{ "ticker": { "uuid": "abd934c6-f785-4d58-968c-0ed7f50756db", "symbol": "EXSB", "name": "iShares DivDAX UCITS ETF (DE)", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 84.998, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 54.15, "architecture_energy": 55.669, "architecture_maturity": 4.616, "architecture_confidence": 75.213, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 27.34, "rotation_up": 75.61, "upward_expansion": 53.56, "deceleration": 33.21, "rotation_down": 16.03, "downward_expansion": 14.23 }, "activity_lines": [ 21.698175, 21.37056, 21.311225, 21.290621 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 21.995001, "trend_reference": 21.298571, "distance_from_trend": 0.032698, "trend_direction": "Improving", "fair_value": 18.995128, "distance_from_fair_value": 0.157929, "fair_value_direction": "Improving", "relative_strength": -4.990213, "relative_strength_direction": "Weakening", "price_momentum": 0.013828, "excess_performance": -0.069055, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.032698, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.006208, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.157929, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.007737, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.049902, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.058826, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.013828, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.055724, "read": "Demand-led" } ], "volume": { "latest": 2866, "relative_activity": 1.71663, "balance": 1.055724, "dry_up": 0.987542, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.015261, "annualized_volatility": 0.15412, "from_high_reference": -0.006998, "from_low_reference": 0.142954 }, "levels": { "trend_reference": 21.298571, "fair_value_reference": 18.995128, "structural_low": 19.586, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": -0.014598, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.013473, "regime_survival": 0.25, "best_return": 0.124911, "worst_return": -0.180712, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.104699, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.081622, "regime_survival": 0.0, "best_return": 0.134831, "worst_return": -0.123502, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.086629, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.00977, "regime_survival": 0.0, "best_return": 0.107532, "worst_return": -0.189118, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.007509, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.004791, "regime_survival": 0.0, "best_return": 0.035497, "worst_return": -0.050516, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-22", "end": "2025-01-17", "tenure": "Developing", "return": 0.056023, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-24", "end": "2025-02-07", "tenure": "New", "return": 0.007415, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-04-04", "tenure": "Developing", "return": -0.034889, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-11", "end": "2025-04-25", "tenure": "New", "return": 0.108826, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-05-16", "tenure": "New", "return": 0.0345, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-09-12", "tenure": "Established", "return": -9.1e-05, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-19", "end": "2025-10-31", "tenure": "Developing", "return": 0.017874, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2025-11-28", "tenure": "New", "return": 0.023395, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-05", "end": "2026-03-13", "tenure": "Established", "return": -0.007641, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-04-17", "tenure": "Developing", "return": 0.09775, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-05-29", "tenure": "Developing", "return": -0.012874, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-06-26", "tenure": "New", "return": -0.040049, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-03", "end": "2026-07-31", "tenure": "Developing", "return": 0.03492, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 16.739506, "volume": 102, "typical_volume": 1456.0, "trend": 17.138787, "fair_value": 16.807803, "relative_strength": 5.426895, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.120391, "energy": 32.26873, "activity_lines": [ 17.00892, 17.108815, 17.169953, 17.149927 ] }, { "date": "2023-08-25", "close": 16.627197, "volume": 250, "typical_volume": 1073.25, "trend": 17.121884, "fair_value": 16.817113, "relative_strength": 3.287887, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -70.638298, "energy": 64.933921, "activity_lines": [ 16.844451, 17.008397, 17.115229, 17.116922 ] }, { "date": "2023-09-01", "close": 16.765709, "volume": 3167, "typical_volume": 1231.6, "trend": 17.095938, "fair_value": 16.827828, "relative_strength": 2.788083, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.534606, "energy": 66.643689, "activity_lines": [ 16.775444, 16.949388, 17.075437, 17.093943 ] }, { "date": "2023-09-08", "close": 16.634686, "volume": 0, "typical_volume": 1231.6, "trend": 17.080717, "fair_value": 16.835206, "relative_strength": 2.905176, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.30556, "energy": 72.26614, "activity_lines": [ 16.708683, 16.871754, 17.025928, 17.064184 ] }, { "date": "2023-09-15", "close": 17.022146, "volume": 260, "typical_volume": 1244.6, "trend": 17.070298, "fair_value": 16.845822, "relative_strength": 2.710695, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.883811, "energy": 55.171354, "activity_lines": [ 16.796033, 16.879608, 17.016171, 17.060406 ] }, { "date": "2023-09-22", "close": 16.980967, "volume": 0, "typical_volume": 821.3, "trend": 17.0699, "fair_value": 16.86179, "relative_strength": 3.854265, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.818472, "energy": 30.790362, "activity_lines": [ 16.870406, 16.878971, 17.003977, 17.054642 ] }, { "date": "2023-09-29", "close": 16.614096, "volume": 220, "typical_volume": 832.3, "trend": 17.041406, "fair_value": 16.874169, "relative_strength": 1.753335, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.630579, "energy": 37.817955, "activity_lines": [ 16.806391, 16.815466, 16.958997, 17.025236 ] }, { "date": "2023-10-06", "close": 16.273428, "volume": 220, "typical_volume": 843.3, "trend": 17.019452, "fair_value": 16.881729, "relative_strength": 0.556768, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.979053, "energy": 57.638576, "activity_lines": [ 16.629694, 16.703703, 