12-29", "close": 16.405001, "volume": 0, "typical_volume": 0.0, "trend": 16.243383, "fair_value": 18.007096, "relative_strength": -0.97305, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 65.831966, "energy": 77.181343, "activity_lines": [ 16.522434, 16.424991, 16.289107, 16.244783 ] }, { "date": "2024-01-05", "close": 16.314501, "volume": 0, "typical_volume": 0.0, "trend": 16.23345, "fair_value": 17.987843, "relative_strength": -1.87075, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.45153, "energy": 59.202139, "activity_lines": [ 16.459667, 16.424555, 16.298298, 16.249371 ] }, { "date": "2024-01-12", "close": 16.431499, "volume": 0, "typical_volume": 0.0, "trend": 16.228617, "fair_value": 17.969276, "relative_strength": -1.451944, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.203475, "energy": 33.452277, "activity_lines": [ 16.4343, 16.436009, 16.317065, 16.262149 ] }, { "date": "2024-01-19", "close": 16.568001, "volume": 0, "typical_volume": 0.0, "trend": 16.2292, "fair_value": 17.951506, "relative_strength": 0.082089, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.361316, "energy": 38.481324, "activity_lines": [ 16.459967, 16.466937, 16.346798, 16.284044 ] }, { "date": "2024-01-26", "close": 16.605, "volume": 0, "typical_volume": 0.0, "trend": 16.231017, "fair_value": 17.933974, "relative_strength": -1.736744, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.6349, "energy": 49.822554, "activity_lines": [ 16.508367, 16.498873, 16.378091, 16.308289 ] }, { "date": "2024-02-02", "close": 16.688999, "volume": 0, "typical_volume": 0.0, "trend": 16.240617, "fair_value": 17.916109, "relative_strength": 0.117764, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.121964, "energy": 86.543924, "activity_lines": [ 16.5831, 16.5386, 16.415453, 16.337837 ] }, { "date": "2024-02-09", "close": 16.688999, "volume": 0, "typical_volume": 0.0, "trend": 16.260517, "fair_value": 17.898962, "relative_strength": 1.47852, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.931176, "energy": 89.983809, "activity_lines": [ 16.638899, 16.570745, 16.450483, 16.366765 ] }, { "date": "2024-02-16", "close": 16.768499, "volume": 0, "typical_volume": 0.0, "trend": 16.284783, "fair_value": 17.883272, "relative_strength": 0.002874, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.929678, "energy": 92.714836, "activity_lines": [ 16.696233, 16.6101, 16.491569, 16.399538 ] }, { "date": "2024-02-23", "close": 16.768499, "volume": 0, "typical_volume": 0.0, "trend": 16.308867, "fair_value": 17.86843, "relative_strength": -1.561171, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.182967, "energy": 91.315249, "activity_lines": [ 16.731099, 16.644836, 16.530943, 16.430745 ] }, { "date": "2024-03-01", "close": 16.824499, "volume": 0, "typical_volume": 0.0, "trend": 16.33515, "fair_value": 17.852343, "relative_strength": -1.155257, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.121831, "energy": 91.267891, "activity_lines": [ 16.771266, 16.688945, 16.572569, 16.464012 ] }, { "date": "2024-03-08", "close": 16.916, "volume": 0, "typical_volume": 0.0, "trend": 16.364483, "fair_value": 17.836971, "relative_strength": -1.788496, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.057927, "energy": 94.955534, "activity_lines": [ 16.827299, 16.745245, 16.619562, 16.501486 ] }, { "date": "2024-03-15", "close": 16.916, "volume": 0, "typical_volume": 0.0, "trend": 16.3955, "fair_value": 17.822304, "relative_strength": -1.850944, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.695208, "energy": 93.94321, "activity_lines": [ 16.8682, 16.792254, 16.660402, 16.537068 ] }, { "date": "2024-03-22", "close": 17.239, "volume": 0, "typical_volume": 0.0, "trend": 16.43665, "fair_value": 17.808029, "relative_strength": 0.381826, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 99.057109, "energy": 99.462713, "activity_lines": [ 17.001633, 16.887054, 16.726683, 16.591487 ] }, { "date": "2024-03-29", "close": 17.3965, "volume": 0, "typical_volume": 0.0, "trend": 16.478017, "fair_value": 17.793622, "relative_strength": 0.677954, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 99.215623, "energy": 99.698207, "activity_lines": [ 17.1562, 16.995809, 16.802719, 16.653413 ] }, { "date": "2024-04-05", "close": 17.259501, "volume": 0, "typical_volume": 0.0, "trend": 16.51335, "fair_value": 17.779067, "relative_strength": 1.943993, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.14797, "energy": 92.670722, "activity_lines": [ 17.223234, 17.064591, 16.860264, 16.703831 ] }, { "date": "2024-04-12", "close": 17.266001, "volume": 0, "typical_volume": 0.0, "trend": 16.5489, "fair_value": 17.764965, "relative_strength": 2.953588, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.729789, "energy": 89.725193, "activity_lines": [ 17.263434, 17.122655, 16.913352, 16.752389 ] }, { "date": "2024-04-19", "close": 17.120501, "volume": 0, "typical_volume": 0.0, "trend": 16.5739, "fair_value": 17.750981, "relative_strength": 2.749277, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.626403, "energy": 86.793337, "activity_lines": [ 17.231801, 17.143773, 16.94785, 16.789267 ] }, { "date": "2024-04-26", "close": 17.202, "volume": 0, "typical_volume": 0.0, "trend": 16.600333, "fair_value": 