{ "ticker": { "uuid": "ce46c0ca-d7d7-4c90-aa51-5cfa2ce054fb", "symbol": "CIB", "name": "UBS J.P. Morgan CNY China Gov 1-10 UCITS ETF USD acc", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 65.669, "architecture_energy": 64.765, "architecture_maturity": 100.0, "architecture_confidence": 61.709, "architecture_tenure": "Extended", "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": 10.65, "rotation_up": 54.66, "upward_expansion": 85.33, "deceleration": 68.66, "rotation_down": 29.19, "downward_expansion": 12.0 }, "activity_lines": [ 12.105467, 12.094109, 11.994857, 11.894826 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 12.044, "trend_reference": 11.7476, "distance_from_trend": 0.025231, "trend_direction": "Improving", "fair_value": 11.414936, "distance_from_fair_value": 0.055109, "fair_value_direction": "Improving", "relative_strength": -10.159965, "relative_strength_direction": "Weakening", "price_momentum": 0.059652, "excess_performance": -0.11124, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.025231, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.024089, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.055109, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.023991, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.1016, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.010448, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.059652, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.620356, "read": "Supply-led" } ], "volume": { "latest": 6708, "relative_activity": 1.79083, "balance": 0.620356, "dry_up": 1.340119, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.006285, "annualized_volatility": 0.057132, "from_high_reference": -0.014403, "from_low_reference": 0.101115 }, "levels": { "trend_reference": 11.7476, "fair_value_reference": 11.414936, "structural_low": 11.338, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 31, "median_return": 0.003008, "positive_rate": 0.580645, "directional_follow_through": 0.580645, "median_excess_return": -0.000838, "regime_survival": 0.870968, "best_return": 0.047989, "worst_return": -0.037479, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.024528, "positive_rate": 0.818182, "directional_follow_through": 0.818182, "median_excess_return": -0.041315, "regime_survival": 0.818182, "best_return": 0.045447, "worst_return": -0.078771, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.035497, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.066445, "regime_survival": 0.666667, "best_return": 0.070622, "worst_return": -0.098709, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.033369, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.101547, "regime_survival": 0.666667, "best_return": 0.087822, "worst_return": -0.071253, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-09-22", "end": "2023-10-06", "tenure": "New", "return": 0.005072, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-10-13", "end": "2023-11-03", "tenure": "New", "return": -0.015731, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-11-10", "end": "2024-02-02", "tenure": "Established", "return": 0.015023, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-02-09", "end": "2024-05-24", "tenure": "Established", "return": 0.001422, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-31", "end": "2024-06-28", "tenure": "Developing", "return": 0.015447, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-05", "end": "2025-02-14", "tenure": "Extended", "return": 0.057524, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-21", "end": "2025-02-28", "tenure": "New", "return": -0.00347, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-18", "tenure": "Developing", "return": -0.046003, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-10-17", "tenure": "Established", "return": 0.00361, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-24", "end": "2025-10-31", "tenure": "New", "return": 0.007914, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-11-07", "end": "2025-12-12", "tenure": "Developing", "return": -0.001599, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2025-12-26", "tenure": "New", "return": 0.002689, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-02", "end": "2026-01-09", "tenure": "New", "return": 0.018949, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-08-07", "tenure": "Extended", "return": 0.050227, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 10.872, "volume": 27647, "typical_volume": 22032.3, "trend": 11.152933, "fair_value": 10.963096, "relative_strength": -12.814245, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.768583, "energy": 32.042188, "activity_lines": [ 10.848, 10.827527, 10.926867, 11.022077 ] }, { "date": "2023-08-25", "close": 10.956, "volume": 34768, "typical_volume": 21961.55, "trend": 11.1372, "fair_value": 10.9725, "relative_strength": -12.902355, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.609144, "energy": 24.84766, "activity_lines": [ 10.888667, 10.8496, 10.921381, 11.009372 ] }, { "date": "2023-09-01", "close": 10.97, "volume": 32979, "typical_volume": 23299.1, "trend": 11.122333, "fair_value": 10.981686, "relative_strength": -13.49722, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.531512, "energy": 19.416331, "activity_lines": [ 10.919733, 10.874255, 10.918533, 10.998585 ] }, { "date": "2023-09-08", "close": 10.898, "volume": 26972, "typical_volume": 23931.45, "trend": 11.101, "fair_value": 10.990391, "relative_strength": -12.184926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.62502, "energy": 20.300187, "activity_lines": [ 10.920933, 10.884182, 10.909924, 10.984112 ] }, { "date": "2023-09-15", "close": 11.08, "volume": 18264, "typical_volume": 24642.35, "trend": 11.0878, "fair_value": 10.999833, "relative_strength": -12.15249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.092652, "energy": 14.334767, "activity_lines": [ 10.979067, 10.9256, 10.919981, 10.982757 ] }, { "date": "2023-09-22", "close": 11.042, "volume": 9544, "typical_volume": 22017.45, "trend": 11.074933, "fair_value": 11.008147, "relative_strength": -10.739227, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.009158, "energy": 15.688632, "activity_lines": [ 11.008, 10.955818, 10.926552, 10.979802 ] }, { "date": "2023-09-29", "close": 11.148, "volume": 3605, "typical_volume": 21338.55, "trend": 11.064733, "fair_value": 11.017365, "relative_strength": -8.059588, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 13.938011, "energy": 29.486327, "activity_lines": [ 11.060933, 10.9988, 10.943733, 