{ "ticker": { "uuid": "b5dfb671-f4ae-448f-9ba5-bfdcc8ed4068", "symbol": "BETZ", "name": "LISTED FUND TRUST ROUNDHILL SPORTS BETTING AND IGAMING ETF", "exchange": "NYSEARCA", "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": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 72.451, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "up", "architecture_direction": 31.507, "architecture_energy": 13.933, "architecture_maturity": 38.9, "architecture_confidence": 69.235, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 62.02, "rotation_up": 28.67, "upward_expansion": 57.53, "deceleration": 85.63, "rotation_down": 21.63, "downward_expansion": 12.2 }, "activity_lines": [ 19.091667, 19.14684, 19.057509, 18.877993 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 19.0601, "trend_reference": 18.705547, "distance_from_trend": 0.018954, "trend_direction": "Weakening", "fair_value": 18.432268, "distance_from_fair_value": 0.034062, "fair_value_direction": "Improving", "relative_strength": -15.194141, "relative_strength_direction": "Improving", "price_momentum": 0.049565, "excess_performance": -0.07606, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.018954, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.020539, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.034062, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.006821, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.151941, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.04539, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.049565, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.291217, "read": "Supply-led" } ], "volume": { "latest": 51117, "relative_activity": 0.358101, "balance": 0.291217, "dry_up": 0.38964, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.045378, "annualized_volatility": 0.215995, "from_high_reference": -0.21813, "from_low_reference": 0.117894 }, "levels": { "trend_reference": 18.705547, "fair_value_reference": 18.432268, "structural_low": 17.05, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 12, "median_return": 0.029079, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.011467, "regime_survival": 0.583333, "best_return": 0.113314, "worst_return": -0.041999, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.088373, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.055236, "regime_survival": 0.2, "best_return": 0.237851, "worst_return": -0.012963, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.116513, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.046432, "regime_survival": 0.0, "best_return": 0.286893, "worst_return": -0.018509, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.057888, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.1028, "regime_survival": 0.0, "best_return": 0.196768, "worst_return": -0.048816, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-05", "end": "2024-09-13", "tenure": "Developing", "return": 0.067207, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-20", "end": "2024-11-01", "tenure": "Developing", "return": -0.02832, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-08", "end": "2024-11-15", "tenure": "New", "return": 0.007228, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-22", "end": "2025-01-03", "tenure": "Developing", "return": -0.043156, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-02-07", "tenure": "Developing", "return": 0.087505, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-03-21", "tenure": "Developing", "return": -0.094877, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-04-04", "tenure": "New", "return": -0.081578, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-11", "end": "2025-04-18", "tenure": "New", "return": 0.027649, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-25", "end": "2025-05-16", "tenure": "New", "return": 0.061148, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-10-03", "tenure": "Established", "return": 0.118146, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-10", "end": "2025-10-31", "tenure": "New", "return": -0.042401, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-07", "end": "2025-11-28", "tenure": "New", "return": 0.031343, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-05", "end": "2026-04-24", "tenure": "Established", "return": -0.052344, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": -0.015999, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 16.082309, "volume": 82668, "typical_volume": 153809.85, "trend": 16.032476, "fair_value": 20.563349, "relative_strength": -1.677994, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.081604, "energy": 18.166173, "activity_lines": [ 16.74386, 16.879839, 16.662968, 16.372653 ] }, { "date": "2023-08-25", "close": 16.145201, "volume": 70880, "typical_volume": 153333.95, "trend": 16.050187, "fair_value": 20.544475, "relative_strength": -2.069322, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.04866, "energy": 20.058305, "activity_lines": [ 16.458946, 16.756796, 16.637336, 16.379926 ] }, { "date": "2023-09-01", "close": 16.619404, "volume": 54704, "typical_volume": 151864.15, "trend": 16.073585, "fair_value": 20.533946, "relative_strength": -1.74465, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.139527, "energy": 23.371888, "activity_lines": [ 16.427902, 16.726523, 16.652485, 16.416649 ] }, { "date": "2023-09-08", "close": 16.415456, "volume": 53858, "typical_volume": 149388.05, "trend": 16.115431, "fair_value": 20.522049, "relative_strength": -1.726033, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.140335, "energy": 21.482753, "activity_lines": [ 16.389395, 16.648649, 16.642247, 16.438706 ] }, { "date": "2023-09-15", "close": 16.259033, "volume": 53790, "typical_volume": 146337.2, "trend": 16.126817, "fair_value": 20.500047, "relative_strength": -2.507529, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.726521, "energy": 13.085022, "activity_lines": [ 16.345861, 16.545717, 16.615101, 16.44797 ] }, { "date": "2023-09-22", "close": 15.357961, "volume": 56588, "typical_volume": 143250.55, "trend": 16.137574, "fair_value": 20.470883, "relative_strength": -5.232625, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.291203, "energy": 35.460134, "activity_lines": [ 16.030421, 16.283627, 16.501461, 16.398367 ] }, { "date": "2023-09-29", "close": 15.049478, "volume": 142940, "typical_volume": 142708.3, "trend": 16.114966, "fair_value": 20.436124, "relative_strength": -6.507296, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.069168, "energy": 58.584914, "activity_lines": [ 15.660443, 16.005409, 16.363184, 16.328167 ] }, { "date": "2023-10-06", "close": 14.779128, "volume": 100135, "typical_volume": 139797.3, "trend": 