{ "ticker": { "uuid": "d2c5e87d-bfef-431f-aa8d-a7da95e049f8", "symbol": "SOXL", "name": "Leverage Shares 4x Long Semiconductors ETP Securities", "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": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "mixed", "architecture_direction": -22.326, "architecture_energy": 35.439, "architecture_maturity": 51.785, "architecture_confidence": 42.708, "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": 42.54, "rotation_up": 14.07, "upward_expansion": 17.18, "deceleration": 69.63, "rotation_down": 67.15, "downward_expansion": 44.52 }, "activity_lines": [ 24.366733, 33.309654, 37.891024, 33.357746 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 24.360001, "trend_reference": 26.951, "distance_from_trend": -0.096137, "trend_direction": "Improving", "fair_value": 13.132797, "distance_from_fair_value": 0.854898, "fair_value_direction": "Weakening", "relative_strength": 19.818083, "relative_strength_direction": "Weakening", "price_momentum": 1.178891, "excess_performance": 1.007999, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.096137, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.706991, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.854898, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -2.31182, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.198181, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -2.949704, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 1.178891, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.961587, "read": "Supply-led" } ], "volume": { "latest": 147701, "relative_activity": 2.107514, "balance": 0.961587, "dry_up": 2.028825, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.584394, "annualized_volatility": 1.660153, "from_high_reference": -0.656853, "from_low_reference": 5.376964 }, "levels": { "trend_reference": 26.951, "fair_value_reference": 13.132797, "structural_low": 6.451, "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": 2, "median_return": 0.313521, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.296583, "regime_survival": 0.5, "best_return": 0.579495, "worst_return": 0.047546, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.600895, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.512028, "regime_survival": 0.0, "best_return": 0.600895, "worst_return": 0.600895, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 6.956929, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 6.80286, "regime_survival": 0.0, "best_return": 6.956929, "worst_return": 6.956929, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-07", "end": "2025-11-21", "tenure": "New", "return": -0.262192, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-01-02", "tenure": "Developing", "return": 0.152426, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-09", "end": "2026-03-20", "tenure": "Developing", "return": -0.084629, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-04-10", "tenure": "New", "return": 0.813515, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-07-10", "tenure": "Established", "return": 1.13171, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.031766, "active": true } ], "chart_path": [ { "date": "2024-05-03", "close": 14.208, "volume": 7572, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 15.192, "volume": 21712, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 17.681999, "volume": 544, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 20.455, "volume": 13367, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 17.146, "volume": 3785, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 20.355, "volume": 4758, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 24.15, "volume": 6873, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 24.209999, "volume": 5933, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 22.719999, "volume": 4085, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 24.525, "volume": 1409, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 27.115, "volume": 8117, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 17.676001, "volume": 18785, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 14.124, "volume": 23659, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 8.934, "volume": 59991, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 8.82, "volume": 97686, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 12.3, "volume": 25797, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 12.702, "volume": 40494, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 11.548, "volume": 42685, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 6.813, "volume": 20078, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 9.404, "volume": 35944, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 9.018, "volume": 76963, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 10.988, "volume": 51237, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 10.454, "volume": 58210, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 11.466, "volume": 10010, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 10.356, "volume": 246647, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 10.576, "volume": 36047, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 8.579, "volume": 109498, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 10.158, "volume": 12171, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 7.271, "volume": 