{ "ticker": { "uuid": "aa7cbdba-cbe9-4161-bd11-969d1428cbef", "symbol": "UMDV", "name": "iShares US Medical Devices UCITS ETF USD (Acc)", "exchange": "AMS", "country": "NL", "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": "^AEX", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 91.941, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": 2.578, "architecture_energy": 9.538, "architecture_maturity": 100.0, "architecture_confidence": 55.105, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 60.82, "rotation_up": 31.79, "upward_expansion": 26.1, "deceleration": 49.99, "rotation_down": 17.38, "downward_expansion": 48.1 }, "activity_lines": [ 5.541933, 5.480691, 5.445841, 5.557439 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 5.738, "trend_reference": 5.773757, "distance_from_trend": -0.006193, "trend_direction": "Weakening", "fair_value": 6.12011, "distance_from_fair_value": -0.062435, "fair_value_direction": "Improving", "relative_strength": -17.48035, "relative_strength_direction": "Improving", "price_momentum": -0.094896, "excess_performance": -0.211558, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.006193, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.072831, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.062435, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.07777, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.174804, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.062471, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.094896, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.700224, "read": "Supply-led" } ], "volume": { "latest": 488087, "relative_activity": 1.085143, "balance": 0.700224, "dry_up": 2.155154, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.038327, "annualized_volatility": 0.188667, "from_high_reference": -0.18254, "from_low_reference": 0.126866 }, "levels": { "trend_reference": 5.773757, "fair_value_reference": 6.12011, "structural_low": 5.092, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 20, "median_return": 0.004877, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.001588, "regime_survival": 0.8, "best_return": 0.115388, "worst_return": -0.134425, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.03768, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": -0.024173, "regime_survival": 0.571429, "best_return": 0.096981, "worst_return": -0.156355, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.073369, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.020895, "regime_survival": 0.25, "best_return": 0.20429, "worst_return": -0.083091, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.065884, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.057443, "regime_survival": 0.0, "best_return": 0.231311, "worst_return": -0.099543, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-26", "end": "2024-08-02", "tenure": "New", "return": 0.004277, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-09", "end": "2024-08-16", "tenure": "New", "return": 0.026987, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-23", "end": "2024-08-30", "tenure": "New", "return": 0.008116, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-06", "end": "2024-09-13", "tenure": "New", "return": 0.032059, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-20", "end": "2025-03-14", "tenure": "Established", "return": 0.017519, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.054388, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-11", "end": "2025-05-09", "tenure": "Developing", "return": 0.090685, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-09-05", "tenure": "Established", "return": 0.00077, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2025-09-19", "tenure": "New", "return": -0.013957, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-26", "end": "2025-11-28", "tenure": "Developing", "return": 0.074237, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-05", "end": "2026-01-16", "tenure": "Developing", "return": -0.02722, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-01-30", "tenure": "New", "return": -0.010158, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-06", "end": "2026-02-13", "tenure": "New", "return": 0.006988, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-20", "end": "2026-08-07", "tenure": "Established", "return": -0.106857, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 5.3997, "volume": 225817, "typical_volume": 335488.75, "trend": 5.646347, "fair_value": 5.757708, "relative_strength": -2.349845, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -34.613033, "energy": 33.796957, "activity_lines": [ 5.604, 5.713998, 5.729302, 5.69613 ] }, { "date": "2023-08-25", "close": 5.397, "volume": 81111, "typical_volume": 316984.8, "trend": 5.640803, "fair_value": 5.759228, "relative_strength": -2.113147, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.627263, "energy": 45.852325, "activity_lines": [ 5.50032, 5.646587, 5.697018, 5.680043 ] }, { "date": "2023-09-01", "close": 5.515, "volume": 542749, "typical_volume": 335089.5, "trend": 5.63237, "fair_value": 5.762482, "relative_strength": -1.580598, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.390563, "energy": 57.192476, "activity_lines": [ 5.4758, 5.608518, 5.67689, 5.671927 ] }, { "date": "2023-09-08", "close": 5.3447, "volume": 146976, "typical_volume": 293470.65, "trend": 5.62608, "fair_value": 5.764471, "relative_strength": -3.538522, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.434258, "energy": 70.006993, "activity_lines": [ 5.42132, 5.544527, 5.641506, 5.653368 ] }, { "date": "2023-09-15", "close": 5.3051, "volume": 27345, "typical_volume": 282795.75, "trend": 5.619363, "fair_value": 5.766181, "relative_strength": -4.38016, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.422251, "energy": 72.578723, "activity_lines": [ 5.3762, 5.482971, 5.604872, 5.632659 ] }, { "date": "2023-09-22", "close": 5.1856, "volume": 49145, "typical_volume": 260405.4, "trend": 5.614103, "fair_value": 5.767622, "relative_strength": -4.937606, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -82.264907, "energy": 83.401447, "activity_lines": [ 5.3073, 5.407391, 5.559525, 5.604674 ] }, { "date": "2023-09-29", "close": 5.1701, "volume": 94147, "typical_volume": 260534.95, "trend": 5.60463, "fair_value": 5.76841, "relative_strength": -4.880752, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.117761, "energy": 86.788966, "activity_lines": [ 5.247507, 5.34218, 5.515689, 5.576029 ] }, { "date": "2023-10-06", "close": 5.041, "volume": 141657, "typical_volume": 259420.25, "trend": 5.597503, "fair_value": 5.766603, "relative_strength": -6.789415, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.565754, "energy": 91.700816, "activity_lines": [ 5.159807, 5.268484, 5.462291, 5.539666 ] }, { "date": "2023-10-13", "close": 4.7902, "volume": 766212, "typical_volume": 252639.15, "trend": 5.578307, "fair_value": 5.762955, "relative_strength": -12.008524, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.648585, "energy": 95.491888, "activity_lines": [ 5.020107, 5.165116, 5.388401, 5.487582 ] }, { "date": "2023-10-20", "close": 4.8883, "volume": 779236, "typical_volume": 285600.55, "trend": 5.56328, "fair_value": 5.759906, "relative_strength": -7.837947, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.410161, "energy": 90.046084, "activity_lines": [ 4.950073, 5.09582, 5.327358, 5.443065 ] }, { "date": "2023-10-27", "close": 4.7544, "volume": 624381, "typical_volume": 313577.15, "trend": 5.537037, "fair_value": 5.757771, "relative_strength": -9.86941, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.986974, "energy": 92.106287, "activity_lines": [ 4.863193, 5.014135, 5.256959, 5.390879 ] }, { "date": "2023-11-03", "close": 5.0078, "volume": 59682, "typical_volume": 300002.3, "trend": 5.517633, "fair_value": 5.754864, "relative_strength": -7.766508, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.545583, "energy": 73.627615, "activity_lines": [ 4.889527, 4.990255, 5.214516, 5.356735 ] }, { "date": "2023-11-10", "close": 4.7814, "volume": 195680, "typical_volume": 300149.25, "trend": 5.486447, "fair_value": 5.750328, "relative_strength": -12.851978, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.455095, "energy": 67.984486, "activity_lines": [ 4.851213, 4.932287, 5.15443, 5.309236 ] }, { "date": "2023-11-17", "close": 5.1492, "volume": 742357, "typical_volume": 325042.25, "trend": 5.462273, "fair_value": 5.749195, "relative_strength": -7.520881, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.680486, "energy": 51.387229, "activity_lines": [ 4.952807, 4.954531, 5.134187, 5.287478 ] }, { "date": "2023-11-24", "close": 5.303, "volume": 55644, "typical_volume": 321885.45, "trend": 5.44353, "fair_value": 5.749224, "relative_strength": -5.505467, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.687781, "energy": 25.349272, "activity_lines": [ 5.081733, 5.008293, 5.132045, 5.277203 ] }, { "date": "2023-12-01", "close": 5.3263, "volume": 1270633, "typical_volume": 367932.6, "trend": 5.42731, "fair_value": 5.748524, "relative_strength": -5.640288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.98703, "energy": 23.825847, "activity_lines": [ 5.19078, 5.066329, 5.13415, 5.269639 ] }, { "date": "2023-12-08", "close": 5.3279, "volume": 110046, "typical_volume": 339806.55, "trend": 5.41343, "fair_value": 5.748162, "relative_strength": -6.694297, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.599233, "energy": 26.132137, "activity_lines": [ 5.262233, 5.122098, 5.139192, 5.263226 ] }, { "date": "2023-12-15", "close": 5.5581, "volume": 562096, "typical_volume": 351814.05, "trend": 5.40692, "fair_value": 5.748314, "relative_strength": -3.875644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 17.952934, "energy": 34.059455, "activity_lines": [ 5.38908, 5.216853, 5.169331, 5.272559 ] }, { "date": "2023-12-22", "close": 5.6428, "volume": 104181, "typical_volume": 347837.9, "trend": 5.410807, "fair_value": 5.749212, "relative_strength": -1.328814, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.034599, "energy": 48.328077, "activity_lines": [ 5.49238, 5.317605, 5.209246, 5.287777 ] }, { "date": "2023-12-29", "close": 5.6715, "volume": 37887, "typical_volume": 330849.1, "trend": 5.413143, "fair_value": 5.749772, "relative_strength": -0.822307, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.006586, "energy": 65.358115, "activity_lines": [ 5.57234, 5.408075, 5.252087, 5.304596 ] }, { "date": "2024-01-05", "close": 5.612, "volume": 27508, "typical_volume": 320933.65, "trend": 5.414967, "fair_value": 5.748586, "relative_strength": -0.768267, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.34596, "energy": 64.662462, "activity_lines": [ 5.6079, 5.473485, 5.288662, 5.317426 ] }, { "date": "2024-01-12", "close": 5.8394, "volume": 676606, "typical_volume": 350708.4, "trend": 5.415253, "fair_value": 5.749463, "relative_strength": 2.83434, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.076607, "energy": 75.736261, "activity_lines": [ 5.700213, 5.564649, 5.345884, 5.344809 ] }, { "date": "2024-01-19", "close": 5.811, "volume": 934720, "typical_volume": 370306.95, "trend": 5.415877, "fair_value": 5.749924, "relative_strength": 2.748387, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.479853, "energy": 73.254252, "activity_lines": [ 5.74896, 5.635529, 5.398295, 5.370341 ] }, { "date": "2024-01-26", "close": 5.8264, "volume": 717400, "typical_volume": 398828.15, "trend": 5.41427, "fair_value": 5.750829, "relative_strength": -1.799308, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.631957, "energy": 70.199379, "activity_lines": [ 5.78598, 5.690489, 5.450762, 5.396826 ] }, { "date": "2024-02-02", "close": 5.9704, "volume": 186006, "typical_volume": 406761.2, "trend": 5.422323, "fair_value": 5.751892, "relative_strength": 0.119352, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.633241, "energy": 88.913937, "activity_lines": [ 5.85876, 5.759318, 5.51465, 5.432705 ] }, { "date": "2024-02-09", "close": 5.9895, "volume": 219377, "typical_volume": 415272.8, "trend": 5.424943, "fair_value": 5.751979, "relative_strength": -2.924801, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.556422, "energy": 87.231581, "activity_lines": [ 5.91798, 5.819485, 5.57719, 5.469297 ] }, { "date": "2024-02-16", "close": 6.0688, "volume": 207426, "typical_volume": 420936.75, "trend": 5.427423, "fair_value": 5.754042, "relative_strength": -2.333714, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.807729, "energy": 91.189215, "activity_lines": [ 5.978467, 5.882013, 5.643453, 5.510837 ] }, { "date": "2024-02-23", "close": 6.1439, "volume": 490891, "typical_volume": 438398.45, "trend": 5.434983, "fair_value": 5.757497, "relative_strength": -0.769177, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.884494, "energy": 92.387048, "activity_lines": [ 6.048693, 5.944724, 5.712589, 5.557061 ] }, { "date": "2024-03-01", "close": 6.0755, "volume": 150941, "typical_volume": 407634.9, "trend": 