{ "ticker": { "uuid": "addd020f-33e5-4f35-99f0-37f0274c98c5", "symbol": "3182", "name": "W.I.S.E. Nasdaq China New Economy Companies ESG Index Tracker", "exchange": "HKG", "country": "HK", "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": "^HSI", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 58.224, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "mixed", "architecture_direction": 47.688, "architecture_energy": 49.024, "architecture_maturity": 86.068, "architecture_confidence": 81.048, "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": 29.09, "rotation_up": 72.47, "upward_expansion": 43.61, "deceleration": 40.89, "rotation_down": 14.02, "downward_expansion": 18.61 }, "activity_lines": [ 12.627333, 12.232727, 12.135762, 12.221806 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 13.16, "trend_reference": 12.465333, "distance_from_trend": 0.055728, "trend_direction": "Weakening", "fair_value": 10.984712, "distance_from_fair_value": 0.198029, "fair_value_direction": "Improving", "relative_strength": 1.763648, "relative_strength_direction": "Improving", "price_momentum": -0.009036, "excess_performance": 0.024545, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.055728, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.03232, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.198029, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.04376, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.017636, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.085522, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.009036, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.051282, "read": "Supply-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 0.051282, "dry_up": 0.0, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.030804, "annualized_volatility": 0.19258, "from_high_reference": -0.126742, "from_low_reference": 0.195277 }, "levels": { "trend_reference": 12.465333, "fair_value_reference": 10.984712, "structural_low": 11.01, "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": 31, "median_return": -0.001505, "positive_rate": 0.483871, "directional_follow_through": 0.516129, "median_excess_return": 0.000263, "regime_survival": 0.806452, "best_return": 0.209033, "worst_return": -0.182609, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.000343, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.003962, "regime_survival": 0.5, "best_return": 0.203835, "worst_return": -0.290236, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.05246, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.017824, "regime_survival": 0.333333, "best_return": 0.473814, "worst_return": -0.192935, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.004541, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.086915, "regime_survival": 0.0, "best_return": 0.088067, "worst_return": -0.332609, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-23", "end": "2024-09-20", "tenure": "Developing", "return": 0.064079, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-27", "end": "2024-10-11", "tenure": "New", "return": 0.17019, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2024-11-15", "tenure": "Developing", "return": -0.055556, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-22", "end": "2024-12-20", "tenure": "Developing", "return": 0.053553, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-27", "end": "2025-01-10", "tenure": "New", "return": -0.052734, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-01-31", "tenure": "New", "return": 0.044612, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-04-04", "tenure": "Developing", "return": 0.044465, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-11", "end": "2025-05-23", "tenure": "Developing", "return": 0.117983, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-30", "end": "2025-10-31", "tenure": "Established", "return": 0.175918, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-07", "end": "2025-12-19", "tenure": "Developing", "return": -0.034841, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-26", "end": "2026-01-02", "tenure": "New", "return": 0.018462, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-09", "end": "2026-01-16", "tenure": "New", "return": 0.026061, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-02-27", "tenure": "Developing", "return": -0.055434, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-06", "end": "2026-08-07", "tenure": "Established", "return": 0.066451, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 10.05, "volume": 0, "typical_volume": 435.0, "trend": 10.759333, "fair_value": 14.347179, "relative_strength": 1.751894, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -21.203021, "energy": 21.087795, "activity_lines": [ 10.636667, 10.565455, 10.42031, 10.500376 ] }, { "date": "2023-08-25", "close": 10.15, "volume": 3000, "typical_volume": 585.0, "trend": 10.665, "fair_value": 14.309231, "relative_strength": 1.875777, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.215077, "energy": 16.818836, "activity_lines": [ 10.448667, 10.502455, 10.396262, 10.461065 ] }, { "date": "2023-09-01", "close": 10.55, "volume": 0, "typical_volume": 555.0, "trend": 10.602667, "fair_value": 14.275, "relative_strength": 4.395461, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -27.58485, "energy": 20.551182, "activity_lines": [ 10.413333, 10.524909, 10.41431, 10.453645 ] }, { "date": "2023-09-08", "close": 10.39, "volume": 0, "typical_volume": 530.0, "trend": 10.555667, "fair_value": 14.242692, "relative_strength": 3.834072, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.014941, "energy": 24.529956, "activity_lines": [ 10.364, 10.508636, 10.418786, 10.439925 ] }, { "date": "2023-09-15", "close": 10.41, "volume": 258400, "typical_volume": 13450.0, "trend": 10.514333, "fair_value": 14.208654, "relative_strength": 4.106535, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -31.162986, "energy": 19.064617, "activity_lines": [ 10.374, 10.488, 10.425833, 10.430527 ] }, { "date": "2023-09-22", "close": 10.2, "volume": 0, "typical_volume": 13450.0, "trend": 10.488667, "fair_value": 14.178141, "relative_strength": 2.657999, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.668194, "energy": 15.959309, "activity_lines": [ 10.337333, 10.420182, 10.412595, 10.410247 ] }, { "date": "2023-09-29", "close": 10.13, "volume": 1500, "typical_volume": 13525.0, "trend": 10.442667, "fair_value": 