{ "ticker": { "uuid": "c50784bd-088d-4d33-8034-677f0da0883c", "symbol": "JOF", "name": "Japan Smaller Capitalization Fund Inc", "exchange": "NYSE", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 74.146, "architecture_energy": 38.488, "architecture_maturity": 35.944, "architecture_confidence": 74.465, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 31.76, "rotation_up": 49.83, "upward_expansion": 74.59, "deceleration": 60.75, "rotation_down": 23.87, "downward_expansion": 5.93 }, "activity_lines": [ 11.676919, 11.584138, 11.483653, 11.360499 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 12.37, "trend_reference": 11.255724, "distance_from_trend": 0.098996, "trend_direction": "Improving", "fair_value": 8.229465, "distance_from_fair_value": 0.503135, "fair_value_direction": "Improving", "relative_strength": 3.159932, "relative_strength_direction": "Improving", "price_momentum": 0.103555, "excess_performance": -0.02207, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.098996, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.042761, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.503135, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.019374, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.031599, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.003566, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.103555, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.533261, "read": "Demand-led" } ], "volume": { "latest": 568389, "relative_activity": 1.301088, "balance": 1.533261, "dry_up": 1.119199, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.038828, "annualized_volatility": 0.264975, "from_high_reference": -0.004026, "from_low_reference": 0.337022 }, "levels": { "trend_reference": 11.255724, "fair_value_reference": 8.229465, "structural_low": 10.180598, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 29, "median_return": 0.019973, "positive_rate": 0.586207, "directional_follow_through": 0.586207, "median_excess_return": -0.002175, "regime_survival": 0.827586, "best_return": 0.112367, "worst_return": -0.135274, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.044478, "positive_rate": 0.727273, "directional_follow_through": 0.727273, "median_excess_return": -0.02182, "regime_survival": 0.545455, "best_return": 0.187539, "worst_return": -0.03934, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.072512, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.034391, "regime_survival": 0.5, "best_return": 0.422142, "worst_return": -0.023499, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.148711, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.088572, "regime_survival": 0.666667, "best_return": 0.658041, "worst_return": 0.035796, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-05", "end": "2024-04-19", "tenure": "Established", "return": 0.005326, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-06-21", "tenure": "Developing", "return": -0.011827, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-28", "end": "2024-07-12", "tenure": "New", "return": 0.027705, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-19", "end": "2024-09-13", "tenure": "Developing", "return": 0.02584, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-20", "end": "2024-09-27", "tenure": "New", "return": 0.009938, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2024-10-25", "tenure": "New", "return": -0.079044, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-01", "end": "2024-11-15", "tenure": "New", "return": -0.009198, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-22", "end": "2024-11-29", "tenure": "New", "return": 0.036591, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-06", "end": "2025-02-07", "tenure": "Developing", "return": 0.024419, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-10-10", "tenure": "Extended", "return": 0.290549, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-17", "end": "2025-11-28", "tenure": "Developing", "return": 0.051469, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-05", "end": "2026-03-13", "tenure": "Established", "return": 0.033149, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-05-15", "tenure": "Developing", "return": 0.130365, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-22", "end": "2026-08-07", "tenure": "Developing", "return": 0.083849, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 5.992157, "volume": 161696, "typical_volume": 202041.05, "trend": 5.951002, "fair_value": 6.224934, "relative_strength": -1.585793, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.219547, "energy": 15.629275, "activity_lines": [ 6.09754, 6.112954, 6.102789, 6.038504 ] }, { "date": "2023-08-25", "close": 6.126624, "volume": 80008, "typical_volume": 196476.45, "trend": 5.963048, "fair_value": 6.225876, "relative_strength": -0.247109, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.862118, "energy": 16.283416, "activity_lines": [ 6.097489, 6.11294, 6.110069, 6.049834 ] }, { "date": "2023-09-01", "close": 6.26109, "volume": 109873, "typical_volume": 198199.3, "trend": 5.979016, "fair_value": 6.227488, "relative_strength": -0.642472, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.317402, "energy": 25.715931, "activity_lines": [ 6.142872, 6.139972, 6.128275, 6.069063 ] }, { "date": "2023-09-08", "close": 6.185453, "volume": 73595, "typical_volume": 197565.2, "trend": 5.991342, "fair_value": 6.227276, "relative_strength": -0.732114, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.948676, "energy": 24.796979, "activity_lines": [ 6.164162, 6.150349, 6.137076, 6.082381 ] }, { "date": "2023-09-15", "close": 6.185453, "volume": 182937, "typical_volume": 198430.45, "trend": 6.00731, "fair_value": 6.226106, "relative_strength": -0.694142, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.010012, "energy": 35.445374, "activity_lines": [ 6.17985, 6.158281, 6.144396, 6.094904 ] }, { "date": "2023-09-22", "close": 6.109815, "volume": 133396, "typical_volume": 192289.45, "trend": 6.023278, "fair_value": 6.22383, "relative_strength": 0.956212, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.576136, "energy": 29.896725, "activity_lines": [ 6.166403, 6.150933, 6.142911, 6.101518 ] }, { "date": "2023-09-29", "close": 5.975349, "volume": 255970, "typical_volume": 196772.6, "trend": 6.029441, "fair_value": 6.220452, "relative_strength": -0.596328, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.357142, "energy": 4.754827, "activity_lines": [ 6.100291, 6.119136, 6.1279, 6.098425 ] }, { "date": "2023-10-06", "close": 5.882903, "volume": 265533, "typical_volume": 