5.448063, "fair_value": 5.761076, "relative_strength": -1.758831, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.395785, "energy": 86.709649, "activity_lines": [ 6.073927, 5.984347, 5.769959, 5.598385 ] }, { "date": "2024-03-08", "close": 6.2412, "volume": 549639, "typical_volume": 396155.05, "trend": 5.47124, "fair_value": 5.765598, "relative_strength": -0.044482, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.398094, "energy": 89.38602, "activity_lines": [ 6.137787, 6.046231, 5.83699, 5.649555 ] }, { "date": "2024-03-15", "close": 6.0331, "volume": 681688, "typical_volume": 399020.4, "trend": 5.492353, "fair_value": 5.768956, "relative_strength": -2.132901, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.186663, "energy": 65.77488, "activity_lines": [ 6.114227, 6.05992, 5.877759, 5.685804 ] }, { "date": "2024-03-22", "close": 6.0446, "volume": 416835, "typical_volume": 416878.05, "trend": 5.51394, "fair_value": 5.771647, "relative_strength": -4.593421, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.4196, "energy": 62.151329, "activity_lines": [ 6.091593, 6.068044, 5.913534, 5.721432 ] }, { "date": "2024-03-29", "close": 6.2263, "volume": 308693, "typical_volume": 422528.7, "trend": 5.53765, "fair_value": 5.775487, "relative_strength": -2.262257, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.345961, "energy": 66.077177, "activity_lines": [ 6.13114, 6.105473, 5.961677, 5.767391 ] }, { "date": "2024-04-05", "close": 6.0892, "volume": 100439, "typical_volume": 390432.8, "trend": 5.562467, "fair_value": 5.777283, "relative_strength": -4.176804, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.93782, "energy": 52.080162, "activity_lines": [ 6.119493, 6.110424, 5.989882, 5.802975 ] }, { "date": "2024-04-12", "close": 5.986, "volume": 88367, "typical_volume": 392068.95, "trend": 5.585163, "fair_value": 5.777145, "relative_strength": -5.917764, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.562237, "energy": 43.083173, "activity_lines": [ 6.072533, 6.091833, 6.003782, 5.8303 ] }, { "date": "2024-04-19", "close": 5.7896, "volume": 739600, "typical_volume": 365517.3, "trend": 5.605297, "fair_value": 5.774663, "relative_strength": -6.280407, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.892627, "energy": 23.013575, "activity_lines": [ 5.97712, 6.037249, 5.995726, 5.843489 ] }, { "date": "2024-04-26", "close": 5.9113, "volume": 205766, "typical_volume": 370303.3, "trend": 5.630003, "fair_value": 5.773794, "relative_strength": -6.503513, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.165634, "energy": 24.472289, "activity_lines": [ 5.938507, 6.008427, 5.997053, 5.863231 ] }, { "date": "2024-05-03", "close": 5.9096, "volume": 245262, "typical_volume": 354461.6, "trend": 5.658957, "fair_value": 5.773249, "relative_strength": -6.76508, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.38991, "energy": 22.161786, "activity_lines": [ 5.908213, 5.98216, 5.995441, 5.88127 ] }, { "date": "2024-05-10", "close": 5.9492, "volume": 193522, "typical_volume": 358928.65, "trend": 5.69759, "fair_value": 5.774065, "relative_strength": -8.255956, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.883404, "energy": 19.269605, "activity_lines": [ 5.912233, 5.967353, 5.995926, 5.899995 ] }, { "date": "2024-05-17", "close": 6.0204, "volume": 115488, "typical_volume": 362808.7, "trend": 5.735327, "fair_value": 5.774756, "relative_strength": -7.200855, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.184177, "energy": 12.154844, "activity_lines": [ 5.94932, 5.967787, 6.001733, 5.920822 ] }, { "date": "2024-05-24", "close": 5.9967, "volume": 151665, "typical_volume": 369016.55, "trend": 5.776737, "fair_value": 5.775052, "relative_strength": -7.60289, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.922502, "energy": 17.422107, "activity_lines": [ 5.976213, 5.967927, 6.003622, 5.937685 ] }, { "date": "2024-05-31", "close": 5.9027, "volume": 170038, "typical_volume": 343688.15, "trend": 5.806567, "fair_value": 5.775909, "relative_strength": -7.685796, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.615424, "energy": 13.902373, "activity_lines": [ 5.957967, 5.951638, 5.994726, 5.945811 ] }, { "date": "2024-06-07", "close": 6.0726, "volume": 52991, "typical_volume": 299601.7, "trend": 5.849607, "fair_value": 5.777115, "relative_strength": -6.906872, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.334909, "energy": 24.232027, "activity_lines": [ 5.996927, 5.96882, 6.00171, 5.962975 ] }, { "date": "2024-06-14", "close": 5.9752, "volume": 2418206, "typical_volume": 384642.0, "trend": 5.87714, "fair_value": 5.776924, "relative_strength": -7.640419, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.210934, "energy": 16.760581, "activity_lines": [ 5.992553, 5.971087, 5.998172, 5.971077 ] }, { "date": "2024-06-21", "close": 6.0171, "volume": 225807, "typical_volume": 386632.05, "trend": 5.900943, "fair_value": 5.776072, "relative_strength": -7.355625, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.444647, "energy": 16.988768, "activity_lines": [ 6.000413, 5.983045, 5.997916, 5.980107 ] }, { "date": "2024-06-28", "close": 6.0086, "volume": 158403, "typical_volume": 383583.35, "trend": 5.923687, "fair_value": 5.774656, "relative_strength": -7.071667, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 34.307779, "energy": 19.856249, "activity_lines": [ 6.00566, 5.992893, 5.996628, 5.987053 ] }, { "date": "2024-07-05", "close": 5.9233, "volume": 62517, "typical_volume": 376337.9, "trend": 5.943533, "fair_value": 5.772037, "relative_strength": -9.048466, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.246646, "energy": 4.044824, "activity_lines": [ 5.98168, 5.983249, 5.987125, 5.987028 ] }, { "date": "2024-07-12", "close": 6.0469, "volume": 271320, "typical_volume": 365359.35, "trend": 5.959827, "fair_value": 5.770687, "relative_strength": -7.944425, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 41.082496, "energy": 17.233234, "activity_lines": [ 5.997527, 5.99586, 5.990086, 5.993697 ] }, { "date": "2024-07-19", "close": 5.9664, "volume": 246079, "typical_volume": 370116.25, "trend": 5.970613, "fair_value": 5.767863, "relative_strength": -5.098325, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.790568, "energy": 6.173539, "activity_lines": [ 5.988253, 5.991338, 5.985843, 5.994121 ] }, { "date": "2024-07-26", "close": 5.8213, "volume": 301882, "typical_volume": 357728.4, "trend": 5.975607, "fair_value": 