17.738173, "relative_strength": 2.717032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.954781, "energy": 67.657427, "activity_lines": [ 17.213701, 17.171864, 16.986157, 16.829789 ] }, { "date": "2024-05-03", "close": 17.243, "volume": 549, "typical_volume": 27.45, "trend": 16.637717, "fair_value": 17.725756, "relative_strength": 3.484117, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.045961, "energy": 69.375202, "activity_lines": [ 17.211734, 17.199528, 17.025095, 16.871252 ] }, { "date": "2024-05-10", "close": 17.291, "volume": 0, "typical_volume": 27.45, "trend": 16.6767, "fair_value": 17.71475, "relative_strength": -0.520202, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.652743, "energy": 68.768162, "activity_lines": [ 17.236, 17.227291, 17.066133, 16.913399 ] }, { "date": "2024-05-17", "close": 17.422001, "volume": 0, "typical_volume": 27.45, "trend": 16.736633, "fair_value": 17.70484, "relative_strength": -2.161335, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.145215, "energy": 74.445096, "activity_lines": [ 17.301834, 17.270391, 17.116262, 16.961483 ] }, { "date": "2024-05-24", "close": 17.488001, "volume": 0, "typical_volume": 27.45, "trend": 16.79295, "fair_value": 17.695353, "relative_strength": -0.945599, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.071972, "energy": 74.398053, "activity_lines": [ 17.379267, 17.316291, 17.167834, 17.009958 ] }, { "date": "2024-05-31", "close": 17.278999, "volume": 0, "typical_volume": 27.45, "trend": 16.831, "fair_value": 17.684308, "relative_strength": -2.664836, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.026731, "energy": 65.876544, "activity_lines": [ 17.362533, 17.313791, 17.193912, 17.041316 ] }, { "date": "2024-06-07", "close": 17.258499, "volume": 0, "typical_volume": 27.45, "trend": 16.8645, "fair_value": 17.671708, "relative_strength": -4.710593, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.812222, "energy": 63.116076, "activity_lines": [ 17.333833, 17.306836, 17.214002, 17.068897 ] }, { "date": "2024-06-14", "close": 17.3335, "volume": 0, "typical_volume": 27.45, "trend": 16.9025, "fair_value": 17.65591, "relative_strength": -2.605335, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.827546, "energy": 54.175134, "activity_lines": [ 17.3291, 17.316027, 17.237948, 17.099155 ] }, { "date": "2024-06-21", "close": 17.3015, "volume": 793, "typical_volume": 67.1, "trend": 16.936817, "fair_value": 17.640074, "relative_strength": -2.484429, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.447775, "energy": 39.826445, "activity_lines": [ 17.310866, 17.318054, 17.255376, 17.124897 ] }, { "date": "2024-06-28", "close": 17.377501, "volume": 0, "typical_volume": 67.1, "trend": 16.97305, "fair_value": 17.623699, "relative_strength": -1.877158, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.131577, "energy": 46.180536, "activity_lines": [ 17.326, 17.333255, 17.277126, 17.153328 ] }, { "date": "2024-07-05", "close": 17.479, "volume": 2196, "typical_volume": 176.9, "trend": 17.0052, "fair_value": 17.60768, "relative_strength": -1.33801, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 79.647562, "energy": 61.411104, "activity_lines": [ 17.382334, 17.362236, 17.305264, 17.18597 ] }, { "date": "2024-07-12", "close": 17.508499, "volume": 0, "typical_volume": 176.9, "trend": 17.03135, "fair_value": 17.591913, "relative_strength": -4.000525, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.246293, "energy": 70.223308, "activity_lines": [ 17.435167, 17.391545, 17.332829, 17.218441 ] }, { "date": "2024-07-19", "close": 17.3515, "volume": 0, "typical_volume": 176.9, "trend": 17.057067, "fair_value": 17.574455, "relative_strength": -3.355442, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.292571, "energy": 54.337014, "activity_lines": [ 17.419, 17.387482, 17.341917, 17.239096 ] }, { "date": "2024-07-26", "close": 17.205, "volume": 0, "typical_volume": 176.9, "trend": 17.083733, "fair_value": 17.556846, "relative_strength": -4.688829, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.787332, "energy": 30.700519, "activity_lines": [ 17.3528, 17.355682, 17.334543, 17.24864 ] }, { "date": "2024-08-02", "close": 17.075001, "volume": 0, "typical_volume": 176.9, "trend": 17.109083, "fair_value": 17.538404, "relative_strength": -2.48499, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -6.982431, "energy": 12.886667, "activity_lines": [ 17.2497, 17.304191, 17.313412, 17.248076 ] }, { "date": "2024-08-09", "close": 17.112, "volume": 505, "typical_volume": 202.15, "trend": 17.131767, "fair_value": 17.520199, "relative_strength": -2.188371, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -7.484058, "energy": 26.131824, "activity_lines": [ 17.1791, 17.266936, 17.295048, 17.248265 ] }, { "date": "2024-08-16", "close": 17.341499, "volume": 549, "typical_volume": 229.6, "trend": 17.15755, "fair_value": 17.503439, "relative_strength": -3.436137, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.81378, "energy": 23.876818, "activity_lines": [ 17.209467, 17.274445, 17.299145, 17.261796 ] }, { "date": "2024-08-23", "close": 17.0895, "volume": 0, "typical_volume": 229.6, "trend": 17.1737, "fair_value": 17.485064, "relative_strength": -5.968626, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.487922, "energy": 