10.984516 ] }, { "date": "2023-10-06", "close": 11.098, "volume": 39074, "typical_volume": 22999.7, "trend": 11.055067, "fair_value": 11.025763, "relative_strength": -6.310728, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.531493, "energy": 41.873178, "activity_lines": [ 11.0844, 11.025309, 10.956505, 10.986662 ] }, { "date": "2023-10-13", "close": 11.188, "volume": 28363, "typical_volume": 23883.95, "trend": 11.0458, "fair_value": 11.034154, "relative_strength": -6.235441, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.042341, "energy": 57.500963, "activity_lines": [ 11.129333, 11.064255, 10.97841, 10.995239 ] }, { "date": "2023-10-20", "close": 11.072, "volume": 6218, "typical_volume": 23408.95, "trend": 11.0348, "fair_value": 11.042141, "relative_strength": -3.579231, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.273065, "energy": 48.207794, "activity_lines": [ 11.116267, 11.075818, 10.989629, 10.996929 ] }, { "date": "2023-10-27", "close": 11.07, "volume": 14873, "typical_volume": 22767.55, "trend": 11.026467, "fair_value": 11.049571, "relative_strength": -2.856199, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.698074, "energy": 32.037283, "activity_lines": [ 11.103067, 11.082655, 11.001333, 10.9992 ] }, { "date": "2023-11-03", "close": 11.012, "volume": 6180, "typical_volume": 22089.75, "trend": 11.0192, "fair_value": 11.056397, "relative_strength": -7.51646, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.754799, "energy": 15.661111, "activity_lines": [ 11.068667, 11.075345, 11.007867, 10.998267 ] }, { "date": "2023-11-10", "close": 11.05, "volume": 6900, "typical_volume": 22004.5, "trend": 11.0142, "fair_value": 11.0635, "relative_strength": -6.289696, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.948362, "energy": 8.959869, "activity_lines": [ 11.056, 11.073927, 11.017762, 11.000254 ] }, { "date": "2023-11-17", "close": 10.96, "volume": 26577, "typical_volume": 22684.0, "trend": 11.006933, "fair_value": 11.069878, "relative_strength": -9.814271, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.14215, "energy": 10.476345, "activity_lines": [ 11.016533, 11.054691, 11.018276, 10.996757 ] }, { "date": "2023-11-24", "close": 11.028, "volume": 15565, "typical_volume": 20907.6, "trend": 11.004267, "fair_value": 11.07734, "relative_strength": -8.715796, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.450033, "energy": 9.199226, "activity_lines": [ 11.014933, 11.046691, 11.024552, 10.998116 ] }, { "date": "2023-12-01", "close": 11.126, "volume": 20493, "typical_volume": 21686.45, "trend": 11.003467, "fair_value": 11.086045, "relative_strength": -9.056339, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.376928, "energy": 18.20311, "activity_lines": [ 11.048933, 11.057455, 11.039286, 11.00597 ] }, { "date": "2023-12-08", "close": 11.146, "volume": 17847, "typical_volume": 21948.95, "trend": 11.000933, "fair_value": 11.094596, "relative_strength": -9.883318, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.988904, "energy": 28.000094, "activity_lines": [ 11.085867, 11.070327, 11.053819, 11.015166 ] }, { "date": "2023-12-15", "close": 11.088, "volume": 27453, "typical_volume": 22289.6, "trend": 10.996667, "fair_value": 11.103199, "relative_strength": -9.782145, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.90546, "energy": 35.117702, "activity_lines": [ 11.094533, 11.072691, 11.060905, 11.020783 ] }, { "date": "2023-12-22", "close": 10.98, "volume": 5092, "typical_volume": 20269.75, "trend": 10.9872, "fair_value": 11.110853, "relative_strength": -10.123539, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.864808, "energy": 18.145474, "activity_lines": [ 11.064667, 11.0556, 11.056724, 11.019708 ] }, { "date": "2023-12-29", "close": 10.952, "volume": 21002, "typical_volume": 19470.8, "trend": 10.978467, "fair_value": 11.118346, "relative_strength": -9.834831, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.674193, "energy": 5.432894, "activity_lines": [ 11.024133, 11.0372, 11.049219, 11.017437 ] }, { "date": "2024-01-05", "close": 11.064, "volume": 28243, "typical_volume": 19500.6, "trend": 10.9758, "fair_value": 11.125891, "relative_strength": -8.754857, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.820393, "energy": 12.934124, "activity_lines": [ 11.026, 11.041345, 11.05181, 11.022955 ] }, { "date": "2024-01-12", "close": 11.014, "volume": 697, "typical_volume": 17797.05, "trend": 10.977667, "fair_value": 11.132494, "relative_strength": -8.873991, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.617078, "energy": 13.137985, "activity_lines": [ 11.015333, 11.036509, 11.048724, 11.025419 ] }, { "date": "2024-01-19", "close": 11.08, "volume": 3163, "typical_volume": 16306.25, "trend": 10.984333, "fair_value": 11.139538, "relative_strength": -7.414039, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.474799, "energy": 10.333648, "activity_lines": [ 11.035467, 11.043636, 11.051648, 11.032022 ] }, { "date": "2024-01-26", "close": 11.15, "volume": 12893, "typical_volume": 15602.3, "trend": 10.995667, "fair_value": 11.146795, "relative_strength": -6.82456, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.332658, "energy": 28.582998, "activity_lines": [ 11.079467, 11.062945, 11.060714, 11.04271 ] }, { "date": "2024-02-02", "close": 11.216, "volume": 3182, "typical_volume": 14848.2, "trend": 11.008067, "fair_value": 11.154115, "relative_strength": -7.042105, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.505568, "energy": 54.833965, "activity_lines": [ 11.134133, 11.0908, 11.074867, 11.056925 ] }, { "date": "2024-02-09", "close": 11.25, "volume": 12520, "typical_volume": 14997.0, "trend": 11.026933, "fair_value": 11.161833, "relative_strength": -7.790991, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.009003, "energy": 69.31048, "activity_lines": [ 11.182533, 11.121418, 11.09161, 11.072533 ] }, { "date": "2024-02-16", "close": 11.23, "volume": 1114, "typical_volume": 14872.45, "trend": 11.0432, "fair_value": 11.169667, "relative_strength": -9.360283, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.759242, "energy": 71.096783, "activity_lines": [ 11.211867, 11.146145, 11.105457, 11.085634 ] }, { "date": "2024-02-23", "close": 11.232, "volume": 46515, "typical_volume": 15244.5, "trend": 11.054867, "fair_value": 11.177526, "relative_strength": -11.68246, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.258932, "energy": 71.762006, "activity_lines": [ 11.227467, 11.169709, 11.119105, 11.097815 ] }, { "date": "2024-03-01", "close": 11.244, "volume": 3308, "typical_volume": 