30941, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 7.6, "volume": 10044, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 7.751, "volume": 15983, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 7.921, "volume": 13498, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 8.116, "volume": 7068, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 7.373, "volume": 28676, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 7.91, "volume": 8603, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 7.661, "volume": 1252, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 7.442, "volume": 23491, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 8.89, "volume": 35859, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 9.259, "volume": 26846, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 7.408, "volume": 35657, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 6.563, "volume": 56587, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 7.176, "volume": 8911, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 7.652, "volume": 15934, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 5.106, "volume": 30096, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 3.9695, "volume": 34009, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 4.0235, "volume": 45091, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 3.9125, "volume": 24865, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 3.0595, "volume": 21925, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 1.4014, "volume": 89638, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 1.2526, "volume": 419866, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 1.1796, "volume": 129775, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 1.6766, "volume": 234529, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 1.9544, "volume": 134267, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 2.085, "volume": 143777, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 2.943, "volume": 184772, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 2.3655, "volume": 107320, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 2.525, "volume": 92534, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 3.1615, "volume": 78161, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 3.3755, "volume": 93091, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 3.3865, "volume": 32828, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 4.324, "volume": 90366, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 4.2515, "volume": 51389, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 4.6595, "volume": 46895, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 4.6805, "volume": 126507, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 4.186, "volume": 26106, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 3.885, "volume": 95447, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 4.286, "volume": 25370, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 4.927, "volume": 33913, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 4.706, "volume": 61521, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 4.362, "volume": 33570, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 4.2825, "volume": 23675, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 4.934, "volume": 29278, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 5.588, "volume": 33105, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 5.987, "volume": 170594, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 7.365, "volume": 11977, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 6.654, "volume": 82905, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 6.989, "volume": 44560, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 9.39826, "volume": 11112, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 9.171, "volume": 52369, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 6.705, "volume": 23709, "typical_volume": 53718.4, "trend": 4.533129, "fair_value": 8.579823, "relative_strength": 13.366524, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.700332, "energy": 59.407916, "activity_lines": [ 7.935719, 7.369265, 6.29146, 5.568763 ] }, { "date": "2025-11-14", "close": 7.235, "volume": 23976, "typical_volume": 50398.9, "trend": 4.734975, "fair_value": 8.56322, "relative_strength": 20.141168, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.365419, "energy": 52.36432, "activity_lines": [ 7.752901, 7.465197, 6.450312, 5.743077 ] }, { "date": "2025-11-21", "close": 4.947, "volume": 44361, "typical_volume": 50047.5, "trend": 4.843989, "fair_value": 8.51912, "relative_strength": -13.944277, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.93603, "energy": 20.371848, "activity_lines": [ 6.768684, 7.091447, 6.377396, 5.756756 ] }, { "date": "2025-11-28", "close": 7.151, "volume": 39761, "typical_volume": 49690.8, "trend": 5.017209, "fair_value": 8.502637, "relative_strength": 23.583682, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.532242, "energy": 23.030998, "activity_lines": [ 6.655267, 7.118187, 6.511073, 5.905596 ] }, { "date": "2025-12-05", "close": 8.235, "volume": 17871, "typical_volume": 44259.0, "trend": 5.222209, "fair_value": 8.499451, "relative_strength": 42.85759, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.744392, "energy": 23.255465, "activity_lines": [ 7.053, 7.313601, 6.736124, 6.113195 ] }, { "date": "2025-12-12", "close": 