{ "ticker": { "uuid": "c3ec1121-3fd7-4cc2-8345-011acc455b76", "symbol": "COMF", "name": "L&G Longer Dated All Commodities UCITS ETF", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 62.681, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 41.403, "architecture_energy": 37.52, "architecture_maturity": 26.43, "architecture_confidence": 50.973, "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": 44.07, "rotation_up": 61.83, "upward_expansion": 66.1, "deceleration": 63.19, "rotation_down": 9.96, "downward_expansion": 11.76 }, "activity_lines": [ 26.872333, 26.554636, 26.618405, 26.461807 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 26.809999, "trend_reference": 26.007334, "distance_from_trend": 0.030863, "trend_direction": "Improving", "fair_value": 22.11642, "distance_from_fair_value": 0.212221, "fair_value_direction": "Weakening", "relative_strength": -5.189343, "relative_strength_direction": "Weakening", "price_momentum": 0.121523, "excess_performance": -0.049369, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.030863, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.052907, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.212221, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.045243, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.051893, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.093509, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.121523, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.925276, "read": "Demand-led" } ], "volume": { "latest": 45926, "relative_activity": 5.08664, "balance": 2.925276, "dry_up": 1.630569, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.024359, "annualized_volatility": 0.159065, "from_high_reference": -0.049291, "from_low_reference": 0.316474 }, "levels": { "trend_reference": 26.007334, "fair_value_reference": 22.11642, "structural_low": 23.4, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 12, "median_return": 0.004747, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.00661, "regime_survival": 0.583333, "best_return": 0.072727, "worst_return": -0.074318, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.000688, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.023062, "regime_survival": 0.166667, "best_return": 0.291964, "worst_return": -0.052966, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.018284, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.012089, "regime_survival": 0.0, "best_return": 0.49256, "worst_return": -0.077836, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.132233, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.078628, "regime_survival": 0.0, "best_return": 0.29494, "worst_return": -0.030474, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-28", "end": "2024-08-02", "tenure": "Developing", "return": -0.069667, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-09", "end": "2024-09-06", "tenure": "Developing", "return": -0.023358, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-13", "end": "2024-09-27", "tenure": "New", "return": 0.032488, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-12-13", "tenure": "Developing", "return": 0.014765, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-03-14", "tenure": "Established", "return": 0.04157, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-21", "end": "2025-04-18", "tenure": "Developing", "return": -0.074318, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-25", "end": "2025-05-23", "tenure": "Developing", "return": 0.013565, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-30", "end": "2025-09-12", "tenure": "Established", "return": 0.017084, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-19", "end": "2025-10-03", "tenure": "New", "return": 0.02599, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-10-10", "end": "2025-10-24", "tenure": "New", "return": 0.189546, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-31", "end": "2025-11-21", "tenure": "New", "return": 0.002934, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-01-09", "tenure": "Developing", "return": 0.032272, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-06-12", "tenure": "Established", "return": 0.114364, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": 0.028977, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 20.365, "volume": 1131, "typical_volume": 33806.45, "trend": 20.3235, "fair_value": 18.153218, "relative_strength": -12.826833, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.966678, "energy": 38.656014, "activity_lines": [ 20.396666, 20.2176, 20.084495, 20.146019 ] }, { "date": "2023-08-25", "close": 20.780001, "volume": 105144, "typical_volume": 38283.35, "trend": 20.303, "fair_value": 18.213103, "relative_strength": -11.6852, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.745835, "energy": 53.586187, "activity_lines": [ 20.530333, 20.338873, 20.152519, 20.175471 ] }, { "date": "2023-09-01", "close": 21.014999, "volume": 58370, "typical_volume": 40608.85, "trend": 20.310667, "fair_value": 18.274865, "relative_strength": -11.376886, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.212618, "energy": 65.249847, "activity_lines": [ 20.701, 20.493145, 20.241662, 20.221406 ] }, { "date": "2023-09-08", "close": 21.09, "volume": 56315, "typical_volume": 41375.5, "trend": 20.305, "fair_value": 18.337404, "relative_strength": -9.111371, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.132235, "energy": 68.267207, "activity_lines": [ 20.867667, 20.640018, 20.335805, 20.271686 ] }, { "date": "2023-09-15", "close": 21.415001, "volume": 61354, "typical_volume": 43212.75, "trend": 20.319167, "fair_value": 18.400923, "relative_strength": -9.146591, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 84.181826, "energy": 88.456693, "activity_lines": [ 21.093667, 20.820091, 20.457209, 20.343299 ] }, { "date": "2023-09-22", "close": 21.215, "volume": 11752, "typical_volume": 43070.5, "trend": 20.325333, "fair_value": 18.463878, "relative_strength": -8.232011, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.911882, "energy": 85.331522, "activity_lines": [ 21.187667, 20.933455, 20.552457, 20.401095 ] }, { "date": "2023-09-29", "close": 21.165001, "volume": 24734, "typical_volume": 43800.9, "trend": 20.319167, "fair_value": 18.527436, "relative_strength": -6.576118, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.939344, "energy": 83.929556, "activity_lines": [ 21.208334, 21.010546, 20.635919, 20.455267 ] }, { "date": "2023-10-06", "close": 20.530001, "volume": 14949, "typical_volume": 44280.75, "trend": 20.313833, "fair_value": 