13991.75, "trend": 11.068267, "fair_value": 11.184846, "relative_strength": -11.907657, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.78956, "energy": 68.889337, "activity_lines": [ 11.236933, 11.192836, 11.133257, 11.110017 ] }, { "date": "2024-03-08", "close": 11.16, "volume": 2323, "typical_volume": 13797.0, "trend": 11.0792, "fair_value": 11.191615, "relative_strength": -13.438074, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.088309, "energy": 41.504017, "activity_lines": [ 11.212133, 11.195891, 11.139143, 11.115935 ] }, { "date": "2024-03-15", "close": 11.174, "volume": 1881, "typical_volume": 13147.4, "trend": 11.089267, "fair_value": 11.198346, "relative_strength": -14.182953, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.988259, "energy": 29.678961, "activity_lines": [ 11.195733, 11.197709, 11.145943, 11.122052 ] }, { "date": "2024-03-22", "close": 11.214, "volume": 2955, "typical_volume": 12986.15, "trend": 11.097867, "fair_value": 11.204885, "relative_strength": -14.400353, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.820172, "energy": 27.837622, "activity_lines": [ 11.197733, 11.2048, 11.156057, 11.130099 ] }, { "date": "2024-03-29", "close": 11.25, "volume": 2010, "typical_volume": 12741.65, "trend": 11.1072, "fair_value": 11.211705, "relative_strength": -14.725802, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.169604, "energy": 29.72511, "activity_lines": [ 11.2128, 11.2148, 11.168638, 11.139914 ] }, { "date": "2024-04-05", "close": 11.232, "volume": 3567, "typical_volume": 11591.15, "trend": 11.118333, "fair_value": 11.218821, "relative_strength": -12.647703, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.601195, "energy": 33.976367, "activity_lines": [ 11.220667, 11.218436, 11.178552, 11.147966 ] }, { "date": "2024-04-12", "close": 11.438, "volume": 3029, "typical_volume": 10964.35, "trend": 11.130267, "fair_value": 11.227397, "relative_strength": -10.106468, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.191966, "energy": 70.7315, "activity_lines": [ 11.298, 11.258036, 11.20679, 11.168589 ] }, { "date": "2024-04-19", "close": 11.434, "volume": 12772, "typical_volume": 10578.3, "trend": 11.143333, "fair_value": 11.236, "relative_strength": -10.255107, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.741854, "energy": 82.916624, "activity_lines": [ 11.355467, 11.292873, 11.232695, 11.188185 ] }, { "date": "2024-04-26", "close": 11.39, "volume": 143, "typical_volume": 9693.1, "trend": 11.1514, "fair_value": 11.24391, "relative_strength": -11.103017, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.911202, "energy": 79.622561, "activity_lines": [ 11.380933, 11.316364, 11.252943, 11.204099 ] }, { "date": "2024-05-03", "close": 11.43, "volume": 2762, "typical_volume": 8458.55, "trend": 11.162467, "fair_value": 11.252244, "relative_strength": -8.825655, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.614702, "energy": 82.982565, "activity_lines": [ 11.408, 11.344218, 11.275838, 11.222073 ] }, { "date": "2024-05-10", "close": 11.358, "volume": 13689, "typical_volume": 8888.4, "trend": 11.168133, "fair_value": 11.260051, "relative_strength": -11.71103, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.559673, "energy": 71.020762, "activity_lines": [ 11.399067, 11.355382, 11.290248, 11.234688 ] }, { "date": "2024-05-17", "close": 11.252, "volume": 6421, "typical_volume": 8159.35, "trend": 11.174133, "fair_value": 11.267346, "relative_strength": -13.968574, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.049193, "energy": 39.655408, "activity_lines": [ 11.3464, 11.3452, 11.292762, 11.240099 ] }, { "date": "2024-05-24", "close": 11.266, "volume": 4382, "typical_volume": 6966.3, "trend": 11.180667, "fair_value": 11.274038, "relative_strength": -11.154417, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.301646, "energy": 24.263332, "activity_lines": [ 11.3108, 11.335891, 11.295181, 11.246026 ] }, { "date": "2024-05-31", "close": 11.264, "volume": 1842, "typical_volume": 7023.55, "trend": 11.189067, "fair_value": 11.280885, "relative_strength": -10.763299, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.730198, "energy": 24.071214, "activity_lines": [ 11.285733, 11.324545, 11.296448, 11.251402 ] }, { "date": "2024-06-07", "close": 11.306, "volume": 2807, "typical_volume": 7005.75, "trend": 11.1976, "fair_value": 11.287795, "relative_strength": -10.469128, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.091334, "energy": 23.504859, "activity_lines": [ 11.283067, 11.319927, 11.300524, 11.258946 ] }, { "date": "2024-06-14", "close": 11.294, "volume": 1783, "typical_volume": 6450.25, "trend": 11.208733, "fair_value": 11.293808, "relative_strength": -4.86316, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.470633, "energy": 18.635772, "activity_lines": [ 11.284667, 11.312109, 11.302381, 11.265166 ] }, { "date": "2024-06-21", "close": 11.428, "volume": 2787, "typical_volume": 6430.5, "trend": 11.222067, "fair_value": 11.300974, "relative_strength": -5.311192, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.237125, "energy": 32.481316, "activity_lines": [ 11.3352, 11.327527, 11.316314, 11.279312 ] }, { "date": "2024-06-28", "close": 11.438, "volume": 1417, "typical_volume": 5875.35, "trend": 11.232467, "fair_value": 11.307667, "relative_strength": -4.593268, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 65.713105, "energy": 47.047482, "activity_lines": [ 11.377333, 11.344945, 11.33019, 11.293243 ] }, { "date": "2024-07-05", "close": 11.404, "volume": 10, "typical_volume": 5820.15, "trend": 11.241067, "fair_value": 11.314244, "relative_strength": -6.939545, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.354185, "energy": 58.400372, "activity_lines": [ 11.396667, 11.356109, 11.339933, 11.30431 ] }, { "date": "2024-07-12", "close": 11.292, "volume": 1153, "typical_volume": 3552.05, "trend": 11.247867, "fair_value": 11.319564, "relative_strength": -9.209884, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.069939, "energy": 45.89172, "activity_lines": [ 11.369333, 11.346655, 11.338181, 11.307596 ] }, { "date": "2024-07-19", "close": 11.252, "volume": 6659, "typical_volume": 3719.6, "trend": 11.256933, "fair_value": 11.32409, "relative_strength": -8.353634, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 18.446153, "energy": 12.473461, "activity_lines": [ 11.3296, 11.332436, 11.332333, 11.307862 ] }, { "date": "2024-07-26", "close": 11.342, "volume": 229, "typical_volume": 3614.9, "trend": 11.269933, "fair_value": 