7.523, "volume": 38263, "typical_volume": 44866.85, "trend": 5.374875, "fair_value": 8.487963, "relative_strength": 31.400506, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.462966, "energy": 20.394542, "activity_lines": [ 7.2758, 7.338687, 6.87644, 6.261633 ] }, { "date": "2025-12-19", "close": 7.162, "volume": 34999, "typical_volume": 41844.45, "trend": 5.534759, "fair_value": 8.472545, "relative_strength": 22.664171, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.184624, "energy": 29.059418, "activity_lines": [ 7.323733, 7.295264, 6.966484, 6.376932 ] }, { "date": "2025-12-26", "close": 7.491, "volume": 5452, "typical_volume": 40848.55, "trend": 5.700292, "fair_value": 8.461263, "relative_strength": 29.952023, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.919246, "energy": 30.916129, "activity_lines": [ 7.4862, 7.302423, 7.072256, 6.503141 ] }, { "date": "2026-01-02", "close": 8.241, "volume": 7699, "typical_volume": 39537.85, "trend": 5.869609, "fair_value": 8.45876, "relative_strength": 41.448267, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.136162, "energy": 33.541113, "activity_lines": [ 7.729067, 7.436818, 7.234196, 6.667057 ] }, { "date": "2026-01-09", "close": 9.902, "volume": 39628, "typical_volume": 38443.2, "trend": 6.087159, "fair_value": 8.474976, "relative_strength": 68.561481, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.984807, "energy": 55.815579, "activity_lines": [ 8.452933, 7.894255, 7.538544, 6.927212 ] }, { "date": "2026-01-16", "close": 11.764, "volume": 54337, "typical_volume": 39481.55, "trend": 6.366409, "fair_value": 8.511521, "relative_strength": 99.553565, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.937459, "energy": 77.541439, "activity_lines": [ 9.686333, 8.676945, 7.995484, 7.29346 ] }, { "date": "2026-01-23", "close": 11.832, "volume": 38745, "typical_volume": 40235.05, "trend": 6.616675, "fair_value": 8.548009, "relative_strength": 104.791232, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.431527, "energy": 81.550647, "activity_lines": [ 10.659667, 9.380018, 8.423652, 7.646078 ] }, { "date": "2026-01-30", "close": 12.748, "volume": 28293, "typical_volume": 40185.8, "trend": 6.899892, "fair_value": 8.593661, "relative_strength": 114.812412, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.458604, "energy": 84.641834, "activity_lines": [ 11.627, 10.166055, 8.903107, 8.041648 ] }, { "date": "2026-02-06", "close": 11.18, "volume": 121711, "typical_volume": 44616.1, "trend": 7.117242, "fair_value": 8.621472, "relative_strength": 85.134667, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.147061, "energy": 75.565155, "activity_lines": [ 11.7212, 10.525164, 9.19602, 8.317784 ] }, { "date": "2026-02-13", "close": 12.132, "volume": 22406, "typical_volume": 37206.7, "trend": 7.365625, "fair_value": 8.658818, "relative_strength": 100.58311, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.383662, "energy": 63.93705, "activity_lines": [ 11.9368, 10.984109, 9.552972, 8.641316 ] }, { "date": "2026-02-20", "close": 12.66, "volume": 29979, "typical_volume": 38106.8, "trend": 7.648092, "fair_value": 8.700935, "relative_strength": 102.477113, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.050773, "energy": 55.15276, "activity_lines": [ 12.179733, 11.4682, 9.930947, 8.982889 ] }, { "date": "2026-02-27", "close": 11.448, "volume": 25747, "typical_volume": 35248.9, "trend": 7.900192, "fair_value": 8.729551, "relative_strength": 77.434847, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.355441, "energy": 44.644799, "activity_lines": [ 11.958933, 11.638527, 10.168279, 9.228044 ] }, { "date": "2026-03-06", "close": 9.872, "volume": 36321, "typical_volume": 34836.95, "trend": 8.086392, "fair_value": 8.741328, "relative_strength": 60.872447, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.706455, "energy": 31.726092, "activity_lines": [ 11.2384, 11.444382, 10.232687, 9.355258 ] }, { "date": "2026-03-13", "close": 8.827, "volume": 36397, "typical_volume": 36101.2, "trend": 8.216392, "fair_value": 8.742203, "relative_strength": 41.446705, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.634305, "energy": 16.430963, "activity_lines": [ 10.361267, 11.016945, 10.183843, 9.403039 ] }, { "date": "2026-03-20", "close": 9.064, "volume": 44751, "typical_volume": 35720.3, "trend": 8.361659, "fair_value": 8.745453, "relative_strength": 47.998102, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.002886, "energy": 19.744799, "activity_lines": [ 9.72, 10.621945, 10.16029, 9.457723 ] }, { "date": "2026-03-27", "close": 7.947, "volume": 71885, "typical_volume": 38129.1, "trend": 8.481159, "fair_value": 8.737469, "relative_strength": 26.378429, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.873014, "energy": 18.884809, "activity_lines": [ 8.910933, 10.039091, 10.030867, 9.430971 ] }, { "date": "2026-04-03", "close": 8.717, "volume": 40167, "typical_volume": 38938.65, "trend": 8.628975, "fair_value": 8.737266, "relative_strength": 29.217577, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.852928, "energy": 17.628481, "activity_lines": [ 8.672733, 9.665636, 9.968862, 9.446187 ] }, { "date": "2026-04-10", "close": 14.412, "volume": 47044, "typical_volume": 39072.8, "trend": 8.944909, "fair_value": 8.792901, "relative_strength": 97.891291, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.798722, "energy": 19.943935, "activity_lines": [ 