16.113069, "fair_value": 20.396739, "relative_strength": -8.537165, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.923872, "energy": 71.915288, "activity_lines": [ 15.273397, 15.724087, 16.204155, 16.241984 ] }, { "date": "2023-10-13", "close": 14.240325, "volume": 160879, "typical_volume": 142217.7, "trend": 16.103646, "fair_value": 20.355769, "relative_strength": -12.155345, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -59.729723, "energy": 82.68674, "activity_lines": [ 14.829435, 15.394765, 16.001424, 16.121162 ] }, { "date": "2023-10-20", "close": 13.859938, "volume": 103033, "typical_volume": 142725.55, "trend": 16.080595, "fair_value": 20.316399, "relative_strength": -12.29956, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -86.735494, "energy": 94.154083, "activity_lines": [ 14.403686, 15.048679, 15.770474, 15.976406 ] }, { "date": "2023-10-27", "close": 13.574411, "volume": 92507, "typical_volume": 143498.45, "trend": 16.019569, "fair_value": 20.28611, "relative_strength": -11.768142, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.636425, "energy": 93.546709, "activity_lines": [ 14.042701, 14.702059, 15.523846, 15.814717 ] }, { "date": "2023-11-03", "close": 15.101651, "volume": 125130, "typical_volume": 143374.35, "trend": 16.015459, "fair_value": 20.253072, "relative_strength": -7.179254, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.585052, "energy": 78.6152, "activity_lines": [ 14.309699, 14.678716, 15.435814, 15.755496 ] }, { "date": "2023-11-10", "close": 14.959361, "volume": 567446, "typical_volume": 115077.75, "trend": 16.001862, "fair_value": 20.217615, "relative_strength": -9.11231, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.02656, "energy": 54.374176, "activity_lines": [ 14.52579, 14.648477, 15.340916, 15.687361 ] }, { "date": "2023-11-17", "close": 15.471603, "volume": 102126, "typical_volume": 115747.85, "trend": 15.984471, "fair_value": 20.180831, "relative_strength": -7.971494, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.543912, "energy": 33.294207, "activity_lines": [ 14.900611, 14.741555, 15.299953, 15.653151 ] }, { "date": "2023-11-24", "close": 15.709037, "volume": 54558, "typical_volume": 115304.5, "trend": 15.970884, "fair_value": 20.138967, "relative_strength": -7.361192, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.320496, "energy": 29.331288, "activity_lines": [ 15.272493, 14.894964, 15.286983, 15.635381 ] }, { "date": "2023-12-01", "close": 15.567886, "volume": 86604, "typical_volume": 112894.2, "trend": 15.944687, "fair_value": 20.090232, "relative_strength": -8.7665, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.852235, "energy": 27.914586, "activity_lines": [ 15.474051, 15.032708, 15.264413, 15.609381 ] }, { "date": "2023-12-08", "close": 15.357772, "volume": 852314, "typical_volume": 151462.1, "trend": 15.919992, "fair_value": 20.040631, "relative_strength": -10.00438, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.555776, "energy": 25.120875, "activity_lines": [ 15.472672, 15.128434, 15.231298, 15.571515 ] }, { "date": "2023-12-15", "close": 15.964873, "volume": 119515, "typical_volume": 152772.45, "trend": 15.906228, "fair_value": 19.986122, "relative_strength": -8.491282, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.386209, "energy": 16.431094, "activity_lines": [ 15.656586, 15.328936, 15.266594, 15.574411 ] }, { "date": "2023-12-22", "close": 16.401227, "volume": 132179, "typical_volume": 153978.85, "trend": 15.922196, "fair_value": 19.932601, "relative_strength": -6.804764, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 12.735482, "energy": 23.885812, "activity_lines": [ 15.918917, 15.587216, 15.350888, 15.606346 ] }, { "date": "2023-12-29", "close": 16.448657, "volume": 152079, "typical_volume": 158196.65, "trend": 15.927887, "fair_value": 19.881851, "relative_strength": -6.792577, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.443502, "energy": 39.872789, "activity_lines": [ 16.135083, 15.814831, 15.443133, 15.640312 ] }, { "date": "2024-01-05", "close": 15.727724, "volume": 62670, "typical_volume": 157196.75, "trend": 15.907651, "fair_value": 19.81288, "relative_strength": -9.298129, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.593887, "energy": 35.663705, "activity_lines": [ 16.06163, 15.864299, 15.467846, 15.627398 ] }, { "date": "2024-01-12", "close": 15.481089, "volume": 68873, "typical_volume": 157096.4, "trend": 15.873501, "fair_value": 19.738823, "relative_strength": -12.119531, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.046244, "energy": 23.720127, "activity_lines": [ 15.895309, 15.829774, 15.470758, 15.599878 ] }, { "date": "2024-01-19", "close": 16.249452, "volume": 84833, "typical_volume": 158602.85, "trend": 15.880458, "fair_value": 19.664915, "relative_strength": -8.640354, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.094952, "energy": 20.190051, "activity_lines": [ 15.976889, 15.928052, 15.550011, 15.624133 ] }, { "date": "2024-01-26", "close": 16.752208, "volume": 121944, "typical_volume": 162007.15, "trend": 15.885479, "fair_value": 19.60499, "relative_strength": -6.546547, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.631969, "energy": 25.151141, "activity_lines": [ 16.207081, 16.094284, 15.678907, 15.680375 ] }, { "date": "2024-02-02", "close": 17.046273, "volume": 78795, "typical_volume": 163257.4, "trend": 15.903154, "fair_value": 19.527849, "relative_strength": -6.009562, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 50.942677, "energy": 56.790669, "activity_lines": [ 16.511897, 16.290699, 15.834205, 15.755265 ] }, { "date": "2024-02-09", "close": 17.549029, "volume": 120625, "typical_volume": 166459.25, "trend": 15.90293, "fair_value": 19.448551, "relative_strength": -4.42424, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 56.353853, "energy": 74.954413, "activity_lines": [ 16.944457, 16.55421, 16.033636, 15.86145 ] }, { "date": "2024-02-16", "close": 17.008329, "volume": 145811, "typical_volume": 166602.8, "trend": 15.8838, "fair_value": 19.367299, "relative_strength": -6.779983, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.879175, "energy": 80.268772, "activity_lines": [ 17.075363, 16.683392, 16.171138, 15.932766 ] }, { "date": "2024-02-23", "close": 16.733236, "volume": 104102, "typical_volume": 166801.15, "trend": 15.857334, "fair_value": 19.290508, "relative_strength": -9.528867, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.633456, "energy": 75.46891, "activity_lines": [ 17.012756, 16.732546, 16.273113, 15.987568 ] }, { "date": "2024-03-01", "close": 17.047506, "volume": 86073, "typical_volume": 163060.85, "trend": 15.854845, "fair_value": 