11.329449, "relative_strength": -6.348976, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.718731, "energy": 16.337227, "activity_lines": [ 11.322667, 11.336509, 11.335019, 11.313351 ] }, { "date": "2024-08-02", "close": 11.482, "volume": 2337, "typical_volume": 3637.7, "trend": 11.283867, "fair_value": 11.335308, "relative_strength": 0.227275, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.397046, "energy": 28.628577, "activity_lines": [ 11.368133, 11.3644, 11.350171, 11.327032 ] }, { "date": "2024-08-09", "close": 11.446, "volume": 2167, "typical_volume": 3598.3, "trend": 11.298267, "fair_value": 11.341077, "relative_strength": 0.782424, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.205186, "energy": 38.037645, "activity_lines": [ 11.398667, 11.381818, 11.360429, 11.337492 ] }, { "date": "2024-08-16", "close": 11.38, "volume": 17130, "typical_volume": 4354.3, "trend": 11.308267, "fair_value": 11.345923, "relative_strength": -3.371381, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.317241, "energy": 54.836787, "activity_lines": [ 11.4044, 11.383927, 11.363295, 11.342766 ] }, { "date": "2024-08-23", "close": 11.328, "volume": 3000, "typical_volume": 4325.95, "trend": 11.3142, "fair_value": 11.350897, "relative_strength": -5.289237, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.690116, "energy": 42.314948, "activity_lines": [ 11.386933, 11.375236, 11.36059, 11.344039 ] }, { "date": "2024-08-30", "close": 11.418, "volume": 910, "typical_volume": 4220.0, "trend": 11.320933, "fair_value": 11.356551, "relative_strength": -6.287588, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.877702, "energy": 30.986332, "activity_lines": [ 11.3944, 11.382291, 11.366, 11.350735 ] }, { "date": "2024-09-06", "close": 11.42, "volume": 458, "typical_volume": 3604.3, "trend": 11.3266, "fair_value": 11.362026, "relative_strength": -2.998752, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.260266, "energy": 25.865533, "activity_lines": [ 11.397467, 11.389891, 11.371695, 11.357127 ] }, { "date": "2024-09-13", "close": 11.464, "volume": 800, "typical_volume": 3637.15, "trend": 11.3344, "fair_value": 11.367295, "relative_strength": -3.207786, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.051017, "energy": 34.620407, "activity_lines": [ 11.419333, 11.405818, 11.381648, 11.365991 ] }, { "date": "2024-09-20", "close": 11.474, "volume": 1144, "typical_volume": 3556.25, "trend": 11.342467, "fair_value": 11.372474, "relative_strength": -3.434973, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.205506, "energy": 57.578533, "activity_lines": [ 11.443333, 11.422473, 11.3922, 11.374998 ] }, { "date": "2024-09-27", "close": 11.498, "volume": 7972, "typical_volume": 3270.4, "trend": 11.350933, "fair_value": 11.37659, "relative_strength": -5.593776, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.610092, "energy": 65.251137, "activity_lines": [ 11.469067, 11.440182, 11.404829, 11.385032 ] }, { "date": "2024-10-04", "close": 11.506, "volume": 27377, "typical_volume": 4318.2, "trend": 11.362467, "fair_value": 11.380936, "relative_strength": -2.038151, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.951129, "energy": 66.987471, "activity_lines": [ 11.486133, 11.454873, 11.417552, 11.395037 ] }, { "date": "2024-10-11", "close": 11.574, "volume": 416, "typical_volume": 4119.9, "trend": 11.3758, "fair_value": 11.385936, "relative_strength": -3.196566, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.572686, "energy": 75.404247, "activity_lines": [ 11.52, 11.478945, 11.435543, 11.408684 ] }, { "date": "2024-10-18", "close": 11.68, "volume": 1803, "typical_volume": 4117.95, "trend": 11.391333, "fair_value": 11.391256, "relative_strength": -4.411614, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.03976, "energy": 86.718573, "activity_lines": [ 11.578933, 11.520618, 11.462162, 11.42831 ] }, { "date": "2024-10-25", "close": 11.672, "volume": 2652, "typical_volume": 4110.2, "trend": 11.4054, "fair_value": 11.396321, "relative_strength": -2.924669, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.72583, "energy": 88.773757, "activity_lines": [ 11.6208, 11.556582, 11.486038, 11.446417 ] }, { "date": "2024-11-01", "close": 11.646, "volume": 2674, "typical_volume": 4154.75, "trend": 11.4192, "fair_value": 11.400731, "relative_strength": -2.600591, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.570906, "energy": 88.055621, "activity_lines": [ 11.6408, 11.582509, 11.505695, 11.46194 ] }, { "date": "2024-11-08", "close": 11.706, "volume": 4990, "typical_volume": 4264.9, "trend": 11.428133, "fair_value": 11.404692, "relative_strength": 0.620967, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.195632, "energy": 90.806993, "activity_lines": [ 11.670933, 11.613564, 11.52939, 11.480443 ] }, { "date": "2024-11-15", "close": 11.856, "volume": 2288, "typical_volume": 4308.45, "trend": 11.4422, "fair_value": 11.408692, "relative_strength": 0.93256, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.446562, "energy": 95.66437, "activity_lines": [ 11.737733, 11.666655, 11.566048, 11.508047 ] }, { "date": "2024-11-22", "close": 11.984, "volume": 7066, "typical_volume": 4661.25, "trend": 11.462, "fair_value": 11.413513, "relative_strength": 4.243911, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.531781, "energy": 96.856834, "activity_lines": [ 11.8284, 11.735091, 11.612905, 11.543002 ] }, { "date": "2024-11-29", "close": 11.83, "volume": 1377, "typical_volume": 4672.45, "trend": 11.475333, "fair_value": 11.417026, "relative_strength": 3.253248, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.143986, "energy": 85.424972, "activity_lines": [ 11.847467, 11.766073, 11.642333, 11.566744 ] }, { "date": "2024-12-06", "close": 11.856, "volume": 900, "typical_volume": 4384.5, "trend": 11.491933, "fair_value": 11.420667, "relative_strength": -0.353199, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.783467, "energy": 83.094296, "activity_lines": [ 11.864667, 11.795309, 11.671676, 11.591303 ] }, { "date": "2024-12-13", "close": 11.996, "volume": 5216, "typical_volume": 4633.85, "trend": 11.516733, "fair_value": 11.425103, "relative_strength": 0.541587, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.623278, "energy": 78.433537, "activity_lines": [ 11.914533, 11.843491, 11.711476, 11.623824 ] }, { "date": "2024-12-20", "close": 12.098, "volume": 7073, "typical_volume": 4870.65, "trend": 11.544467, "fair_value": 11.429744, "relative_strength": 4.789104, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.222148, "energy": 74.886001, "activity_lines": [ 