{ "ticker": { "uuid": "b2080767-57d6-4180-84f2-4a673dd25559", "symbol": "MFM", "name": "MFS Municipal Income Trust", "exchange": "NYSE", "country": "US", "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": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 29.04, "architecture_energy": 16.278, "architecture_maturity": 43.562, "architecture_confidence": 77.871, "architecture_tenure": "Developing", "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": 42.69, "rotation_up": 27.09, "upward_expansion": 55.64, "deceleration": 87.1, "rotation_down": 32.81, "downward_expansion": 21.64 }, "activity_lines": [ 5.427909, 5.455962, 5.426484, 5.406851 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 5.44, "trend_reference": 5.392209, "distance_from_trend": 0.008863, "trend_direction": "Improving", "fair_value": 4.962312, "distance_from_fair_value": 0.096263, "fair_value_direction": "Weakening", "relative_strength": -8.517843, "relative_strength_direction": "Weakening", "price_momentum": 0.007582, "excess_performance": -0.118043, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.008863, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.013254, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.096263, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.025134, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.085178, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.027678, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.007582, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.60311, "read": "Demand-led" } ], "volume": { "latest": 1392513, "relative_activity": 1.523216, "balance": 1.60311, "dry_up": 1.513189, "accumulation_observations": 6, "distribution_observations": 3 }, "risk": { "range_context": 0.025, "annualized_volatility": 0.115004, "from_high_reference": -0.035283, "from_low_reference": 0.124755 }, "levels": { "trend_reference": 5.392209, "fair_value_reference": 4.962312, "structural_low": 5.153989, "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": 21, "median_return": 0.008248, "positive_rate": 0.52381, "directional_follow_through": 0.52381, "median_excess_return": -0.004169, "regime_survival": 0.761905, "best_return": 0.045126, "worst_return": -0.037512, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.011654, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": 0.001069, "regime_survival": 0.428571, "best_return": 0.093979, "worst_return": -0.0592, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.024182, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.069922, "regime_survival": 0.25, "best_return": 0.071631, "worst_return": -0.053662, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.04667, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.126522, "regime_survival": 0.0, "best_return": 0.102948, "worst_return": -0.196287, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-19", "end": "2024-04-12", "tenure": "Established", "return": 0.021406, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-19", "end": "2024-06-14", "tenure": "Developing", "return": 0.047133, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-21", "end": "2024-10-25", "tenure": "Established", "return": 0.059671, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-01", "end": "2024-12-06", "tenure": "Developing", "return": 0.01652, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-13", "end": "2024-12-27", "tenure": "New", "return": -0.041035, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-03", "end": "2025-01-24", "tenure": "New", "return": 0.005901, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-31", "end": "2025-02-07", "tenure": "New", "return": 0.009208, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-04-04", "tenure": "Developing", "return": -0.030459, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-08-01", "tenure": "Established", "return": 0.046618, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-09-12", "tenure": "Developing", "return": 0.040002, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-19", "end": "2025-09-26", "tenure": "New", "return": -0.005597, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-03", "end": "2026-03-20", "tenure": "Established", "return": 0.024943, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-06-26", "tenure": "Established", "return": 0.056231, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": -0.024965, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 4.508934, "volume": 272478, "typical_volume": 400853.3, "trend": 4.439195, "fair_value": 4.965244, "relative_strength": -5.193353, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 51.023503, "energy": 34.782269, "activity_lines": [ 4.508024, 4.494025, 4.455526, 4.444514 ] }, { "date": "2023-08-25", "close": 4.369122, "volume": 563746, "typical_volume": 400234.85, "trend": 4.433902, "fair_value": 4.961789, "relative_strength": -8.565926, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.73915, "energy": 11.138753, "activity_lines": [ 4.458533, 4.475753, 4.448432, 4.439993 ] }, { "date": "2023-09-01", "close": 4.369122, "volume": 452024, "typical_volume": 408950.9, "trend": 4.425482, "fair_value": 4.958285, "relative_strength": -10.482971, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.173736, "energy": 12.216721, "activity_lines": [ 4.416762, 4.457267, 4.441841, 4.435814 ] }, { "date": "2023-09-08", "close": 4.255525, "volume": 392259, "typical_volume": 419782.9, "trend": 4.41555, "fair_value": 4.953513, "relative_strength": -11.421694, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.631055, "energy": 29.120164, "activity_lines": [ 4.353554, 4.418862, 4.425142, 4.424849 ] }, { "date": "2023-09-15", "close": 4.200816, "volume": 544391, "typical_volume": 432532.35, "trend": 4.408952, "fair_value": 4.948454, "relative_strength": -12.120327, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.496604, "energy": 55.590706, "activity_lines": [ 4.292048, 4.373624, 4.404104, 4.410995 ] }, { "date": "2023-09-22", "close": 4.165736, "volume": 533839, "typical_volume": 437854.0, "trend": 4.403753, "fair_value": 4.943736, "relative_strength": -9.90097, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.553605, "energy": 74.345746, "activity_lines": [ 4.233726, 4.325961, 4.381144, 4.395304 ] }, { "date": "2023-09-29", "close": 3.990337, "volume": 583174, "typical_volume": 446967.2, "trend": 4.394134, "fair_value": 4.937279, "relative_strength": -12.752212, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.871649, "energy": 88.326662, "activity_lines": [ 4.139817, 4.252417, 4.342698, 4.368632 ] }, { "date": "2023-10-06", "close": 3.964027, "volume": 627473, "typical_volume": 453411.75, "trend": 4.382497, "fair_value": 4.9308, "relative_strength": -13.384816, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.612599, "energy": 91.235, "activity_lines": [ 4.06239, 4.183081, 4.303717, 4.340883 ] }, { "date": "2023-10-13", "close": 4.121886, "volume": 690987, "typical_volume": 466524.15, "trend": 4.374445, "fair_value": 4.925499, "relative_strength": -10.008032, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.601865, "energy": 81.503881, "activity_lines": [ 4.064589, 4.154294, 4.281693, 4.324069 ] }, { "date": "2023-10-20", "close": 3.935221, "volume": 523592, "typical_volume": 473042.2, "trend": 4.36103, "fair_value": 4.919149, "relative_strength": -11.716724, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.52891, "energy": 84.537222, "activity_lines": [ 4.013476, 4.099435, 4.242609, 4.295732 ] }, { "date": "2023-10-27", "close": 3.873596, "volume": 408477, "typical_volume": 464939.0, "trend": 4.337258, "fair_value": 4.91275, "relative_strength": -10.714866, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.606088, "energy": 80.521206, "activity_lines": [ 3.959528, 4.042257, 4.199759, 4.264285 ] }, { "date": "2023-11-03", "close": 4.120098, "volume": 903315, "typical_volume": 493858.15, "trend": 4.325424, "fair_value": 4.907288, "relative_strength": -10.05557, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.670242, "energy": 50.520854, "activity_lines": [ 4.007222, 4.04145, 4.182904, 4.250274 ] }, { "date": "2023-11-10", "close": 4.128901, "volume": 800583, "typical_volume": 494234.15, "trend": 4.312453, "fair_value": 4.901289, "relative_strength": -10.881085, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.955182, "energy": 40.313571, "activity_lines": [ 4.049201, 4.04677, 4.168017, 4.237596 ] }, { "date": "2023-11-17", "close": 4.338406, "volume": 1166742, "typical_volume": 520338.15, "trend": 4.309112, "fair_value": 4.896652, "relative_strength": -8.277061, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.235682, "energy": 15.533824, "activity_lines": [ 4.150023, 4.094551, 4.174419, 4.23927 ] }, { "date": "2023-11-24", "close": 4.37375, "volume": 480823, "typical_volume": 531772.5, "trend": 4.304937, "fair_value": 4.891795, "relative_strength": -8.22727, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.400113, "energy": 21.086413, "activity_lines": [ 4.248191, 4.14725, 4.184608, 4.24344 ] }, { "date": "2023-12-01", "close": 4.563721, "volume": 817667, "typical_volume": 562440.5, "trend": 4.309681, "fair_value": 4.887907, "relative_strength": -4.845916, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 37.471297, "energy": 39.616506, "activity_lines": [ 4.380448, 4.231346, 4.213101, 4.260136 ] }, { "date": "2023-12-08", "close": 4.435601, "volume": 1075519, "typical_volume": 604993.7, "trend": 4.310728, "fair_value": 4.882949, "relative_strength": -7.43491, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.901198, "energy": 37.596615, "activity_lines": [ 4.42399, 4.284911, 4.229072, 4.26826 ] }, { "date": "2023-12-15", "close": 4.612318, "volume": 663856, "typical_volume": 624623.4, "trend": 4.318875, "fair_value": 4.879792, "relative_strength": -5.702565, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.919898, "energy": 57.636924, "activity_lines": [ 4.505404, 4.36251, 4.262107, 4.287717 ] }, { "date": "2023-12-22", "close": 4.565811, "volume": 890863, "typical_volume": 642019.35, "trend": 4.328643, "fair_value": 4.876336, "relative_strength": -7.222246, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.752363, "energy": 58.290945, "activity_lines": [ 4.539088, 4.419867, 4.290729, 4.303649 ] }, { "date": "2023-12-29", "close": 4.583542, "volume": 640988, "typical_volume": 651639.8, "trend": 4.335542, "fair_value": 4.872396, "relative_strength": -6.834703, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.802134, "energy": 54.029911, "activity_lines": [ 4.563522, 4.472376, 4.320986, 4.320094 ] }, { "date": "2024-01-05", "close": 4.574676, "volume": 368490, "typical_volume": 656440.4, "trend": 4.341281, "fair_value": 4.868797, "relative_strength": -5.200594, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.699214, "energy": 47.664993, "activity_lines": [ 4.571015, 4.511485, 4.349638, 4.335522 ] }, { "date": "2024-01-12", "close": 4.663333, "volume": 533909, "typical_volume": 654948.55, "trend": 4.351478, "fair_value": 4.865867, "relative_strength": -4.850391, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 71.292427, "energy": 58.699702, "activity_lines": [ 4.607329, 4.553967, 4.386421, 4.356299 ] }, { "date": "2024-01-19", "close": 4.546251, "volume": 743941, "typical_volume": 669544.4, "trend": 4.356037, "fair_value": 4.861855, "relative_strength": -7.918922, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.296391, "energy": 45.551103, "activity_lines": [ 4.589434, 4.565284, 4.410653, 4.368865 ] }, { "date": "2024-01-26", "close": 4.617426, "volume": 469668, "typical_volume": 673414.85, "trend": 4.362389, "fair_value": 4.8581, "relative_strength": -7.108414, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.569258, "energy": 44.135943, "activity_lines": [ 4.599668, 4.581954, 4.440819, 4.385729 ] }, { "date": "2024-02-02", "close": 4.635219, "volume": 835965, "typical_volume": 687993.55, "trend": 4.369624, "fair_value": 4.853807, "relative_strength": -7.710905, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.637332, "energy": 52.331492, "activity_lines": [ 4.612393, 4.596786, 4.470957, 4.403331 ] }, { "date": "2024-02-09", "close": 4.697497, "volume": 481791, "typical_volume": 685391.15, "trend": 4.37633, "fair_value": 4.849463, "relative_strength": -7.406074, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.693438, "energy": 54.082441, "activity_lines": [ 4.642432, 4.618188, 4.504958, 4.424484 ] }, { "date": "2024-02-16", "close": 4.688255, "volume": 517087, "typical_volume": 682086.8, "trend": 4.383108, "fair_value": 4.845933, "relative_strength": -6.996334, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.428914, "energy": 66.147601, "activity_lines": [ 4.661202, 4.635476, 4.535546, 4.444608 ] }, { "date": "2024-02-23", "close": 4.706115, "volume": 400354, "typical_volume": 670730.85, "trend": 4.386127, "fair_value": 4.842718, "relative_strength": -7.858577, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.753537, "energy": 68.293436, "activity_lines": [ 4.684263, 4.651419, 4.564511, 4.465447 ] }, { "date": "2024-03-01", "close": 4.741835, "volume": 491536, "typical_volume": 660758.3, "trend": 