{ "ticker": { "uuid": "b6f20080-deb4-44bf-acf9-15c33755d197", "symbol": "DAPP", "name": "VanEck Crypto& Blockchain Innovators ETF A USD Acc", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 78.259, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Momentum cooling", "architecture_gate": "mixed", "architecture_direction": -21.28, "architecture_energy": 30.192, "architecture_maturity": 36.252, "architecture_confidence": 59.231, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 44.46, "rotation_up": 14.65, "upward_expansion": 16.71, "deceleration": 59.72, "rotation_down": 62.81, "downward_expansion": 44.05 }, "activity_lines": [ 10.885067, 11.332655, 11.759686, 11.478206 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 10.792, "trend_reference": 11.172633, "distance_from_trend": -0.034068, "trend_direction": "Improving", "fair_value": 8.695888, "distance_from_fair_value": 0.241046, "fair_value_direction": "Weakening", "relative_strength": -19.670861, "relative_strength_direction": "Weakening", "price_momentum": 0.150165, "excess_performance": -0.020727, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.034068, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.017986, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.241046, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.337664, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.196709, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.22378, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.150165, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.239164, "read": "Demand-led" } ], "volume": { "latest": 160975, "relative_activity": 0.917146, "balance": 2.239164, "dry_up": 0.860409, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.113888, "annualized_volatility": 0.520932, "from_high_reference": -0.354082, "from_low_reference": 0.314334 }, "levels": { "trend_reference": 11.172633, "fair_value_reference": 8.695888, "structural_low": 8.598, "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": 8, "median_return": -0.066703, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": -0.066977, "regime_survival": 0.5, "best_return": 0.293784, "worst_return": -0.312331, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.023969, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.038184, "regime_survival": 0.0, "best_return": 0.195586, "worst_return": -0.452805, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.038685, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.103464, "regime_survival": 0.0, "best_return": 0.50941, "worst_return": -0.117934, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.469148, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.221232, "regime_survival": 0.0, "best_return": 0.803866, "worst_return": 0.134429, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-25", "end": "2025-01-03", "tenure": "Developing", "return": 0.288684, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-03-07", "tenure": "Developing", "return": -0.309671, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.204127, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-06-06", "tenure": "Developing", "return": 0.654295, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-08-01", "tenure": "Developing", "return": 0.124517, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2025-08-15", "tenure": "New", "return": 0.024258, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-22", "end": "2025-09-12", "tenure": "New", "return": 0.112488, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-19", "end": "2025-11-21", "tenure": "Developing", "return": -0.272699, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2026-02-13", "tenure": "Developing", "return": -0.192457, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-20", "end": "2026-04-17", "tenure": "Developing", "return": 0.22525, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": 0.096296, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-15", "end": "2026-05-29", "tenure": "New", "return": 0.078262, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-05", "end": "2026-07-03", "tenure": "Developing", "return": -0.027657, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": -0.064656, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 4.04, "volume": 157224, "typical_volume": 254461.3, "trend": 3.648817, "fair_value": 7.474616, "relative_strength": 10.084192, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.428877, "energy": 28.942765, "activity_lines": [ 4.634167, 4.830491, 4.43264, 4.078112 ] }, { "date": "2023-08-25", "close": 3.9055, "volume": 74422, "typical_volume": 254619.3, "trend": 3.683267, "fair_value": 7.444624, "relative_strength": 5.614203, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.530092, "energy": 27.230857, "activity_lines": [ 4.319567, 4.680173, 4.417452, 4.094672 ] }, { "date": "2023-09-01", "close": 4.061, "volume": 185846, "typical_volume": 246850.3, "trend": 3.708267, "fair_value": 7.416427, "relative_strength": 8.895907, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.11169, "energy": 27.265193, "activity_lines": [ 4.152033, 4.551073, 4.411912, 4.119042 ] }, { "date": "2023-09-08", "close": 3.9075, "volume": 101578, "typical_volume": 230922.95, "trend": 3.748267, "fair_value": 7.387427, "relative_strength": 7.359698, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.992645, "energy": 25.499423, "activity_lines": [ 4.017533, 4.397027, 4.389724, 4.131896 ] }, { "date": "2023-09-15", "close": 3.8595, "volume": 70793, "typical_volume": 222486.8, "trend": 3.775617, "fair_value": 7.35851, "relative_strength": 4.752539, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.08633, "energy": 23.395981, "activity_lines": [ 3.930767, 4.241618, 4.359881, 4.139072 ] }, { "date": "2023-09-22", "close": 3.637, "volume": 85954, "typical_volume": 221789.25, "trend": 3.804667, "fair_value": 7.328254, "relative_strength": 0.402189, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.144007, "energy": 26.925588, "activity_lines": [ 3.824867, 4.067964, 4.306107, 4.130129 ] }, { "date": "2023-09-29", "close": 3.62, "volume": 76901, "typical_volume": 212144.3, "trend": 3.8375, "fair_value": 7.298348, "relative_strength": 1.946529, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.387045, "energy": 42.338283, "activity_lines": [ 3.740167, 3.933109, 4.24916, 4.118215 ] }, { "date": "2023-10-06", "close": 3.471, "volume": 112570, "typical_volume": 206564.45, "trend": 3.87595, "fair_value": 7.26773, "relative_strength": 