16.883989, 16.975689 ] }, { "date": "2023-10-13", "close": 16.03758, "volume": 0, "typical_volume": 843.3, "trend": 17.013081, "fair_value": 16.889566, "relative_strength": -1.670983, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.3643, "energy": 85.633927, "activity_lines": [ 16.407199, 16.570533, 16.791786, 16.912342 ] }, { "date": "2023-10-20", "close": 15.378706, "volume": 0, "typical_volume": 843.3, "trend": 16.982123, "fair_value": 16.896373, "relative_strength": -0.846834, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.823992, "energy": 96.661598, "activity_lines": [ 16.004886, 16.335231, 16.642243, 16.806899 ] }, { "date": "2023-10-27", "close": 15.367476, "volume": 2, "typical_volume": 843.4, "trend": 16.924602, "fair_value": 16.90909, "relative_strength": -0.836146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.771957, "energy": 95.617682, "activity_lines": [ 15.708393, 16.127971, 16.500206, 16.702728 ] }, { "date": "2023-11-03", "close": 15.919658, "volume": 565, "typical_volume": 871.65, "trend": 16.888828, "fair_value": 16.918029, "relative_strength": 0.075064, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.204236, "energy": 88.213167, "activity_lines": [ 15.703527, 16.046055, 16.418759, 16.637893 ] }, { "date": "2023-11-10", "close": 15.882221, "volume": 0, "typical_volume": 871.65, "trend": 16.840054, "fair_value": 16.919821, "relative_strength": -0.06081, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.593856, "energy": 86.085059, "activity_lines": [ 15.732477, 15.970196, 16.341366, 16.57295 ] }, { "date": "2023-11-17", "close": 16.295891, "volume": 13, "typical_volume": 872.1, "trend": 16.808805, "fair_value": 16.923147, "relative_strength": 0.67914, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.983906, "energy": 55.891403, "activity_lines": [ 15.925398, 15.985613, 16.308937, 16.537843 ] }, { "date": "2023-11-24", "close": 16.29776, "volume": 3000, "typical_volume": 965.5, "trend": 16.774259, "fair_value": 16.924411, "relative_strength": -0.735732, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.190678, "energy": 31.127944, "activity_lines": [ 16.101721, 16.00753, 16.28224, 16.504872 ] }, { "date": "2023-12-01", "close": 16.206041, "volume": 0, "typical_volume": 927.0, "trend": 16.733354, "fair_value": 16.925152, "relative_strength": -1.459932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.60312, "energy": 27.878248, "activity_lines": [ 16.186201, 16.025941, 16.249994, 16.468213 ] }, { "date": "2023-12-08", "close": 16.801273, "volume": 0, "typical_volume": 842.0, "trend": 16.722672, "fair_value": 16.931816, "relative_strength": 0.325426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.691469, "energy": 22.428273, "activity_lines": [ 16.413187, 16.166666, 16.279132, 16.472595 ] }, { "date": "2023-12-15", "close": 17.042736, "volume": 1, "typical_volume": 686.85, "trend": 16.711458, "fair_value": 16.935444, "relative_strength": 0.522505, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 19.044123, "energy": 33.117529, "activity_lines": [ 16.661887, 16.34789, 16.333957, 16.493244 ] }, { "date": "2023-12-22", "close": 16.902351, "volume": 1575, "typical_volume": 765.6, "trend": 16.702405, "fair_value": 16.939151, "relative_strength": -0.101411, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.858156, "energy": 40.429778, "activity_lines": [ 16.786424, 16.489602, 16.377374, 16.50556 ] }, { "date": "2023-12-29", "close": 16.659018, "volume": 0, "typical_volume": 468.75, "trend": 16.685061, "fair_value": 16.94032, "relative_strength": -1.518271, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.787783, "energy": 39.178138, "activity_lines": [ 16.789419, 16.571349, 16.398124, 16.502761 ] }, { "date": "2024-01-05", "close": 16.739506, "volume": 600, "typical_volume": 493.65, "trend": 16.67478, "fair_value": 16.939692, "relative_strength": -1.511095, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.92034, "energy": 49.209743, "activity_lines": [ 16.79516, 16.644452, 16.428323, 16.506273 ] }, { "date": "2024-01-12", "close": 16.71143, "volume": 575, "typical_volume": 509.9, "trend": 16.647842, "fair_value": 16.940948, "relative_strength": -2.009425, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.839599, "energy": 30.678861, "activity_lines": [ 16.755978, 16.687503, 16.455847, 16.508638 ] }, { "date": "2024-01-19", "close": 16.535479, "volume": 500, "typical_volume": 376.55, "trend": 16.63064, "fair_value": 16.940087, "relative_strength": -2.373916, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 5.910542, "energy": 13.607409, "activity_lines": [ 16.664135, 16.684168, 16.466214, 16.501389 ] }, { "date": "2024-01-26", "close": 16.78443, "volume": 0, "typical_volume": 376.55, "trend": 16.608055, "fair_value": 16.943928, "relative_strength": -2.941573, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.272017, "energy": 15.589085, "activity_lines": [ 16.689092, 16.714219, 16.501386, 16.511311 ] }, { "date": "2024-02-02", "close": 16.700197, "volume": 610, "typical_volume": 394.05, "trend": 16.599165, "fair_value": 16.941175, "relative_strength": -2.06157, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.186531, "energy": 14.66045, "activity_lines": [ 16.693834, 16.720073, 16.527823, 16.517255 ] }, { "date": "2024-02-09", "close": 16.60848, "volume": 732, "typical_volume": 430.65, "trend": 16.579716, "fair_value": 16.938947, "relative_strength": -1.251158, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 11.198448, "energy": 11.548726, "activity_lines": [ 16.665258, 16.701934, 16.547058, 16.517856 ] }, { "date": "2024-02-16", "close": 17.149427, "volume": 3953, "typical_volume": 617.3, "trend": 16.572478, "fair_value": 16.939943, "relative_strength": 0.020748, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": 52.903486, "energy": 52.547936, "activity_lines": [ 16.825732, 16.774831, 16.619585, 16.554612 ] }, { "date": "2024-02-23", "close": 17.400249, "volume": 5270, "typical_volume": 869.8, "trend": 16.570669, "fair_value": 16.942519, "relative_strength": -0.151691, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 85.818613, "energy": 82.419295, "activity_lines": [ 17.040614, 16.887003, 16.713451, 16.608016 ] }, { "date": "2024-03-01", "close": 17.843866, "volume": 0, "typical_volume": 869.8, "trend": 16.598496, "fair_value": 16.944111, "relative_strength": 2.430464, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.592572, "energy": 95.371022, "activity_lines": [ 17.345718, 17.073332, 16.844201, 16.690158 ] }, { "date": "2024-03-08", "close": 