4.392368, "fair_value": 4.839079, "relative_strength": -7.799476, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.423888, "energy": 72.332754, "activity_lines": [ 4.708574, 4.67215, 4.593345, 4.488396 ] }, { "date": "2024-03-08", "close": 4.795415, "volume": 410123, "typical_volume": 655084.85, "trend": 4.40475, "fair_value": 4.835633, "relative_strength": -6.196218, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.064201, "energy": 72.751289, "activity_lines": [ 4.742451, 4.699423, 4.624329, 4.514399 ] }, { "date": "2024-03-15", "close": 4.751142, "volume": 346871, "typical_volume": 652004.55, "trend": 4.412823, "fair_value": 4.832628, "relative_strength": -6.644515, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.569809, "energy": 66.293549, "activity_lines": [ 4.750891, 4.714794, 4.647001, 4.536747 ] }, { "date": "2024-03-22", "close": 4.751142, "volume": 351710, "typical_volume": 624424.3, "trend": 4.425557, "fair_value": 4.829271, "relative_strength": -8.328788, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.913887, "energy": 62.298968, "activity_lines": [ 4.755754, 4.726956, 4.665494, 4.558574 ] }, { "date": "2024-03-29", "close": 4.813893, "volume": 368131, "typical_volume": 602801.7, "trend": 4.440383, "fair_value": 4.825559, "relative_strength": -7.059364, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.183719, "energy": 57.420975, "activity_lines": [ 4.777342, 4.748931, 4.686958, 4.583628 ] }, { "date": "2024-04-05", "close": 4.661498, "volume": 517228, "typical_volume": 570326.0, "trend": 4.453915, "fair_value": 4.820819, "relative_strength": -8.823523, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.509993, "energy": 41.785065, "activity_lines": [ 4.740946, 4.738332, 4.690647, 4.597894 ] }, { "date": "2024-04-12", "close": 4.643569, "volume": 323381, "typical_volume": 562453.9, "trend": 4.468674, "fair_value": 4.81548, "relative_strength": -7.461367, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.579985, "energy": 27.711766, "activity_lines": [ 4.703929, 4.723671, 4.691089, 4.610129 ] }, { "date": "2024-04-19", "close": 4.599232, "volume": 285998, "typical_volume": 535870.45, "trend": 4.483124, "fair_value": 4.810058, "relative_strength": -5.136715, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.465699, "energy": 18.72626, "activity_lines": [ 4.662257, 4.700798, 4.686025, 4.618552 ] }, { "date": "2024-04-26", "close": 4.57223, "volume": 400909, "typical_volume": 502139.95, "trend": 4.50252, "fair_value": 4.804413, "relative_strength": -7.765933, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.319237, "energy": 17.139802, "activity_lines": [ 4.621712, 4.674802, 4.678219, 4.624301 ] }, { "date": "2024-05-03", "close": 4.626233, "volume": 372730, "typical_volume": 487583.65, "trend": 4.524594, "fair_value": 4.798101, "relative_strength": -6.894915, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.906582, "energy": 20.141547, "activity_lines": [ 4.611094, 4.660734, 4.674906, 4.632283 ] }, { "date": "2024-05-10", "close": 4.734238, "volume": 422885, "typical_volume": 464184.75, "trend": 4.545005, "fair_value": 4.79271, "relative_strength": -6.140147, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.936329, "energy": 16.835923, "activity_lines": [ 4.64899, 4.667755, 4.681813, 4.645808 ] }, { "date": "2024-05-17", "close": 4.770831, "volume": 227302, "typical_volume": 443500.45, "trend": 4.572859, "fair_value": 4.786887, "relative_strength": -6.660867, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.231453, "energy": 22.987781, "activity_lines": [ 4.694233, 4.681568, 4.691403, 4.660378 ] }, { "date": "2024-05-24", "close": 4.707581, "volume": 302073, "typical_volume": 440179.6, "trend": 4.600659, "fair_value": 4.780201, "relative_strength": -7.633592, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.290487, "energy": 25.237881, "activity_lines": [ 4.709909, 4.684328, 4.694077, 4.669069 ] }, { "date": "2024-05-31", "close": 4.680474, "volume": 275011, "typical_volume": 427234.7, "trend": 4.619338, "fair_value": 4.773901, "relative_strength": -7.527633, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.741413, "energy": 26.606921, "activity_lines": [ 4.709326, 4.682952, 4.693537, 4.674219 ] }, { "date": "2024-06-07", "close": 4.75276, "volume": 423393, "typical_volume": 411207.3, "trend": 4.640133, "fair_value": 4.768419, "relative_strength": -6.989401, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 45.749793, "energy": 34.260653, "activity_lines": [ 4.725623, 4.696003, 4.699799, 4.682827 ] }, { "date": "2024-06-14", "close": 4.816009, "volume": 371970, "typical_volume": 406322.4, "trend": 4.656053, "fair_value": 4.763163, "relative_strength": -7.059728, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 65.859761, "energy": 49.791714, "activity_lines": [ 4.754567, 4.721666, 4.711102, 4.694173 ] }, { "date": "2024-06-21", "close": 4.789198, "volume": 328411, "typical_volume": 380944.7, "trend": 4.669901, "fair_value": 4.757021, "relative_strength": -7.885126, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.422865, "energy": 48.240454, "activity_lines": [ 4.769122, 4.739644, 4.718906, 4.702763 ] }, { "date": "2024-06-28", "close": 4.952466, "volume": 498703, "typical_volume": 381790.3, "trend": 4.68286, "fair_value": 4.752079, "relative_strength": -4.496562, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.116268, "energy": 74.194201, "activity_lines": [ 4.836876, 4.78466, 4.741526, 4.720993 ] }, { "date": "2024-07-05", "close": 4.870832, "volume": 220635, "typical_volume": 366967.7, "trend": 4.697367, "fair_value": 4.745643, "relative_strength": -7.567885, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.359211, "energy": 71.512634, "activity_lines": [ 4.861093, 4.808411, 4.755157, 4.733121 ] }, { "date": "2024-07-12", "close": 4.925254, "volume": 534525, "typical_volume": 373676.25, "trend": 4.707799, "fair_value": 4.740551, "relative_strength": -7.173812, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.244573, "energy": 76.018099, "activity_lines": [ 4.89076, 4.836628, 4.773102, 4.747823 ] }, { "date": "2024-07-19", "close": 4.871905, "volume": 421143, "typical_volume": 370156.6, "trend": 4.718002, "fair_value": 4.735167, "relative_strength": -6.113938, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.596662, "energy": 69.981544, "activity_lines": [ 4.891144, 4.849708, 4.784922, 4.75841 ] }, { "date": "2024-07-26", "close": 4.890118, "volume": 529761, "typical_volume": 376138.5, "trend": 4.728221, "fair_value": 4.729184, "relative_strength": -4.730866, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.162801, "energy": 