{ "ticker": { "uuid": "d55ee93b-e1e3-49d7-b330-03982c023444", "symbol": "EMBI", "name": "BNP Paribas Easy JPM Screened EMBI Global Diversified Composite UCITS ETF Capitalisation", "exchange": "PAR", "country": "FR", "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": "^FCHI", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 26.106, "architecture_energy": 23.241, "architecture_maturity": 59.632, "architecture_confidence": 73.885, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 44.25, "rotation_up": 23.94, "upward_expansion": 56.29, "deceleration": 88.21, "rotation_down": 40.77, "downward_expansion": 22.29 }, "activity_lines": [ 10.837087, 10.875816, 10.862547, 10.828829 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 10.8826, "trend_reference": 10.79728, "distance_from_trend": 0.007902, "trend_direction": "Improving", "fair_value": 9.726937, "distance_from_fair_value": 0.118811, "fair_value_direction": "Weakening", "relative_strength": -4.785508, "relative_strength_direction": "Weakening", "price_momentum": 0.010671, "excess_performance": -0.042641, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.007902, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.007626, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.118811, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.021775, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.047855, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.073411, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.010671, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.279862, "read": "Supply-led" } ], "volume": { "latest": 28018, "relative_activity": 2.117195, "balance": 0.279862, "dry_up": 1.573708, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.008976, "annualized_volatility": 0.065665, "from_high_reference": -0.011077, "from_low_reference": 0.069753 }, "levels": { "trend_reference": 10.79728, "fair_value_reference": 9.726937, "structural_low": 10.395, "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": 9, "median_return": 0.008554, "positive_rate": 0.777778, "directional_follow_through": 0.777778, "median_excess_return": -0.015526, "regime_survival": 0.444444, "best_return": 0.037867, "worst_return": -0.017437, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.023282, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.051463, "regime_survival": 0.2, "best_return": 0.043371, "worst_return": 0.01508, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.027847, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.034835, "regime_survival": 0.0, "best_return": 0.053641, "worst_return": 0.024576, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.079137, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.051014, "regime_survival": 0.0, "best_return": 0.084715, "worst_return": 0.073558, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-09", "end": "2024-02-23", "tenure": "New", "return": 0.005699, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-01", "end": "2024-04-26", "tenure": "Developing", "return": -0.004668, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-03", "end": "2024-05-17", "tenure": "New", "return": 0.013769, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-10-25", "tenure": "Established", "return": 0.049409, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-01", "end": "2025-01-10", "tenure": "Developing", "return": -0.004077, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-01-24", "tenure": "New", "return": 0.001838, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-31", "end": "2025-02-14", "tenure": "New", "return": 0.00861, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-04-04", "tenure": "Developing", "return": 0.000692, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-11", "end": "2025-04-18", "tenure": "New", "return": 0.028788, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-25", "end": "2025-05-30", "tenure": "Developing", "return": 0.012602, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-06", "end": "2026-03-13", "tenure": "Extended", "return": 0.078196, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-05-01", "tenure": "Developing", "return": 0.026819, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-07-24", "tenure": "Developing", "return": -0.007343, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.011037, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 8.3732, "volume": 11226, "typical_volume": 26770.0, "trend": 8.416, "fair_value": 8.956523, "relative_strength": -2.440895, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 22.387284, "energy": 14.733063, "activity_lines": [ 8.49742, 8.518149, 8.481735, 8.449393 ] }, { "date": "2023-08-25", "close": 8.4157, "volume": 33434, "typical_volume": 26925.4, "trend": 8.41399, "fair_value": 8.952395, "relative_strength": -2.602938, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 19.116195, "energy": 17.903065, "activity_lines": [ 8.45798, 8.499798, 8.478174, 8.449374 ] }, { "date": "2023-09-01", "close": 8.4858, "volume": 34206, "typical_volume": 27698.45, "trend": 8.409167, "fair_value": 8.94886, "relative_strength": -2.445909, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 22.532846, "energy": 19.262155, "activity_lines": [ 8.454293, 8.495096, 8.481334, 8.454007 ] }, { "date": "2023-09-08", "close": 8.4458, "volume": 425, "typical_volume": 26620.75, "trend": 8.41391, "fair_value": 8.945077, "relative_strength": -1.915849, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.467208, "energy": 18.738406, "activity_lines": [ 8.4469, 8.483442, 8.480462, 8.45637 ] }, { "date": "2023-09-15", "close": 8.429, "volume": 3885, "typical_volume": 24350.7, "trend": 8.41966, "fair_value": 8.941226, "relative_strength": -3.664235, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.185049, "energy": 10.586608, "activity_lines": [ 8.439347, 8.469993, 8.477388, 8.457344 ] }, { "date": "2023-09-22", "close": 8.3539, "volume": 10448, "typical_volume": 23599.3, "trend": 8.422287, "fair_value": 8.936876, "relative_strength": -1.637804, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.640485, "energy": 18.970675, "activity_lines": [ 8.414013, 8.442227, 8.467148, 8.453101 ] }, { "date": "2023-09-29", "close": 8.2499, "volume": 27343, "typical_volume": 23467.35, "trend": 8.422087, "fair_value": 8.931824, "relative_strength": -1.929872, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.329383, "energy": 44.597752, "activity_lines": [ 8.3553, 8.400385, 8.447327, 8.441979 ] }, { "date": "2023-10-06", "close": 8.0794, "volume": 59665, "typical_volume": 24799.65, "trend": 8.416383, "fair_value": 8.925602, "relative_strength": -2.692649, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.644601, "energy": 69.059493, "activity_lines": [ 8.250807, 8.333936, 8.412149, 8.419871 ] }, { "date": "2023-10-13", "close": 8.1359, "volume": 68776, "typical_volume": 26977.9, "trend": 8.412677, "fair_value": 8.91988, "relative_strength": -1.064181, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -77.206898, "energy": 82.813242, "activity_lines": [ 8.19224, 8.287775, 8.383589, 8.401775 ] }, { "date": "2023-10-20", "close": 8.019, "volume": 88040, "typical_volume": 30542.9, "trend": 8.401303, "fair_value": 8.913399, "relative_strength": 0.268924, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.727372, "energy": 89.055926, "activity_lines": [ 8.115367, 8.227476, 8.344614, 8.376376 ] }, { "date": "2023-10-27", "close": 8.1076, "volume": 6502, "typical_volume": 30683.3, "trend": 8.39279, "fair_value": 8.907643, "relative_strength": 1.744167, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.6912, "energy": 82.073632, "activity_lines": [ 8.09536, 8.19272, 8.315799, 8.357428 ] }, { "date": "2023-11-03", "close": 8.3904, "volume": 39240, "typical_volume": 31540.45, "trend": 8.39164, "fair_value": 8.903974, "relative_strength": 1.538647, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.595861, "energy": 44.346803, "activity_lines": [ 8.18604, 8.214211, 8.315417, 8.357274 ] }, { "date": "2023-11-10", "close": 8.2887, "volume": 36032, "typical_volume": 32780.0, "trend": 8.38662, "fair_value": 8.899642, "relative_strength": 0.402087, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.223861, "energy": 30.553568, "activity_lines": [ 8.233453, 8.217671, 8.305706, 8.350632 ] }, { "date": "2023-11-17", "close": 8.4285, "volume": 5952, "typical_volume": 32320.55, "trend": 8.390267, "fair_value": 8.896347, "relative_strength": -0.507743, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.129624, "energy": 20.344764, "activity_lines": [ 8.313513, 8.250133, 8.310331, 8.353334 ] }, { "date": "2023-11-24", "close": 8.5132, "volume": 237622, "typical_volume": 42069.8, "trend": 8.393163, "fair_value": 8.893686, "relative_strength": -0.239635, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 19.724871, "energy": 31.017147, "activity_lines": [ 8.4023, 8.298309, 8.323436, 8.361265 ] }, { "date": "2023-12-01", "close": 8.6715, "volume": 20296, "typical_volume": 39961.95, "trend": 8.40148, "fair_value": 8.892154, "relative_strength": 0.975975, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.566492, "energy": 45.388703, "activity_lines": [ 8.510907, 8.373736, 8.351043, 8.379223 ] }, { "date": "2023-12-08", "close": 8.7262, "volume": 25120, "typical_volume": 39004.65, "trend": 8.411197, "fair_value": 8.891017, "relative_strength": -0.668919, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 47.067403, "energy": 69.093808, "activity_lines": [ 8.600153, 8.453335, 8.383612, 8.400172 ] }, { "date": "2023-12-15", "close": 8.9626, "volume": 2366, "typical_volume": 37699.05, "trend": 8.431973, "fair_value": 8.891504, "relative_strength": 1.250952, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 90.890532, "energy": 91.952661, "activity_lines": [ 8.745813, 8.567255, 8.438102, 8.435747 ] }, { "date": "2023-12-22", "close": 9.0027, "volume": 66582, "typical_volume": 39402.4, "trend": 8.455833, "fair_value": 8.892255, "relative_strength": 2.21095, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.980196, "energy": 95.061158, "activity_lines": [ 8.859913, 8.672407, 8.494829, 8.472568 ] }, { "date": "2023-12-29", "close": 9.0053, "volume": 6323, "typical_volume": 39174.15, "trend": 8.476663, "fair_value": 8.893014, "relative_strength": 2.718281, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.985483, "energy": 92.416742, "activity_lines": [ 8.9366, 8.762273, 8.549539, 8.508017 ] }, { "date": "2024-01-05", "close": 8.8449, "volume": 78361, "typical_volume": 42530.9, "trend": 8.490743, "fair_value": 8.892693, "relative_strength": 2.563558, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.091091, "energy": 87.638202, "activity_lines": [ 8.927013, 8.805042, 8.586747, 8.531774 ] }, { "date": "2024-01-12", "close": 8.9414, "volume": 33703, "typical_volume": 42544.35, "trend": 8.50661, "fair_value": 8.893016, "relative_strength": 3.06455, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.989781, "energy": 83.125313, "activity_lines": [ 8.938033, 8.851951, 8.6309, 8.560849 ] }, { "date": "2024-01-19", "close": 8.8199, "volume": 26516, "typical_volume": 42159.85, "trend": 8.51716, "fair_value": 8.892535, "relative_strength": 2.990094, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.124239, "energy": 59.547261, "activity_lines": [ 8.894207, 8.866751, 8.660977, 8.581061 ] }, { "date": "2024-01-26", "close": 8.8058, "volume": 24603, "typical_volume": 43368.75, "trend": 8.52685, "fair_value": 8.891968, "relative_strength": -0.643109, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.098364, "energy": 45.368934, "activity_lines": [ 8.855193, 8.869329, 8.688121, 8.599683 ] }, { "date": "2024-02-02", "close": 8.8758, "volume": 11574, "typical_volume": 43753.2, "trend": 8.542957, "fair_value": 8.891863, "relative_strength": 0.739183, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.276313, "energy": 44.172304, "activity_lines": [ 8.85264, 8.877775, 8.720217, 8.622196 ] }, { "date": "2024-02-09", "close": 8.8608, "volume": 21525, "typical_volume": 44307.05, "trend": 8.550993, "fair_value": 8.891663, "relative_strength": -0.147871, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.841095, "energy": 38.263892, "activity_lines": [ 8.85372, 8.8769, 8.748757, 8.642702 ] }, { "date": "2024-02-16", "close": 8.8494, "volume": 19565, "typical_volume": 43918.15, "trend": 8.559257, "fair_value": 8.891392, "relative_strength": -1.850526, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.685984, "energy": 37.800767, "activity_lines": [ 8.84994, 8.870511, 8.773798, 8.661954 ] }, { "date": "2024-02-23", "close": 8.9113, "volume": 74069, "typical_volume": 44638.35, "trend": 8.568627, "fair_value": 8.886485, "relative_strength": -3.574236, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.353156, "energy": 43.738254, "activity_lines": [ 8.872927, 8.873136, 8.801879, 8.684667 ] }, { "date": "2024-03-01", "close": 8.9553, "volume": 28564, "typical_volume": 42627.75, "trend": 8.58289, "fair_value": 