188683.75, "trend": 6.030281, "fair_value": 6.217343, "relative_strength": -2.573016, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.104539, "energy": 28.942424, "activity_lines": [ 6.013448, 6.073448, 6.104285, 6.088971 ] }, { "date": "2023-10-13", "close": 5.857691, "volume": 137127, "typical_volume": 173862.15, "trend": 6.037845, "fair_value": 6.215173, "relative_strength": -3.449222, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.480977, "energy": 46.200021, "activity_lines": [ 5.943413, 6.030358, 6.079269, 6.077837 ] }, { "date": "2023-10-20", "close": 5.664395, "volume": 349933, "typical_volume": 180574.5, "trend": 6.035324, "fair_value": 6.21186, "relative_strength": -4.405668, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.816625, "energy": 70.168715, "activity_lines": [ 5.830797, 5.956554, 6.037005, 6.053743 ] }, { "date": "2023-10-27", "close": 5.664395, "volume": 260238, "typical_volume": 186426.15, "trend": 6.030561, "fair_value": 6.20869, "relative_strength": -2.122538, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -77.738044, "energy": 83.537193, "activity_lines": [ 5.752919, 5.891155, 5.996941, 6.029812 ] }, { "date": "2023-11-03", "close": 6.000561, "volume": 248132, "typical_volume": 183830.35, "trend": 6.039526, "fair_value": 6.206575, "relative_strength": -2.124823, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.768308, "energy": 68.286725, "activity_lines": [ 5.81679, 5.892835, 5.991375, 6.027877 ] }, { "date": "2023-11-10", "close": 5.882903, "volume": 153053, "typical_volume": 186115.4, "trend": 6.042327, "fair_value": 6.201313, "relative_strength": -5.368117, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.988898, "energy": 50.441786, "activity_lines": [ 5.839762, 5.875416, 5.975883, 6.017772 ] }, { "date": "2023-11-17", "close": 6.008966, "volume": 205117, "typical_volume": 179697.0, "trend": 6.046809, "fair_value": 6.196475, "relative_strength": -5.505996, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.119694, "energy": 24.27473, "activity_lines": [ 5.904754, 5.887793, 5.973439, 6.01562 ] }, { "date": "2023-11-24", "close": 6.034178, "volume": 213743, "typical_volume": 182491.45, "trend": 6.052972, "fair_value": 6.189551, "relative_strength": -6.022644, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.326922, "energy": 22.547109, "activity_lines": [ 5.968065, 5.907963, 5.973595, 6.014805 ] }, { "date": "2023-12-01", "close": 6.177048, "volume": 180173, "typical_volume": 184952.9, "trend": 6.060256, "fair_value": 6.18225, "relative_strength": -4.598974, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -4.892089, "energy": 18.092369, "activity_lines": [ 6.054348, 5.95686, 5.987679, 6.02281 ] }, { "date": "2023-12-08", "close": 6.244282, "volume": 188027, "typical_volume": 186137.45, "trend": 6.06782, "fair_value": 6.176002, "relative_strength": -3.733236, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 30.644451, "energy": 32.867176, "activity_lines": [ 6.128865, 6.016758, 6.007845, 6.034682 ] }, { "date": "2023-12-15", "close": 6.345131, "volume": 163701, "typical_volume": 189829.25, "trend": 6.076224, "fair_value": 6.171849, "relative_strength": -4.382265, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.147221, "energy": 52.290223, "activity_lines": [ 6.22075, 6.090104, 6.037099, 6.052573 ] }, { "date": "2023-12-22", "close": 6.445566, "volume": 303667, "typical_volume": 194641.45, "trend": 6.087696, "fair_value": 6.169283, "relative_strength": -3.654423, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.359869, "energy": 65.370702, "activity_lines": [ 6.315298, 6.173306, 6.075599, 6.076402 ] }, { "date": "2023-12-29", "close": 6.61106, "volume": 156221, "typical_volume": 191107.0, "trend": 6.103844, "fair_value": 6.166785, "relative_strength": -1.45211, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 85.60665, "energy": 86.043388, "activity_lines": [ 6.435905, 6.275909, 6.128221, 6.110167 ] }, { "date": "2024-01-05", "close": 6.541379, "volume": 84236, "typical_volume": 187234.0, "trend": 6.115708, "fair_value": 6.16379, "relative_strength": -0.905723, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.955773, "energy": 84.741738, "activity_lines": [ 6.494825, 6.348631, 6.1719, 6.138395 ] }, { "date": "2024-01-12", "close": 6.783349, "volume": 517957, "typical_volume": 209131.45, "trend": 6.132836, "fair_value": 6.161702, "relative_strength": 0.907965, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.196091, "energy": 91.023964, "activity_lines": [ 6.610114, 6.449402, 6.236008, 6.181469 ] }, { "date": "2024-01-19", "close": 6.59364, "volume": 138821, "typical_volume": 210578.85, "trend": 6.149244, "fair_value": 6.158546, "relative_strength": -2.943705, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.776204, "energy": 81.224586, "activity_lines": [ 6.626228, 6.501448, 6.278921, 6.211198 ] }, { "date": "2024-01-26", "close": 6.567509, "volume": 182068, "typical_volume": 216002.5, "trend": 6.166461, "fair_value": 6.157506, "relative_strength": -4.19117, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.082687, "energy": 63.879266, "activity_lines": [ 6.617065, 6.535821, 6.317763, 6.238183 ] }, { "date": "2024-02-02", "close": 6.672032, "volume": 269562, "typical_volume": 220333.75, "trend": 6.185482, "fair_value": 6.155448, "relative_strength": -3.935544, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.467409, "energy": 59.32407, "activity_lines": [ 6.634613, 6.579042, 6.364739, 6.2708 ] }, { "date": "2024-02-09", "close": 6.689452, "volume": 134576, "typical_volume": 220392.75, "trend": 6.204803, "fair_value": 6.151864, "relative_strength": -4.854704, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.809939, "energy": 55.441071, "activity_lines": [ 6.653903, 6.613833, 6.411058, 6.303315 ] }, { "date": "2024-02-16", "close": 6.619771, "volume": 212037, "typical_volume": 218196.1, "trend": 6.220936, "fair_value": 6.148702, "relative_strength": -5.40096, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.991292, "energy": 49.758045, "activity_lines": [ 6.640094, 6.626639, 6.44798, 6.330087 ] }, { "date": "2024-02-23", "close": 6.695985, "volume": 162100, "typical_volume": 213024.45, "trend": 6.234872, "fair_value": 6.146997, "relative_strength": -5.72302, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.114816, "energy": 51.213588, "activity_lines": [ 6.662596, 6.646475, 6.489092, 6.360735 ] }, { "date": "2024-03-01", "close": 6.907208, "volume": 147097, "typical_volume": 213522.95, "trend": 6.261732, "fair_value": 