11.979067, 11.901309, 11.757876, 11.661325 ] }, { "date": "2024-12-27", "close": 12.112, "volume": 2251, "typical_volume": 4874.85, "trend": 11.572733, "fair_value": 11.434654, "relative_strength": 3.733921, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.007916, "energy": 87.38432, "activity_lines": [ 12.032133, 11.952145, 11.802676, 11.69794 ] }, { "date": "2025-01-03", "close": 12.224, "volume": 914, "typical_volume": 4064.05, "trend": 11.603333, "fair_value": 11.440564, "relative_strength": 4.825503, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.367294, "energy": 94.484497, "activity_lines": [ 12.114, 12.015491, 11.854971, 11.739957 ] }, { "date": "2025-01-10", "close": 12.24, "volume": 21197, "typical_volume": 4973.9, "trend": 11.634867, "fair_value": 11.446808, "relative_strength": 2.157814, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.777738, "energy": 93.191024, "activity_lines": [ 12.174933, 12.071709, 11.904771, 11.781032 ] }, { "date": "2025-01-17", "close": 12.186, "volume": 2867, "typical_volume": 5071.75, "trend": 11.660133, "fair_value": 11.451526, "relative_strength": -1.430543, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.360209, "energy": 85.453899, "activity_lines": [ 12.192267, 12.107309, 11.945086, 11.816589 ] }, { "date": "2025-01-24", "close": 12.064, "volume": 1950, "typical_volume": 5146.35, "trend": 11.681, "fair_value": 11.454436, "relative_strength": -2.050103, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.410066, "energy": 66.563401, "activity_lines": [ 12.156267, 12.112, 11.970124, 11.842645 ] }, { "date": "2025-01-31", "close": 12.134, "volume": 2679, "typical_volume": 5240.3, "trend": 11.705333, "fair_value": 11.459551, "relative_strength": -2.034184, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.576971, "energy": 62.719219, "activity_lines": [ 12.145867, 12.125636, 11.998762, 11.871871 ] }, { "date": "2025-02-07", "close": 12.238, "volume": 34668, "typical_volume": 6916.5, "trend": 11.736867, "fair_value": 11.465167, "relative_strength": -2.58162, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.513399, "energy": 63.936253, "activity_lines": [ 12.168667, 12.155455, 12.034114, 11.906237 ] }, { "date": "2025-02-14", "close": 12.06, "volume": 1000, "typical_volume": 6567.9, "trend": 11.7638, "fair_value": 11.469103, "relative_strength": -6.13566, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.250392, "energy": 44.989659, "activity_lines": [ 12.1312, 12.145491, 12.048876, 11.927084 ] }, { "date": "2025-02-21", "close": 12.104, "volume": 134, "typical_volume": 5205.75, "trend": 11.7892, "fair_value": 11.472679, "relative_strength": -6.728638, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.032209, "energy": 44.875875, "activity_lines": [ 12.1204, 12.139818, 12.065152, 11.949032 ] }, { "date": "2025-02-28", "close": 12.062, "volume": 1500, "typical_volume": 5259.95, "trend": 11.808533, "fair_value": 11.473846, "relative_strength": -7.460213, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.607268, "energy": 39.315069, "activity_lines": [ 12.101067, 12.124545, 12.074581, 11.966632 ] }, { "date": "2025-03-07", "close": 11.608, "volume": 584, "typical_volume": 5199.0, "trend": 11.813933, "fair_value": 11.472423, "relative_strength": -10.630451, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -20.972417, "energy": 30.566656, "activity_lines": [ 11.930533, 12.027382, 12.038448, 11.953695 ] }, { "date": "2025-03-14", "close": 11.608, "volume": 0, "typical_volume": 5066.4, "trend": 11.821533, "fair_value": 11.471987, "relative_strength": -10.626051, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -49.357545, "energy": 55.419179, "activity_lines": [ 11.795067, 11.939382, 12.002657, 11.940409 ] }, { "date": "2025-03-21", "close": 11.57, "volume": 405, "typical_volume": 4952.95, "trend": 11.8296, "fair_value": 11.470974, "relative_strength": -11.635714, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.730659, "energy": 79.04697, "activity_lines": [ 11.688933, 11.855673, 11.963552, 11.924181 ] }, { "date": "2025-03-28", "close": 11.642, "volume": 246, "typical_volume": 4715.75, "trend": 11.837067, "fair_value": 11.470654, "relative_strength": -10.284727, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.529444, "energy": 73.990343, "activity_lines": [ 11.639467, 11.797236, 11.931667, 11.912077 ] }, { "date": "2025-04-04", "close": 11.492, "volume": 9710, "typical_volume": 5086.85, "trend": 11.839467, "fair_value": 11.468115, "relative_strength": -0.995113, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.0881, "energy": 83.261551, "activity_lines": [ 11.5708, 11.721418, 11.8858, 11.889815 ] }, { "date": "2025-04-11", "close": 11.116, "volume": 5019, "typical_volume": 4984.5, "trend": 11.827867, "fair_value": 11.462769, "relative_strength": -2.418975, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -68.993965, "energy": 88.094228, "activity_lines": [ 11.4148, 11.587636, 11.805857, 11.84314 ] }, { "date": "2025-04-18", "close": 11.074, "volume": 16593, "typical_volume": 5745.3, "trend": 11.814533, "fair_value": 11.458526, "relative_strength": -7.906741, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -92.681711, "energy": 96.725454, "activity_lines": [ 11.2776, 11.464727, 11.726048, 11.794503 ] }, { "date": "2025-04-25", "close": 11.08, "volume": 3268, "typical_volume": 5863.7, "trend": 11.8006, "fair_value": 11.453795, "relative_strength": -11.048229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.923786, "energy": 93.628588, "activity_lines": [ 11.178, 11.364073, 11.65041, 11.747114 ] }, { "date": "2025-05-02", "close": 11.212, "volume": 1090, "typical_volume": 5657.4, "trend": 11.7908, "fair_value": 11.450923, "relative_strength": -12.049836, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.156242, "energy": 87.558448, "activity_lines": [ 11.155067, 11.305236, 11.591038, 11.70914 ] }, { "date": "2025-05-09", "close": 11.274, "volume": 2595, "typical_volume": 5433.5, "trend": 11.7808, "fair_value": 11.448308, "relative_strength": -13.697716, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.855841, "energy": 81.970397, "activity_lines": [ 11.181467, 11.273891, 11.541305, 11.675798 ] }, { "date": "2025-05-16", "close": 11.432, "volume": 5090, "typical_volume": 5575.45, "trend": 11.772533, "fair_value": 11.446667, "relative_strength": -15.075829, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.267526, "energy": 61.811509, "activity_lines": [ 11.275067, 11.2856, 11.510543, 11.653295 ] }, { "date": "2025-05-23", "close": 11.432, "volume": 