8.881407, "relative_strength": -2.709398, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.734881, "energy": 50.771421, "activity_lines": [ 8.904487, 8.884695, 8.830189, 8.709613 ] }, { "date": "2024-03-08", "close": 9.0602, "volume": 16125, "typical_volume": 39032.0, "trend": 8.600303, "fair_value": 8.877495, "relative_strength": -2.697658, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.598296, "energy": 61.747848, "activity_lines": [ 8.961047, 8.916187, 8.864587, 8.740408 ] }, { "date": "2024-03-15", "close": 8.9805, "volume": 8296, "typical_volume": 39121.7, "trend": 8.620547, "fair_value": 8.872877, "relative_strength": -5.021083, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.734092, "energy": 69.602071, "activity_lines": [ 8.978747, 8.932191, 8.886437, 8.764936 ] }, { "date": "2024-03-22", "close": 9.1252, "volume": 8586, "typical_volume": 37589.0, "trend": 8.644197, "fair_value": 8.869062, "relative_strength": -3.227295, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.115913, "energy": 81.473124, "activity_lines": [ 9.0367, 8.972038, 8.917911, 8.797495 ] }, { "date": "2024-03-29", "close": 9.1124, "volume": 10752, "typical_volume": 36325.0, "trend": 8.665083, "fair_value": 8.865056, "relative_strength": -3.947166, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.330637, "energy": 81.442587, "activity_lines": [ 9.072, 9.006216, 8.944668, 8.827701 ] }, { "date": "2024-04-05", "close": 9.0862, "volume": 13674, "typical_volume": 36711.1, "trend": 8.68643, "fair_value": 8.860732, "relative_strength": -2.469125, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.447886, "energy": 74.617371, "activity_lines": [ 9.08516, 9.030313, 8.965006, 8.85487 ] }, { "date": "2024-04-12", "close": 8.9648, "volume": 16832, "typical_volume": 25671.6, "trend": 8.70429, "fair_value": 8.854522, "relative_strength": -3.160661, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.94622, "energy": 55.181174, "activity_lines": [ 9.049127, 9.027238, 8.970651, 8.872829 ] }, { "date": "2024-04-19", "close": 8.9263, "volume": 79774, "typical_volume": 28645.5, "trend": 8.72337, "fair_value": 8.848074, "relative_strength": -3.739324, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.469852, "energy": 36.679987, "activity_lines": [ 9.00662, 9.015545, 8.970479, 8.887153 ] }, { "date": "2024-04-26", "close": 8.9135, "volume": 24555, "typical_volume": 28617.25, "trend": 8.74549, "fair_value": 8.841868, "relative_strength": -4.623601, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.326099, "energy": 22.107946, "activity_lines": [ 8.96346, 9.000335, 8.967874, 8.899419 ] }, { "date": "2024-05-03", "close": 9.0133, "volume": 28769, "typical_volume": 29937.4, "trend": 8.77662, "fair_value": 8.835713, "relative_strength": -1.971372, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.890189, "energy": 24.38665, "activity_lines": [ 8.96768, 9.002104, 8.973882, 8.916697 ] }, { "date": "2024-05-10", "close": 9.0671, "volume": 19366, "typical_volume": 27576.6, "trend": 8.80766, "fair_value": 8.830237, "relative_strength": -4.469923, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.894335, "energy": 23.576229, "activity_lines": [ 8.99644, 9.0118, 8.984772, 8.935438 ] }, { "date": "2024-05-17", "close": 9.1374, "volume": 30320, "typical_volume": 28776.45, "trend": 8.84494, "fair_value": 8.825222, "relative_strength": -3.129687, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.224565, "energy": 41.108954, "activity_lines": [ 9.049907, 9.032245, 9.002051, 8.956711 ] }, { "date": "2024-05-24", "close": 9.0854, "volume": 21078, "typical_volume": 25912.3, "trend": 8.877533, "fair_value": 8.819453, "relative_strength": -2.801993, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.921384, "energy": 42.70519, "activity_lines": [ 9.074533, 9.041833, 9.013749, 8.972225 ] }, { "date": "2024-05-31", "close": 9.0904, "volume": 12327, "typical_volume": 24843.5, "trend": 8.900867, "fair_value": 8.813466, "relative_strength": -1.481094, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.644565, "energy": 48.865852, "activity_lines": [ 9.09022, 9.050422, 9.024778, 8.985958 ] }, { "date": "2024-06-07", "close": 9.0849, "volume": 60769, "typical_volume": 26556.15, "trend": 8.927407, "fair_value": 8.807085, "relative_strength": -1.597625, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.340045, "energy": 46.067525, "activity_lines": [ 9.09228, 9.058644, 9.034573, 8.997831 ] }, { "date": "2024-06-14", "close": 9.1674, "volume": 9120, "typical_volume": 25782.0, "trend": 8.952037, "fair_value": 8.80184, "relative_strength": 5.759288, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.037273, "energy": 46.088781, "activity_lines": [ 9.117067, 9.082365, 9.050963, 9.013315 ] }, { "date": "2024-06-21", "close": 9.1596, "volume": 6055, "typical_volume": 25506.05, "trend": 8.973583, "fair_value": 8.796546, "relative_strength": 3.910088, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.217848, "energy": 47.916685, "activity_lines": [ 9.132567, 9.103193, 9.064889, 9.026706 ] }, { "date": "2024-06-28", "close": 9.1322, "volume": 7789, "typical_volume": 24819.25, "trend": 8.98894, "fair_value": 8.790651, "relative_strength": 5.541964, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.756713, "energy": 40.942443, "activity_lines": [ 9.137453, 9.115496, 9.074854, 9.036939 ] }, { "date": "2024-07-05", "close": 9.202, "volume": 11984, "typical_volume": 24440.2, "trend": 9.0048, "fair_value": 8.785033, "relative_strength": 3.597605, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.78831, "energy": 51.944864, "activity_lines": [ 9.162487, 9.136747, 9.090174, 9.050685 ] }, { "date": "2024-07-12", "close": 9.3048, "volume": 13652, "typical_volume": 21419.35, "trend": 9.016207, "fair_value": 8.779921, "relative_strength": 4.032662, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.619448, "energy": 68.954066, "activity_lines": [ 9.214347, 9.171444, 9.113605, 9.07004 ] }, { "date": "2024-07-19", "close": 9.2171, "volume": 7538, "typical_volume": 20368.05, "trend": 9.023353, "fair_value": 8.774224, "relative_strength": 5.532273, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.633252, "energy": 60.590468, "activity_lines": [ 9.222313, 9.184895, 9.12681, 9.083001 ] }, { "date": "2024-07-26", "close": 9.279, "volume": 7707, "typical_volume": 19947.15, "trend": 9.032477, "fair_value": 8.769043, "relative_strength": 6.3379, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.342545, "energy": 71.419501, "activity_lines": [ 9.2476, 