0.012585, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.025881, "energy": 51.676932, "activity_lines": [ 3.624833, 3.802327, 4.175631, 4.09457 ] }, { "date": "2023-10-13", "close": 3.324, "volume": 61168, "typical_volume": 193399.25, "trend": 3.894117, "fair_value": 7.23643, "relative_strength": -5.023937, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.521281, "energy": 60.236607, "activity_lines": [ 3.499833, 3.678509, 4.0886, 4.05896 ] }, { "date": "2023-10-20", "close": 3.3755, "volume": 147881, "typical_volume": 188838.2, "trend": 3.914067, "fair_value": 7.206029, "relative_strength": -0.103032, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.111821, "energy": 63.120822, "activity_lines": [ 3.4309, 3.592045, 4.008012, 4.025501 ] }, { "date": "2023-10-27", "close": 3.676, "volume": 242292, "typical_volume": 191678.05, "trend": 3.937883, "fair_value": 7.178451, "relative_strength": 9.369697, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.29394, "energy": 48.27857, "activity_lines": [ 3.4944, 3.584027, 3.957945, 4.010142 ] }, { "date": "2023-11-03", "close": 3.93, "volume": 177392, "typical_volume": 189963.45, "trend": 3.974833, "fair_value": 7.153269, "relative_strength": 11.231675, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.328975, "energy": 23.68747, "activity_lines": [ 3.639967, 3.628809, 3.931471, 4.009633 ] }, { "date": "2023-11-10", "close": 3.7695, "volume": 298505, "typical_volume": 181460.9, "trend": 3.979317, "fair_value": 7.12724, "relative_strength": 6.927001, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -14.131049, "energy": 13.873278, "activity_lines": [ 3.711367, 3.643964, 3.887748, 3.996386 ] }, { "date": "2023-11-17", "close": 3.7225, "volume": 154974, "typical_volume": 178803.65, "trend": 3.994733, "fair_value": 7.10125, "relative_strength": 1.595829, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -36.616704, "energy": 23.624749, "activity_lines": [ 3.7472, 3.655873, 3.841712, 3.979817 ] }, { "date": "2023-11-24", "close": 4.14, "volume": 167353, "typical_volume": 172594.1, "trend": 4.023267, "fair_value": 7.078816, "relative_strength": 12.419217, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -18.249646, "energy": 19.827598, "activity_lines": [ 3.895633, 3.747055, 3.838248, 3.989189 ] }, { "date": "2023-12-01", "close": 4.69, "volume": 376772, "typical_volume": 172511.45, "trend": 4.06925, "fair_value": 7.060855, "relative_strength": 24.056364, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 36.600629, "energy": 32.852978, "activity_lines": [ 4.176433, 3.933136, 3.891645, 4.032204 ] }, { "date": "2023-12-08", "close": 5.495, "volume": 829323, "typical_volume": 197920.8, "trend": 4.148483, "fair_value": 7.049169, "relative_strength": 41.097715, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 52.550939, "energy": 68.917559, "activity_lines": [ 4.657967, 4.246436, 4.027667, 4.124188 ] }, { "date": "2023-12-15", "close": 5.545, "volume": 480673, "typical_volume": 211238.25, "trend": 4.214133, "fair_value": 7.038027, "relative_strength": 40.386577, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 59.16319, "energy": 80.135504, "activity_lines": [ 5.051833, 4.534736, 4.167683, 4.214286 ] }, { "date": "2023-12-22", "close": 6.782, "volume": 549054, "typical_volume": 226836.7, "trend": 4.318633, "fair_value": 7.036145, "relative_strength": 68.150251, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 95.417441, "energy": 97.8283, "activity_lines": [ 5.739667, 5.010236, 4.424457, 4.379955 ] }, { "date": "2023-12-29", "close": 6.591, "volume": 558690, "typical_volume": 245468.25, "trend": 4.4125, "fair_value": 7.032896, "relative_strength": 60.090955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.322511, "energy": 93.908976, "activity_lines": [ 6.159867, 5.388136, 4.653905, 4.526559 ] }, { "date": "2024-01-05", "close": 5.946, "volume": 591386, "typical_volume": 267176.35, "trend": 4.49235, "fair_value": 7.02502, "relative_strength": 41.574685, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.530232, "energy": 84.759089, "activity_lines": [ 6.201667, 5.5903, 4.812848, 4.625495 ] }, { "date": "2024-01-12", "close": 5.393, "volume": 679926, "typical_volume": 297451.55, "trend": 4.554867, "fair_value": 7.013278, "relative_strength": 27.012192, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.289161, "energy": 57.355979, "activity_lines": [ 5.9754, 5.650645, 4.910048, 4.683601 ] }, { "date": "2024-01-19", "close": 4.445, "volume": 518399, "typical_volume": 314079.2, "trend": 4.562233, "fair_value": 6.994934, "relative_strength": 4.730684, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.035316, "energy": 30.100025, "activity_lines": [ 5.439933, 5.512027, 4.909879, 4.676513 ] }, { "date": "2024-01-26", "close": 4.9285, "volume": 428911, "typical_volume": 330445.85, "trend": 4.582767, "fair_value": 6.980278, "relative_strength": 14.914424, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.79987, "energy": 24.167162, "activity_lines": [ 5.138967, 5.449036, 4.953929, 4.700143 ] }, { "date": "2024-02-02", "close": 4.939, "volume": 317759, "typical_volume": 342794.15, "trend": 4.578033, "fair_value": 6.965903, "relative_strength": 13.302921, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.312052, "energy": 26.378898, "activity_lines": [ 4.965067, 5.366027, 4.994117, 4.723126 ] }, { "date": "2024-02-09", "close": 5.621, "volume": 405031, "typical_volume": 358748.0, "trend": 4.567367, "fair_value": 6.956498, "relative_strength": 25.753064, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.670524, "energy": 24.794278, "activity_lines": [ 5.128633, 5.392491, 5.094117, 4.790414 ] }, { "date": "2024-02-16", "close": 6.784, "volume": 952241, "typical_volume": 402515.0, "trend": 4.6157, "fair_value": 6.9553, "relative_strength": 46.96249, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.150998, "energy": 38.521175, "activity_lines": [ 5.701533, 5.613482, 5.295431, 4.933423 ] }, { "date": "2024-02-23", "close": 5.895, "volume": 270586, "typical_volume": 410415.8, "trend": 4.634733, "fair_value": 6.947988, "relative_strength": 22.658489, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.695253, "energy": 37.07578, "activity_lines": [ 5.885367, 5.6494, 5.397012, 5.015958 ] }, { "date": "2024-03-01", "close": 6.39, "volume": 840604, "typical_volume": 449387.6, "trend": 4.685617, "fair_value": 6.944166, "relative_strength": 30.323639, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.587448, "energy": 51.342155, "activity_lines": [ 