{ "ticker": { "uuid": "d646a134-805b-4ffe-992b-ca88d5f59981", "symbol": "QDVX", "name": "iShares MSCI Europe Quality Dividend Advanced UCITS ETF EUR (Dist)", "exchange": "GER", "country": "DE", "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": "^GDAXI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 89.152, "architecture_energy": 88.785, "architecture_maturity": 37.239, "architecture_confidence": 75.067, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 0.17, "rotation_up": 80.99, "upward_expansion": 97.13, "deceleration": 41.19, "rotation_down": 15.06, "downward_expansion": 19.13 }, "activity_lines": [ 7.244067, 7.169182, 7.001388, 6.885709 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 7.368, "trend_reference": 6.756614, "distance_from_trend": 0.090487, "trend_direction": "Improving", "fair_value": 6.024108, "distance_from_fair_value": 0.223086, "fair_value_direction": "Improving", "relative_strength": 3.867976, "relative_strength_direction": "Improving", "price_momentum": 0.114988, "excess_performance": 0.050348, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.090487, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.037469, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.223086, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.085977, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.03868, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.006507, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.114988, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.823317, "read": "Supply-led" } ], "volume": { "latest": 481293, "relative_activity": 0.717546, "balance": 0.823317, "dry_up": 0.675127, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.01732, "annualized_volatility": 0.130937, "from_high_reference": -0.002572, "from_low_reference": 0.216691 }, "levels": { "trend_reference": 6.756614, "fair_value_reference": 6.024108, "structural_low": 6.149166, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 38, "median_return": 0.00518, "positive_rate": 0.631579, "directional_follow_through": 0.631579, "median_excess_return": -0.002659, "regime_survival": 0.710526, "best_return": 0.076548, "worst_return": -0.074673, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 15, "median_return": 0.02107, "positive_rate": 0.733333, "directional_follow_through": 0.733333, "median_excess_return": 0.000666, "regime_survival": 0.6, "best_return": 0.086446, "worst_return": -0.033611, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.043889, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": 0.025677, "regime_survival": 0.428571, "best_return": 0.112911, "worst_return": -0.022928, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.07289, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.045061, "regime_survival": 0.5, "best_return": 0.151407, "worst_return": 0.061647, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-03", "end": "2024-05-10", "tenure": "New", "return": 0.035981, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-17", "end": "2024-06-28", "tenure": "Developing", "return": -0.015738, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-05", "end": "2024-08-30", "tenure": "Developing", "return": 0.035477, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-06", "end": "2024-11-08", "tenure": "Developing", "return": -0.013316, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-15", "end": "2025-01-31", "tenure": "Developing", "return": 0.058249, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-03-28", "tenure": "Developing", "return": -0.001875, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-05-02", "tenure": "Developing", "return": 0.076328, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-05-23", "tenure": "New", "return": 0.015383, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-30", "end": "2025-07-04", "tenure": "Developing", "return": -0.021739, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-11", "end": "2025-08-22", "tenure": "Developing", "return": 0.010379, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-29", "end": "2025-10-24", "tenure": "Developing", "return": 0.039327, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-31", "end": "2026-03-20", "tenure": "Established", "return": -0.007854, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-24", "tenure": "Developing", "return": 0.055145, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.105167, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 4.916086, "volume": 610056, "typical_volume": 688734.4, "trend": 4.972836, "fair_value": 4.406906, "relative_strength": -2.498259, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.243005, "energy": 4.429468, "activity_lines": [ 4.991129, 4.993307, 5.002505, 4.993793 ] }, { "date": "2023-08-25", "close": 4.950086, "volume": 149165, "typical_volume": 659195.6, "trend": 4.975918, "fair_value": 4.416439, "relative_strength": -1.959516, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.249106, "energy": 12.025837, "activity_lines": [ 4.968586, 4.986875, 4.996221, 4.992326 ] }, { "date": "2023-09-01", "close": 5.023597, "volume": 266598, "typical_volume": 641591.3, "trend": 4.979462, "fair_value": 4.426803, "relative_strength": -1.653523, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.022152, "energy": 6.027972, "activity_lines": [ 4.977714, 4.994994, 4.997122, 4.995402 ] }, { "date": "2023-09-08", "close": 4.983165, "volume": 457332, "typical_volume": 637348.65, "trend": 4.982802, "fair_value": 4.436554, "relative_strength": -1.64337, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.184436, "energy": 11.262254, "activity_lines": [ 4.980041, 4.992939, 4.994291, 4.995641 ] }, { "date": "2023-09-15", "close": 5.056678, "volume": 471393, "typical_volume": 632488.05, "trend": 4.98567, "fair_value": 4.44677, "relative_strength": -0.986791, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.097478, "energy": 15.128553, "activity_lines": [ 5.006873, 5.00425, 4.998965, 5.000407 ] }, { "date": "2023-09-22", "close": 4.976733, "volume": 306835, "typical_volume": 588179.75, "trend": 4.988073, "fair_value": 4.457376, "relative_strength": -0.289241, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.937832, "energy": 12.017018, "activity_lines": [ 5.00381, 4.997734, 4.996124, 4.99983 ] }, { "date": "2023-09-29", "close": 4.917005, "volume": 842025, "typical_volume": 587477.5, "trend": 4.986767, "fair_value": 4.46709, "relative_strength": -0.232099, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.548134, "energy": 10.917857, "activity_lines": [ 4.976795, 4.981211, 4.988005, 