{ "ticker": { "uuid": "af8661be-1a13-41d9-9d67-547d1386b877", "symbol": "BTECH", "name": "Fineco AM MarketVector Bioproduction Tech and Tools Sustainable UCITS ETF A Acc", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 86.422, "architecture_energy": 90.883, "architecture_maturity": 21.094, "architecture_confidence": 76.497, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 7.73, "rotation_up": 82.49, "upward_expansion": 98.69, "deceleration": 39.76, "rotation_down": 12.86, "downward_expansion": 20.69 }, "activity_lines": [ 123.063335, 120.231456, 113.068192, 109.252711 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 126.830002, "trend_reference": 106.698668, "distance_from_trend": 0.188675, "trend_direction": "Improving", "fair_value": 107.339797, "distance_from_fair_value": 0.181575, "fair_value_direction": "Improving", "relative_strength": 1.904613, "relative_strength_direction": "Improving", "price_momentum": 0.191675, "excess_performance": 0.020784, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.188675, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.014902, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.181575, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.275879, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.019046, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.1861, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.191675, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.541731, "read": "Demand-led" } ], "volume": { "latest": 593, "relative_activity": 0.664054, "balance": 1.541731, "dry_up": 1.06243, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.037531, "annualized_volatility": 0.259165, "from_high_reference": -0.002046, "from_low_reference": 0.363324 }, "levels": { "trend_reference": 106.698668, "fair_value_reference": 107.339797, "structural_low": 93.029999, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 2, "median_return": -0.032512, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.040124, "regime_survival": 0.5, "best_return": 0.078564, "worst_return": -0.143588, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": -0.139047, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.096217, "regime_survival": 0.0, "best_return": -0.139047, "worst_return": -0.139047, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.040593, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.221365, "regime_survival": 0.0, "best_return": -0.040593, "worst_return": -0.040593, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-02-06", "tenure": "Developing", "return": -0.03779, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-13", "end": "2026-02-20", "tenure": "New", "return": 0.004013, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-27", "end": "2026-03-27", "tenure": "Developing", "return": -0.079464, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-05-29", "tenure": "Developing", "return": 0.082435, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-06-12", "tenure": "New", "return": -0.011067, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-19", "end": "2026-07-17", "tenure": "Developing", "return": 0.133905, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.048442, "active": true } ], "chart_path": [ { "date": "2024-06-14", "close": 112.309998, "volume": 187, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 112.0, "volume": 1049, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 111.120003, "volume": 123, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 109.669998, "volume": 625, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 112.959999, "volume": 220, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 111.839996, "volume": 524, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 118.730003, "volume": 177, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 117.43, "volume": 222, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 117.870003, "volume": 95, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 117.489998, "volume": 62, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 117.529999, "volume": 105, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 118.580002, "volume": 145, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 115.949997, "volume": 158, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 117.440002, "volume": 184, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 117.080002, "volume": 96, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 118.879997, "volume": 185, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 116.989998, "volume": 645, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 116.75, "volume": 114, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 117.470001, "volume": 130, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 112.459999, "volume": 12, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 114.120003, "volume": 63, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 117.610001, "volume": 150, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 111.839996, "volume": 406, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 