{ "ticker": { "uuid": "cafad9e9-d67d-4a04-a233-d377c89769b5", "symbol": "PEH", "name": "Invesco RAFI Emerging Markets Fundamental Value 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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 72.214, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 36.621, "architecture_energy": 22.447, "architecture_maturity": 66.11, "architecture_confidence": 79.092, "architecture_tenure": "New", "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": 44.11, "rotation_up": 23.84, "upward_expansion": 55.81, "deceleration": 91.08, "rotation_down": 29.35, "downward_expansion": 19.48 }, "activity_lines": [ 11.359333, 11.442491, 11.362486, 11.10564 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 11.482, "trend_reference": 10.792571, "distance_from_trend": 0.06388, "trend_direction": "Improving", "fair_value": 8.513885, "distance_from_fair_value": 0.348621, "fair_value_direction": "Weakening", "relative_strength": -3.259135, "relative_strength_direction": "Weakening", "price_momentum": 0.116368, "excess_performance": -0.054523, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.06388, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.062156, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.348621, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.046953, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.032591, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.084, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.116368, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.960318, "read": "Supply-led" } ], "volume": { "latest": 5390, "relative_activity": 0.436024, "balance": 0.960318, "dry_up": 1.250394, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.035733, "annualized_volatility": 0.196694, "from_high_reference": -0.048243, "from_low_reference": 0.310967 }, "levels": { "trend_reference": 10.792571, "fair_value_reference": 8.513885, "structural_low": 9.474, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 15, "median_return": 0.007711, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.001241, "regime_survival": 0.533333, "best_return": 0.099837, "worst_return": -0.084567, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.067914, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.000943, "regime_survival": 0.0, "best_return": 0.200999, "worst_return": -0.017098, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.072085, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.000104, "regime_survival": 0.0, "best_return": 0.225372, "worst_return": 0.029754, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.086513, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.095265, "regime_survival": 0.0, "best_return": 0.152213, "worst_return": -0.058989, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2024-11-22", "tenure": "Developing", "return": -0.048139, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-29", "end": "2024-12-27", "tenure": "Developing", "return": 0.025799, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-03", "end": "2025-03-21", "tenure": "Developing", "return": 0.029965, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-28", "end": "2025-03-28", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-18", "tenure": "New", "return": -0.018292, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-16", "tenure": "New", "return": 0.080495, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-07-04", "tenure": "Developing", "return": 0.008259, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-07-18", "tenure": "New", "return": 0.015385, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2025-11-21", "tenure": "Established", "return": 0.080101, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-01-09", "tenure": "Developing", "return": 0.035538, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-03-20", "tenure": "Developing", "return": -0.033834, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-24", "tenure": "Developing", "return": 0.099837, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-07-17", "tenure": "Developing", "return": 0.052197, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.008254, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 6.51316, "volume": 1078, "typical_volume": 1140.25, "trend": 6.545605, "fair_value": 6.47438, "relative_strength": -8.321452, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.524686, "energy": 52.983373, "activity_lines": [ 6.701047, 6.668094, 6.614642, 6.57045 ] }, { "date": "2023-08-25", "close": 6.558066, "volume": 2164, "typical_volume": 1198.7, "trend": 6.537287, "fair_value": 6.482497, "relative_strength": -8.58207, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.62909, "energy": 21.468179, "activity_lines": [ 6.645902, 6.650556, 6.614827, 6.571254 ] }, { "date": "2023-09-01", "close": 6.688293, "volume": 2830, "typical_volume": 1270.2, "trend": 6.538431, "fair_value": 6.492159, "relative_strength": -7.716119, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.947922, "energy": 22.142617, "activity_lines": [ 6.636023, 6.660713, 6.626611, 6.580996 ] }, { "date": "2023-09-08", "close": 6.663146, "volume": 1534, "typical_volume": 1338.5, "trend": 6.541134, "fair_value": 6.50166, "relative_strength": -6.241011, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.980434, "energy": 22.29548, "activity_lines": [ 6.631173, 6.664273, 6.634889, 6.589042 ] }, { "date": "2023-09-15", "close": 6.782742, "volume": 1267, "typical_volume": 1049.9, "trend": 6.547913, "fair_value": 6.511552, "relative_strength": -6.213074, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.042974, "energy": 26.561951, "activity_lines": [ 6.684031, 6.687993, 6.65361, 6.60463 ] }, { "date": "2023-09-22", "close": 6.733051, "volume": 1716, "typical_volume": 1085.1, "trend": 6.554751, "fair_value": 6.521126, "relative_strength": -5.215382, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.338993, "energy": 43.659735, "activity_lines": [ 6.714688, 6.6975, 6.665517, 6.616574 ] }, { "date": "2023-09-29", "close": 6.674159, "volume": 3264, "typical_volume": 1248.3, "trend": 6.560722, "fair_value": 6.530993, "relative_strength": -4.378474, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.852107, "energy": 37.200707, "activity_lines": [ 6.711054, 6.692024, 6.67014, 6.624278 ] }, { "date": "2023-10-06", "close": 6.542572, "volume": 11098, "typical_volume": 1704.3, "trend": 6.558429, "fair_value": 