52.071483, "activity_lines": [ 4.893873, 4.863597, 4.797857, 4.769515 ] }, { "date": "2024-08-02", "close": 5.0085, "volume": 587347, "typical_volume": 388162.3, "trend": 4.742682, "fair_value": 4.724112, "relative_strength": -0.120371, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.138047, "energy": 59.063392, "activity_lines": [ 4.929335, 4.89684, 4.821616, 4.787597 ] }, { "date": "2024-08-09", "close": 5.0085, "volume": 625287, "typical_volume": 401841.15, "trend": 4.754187, "fair_value": 4.719144, "relative_strength": -0.000387, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.062974, "energy": 58.330513, "activity_lines": [ 4.961061, 4.924613, 4.84415, 4.804747 ] }, { "date": "2024-08-16", "close": 5.091754, "volume": 479740, "typical_volume": 407421.6, "trend": 4.772371, "fair_value": 4.714633, "relative_strength": -1.989685, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.420667, "energy": 76.175201, "activity_lines": [ 5.011361, 4.961558, 4.873387, 4.826525 ] }, { "date": "2024-08-23", "close": 5.128319, "volume": 438705, "typical_volume": 403495.45, "trend": 4.7894, "fair_value": 4.710048, "relative_strength": -2.469555, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.540147, "energy": 84.938751, "activity_lines": [ 5.062749, 4.998988, 4.904783, 4.84949 ] }, { "date": "2024-08-30", "close": 5.100895, "volume": 301367, "typical_volume": 402394.75, "trend": 4.804923, "fair_value": 4.706058, "relative_strength": -3.104376, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.40436, "energy": 82.162026, "activity_lines": [ 5.087901, 5.025754, 4.931344, 4.869586 ] }, { "date": "2024-09-06", "close": 5.155743, "volume": 344647, "typical_volume": 405327.2, "trend": 4.820198, "fair_value": 4.702728, "relative_strength": 2.194617, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.301227, "energy": 84.331555, "activity_lines": [ 5.117284, 5.056824, 4.960952, 4.89222 ] }, { "date": "2024-09-13", "close": 5.238016, "volume": 291721, "typical_volume": 399867.8, "trend": 4.838523, "fair_value": 4.699386, "relative_strength": -0.122031, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.6199, "energy": 86.277617, "activity_lines": [ 5.164275, 5.099158, 4.995744, 4.919176 ] }, { "date": "2024-09-20", "close": 5.239284, "volume": 428125, "typical_volume": 402637.55, "trend": 4.856296, "fair_value": 4.695796, "relative_strength": -1.378017, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.013489, "energy": 80.228293, "activity_lines": [ 5.196388, 5.135046, 5.027488, 4.945031 ] }, { "date": "2024-09-27", "close": 5.234696, "volume": 625427, "typical_volume": 412764.65, "trend": 4.872724, "fair_value": 4.693103, "relative_strength": -1.958867, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.399515, "energy": 80.273393, "activity_lines": [ 5.217136, 5.16439, 5.055874, 4.969444 ] }, { "date": "2024-10-04", "close": 5.202582, "volume": 511266, "typical_volume": 426962.85, "trend": 4.886296, "fair_value": 4.690721, "relative_strength": -2.762319, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.654505, "energy": 72.205045, "activity_lines": [ 5.220088, 5.181299, 5.07882, 4.990725 ] }, { "date": "2024-10-11", "close": 5.230109, "volume": 701962, "typical_volume": 446957.3, "trend": 4.902262, "fair_value": 4.687773, "relative_strength": -3.22985, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.850814, "energy": 62.065131, "activity_lines": [ 5.225436, 5.197532, 5.102331, 5.012907 ] }, { "date": "2024-10-18", "close": 5.240765, "volume": 456614, "typical_volume": 456037.45, "trend": 4.918583, "fair_value": 4.686031, "relative_strength": -3.763496, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.249132, "energy": 58.469207, "activity_lines": [ 5.229379, 5.211673, 5.124368, 5.034746 ] }, { "date": "2024-10-25", "close": 5.074976, "volume": 460920, "typical_volume": 457913.8, "trend": 4.927286, "fair_value": 4.682864, "relative_strength": -5.759879, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.04751, "energy": 37.401957, "activity_lines": [ 5.177875, 5.191447, 5.127948, 5.044836 ] }, { "date": "2024-11-01", "close": 5.121029, "volume": 440218, "typical_volume": 461326.2, "trend": 4.942603, "fair_value": 4.678544, "relative_strength": -3.4449, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.126948, "energy": 27.990163, "activity_lines": [ 5.152676, 5.1799, 5.13438, 5.057335 ] }, { "date": "2024-11-08", "close": 5.130239, "volume": 480544, "typical_volume": 468932.85, "trend": 4.958826, "fair_value": 4.673973, "relative_strength": -7.484918, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.378528, "energy": 22.320367, "activity_lines": [ 5.138125, 5.17016, 5.140236, 5.069441 ] }, { "date": "2024-11-15", "close": 5.168642, "volume": 404773, "typical_volume": 464236.35, "trend": 4.977806, "fair_value": 4.670771, "relative_strength": -4.628764, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.552015, "energy": 24.011608, "activity_lines": [ 5.141198, 5.166869, 5.148126, 5.082977 ] }, { "date": "2024-11-22", "close": 5.12241, "volume": 433053, "typical_volume": 474857.25, "trend": 4.996145, "fair_value": 4.667636, "relative_strength": -6.811108, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.094004, "energy": 17.726698, "activity_lines": [ 5.132958, 5.154937, 5.150583, 5.092306 ] }, { "date": "2024-11-29", "close": 5.27035, "volume": 430822, "typical_volume": 469672.1, "trend": 5.017616, "fair_value": 4.665813, "relative_strength": -4.976928, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.322836, "energy": 35.766469, "activity_lines": [ 5.181922, 5.172005, 5.165932, 5.109997 ] }, { "date": "2024-12-06", "close": 5.205626, "volume": 476474, "typical_volume": 472438.65, "trend": 5.033329, "fair_value": 4.663316, "relative_strength": -6.721377, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.713557, "energy": 34.187207, "activity_lines": [ 5.196286, 5.176741, 5.173474, 5.122127 ] }, { "date": "2024-12-13", "close": 5.159395, "volume": 366950, "typical_volume": 464298.1, "trend": 5.046281, "fair_value": 4.660178, "relative_strength": -6.729095, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.873786, "energy": 27.544607, "activity_lines": [ 5.189599, 5.1736, 5.175023, 5.13026 ] }, { "date": "2024-12-20", "close": 4.929116, "volume": 932067, "typical_volume": 481534.1, "trend": 5.053665, "fair_value": 4.655877, "relative_strength": -8.953629, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -7.94261, "energy": 7.725722, "activity_lines": [ 5.10421, 5.129375, 5.153359, 