9.206873, 9.144664, 9.099494 ] }, { "date": "2024-08-02", "close": 9.3788, "volume": 10630, "typical_volume": 20063.85, "trend": 9.050273, "fair_value": 8.76445, "relative_strength": 11.187313, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.971353, "energy": 82.857882, "activity_lines": [ 9.298193, 9.244422, 9.170981, 9.121838 ] }, { "date": "2024-08-09", "close": 9.3361, "volume": 14849, "typical_volume": 20377.0, "trend": 9.06343, "fair_value": 8.759683, "relative_strength": 10.187824, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.526593, "energy": 76.254464, "activity_lines": [ 9.318113, 9.268873, 9.191334, 9.140278 ] }, { "date": "2024-08-16", "close": 9.4653, "volume": 9895, "typical_volume": 20334.15, "trend": 9.084943, "fair_value": 8.755744, "relative_strength": 8.83084, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.835498, "energy": 89.225749, "activity_lines": [ 9.37216, 9.312347, 9.222988, 9.166205 ] }, { "date": "2024-08-23", "close": 9.5697, "volume": 4943, "typical_volume": 19897.6, "trend": 9.110407, "fair_value": 8.752474, "relative_strength": 8.006035, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.262201, "energy": 94.920262, "activity_lines": [ 9.450307, 9.367887, 9.262904, 9.19748 ] }, { "date": "2024-08-30", "close": 9.5395, "volume": 1795, "typical_volume": 19145.75, "trend": 9.13253, "fair_value": 8.74901, "relative_strength": 6.751566, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.303351, "energy": 91.742413, "activity_lines": [ 9.49488, 9.410622, 9.297642, 9.225163 ] }, { "date": "2024-09-06", "close": 9.5884, "volume": 11585, "typical_volume": 15736.3, "trend": 9.156783, "fair_value": 8.74586, "relative_strength": 11.114092, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.41496, "energy": 93.207894, "activity_lines": [ 9.538387, 9.45534, 9.3343, 9.254574 ] }, { "date": "2024-09-13", "close": 9.675, "volume": 10140, "typical_volume": 15015.55, "trend": 9.184303, "fair_value": 8.743265, "relative_strength": 10.143944, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.941154, "energy": 95.215987, "activity_lines": [ 9.596787, 9.507509, 9.376053, 9.288008 ] }, { "date": "2024-09-20", "close": 9.6885, "volume": 27014, "typical_volume": 14927.8, "trend": 9.21021, "fair_value": 8.741251, "relative_strength": 9.551742, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.766795, "energy": 91.223513, "activity_lines": [ 9.637093, 9.553533, 9.415465, 9.320536 ] }, { "date": "2024-09-27", "close": 9.7174, "volume": 30702, "typical_volume": 15494.6, "trend": 9.235613, "fair_value": 8.739912, "relative_strength": 5.61087, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.070928, "energy": 84.819206, "activity_lines": [ 9.672153, 9.597835, 9.454415, 9.353258 ] }, { "date": "2024-10-04", "close": 9.6651, "volume": 9988, "typical_volume": 14478.0, "trend": 9.255777, "fair_value": 8.738549, "relative_strength": 8.288633, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.096047, "energy": 69.279883, "activity_lines": [ 9.679933, 9.623531, 9.485287, 9.380967 ] }, { "date": "2024-10-11", "close": 9.5999, "volume": 16179, "typical_volume": 14233.05, "trend": 9.276423, "fair_value": 8.736327, "relative_strength": 6.857065, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.961507, "energy": 65.483156, "activity_lines": [ 9.657607, 9.630353, 9.507436, 9.403169 ] }, { "date": "2024-10-18", "close": 9.6377, "volume": 16596, "typical_volume": 14446.5, "trend": 9.293507, "fair_value": 8.734815, "relative_strength": 6.627596, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.169706, "energy": 61.742647, "activity_lines": [ 9.647113, 9.640027, 9.530736, 9.426477 ] }, { "date": "2024-10-25", "close": 9.5343, "volume": 33282, "typical_volume": 13072.15, "trend": 9.30757, "fair_value": 8.732062, "relative_strength": 6.972631, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.411525, "energy": 43.093836, "activity_lines": [ 9.60464, 9.625418, 9.541581, 9.442012 ] }, { "date": "2024-11-01", "close": 9.4442, "volume": 82910, "typical_volume": 16761.65, "trend": 9.319503, "fair_value": 8.72856, "relative_strength": 7.080694, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.112578, "energy": 27.771454, "activity_lines": [ 9.542413, 9.593173, 9.541706, 9.450827 ] }, { "date": "2024-11-08", "close": 9.5652, "volume": 29400, "typical_volume": 17928.9, "trend": 9.339517, "fair_value": 8.726054, "relative_strength": 9.269647, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.513824, "energy": 24.288159, "activity_lines": [ 9.538733, 9.585209, 9.552037, 9.466678 ] }, { "date": "2024-11-15", "close": 9.5191, "volume": 15838, "typical_volume": 18331.35, "trend": 9.359277, "fair_value": 8.723212, "relative_strength": 9.52097, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.766191, "energy": 24.499552, "activity_lines": [ 9.526347, 9.568396, 9.556045, 9.478264 ] }, { "date": "2024-11-22", "close": 9.5266, "volume": 12937, "typical_volume": 18379.0, "trend": 9.379713, "fair_value": 8.722022, "relative_strength": 9.571243, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.053172, "energy": 17.236821, "activity_lines": [ 9.521847, 9.554207, 9.558926, 9.489059 ] }, { "date": "2024-11-29", "close": 9.6289, "volume": 3892, "typical_volume": 17891.0, "trend": 9.400233, "fair_value": 8.720543, "relative_strength": 10.785013, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.339622, "energy": 21.730416, "activity_lines": [ 9.558853, 9.561316, 9.570003, 9.505136 ] }, { "date": "2024-12-06", "close": 9.6633, "volume": 13611, "typical_volume": 18194.65, "trend": 9.420107, "fair_value": 8.718569, "relative_strength": 8.064799, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.488976, "energy": 32.655669, "activity_lines": [ 9.60102, 9.575764, 9.582814, 9.522108 ] }, { "date": "2024-12-13", "close": 9.6236, "volume": 2727, "typical_volume": 17945.65, "trend": 9.436313, "fair_value": 8.716444, "relative_strength": 7.667549, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 44.339419, "energy": 34.03884, "activity_lines": [ 9.615347, 9.583976, 9.589719, 9.535236 ] }, { "date": "2024-12-20", "close": 9.4798, "volume": 185796, "typical_volume": 26703.95, "trend": 9.44946, "fair_value": 8.713753, "relative_strength": 7.832807, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.246867, "energy": 20.619242, "activity_lines": [ 9.577847, 9.566798, 9.581287, 9.538042 ] }, { "date": "2024-12-27", "close": 9.461, "volume": 5365, "typical_volume": 26229.75, "trend": 