30.232556, "activity_lines": [ 17.166967, 17.234627, 17.279505, 17.257405 ] }, { "date": "2024-08-30", "close": 17.032, "volume": 549, "typical_volume": 257.05, "trend": 17.185133, "fair_value": 17.466308, "relative_strength": -6.848067, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.409204, "energy": 44.826432, "activity_lines": [ 17.122767, 17.188791, 17.255198, 17.248263 ] }, { "date": "2024-09-06", "close": 17.083, "volume": 0, "typical_volume": 257.05, "trend": 17.198267, "fair_value": 17.447878, "relative_strength": -2.366233, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.256987, "energy": 33.297917, "activity_lines": [ 17.1071, 17.157127, 17.236862, 17.241674 ] }, { "date": "2024-09-13", "close": 17.2875, "volume": 0, "typical_volume": 257.05, "trend": 17.215567, "fair_value": 17.42892, "relative_strength": -2.243175, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.39956, "energy": 21.191078, "activity_lines": [ 17.159067, 17.168, 17.238181, 17.247431 ] }, { "date": "2024-09-20", "close": 17.308001, "volume": 357, "typical_volume": 247.45, "trend": 17.23355, "fair_value": 17.410061, "relative_strength": -1.234355, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.424049, "energy": 6.655506, "activity_lines": [ 17.206167, 17.186082, 17.241045, 17.253395 ] }, { "date": "2024-09-27", "close": 17.1705, "volume": 0, "typical_volume": 247.45, "trend": 17.245083, "fair_value": 17.390865, "relative_strength": -4.304691, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.842223, "energy": 8.937569, "activity_lines": [ 17.209667, 17.182809, 17.230505, 17.249327 ] }, { "date": "2024-10-04", "close": 17.344999, "volume": 0, "typical_volume": 247.45, "trend": 17.259383, "fair_value": 17.374487, "relative_strength": -1.368795, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.887513, "energy": 14.549467, "activity_lines": [ 17.265933, 17.214554, 17.237157, 17.255773 ] }, { "date": "2024-10-11", "close": 17.190001, "volume": 549, "typical_volume": 274.9, "trend": 17.268517, "fair_value": 17.357282, "relative_strength": -3.431729, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.592266, "energy": 17.423912, "activity_lines": [ 17.249667, 17.215573, 17.229414, 17.251297 ] }, { "date": "2024-10-18", "close": 17.4175, "volume": 2196, "typical_volume": 384.7, "trend": 17.274467, "fair_value": 17.342792, "relative_strength": -3.40075, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.878653, "energy": 17.971487, "activity_lines": [ 17.3021, 17.255864, 17.244757, 17.260909 ] }, { "date": "2024-10-25", "close": 17.258499, "volume": 2745, "typical_volume": 521.95, "trend": 17.269867, "fair_value": 17.326821, "relative_strength": -3.015934, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.535808, "energy": 12.694395, "activity_lines": [ 17.292866, 17.261691, 17.244298, 17.259878 ] }, { "date": "2024-11-01", "close": 17.1845, "volume": 549, "typical_volume": 549.4, "trend": 17.267367, "fair_value": 17.309824, "relative_strength": -1.566502, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.462717, "energy": 11.465397, "activity_lines": [ 17.262266, 17.255573, 17.23679, 17.254371 ] }, { "date": "2024-11-08", "close": 17.473499, "volume": 2196, "typical_volume": 619.55, "trend": 17.274283, "fair_value": 17.294244, "relative_strength": 1.605408, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.510461, "energy": 28.861267, "activity_lines": [ 17.327066, 17.300272, 17.257517, 17.26767 ] }, { "date": "2024-11-15", "close": 17.593, "volume": 0, "typical_volume": 619.55, "trend": 17.290033, "fair_value": 17.279468, "relative_strength": 3.795206, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 44.976122, "energy": 49.867086, "activity_lines": [ 17.423133, 17.358672, 17.288805, 17.288232 ] }, { "date": "2024-11-22", "close": 17.7195, "volume": 0, "typical_volume": 509.75, "trend": 17.307283, "fair_value": 17.265503, "relative_strength": 3.720466, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 82.294911, "energy": 78.879633, "activity_lines": [ 17.5345, 17.4308, 17.331114, 17.31594 ] }, { "date": "2024-11-29", "close": 17.715, "volume": 1098, "typical_volume": 564.65, "trend": 17.323017, "fair_value": 17.251433, "relative_strength": 3.260654, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.54544, "energy": 84.825921, "activity_lines": [ 17.624233, 17.494254, 17.37185, 17.342244 ] }, { "date": "2024-12-06", "close": 17.7185, "volume": 0, "typical_volume": 564.65, "trend": 17.337267, "fair_value": 17.236897, "relative_strength": 3.119909, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.235175, "energy": 83.806428, "activity_lines": [ 17.6847, 17.550945, 17.411936, 17.367759 ] }, { "date": "2024-12-13", "close": 17.812, "volume": 0, "typical_volume": 564.65, "trend": 17.350267, "fair_value": 17.222962, "relative_strength": 4.388695, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.910448, "energy": 89.394411, "activity_lines": [ 17.740733, 17.614673, 17.459178, 17.398387 ] }, { "date": "2024-12-20", "close": 17.598499, "volume": 2196, "typical_volume": 674.45, "trend": 17.35395, "fair_value": 17.207811, "relative_strength": 5.858762, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.245951, "energy": 71.124833, "activity_lines": [ 