4.995245 ] }, { "date": "2023-10-06", "close": 4.892195, "volume": 1167479, "typical_volume": 612103.2, "trend": 4.987679, "fair_value": 4.476156, "relative_strength": 0.419723, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.244989, "energy": 26.637539, "activity_lines": [ 4.943714, 4.962733, 4.978282, 4.989144 ] }, { "date": "2023-10-13", "close": 4.941815, "volume": 1241918, "typical_volume": 646152.45, "trend": 4.994886, "fair_value": 4.485816, "relative_strength": 1.80382, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.48037, "energy": 41.294214, "activity_lines": [ 4.935934, 4.957487, 4.974209, 4.986185 ] }, { "date": "2023-10-20", "close": 4.761712, "volume": 424709, "typical_volume": 637091.5, "trend": 4.993347, "fair_value": 4.494577, "relative_strength": 0.743578, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -71.157904, "energy": 62.800168, "activity_lines": [ 4.870877, 4.920246, 4.953332, 4.971141 ] }, { "date": "2023-10-27", "close": 4.752523, "volume": 558034, "typical_volume": 648388.55, "trend": 4.985895, "fair_value": 4.504569, "relative_strength": 1.369802, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.018957, "energy": 69.01695, "activity_lines": [ 4.82242, 4.885813, 4.932889, 4.955604 ] }, { "date": "2023-11-03", "close": 4.902303, "volume": 345547, "typical_volume": 625626.25, "trend": 4.983014, "fair_value": 4.514327, "relative_strength": 1.155264, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.884294, "energy": 56.405791, "activity_lines": [ 4.838838, 4.881586, 4.927822, 4.950211 ] }, { "date": "2023-11-10", "close": 4.900465, "volume": 707549, "typical_volume": 632432.7, "trend": 4.978083, "fair_value": 4.522329, "relative_strength": 0.848996, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.192653, "energy": 48.37185, "activity_lines": [ 4.855623, 4.877894, 4.923118, 4.944885 ] }, { "date": "2023-11-17", "close": 5.0194, "volume": 508666, "typical_volume": 611886.65, "trend": 4.975759, "fair_value": 4.530695, "relative_strength": -1.09417, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.283285, "energy": 12.335706, "activity_lines": [ 4.911502, 4.898065, 4.929588, 4.947551 ] }, { "date": "2023-11-24", "close": 5.085074, "volume": 308291, "typical_volume": 587328.35, "trend": 4.976017, "fair_value": 4.539183, "relative_strength": -0.435029, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.283405, "energy": 20.136438, "activity_lines": [ 4.9841, 4.929518, 4.94214, 4.954604 ] }, { "date": "2023-12-01", "close": 5.160131, "volume": 581224, "typical_volume": 585401.1, "trend": 4.979258, "fair_value": 4.548318, "relative_strength": -1.150044, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.007511, "energy": 35.638745, "activity_lines": [ 5.060159, 4.974101, 4.960844, 4.966482 ] }, { "date": "2023-12-08", "close": 5.204226, "volume": 182137, "typical_volume": 547002.15, "trend": 4.983518, "fair_value": 4.557891, "relative_strength": -2.349357, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 48.837407, "energy": 63.168962, "activity_lines": [ 5.123743, 5.023367, 4.983096, 4.980996 ] }, { "date": "2023-12-15", "close": 5.253013, "volume": 1473761, "typical_volume": 581500.95, "trend": 4.989082, "fair_value": 4.567417, "relative_strength": -1.294907, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.510794, "energy": 82.931134, "activity_lines": [ 5.183461, 5.076281, 5.009297, 4.998383 ] }, { "date": "2023-12-22", "close": 5.274592, "volume": 1156955, "typical_volume": 614911.85, "trend": 4.997724, "fair_value": 4.577133, "relative_strength": -0.542678, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.194111, "energy": 85.075599, "activity_lines": [ 5.226868, 5.126559, 5.036938, 5.016803 ] }, { "date": "2023-12-29", "close": 5.283974, "volume": 453669, "typical_volume": 610667.15, "trend": 5.005975, "fair_value": 4.586502, "relative_strength": -0.553605, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.113911, "energy": 85.680294, "activity_lines": [ 5.256391, 5.172492, 5.064084, 5.035271 ] }, { "date": "2024-01-05", "close": 5.266148, "volume": 1031519, "typical_volume": 631740.3, "trend": 5.015315, "fair_value": 4.595003, "relative_strength": 0.103598, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.78764, "energy": 82.07818, "activity_lines": [ 5.266711, 5.205688, 5.088218, 5.052056 ] }, { "date": "2024-01-12", "close": 5.279282, "volume": 646012, "typical_volume": 656582.65, "trend": 5.024114, "fair_value": 4.603746, "relative_strength": -0.275152, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.53478, "energy": 78.079381, "activity_lines": [ 5.274341, 5.231933, 5.111936, 5.069086 ] }, { "date": "2024-01-19", "close": 5.223928, "volume": 452067, "typical_volume": 665856.1, "trend": 5.035968, "fair_value": 4.61225, "relative_strength": -0.389411, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.868229, "energy": 63.146627, "activity_lines": [ 5.258517, 5.24126, 5.128815, 5.081977 ] }, { "date": "2024-01-26", "close": 5.393744, "volume": 810247, "typical_volume": 683501.85, "trend": 5.049654, "fair_value": 4.622652, "relative_strength": 0.401277, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.492357, "energy": 64.35478, "activity_lines": [ 5.301237, 5.275581, 5.160913, 5.10506 ] }, { "date": "2024-02-02", "close": 5.410632, "volume": 869220, "typical_volume": 703393.2, "trend": 5.067487, "fair_value": 4.632631, "relative_strength": 0.959921, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.138593, "energy": 81.1206, "activity_lines": [ 5.341642, 5.306167, 5.192663, 5.128348 ] }, { "date": "2024-02-09", "close": 5.417199, "volume": 741354, "typical_volume": 725119.15, "trend": 5.080607, "fair_value": 4.642531, "relative_strength": 1.02644, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.269149, "energy": 84.412606, "activity_lines": [ 5.375793, 5.332027, 5.223354, 5.150911 ] }, { "date": "2024-02-16", "close": 5.49507, "volume": 723345, "typical_volume": 719185.15, "trend": 5.095189, "fair_value": 4.652874, "relative_strength": 1.335791, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.542169, "energy": 92.378594, "activity_lines": [ 5.425831, 5.367372, 5.259364, 5.17765 ] }, { "date": "2024-02-23", "close": 5.569188, "volume": 534265, "typical_volume": 687524.45, "trend": 5.110037, "fair_value": 4.664106, "relative_strength": 0.939575, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.875427, "energy": 93.956321, "activity_lines": [ 5.486188, 5.410904, 5.29968, 5.208231 ] }, { "date": "2024-03-01", "close": 5.596396, "volume": 1047609, "typical_volume": 