14.144359, "relative_strength": 3.335029, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.421272, "energy": 25.240229, "activity_lines": [ 10.267333, 10.348, 10.393119, 10.387108 ] }, { "date": "2023-10-06", "close": 9.865, "volume": 600, "typical_volume": 13555.0, "trend": 10.423167, "fair_value": 14.104519, "relative_strength": 2.474723, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.301906, "energy": 44.861917, "activity_lines": [ 10.110333, 10.233273, 10.348405, 10.349839 ] }, { "date": "2023-10-13", "close": 10.06, "volume": 0, "typical_volume": 13555.0, "trend": 10.4005, "fair_value": 14.063686, "relative_strength": 2.514992, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.492415, "energy": 48.232843, "activity_lines": [ 10.064, 10.177182, 10.323, 10.326409 ] }, { "date": "2023-10-20", "close": 9.595, "volume": 0, "typical_volume": 13480.0, "trend": 10.354, "fair_value": 14.019423, "relative_strength": 1.33359, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.524346, "energy": 65.053119, "activity_lines": [ 9.884667, 10.056909, 10.251643, 10.274441 ] }, { "date": "2023-10-27", "close": 9.955, "volume": 0, "typical_volume": 13480.0, "trend": 10.311833, "fair_value": 13.976314, "relative_strength": 3.591488, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.246819, "energy": 59.764968, "activity_lines": [ 9.879667, 10.023273, 10.216333, 10.248699 ] }, { "date": "2023-11-03", "close": 9.975, "volume": 0, "typical_volume": 13440.0, "trend": 10.278, "fair_value": 13.922949, "relative_strength": 2.238726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.122861, "energy": 48.617398, "activity_lines": [ 9.897667, 9.995, 10.184095, 10.226968 ] }, { "date": "2023-11-10", "close": 9.865, "volume": 0, "typical_volume": 13440.0, "trend": 10.2435, "fair_value": 13.869199, "relative_strength": 3.749033, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.072897, "energy": 44.24378, "activity_lines": [ 9.889333, 9.949909, 10.145548, 10.200323 ] }, { "date": "2023-11-17", "close": 9.995, "volume": 0, "typical_volume": 13440.0, "trend": 10.225667, "fair_value": 13.815064, "relative_strength": 3.560312, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.918485, "energy": 28.735206, "activity_lines": [ 9.924333, 9.940909, 10.120119, 10.18429 ] }, { "date": "2023-11-24", "close": 10.08, "volume": 0, "typical_volume": 13440.0, "trend": 10.216667, "fair_value": 13.759551, "relative_strength": 3.673935, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.742698, "energy": 20.70177, "activity_lines": [ 9.992, 9.954545, 10.102571, 10.174892 ] }, { "date": "2023-12-01", "close": 9.58, "volume": 1300, "typical_volume": 13505.0, "trend": 10.193, "fair_value": 13.703333, "relative_strength": 2.782691, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.234511, "energy": 35.65405, "activity_lines": [ 9.860667, 9.883273, 10.036619, 10.133817 ] }, { "date": "2023-12-08", "close": 9.17, "volume": 0, "typical_volume": 13505.0, "trend": 10.161, "fair_value": 13.644295, "relative_strength": 1.4236, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.370504, "energy": 64.091049, "activity_lines": [ 9.617667, 9.748727, 9.936762, 10.067817 ] }, { "date": "2023-12-15", "close": 9.23, "volume": 0, "typical_volume": 13505.0, "trend": 10.134667, "fair_value": 13.583718, "relative_strength": -0.625288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.480479, "energy": 73.569979, "activity_lines": [ 9.448333, 9.642545, 9.848667, 10.007753 ] }, { "date": "2023-12-22", "close": 8.71, "volume": 0, "typical_volume": 13240.0, "trend": 10.101333, "fair_value": 13.520256, "relative_strength": -3.511937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.710593, "energy": 88.466377, "activity_lines": [ 9.148, 9.453364, 9.720143, 9.915839 ] }, { "date": "2023-12-29", "close": 9.26, "volume": 0, "typical_volume": 13240.0, "trend": 10.077833, "fair_value": 13.452436, "relative_strength": -1.611852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.550568, "energy": 79.399747, "activity_lines": [ 9.116667, 9.388727, 9.655762, 9.861559 ] }, { "date": "2024-01-05", "close": 8.885, "volume": 0, "typical_volume": 13240.0, "trend": 10.034, "fair_value": 13.376699, "relative_strength": -2.567624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.219027, "energy": 81.413659, "activity_lines": [ 9.015, 9.262, 9.56281, 9.784602 ] }, { "date": "2024-01-12", "close": 8.765, "volume": 0, "typical_volume": 13090.0, "trend": 9.9645, "fair_value": 13.298141, "relative_strength": -2.048427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.491606, "energy": 83.005705, "activity_lines": [ 8.919667, 9.132909, 9.463976, 9.702731 ] }, { "date": "2024-01-19", "close": 8.12, "volume": 0, "typical_volume": 13090.0, "trend": 9.901167, "fair_value": 13.205705, "relative_strength": -3.585701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.759367, "energy": 88.406833, "activity_lines": [ 8.636333, 8.908545, 9.31031, 9.583731 ] }, { "date": "2024-01-26", "close": 8.235, "volume": 0, "typical_volume": 13090.0, "trend": 9.844, "fair_value": 13.12016, "relative_strength": -5.981255, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.598398, "energy": 88.145588, "activity_lines": [ 8.465333, 8.736818, 9.179167, 9.476237 ] }, { "date": "2024-02-02", "close": 7.875, "volume": 0, "typical_volume": 170.0, "trend": 9.776, "fair_value": 13.022051, "relative_strength": -7.452767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.279279, "energy": 91.901686, "activity_lines": [ 8.206, 8.531636, 9.024, 9.349204 ] }, { "date": "2024-02-09", "close": 8.155, "volume": 0, "typical_volume": 170.0, "trend": 9.6925, "fair_value": 12.917147, "relative_strength": -5.329196, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.755801, "energy": 84.515898, "activity_lines": [ 8.132333, 8.417455, 8.907571, 9.244624 ] }, { "date": "2024-02-16", "close": 8.61, "volume": 0, "typical_volume": 95.0, "trend": 9.6315, "fair_value": 12.818494, "relative_strength": -3.55709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.915914, "energy": 62.314272, "activity_lines": [ 8.259, 8.411909, 8.844214, 9.174785 ] }, { "date": "2024-02-23", "close": 8.765, "volume": 0, "typical_volume": 65.0, "trend": 9.552333, "fair_value": 12.739551, "relative_strength": -4.004364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.186261, "energy": 47.070626, "activity_lines": [ 8.447667, 8.444727, 8.802857, 9.118882 ] }, { "date": "2024-03-01", "close": 8.79, "volume": 0, "typical_volume": 65.0, "trend": 9.472667, "fair_value": 12.664744, "relative_strength": -2.837028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.844542, "energy": 30.798513, "activity_lines": [ 8.601667, 8.490545, 8.769119, 9.069699 ] }, { "date": "2024-03-08", "close": 8.485, "volume": 0, "typical_volume": 65.0, "trend": 9.396833, "fair_value": 12.587981, "relative_strength": -4.780617, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.00001, "energy": 27.029203, "activity_lines": [ 8.617, 8.479455, 8.712381, 9.005978 ] }, { "date": "2024-03-15", "close": 8.885, "volume": 100, "typical_volume": 70.0, "trend": 9.358, "fair_value": 12.515833, "relative_strength": -2.418228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.235501, "energy": 24.483192, "activity_lines": [ 8.725, 8.555182, 8.699024, 8.972957 ] }, { "date": "2024-03-22", "close": 8.67, "volume": 0, "typical_volume": 70.0, "trend": 9.308667, "fair_value": 12.450385, "relative_strength": -3.411779, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.283725, "energy": 20.196379, "activity_lines": [ 8.712667, 8.591818, 8.670286, 8.92857 ] }, { "date": "2024-03-29", "close": 8.71, "volume": 0, "typical_volume": 70.0, "trend": 9.247333, "fair_value": 12.380513, "relative_strength": -3.131975, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.855336, "energy": 17.82457, "activity_lines": [ 8.709667, 8.637455, 8.651571, 8.889946 ] }, { "date": "2024-04-05", "close": 8.68, "volume": 0, "typical_volume": 70.0, "trend": 9.190333, "fair_value": 12.313077, "relative_strength": -4.446265, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.570228, "energy": 13.346458, "activity_lines": [ 8.700333, 8.666909, 8.6355, 8.853344 ] }, { "date": "2024-04-12", "close": 8.725, "volume": 0, "typical_volume": 70.0, "trend": 9.134167, "fair_value": 12.247532, "relative_strength": -3.898869, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.953939, "energy": 13.470246, "activity_lines": [ 8.713333, 8.696455, 8.629976, 8.823323 ] }, { "date": "2024-04-19", "close": 8.325, "volume": 0, "typical_volume": 5.0, "trend": 9.071667, "fair_value": 12.176474, "relative_strength": -5.454466, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.19227, "energy": 29.707183, "activity_lines": [ 8.577, 8.637818, 8.59281, 8.771118 ] }, { "date": "2024-04-26", "close": 9.18, "volume": 0, "typical_volume": 5.0, "trend": 9.04, "fair_value": 12.1125, "relative_strength": -4.172397, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.42761, "energy": 5.725761, "activity_lines": [ 8.763, 8.731545, 8.643048, 8.778108 ] }, { "date": "2024-05-03", "close": 9.59, "volume": 2500, "typical_volume": 130.0, "trend": 9.030833, "fair_value": 12.056218, "relative_strength": -4.381054, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.624614, "energy": 44.852703, "activity_lines": [ 9.051667, 8.889455, 8.732286, 8.813591 ] }, { "date": "2024-05-10", "close": 9.625, "volume": 1900, "typical_volume": 225.0, "trend": 9.016333, "fair_value": 12.006891, "relative_strength": -6.472049, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.730032, "energy": 64.47467, "activity_lines": [ 9.293333, 9.038727, 8.823143, 8.851925 ] }, { "date": "2024-05-17", "close": 9.99, "volume": 0, "typical_volume": 225.0, "trend": 9.0295, "fair_value": 11.952019, "relative_strength": -5.839828, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 59.631807, "energy": 81.960752, "activity_lines": [ 9.593667, 9.239182, 8.944405, 8.914742 ] }, { "date": "2024-05-24", "close": 9.245, "volume": 0, "typical_volume": 225.0, "trend": 9.005833, "fair_value": 11.891859, "relative_strength": -8.369592, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.660257, "energy": 69.997679, "activity_lines": [ 9.561333, 9.276818, 8.991238, 8.928645 ] }, { "date": "2024-05-31", "close": 8.945, "volume": 0, "typical_volume": 225.0, "trend": 8.9715, "fair_value": 11.82625, "relative_strength": -8.646539, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.68128, "energy": 47.644164, "activity_lines": [ 9.367667, 9.253364, 9.007786, 8.92472 ] }, { "date": "2024-06-07", "close": 9.115, "volume": 0, "typical_volume": 225.0, "trend": 8.9465, "fair_value": 11.761603, "relative_strength": -8.269716, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.045549, "energy": 22.307867, "activity_lines": [ 9.246333, 9.255818, 9.039667, 8.933978 ] }, { "date": "2024-06-14", "close": 8.91, "volume": 0, "typical_volume": 225.0, "trend": 8.910333, "fair_value": 11.694423, "relative_strength": -8.061493, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 30.197169, "energy": 25.695176, "activity_lines": [ 9.088333, 9.213636, 9.047286, 8.931624 ] }, { "date": "2024-06-21", "close": 8.74, "volume": 0, "typical_volume": 225.0, "trend": 8.865667, "fair_value": 11.6225, "relative_strength": -10.103439, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.14442, "energy": 22.528682, "activity_lines": [ 8.921333, 9.136364, 9.0355, 8.920634 ] }, { "date": "2024-06-28", "close": 8.465, "volume": 1500, "typical_volume": 300.0, "trend": 8.8285, "fair_value": 11.551442, "relative_strength": -11.256416, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.836905, "energy": 29.425138, "activity_lines": [ 8.746, 9.008818, 8.993405, 8.894785 ] }, { "date": "2024-07-05", "close": 8.49, "volume": 0, "typical_volume": 300.0, "trend": 8.805833, "fair_value": 11.487981, "relative_strength": -11.199872, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.5375, "energy": 36.802191, "activity_lines": [ 8.631, 8.883273, 8.952214, 8.872946 ] }, { "date": "2024-07-12", "close": 8.76, "volume": 0, "typical_volume": 300.0, "trend": 8.790167, "fair_value": 11.422404, "relative_strength": -10.624205, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.636968, "energy": 30.579905, "activity_lines": [ 8.636333, 8.819364, 8.93731, 8.869989 ] }, { "date": "2024-07-19", "close": 8.375, "volume": 1500, "typical_volume": 375.0, "trend": 8.779, "fair_value": 11.358141, "relative_strength": -10.041602, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.996563, "energy": 48.354951, "activity_lines": [ 8.537, 8.700545, 8.885762, 8.843204 ] }, { "date": "2024-07-26", "close": 8.16, "volume": 0, "typical_volume": 375.0, "trend": 8.742333, "fair_value": 11.301346, "relative_strength": -10.051244, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.267562, "energy": 