{ "ticker": { "uuid": "daf1d953-ef2e-4114-b444-10068423fbfe", "symbol": "ECTN", "name": "WisdomTree Cotton - EUR Daily Hedged", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 74.41, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Re-acceleration watch", "architecture_gate": "up", "architecture_direction": 56.572, "architecture_energy": 45.791, "architecture_maturity": 24.868, "architecture_confidence": 53.522, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 31.24, "rotation_up": 64.51, "upward_expansion": 74.68, "deceleration": 44.69, "rotation_down": 12.34, "downward_expansion": 15.68 }, "activity_lines": [ 8.395133, 8.245473, 8.276886, 8.165101 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 8.641, "trend_reference": 7.957867, "distance_from_trend": 0.085844, "trend_direction": "Improving", "fair_value": 8.962912, "distance_from_fair_value": -0.035916, "fair_value_direction": "Weakening", "relative_strength": -5.202681, "relative_strength_direction": "Weakening", "price_momentum": 0.217557, "excess_performance": 0.046665, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.085844, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.029585, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.035916, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.030484, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.052027, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.085055, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.217557, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.228597, "read": "Supply-led" } ], "volume": { "latest": 1773, "relative_activity": 0.440316, "balance": 0.228597, "dry_up": 0.653956, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.043576, "annualized_volatility": 0.210517, "from_high_reference": -0.094614, "from_low_reference": 0.22637 }, "levels": { "trend_reference": 7.957867, "fair_value_reference": 8.962912, "structural_low": 7.046, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 7, "median_return": 0.039957, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": 0.018993, "regime_survival": 0.285714, "best_return": 0.153334, "worst_return": -0.270676, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.059418, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.087714, "regime_survival": 0.2, "best_return": 0.227294, "worst_return": -0.157425, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.091831, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.230715, "regime_survival": 0.25, "best_return": 0.382122, "worst_return": -0.2853, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.134426, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.222924, "regime_survival": 0.0, "best_return": -0.093396, "worst_return": -0.175456, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-08-04", "end": "2023-10-13", "tenure": "Developing", "return": 0.026652, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-10-20", "end": "2023-10-27", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-11-03", "end": "2023-12-08", "tenure": "Developing", "return": -0.008313, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-12-15", "end": "2024-01-26", "tenure": "Developing", "return": 0.046893, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-02-02", "end": "2024-03-08", "tenure": "Developing", "return": 0.091522, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-15", "end": "2024-04-05", "tenure": "New", "return": -0.071452, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-12", "end": "2024-04-26", "tenure": "New", "return": -0.040938, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-03", "end": "2024-06-07", "tenure": "Developing", "return": -0.056186, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-14", "end": "2025-05-02", "tenure": "Extended", "return": -0.100108, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-05-30", "tenure": "New", "return": -0.045663, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-06", "end": "2026-03-20", "tenure": "Extended", "return": -0.062594, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.089673, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-06-05", "tenure": "Developing", "return": -0.06135, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": 