17.703033, 17.631091, 17.483197, 17.414402 ] }, { "date": "2024-12-27", "close": 17.803499, "volume": 3199, "typical_volume": 809.15, "trend": 17.371433, "fair_value": 17.195141, "relative_strength": 5.115323, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.74706, "energy": 58.638069, "activity_lines": [ 17.733299, 17.677354, 17.524247, 17.443405 ] }, { "date": "2025-01-03", "close": 17.841, "volume": 549, "typical_volume": 809.15, "trend": 17.39085, "fair_value": 17.184455, "relative_strength": 4.91706, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.274949, "energy": 59.626812, "activity_lines": [ 17.770466, 17.723418, 17.565576, 17.4737 ] }, { "date": "2025-01-10", "close": 17.834999, "volume": 4067, "typical_volume": 1012.5, "trend": 17.407567, "fair_value": 17.174897, "relative_strength": 3.322165, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.535736, "energy": 57.150221, "activity_lines": [ 17.797233, 17.7578, 17.603954, 17.502355 ] }, { "date": "2025-01-17", "close": 17.993, "volume": 2745, "typical_volume": 1122.3, "trend": 17.430617, "fair_value": 17.167032, "relative_strength": 2.493157, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.868408, "energy": 81.444796, "activity_lines": [ 17.8689, 17.809081, 17.653831, 17.540124 ] }, { "date": "2025-01-24", "close": 17.868, "volume": 2745, "typical_volume": 1259.55, "trend": 17.446966, "fair_value": 17.158032, "relative_strength": -0.674386, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.605315, "energy": 75.66625, "activity_lines": [ 17.886833, 17.828191, 17.687226, 17.568343 ] }, { "date": "2025-01-31", "close": 18.063499, "volume": 549, "typical_volume": 1287.0, "trend": 17.46645, "fair_value": 17.151978, "relative_strength": -1.991642, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.221154, "energy": 81.149161, "activity_lines": [ 17.951966, 17.877845, 17.735502, 17.608119 ] }, { "date": "2025-02-07", "close": 18.059999, "volume": 5326, "typical_volume": 1535.45, "trend": 17.484833, "fair_value": 17.147157, "relative_strength": -1.890457, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.924781, "energy": 83.676479, "activity_lines": [ 17.998599, 17.920609, 17.77975, 17.646413 ] }, { "date": "2025-02-14", "close": 17.981001, "volume": 6322, "typical_volume": 1851.55, "trend": 17.505816, "fair_value": 17.143035, "relative_strength": -4.091461, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.144074, "energy": 60.213246, "activity_lines": [ 18.0043, 17.942736, 17.812893, 17.678423 ] }, { "date": "2025-02-21", "close": 17.9855, "volume": 1000, "typical_volume": 1901.55, "trend": 17.531833, "fair_value": 17.139186, "relative_strength": -4.785794, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.017349, "energy": 60.004972, "activity_lines": [ 18.001767, 17.960909, 17.842604, 17.709371 ] }, { "date": "2025-02-28", "close": 18.158001, "volume": 1098, "typical_volume": 1929.0, "trend": 17.567933, "fair_value": 17.135545, "relative_strength": -4.200422, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.413669, "energy": 64.541736, "activity_lines": [ 18.057234, 18.007291, 17.885695, 17.749769 ] }, { "date": "2025-03-07", "close": 17.7565, "volume": 2196, "typical_volume": 1929.0, "trend": 17.589417, "fair_value": 17.131369, "relative_strength": -6.719625, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.296105, "energy": 35.34076, "activity_lines": [ 17.959534, 17.9705, 17.885938, 17.761934 ] }, { "date": "2025-03-14", "close": 17.729, "volume": 549, "typical_volume": 1819.2, "trend": 17.602333, "fair_value": 17.125926, "relative_strength": -5.616326, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.662517, "energy": 18.764805, "activity_lines": [ 17.873134, 17.929564, 17.881947, 17.77094 ] }, { "date": "2025-03-21", "close": 17.842501, "volume": 2196, "typical_volume": 1901.55, "trend": 17.627433, "fair_value": 17.123301, "relative_strength": -6.021385, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.24025, "energy": 19.97403, "activity_lines": [ 17.846634, 17.9113, 17.886526, 17.786434 ] }, { "date": "2025-03-28", "close": 17.693501, "volume": 549, "typical_volume": 1819.2, "trend": 17.649483, "fair_value": 17.119337, "relative_strength": -4.968562, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.799092, "energy": 21.839346, "activity_lines": [ 17.779701, 17.86581, 17.873781, 17.790697 ] }, { "date": "2025-04-04", "close": 17.466, "volume": 1647, "typical_volume": 1901.55, "trend": 17.66225, "fair_value": 17.115157, "relative_strength": 3.40838, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -39.932249, "energy": 39.551149, "activity_lines": [ 17.6564, 17.7844, 17.838322, 17.778859 ] }, { "date": "2025-04-11", "close": 15.9085, "volume": 43904, "typical_volume": 4096.75, "trend": 17.616283, "fair_value": 17.102583, "relative_strength": -2.253439, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -69.989583, "energy": 85.34146, "activity_lines": [ 17.060067, 17.427119, 17.655133, 17.665714 ] }, { "date": "2025-04-18", "close": 16.343, "volume": 18666, "typical_volume": 4975.15, "trend": 17.584117, "fair_value": 17.092962, "relative_strength": -3.063388, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -90.849797, "energy": 96.276084, "activity_lines": [ 