9.461813, "fair_value": 8.710674, "relative_strength": 6.279093, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.286613, "energy": 3.551738, "activity_lines": [ 9.5367, 9.548385, 9.570584, 9.538786 ] }, { "date": "2025-01-03", "close": 9.4966, "volume": 2028, "typical_volume": 25836.4, "trend": 9.475537, "fair_value": 8.709297, "relative_strength": 7.55891, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.392403, "energy": 14.782393, "activity_lines": [ 9.511793, 9.539658, 9.562677, 9.541031 ] }, { "date": "2025-01-10", "close": 9.4057, "volume": 4820, "typical_volume": 25830.25, "trend": 9.48348, "fair_value": 8.708017, "relative_strength": 4.283493, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.041963, "energy": 33.101042, "activity_lines": [ 9.465407, 9.515089, 9.545964, 9.536525 ] }, { "date": "2025-01-17", "close": 9.5217, "volume": 8248, "typical_volume": 26152.9, "trend": 9.49555, "fair_value": 8.707258, "relative_strength": 1.691116, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.780784, "energy": 32.18152, "activity_lines": [ 9.47486, 9.512311, 9.541079, 9.538991 ] }, { "date": "2025-01-24", "close": 9.5392, "volume": 4737, "typical_volume": 25810.5, "trend": 9.509117, "fair_value": 8.707024, "relative_strength": -0.999922, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.410655, "energy": 24.180482, "activity_lines": [ 9.49694, 9.513505, 9.537946, 9.541807 ] }, { "date": "2025-01-31", "close": 9.6171, "volume": 8193, "typical_volume": 25713.15, "trend": 9.522953, "fair_value": 8.707425, "relative_strength": -0.538466, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 28.176281, "energy": 11.977125, "activity_lines": [ 9.541027, 9.528498, 9.542466, 9.548774 ] }, { "date": "2025-02-07", "close": 9.6587, "volume": 27949, "typical_volume": 25759.9, "trend": 9.53475, "fair_value": 8.708867, "relative_strength": -0.47768, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 42.819765, "energy": 31.597831, "activity_lines": [ 9.588573, 9.549409, 9.551223, 9.557532 ] }, { "date": "2025-02-14", "close": 9.6999, "volume": 17805, "typical_volume": 25115.05, "trend": 9.550843, "fair_value": 8.710554, "relative_strength": -2.636661, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.834174, "energy": 51.456261, "activity_lines": [ 9.639047, 9.577269, 9.564047, 9.568186 ] }, { "date": "2025-02-21", "close": 9.6801, "volume": 63021, "typical_volume": 27766.7, "trend": 9.564213, "fair_value": 8.713996, "relative_strength": -2.654366, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.860187, "energy": 62.56609, "activity_lines": [ 9.663307, 9.600864, 9.575068, 9.576526 ] }, { "date": "2025-02-28", "close": 9.7534, "volume": 24965, "typical_volume": 28206.0, "trend": 9.5767, "fair_value": 8.717908, "relative_strength": -1.513216, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.102612, "energy": 77.123207, "activity_lines": [ 9.70144, 9.636758, 9.592998, 9.588731 ] }, { "date": "2025-03-07", "close": 9.7269, "volume": 13265, "typical_volume": 28039.45, "trend": 9.589727, "fair_value": 8.723906, "relative_strength": -1.99854, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.504605, "energy": 72.825238, "activity_lines": [ 9.71646, 9.66286, 9.607674, 9.598422 ] }, { "date": "2025-03-14", "close": 9.7145, "volume": 9606, "typical_volume": 26855.65, "trend": 9.598033, "fair_value": 8.72944, "relative_strength": -1.166688, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.069776, "energy": 66.098523, "activity_lines": [ 9.720027, 9.681873, 9.620744, 9.606471 ] }, { "date": "2025-03-21", "close": 9.774, "volume": 11821, "typical_volume": 23301.2, "trend": 9.604843, "fair_value": 8.735444, "relative_strength": -0.891909, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.812973, "energy": 73.484642, "activity_lines": [ 9.739707, 9.707742, 9.638622, 9.617824 ] }, { "date": "2025-03-28", "close": 9.6669, "volume": 8866, "typical_volume": 22274.5, "trend": 9.60909, "fair_value": 8.739771, "relative_strength": -0.57951, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.181643, "energy": 43.553629, "activity_lines": [ 9.718747, 9.707442, 9.64473, 9.621828 ] }, { "date": "2025-04-04", "close": 9.6868, "volume": 11902, "typical_volume": 22077.7, "trend": 9.61237, "fair_value": 8.745171, "relative_strength": 8.059167, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.703998, "energy": 32.772138, "activity_lines": [ 9.7053, 9.70812, 9.65225, 9.626841 ] }, { "date": "2025-04-11", "close": 9.2989, "volume": 30544, "typical_volume": 22958.05, "trend": 9.599833, "fair_value": 8.748901, "relative_strength": 5.902679, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -25.892299, "energy": 26.032645, "activity_lines": [ 9.566993, 9.635587, 9.622027, 9.606617 ] }, { "date": "2025-04-18", "close": 9.5666, "volume": 5685, "typical_volume": 23047.7, "trend": 9.59577, "fair_value": 8.754946, "relative_strength": 5.913685, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.711027, "energy": 25.009939, "activity_lines": [ 9.546453, 9.617513, 9.618384, 9.604473 ] }, { "date": "2025-04-25", "close": 9.6572, "volume": 2621, "typical_volume": 22498.2, "trend": 9.593763, "fair_value": 8.762104, "relative_strength": 3.077467, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.655962, "energy": 19.133443, "activity_lines": [ 9.565973, 9.617585, 9.623667, 9.608437 ] }, { "date": "2025-05-02", "close": 9.6763, "volume": 3448, "typical_volume": 22534.25, "trend": 9.594137, "fair_value": 8.770424, "relative_strength": -0.005967, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 20.222128, "energy": 21.462246, "activity_lines": [ 9.599647, 9.621907, 9.630797, 9.613762 ] }, { "date": "2025-05-09", "close": 9.6963, "volume": 26163, "typical_volume": 14552.6, "trend": 9.59735, "fair_value": 8.778829, "relative_strength": 0.315807, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 43.421793, "energy": 22.248773, "activity_lines": [ 9.63936, 9.629935, 9.639581, 9.620353 ] }, { "date": "2025-05-16", "close": 9.7498, "volume": 56065, "typical_volume": 17087.6, "trend": 9.601087, "fair_value": 8.787687, "relative_strength": -1.137814, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 52.000396, "energy": 36.279961, "activity_lines": [ 9.696273, 9.648727, 9.65243, 9.630188 ] }, { "date": "2025-05-23", "close": 9.6875, "volume": 12360, "typical_volume": 17604.2, "trend": 9.606193, "fair_value": 8.794675, "relative_strength": -0.035493, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 43.092707, "energy": 