6.137533, 5.768955, 5.534193, 5.129201 ] }, { "date": "2024-03-08", "close": 6.43, "volume": 490378, "typical_volume": 466512.45, "trend": 4.743783, "fair_value": 6.940668, "relative_strength": 27.522768, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.738317, "energy": 56.752629, "activity_lines": [ 6.3056, 5.902909, 5.660583, 5.241742 ] }, { "date": "2024-03-15", "close": 6.369, "volume": 534984, "typical_volume": 481147.05, "trend": 4.821417, "fair_value": 6.936805, "relative_strength": 23.084816, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.595261, "energy": 45.146197, "activity_lines": [ 6.353933, 6.0287, 5.766619, 5.346595 ] }, { "date": "2024-03-22", "close": 6.92, "volume": 535264, "typical_volume": 499040.65, "trend": 4.9219, "fair_value": 6.936693, "relative_strength": 30.60757, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.456554, "energy": 49.019319, "activity_lines": [ 6.536067, 6.246982, 5.912307, 5.481987 ] }, { "date": "2024-03-29", "close": 7.59, "volume": 248105, "typical_volume": 496520.65, "trend": 5.039533, "fair_value": 6.941048, "relative_strength": 39.678182, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.797379, "energy": 62.595774, "activity_lines": [ 6.932467, 6.559318, 6.107567, 5.654123 ] }, { "date": "2024-04-05", "close": 6.645, "volume": 266072, "typical_volume": 502075.55, "trend": 5.130783, "fair_value": 6.939087, "relative_strength": 23.551186, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.191663, "energy": 50.468864, "activity_lines": [ 6.900867, 6.642655, 6.194633, 5.757701 ] }, { "date": "2024-04-12", "close": 6.252, "volume": 169282, "typical_volume": 502172.0, "trend": 5.210533, "fair_value": 6.934567, "relative_strength": 16.320004, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.996443, "energy": 40.8266, "activity_lines": [ 6.721267, 6.623327, 6.230355, 5.830038 ] }, { "date": "2024-04-19", "close": 5.835, "volume": 235521, "typical_volume": 495109.45, "trend": 5.2838, "fair_value": 6.92738, "relative_strength": 7.348958, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.642383, "energy": 25.261276, "activity_lines": [ 6.414533, 6.504309, 6.216305, 5.870326 ] }, { "date": "2024-04-26", "close": 6.369, "volume": 145098, "typical_volume": 460898.2, "trend": 5.375433, "fair_value": 6.923755, "relative_strength": 15.157245, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.539078, "energy": 17.969418, "activity_lines": [ 6.3214, 6.478491, 6.24766, 5.940339 ] }, { "date": "2024-05-03", "close": 5.905, "volume": 113079, "typical_volume": 442518.5, "trend": 5.456567, "fair_value": 6.917182, "relative_strength": 8.0375, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 23.693408, "energy": 17.511677, "activity_lines": [ 6.110333, 6.375855, 6.230662, 5.974504 ] }, { "date": "2024-05-10", "close": 5.95, "volume": 125095, "typical_volume": 421320.55, "trend": 5.5441, "fair_value": 6.910982, "relative_strength": 4.915913, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.213998, "energy": 15.82583, "activity_lines": [ 6.0266, 6.281218, 6.216236, 6.006339 ] }, { "date": "2024-05-17", "close": 6.367, "volume": 196042, "typical_volume": 403188.15, "trend": 5.643817, "fair_value": 6.869642, "relative_strength": 9.274245, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.628966, "energy": 13.870611, "activity_lines": [ 6.1282, 6.2704, 6.245486, 6.059429 ] }, { "date": "2024-05-24", "close": 6.715, "volume": 256726, "typical_volume": 386455.15, "trend": 5.745117, "fair_value": 6.822944, "relative_strength": 17.482435, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.256683, "energy": 19.563047, "activity_lines": [ 6.338133, 6.324, 6.308945, 6.128538 ] }, { "date": "2024-05-31", "close": 6.473, "volume": 82389, "typical_volume": 356578.3, "trend": 5.829883, "fair_value": 6.775437, "relative_strength": 12.615291, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.169905, "energy": 20.102863, "activity_lines": [ 6.408733, 6.327309, 6.345695, 6.175498 ] }, { "date": "2024-06-07", "close": 7.512, "volume": 253495, "typical_volume": 343333.1, "trend": 5.954633, "fair_value": 6.735822, "relative_strength": 28.779689, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.84336, "energy": 56.264877, "activity_lines": [ 6.818733, 6.527655, 6.476255, 6.284022 ] }, { "date": "2024-06-14", "close": 7.84, "volume": 264304, "typical_volume": 335102.75, "trend": 6.091883, "fair_value": 6.693963, "relative_strength": 40.781158, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.546224, "energy": 70.611753, "activity_lines": [ 7.230933, 6.789055, 6.623448, 6.405658 ] }, { "date": "2024-06-21", "close": 7.86, "volume": 199324, "typical_volume": 329181.0, "trend": 6.215883, "fair_value": 6.657142, "relative_strength": 37.162347, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.232632, "energy": 76.272967, "activity_lines": [ 7.5238, 7.032364, 6.758681, 6.51973 ] }, { "date": "2024-06-28", "close": 7.734, "volume": 111483, "typical_volume": 314503.6, "trend": 6.31735, "fair_value": 6.614668, "relative_strength": 34.385021, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.359745, "energy": 75.938044, "activity_lines": [ 7.675133, 7.223527, 6.868005, 6.617673 ] }, { "date": "2024-07-05", "close": 7.755, "volume": 174622, "typical_volume": 275622.65, "trend": 6.392683, "fair_value": 6.576136, "relative_strength": 30.787711, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.968401, "energy": 72.510747, "activity_lines": [ 7.765533, 7.383982, 6.969267, 6.710425 ] }, { "date": "2024-07-12", "close": 7.8, "volume": 139926, "typical_volume": 269089.65, "trend": 6.46785, "fair_value": 6.548828, "relative_strength": 29.030756, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.208459, "energy": 62.40146, "activity_lines": [ 7.785467, 7.527418, 7.07019, 6.801219 ] }, { "date": "2024-07-19", "close": 8.478, "volume": 282976, "typical_volume": 241208.25, "trend": 6.524383, "fair_value": 6.52261, "relative_strength": 40.76816, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.010979, "energy": 55.077049, "activity_lines": [ 8.0122, 7.759673, 7.226614, 6.930906 ] }, { "date": "2024-07-26", "close": 8.04, "volume": 188571, "typical_volume": 226117.9, "trend": 6.572683, "fair_value": 6.486264, "relative_strength": 34.250101, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.769528, "energy": 45.763769, "activity_lines": [ 8.0504, 7.866327, 7.331381, 7.028688 ] }, { "date": "2024-08-02", "close": 6.893, "volume": 228018, "typical_volume": 