6.539513, "relative_strength": -4.239289, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.783354, "energy": 14.082011, "activity_lines": [ 6.655819, 6.661018, 6.660837, 6.623107 ] }, { "date": "2023-10-13", "close": 6.762497, "volume": 20757, "typical_volume": 2650.45, "trend": 6.572766, "fair_value": 6.549546, "relative_strength": -2.064224, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.077123, "energy": 23.453819, "activity_lines": [ 6.683606, 6.676305, 6.672469, 6.636272 ] }, { "date": "2023-10-20", "close": 6.63183, "volume": 1323, "typical_volume": 2703.65, "trend": 6.582895, "fair_value": 6.55817, "relative_strength": -0.46627, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.125543, "energy": 13.658964, "activity_lines": [ 6.661215, 6.670895, 6.670384, 6.640083 ] }, { "date": "2023-10-27", "close": 6.483679, "volume": 4619, "typical_volume": 2934.35, "trend": 6.588086, "fair_value": 6.567008, "relative_strength": -2.215938, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -6.775308, "energy": 13.850768, "activity_lines": [ 6.599501, 6.639755, 6.65301, 6.633682 ] }, { "date": "2023-11-03", "close": 6.483679, "volume": 0, "typical_volume": 2892.55, "trend": 6.591231, "fair_value": 6.574116, "relative_strength": -6.628648, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.865874, "energy": 34.888137, "activity_lines": [ 6.554411, 6.60915, 6.636859, 6.626946 ] }, { "date": "2023-11-10", "close": 6.58398, "volume": 3770, "typical_volume": 3042.95, "trend": 6.595526, "fair_value": 6.579924, "relative_strength": -4.448218, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.793975, "energy": 34.31254, "activity_lines": [ 6.555454, 6.598135, 6.631667, 6.626478 ] }, { "date": "2023-11-17", "close": 6.644712, "volume": 2341, "typical_volume": 3143.95, "trend": 6.601548, "fair_value": 6.586152, "relative_strength": -6.58968, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -9.88976, "energy": 27.645163, "activity_lines": [ 6.57398, 6.600058, 6.632225, 6.629651 ] }, { "date": "2023-11-24", "close": 6.688881, "volume": 20, "typical_volume": 3109.3, "trend": 6.612986, "fair_value": 6.592087, "relative_strength": -5.560375, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.980782, "energy": 7.909552, "activity_lines": [ 6.615082, 6.610347, 6.636663, 6.635286 ] }, { "date": "2023-12-01", "close": 6.637351, "volume": 185, "typical_volume": 3118.55, "trend": 6.62152, "fair_value": 6.597583, "relative_strength": -7.541745, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.338842, "energy": 7.873182, "activity_lines": [ 6.635204, 6.612974, 6.635283, 6.636858 ] }, { "date": "2023-12-08", "close": 6.682441, "volume": 952, "typical_volume": 3054.1, "trend": 6.631557, "fair_value": 6.603203, "relative_strength": -8.046533, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.854087, "energy": 15.504495, "activity_lines": [ 6.66011, 6.625539, 6.637534, 6.640788 ] }, { "date": "2023-12-15", "close": 6.815996, "volume": 318, "typical_volume": 3003.0, "trend": 6.640739, "fair_value": 6.609487, "relative_strength": -5.82407, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 62.719153, "energy": 44.102324, "activity_lines": [ 6.716285, 6.662236, 6.652045, 6.652687 ] }, { "date": "2023-12-22", "close": 6.752052, "volume": 7885, "typical_volume": 3396.05, "trend": 6.649301, "fair_value": 6.615892, "relative_strength": -6.331919, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.273457, "energy": 54.338861, "activity_lines": [ 6.735677, 6.682336, 6.660816, 6.659869 ] }, { "date": "2023-12-29", "close": 6.863259, "volume": 4190, "typical_volume": 3565.55, "trend": 6.665277, "fair_value": 6.622114, "relative_strength": -4.464282, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.659744, "energy": 68.330422, "activity_lines": [ 6.784982, 6.722845, 6.681028, 6.673673 ] }, { "date": "2024-01-05", "close": 6.846578, "volume": 2710, "typical_volume": 3647.15, "trend": 6.668807, "fair_value": 6.626744, "relative_strength": -4.702432, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.04126, "energy": 72.505952, "activity_lines": [ 6.817101, 6.756113, 6.698867, 6.685369 ] }, { "date": "2024-01-12", "close": 6.751126, "volume": 918, "typical_volume": 3584.85, "trend": 6.667878, "fair_value": 6.629705, "relative_strength": -5.856102, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.474881, "energy": 63.536759, "activity_lines": [ 6.803455, 6.765428, 6.706026, 6.69068 ] }, { "date": "2024-01-19", "close": 6.634359, "volume": 1361, "typical_volume": 3511.4, "trend": 6.669792, "fair_value": 6.632151, "relative_strength": -6.61997, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.9399, "energy": 25.628575, "activity_lines": [ 6.746307, 6.74865, 6.701146, 6.688518 ] }, { "date": "2024-01-26", "close": 6.872525, "volume": 4418, "typical_volume": 3655.6, "trend": 6.679675, "fair_value": 6.636646, "relative_strength": -3.322296, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.019928, "energy": 38.131026, "activity_lines": [ 6.780657, 6.774259, 6.719205, 6.701597 ] }, { "date": "2024-02-02", "close": 6.872525, "volume": 0, "typical_volume": 3592.25, "trend": 6.692163, "fair_value": 6.639754, "relative_strength": -4.206875, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.101853, "energy": 36.749346, "activity_lines": [ 6.806975, 6.795726, 6.736267, 6.714039 ] }, { "date": "2024-02-09", "close": 6.909594, "volume": 2597, "typical_volume": 3636.3, "trend": 6.705886, "fair_value": 6.642277, "relative_strength": -4.890569, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.549992, "energy": 45.128346, "activity_lines": [ 6.845033, 6.820594, 6.756432, 6.728067 ] }, { "date": "2024-02-16", "close": 7.075476, "volume": 2446, "typical_volume": 3595.4, "trend": 6.722205, "fair_value": 6.645738, "relative_strength": -4.263695, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.645552, "energy": 86.378493, "activity_lines": [ 6.934183, 6.870672, 6.791555, 6.751912 ] }, { "date": "2024-02-23", "close": 7.135713, "volume": 4568, "typical_volume": 3268.9, "trend": 6.730413, "fair_value": 6.650533, "relative_strength": -6.126057, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.099597, "energy": 92.180929, "activity_lines": [ 7.021788, 6.924556, 6.830503, 6.77859 ] }, { "date": "2024-03-01", "close": 7.056942, "volume": 2630, "typical_volume": 2362.55, "trend": 6.734619, "fair_value": 6.654772, "relative_strength": -7.672866, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.21174, "energy": 