36.632407, "activity_lines": [ 9.70236, 9.655776, 9.65797, 9.635763 ] }, { "date": "2025-05-30", "close": 9.7789, "volume": 14258, "typical_volume": 18076.1, "trend": 9.61735, "fair_value": 8.802733, "relative_strength": 0.488469, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 64.726394, "energy": 57.262023, "activity_lines": [ 9.730853, 9.679935, 9.671306, 9.646906 ] }, { "date": "2025-06-06", "close": 9.8048, "volume": 32641, "typical_volume": 19295.75, "trend": 9.625337, "fair_value": 8.812654, "relative_strength": -0.114281, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.940168, "energy": 62.481819, "activity_lines": [ 9.759867, 9.708713, 9.685331, 9.658999 ] }, { "date": "2025-06-13", "close": 9.8632, "volume": 17525, "typical_volume": 19935.15, "trend": 9.636807, "fair_value": 8.824272, "relative_strength": 1.956012, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.28259, "energy": 61.905383, "activity_lines": [ 9.79978, 9.745602, 9.70357, 9.674345 ] }, { "date": "2025-06-20", "close": 9.8574, "volume": 7225, "typical_volume": 19886.75, "trend": 9.647833, "fair_value": 8.835136, "relative_strength": 3.017385, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.376992, "energy": 66.937944, "activity_lines": [ 9.826633, 9.778229, 9.719714, 9.688577 ] }, { "date": "2025-06-27", "close": 9.9672, "volume": 10098, "typical_volume": 18994.2, "trend": 9.65911, "fair_value": 8.846869, "relative_strength": 2.667742, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.892787, "energy": 75.653073, "activity_lines": [ 9.882913, 9.820665, 9.74517, 9.709181 ] }, { "date": "2025-07-04", "close": 10.0452, "volume": 17456, "typical_volume": 18976.75, "trend": 9.67184, "fair_value": 8.860024, "relative_strength": 3.240451, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.665015, "energy": 82.461234, "activity_lines": [ 9.946547, 9.87, 9.776587, 9.73409 ] }, { "date": "2025-07-11", "close": 9.966, "volume": 1111, "typical_volume": 15881.25, "trend": 9.683253, "fair_value": 8.873517, "relative_strength": 0.581735, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.739463, "energy": 83.017844, "activity_lines": [ 9.966027, 9.89788, 9.798816, 9.753068 ] }, { "date": "2025-07-18", "close": 9.9891, "volume": 14699, "typical_volume": 15367.95, "trend": 9.70023, "fair_value": 8.885493, "relative_strength": 0.818033, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.282034, "energy": 87.274054, "activity_lines": [ 9.98246, 9.924693, 9.821883, 9.7728 ] }, { "date": "2025-07-25", "close": 10.0456, "volume": 6575, "typical_volume": 15033.45, "trend": 9.719717, "fair_value": 8.896284, "relative_strength": 1.160539, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.134311, "energy": 89.608083, "activity_lines": [ 10.009333, 9.956455, 9.84921, 9.795082 ] }, { "date": "2025-08-01", "close": 10.0991, "volume": 24483, "typical_volume": 15777.3, "trend": 9.7398, "fair_value": 8.907687, "relative_strength": 5.51427, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.876713, "energy": 90.275489, "activity_lines": [ 10.041493, 9.992565, 9.880113, 9.819559 ] }, { "date": "2025-08-08", "close": 10.173, "volume": 4898, "typical_volume": 15431.15, "trend": 9.765377, "fair_value": 8.918682, "relative_strength": 3.537951, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.951966, "energy": 91.857283, "activity_lines": [ 10.089493, 10.034629, 9.916224, 9.847507 ] }, { "date": "2025-08-15", "close": 10.2319, "volume": 28790, "typical_volume": 16427.35, "trend": 9.78905, "fair_value": 8.930787, "relative_strength": 1.73373, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.055549, "energy": 92.342356, "activity_lines": [ 10.148607, 10.080236, 9.956044, 9.877605 ] }, { "date": "2025-08-22", "close": 10.2111, "volume": 1752, "typical_volume": 15919.85, "trend": 9.811447, "fair_value": 8.943482, "relative_strength": 0.909957, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.320341, "energy": 90.034027, "activity_lines": [ 10.18306, 10.114296, 9.991192, 9.904834 ] }, { "date": "2025-08-29", "close": 10.2417, "volume": 6332, "typical_volume": 14709.25, "trend": 9.832267, "fair_value": 8.956865, "relative_strength": 4.578631, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.001897, "energy": 90.809987, "activity_lines": [ 10.212913, 10.147595, 10.026759, 9.932593 ] }, { "date": "2025-09-05", "close": 10.3398, "volume": 11554, "typical_volume": 15002.7, "trend": 9.85497, "fair_value": 8.970681, "relative_strength": 5.911867, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.929552, "energy": 94.609647, "activity_lines": [ 10.262393, 10.191742, 10.067178, 9.965337 ] }, { "date": "2025-09-12", "close": 10.445, "volume": 8449, "typical_volume": 15294.1, "trend": 9.879807, "fair_value": 8.986179, "relative_strength": 4.870815, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.059609, "energy": 96.912572, "activity_lines": [ 10.330893, 10.248242, 10.113935, 10.003403 ] }, { "date": "2025-09-19", "close": 10.3733, "volume": 30077, "typical_volume": 16625.55, "trend": 9.902913, "fair_value": 9.002441, "relative_strength": 3.729389, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.220432, "energy": 86.797582, "activity_lines": [ 10.35736, 10.284436, 10.150111, 10.035242 ] }, { "date": "2025-09-26", "close": 10.4169, "volume": 20027, "typical_volume": 16318.75, "trend": 9.92503, "fair_value": 9.020602, "relative_strength": 3.819441, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.670138, "energy": 85.393371, "activity_lines": [ 10.388933, 10.321153, 10.187121, 10.068402 ] }, { "date": "2025-10-03", "close": 10.4462, "volume": 7977, "typical_volume": 13914.35, "trend": 9.949007, "fair_value": 9.038722, "relative_strength": 1.378226, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.53256, "energy": 84.569415, "activity_lines": [ 10.416553, 10.355418, 10.22349, 10.102026 ] }, { "date": "2025-10-10", "close": 10.4067, "volume": 8325, "typical_volume": 13712.6, "trend": 9.97208, "fair_value": 9.057596, "relative_strength": 3.007092, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.079875, "energy": 67.67133, "activity_lines": [ 10.417373, 10.375218, 10.252781, 10.131554 ] }, { "date": "2025-10-17", "close": 10.4962, "volume": 6368, "typical_volume": 13318.1, "trend": 9.996153, "fair_value": 9.077598, "relative_strength": 0.60923, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.57773, "energy": 72.566571, "activity_lines": [ 10.443567, 10.405698, 10.287171, 10.165369 ] }, { "date": "2025-10-24", "close": 