5.122701 ] }, { "date": "2024-12-27", "close": 4.947681, "volume": 730643, "typical_volume": 486801.9, "trend": 5.062572, "fair_value": 4.651121, "relative_strength": -8.92598, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -29.98629, "energy": 33.932861, "activity_lines": [ 5.040977, 5.093998, 5.13384, 5.115863 ] }, { "date": "2025-01-03", "close": 5.01266, "volume": 496753, "typical_volume": 487652.55, "trend": 5.071236, "fair_value": 4.647616, "relative_strength": -6.97195, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.160523, "energy": 38.995135, "activity_lines": [ 5.011053, 5.075764, 5.1208, 5.112643 ] }, { "date": "2025-01-10", "close": 4.966247, "volume": 305128, "typical_volume": 480973.7, "trend": 5.076244, "fair_value": 4.643917, "relative_strength": -5.744328, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.971004, "energy": 53.706635, "activity_lines": [ 4.982836, 5.050224, 5.103717, 5.10587 ] }, { "date": "2025-01-17", "close": 5.014278, "volume": 382335, "typical_volume": 485022.1, "trend": 5.083746, "fair_value": 4.641447, "relative_strength": -7.327919, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.561525, "energy": 47.749723, "activity_lines": [ 4.986589, 5.036232, 5.091979, 5.101872 ] }, { "date": "2025-01-24", "close": 5.042238, "volume": 279819, "typical_volume": 481780.7, "trend": 5.086739, "fair_value": 4.640149, "relative_strength": -8.14989, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.419182, "energy": 25.08989, "activity_lines": [ 5.009336, 5.029431, 5.083317, 5.099194 ] }, { "date": "2025-01-31", "close": 5.060879, "volume": 567220, "typical_volume": 495555.65, "trend": 5.093074, "fair_value": 4.639024, "relative_strength": -6.652075, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.071158, "energy": 15.149139, "activity_lines": [ 5.030756, 5.028318, 5.07697, 5.097526 ] }, { "date": "2025-02-07", "close": 5.10748, "volume": 663426, "typical_volume": 507320.7, "trend": 5.099148, "fair_value": 4.638667, "relative_strength": -5.427785, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -29.842889, "energy": 16.809416, "activity_lines": [ 5.060162, 5.036797, 5.075905, 5.098455 ] }, { "date": "2025-02-14", "close": 5.135441, "volume": 429834, "typical_volume": 497541.05, "trend": 5.107932, "fair_value": 4.637427, "relative_strength": -6.085183, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -18.489024, "energy": 16.041178, "activity_lines": [ 5.092568, 5.053321, 5.078131, 5.100797 ] }, { "date": "2025-02-21", "close": 5.155663, "volume": 415480, "typical_volume": 492751.75, "trend": 5.116784, "fair_value": 4.63616, "relative_strength": -4.018549, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.603872, "energy": 14.606858, "activity_lines": [ 5.120434, 5.074797, 5.082756, 5.103876 ] }, { "date": "2025-02-28", "close": 5.19309, "volume": 480309, "typical_volume": 481669.1, "trend": 5.122937, "fair_value": 4.635184, "relative_strength": -2.253442, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 23.399566, "energy": 25.068411, "activity_lines": [ 5.151351, 5.103147, 5.091168, 5.108799 ] }, { "date": "2025-03-07", "close": 5.099521, "volume": 539960, "typical_volume": 485836.4, "trend": 5.125971, "fair_value": 4.635393, "relative_strength": -0.835549, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.944771, "energy": 18.605473, "activity_lines": [ 5.141021, 5.109684, 5.090845, 5.107288 ] }, { "date": "2025-03-14", "close": 5.034023, "volume": 388872, "typical_volume": 482234.0, "trend": 5.124046, "fair_value": 4.635011, "relative_strength": 0.271378, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -20.06199, "energy": 12.767521, "activity_lines": [ 5.106282, 5.101552, 5.084957, 5.101356 ] }, { "date": "2025-03-21", "close": 5.082361, "volume": 392285, "typical_volume": 479837.35, "trend": 5.122514, "fair_value": 4.635729, "relative_strength": 0.768978, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.195872, "energy": 10.576169, "activity_lines": [ 5.092554, 5.10182, 5.083867, 5.098667 ] }, { "date": "2025-03-28", "close": 4.979022, "volume": 796085, "typical_volume": 495614.4, "trend": 5.118452, "fair_value": 4.635099, "relative_strength": 0.275712, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.668284, "energy": 30.938427, "activity_lines": [ 5.047917, 5.081188, 5.07312, 5.089409 ] }, { "date": "2025-04-04", "close": 4.979022, "volume": 834306, "typical_volume": 517091.05, "trend": 5.112561, "fair_value": 4.635944, "relative_strength": 10.096615, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.157383, "energy": 46.467474, "activity_lines": [ 5.015057, 5.061197, 5.063093, 5.080414 ] }, { "date": "2025-04-11", "close": 4.678402, "volume": 1228115, "typical_volume": 556844.15, "trend": 5.093908, "fair_value": 4.635653, "relative_strength": -2.010193, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.887645, "energy": 79.264249, "activity_lines": [ 4.896261, 4.987698, 5.025339, 5.052403 ] }, { "date": "2025-04-18", "close": 4.736178, "volume": 1074197, "typical_volume": 589012.9, "trend": 5.077137, "fair_value": 4.636249, "relative_strength": 0.70755, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.980358, "energy": 84.728554, "activity_lines": [ 4.824798, 4.931657, 4.995201, 5.029324 ] }, { "date": "2025-04-25", "close": 4.858828, "volume": 915831, "typical_volume": 610980.75, "trend": 5.064608, "fair_value": 4.638108, "relative_strength": -1.169855, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.141398, "energy": 77.157716, "activity_lines": [ 4.814075, 4.904667, 4.979288, 5.01524 ] }, { "date": "2025-05-02", "close": 4.915435, "volume": 657347, "typical_volume": 625500.6, "trend": 5.055037, "fair_value": 4.639483, "relative_strength": -2.759505, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.271514, "energy": 69.707785, "activity_lines": [ 4.837123, 4.892999, 4.970417, 5.005616 ] }, { "date": "2025-05-09", "close": 4.906001, "volume": 507566, "typical_volume": 604275.55, "trend": 5.044233, "fair_value": 4.641856, "relative_strength": -2.4223, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.629491, "energy": 40.971331, "activity_lines": [ 4.861266, 4.883983, 4.96181, 4.996 ] }, { "date": "2025-05-16", "close": 4.926797, "volume": 569308, "typical_volume": 596208.8, "trend": 5.033768, "fair_value": 4.644723, "relative_strength": -6.765175, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.155816, "energy": 23.830762, "activity_lines": [ 4.897209, 4.883968, 4.955293, 4.988424 ] }, { "date": "2025-05-23", "close": 4.813102, "volume": 687951, "typical_volume": 