87.306015, "activity_lines": [ 7.049714, 6.958306, 6.859125, 6.799656 ] }, { "date": "2024-03-08", "close": 7.068988, "volume": 10581, "typical_volume": 2825.45, "trend": 6.746979, "fair_value": 6.657519, "relative_strength": -8.583895, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.367127, "energy": 86.20639, "activity_lines": [ 7.06936, 6.988702, 6.887492, 6.821228 ] }, { "date": "2024-03-15", "close": 7.095951, "volume": 730, "typical_volume": 2631.0, "trend": 6.766405, "fair_value": 6.660885, "relative_strength": -9.38855, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.533729, "energy": 83.620295, "activity_lines": [ 7.084896, 7.02026, 6.916345, 6.843742 ] }, { "date": "2024-03-22", "close": 7.07179, "volume": 500, "typical_volume": 2656.0, "trend": 6.78353, "fair_value": 6.664998, "relative_strength": -10.472154, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.418254, "energy": 61.079351, "activity_lines": [ 7.079954, 7.04289, 6.939982, 6.863445 ] }, { "date": "2024-03-29", "close": 7.206535, "volume": 4341, "typical_volume": 2684.55, "trend": 6.800804, "fair_value": 6.668943, "relative_strength": -9.635773, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.498333, "energy": 75.161496, "activity_lines": [ 7.120174, 7.08419, 6.97365, 6.890735 ] }, { "date": "2024-04-05", "close": 7.206535, "volume": 0, "typical_volume": 2567.5, "trend": 6.818917, "fair_value": 6.673914, "relative_strength": -7.494863, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.74455, "energy": 79.810209, "activity_lines": [ 7.155672, 7.115087, 7.004355, 6.916912 ] }, { "date": "2024-04-12", "close": 7.277159, "volume": 1507, "typical_volume": 2641.85, "trend": 6.835398, "fair_value": 6.678911, "relative_strength": -5.77784, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.260256, "energy": 81.084568, "activity_lines": [ 7.204738, 7.152751, 7.03911, 6.946476 ] }, { "date": "2024-04-19", "close": 7.157283, "volume": 31348, "typical_volume": 4200.0, "trend": 6.849539, "fair_value": 6.683275, "relative_strength": -7.590829, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.161078, "energy": 65.404601, "activity_lines": [ 7.199968, 7.161263, 7.059647, 6.967242 ] }, { "date": "2024-04-26", "close": 7.216756, "volume": 5458, "typical_volume": 4425.3, "trend": 6.867625, "fair_value": 6.687926, "relative_strength": -7.531084, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.374341, "energy": 63.938737, "activity_lines": [ 7.210933, 7.176085, 7.083372, 6.990934 ] }, { "date": "2024-05-03", "close": 7.533639, "volume": 3476, "typical_volume": 4583.2, "trend": 6.900661, "fair_value": 6.693931, "relative_strength": -1.611026, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.088285, "energy": 74.179988, "activity_lines": [ 7.317861, 7.245952, 7.134732, 7.033902 ] }, { "date": "2024-05-10", "close": 7.524348, "volume": 1377, "typical_volume": 4257.8, "trend": 6.926056, "fair_value": 6.700611, "relative_strength": -4.516246, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.855312, "energy": 86.521348, "activity_lines": [ 7.399886, 7.306896, 7.18179, 7.07414 ] }, { "date": "2024-05-17", "close": 7.873755, "volume": 1870, "typical_volume": 4141.8, "trend": 6.967454, "fair_value": 6.709651, "relative_strength": -2.05044, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.882976, "energy": 98.2429, "activity_lines": [ 7.577192, 7.42287, 7.258447, 7.135282 ] }, { "date": "2024-05-24", "close": 7.741797, "volume": 1465, "typical_volume": 4079.55, "trend": 7.009391, "fair_value": 6.717001, "relative_strength": -0.999942, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.607293, "energy": 92.89262, "activity_lines": [ 7.670739, 7.50022, 7.317725, 7.18524 ] }, { "date": "2024-05-31", "close": 7.492752, "volume": 3304, "typical_volume": 4198.85, "trend": 7.043027, "fair_value": 6.721284, "relative_strength": -4.035894, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.191663, "energy": 86.321393, "activity_lines": [ 7.642303, 7.520545, 7.349022, 7.216424 ] }, { "date": "2024-06-07", "close": 7.578245, "volume": 2350, "typical_volume": 4248.3, "trend": 7.076169, "fair_value": 6.725923, "relative_strength": -3.168546, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.400493, "energy": 66.793664, "activity_lines": [ 7.623965, 7.548762, 7.384929, 7.250955 ] }, { "date": "2024-06-14", "close": 7.610487, "volume": 100, "typical_volume": 4032.4, "trend": 7.108361, "fair_value": 6.730528, "relative_strength": 3.2733, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.930541, "energy": 61.168677, "activity_lines": [ 7.613401, 7.576082, 7.419412, 7.285427 ] }, { "date": "2024-06-21", "close": 7.751109, "volume": 2328, "typical_volume": 4148.8, "trend": 7.143769, "fair_value": 6.73637, "relative_strength": 3.227184, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.089172, "energy": 60.213546, "activity_lines": [ 7.643969, 7.621625, 7.463773, 7.326894 ] }, { "date": "2024-06-28", "close": 7.744546, "volume": 954, "typical_volume": 4066.65, "trend": 7.180675, "fair_value": 6.742396, "relative_strength": 3.61617, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.238703, "energy": 62.11152, "activity_lines": [ 7.680525, 7.657357, 7.503326, 7.365654 ] }, { "date": "2024-07-05", "close": 7.73611, "volume": 327, "typical_volume": 3960.7, "trend": 7.215798, "fair_value": 6.749451, "relative_strength": 1.017899, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.156256, "energy": 60.426885, "activity_lines": [ 7.714085, 7.680878, 7.538099, 7.401489 ] }, { "date": "2024-07-12", "close": 7.789546, "volume": 150, "typical_volume": 3739.8, "trend": 7.248249, "fair_value": 6.756149, "relative_strength": -0.016243, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.484784, "energy": 64.882238, "activity_lines": [ 7.749234, 7.704672, 7.574816, 7.438505 ] }, { "date": "2024-07-19", "close": 7.643298, "volume": 371, "typical_volume": 3626.85, "trend": 7.277958, "fair_value": 6.762319, "relative_strength": -0.805743, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.917216, "energy": 55.938221, "activity_lines": [ 7.721547, 7.697223, 7.594491, 7.463992 ] }, { "date": "2024-07-26", "close": 7.468927, "volume": 2400, "typical_volume": 3217.8, "trend": 7.298146, "fair_value": 6.767608, "relative_strength": -1.804505, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.514581, "energy": 32.877028, "activity_lines": [ 7.633549, 7.655907, 7.594766, 7.476312 ] }, { "date": "2024-08-02", "close": 