0.108816, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 11.242, "volume": 65, "typical_volume": 4119.95, "trend": 10.692033, "fair_value": 10.855487, "relative_strength": -7.287629, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.457151, "energy": 73.138658, "activity_lines": [ 11.169733, 11.006836, 10.87541, 10.766269 ] }, { "date": "2023-08-25", "close": 11.314, "volume": 8100, "typical_volume": 4499.95, "trend": 10.698767, "fair_value": 10.880526, "relative_strength": -7.152659, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.204335, "energy": 71.352748, "activity_lines": [ 11.227067, 11.087273, 10.928581, 10.806396 ] }, { "date": "2023-09-01", "close": 11.804, "volume": 8225, "typical_volume": 4886.1, "trend": 10.7203, "fair_value": 10.908949, "relative_strength": -3.709565, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.842381, "energy": 86.293577, "activity_lines": [ 11.432267, 11.246218, 11.024038, 10.877701 ] }, { "date": "2023-09-08", "close": 11.424, "volume": 280, "typical_volume": 4784.95, "trend": 10.729167, "fair_value": 10.935712, "relative_strength": -4.504914, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.079162, "energy": 75.443064, "activity_lines": [ 11.463333, 11.312873, 11.077695, 10.923101 ] }, { "date": "2023-09-15", "close": 11.594, "volume": 134, "typical_volume": 4694.0, "trend": 10.768167, "fair_value": 10.962128, "relative_strength": -4.352846, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.446711, "energy": 76.045903, "activity_lines": [ 11.529867, 11.389091, 11.142152, 10.978897 ] }, { "date": "2023-09-22", "close": 11.562, "volume": 65, "typical_volume": 4684.75, "trend": 10.8061, "fair_value": 10.988506, "relative_strength": -2.449494, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.61624, "energy": 72.115655, "activity_lines": [ 11.558667, 11.443927, 11.196981, 11.030112 ] }, { "date": "2023-09-29", "close": 11.536, "volume": 404, "typical_volume": 4679.75, "trend": 10.843167, "fair_value": 11.015045, "relative_strength": -0.338863, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.767794, "energy": 51.553818, "activity_lines": [ 11.557467, 11.479418, 11.245181, 11.077202 ] }, { "date": "2023-10-06", "close": 11.536, "volume": 0, "typical_volume": 4589.75, "trend": 10.875767, "fair_value": 11.039776, "relative_strength": 1.623009, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.457268, "energy": 50.919609, "activity_lines": [ 11.541467, 11.506655, 11.287162, 11.121901 ] }, { "date": "2023-10-13", "close": 11.402, "volume": 1000, "typical_volume": 4639.75, "trend": 10.923167, "fair_value": 11.062365, "relative_strength": -0.582651, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.492681, "energy": 40.253218, "activity_lines": [ 11.498667, 11.501455, 11.314619, 11.155852 ] }, { "date": "2023-10-20", "close": 11.074, "volume": 3255, "typical_volume": 4799.1, "trend": 10.967, "fair_value": 11.082853, "relative_strength": 0.063061, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.263433, "energy": 20.271228, "activity_lines": [ 11.348, 11.431236, 11.309714, 11.165583 ] }, { "date": "2023-10-27", "close": 11.074, "volume": 0, "typical_volume": 4786.1, "trend": 10.981133, "fair_value": 11.103551, "relative_strength": 0.397705, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.136747, "energy": 22.969381, "activity_lines": [ 11.232, 11.363091, 11.3026, 11.172486 ] }, { "date": "2023-11-03", "close": 10.586, "volume": 1505, "typical_volume": 4861.25, "trend": 10.987533, "fair_value": 11.121122, "relative_strength": -8.325734, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -48.163948, "energy": 47.962718, "activity_lines": [ 10.985867, 11.209273, 11.248714, 11.146994 ] }, { "date": "2023-11-10", "close": 10.218, "volume": 1376, "typical_volume": 4490.2, "trend": 10.973933, "fair_value": 