19.218936, "relative_strength": -8.425297, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.44049, "energy": 65.57055, "activity_lines": [ 17.022653, 16.82487, 16.395713, 16.064354 ] }, { "date": "2024-03-08", "close": 16.694249, "volume": 92832, "typical_volume": 162550.8, "trend": 15.855127, "fair_value": 19.130412, "relative_strength": -9.818666, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.553787, "energy": 41.046699, "activity_lines": [ 16.895111, 16.841216, 16.471302, 16.118509 ] }, { "date": "2024-03-15", "close": 16.706201, "volume": 67315, "typical_volume": 161291.2, "trend": 15.875923, "fair_value": 19.042749, "relative_strength": -9.461479, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.399225, "energy": 31.409248, "activity_lines": [ 16.795021, 16.855269, 16.534533, 16.173417 ] }, { "date": "2024-03-22", "close": 16.934054, "volume": 77126, "typical_volume": 158891.0, "trend": 15.902218, "fair_value": 18.961262, "relative_strength": -10.000139, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.113682, "energy": 32.51605, "activity_lines": [ 16.827071, 16.892959, 16.604551, 16.241683 ] }, { "date": "2024-03-29", "close": 16.934054, "volume": 72675, "typical_volume": 134152.45, "trend": 15.912707, "fair_value": 18.879654, "relative_strength": -10.042063, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.716386, "energy": 30.097208, "activity_lines": [ 16.864073, 16.904232, 16.665843, 16.308253 ] }, { "date": "2024-04-05", "close": 16.952172, "volume": 72150, "typical_volume": 132653.65, "trend": 15.930597, "fair_value": 18.792179, "relative_strength": -8.893944, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.134518, "energy": 32.095968, "activity_lines": [ 16.893726, 16.906351, 16.719457, 16.375316 ] }, { "date": "2024-04-12", "close": 16.211508, "volume": 74693, "typical_volume": 133660.4, "trend": 15.929013, "fair_value": 18.701164, "relative_strength": -11.293413, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.776243, "energy": 18.062734, "activity_lines": [ 16.682847, 16.770169, 16.695481, 16.393439 ] }, { "date": "2024-04-19", "close": 15.713495, "volume": 97583, "typical_volume": 134209.35, "trend": 15.940864, "fair_value": 18.609254, "relative_strength": -10.928605, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.682331, "energy": 15.597839, "activity_lines": [ 16.338146, 16.558617, 16.621683, 16.379535 ] }, { "date": "2024-04-26", "close": 15.936415, "volume": 78847, "typical_volume": 95536.0, "trend": 15.970429, "fair_value": 18.519135, "relative_strength": -11.613639, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.420695, "energy": 22.794505, "activity_lines": [ 16.133932, 16.420968, 16.568422, 16.379247 ] }, { "date": "2024-05-03", "close": 16.287396, "volume": 59237, "typical_volume": 92522.1, "trend": 16.020704, "fair_value": 18.433019, "relative_strength": -9.793802, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.1409, "energy": 23.628205, "activity_lines": [ 16.113221, 16.366624, 16.545833, 16.399697 ] }, { "date": "2024-05-10", "close": 16.497036, "volume": 50570, "typical_volume": 88441.65, "trend": 16.095928, "fair_value": 18.359007, "relative_strength": -9.915116, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.110998, "energy": 18.969108, "activity_lines": [ 16.2055, 16.358503, 16.541673, 16.430428 ] }, { "date": "2024-05-17", "close": 16.562489, "volume": 58652, "typical_volume": 83770.3, "trend": 16.186013, "fair_value": 18.282814, "relative_strength": -10.617301, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.47958, "energy": 9.244512, "activity_lines": [ 16.34994, 16.37229, 16.543291, 16.460529 ] }, { "date": "2024-05-24", "close": 16.259792, "volume": 92655, "typical_volume": 85269.55, "trend": 16.275526, "fair_value": 18.196098, "relative_strength": -11.873972, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.945156, "energy": 11.645985, "activity_lines": [ 16.370082, 16.333437, 16.515538, 16.465289 ] }, { "date": "2024-05-31", "close": 15.887373, "volume": 175819, "typical_volume": 90616.85, "trend": 16.301717, "fair_value": 18.105786, "relative_strength": -13.148604, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.541582, "energy": 12.142759, "activity_lines": [ 16.229665, 16.234989, 16.449783, 16.440247 ] }, { "date": "2024-06-07", "close": 15.945901, "volume": 111724, "typical_volume": 91961.4, "trend": 16.334601, "fair_value": 18.01325, "relative_strength": -13.495807, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.781132, "energy": 20.598701, "activity_lines": [ 16.112026, 16.166212, 16.387667, 16.417291 ] }, { "date": "2024-06-14", "close": 15.669385, "volume": 105233, "typical_volume": 91125.85, "trend": 16.341194, "fair_value": 17.930305, "relative_strength": -15.943397, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.031351, "energy": 46.579959, "activity_lines": [ 15.924981, 16.065126, 16.300663, 16.374374 ] }, { "date": "2024-06-21", "close": 16.249452, "volume": 112117, "typical_volume": 92791.95, "trend": 16.359208, "fair_value": 17.846183, "relative_strength": -13.014309, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.143434, "energy": 38.122099, "activity_lines": [ 15.986469, 16.09283, 16.274059, 16.368455 ] }, { "date": "2024-06-28", "close": 16.174323, "volume": 76223, "typical_volume": 90571.85, "trend": 16.379422, "fair_value": 17.764722, "relative_strength": -12.967465, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "down", "direction": -51.200098, "energy": 35.913173, "activity_lines": [ 16.043784, 16.106185, 16.244094, 16.356527 ] }, { "date": "2024-07-05", "close": 16.372769, "volume": 54879, "typical_volume": 86025.25, "trend": 16.413256, "fair_value": 17.689066, "relative_strength": -13.130615, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -34.124861, "energy": 17.222923, "activity_lines": [ 16.172944, 16.147241, 16.239575, 16.356097 ] }, { "date": "2024-07-12", "close": 17.027301, "volume": 99940, "typical_volume": 85817.15, "trend": 16.44867, "fair_value": 17.632597, "relative_strength": -10.051706, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.527329, "energy": 18.849076, "activity_lines": [ 16.487923, 16.29937, 16.300419, 16.395713 ] }, { "date": "2024-07-19", "close": 16.524545, "volume": 64653, "typical_volume": 84746.15, "trend": 16.45278, "fair_value": 17.570184, "relative_strength": -10.483363, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.618056, "energy": 18.135765, "activity_lines": [ 16.563222, 16.346636, 16.311981, 16.400608 ] }, { "date": "2024-07-26", "close": 16.685806, "volume": 77991, "typical_volume": 84004.1, "trend": 16.460685, "fair_value": 