18.584936, "relative_strength": -7.092225, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.467987, "energy": 49.761806, "activity_lines": [ 20.991667, 20.95391, 20.651757, 20.468869 ] }, { "date": "2023-10-13", "close": 21.264999, "volume": 192875, "typical_volume": 53288.05, "trend": 20.347667, "fair_value": 18.646481, "relative_strength": -4.380068, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.000466, "energy": 46.141414, "activity_lines": [ 21.052334, 21.031818, 20.734538, 20.530234 ] }, { "date": "2023-10-20", "close": 21.450001, "volume": 66927, "typical_volume": 54730.25, "trend": 20.39, "fair_value": 18.709878, "relative_strength": 0.195751, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.819738, "energy": 49.898357, "activity_lines": [ 21.163, 21.126819, 20.828162, 20.601353 ] }, { "date": "2023-10-27", "close": 21.18, "volume": 45581, "typical_volume": 56746.45, "trend": 20.414, "fair_value": 18.772276, "relative_strength": -0.282142, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.689358, "energy": 41.219817, "activity_lines": [ 21.181334, 21.154273, 20.88811, 20.652321 ] }, { "date": "2023-11-03", "close": 21.014999, "volume": 4160, "typical_volume": 56581.7, "trend": 20.430667, "fair_value": 18.833423, "relative_strength": -5.197056, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.140684, "energy": 43.05963, "activity_lines": [ 21.147, 21.136909, 20.926514, 20.691095 ] }, { "date": "2023-11-10", "close": 20.469999, "volume": 111113, "typical_volume": 60934.0, "trend": 20.4275, "fair_value": 18.889744, "relative_strength": -6.614168, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.039032, "energy": 18.990603, "activity_lines": [ 20.940999, 21.016182, 20.909348, 20.693632 ] }, { "date": "2023-11-17", "close": 20.125, "volume": 62067, "typical_volume": 63952.4, "trend": 20.421167, "fair_value": 18.94384, "relative_strength": -10.802732, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -9.392579, "energy": 18.580863, "activity_lines": [ 20.624, 20.842636, 20.856409, 20.674116 ] }, { "date": "2023-11-24", "close": 20.110001, "volume": 7905, "typical_volume": 62846.15, "trend": 20.427433, "fair_value": 18.99766, "relative_strength": -10.181471, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -32.13416, "energy": 37.795529, "activity_lines": [ 20.378, 20.683909, 20.799857, 20.654041 ] }, { "date": "2023-12-01", "close": 20.355, "volume": 2713, "typical_volume": 62754.8, "trend": 20.447933, "fair_value": 19.054372, "relative_strength": -10.080733, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -21.99226, "energy": 35.932393, "activity_lines": [ 20.303, 20.593455, 20.764905, 20.649368 ] }, { "date": "2023-12-08", "close": 19.826, "volume": 9702, "typical_volume": 63063.35, "trend": 20.453333, "fair_value": 19.106564, "relative_strength": -13.250565, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.070477, "energy": 59.288883, "activity_lines": [ 20.106667, 20.422455, 20.676548, 20.609243 ] }, { "date": "2023-12-15", "close": 19.74, "volume": 241586, "typical_volume": 59772.85, "trend": 20.4484, "fair_value": 19.156769, "relative_strength": -12.948282, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.982448, "energy": 63.862943, "activity_lines": [ 19.960933, 20.260164, 20.581591, 20.563222 ] }, { "date": "2023-12-22", "close": 19.638, "volume": 38778, "typical_volume": 57623.45, "trend": 20.4416, "fair_value": 19.206077, "relative_strength": -12.744103, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.09585, "energy": 64.480078, "activity_lines": [ 19.829867, 20.093691, 20.480919, 20.510938 ] }, { "date": "2023-12-29", "close": 19.542, "volume": 3896, "typical_volume": 56052.6, "trend": 20.433733, "fair_value": 19.255359, "relative_strength": -12.558297, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.143138, "energy": 67.264921, "activity_lines": [ 19.699267, 19.939345, 20.374519, 20.452899 ] }, { "date": "2024-01-05", "close": 19.608, "volume": 9079, "typical_volume": 56450.0, "trend": 20.422133, "fair_value": 19.302218, "relative_strength": -12.069783, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.609393, "energy": 74.402506, "activity_lines": [ 19.628533, 19.831691, 20.278657, 20.399626 ] }, { "date": "2024-01-12", "close": 19.497999, "volume": 5707, "typical_volume": 51478.15, "trend": 20.397233, "fair_value": 19.34691, "relative_strength": -12.218644, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.108601, "energy": 76.640272, "activity_lines": [ 19.570933, 19.732618, 20.175924, 20.340004 ] }, { "date": "2024-01-19", "close": 19.440001, "volume": 26236, "typical_volume": 49871.45, "trend": 20.3833, "fair_value": 19.392449, "relative_strength": -11.493307, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.875391, "energy": 73.454656, "activity_lines": [ 19.515867, 19.650582, 20.073771, 20.278247 ] }, { "date": "2024-01-26", "close": 19.736, "volume": 6341, "typical_volume": 47372.75, "trend": 20.385633, "fair_value": 19.439115, "relative_strength": -10.045874, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.039008, "energy": 52.398134, "activity_lines": [ 19.579467, 19.641091, 20.00731, 20.236486 ] }, { "date": "2024-02-02", "close": 19.632, "volume": 8026, "typical_volume": 44706.35, "trend": 20.381833, "fair_value": 19.482372, "relative_strength": -11.194987, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.056959, "energy": 46.625539, "activity_lines": [ 19.601867, 19.619764, 19.93739, 20.187865 ] }, { "date": "2024-02-09", "close": 19.620001, "volume": 9159, "typical_volume": 44576.7, "trend": 20.3785, "fair_value": 19.525077, "relative_strength": -12.144958, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.449648, "energy": 40.181187, "activity_lines": [ 19.614267, 19.604946, 19.874819, 20.138714 ] }, { "date": "2024-02-16", "close": 19.542, "volume": 174938, "typical_volume": 52086.9, "trend": 20.3579, "fair_value": 19.565756, "relative_strength": -13.757494, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.368804, "energy": 38.566886, "activity_lines": [ 19.599867, 19.589309, 19.812414, 20.084746 ] }, { "date": "2024-02-23", "close": 19.441999, "volume": 12144, "typical_volume": 51946.65, "trend": 20.319967, "fair_value": 19.605641, "relative_strength": -16.324959, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.112541, "energy": 45.376241, "activity_lines": [ 19.5492, 19.560655, 19.748214, 20.025656 ] }, { "date": "2024-03-01", "close": 19.766001, "volume": 10857, "typical_volume": 42845.75, "trend": 20.300333, "fair_value": 