210769.6, "trend": 6.60425, "fair_value": 6.432373, "relative_strength": 20.950182, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.033153, "energy": 27.372808, "activity_lines": [ 7.694267, 7.734018, 7.319243, 7.049354 ] }, { "date": "2024-08-09", "close": 6.611, "volume": 318285, "typical_volume": 199920.65, "trend": 6.64485, "fair_value": 6.373431, "relative_strength": 16.335119, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.299047, "energy": 11.901538, "activity_lines": [ 7.3002, 7.5472, 7.277752, 7.049789 ] }, { "date": "2024-08-16", "close": 6.566, "volume": 106972, "typical_volume": 192864.0, "trend": 6.71555, "fair_value": 6.317969, "relative_strength": 10.508256, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 11.774872, "energy": 17.308236, "activity_lines": [ 6.9674, 7.349691, 7.233448, 7.044702 ] }, { "date": "2024-08-23", "close": 7.045, "volume": 109374, "typical_volume": 185029.1, "trend": 6.7861, "fair_value": 6.262091, "relative_strength": 15.54793, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.516953, "energy": 22.177659, "activity_lines": [ 6.876533, 7.256473, 7.239638, 7.065957 ] }, { "date": "2024-08-30", "close": 6.566, "volume": 118407, "typical_volume": 182485.35, "trend": 6.840333, "fair_value": 6.195335, "relative_strength": 4.877957, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.630188, "energy": 22.658659, "activity_lines": [ 6.721533, 7.090618, 7.198305, 7.051757 ] }, { "date": "2024-09-06", "close": 5.93, "volume": 194518, "typical_volume": 180435.2, "trend": 6.850633, "fair_value": 6.134681, "relative_strength": -2.610777, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.662922, "energy": 35.997408, "activity_lines": [ 6.4528, 6.832655, 7.094905, 6.993026 ] }, { "date": "2024-09-13", "close": 6.766, "volume": 88539, "typical_volume": 177607.25, "trend": 6.850033, "fair_value": 6.082168, "relative_strength": 9.419807, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.601746, "energy": 27.742248, "activity_lines": [ 6.526933, 6.759491, 7.070671, 6.987566 ] }, { "date": "2024-09-20", "close": 6.69, "volume": 92375, "typical_volume": 176572.05, "trend": 6.876533, "fair_value": 6.035976, "relative_strength": 6.778966, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.0929, "energy": 23.629978, "activity_lines": [ 6.5654, 6.690491, 7.03731, 6.977241 ] }, { "date": "2024-09-27", "close": 7.63, "volume": 164840, "typical_volume": 178559.3, "trend": 6.917867, "fair_value": 5.998399, "relative_strength": 17.285574, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.042183, "energy": 9.985477, "activity_lines": [ 6.908933, 6.812582, 7.089733, 7.025852 ] }, { "date": "2024-10-04", "close": 7.226, "volume": 109926, "typical_volume": 174253.5, "trend": 6.9444, "fair_value": 5.950065, "relative_strength": 13.767094, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.344587, "energy": 12.50519, "activity_lines": [ 7.0788, 6.876636, 7.095681, 7.045731 ] }, { "date": "2024-10-11", "close": 7.275, "volume": 74761, "typical_volume": 165155.25, "trend": 6.9746, "fair_value": 5.8997, "relative_strength": 11.088966, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.039447, "energy": 16.332421, "activity_lines": [ 7.221, 6.9644, 7.102205, 7.06706 ] }, { "date": "2024-10-18", "close": 8.45, "volume": 286368, "typical_volume": 175354.2, "trend": 7.0256, "fair_value": 5.854662, "relative_strength": 24.286582, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 72.212486, "energy": 47.889203, "activity_lines": [ 7.6652, 7.258855, 7.217967, 7.162247 ] }, { "date": "2024-10-25", "close": 8.66, "volume": 208030, "typical_volume": 173080.95, "trend": 7.061267, "fair_value": 5.801674, "relative_strength": 27.491875, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.815054, "energy": 70.38059, "activity_lines": [ 8.067133, 7.558055, 7.344314, 7.267692 ] }, { "date": "2024-11-01", "close": 8.634, "volume": 333800, "typical_volume": 176555.75, "trend": 7.127567, "fair_value": 5.737495, "relative_strength": 26.086088, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.89701, "energy": 74.613677, "activity_lines": [ 8.329067, 7.814455, 7.462719, 7.369159 ] }, { "date": "2024-11-08", "close": 10.1, "volume": 481148, "typical_volume": 190646.95, "trend": 7.255833, "fair_value": 5.680238, "relative_strength": 48.829294, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.07262, "energy": 88.17977, "activity_lines": [ 9.012733, 8.308509, 7.716962, 7.560929 ] }, { "date": "2024-11-15", "close": 10.93, "volume": 810633, "typical_volume": 225604.45, "trend": 7.425667, "fair_value": 5.63479, "relative_strength": 56.393834, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.197647, "energy": 90.261984, "activity_lines": [ 9.781467, 8.889218, 8.039586, 7.797972 ] }, { "date": "2024-11-22", "close": 11.762, "volume": 551114, "typical_volume": 244429.05, "trend": 7.605433, "fair_value": 5.605828, "relative_strength": 68.46447, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.27874, "energy": 93.84373, "activity_lines": [ 10.583867, 9.530291, 8.426229, 8.077735 ] }, { "date": "2024-11-29", "close": 12.55, "volume": 307172, "typical_volume": 252791.35, "trend": 7.826933, "fair_value": 5.594072, "relative_strength": 76.614862, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.716906, "energy": 95.117271, "activity_lines": [ 11.428133, 10.2238, 8.868838, 8.39674 ] }, { "date": "2024-12-06", "close": 13.002, "volume": 515094, "typical_volume": 264397.25, "trend": 8.062, "fair_value": 5.592238, "relative_strength": 72.921665, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.11785, "energy": 93.235202, "activity_lines": [ 12.163733, 10.892945, 9.331876, 8.730615 ] }, { "date": "2024-12-13", "close": 12.08, "volume": 404134, "typical_volume": 275175.4, "trend": 8.252433, "fair_value": 5.590546, "relative_strength": 57.724798, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.81061, "energy": 85.101654, "activity_lines": [ 12.3008, 11.296782, 9.685562, 8.989841 ] }, { "date": "2024-12-20", "close": 11.03, "volume": 451918, "typical_volume": 286370.4, "trend": 8.396267, "fair_value": 5.581521, "relative_strength": 47.471457, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.66949, "energy": 60.007751, "activity_lines": [ 11.955867, 11.421455, 9.92001, 9.169039 ] }, { "date": "2024-12-27", "close": 10.516, "volume": 61062, "typical_volume": 273509.25, "trend": 8.531033, "fair_value": 5.570931, "relative_strength": 37.887932, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.839219, "energy": 