0, "typical_volume": 5529.75, "trend": 11.764533, "fair_value": 11.44609, "relative_strength": -12.346553, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.289186, "energy": 44.561965, "activity_lines": [ 11.3476, 11.300509, 11.483019, 11.631325 ] }, { "date": "2025-05-30", "close": 11.274, "volume": 465, "typical_volume": 4493.15, "trend": 11.752133, "fair_value": 11.443782, "relative_strength": -14.652504, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.842282, "energy": 37.029436, "activity_lines": [ 11.3436, 11.289891, 11.444219, 11.599677 ] }, { "date": "2025-06-06", "close": 11.246, "volume": 11770, "typical_volume": 4938.3, "trend": 11.7368, "fair_value": 11.440974, "relative_strength": -15.702217, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.742382, "energy": 42.868534, "activity_lines": [ 11.317333, 11.279564, 11.407352, 11.567024 ] }, { "date": "2025-06-13", "close": 11.098, "volume": 2520, "typical_volume": 4966.8, "trend": 11.711533, "fair_value": 11.436692, "relative_strength": -14.034691, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.541479, "energy": 61.335526, "activity_lines": [ 11.239467, 11.249527, 11.360867, 11.525811 ] }, { "date": "2025-06-20", "close": 11.126, "volume": 9167, "typical_volume": 5291.2, "trend": 11.682933, "fair_value": 11.432808, "relative_strength": -13.057016, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.52981, "energy": 64.737171, "activity_lines": [ 11.182667, 11.231745, 11.321648, 11.488034 ] }, { "date": "2025-06-27", "close": 11.158, "volume": 1790, "typical_volume": 3647.3, "trend": 11.660533, "fair_value": 11.428231, "relative_strength": -13.600885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.39527, "energy": 70.175491, "activity_lines": [ 11.156933, 11.2196, 11.290276, 11.454168 ] }, { "date": "2025-07-04", "close": 10.956, "volume": 1391, "typical_volume": 3666.85, "trend": 11.630533, "fair_value": 11.420603, "relative_strength": -14.609855, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.068282, "energy": 77.454164, "activity_lines": [ 11.082133, 11.1692, 11.24481, 11.408714 ] }, { "date": "2025-07-11", "close": 10.98, "volume": 1000, "typical_volume": 3710.15, "trend": 11.596667, "fair_value": 11.412949, "relative_strength": -15.131517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.537861, "energy": 90.90242, "activity_lines": [ 11.036533, 11.125418, 11.206886, 11.366744 ] }, { "date": "2025-07-18", "close": 11.056, "volume": 626, "typical_volume": 3666.45, "trend": 11.561933, "fair_value": 11.4065, "relative_strength": -14.762929, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.127048, "energy": 83.792148, "activity_lines": [ 11.034, 11.099673, 11.181552, 11.331862 ] }, { "date": "2025-07-25", "close": 11.056, "volume": 0, "typical_volume": 3637.25, "trend": 11.526733, "fair_value": 11.399679, "relative_strength": -15.305593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.068569, "energy": 84.408142, "activity_lines": [ 11.034267, 11.077891, 11.16101, 11.299222 ] }, { "date": "2025-08-01", "close": 11.158, "volume": 1829, "typical_volume": 3728.7, "trend": 11.4912, "fair_value": 11.393256, "relative_strength": -12.43228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.055044, "energy": 58.59216, "activity_lines": [ 11.0732, 11.081491, 11.15281, 11.275432 ] }, { "date": "2025-08-08", "close": 11.03, "volume": 160, "typical_volume": 3716.45, "trend": 11.450867, "fair_value": 11.3865, "relative_strength": -16.45349, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.027934, "energy": 50.222783, "activity_lines": [ 11.069467, 11.0668, 11.134562, 11.245677 ] }, { "date": "2025-08-15", "close": 11.006, "volume": 2181, "typical_volume": 3813.2, "trend": 11.411533, "fair_value": 11.378808, "relative_strength": -18.219993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.006778, "energy": 53.304198, "activity_lines": [ 11.0528, 11.052182, 11.1166, 11.216976 ] }, { "date": "2025-08-22", "close": 10.978, "volume": 43, "typical_volume": 3329.85, "trend": 11.375333, "fair_value": 11.371051, "relative_strength": -19.254283, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.859638, "energy": 56.12062, "activity_lines": [ 11.025067, 11.036836, 11.099, 11.189006 ] }, { "date": "2025-08-29", "close": 11.068, "volume": 478, "typical_volume": 3102.8, "trend": 11.3398, "fair_value": 11.364115, "relative_strength": -16.083867, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.035779, "energy": 53.314011, "activity_lines": [ 11.032533, 11.040036, 11.092419, 11.169178 ] }, { "date": "2025-09-05", "close": 11.054, "volume": 2354, "typical_volume": 2390.85, "trend": 11.300333, "fair_value": 11.357628, "relative_strength": -14.599124, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.670797, "energy": 49.600974, "activity_lines": [ 11.034533, 11.041745, 11.084733, 11.15074 ] }, { "date": "2025-09-12", "close": 11.014, "volume": 32, "typical_volume": 2229.05, "trend": 11.265467, "fair_value": 11.351333, "relative_strength": -16.395502, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.263064, "energy": 49.66464, "activity_lines": [ 11.030133, 11.038073, 11.073333, 11.132267 ] }, { "date": "2025-09-19", "close": 10.938, "volume": 108, "typical_volume": 2179.95, "trend": 11.2266, "fair_value": 11.343949, "relative_strength": -16.049677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.989502, "energy": 54.641886, "activity_lines": [ 11.001467, 11.019527, 11.05501, 11.11114 ] }, { "date": "2025-09-26", "close": 11.032, "volume": 2736, "typical_volume": 2187.0, "trend": 11.192267, "fair_value": 11.337782, "relative_strength": -15.609741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.981042, "energy": 43.587071, "activity_lines": [ 11.008667, 11.018836, 11.046943, 11.098585 ] }, { "date": "2025-10-03", "close": 10.994, "volume": 5102, "typical_volume": 2187.6, "trend": 11.1718, "fair_value": 11.331179, "relative_strength": -16.628124, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.178438, "energy": 49.598726, "activity_lines": [ 10.9996, 11.011673, 11.03641, 11.085794 ] }, { "date": "2025-10-10", "close": 11.126, "volume": 13405, "typical_volume": 2857.85, "trend": 11.155733, "fair_value": 11.325872, "relative_strength": -12.798925, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.645796, "energy": 23.031965, "activity_lines": [ 11.039467, 11.029636, 11.040533, 11.082839 ] }, { "date": "2025-10-17", "close": 11.12, "volume": 8, "typical_volume": 2835.0, "trend": 11.140733, "fair_value": 