5.76338, "relative_strength": -7.072482, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.639515, "energy": 31.345253, "activity_lines": [ 5.9312, 5.960122, 5.9683, 5.984488 ] }, { "date": "2024-08-02", "close": 5.8462, "volume": 390350, "typical_volume": 343161.5, "trend": 5.983413, "fair_value": 5.759224, "relative_strength": -3.541779, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.026051, "energy": 48.506808, "activity_lines": [ 5.8955, 5.937053, 5.955128, 5.976139 ] }, { "date": "2024-08-09", "close": 5.94, "volume": 277663, "typical_volume": 336202.9, "trend": 5.986767, "fair_value": 5.755719, "relative_strength": -2.346324, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.690391, "energy": 45.306701, "activity_lines": [ 5.901893, 5.933775, 5.95178, 5.973338 ] }, { "date": "2024-08-16", "close": 6.1003, "volume": 55323, "typical_volume": 323534.4, "trend": 5.99641, "fair_value": 5.75236, "relative_strength": -2.013314, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.562373, "energy": 14.442893, "activity_lines": [ 5.960607, 5.958964, 5.964196, 5.980663 ] }, { "date": "2024-08-23", "close": 6.2224, "volume": 18140, "typical_volume": 319419.45, "trend": 6.00961, "fair_value": 5.749413, "relative_strength": -0.22749, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.135087, "energy": 25.315444, "activity_lines": [ 6.05646, 6.005849, 5.98884, 5.995243 ] }, { "date": "2024-08-30", "close": 6.2729, "volume": 190794, "typical_volume": 324540.8, "trend": 6.019693, "fair_value": 5.74574, "relative_strength": -0.366162, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 44.529111, "energy": 54.701217, "activity_lines": [ 6.15208, 6.057422, 6.01766, 6.012229 ] }, { "date": "2024-09-06", "close": 6.1949, "volume": 93201, "typical_volume": 292220.85, "trend": 6.02654, "fair_value": 5.741612, "relative_strength": 2.854272, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.512036, "energy": 59.315047, "activity_lines": [ 6.191593, 6.090162, 6.037686, 6.023533 ] }, { "date": "2024-09-13", "close": 6.3935, "volume": 138993, "typical_volume": 288882.2, "trend": 6.037363, "fair_value": 5.739089, "relative_strength": 3.768897, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.135225, "energy": 82.381187, "activity_lines": [ 6.27406, 6.155624, 6.074695, 6.047208 ] }, { "date": "2024-09-20", "close": 6.319, "volume": 136624, "typical_volume": 283450.3, "trend": 6.0432, "fair_value": 5.73614, "relative_strength": 2.811995, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.620978, "energy": 76.896122, "activity_lines": [ 6.30146, 6.198991, 6.102313, 6.065378 ] }, { "date": "2024-09-27", "close": 6.366, "volume": 2745631, "typical_volume": 411055.75, "trend": 6.052883, "fair_value": 5.735803, "relative_strength": 1.376439, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.968272, "energy": 74.365229, "activity_lines": [ 6.329947, 6.245956, 6.132458, 6.086203 ] }, { "date": "2024-10-04", "close": 6.196, "volume": 2813648, "typical_volume": 545963.75, "trend": 6.051377, "fair_value": 5.734183, "relative_strength": -0.683099, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.296419, "energy": 52.605337, "activity_lines": [ 6.292193, 6.254747, 6.144428, 6.095437 ] }, { "date": "2024-10-11", "close": 6.3387, "volume": 4172090, "typical_volume": 746985.0, "trend": 6.061563, "fair_value": 5.733228, "relative_strength": 1.032253, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.021916, "energy": 45.926946, "activity_lines": [ 6.307133, 6.282671, 6.169151, 6.113974 ] }, { "date": "2024-10-18", "close": 6.467, "volume": 573517, "typical_volume": 767158.95, "trend": 6.075643, "fair_value": 5.73189, "relative_strength": 4.411396, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.322297, "energy": 52.263883, "activity_lines": [ 6.355253, 6.324967, 6.204466, 6.140131 ] }, { "date": "2024-10-25", "close": 6.3747, "volume": 241459, "typical_volume": 776582.35, "trend": 6.08059, "fair_value": 5.730178, "relative_strength": 3.320471, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.180692, "energy": 46.573298, "activity_lines": [ 6.367707, 6.3409, 6.228302, 6.159425 ] }, { "date": "2024-11-01", "close": 6.406, "volume": 261202, "typical_volume": 668732.15, "trend": 6.09115, "fair_value": 5.72848, "relative_strength": 5.481282, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.980553, "energy": 60.484408, "activity_lines": [ 6.38688, 6.357535, 6.253681, 6.180419 ] }, { "date": "2024-11-08", "close": 6.479, "volume": 333426, "typical_volume": 674113.1, "trend": 6.107583, "fair_value": 5.727315, "relative_strength": 7.533019, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.186186, "energy": 66.599907, "activity_lines": [ 6.42772, 6.384104, 6.283961, 6.205442 ] }, { "date": "2024-11-15", "close": 6.4168, "volume": 422532, "typical_volume": 687319.55, "trend": 6.12849, "fair_value": 5.725812, "relative_strength": 7.746923, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.476578, "energy": 50.137378, "activity_lines": [ 6.42896, 6.395616, 6.306118, 6.225391 ] }, { "date": "2024-11-22", "close": 6.4554, "volume": 270678, "typical_volume": 697727.6, "trend": 6.146627, "fair_value": 5.725358, "relative_strength": 6.142052, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.768921, "energy": 47.696331, "activity_lines": [ 6.43786, 6.410113, 6.330007, 6.246482 ] }, { "date": "2024-11-29", "close": 6.5574, "volume": 3233866, "typical_volume": 845854.9, "trend": 6.16822, "fair_value": 5.726749, "relative_strength": 7.42419, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.104699, "energy": 53.075396, "activity_lines": [ 6.481533, 6.442029, 6.361077, 6.272984 ] }, { "date": "2024-12-06", "close": 6.4943, "volume": 362554, "typical_volume": 851678.65, "trend": 6.18639, "fair_value": 5.726202, "relative_strength": 5.067647, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.323875, "energy": 47.116981, "activity_lines": [ 6.491993, 6.458138, 6.383706, 6.294021 ] }, { "date": "2024-12-13", "close": 6.446, "volume": 531288, "typical_volume": 863148.95, "trend": 6.200577, "fair_value": 5.725224, "relative_strength": 4.007341, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.948823, "energy": 44.929283, "activity_lines": [ 6.480467, 6.463133, 6.399221, 6.31077 ] }, { "date": "2024-12-20", "close": 6.3412, "volume": 380010, "typical_volume": 862631.95, "trend": 6.21206, "fair_value": 5.722629, "relative_strength": 4.415803, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.450619, "energy": 31.12368, "activity_lines": [ 6.436207, 6.444527, 