58.966585, "activity_lines": [ 8.401667, 8.565364, 8.815714, 8.803269 ] }, { "date": "2024-08-02", "close": 8.055, "volume": 0, "typical_volume": 370.0, "trend": 8.714667, "fair_value": 11.242981, "relative_strength": -10.498792, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.655666, "energy": 67.06249, "activity_lines": [ 8.27, 8.444364, 8.737214, 8.758925 ] }, { "date": "2024-08-09", "close": 8.195, "volume": 0, "typical_volume": 370.0, "trend": 8.695667, "fair_value": 11.186731, "relative_strength": -9.436968, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.683953, "energy": 66.634716, "activity_lines": [ 8.212333, 8.370455, 8.676, 8.725398 ] }, { "date": "2024-08-16", "close": 8.17, "volume": 0, "typical_volume": 370.0, "trend": 8.697333, "fair_value": 11.142692, "relative_strength": -11.180056, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.154283, "energy": 75.756269, "activity_lines": [ 8.166, 8.305636, 8.614667, 8.691484 ] }, { "date": "2024-08-23", "close": 8.115, "volume": 0, "typical_volume": 370.0, "trend": 8.693333, "fair_value": 11.08875, "relative_strength": -12.371913, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.118502, "energy": 79.153338, "activity_lines": [ 8.140667, 8.248, 8.550667, 8.653914 ] }, { "date": "2024-08-30", "close": 8.325, "volume": 0, "typical_volume": 370.0, "trend": 8.708333, "fair_value": 11.031667, "relative_strength": -11.628854, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.083842, "energy": 61.445477, "activity_lines": [ 8.202667, 8.243, 8.509357, 8.630151 ] }, { "date": "2024-09-06", "close": 8.175, "volume": 0, "typical_volume": 370.0, "trend": 8.709, "fair_value": 10.971699, "relative_strength": -10.174049, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.594278, "energy": 50.331077, "activity_lines": [ 8.203667, 8.218273, 8.455667, 8.595742 ] }, { "date": "2024-09-13", "close": 8.105, "volume": 0, "typical_volume": 370.0, "trend": 8.692167, "fair_value": 10.916474, "relative_strength": -10.207117, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.931221, "energy": 50.026274, "activity_lines": [ 8.173333, 8.186091, 8.396024, 8.556774 ] }, { "date": "2024-09-20", "close": 8.635, "volume": 0, "typical_volume": 245.0, "trend": 8.687833, "fair_value": 10.868429, "relative_strength": -8.685119, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.132433, "energy": 23.340395, "activity_lines": [ 8.325667, 8.257273, 8.391976, 8.553086 ] }, { "date": "2024-09-27", "close": 9.46, "volume": 9200, "typical_volume": 610.0, "trend": 8.710167, "fair_value": 10.826442, "relative_strength": -11.10617, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.187452, "energy": 35.271949, "activity_lines": [ 8.722, 8.480727, 8.471048, 8.602903 ] }, { "date": "2024-10-04", "close": 12.19, "volume": 52600, "typical_volume": 3240.0, "trend": 8.833667, "fair_value": 10.800737, "relative_strength": 4.053175, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.271873, "energy": 81.921655, "activity_lines": [ 9.938667, 9.180818, 8.810905, 8.827409 ] }, { "date": "2024-10-11", "close": 11.07, "volume": 62600, "typical_volume": 6370.0, "trend": 8.9065, "fair_value": 10.76407, "relative_strength": 1.260916, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.526057, "energy": 92.820961, "activity_lines": [ 10.524333, 9.604, 9.033619, 8.971688 ] }, { "date": "2024-10-18", "close": 10.44, "volume": 4300, "typical_volume": 6585.0, "trend": 8.9655, "fair_value": 10.717853, "relative_strength": -2.237949, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.453156, "energy": 87.325004, "activity_lines": [ 10.707, 9.857818, 9.187643, 9.070624 ] }, { "date": "2024-10-25", "close": 10.4, "volume": 5300, "typical_volume": 6850.0, "trend": 9.021833, "fair_value": 10.675032, "relative_strength": -1.35265, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.693047, "energy": 87.689645, "activity_lines": [ 10.720667, 10.063545, 9.330738, 9.163172 ] }, { "date": "2024-11-01", "close": 10.2, "volume": 0, "typical_volume": 6850.0, "trend": 9.0725, "fair_value": 10.633109, "relative_strength": -2.608544, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.404831, "energy": 59.902671, "activity_lines": [ 10.55, 10.192364, 9.448667, 9.239183 ] }, { "date": "2024-11-08", "close": 10.67, "volume": 0, "typical_volume": 6850.0, "trend": 9.137333, "fair_value": 10.590609, "relative_strength": 1.01234, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.785237, "energy": 53.085723, "activity_lines": [ 10.486667, 10.368727, 9.605214, 9.342247 ] }, { "date": "2024-11-15", "close": 9.86, "volume": 3900, "typical_volume": 6970.0, "trend": 9.1885, "fair_value": 10.545032, "relative_strength": -0.155239, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.749249, "energy": 35.492506, "activity_lines": [ 10.254667, 10.355182, 9.675429, 9.388871 ] }, { "date": "2024-11-22", "close": 9.71, "volume": 5100, "typical_volume": 7225.0, "trend": 9.206167, "fair_value": 10.501955, "relative_strength": -0.409739, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.956152, "energy": 25.86004, "activity_lines": [ 10.053333, 10.283727, 9.724714, 9.422516 ] }, { "date": "2024-11-29", "close": 9.985, "volume": 1800, "typical_volume": 7315.0, "trend": 9.219333, "fair_value": 10.465577, "relative_strength": 1.602348, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.901405, "energy": 22.501077, "activity_lines": [ 9.992333, 10.233091, 9.794381, 9.472763 ] }, { "date": "2024-12-06", "close": 10.31, "volume": 100, "typical_volume": 7245.0, "trend": 9.242167, "fair_value": 10.431603, "relative_strength": 2.73958, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.585206, "energy": 22.583349, "activity_lines": [ 10.067333, 10.217, 9.889167, 9.543129 ] }, { "date": "2024-12-13", "close": 10.41, "volume": 0, "typical_volume": 7245.0, "trend": 9.256167, "fair_value": 10.405256, "relative_strength": 3.300386, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.004227, "energy": 25.209859, "activity_lines": [ 10.168333, 10.203636, 9.984262, 9.618473 ] }, { "date": "2024-12-20", "close": 10.23, "volume": 0, "typical_volume": 7245.0, "trend": 9.289, "fair_value": 10.378718, "relative_strength": 2.859915, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.214924, "energy": 29.916333, "activity_lines": [ 10.226667, 10.189909, 10.0515, 9.681301 ] }, { "date": "2024-12-27", "close": 10.24, "volume": 3000, "typical_volume": 