17.710968, "volume": 3500, "typical_volume": 1044.8, "trend": 16.621083, "fair_value": 16.941458, "relative_strength": 0.396641, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.35315, "energy": 93.460221, "activity_lines": [ 17.535892, 17.218379, 16.953692, 16.76193 ] }, { "date": "2024-03-15", "close": 17.987995, "volume": 3666, "typical_volume": 1228.0, "trend": 16.662699, "fair_value": 16.939197, "relative_strength": 1.69895, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.612864, "energy": 95.455434, "activity_lines": [ 17.751025, 17.394668, 17.078461, 16.850118 ] }, { "date": "2024-03-22", "close": 18.470919, "volume": 918, "typical_volume": 1245.65, "trend": 16.724156, "fair_value": 16.939407, "relative_strength": 4.576972, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.517239, "energy": 98.268472, "activity_lines": [ 18.035164, 17.636062, 17.236744, 16.966778 ] }, { "date": "2024-03-29", "close": 18.905178, "volume": 5336, "typical_volume": 1512.45, "trend": 16.795472, "fair_value": 16.939713, "relative_strength": 6.22208, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 96.681427, "energy": 98.6844, "activity_lines": [ 18.375957, 17.924422, 17.424236, 17.107489 ] }, { "date": "2024-04-05", "close": 18.717999, "volume": 3285, "typical_volume": 1676.05, "trend": 16.864916, "fair_value": 16.93901, "relative_strength": 7.160687, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.513218, "energy": 92.805279, "activity_lines": [ 18.554028, 18.135663, 17.579506, 17.231523 ] }, { "date": "2024-04-12", "close": 18.379202, "volume": 290, "typical_volume": 1540.55, "trend": 16.910151, "fair_value": 16.934962, "relative_strength": 6.180156, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.409472, "energy": 68.49366, "activity_lines": [ 18.560892, 18.25015, 17.690976, 17.329219 ] }, { "date": "2024-04-19", "close": 18.05538, "volume": 2277, "typical_volume": 1654.4, "trend": 16.945965, "fair_value": 16.930143, "relative_strength": 4.95189, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.213724, "energy": 66.159288, "activity_lines": [ 18.415265, 18.275232, 17.761695, 17.403104 ] }, { "date": "2024-04-26", "close": 18.60569, "volume": 9576, "typical_volume": 2133.2, "trend": 17.012351, "fair_value": 16.9304, "relative_strength": 7.524851, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.587605, "energy": 65.203292, "activity_lines": [ 18.448583, 18.374063, 17.876017, 17.510183 ] }, { "date": "2024-05-03", "close": 18.36797, "volume": 4, "typical_volume": 2133.35, "trend": 17.082169, "fair_value": 16.926932, "relative_strength": 6.660945, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.246208, "energy": 49.587837, "activity_lines": [ 18.393677, 18.403195, 17.959107, 17.597643 ] }, { "date": "2024-05-10", "close": 18.98473, "volume": 501, "typical_volume": 2079.65, "trend": 17.180408, "fair_value": 16.926712, "relative_strength": 5.554285, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.856925, "energy": 60.955201, "activity_lines": [ 18.580171, 18.52687, 18.094626, 17.720389 ] }, { "date": "2024-05-17", "close": 19.279537, "volume": 1730, "typical_volume": 2166.15, "trend": 17.310435, "fair_value": 16.928788, "relative_strength": 4.531044, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.236202, "energy": 70.849897, "activity_lines": [ 18.847152, 18.683403, 18.248305, 17.855816 ] }, { "date": "2024-05-24", "close": 19.068958, "volume": 270, "typical_volume": 2149.65, "trend": 17.433818, "fair_value": 16.929081, "relative_strength": 4.184525, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.440631, "energy": 70.623411, "activity_lines": [ 18.983917, 18.77313, 18.36945, 17.969269 ] }, { "date": "2024-05-31", "close": 18.933254, "volume": 504, "typical_volume": 2146.1, "trend": 17.534271, "fair_value": 16.926764, "relative_strength": 2.748542, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.622705, "energy": 76.115279, "activity_lines": [ 19.007876, 18.81853, 18.466579, 18.066007 ] }, { "date": "2024-06-07", "close": 18.558893, "volume": 14709, "typical_volume": 2856.55, "trend": 17.623494, "fair_value": 16.922428, "relative_strength": -1.369332, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.809363, "energy": 55.889765, "activity_lines": [ 18.885211, 18.787458, 18.517474, 18.132112 ] }, { "date": "2024-06-14", "close": 17.695995, "volume": 760, "typical_volume": 2894.55, "trend": 17.670164, "fair_value": 16.91392, "relative_strength": -4.230853, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 18.663211, "energy": 15.995345, "activity_lines": [ 18.462184, 18.605791, 18.476553, 18.136789 ] }, { "date": "2024-06-21", "close": 17.808304, "volume": 4853, "typical_volume": 3106.7, "trend": 17.720515, "fair_value": 16.904826, "relative_strength": -3.323552, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.159972, "energy": 21.318986, "activity_lines": [ 18.16251, 18.463126, 18.441987, 18.145702 ] }, { "date": "2024-06-28", "close": 18.102173, "volume": 9327, "typical_volume": 3536.45, "trend": 17.78372, "fair_value": 16.898432, "relative_strength": -1.524396, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.752621, "energy": 27.312119, "activity_lines": [ 18.058874, 18.384272, 18.430132, 18.170325 ] }, { "date": "2024-07-05", "close": 18.439098, "volume": 500, "typical_volume": 3363.8, "trend": 17.838314, "fair_value": 16.897105, "relative_strength": 0.236297, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.907832, "energy": 24.748931, "activity_lines": [ 18.131998, 18.365826, 18.443252, 18.212607 ] }, { "date": "2024-07-12", "close": 18.78351, "volume": 184, "typical_volume": 3109.5, "trend": 17.89634, "fair_value": 16.897071, "relative_strength": -0.82104, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.021634, "energy": 18.033287, "activity_lines": [ 18.352871, 18.41303, 18.483033, 18.273588 ] }, { "date": "2024-07-19", "close": 18.280128, "volume": 0, "typical_volume": 3109.5, "trend": 17.942265, "fair_value": 16.89331, "relative_strength": -1.899656, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.570437, "energy": 17.925745, "activity_lines": [ 18.390975, 18.361154, 18.468285, 18.298348 ] }, { "date": "2024-07-26", "close": 18.090435, "volume": 1820, "typical_volume": 3025.5, "trend": 17.989979, "fair_value": 16.890718, "relative_strength": -3.379109, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.607245, "energy": 13.210414, "activity_lines": [ 18.326906, 18.287599, 18.433393, 18.307907 ] }, { "date": "2024-08-02", "close": 16.905828, "volume": 0, "typical_volume": 