7.480176, "volume": 990, "typical_volume": 3230.8, "trend": 7.319266, "fair_value": 6.772691, "relative_strength": 3.928935, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.149202, "energy": 23.900897, "activity_lines": [ 7.568112, 7.623997, 7.594209, 7.488056 ] }, { "date": "2024-08-09", "close": 7.407053, "volume": 47157, "typical_volume": 5563.65, "trend": 7.341131, "fair_value": 6.777163, "relative_strength": 3.714432, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.481112, "energy": 19.572216, "activity_lines": [ 7.495926, 7.583549, 7.584858, 7.49372 ] }, { "date": "2024-08-16", "close": 7.608612, "volume": 213, "typical_volume": 5357.25, "trend": 7.373606, "fair_value": 6.782953, "relative_strength": 2.515173, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.280025, "energy": 22.691941, "activity_lines": [ 7.512863, 7.581305, 7.593106, 7.510977 ] }, { "date": "2024-08-23", "close": 7.511114, "volume": 51571, "typical_volume": 7935.8, "trend": 7.394892, "fair_value": 6.78824, "relative_strength": -0.551044, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.500774, "energy": 16.991848, "activity_lines": [ 7.509364, 7.560783, 7.590155, 7.519848 ] }, { "date": "2024-08-30", "close": 7.636736, "volume": 3392, "typical_volume": 8030.05, "trend": 7.420366, "fair_value": 6.793186, "relative_strength": -0.918846, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.099108, "energy": 12.778201, "activity_lines": [ 7.55655, 7.564908, 7.597717, 7.535451 ] }, { "date": "2024-09-06", "close": 7.55705, "volume": 630, "typical_volume": 6494.15, "trend": 7.441948, "fair_value": 6.797931, "relative_strength": 1.312197, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.575096, "energy": 19.048284, "activity_lines": [ 7.565988, 7.556624, 7.595977, 7.544269 ] }, { "date": "2024-09-13", "close": 7.459417, "volume": 300, "typical_volume": 6236.25, "trend": 7.454746, "fair_value": 6.802434, "relative_strength": -0.715235, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.128788, "energy": 7.25134, "activity_lines": [ 7.537756, 7.533998, 7.583036, 7.545396 ] }, { "date": "2024-09-20", "close": 7.495814, "volume": 5354, "typical_volume": 6330.15, "trend": 7.466749, "fair_value": 6.807015, "relative_strength": -0.688028, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.918647, "energy": 7.460187, "activity_lines": [ 7.518165, 7.52302, 7.572405, 7.548046 ] }, { "date": "2024-09-27", "close": 8.252482, "volume": 4080, "typical_volume": 6465.3, "trend": 7.5066, "fair_value": 6.81628, "relative_strength": 6.286651, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 78.854194, "energy": 61.150041, "activity_lines": [ 7.758317, 7.654958, 7.634018, 7.598738 ] }, { "date": "2024-10-04", "close": 8.59538, "volume": 3812, "typical_volume": 6562.4, "trend": 7.55748, "fair_value": 6.826657, "relative_strength": 14.234056, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.879904, "energy": 87.914142, "activity_lines": [ 8.063344, 7.838166, 7.724821, 7.668982 ] }, { "date": "2024-10-11", "close": 8.363589, "volume": 64586, "typical_volume": 9718.45, "trend": 7.599735, "fair_value": 6.835195, "relative_strength": 8.800181, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.442253, "energy": 86.01207, "activity_lines": [ 8.227197, 7.958749, 7.790112, 7.720989 ] }, { "date": "2024-10-18", "close": 8.33677, "volume": 6255, "typical_volume": 9866.0, "trend": 7.641901, "fair_value": 6.843385, "relative_strength": 5.741901, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.543588, "energy": 85.949652, "activity_lines": [ 8.328342, 8.058393, 7.849888, 7.76854 ] }, { "date": "2024-10-25", "close": 8.264935, "volume": 9541, "typical_volume": 10225.55, "trend": 7.677181, "fair_value": 6.852281, "relative_strength": 6.120479, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.949378, "energy": 85.616453, "activity_lines": [ 8.347051, 8.128073, 7.898803, 7.808736 ] }, { "date": "2024-11-01", "close": 8.077204, "volume": 2981, "typical_volume": 10369.6, "trend": 7.706203, "fair_value": 6.860203, "relative_strength": 3.948211, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.334076, "energy": 55.197568, "activity_lines": [ 8.251909, 8.151687, 7.92657, 7.834544 ] }, { "date": "2024-11-08", "close": 8.433509, "volume": 1318, "typical_volume": 10319.1, "trend": 7.744748, "fair_value": 6.869329, "relative_strength": 11.115048, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.88046, "energy": 56.413367, "activity_lines": [ 8.28722, 8.229791, 7.986047, 7.881467 ] }, { "date": "2024-11-15", "close": 8.056133, "volume": 1304, "typical_volume": 10336.6, "trend": 7.77471, "fair_value": 6.876458, "relative_strength": 4.88578, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.093705, "energy": 35.774204, "activity_lines": [ 8.20753, 8.224794, 8.006335, 7.901556 ] }, { "date": "2024-11-22", "close": 8.181605, "volume": 2785, "typical_volume": 10459.5, "trend": 7.806871, "fair_value": 6.886382, "relative_strength": 8.577919, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.594068, "energy": 30.922455, "activity_lines": [ 8.190162, 8.233536, 8.037088, 7.927807 ] }, { "date": "2024-11-29", "close": 8.058047, "volume": 6798, "typical_volume": 10791.9, "trend": 7.824352, "fair_value": 6.893994, "relative_strength": 7.016979, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.191725, "energy": 27.433452, "activity_lines": [ 8.141952, 8.206682, 8.053953, 7.944012 ] }, { "date": "2024-12-06", "close": 8.282174, "volume": 486, "typical_volume": 10797.65, "trend": 7.849612, "fair_value": 6.902743, "relative_strength": 5.600749, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.312507, "energy": 25.00301, "activity_lines": [ 8.182243, 8.210357, 8.090885, 7.973549 ] }, { "date": "2024-12-13", "close": 8.393798, "volume": 791, "typical_volume": 10717.2, "trend": 7.866947, "fair_value": 6.912507, "relative_strength": 6.450816, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.286879, "energy": 37.098093, "activity_lines": [ 8.246078, 8.233786, 8.135405, 8.008658 ] }, { "date": "2024-12-20", "close": 8.226518, "volume": 3177, "typical_volume": 10826.55, "trend": 7.883105, "fair_value": 6.920928, "relative_strength": 7.605229, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.146757, "energy": 31.538317, "activity_lines": [ 8.2568, 8.230467, 8.159589, 8.031856 ] }, { "date": "2024-12-27", "close": 8.265933, "volume": 358, "typical_volume": 8486.6, "trend": 7.908877, "fair_value": 