677809.0, "trend": 5.130478, "fair_value": 4.67503, "relative_strength": -0.357448, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.671804, "energy": 93.887801, "activity_lines": [ 5.532598, 5.453635, 5.339363, 5.239609 ] }, { "date": "2024-03-08", "close": 5.660194, "volume": 893741, "typical_volume": 701260.6, "trend": 5.152218, "fair_value": 4.68572, "relative_strength": 0.314428, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.72408, "energy": 93.924538, "activity_lines": [ 5.586764, 5.502115, 5.382006, 5.273784 ] }, { "date": "2024-03-15", "close": 5.675206, "volume": 589617, "typical_volume": 702839.75, "trend": 5.177522, "fair_value": 4.696453, "relative_strength": -0.082696, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.21087, "energy": 91.188153, "activity_lines": [ 5.629296, 5.546484, 5.421799, 5.307525 ] }, { "date": "2024-03-22", "close": 5.730559, "volume": 603851, "typical_volume": 715754.95, "trend": 5.203538, "fair_value": 4.707231, "relative_strength": -0.560141, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.119451, "energy": 86.943545, "activity_lines": [ 5.673079, 5.593479, 5.462471, 5.343205 ] }, { "date": "2024-03-29", "close": 5.769965, "volume": 1207516, "typical_volume": 740753.3, "trend": 5.228417, "fair_value": 4.718009, "relative_strength": -1.389628, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.56657, "energy": 74.88728, "activity_lines": [ 5.714298, 5.639434, 5.502951, 5.379749 ] }, { "date": "2024-04-05", "close": 5.684587, "volume": 1147427, "typical_volume": 772691.35, "trend": 5.251798, "fair_value": 4.727956, "relative_strength": -1.109425, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.812399, "energy": 67.174251, "activity_lines": [ 5.713672, 5.659938, 5.53116, 5.409179 ] }, { "date": "2024-04-12", "close": 5.656441, "volume": 637153, "typical_volume": 789134.45, "trend": 5.27179, "fair_value": 4.737481, "relative_strength": -0.232393, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.615517, "energy": 64.840089, "activity_lines": [ 5.697785, 5.670037, 5.55352, 5.435285 ] }, { "date": "2024-04-19", "close": 5.57388, "volume": 740605, "typical_volume": 797103.5, "trend": 5.291695, "fair_value": 4.746818, "relative_strength": -0.581633, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.034126, "energy": 51.750858, "activity_lines": [ 5.654628, 5.660655, 5.565297, 5.454775 ] }, { "date": "2024-04-26", "close": 5.671453, "volume": 551710, "typical_volume": 815582.15, "trend": 5.316843, "fair_value": 4.756917, "relative_strength": -1.161399, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.142438, "energy": 44.156706, "activity_lines": [ 5.65075, 5.666165, 5.584396, 5.479275 ] }, { "date": "2024-05-03", "close": 5.658318, "volume": 380570, "typical_volume": 760922.6, "trend": 5.342381, "fair_value": 4.76612, "relative_strength": -0.499646, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.301174, "energy": 37.240053, "activity_lines": [ 5.646434, 5.666079, 5.60002, 5.501306 ] }, { "date": "2024-05-10", "close": 5.861908, "volume": 958359, "typical_volume": 750992.8, "trend": 5.37305, "fair_value": 4.776643, "relative_strength": -1.113857, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 80.912482, "energy": 56.179209, "activity_lines": [ 5.717425, 5.70139, 5.633102, 5.534824 ] }, { "date": "2024-05-17", "close": 5.924381, "volume": 574303, "typical_volume": 757024.5, "trend": 5.411806, "fair_value": 4.787611, "relative_strength": 0.27978, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.914436, "energy": 70.701066, "activity_lines": [ 5.797418, 5.743232, 5.669338, 5.570393 ] }, { "date": "2024-05-24", "close": 5.931991, "volume": 488645, "typical_volume": 729880.8, "trend": 5.451122, "fair_value": 4.798783, "relative_strength": 0.446183, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.817767, "energy": 86.031893, "activity_lines": [ 5.862086, 5.781654, 5.703249, 5.603954 ] }, { "date": "2024-05-31", "close": 5.877762, "volume": 605793, "typical_volume": 727869.85, "trend": 5.483637, "fair_value": 4.80949, "relative_strength": 0.555083, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.800986, "energy": 82.322273, "activity_lines": [ 5.884803, 5.805547, 5.728825, 5.631479 ] }, { "date": "2024-06-07", "close": 5.929138, "volume": 580169, "typical_volume": 734274.95, "trend": 5.517926, "fair_value": 4.820186, "relative_strength": 1.067242, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.319496, "energy": 82.607472, "activity_lines": [ 5.910892, 5.836105, 5.756444, 5.660221 ] }, { "date": "2024-06-14", "close": 5.813066, "volume": 576280, "typical_volume": 722576.6, "trend": 5.544382, "fair_value": 4.830375, "relative_strength": 2.043737, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.979812, "energy": 55.600365, "activity_lines": [ 5.880235, 5.842665, 5.76965, 5.679262 ] }, { "date": "2024-06-21", "close": 5.87015, "volume": 1140645, "typical_volume": 736147.85, "trend": 5.570551, "fair_value": 4.8409, "relative_strength": 2.03256, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.026242, "energy": 47.698493, "activity_lines": [ 5.871863, 5.857268, 5.786296, 5.700279 ] }, { "date": "2024-06-28", "close": 5.831143, "volume": 564763, "typical_volume": 727318.3, "trend": 5.592918, "fair_value": 4.851182, "relative_strength": 0.886318, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.611076, "energy": 36.619362, "activity_lines": [ 5.854103, 5.860893, 5.797039, 5.717092 ] }, { "date": "2024-07-05", "close": 5.873005, "volume": 863279, "typical_volume": 734315.0, "trend": 5.61521, "fair_value": 4.861508, "relative_strength": 0.257748, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.309621, "energy": 31.634384, "activity_lines": [ 5.857021, 5.867452, 5.809798, 5.735162 ] }, { "date": "2024-07-12", "close": 5.953874, "volume": 495025, "typical_volume": 732353.0, "trend": 5.638572, "fair_value": 4.872428, "relative_strength": 0.125445, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.973983, "energy": 43.764862, "activity_lines": [ 5.887212, 5.88505, 5.828459, 5.757011 ] }, { "date": "2024-07-19", "close": 5.820678, "volume": 1060810, "typical_volume": 733013.05, "trend": 5.656775, "fair_value": 4.882352, "relative_strength": 0.942583, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.294663, "energy": 30.02823, "activity_lines": [ 5.871356, 5.873057, 5.832602, 5.76876 ] }, { "date": "2024-07-26", "close": 5.905352, "volume": 505892, "typical_volume": 713620.6, "trend": 5.677488, "fair_value": 4.89276, "relative_strength": 0.986864, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.373567, "energy": 