6.146546, "relative_strength": -3.554374, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.259562, "energy": 59.812509, "activity_lines": [ 6.748682, 6.698335, 6.546448, 6.404112 ] }, { "date": "2024-03-08", "close": 6.915918, "volume": 222135, "typical_volume": 207133.05, "trend": 6.288042, "fair_value": 6.145108, "relative_strength": -2.966126, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.02102, "energy": 63.211666, "activity_lines": [ 6.815025, 6.743386, 6.599636, 6.446317 ] }, { "date": "2024-03-15", "close": 6.863657, "volume": 206298, "typical_volume": 204436.05, "trend": 6.317092, "fair_value": 6.141673, "relative_strength": -3.48627, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.973327, "energy": 68.092601, "activity_lines": [ 6.847688, 6.773392, 6.641888, 6.483454 ] }, { "date": "2024-03-22", "close": 6.959469, "volume": 244891, "typical_volume": 204274.0, "trend": 6.344854, "fair_value": 6.139571, "relative_strength": -4.095474, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.932269, "energy": 77.106265, "activity_lines": [ 6.900675, 6.814959, 6.687554, 6.524897 ] }, { "date": "2024-03-29", "close": 6.950759, "volume": 174763, "typical_volume": 205359.5, "trend": 6.367843, "fair_value": 6.137761, "relative_strength": -4.410417, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.991227, "energy": 74.427274, "activity_lines": [ 6.928112, 6.85174, 6.727823, 6.563988 ] }, { "date": "2024-04-05", "close": 6.863657, "volume": 285747, "typical_volume": 209391.0, "trend": 6.390449, "fair_value": 6.135145, "relative_strength": -4.635235, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.790716, "energy": 55.084762, "activity_lines": [ 6.909531, 6.866191, 6.754713, 6.595976 ] }, { "date": "2024-04-12", "close": 6.689452, "volume": 437151, "typical_volume": 220561.4, "trend": 6.407249, "fair_value": 6.131015, "relative_strength": -5.523535, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.616957, "energy": 41.32412, "activity_lines": [ 6.835784, 6.843584, 6.760941, 6.615266 ] }, { "date": "2024-04-19", "close": 6.57622, "volume": 318158, "typical_volume": 227460.65, "trend": 6.422796, "fair_value": 6.126457, "relative_strength": -4.022864, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.114297, "energy": 19.613724, "activity_lines": [ 6.739391, 6.800072, 6.753266, 6.626168 ] }, { "date": "2024-04-26", "close": 6.628481, "volume": 166789, "typical_volume": 226398.75, "trend": 6.444567, "fair_value": 6.123772, "relative_strength": -5.592612, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.826661, "energy": 24.74759, "activity_lines": [ 6.679581, 6.768122, 6.748666, 6.639438 ] }, { "date": "2024-05-03", "close": 6.846237, "volume": 161149, "typical_volume": 226271.15, "trend": 6.476678, "fair_value": 6.121789, "relative_strength": -2.89863, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.402716, "energy": 26.513288, "activity_lines": [ 6.714422, 6.775605, 6.762976, 6.665352 ] }, { "date": "2024-05-10", "close": 6.80704, "volume": 202753, "typical_volume": 221225.45, "trend": 6.508323, "fair_value": 6.120994, "relative_strength": -4.991154, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.998878, "energy": 19.47561, "activity_lines": [ 6.743166, 6.773229, 6.771166, 6.686666 ] }, { "date": "2024-05-17", "close": 6.785265, "volume": 285835, "typical_volume": 227706.15, "trend": 6.545686, "fair_value": 6.119414, "relative_strength": -6.58034, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.727404, "energy": 16.949005, "activity_lines": [ 6.768425, 6.768716, 6.775562, 6.704533 ] }, { "date": "2024-05-24", "close": 6.741714, "volume": 139595, "typical_volume": 230474.1, "trend": 6.581596, "fair_value": 6.117207, "relative_strength": -6.916649, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.062958, "energy": 22.580597, "activity_lines": [ 6.77278, 6.758659, 6.77498, 6.71718 ] }, { "date": "2024-05-31", "close": 6.793975, "volume": 193469, "typical_volume": 214249.7, "trend": 6.608043, "fair_value": 6.114641, "relative_strength": -5.608862, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.021575, "energy": 21.406272, "activity_lines": [ 6.783523, 6.760322, 6.778421, 6.730882 ] }, { "date": "2024-06-07", "close": 6.689452, "volume": 250353, "typical_volume": 219826.3, "trend": 6.634928, "fair_value": 6.111503, "relative_strength": -7.94806, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.341539, "energy": 11.618637, "activity_lines": [ 6.748391, 6.74599, 6.771857, 6.736134 ] }, { "date": "2024-06-14", "close": 6.59364, "volume": 143309, "typical_volume": 217888.35, "trend": 6.654418, "fair_value": 6.108893, "relative_strength": -10.44494, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.206482, "energy": 8.321703, "activity_lines": [ 6.691775, 6.718988, 6.755712, 6.73347 ] }, { "date": "2024-06-21", "close": 6.550089, "volume": 245227, "typical_volume": 216671.6, "trend": 6.671615, "fair_value": 6.106005, "relative_strength": -11.322337, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.161809, "energy": 33.638528, "activity_lines": [ 6.634868, 6.688977, 6.735295, 6.726739 ] }, { "date": "2024-06-28", "close": 6.60235, "volume": 328126, "typical_volume": 226349.1, "trend": 6.685791, "fair_value": 6.103649, "relative_strength": -10.349759, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.067663, "energy": 41.21288, "activity_lines": [ 6.61106, 6.671003, 6.720436, 6.72227 ] }, { "date": "2024-07-05", "close": 6.59364, "volume": 310962, "typical_volume": 231295.35, "trend": 6.697437, "fair_value": 6.101238, "relative_strength": -11.872005, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.096559, "energy": 46.738233, "activity_lines": [ 6.59364, 6.650969, 6.705162, 6.716325 ] }, { "date": "2024-07-12", "close": 6.785265, "volume": 262980, "typical_volume": 236339.35, "trend": 6.712108, "fair_value": 6.10075, "relative_strength": -9.96242, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -12.915065, "energy": 17.022832, "activity_lines": [ 6.65345, 6.66641, 6.708262, 6.721992 ] }, { "date": "2024-07-19", "close": 6.741714, "volume": 187709, "typical_volume": 238369.95, "trend": 6.721979, "fair_value": 6.099735, "relative_strength": -8.554441, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.887744, "energy": 4.090628, "activity_lines": [ 6.692356, 6.675041, 6.70679, 6.723902 ] }, { "date": "2024-07-26", "close": 6.820106, "volume": 253912, "typical_volume": 239958.8, "trend": 6.728948, "fair_value": 6.09947, "relative_strength": -6.529807, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.915594, "energy": 16.016066, "activity_lines": [ 6.747521, 6.699113, 