17.511526, "relative_strength": -8.422206, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.609763, "energy": 22.791752, "activity_lines": [ 16.635265, 16.422722, 16.341391, 16.415642 ] }, { "date": "2024-08-02", "close": 15.888985, "volume": 61125, "typical_volume": 83694.6, "trend": 16.466061, "fair_value": 17.442138, "relative_strength": -10.441607, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.577606, "energy": 16.888616, "activity_lines": [ 16.41261, 16.35169, 16.294954, 16.378758 ] }, { "date": "2024-08-09", "close": 15.775154, "volume": 83198, "typical_volume": 83998.2, "trend": 16.475863, "fair_value": 17.362652, "relative_strength": -10.666289, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.850691, "energy": 22.955563, "activity_lines": [ 16.171035, 16.266703, 16.241568, 16.334184 ] }, { "date": "2024-08-16", "close": 16.794895, "volume": 71129, "typical_volume": 83920.9, "trend": 16.494044, "fair_value": 17.297741, "relative_strength": -8.173173, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -13.023129, "energy": 8.796802, "activity_lines": [ 16.309214, 16.369163, 16.290818, 16.354767 ] }, { "date": "2024-08-23", "close": 17.273936, "volume": 80377, "typical_volume": 84332.25, "trend": 16.511435, "fair_value": 17.2194, "relative_strength": -6.514646, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 26.381988, "energy": 13.885623, "activity_lines": [ 16.622567, 16.543286, 16.386354, 16.405082 ] }, { "date": "2024-08-30", "close": 17.017815, "volume": 45806, "typical_volume": 82887.9, "trend": 16.510487, "fair_value": 17.136818, "relative_strength": -7.767545, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 30.933677, "energy": 38.289802, "activity_lines": [ 16.800586, 16.641667, 16.455965, 16.437752 ] }, { "date": "2024-09-06", "close": 16.638376, "volume": 55107, "typical_volume": 80764.1, "trend": 16.480132, "fair_value": 17.055188, "relative_strength": -5.567702, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 24.045507, "energy": 39.844894, "activity_lines": [ 16.829993, 16.65709, 16.4856, 16.446003 ] }, { "date": "2024-09-13", "close": 17.473141, "volume": 50840, "typical_volume": 79363.75, "trend": 16.495625, "fair_value": 16.976009, "relative_strength": -4.313609, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 69.344887, "energy": 65.876953, "activity_lines": [ 17.087695, 16.81585, 16.590331, 16.510068 ] }, { "date": "2024-09-20", "close": 17.93359, "volume": 57492, "typical_volume": 79276.5, "trend": 16.535637, "fair_value": 16.899237, "relative_strength": -2.904098, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.688285, "energy": 73.106313, "activity_lines": [ 17.385681, 17.038322, 16.731598, 16.60284 ] }, { "date": "2024-09-27", "close": 18.175102, "volume": 122024, "typical_volume": 82849.2, "trend": 16.573224, "fair_value": 16.827579, "relative_strength": -1.925923, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.436925, "energy": 78.541572, "activity_lines": [ 17.688257, 17.288227, 16.888026, 16.708612 ] }, { "date": "2024-10-04", "close": 17.937953, "volume": 46272, "typical_volume": 82230.2, "trend": 16.61468, "fair_value": 16.762319, "relative_strength": -3.256039, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.919388, "energy": 76.983372, "activity_lines": [ 17.851707, 17.465004, 17.013878, 16.796659 ] }, { "date": "2024-10-11", "close": 17.767206, "volume": 125827, "typical_volume": 83888.8, "trend": 16.650047, "fair_value": 16.692761, "relative_strength": -5.110551, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.425759, "energy": 73.439331, "activity_lines": [ 17.896898, 17.587969, 17.116919, 16.871015 ] }, { "date": "2024-10-18", "close": 17.786178, "volume": 67453, "typical_volume": 78470.5, "trend": 16.678451, "fair_value": 16.621149, "relative_strength": -5.658891, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.450733, "energy": 63.95207, "activity_lines": [ 17.873158, 17.680235, 17.214588, 16.944314 ] }, { "date": "2024-10-25", "close": 17.492113, "volume": 46892, "typical_volume": 75228.9, "trend": 16.697053, "fair_value": 16.552125, "relative_strength": -6.145082, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.239479, "energy": 42.181652, "activity_lines": [ 17.730527, 17.68247, 17.275209, 16.996808 ] }, { "date": "2024-11-01", "close": 17.425711, "volume": 33940, "typical_volume": 71664.25, "trend": 16.712838, "fair_value": 16.484307, "relative_strength": -4.924707, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.205039, "energy": 30.622767, "activity_lines": [ 17.595194, 17.659956, 17.322143, 17.043818 ] }, { "date": "2024-11-08", "close": 18.374307, "volume": 104695, "typical_volume": 71293.15, "trend": 16.784931, "fair_value": 16.429219, "relative_strength": -4.086851, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.933779, "energy": 44.427011, "activity_lines": [ 17.826019, 17.807154, 17.451057, 17.15101 ] }, { "date": "2024-11-15", "close": 18.507111, "volume": 89200, "typical_volume": 71942.0, "trend": 16.878052, "fair_value": 16.383504, "relative_strength": -1.152518, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.133918, "energy": 52.403445, "activity_lines": [ 18.072021, 17.953834, 17.5825, 17.262118 ] }, { "date": "2024-11-22", "close": 19.047811, "volume": 60702, "typical_volume": 72233.15, "trend": 16.981765, "fair_value": 16.355279, "relative_strength": 0.248036, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.495993, "energy": 83.811764, "activity_lines": [ 18.44893, 18.164847, 17.754329, 17.402103 ] }, { "date": "2024-11-29", "close": 19.455707, "volume": 46377, "typical_volume": 69555.0, "trend": 17.087375, "fair_value": 16.340066, "relative_strength": 1.325487, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.667238, "energy": 93.668244, "activity_lines": [ 18.877696, 18.421392, 17.952268, 17.561712 ] }, { "date": "2024-12-06", "close": 19.580068, "volume": 60172, "typical_volume": 69330.95, "trend": 17.190143, "fair_value": 16.319363, "relative_strength": 1.189019, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.241154, "energy": 92.640007, "activity_lines": [ 19.217009, 18.672874, 18.150487, 17.722531 ] }, { "date": "2024-12-13", "close": 19.106244, "volume": 83475, "typical_volume": 69605.15, "trend": 17.274935, "fair_value": 16.300881, "relative_strength": -0.508125, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.910204, "energy": 87.506277, "activity_lines": [ 19.254756, 18.812661, 18.289029, 17.84615 ] }, { "date": "2024-12-20", "close": 18.345849, "volume": 97873, "typical_volume": 71442.55, "trend": 17.34447, "fair_value": 16.268701, "relative_strength": -2.443259, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.718507, "energy": 