36.655581, "activity_lines": [ 5.883216, 5.877208, 5.843742, 5.784797 ] }, { "date": "2024-08-02", "close": 5.779767, "volume": 681625, "typical_volume": 718221.0, "trend": 5.694609, "fair_value": 4.90209, "relative_strength": 2.979224, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.519315, "energy": 20.690182, "activity_lines": [ 5.850869, 5.858872, 5.841754, 5.791396 ] }, { "date": "2024-08-09", "close": 5.764544, "volume": 1107365, "typical_volume": 743396.7, "trend": 5.710784, "fair_value": 4.910838, "relative_strength": 2.295296, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.498153, "energy": 14.578324, "activity_lines": [ 5.816872, 5.840536, 5.837818, 5.795908 ] }, { "date": "2024-08-16", "close": 5.897741, "volume": 557989, "typical_volume": 710920.35, "trend": 5.733244, "fair_value": 4.920587, "relative_strength": 1.19631, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.48582, "energy": 16.547519, "activity_lines": [ 5.834504, 5.848476, 5.846405, 5.80797 ] }, { "date": "2024-08-23", "close": 6.006201, "volume": 406646, "typical_volume": 673881.3, "trend": 5.75366, "fair_value": 4.931151, "relative_strength": 1.304135, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.377246, "energy": 29.448222, "activity_lines": [ 5.892032, 5.876706, 5.864714, 5.82558 ] }, { "date": "2024-08-30", "close": 6.081362, "volume": 569949, "typical_volume": 670521.1, "trend": 5.776017, "fair_value": 4.94236, "relative_strength": 1.05881, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 71.281304, "energy": 57.869087, "activity_lines": [ 5.962246, 5.915091, 5.88865, 5.846722 ] }, { "date": "2024-09-06", "close": 5.930088, "volume": 869756, "typical_volume": 676978.65, "trend": 5.793114, "fair_value": 4.953122, "relative_strength": 1.756972, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.907873, "energy": 56.926238, "activity_lines": [ 5.970301, 5.922131, 5.896155, 5.856662 ] }, { "date": "2024-09-13", "close": 6.044257, "volume": 978790, "typical_volume": 698332.65, "trend": 5.81142, "fair_value": 4.964888, "relative_strength": 1.480225, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.15121, "energy": 66.409996, "activity_lines": [ 6.006391, 5.948131, 5.912837, 5.872865 ] }, { "date": "2024-09-20", "close": 5.993833, "volume": 1954889, "typical_volume": 777048.6, "trend": 5.825575, "fair_value": 4.976336, "relative_strength": 0.521104, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.546841, "energy": 57.355707, "activity_lines": [ 6.007025, 5.961848, 5.922941, 5.884633 ] }, { "date": "2024-09-27", "close": 6.138445, "volume": 724256, "typical_volume": 765343.45, "trend": 5.843643, "fair_value": 4.989077, "relative_strength": -1.011649, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.960225, "energy": 55.10733, "activity_lines": [ 6.049458, 6.001132, 5.94522, 5.904818 ] }, { "date": "2024-10-04", "close": 5.997638, "volume": 1816921, "typical_volume": 827474.35, "trend": 5.854891, "fair_value": 5.000547, "relative_strength": -1.453286, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.244425, "energy": 40.483561, "activity_lines": [ 6.036138, 6.009038, 5.952773, 5.914753 ] }, { "date": "2024-10-11", "close": 6.049966, "volume": 1112261, "typical_volume": 858655.15, "trend": 5.867383, "fair_value": 5.012061, "relative_strength": -1.813223, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.133598, "energy": 37.324342, "activity_lines": [ 6.045843, 6.024779, 5.96496, 5.927339 ] }, { "date": "2024-10-18", "close": 6.120369, "volume": 1522954, "typical_volume": 904513.2, "trend": 5.880377, "fair_value": 5.023906, "relative_strength": -2.041655, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.075756, "energy": 43.129615, "activity_lines": [ 6.071023, 6.048408, 5.98329, 5.943661 ] }, { "date": "2024-10-25", "close": 5.988125, "volume": 1158907, "typical_volume": 933450.1, "trend": 5.887649, "fair_value": 5.034681, "relative_strength": -3.110733, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.006213, "energy": 29.811863, "activity_lines": [ 6.047048, 6.041524, 5.987871, 5.950612 ] }, { "date": "2024-11-01", "close": 5.892033, "volume": 1228151, "typical_volume": 966043.65, "trend": 5.894564, "fair_value": 5.04453, "relative_strength": -3.534775, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.405621, "energy": 14.11497, "activity_lines": [ 5.991423, 6.015525, 5.983018, 5.950895 ] }, { "date": "2024-11-08", "close": 5.851122, "volume": 1243835, "typical_volume": 971203.15, "trend": 5.901053, "fair_value": 5.053879, "relative_strength": -3.907675, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 10.547495, "energy": 12.532198, "activity_lines": [ 5.938588, 5.984163, 5.973894, 5.948092 ] }, { "date": "2024-11-15", "close": 5.845584, "volume": 1645429, "typical_volume": 1025236.45, "trend": 5.91011, "fair_value": 5.063249, "relative_strength": -3.91103, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.148224, "energy": 24.352179, "activity_lines": [ 5.893675, 5.955981, 5.964333, 5.944514 ] }, { "date": "2024-11-22", "close": 5.929741, "volume": 786485, "typical_volume": 1021396.75, "trend": 5.918719, "fair_value": 5.073832, "relative_strength": -3.030581, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.161007, "energy": 21.78489, "activity_lines": [ 5.89044, 5.944636, 5.962718, 5.94578 ] }, { "date": "2024-11-29", "close": 5.945219, "volume": 763840, "typical_volume": 1034837.5, "trend": 5.928283, "fair_value": 5.084563, "relative_strength": -4.214167, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.335774, "energy": 16.859309, "activity_lines": [ 5.905073, 5.938187, 5.962307, 5.94749 ] }, { "date": "2024-12-06", "close": 6.003258, "volume": 820361, "typical_volume": 1022815.05, "trend": 5.932994, "fair_value": 5.094944, "relative_strength": -6.785536, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.108745, "energy": 9.990459, "activity_lines": [ 5.941912, 5.943175, 5.967464, 5.952327 ] }, { "date": "2024-12-13", "close": 5.99552, "volume": 1183143, "typical_volume": 1056677.6, "trend": 5.935366, "fair_value": 5.105019, "relative_strength": -6.890845, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.802789, "energy": 17.463224, "activity_lines": [ 5.968757, 5.949214, 5.971015, 5.956361 ] }, { "date": "2024-12-20", "close": 5.833008, "volume": 1432819, "typical_volume": 1094237.3, "trend": 5.932066, "fair_value": 5.113646, "relative_strength": -6.913427, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.205024, "energy": 5.55891, "activity_lines": [ 5.931805, 5.925744, 5.95866, 5.949757 ] }, { "date": "2024-12-27", "close": 5.875571, "volume": 363220, "typical_volume": 1057030.05, "trend": 5.931993, "fair_value": 5.122152, "relative_strength": -6.579239, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.799363, "energy": 7.922497, "activity_lines": [ 5.909879, 5.913957, 5.950104, 5.946112 ] }, { "date": "2025-01-03", "close": 5.888146, "volume": 713292, "typical_volume": 1064795.2, "trend": 5.930627, "fair_value": 5.130209, "relative_strength": -5.887383, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.53814, "energy": 22.564168, "activity_lines": [ 5.895756, 5.908908, 5.942218, 5.943283 ] }, { "date": "2025-01-10", "close": 5.892983, "volume": 632502, "typical_volume": 1076088.0, "trend": 5.933291, "fair_value": 5.137764, "relative_strength": -7.109126, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.850684, "energy": 28.835919, "activity_lines": [ 5.88705, 5.906556, 5.934838, 5.940855 ] }, { "date": "2025-01-17", "close": 6.014866, "volume": 1058505, "typical_volume": 1100515.8, "trend": 5.938115, "fair_value": 5.14625, "relative_strength": -8.15473, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.871737, "energy": 3.384649, "activity_lines": [ 5.926323, 5.926347, 5.939605, 5.946118 ] }, { "date": "2025-01-24", "close": 6.109665, "volume": 1009551, "typical_volume": 1107505.55, "trend": 5.947399, "fair_value": 5.155293, "relative_strength": -8.668701, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.875671, "energy": 29.31286, "activity_lines": [ 5.995907, 5.960397, 5.953717, 5.957185 ] }, { "date": "2025-01-31", "close": 6.186084, "volume": 1261387, "typical_volume": 1121635.4, "trend": 5.957835, "fair_value": 5.165388, "relative_strength": -8.763557, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 71.096569, "energy": 62.210231, "activity_lines": [ 6.072519, 6.00354, 5.974252, 5.972585 ] }, { "date": "2025-02-07", "close": 6.189953, "volume": 1220455, "typical_volume": 1084913.7, "trend": 5.965704, "fair_value": 5.174724, "relative_strength": -8.734623, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.090849, "energy": 73.35646, "activity_lines": [ 6.129721, 6.042725, 5.99448, 5.98756 ] }, { "date": "2025-02-14", "close": 6.268308, "volume": 1246481, "typical_volume": 1111024.95, "trend": 5.980625, "fair_value": 5.185029, "relative_strength": -10.325432, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.363748, "energy": 83.262561, "activity_lines": [ 6.19292, 6.091708, 6.021236, 6.007083 ] }, { "date": "2025-02-21", "close": 6.288621, "volume": 1005171, "typical_volume": 1070437.45, "trend": 5.993401, "fair_value": 5.195954, "relative_strength": -8.91126, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.295068, "energy": 86.324018, "activity_lines": [ 6.237869, 6.139564, 6.049309, 6.026953 ] }, { "date": "2025-02-28", "close": 6.293458, "volume": 1758979, "typical_volume": 1102773.35, "trend": 6.010524, "fair_value": 5.208317, "relative_strength": -9.703302, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.45863, "energy": 84.04971, "activity_lines": [ 6.266179, 6.182971, 6.076457, 6.046312 ] }, { "date": "2025-03-07", "close": 6.218006, "volume": 1685136, "typical_volume": 1110882.45, "trend": 6.025639, "fair_value": 5.219424, "relative_strength": -12.300669, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.293804, "energy": 72.730527, "activity_lines": [ 6.257086, 6.204288, 6.095259, 6.059698 ] }, { "date": "2025-03-14", "close": 6.13675, "volume": 1116607, "typical_volume": 1108767.45, "trend": 6.033606, "fair_value": 5.229303, "relative_strength": -13.095315, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.145645, "energy": 45.83199, "activity_lines": [ 6.21878, 6.204604, 6.105858, 6.066866 ] }, { "date": "2025-03-21", "close": 6.217039, "volume": 3105468, "typical_volume": 1202633.3, "trend": 6.040634, "fair_value": 5.239285, "relative_strength": -11.35279, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.317894, "energy": 37.453138, "activity_lines": [ 6.210783, 6.214999, 6.123395, 6.078701 ] }, { "date": "2025-03-28", "close": 6.178346, "volume": 650173, "typical_volume": 1172950.2, "trend": 6.043867, "fair_value": 5.248708, "relative_strength": -10.008648, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.172199, "energy": 27.686488, "activity_lines": [ 6.193307, 6.212466, 6.1357, 6.087585 ] }, { "date": "2025-04-04", "close": 5.753687, "volume": 2788998, "typical_volume": 1230128.65, "trend": 6.037987, "fair_value": 5.254518, "relative_strength": -8.609972, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -5.360989, "energy": 19.60448, "activity_lines": [ 6.041629, 6.12975, 6.106003, 6.068864 ] }, { "date": "2025-04-11", "close": 5.665659, "volume": 2184611, "typical_volume": 1300034.95, "trend": 6.025367, "fair_value": 5.259731, "relative_strength": -8.610681, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.251806, "energy": 42.175154, "activity_lines": [ 5.896594, 6.037502, 6.06836, 6.044843 ] }, { "date": "2025-04-18", "close": 5.902656, "volume": 1048962, "typical_volume": 1314291.05, "trend": 6.022328, "fair_value": 5.267197, "relative_strength": -8.314347, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.634423, "energy": 36.965485, "activity_lines": [ 5.867381, 5.997806, 6.054545, 6.036926 ] }, { "date": "2025-04-25", "close": 6.03518, "volume": 871884, "typical_volume": 1316867.2, "trend": 6.018885, "fair_value": 5.275329, "relative_strength": -10.392278, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.681968, "energy": 34.419656, "activity_lines": [ 5.897948, 5.987429, 6.053555, 6.037755 ] }, { "date": "2025-05-02", "close": 6.192855, "volume": 1037043, "typical_volume": 1309562.2, "trend": 6.025393, "fair_value": 5.285479, "relative_strength": -11.153444, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 4.160703, "energy": 14.051004, "activity_lines": [ 5.993198, 6.009959, 6.067429, 6.048979 ] }, { "date": "2025-05-09", "close": 6.23832, "volume": 1763555, "typical_volume": 1326099.0, "trend": 6.031671, "fair_value": 5.29548, "relative_strength": -11.810045, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.852061, "energy": 29.445603, "activity_lines": [ 6.102635, 6.042497, 6.084694, 6.062716 ] }, { "date": "2025-05-16", "close": 6.35292, "volume": 1631804, "typical_volume": 1389528.2, "trend": 6.039423, "fair_value": 5.306097, "relative_strength": -10.921707, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.128601, "energy": 45.713912, "activity_lines": [ 6.217964, 6.096873, 6.110943, 6.083442 ] }, { "date": "2025-05-23", "close": 6.334286, "volume": 