6.713571, 6.730232 ] }, { "date": "2024-08-02", "close": 6.515248, "volume": 358557, "typical_volume": 247571.75, "trend": 6.728076, "fair_value": 6.097003, "relative_strength": -8.561531, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.568761, "energy": 21.910239, "activity_lines": [ 6.683065, 6.667123, 6.691775, 6.716445 ] }, { "date": "2024-08-09", "close": 6.436856, "volume": 741736, "typical_volume": 272414.0, "trend": 6.716527, "fair_value": 6.09319, "relative_strength": -9.434168, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.599907, "energy": 33.248221, "activity_lines": [ 6.598286, 6.624997, 6.664172, 6.697657 ] }, { "date": "2024-08-16", "close": 6.759134, "volume": 229583, "typical_volume": 275155.0, "trend": 6.722043, "fair_value": 6.092386, "relative_strength": -8.329205, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.045806, "energy": 19.074192, "activity_lines": [ 6.631384, 6.64796, 6.669751, 6.700406 ] }, { "date": "2024-08-23", "close": 6.99431, "volume": 380542, "typical_volume": 279894.75, "trend": 6.73627, "fair_value": 6.092195, "relative_strength": -6.231733, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.909738, "energy": 10.997908, "activity_lines": [ 6.744617, 6.712416, 6.69864, 6.717971 ] }, { "date": "2024-08-30", "close": 6.99431, "volume": 279891, "typical_volume": 272031.75, "trend": 6.747012, "fair_value": 6.090417, "relative_strength": -6.263565, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.722316, "energy": 32.778118, "activity_lines": [ 6.84101, 6.769586, 6.726906, 6.734619 ] }, { "date": "2024-09-06", "close": 6.785265, "volume": 203120, "typical_volume": 266279.85, "trend": 6.750206, "fair_value": 6.086752, "relative_strength": -4.930517, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.469099, "energy": 26.81204, "activity_lines": [ 6.856108, 6.780672, 6.733812, 6.737087 ] }, { "date": "2024-09-13", "close": 6.915918, "volume": 357081, "typical_volume": 275794.45, "trend": 6.760078, "fair_value": 6.084023, "relative_strength": -6.589136, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.729947, "energy": 43.933283, "activity_lines": [ 6.896756, 6.812187, 6.752166, 6.747778 ] }, { "date": "2024-09-20", "close": 7.011731, "volume": 255694, "typical_volume": 280521.7, "trend": 6.770603, "fair_value": 6.082753, "relative_strength": -6.342635, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.862261, "energy": 49.444609, "activity_lines": [ 6.937403, 6.855263, 6.778276, 6.764014 ] }, { "date": "2024-09-27", "close": 7.081413, "volume": 384889, "typical_volume": 289628.5, "trend": 6.776409, "fair_value": 6.08332, "relative_strength": -5.700376, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.769141, "energy": 54.32242, "activity_lines": [ 6.984439, 6.906891, 6.810234, 6.784066 ] }, { "date": "2024-10-04", "close": 7.107543, "volume": 544820, "typical_volume": 302577.75, "trend": 6.782797, "fair_value": 6.084501, "relative_strength": -5.397357, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.860286, "energy": 57.884766, "activity_lines": [ 7.034377, 6.957094, 6.843375, 6.80543 ] }, { "date": "2024-10-11", "close": 6.959469, "volume": 273812, "typical_volume": 309288.6, "trend": 6.785991, "fair_value": 6.084857, "relative_strength": -8.187251, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.977098, "energy": 47.908626, "activity_lines": [ 7.027409, 6.975148, 6.860878, 6.816828 ] }, { "date": "2024-10-18", "close": 6.854947, "volume": 478254, "typical_volume": 323527.85, "trend": 6.782507, "fair_value": 6.084964, "relative_strength": -10.089356, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.204949, "energy": 32.238493, "activity_lines": [ 6.973986, 6.966121, 6.86739, 6.821277 ] }, { "date": "2024-10-25", "close": 6.545734, "volume": 787296, "typical_volume": 350375.0, "trend": 6.769006, "fair_value": 6.083189, "relative_strength": -12.978859, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 10.562239, "energy": 9.947391, "activity_lines": [ 6.821558, 6.893272, 6.844163, 6.806001 ] }, { "date": "2024-11-01", "close": 6.628481, "volume": 453210, "typical_volume": 365870.05, "trend": 6.761167, "fair_value": 6.081746, "relative_strength": -10.327827, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.877076, "energy": 19.849358, "activity_lines": [ 6.727778, 6.839348, 6.8295, 6.796935 ] }, { "date": "2024-11-08", "close": 6.715583, "volume": 309963, "typical_volume": 369106.85, "trend": 6.762038, "fair_value": 6.081705, "relative_strength": -12.97474, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.972827, "energy": 26.763126, "activity_lines": [ 6.693227, 6.807912, 6.822968, 6.793994 ] }, { "date": "2024-11-15", "close": 6.567509, "volume": 208541, "typical_volume": 363127.6, "trend": 6.761747, "fair_value": 6.081609, "relative_strength": -12.787295, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.011832, "energy": 43.224202, "activity_lines": [ 6.635449, 6.754621, 6.801545, 6.781444 ] }, { "date": "2024-11-22", "close": 6.596166, "volume": 285565, "typical_volume": 361857.75, "trend": 6.76067, "fair_value": 6.08383, "relative_strength": -13.537575, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.462438, "energy": 46.851702, "activity_lines": [ 6.613354, 6.7105, 6.783017, 6.770761 ] }, { "date": "2024-11-29", "close": 6.837526, "volume": 241613, "typical_volume": 360789.4, "trend": 6.76038, "fair_value": 6.0875, "relative_strength": -11.115514, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -8.351669, "energy": 14.958887, "activity_lines": [ 6.688965, 6.716076, 6.787464, 6.775719 ] }, { "date": "2024-12-06", "close": 6.9856, "volume": 286488, "typical_volume": 365728.35, "trend": 6.766332, "fair_value": 6.091225, "relative_strength": -9.66904, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.331577, "energy": 11.145519, "activity_lines": [ 6.79448, 6.751742, 6.805764, 6.79025 ] }, { "date": "2024-12-13", "close": 6.96818, "volume": 474766, "typical_volume": 376771.05, "trend": 6.772429, "fair_value": 6.094121, "relative_strength": -9.066777, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.291425, "energy": 29.658833, "activity_lines": [ 6.870381, 6.785982, 6.821244, 6.803272 ] }, { "date": "2024-12-20", "close": 6.829664, "volume": 229293, "typical_volume": 370307.85, "trend": 6.775361, "fair_value": 6.095594, "relative_strength": -8.900297, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 36.81883, "energy": 29.657299, "activity_lines": [ 6.883271, 6.797572, 6.822826, 6.806965 ] }, { "date": "2024-12-27", "close": 6.893154, "volume": 217252, "typical_volume": 