64.964504, "activity_lines": [ 18.990243, 18.792952, 18.343627, 17.915241 ] }, { "date": "2024-12-27", "close": 18.175102, "volume": 105735, "typical_volume": 72569.4, "trend": 17.420728, "fair_value": 16.235123, "relative_strength": -3.716069, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.753552, "energy": 41.485716, "activity_lines": [ 18.679565, 18.731678, 18.370264, 17.968831 ] }, { "date": "2025-01-03", "close": 18.225792, "volume": 90980, "typical_volume": 73561.95, "trend": 17.496724, "fair_value": 16.207855, "relative_strength": -2.756646, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.897359, "energy": 27.711539, "activity_lines": [ 18.443965, 18.672549, 18.3903, 18.02077 ] }, { "date": "2025-01-10", "close": 17.793157, "volume": 73515, "typical_volume": 73218.85, "trend": 17.567517, "fair_value": 16.182951, "relative_strength": -3.0588, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.336431, "energy": 26.281571, "activity_lines": [ 18.146147, 18.521419, 18.36232, 18.039895 ] }, { "date": "2025-01-17", "close": 18.317734, "volume": 47745, "typical_volume": 73315.8, "trend": 17.636459, "fair_value": 16.171806, "relative_strength": -2.850411, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.183406, "energy": 24.549244, "activity_lines": [ 18.142315, 18.458986, 18.381826, 18.088296 ] }, { "date": "2025-01-24", "close": 18.93789, "volume": 43172, "typical_volume": 72719.05, "trend": 17.728578, "fair_value": 16.167054, "relative_strength": -1.057054, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.975625, "energy": 23.205529, "activity_lines": [ 18.39777, 18.510338, 18.454205, 18.172259 ] }, { "date": "2025-01-31", "close": 19.145597, "volume": 99281, "typical_volume": 75141.1, "trend": 17.821006, "fair_value": 16.158859, "relative_strength": 1.242736, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.723659, "energy": 34.242435, "activity_lines": [ 18.68299, 18.591622, 18.535415, 18.26368 ] }, { "date": "2025-02-07", "close": 19.350147, "volume": 107341, "typical_volume": 77633.55, "trend": 17.898434, "fair_value": 16.146474, "relative_strength": 2.707776, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 69.422478, "energy": 55.901297, "activity_lines": [ 18.971695, 18.708318, 18.628142, 18.362334 ] }, { "date": "2025-02-14", "close": 20.821317, "volume": 138684, "typical_volume": 78466.55, "trend": 18.04166, "fair_value": 16.152829, "relative_strength": 8.920312, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.771993, "energy": 87.008734, "activity_lines": [ 19.675832, 19.09442, 18.854235, 18.550907 ] }, { "date": "2025-02-21", "close": 19.683473, "volume": 63815, "typical_volume": 79343.7, "trend": 18.141582, "fair_value": 16.14929, "relative_strength": 4.679255, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.580355, "energy": 76.962588, "activity_lines": [ 19.798811, 19.251073, 18.959362, 18.656831 ] }, { "date": "2025-02-28", "close": 19.472704, "volume": 75359, "typical_volume": 76820.3, "trend": 18.261039, "fair_value": 16.156792, "relative_strength": 4.619667, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.655203, "energy": 72.55626, "activity_lines": [ 19.760484, 19.358909, 19.036102, 18.74271 ] }, { "date": "2025-03-07", "close": 18.943343, "volume": 131662, "typical_volume": 80030.75, "trend": 18.366646, "fair_value": 16.164829, "relative_strength": 5.012126, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.142453, "energy": 43.979802, "activity_lines": [ 19.510049, 19.350009, 19.054306, 18.786729 ] }, { "date": "2025-03-14", "close": 18.551656, "volume": 68841, "typical_volume": 81128.2, "trend": 18.425204, "fair_value": 16.15778, "relative_strength": 5.244261, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.330365, "energy": 14.845082, "activity_lines": [ 19.142535, 19.255926, 19.029697, 18.798665 ] }, { "date": "2025-03-21", "close": 18.845852, "volume": 55010, "typical_volume": 82181.7, "trend": 18.477602, "fair_value": 16.157818, "relative_strength": 6.33823, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.1237, "energy": 19.872583, "activity_lines": [ 18.92632, 19.209407, 19.02806, 18.825804 ] }, { "date": "2025-03-28", "close": 18.24043, "volume": 80441, "typical_volume": 80969.0, "trend": 18.518355, "fair_value": 16.153491, "relative_strength": 4.460552, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.913816, "energy": 18.203854, "activity_lines": [ 18.639994, 19.033673, 18.962002, 18.810502 ] }, { "date": "2025-04-04", "close": 16.752421, "volume": 87756, "typical_volume": 80896.8, "trend": 18.522157, "fair_value": 16.14827, "relative_strength": 5.502088, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -42.327536, "energy": 39.029317, "activity_lines": [ 17.953869, 18.588796, 18.754866, 18.696571 ] }, { "date": "2025-04-11", "close": 18.29439, "volume": 108352, "typical_volume": 83279.3, "trend": 18.549532, "fair_value": 16.152752, "relative_strength": 8.887109, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.093865, "energy": 32.011638, "activity_lines": [ 17.963086, 18.464014, 18.702939, 18.681877 ] }, { "date": "2025-04-18", "close": 18.800216, "volume": 21304, "typical_volume": 82025.65, "trend": 18.578419, "fair_value": 16.167246, "relative_strength": 13.250812, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -12.516173, "energy": 21.385418, "activity_lines": [ 18.184174, 18.446676, 18.702775, 18.69805 ] }, { "date": "2025-04-25", "close": 19.16808, "volume": 45754, "typical_volume": 81304.75, "trend": 18.611519, "fair_value": 16.186032, "relative_strength": 10.180421, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.329551, "energy": 12.161883, "activity_lines": [ 18.511314, 18.506222, 18.740766, 18.736092 ] }, { "date": "2025-05-02", "close": 19.660703, "volume": 45608, "typical_volume": 79411.4, "trend": 18.668944, "fair_value": 16.209729, "relative_strength": 9.635597, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.203676, "energy": 26.897623, "activity_lines": [ 18.981179, 18.685394, 18.827636, 18.803782 ] }, { "date": "2025-05-09", "close": 19.752166, "volume": 167711, "typical_volume": 82903.3, "trend": 18.735109, "fair_value": 16.238304, "relative_strength": 10.421685, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.287537, "energy": 35.148416, "activity_lines": [ 19.386847, 18.881609, 18.920577, 18.873667 ] }, { "date": "2025-05-16", "close": 20.340175, "volume": 100080, "typical_volume": 82620.55, "trend": 18.820242, "fair_value": 16.269439, "relative_strength": 7.827789, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 70.449146, "energy": 60.362552, "activity_lines": [ 19.788535, 19.179655, 19.062821, 18.97722 ] }, { "date": "2025-05-23", "close": 