48.632672, "activity_lines": [ 11.432933, 11.3844, 10.085805, 9.305796 ] }, { "date": "2025-01-03", "close": 11.16, "volume": 145721, "typical_volume": 275446.7, "trend": 8.652633, "fair_value": 5.576097, "relative_strength": 44.830945, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.498352, "energy": 33.323567, "activity_lines": [ 11.207733, 11.426873, 10.294338, 9.475406 ] }, { "date": "2025-01-10", "close": 10.34, "volume": 258701, "typical_volume": 282913.05, "trend": 8.735967, "fair_value": 5.576892, "relative_strength": 29.215233, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.547152, "energy": 23.546872, "activity_lines": [ 10.801867, 11.2748, 10.4029, 9.584269 ] }, { "date": "2025-01-17", "close": 11.814, "volume": 309212, "typical_volume": 292453.3, "trend": 8.867767, "fair_value": 5.595591, "relative_strength": 40.716361, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.959629, "energy": 25.92403, "activity_lines": [ 11.0648, 11.359709, 10.636152, 9.782852 ] }, { "date": "2025-01-24", "close": 11.722, "volume": 338736, "typical_volume": 299664.2, "trend": 9.0007, "fair_value": 5.620053, "relative_strength": 38.026326, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.817831, "energy": 29.278813, "activity_lines": [ 11.3148, 11.396727, 10.835652, 9.966996 ] }, { "date": "2025-01-31", "close": 10.8, "volume": 429344, "typical_volume": 316704.45, "trend": 9.1022, "fair_value": 5.635174, "relative_strength": 24.839931, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.823469, "energy": 24.124747, "activity_lines": [ 11.211333, 11.251709, 10.919762, 10.08308 ] }, { "date": "2025-02-07", "close": 10.38, "volume": 275619, "typical_volume": 325866.65, "trend": 9.1882, "fair_value": 5.639367, "relative_strength": 17.147152, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.646634, "energy": 22.318009, "activity_lines": [ 10.948933, 11.047818, 10.944662, 10.165518 ] }, { "date": "2025-02-14", "close": 10.12, "volume": 159324, "typical_volume": 325590.85, "trend": 9.242933, "fair_value": 5.648879, "relative_strength": 10.96991, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.14537, "energy": 11.836013, "activity_lines": [ 10.651867, 10.836109, 10.927229, 10.225634 ] }, { "date": "2025-02-21", "close": 9.86, "volume": 145576, "typical_volume": 327373.35, "trend": 9.3036, "fair_value": 5.655873, "relative_strength": 6.222685, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.161319, "energy": 13.462925, "activity_lines": [ 10.2828, 10.629527, 10.873176, 10.265445 ] }, { "date": "2025-02-28", "close": 7.919, "volume": 501244, "typical_volume": 348697.5, "trend": 9.3378, "fair_value": 5.652854, "relative_strength": -15.277425, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -18.255143, "energy": 33.39463, "activity_lines": [ 9.397, 10.1104, 10.621724, 10.176116 ] }, { "date": "2025-03-07", "close": 7.138, "volume": 355488, "typical_volume": 352153.5, "trend": 9.355367, "fair_value": 5.6447, "relative_strength": -23.464511, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -43.741169, "energy": 62.222236, "activity_lines": [ 8.5044, 9.505836, 10.292824, 10.034194 ] }, { "date": "2025-03-14", "close": 6.785, "volume": 315596, "typical_volume": 357531.8, "trend": 9.362667, "fair_value": 5.627732, "relative_strength": -27.29599, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.869577, "energy": 69.627095, "activity_lines": [ 7.738267, 8.898509, 9.936552, 9.868363 ] }, { "date": "2025-03-21", "close": 6.739, "volume": 138954, "typical_volume": 347789.5, "trend": 9.352467, "fair_value": 5.607181, "relative_strength": -28.328963, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.02495, "energy": 78.085402, "activity_lines": [ 7.196467, 8.362364, 9.584829, 9.699095 ] }, { "date": "2025-03-28", "close": 6.152, "volume": 228968, "typical_volume": 335180.5, "trend": 9.338667, "fair_value": 5.582841, "relative_strength": -33.75497, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.158569, "energy": 79.765952, "activity_lines": [ 6.6844, 7.784964, 9.186224, 9.492613 ] }, { "date": "2025-04-04", "close": 5.4, "volume": 375909, "typical_volume": 313444.3, "trend": 9.321, "fair_value": 5.560386, "relative_strength": -34.781953, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -82.169365, "energy": 91.668481, "activity_lines": [ 6.168867, 7.173782, 8.7348, 9.238505 ] }, { "date": "2025-04-11", "close": 5.658, "volume": 311039, "typical_volume": 301440.55, "trend": 9.284067, "fair_value": 5.543008, "relative_strength": -30.312954, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.376427, "energy": 87.690687, "activity_lines": [ 5.907267, 6.724455, 8.334281, 9.002183 ] }, { "date": "2025-04-18", "close": 5.477, "volume": 99090, "typical_volume": 291036.45, "trend": 9.243633, "fair_value": 5.529335, "relative_strength": -36.100076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.139069, "energy": 86.500827, "activity_lines": [ 5.684, 6.335709, 7.94559, 8.756566 ] }, { "date": "2025-04-25", "close": 6.62, "volume": 191705, "typical_volume": 274867.0, "trend": 9.209967, "fair_value": 5.525245, "relative_strength": -25.541433, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.441421, "energy": 70.316734, "activity_lines": [ 5.928933, 6.243927, 7.699438, 8.587299 ] }, { "date": "2025-05-02", "close": 6.941, "volume": 320693, "typical_volume": 270694.95, "trend": 9.200467, "fair_value": 5.527379, "relative_strength": -23.960908, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.858384, "energy": 53.45893, "activity_lines": [ 6.2888, 6.274145, 7.514248, 8.440914 ] }, { "date": "2025-05-09", "close": 7.264, "volume": 447188, "typical_volume": 270458.45, "trend": 9.2001, "fair_value": 5.540854, "relative_strength": -22.608726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.701364, "energy": 40.590299, "activity_lines": [ 6.703733, 6.416164, 7.38429, 8.315981 ] }, { "date": "2025-05-16", "close": 8.279, "volume": 447474, "typical_volume": 289779.05, "trend": 9.1944, "fair_value": 5.564155, "relative_strength": -14.748339, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.760785, "energy": 31.334877, "activity_lines": [ 7.332733, 6.754636, 7.368933, 8.256555 ] }, { "date": "2025-05-23", "close": 8.354, "volume": 1874959, "typical_volume": 376240.95, "trend": 9.1842, "fair_value": 5.587549, "relative_strength": -11.523064, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.87911, "energy": 27.543261, "activity_lines": [ 7.812, 7.086, 7.371371, 