6.40178, 6.319843 ] }, { "date": "2024-12-27", "close": 6.3835, "volume": 139284, "typical_volume": 855713.0, "trend": 6.228087, "fair_value": 5.719937, "relative_strength": 4.589301, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.457382, "energy": 20.114677, "activity_lines": [ 6.411087, 6.433567, 6.406011, 6.330903 ] }, { "date": "2025-01-03", "close": 6.3563, "volume": 924681, "typical_volume": 899180.9, "trend": 6.237543, "fair_value": 5.719519, "relative_strength": 3.574055, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.999956, "energy": 19.570307, "activity_lines": [ 6.381693, 6.41918, 6.40554, 6.339175 ] }, { "date": "2025-01-10", "close": 6.454, "volume": 288996, "typical_volume": 912723.7, "trend": 6.253503, "fair_value": 5.720759, "relative_strength": 4.555137, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.329006, "energy": 20.162781, "activity_lines": [ 6.398273, 6.422891, 6.413154, 6.35314 ] }, { "date": "2025-01-17", "close": 6.6848, "volume": 766425, "typical_volume": 941505.25, "trend": 6.27576, "fair_value": 5.724314, "relative_strength": 5.501882, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.849396, "energy": 39.523177, "activity_lines": [ 6.494473, 6.467693, 6.441647, 6.380966 ] }, { "date": "2025-01-24", "close": 6.886, "volume": 253000, "typical_volume": 949495.2, "trend": 6.305007, "fair_value": 5.731256, "relative_strength": 10.076658, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.592468, "energy": 77.208084, "activity_lines": [ 6.64182, 6.545335, 6.48734, 6.420336 ] }, { "date": "2025-01-31", "close": 6.97, "volume": 265402, "typical_volume": 955815.65, "trend": 6.339897, "fair_value": 5.736772, "relative_strength": 8.83772, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.55909, "energy": 89.444051, "activity_lines": [ 6.780847, 6.629718, 6.537741, 6.463239 ] }, { "date": "2025-02-07", "close": 6.9182, "volume": 1798424, "typical_volume": 1038905.65, "trend": 6.36894, "fair_value": 5.741728, "relative_strength": 7.640879, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.918477, "energy": 88.659061, "activity_lines": [ 6.863507, 6.695327, 6.580465, 6.500549 ] }, { "date": "2025-02-14", "close": 6.9741, "volume": 227703, "typical_volume": 913009.25, "trend": 6.40253, "fair_value": 5.749178, "relative_strength": 5.84391, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.669719, "energy": 90.423477, "activity_lines": [ 6.92734, 6.76454, 6.625659, 6.539591 ] }, { "date": "2025-02-21", "close": 7.0138, "volume": 254974, "typical_volume": 785075.55, "trend": 6.44228, "fair_value": 5.755316, "relative_strength": 7.384211, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.214146, "energy": 89.359824, "activity_lines": [ 6.969733, 6.832247, 6.671738, 6.579028 ] }, { "date": "2025-02-28", "close": 6.8285, "volume": 1381728, "typical_volume": 645557.45, "trend": 6.475023, "fair_value": 5.760272, "relative_strength": 6.236991, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.923412, "energy": 61.618202, "activity_lines": [ 6.928427, 6.85594, 6.696275, 6.603945 ] }, { "date": "2025-03-07", "close": 6.6408, "volume": 380268, "typical_volume": 635895.0, "trend": 6.498383, "fair_value": 5.765415, "relative_strength": 4.502904, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.922005, "energy": 40.188915, "activity_lines": [ 6.828387, 6.836645, 6.700603, 6.614641 ] }, { "date": "2025-03-14", "close": 6.4297, "volume": 585170, "typical_volume": 653080.55, "trend": 6.509363, "fair_value": 5.767105, "relative_strength": 1.814171, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 16.032062, "energy": 16.530241, "activity_lines": [ 6.679927, 6.774291, 6.684, 6.610209 ] }, { "date": "2025-03-21", "close": 6.4849, "volume": 346920, "typical_volume": 657366.45, "trend": 6.518113, "fair_value": 5.769678, "relative_strength": 1.602032, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.507314, "energy": 24.585388, "activity_lines": [ 6.582433, 6.720638, 6.672391, 6.608631 ] }, { "date": "2025-03-28", "close": 6.4805, "volume": 322404, "typical_volume": 656815.35, "trend": 6.525033, "fair_value": 5.770891, "relative_strength": 2.335051, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -10.689594, "energy": 29.060784, "activity_lines": [ 6.516087, 6.665624, 6.659988, 6.606205 ] }, { "date": "2025-04-04", "close": 6.1322, "volume": 769078, "typical_volume": 674142.65, "trend": 6.522943, "fair_value": 5.769299, "relative_strength": 4.343663, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -45.45095, "energy": 46.297944, "activity_lines": [ 6.369193, 6.550996, 6.614406, 6.58086 ] }, { "date": "2025-04-11", "close": 6.0517, "volume": 948181, "typical_volume": 708017.8, "trend": 6.51155, "fair_value": 5.768754, "relative_strength": 5.527433, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.874289, "energy": 62.129704, "activity_lines": [ 6.241887, 6.435438, 6.562512, 6.550458 ] }, { "date": "2025-04-18", "close": 6.2171, "volume": 752506, "typical_volume": 583949.8, "trend": 6.508153, "fair_value": 5.770057, "relative_strength": 4.098191, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.562384, "energy": 62.931148, "activity_lines": [ 6.208987, 6.366649, 6.528294, 6.531461 ] }, { "date": "2025-04-25", "close": 6.412, "volume": 247662, "typical_volume": 578205.2, "trend": 6.509687, "fair_value": 5.77427, "relative_strength": 4.636514, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.680656, "energy": 52.442962, "activity_lines": [ 6.255227, 6.346044, 6.514258, 6.525257 ] }, { "date": "2025-05-02", "close": 6.5065, "volume": 82093, "typical_volume": 555745.45, "trend": 6.520037, "fair_value": 5.780576, "relative_strength": 3.079882, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.170968, "energy": 27.367402, "activity_lines": [ 6.337827, 6.35284, 6.509613, 6.525052 ] }, { "date": "2025-05-09", "close": 6.6005, "volume": 163752, "typical_volume": 544932.55, "trend": 6.528763, "fair_value": 5.788079, "relative_strength": 3.419505, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -0.185304, "energy": 7.964176, "activity_lines": [ 6.450027, 6.385951, 6.513633, 6.530243 ] }, { "date": "2025-05-16", "close": 6.7547, "volume": 205274, "typical_volume": 548232.05, "trend": 6.538353, "fair_value": 5.796688, "relative_strength": 2.788874, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.224038, "energy": 25.042204, "activity_lines": [ 6.582407, 6.451244, 6.531104, 6.54482 ] }, { "date": "2025-05-23", "close": 6.545, "volume": 