11.136865, "relative_strength": -10.5782, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -55.996969, "energy": 75.444459, "activity_lines": [ 10.6804, 11.001782, 11.160476, 11.097346 ] }, { "date": "2023-11-17", "close": 10.366, "volume": 2060, "typical_volume": 3887.75, "trend": 10.9764, "fair_value": 11.153558, "relative_strength": -11.9037, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.246102, "energy": 76.433629, "activity_lines": [ 10.512133, 10.850036, 11.08781, 11.058125 ] }, { "date": "2023-11-24", "close": 10.408, "volume": 1000, "typical_volume": 3936.5, "trend": 10.982933, "fair_value": 11.170519, "relative_strength": -11.035284, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.856914, "energy": 78.405336, "activity_lines": [ 10.426933, 10.725164, 11.01859, 11.021454 ] }, { "date": "2023-12-01", "close": 10.25, "volume": 1002, "typical_volume": 3367.9, "trend": 10.968267, "fair_value": 11.185295, "relative_strength": -13.447515, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.253267, "energy": 81.722747, "activity_lines": [ 10.333467, 10.593127, 10.935895, 10.974168 ] }, { "date": "2023-12-08", "close": 10.498, "volume": 4598, "typical_volume": 2599.2, "trend": 10.9772, "fair_value": 11.200545, "relative_strength": -12.336249, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.777251, "energy": 72.483742, "activity_lines": [ 10.3776, 10.530036, 10.879238, 10.943828 ] }, { "date": "2023-12-15", "close": 10.492, "volume": 57, "typical_volume": 2084.0, "trend": 10.954733, "fair_value": 11.213442, "relative_strength": -11.896033, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.917037, "energy": 57.488367, "activity_lines": [ 10.4256, 10.484727, 10.82479, 10.912525 ] }, { "date": "2023-12-22", "close": 10.224, "volume": 320, "typical_volume": 1686.3, "trend": 10.923333, "fair_value": 11.224622, "relative_strength": -13.50163, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.96477, "energy": 59.70138, "activity_lines": [ 10.366, 10.409673, 10.747676, 10.865381 ] }, { "date": "2023-12-29", "close": 10.416, "volume": 3, "typical_volume": 1672.45, "trend": 10.916867, "fair_value": 11.237032, "relative_strength": -11.40774, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.626809, "energy": 48.7431, "activity_lines": [ 10.379867, 10.390945, 10.693048, 10.832649 ] }, { "date": "2024-01-05", "close": 10.416, "volume": 0, "typical_volume": 1669.2, "trend": 10.897, "fair_value": 11.24741, "relative_strength": -11.308604, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.618569, "energy": 43.128622, "activity_lines": [ 10.3932, 10.384182, 10.642095, 10.800335 ] }, { "date": "2024-01-12", "close": 10.416, "volume": 0, "typical_volume": 1264.2, "trend": 10.886467, "fair_value": 11.257173, "relative_strength": -11.054323, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.960073, "energy": 41.974609, "activity_lines": [ 10.395467, 10.389382, 10.595076, 10.769303 ] }, { "date": "2024-01-19", "close": 10.416, "volume": 0, "typical_volume": 852.95, "trend": 10.882733, "fair_value": 11.266705, "relative_strength": -10.156531, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.22221, "energy": 38.458008, "activity_lines": [ 10.4032, 10.397673, 10.552333, 10.738951 ] }, { "date": "2024-01-26", "close": 10.984, "volume": 1454, "typical_volume": 911.65, "trend": 10.9072, "fair_value": 11.28057, "relative_strength": -5.273853, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -13.65112, "energy": 15.747604, "activity_lines": [ 10.605333, 10.505636, 10.570295, 10.745484 ] }, { "date": "2024-02-02", "close": 11.276, "volume": 10564, "typical_volume": 1433.15, "trend": 10.925133, "fair_value": 11.294295, "relative_strength": -3.60089, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 22.207649, "energy": 31.809502, "activity_lines": [ 10.854133, 10.655455, 10.618162, 10.769277 ] }, { "date": "2024-02-09", "close": 11.8, "volume": 680, "typical_volume": 1463.9, "trend": 10.959867, "fair_value": 11.309295, "relative_strength": -0.386143, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.959836, "energy": 75.430927, "activity_lines": [ 