114.120003, "volume": 36, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 119.0, "volume": 273, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 117.980003, "volume": 502, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 118.550003, "volume": 663, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 114.910004, "volume": 428, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 116.209999, "volume": 43, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 117.870003, "volume": 278, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 121.610001, "volume": 208, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 119.870003, "volume": 105, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 122.379997, "volume": 479, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 125.089996, "volume": 442, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 119.169998, "volume": 2224, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 113.32, "volume": 869, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 113.110001, "volume": 680, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 109.629997, "volume": 383, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 103.879997, "volume": 637, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 101.809998, "volume": 737, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 102.540001, "volume": 332, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 99.339996, "volume": 434, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 90.0, "volume": 453, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 85.839996, "volume": 599, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 87.910004, "volume": 338, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 92.07, "volume": 232, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 92.610001, "volume": 294, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 92.110001, "volume": 196, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 93.540001, "volume": 700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 89.650002, "volume": 40, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 91.730003, "volume": 1250, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 93.730003, "volume": 810, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 94.199997, "volume": 257, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 93.459999, "volume": 132, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 94.690002, "volume": 206, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 94.720001, "volume": 322, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 95.389999, "volume": 190, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 91.129997, "volume": 225, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 97.650002, "volume": 886, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 93.150002, "volume": 411, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 93.169998, "volume": 429, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 97.699997, "volume": 281, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 100.330002, "volume": 248, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 98.949997, "volume": 118, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 98.489998, "volume": 695, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 97.290001, "volume": 388, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 99.269997, "volume": 313, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 95.610001, "volume": 124, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 105.260002, "volume": 1308, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 103.419998, "volume": 664, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 106.169998, "volume": 644, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 112.016998, "volume": 774, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 110.550003, "volume": 607, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 106.199997, "volume": 737, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 108.160004, "volume": 534, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 112.309998, "volume": 492, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 117.220001, "volume": 1327, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-05", "close": 114.449997, "volume": 484, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-12", "close": 111.660004, "volume": 405, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-19", "close": 110.610001, "volume": 837, "typical_volume": 570.45, "trend": 101.289567, "fair_value": 107.336587, "relative_strength": -4.672576, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.648818, "energy": 48.689587, "activity_lines": [ 112.652667, 111.790801, 108.308686, 105.199385 ] }, { "date": "2025-12-26", "close": 111.660004, "volume": 169, "typical_volume": 557.45, "trend": 101.9539, "fair_value": 107.389963, "relative_strength": -2.793899, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.128898, "energy": 40.082721, "activity_lines": [ 112.122669, 111.922674, 108.94851, 105.868445 ] }, { "date": "2026-01-02", "close": 112.209999, "volume": 332, "typical_volume": 560.0, "trend": 102.5699, "fair_value": 107.448744, "relative_strength": -3.257803, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.293835, "energy": 31.675772, "activity_lines": [ 111.819335, 112.054728, 109.552667, 106.530129 ] }, { "date": "2026-01-09", "close": 117.639999, "volume": 740, "typical_volume": 584.6, "trend": 103.351233, "fair_value": 107.57153, "relative_strength": 1.338786, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.852289, "energy": 46.542549, "activity_lines": [ 113.660001, 113.170546, 110.604872, 107.502394 ] }, { "date": "2026-01-16", "close": 119.300003, "volume": 779, "typical_volume": 617.65, "trend": 104.212567, "fair_value": 107.711155, "relative_strength": 3.13404, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.295405, "energy": 62.381378, "activity_lines": [ 115.841334, 114.459274, 111.732743, 108.531346 ] }, { "date": "2026-01-23", "close": 117.57, "volume": 303, "typical_volume": 598.05, "trend": 104.975233, "fair_value": 107.827141, "relative_strength": 4.43586, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.961567, "energy": 71.102484, "activity_lines": [ 116.936667, 115.195274, 112.598948, 109.393116 ] }, { "date": "2026-01-30", "close": 110.870003, "volume": 1128, "typical_volume": 635.05, "trend": 105.513567, "fair_value": 107.862523, "relative_strength": -2.274788, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.865039, "energy": 52.003028, "activity_lines": [ 115.334668, 114.542001, 112.736201, 109.773424 ] }, { "date": "2026-02-06", "close": 106.43, "volume": 716, "typical_volume": 655.2, "trend": 105.881567, "fair_value": 107.846058, "relative_strength": -6.255846, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.422582, "energy": 17.982958, "activity_lines": [ 112.305334, 113.107637, 112.385929, 109.832549 ] }, { "date": "2026-02-13", "close": 102.169998, "volume": 272, "typical_volume": 662.6, "trend": 106.249567, "fair_value": 107.781557, "relative_strength": -8.602646, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.226502, "energy": 23.101592, "activity_lines": [ 108.241333, 111.09491, 111.595848, 109.593093 ] }, { "date": "2026-02-20", "close": 102.580002, "volume": 664, "typical_volume": 630.4, "trend": 106.4139, "fair_value": 107.723112, "relative_strength": -9.773905, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -32.229083, "energy": 41.442881, "activity_lines": [ 105.345334, 109.380001, 110.813577, 109.356347 ] }, { "date": "2026-02-27", "close": 102.309998, "volume": 903, "typical_volume": 642.35, "trend": 106.719233, "fair_value": 107.662967, "relative_strength": -10.947907, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.577317, "energy": 58.831984, "activity_lines": [ 103.474, 107.781091, 110.018353, 109.091579 ] }, { "date": "2026-03-06", "close": 99.559998, "volume": 345, "typical_volume": 627.4, "trend": 106.932233, "fair_value": 107.573923, "relative_strength": -7.018612, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.054798, "energy": 70.609347, "activity_lines": [ 101.703332, 105.833091, 108.96651, 108.629693 ] }, { "date": "2026-03-13", "close": 95.260002, "volume": 940, "typical_volume": 635.7, "trend": 106.8509, "fair_value": 107.440076, "relative_strength": -11.024014, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.906496, "energy": 79.058929, "activity_lines": [ 99.253333, 103.323273, 107.536619, 107.876645 ] }, { "date": "2026-03-20", "close": 95.230003, "volume": 804, "typical_volume": 645.55, "trend": 106.6809, "fair_value": 107.308785, "relative_strength": -7.690696, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.003876, "energy": 76.767355, "activity_lines": [ 97.538001, 101.116182, 106.183667, 107.12691 ] }, { "date": "2026-03-27", "close": 94.18, "volume": 575, "typical_volume": 637.45, "trend": 106.5219, "fair_value": 107.169117, "relative_strength": -9.55669, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.623277, "energy": 80.2021, "activity_lines": [ 95.935334, 99.125637, 104.803667, 106.3204 ] }, { "date": "2026-04-03", "close": 99.230003, "volume": 985, "typical_volume": 660.0, "trend": 106.546567, "fair_value": 107.085547, "relative_strength": -9.090319, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.711688, "energy": 64.174607, "activity_lines": [ 96.576002, 98.510001, 103.961858, 105.849955 ] }, { "date": "2026-04-10", "close": 96.639999, "volume": 1540, "typical_volume": 712.4, "trend": 106.5249, "fair_value": 106.97674, "relative_strength": -14.815317, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.888092, "energy": 54.039479, "activity_lines": [ 96.558668, 97.75691, 102.915905, 105.210822 ] }, { "date": "2026-04-17", "close": 100.940002, "volume": 614, "typical_volume": 676.75, "trend": 106.580567, "fair_value": 106.914505, "relative_strength": -13.053999, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.148035, "energy": 38.399177, "activity_lines": [ 98.169335, 98.044365, 102.354096, 104.850506 ] }, { "date": "2026-04-24", "close": 