20.197048, "volume": 45248, "typical_volume": 80333.95, "trend": 18.910407, "fair_value": 16.295788, "relative_strength": 9.608322, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.381974, "energy": 68.218382, "activity_lines": [ 20.006128, 19.42628, 19.181124, 19.066046 ] }, { "date": "2025-05-30", "close": 20.342567, "volume": 85383, "typical_volume": 80927.35, "trend": 19.007635, "fair_value": 16.325247, "relative_strength": 8.210479, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.619934, "energy": 68.925397, "activity_lines": [ 20.179106, 19.669447, 19.3039, 19.158443 ] }, { "date": "2025-06-06", "close": 20.388012, "volume": 48470, "typical_volume": 80963.6, "trend": 19.074759, "fair_value": 16.361524, "relative_strength": 6.444167, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.994843, "energy": 68.272673, "activity_lines": [ 20.288933, 19.893664, 19.418863, 19.2475 ] }, { "date": "2025-06-13", "close": 20.784674, "volume": 59134, "typical_volume": 81761.7, "trend": 19.150677, "fair_value": 16.407537, "relative_strength": 8.539759, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.204427, "energy": 66.407914, "activity_lines": [ 20.482493, 20.150954, 19.561746, 19.357817 ] }, { "date": "2025-06-20", "close": 21.277775, "volume": 87602, "typical_volume": 81177.75, "trend": 19.22501, "fair_value": 16.450304, "relative_strength": 10.922811, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.637314, "energy": 70.123856, "activity_lines": [ 20.771586, 20.424585, 19.742796, 19.495049 ] }, { "date": "2025-06-27", "close": 22.578934, "volume": 122900, "typical_volume": 81955.7, "trend": 19.329117, "fair_value": 16.506308, "relative_strength": 13.309327, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.194894, "energy": 83.648984, "activity_lines": [ 21.431892, 20.880548, 20.037613, 19.711431 ] }, { "date": "2025-07-04", "close": 22.818118, "volume": 47506, "typical_volume": 77396.8, "trend": 19.437052, "fair_value": 16.564993, "relative_strength": 12.160266, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.251015, "energy": 93.346999, "activity_lines": [ 22.013134, 21.311294, 20.339834, 19.936528 ] }, { "date": "2025-07-11", "close": 23.086003, "volume": 68885, "typical_volume": 77650.3, "trend": 19.569711, "fair_value": 16.62733, "relative_strength": 13.372155, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.539556, "energy": 94.269722, "activity_lines": [ 22.518634, 21.724382, 20.658059, 20.171944 ] }, { "date": "2025-07-18", "close": 23.114705, "volume": 63748, "typical_volume": 77069.75, "trend": 19.728673, "fair_value": 16.683202, "relative_strength": 12.376076, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.602238, "energy": 91.627961, "activity_lines": [ 22.853836, 22.080411, 20.962815, 20.400654 ] }, { "date": "2025-07-25", "close": 23.210379, "volume": 98766, "typical_volume": 75424.95, "trend": 19.896515, "fair_value": 16.73733, "relative_strength": 10.803796, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.338644, "energy": 90.328919, "activity_lines": [ 23.065593, 22.392698, 21.259341, 20.62528 ] }, { "date": "2025-08-01", "close": 23.028599, "volume": 98864, "typical_volume": 76926.1, "trend": 20.056609, "fair_value": 16.785759, "relative_strength": 12.205782, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.989504, "energy": 86.108889, "activity_lines": [ 23.087917, 22.619748, 21.518234, 20.82735 ] }, { "date": "2025-08-08", "close": 22.751146, "volume": 48551, "typical_volume": 76603.15, "trend": 20.221875, "fair_value": 16.825035, "relative_strength": 7.803705, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.607881, "energy": 64.738558, "activity_lines": [ 22.987778, 22.74487, 21.729385, 21.001191 ] }, { "date": "2025-08-15", "close": 23.27735, "volume": 43919, "typical_volume": 74777.05, "trend": 20.387196, "fair_value": 16.876087, "relative_strength": 8.876225, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.545451, "energy": 65.473916, "activity_lines": [ 23.067506, 22.921873, 21.972054, 21.198318 ] }, { "date": "2025-08-22", "close": 23.846129, "volume": 67299, "typical_volume": 73754.2, "trend": 20.550804, "fair_value": 16.935015, "relative_strength": 10.838638, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.043293, "energy": 68.240288, "activity_lines": [ 23.324071, 23.149757, 22.244907, 21.421475 ] }, { "date": "2025-08-29", "close": 24.119277, "volume": 86393, "typical_volume": 72656.25, "trend": 20.716593, "fair_value": 17.000712, "relative_strength": 11.713603, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.506118, "energy": 68.816606, "activity_lines": [ 23.622923, 23.371641, 22.509994, 21.651699 ] }, { "date": "2025-09-05", "close": 23.904011, "volume": 41359, "typical_volume": 73659.0, "trend": 20.868388, "fair_value": 17.060011, "relative_strength": 9.978068, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.855377, "energy": 65.684456, "activity_lines": [ 23.789426, 23.502722, 22.726843, 21.857339 ] }, { "date": "2025-09-12", "close": 23.425644, "volume": 74164, "typical_volume": 75079.5, "trend": 20.955199, "fair_value": 17.119448, "relative_strength": 5.857925, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.783132, "energy": 63.181709, "activity_lines": [ 23.738114, 23.522735, 22.873829, 22.022323 ] }, { "date": "2025-09-19", "close": 23.31562, "volume": 66754, "typical_volume": 76136.8, "trend": 21.076271, "fair_value": 17.19051, "relative_strength": 3.886372, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.890617, "energy": 56.654017, "activity_lines": [ 23.605159, 23.511698, 22.990062, 22.174609 ] }, { "date": "2025-09-26", "close": 23.473481, "volume": 73391, "typical_volume": 71420.8, "trend": 21.20963, "fair_value": 17.262101, "relative_strength": 4.691634, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.536187, "energy": 47.733302, "activity_lines": [ 23.522274, 23.525188, 23.103925, 22.329267 ] }, { "date": "2025-10-03", "close": 22.583239, "volume": 225528, "typical_volume": 77693.2, "trend": 21.33096, "fair_value": 17.323693, "relative_strength": -0.507468, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.706771, "energy": 27.985354, "activity_lines": [ 23.167485, 23.370293, 23.115283, 22.417887 ] }, { "date": "2025-10-10", "close": 21.277775, "volume": 147317, "typical_volume": 82796.65, "trend": 21.421831, "fair_value": 17.379758, "relative_strength": -4.019469, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.004663, "energy": 22.688149, "activity_lines": [ 22.479944, 22.989443, 22.99163, 22.414456 ] }, { "date": "2025-10-17", "close": 21.581921, "volume": 50700, "typical_volume": 81062.5, "trend": 21.513033, "fair_value": 