6.929452, "relative_strength": 6.726939, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.637672, "energy": 37.539444, "activity_lines": [ 8.269302, 8.236806, 8.183974, 8.056555 ] }, { "date": "2025-01-03", "close": 8.335154, "volume": 4123, "typical_volume": 8682.1, "trend": 7.934108, "fair_value": 6.937794, "relative_strength": 7.548523, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.203224, "energy": 49.304916, "activity_lines": [ 8.299255, 8.257018, 8.210861, 8.084056 ] }, { "date": "2025-01-10", "close": 8.213058, "volume": 2098, "typical_volume": 6208.45, "trend": 7.954193, "fair_value": 6.94467, "relative_strength": 2.958874, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.472966, "energy": 37.602771, "activity_lines": [ 8.270036, 8.253754, 8.22266, 8.102053 ] }, { "date": "2025-01-17", "close": 8.339961, "volume": 339, "typical_volume": 6055.8, "trend": 7.973822, "fair_value": 6.952219, "relative_strength": 1.060876, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.223509, "energy": 41.756965, "activity_lines": [ 8.287726, 8.271094, 8.243202, 8.126941 ] }, { "date": "2025-01-24", "close": 8.308234, "volume": 4957, "typical_volume": 6272.15, "trend": 7.992611, "fair_value": 6.960475, "relative_strength": 0.834824, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.218208, "energy": 34.800685, "activity_lines": [ 8.298429, 8.284366, 8.257374, 8.148516 ] }, { "date": "2025-01-31", "close": 8.543773, "volume": 1375, "typical_volume": 6325.9, "trend": 8.019533, "fair_value": 6.969573, "relative_strength": 2.831562, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.559203, "energy": 49.316458, "activity_lines": [ 8.382197, 8.33588, 8.290402, 8.184075 ] }, { "date": "2025-02-07", "close": 8.523583, "volume": 5468, "typical_volume": 6331.6, "trend": 8.044001, "fair_value": 6.976775, "relative_strength": 0.901541, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.845143, "energy": 67.637207, "activity_lines": [ 8.440713, 8.377137, 8.316343, 8.216594 ] }, { "date": "2025-02-14", "close": 8.639912, "volume": 4944, "typical_volume": 6374.8, "trend": 8.077222, "fair_value": 6.984825, "relative_strength": -0.242458, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.626204, "energy": 82.644811, "activity_lines": [ 8.525443, 8.431082, 8.348468, 8.25504 ] }, { "date": "2025-02-21", "close": 8.911019, "volume": 5014, "typical_volume": 6434.9, "trend": 8.125291, "fair_value": 6.997241, "relative_strength": 1.583937, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.52705, "energy": 93.815907, "activity_lines": [ 8.672085, 8.527814, 8.404569, 8.308834 ] }, { "date": "2025-02-28", "close": 8.605301, "volume": 3112, "typical_volume": 3361.2, "trend": 8.162796, "fair_value": 7.009852, "relative_strength": -2.563506, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.337725, "energy": 81.043586, "activity_lines": [ 8.67875, 8.559557, 8.43005, 8.339802 ] }, { "date": "2025-03-07", "close": 8.537043, "volume": 568, "typical_volume": 3076.85, "trend": 8.200462, "fair_value": 7.022478, "relative_strength": -3.259146, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.101931, "energy": 70.960038, "activity_lines": [ 8.642859, 8.572002, 8.44788, 8.363947 ] }, { "date": "2025-03-14", "close": 8.558776, "volume": 1069, "typical_volume": 2653.25, "trend": 8.232134, "fair_value": 7.0356, "relative_strength": -3.268829, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.491853, "energy": 50.451505, "activity_lines": [ 8.61466, 8.58347, 8.466826, 8.387064 ] }, { "date": "2025-03-21", "close": 8.584921, "volume": 7648, "typical_volume": 2886.6, "trend": 8.267928, "fair_value": 7.04733, "relative_strength": -4.033319, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.56336, "energy": 32.804747, "activity_lines": [ 8.592831, 8.595625, 8.486862, 8.409825 ] }, { "date": "2025-03-28", "close": 8.633336, "volume": 1407, "typical_volume": 2891.05, "trend": 8.301148, "fair_value": 7.059371, "relative_strength": -2.878352, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.389878, "energy": 31.284403, "activity_lines": [ 8.590805, 8.609822, 8.509092, 8.433399 ] }, { "date": "2025-04-04", "close": 7.83449, "volume": 4851, "typical_volume": 3068.4, "trend": 8.310396, "fair_value": 7.064807, "relative_strength": -1.578833, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -8.147125, "energy": 18.690284, "activity_lines": [ 8.34101, 8.473441, 8.45429, 8.403292 ] }, { "date": "2025-04-11", "close": 7.52754, "volume": 61912, "typical_volume": 6024.75, "trend": 8.312666, "fair_value": 7.069169, "relative_strength": -3.754934, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -48.552997, "energy": 47.856039, "activity_lines": [ 8.040286, 8.289863, 8.37131, 8.352786 ] }, { "date": "2025-04-18", "close": 7.691182, "volume": 20650, "typical_volume": 6717.35, "trend": 8.319179, "fair_value": 7.075067, "relative_strength": -7.019237, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.566485, "energy": 79.238263, "activity_lines": [ 7.861409, 8.154516, 8.307029, 8.31269 ] }, { "date": "2025-04-25", "close": 7.903239, "volume": 4258, "typical_volume": 6905.95, "trend": 8.307537, "fair_value": 7.083218, "relative_strength": -7.962216, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.365167, "energy": 75.342606, "activity_lines": [ 7.811057, 8.072859, 8.264692, 8.285855 ] }, { "date": "2025-05-02", "close": 8.146281, "volume": 2616, "typical_volume": 6997.2, "trend": 8.292567, "fair_value": 7.092992, "relative_strength": -7.468658, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.593222, "energy": 71.632353, "activity_lines": [ 7.887165, 8.048786, 8.247305, 8.275451 ] }, { "date": "2025-05-09", "close": 8.184045, "volume": 1071, "typical_volume": 6891.9, "trend": 8.286582, "fair_value": 7.103008, "relative_strength": -9.430055, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.084475, "energy": 38.947038, "activity_lines": [ 8.008331, 8.045483, 8.234694, 8.26845 ] }, { "date": "2025-05-16", "close": 8.539411, "volume": 4278, "typical_volume": 7087.9, "trend": 8.293337, "fair_value": 7.11618, "relative_strength": -8.391495, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.063906, "energy": 15.244247, "activity_lines": [ 8.224649, 8.114451, 8.256129, 8.284761 ] }, { "date": "2025-05-23", "close": 8.456136, "volume": 875, "typical_volume": 6925.5, "trend": 8.299711, "fair_value": 7.12885, "relative_strength": -6.490521, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.045861, "energy": 