605768.7, "trend": 5.025039, "fair_value": 4.644419, "relative_strength": -6.403046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.838233, "energy": 26.711332, "activity_lines": [ 4.878693, 4.866422, 4.938048, 4.974187 ] }, { "date": "2025-05-30", "close": 4.851, "volume": 797743, "typical_volume": 630399.45, "trend": 5.016038, "fair_value": 4.644571, "relative_strength": -7.159168, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.046846, "energy": 25.722398, "activity_lines": [ 4.867682, 4.859782, 4.925362, 4.962959 ] }, { "date": "2025-06-06", "close": 4.784678, "volume": 874076, "typical_volume": 654986.5, "trend": 5.004519, "fair_value": 4.645678, "relative_strength": -9.717474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.192736, "energy": 37.730474, "activity_lines": [ 4.835086, 4.845291, 4.906909, 4.948033 ] }, { "date": "2025-06-13", "close": 4.884161, "volume": 948718, "typical_volume": 688431.45, "trend": 4.995036, "fair_value": 4.649864, "relative_strength": -7.34795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.615995, "energy": 33.98015, "activity_lines": [ 4.844368, 4.852422, 4.899023, 4.940268 ] }, { "date": "2025-06-20", "close": 4.921112, "volume": 529964, "typical_volume": 686568.65, "trend": 4.988326, "fair_value": 4.653541, "relative_strength": -6.369964, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.170931, "energy": 26.051836, "activity_lines": [ 4.867423, 4.867995, 4.89541, 4.935498 ] }, { "date": "2025-06-27", "close": 4.911594, "volume": 540725, "typical_volume": 680433.6, "trend": 4.976368, "fair_value": 4.656144, "relative_strength": -9.444892, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.489809, "energy": 17.48267, "activity_lines": [ 4.887684, 4.877425, 4.891555, 4.930548 ] }, { "date": "2025-07-04", "close": 4.940149, "volume": 710350, "typical_volume": 694459.4, "trend": 4.967518, "fair_value": 4.657545, "relative_strength": -10.243613, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.20831, "energy": 16.224212, "activity_lines": [ 4.910897, 4.888858, 4.891353, 4.928211 ] }, { "date": "2025-07-11", "close": 4.825926, "volume": 1368153, "typical_volume": 742093.05, "trend": 4.956403, "fair_value": 4.658373, "relative_strength": -11.852512, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.391376, "energy": 19.433556, "activity_lines": [ 4.890093, 4.878044, 4.881202, 4.919076 ] }, { "date": "2025-07-18", "close": 4.829554, "volume": 1282065, "typical_volume": 782180.85, "trend": 4.953084, "fair_value": 4.659168, "relative_strength": -12.094655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.43835, "energy": 24.042665, "activity_lines": [ 4.867748, 4.869517, 4.872968, 4.910892 ] }, { "date": "2025-07-25", "close": 4.843899, "volume": 650192, "typical_volume": 787692.45, "trend": 4.949625, "fair_value": 4.659306, "relative_strength": -12.865709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.32326, "energy": 30.517574, "activity_lines": [ 4.853825, 4.864988, 4.86783, 4.903848 ] }, { "date": "2025-08-01", "close": 4.896498, "volume": 528299, "typical_volume": 794663.8, "trend": 4.945753, "fair_value": 4.659568, "relative_strength": -9.413271, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.438769, "energy": 26.290546, "activity_lines": [ 4.862583, 4.87153, 4.868919, 4.900421 ] }, { "date": "2025-08-08", "close": 4.924519, "volume": 632664, "typical_volume": 806682.75, "trend": 4.944362, "fair_value": 4.659848, "relative_strength": -10.752976, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.464503, "energy": 9.888608, "activity_lines": [ 4.881688, 4.88165, 4.873332, 4.899051 ] }, { "date": "2025-08-15", "close": 4.906062, "volume": 628128, "typical_volume": 798284.9, "trend": 4.940754, "fair_value": 4.661133, "relative_strength": -11.623742, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.143349, "energy": 9.464687, "activity_lines": [ 4.895682, 4.887078, 4.876738, 4.89658 ] }, { "date": "2025-08-22", "close": 4.929332, "volume": 806255, "typical_volume": 796882.35, "trend": 4.936991, "fair_value": 4.662729, "relative_strength": -11.145454, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.676025, "energy": 11.88385, "activity_lines": [ 4.912091, 4.89453, 4.882708, 4.895843 ] }, { "date": "2025-08-29", "close": 4.986985, "volume": 641453, "typical_volume": 767549.25, "trend": 4.934528, "fair_value": 4.665177, "relative_strength": -9.781281, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.446316, "energy": 27.201513, "activity_lines": [ 4.941065, 4.911642, 4.894406, 4.899068 ] }, { "date": "2025-09-05", "close": 4.967767, "volume": 602838, "typical_volume": 743981.3, "trend": 4.929871, "fair_value": 4.667985, "relative_strength": -10.03236, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.148514, "energy": 36.460232, "activity_lines": [ 4.954094, 4.924063, 4.902804, 4.901213 ] }, { "date": "2025-09-12", "close": 5.121508, "volume": 801837, "typical_volume": 738281.6, "trend": 4.929406, "fair_value": 4.672643, "relative_strength": -8.342942, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 54.753551, "energy": 62.006309, "activity_lines": [ 5.013619, 4.963416, 4.924741, 4.913576 ] }, { "date": "2025-09-19", "close": 5.173526, "volume": 551013, "typical_volume": 732964.9, "trend": 4.930002, "fair_value": 4.67855, "relative_strength": -8.223586, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 56.722998, "energy": 71.207377, "activity_lines": [ 5.077351, 5.008929, 4.950381, 4.929326 ] }, { "date": "2025-09-26", "close": 5.14457, "volume": 568539, "typical_volume": 736013.55, "trend": 4.928384, "fair_value": 4.685457, "relative_strength": -8.166616, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 72.879688, "energy": 79.126502, "activity_lines": [ 5.1136, 5.042857, 4.972034, 4.943169 ] }, { "date": "2025-10-03", "close": 5.125265, "volume": 650996, "typical_volume": 740097.95, "trend": 4.929243, "fair_value": 4.691917, "relative_strength": -9.205686, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.191548, "energy": 76.638597, "activity_lines": [ 5.129064, 5.067548, 4.990713, 4.955871 ] }, { "date": "2025-10-10", "close": 5.221786, "volume": 568616, "typical_volume": 734131.2, "trend": 4.935501, "fair_value": 4.699157, "relative_strength": -4.956062, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.269651, "energy": 80.266959, "activity_lines": [ 5.167484, 5.104672, 5.017639, 4.974745 ] }, { "date": "2025-10-17", "close": 5.215909, "volume": 349498, "typical_volume": 711718.95, "trend": 4.939953, "fair_value": 4.706634, "relative_strength": -6.426205, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.275392, "energy": 