10.5483, "volume": 16579, "typical_volume": 12515.0, "trend": 10.025533, "fair_value": 9.095876, "relative_strength": 0.46024, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.642243, "energy": 73.187882, "activity_lines": [ 10.483713, 10.439775, 10.323108, 10.200991 ] }, { "date": "2025-10-31", "close": 10.6129, "volume": 96936, "typical_volume": 16485.55, "trend": 10.056403, "fair_value": 9.114634, "relative_strength": 2.327263, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.774879, "energy": 74.044918, "activity_lines": [ 10.533727, 10.479844, 10.361656, 10.238886 ] }, { "date": "2025-11-07", "close": 10.5673, "volume": 19896, "typical_volume": 17119.1, "trend": 10.098683, "fair_value": 9.131119, "relative_strength": 4.037271, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.474804, "energy": 69.01978, "activity_lines": [ 10.555473, 10.504316, 10.392291, 10.271847 ] }, { "date": "2025-11-14", "close": 10.5927, "volume": 23420, "typical_volume": 17785.2, "trend": 10.132887, "fair_value": 9.147767, "relative_strength": 1.500023, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.534874, "energy": 69.39464, "activity_lines": [ 10.577613, 10.527487, 10.421965, 10.303719 ] }, { "date": "2025-11-21", "close": 10.583, "volume": 6606, "typical_volume": 17242.7, "trend": 10.163747, "fair_value": 9.163283, "relative_strength": 3.768456, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.849983, "energy": 67.259648, "activity_lines": [ 10.58412, 10.544296, 10.447736, 10.332758 ] }, { "date": "2025-11-28", "close": 10.653, "volume": 13523, "typical_volume": 17863.3, "trend": 10.196303, "fair_value": 9.177987, "relative_strength": 2.68361, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.519461, "energy": 70.329195, "activity_lines": [ 10.608173, 10.571324, 10.477613, 10.364323 ] }, { "date": "2025-12-05", "close": 10.6657, "volume": 18957, "typical_volume": 18076.2, "trend": 10.228617, "fair_value": 9.192704, "relative_strength": 2.886489, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.015195, "energy": 70.059651, "activity_lines": [ 10.62948, 10.595575, 10.505429, 10.394607 ] }, { "date": "2025-12-12", "close": 10.641, "volume": 19747, "typical_volume": 18734.8, "trend": 10.258323, "fair_value": 9.207807, "relative_strength": 3.203875, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.895166, "energy": 66.208849, "activity_lines": [ 10.639033, 10.610811, 10.52767, 10.421212 ] }, { "date": "2025-12-19", "close": 10.6928, "volume": 1826, "typical_volume": 17601.95, "trend": 10.291833, "fair_value": 9.223551, "relative_strength": 2.640039, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.321556, "energy": 69.907864, "activity_lines": [ 10.66094, 10.631924, 10.552009, 10.449243 ] }, { "date": "2025-12-26", "close": 10.702, "volume": 1, "typical_volume": 17357.1, "trend": 10.322603, "fair_value": 9.239426, "relative_strength": 3.280875, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.245509, "energy": 70.058624, "activity_lines": [ 10.67924, 10.649507, 10.574397, 10.475705 ] }, { "date": "2026-01-02", "close": 10.6927, "volume": 5245, "typical_volume": 16179.85, "trend": 10.3522, "fair_value": 9.255301, "relative_strength": 2.036326, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.094021, "energy": 66.112538, "activity_lines": [ 10.686507, 10.661658, 10.59338, 10.499582 ] }, { "date": "2026-01-09", "close": 10.694, "volume": 25350, "typical_volume": 17359.75, "trend": 10.379893, "fair_value": 9.269943, "relative_strength": -0.00758, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.916592, "energy": 63.189663, "activity_lines": [ 10.69156, 10.67142, 10.610293, 10.521634 ] }, { "date": "2026-01-16", "close": 10.7076, "volume": 31185, "typical_volume": 18602.4, "trend": 10.408233, "fair_value": 9.283963, "relative_strength": 1.276421, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.759039, "energy": 60.366443, "activity_lines": [ 10.69926, 10.68218, 10.626201, 10.542776 ] }, { "date": "2026-01-23", "close": 10.7259, "volume": 36369, "typical_volume": 19843.15, "trend": 10.433523, "fair_value": 9.298385, "relative_strength": 2.717572, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.39358, "energy": 57.988032, "activity_lines": [ 10.70862, 10.693716, 10.641634, 10.563271 ] }, { "date": "2026-01-30", "close": 10.7527, "volume": 22501, "typical_volume": 20545.75, "trend": 10.457107, "fair_value": 9.311989, "relative_strength": 3.008242, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.413906, "energy": 60.679188, "activity_lines": [ 10.724707, 10.707704, 10.657781, 10.583863 ] }, { "date": "2026-02-06", "close": 10.7677, "volume": 21357, "typical_volume": 20109.75, "trend": 10.48383, "fair_value": 9.327785, "relative_strength": 1.179069, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.487542, "energy": 62.164422, "activity_lines": [ 10.742413, 10.721333, 10.673891, 10.603901 ] }, { "date": "2026-02-13", "close": 10.8855, "volume": 15787, "typical_volume": 19897.75, "trend": 10.51371, "fair_value": 9.344638, "relative_strength": 1.631707, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.359861, "energy": 81.080016, "activity_lines": [ 10.794387, 10.754295, 10.699342, 10.629815 ] }, { "date": "2026-02-20", "close": 10.8819, "volume": 40818, "typical_volume": 21539.8, "trend": 10.541587, "fair_value": 9.361348, "relative_strength": -0.967048, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.67379, "energy": 83.629197, "activity_lines": [ 10.832393, 10.782605, 10.722219, 10.65357 ] }, { "date": "2026-02-27", "close": 10.9053, "volume": 24691, "typical_volume": 22358.1, "trend": 10.56846, "fair_value": 9.378331, "relative_strength": -1.609347, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.656645, "energy": 86.575906, "activity_lines": [ 10.86658, 10.810791, 10.745249, 10.677035 ] }, { "date": "2026-03-06", "close": 10.81, "volume": 25513, "typical_volume": 23315.35, "trend": 10.589693, "fair_value": 9.394738, "relative_strength": 4.455767, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.005323, "energy": 60.983222, "activity_lines": [ 10.85704, 10.817785, 10.756829, 10.692618 ] }, { "date": "2026-03-13", "close": 10.5715, "volume": 50098, "typical_volume": 24991.3, "trend": 10.601013, "fair_value": 9.409638, "relative_strength": 3.016338, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.6122, "energy": 22.234088, "activity_lines": [ 10.76418, 10.779453, 10.7442, 10.691445 ] }, { "date": "2026-03-20", "close": 10.5, "volume": 