16.731767, 17.188018, 17.52195, 17.583567 ] }, { "date": "2025-04-25", "close": 16.689501, "volume": 3843, "typical_volume": 5167.3, "trend": 17.568083, "fair_value": 17.083984, "relative_strength": -3.18521, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.855297, "energy": 87.903021, "activity_lines": [ 16.611367, 17.043137, 17.4283, 17.52585 ] }, { "date": "2025-05-02", "close": 16.620001, "volume": 56495, "typical_volume": 7992.05, "trend": 17.543917, "fair_value": 17.074215, "relative_strength": -5.82372, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.977836, "energy": 88.054599, "activity_lines": [ 16.544667, 16.909101, 17.332931, 17.464683 ] }, { "date": "2025-05-09", "close": 16.691999, "volume": 3294, "typical_volume": 8046.95, "trend": 17.527317, "fair_value": 17.062394, "relative_strength": -3.997531, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.817285, "energy": 80.66974, "activity_lines": [ 16.573533, 16.812982, 17.250095, 17.409721 ] }, { "date": "2025-05-16", "close": 16.862499, "volume": 4941, "typical_volume": 8134.05, "trend": 17.508817, "fair_value": 17.054244, "relative_strength": -4.862946, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.693297, "energy": 56.015985, "activity_lines": [ 16.710833, 16.774518, 17.187814, 17.366829 ] }, { "date": "2025-05-23", "close": 16.459, "volume": 3294, "typical_volume": 8271.3, "trend": 17.482167, "fair_value": 17.043532, "relative_strength": -5.954594, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.3862, "energy": 56.125101, "activity_lines": [ 16.650033, 16.678945, 17.091586, 17.299099 ] }, { "date": "2025-05-30", "close": 16.646999, "volume": 9820, "typical_volume": 8558.95, "trend": 17.46425, "fair_value": 17.034179, "relative_strength": -5.001496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.461794, "energy": 43.327241, "activity_lines": [ 16.644166, 16.640645, 17.019843, 17.245217 ] }, { "date": "2025-06-06", "close": 16.627501, "volume": 2196, "typical_volume": 8531.5, "trend": 17.43605, "fair_value": 17.024561, "relative_strength": -6.09974, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -47.261048, "energy": 43.150529, "activity_lines": [ 16.634633, 16.620536, 16.9519, 17.191233 ] }, { "date": "2025-06-13", "close": 16.475, "volume": 549, "typical_volume": 8421.7, "trend": 17.398783, "fair_value": 17.017542, "relative_strength": -5.169272, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -65.272764, "energy": 51.861365, "activity_lines": [ 16.573767, 16.592082, 16.875936, 17.12923 ] }, { "date": "2025-06-20", "close": 16.620001, "volume": 0, "typical_volume": 8394.25, "trend": 17.362133, "fair_value": 17.011772, "relative_strength": -2.067994, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.559034, "energy": 44.375696, "activity_lines": [ 16.5757, 16.608009, 16.820414, 17.078986 ] }, { "date": "2025-06-27", "close": 16.3605, "volume": 1647, "typical_volume": 8210.3, "trend": 17.316983, "fair_value": 17.003314, "relative_strength": -4.367543, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.436438, "energy": 49.006979, "activity_lines": [ 16.5073, 16.563818, 16.747053, 17.014365 ] }, { "date": "2025-07-04", "close": 16.3395, "volume": 549, "typical_volume": 7921.65, "trend": 17.271017, "fair_value": 16.993567, "relative_strength": -4.309349, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.138435, "energy": 51.582525, "activity_lines": [ 16.438467, 16.515491, 16.679783, 16.951301 ] }, { "date": "2025-07-11", "close": 16.2785, "volume": 1098, "typical_volume": 7926.55, "trend": 17.2199, "fair_value": 16.981558, "relative_strength": -4.319682, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.295371, "energy": 82.819866, "activity_lines": [ 16.3698, 16.462436, 16.614522, 16.887268 ] }, { "date": "2025-07-18", "close": 16.389999, "volume": 20, "typical_volume": 7872.65, "trend": 17.179617, "fair_value": 16.970609, "relative_strength": -3.955423, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.959695, "energy": 83.082249, "activity_lines": [ 16.361566, 16.435864, 16.568007, 16.833726 ] }, { "date": "2025-07-25", "close": 16.3395, "volume": 0, "typical_volume": 7762.85, "trend": 17.130817, "fair_value": 16.959285, "relative_strength": -3.983367, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.982483, "energy": 85.067216, "activity_lines": [ 16.342166, 16.4056, 16.525102, 16.779525 ] }, { "date": "2025-08-01", "close": 16.757, "volume": 1098, "typical_volume": 7790.3, "trend": 17.094683, "fair_value": 16.950446, "relative_strength": -0.504226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.474992, "energy": 45.830602, "activity_lines": [ 16.480633, 16.460754, 16.528707, 16.755408 ] }, { "date": "2025-08-08", "close": 16.7495, "volume": 549, "typical_volume": 7707.95, "trend": 17.0585, "fair_value": 16.943314, "relative_strength": -0.766178, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.032212, "energy": 23.876393, "activity_lines": [ 16.590167, 16.509127, 16.536226, 16.733138 ] }, { "date": "2025-08-15", "close": 16.746, "volume": 1647, "typical_volume": 7762.85, "trend": 17.016933, "fair_value": 16.93616, "relative_strength": -2.44448, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.447301, "energy": 22.678061, "activity_lines": [ 