19.646218, "relative_strength": -15.148546, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.367827, "energy": 34.636271, "activity_lines": [ 19.6064, 19.596327, 19.720052, 19.989916 ] }, { "date": "2024-03-08", "close": 19.719999, "volume": 3040, "typical_volume": 39651.4, "trend": 20.2765, "fair_value": 19.686064, "relative_strength": -16.154081, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.487932, "energy": 31.779593, "activity_lines": [ 19.646266, 19.621309, 19.694648, 19.952475 ] }, { "date": "2024-03-15", "close": 20.264999, "volume": 9316, "typical_volume": 37838.15, "trend": 20.273167, "fair_value": 19.731006, "relative_strength": -14.738368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.483996, "energy": 10.927797, "activity_lines": [ 19.861933, 19.742145, 19.729386, 19.951733 ] }, { "date": "2024-03-22", "close": 20.309999, "volume": 11041, "typical_volume": 38182.2, "trend": 20.2575, "fair_value": 19.775571, "relative_strength": -15.115949, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 12.373374, "energy": 27.911557, "activity_lines": [ 20.049599, 19.859218, 19.772766, 19.95411 ] }, { "date": "2024-03-29", "close": 20.495001, "volume": 14310, "typical_volume": 33342.05, "trend": 20.240167, "fair_value": 19.821436, "relative_strength": -14.956635, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.469857, "energy": 56.5169, "activity_lines": [ 20.247733, 19.995163, 19.837124, 19.969432 ] }, { "date": "2024-04-05", "close": 21.15, "volume": 11492, "typical_volume": 30813.3, "trend": 20.242167, "fair_value": 19.871192, "relative_strength": -10.002463, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 56.174721, "energy": 79.551734, "activity_lines": [ 20.594, 20.231018, 19.963743, 20.028131 ] }, { "date": "2024-04-12", "close": 21.709999, "volume": 28727, "typical_volume": 31854.4, "trend": 20.252, "fair_value": 19.922987, "relative_strength": -6.697458, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 68.369816, "energy": 88.254361, "activity_lines": [ 21.034666, 20.542981, 20.138814, 20.12283 ] }, { "date": "2024-04-19", "close": 21.540001, "volume": 32145, "typical_volume": 33326.0, "trend": 20.262833, "fair_value": 19.972769, "relative_strength": -7.608653, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 57.967327, "energy": 84.897093, "activity_lines": [ 21.286, 20.786254, 20.290076, 20.205927 ] }, { "date": "2024-04-26", "close": 21.58, "volume": 13015, "typical_volume": 33491.65, "trend": 20.276667, "fair_value": 20.021615, "relative_strength": -8.051631, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 77.770546, "energy": 92.024185, "activity_lines": [ 21.465667, 21.001891, 20.439505, 20.290905 ] }, { "date": "2024-05-03", "close": 21.129999, "volume": 7939, "typical_volume": 21809.3, "trend": 20.296667, "fair_value": 20.064192, "relative_strength": -8.065352, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.3154, "energy": 87.950456, "activity_lines": [ 21.410666, 21.098654, 20.537724, 20.345959 ] }, { "date": "2024-05-10", "close": 21.41, "volume": 9851, "typical_volume": 20362.95, "trend": 20.3015, "fair_value": 20.109782, "relative_strength": -9.351861, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.692822, "energy": 72.69653, "activity_lines": [ 21.406666, 21.215636, 20.65599, 20.417787 ] }, { "date": "2024-05-17", "close": 21.684999, "volume": 7232, "typical_volume": 20529.75, "trend": 20.309333, "fair_value": 20.15875, "relative_strength": -9.831921, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.552859, "energy": 69.234677, "activity_lines": [ 21.477, 21.352727, 20.792009, 20.507045 ] }, { "date": "2024-05-24", "close": 21.684999, "volume": 8333, "typical_volume": 20492.45, "trend": 20.326166, "fair_value": 20.205449, "relative_strength": -7.158408, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.056303, "energy": 65.282018, "activity_lines": [ 21.548999, 21.45409, 20.917823, 20.595798 ] }, { "date": "2024-05-31", "close": 21.424999, "volume": 13183, "typical_volume": 20866.25, "trend": 20.339833, "fair_value": 20.248981, "relative_strength": -7.988056, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.842021, "energy": 59.443128, "activity_lines": [ 21.524666, 21.482363, 21.008985, 20.66669 ] }, { "date": "2024-06-07", "close": 21.195, "volume": 16440, "typical_volume": 20376.45, "trend": 20.364, "fair_value": 20.289385, "relative_strength": -9.098013, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.042202, "energy": 47.356842, "activity_lines": [ 21.433999, 21.448545, 21.069066, 20.721862 ] }, { "date": "2024-06-14", "close": 21.575001, "volume": 7784, "typical_volume": 20448.6, "trend": 20.412333, "fair_value": 20.334417, "relative_strength": -1.630971, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.539541, "energy": 45.708215, "activity_lines": [ 21.465667, 21.471091, 21.156981, 20.799991 ] }, { "date": "2024-06-21", "close": 21.525, "volume": 4929, "typical_volume": 20293.75, "trend": 20.4595, "fair_value": 20.37841, "relative_strength": -3.525464, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.778423, "energy": 38.239857, "activity_lines": [ 21.469667, 21.476818, 21.231376, 20.871776 ] }, { "date": "2024-06-28", "close": 21.33, "volume": 6484, "typical_volume": 20160.0, "trend": 20.492, "fair_value": 20.417731, "relative_strength": -3.805445, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.435969, "energy": 32.170653, "activity_lines": [ 21.419333, 21.450454, 21.278185, 20.927937 ] }, { "date": "2024-07-05", "close": 21.424999, "volume": 4854, "typical_volume": 11655.8, "trend": 20.5453, "fair_value": 20.459096, "relative_strength": -5.529342, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.499552, "energy": 33.440037, "activity_lines": [ 21.424333, 21.445182, 21.3259, 20.988131 ] }, { "date": "2024-07-12", "close": 20.865, "volume": 3822, "typical_volume": 11239.7, "trend": 20.5828, "fair_value": 20.495192, "relative_strength": -9.35515, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.634031, "energy": 16.325616, "activity_lines": [ 21.242666, 21.340909, 21.311314, 21.008757 ] }, { "date": "2024-07-19", "close": 20.620001, "volume": 4793, "typical_volume": 10936.5, "trend": 20.615533, "fair_value": 20.528397, "relative_strength": -9.212046, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.941327, "energy": 18.723219, "activity_lines": [ 21.001333, 21.196909, 21.266619, 21.011157 ] }, { "date": "2024-07-26", "close": 20.155001, "volume": 8670, "typical_volume": 11218.0, "trend": 20.635967, "fair_value": 20.558609, "relative_strength": -9.934146, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -25.413591, "energy": 