1158151, "typical_volume": 1411771.15, "trend": 6.050961, "fair_value": 5.315999, "relative_strength": -10.381894, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.682533, "energy": 55.067823, "activity_lines": [ 6.281264, 6.145409, 6.133144, 6.102466 ] }, { "date": "2025-05-30", "close": 6.360765, "volume": 742574, "typical_volume": 1417274.75, "trend": 6.066586, "fair_value": 5.326365, "relative_strength": -11.085715, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.462731, "energy": 70.680003, "activity_lines": [ 6.324615, 6.195167, 6.155742, 6.122453 ] }, { "date": "2025-06-06", "close": 6.366649, "volume": 2164325, "typical_volume": 1472565.75, "trend": 6.08377, "fair_value": 5.338018, "relative_strength": -11.800097, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.466556, "energy": 71.860897, "activity_lines": [ 6.348222, 6.243382, 6.176673, 6.141812 ] }, { "date": "2025-06-13", "close": 6.270541, "volume": 901003, "typical_volume": 1467138.35, "trend": 6.097935, "fair_value": 5.350038, "relative_strength": -9.891538, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.572284, "energy": 55.560022, "activity_lines": [ 6.328206, 6.270699, 6.186776, 6.153862 ] }, { "date": "2025-06-20", "close": 6.228371, "volume": 1462726, "typical_volume": 1477205.3, "trend": 6.10789, "fair_value": 5.361167, "relative_strength": -9.530589, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.805716, "energy": 36.748581, "activity_lines": [ 6.291985, 6.280951, 6.192097, 6.162277 ] }, { "date": "2025-06-27", "close": 6.22543, "volume": 779734, "typical_volume": 1455169.25, "trend": 6.11723, "fair_value": 5.372606, "relative_strength": -11.792466, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.202251, "energy": 24.631448, "activity_lines": [ 6.263088, 6.280437, 6.196936, 6.16986 ] }, { "date": "2025-07-04", "close": 6.222487, "volume": 1151804, "typical_volume": 1450435.4, "trend": 6.124538, "fair_value": 5.383487, "relative_strength": -10.593643, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.688781, "energy": 19.547519, "activity_lines": [ 6.240467, 6.27352, 6.201326, 6.176651 ] }, { "date": "2025-07-11", "close": 6.236217, "volume": 1153940, "typical_volume": 1457873.85, "trend": 6.132561, "fair_value": 5.3944, "relative_strength": -11.774112, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.866496, "energy": 20.72958, "activity_lines": [ 6.23164, 6.265694, 6.207242, 6.183856 ] }, { "date": "2025-07-18", "close": 6.234255, "volume": 1183675, "typical_volume": 1429108.65, "trend": 6.145936, "fair_value": 5.404784, "relative_strength": -11.554574, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.089323, "energy": 18.811614, "activity_lines": [ 6.230856, 6.256722, 6.21322, 6.190417 ] }, { "date": "2025-07-25", "close": 6.261715, "volume": 1031666, "typical_volume": 1396435.15, "trend": 6.158807, "fair_value": 5.414385, "relative_strength": -10.532815, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.291254, "energy": 17.452805, "activity_lines": [ 6.241643, 6.252817, 6.222096, 6.197887 ] }, { "date": "2025-08-01", "close": 6.062635, "volume": 1446007, "typical_volume": 1412905.15, "trend": 6.164624, "fair_value": 5.422982, "relative_strength": -10.040614, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.030971, "energy": 9.234211, "activity_lines": [ 6.183848, 6.214374, 6.211803, 6.191682 ] }, { "date": "2025-08-08", "close": 6.215622, "volume": 631886, "typical_volume": 1289226.05, "trend": 6.175378, "fair_value": 5.432236, "relative_strength": -10.174806, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.547053, "energy": 12.061946, "activity_lines": [ 6.187901, 6.208686, 6.216434, 6.194972 ] }, { "date": "2025-08-15", "close": 6.215622, "volume": 520879, "typical_volume": 1282761.35, "trend": 6.18207, "fair_value": 5.441655, "relative_strength": -10.498168, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.224908, "energy": 11.727803, "activity_lines": [ 6.192413, 6.205637, 6.221071, 6.197568 ] }, { "date": "2025-08-22", "close": 6.300943, "volume": 596239, "typical_volume": 1173123.4, "trend": 6.188446, "fair_value": 5.452489, "relative_strength": -8.892139, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.911927, "energy": 18.18218, "activity_lines": [ 6.226737, 6.220847, 6.233657, 6.205238 ] }, { "date": "2025-08-29", "close": 6.146974, "volume": 844643, "typical_volume": 1106125.0, "trend": 6.187142, "fair_value": 5.463079, "relative_strength": -9.007188, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.483202, "energy": 7.084177, "activity_lines": [ 6.205292, 6.207509, 6.228973, 6.202562 ] }, { "date": "2025-09-05", "close": 6.171492, "volume": 1121400, "typical_volume": 1109746.9, "trend": 6.186527, "fair_value": 5.473481, "relative_strength": -7.067483, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.686012, "energy": 5.797648, "activity_lines": [ 6.19967, 6.20011, 6.224332, 6.201552 ] }, { "date": "2025-09-12", "close": 6.196989, "volume": 875556, "typical_volume": 1109930.5, "trend": 6.18415, "fair_value": 5.484902, "relative_strength": -6.688273, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.518586, "energy": 6.91136, "activity_lines": [ 6.19529, 6.198327, 6.220839, 6.202227 ] }, { "date": "2025-09-19", "close": 6.178356, "volume": 768736, "typical_volume": 1096515.15, "trend": 6.180474, "fair_value": 5.497248, "relative_strength": -6.359674, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.396205, "energy": 10.67076, "activity_lines": [ 6.18594, 6.193619, 6.214801, 6.201854 ] }, { "date": "2025-09-26", "close": 6.207777, "volume": 1148270, "typical_volume": 1065750.9, "trend": 6.177618, "fair_value": 5.510137, "relative_strength": -5.962251, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.543523, "energy": 8.675358, "activity_lines": [ 6.188882, 6.195313, 6.211634, 6.203615 ] }, { "date": "2025-10-03", "close": 6.322518, "volume": 947936, "typical_volume": 1031557.5, "trend": 6.181102, "fair_value": 5.523656, "relative_strength": -6.384117, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.175043, "energy": 20.551052, "activity_lines": [ 6.236282, 6.218351, 6.219541, 6.212963 ] }, { "date": "2025-10-10", "close": 6.247004, "volume": 1266969, "typical_volume": 1036998.4, "trend": 6.184777, "fair_value": 5.536745, "relative_strength": -6.624432, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.422074, "energy": 23.90209, "activity_lines": [ 6.246808, 6.226553, 6.2204, 6.217215 ] }, { "date": "2025-10-17", "close": 6.242101, "volume": 815085, "typical_volume": 1040623.95, "trend": 6.185612, "fair_value": 