67.584352, "activity_lines": [ 5.18701, 5.134813, 5.04206, 4.992836 ] }, { "date": "2025-10-24", "close": 5.254689, "volume": 449662, "typical_volume": 690498.25, "trend": 4.949142, "fair_value": 4.714737, "relative_strength": -7.284268, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.284369, "energy": 67.496032, "activity_lines": [ 5.213169, 5.166707, 5.068436, 5.013141 ] }, { "date": "2025-10-31", "close": 5.244994, "volume": 570506, "typical_volume": 671587.65, "trend": 4.958008, "fair_value": 4.722617, "relative_strength": -7.814238, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.250347, "energy": 68.070926, "activity_lines": [ 5.230686, 5.1905, 5.091651, 5.032229 ] }, { "date": "2025-11-07", "close": 5.196519, "volume": 693904, "typical_volume": 679784.65, "trend": 4.975278, "fair_value": 4.729374, "relative_strength": -6.956012, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.370063, "energy": 52.912244, "activity_lines": [ 5.225349, 5.19974, 5.10853, 5.047616 ] }, { "date": "2025-11-14", "close": 5.240147, "volume": 340869, "typical_volume": 669791.85, "trend": 4.992077, "fair_value": 4.735985, "relative_strength": -6.063191, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.240398, "energy": 52.121897, "activity_lines": [ 5.229805, 5.213102, 5.128254, 5.064705 ] }, { "date": "2025-11-21", "close": 5.161357, "volume": 640462, "typical_volume": 666297.45, "trend": 5.002161, "fair_value": 4.741386, "relative_strength": -5.473117, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.809778, "energy": 37.907614, "activity_lines": [ 5.206774, 5.207187, 5.138908, 5.075626 ] }, { "date": "2025-11-28", "close": 5.200311, "volume": 512846, "typical_volume": 623532.1, "trend": 5.011657, "fair_value": 4.746439, "relative_strength": -7.888852, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.103209, "energy": 30.579555, "activity_lines": [ 5.200364, 5.20763, 5.15222, 5.08841 ] }, { "date": "2025-12-05", "close": 5.287956, "volume": 1214920, "typical_volume": 620174.85, "trend": 5.024389, "fair_value": 4.751999, "relative_strength": -6.442317, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.08475, "energy": 39.638413, "activity_lines": [ 5.226794, 5.223521, 5.172096, 5.106236 ] }, { "date": "2025-12-12", "close": 5.253872, "volume": 643592, "typical_volume": 619844.85, "trend": 5.035292, "fair_value": 4.75773, "relative_strength": -6.304884, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.225482, "energy": 37.618183, "activity_lines": [ 5.238999, 5.230608, 5.186543, 5.121041 ] }, { "date": "2025-12-19", "close": 5.252985, "volume": 795171, "typical_volume": 633188.45, "trend": 5.049954, "fair_value": 4.76411, "relative_strength": -6.276927, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.436729, "energy": 39.857285, "activity_lines": [ 5.247084, 5.235195, 5.198953, 5.135086 ] }, { "date": "2025-12-26", "close": 5.243203, "volume": 534417, "typical_volume": 628276.1, "trend": 5.063028, "fair_value": 4.7695, "relative_strength": -7.592331, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.775172, "energy": 39.373462, "activity_lines": [ 5.251053, 5.237437, 5.208734, 5.147553 ] }, { "date": "2026-01-02", "close": 5.252985, "volume": 555469, "typical_volume": 624643.15, "trend": 5.078638, "fair_value": 4.774408, "relative_strength": -6.259773, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.345455, "energy": 34.245989, "activity_lines": [ 5.252826, 5.240961, 5.217929, 5.159809 ] }, { "date": "2026-01-09", "close": 5.331242, "volume": 571702, "typical_volume": 612915.5, "trend": 5.093541, "fair_value": 4.779873, "relative_strength": -6.142947, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.33551, "energy": 41.885613, "activity_lines": [ 5.277173, 5.258744, 5.232925, 5.176106 ] }, { "date": "2026-01-16", "close": 5.380153, "volume": 549779, "typical_volume": 608331.8, "trend": 5.108842, "fair_value": 4.784625, "relative_strength": -4.792851, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.266106, "energy": 53.151519, "activity_lines": [ 5.314939, 5.283853, 5.250665, 5.194597 ] }, { "date": "2026-01-23", "close": 5.305722, "volume": 428761, "typical_volume": 599627.95, "trend": 5.12198, "fair_value": 4.789611, "relative_strength": -5.625098, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.381705, "energy": 45.143777, "activity_lines": [ 5.319475, 5.292089, 5.259445, 5.207299 ] }, { "date": "2026-01-30", "close": 5.433452, "volume": 552689, "typical_volume": 587170.55, "trend": 5.138423, "fair_value": 4.794814, "relative_strength": -3.586787, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.000553, "energy": 64.884747, "activity_lines": [ 5.363072, 5.322357, 5.27878, 5.227394 ] }, { "date": "2026-02-06", "close": 5.399063, "volume": 511096, "typical_volume": 585174.7, "trend": 5.157528, "fair_value": 4.800235, "relative_strength": -3.831834, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.078106, "energy": 57.181849, "activity_lines": [ 5.382522, 5.341425, 5.293354, 5.244209 ] }, { "date": "2026-02-13", "close": 5.44819, "volume": 229592, "typical_volume": 568227.35, "trend": 5.178149, "fair_value": 4.806962, "relative_strength": -1.570771, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.545922, "energy": 53.854451, "activity_lines": [ 5.40861, 5.365812, 5.311533, 5.262962 ] }, { "date": "2026-02-20", "close": 5.449999, "volume": 169544, "typical_volume": 544154.75, "trend": 5.198352, "fair_value": 4.814195, "relative_strength": -2.452579, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.947984, "energy": 61.749534, "activity_lines": [ 5.427505, 5.387614, 5.328439, 5.2805 ] }, { "date": "2026-02-27", "close": 5.516113, "volume": 484504, "typical_volume": 539949.15, "trend": 5.219006, "fair_value": 4.822125, "relative_strength": -0.585123, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.847807, "energy": 67.172721, "activity_lines": [ 5.463781, 5.417871, 5.350095, 5.301001 ] }, { "date": "2026-03-06", "close": 5.417435, "volume": 480318, "typical_volume": 546490.15, "trend": 5.235437, "fair_value": 4.829204, "relative_strength": -0.173369, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.171349, "energy": 55.128768, "activity_lines": [ 5.453138, 5.425403, 5.360951, 5.313803 ] }, { "date": "2026-03-13", "close": 5.318757, "volume": 402317, "typical_volume": 544122.9, "trend": 5.249193, "fair_value": 4.835328, "relative_strength": -0.256534, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.459222, "energy": 31.763268, "activity_lines": [ 5.41067, 