96.43, "volume": 1098, "typical_volume": 707.45, "trend": 106.6079, "fair_value": 106.807521, "relative_strength": -14.518905, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.947562, "energy": 33.457897, "activity_lines": [ 97.898001, 97.611637, 101.440286, 104.195631 ] }, { "date": "2026-05-01", "close": 95.529999, "volume": 553, "typical_volume": 714.85, "trend": 106.283567, "fair_value": 106.693606, "relative_strength": -16.05484, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.612864, "energy": 36.355146, "activity_lines": [ 97.246667, 97.119637, 100.526572, 103.480927 ] }, { "date": "2026-05-08", "close": 96.540001, "volume": 892, "typical_volume": 717.6, "trend": 106.054234, "fair_value": 106.59207, "relative_strength": -16.705415, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.00119, "energy": 37.130627, "activity_lines": [ 96.842, 96.939455, 99.785858, 102.85231 ] }, { "date": "2026-05-15", "close": 94.080002, "volume": 929, "typical_volume": 755.6, "trend": 105.651234, "fair_value": 106.468188, "relative_strength": -18.282835, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.074475, "energy": 46.409233, "activity_lines": [ 95.796668, 96.41691, 98.877858, 102.079779 ] }, { "date": "2026-05-22", "close": 99.580002, "volume": 1101, "typical_volume": 794.05, "trend": 105.236667, "fair_value": 106.400657, "relative_strength": -14.012362, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.546729, "energy": 35.878012, "activity_lines": [ 96.755335, 96.994001, 98.577382, 101.688087 ] }, { "date": "2026-05-29", "close": 107.410004, "volume": 2642, "typical_volume": 889.15, "trend": 105.132001, "fair_value": 106.410456, "relative_strength": -8.119115, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.18469, "energy": 11.224289, "activity_lines": [ 100.414669, 98.916183, 99.082763, 101.828302 ] }, { "date": "2026-06-05", "close": 107.529999, "volume": 141, "typical_volume": 857.25, "trend": 105.176334, "fair_value": 106.421221, "relative_strength": -7.634439, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.129966, "energy": 18.532306, "activity_lines": [ 103.382001, 100.638728, 99.648287, 101.983012 ] }, { "date": "2026-06-12", "close": 106.339996, "volume": 1446, "typical_volume": 914.4, "trend": 105.115667, "fair_value": 106.420448, "relative_strength": -11.265133, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.037176, "energy": 33.233839, "activity_lines": [ 105.152666, 101.902182, 100.156524, 102.058087 ] }, { "date": "2026-06-19", "close": 106.120003, "volume": 0, "typical_volume": 858.0, "trend": 104.909334, "fair_value": 106.417613, "relative_strength": -13.446322, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.250343, "energy": 43.76537, "activity_lines": [ 106.196667, 102.996364, 100.697286, 102.122882 ] }, { "date": "2026-06-26", "close": 117.440002, "volume": 96, "typical_volume": 827.0, "trend": 104.916667, "fair_value": 106.520626, "relative_strength": -1.178678, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.079825, "energy": 70.751564, "activity_lines": [ 110.211334, 105.976365, 102.338763, 102.931313 ] }, { "date": "2026-07-03", "close": 121.120003, "volume": 57, "typical_volume": 816.25, "trend": 105.139001, "fair_value": 106.655806, "relative_strength": -1.000592, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 63.191493, "energy": 81.577589, "activity_lines": [ 114.262002, 109.325456, 104.278287, 103.976689 ] }, { "date": "2026-07-10", "close": 120.510002, "volume": 1396, "typical_volume": 852.85, "trend": 105.434001, "fair_value": 106.782908, "relative_strength": -1.041738, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.119166, "energy": 82.967099, "activity_lines": [ 117.195335, 112.114729, 106.069477, 104.968367 ] }, { "date": "2026-07-17", "close": 120.330002, "volume": 794, "typical_volume": 847.4, "trend": 105.758001, "fair_value": 106.906064, "relative_strength": 0.155729, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 73.855811, "energy": 90.239816, "activity_lines": [ 119.203336, 114.417093, 107.758144, 105.929399 ] }, { "date": "2026-07-24", "close": 120.970001, "volume": 1617, "typical_volume": 911.0, "trend": 106.068334, "fair_value": 107.032766, "relative_strength": 0.896287, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.850262, "energy": 89.082669, "activity_lines": [ 120.492002, 116.403274, 109.421954, 106.910818 ] }, { "date": "2026-07-31", "close": 121.93, "volume": 791, "typical_volume": 903.55, "trend": 106.392334, "fair_value": 107.165777, "relative_strength": 0.969661, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.511408, "energy": 88.595989, "activity_lines": [ 121.110668, 118.075092, 111.075239, 107.934152 ] }, { "date": "2026-08-07", "close": 126.830002, "volume": 593, "typical_volume": 893.0, "trend": 106.698668, "fair_value": 107.339797, "relative_strength": 1.904613, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.421875, "energy": 90.883452, "activity_lines": [ 123.063335, 120.231456, 113.068192, 109.252711 ] } ], "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." } } }