7395.0, "trend": 9.332167, "fair_value": 10.350705, "relative_strength": 1.194748, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.828342, "energy": 32.324065, "activity_lines": [ 10.263667, 10.193273, 10.109333, 9.742656 ] }, { "date": "2025-01-03", "close": 9.89, "volume": 100, "typical_volume": 7400.0, "trend": 9.358, "fair_value": 10.325321, "relative_strength": -0.490954, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.944024, "energy": 29.401588, "activity_lines": [ 10.148667, 10.136636, 10.124095, 9.778645 ] }, { "date": "2025-01-10", "close": 9.7, "volume": 0, "typical_volume": 7400.0, "trend": 9.384333, "fair_value": 10.29391, "relative_strength": 1.279448, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.139803, "energy": 14.648567, "activity_lines": [ 9.976667, 10.054727, 10.112571, 9.80071 ] }, { "date": "2025-01-17", "close": 9.975, "volume": 0, "typical_volume": 7400.0, "trend": 9.4255, "fair_value": 10.26266, "relative_strength": 1.468414, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 17.362096, "energy": 21.744382, "activity_lines": [ 9.937, 10.031909, 10.11969, 9.838817 ] }, { "date": "2025-01-24", "close": 10.27, "volume": 0, "typical_volume": 7400.0, "trend": 9.485667, "fair_value": 10.244583, "relative_strength": 1.976437, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.206638, "energy": 19.251678, "activity_lines": [ 10.024667, 10.075364, 10.147048, 9.893301 ] }, { "date": "2025-01-31", "close": 10.42, "volume": 0, "typical_volume": 7400.0, "trend": 9.55, "fair_value": 10.221827, "relative_strength": 2.620502, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.123109, "energy": 28.369992, "activity_lines": [ 10.159667, 10.138636, 10.178714, 9.953581 ] }, { "date": "2025-02-07", "close": 11.02, "volume": 19200, "typical_volume": 8360.0, "trend": 9.625333, "fair_value": 10.203237, "relative_strength": 3.850241, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.310044, "energy": 72.980816, "activity_lines": [ 10.482667, 10.298091, 10.2565, 10.048419 ] }, { "date": "2025-02-14", "close": 11.71, "volume": 2000, "typical_volume": 8000.0, "trend": 9.7365, "fair_value": 10.189583, "relative_strength": 3.135942, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.814741, "energy": 95.825724, "activity_lines": [ 10.960333, 10.564182, 10.388643, 10.182914 ] }, { "date": "2025-02-21", "close": 11.96, "volume": 2000, "typical_volume": 5470.0, "trend": 9.863167, "fair_value": 10.183622, "relative_strength": 1.546988, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.255504, "energy": 97.675102, "activity_lines": [ 11.387333, 10.850273, 10.533881, 10.326366 ] }, { "date": "2025-02-28", "close": 11.39, "volume": 8700, "typical_volume": 2775.0, "trend": 9.974333, "fair_value": 10.179519, "relative_strength": -0.903861, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.320676, "energy": 88.585848, "activity_lines": [ 11.492, 11.004545, 10.625929, 10.424871 ] }, { "date": "2025-03-07", "close": 12.3, "volume": 7400, "typical_volume": 2930.0, "trend": 10.111167, "fair_value": 10.190032, "relative_strength": 1.360161, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.115557, "energy": 96.173856, "activity_lines": [ 11.825333, 11.303182, 10.803119, 10.574914 ] }, { "date": "2025-03-14", "close": 12.23, "volume": 0, "typical_volume": 2665.0, "trend": 10.2465, "fair_value": 10.196058, "relative_strength": 2.006586, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.528989, "energy": 91.964308, "activity_lines": [ 12.01, 11.551636, 10.964786, 10.711613 ] }, { "date": "2025-03-21", "close": 11.87, "volume": 1200, "typical_volume": 2725.0, "trend": 10.371667, "fair_value": 10.199647, "relative_strength": 0.227432, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.314336, "energy": 66.450707, "activity_lines": [ 11.994, 11.692091, 11.083452, 10.816355 ] }, { "date": "2025-03-28", "close": 11.76, "volume": 0, "typical_volume": 2725.0, "trend": 10.486167, "fair_value": 10.200353, "relative_strength": 0.508883, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.383263, "energy": 63.953622, "activity_lines": [ 11.930667, 11.773091, 11.18369, 10.905925 ] }, { "date": "2025-04-04", "close": 11.51, "volume": 0, "typical_volume": 2530.0, "trend": 10.597333, "fair_value": 10.200737, "relative_strength": 0.914809, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.181813, "energy": 53.595402, "activity_lines": [ 11.797333, 11.776182, 11.254929, 10.971978 ] }, { "date": "2025-04-11", "close": 10.51, "volume": 1800, "typical_volume": 2365.0, "trend": 10.6775, "fair_value": 10.194968, "relative_strength": 0.747865, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.023245, "energy": 17.817578, "activity_lines": [ 11.322667, 11.574909, 11.223071, 10.966344 ] }, { "date": "2025-04-18", "close": 10.6, "volume": 20400, "typical_volume": 3295.0, "trend": 10.743, "fair_value": 10.195353, "relative_strength": -0.603409, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.794536, "energy": 21.659713, "activity_lines": [ 10.997333, 11.388364, 11.195976, 10.961344 ] }, { "date": "2025-04-25", "close": 10.84, "volume": 0, "typical_volume": 3290.0, "trend": 10.789, "fair_value": 10.190994, "relative_strength": -0.958082, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.705173, "energy": 26.871221, "activity_lines": [ 10.860667, 11.253091, 11.18881, 10.967602 ] }, { "date": "2025-05-02", "close": 11.41, "volume": 0, "typical_volume": 3290.0, "trend": 10.763, "fair_value": 10.197468, "relative_strength": 1.870167, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.761043, "energy": 26.16148, "activity_lines": [ 10.982667, 11.237273, 11.233405, 11.007667 ] }, { "date": "2025-05-09", "close": 11.35, "volume": 100, "typical_volume": 3295.0, "trend": 10.772333, "fair_value": 10.203942, "relative_strength": -0.231121, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.587335, "energy": 15.154379, "activity_lines": [ 11.108, 11.220545, 11.267524, 11.045538 ] }, { "date": "2025-05-16", "close": 11.7, "volume": 22400, "typical_volume": 4265.0, "trend": 10.814333, "fair_value": 10.207981, "relative_strength": 0.780576, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.651433, "energy": 27.008861, "activity_lines": [ 11.360667, 11.268182, 11.329643, 11.105387 ] }, { "date": "2025-05-23", "close": 11.75, "volume": 57900, "typical_volume": 7155.0, "trend": 10.859333, "fair_value": 10.213686, "relative_strength": 