11.220267, 10.884764, 10.717448, 10.82572 ] }, { "date": "2024-02-16", "close": 12.218, "volume": 325, "typical_volume": 1459.95, "trend": 10.997733, "fair_value": 11.325019, "relative_strength": 1.222122, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.731202, "energy": 85.04157, "activity_lines": [ 11.633467, 11.161891, 10.85541, 10.90689 ] }, { "date": "2024-02-23", "close": 12.084, "volume": 1445, "typical_volume": 1532.2, "trend": 11.0308, "fair_value": 11.341051, "relative_strength": -2.772249, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.583617, "energy": 84.202556, "activity_lines": [ 11.881867, 11.383382, 10.977362, 10.976972 ] }, { "date": "2024-03-01", "close": 12.33, "volume": 39448, "typical_volume": 3454.6, "trend": 11.0716, "fair_value": 11.360237, "relative_strength": -1.493594, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.419325, "energy": 83.830495, "activity_lines": [ 12.101067, 11.620655, 11.120133, 11.060791 ] }, { "date": "2024-03-08", "close": 12.308, "volume": 108, "typical_volume": 3297.25, "trend": 11.108933, "fair_value": 11.37866, "relative_strength": -2.961872, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 74.49681, "energy": 88.800496, "activity_lines": [ 12.2232, 11.815636, 11.25639, 11.140559 ] }, { "date": "2024-03-15", "close": 12.036, "volume": 260, "typical_volume": 3310.25, "trend": 11.1354, "fair_value": 11.397263, "relative_strength": -6.43047, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.275109, "energy": 66.17665, "activity_lines": [ 12.185867, 11.926764, 11.360867, 11.20037 ] }, { "date": "2024-03-22", "close": 11.85, "volume": 1699, "typical_volume": 3319.95, "trend": 11.153267, "fair_value": 11.417609, "relative_strength": -8.812663, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.537518, "energy": 60.05923, "activity_lines": [ 12.0708, 11.974618, 11.443048, 11.246473 ] }, { "date": "2024-03-29", "close": 11.814, "volume": 590, "typical_volume": 3280.65, "trend": 11.1536, "fair_value": 11.43959, "relative_strength": -9.910012, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.730072, "energy": 45.908537, "activity_lines": [ 11.968267, 11.989855, 11.515781, 11.289101 ] }, { "date": "2024-04-05", "close": 11.176, "volume": 919, "typical_volume": 3223.6, "trend": 11.145333, "fair_value": 11.454506, "relative_strength": -12.686099, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.45223, "energy": 23.120206, "activity_lines": [ 11.671067, 11.863673, 11.520152, 11.290546 ] }, { "date": "2024-04-12", "close": 10.748, "volume": 1330, "typical_volume": 3240.1, "trend": 11.117133, "fair_value": 11.465712, "relative_strength": -15.142811, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.767555, "energy": 20.166178, "activity_lines": [ 11.308133, 11.656182, 11.479905, 11.264912 ] }, { "date": "2024-04-19", "close": 10.224, "volume": 2836, "typical_volume": 3331.8, "trend": 11.072533, "fair_value": 11.471679, "relative_strength": -19.36841, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -39.449853, "energy": 40.153489, "activity_lines": [ 10.874533, 11.363018, 11.388133, 11.20729 ] }, { "date": "2024-04-26", "close": 10.308, "volume": 106, "typical_volume": 3107.2, "trend": 11.0316, "fair_value": 11.478474, "relative_strength": -19.167653, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -37.371629, "energy": 46.467764, "activity_lines": [ 10.589733, 11.113782, 11.304486, 11.157966 ] }, { "date": "2024-05-03", "close": 10.038, "volume": 1751, "typical_volume": 3191.9, "trend": 10.981667, "fair_value": 11.482647, "relative_strength": -19.44699, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.696683, "energy": 59.426498, "activity_lines": [ 10.317733, 10.850182, 11.196029, 11.093862 ] }, { "date": "2024-05-10", "close": 9.97, "volume": 1575, "typical_volume": 3254.65, "trend": 10.933933, "fair_value": 11.489821, "relative_strength": -22.016169, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.486033, "energy": 69.349179, "activity_lines": [ 10.141467, 10.611418, 11.083257, 11.028594 ] }, { "date": "2024-05-17", "close": 