201255, "typical_volume": 512060.75, "trend": 6.54403, "fair_value": 5.802838, "relative_strength": 0.904511, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.05984, "energy": 20.420999, "activity_lines": [ 6.59802, 6.476338, 6.526836, 6.545248 ] }, { "date": "2025-05-30", "close": 6.6724, "volume": 302288, "typical_volume": 512725.35, "trend": 6.55291, "fair_value": 5.81041, "relative_strength": 2.057621, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.380788, "energy": 22.981217, "activity_lines": [ 6.63424, 6.5225, 6.533803, 6.55353 ] }, { "date": "2025-06-06", "close": 6.7343, "volume": 207814, "typical_volume": 484794.8, "trend": 6.56142, "fair_value": 5.819974, "relative_strength": 2.044114, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.447508, "energy": 28.825558, "activity_lines": [ 6.673733, 6.576507, 6.545625, 6.565233 ] }, { "date": "2025-06-13", "close": 6.6465, "volume": 3845079, "typical_volume": 664398.75, "trend": 6.569077, "fair_value": 5.83086, "relative_strength": 1.319433, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.215618, "energy": 21.656744, "activity_lines": [ 6.668773, 6.609936, 6.548849, 6.570722 ] }, { "date": "2025-06-20", "close": 6.5554, "volume": 67279, "typical_volume": 654492.6, "trend": 6.57241, "fair_value": 5.83957, "relative_strength": 1.286514, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.005041, "energy": 13.98667, "activity_lines": [ 6.63038, 6.617451, 6.544538, 6.56984 ] }, { "date": "2025-06-27", "close": 6.7441, "volume": 150860, "typical_volume": 572114.4, "trend": 6.578633, "fair_value": 5.849501, "relative_strength": 2.657391, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.552849, "energy": 21.203472, "activity_lines": [ 6.668173, 6.650116, 6.560172, 6.580916 ] }, { "date": "2025-07-04", "close": 6.7274, "volume": 107205, "typical_volume": 566089.5, "trend": 6.586403, "fair_value": 5.858504, "relative_strength": 3.426226, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.58366, "energy": 20.026971, "activity_lines": [ 6.687127, 6.670164, 6.575045, 6.590514 ] }, { "date": "2025-07-11", "close": 6.6179, "volume": 220382, "typical_volume": 564359.9, "trend": 6.592133, "fair_value": 5.867521, "relative_strength": 0.09162, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.028537, "energy": 16.019021, "activity_lines": [ 6.665913, 6.664567, 6.580664, 6.592546 ] }, { "date": "2025-07-18", "close": 6.5743, "volume": 272539, "typical_volume": 508900.45, "trend": 6.599903, "fair_value": 5.875154, "relative_strength": 0.312951, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.848382, "energy": 7.73451, "activity_lines": [ 6.637927, 6.649018, 6.584016, 6.591396 ] }, { "date": "2025-07-25", "close": 6.6579, "volume": 93680, "typical_volume": 494571.05, "trend": 6.60905, "fair_value": 5.882622, "relative_strength": 2.060851, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.250705, "energy": 6.951082, "activity_lines": [ 6.64262, 6.649145, 6.59654, 6.595137 ] }, { "date": "2025-08-01", "close": 6.4929, "volume": 183568, "typical_volume": 474490.95, "trend": 6.613603, "fair_value": 5.888751, "relative_strength": 1.651264, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.492281, "energy": 11.139679, "activity_lines": [ 6.58548, 6.621033, 6.593269, 6.587644 ] }, { "date": "2025-08-08", "close": 6.6297, "volume": 237954, "typical_volume": 469042.65, "trend": 6.61946, "fair_value": 5.895131, "relative_strength": 2.841774, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.348655, "energy": 11.412532, "activity_lines": [ 6.590687, 6.61874, 6.602725, 6.588682 ] }, { "date": "2025-08-15", "close": 6.625, "volume": 41617, "typical_volume": 455003.3, "trend": 6.617467, "fair_value": 5.90221, "relative_strength": 2.08371, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.527349, "energy": 8.741647, "activity_lines": [ 6.60084, 6.616369, 6.611044, 6.58904 ] }, { "date": "2025-08-22", "close": 6.797, "volume": 139567, "typical_volume": 423527.75, "trend": 6.6145, "fair_value": 5.911376, "relative_strength": 2.604007, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.920207, "energy": 22.600014, "activity_lines": [ 6.667853, 6.647258, 6.635056, 6.600623 ] }, { "date": "2025-08-29", "close": 6.6956, "volume": 8590, "typical_volume": 376548.2, "trend": 6.605353, "fair_value": 5.920544, "relative_strength": 2.736715, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 52.046545, "energy": 43.346252, "activity_lines": [ 6.68622, 6.656975, 6.646245, 6.605855 ] }, { "date": "2025-09-05", "close": 6.7599, "volume": 156469, "typical_volume": 346746.35, "trend": 6.600077, "fair_value": 5.92882, "relative_strength": 3.35522, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.189936, "energy": 54.959639, "activity_lines": [ 6.723507, 6.675833, 6.660491, 6.615826 ] }, { "date": "2025-09-12", "close": 6.642, "volume": 121411, "typical_volume": 340433.8, "trend": 6.589007, "fair_value": 5.937683, "relative_strength": 0.35856, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.269487, "energy": 48.165159, "activity_lines": [ 6.703693, 6.672967, 6.660925, 6.61853 ] }, { "date": "2025-09-19", "close": 6.5493, "volume": 55024, "typical_volume": 339080.35, "trend": 6.573523, "fair_value": 5.948304, "relative_strength": -3.282727, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.73788, "energy": 11.708264, "activity_lines": [ 6.65216, 6.6548, 6.651434, 6.615969 ] }, { "date": "2025-09-26", "close": 6.4981, "volume": 363697, "typical_volume": 349077.6, "trend": 6.56251, "fair_value": 5.957942, "relative_strength": -4.895383, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.027694, "energy": 9.515402, "activity_lines": [ 6.588607, 6.628571, 6.636864, 6.611103 ] }, { "date": "2025-10-03", "close": 6.5842, "volume": 88658, "typical_volume": 343246.8, "trend": 6.560623, "fair_value": 5.967926, "relative_strength": -5.969433, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.157625, "energy": 17.211403, "activity_lines": [ 6.57368, 6.619382, 6.630981, 6.612502 ] }, { "date": "2025-10-10", "close": 6.4755, "volume": 115471, "typical_volume": 338957.6, "trend": 6.56215, "fair_value": 5.977945, "relative_strength": -5.443203, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.385574, "energy": 25.72161, "activity_lines": [ 6.529947, 6.591769, 6.615558, 6.60701 ] }, { "date": "2025-10-17", "close": 6.462, "volume": 143318, "typical_volume": 331009.1, "trend": 6.561387, "fair_value": 5.988117, "relative_strength": -7.06288, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.010997, "energy": 