8.202335 ] }, { "date": "2025-05-30", "close": 8.011, "volume": 337962, "typical_volume": 380204.0, "trend": 9.163433, "fair_value": 5.610104, "relative_strength": -16.532759, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.994376, "energy": 27.228778, "activity_lines": [ 7.985133, 7.326473, 7.354505, 8.126645 ] }, { "date": "2025-06-06", "close": 9.36, "volume": 301657, "typical_volume": 379826.25, "trend": 9.138767, "fair_value": 5.643921, "relative_strength": -3.820989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 17.203732, "energy": 32.485741, "activity_lines": [ 8.5152, 7.789091, 7.477205, 8.139327 ] }, { "date": "2025-06-13", "close": 8.794, "volume": 232429, "typical_volume": 374510.9, "trend": 9.067567, "fair_value": 5.678463, "relative_strength": -6.844944, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 5.770839, "energy": 27.960695, "activity_lines": [ 8.695333, 8.090473, 7.557686, 8.117084 ] }, { "date": "2025-06-20", "close": 9.403, "volume": 249848, "typical_volume": 365536.1, "trend": 8.988933, "fair_value": 5.715732, "relative_strength": 0.10447, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "down", "direction": 16.119764, "energy": 42.120858, "activity_lines": [ 8.976467, 8.440873, 7.71011, 8.138725 ] }, { "date": "2025-06-27", "close": 9.6, "volume": 226305, "typical_volume": 363070.4, "trend": 8.8906, "fair_value": 5.757681, "relative_strength": 0.820558, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.973668, "energy": 58.501583, "activity_lines": [ 9.248333, 8.759, 7.887948, 8.178148 ] }, { "date": "2025-07-04", "close": 10.44, "volume": 375169, "typical_volume": 373862.65, "trend": 8.8052, "fair_value": 5.79995, "relative_strength": 9.663521, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.332998, "energy": 62.675837, "activity_lines": [ 9.717133, 9.154891, 8.1495, 8.27811 ] }, { "date": "2025-07-11", "close": 10.74, "volume": 221903, "typical_volume": 377679.0, "trend": 8.760533, "fair_value": 5.846613, "relative_strength": 11.153796, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.556676, "energy": 71.164543, "activity_lines": [ 10.124, 9.535873, 8.4381, 8.402935 ] }, { "date": "2025-07-18", "close": 11.426, "volume": 362678, "typical_volume": 370750.7, "trend": 8.773733, "fair_value": 5.891793, "relative_strength": 17.233661, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.189645, "energy": 76.828267, "activity_lines": [ 10.667533, 9.972509, 8.787843, 8.574901 ] }, { "date": "2025-07-25", "close": 10.876, "volume": 328083, "typical_volume": 369380.45, "trend": 8.785733, "fair_value": 5.933879, "relative_strength": 10.199608, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.446982, "energy": 71.699203, "activity_lines": [ 10.852267, 10.233473, 9.068505, 8.710531 ] }, { "date": "2025-08-01", "close": 9.889, "volume": 294533, "typical_volume": 368327.3, "trend": 8.743367, "fair_value": 5.966235, "relative_strength": 1.901967, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 64.367869, "energy": 58.791598, "activity_lines": [ 10.6098, 10.267764, 9.237367, 8.78171 ] }, { "date": "2025-08-08", "close": 9.935, "volume": 186389, "typical_volume": 370699.05, "trend": 8.729867, "fair_value": 5.994472, "relative_strength": -1.996456, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.313966, "energy": 46.744918, "activity_lines": [ 10.3634, 10.282509, 9.395829, 8.858589 ] }, { "date": "2025-08-15", "close": 10.176, "volume": 201316, "typical_volume": 369316.45, "trend": 8.675267, "fair_value": 6.030527, "relative_strength": -2.350345, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.931245, "energy": 33.819054, "activity_lines": [ 10.231, 10.306091, 9.562024, 8.951888 ] }, { "date": "2025-08-22", "close": 10.65, "volume": 342593, "typical_volume": 367650.65, "trend": 8.639533, "fair_value": 6.071347, "relative_strength": 0.361574, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.838601, "energy": 34.178037, "activity_lines": [ 10.2942, 10.401018, 9.7542, 9.07929 ] }, { "date": "2025-08-29", "close": 10.578, "volume": 219135, "typical_volume": 363055.45, "trend": 8.632133, "fair_value": 6.112456, "relative_strength": 1.83786, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.025163, "energy": 35.789284, "activity_lines": [ 10.385133, 10.449109, 9.914519, 9.204353 ] }, { "date": "2025-09-05", "close": 9.887, "volume": 296099, "typical_volume": 372905.9, "trend": 8.6157, "fair_value": 6.147014, "relative_strength": -3.916069, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.088853, "energy": 31.938676, "activity_lines": [ 10.2656, 10.3502, 9.9856, 9.285312 ] }, { "date": "2025-09-12", "close": 11.848, "volume": 400941, "typical_volume": 383367.7, "trend": 8.6733, "fair_value": 6.193681, "relative_strength": 11.881928, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 76.856521, "energy": 50.815534, "activity_lines": [ 10.799867, 10.602618, 10.222443, 9.493847 ] }, { "date": "2025-09-19", "close": 13.062, "volume": 526894, "typical_volume": 393677.75, "trend": 8.780033, "fair_value": 6.254992, "relative_strength": 23.034876, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.839572, "energy": 75.356444, "activity_lines": [ 11.611267, 11.050164, 10.55001, 9.776989 ] }, { "date": "2025-09-26", "close": 12.222, "volume": 498283, "typical_volume": 396232.5, "trend": 8.923467, "fair_value": 6.309222, "relative_strength": 13.638543, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.934715, "energy": 73.281458, "activity_lines": [ 11.950267, 11.302764, 10.768429, 9.999052 ] }, { "date": "2025-10-03", "close": 14.37, "volume": 496980, "typical_volume": 398707.8, "trend": 9.164533, "fair_value": 6.378101, "relative_strength": 30.554385, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.111553, "energy": 91.670771, "activity_lines": [ 12.900467, 11.931436, 11.16781, 10.350441 ] }, { "date": "2025-10-10", "close": 15.2, "volume": 651142, "typical_volume": 337516.95, "trend": 9.445033, "fair_value": 6.453838, "relative_strength": 40.482327, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.384428, "energy": 93.813996, "activity_lines": [ 13.874533, 12.647491, 11.617233, 10.739826 ] }, { "date": "2025-10-17", "close": 14.27, "volume": 1016903, "typical_volume": 371464.0, "trend": 9.696067, "fair_value": 6.525158, "relative_strength": 31.801187, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.566519, "energy": 80.731787, "activity_lines": [ 14.1844, 13.097891, 11.945486, 11.051114 ] }, { "date": "2025-10-24", "close": 