21.185079, "activity_lines": [ 8.345751, 8.168236, 8.268331, 8.295265 ] }, { "date": "2025-05-30", "close": 8.372863, "volume": 20, "typical_volume": 6821.6, "trend": 8.309566, "fair_value": 7.140049, "relative_strength": -8.760836, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.905705, "energy": 21.608681, "activity_lines": [ 8.388098, 8.208745, 8.272027, 8.299984 ] }, { "date": "2025-06-06", "close": 8.430962, "volume": 2710, "typical_volume": 6940.15, "trend": 8.309481, "fair_value": 7.151919, "relative_strength": -9.20918, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.198551, "energy": 22.135761, "activity_lines": [ 8.418502, 8.263675, 8.280494, 8.307816 ] }, { "date": "2025-06-13", "close": 8.47324, "volume": 3107, "typical_volume": 6847.65, "trend": 8.323384, "fair_value": 7.165886, "relative_strength": -5.91967, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.073581, "energy": 22.548629, "activity_lines": [ 8.444021, 8.32997, 8.292555, 8.318381 ] }, { "date": "2025-06-20", "close": 8.358974, "volume": 3737, "typical_volume": 6965.75, "trend": 8.329297, "fair_value": 7.179121, "relative_strength": -6.541798, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.769804, "energy": 16.041556, "activity_lines": [ 8.412172, 8.363876, 8.292948, 8.320677 ] }, { "date": "2025-06-27", "close": 8.486913, "volume": 6545, "typical_volume": 7019.6, "trend": 8.343592, "fair_value": 7.19256, "relative_strength": -6.172809, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.727159, "energy": 17.740963, "activity_lines": [ 8.434998, 8.405927, 8.306405, 8.330846 ] }, { "date": "2025-07-04", "close": 8.525978, "volume": 2077, "typical_volume": 6876.25, "trend": 8.351719, "fair_value": 7.20625, "relative_strength": -5.35605, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.104446, "energy": 25.415714, "activity_lines": [ 8.468794, 8.440613, 8.323757, 8.342613 ] }, { "date": "2025-07-11", "close": 8.569927, "volume": 2378, "typical_volume": 6744.45, "trend": 8.35759, "fair_value": 7.220887, "relative_strength": -5.859614, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.020324, "energy": 38.850143, "activity_lines": [ 8.507032, 8.471967, 8.345838, 8.356691 ] }, { "date": "2025-07-18", "close": 8.701773, "volume": 3003, "typical_volume": 6739.0, "trend": 8.373432, "fair_value": 7.236369, "relative_strength": -4.905587, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.726813, "energy": 69.087972, "activity_lines": [ 8.579954, 8.51959, 8.382099, 8.378896 ] }, { "date": "2025-07-25", "close": 8.730095, "volume": 12899, "typical_volume": 7355.55, "trend": 8.388904, "fair_value": 7.252032, "relative_strength": -5.513604, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.548347, "energy": 77.499338, "activity_lines": [ 8.647081, 8.56295, 8.420598, 8.401907 ] }, { "date": "2025-08-01", "close": 8.618759, "volume": 3077, "typical_volume": 7455.95, "trend": 8.398357, "fair_value": 7.266064, "relative_strength": -4.745964, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.076698, "energy": 72.347802, "activity_lines": [ 8.652355, 8.582599, 8.447575, 8.416736 ] }, { "date": "2025-08-08", "close": 8.758417, "volume": 3367, "typical_volume": 7241.9, "trend": 8.416536, "fair_value": 7.279761, "relative_strength": -6.932795, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.879764, "energy": 75.312102, "activity_lines": [ 8.695392, 8.624684, 8.487567, 8.439966 ] }, { "date": "2025-08-15", "close": 8.838501, "volume": 224, "typical_volume": 7182.75, "trend": 8.433154, "fair_value": 7.293438, "relative_strength": -8.169587, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.49518, "energy": 84.491105, "activity_lines": [ 8.749628, 8.67432, 8.534359, 8.467189 ] }, { "date": "2025-08-22", "close": 8.926396, "volume": 7583, "typical_volume": 7319.35, "trend": 8.45376, "fair_value": 7.306448, "relative_strength": -8.527757, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.314263, "energy": 86.302156, "activity_lines": [ 8.815257, 8.732527, 8.588546, 8.499011 ] }, { "date": "2025-08-29", "close": 8.84436, "volume": 1361, "typical_volume": 4291.8, "trend": 8.463779, "fair_value": 7.320492, "relative_strength": -6.87577, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.25025, "energy": 80.177339, "activity_lines": [ 8.838565, 8.767579, 8.62972, 8.524211 ] }, { "date": "2025-09-05", "close": 8.827757, "volume": 2061, "typical_volume": 3362.35, "trend": 8.473918, "fair_value": 7.33443, "relative_strength": -5.617405, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.048582, "energy": 80.382714, "activity_lines": [ 8.848722, 8.790788, 8.663043, 8.547694 ] }, { "date": "2025-09-12", "close": 9.130446, "volume": 13050, "typical_volume": 3801.95, "trend": 8.490269, "fair_value": 7.34917, "relative_strength": -4.515176, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.493158, "energy": 87.764556, "activity_lines": [ 8.945842, 8.862833, 8.71978, 8.59005 ] }, { "date": "2025-09-19", "close": 9.16806, "volume": 8733, "typical_volume": 4107.8, "trend": 8.498837, "fair_value": 7.364151, "relative_strength": -3.502129, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.132115, "energy": 89.092505, "activity_lines": [ 9.030698, 8.930727, 8.774256, 8.633779 ] }, { "date": "2025-09-26", "close": 9.120547, "volume": 4199, "typical_volume": 4264.2, "trend": 8.516012, "fair_value": 7.381348, "relative_strength": -4.559757, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.898856, "energy": 88.462162, "activity_lines": [ 9.077746, 8.979107, 8.819342, 8.673889 ] }, { "date": "2025-10-03", "close": 9.273976, "volume": 4927, "typical_volume": 4296.65, "trend": 8.540577, "fair_value": 7.399056, "relative_strength": -3.985466, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.635168, "energy": 93.010574, "activity_lines": [ 9.162993, 9.047769, 8.87458, 8.72279 ] }, { "date": "2025-10-10", "close": 9.095801, "volume": 4160, "typical_volume": 4460.9, "trend": 8.558478, "fair_value": 7.417364, "relative_strength": -2.890574, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.09832, "energy": 77.303543, "activity_lines": [ 9.160208, 9.074147, 8.909351, 8.758611 ] }, { "date": "2025-10-17", "close": 9.30961, "volume": 6043, "typical_volume": 4762.05, "trend": 8.582634, "fair_value": 7.436445, "relative_strength": 0.202362, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.966158, "energy": 70.531626, "activity_lines": [ 9.210822, 9.130726, 8.961439, 8.807071 ] }, { "date": "2025-10-24", "close": 10.987281, "volume": 14189, "typical_volume": 5336.0, "trend": 8.661099, "fair_value": 7.468368, "relative_strength": 16.020558, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 98.102843, "energy": 87.427543, "activity_lines": [ 9.808716, 9.482314, 9.168844, 8.96221 ] }, { "date": "2025-10-31", "close": 9.66002, "volume": 7531, "typical_volume": 5557.2, "trend": 8.72195, "fair_value": 7.490073, "relative_strength": 0.459507, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.741402, "energy": 65.339864, "activity_lines": [ 9.842909, 9.553514, 9.237671, 9.026656 ] }, { "date": "2025-11-07", "close": 9.545197, "volume": 12651, "typical_volume": 6002.9, "trend": 8.789205, "fair_value": 7.511595, "relative_strength": 0.09301, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.244546, "energy": 62.838227, "activity_lines": [ 9.802862, 9.590498, 9.28991, 9.079769 ] }, { "date": "2025-11-14", "close": 9.778802, "volume": 8904, "typical_volume": 6120.85, "trend": 8.858792, "fair_value": 7.533825, "relative_strength": 0.148051, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.510443, "energy": 60.117891, "activity_lines": [ 9.822602, 9.657213, 9.35875, 9.143614 ] }, { "date": "2025-11-21", "close": 9.429382, "volume": 10091, "typical_volume": 6521.55, "trend": 8.909664, "fair_value": 7.554102, "relative_strength": -0.212179, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.533384, "energy": 38.670674, "activity_lines": [ 9.680335, 9.643105, 9.388159, 9.180426 ] }, { "date": "2025-11-28", "close": 9.58677, "volume": 1084, "typical_volume": 6456.85, "trend": 8.95768, "fair_value": 7.574159, "relative_strength": 0.001113, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.665593, "energy": 27.901737, "activity_lines": [ 9.582547, 9.652178, 9.428255, 9.22411 ] }, { "date": "2025-12-05", "close": 9.566974, "volume": 1798, "typical_volume": 6396.6, "trend": 9.003778, "fair_value": 7.594433, "relative_strength": -0.223227, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.00007, "energy": 25.314672, "activity_lines": [ 9.571526, 9.650039, 9.461625, 9.26342 ] }, { "date": "2025-12-12", "close": 9.442613, "volume": 458, "typical_volume": 5774.55, "trend": 9.033884, "fair_value": 7.615035, "relative_strength": -1.501183, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.107628, "energy": 20.750671, "activity_lines": [ 9.525256, 9.617172, 9.47903, 9.291732 ] }, { "date": "2025-12-19", "close": 9.502226, "volume": 14405, "typical_volume": 6340.95, "trend": 9.068754, "fair_value": 7.635598, "relative_strength": -3.370022, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.185587, "energy": 18.144683, "activity_lines": [ 9.505695, 9.592078, 9.49872, 9.321947 ] }, { "date": "2025-12-26", "close": 9.530045, "volume": 4812, "typical_volume": 6413.2, "trend": 9.107327, "fair_value": 7.656004, "relative_strength": -2.517375, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.135442, "energy": 17.093376, "activity_lines": [ 9.513846, 9.564652, 9.516852, 9.351708 ] }, { "date": "2026-01-02", "close": 9.77843, "volume": 11592, "typical_volume": 6981.6, "trend": 9.152242, "fair_value": 7.676698, "relative_strength": -1.418966, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.002366, "energy": 26.595114, "activity_lines": [ 9.598081, 9.578379, 9.554965, 9.395005 ] }, { "date": "2026-01-09", "close": 9.927461, "volume": 27208, "typical_volume": 7962.85, "trend": 9.200716, "fair_value": 7.697955, "relative_strength": -0.523723, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.65986, "energy": 35.697737, "activity_lines": [ 9.719215, 9.641182, 9.602796, 9.445019 ] }, { "date": "2026-01-16", "close": 10.090402, "volume": 21914, "typical_volume": 8990.5, "trend": 9.258431, "fair_value": 7.720092, "relative_strength": 1.015964, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.530142, "energy": 52.104879, "activity_lines": [ 9.870631, 9.728748, 9.661379, 9.502418 ] }, { "date": "2026-01-23", "close": 10.153989, "volume": 9169, "typical_volume": 9345.9, "trend": 9.314, "fair_value": 7.741543, "relative_strength": 3.87499, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.329913, "energy": 76.923247, "activity_lines": [ 10.000056, 9.817962, 9.720083, 9.560196 ] }, { "date": "2026-01-30", "close": 10.152001, "volume": 8836, "typical_volume": 9135.2, "trend": 9.368201, "fair_value": 7.763966, "relative_strength": 2.370972, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.703567, "energy": 86.880824, "activity_lines": [ 10.085368, 9.899993, 9.772283, 9.614261 ] }, { "date": "2026-02-06", "close": 10.285136, "volume": 17482, "typical_volume": 9572.65, "trend": 9.425374, "fair_value": 7.787704, "relative_strength": 2.97524, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.700248, "energy": 88.29646, "activity_lines": [ 10.173594, 9.993092, 9.832298, 9.673418 ] }, { "date": "2026-02-13", "close": 10.267252, "volume": 31814, "typical_volume": 10953.4, "trend": 9.477557, "fair_value": 7.811344, "relative_strength": 3.819111, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.357627, "energy": 85.083043, "activity_lines": [ 10.222079, 10.070242, 9.885291, 9.727732 ] }, { "date": "2026-02-20", "close": 10.491793, "volume": 30075, "typical_volume": 12210.8, "trend": 9.53628, "fair_value": 7.836754, "relative_strength": 3.767456, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.225637, "energy": 91.205087, "activity_lines": [ 10.322758, 10.175485, 9.954207, 9.793167 ] }, { "date": "2026-02-27", "close": 10.475895, "volume": 13112, "typical_volume": 12658.4, "trend": 9.598185, "fair_value": 7.862272, "relative_strength": 1.999224, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.963533, "energy": 79.53555, "activity_lines": [ 10.391378, 10.258762, 10.015811, 9.853787 ] }, { "date": "2026-03-06", "close": 10.058608, "volume": 40502, "typical_volume": 14381.35, "trend": 9.641524, "fair_value": 7.88437, "relative_strength": 4.658263, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.100401, "energy": 54.324346, "activity_lines": [ 10.299443, 10.248465, 10.0311, 9.883492 ] }, { "date": "2026-03-13", "close": 10.102, "volume": 7855, "typical_volume": 14064.65, "trend": 9.683641, "fair_value": 7.908534, "relative_strength": 4.657993, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.072448, "energy": 40.659393, "activity_lines": [ 10.228197, 10.236447, 10.046956, 9.9132 ] }, { "date": "2026-03-20", "close": 9.749, "volume": 