344083.65, "trend": 6.778667, "fair_value": 6.097688, "relative_strength": -8.301957, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.708257, "energy": 29.178398, "activity_lines": [ 6.899846, 6.823066, 6.828958, 6.814564 ] }, { "date": "2025-01-03", "close": 7.065483, "volume": 234748, "typical_volume": 344341.9, "trend": 6.791201, "fair_value": 6.100887, "relative_strength": -5.202872, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 63.633658, "energy": 49.222354, "activity_lines": [ 6.954066, 6.879197, 6.84933, 6.833069 ] }, { "date": "2025-01-10", "close": 6.811525, "volume": 193117, "typical_volume": 334970.65, "trend": 6.798464, "fair_value": 6.102351, "relative_strength": -6.42315, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 43.072101, "energy": 23.40453, "activity_lines": [ 6.908435, 6.879705, 6.844056, 6.83438 ] }, { "date": "2025-01-17", "close": 6.829664, "volume": 237694, "typical_volume": 332860.8, "trend": 6.807783, "fair_value": 6.105643, "relative_strength": -8.5186, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 40.252303, "energy": 19.623923, "activity_lines": [ 6.880456, 6.880182, 6.84138, 6.836393 ] }, { "date": "2025-01-24", "close": 7.047343, "volume": 367032, "typical_volume": 341056.4, "trend": 6.822616, "fair_value": 6.110758, "relative_strength": -6.921576, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.097866, "energy": 28.541257, "activity_lines": [ 6.934271, 6.918163, 6.86022, 6.851848 ] }, { "date": "2025-01-31", "close": 6.965714, "volume": 283879, "typical_volume": 337396.3, "trend": 6.835019, "fair_value": 6.113852, "relative_strength": -6.75788, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.120389, "energy": 22.325829, "activity_lines": [ 6.946364, 6.932578, 6.870037, 6.86108 ] }, { "date": "2025-02-07", "close": 7.156182, "volume": 269188, "typical_volume": 338071.0, "trend": 6.847382, "fair_value": 6.118381, "relative_strength": -3.801498, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 62.604109, "energy": 45.044474, "activity_lines": [ 7.01711, 6.974905, 6.897757, 6.881801 ] }, { "date": "2025-02-14", "close": 7.183392, "volume": 262322, "typical_volume": 331942.65, "trend": 6.862105, "fair_value": 6.123084, "relative_strength": -4.607006, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.027455, "energy": 59.782834, "activity_lines": [ 7.090879, 7.016385, 6.927381, 6.903479 ] }, { "date": "2025-02-21", "close": 7.219672, "volume": 196415, "typical_volume": 314522.4, "trend": 6.875424, "fair_value": 6.128502, "relative_strength": -2.364837, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.153626, "energy": 63.152432, "activity_lines": [ 7.15195, 7.060865, 6.959974, 6.926548 ] }, { "date": "2025-02-28", "close": 7.174322, "volume": 312487, "typical_volume": 316456.15, "trend": 6.897393, "fair_value": 6.134591, "relative_strength": -1.797564, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.136699, "energy": 63.728776, "activity_lines": [ 7.171903, 7.092528, 6.987714, 6.945831 ] }, { "date": "2025-03-07", "close": 7.44642, "volume": 373959, "typical_volume": 311241.4, "trend": 6.931045, "fair_value": 6.143869, "relative_strength": 5.283528, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.684088, "energy": 74.453188, "activity_lines": [ 7.274091, 7.167396, 7.040346, 6.981252 ] }, { "date": "2025-03-14", "close": 7.609679, "volume": 400442, "typical_volume": 291898.7, "trend": 6.959397, "fair_value": 6.153177, "relative_strength": 10.110421, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.416864, "energy": 80.094915, "activity_lines": [ 7.398652, 7.261888, 7.105709, 7.025035 ] }, { "date": "2025-03-21", "close": 7.645959, "volume": 463773, "typical_volume": 292426.85, "trend": 6.981118, "fair_value": 6.163252, "relative_strength": 10.068904, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.047413, "energy": 83.589463, "activity_lines": [ 7.505072, 7.353082, 7.169461, 7.06933 ] }, { "date": "2025-03-28", "close": 7.600609, "volume": 522062, "typical_volume": 303031.8, "trend": 7.001328, "fair_value": 6.173732, "relative_strength": 11.01598, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.465858, "energy": 83.522281, "activity_lines": [ 7.565539, 7.420859, 7.224049, 7.109297 ] }, { "date": "2025-04-04", "close": 7.029203, "volume": 414648, "typical_volume": 313337.15, "trend": 7.00946, "fair_value": 6.181994, "relative_strength": 12.818061, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.7592, "energy": 44.218203, "activity_lines": [ 7.41014, 7.370727, 7.220002, 7.111095 ] }, { "date": "2025-04-11", "close": 7.355721, "volume": 526441, "typical_volume": 325380.95, "trend": 7.02412, "fair_value": 6.192722, "relative_strength": 11.631958, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.669469, "energy": 31.670014, "activity_lines": [ 7.373256, 7.380292, 7.244855, 7.133435 ] }, { "date": "2025-04-18", "close": 7.600609, "volume": 398336, "typical_volume": 333217.1, "trend": 7.043749, "fair_value": 6.206144, "relative_strength": 16.818389, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.838875, "energy": 32.155958, "activity_lines": [ 7.424048, 7.427291, 7.289413, 7.170627 ] }, { "date": "2025-04-25", "close": 7.963407, "volume": 883815, "typical_volume": 363083.45, "trend": 7.073149, "fair_value": 6.221303, "relative_strength": 16.780648, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.694652, "energy": 45.533635, "activity_lines": [ 7.596377, 7.532172, 7.364889, 7.22996 ] }, { "date": "2025-05-02", "close": 8.190155, "volume": 411526, "typical_volume": 359921.45, "trend": 7.109236, "fair_value": 6.238878, "relative_strength": 16.528552, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.654095, "energy": 75.673315, "activity_lines": [ 7.823125, 7.664099, 7.457304, 7.302025 ] }, { "date": "2025-05-09", "close": 8.126666, "volume": 217243, "typical_volume": 359318.95, "trend": 7.148142, "fair_value": 6.25594, "relative_strength": 15.911645, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.95686, "energy": 83.068927, "activity_lines": [ 7.989407, 7.766836, 7.537854, 7.367666 ] }, { "date": "2025-05-16", "close": 8.108526, "volume": 265691, "typical_volume": 361740.9, "trend": 7.189928, "fair_value": 6.273366, "relative_strength": 9.727651, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.78695, "energy": 82.856902, "activity_lines": [ 8.076479, 7.848961, 7.6105, 7.429626 ] }, { "date": "2025-05-23", "close": 8.344344, "volume": 595444, "typical_volume": 379775.7, "trend": 7.249882, "fair_value": 6.29193, "relative_strength": 