5.549466, "relative_strength": -4.762691, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.746142, "energy": 24.958586, "activity_lines": [ 6.250666, 6.230511, 6.221208, 6.220913 ] }, { "date": "2025-10-24", "close": 6.388715, "volume": 475876, "typical_volume": 956201.5, "trend": 6.192625, "fair_value": 5.56211, "relative_strength": -3.873664, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.119289, "energy": 52.608982, "activity_lines": [ 6.300387, 6.260645, 6.236544, 6.234017 ] }, { "date": "2025-10-31", "close": 6.335267, "volume": 870969, "typical_volume": 954699.8, "trend": 6.212011, "fair_value": 5.574231, "relative_strength": -3.275478, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.151475, "energy": 53.310725, "activity_lines": [ 6.318268, 6.277914, 6.246685, 6.24322 ] }, { "date": "2025-11-07", "close": 6.267599, "volume": 746864, "typical_volume": 918906.7, "trend": 6.232075, "fair_value": 5.584607, "relative_strength": -2.467263, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.39553, "energy": 45.233487, "activity_lines": [ 6.305094, 6.282256, 6.250073, 6.246806 ] }, { "date": "2025-11-14", "close": 6.361099, "volume": 645109, "typical_volume": 912175.45, "trend": 6.247357, "fair_value": 5.595398, "relative_strength": -2.021618, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.726674, "energy": 52.486618, "activity_lines": [ 6.326748, 6.301405, 6.262179, 6.25513 ] }, { "date": "2025-11-21", "close": 6.224291, "volume": 781147, "typical_volume": 893642.6, "trend": 6.25366, "fair_value": 5.604878, "relative_strength": -0.6086, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": 13.13201, "energy": 11.811813, "activity_lines": [ 6.295193, 6.292232, 6.260609, 6.253642 ] }, { "date": "2025-11-28", "close": 6.345352, "volume": 1367989, "typical_volume": 904345.05, "trend": 6.258744, "fair_value": 5.614948, "relative_strength": -1.58569, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.841758, "energy": 25.749352, "activity_lines": [ 6.305179, 6.304573, 6.270561, 6.259558 ] }, { "date": "2025-12-05", "close": 6.337478, "volume": 846702, "typical_volume": 887496.4, "trend": 6.262049, "fair_value": 5.625286, "relative_strength": -2.276954, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.227286, "energy": 27.992699, "activity_lines": [ 6.315431, 6.312447, 6.279243, 6.264637 ] }, { "date": "2025-12-12", "close": 6.283345, "volume": 728991, "typical_volume": 872362.65, "trend": 6.25973, "fair_value": 5.636245, "relative_strength": -3.512084, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.169909, "energy": 16.633082, "activity_lines": [ 6.307492, 6.30812, 6.282278, 6.266011 ] }, { "date": "2025-12-19", "close": 6.400469, "volume": 3932350, "typical_volume": 996679.8, "trend": 6.261936, "fair_value": 5.647898, "relative_strength": -1.916991, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.197438, "energy": 41.838312, "activity_lines": [ 6.337544, 6.325801, 6.296365, 6.275091 ] }, { "date": "2025-12-26", "close": 6.385705, "volume": 466922, "typical_volume": 988431.6, "trend": 6.262767, "fair_value": 5.659455, "relative_strength": -2.129177, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.939015, "energy": 45.497297, "activity_lines": [ 6.36005, 6.338007, 6.307437, 6.283076 ] }, { "date": "2026-01-02", "close": 6.434917, "volume": 366730, "typical_volume": 980724.15, "trend": 6.265043, "fair_value": 5.670175, "relative_strength": -1.939697, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.744495, "energy": 56.413268, "activity_lines": [ 6.388199, 6.35655, 6.322385, 6.294183 ] }, { "date": "2026-01-09", "close": 6.483145, "volume": 1568978, "typical_volume": 1029361.1, "trend": 6.27213, "fair_value": 5.680618, "relative_strength": -3.788271, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.286739, "energy": 69.084199, "activity_lines": [ 6.426453, 6.383021, 6.340883, 6.308254 ] }, { "date": "2026-01-16", "close": 6.522514, "volume": 1311805, "typical_volume": 1052719.2, "trend": 6.281934, "fair_value": 5.691371, "relative_strength": -3.130941, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.2792, "energy": 74.472318, "activity_lines": [ 6.468119, 6.413962, 6.362263, 6.324407 ] }, { "date": "2026-01-23", "close": 6.402438, "volume": 1156428, "typical_volume": 1054470.6, "trend": 6.287835, "fair_value": 5.701274, "relative_strength": -3.20153, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.18949, "energy": 62.639556, "activity_lines": [ 6.453815, 6.418436, 6.370418, 6.332182 ] }, { "date": "2026-01-30", "close": 6.492987, "volume": 1008860, "typical_volume": 1061135.8, "trend": 6.296851, "fair_value": 5.711375, "relative_strength": -0.239912, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.409456, "energy": 60.588984, "activity_lines": [ 6.469562, 6.438622, 6.386097, 6.345418 ] }, { "date": "2026-02-06", "close": 6.608142, "volume": 1062154, "typical_volume": 1075806.7, "trend": 6.309249, "fair_value": 5.722434, "relative_strength": 0.902196, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.181958, "energy": 68.745984, "activity_lines": [ 6.516543, 6.474859, 6.411334, 6.365501 ] }, { "date": "2026-02-13", "close": 6.665228, "volume": 912126, "typical_volume": 1063999.5, "trend": 6.323615, "fair_value": 5.733296, "relative_strength": 1.063777, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.626269, "energy": 79.044492, "activity_lines": [ 6.571004, 6.516698, 6.439961, 6.388467 ] }, { "date": "2026-02-20", "close": 6.750844, "volume": 837479, "typical_volume": 1058476.65, "trend": 6.339919, "fair_value": 5.745131, "relative_strength": 1.070155, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.135524, "energy": 94.242728, "activity_lines": [ 6.641865, 6.568144, 6.474564, 6.41603 ] }, { "date": "2026-02-27", "close": 6.848654, "volume": 1265849, "typical_volume": 1058420.65, "trend": 6.36612, "fair_value": 5.757262, "relative_strength": 2.500098, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.260808, "energy": 96.314519, "activity_lines": [ 6.730107, 6.628874, 6.516442, 6.448852 ] }, { "date": "2026-03-06", "close": 6.507802, "volume": 1707732, "typical_volume": 1103053.0, "trend": 6.375859, "fair_value": 5.767794, "relative_strength": 4.346835, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.968706, "energy": 75.04335, "activity_lines": [ 6.674984, 6.619483, 6.522994, 6.457993 ] }, { "date": "2026-03-13", "close": 6.507802, "volume": 1407357, "typical_volume": 1149627.05, "trend": 6.385598, "fair_value": 5.779218, "relative_strength": 4.905765, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.091889, "energy": 