0.108472, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 49.741909, "energy": 38.265661, "activity_lines": [ 11.550667, 11.335818, 11.389571, 11.165753 ] }, { "date": "2025-05-30", "close": 11.71, "volume": 12100, "typical_volume": 7760.0, "trend": 10.909667, "fair_value": 10.214776, "relative_strength": 1.070604, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.1536, "energy": 51.864621, "activity_lines": [ 11.650667, 11.404909, 11.436833, 11.220634 ] }, { "date": "2025-06-06", "close": 11.95, "volume": 10500, "typical_volume": 8285.0, "trend": 10.952333, "fair_value": 10.209968, "relative_strength": 0.939182, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.315403, "energy": 66.218301, "activity_lines": [ 11.772667, 11.520545, 11.497381, 11.287753 ] }, { "date": "2025-06-13", "close": 12.14, "volume": 3000, "typical_volume": 8435.0, "trend": 11.028333, "fair_value": 10.209327, "relative_strength": 2.06942, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.772363, "energy": 69.692631, "activity_lines": [ 11.922, 11.667273, 11.566619, 11.364376 ] }, { "date": "2025-06-20", "close": 11.65, "volume": 0, "typical_volume": 8435.0, "trend": 11.093, "fair_value": 10.200673, "relative_strength": -0.582746, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.613089, "energy": 51.832594, "activity_lines": [ 11.855333, 11.713455, 11.580286, 11.404484 ] }, { "date": "2025-06-27", "close": 12.1, "volume": 0, "typical_volume": 7475.0, "trend": 11.1635, "fair_value": 10.195096, "relative_strength": -0.026459, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.456122, "energy": 51.617553, "activity_lines": [ 11.942, 11.820727, 11.630952, 11.469452 ] }, { "date": "2025-07-04", "close": 12.01, "volume": 0, "typical_volume": 7375.0, "trend": 11.220167, "fair_value": 10.188622, "relative_strength": 0.659314, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.432829, "energy": 42.292759, "activity_lines": [ 11.975333, 11.884364, 11.667905, 11.524065 ] }, { "date": "2025-07-11", "close": 12.14, "volume": 0, "typical_volume": 7275.0, "trend": 11.277833, "fair_value": 10.18875, "relative_strength": 0.713426, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.936443, "energy": 53.77633, "activity_lines": [ 12.032, 11.950364, 11.71581, 11.583409 ] }, { "date": "2025-07-18", "close": 12.85, "volume": 0, "typical_volume": 6840.0, "trend": 11.365167, "fair_value": 10.192404, "relative_strength": 3.51085, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.203425, "energy": 83.635146, "activity_lines": [ 12.312667, 12.132182, 11.830476, 11.684839 ] }, { "date": "2025-07-25", "close": 13.14, "volume": 10000, "typical_volume": 6970.0, "trend": 11.461833, "fair_value": 10.20234, "relative_strength": 3.349303, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.178588, "energy": 92.894936, "activity_lines": [ 12.642667, 12.339455, 11.96581, 11.799344 ] }, { "date": "2025-08-01", "close": 12.73, "volume": 1700, "typical_volume": 7055.0, "trend": 11.5565, "fair_value": 10.208365, "relative_strength": 3.546648, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.276139, "energy": 85.69719, "activity_lines": [ 12.736667, 12.446, 12.058095, 11.881161 ] }, { "date": "2025-08-08", "close": 12.92, "volume": 0, "typical_volume": 6995.0, "trend": 11.663833, "fair_value": 10.216699, "relative_strength": 3.448695, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.454807, "energy": 86.888775, "activity_lines": [ 12.852, 12.569273, 12.166095, 11.969129 ] }, { "date": "2025-08-15", "close": 13.22, "volume": 300, "typical_volume": 7010.0, "trend": 11.772, "fair_value": 10.229135, "relative_strength": 3.911663, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.645941, "energy": 89.396453, "activity_lines": [ 13.006667, 12.725091, 12.297667, 12.069527 ] }, { "date": "2025-08-22", "close": 13.46, "volume": 400, "typical_volume": 7030.0, "trend": 11.878333, "fair_value": 10.240545, "relative_strength": 5.226628, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.253522, "energy": 84.351008, "activity_lines": [ 13.169333, 12.901455, 12.445143, 12.17843 ] }, { "date": "2025-08-29", "close": 13.49, "volume": 13100, "typical_volume": 7595.0, "trend": 11.980667, "fair_value": 10.25484, "relative_strength": 6.256768, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.157021, "energy": 82.149316, "activity_lines": [ 13.301333, 13.059273, 12.58619, 12.282409 ] }, { "date": "2025-09-05", "close": 13.68, "volume": 166300, "typical_volume": 14890.0, "trend": 12.069333, "fair_value": 10.271506, "relative_strength": 6.030267, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.376865, "energy": 86.854897, "activity_lines": [ 13.473333, 13.218182, 12.731143, 12.392043 ] }, { "date": "2025-09-12", "close": 14.13, "volume": 130500, "typical_volume": 21415.0, "trend": 12.15, "fair_value": 10.294455, "relative_strength": 5.217201, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.000096, "energy": 92.186417, "activity_lines": [ 13.732, 13.430182, 12.904286, 12.524989 ] }, { "date": "2025-09-19", "close": 14.53, "volume": 31900, "typical_volume": 23010.0, "trend": 12.235667, "fair_value": 10.324487, "relative_strength": 7.254372, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.060439, "energy": 95.53237, "activity_lines": [ 14.043333, 13.676364, 13.099857, 12.678538 ] }, { "date": "2025-09-26", "close": 14.19, "volume": 0, "typical_volume": 23005.0, "trend": 12.329, "fair_value": 10.353782, "relative_strength": 6.077824, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.883642, "energy": 88.903584, "activity_lines": [ 14.154, 13.817273, 13.24819, 12.804624 ] }, { "date": "2025-10-03", "close": 14.95, "volume": 3000, "typical_volume": 22035.0, "trend": 12.417333, "fair_value": 10.38609, "relative_strength": 7.529756, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.591293, "energy": 93.916814, "activity_lines": [ 14.469333, 14.072, 13.455381, 12.97372 ] }, { "date": "2025-10-10", "close": 14.29, "volume": 9500, "typical_volume": 19615.0, "trend": 12.486, "fair_value": 10.419551, "relative_strength": 6.0179, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.755903, "energy": 67.124367, "activity_lines": [ 14.467333, 14.173818, 13.584238, 13.094538 ] }, { "date": "2025-10-17", "close": 13.49, "volume": 1300, "typical_volume": 19075.0, "trend": 12.54, "fair_value": 10.450737, "relative_strength": 4.091264, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.749692, "energy": 