5.411825, 5.36145, 5.319178 ] }, { "date": "2026-03-20", "close": 5.253105, "volume": 315625, "typical_volume": 531378.85, "trend": 5.259985, "fair_value": 4.841196, "relative_strength": 0.561508, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.012748, "energy": 12.520167, "activity_lines": [ 5.351672, 5.385114, 5.355391, 5.319431 ] }, { "date": "2026-03-27", "close": 5.203547, "volume": 647769, "typical_volume": 529072.1, "trend": 5.267204, "fair_value": 4.84515, "relative_strength": 2.096467, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.861897, "energy": 18.202094, "activity_lines": [ 5.289161, 5.350814, 5.344574, 5.31579 ] }, { "date": "2026-04-03", "close": 5.22337, "volume": 523889, "typical_volume": 538223.1, "trend": 5.275724, "fair_value": 4.849947, "relative_strength": -0.434843, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.238303, "energy": 30.477341, "activity_lines": [ 5.249687, 5.323329, 5.335611, 5.312961 ] }, { "date": "2026-04-10", "close": 5.381954, "volume": 575973, "typical_volume": 534998.65, "trend": 5.284406, "fair_value": 4.855485, "relative_strength": -0.755103, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -6.149761, "energy": 17.944744, "activity_lines": [ 5.282591, 5.326174, 5.341831, 5.319815 ] }, { "date": "2026-04-17", "close": 5.405568, "volume": 423818, "typical_volume": 530547.25, "trend": 5.292141, "fair_value": 4.861683, "relative_strength": -4.282856, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.856827, "energy": 13.249132, "activity_lines": [ 5.325731, 5.33425, 5.34925, 5.327632 ] }, { "date": "2026-04-24", "close": 5.326895, "volume": 385344, "typical_volume": 489068.45, "trend": 5.298218, "fair_value": 4.86699, "relative_strength": -5.844665, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.401282, "energy": 12.174254, "activity_lines": [ 5.33686, 5.327903, 5.348199, 5.329874 ] }, { "date": "2026-05-01", "close": 5.304243, "volume": 721154, "typical_volume": 492946.55, "trend": 5.304184, "fair_value": 4.872649, "relative_strength": -6.798642, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.067382, "energy": 15.963118, "activity_lines": [ 5.335518, 5.319642, 5.344805, 5.330263 ] }, { "date": "2026-05-08", "close": 5.471849, "volume": 961414, "typical_volume": 501258.7, "trend": 5.312519, "fair_value": 4.879493, "relative_strength": -5.750073, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.500142, "energy": 27.743884, "activity_lines": [ 5.383333, 5.344506, 5.357133, 5.34108 ] }, { "date": "2026-05-15", "close": 5.34368, "volume": 389377, "typical_volume": 494006.7, "trend": 5.316778, "fair_value": 4.885748, "relative_strength": -7.890278, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 31.632681, "energy": 18.517774, "activity_lines": [ 5.371859, 5.346871, 5.356213, 5.34309 ] }, { "date": "2026-05-22", "close": 5.278699, "volume": 584635, "typical_volume": 495465.0, "trend": 5.317579, "fair_value": 4.892196, "relative_strength": -9.505627, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.145527, "energy": 7.615318, "activity_lines": [ 5.341276, 5.338763, 5.348626, 5.340634 ] }, { "date": "2026-05-29", "close": 5.367832, "volume": 967787, "typical_volume": 515269.25, "trend": 5.321673, "fair_value": 4.89855, "relative_strength": -9.021335, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.496505, "energy": 14.158526, "activity_lines": [ 5.348862, 5.347588, 5.349405, 5.343876 ] }, { "date": "2026-06-05", "close": 5.318314, "volume": 524041, "typical_volume": 513982.35, "trend": 5.325733, "fair_value": 4.904421, "relative_strength": -7.349084, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.545286, "energy": 10.665119, "activity_lines": [ 5.337214, 5.345325, 5.345294, 5.343659 ] }, { "date": "2026-06-12", "close": 5.447062, "volume": 1861183, "typical_volume": 585603.45, "trend": 5.33263, "fair_value": 4.911406, "relative_strength": -5.425789, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.700389, "energy": 20.030768, "activity_lines": [ 5.367543, 5.364383, 5.353739, 5.351487 ] }, { "date": "2026-06-19", "close": 5.456641, "volume": 784918, "typical_volume": 597214.9, "trend": 5.342473, "fair_value": 4.918118, "relative_strength": -5.884224, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 53.351996, "energy": 37.650079, "activity_lines": [ 5.402717, 5.381116, 5.362423, 5.359487 ] }, { "date": "2026-06-26", "close": 5.496146, "volume": 1186650, "typical_volume": 630992.6, "trend": 5.352334, "fair_value": 4.924973, "relative_strength": -2.765469, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 58.078575, "energy": 50.253966, "activity_lines": [ 5.443529, 5.403674, 5.374759, 5.369402 ] }, { "date": "2026-07-03", "close": 5.579288, "volume": 1219994, "typical_volume": 680512.7, "trend": 5.362045, "fair_value": 4.932416, "relative_strength": -3.268201, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.925832, "energy": 66.349316, "activity_lines": [ 5.497559, 5.439701, 5.394551, 5.384044 ] }, { "date": "2026-07-10", "close": 5.499726, "volume": 992524, "typical_volume": 721661.7, "trend": 5.370241, "fair_value": 4.938848, "relative_strength": -5.805996, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.208426, "energy": 62.669109, "activity_lines": [ 5.510971, 5.456674, 5.406142, 5.392926 ] }, { "date": "2026-07-17", "close": 5.549453, "volume": 1236175, "typical_volume": 759245.25, "trend": 5.380123, "fair_value": 4.945672, "relative_strength": -3.387781, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.442139, "energy": 65.203715, "activity_lines": [ 5.528864, 5.479134, 5.422232, 5.404489 ] }, { "date": "2026-07-24", "close": 5.38, "volume": 1025650, "typical_volume": 786511.85, "trend": 5.384683, "fair_value": 4.950572, "relative_strength": -5.689846, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.972284, "energy": 34.897335, "activity_lines": [ 5.483447, 5.469373, 5.422024, 5.404481 ] }, { "date": "2026-07-31", "close": 5.37, "volume": 1879047, "typical_volume": 860348.35, "trend": 5.388583, "fair_value": 4.955799, "relative_strength": -6.705894, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.255213, "energy": 13.224855, "activity_lines": [ 5.439807, 5.457134, 5.421043, 5.403533 ] }, { "date": "2026-08-07", "close": 5.44, "volume": 1392513, "typical_volume": 914192.75, "trend": 5.392209, "fair_value": 4.962312, "relative_strength": -8.517843, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.039671, "energy": 16.27848, "activity_lines": [ 5.427909, 5.455962, 5.426484, 5.406851 ] } ], "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." } } }