14.014, "volume": 490429, "typical_volume": 380902.6, "trend": 9.958133, "fair_value": 6.592988, "relative_strength": 26.457765, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.38374, "energy": 69.924538, "activity_lines": [ 14.247467, 13.422927, 12.219552, 11.32969 ] }, { "date": "2025-10-31", "close": 14.7, "volume": 287722, "typical_volume": 383667.25, "trend": 10.268133, "fair_value": 6.667069, "relative_strength": 29.659685, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.057373, "energy": 60.65342, "activity_lines": [ 14.475733, 13.802909, 12.53679, 11.635617 ] }, { "date": "2025-11-07", "close": 12.592, "volume": 489510, "typical_volume": 395650.35, "trend": 10.499267, "fair_value": 6.730831, "relative_strength": 11.774529, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.75742, "energy": 43.206363, "activity_lines": [ 13.836133, 13.725982, 12.625143, 11.785544 ] }, { "date": "2025-11-14", "close": 11.0, "volume": 591548, "typical_volume": 413912.5, "trend": 10.683367, "fair_value": 6.785787, "relative_strength": -4.258918, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.599478, "energy": 17.016338, "activity_lines": [ 12.7844, 13.322982, 12.54669, 11.817849 ] }, { "date": "2025-11-21", "close": 9.5, "volume": 571836, "typical_volume": 423745.85, "trend": 10.779367, "fair_value": 6.831902, "relative_strength": -13.916542, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 2.557152, "energy": 16.125701, "activity_lines": [ 11.512667, 12.627018, 12.318714, 11.741503 ] }, { "date": "2025-11-28", "close": 11.852, "volume": 343359, "typical_volume": 429818.65, "trend": 10.943067, "fair_value": 6.892969, "relative_strength": 6.483589, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.333515, "energy": 24.385658, "activity_lines": [ 11.342933, 12.401382, 12.319214, 11.810705 ] }, { "date": "2025-12-05", "close": 11.524, "volume": 422016, "typical_volume": 432785.55, "trend": 11.085067, "fair_value": 6.953033, "relative_strength": 4.205064, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.806838, "energy": 20.598988, "activity_lines": [ 11.208, 12.138109, 12.283181, 11.848185 ] }, { "date": "2025-12-12", "close": 11.25, "volume": 190459, "typical_volume": 425904.35, "trend": 11.1841, "fair_value": 7.012814, "relative_strength": 2.215144, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.621432, "energy": 17.442214, "activity_lines": [ 11.193467, 11.837709, 12.220586, 11.858826 ] }, { "date": "2025-12-19", "close": 10.656, "volume": 390319, "typical_volume": 430693.65, "trend": 11.260833, "fair_value": 7.069531, "relative_strength": -5.23455, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.145511, "energy": 16.32907, "activity_lines": [ 11.0704, 11.486036, 12.099638, 11.824755 ] }, { "date": "2025-12-26", "close": 10.646, "volume": 95601, "typical_volume": 426154.25, "trend": 11.348667, "fair_value": 7.12661, "relative_strength": -4.497301, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.666744, "energy": 18.036977, "activity_lines": [ 10.966933, 11.215164, 11.974086, 11.785088 ] }, { "date": "2026-01-02", "close": 10.622, "volume": 135278, "typical_volume": 422852.35, "trend": 11.390733, "fair_value": 7.182692, "relative_strength": -5.648778, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.434357, "energy": 21.71688, "activity_lines": [ 10.779067, 11.005818, 11.842862, 11.738206 ] }, { "date": "2026-01-09", "close": 11.73, "volume": 242748, "typical_volume": 417860.1, "trend": 11.4886, "fair_value": 7.240481, "relative_strength": 3.713215, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.478424, "energy": 14.253284, "activity_lines": [ 11.042533, 11.0596, 11.815038, 11.760095 ] }, { "date": "2026-01-16", "close": 12.628, "volume": 387668, "typical_volume": 426286.75, "trend": 11.5961, "fair_value": 7.304051, "relative_strength": 11.890691, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.067174, "energy": 8.029469, "activity_lines": [ 11.5916, 11.330655, 11.867595, 11.833604 ] }, { "date": "2026-01-23", "close": 11.784, "volume": 345398, "typical_volume": 428751.7, "trend": 11.6689, "fair_value": 7.361179, "relative_strength": 7.176691, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.101285, "energy": 7.628392, "activity_lines": [ 11.767467, 11.4476, 11.83001, 11.845727 ] }, { "date": "2026-01-30", "close": 10.794, "volume": 254712, "typical_volume": 421440.25, "trend": 11.6807, "fair_value": 7.409147, "relative_strength": -2.876587, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.122233, "energy": 11.393064, "activity_lines": [ 11.538133, 11.370291, 11.689105, 11.789282 ] }, { "date": "2026-02-06", "close": 9.383, "volume": 674125, "typical_volume": 428801.8, "trend": 11.635467, "fair_value": 7.451939, "relative_strength": -15.714823, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -39.096648, "energy": 26.334757, "activity_lines": [ 10.8286, 11.012909, 11.418838, 11.641043 ] }, { "date": "2026-02-13", "close": 9.571, "volume": 388337, "typical_volume": 423304.5, "trend": 11.573633, "fair_value": 7.493811, "relative_strength": -12.79643, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -67.00425, "energy": 63.552711, "activity_lines": [ 10.264333, 10.7346, 11.183995, 11.507852 ] }, { "date": "2026-02-20", "close": 9.394, "volume": 193163, "typical_volume": 408113.65, "trend": 11.524233, "fair_value": 7.536301, "relative_strength": -15.963683, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.854566, "energy": 73.967631, "activity_lines": [ 9.785, 10.459618, 10.944919, 11.36723 ] }, { "date": "2026-02-27", "close": 9.483, "volume": 305328, "typical_volume": 390822.95, "trend": 11.5107, "fair_value": 7.580199, "relative_strength": -16.465159, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.985162, "energy": 76.808364, "activity_lines": [ 9.550933, 10.234564, 10.738014, 11.235538 ] }, { "date": "2026-03-06", "close": 10.062, "volume": 234783, "typical_volume": 351716.95, "trend": 11.514933, "fair_value": 7.629843, "relative_strength": -5.550206, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.315042, "energy": 69.267036, "activity_lines": [ 9.663267, 10.136109, 10.613476, 11.142073 ] }, { "date": "2026-03-13", "close": 10.174, "volume": 200156, "typical_volume": 337203.3, "trend": 11.514867, "fair_value": 7.677247, "relative_strength": -5.262539, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.642106, "energy": 46.160376, "activity_lines": [ 9.861733, 10.068636, 10.519643, 11.055561 ] }, { "date": "2026-03-20", "close": 9.963, "volume": 