59.101292, "activity_lines": [ 14.158, 14.101818, 13.62481, 13.159312 ] }, { "date": "2025-10-24", "close": 13.83, "volume": 0, "typical_volume": 18550.0, "trend": 12.609, "fair_value": 10.489487, "relative_strength": 2.899303, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.160097, "energy": 45.935905, "activity_lines": [ 14.004667, 14.081273, 13.689286, 13.242538 ] }, { "date": "2025-10-31", "close": 13.77, "volume": 300, "typical_volume": 18415.0, "trend": 12.684333, "fair_value": 10.519295, "relative_strength": 3.323448, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.138643, "energy": 27.597634, "activity_lines": [ 13.878, 14.038727, 13.739095, 13.317441 ] }, { "date": "2025-11-07", "close": 13.49, "volume": 400, "typical_volume": 18435.0, "trend": 12.783667, "fair_value": 10.544263, "relative_strength": -0.067835, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.400874, "energy": 30.205059, "activity_lines": [ 13.686, 13.939636, 13.754476, 13.369419 ] }, { "date": "2025-11-14", "close": 13.72, "volume": 1200, "typical_volume": 18495.0, "trend": 12.887667, "fair_value": 10.567596, "relative_strength": 0.338478, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.789345, "energy": 23.213399, "activity_lines": [ 13.668, 13.882364, 13.783, 13.429828 ] }, { "date": "2025-11-21", "close": 12.84, "volume": 0, "typical_volume": 18495.0, "trend": 12.954333, "fair_value": 10.589647, "relative_strength": -1.077071, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.409869, "energy": 19.677489, "activity_lines": [ 13.394667, 13.664364, 13.72, 13.426753 ] }, { "date": "2025-11-28", "close": 13.35, "volume": 600, "typical_volume": 18525.0, "trend": 13.019, "fair_value": 10.60766, "relative_strength": 0.302802, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.677177, "energy": 20.420919, "activity_lines": [ 13.334667, 13.562545, 13.701619, 13.45228 ] }, { "date": "2025-12-05", "close": 13.36, "volume": 300, "typical_volume": 18540.0, "trend": 13.086, "fair_value": 10.619776, "relative_strength": -0.467135, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.677843, "energy": 18.968783, "activity_lines": [ 13.31, 13.484, 13.678429, 13.47428 ] }, { "date": "2025-12-12", "close": 13.23, "volume": 0, "typical_volume": 18040.0, "trend": 13.137, "fair_value": 10.633494, "relative_strength": -0.980535, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.010699, "energy": 19.320319, "activity_lines": [ 13.269333, 13.396909, 13.640429, 13.48357 ] }, { "date": "2025-12-19", "close": 13.02, "volume": 2400, "typical_volume": 18075.0, "trend": 13.179333, "fair_value": 10.645545, "relative_strength": -1.422433, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.75574, "energy": 33.434453, "activity_lines": [ 13.176, 13.302909, 13.582, 13.476022 ] }, { "date": "2025-12-26", "close": 13.0, "volume": 0, "typical_volume": 18075.0, "trend": 13.222333, "fair_value": 10.657724, "relative_strength": -2.040667, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.029117, "energy": 32.294202, "activity_lines": [ 13.122667, 13.228364, 13.520286, 13.464452 ] }, { "date": "2026-01-02", "close": 13.24, "volume": 0, "typical_volume": 18060.0, "trend": 13.265333, "fair_value": 10.666122, "relative_strength": -2.208166, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.740381, "energy": 26.154961, "activity_lines": [ 13.138667, 13.206364, 13.481048, 13.465591 ] }, { "date": "2026-01-09", "close": 13.43, "volume": 0, "typical_volume": 18040.0, "trend": 13.308333, "fair_value": 10.67234, "relative_strength": -0.413202, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.193744, "energy": 21.114724, "activity_lines": [ 13.225333, 13.229636, 13.45981, 13.476215 ] }, { "date": "2026-01-16", "close": 13.78, "volume": 4500, "typical_volume": 17610.0, "trend": 13.379333, "fair_value": 10.680545, "relative_strength": -0.166676, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 8.829183, "energy": 10.487113, "activity_lines": [ 13.424, 13.322727, 13.472048, 13.506645 ] }, { "date": "2026-01-23", "close": 13.71, "volume": 0, "typical_volume": 9295.0, "trend": 13.433, "fair_value": 10.685224, "relative_strength": -0.322091, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.4444, "energy": 19.912539, "activity_lines": [ 13.562667, 13.397818, 13.476238, 13.527978 ] }, { "date": "2026-01-30", "close": 13.58, "volume": 0, "typical_volume": 2770.0, "trend": 13.485333, "fair_value": 10.69266, "relative_strength": -3.496018, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.320117, "energy": 20.9063, "activity_lines": [ 13.612, 13.449455, 13.467905, 13.537462 ] }, { "date": "2026-02-06", "close": 13.28, "volume": 5000, "typical_volume": 1425.0, "trend": 13.523333, "fair_value": 10.702147, "relative_strength": -2.610707, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.407323, "energy": 13.127726, "activity_lines": [ 13.522667, 13.433091, 13.433619, 13.524215 ] }, { "date": "2026-02-13", "close": 13.5, "volume": 6700, "typical_volume": 1760.0, "trend": 13.545, "fair_value": 10.714006, "relative_strength": -0.988709, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -14.603558, "energy": 10.991891, "activity_lines": [ 13.504, 13.458, 13.426238, 13.52271 ] }, { "date": "2026-02-20", "close": 13.32, "volume": 0, "typical_volume": 1610.0, "trend": 13.551, "fair_value": 10.729071, "relative_strength": -1.721264, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.269077, "energy": 19.531907, "activity_lines": [ 13.420667, 13.447636, 13.405, 13.508194 ] }, { "date": "2026-02-27", "close": 12.95, "volume": 15300, "typical_volume": 1900.0, "trend": 13.558333, "fair_value": 10.738301, "relative_strength": -5.194249, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.008147, "energy": 47.894976, "activity_lines": [ 13.244667, 13.368364, 13.356286, 13.469419 ] }, { "date": "2026-03-06", "close": 12.34, "volume": 1400, "typical_volume": 1905.0, "trend": 13.539, "fair_value": 10.750417, "relative_strength": -6.497222, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.838087, "energy": 77.633456, "activity_lines": [ 12.916, 13.179455, 13.255857, 13.390817 ] }, { "date": "2026-03-13", "close": 12.22, "volume": 0, "typical_volume": 1905.0, "trend": 13.505667, "fair_value": 10.759904, "relative_strength": -6.238314, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.608993, "energy": 87.954952, "activity_lines": [ 12.63, 12.980727, 13.149476, 13.30572 ] }, { "date": "2026-03-20", "close": 12.2, "volume": 0, "typical_volume": 1890.0, "trend": 13.463667, "fair_value": 10.76766, "relative_strength": -5.629224, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.432334, "energy": 89.856911, "activity_lines": [ 12.408, 12.796909, 13.048857, 13.221484 ] }, { "date": "2026-03-27", "close": 12.06, "volume": 1800, "typical_volume": 1960.0, "trend": 13.416, "fair_value": 10.773045, "relative_strength": -5.429077, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.054605, "energy": 89.986737, "activity_lines": [ 12.226, 12.61, 12.942381, 13.130925 ] }, { "date": "2026-04-03", "close": 12.18, "volume": 0, "typical_volume": 1900.0, "trend": 13.366, "fair_value": 10.780673, "relative_strength": -5.047076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.191858, "energy": 84.607024, "activity_lines": [ 12.168, 12.476182, 12.854143, 13.051183 ] }, { "date": "2026-04-10", "close": 12.49, "volume": 0, "typical_volume": 1900.0, "trend": 13.311333, "fair_value": 10.790865, "relative_strength": -5.480486, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.105095, "energy": 57.797627, "activity_lines": [ 12.264667, 12.426545, 12.802762, 12.994667 ] }, { "date": "2026-04-17", "close": 12.78, "volume": 0, "typical_volume": 1870.0, "trend": 13.253, "fair_value": 10.805288, "relative_strength": -4.247251, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.5359, "energy": 44.7366, "activity_lines": [ 12.448, 12.449455, 12.780667, 12.960387 ] }, { "date": "2026-04-24", "close": 12.34, "volume": 0, "typical_volume": 1855.0, "trend": 13.191333, "fair_value": 10.818045, "relative_strength": -6.831525, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.14861, "energy": 34.392661, "activity_lines": [ 12.447333, 12.401455, 12.719381, 12.901484 ] }, { "date": "2026-05-01", "close": 12.37, "volume": 0, "typical_volume": 1855.0, "trend": 13.105333, "fair_value": 10.831378, "relative_strength": -5.778434, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.985944, "energy": 28.355329, "activity_lines": [ 12.447333, 12.38, 12.66581, 12.848495 ] }, { "date": "2026-05-08", "close": 12.52, "volume": 1000, "typical_volume": 1785.0, "trend": 13.046333, "fair_value": 10.846699, "relative_strength": -6.788509, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.742732, "energy": 25.603412, "activity_lines": [ 12.476667, 12.403091, 12.630619, 12.810731 ] }, { "date": "2026-05-15", "close": 12.18, "volume": 3100, "typical_volume": 1940.0, "trend": 13.002667, "fair_value": 10.860545, "relative_strength": -7.702764, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.111381, "energy": 40.639572, "activity_lines": [ 12.37, 12.372182, 12.565429, 12.754839 ] }, { "date": "2026-05-22", "close": 11.9, "volume": 1000, "typical_volume": 1990.0, "trend": 12.938333, "fair_value": 10.874583, "relative_strength": -8.453647, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.171445, "energy": 49.317826, "activity_lines": [ 12.190667, 12.293273, 12.477476, 12.683699 ] }, { "date": "2026-05-29", "close": 12.07, "volume": 1400, "typical_volume": 2060.0, "trend": 12.881667, "fair_value": 10.888077, "relative_strength": -5.499673, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.185073, "energy": 55.253069, "activity_lines": [ 12.126667, 12.251091, 12.412095, 12.627677 ] }, { "date": "2026-06-05", "close": 12.02, "volume": 18000, "typical_volume": 2735.0, "trend": 12.832667, "fair_value": 10.899744, "relative_strength": -4.985392, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.777223, "energy": 71.963814, "activity_lines": [ 12.064, 12.202182, 12.348429, 12.572086 ] }, { "date": "2026-06-12", "close": 11.85, "volume": 5200, "typical_volume": 2995.0, "trend": 12.770333, "fair_value": 10.906154, "relative_strength": -5.301971, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.485314, "energy": 77.098054, "activity_lines": [ 11.968, 12.123091, 12.276952, 12.508688 ] }, { "date": "2026-06-19", "close": 11.46, "volume": 0, "typical_volume": 2995.0, "trend": 12.724333, "fair_value": 10.915385, "relative_strength": -5.324088, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.111585, "energy": 85.305429, "activity_lines": [ 11.786667, 11.979091, 12.17719, 12.424151 ] }, { "date": "2026-06-26", "close": 11.01, "volume": 0, "typical_volume": 2745.0, "trend": 12.646333, "fair_value": 10.922179, "relative_strength": -3.968806, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -93.478944, "energy": 95.51372, "activity_lines": [ 11.503333, 11.772, 12.044667, 12.313548 ] }, { "date": "2026-07-03", "close": 11.7, "volume": 0, "typical_volume": 2410.0, "trend": 12.591, "fair_value": 10.933622, "relative_strength": -0.910235, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.615109, "energy": 80.334143, "activity_lines": [ 11.509333, 11.722545, 11.988667, 12.252495 ] }, { "date": "2026-07-10", "close": 12.02, "volume": 0, "typical_volume": 2410.0, "trend": 12.550667, "fair_value": 10.94234, "relative_strength": -1.653158, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.305961, "energy": 55.785536, "activity_lines": [ 11.646667, 11.742909, 11.971714, 12.215656 ] }, { "date": "2026-07-17", "close": 12.06, "volume": 0, "typical_volume": 1645.0, "trend": 12.518667, "fair_value": 10.952724, "relative_strength": -2.782655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.68315, "energy": 38.841571, "activity_lines": [ 11.797333, 11.776909, 11.964762, 12.184 ] }, { "date": "2026-07-24", "close": 12.17, "volume": 0, "typical_volume": 1575.0, "trend": 12.491, "fair_value": 10.959327, "relative_strength": -3.361249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.070942, "energy": 25.727706, "activity_lines": [ 11.970667, 11.839273, 11.972524, 12.161505 ] }, { "date": "2026-07-31", "close": 12.74, "volume": 0, "typical_volume": 1575.0, "trend": 12.474333, "fair_value": 10.969327, "relative_strength": -2.333972, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 6.648631, "energy": 25.713985, "activity_lines": [ 12.286667, 12.005455, 12.035381, 12.17757 ] }, { "date": "2026-08-07", "close": 13.16, "volume": 0, "typical_volume": 1575.0, "trend": 12.465333, "fair_value": 10.984712, "relative_strength": 1.763648, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 47.688382, "energy": 49.023879, "activity_lines": [ 12.627333, 12.232727, 12.135762, 12.221806 ] } ], "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." } } }