17.434629, "relative_strength": -4.40509, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.501835, "energy": 31.866975, "activity_lines": [ 22.068867, 22.695725, 22.891796, 22.424784 ] }, { "date": "2025-10-24", "close": 21.464817, "volume": 63507, "typical_volume": 81814.35, "trend": 21.620513, "fair_value": 17.483491, "relative_strength": -6.788205, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.913387, "energy": 38.588395, "activity_lines": [ 21.74167, 22.401975, 22.774908, 22.421674 ] }, { "date": "2025-10-31", "close": 20.375575, "volume": 147639, "typical_volume": 86239.6, "trend": 21.741284, "fair_value": 17.527426, "relative_strength": -12.09197, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -49.051864, "energy": 69.580074, "activity_lines": [ 21.17478, 21.943135, 22.549156, 22.341355 ] }, { "date": "2025-11-07", "close": 19.673331, "volume": 90116, "typical_volume": 86365.3, "trend": 21.787249, "fair_value": 17.558638, "relative_strength": -13.632429, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.751964, "energy": 79.6886, "activity_lines": [ 20.580335, 21.419716, 22.25847, 22.207939 ] }, { "date": "2025-11-14", "close": 19.436061, "volume": 47239, "typical_volume": 82582.25, "trend": 21.808444, "fair_value": 17.589478, "relative_strength": -14.64839, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.804497, "energy": 84.019562, "activity_lines": [ 20.100794, 20.933993, 21.952828, 22.056249 ] }, { "date": "2025-11-21", "close": 19.383537, "volume": 54234, "typical_volume": 82918.65, "trend": 21.815626, "fair_value": 17.619574, "relative_strength": -13.066813, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.004658, "energy": 82.115514, "activity_lines": [ 19.726526, 20.519955, 21.65715, 21.899804 ] }, { "date": "2025-11-28", "close": 20.289947, "volume": 67648, "typical_volume": 82856.8, "trend": 21.836601, "fair_value": 17.652382, "relative_strength": -12.095985, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.491768, "energy": 83.661121, "activity_lines": [ 19.800954, 20.344211, 21.464152, 21.801373 ] }, { "date": "2025-12-05", "close": 20.412887, "volume": 47397, "typical_volume": 82039.25, "trend": 21.858625, "fair_value": 17.689302, "relative_strength": -11.717534, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.670354, "energy": 60.600948, "activity_lines": [ 19.994686, 20.245833, 21.296176, 21.70952 ] }, { "date": "2025-12-12", "close": 21.019457, "volume": 59544, "typical_volume": 80078.15, "trend": 21.881267, "fair_value": 17.73423, "relative_strength": -8.508957, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.540733, "energy": 42.62171, "activity_lines": [ 20.388121, 20.313387, 21.198835, 21.65538 ] }, { "date": "2025-12-19", "close": 20.97162, "volume": 124015, "typical_volume": 81335.7, "trend": 21.907086, "fair_value": 17.782803, "relative_strength": -8.796998, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.004184, "energy": 25.643156, "activity_lines": [ 20.675868, 20.400676, 21.107372, 21.596693 ] }, { "date": "2025-12-26", "close": 21.162967, "volume": 95604, "typical_volume": 83688.35, "trend": 21.934433, "fair_value": 17.831448, "relative_strength": -9.248042, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.033597, "energy": 26.726129, "activity_lines": [ 20.925027, 20.528322, 21.043926, 21.548686 ] }, { "date": "2026-01-02", "close": 20.92, "volume": 128817, "typical_volume": 87933.25, "trend": 21.952166, "fair_value": 17.874218, "relative_strength": -9.325106, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.546505, "energy": 26.216336, "activity_lines": [ 20.974569, 20.619409, 20.964904, 21.483238 ] }, { "date": "2026-01-09", "close": 20.52, "volume": 90189, "typical_volume": 89077.75, "trend": 21.943344, "fair_value": 17.910714, "relative_strength": -12.383474, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.310429, "energy": 22.727182, "activity_lines": [ 20.848773, 20.647675, 20.859012, 21.390841 ] }, { "date": "2026-01-16", "close": 19.5526, "volume": 82134, "typical_volume": 88864.8, "trend": 21.885838, "fair_value": 17.940462, "relative_strength": -16.092022, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.955044, "energy": 41.420185, "activity_lines": [ 20.39337, 20.497424, 20.676826, 21.236599 ] }, { "date": "2026-01-23", "close": 19.12, "volume": 86192, "typical_volume": 91106.45, "trend": 21.77054, "fair_value": 17.962937, "relative_strength": -17.481478, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.00914, "energy": 65.218719, "activity_lines": [ 19.891558, 20.270713, 20.475186, 21.058158 ] }, { "date": "2026-01-30", "close": 18.58, "volume": 80795, "typical_volume": 91438.0, "trend": 21.629269, "fair_value": 17.980005, "relative_strength": -19.885073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.339802, "energy": 84.827991, "activity_lines": [ 19.333187, 19.951567, 20.244898, 20.852317 ] }, { "date": "2026-02-06", "close": 18.16, "volume": 137474, "typical_volume": 94974.0, "trend": 21.465069, "fair_value": 17.999235, "relative_strength": -21.258777, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.73806, "energy": 91.835028, "activity_lines": [ 18.807013, 19.570668, 19.997684, 20.628493 ] }, { "date": "2026-02-13", "close": 17.24, "volume": 91586, "typical_volume": 95883.75, "trend": 21.269246, "fair_value": 18.007713, "relative_strength": -23.869236, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.000053, "energy": 95.456348, "activity_lines": [ 18.158173, 19.061222, 19.687402, 20.355908 ] }, { "date": "2026-02-20", "close": 17.9033, "volume": 78336, "typical_volume": 88524.15, "trend": 21.092343, "fair_value": 18.026098, "relative_strength": -21.492451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.280372, "energy": 88.09472, "activity_lines": [ 17.9491, 18.730065, 19.469975, 20.13875 ] }, { "date": "2026-02-27", "close": 18.3315, "volume": 107844, "typical_volume": 86550.5, "trend": 20.935773, "fair_value": 18.042789, "relative_strength": -18.908345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.084391, "energy": 79.653201, "activity_lines": [ 17.992713, 18.533419, 19.315614, 19.960631 ] }, { "date": "2026-03-06", "close": 18.3041, "volume": 51312, "typical_volume": 86581.1, "trend": 20.787538, "fair_value": 18.06502, "relative_strength": -17.097669, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.442225, "energy": 59.587318, "activity_lines": [ 18.07976, 18.379795, 19.172673, 19.790846 ] }, { "date": "2026-03-13", "close": 18.105, "volume": 62204, "typical_volume": 86515.95, "trend": 20.615127, "fair_value": 18.087981, "relative_strength": -16.456022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.262041, "energy": 