9.593, "volume": 528, "typical_volume": 3280.9, "trend": 10.884567, "fair_value": 11.49582, "relative_strength": -26.01814, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.217354, "energy": 76.744049, "activity_lines": [ 9.919933, 10.347018, 10.93579, 10.942082 ] }, { "date": "2024-05-24", "close": 10.18, "volume": 1198, "typical_volume": 3340.8, "trend": 10.854767, "fair_value": 11.505487, "relative_strength": -18.901303, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.48972, "energy": 58.873084, "activity_lines": [ 9.971067, 10.238709, 10.848148, 10.896626 ] }, { "date": "2024-05-31", "close": 10.252, "volume": 105, "typical_volume": 3346.05, "trend": 10.843633, "fair_value": 11.513436, "relative_strength": -17.919146, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.144041, "energy": 47.722402, "activity_lines": [ 10.049133, 10.177236, 10.768486, 10.857738 ] }, { "date": "2024-06-07", "close": 9.474, "volume": 420, "typical_volume": 3367.05, "trend": 10.818833, "fair_value": 11.515231, "relative_strength": -23.982524, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.138568, "energy": 62.073118, "activity_lines": [ 9.8716, 10.003364, 10.61551, 10.769374 ] }, { "date": "2024-06-14", "close": 9.22, "volume": 2722, "typical_volume": 3430.45, "trend": 10.780633, "fair_value": 11.517538, "relative_strength": -21.06782, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.227605, "energy": 65.595186, "activity_lines": [ 9.647, 9.825855, 10.442829, 10.666224 ] }, { "date": "2024-06-21", "close": 9.481, "volume": 2184, "typical_volume": 3011.45, "trend": 10.749733, "fair_value": 11.520436, "relative_strength": -19.962458, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.992488, "energy": 68.445212, "activity_lines": [ 9.5594, 9.731364, 10.303405, 10.582376 ] }, { "date": "2024-06-28", "close": 9.43, "volume": 500, "typical_volume": 3002.45, "trend": 10.7224, "fair_value": 11.522801, "relative_strength": -19.679232, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.810489, "energy": 72.732762, "activity_lines": [ 9.462267, 9.650636, 10.167671, 10.497232 ] }, { "date": "2024-07-05", "close": 9.068, "volume": 2030, "typical_volume": 3087.7, "trend": 10.674733, "fair_value": 11.522513, "relative_strength": -24.164622, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.254486, "energy": 81.030788, "activity_lines": [ 9.294467, 9.518527, 10.008748, 10.390497 ] }, { "date": "2024-07-12", "close": 9.056, "volume": 953, "typical_volume": 3063.1, "trend": 10.626867, "fair_value": 11.520596, "relative_strength": -25.099209, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.35484, "energy": 77.998487, "activity_lines": [ 9.2016, 9.406782, 9.863681, 10.286062 ] }, { "date": "2024-07-19", "close": 9.172, "volume": 2232, "typical_volume": 1202.3, "trend": 10.5918, "fair_value": 11.519878, "relative_strength": -22.838249, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.63499, "energy": 79.147026, "activity_lines": [ 9.175267, 9.333982, 9.744081, 10.1922 ] }, { "date": "2024-07-26", "close": 8.691, "volume": 1905, "typical_volume": 1292.15, "trend": 10.5343, "fair_value": 11.515827, "relative_strength": -25.52071, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.267586, "energy": 85.165352, "activity_lines": [ 8.9918, 9.188236, 9.59371, 10.069568 ] }, { "date": "2024-08-02", "close": 8.705, "volume": 60198, "typical_volume": 4289.05, "trend": 10.477267, "fair_value": 11.511077, "relative_strength": -20.707955, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.354705, "energy": 85.007137, "activity_lines": [ 8.865667, 9.061436, 9.461895, 9.951548 ] }, { "date": "2024-08-09", "close": 8.74, "volume": 1266, "typical_volume": 4267.4, "trend": 10.4214, "fair_value": 11.50425, "relative_strength": -19.24888, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.625159, "energy": 78.67459, "activity_lines": [ 8.799533, 8.967818, 9.349276, 9.839467 ] }, { "date": "2024-08-16", "close": 8.55, "volume": 6000, "typical_volume": 4537.9, "trend": 10.3592, "fair_value": 