40.40687, "activity_lines": [ 20.668667, 20.982728, 21.173571, 20.981445 ] }, { "date": "2024-08-02", "close": 19.844, "volume": 5668, "typical_volume": 11035.6, "trend": 20.643833, "fair_value": 20.587224, "relative_strength": -6.106391, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -50.509674, "energy": 73.392748, "activity_lines": [ 20.323667, 20.739818, 21.048833, 20.93035 ] }, { "date": "2024-08-09", "close": 19.950001, "volume": 7310, "typical_volume": 10849.05, "trend": 20.6589, "fair_value": 20.616083, "relative_strength": -4.636957, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.605743, "energy": 73.105465, "activity_lines": [ 20.113067, 20.549655, 20.936195, 20.885587 ] }, { "date": "2024-08-16", "close": 19.865999, "volume": 5905, "typical_volume": 10428.8, "trend": 20.6731, "fair_value": 20.647135, "relative_strength": -8.302483, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.521292, "energy": 77.300153, "activity_lines": [ 19.9728, 20.371037, 20.817271, 20.834432 ] }, { "date": "2024-08-23", "close": 19.712, "volume": 6016, "typical_volume": 10155.0, "trend": 20.6723, "fair_value": 20.674019, "relative_strength": -10.262906, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.410503, "energy": 79.201701, "activity_lines": [ 19.8478, 20.188582, 20.686676, 20.772426 ] }, { "date": "2024-08-30", "close": 19.950001, "volume": 5533, "typical_volume": 8995.3, "trend": 20.6829, "fair_value": 20.701891, "relative_strength": -10.686894, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.957155, "energy": 71.205625, "activity_lines": [ 19.862667, 20.083273, 20.585595, 20.725826 ] }, { "date": "2024-09-06", "close": 19.483999, "volume": 4386, "typical_volume": 7607.35, "trend": 20.678367, "fair_value": 20.726468, "relative_strength": -9.505002, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -81.863154, "energy": 87.445138, "activity_lines": [ 19.735867, 19.921873, 20.448514, 20.648477 ] }, { "date": "2024-09-13", "close": 19.884001, "volume": 13809, "typical_volume": 7647.05, "trend": 20.689767, "fair_value": 20.751981, "relative_strength": -8.002245, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.761342, "energy": 71.535435, "activity_lines": [ 19.7664, 19.866764, 20.359319, 20.597228 ] }, { "date": "2024-09-20", "close": 20.09, "volume": 13224, "typical_volume": 7911.3, "trend": 20.711367, "fair_value": 20.777712, "relative_strength": -7.174708, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.870183, "energy": 53.141037, "activity_lines": [ 19.87, 19.877127, 20.297819, 20.558533 ] }, { "date": "2024-09-27", "close": 20.530001, "volume": 3427, "typical_volume": 7590.1, "trend": 20.736833, "fair_value": 20.803148, "relative_strength": -7.337852, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.618451, "energy": 34.967043, "activity_lines": [ 20.105334, 19.981582, 20.283176, 20.546832 ] }, { "date": "2024-10-04", "close": 21.334999, "volume": 5859, "typical_volume": 7521.45, "trend": 20.790667, "fair_value": 20.830885, "relative_strength": -0.146454, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 3.548961, "energy": 23.030228, "activity_lines": [ 20.554467, 20.234036, 20.349391, 20.585424 ] }, { "date": "2024-10-11", "close": 21.190001, "volume": 7984, "typical_volume": 7504.0, "trend": 20.8215, "fair_value": 20.855923, "relative_strength": -2.489706, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.171745, "energy": 41.71654, "activity_lines": [ 20.862934, 20.438673, 20.403462, 20.611187 ] }, { "date": "2024-10-18", "close": 20.805, "volume": 9008, "typical_volume": 7295.25, "trend": 20.838, "fair_value": 20.880648, "relative_strength": -6.147873, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.774929, "energy": 38.477785, "activity_lines": [ 20.929334, 20.548837, 20.423224, 20.610123 ] }, { "date": "2024-10-25", "close": 21.25, "volume": 14623, "typical_volume": 7204.4, "trend": 20.863167, "fair_value": 20.907801, "relative_strength": -2.468804, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.229311, "energy": 44.543497, "activity_lines": [ 21.082667, 20.724364, 20.488319, 20.636703 ] }, { "date": "2024-11-01", "close": 20.865, "volume": 18128, "typical_volume": 7721.6, "trend": 20.853667, "fair_value": 20.932718, "relative_strength": -3.571474, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.659673, "energy": 46.830114, "activity_lines": [ 21.030333, 20.804727, 20.516486, 20.636822 ] }, { "date": "2024-11-08", "close": 21.094999, "volume": 8725, "typical_volume": 7911.4, "trend": 20.833167, "fair_value": 20.957609, "relative_strength": 0.259415, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.315012, "energy": 32.907434, "activity_lines": [ 21.032333, 20.905945, 20.569938, 20.652391 ] }, { "date": "2024-11-15", "close": 21.07, "volume": 24984, "typical_volume": 8836.4, "trend": 20.8175, "fair_value": 20.981545, "relative_strength": -0.755161, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.277549, "energy": 29.896665, "activity_lines": [ 21.042, 20.9818, 20.623057, 20.667671 ] }, { "date": "2024-11-22", "close": 21.875, "volume": 10346, "typical_volume": 9111.0, "trend": 20.827333, "fair_value": 21.013115, "relative_strength": 5.279112, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.666883, "energy": 45.21365, "activity_lines": [ 21.328, 21.175182, 20.754081, 20.735897 ] }, { "date": "2024-11-29", "close": 21.475, "volume": 6364, "typical_volume": 9238.1, "trend": 20.838833, "fair_value": 21.044212, "relative_strength": 3.721893, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.148032, "energy": 48.057238, "activity_lines": [ 21.409333, 21.259636, 20.844867, 20.777682 ] }, { "date": "2024-12-06", "close": 21.355, "volume": 7813, "typical_volume": 9389.1, "trend": 20.837, "fair_value": 21.07341, "relative_strength": -0.704409, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.446522, "energy": 47.919229, "activity_lines": [ 21.435667, 21.297091, 20.921319, 20.810983 ] }, { "date": "2024-12-13", "close": 21.65, "volume": 46145, "typical_volume": 11262.85, "trend": 20.835833, "fair_value": 21.103936, "relative_strength": 0.357757, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 69.287596, "energy": 67.016672, "activity_lines": [ 21.527667, 21.373182, 21.022367, 20.863434 ] }, { "date": "2024-12-20", "close": 21.530001, "volume": 8423, "typical_volume": 11400.6, "trend": 20.830667, "fair_value": 21.13218, "relative_strength": 3.150774, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.586958, "energy": 46.682798, "activity_lines": [ 21.542667, 21.421727, 21.104867, 20.908219 ] }, { "date": "2024-12-27", "close": 21.719999, "volume": 5344, "typical_volume": 11302.3, "trend": 20.8405, "fair_value": 21.160615, "relative_strength": 2.883523, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.104561, "energy": 46.411264, "activity_lines": [ 21.590333, 21.498636, 21.197433, 20.965596 ] }, { "date": "2025-01-03", "close": 22.139999, "volume": 4587, "typical_volume": 11236.4, "trend": 20.872, "fair_value": 21.190103, "relative_strength": 4.959357, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.620879, "energy": 67.240908, "activity_lines": [ 21.788333, 21.635272, 21.321571, 21.049434 ] }, { "date": "2025-01-10", "close": 22.905001, "volume": 5123, "typical_volume": 11191.75, "trend": 20.916333, "fair_value": 21.223314, "relative_strength": 5.566852, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.439449, "energy": 86.250726, "activity_lines": [ 22.197, 21.894818, 21.507738, 21.180596 ] }, { "date": "2025-01-17", "close": 23.209999, "volume": 126712, "typical_volume": 17250.7, "trend": 20.9725, "fair_value": 21.25534, "relative_strength": 3.504369, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.832124, "energy": 94.562747, "activity_lines": [ 22.604, 22.172727, 21.707748, 21.328574 ] }, { "date": "2025-01-24", "close": 22.75, "volume": 15525, "typical_volume": 17807.65, "trend": 21.019833, "fair_value": 21.281481, "relative_strength": 1.707923, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.552393, "energy": 87.123304, "activity_lines": [ 22.753666, 22.328545, 21.848424, 21.443252 ] }, { "date": "2025-01-31", "close": 22.905001, "volume": 11022, "typical_volume": 17668.3, "trend": 21.069167, "fair_value": 21.30909, "relative_strength": 1.675095, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.365125, "energy": 87.778701, "activity_lines": [ 22.873667, 22.482, 21.98831, 21.564875 ] }, { "date": "2025-02-07", "close": 23.389999, "volume": 26725, "typical_volume": 18343.35, "trend": 21.153333, "fair_value": 21.339462, "relative_strength": 2.18699, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.202346, "energy": 89.559674, "activity_lines": [ 23.076333, 22.704909, 22.16, 21.714606 ] }, { "date": "2025-02-14", "close": 23.389999, "volume": 14543, "typical_volume": 18899.15, "trend": 21.245667, "fair_value": 21.366385, "relative_strength": -0.293942, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.864499, "energy": 71.543732, "activity_lines": [ 23.195666, 22.893, 22.315976, 21.858907 ] }, { "date": "2025-02-21", "close": 23.795, "volume": 10444, "typical_volume": 19128.4, "trend": 21.367, "fair_value": 21.394583, "relative_strength": 0.185645, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.77597, "energy": 77.507562, "activity_lines": [ 23.417666, 23.117727, 22.496905, 22.023381 ] }, { "date": "2025-02-28", "close": 23.0, "volume": 12803, "typical_volume": 19369.35, "trend": 21.4722, "fair_value": 21.399103, "relative_strength": -3.732349, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.306659, "energy": 64.292713, "activity_lines": [ 23.335666, 23.158909, 22.590405, 22.128735 ] }, { "date": "2025-03-07", "close": 22.4, "volume": 24115, "typical_volume": 20124.7, "trend": 21.553867, "fair_value": 21.403558, "relative_strength": -6.06403, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.958417, "energy": 46.415939, "activity_lines": [ 23.037, 23.064273, 22.618143, 22.188593 ] }, { "date": "2025-03-14", "close": 22.424999, "volume": 87359, "typical_volume": 23761.5, "trend": 21.639167, "fair_value": 21.410385, "relative_strength": -6.060469, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.098649, "energy": 31.916352, "activity_lines": [ 22.780333, 22.961818, 22.640666, 22.244796 ] }, { "date": "2025-03-21", "close": 22.74, "volume": 5204, "typical_volume": 23115.3, "trend": 21.7401, "fair_value": 21.410449, "relative_strength": -5.644717, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.272841, "energy": 27.893658, "activity_lines": [ 22.693, 22.911454, 22.687595, 22.315817 ] }, { "date": "2025-03-28", "close": 22.745001, "volume": 5413, "typical_volume": 22949.7, "trend": 21.833267, "fair_value": 21.415032, "relative_strength": -4.892564, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.613282, "energy": 24.800027, "activity_lines": [ 22.650667, 22.865, 22.726071, 22.380649 ] }, { "date": "2025-04-04", "close": 21.309999, "volume": 7102, "typical_volume": 22055.6, "trend": 21.894133, "fair_value": 21.405288, "relative_strength": -0.353491, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.441099, "energy": 21.8572, "activity_lines": [ 22.2, 22.566091, 22.620024, 22.34689 ] }, { "date": "2025-04-11", "close": 20.725, "volume": 40089, "typical_volume": 23542.75, "trend": 21.922167, "fair_value": 21.385353, "relative_strength": -1.215928, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -43.566096, "energy": 42.182521, "activity_lines": [ 21.667, 22.187, 22.457119, 22.271462 ] }, { "date": "2025-04-18", "close": 21.049999, "volume": 4556, "typical_volume": 23452.35, "trend": 21.954167, "fair_value": 21.369679, "relative_strength": -4.962123, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.932671, "energy": 54.484218, "activity_lines": [ 21.354, 21.906636, 22.330643, 22.215193 ] }, { "date": "2025-04-25", "close": 21.01, "volume": 5930, "typical_volume": 23358.2, "trend": 21.970167, "fair_value": 21.350417, "relative_strength": -8.424013, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.150499, "energy": 65.016718, "activity_lines": [ 21.119333, 21.661545, 22.202381, 22.154279 ] }, { "date": "2025-05-02", "close": 20.889999, "volume": 4875, "typical_volume": 21294.7, "trend": 21.955333, "fair_value": 21.328397, "relative_strength": -11.043211, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.513068, "energy": 69.996817, "activity_lines": [ 20.959999, 21.437909, 22.064333, 22.084591 ] }, { "date": "2025-05-09", "close": 21.365, "volume": 3881, "typical_volume": 21067.6, "trend": 21.961166, "fair_value": 21.311218, "relative_strength": -11.219172, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.959453, "energy": 54.271482, "activity_lines": [ 21.082666, 21.353454, 21.975143, 22.046505 ] }, { "date": "2025-05-16", "close": 21.315001, "volume": 13170, "typical_volume": 21458.9, "trend": 21.978167, "fair_value": 21.292885, "relative_strength": -13.989646, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.873079, "energy": 35.282102, "activity_lines": [ 21.185, 21.289636, 21.881976, 22.004817 ] }, { "date": "2025-05-23", "close": 21.295, "volume": 3890, "typical_volume": 21424.05, "trend": 