16.6712, 16.555, 16.548617, 16.712976 ] }, { "date": "2025-08-22", "close": 16.7365, "volume": 2196, "typical_volume": 7790.3, "trend": 16.979217, "fair_value": 16.928946, "relative_strength": -3.989098, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 1.686825, "energy": 29.201741, "activity_lines": [ 16.7179, 16.596991, 16.564614, 16.694884 ] }, { "date": "2025-08-29", "close": 16.6315, "volume": 1098, "typical_volume": 5650.0, "trend": 16.931483, "fair_value": 16.921558, "relative_strength": -3.98021, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -1.275516, "energy": 25.535003, "activity_lines": [ 16.7065, 16.615136, 16.574086, 16.672451 ] }, { "date": "2025-09-05", "close": 16.818501, "volume": 549, "typical_volume": 4744.15, "trend": 16.8901, "fair_value": 16.915676, "relative_strength": -4.239739, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 17.629076, "energy": 30.159073, "activity_lines": [ 16.737967, 16.667073, 16.597924, 16.665161 ] }, { "date": "2025-09-12", "close": 16.841499, "volume": 0, "typical_volume": 4552.0, "trend": 16.852117, "fair_value": 16.912865, "relative_strength": -2.646616, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 18.896888, "energy": 41.84807, "activity_lines": [ 16.773, 16.714864, 16.621688, 16.662026 ] }, { "date": "2025-09-19", "close": 16.761, "volume": 0, "typical_volume": 1727.25, "trend": 16.8113, "fair_value": 16.909859, "relative_strength": -2.35072, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 4.758518, "energy": 26.895587, "activity_lines": [ 16.775067, 16.738891, 16.637062, 16.656147 ] }, { "date": "2025-09-26", "close": 16.7815, "volume": 0, "typical_volume": 1562.55, "trend": 16.765417, "fair_value": 16.908779, "relative_strength": -0.761482, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.205722, "energy": 43.276174, "activity_lines": [ 16.782967, 16.757873, 16.653717, 16.654225 ] }, { "date": "2025-10-03", "close": 16.870001, "volume": 1146, "typical_volume": 1372.8, "trend": 16.735867, "fair_value": 16.906471, "relative_strength": -4.718133, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.083214, "energy": 55.970408, "activity_lines": [ 16.817367, 16.785827, 16.678374, 16.660972 ] }, { "date": "2025-10-10", "close": 16.9835, "volume": 20, "typical_volume": 1209.1, "trend": 16.711017, "fair_value": 16.905712, "relative_strength": -3.809048, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.967368, "energy": 67.223799, "activity_lines": [ 16.8737, 16.824773, 16.713805, 16.676948 ] }, { "date": "2025-10-17", "close": 16.8755, "volume": 0, "typical_volume": 718.1, "trend": 16.678783, "fair_value": 16.905862, "relative_strength": -5.552829, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 61.704596, "energy": 72.116412, "activity_lines": [ 16.883034, 16.839964, 16.736452, 16.68756 ] }, { "date": "2025-10-24", "close": 21.326599, "volume": 0, "typical_volume": 608.3, "trend": 16.799887, "fair_value": 16.933456, "relative_strength": 19.626896, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.641022, "energy": 97.967626, "activity_lines": [ 18.3738, 17.662154, 17.181926, 16.987419 ] }, { "date": "2025-10-31", "close": 16.988501, "volume": 0, "typical_volume": 580.85, "trend": 16.78397, "fair_value": 16.932741, "relative_strength": -2.04478, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.624752, "energy": 60.821426, "activity_lines": [ 18.11416, 17.612316, 17.191871, 16.999588 ] }, { "date": "2025-11-07", "close": 17.0585, "volume": 1008, "typical_volume": 631.25, "trend": 16.822303, "fair_value": 16.934552, "relative_strength": -2.026836, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.024078, "energy": 50.265333, "activity_lines": [ 17.864053, 17.570624, 17.206037, 17.0173 ] }, { "date": "2025-11-14", "close": 16.712, "volume": 3021, "typical_volume": 699.95, "trend": 16.834603, "fair_value": 16.933501, "relative_strength": -6.326916, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.609888, "energy": 36.984712, "activity_lines": [ 17.48588, 17.458167, 17.185115, 17.010183 ] }, { "date": "2025-11-21", "close": 17.033501, "volume": 2517, "typical_volume": 798.35, "trend": 16.84607, "fair_value": 16.933549, "relative_strength": -4.298814, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.607473, "energy": 24.997158, "activity_lines": [ 17.232974, 17.406102, 17.193139, 17.023015 ] }, { "date": "2025-11-28", "close": 17.192499, "volume": 504, "typical_volume": 768.65, "trend": 16.865153, "fair_value": 16.934526, "relative_strength": -4.704287, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.898505, "energy": 22.979099, "activity_lines": [ 17.022533, 17.379455, 17.213, 17.045366 ] }, { "date": "2025-12-05", "close": 17.063999, "volume": 1008, "typical_volume": 818.05, "trend": 16.877553, "fair_value": 16.933667, "relative_strength": -5.926774, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.89508, "energy": 19.813406, "activity_lines": [ 17.044866, 17.321598, 17.216271, 17.058194 ] }, { "date": "2025-12-12", "close": 16.841, "volume": 504, "typical_volume": 843.25, "trend": 16.876837, "fair_value": 16.932046, "relative_strength": -6.527107, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.339269, "energy": 14.614729, "activity_lines": [ 16.987833, 17.21806, 