2842.2, "trend": 17.995523, "fair_value": 16.880227, "relative_strength": -6.795777, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -44.824734, "energy": 40.279461, "activity_lines": [ 17.849159, 18.020282, 18.283875, 18.237962 ] }, { "date": "2024-08-09", "close": 16.867115, "volume": 6314, "typical_volume": 3112.0, "trend": 18.000713, "fair_value": 16.866355, "relative_strength": -6.798391, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.002548, "energy": 74.323841, "activity_lines": [ 17.438264, 17.785255, 18.135824, 18.165162 ] }, { "date": "2024-08-16", "close": 17.726536, "volume": 0, "typical_volume": 2845.2, "trend": 18.040415, "fair_value": 16.860598, "relative_strength": -4.535244, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.21126, "energy": 65.081959, "activity_lines": [ 17.418641, 17.744053, 18.077259, 18.147473 ] }, { "date": "2024-08-23", "close": 18.034304, "volume": 1132, "typical_volume": 2737.55, "trend": 18.082077, "fair_value": 16.856454, "relative_strength": -4.057351, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.635924, "energy": 59.74842, "activity_lines": [ 17.572073, 17.773942, 18.053617, 18.147079 ] }, { "date": "2024-08-30", "close": 18.084629, "volume": 2, "typical_volume": 2723.15, "trend": 18.128225, "fair_value": 16.852799, "relative_strength": -4.407086, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.66717, "energy": 25.315244, "activity_lines": [ 17.758668, 17.80683, 18.038025, 18.147243 ] }, { "date": "2024-09-06", "close": 17.682016, "volume": 537, "typical_volume": 2636.15, "trend": 18.16401, "fair_value": 16.847976, "relative_strength": -2.345784, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -41.807185, "energy": 22.978728, "activity_lines": [ 17.811446, 17.761492, 17.985491, 18.118455 ] }, { "date": "2024-09-13", "close": 17.803961, "volume": 8704, "typical_volume": 2592.55, "trend": 18.185827, "fair_value": 16.842799, "relative_strength": -2.675822, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.213725, "energy": 22.630092, "activity_lines": [ 17.853127, 17.745965, 17.946348, 18.095227 ] }, { "date": "2024-09-20", "close": 18.045916, "volume": 530, "typical_volume": 2618.85, "trend": 18.20735, "fair_value": 16.840116, "relative_strength": -0.462876, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.572687, "energy": 19.270293, "activity_lines": [ 17.913002, 17.785978, 17.934067, 18.0862 ] }, { "date": "2024-09-27", "close": 18.727259, "volume": 34764, "typical_volume": 4332.0, "trend": 18.236796, "fair_value": 16.843325, "relative_strength": 0.742878, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.563782, "energy": 11.430218, "activity_lines": [ 18.1787, 17.963282, 17.988209, 18.119743 ] }, { "date": "2024-10-04", "close": 18.274321, "volume": 1, "typical_volume": 4245.55, "trend": 18.255574, "fair_value": 16.844407, "relative_strength": 0.22053, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.843965, "energy": 16.614606, "activity_lines": [ 18.247222, 18.050104, 18.000441, 18.122164 ] }, { "date": "2024-10-11", "close": 18.314968, "volume": 50, "typical_volume": 4234.55, "trend": 18.266474, "fair_value": 16.845028, "relative_strength": -0.899471, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.632983, "energy": 22.225357, "activity_lines": [ 18.316646, 18.140973, 18.02133, 18.125995 ] }, { "date": "2024-10-18", "close": 18.516275, "volume": 1060, "typical_volume": 4262.35, "trend": 18.267985, "fair_value": 16.847717, "relative_strength": -1.232885, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.690128, "energy": 33.781728, "activity_lines": [ 18.410976, 18.242823, 18.064981, 18.142112 ] }, { "date": "2024-10-25", "close": 18.19496, "volume": 0, "typical_volume": 3526.9, "trend": 18.244311, "fair_value": 16.848816, "relative_strength": -1.815575, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.814116, "energy": 25.033693, "activity_lines": [ 18.350714, 18.256266, 18.080017, 18.1374 ] }, { "date": "2024-11-01", "close": 17.954941, "volume": 0, "typical_volume": 3488.9, "trend": 18.218876, "fair_value": 16.847047, "relative_strength": -1.350033, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.762297, "energy": 15.005813, "activity_lines": [ 18.200508, 18.217554, 18.073927, 18.118731 ] }, { "date": "2024-11-08", "close": 17.385866, "volume": 9486, "typical_volume": 3720.55, "trend": 18.185765, "fair_value": 16.841131, "relative_strength": -3.06647, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.539426, "energy": 31.645155, "activity_lines": [ 17.912099, 18.076816, 18.012407, 18.064989 ] }, { "date": "2024-11-15", "close": 17.221336, "volume": 6044, "typical_volume": 3556.4, "trend": 18.157964, "fair_value": 16.83574, "relative_strength": -2.529274, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -75.697672, "energy": 62.735964, "activity_lines": [ 17.628077, 17.918868, 17.937228, 18.002767 ] }, { "date": "2024-11-22", "close": 17.033579, "volume": 1310, "typical_volume": 3596.9, "trend": 18.10556, "fair_value": 16.834092, "relative_strength": -4.27451, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.623724, "energy": 81.207084, "activity_lines": [ 17.354379, 17.735159, 17.848362, 17.930226 ] }, { "date": "2024-11-29", "close": 17.39167, "volume": 0, "typical_volume": 3587.7, "trend": 18.073017, "fair_value": 16.83678, "relative_strength": -2.645875, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.40051, "energy": 75.99684, "activity_lines": [ 17.29889, 17.630564, 17.800293, 17.884169 ] }, { "date": "2024-12-06", "close": 17.778799, "volume": 2979, "typical_volume": 3736.65, "trend": 18.032819, "fair_value": 16.837985, "relative_strength": -0.607303, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.930695, "energy": 67.52862, "activity_lines": [ 17.425997, 17.608251, 17.795721, 17.865187 ] }, { "date": "2024-12-13", "close": 18.142698, "volume": 6048, "typical_volume": 3948.05, "trend": 17.994924, "fair_value": 16.841661, "relative_strength": 2.137858, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.744372, "energy": 20.825514, "activity_lines": [ 17.686146, 17.669347, 17.828194, 17.872276 ] }, { "date": "2024-12-20", "close": 17.314245, "volume": 3637, "typical_volume": 4129.9, "trend": 17.936434, "fair_value": 16.839222, "relative_strength": 0.117098, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.732622, "energy": 23.467561, "activity_lines": [ 17.619689, 17.582208, 17.781517, 17.828361 ] }, { "date": "2024-12-27", "close": 17.25037, "volume": 1, "typical_volume": 3814.25, "trend": 17.880338, "fair_value": 