21.979667, "fair_value": 21.273141, "relative_strength": -11.249614, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -56.050002, "energy": 38.070648, "activity_lines": [ 21.241333, 21.241909, 21.788833, 21.960742 ] }, { "date": "2025-05-30", "close": 20.780001, "volume": 3818, "typical_volume": 21358.8, "trend": 21.976833, "fair_value": 21.24984, "relative_strength": -14.439884, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.555422, "energy": 42.543124, "activity_lines": [ 21.109667, 21.121091, 21.650667, 21.883344 ] }, { "date": "2025-06-06", "close": 21.355, "volume": 875, "typical_volume": 15066.95, "trend": 21.9855, "fair_value": 21.225994, "relative_strength": -12.951266, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.733202, "energy": 33.326686, "activity_lines": [ 21.185, 21.140455, 21.577381, 21.843226 ] }, { "date": "2025-06-13", "close": 21.379999, "volume": 5299, "typical_volume": 14555.65, "trend": 21.995833, "fair_value": 21.209487, "relative_strength": -9.94006, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.540837, "energy": 29.718457, "activity_lines": [ 21.237667, 21.189636, 21.515309, 21.804161 ] }, { "date": "2025-06-20", "close": 21.82, "volume": 6570, "typical_volume": 14333.05, "trend": 21.994, "fair_value": 21.204904, "relative_strength": -7.332771, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.531627, "energy": 19.789337, "activity_lines": [ 21.436, 21.317545, 21.501667, 21.792817 ] }, { "date": "2025-06-27", "close": 20.68, "volume": 8148, "typical_volume": 13404.2, "trend": 21.9675, "fair_value": 21.196506, "relative_strength": -12.960454, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.372105, "energy": 28.023297, "activity_lines": [ 21.220667, 21.218273, 21.384619, 21.708043 ] }, { "date": "2025-07-04", "close": 20.684999, "volume": 6220, "typical_volume": 12988.05, "trend": 21.945167, "fair_value": 21.186635, "relative_strength": -12.370434, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.563742, "energy": 40.784823, "activity_lines": [ 21.048, 21.126636, 21.280952, 21.625301 ] }, { "date": "2025-07-11", "close": 21.084999, "volume": 6411, "typical_volume": 12786.4, "trend": 21.926333, "fair_value": 21.181186, "relative_strength": -11.471391, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.339856, "energy": 38.998442, "activity_lines": [ 21.014999, 21.113636, 21.228262, 21.569806 ] }, { "date": "2025-07-18", "close": 21.285, "volume": 7805, "typical_volume": 12536.5, "trend": 21.918166, "fair_value": 21.173622, "relative_strength": -10.935303, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.580275, "energy": 45.002693, "activity_lines": [ 21.066666, 21.133454, 21.207524, 21.52843 ] }, { "date": "2025-07-25", "close": 20.875, "volume": 12517, "typical_volume": 11956.6, "trend": 21.89, "fair_value": 21.156538, "relative_strength": -13.30397, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.357345, "energy": 42.461751, "activity_lines": [ 20.988, 21.080182, 21.155905, 21.461129 ] }, { "date": "2025-08-01", "close": 20.695, "volume": 6586, "typical_volume": 7917.95, "trend": 21.841833, "fair_value": 21.142115, "relative_strength": -12.075997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.572427, "energy": 36.913458, "activity_lines": [ 20.912333, 21.002182, 21.094405, 21.384032 ] }, { "date": "2025-08-08", "close": 20.615, "volume": 3930, "typical_volume": 7854.25, "trend": 21.7655, "fair_value": 21.123141, "relative_strength": -15.58814, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.605166, "energy": 40.00259, "activity_lines": [ 20.809, 20.920545, 21.033524, 21.304882 ] }, { "date": "2025-08-15", "close": 20.445, "volume": 48467, "typical_volume": 10006.95, "trend": 21.673333, "fair_value": 21.100929, "relative_strength": -17.977989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.022401, "energy": 55.230712, "activity_lines": [ 20.653667, 20.811, 20.966571, 21.219688 ] }, { "date": "2025-08-22", "close": 20.665001, "volume": 2821, "typical_volume": 9792.9, "trend": 21.603833, "fair_value": 21.076346, "relative_strength": -18.058118, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.858884, "energy": 49.028912, "activity_lines": [ 20.614334, 20.758, 20.931524, 21.154634 ] }, { "date": "2025-08-29", "close": 20.834999, "volume": 2335, "typical_volume": 7905.2, "trend": 21.534833, "fair_value": 21.059551, "relative_strength": -14.959618, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.728061, "energy": 38.844127, "activity_lines": [ 20.673, 20.748909, 20.915738, 21.105032 ] }, { "date": "2025-09-05", "close": 20.785, "volume": 1417, "typical_volume": 7748.25, "trend": 21.448, "fair_value": 21.044359, "relative_strength": -13.719838, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.3911, "energy": 32.083085, "activity_lines": [ 20.717667, 20.748636, 20.894667, 21.056656 ] }, { "date": "2025-09-12", "close": 21.135, "volume": 3832, "typical_volume": 7643.35, "trend": 21.372833, "fair_value": 21.029551, "relative_strength": -13.967669, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.347637, "energy": 13.852438, "activity_lines": [ 20.873, 20.810091, 20.90819, 21.036462 ] }, { "date": "2025-09-19", "close": 20.969999, "volume": 13958, "typical_volume": 8097.5, "trend": 21.278666, "fair_value": 21.016378, "relative_strength": -13.841409, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.900022, "energy": 16.219998, "activity_lines": [ 20.938666, 20.833363, 20.905405, 21.010473 ] }, { "date": "2025-09-26", "close": 21.455, "volume": 4990, "typical_volume": 8152.95, "trend": 21.227166, "fair_value": 21.007468, "relative_strength": -12.280772, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.326342, "energy": 13.762179, "activity_lines": [ 21.131, 20.946909, 20.948428, 21.021849 ] }, { "date": "2025-10-03", "close": 21.514999, "volume": 11338, "typical_volume": 8061.35, "trend": 21.197666, "fair_value": 20.99359, "relative_strength": -12.877644, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.356344, "energy": 31.368284, "activity_lines": [ 21.290666, 21.068272, 20.996738, 21.040419 ] }, { "date": "2025-10-10", "close": 21.559999, "volume": 8532, "typical_volume": 8293.45, "trend": 21.168833, "fair_value": 20.982179, "relative_strength": -9.864602, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.603846, "energy": 51.278494, "activity_lines": [ 21.419999, 21.186181, 21.048381, 21.063795 ] }, { "date": "2025-10-17", "close": 21.77, "volume": 13731, "typical_volume": 8789.1, "trend": 21.1365, "fair_value": 20.977083, "relative_strength": -8.138305, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.563807, "energy": 