15.590637, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.756386, "energy": 85.272598, "activity_lines": [ 8.191969, 7.961923, 7.699817, 7.504104 ] }, { "date": "2025-05-30", "close": 8.534813, "volume": 239924, "typical_volume": 382116.05, "trend": 7.313426, "fair_value": 6.311447, "relative_strength": 15.910488, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.767133, "energy": 82.7924, "activity_lines": [ 8.321367, 8.096158, 7.801184, 7.587003 ] }, { "date": "2025-06-06", "close": 8.643652, "volume": 198163, "typical_volume": 380139.5, "trend": 7.377695, "fair_value": 6.33225, "relative_strength": 15.169681, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.396945, "energy": 81.53498, "activity_lines": [ 8.448951, 8.234021, 7.904711, 7.672824 ] }, { "date": "2025-06-13", "close": 8.752492, "volume": 341625, "typical_volume": 378869.15, "trend": 7.450528, "fair_value": 6.3545, "relative_strength": 16.615648, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.523984, "energy": 84.674495, "activity_lines": [ 8.582581, 8.372708, 8.009966, 7.761521 ] }, { "date": "2025-06-20", "close": 8.616443, "volume": 238449, "typical_volume": 376597.65, "trend": 7.517871, "fair_value": 6.375449, "relative_strength": 14.582198, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.848648, "energy": 75.355182, "activity_lines": [ 8.629141, 8.455327, 8.094144, 7.836741 ] }, { "date": "2025-06-27", "close": 8.834121, "volume": 1059901, "typical_volume": 416133.3, "trend": 7.584424, "fair_value": 6.398222, "relative_strength": 13.177133, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.946161, "energy": 70.112852, "activity_lines": [ 8.714398, 8.554602, 8.191192, 7.92166 ] }, { "date": "2025-07-04", "close": 8.845821, "volume": 213075, "typical_volume": 413670.95, "trend": 7.646431, "fair_value": 6.420803, "relative_strength": 11.081808, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.846989, "energy": 70.541662, "activity_lines": [ 8.770904, 8.633576, 8.281364, 8.003041 ] }, { "date": "2025-07-11", "close": 8.761562, "volume": 150701, "typical_volume": 411385.25, "trend": 7.706211, "fair_value": 6.443485, "relative_strength": 10.031039, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.973208, "energy": 66.045164, "activity_lines": [ 8.778589, 8.681187, 8.355596, 8.074985 ] }, { "date": "2025-07-18", "close": 8.815646, "volume": 242084, "typical_volume": 407865.1, "trend": 7.77241, "fair_value": 6.465177, "relative_strength": 9.744855, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.524578, "energy": 68.462834, "activity_lines": [ 8.796442, 8.728242, 8.427636, 8.146561 ] }, { "date": "2025-07-25", "close": 8.989579, "volume": 334351, "typical_volume": 405884.7, "trend": 7.842291, "fair_value": 6.487502, "relative_strength": 10.001928, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.68031, "energy": 79.696046, "activity_lines": [ 8.868062, 8.794394, 8.508425, 8.225088 ] }, { "date": "2025-08-01", "close": 8.888881, "volume": 342841, "typical_volume": 403004.65, "trend": 7.903071, "fair_value": 6.509877, "relative_strength": 11.140648, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.446816, "energy": 65.563905, "activity_lines": [ 8.88124, 8.826219, 8.572276, 8.29261 ] }, { "date": "2025-08-08", "close": 9.529686, "volume": 522971, "typical_volume": 405964.55, "trend": 7.993676, "fair_value": 6.535398, "relative_strength": 15.789424, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.33992, "energy": 81.911876, "activity_lines": [ 9.10437, 8.964652, 8.691064, 8.397553 ] }, { "date": "2025-08-15", "close": 9.629194, "volume": 453960, "typical_volume": 402559.45, "trend": 8.086994, "fair_value": 6.562411, "relative_strength": 15.410041, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.347266, "energy": 91.778201, "activity_lines": [ 9.315077, 9.10309, 8.810359, 8.503071 ] }, { "date": "2025-08-22", "close": 9.703052, "volume": 201389, "typical_volume": 391896.5, "trend": 8.175517, "fair_value": 6.590433, "relative_strength": 15.540298, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.785457, "energy": 92.443915, "activity_lines": [ 9.492562, 9.237037, 8.927028, 8.607332 ] }, { "date": "2025-08-29", "close": 9.887696, "volume": 291005, "typical_volume": 380124.7, "trend": 8.272917, "fair_value": 6.620388, "relative_strength": 17.306932, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.942796, "energy": 94.114891, "activity_lines": [ 9.672435, 9.387273, 9.048549, 8.717795 ] }, { "date": "2025-09-05", "close": 9.90616, "volume": 245130, "typical_volume": 372464.4, "trend": 8.364583, "fair_value": 6.650889, "relative_strength": 16.683172, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.92462, "energy": 91.651361, "activity_lines": [ 9.798588, 9.517752, 9.159773, 8.823166 ] }, { "date": "2025-09-12", "close": 10.035411, "volume": 283251, "typical_volume": 342436.2, "trend": 8.45965, "fair_value": 6.68286, "relative_strength": 15.900098, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.078107, "energy": 90.53251, "activity_lines": [ 9.900005, 9.65224, 9.272327, 8.930961 ] }, { "date": "2025-09-19", "close": 9.977911, "volume": 168403, "typical_volume": 330280.05, "trend": 8.551591, "fair_value": 6.715318, "relative_strength": 13.409565, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.149194, "energy": 77.623232, "activity_lines": [ 9.948542, 9.754644, 9.369538, 9.028914 ] }, { "date": "2025-09-26", "close": 9.866218, "volume": 102101, "typical_volume": 324522.95, "trend": 8.641321, "fair_value": 6.747221, "relative_strength": 12.073913, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.814086, "energy": 67.131562, "activity_lines": [ 9.936599, 9.814625, 9.447598, 9.113728 ] }, { "date": "2025-10-03", "close": 9.996527, "volume": 185627, "typical_volume": 320519.75, "trend": 8.726325, "fair_value": 6.779424, "relative_strength": 11.914594, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.523214, "energy": 66.747347, "activity_lines": [ 9.957215, 9.879198, 9.529785, 9.201161 ] }, { "date": "2025-10-10", "close": 9.270522, "volume": 265313, "typical_volume": 304013.2, "trend": 8.781686, "fair_value": 6.808524, "relative_strength": 6.047664, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.281837, "energy": 43.522852, "activity_lines": [ 9.728574, 9.793461, 9.533839, 9.23627 ] }, { "date": "2025-10-17", "close": 9.689214, "volume": 314038, "typical_volume": 307718.9, "trend": 8.849795, "fair_value": 6.839881, "relative_strength": 8.517044, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.276569, "energy": 32.03987, "activity_lines": [ 9.681872, 9.776911, 9.573357, 