16.835376, "relative_strength": -2.002666, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.040997, "energy": 26.016261, "activity_lines": [ 17.525746, 17.501651, 17.726813, 17.784099 ] }, { "date": "2025-01-03", "close": 17.496195, "volume": 17644, "typical_volume": 4696.45, "trend": 17.844914, "fair_value": 16.829363, "relative_strength": -0.913605, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.759862, "energy": 24.935151, "activity_lines": [ 17.499292, 17.488805, 17.693695, 17.759316 ] }, { "date": "2025-01-10", "close": 17.420706, "volume": 393, "typical_volume": 4659.5, "trend": 17.835738, "fair_value": 16.821396, "relative_strength": -2.731967, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.065525, "energy": 48.273211, "activity_lines": [ 17.440707, 17.474939, 17.654484, 17.731948 ] }, { "date": "2025-01-17", "close": 17.987848, "volume": 10, "typical_volume": 4659.9, "trend": 17.841723, "fair_value": 16.820476, "relative_strength": -1.248466, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.210349, "energy": 15.235173, "activity_lines": [ 17.595042, 17.573903, 17.672209, 17.741761 ] }, { "date": "2025-01-24", "close": 18.533695, "volume": 6958, "typical_volume": 4980.95, "trend": 17.856107, "fair_value": 16.820947, "relative_strength": -0.754979, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.749604, "energy": 26.465651, "activity_lines": [ 17.94165, 17.761166, 17.742381, 17.786405 ] }, { "date": "2025-01-31", "close": 18.876303, "volume": 2, "typical_volume": 4545.85, "trend": 17.87068, "fair_value": 16.823503, "relative_strength": -1.42206, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 44.271179, "energy": 59.302789, "activity_lines": [ 18.321163, 17.986861, 17.841126, 17.852224 ] }, { "date": "2025-02-07", "close": 18.671125, "volume": 5811, "typical_volume": 4809.9, "trend": 17.866934, "fair_value": 16.821167, "relative_strength": -2.446292, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 70.829078, "energy": 78.199908, "activity_lines": [ 18.523888, 18.141747, 17.915224, 17.903865 ] }, { "date": "2025-02-14", "close": 19.390213, "volume": 501, "typical_volume": 3096.75, "trend": 17.903937, "fair_value": 16.828432, "relative_strength": -0.626745, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.750734, "energy": 90.589061, "activity_lines": [ 18.887981, 18.404113, 18.054829, 18.002141 ] }, { "date": "2025-02-21", "close": 19.120193, "volume": 12004, "typical_volume": 3696.9, "trend": 17.938262, "fair_value": 16.84311, "relative_strength": -2.788039, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.997906, "energy": 86.269347, "activity_lines": [ 19.030766, 18.588087, 18.165561, 18.080609 ] }, { "date": "2025-02-28", "close": 19.554743, "volume": 2980, "typical_volume": 3843.4, "trend": 18.02656, "fair_value": 16.871419, "relative_strength": -0.944733, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.905162, "energy": 90.799226, "activity_lines": [ 19.242912, 18.833297, 18.313651, 18.184898 ] }, { "date": "2025-03-07", "close": 20.498365, "volume": 7664, "typical_volume": 4173.6, "trend": 18.147601, "fair_value": 16.897837, "relative_strength": 3.200576, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.628778, "energy": 95.89223, "activity_lines": [ 19.701528, 19.209338, 18.545706, 18.34437 ] }, { "date": "2025-03-14", "close": 20.532238, "volume": 106021, "typical_volume": 9474.65, "trend": 18.241125, "fair_value": 16.921123, "relative_strength": 4.585649, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.035255, "energy": 93.589211, "activity_lines": [ 20.063299, 19.532483, 18.771548, 18.498217 ] }, { "date": "2025-03-21", "close": 19.903158, "volume": 9989, "typical_volume": 9974.1, "trend": 18.30342, "fair_value": 16.942694, "relative_strength": 0.231576, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.989032, "energy": 85.884299, "activity_lines": [ 20.091301, 19.686049, 18.926348, 18.605445 ] }, { "date": "2025-03-28", "close": 19.685398, "volume": 7462, "typical_volume": 9872.9, "trend": 18.356779, "fair_value": 16.96176, "relative_strength": 1.049563, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.947346, "energy": 69.753333, "activity_lines": [ 20.012521, 19.754887, 19.051132, 18.694605 ] }, { "date": "2025-04-04", "close": 18.713711, "volume": 4525, "typical_volume": 9796.95, "trend": 18.391168, "fair_value": 16.976306, "relative_strength": 5.917374, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.117844, "energy": 42.110352, "activity_lines": [ 19.572164, 19.616191, 19.072424, 18.717633 ] }, { "date": "2025-04-11", "close": 17.412964, "volume": 12267, "typical_volume": 10344.8, "trend": 18.378135, "fair_value": 16.982502, "relative_strength": 2.226971, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -0.203188, "energy": 18.347693, "activity_lines": [ 18.754294, 19.237722, 18.962729, 18.654523 ] }, { "date": "2025-04-18", "close": 18.382715, "volume": 1900, "typical_volume": 10439.8, "trend": 18.389362, "fair_value": 16.99314, "relative_strength": 4.051557, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 12.789749, "energy": 28.224747, "activity_lines": [ 18.465368, 19.062177, 18.943585, 18.654819 ] }, { "date": "2025-04-25", "close": 19.307951, "volume": 8946, "typical_volume": 10738.15, "trend": 18.408718, "fair_value": 17.011539, "relative_strength": 6.747797, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 23.335142, "energy": 29.101145, "activity_lines": [ 18.628155, 19.060101, 19.007839, 18.714082 ] }, { "date": "2025-05-02", "close": 19.300207, "volume": 4163, "typical_volume": 10643.9, "trend": 18.442914, "fair_value": 17.03144, "relative_strength": 4.062179, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 18.957231, "energy": 20.994348, "activity_lines": [ 18.828042, 19.058112, 19.064074, 18.771598 ] }, { "date": "2025-05-09", "close": 19.743467, "volume": 548, "typical_volume": 10489.45, "trend": 18.490531, "fair_value": 17.051112, "relative_strength": 7.893283, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.122447, "energy": 27.994409, "activity_lines": [ 19.201361, 19.133443, 19.157012, 18.855504 ] }, { "date": "2025-05-16", "close": 19.966064, "volume": 12509, "typical_volume": 11114.85, "trend": 18.538857, "fair_value": 17.073596, "relative_strength": 6.894888, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 56.341766, "energy": 47.671161, "activity_lines": [ 19.580228, 19.245816, 19.259582, 18.9507 ] }, { "date": "2025-05-23", "close": 19.583778, "volume": 4262, "typical_volume": 10445.75, "trend": 18.585151, "fair_value": 