11.320923, "relative_strength": -11.874955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.009745, "energy": 11.884746, "activity_lines": [ 11.072533, 11.047091, 11.045543, 11.080533 ] }, { "date": "2025-10-24", "close": 11.12, "volume": 0, "typical_volume": 2246.5, "trend": 11.123333, "fair_value": 11.317615, "relative_strength": -12.977718, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.521139, "energy": 17.229402, "activity_lines": [ 11.098533, 11.062909, 11.051286, 11.079196 ] }, { "date": "2025-10-31", "close": 11.208, "volume": 11517, "typical_volume": 2696.35, "trend": 11.113867, "fair_value": 11.313705, "relative_strength": -13.263818, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 43.198393, "energy": 45.560991, "activity_lines": [ 11.141733, 11.092655, 11.06601, 11.084658 ] }, { "date": "2025-11-07", "close": 11.254, "volume": 8209, "typical_volume": 2648.45, "trend": 11.118467, "fair_value": 11.312397, "relative_strength": -11.911227, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.266707, "energy": 73.818368, "activity_lines": [ 11.188533, 11.126582, 11.08459, 11.093699 ] }, { "date": "2025-11-14", "close": 11.208, "volume": 107, "typical_volume": 2564.3, "trend": 11.122933, "fair_value": 11.311487, "relative_strength": -13.907248, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.575822, "energy": 68.305609, "activity_lines": [ 11.202667, 11.148764, 11.098181, 11.099475 ] }, { "date": "2025-11-21", "close": 11.23, "volume": 305, "typical_volume": 2510.0, "trend": 11.127933, "fair_value": 11.311628, "relative_strength": -10.492948, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 45.309936, "energy": 73.724521, "activity_lines": [ 11.218667, 11.172145, 11.113629, 11.106383 ] }, { "date": "2025-11-28", "close": 11.266, "volume": 4734, "typical_volume": 2696.7, "trend": 11.129733, "fair_value": 11.311295, "relative_strength": -11.097826, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 51.098368, "energy": 76.591688, "activity_lines": [ 11.239333, 11.198145, 11.1312, 11.11529 ] }, { "date": "2025-12-05", "close": 11.266, "volume": 0, "typical_volume": 2665.4, "trend": 11.129467, "fair_value": 11.310462, "relative_strength": -10.77321, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.88775, "energy": 69.991194, "activity_lines": [ 11.250267, 11.218182, 11.14741, 11.124082 ] }, { "date": "2025-12-12", "close": 11.236, "volume": 7, "typical_volume": 2665.75, "trend": 11.122933, "fair_value": 11.30991, "relative_strength": -10.67052, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 65.909839, "energy": 73.408877, "activity_lines": [ 11.247333, 11.228509, 11.159762, 11.130955 ] }, { "date": "2025-12-19", "close": 11.158, "volume": 1558, "typical_volume": 2652.2, "trend": 11.1138, "fair_value": 11.309026, "relative_strength": -13.126287, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.944466, "energy": 45.284085, "activity_lines": [ 11.2196, 11.220255, 11.163829, 11.133217 ] }, { "date": "2025-12-26", "close": 11.188, "volume": 3000, "typical_volume": 2794.2, "trend": 11.110933, "fair_value": 11.307744, "relative_strength": -11.985941, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.240942, "energy": 35.225398, "activity_lines": [ 11.2052, 11.216873, 11.170752, 11.138004 ] }, { "date": "2026-01-02", "close": 11.188, "volume": 0, "typical_volume": 2685.15, "trend": 11.109, "fair_value": 11.305179, "relative_strength": -12.817089, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.75623, "energy": 27.823307, "activity_lines": [ 11.1936, 11.212255, 11.176924, 11.142976 ] }, { "date": "2026-01-09", "close": 11.4, "volume": 417, "typical_volume": 2703.85, "trend": 11.119067, "fair_value": 11.304141, "relative_strength": -11.235073, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 87.486293, "energy": 60.274445, "activity_lines": [ 11.257867, 11.244945, 11.202419, 11.161751 ] }, { "date": "2026-01-16", "close": 11.468, "volume": 9505, "typical_volume": 3155.2, "trend": 11.130467, "fair_value": 11.304397, "relative_strength": -10.33806, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.751577, "energy": 94.610656, "activity_lines": [ 11.335867, 11.286509, 11.232381, 11.184262 ] }, { "date": "2026-01-23", "close": 11.366, "volume": 12105, "typical_volume": 3642.75, "trend": 11.1374, "fair_value": 11.304, "relative_strength": -8.71564, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.401781, "energy": 85.764519, "activity_lines": [ 11.3644, 11.305636, 11.250724, 11.199458 ] }, { "date": "2026-01-30", "close": 11.194, "volume": 13154, "typical_volume": 4298.85, "trend": 11.145333, "fair_value": 11.302577, "relative_strength": -10.934044, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.432299, "energy": 63.920686, "activity_lines": [ 11.321733, 11.290618, 11.2512, 11.20311 ] }, { "date": "2026-02-06", "close": 11.366, "volume": 185, "typical_volume": 4302.7, "trend": 11.1582, "fair_value": 11.301474, "relative_strength": -9.73665, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.933511, "energy": 54.860325, "activity_lines": [ 11.336, 11.307527, 11.2672, 11.217346 ] }, { "date": "2026-02-13", "close": 11.366, "volume": 41, "typical_volume": 4167.95, "trend": 11.168533, "fair_value": 11.300769, "relative_strength": -8.418236, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.221168, "energy": 46.034497, "activity_lines": [ 11.3384, 11.322618, 11.281162, 11.230753 ] }, { "date": "2026-02-20", "close": 11.422, "volume": 3100, "typical_volume": 4067.85, "trend": 11.180733, "fair_value": 11.300731, "relative_strength": -9.589742, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.359789, "energy": 49.366471, "activity_lines": [ 11.361733, 11.346073, 11.298867, 11.247105 ] }, { "date": "2026-02-27", "close": 11.422, "volume": 0, "typical_volume": 3397.6, "trend": 11.189533, "fair_value": 11.300526, "relative_strength": -10.55759, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.556325, "energy": 63.366593, "activity_lines": [ 11.388133, 11.366145, 11.314533, 11.262671 ] }, { "date": "2026-03-06", "close": 11.422, "volume": 0, "typical_volume": 3397.2, "trend": 11.2026, "fair_value": 11.300744, "relative_strength": -4.075755, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.112106, "energy": 70.49725, "activity_lines": [ 11.4108, 11.381418, 11.32879, 11.277669 ] }, { "date": "2026-03-13", "close": 11.784, "volume": 9571, "typical_volume": 3875.75, "trend": 11.228533, "fair_value": 11.302782, "relative_strength": -1.161656, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 96.759522, "energy": 93.817789, "activity_lines": [ 