9.294821 ] }, { "date": "2025-10-24", "close": 9.839435, "volume": 451739, "typical_volume": 320397.7, "trend": 8.924422, "fair_value": 6.872093, "relative_strength": 7.63148, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.309265, "energy": 29.842918, "activity_lines": [ 9.708325, 9.784774, 9.621686, 9.358668 ] }, { "date": "2025-10-31", "close": 9.726769, "volume": 411667, "typical_volume": 323899.8, "trend": 9.014341, "fair_value": 6.903156, "relative_strength": 5.271874, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.831012, "energy": 22.093469, "activity_lines": [ 9.706453, 9.768329, 9.653589, 9.410433 ] }, { "date": "2025-11-07", "close": 9.64227, "volume": 519905, "typical_volume": 337972.6, "trend": 9.090559, "fair_value": 6.932072, "relative_strength": 5.631112, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.275604, "energy": 26.334432, "activity_lines": [ 9.685712, 9.73609, 9.672806, 9.450944 ] }, { "date": "2025-11-14", "close": 9.913324, "volume": 180437, "typical_volume": 293999.4, "trend": 9.16765, "fair_value": 6.961977, "relative_strength": 7.925793, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.278663, "energy": 36.449068, "activity_lines": [ 9.778939, 9.757596, 9.712953, 9.504026 ] }, { "date": "2025-11-21", "close": 9.695553, "volume": 321343, "typical_volume": 299412.8, "trend": 9.225388, "fair_value": 6.989951, "relative_strength": 7.093601, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.156137, "energy": 28.012499, "activity_lines": [ 9.756723, 9.739376, 9.727221, 9.538084 ] }, { "date": "2025-11-28", "close": 10.187905, "volume": 145724, "typical_volume": 299163.95, "trend": 9.29198, "fair_value": 7.020813, "relative_strength": 8.003144, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.858284, "energy": 42.722591, "activity_lines": [ 9.898201, 9.816854, 9.784332, 9.600182 ] }, { "date": "2025-12-05", "close": 10.074286, "volume": 209499, "typical_volume": 297534.7, "trend": 9.3569, "fair_value": 7.050627, "relative_strength": 5.988575, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.039556, "energy": 46.514279, "activity_lines": [ 9.978575, 9.869857, 9.823831, 9.650653 ] }, { "date": "2025-12-12", "close": 9.998539, "volume": 236535, "typical_volume": 292643.9, "trend": 9.419901, "fair_value": 7.080383, "relative_strength": 5.360503, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.468037, "energy": 43.937922, "activity_lines": [ 10.010532, 9.905304, 9.850123, 9.692049 ] }, { "date": "2025-12-19", "close": 10.31031, "volume": 162427, "typical_volume": 283623.2, "trend": 9.485433, "fair_value": 7.111726, "relative_strength": 7.999918, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.203655, "energy": 63.404966, "activity_lines": [ 10.122662, 9.9974, 9.901302, 9.749495 ] }, { "date": "2025-12-26", "close": 10.33895, "volume": 141459, "typical_volume": 264547.6, "trend": 9.545571, "fair_value": 7.143092, "relative_strength": 6.300373, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.918586, "energy": 59.768477, "activity_lines": [ 10.217872, 10.075798, 9.94844, 9.804561 ] }, { "date": "2026-01-02", "close": 10.587161, "volume": 344148, "typical_volume": 259057.0, "trend": 9.610355, "fair_value": 7.175887, "relative_strength": 9.47876, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.780573, "energy": 67.698068, "activity_lines": [ 10.352927, 10.187512, 10.015364, 9.87176 ] }, { "date": "2026-01-09", "close": 10.653987, "volume": 427067, "typical_volume": 270340.9, "trend": 9.673738, "fair_value": 7.20771, "relative_strength": 7.929581, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.486601, "energy": 81.784509, "activity_lines": [ 10.483639, 10.297781, 10.08409, 9.939091 ] }, { "date": "2026-01-16", "close": 10.88209, "volume": 621861, "typical_volume": 286883.7, "trend": 9.749259, "fair_value": 7.240672, "relative_strength": 10.004134, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.173421, "energy": 87.687139, "activity_lines": [ 10.651739, 10.432665, 10.170012, 10.017049 ] }, { "date": "2026-01-23", "close": 10.987928, "volume": 295193, "typical_volume": 289386.85, "trend": 9.821053, "fair_value": 7.274151, "relative_strength": 10.837472, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.226237, "energy": 90.984958, "activity_lines": [ 10.796216, 10.56425, 10.261279, 10.096964 ] }, { "date": "2026-01-30", "close": 11.026414, "volume": 408406, "typical_volume": 295644.6, "trend": 9.893739, "fair_value": 7.307769, "relative_strength": 10.162993, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.550683, "energy": 89.895162, "activity_lines": [ 10.908346, 10.683294, 10.35106, 10.174729 ] }, { "date": "2026-02-06", "close": 11.209226, "volume": 410039, "typical_volume": 307726.4, "trend": 9.975328, "fair_value": 7.342343, "relative_strength": 11.588294, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.947925, "energy": 89.658614, "activity_lines": [ 11.035582, 10.811379, 10.453532, 10.259599 ] }, { "date": "2026-02-13", "close": 11.910356, "volume": 1079001, "typical_volume": 356571.4, "trend": 10.078485, "fair_value": 7.382112, "relative_strength": 19.235703, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.748368, "energy": 95.419602, "activity_lines": [ 11.355058, 11.048373, 10.616916, 10.384439 ] }, { "date": "2026-02-20", "close": 11.978193, "volume": 411837, "typical_volume": 367881.9, "trend": 10.178106, "fair_value": 7.4228, "relative_strength": 17.775323, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.015009, "energy": 93.471172, "activity_lines": [ 11.613388, 11.264318, 10.777025, 10.507001 ] }, { "date": "2026-02-27", "close": 11.987884, "volume": 752200, "typical_volume": 392226.25, "trend": 10.281406, "fair_value": 7.462527, "relative_strength": 17.654987, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.131186, "energy": 91.747267, "activity_lines": [ 11.801875, 11.446031, 10.928622, 10.623761 ] }, { "date": "2026-03-06", "close": 10.766806, "volume": 603002, "typical_volume": 406674.45, "trend": 10.322643, "fair_value": 7.493996, "relative_strength": 7.401951, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.369759, "energy": 61.786385, "activity_lines": [ 11.516672, 11.375229, 10.950985, 10.655077 ] }, { "date": "2026-03-13", "close": 10.408236, "volume": 502519, "typical_volume": 409213.45, "trend": 10.348611, "fair_value": 7.524621, "relative_strength": 5.130758, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.861304, "energy": 30.088392, "activity_lines": [ 11.129253, 11.231453, 10.934068, 10.660599 ] }, { "date": "2026-03-20", "close": 10.219679, "volume": 