46.563542, "activity_lines": [ 6.618873, 6.607871, 6.528279, 6.466505 ] }, { "date": "2026-03-20", "close": 6.285507, "volume": 985830, "typical_volume": 1155370.1, "trend": 6.385084, "fair_value": 5.78869, "relative_strength": 6.082026, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 9.84314, "energy": 13.316787, "activity_lines": [ 6.495353, 6.554516, 6.511827, 6.460048 ] }, { "date": "2026-03-27", "close": 6.288471, "volume": 1479796, "typical_volume": 1192016.7, "trend": 6.3898, "fair_value": 5.797103, "relative_strength": 6.456593, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.783169, "energy": 23.971669, "activity_lines": [ 6.398136, 6.505294, 6.495895, 6.453815 ] }, { "date": "2026-04-03", "close": 6.480139, "volume": 630267, "typical_volume": 1191274.6, "trend": 6.400088, "fair_value": 5.806663, "relative_strength": 5.587124, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.525305, "energy": 25.744981, "activity_lines": [ 6.395634, 6.495177, 6.498116, 6.459643 ] }, { "date": "2026-04-10", "close": 6.599684, "volume": 922480, "typical_volume": 1198341.25, "trend": 6.413512, "fair_value": 5.816607, "relative_strength": 4.668734, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.831277, "energy": 21.236512, "activity_lines": [ 6.457547, 6.505381, 6.511157, 6.47252 ] }, { "date": "2026-04-17", "close": 6.766652, "volume": 677936, "typical_volume": 1163838.6, "trend": 6.433122, "fair_value": 5.827361, "relative_strength": 3.447448, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.79666, "energy": 30.380855, "activity_lines": [ 6.568991, 6.544004, 6.538311, 6.495303 ] }, { "date": "2026-04-24", "close": 6.635251, "volume": 1381921, "typical_volume": 1190599.55, "trend": 6.447371, "fair_value": 5.837348, "relative_strength": 3.821048, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.221185, "energy": 36.781766, "activity_lines": [ 6.619378, 6.555854, 6.550945, 6.508344 ] }, { "date": "2026-05-01", "close": 6.666866, "volume": 294456, "typical_volume": 1168872.8, "trend": 6.458849, "fair_value": 5.847629, "relative_strength": 3.567444, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.219492, "energy": 45.908681, "activity_lines": [ 6.656986, 6.573996, 6.565172, 6.522505 ] }, { "date": "2026-05-08", "close": 6.660938, "volume": 1962453, "typical_volume": 1070377.95, "trend": 6.472647, "fair_value": 5.857786, "relative_strength": 3.217228, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.797199, "energy": 53.48691, "activity_lines": [ 6.667393, 6.592588, 6.577007, 6.535543 ] }, { "date": "2026-05-15", "close": 6.614503, "volume": 1184457, "typical_volume": 1106254.7, "trend": 6.48506, "fair_value": 5.867584, "relative_strength": 4.091376, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.355217, "energy": 38.41957, "activity_lines": [ 6.650268, 6.60615, 6.583181, 6.544695 ] }, { "date": "2026-05-22", "close": 6.788, "volume": 733301, "typical_volume": 1124583.25, "trend": 6.49837, "fair_value": 5.878947, "relative_strength": 2.761036, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.381703, "energy": 39.652626, "activity_lines": [ 6.689987, 6.649317, 6.604788, 6.56424 ] }, { "date": "2026-05-29", "close": 6.762, "volume": 520377, "typical_volume": 1072153.2, "trend": 6.512594, "fair_value": 5.890008, "relative_strength": 1.454547, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.195993, "energy": 36.984278, "activity_lines": [ 6.719617, 6.682663, 6.622238, 6.581248 ] }, { "date": "2026-06-05", "close": 6.751, "volume": 173779, "typical_volume": 1015251.9, "trend": 6.528707, "fair_value": 5.901323, "relative_strength": 2.623915, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.143066, "energy": 44.559928, "activity_lines": [ 6.73713, 6.705344, 6.637312, 6.596629 ] }, { "date": "2026-06-12", "close": 6.886, "volume": 78777, "typical_volume": 961369.35, "trend": 6.546204, "fair_value": 5.913315, "relative_strength": 5.103999, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.960899, "energy": 65.957012, "activity_lines": [ 6.794034, 6.744162, 6.664155, 6.61968 ] }, { "date": "2026-06-19", "close": 6.933, "volume": 68649, "typical_volume": 914358.8, "trend": 6.569828, "fair_value": 5.92655, "relative_strength": 4.255842, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.48789, "energy": 74.864769, "activity_lines": [ 6.8516, 6.784146, 6.693172, 6.644635 ] }, { "date": "2026-06-26", "close": 7.048, "volume": 14005, "typical_volume": 861951.35, "trend": 6.593249, "fair_value": 5.939786, "relative_strength": 7.130424, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.829896, "energy": 85.560368, "activity_lines": [ 6.926267, 6.838978, 6.731046, 6.675484 ] }, { "date": "2026-07-03", "close": 7.193, "volume": 32848, "typical_volume": 817987.45, "trend": 6.621767, "fair_value": 5.954641, "relative_strength": 4.503444, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.837809, "energy": 95.03336, "activity_lines": [ 7.031933, 6.915059, 6.780635, 6.714178 ] }, { "date": "2026-07-10", "close": 7.114, "volume": 1448102, "typical_volume": 848518.6, "trend": 6.649455, "fair_value": 5.968041, "relative_strength": 6.088346, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.605708, "energy": 89.631963, "activity_lines": [ 7.082533, 6.966635, 6.820186, 6.745935 ] }, { "date": "2026-07-17", "close": 7.16, "volume": 538226, "typical_volume": 812137.45, "trend": 6.674773, "fair_value": 5.981518, "relative_strength": 7.544646, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.019221, "energy": 90.456421, "activity_lines": [ 7.124267, 7.018446, 6.86239, 6.778873 ] }, { "date": "2026-07-24", "close": 7.177, "volume": 495833, "typical_volume": 751542.5, "trend": 6.701149, "fair_value": 5.994679, "relative_strength": 6.439774, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.801719, "energy": 89.048176, "activity_lines": [ 7.1534, 7.064273, 6.90473, 6.811275 ] }, { "date": "2026-07-31", "close": 7.214, "volume": 296009, "typical_volume": 695975.1, "trend": 6.727119, "fair_value": 6.00898, "relative_strength": 4.605241, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.605272, "energy": 83.258162, "activity_lines": [ 7.1786, 7.1066, 6.947407, 6.844362 ] }, { "date": "2026-08-07", "close": 7.368, "volume": 481293, "typical_volume": 670748.25, "trend": 6.756614, "fair_value": 6.024108, "relative_strength": 3.867976, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.152346, "energy": 88.784527, "activity_lines": [ 7.244067, 7.169182, 7.001388, 6.885709 ] } ], "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." } } }