65.090078, "activity_lines": [ 21.567666, 21.326545, 21.118762, 21.10258 ] }, { "date": "2025-10-24", "close": 25.646601, "volume": 7596, "typical_volume": 9125.15, "trend": 21.23322, "fair_value": 20.998183, "relative_strength": 6.389475, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 97.560349, "energy": 97.87384, "activity_lines": [ 22.9652, 22.150745, 21.553628, 21.393555 ] }, { "date": "2025-10-31", "close": 22.155001, "volume": 37152, "typical_volume": 10717.8, "trend": 21.261387, "fair_value": 20.989337, "relative_strength": -9.286895, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.427631, "energy": 77.293042, "activity_lines": [ 22.887094, 22.245535, 21.635526, 21.453024 ] }, { "date": "2025-11-07", "close": 22.120001, "volume": 10186, "typical_volume": 10898.6, "trend": 21.307887, "fair_value": 20.985651, "relative_strength": -8.550859, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.226494, "energy": 69.245089, "activity_lines": [ 22.750654, 22.306869, 21.710399, 21.508419 ] }, { "date": "2025-11-14", "close": 22.445, "volume": 3784, "typical_volume": 10680.4, "trend": 21.354387, "fair_value": 20.987638, "relative_strength": -9.150047, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.005177, "energy": 52.547079, "activity_lines": [ 22.682214, 22.403931, 21.814796, 21.581781 ] }, { "date": "2025-11-21", "close": 22.219999, "volume": 17870, "typical_volume": 11262.9, "trend": 21.39472, "fair_value": 20.987574, "relative_strength": -6.828617, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.404908, "energy": 28.444519, "activity_lines": [ 22.479773, 22.429902, 21.88936, 21.637627 ] }, { "date": "2025-11-28", "close": 22.620001, "volume": 20634, "typical_volume": 11974.05, "trend": 21.452387, "fair_value": 20.989594, "relative_strength": -6.281771, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.199353, "energy": 25.434162, "activity_lines": [ 22.380667, 22.508873, 21.99471, 21.716677 ] }, { "date": "2025-12-05", "close": 22.855, "volume": 29394, "typical_volume": 13053.5, "trend": 21.502053, "fair_value": 20.996645, "relative_strength": -5.184544, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.055244, "energy": 31.13597, "activity_lines": [ 22.561667, 22.600571, 22.115131, 21.807169 ] }, { "date": "2025-12-12", "close": 22.264999, "volume": 6576, "typical_volume": 12756.45, "trend": 21.53372, "fair_value": 21.000235, "relative_strength": -7.455036, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.550658, "energy": 25.645781, "activity_lines": [ 22.499333, 22.559542, 22.171885, 21.856391 ] }, { "date": "2025-12-19", "close": 22.254999, "volume": 5414, "typical_volume": 12697.85, "trend": 21.56572, "fair_value": 21.003408, "relative_strength": -9.62632, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.967015, "energy": 24.055273, "activity_lines": [ 22.423999, 22.503058, 22.221067, 21.902925 ] }, { "date": "2025-12-26", "close": 22.549999, "volume": 2489, "typical_volume": 12625.8, "trend": 21.62472, "fair_value": 21.009273, "relative_strength": -7.698063, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.209394, "energy": 24.229494, "activity_lines": [ 22.459666, 22.487574, 22.290917, 21.966427 ] }, { "date": "2026-01-02", "close": 22.42, "volume": 6095, "typical_volume": 10507.2, "trend": 21.66022, "fair_value": 21.017414, "relative_strength": -9.288973, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.887183, "energy": 17.222896, "activity_lines": [ 22.429999, 22.434272, 22.339171, 22.017735 ] }, { "date": "2026-01-09", "close": 23.35, "volume": 4688, "typical_volume": 10600.55, "trend": 21.725887, "fair_value": 21.030459, "relative_strength": -5.76663, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.337123, "energy": 32.812924, "activity_lines": [ 22.723666, 22.608727, 22.466592, 22.126753 ] }, { "date": "2026-01-16", "close": 23.565001, "volume": 12975, "typical_volume": 11132.55, "trend": 21.784053, "fair_value": 21.043888, "relative_strength": -4.642724, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.07761, "energy": 45.801024, "activity_lines": [ 23.056, 22.800545, 22.601704, 22.245406 ] }, { "date": "2026-01-23", "close": 24.190001, "volume": 8571, "typical_volume": 11490.25, "trend": 21.901053, "fair_value": 21.061805, "relative_strength": 0.317645, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.054293, "energy": 76.865795, "activity_lines": [ 23.510001, 23.079727, 22.783339, 22.400628 ] }, { "date": "2026-01-30", "close": 24.424999, "volume": 26911, "typical_volume": 12644.2, "trend": 22.02572, "fair_value": 21.085138, "relative_strength": 0.073371, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.181356, "energy": 93.127857, "activity_lines": [ 23.913333, 23.369909, 22.971141, 22.563464 ] }, { "date": "2026-02-06", "close": 23.905001, "volume": 22232, "typical_volume": 13057.9, "trend": 22.11972, "fair_value": 21.102094, "relative_strength": -2.418833, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.363896, "energy": 83.087972, "activity_lines": [ 24.018334, 23.525455, 23.093752, 22.684708 ] }, { "date": "2026-02-13", "close": 23.615, "volume": 6581, "typical_volume": 13137.45, "trend": 22.197387, "fair_value": 21.11892, "relative_strength": -2.318276, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.271341, "energy": 78.191123, "activity_lines": [ 23.927667, 23.604909, 23.174769, 22.781177 ] }, { "date": "2026-02-20", "close": 24.275, "volume": 2531, "typical_volume": 12697.1, "trend": 22.31072, "fair_value": 21.139722, "relative_strength": -1.494405, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.097448, "energy": 68.239196, "activity_lines": [ 24.039333, 23.790546, 23.308356, 22.915217 ] }, { "date": "2026-02-27", "close": 24.615, "volume": 7632, "typical_volume": 12652.1, "trend": 22.441387, "fair_value": 21.160651, "relative_strength": -1.410837, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.90536, "energy": 57.37884, "activity_lines": [ 24.217, 24.001455, 23.461182, 23.06388 ] }, { "date": "2026-03-06", "close": 25.565001, "volume": 13244, "typical_volume": 12627.75, "trend": 22.606387, "fair_value": 21.191901, "relative_strength": 9.491595, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.267394, "energy": 65.01951, "activity_lines": [ 24.683, 24.342182, 23.689936, 23.265404 ] }, { "date": "2026-03-13", "close": 27.165001, "volume": 51993, "typical_volume": 14847.6, "trend": 22.830387, "fair_value": 21.236228, "relative_strength": 15.772766, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.846406, "energy": 