44.832751, "activity_lines": [ 6.500673, 6.562018, 6.59918, 6.600549 ] }, { "date": "2025-10-24", "close": 6.7213, "volume": 351201, "typical_volume": 338178.45, "trend": 6.569413, "fair_value": 5.998272, "relative_strength": -5.558971, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.029664, "energy": 11.221681, "activity_lines": [ 6.569833, 6.582462, 6.608499, 6.610866 ] }, { "date": "2025-10-31", "close": 6.5486, "volume": 101861, "typical_volume": 151017.55, "trend": 6.583293, "fair_value": 6.008387, "relative_strength": -7.149301, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.693607, "energy": 10.415249, "activity_lines": [ 6.56996, 6.569755, 6.601432, 6.609523 ] }, { "date": "2025-11-07", "close": 6.6339, "volume": 239103, "typical_volume": 159608.75, "trend": 6.6027, "fair_value": 6.016803, "relative_strength": -3.782342, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.342949, "energy": 4.00414, "activity_lines": [ 6.595153, 6.577073, 6.602955, 6.612788 ] }, { "date": "2025-11-14", "close": 6.7988, "volume": 116655, "typical_volume": 157898.5, "trend": 6.62209, "fair_value": 6.026612, "relative_strength": -1.431985, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 22.807733, "energy": 21.492195, "activity_lines": [ 6.672, 6.615495, 6.61981, 6.62544 ] }, { "date": "2025-11-21", "close": 6.773, "volume": 77523, "typical_volume": 156414.4, "trend": 6.634123, "fair_value": 6.035449, "relative_strength": 0.875032, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 28.883187, "energy": 34.334202, "activity_lines": [ 6.718693, 6.648518, 6.633946, 6.635176 ] }, { "date": "2025-11-28", "close": 6.9805, "volume": 228481, "typical_volume": 156819.35, "trend": 6.649923, "fair_value": 6.044951, "relative_strength": 2.13738, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 76.525145, "energy": 68.214377, "activity_lines": [ 6.81382, 6.716887, 6.667628, 6.657523 ] }, { "date": "2025-12-05", "close": 6.9068, "volume": 72248, "typical_volume": 146804.8, "trend": 6.660133, "fair_value": 6.05413, "relative_strength": 0.61686, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.483532, "energy": 69.555354, "activity_lines": [ 6.8671, 6.764016, 6.692563, 6.674095 ] }, { "date": "2025-12-12", "close": 6.7129, "volume": 39779, "typical_volume": 144109.75, "trend": 6.65874, "fair_value": 6.062674, "relative_strength": -1.366393, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.775444, "energy": 58.121099, "activity_lines": [ 6.831867, 6.76846, 6.697449, 6.6775 ] }, { "date": "2025-12-19", "close": 6.7782, "volume": 207655, "typical_volume": 145314.1, "trend": 6.666513, "fair_value": 6.071633, "relative_strength": -0.916316, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.663221, "energy": 45.559598, "activity_lines": [ 6.813133, 6.782436, 6.708292, 6.685207 ] }, { "date": "2025-12-26", "close": 6.7833, "volume": 130102, "typical_volume": 139921.5, "trend": 6.67021, "fair_value": 6.080289, "relative_strength": -0.489195, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.660297, "energy": 28.683518, "activity_lines": [ 6.797473, 6.791836, 6.718262, 6.692741 ] }, { "date": "2026-01-02", "close": 6.681, "volume": 47095, "typical_volume": 140195.4, "trend": 6.668433, "fair_value": 6.088398, "relative_strength": -4.574675, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.816032, "energy": 17.663324, "activity_lines": [ 6.747027, 6.776795, 6.717758, 6.693437 ] }, { "date": "2026-01-09", "close": 6.8849, "volume": 70615, "typical_volume": 136747.8, "trend": 6.67638, "fair_value": 6.096737, "relative_strength": -3.638165, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.995618, "energy": 22.469483, "activity_lines": [ 6.784513, 6.799558, 6.736406, 6.707403 ] }, { "date": "2026-01-16", "close": 6.7188, "volume": 273262, "typical_volume": 149981.4, "trend": 6.681827, "fair_value": 6.104063, "relative_strength": -7.852558, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.850125, "energy": 15.03243, "activity_lines": [ 6.768093, 6.786007, 6.738816, 6.71014 ] }, { "date": "2026-01-23", "close": 6.5369, "volume": 143836, "typical_volume": 149349.75, "trend": 6.67492, "fair_value": 6.110304, "relative_strength": -9.175714, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.54841, "energy": 10.050671, "activity_lines": [ 6.690647, 6.73784, 6.723792, 6.70079 ] }, { "date": "2026-01-30", "close": 6.4705, "volume": 257577, "typical_volume": 156158.05, "trend": 6.666357, "fair_value": 6.114808, "relative_strength": -9.970895, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.764942, "energy": 27.42767, "activity_lines": [ 6.607153, 6.682362, 6.703507, 6.687601 ] }, { "date": "2026-02-06", "close": 6.3396, "volume": 88842, "typical_volume": 157848.95, "trend": 6.65708, "fair_value": 6.119976, "relative_strength": -10.967312, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.535063, "energy": 53.910206, "activity_lines": [ 6.50088, 6.608584, 6.671571, 6.66652 ] }, { "date": "2026-02-13", "close": 6.3839, "volume": 138283, "typical_volume": 146578.25, "trend": 6.650733, "fair_value": 6.125599, "relative_strength": -9.978739, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.163521, "energy": 73.148067, "activity_lines": [ 6.432133, 6.554513, 6.644853, 6.648896 ] }, { "date": "2026-02-20", "close": 6.4245, "volume": 70048, "typical_volume": 145647.75, "trend": 6.642953, "fair_value": 6.132529, "relative_strength": -11.249193, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.271429, "energy": 71.572173, "activity_lines": [ 6.41032, 6.517331, 6.622545, 6.6343 ] }, { "date": "2026-02-27", "close": 6.5306, "volume": 85069, "typical_volume": 144127.65, "trend": 6.64421, "fair_value": 6.139429, "relative_strength": -10.351686, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.405375, "energy": 62.757508, "activity_lines": [ 6.443493, 6.504684, 6.611103, 6.627051 ] }, { "date": "2026-03-06", "close": 6.1579, "volume": 231037, "typical_volume": 148513.6, "trend": 6.628483, "fair_value": 6.145218, "relative_strength": -11.200737, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.785118, "energy": 67.674215, "activity_lines": [ 6.352853, 6.428775, 6.563903, 6.595677 ] }, { "date": "2026-03-13", "close": 5.924, "volume": 154311, "typical_volume": 138669.1, "trend": 6.605117, "fair_value": 6.148794, "relative_strength": -16.121592, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.971654, "energy": 81.746969, "activity_lines": [ 6.205087, 