17.091024, "relative_strength": 6.010827, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.70148, "energy": 52.148058, "activity_lines": [ 19.661461, 19.298359, 19.312812, 19.018114 ] }, { "date": "2025-05-30", "close": 20.024134, "volume": 10, "typical_volume": 10426.6, "trend": 18.654124, "fair_value": 17.109932, "relative_strength": 8.060508, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.785507, "energy": 65.303767, "activity_lines": [ 19.809408, 19.448213, 19.398039, 19.110952 ] }, { "date": "2025-06-06", "close": 20.009617, "volume": 2979, "typical_volume": 10575.05, "trend": 18.741583, "fair_value": 17.131509, "relative_strength": 6.627359, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.121673, "energy": 66.536207, "activity_lines": [ 19.90477, 19.593227, 19.469487, 19.198403 ] }, { "date": "2025-06-13", "close": 19.61281, "volume": 0, "typical_volume": 10227.15, "trend": 18.821299, "fair_value": 17.158639, "relative_strength": 6.211281, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.960939, "energy": 40.031007, "activity_lines": [ 19.820569, 19.660199, 19.493517, 19.254611 ] }, { "date": "2025-06-20", "close": 19.51119, "volume": 0, "typical_volume": 10227.05, "trend": 18.903886, "fair_value": 17.187435, "relative_strength": 7.886058, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.651306, "energy": 34.530481, "activity_lines": [ 19.711206, 19.692348, 19.502729, 19.29912 ] }, { "date": "2025-06-27", "close": 19.535385, "volume": 4847, "typical_volume": 10178.85, "trend": 18.975343, "fair_value": 17.21897, "relative_strength": 6.872839, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.653483, "energy": 23.663169, "activity_lines": [ 19.640232, 19.690747, 19.511223, 19.339862 ] }, { "date": "2025-07-04", "close": 19.554743, "volume": 1337, "typical_volume": 10220.65, "trend": 19.034541, "fair_value": 17.250751, "relative_strength": 6.918547, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.93787, "energy": 17.095381, "activity_lines": [ 19.578937, 19.671707, 19.517445, 19.377243 ] }, { "date": "2025-07-11", "close": 20.014456, "volume": 0, "typical_volume": 9620.45, "trend": 19.096933, "fair_value": 17.286984, "relative_strength": 9.535612, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.075354, "energy": 27.837228, "activity_lines": [ 19.702173, 19.731765, 19.566665, 19.440463 ] }, { "date": "2025-07-18", "close": 19.799999, "volume": 17588, "typical_volume": 10350.85, "trend": 19.179791, "fair_value": 17.320064, "relative_strength": 7.746537, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.031311, "energy": 32.239106, "activity_lines": [ 19.753601, 19.739844, 19.591203, 19.485822 ] }, { "date": "2025-07-25", "close": 20.555, "volume": 61, "typical_volume": 9970.7, "trend": 19.289946, "fair_value": 17.357227, "relative_strength": 11.770911, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.805472, "energy": 73.718154, "activity_lines": [ 20.044216, 19.884168, 19.686477, 19.574545 ] }, { "date": "2025-08-01", "close": 19.870001, "volume": 7112, "typical_volume": 5025.25, "trend": 19.369073, "fair_value": 17.388553, "relative_strength": 8.792005, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.449311, "energy": 58.915718, "activity_lines": [ 20.03691, 19.893239, 19.716244, 19.611968 ] }, { "date": "2025-08-08", "close": 20.4, "volume": 23, "typical_volume": 4526.95, "trend": 19.468382, "fair_value": 17.423059, "relative_strength": 10.991838, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.921251, "energy": 64.126119, "activity_lines": [ 20.183964, 19.993469, 19.79964, 19.67848 ] }, { "date": "2025-08-15", "close": 20.745001, "volume": 3643, "typical_volume": 4336.0, "trend": 19.560287, "fair_value": 17.46183, "relative_strength": 10.567304, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.428558, "energy": 76.105286, "activity_lines": [ 20.389667, 20.149593, 19.913528, 19.760842 ] }, { "date": "2025-08-22", "close": 20.775, "volume": 361, "typical_volume": 4127.8, "trend": 19.634998, "fair_value": 17.504361, "relative_strength": 8.693357, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.285355, "energy": 72.21868, "activity_lines": [ 20.556667, 20.2978, 20.025227, 19.839211 ] }, { "date": "2025-08-29", "close": 20.145, "volume": 2179, "typical_volume": 3623.4, "trend": 19.677288, "fair_value": 17.540685, "relative_strength": 5.805942, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.393692, "energy": 61.062053, "activity_lines": [ 20.448667, 20.310332, 20.067111, 19.872114 ] }, { "date": "2025-09-05", "close": 20.004999, "volume": 140, "typical_volume": 3535.4, "trend": 19.72175, "fair_value": 17.576204, "relative_strength": 3.348081, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.987017, "energy": 40.608252, "activity_lines": [ 20.321333, 20.285885, 20.082651, 19.893257 ] }, { "date": "2025-09-12", "close": 19.582001, "volume": 12477, "typical_volume": 3711.95, "trend": 19.728143, "fair_value": 17.610973, "relative_strength": 2.469137, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.347833, "energy": 13.359753, "activity_lines": [ 20.044, 20.17599, 20.050181, 19.884241 ] }, { "date": "2025-09-19", "close": 19.358, "volume": 5453, "typical_volume": 3776.45, "trend": 19.73607, "fair_value": 17.649801, "relative_strength": 1.893174, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.975673, "energy": 20.428293, "activity_lines": [ 19.746533, 20.024873, 19.995072, 19.860361 ] }, { "date": "2025-09-26", "close": 19.49, "volume": 82, "typical_volume": 3753.15, "trend": 19.733912, "fair_value": 17.691586, "relative_strength": 4.003451, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.435275, "energy": 32.077701, "activity_lines": [ 19.585533, 19.909691, 19.952259, 19.844485 ] }, { "date": "2025-10-03", "close": 19.996, "volume": 2313, "typical_volume": 3243.35, "trend": 19.717166, "fair_value": 17.734183, "relative_strength": 1.683792, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.816774, "energy": 25.235302, "activity_lines": [ 19.678867, 19.892146, 19.958844, 19.861394 ] }, { "date": "2025-10-10", "close": 19.798, "volume": 616, "typical_volume": 3061.05, "trend": 19.692692, "fair_value": 17.774145, "relative_strength": 0.786931, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.032862, "energy": 17.879718, "activity_lines": [ 19.716133, 19.848764, 19.946429, 19.866609 ] }, { "date": "2025-10-17", "close": 19.548, "volume": 5, "typical_volume": 3060.8, "trend": 19.680853, "fair_value": 17.808742, "relative_strength": -1.821832, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.094966, "energy": 