93.069734, "activity_lines": [ 25.606334, 24.919, 24.053, 23.559508 ] }, { "date": "2026-03-20", "close": 26.525, "volume": 7624, "typical_volume": 13371.2, "trend": 23.02572, "fair_value": 21.276901, "relative_strength": 16.784636, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.539837, "energy": 90.380416, "activity_lines": [ 26.099, 25.293182, 24.347881, 23.79787 ] }, { "date": "2026-03-27", "close": 26.715, "volume": 12152, "typical_volume": 13469.5, "trend": 23.22172, "fair_value": 21.316997, "relative_strength": 16.041522, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.359674, "energy": 89.267465, "activity_lines": [ 26.461, 25.644182, 24.640048, 24.035888 ] }, { "date": "2026-04-03", "close": 26.27, "volume": 7873, "typical_volume": 13673.95, "trend": 23.404553, "fair_value": 21.353888, "relative_strength": 8.645812, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.67061, "energy": 84.636733, "activity_lines": [ 26.512, 25.857, 24.867953, 24.232551 ] }, { "date": "2026-04-10", "close": 26.065001, "volume": 16465, "typical_volume": 13603.7, "trend": 23.568887, "fair_value": 21.389145, "relative_strength": 3.537094, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.797725, "energy": 61.960103, "activity_lines": [ 26.384334, 25.994728, 25.058119, 24.404193 ] }, { "date": "2026-04-17", "close": 25.834999, "volume": 8807, "typical_volume": 13012.35, "trend": 23.731053, "fair_value": 21.424529, "relative_strength": 0.182955, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.800337, "energy": 52.241117, "activity_lines": [ 26.146667, 26.060818, 25.208072, 24.550394 ] }, { "date": "2026-04-24", "close": 26.75, "volume": 11703, "typical_volume": 12127.8, "trend": 23.907553, "fair_value": 21.468299, "relative_strength": 6.376218, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.846937, "energy": 51.864434, "activity_lines": [ 26.302667, 26.258182, 25.429857, 24.745164 ] }, { "date": "2026-05-01", "close": 27.1, "volume": 3556, "typical_volume": 11976.8, "trend": 24.09372, "fair_value": 21.515478, "relative_strength": 6.38552, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.091366, "energy": 55.555004, "activity_lines": [ 26.560333, 26.462182, 25.666429, 24.951129 ] }, { "date": "2026-05-08", "close": 27.115, "volume": 8918, "typical_volume": 12152.0, "trend": 24.278887, "fair_value": 21.563241, "relative_strength": 4.161606, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.398951, "energy": 57.224289, "activity_lines": [ 26.797333, 26.617545, 25.881405, 25.14605 ] }, { "date": "2026-05-15", "close": 27.655001, "volume": 22499, "typical_volume": 13152.5, "trend": 24.475054, "fair_value": 21.613029, "relative_strength": 6.462037, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.674951, "energy": 69.8168, "activity_lines": [ 27.158, 26.825637, 26.124667, 25.363864 ] }, { "date": "2026-05-22", "close": 27.525, "volume": 6653, "typical_volume": 13180.4, "trend": 24.537667, "fair_value": 21.662279, "relative_strength": 5.053256, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.279317, "energy": 72.854078, "activity_lines": [ 27.369334, 26.972091, 26.331238, 25.560635 ] }, { "date": "2026-05-29", "close": 27.040001, "volume": 9847, "typical_volume": 13438.35, "trend": 24.7005, "fair_value": 21.708831, "relative_strength": 2.035624, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.747292, "energy": 54.648583, "activity_lines": [ 27.306334, 27.023818, 26.46731, 25.722075 ] }, { "date": "2026-06-05", "close": 26.915001, "volume": 446, "typical_volume": 12811.9, "trend": 24.860333, "fair_value": 21.75344, "relative_strength": 1.80718, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.07757, "energy": 50.447307, "activity_lines": [ 27.182334, 27.043455, 26.573905, 25.864947 ] }, { "date": "2026-06-12", "close": 26.26, "volume": 1498, "typical_volume": 12458.25, "trend": 24.9875, "fair_value": 21.791997, "relative_strength": -3.651762, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.383127, "energy": 34.531946, "activity_lines": [ 26.852334, 26.940364, 26.602167, 25.955248 ] }, { "date": "2026-06-19", "close": 26.055, "volume": 601, "typical_volume": 11142.75, "trend": 25.115334, "fair_value": 21.831722, "relative_strength": -6.63513, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.513214, "energy": 24.135471, "activity_lines": [ 26.511, 26.800182, 26.601048, 26.024119 ] }, { "date": "2026-06-26", "close": 25.555, "volume": 771, "typical_volume": 10069.7, "trend": 25.213167, "fair_value": 21.869472, "relative_strength": -5.522122, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.422158, "energy": 20.570372, "activity_lines": [ 26.109667, 26.569273, 26.544548, 26.052484 ] }, { "date": "2026-07-03", "close": 25.545, "volume": 3269, "typical_volume": 9904.1, "trend": 25.302833, "fair_value": 21.906645, "relative_strength": -8.209104, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.837315, "energy": 28.529189, "activity_lines": [ 25.836333, 26.341637, 26.479238, 26.073893 ] }, { "date": "2026-07-10", "close": 26.184999, "volume": 6629, "typical_volume": 10109.0, "trend": 25.4335, "fair_value": 21.948087, "relative_strength": -5.444714, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.860084, "energy": 24.121848, "activity_lines": [ 25.876, 26.252273, 26.465691, 26.130807 ] }, { "date": "2026-07-17", "close": 26.785, "volume": 4864, "typical_volume": 9970.6, "trend": 25.5845, "fair_value": 21.990555, "relative_strength": -1.871351, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.0924, "energy": 19.47408, "activity_lines": [ 26.164333, 26.288636, 26.500191, 26.218 ] }, { "date": "2026-07-24", "close": 27.5, "volume": 2879, "typical_volume": 9452.35, "trend": 25.7495, "fair_value": 22.034914, "relative_strength": 0.836254, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.98228, "energy": 32.775923, "activity_lines": [ 26.656, 26.461, 26.592452, 26.341581 ] }, { "date": "2026-07-31", "close": 26.695, "volume": 5219, "typical_volume": 7113.65, "trend": 25.892, "fair_value": 22.075555, "relative_strength": -2.788646, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.838033, "energy": 33.355828, "activity_lines": [ 26.783, 26.489818, 26.598833, 26.402581 ] }, { "date": "2026-08-07", "close": 26.809999, "volume": 45926, "typical_volume": 9028.75, "trend": 26.007334, "fair_value": 22.11642, "relative_strength": -5.189343, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.402767, "energy": 37.519943, "activity_lines": [ 26.872333, 26.554636, 26.618405, 26.461807 ] } ], "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." } } }