724956, "typical_volume": 424877.9, "trend": 10.365832, "fair_value": 7.553336, "relative_strength": 4.843605, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.194862, "energy": 21.5274, "activity_lines": [ 10.732381, 11.056647, 10.896484, 10.652281 ] }, { "date": "2026-03-27", "close": 10.366233, "volume": 325062, "typical_volume": 415135.75, "trend": 10.381783, "fair_value": 7.58256, "relative_strength": 8.427013, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.380766, "energy": 29.698196, "activity_lines": [ 10.497072, 10.916384, 10.870511, 10.652307 ] }, { "date": "2026-04-03", "close": 10.757043, "volume": 443091, "typical_volume": 428268.45, "trend": 10.410146, "fair_value": 7.614775, "relative_strength": 8.462529, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.46614, "energy": 25.305501, "activity_lines": [ 10.499497, 10.856556, 10.87831, 10.676517 ] }, { "date": "2026-04-10", "close": 10.747273, "volume": 820550, "typical_volume": 453228.8, "trend": 10.433875, "fair_value": 7.646495, "relative_strength": 4.34551, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.036268, "energy": 18.587134, "activity_lines": [ 10.580722, 10.79915, 10.88116, 10.698267 ] }, { "date": "2026-04-17", "close": 11.070635, "volume": 1101403, "typical_volume": 501012.75, "trend": 10.470299, "fair_value": 7.679804, "relative_strength": 2.713016, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.18097, "energy": 11.173446, "activity_lines": [ 10.771036, 10.805612, 10.9098, 10.739349 ] }, { "date": "2026-04-24", "close": 10.814552, "volume": 331147, "typical_volume": 507095.15, "trend": 10.50191, "fair_value": 7.711632, "relative_strength": -0.262644, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.644189, "energy": 15.997898, "activity_lines": [ 10.831829, 10.768033, 10.909846, 10.761559 ] }, { "date": "2026-05-01", "close": 11.070635, "volume": 552139, "typical_volume": 522875.35, "trend": 10.537714, "fair_value": 7.744402, "relative_strength": 1.053058, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.414279, "energy": 22.418809, "activity_lines": [ 10.938325, 10.796939, 10.930757, 10.798251 ] }, { "date": "2026-05-08", "close": 11.543402, "volume": 328467, "typical_volume": 531177.35, "trend": 10.613476, "fair_value": 7.779826, "relative_strength": 2.803358, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 54.761843, "energy": 35.253781, "activity_lines": [ 11.15545, 10.928304, 10.991587, 10.863134 ] }, { "date": "2026-05-15", "close": 11.551971, "volume": 236321, "typical_volume": 535920.45, "trend": 10.675568, "fair_value": 7.814819, "relative_strength": 2.427708, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 63.923764, "energy": 56.842995, "activity_lines": [ 11.323007, 11.069307, 11.047362, 10.923682 ] }, { "date": "2026-05-22", "close": 11.41303, "volume": 209090, "typical_volume": 529167.55, "trend": 10.728021, "fair_value": 7.848868, "relative_strength": 0.225187, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.776553, "energy": 59.174131, "activity_lines": [ 11.390604, 11.170774, 11.084129, 10.97126 ] }, { "date": "2026-05-29", "close": 11.710761, "volume": 254608, "typical_volume": 520544.6, "trend": 10.794154, "fair_value": 7.884663, "relative_strength": 1.259802, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.064029, "energy": 67.504551, "activity_lines": [ 11.534618, 11.308104, 11.145317, 11.034662 ] }, { "date": "2026-06-05", "close": 11.343559, "volume": 363363, "typical_volume": 507619.7, "trend": 10.850864, "fair_value": 7.917728, "relative_strength": 0.502558, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.36256, "energy": 57.06456, "activity_lines": [ 11.496485, 11.351559, 11.166502, 11.070108 ] }, { "date": "2026-06-12", "close": 11.339105, "volume": 513907, "typical_volume": 518555.4, "trend": 10.89839, "fair_value": 7.950226, "relative_strength": -0.163216, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.763927, "energy": 38.710589, "activity_lines": [ 11.438672, 11.376436, 11.185066, 11.101607 ] }, { "date": "2026-06-19", "close": 11.752806, "volume": 383258, "typical_volume": 517298.0, "trend": 10.966965, "fair_value": 7.986453, "relative_strength": 2.387961, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.369085, "energy": 46.667829, "activity_lines": [ 11.532379, 11.465947, 11.241357, 11.156731 ] }, { "date": "2026-06-26", "close": 11.375922, "volume": 367145, "typical_volume": 515153.3, "trend": 11.006566, "fair_value": 8.020587, "relative_strength": 1.380759, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.794258, "energy": 30.298456, "activity_lines": [ 11.487069, 11.468652, 11.258295, 11.183115 ] }, { "date": "2026-07-03", "close": 11.5842, "volume": 338436, "typical_volume": 478125.05, "trend": 11.056896, "fair_value": 8.055733, "relative_strength": 0.890393, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.251268, "energy": 33.037008, "activity_lines": [ 11.513658, 11.503675, 11.294276, 11.220382 ] }, { "date": "2026-07-10", "close": 11.63379, "volume": 213429, "typical_volume": 468204.65, "trend": 11.111405, "fair_value": 8.091143, "relative_strength": -0.192682, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.574554, "energy": 36.346823, "activity_lines": [ 11.565216, 11.53372, 11.336532, 11.257601 ] }, { "date": "2026-07-17", "close": 11.22, "volume": 455211, "typical_volume": 453355.2, "trend": 11.141728, "fair_value": 8.123734, "relative_strength": -2.341223, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.844383, "energy": 19.132818, "activity_lines": [ 11.459494, 11.478292, 11.34102, 11.264607 ] }, { "date": "2026-07-24", "close": 11.29, "volume": 581859, "typical_volume": 452298.05, "trend": 11.173429, "fair_value": 8.155863, "relative_strength": -1.276512, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.126062, "energy": 16.35471, "activity_lines": [ 11.385046, 11.441471, 11.355831, 11.274173 ] }, { "date": "2026-07-31", "close": 11.34, "volume": 350259, "typical_volume": 444685.05, "trend": 11.198524, "fair_value": 8.189444, "relative_strength": -2.002752, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.981109, "energy": 14.94011, "activity_lines": [ 11.358119, 11.418505, 11.372913, 11.28492 ] }, { "date": "2026-08-07", "close": 12.37, "volume": 568389, "typical_volume": 436856.7, "trend": 11.255724, "fair_value": 8.229465, "relative_strength": 3.159932, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.145753, "energy": 38.487607, "activity_lines": [ 11.676919, 11.584138, 11.483653, 11.360499 ] } ], "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." } } }