11.681476, "activity_lines": [ 19.683867, 19.761236, 19.909185, 19.857274 ] }, { "date": "2025-10-24", "close": 19.524, "volume": 100, "typical_volume": 2916.85, "trend": 19.675473, "fair_value": 17.83956, "relative_strength": -1.419345, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.873555, "energy": 16.616763, "activity_lines": [ 19.645867, 19.684836, 19.871922, 19.847155 ] }, { "date": "2025-10-31", "close": 19.704, "volume": 0, "typical_volume": 2916.85, "trend": 19.708483, "fair_value": 17.870797, "relative_strength": 2.065715, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.296622, "energy": 16.943249, "activity_lines": [ 19.6568, 19.663364, 19.854114, 19.848995 ] }, { "date": "2025-11-07", "close": 20.09, "volume": 0, "typical_volume": 2916.85, "trend": 19.797717, "fair_value": 17.899541, "relative_strength": 3.323559, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.074699, "energy": 8.723546, "activity_lines": [ 19.782133, 19.731545, 19.872635, 19.873609 ] }, { "date": "2025-11-14", "close": 20.35, "volume": 6161, "typical_volume": 2982.55, "trend": 19.863293, "fair_value": 17.929402, "relative_strength": 1.717499, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 34.389685, "energy": 24.844984, "activity_lines": [ 19.987867, 19.848, 19.91316, 19.90924 ] }, { "date": "2025-11-21", "close": 20.139999, "volume": 200, "typical_volume": 2925.7, "trend": 19.891028, "fair_value": 17.957526, "relative_strength": 0.509358, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.421368, "energy": 33.439421, "activity_lines": [ 20.0868, 19.92, 19.929807, 19.927092 ] }, { "date": "2025-11-28", "close": 20.559999, "volume": 16, "typical_volume": 2926.5, "trend": 19.933021, "fair_value": 17.987872, "relative_strength": 0.844932, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 74.841851, "energy": 67.176498, "activity_lines": [ 20.286266, 20.058218, 19.983667, 19.970252 ] }, { "date": "2025-12-05", "close": 20.940001, "volume": 13, "typical_volume": 2047.75, "trend": 19.972906, "fair_value": 18.021789, "relative_strength": 1.76132, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.679635, "energy": 84.605486, "activity_lines": [ 20.543333, 20.243673, 20.071119, 20.035218 ] }, { "date": "2025-12-12", "close": 21.165001, "volume": 0, "typical_volume": 2044.7, "trend": 20.01287, "fair_value": 18.060568, "relative_strength": 3.131041, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.038843, "energy": 92.845522, "activity_lines": [ 20.793, 20.443673, 20.174571, 20.112127 ] }, { "date": "2025-12-19", "close": 21.014999, "volume": 0, "typical_volume": 1689.1, "trend": 20.060578, "fair_value": 18.09811, "relative_strength": 0.099161, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.230976, "energy": 90.748221, "activity_lines": [ 20.921, 20.595145, 20.260833, 20.176781 ] }, { "date": "2025-12-26", "close": 21.01, "volume": 30, "typical_volume": 1689.45, "trend": 20.09344, "fair_value": 18.136193, "relative_strength": -0.578441, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.952411, "energy": 88.592089, "activity_lines": [ 21.003, 20.723582, 20.341167, 20.238034 ] }, { "date": "2026-01-02", "close": 21.184999, "volume": 8652, "typical_volume": 1939.9, "trend": 20.132619, "fair_value": 18.167551, "relative_strength": -0.047134, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.942311, "energy": 91.214264, "activity_lines": [ 21.085333, 20.857254, 20.435262, 20.308457 ] }, { "date": "2026-01-09", "close": 21.389999, "volume": 5, "typical_volume": 1922.1, "trend": 20.191859, "fair_value": 18.195669, "relative_strength": -0.379927, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.731176, "energy": 92.292162, "activity_lines": [ 21.194333, 20.998, 20.546785, 20.389578 ] }, { "date": "2026-01-16", "close": 21.48, "volume": 0, "typical_volume": 1813.15, "trend": 20.257486, "fair_value": 18.225557, "relative_strength": -0.020957, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.415807, "energy": 90.473145, "activity_lines": [ 21.303333, 21.124454, 20.663952, 20.472684 ] }, { "date": "2026-01-23", "close": 21.115, "volume": 1100, "typical_volume": 1861.15, "trend": 20.31014, "fair_value": 18.251074, "relative_strength": 0.154569, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.859149, "energy": 65.140202, "activity_lines": [ 21.269666, 21.159272, 20.74, 20.528008 ] }, { "date": "2026-01-30", "close": 21.084999, "volume": 0, "typical_volume": 1237.3, "trend": 20.361148, "fair_value": 18.273772, "relative_strength": -0.419426, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.774216, "energy": 62.384838, "activity_lines": [ 21.219333, 21.174727, 20.807904, 20.577999 ] }, { "date": "2026-02-06", "close": 21.695, "volume": 30, "typical_volume": 966.15, "trend": 20.417167, "fair_value": 18.303283, "relative_strength": 0.445294, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.750617, "energy": 68.658128, "activity_lines": [ 21.367333, 21.283909, 20.926747, 20.664054 ] }, { "date": "2026-02-13", "close": 21.745001, "volume": 0, "typical_volume": 962.05, "trend": 20.482, "fair_value": 18.331554, "relative_strength": -0.679658, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.701073, "energy": 68.480903, "activity_lines": [ 21.498, 21.381545, 21.039224, 20.74972 ] }, { "date": "2026-02-20", "close": 21.879999, "volume": 10276, "typical_volume": 1360.2, "trend": 20.526167, "fair_value": 18.362882, "relative_strength": -2.050654, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.428602, "energy": 88.202668, "activity_lines": [ 21.65, 21.489091, 21.153819, 20.839914 ] }, { "date": "2026-02-27", "close": 22.07, "volume": 2332, "typical_volume": 1446.0, "trend": 20.5995, "fair_value": 18.392376, "relative_strength": -2.372435, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.158677, "energy": 93.912345, "activity_lines": [ 21.838667, 21.618182, 21.277538, 20.939516 ] }, { "date": "2026-03-06", "close": 20.775, "volume": 4363, "typical_volume": 1663.9, "trend": 20.612, "fair_value": 18.41701, "relative_strength": -1.675634, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.41381, "energy": 50.650897, "activity_lines": [ 21.532, 21.492636, 21.267105, 20.950839 ] }, { "date": "2026-03-13", "close": 20.780001, "volume": 151, "typical_volume": 1666.45, "trend": 20.613167, "fair_value": 18.446185, "relative_strength": 0.276589, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.635726, "energy": 22.476577, "activity_lines": [ 21.247667, 21.372273, 21.251305, 20.961677 ] }, { "date": "2026-03-20", "close": 20.0, "volume": 28769, "typical_volume": 3104.9, "trend": 20.587333, "fair_value": 18.469856, "relative_strength": 0.451411, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -20.001438, "energy": 31.007842, "activity_lines": [ 20.764334, 21.117455, 21.155238, 20.922118 ] }, { "date": "2026-03-27", "close": 20.545, "volume": 9573, "typical_volume": 3583.55, "trend": 20.600667, "fair_value": 18.491983, "relative_strength": 1.020646, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.271169, "energy": 36.914229, "activity_lines": [ 20.579, 20.987, 21.109667, 20.919387 ] }, { "date": "2026-04-03", "close": 21.1, "volume": 250, "typical_volume": 3288.0, "trend": 20.637167, "fair_value": 18.518311, "relative_strength": 0.436796, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": -0.272914, "energy": 23.726631, "activity_lines": [ 20.667667, 20.974455, 21.114786, 20.951602 ] }, { "date": "2026-04-10", "close": 22.035, "volume": 1000, "typical_volume": 3328.0, "trend": 20.718933, "fair_value": 18.548372, "relative_strength": 3.135995, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 45.073456, "energy": 21.916412, "activity_lines": [ 21.132667, 21.132182, 21.205381, 21.041785 ] }, { "date": "2026-04-17", "close": 21.955, "volume": 0, "typical_volume": 3327.2, "trend": 20.8055, "fair_value": 18.578639, "relative_strength": 0.828104, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 53.08981, "energy": 36.851067, "activity_lines": [ 21.487, 21.258091, 21.279333, 21.121531 ] }, { "date": "2026-04-24", "close": 21.75, "volume": 0, "typical_volume": 3326.55, "trend": 20.880833, "fair_value": 18.606946, "relative_strength": 1.794126, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.054125, "energy": 46.34743, "activity_lines": [ 21.694667, 21.342, 21.327119, 21.182467 ] }, { "date": "2026-05-01", "close": 21.695, "volume": 4860, "typical_volume": 3569.55, "trend": 20.937467, "fair_value": 18.634265, "relative_strength": 1.702903, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.902919, "energy": 51.823474, "activity_lines": [ 21.767333, 21.415818, 21.36581, 21.234993 ] }, { "date": "2026-05-08", "close": 21.465, "volume": 37, "typical_volume": 3571.4, "trend": 20.993033, "fair_value": 18.662106, "relative_strength": 0.892387, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.276291, "energy": 55.972299, "activity_lines": [ 21.686667, 21.451182, 21.380071, 21.269028 ] }, { "date": "2026-05-15", "close": 21.209999, "volume": 4965, "typical_volume": 3818.15, "trend": 21.048433, "fair_value": 18.686663, "relative_strength": -1.190955, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.946366, "energy": 24.231333, "activity_lines": [ 21.496666, 21.451182, 21.367905, 21.283026 ] }, { "date": "2026-05-22", "close": 21.32, "volume": 0, "typical_volume": 3385.55, "trend": 21.1083, "fair_value": 18.71324, "relative_strength": -2.729828, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.280339, "energy": 13.723357, "activity_lines": [ 21.398333, 21.463273, 21.365262, 21.300546 ] }, { "date": "2026-05-29", "close": 21.469999, "volume": 2480, "typical_volume": 3509.3, "trend": 21.167167, "fair_value": 18.740745, "relative_strength": -2.270232, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.587378, "energy": 15.097869, "activity_lines": [ 21.392333, 21.492818, 21.376262, 21.323882 ] }, { "date": "2026-06-05", "close": 21.290001, "volume": 2530, "typical_volume": 3635.8, "trend": 21.207167, "fair_value": 18.767937, "relative_strength": -1.93931, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.242233, "energy": 14.203897, "activity_lines": [ 21.345, 21.462909, 21.369738, 21.331806 ] }, { "date": "2026-06-12", "close": 20.767628, "volume": 0, "typical_volume": 3580.8, "trend": 21.221087, "fair_value": 18.788758, "relative_strength": -6.466179, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.797522, "energy": 17.709961, "activity_lines": [ 21.150543, 21.324478, 21.314369, 21.303449 ] }, { "date": "2026-06-19", "close": 20.563643, "volume": 0, "typical_volume": 3580.8, "trend": 21.235209, "fair_value": 18.811272, "relative_strength": -7.663538, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -48.180101, "energy": 54.780021, "activity_lines": [ 20.934582, 21.155001, 21.241228, 21.261033 ] }, { "date": "2026-06-26", "close": 20.437366, "volume": 0, "typical_volume": 3579.3, "trend": 21.231121, "fair_value": 18.830345, "relative_strength": -10.6116, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -81.286871, "energy": 82.721911, "activity_lines": [ 20.719619, 20.989318, 21.158542, 21.20956 ] }, { "date": "2026-07-03", "close": 21.165886, "volume": 0, "typical_volume": 3579.3, "trend": 21.238651, "fair_value": 18.857261, "relative_strength": -8.859257, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.463036, "energy": 72.35389, "activity_lines": [ 20.806339, 20.983685, 21.151228, 21.205351 ] }, { "date": "2026-07-10", "close": 20.937616, "volume": 1101, "typical_volume": 3120.55, "trend": 21.231071, "fair_value": 18.881272, "relative_strength": -8.419123, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.017863, "energy": 70.139314, "activity_lines": [ 20.837242, 20.94717, 21.124932, 21.185929 ] }, { "date": "2026-07-17", "close": 21.235001, "volume": 0, "typical_volume": 3003.95, "trend": 21.238405, "fair_value": 18.90607, "relative_strength": -7.631527, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.033411, "energy": 26.449075, "activity_lines": [ 20.990767, 20.978495, 21.131446, 21.186183 ] }, { "date": "2026-07-24", "close": 21.49, "volume": 3729, "typical_volume": 2972.25, "trend": 21.254405, "fair_value": 18.931938, "relative_strength": -6.167756, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -5.444832, "energy": 18.014986, "activity_lines": [ 21.198133, 21.060365, 21.166221, 21.202415 ] }, { "date": "2026-07-31", "close": 21.905001, "volume": 0, "typical_volume": 2964.7, "trend": 21.278405, "fair_value": 18.963322, "relative_strength": -4.307145, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 31.284563, "energy": 36.552579, "activity_lines": [ 21.482075, 21.212599, 21.237116, 21.244389 ] }, { "date": "2026-08-07", "close": 21.995001, "volume": 2866, "typical_volume": 1669.55, "trend": 21.298571, "fair_value": 18.995128, "relative_strength": -4.990213, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 54.149961, "energy": 55.668885, "activity_lines": [ 21.698175, 21.37056, 21.311225, 21.290621 ] } ], "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." } } }