17.195094, 17.055836 ] }, { "date": "2025-12-19", "close": 16.8435, "volume": 504, "typical_volume": 813.55, "trend": 16.889653, "fair_value": 16.932312, "relative_strength": -8.194322, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.400272, "energy": 10.143933, "activity_lines": [ 16.946133, 17.115503, 17.171768, 17.053685 ] }, { "date": "2025-12-26", "close": 16.759501, "volume": 0, "typical_volume": 786.1, "trend": 16.893403, "fair_value": 16.933539, "relative_strength": -8.800796, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.579192, "energy": 13.484826, "activity_lines": [ 16.867667, 17.00022, 17.140029, 17.045288 ] }, { "date": "2026-01-02", "close": 16.797001, "volume": 504, "typical_volume": 728.95, "trend": 16.899053, "fair_value": 16.932956, "relative_strength": -8.42563, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.346834, "energy": 16.274197, "activity_lines": [ 16.819967, 16.893864, 17.111814, 17.039069 ] }, { "date": "2026-01-09", "close": 17.011, "volume": 504, "typical_volume": 644.35, "trend": 16.91692, "fair_value": 16.932001, "relative_strength": -8.011817, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.831014, "energy": 11.953568, "activity_lines": [ 16.869967, 16.908773, 17.103738, 17.046291 ] }, { "date": "2026-01-16", "close": 17.089001, "volume": 0, "typical_volume": 589.45, "trend": 16.932553, "fair_value": 16.931776, "relative_strength": -7.239904, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.520195, "energy": 10.241939, "activity_lines": [ 16.949501, 16.937455, 17.101783, 17.057393 ] }, { "date": "2026-01-23", "close": 16.797501, "volume": 2014, "typical_volume": 662.7, "trend": 16.94712, "fair_value": 16.929683, "relative_strength": -6.743725, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.86275, "energy": 7.226486, "activity_lines": [ 16.915334, 16.912582, 17.069887, 17.04868 ] }, { "date": "2026-01-30", "close": 16.355499, "volume": 504, "typical_volume": 687.9, "trend": 16.947653, "fair_value": 16.924513, "relative_strength": -9.23392, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -59.724932, "energy": 63.569449, "activity_lines": [ 16.7369, 16.805791, 16.995996, 17.010511 ] }, { "date": "2026-02-06", "close": 16.535, "volume": 0, "typical_volume": 687.9, "trend": 16.956203, "fair_value": 16.921853, "relative_strength": -9.642334, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -48.121583, "energy": 69.010637, "activity_lines": [ 16.645233, 16.743964, 16.941514, 16.983888 ] }, { "date": "2026-02-13", "close": 16.472, "volume": 0, "typical_volume": 687.9, "trend": 16.958937, "fair_value": 16.91961, "relative_strength": -10.867082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.270155, "energy": 87.544155, "activity_lines": [ 16.550033, 16.682637, 16.882109, 16.952649 ] }, { "date": "2026-02-20", "close": 16.636499, "volume": 0, "typical_volume": 630.6, "trend": 16.968837, "fair_value": 16.918613, "relative_strength": -11.423318, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.937515, "energy": 84.982124, "activity_lines": [ 16.5456, 16.661982, 16.839844, 16.931847 ] }, { "date": "2026-02-27", "close": 16.5665, "volume": 0, "typical_volume": 629.6, "trend": 16.962487, "fair_value": 16.91686, "relative_strength": -12.502729, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.617965, "energy": 79.27659, "activity_lines": [ 16.548, 16.632318, 16.792025, 16.90589 ] }, { "date": "2026-03-06", "close": 16.689501, "volume": 1008, "typical_volume": 680.0, "trend": 16.960487, "fair_value": 16.916228, "relative_strength": -5.556767, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.525313, "energy": 52.423883, "activity_lines": [ 16.6068, 16.630055, 16.757905, 16.888278 ] }, { "date": "2026-03-13", "close": 16.6315, "volume": 1008, "typical_volume": 730.4, "trend": 16.95667, "fair_value": 16.914603, "relative_strength": -3.900674, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.051334, "energy": 40.597668, "activity_lines": [ 16.624, 16.618518, 16.719148, 16.867053 ] }, { "date": "2026-03-20", "close": 16.6105, "volume": 0, "typical_volume": 730.4, "trend": 16.95247, "fair_value": 16.912334, "relative_strength": 0.038736, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.285852, "energy": 36.979073, "activity_lines": [ 16.627767, 16.606173, 16.700748, 16.844719 ] }, { "date": "2026-03-27", "close": 16.681999, "volume": 0, "typical_volume": 680.0, "trend": 16.954153, "fair_value": 16.910632, "relative_strength": -1.451457, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.924901, "energy": 29.942588, "activity_lines": [ 16.646133, 16.614109, 16.690957, 16.827269 ] }, { "date": "2026-04-03", "close": 16.8755, "volume": 504, "typical_volume": 554.15, "trend": 16.956053, "fair_value": 16.909638, "relative_strength": -3.194233, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.168328, "energy": 17.684318, "activity_lines": [ 16.725966, 16.664627, 16.701388, 16.822195 ] }, { "date": "2026-04-10", "close": 16.820999, "volume": 0, "typical_volume": 428.3, "trend": 16.95537, "fair_value": 16.910943, "relative_strength": -4.790218, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.390855, "energy": 20.959789, "activity_lines": [ 16.767033, 16.703818, 16.70585, 16.813482 ] }, { "date": "2026-04-17", "close": 16.684999, "volume": 0, "typical_volume": 403.1, "trend": 16.952837, "fair_value": 16.911401, "relative_strength": -7.060445, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.494017, "energy": 19.010226, "activity_lines": [ 16.753999, 16.709818, 16.698371, 16.796039 ] }, { "date": "2026-04-24", "close": 16.7225, "volume": 504, "typical_volume": 377.9, "trend": 16.95087, "fair_value": 16.912094, "relative_strength": -4.858834, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.070399, "energy": 18.325067, "activity_lines": [ 16.749899, 16.719909, 16.696881, 16.781178 ] }, { "date": "2026-05-01", "close": 16.581499, "volume": 0, "typical_volume": 352.7, "trend": 16.941253, "fair_value": 16.912215, "relative_strength": -5.292621, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.05607, "energy": 28.422472, "activity_lines": [ 16.691333, 16.699809, 16.683588, 16.757348 ] }, { "date": "2026-05-08", "close": 16.577499, "volume": 0, "typical_volume": 327.5, "trend": 16.92772, "fair_value": 16.912167, "relative_strength": -4.899321, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.930622, "energy": 53.255412, "activity_lines": [ 16.638133, 16.679981, 16.67115, 16.73388 ] }, { "date": "2026-05-15", "close": 16.559, "volume": 0, "typical_volume": 327.5, "trend": 16.91717, "fair_value": 16.912581, "relative_strength": -5.708399, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.075561, "energy": 70.485882, "activity_lines": [ 16.598633, 16.65659, 16.658216, 16.710091 ] }, { "date": "2026-05-22", "close": 16.5935, "volume": 0, "typical_volume": 302.3, "trend": 16.7594, "fair_value": 16.913215, "relative_strength": -7.330999, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.193553, "energy": 70.546031, "activity_lines": [ 16.5881, 16.641845, 16.649523, 16.689209 ] }, { "date": "2026-05-29", "close": 16.709499, "volume": 1008, "typical_volume": 327.5, "trend": 16.7501, "fair_value": 16.913052, "relative_strength": -6.782464, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.272489, "energy": 41.465566, "activity_lines": [ 16.622333, 16.648881, 16.652847, 16.68599 ] }, { "date": "2026-06-05", "close": 16.835501, "volume": 0, "typical_volume": 327.5, "trend": 16.742667, "fair_value": 16.914481, "relative_strength": -4.875795, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 7.768325, "energy": 6.783057, "activity_lines": [ 16.699433, 16.677027, 16.669607, 16.6915 ] }, { "date": "2026-06-12", "close": 16.970501, "volume": 0, "typical_volume": 226.8, "trend": 16.751283, "fair_value": 16.917007, "relative_strength": -6.188326, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.578211, "energy": 46.191054, "activity_lines": [ 16.8046, 16.726927, 16.700431, 16.706199 ] }, { "date": "2026-06-19", "close": 17.181, "volume": 0, "typical_volume": 201.6, "trend": 16.7562, "fair_value": 16.921049, "relative_strength": -5.269041, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 66.276322, "energy": 85.870903, "activity_lines": [ 16.953734, 16.813373, 16.750478, 16.733922 ] }, { "date": "2026-06-26", "close": 17.335501, "volume": 0, "typical_volume": 201.6, "trend": 16.760967, "fair_value": 16.926081, "relative_strength": -6.912332, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 96.399104, "energy": 98.56508, "activity_lines": [ 17.112901, 16.921364, 16.811309, 16.771297 ] }, { "date": "2026-07-03", "close": 17.115, "volume": 504, "typical_volume": 226.8, "trend": 16.762667, "fair_value": 16.930658, "relative_strength": -9.462841, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.493031, "energy": 88.80329, "activity_lines": [ 17.1491, 16.977437, 16.847329, 16.794138 ] }, { "date": "2026-07-10", "close": 17.095501, "volume": 1008, "typical_volume": 277.2, "trend": 16.77115, "fair_value": 16.93709, "relative_strength": -8.145025, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.041116, "energy": 88.090997, "activity_lines": [ 17.151767, 17.022828, 16.878429, 16.815611 ] }, { "date": "2026-07-17", "close": 17.102501, "volume": 1008, "typical_volume": 327.6, "trend": 16.779783, "fair_value": 16.943898, "relative_strength": -8.567272, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.309646, "energy": 83.232023, "activity_lines": [ 17.139434, 17.060146, 16.90801, 16.836988 ] }, { "date": "2026-07-24", "close": 17.102501, "volume": 0, "typical_volume": 277.2, "trend": 16.791217, "fair_value": 16.950671, "relative_strength": -8.2279, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.116889, "energy": 61.785016, "activity_lines": [ 17.118301, 17.087919, 16.935038, 16.857809 ] }, { "date": "2026-07-31", "close": 16.917999, "volume": 504, "typical_volume": 252.0, "trend": 16.79525, "fair_value": 16.956324, "relative_strength": -9.019678, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.251149, "energy": 42.274942, "activity_lines": [ 17.0409, 17.072264, 16.942529, 16.865988 ] }, { "date": "2026-08-07", "close": 17.0495, "volume": 0, "typical_volume": 252.0, "trend": 16.796533, "fair_value": 16.962821, "relative_strength": -9.243342, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.899525, "energy": 33.693798, "activity_lines": [ 17.035167, 17.074619, 16.961179, 16.882391 ] } ], "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." } } }