10.514933, 10.384273, 10.442181, 9.819285 ] }, { "date": "2026-04-17", "close": 18.518, "volume": 41806, "typical_volume": 39175.05, "trend": 9.375909, "fair_value": 8.887319, "relative_strength": 137.384871, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.438153, "energy": 63.278955, "activity_lines": [ 13.423133, 11.8192, 11.261476, 10.436904 ] }, { "date": "2026-04-24", "close": 27.725, "volume": 61546, "typical_volume": 41358.8, "trend": 10.100509, "fair_value": 9.068451, "relative_strength": 242.316157, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.922334, "energy": 91.113905, "activity_lines": [ 18.754267, 14.794709, 12.9035, 11.620716 ] }, { "date": "2026-05-01", "close": 26.77, "volume": 58190, "typical_volume": 42355.15, "trend": 10.747342, "fair_value": 9.237037, "relative_strength": 208.872482, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.552212, "energy": 94.238739, "activity_lines": [ 22.523, 17.313073, 14.361762, 12.696167 ] }, { "date": "2026-05-08", "close": 39.685001, "volume": 69625, "typical_volume": 44086.45, "trend": 11.848375, "fair_value": 9.524282, "relative_strength": 314.788478, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.616145, "energy": 98.555848, "activity_lines": [ 29.341867, 21.923073, 16.958372, 14.563113 ] }, { "date": "2026-05-15", "close": 40.07, "volume": 68290, "typical_volume": 47228.35, "trend": 12.951075, "fair_value": 9.809756, "relative_strength": 291.46317, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.884898, "energy": 96.604916, "activity_lines": [ 34.224534, 26.089673, 19.436776, 16.383863 ] }, { "date": "2026-05-22", "close": 46.794998, "volume": 81250, "typical_volume": 50905.9, "trend": 14.197633, "fair_value": 10.152212, "relative_strength": 319.267786, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.89037, "energy": 96.299065, "activity_lines": [ 39.638333, 30.929945, 22.400519, 18.567342 ] }, { "date": "2026-05-29", "close": 56.900002, "volume": 103187, "typical_volume": 54083.85, "trend": 15.7886, "fair_value": 10.58109, "relative_strength": 362.101243, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.289588, "energy": 96.106713, "activity_lines": [ 46.535334, 36.917164, 26.143052, 21.322333 ] }, { "date": "2026-06-05", "close": 53.439999, "volume": 21541, "typical_volume": 52444.05, "trend": 17.346433, "fair_value": 10.970717, "relative_strength": 303.904046, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.179542, "energy": 72.924954, "activity_lines": [ 50.334, 41.405545, 29.332262, 23.751456 ] }, { "date": "2026-06-12", "close": 58.52, "volume": 17951, "typical_volume": 51404.35, "trend": 19.055933, "fair_value": 11.399089, "relative_strength": 298.18067, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.755967, "energy": 72.495303, "activity_lines": [ 54.048, 45.990418, 32.806824, 26.407815 ] }, { "date": "2026-06-19", "close": 70.519997, "volume": 15969, "typical_volume": 50788.15, "trend": 21.2417, "fair_value": 11.926954, "relative_strength": 331.285455, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.638056, "energy": 75.569741, "activity_lines": [ 60.506332, 51.851599, 37.201919, 29.728077 ] }, { "date": "2026-06-26", "close": 50.43, "volume": 22502, "typical_volume": 45827.7, "trend": 22.684333, "fair_value": 12.267689, "relative_strength": 201.550198, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.878199, "energy": 65.299578, "activity_lines": [ 58.237999, 53.039909, 39.408576, 31.611193 ] }, { "date": "2026-07-03", "close": 43.215, "volume": 4888, "typical_volume": 44951.8, "trend": 23.850333, "fair_value": 12.539157, "relative_strength": 140.717312, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.944424, "energy": 54.721264, "activity_lines": [ 53.322333, 52.336181, 40.741185, 32.935753 ] }, { "date": "2026-07-10", "close": 39.474998, "volume": 107075, "typical_volume": 48806.6, "trend": 24.9154, "fair_value": 12.773381, "relative_strength": 113.097113, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.644463, "energy": 36.366778, "activity_lines": [ 48.072332, 50.670817, 41.56959, 33.943795 ] }, { "date": "2026-07-17", "close": 23.610001, "volume": 127325, "typical_volume": 53885.5, "trend": 25.463667, "fair_value": 12.8668, "relative_strength": 26.902136, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.156092, "energy": 22.776417, "activity_lines": [ 38.465, 45.889909, 40.759352, 33.859576 ] }, { "date": "2026-07-24", "close": 26.57, "volume": 61448, "typical_volume": 55141.85, "trend": 26.099633, "fair_value": 12.983922, "relative_strength": 39.954297, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.429151, "energy": 25.203686, "activity_lines": [ 32.171667, 41.939454, 40.173104, 33.930952 ] }, { "date": "2026-07-31", "close": 19.323999, "volume": 232271, "typical_volume": 64935.55, "trend": 26.469067, "fair_value": 13.037651, "relative_strength": -0.364866, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.830738, "energy": 36.592712, "activity_lines": [ 26.393, 36.916999, 38.817247, 33.493815 ] }, { "date": "2026-08-07", "close": 24.360001, "volume": 147701, "typical_volume": 70083.05, "trend": 26.951, "fair_value": 13.132797, "relative_strength": 19.818083, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.326001, "energy": 35.438804, "activity_lines": [ 24.366733, 33.309654, 37.891024, 33.357746 ] } ], "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." } } }