11.538933, 11.458255, 11.376086, 11.315178 ] }, { "date": "2026-03-20", "close": 11.66, "volume": 2271, "typical_volume": 3413.45, "trend": 11.251267, "fair_value": 11.304436, "relative_strength": 1.34322, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.673132, "energy": 91.255478, "activity_lines": [ 11.597867, 11.501709, 11.40841, 11.343015 ] }, { "date": "2026-03-27", "close": 11.678, "volume": 15632, "typical_volume": 3784.6, "trend": 11.2716, "fair_value": 11.306731, "relative_strength": 0.466121, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.715123, "energy": 89.785792, "activity_lines": [ 11.6432, 11.543709, 11.440295, 11.370546 ] }, { "date": "2026-04-03", "close": 11.716, "volume": 3594, "typical_volume": 3958.95, "trend": 11.293667, "fair_value": 11.309846, "relative_strength": -3.650969, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.887926, "energy": 89.169894, "activity_lines": [ 11.684133, 11.5888, 11.473781, 11.399217 ] }, { "date": "2026-04-10", "close": 11.674, "volume": 6139, "typical_volume": 4250.65, "trend": 11.315667, "fair_value": 11.312885, "relative_strength": -7.453093, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.090877, "energy": 75.402686, "activity_lines": [ 11.691467, 11.619891, 11.500848, 11.423755 ] }, { "date": "2026-04-17", "close": 11.596, "volume": 12, "typical_volume": 4014.55, "trend": 11.3376, "fair_value": 11.315564, "relative_strength": -9.981066, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.232766, "energy": 59.408338, "activity_lines": [ 11.656, 11.628073, 11.518371, 11.441841 ] }, { "date": "2026-04-24", "close": 11.682, "volume": 3346, "typical_volume": 4181.85, "trend": 11.359267, "fair_value": 11.319244, "relative_strength": -6.654215, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.489581, "energy": 57.168444, "activity_lines": [ 11.661733, 11.647709, 11.542514, 11.46406 ] }, { "date": "2026-05-01", "close": 11.682, "volume": 0, "typical_volume": 4181.5, "trend": 11.3822, "fair_value": 11.322654, "relative_strength": -7.454214, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.370805, "energy": 55.895901, "activity_lines": [ 11.666, 11.6616, 11.564676, 11.484882 ] }, { "date": "2026-05-08", "close": 11.678, "volume": 15180, "typical_volume": 4862.6, "trend": 11.4006, "fair_value": 11.325577, "relative_strength": -9.115181, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.839239, "energy": 50.483106, "activity_lines": [ 11.668667, 11.670036, 11.584333, 11.503966 ] }, { "date": "2026-05-15", "close": 11.834, "volume": 2514, "typical_volume": 4838.3, "trend": 11.4244, "fair_value": 11.329538, "relative_strength": -7.299588, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.004679, "energy": 66.650439, "activity_lines": [ 11.725867, 11.702182, 11.616371, 11.531927 ] }, { "date": "2026-05-22", "close": 11.872, "volume": 7361, "typical_volume": 5206.35, "trend": 11.449467, "fair_value": 11.333436, "relative_strength": -7.402559, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.238311, "energy": 84.171384, "activity_lines": [ 11.785067, 11.733745, 11.648952, 11.560804 ] }, { "date": "2026-05-29", "close": 11.862, "volume": 166, "typical_volume": 5193.8, "trend": 11.471267, "fair_value": 11.33759, "relative_strength": -8.151834, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.108969, "energy": 82.220797, "activity_lines": [ 11.822533, 11.761891, 11.677324, 11.587419 ] }, { "date": "2026-06-05", "close": 11.978, "volume": 292, "typical_volume": 4733.15, "trend": 11.4954, "fair_value": 11.342936, "relative_strength": -6.729472, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.070315, "energy": 88.90258, "activity_lines": [ 11.886667, 11.807455, 11.714543, 11.620112 ] }, { "date": "2026-06-12", "close": 11.978, "volume": 0, "typical_volume": 4127.9, "trend": 11.521067, "fair_value": 11.349474, "relative_strength": -9.30393, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.869578, "energy": 93.423168, "activity_lines": [ 11.931067, 11.847564, 11.749333, 11.651247 ] }, { "date": "2026-06-19", "close": 11.946, "volume": 0, "typical_volume": 3470.2, "trend": 11.544933, "fair_value": 11.356308, "relative_strength": -11.478154, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.094765, "energy": 88.909231, "activity_lines": [ 11.9448, 11.877091, 11.778162, 11.678662 ] }, { "date": "2026-06-26", "close": 12.088, "volume": 600, "typical_volume": 3490.95, "trend": 11.572333, "fair_value": 11.3645, "relative_strength": -7.344449, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.665977, "energy": 95.830204, "activity_lines": [ 11.9984, 11.927491, 11.816933, 11.713699 ] }, { "date": "2026-07-03", "close": 12.118, "volume": 0, "typical_volume": 3488.9, "trend": 11.600733, "fair_value": 11.372667, "relative_strength": -9.525364, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.085643, "energy": 95.182745, "activity_lines": [ 12.0476, 11.9744, 11.855124, 11.748903 ] }, { "date": "2026-07-10", "close": 12.118, "volume": 0, "typical_volume": 3333.9, "trend": 11.630133, "fair_value": 11.381859, "relative_strength": -8.871206, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.762212, "energy": 93.032078, "activity_lines": [ 12.079733, 12.013382, 11.889733, 11.782275 ] }, { "date": "2026-07-17", "close": 12.116, "volume": 6243, "typical_volume": 3646.05, "trend": 11.662067, "fair_value": 11.390667, "relative_strength": -7.313476, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.053945, "energy": 89.633195, "activity_lines": [ 12.101867, 12.044073, 11.920838, 11.813622 ] }, { "date": "2026-07-24", "close": 12.18, "volume": 1106, "typical_volume": 3701.35, "trend": 11.695133, "fair_value": 11.398987, "relative_strength": -6.420378, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.286145, "energy": 94.416173, "activity_lines": [ 12.136133, 12.078436, 11.954733, 11.847037 ] }, { "date": "2026-07-31", "close": 12.118, "volume": 6022, "typical_volume": 3523.9, "trend": 11.726133, "fair_value": 11.407167, "relative_strength": -7.224456, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.098604, "energy": 67.726492, "activity_lines": [ 12.134133, 12.095236, 11.979114, 11.874318 ] }, { "date": "2026-08-07", "close": 12.044, "volume": 6708, "typical_volume": 3745.75, "trend": 11.7476, "fair_value": 11.414936, "relative_strength": -10.159965, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.669497, "energy": 64.765363, "activity_lines": [ 12.105467, 12.094109, 11.994857, 11.894826 ] } ], "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." } } }