133072, "typical_volume": 329470.8, "trend": 11.491967, "fair_value": 7.723311, "relative_strength": -4.485225, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.551343, "energy": 34.887489, "activity_lines": [ 9.937133, 9.970945, 10.424, 10.955441 ] }, { "date": "2026-03-27", "close": 9.0, "volume": 182574, "typical_volume": 314124.0, "trend": 11.439367, "fair_value": 7.762019, "relative_strength": -15.113855, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.568738, "energy": 39.684813, "activity_lines": [ 9.6654, 9.730291, 10.2592, 10.794669 ] }, { "date": "2026-04-03", "close": 9.067, "volume": 148677, "typical_volume": 291980.45, "trend": 11.412033, "fair_value": 7.802054, "relative_strength": -18.965157, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.783698, "energy": 41.32916, "activity_lines": [ 9.442267, 9.567782, 10.117886, 10.641613 ] }, { "date": "2026-04-10", "close": 10.188, "volume": 205619, "typical_volume": 273669.6, "trend": 11.3567, "fair_value": 7.844061, "relative_strength": -13.066158, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.029236, "energy": 34.58605, "activity_lines": [ 9.620533, 9.658491, 10.092538, 10.562643 ] }, { "date": "2026-04-17", "close": 11.51, "volume": 346800, "typical_volume": 273841.65, "trend": 11.304967, "fair_value": 7.896946, "relative_strength": -4.936542, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.693714, "energy": 11.652931, "activity_lines": [ 10.231067, 10.000582, 10.189819, 10.572533 ] }, { "date": "2026-04-24", "close": 11.61, "volume": 375801, "typical_volume": 271530.9, "trend": 11.284567, "fair_value": 7.950317, "relative_strength": -2.173878, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.067636, "energy": 13.857592, "activity_lines": [ 10.785867, 10.322182, 10.298252, 10.592213 ] }, { "date": "2026-05-01", "close": 11.166, "volume": 95959, "typical_volume": 266805.9, "trend": 11.177767, "fair_value": 8.000673, "relative_strength": -7.425492, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.79478, "energy": 21.620322, "activity_lines": [ 11.082867, 10.525982, 10.36399, 10.584563 ] }, { "date": "2026-05-08", "close": 12.728, "volume": 444095, "typical_volume": 269494.7, "trend": 11.095367, "fair_value": 8.062276, "relative_strength": 2.707136, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.62754, "energy": 52.03778, "activity_lines": [ 11.756133, 10.981564, 10.57889, 10.684578 ] }, { "date": "2026-05-15", "close": 12.752, "volume": 266508, "typical_volume": 278040.05, "trend": 11.044767, "fair_value": 8.121099, "relative_strength": 2.824946, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.86657, "energy": 63.058027, "activity_lines": [ 12.193333, 11.382509, 10.78621, 10.791458 ] }, { "date": "2026-05-22", "close": 12.878, "volume": 260465, "typical_volume": 284299.4, "trend": 11.0069, "fair_value": 8.180272, "relative_strength": 2.633565, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.692479, "energy": 66.380095, "activity_lines": [ 12.5016, 11.757455, 10.9955, 10.909731 ] }, { "date": "2026-05-29", "close": 13.75, "volume": 265456, "typical_volume": 285434.8, "trend": 10.975233, "fair_value": 8.244215, "relative_strength": 7.817914, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 80.889866, "energy": 83.264208, "activity_lines": [ 13.009333, 12.241782, 11.277095, 11.086705 ] }, { "date": "2026-06-05", "close": 12.004, "volume": 78259, "typical_volume": 269964.35, "trend": 10.955633, "fair_value": 8.298404, "relative_strength": -5.672964, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.500717, "energy": 63.366112, "activity_lines": [ 12.7924, 12.3398, 11.382786, 11.153077 ] }, { "date": "2026-06-12", "close": 13.066, "volume": 59997, "typical_volume": 255694.3, "trend": 11.0245, "fair_value": 8.359612, "relative_strength": -0.755841, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.524902, "energy": 53.537137, "activity_lines": [ 12.8736, 12.576291, 11.59259, 11.28923 ] }, { "date": "2026-06-19", "close": 13.498, "volume": 20527, "typical_volume": 243985.05, "trend": 11.157767, "fair_value": 8.419061, "relative_strength": -0.215403, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.20284, "energy": 55.073456, "activity_lines": [ 13.076267, 12.818618, 11.837433, 11.448811 ] }, { "date": "2026-06-26", "close": 12.24, "volume": 24156, "typical_volume": 211486.6, "trend": 11.1707, "fair_value": 8.469878, "relative_strength": -6.699785, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.760353, "energy": 37.778231, "activity_lines": [ 12.809867, 12.772036, 11.94959, 11.518632 ] }, { "date": "2026-07-03", "close": 11.672, "volume": 8335, "typical_volume": 192486.5, "trend": 11.175633, "fair_value": 8.512128, "relative_strength": -13.370292, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.671465, "energy": 27.963761, "activity_lines": [ 12.396667, 12.608909, 11.994048, 11.550974 ] }, { "date": "2026-07-10", "close": 11.538, "volume": 123053, "typical_volume": 188981.0, "trend": 11.185233, "fair_value": 8.548006, "relative_strength": -13.714504, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.152198, "energy": 19.248541, "activity_lines": [ 12.077333, 12.420291, 12.015738, 11.574353 ] }, { "date": "2026-07-17", "close": 10.32, "volume": 174722, "typical_volume": 182450.7, "trend": 11.174033, "fair_value": 8.579968, "relative_strength": -21.230485, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.578638, "energy": 18.684323, "activity_lines": [ 11.383067, 12.003455, 11.911219, 11.518531 ] }, { "date": "2026-07-24", "close": 11.518, "volume": 148727, "typical_volume": 178147.9, "trend": 11.2031, "fair_value": 8.619673, "relative_strength": -11.649943, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.821255, "energy": 20.670616, "activity_lines": [ 11.2712, 11.848218, 11.91681, 11.540723 ] }, { "date": "2026-07-31", "close": 10.646, "volume": 119643, "typical_volume": 174122.25, "trend": 11.2039, "fair_value": 8.65674, "relative_strength": -18.64883, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.450727, "energy": 27.427469, "activity_lines": [ 11.000667, 11.556873, 11.832419, 11.504781 ] }, { "date": "2026-08-07", "close": 10.792, "volume": 160975, "typical_volume": 175517.4, "trend": 11.172633, "fair_value": 8.695888, "relative_strength": -19.670861, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -21.279911, "energy": 30.192196, "activity_lines": [ 10.885067, 11.332655, 11.759686, 11.478206 ] } ], "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." } } }