6.321709, 6.495875, 6.550226 ] }, { "date": "2026-03-20", "close": 5.9261, "volume": 103482, "typical_volume": 138750.15, "trend": 6.576087, "fair_value": 6.152557, "relative_strength": -12.376782, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.69937, "energy": 86.990652, "activity_lines": [ 6.085727, 6.228789, 6.431843, 6.506418 ] }, { "date": "2026-03-27", "close": 5.8067, "volume": 279018, "typical_volume": 140745.9, "trend": 6.546457, "fair_value": 6.154256, "relative_strength": -13.759045, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.788211, "energy": 90.802821, "activity_lines": [ 5.957087, 6.131593, 6.359405, 6.456781 ] }, { "date": "2026-04-03", "close": 5.7779, "volume": 131941, "typical_volume": 141510.2, "trend": 6.513723, "fair_value": 6.155461, "relative_strength": -15.244066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.249204, "energy": 90.095306, "activity_lines": [ 5.860033, 6.045744, 6.288162, 6.407196 ] }, { "date": "2026-04-10", "close": 5.7527, "volume": 49864, "typical_volume": 140127.25, "trend": 6.48408, "fair_value": 6.15569, "relative_strength": -18.105381, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.800068, "energy": 88.672758, "activity_lines": [ 5.80476, 5.969113, 6.219381, 6.358098 ] }, { "date": "2026-04-17", "close": 5.8642, "volume": 398554, "typical_volume": 148630.9, "trend": 6.461243, "fair_value": 6.155624, "relative_strength": -17.254745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.216979, "energy": 79.897653, "activity_lines": [ 5.813667, 5.925805, 6.166078, 6.318106 ] }, { "date": "2026-04-24", "close": 5.6661, "volume": 688137, "typical_volume": 179425.35, "trend": 6.43351, "fair_value": 6.154347, "relative_strength": -19.406996, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.03017, "energy": 75.736654, "activity_lines": [ 5.760527, 5.855124, 6.099224, 6.266806 ] }, { "date": "2026-05-01", "close": 5.4583, "volume": 541048, "typical_volume": 204488.8, "trend": 6.39598, "fair_value": 6.152074, "relative_strength": -21.455115, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.897388, "energy": 71.568427, "activity_lines": [ 5.655453, 5.759711, 6.018487, 6.203889 ] }, { "date": "2026-05-08", "close": 5.287, "volume": 459031, "typical_volume": 217057.6, "trend": 6.356363, "fair_value": 6.149143, "relative_strength": -23.727451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.183112, "energy": 83.484417, "activity_lines": [ 5.516507, 5.65072, 5.92741, 6.132342 ] }, { "date": "2026-05-15", "close": 5.214, "volume": 375798, "typical_volume": 229342.4, "trend": 6.314763, "fair_value": 6.145685, "relative_strength": -23.804195, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.75103, "energy": 91.17106, "activity_lines": [ 5.385953, 5.551067, 5.836482, 6.058642 ] }, { "date": "2026-05-22", "close": 5.42, "volume": 539955, "typical_volume": 253985.4, "trend": 6.271387, "fair_value": 6.145004, "relative_strength": -22.99094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.465963, "energy": 80.747941, "activity_lines": [ 5.35998, 5.506031, 5.772646, 6.000915 ] }, { "date": "2026-05-29", "close": 5.226, "volume": 285752, "typical_volume": 264742.25, "trend": 6.2273, "fair_value": 6.142598, "relative_strength": -24.551626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.836742, "energy": 78.980198, "activity_lines": [ 5.298953, 5.434885, 5.696339, 5.933471 ] }, { "date": "2026-06-05", "close": 5.39, "volume": 39426, "typical_volume": 253050.45, "trend": 6.185837, "fair_value": 6.141526, "relative_strength": -22.183492, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.45128, "energy": 64.575479, "activity_lines": [ 5.321933, 5.406287, 5.64355, 5.879451 ] }, { "date": "2026-06-12", "close": 5.278, "volume": 246796, "typical_volume": 258198.45, "trend": 6.135143, "fair_value": 6.137982, "relative_strength": -26.129377, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.267023, "energy": 63.525519, "activity_lines": [ 5.312133, 5.364902, 5.586421, 5.820881 ] }, { "date": "2026-06-19", "close": 5.239, "volume": 164306, "typical_volume": 253534.9, "trend": 6.08401, "fair_value": 6.134435, "relative_strength": -25.962167, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.554878, "energy": 64.629834, "activity_lines": [ 5.289933, 5.325515, 5.531574, 5.763065 ] }, { "date": "2026-06-26", "close": 5.454, "volume": 91727, "typical_volume": 253679.15, "trend": 6.033127, "fair_value": 6.131739, "relative_strength": -21.151818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.738914, "energy": 51.140125, "activity_lines": [ 5.337733, 5.334558, 5.503067, 5.72242 ] }, { "date": "2026-07-03", "close": 5.483, "volume": 181056, "typical_volume": 255817.8, "trend": 5.985667, "fair_value": 6.130163, "relative_strength": -21.835272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.322227, "energy": 44.793717, "activity_lines": [ 5.392933, 5.356333, 5.481539, 5.686928 ] }, { "date": "2026-07-10", "close": 5.454, "volume": 645932, "typical_volume": 284612.0, "trend": 5.943703, "fair_value": 6.127235, "relative_strength": -21.824535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.69979, "energy": 34.224724, "activity_lines": [ 5.421333, 5.376164, 5.461539, 5.652626 ] }, { "date": "2026-07-17", "close": 5.398, "volume": 1671011, "typical_volume": 363909.1, "trend": 5.897697, "fair_value": 6.123412, "relative_strength": -22.651707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.234888, "energy": 24.78182, "activity_lines": [ 5.4268, 5.385891, 5.440827, 5.61742 ] }, { "date": "2026-07-24", "close": 5.383, "volume": 402975, "typical_volume": 372506.0, "trend": 5.85102, "fair_value": 6.119988, "relative_strength": -22.16436, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.712063, "energy": 25.065957, "activity_lines": [ 5.419267, 5.390873, 5.42408, 5.584214 ] }, { "date": "2026-07-31", "close": 5.51, "volume": 1315399, "typical_volume": 430560.4, "trend": 5.811987, "fair_value": 6.118878, "relative_strength": -20.429783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.83844, "energy": 21.113441, "activity_lines": [ 5.444467, 5.415873, 5.423118, 5.562212 ] }, { "date": "2026-08-07", "close": 5.738, "volume": 488087, "typical_volume": 449790.65, "trend": 5.773757, "fair_value": 6.12011, "relative_strength": -17.48035, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.578018, "energy": 9.538439, "activity_lines": [ 5.541933, 5.480691, 5.445841, 5.557439 ] } ], "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." } } }