27801, "typical_volume": 21534.55, "trend": 10.610643, "fair_value": 9.423355, "relative_strength": 5.360574, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.788239, "energy": 18.940137, "activity_lines": [ 10.660567, 10.730324, 10.724652, 10.684928 ] }, { "date": "2026-03-27", "close": 10.4582, "volume": 23662, "typical_volume": 21722.85, "trend": 10.61786, "fair_value": 9.436786, "relative_strength": 4.235371, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -38.015041, "energy": 43.322496, "activity_lines": [ 10.56872, 10.677122, 10.70166, 10.675092 ] }, { "date": "2026-04-03", "close": 10.5827, "volume": 3133, "typical_volume": 20708.5, "trend": 10.625957, "fair_value": 9.450618, "relative_strength": 2.029925, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.506436, "energy": 39.226106, "activity_lines": [ 10.54662, 10.651091, 10.691045, 10.672824 ] }, { "date": "2026-04-10", "close": 10.7072, "volume": 13806, "typical_volume": 21068.5, "trend": 10.634697, "fair_value": 9.465156, "relative_strength": -0.465987, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.183272, "energy": 29.836996, "activity_lines": [ 10.587527, 10.6503, 10.692334, 10.678066 ] }, { "date": "2026-04-17", "close": 10.8976, "volume": 19835, "typical_volume": 21384.1, "trend": 10.652173, "fair_value": 9.481685, "relative_strength": -0.657661, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.954858, "energy": 19.063508, "activity_lines": [ 10.698753, 10.684955, 10.711166, 10.695027 ] }, { "date": "2026-04-24", "close": 10.8185, "volume": 11142, "typical_volume": 20993.35, "trend": 10.66556, "fair_value": 9.497019, "relative_strength": 1.785592, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.269834, "energy": 34.039287, "activity_lines": [ 10.761873, 10.702865, 10.721299, 10.705758 ] }, { "date": "2026-05-01", "close": 10.7816, "volume": 10029, "typical_volume": 20507.45, "trend": 10.67674, "fair_value": 9.512145, "relative_strength": 1.850362, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 42.650335, "energy": 38.018887, "activity_lines": [ 10.79146, 10.715285, 10.72719, 10.713244 ] }, { "date": "2026-05-08", "close": 10.8672, "volume": 22952, "typical_volume": 21563.75, "trend": 10.69209, "fair_value": 9.527738, "relative_strength": 2.555578, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.318012, "energy": 47.039292, "activity_lines": [ 10.82802, 10.745093, 10.740565, 10.725532 ] }, { "date": "2026-05-15", "close": 10.7248, "volume": 10954, "typical_volume": 22111.4, "trend": 10.69971, "fair_value": 9.543029, "relative_strength": 3.077767, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.790607, "energy": 44.467634, "activity_lines": [ 10.798147, 10.749702, 10.739547, 10.727642 ] }, { "date": "2026-05-22", "close": 10.7465, "volume": 4999, "typical_volume": 22099.1, "trend": 10.706317, "fair_value": 9.558796, "relative_strength": 1.102885, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.458973, "energy": 24.604473, "activity_lines": [ 10.774333, 10.759805, 10.740487, 10.730661 ] }, { "date": "2026-05-29", "close": 10.8902, "volume": 1591, "typical_volume": 20911.15, "trend": 10.71556, "fair_value": 9.574885, "relative_strength": 1.505319, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.833134, "energy": 32.762587, "activity_lines": [ 10.808493, 10.792855, 10.754856, 10.742525 ] }, { "date": "2026-06-05", "close": 10.848, "volume": 19796, "typical_volume": 20341.7, "trend": 10.724917, "fair_value": 9.590433, "relative_strength": 0.58853, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.440232, "energy": 28.628269, "activity_lines": [ 10.823807, 10.811136, 10.764272, 10.751069 ] }, { "date": "2026-06-12", "close": 10.9279, "volume": 257, "typical_volume": 18536.1, "trend": 10.73609, "fair_value": 9.606218, "relative_strength": -0.316599, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.355801, "energy": 51.413736, "activity_lines": [ 10.861327, 10.836858, 10.78063, 10.764165 ] }, { "date": "2026-06-19", "close": 10.9554, "volume": 146, "typical_volume": 17418.35, "trend": 10.748503, "fair_value": 9.621936, "relative_strength": -0.902756, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.747705, "energy": 68.593306, "activity_lines": [ 10.903967, 10.861304, 10.798644, 10.778314 ] }, { "date": "2026-06-26", "close": 10.9789, "volume": 0, "typical_volume": 16350.5, "trend": 10.759367, "fair_value": 9.637729, "relative_strength": -0.280343, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.271109, "energy": 74.97511, "activity_lines": [ 10.939067, 10.885509, 10.817931, 10.793178 ] }, { "date": "2026-07-03", "close": 10.9649, "volume": 8611, "typical_volume": 15991.7, "trend": 10.76934, "fair_value": 9.654219, "relative_strength": -1.826004, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.946953, "energy": 77.221453, "activity_lines": [ 10.954007, 10.905691, 10.834879, 10.806438 ] }, { "date": "2026-07-10", "close": 10.9279, "volume": 30455, "typical_volume": 15473.55, "trend": 10.778903, "fair_value": 9.669015, "relative_strength": -0.228076, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.93471, "energy": 71.760725, "activity_lines": [ 10.951633, 10.916484, 10.847925, 10.816668 ] }, { "date": "2026-07-17", "close": 10.899, "volume": 20084, "typical_volume": 15243.2, "trend": 10.785777, "fair_value": 9.683742, "relative_strength": -0.533826, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.460282, "energy": 56.87204, "activity_lines": [ 10.9343, 10.919362, 10.858, 10.824416 ] }, { "date": "2026-07-24", "close": 10.7874, "volume": 27646, "typical_volume": 15349.85, "trend": 10.788623, "fair_value": 9.697571, "relative_strength": -1.954854, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.877028, "energy": 20.554902, "activity_lines": [ 10.881693, 10.901371, 10.857476, 10.824521 ] }, { "date": "2026-07-31", "close": 10.7638, "volume": 7555, "typical_volume": 13222.7, "trend": 10.790993, "fair_value": 9.711906, "relative_strength": -3.64498, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.922851, "energy": 17.97627, "activity_lines": [ 10.83242, 10.877951, 10.854812, 10.822919 ] }, { "date": "2026-08-07", "close": 10.8826, "volume": 28018, "typical_volume": 13233.55, "trend": 10.79728, "fair_value": 9.726937, "relative_strength": -4.785508, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.105806, "energy": 23.240877, "activity_lines": [ 10.837087, 10.875816, 10.862547, 10.828829 ] } ], "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." } } }