9789, "typical_volume": 14177.55, "trend": 9.711061, "fair_value": 7.930464, "relative_strength": 4.410224, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.672061, "energy": 17.388138, "activity_lines": [ 10.051494, 10.154365, 10.033409, 9.917417 ] }, { "date": "2026-03-27", "close": 9.612, "volume": 16847, "typical_volume": 14387.35, "trend": 9.736649, "fair_value": 7.951515, "relative_strength": 1.677703, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.832389, "energy": 20.766965, "activity_lines": [ 9.863674, 10.050618, 10.00639, 9.911026 ] }, { "date": "2026-04-03", "close": 9.778, "volume": 16278, "typical_volume": 14756.05, "trend": 9.768324, "fair_value": 7.973238, "relative_strength": -1.555596, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.410916, "energy": 22.223566, "activity_lines": [ 9.789841, 9.985751, 9.994862, 9.913694 ] }, { "date": "2026-04-10", "close": 10.199614, "volume": 3568, "typical_volume": 14429.9, "trend": 9.803963, "fair_value": 7.997241, "relative_strength": -1.529447, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.154571, "energy": 21.423203, "activity_lines": [ 9.903071, 10.004378, 10.023492, 9.941519 ] }, { "date": "2026-04-17", "close": 10.64, "volume": 5018, "typical_volume": 14626.6, "trend": 9.853027, "fair_value": 8.02401, "relative_strength": 0.038646, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.12646, "energy": 30.769445, "activity_lines": [ 10.153697, 10.102209, 10.090396, 9.995457 ] }, { "date": "2026-04-24", "close": 10.57163, "volume": 2865, "typical_volume": 14679.95, "trend": 9.901397, "fair_value": 8.051099, "relative_strength": 1.833797, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 66.314095, "energy": 58.370435, "activity_lines": [ 10.345666, 10.181157, 10.145773, 10.041818 ] }, { "date": "2026-05-01", "close": 10.583567, "volume": 10893, "typical_volume": 15201.7, "trend": 9.94505, "fair_value": 8.078036, "relative_strength": 0.64141, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.409057, "energy": 70.921042, "activity_lines": [ 10.486772, 10.256741, 10.197503, 10.085829 ] }, { "date": "2026-05-08", "close": 11.317653, "volume": 35018, "typical_volume": 16232.35, "trend": 10.019112, "fair_value": 8.109679, "relative_strength": 5.140823, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.889417, "energy": 89.080987, "activity_lines": [ 10.807802, 10.464127, 10.313712, 10.174384 ] }, { "date": "2026-05-15", "close": 11.144575, "volume": 18957, "typical_volume": 16939.6, "trend": 10.080277, "fair_value": 8.139192, "relative_strength": 3.74566, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.846457, "energy": 87.411236, "activity_lines": [ 10.968497, 10.624739, 10.404793, 10.246995 ] }, { "date": "2026-05-22", "close": 11.32163, "volume": 32741, "typical_volume": 17997.05, "trend": 10.091422, "fair_value": 8.170131, "relative_strength": 4.420334, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.790896, "energy": 88.543616, "activity_lines": [ 11.125212, 10.797798, 10.505049, 10.327082 ] }, { "date": "2026-05-29", "close": 11.747361, "volume": 12628, "typical_volume": 17268.05, "trend": 10.161, "fair_value": 8.204512, "relative_strength": 6.964577, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.266968, "energy": 93.681192, "activity_lines": [ 11.378395, 11.026088, 10.638501, 10.433917 ] }, { "date": "2026-06-05", "close": 11.435026, "volume": 55, "typical_volume": 16175.1, "trend": 10.223994, "fair_value": 8.234604, "relative_strength": 4.22443, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.276499, "energy": 83.141175, "activity_lines": [ 11.449084, 11.161256, 10.733541, 10.516112 ] }, { "date": "2026-06-12", "close": 11.652, "volume": 1591, "typical_volume": 15796.2, "trend": 10.286434, "fair_value": 8.265841, "relative_strength": 2.791445, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.232875, "energy": 82.243942, "activity_lines": [ 11.535335, 11.302728, 10.842842, 10.608241 ] }, { "date": "2026-06-19", "close": 11.994, "volume": 4415, "typical_volume": 15575.15, "trend": 10.371922, "fair_value": 8.300566, "relative_strength": 2.976817, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.014072, "energy": 87.449087, "activity_lines": [ 11.713295, 11.472308, 10.977582, 10.718407 ] }, { "date": "2026-06-26", "close": 11.544, "volume": 1947, "typical_volume": 14798.4, "trend": 10.437163, "fair_value": 8.332412, "relative_strength": 2.072075, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.895688, "energy": 62.66836, "activity_lines": [ 11.684628, 11.527446, 11.060692, 10.794025 ] }, { "date": "2026-07-03", "close": 11.592, "volume": 1526, "typical_volume": 13284.0, "trend": 10.504664, "fair_value": 8.365066, "relative_strength": -0.556214, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.185923, "energy": 60.448824, "activity_lines": [ 11.657135, 11.574874, 11.14238, 10.86853 ] }, { "date": "2026-07-10", "close": 11.568, "volume": 21059, "typical_volume": 12833.2, "trend": 10.57551, "fair_value": 8.397567, "relative_strength": -0.427797, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.562114, "energy": 55.440287, "activity_lines": [ 11.632, 11.599387, 11.215474, 10.937133 ] }, { "date": "2026-07-17", "close": 11.136, "volume": 23548, "typical_volume": 13355.0, "trend": 10.629969, "fair_value": 8.426734, "relative_strength": -2.78354, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.560071, "energy": 34.271432, "activity_lines": [ 11.454, 11.527455, 11.2423, 10.973293 ] }, { "date": "2026-07-24", "close": 11.388, "volume": 18496, "typical_volume": 12254.7, "trend": 10.691901, "fair_value": 8.455571, "relative_strength": -0.477529, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.785911, "energy": 26.91911, "activity_lines": [ 11.3944, 11.504644, 11.289982, 11.022199 ] }, { "date": "2026-07-31", "close": 11.244, "volume": 14394, "typical_volume": 12581.65, "trend": 10.740753, "fair_value": 8.48322, "relative_strength": -2.432499, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.84198, "energy": 21.508621, "activity_lines": [ 11.3272, 11.451226, 11.31762, 11.057818 ] }, { "date": "2026-08-07", "close": 11.482, "volume": 5390, "typical_volume": 12361.7, "trend": 10.792571, "fair_value": 8.513885, "relative_strength": -3.259135, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.621251, "energy": 22.447409, "activity_lines": [ 11.359333, 11.442491, 11.362486, 11.10564 ] } ], "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." } } }