52.150972, "activity_lines": [ 18.118833, 18.241949, 19.026379, 19.617779 ] }, { "date": "2026-03-20", "close": 17.7654, "volume": 45506, "typical_volume": 81409.3, "trend": 20.412436, "fair_value": 18.108583, "relative_strength": -16.205542, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.880193, "energy": 52.524681, "activity_lines": [ 18.048373, 18.09354, 18.863742, 19.433925 ] }, { "date": "2026-03-27", "close": 17.35, "volume": 59509, "typical_volume": 79878.95, "trend": 20.186793, "fair_value": 18.12105, "relative_strength": -16.007469, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.036568, "energy": 54.883029, "activity_lines": [ 17.80442, 17.919687, 18.673972, 19.236349 ] }, { "date": "2026-04-03", "close": 18.26, "volume": 41768, "typical_volume": 79605.4, "trend": 19.998659, "fair_value": 18.140505, "relative_strength": -14.244212, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.3045, "energy": 45.010104, "activity_lines": [ 17.900687, 17.951336, 18.581932, 19.11204 ] }, { "date": "2026-04-10", "close": 18.23, "volume": 35208, "typical_volume": 78654.1, "trend": 19.825471, "fair_value": 18.158856, "relative_strength": -16.977746, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.174642, "energy": 40.202481, "activity_lines": [ 17.99172, 17.993167, 18.492635, 18.997933 ] }, { "date": "2026-04-17", "close": 19.4867, "volume": 39837, "typical_volume": 77263.55, "trend": 19.69784, "fair_value": 18.18125, "relative_strength": -14.647568, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.709847, "energy": 16.001379, "activity_lines": [ 18.506593, 18.269853, 18.528517, 18.976076 ] }, { "date": "2026-04-24", "close": 19.3444, "volume": 60668, "typical_volume": 77927.1, "trend": 19.560204, "fair_value": 18.20194, "relative_strength": -15.310758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.95587, "energy": 17.980339, "activity_lines": [ 18.88192, 18.496544, 18.554672, 18.953274 ] }, { "date": "2026-05-01", "close": 19.37, "volume": 32906, "typical_volume": 76595.2, "trend": 19.453097, "fair_value": 18.221275, "relative_strength": -15.571676, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.482924, "energy": 18.060458, "activity_lines": [ 19.160513, 18.689627, 18.588353, 18.941003 ] }, { "date": "2026-05-08", "close": 18.735, "volume": 40514, "typical_volume": 72420.15, "trend": 19.368337, "fair_value": 18.238175, "relative_strength": -19.733188, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.630884, "energy": 18.904523, "activity_lines": [ 19.092773, 18.740589, 18.569412, 18.894674 ] }, { "date": "2026-05-15", "close": 18.2212, "volume": 47261, "typical_volume": 70003.0, "trend": 19.256313, "fair_value": 18.249992, "relative_strength": -21.623139, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.854491, "energy": 14.131046, "activity_lines": [ 18.8221, 18.690796, 18.512188, 18.820665 ] }, { "date": "2026-05-22", "close": 18.4347, "volume": 54611, "typical_volume": 66292.7, "trend": 19.155309, "fair_value": 18.266097, "relative_strength": -20.882347, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.990585, "energy": 15.305579, "activity_lines": [ 18.62318, 18.681329, 18.489306, 18.767658 ] }, { "date": "2026-05-29", "close": 18.65, "volume": 45163, "typical_volume": 64041.4, "trend": 19.09779, "fair_value": 18.281303, "relative_strength": -20.604127, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.251178, "energy": 20.666684, "activity_lines": [ 18.56616, 18.705013, 18.498764, 18.735057 ] }, { "date": "2026-06-05", "close": 18.8185, "volume": 73703, "typical_volume": 63619.85, "trend": 19.069296, "fair_value": 18.297224, "relative_strength": -17.374966, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.627145, "energy": 17.925314, "activity_lines": [ 18.6116, 18.743249, 18.533174, 18.717038 ] }, { "date": "2026-06-12", "close": 20.1391, "volume": 101824, "typical_volume": 64401.45, "trend": 19.092731, "fair_value": 18.320516, "relative_strength": -11.633629, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.508039, "energy": 29.113146, "activity_lines": [ 19.134007, 18.994895, 18.696851, 18.786058 ] }, { "date": "2026-06-19", "close": 19.47, "volume": 800357, "typical_volume": 100379.55, "trend": 19.095613, "fair_value": 18.342498, "relative_strength": -14.817617, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.962055, "energy": 34.777791, "activity_lines": [ 19.339773, 19.09072, 18.791951, 18.810398 ] }, { "date": "2026-06-26", "close": 18.78, "volume": 934126, "typical_volume": 140212.15, "trend": 19.045281, "fair_value": 18.356463, "relative_strength": -15.230635, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.518532, "energy": 31.380785, "activity_lines": [ 19.232287, 19.038545, 18.8171, 18.790036 ] }, { "date": "2026-07-03", "close": 19.05, "volume": 122280, "typical_volume": 141746.85, "trend": 18.999851, "fair_value": 18.372706, "relative_strength": -15.227989, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.616105, "energy": 31.250963, "activity_lines": [ 19.19178, 19.048311, 18.86501, 18.79034 ] }, { "date": "2026-07-10", "close": 19.49, "volume": 142684, "typical_volume": 144964.25, "trend": 18.94887, "fair_value": 18.385105, "relative_strength": -13.800372, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.185379, "energy": 21.083175, "activity_lines": [ 19.271273, 19.143429, 18.946205, 18.821963 ] }, { "date": "2026-07-17", "close": 19.1788, "volume": 63714, "typical_volume": 142757.75, "trend": 18.889109, "fair_value": 18.395339, "relative_strength": -13.208791, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.706844, "energy": 12.57865, "activity_lines": [ 19.202267, 19.179784, 18.990207, 18.836797 ] }, { "date": "2026-07-24", "close": 18.9171, "volume": 74035, "typical_volume": 143893.9, "trend": 18.814247, "fair_value": 18.404249, "relative_strength": -13.257662, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.175346, "energy": 17.876729, "activity_lines": [ 19.110047, 19.160487, 19.00525, 18.838603 ] }, { "date": "2026-07-31", "close": 19.1189, "volume": 33610, "typical_volume": 142464.2, "trend": 18.75421, "fair_value": 18.417049, "relative_strength": -12.607755, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 32.45136, "energy": 17.282243, "activity_lines": [ 19.121953, 19.165229, 19.036594, 18.858258 ] }, { "date": "2026-08-07", "close": 19.0601, "volume": 51117, "typical_volume": 142744.75, "trend": 18.705547, "fair_value": 18.432268, "relative_strength": -15.194141, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 31.50652, "energy": 13.933167, "activity_lines": [ 19.091667, 19.14684, 19.057509, 18.877993 ] } ], "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." } } }