11.497103, "relative_strength": -23.381975, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.835995, "energy": 80.435837, "activity_lines": [ 8.691933, 8.867145, 9.233371, 9.718731 ] }, { "date": "2024-08-23", "close": 8.923, "volume": 1000, "typical_volume": 4541.95, "trend": 10.2905, "fair_value": 11.491474, "relative_strength": -20.874211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.269169, "energy": 67.210202, "activity_lines": [ 8.7424, 8.851091, 9.168533, 9.626073 ] }, { "date": "2024-08-30", "close": 8.947, "volume": 80, "typical_volume": 4479.45, "trend": 10.212867, "fair_value": 11.486064, "relative_strength": -21.64806, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.273435, "energy": 58.538034, "activity_lines": [ 8.817467, 8.8448, 9.11671, 9.539396 ] }, { "date": "2024-09-06", "close": 8.766, "volume": 18, "typical_volume": 4338.55, "trend": 10.111733, "fair_value": 11.480321, "relative_strength": -20.08436, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.616554, "energy": 61.342181, "activity_lines": [ 8.815133, 8.815309, 9.056224, 9.446049 ] }, { "date": "2024-09-13", "close": 8.677, "volume": 577, "typical_volume": 4362.1, "trend": 9.9937, "fair_value": 11.474724, "relative_strength": -20.889347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.031167, "energy": 59.039811, "activity_lines": [ 8.779067, 8.781709, 8.994205, 9.353486 ] }, { "date": "2024-09-20", "close": 9.517, "volume": 9156, "typical_volume": 4732.35, "trend": 9.908133, "fair_value": 11.472474, "relative_strength": -13.101769, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.287034, "energy": 24.748139, "activity_lines": [ 9.0272, 8.907945, 9.019952, 9.322731 ] }, { "date": "2024-09-27", "close": 9.339, "volume": 21279, "typical_volume": 5717.55, "trend": 9.808433, "fair_value": 11.463673, "relative_strength": -16.405159, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.915266, "energy": 21.899966, "activity_lines": [ 9.151533, 8.993436, 9.031229, 9.286013 ] }, { "date": "2024-10-04", "close": 9.398, "volume": 1309, "typical_volume": 5756.6, "trend": 9.711433, "fair_value": 11.451071, "relative_strength": -12.332154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.586041, "energy": 21.612065, "activity_lines": [ 9.2678, 9.086618, 9.051129, 9.259533 ] }, { "date": "2024-10-11", "close": 9.432, "volume": 132, "typical_volume": 5703.3, "trend": 9.624633, "fair_value": 11.440417, "relative_strength": -13.171724, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 6.976453, "energy": 31.769084, "activity_lines": [ 9.365333, 9.173127, 9.075195, 9.241505 ] }, { "date": "2024-10-18", "close": 9.131, "volume": 910, "typical_volume": 5743.55, "trend": 9.534, "fair_value": 11.427372, "relative_strength": -17.352062, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -1.082194, "energy": 20.94904, "activity_lines": [ 9.318133, 9.191691, 9.074157, 9.209658 ] }, { "date": "2024-10-25", "close": 9.355, "volume": 865, "typical_volume": 5765.8, "trend": 9.452033, "fair_value": 11.411891, "relative_strength": -13.557658, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 5.703547, "energy": 20.287394, "activity_lines": [ 9.315333, 9.243873, 9.09979, 9.19811 ] }, { "date": "2024-11-01", "close": 8.921, "volume": 250, "typical_volume": 5642.2, "trend": 9.376867, "fair_value": 11.392103, "relative_strength": -16.754535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.789883, "energy": 16.313883, "activity_lines": [ 9.178667, 9.202509, 9.084657, 9.163849 ] }, { "date": "2024-11-08", "close": 9.137, "volume": 246, "typical_volume": 5545.3, "trend": 9.323167, "fair_value": 11.371494, "relative_strength": -12.090248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.530209, "energy": 19.38002, "activity_lines": [ 9.141867, 9.200455, 9.091519, 9.148374 ] }, { "date": "2024-11-15", "close": 9.023, "volume": 220, "typical_volume": 5531.3, "trend": 9.283133, "fair_value": 11.349923, "relative_strength": -13.666413, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.443153, "energy": 24.206604, "activity_lines": [ 9.084467, 9.174218, 9.089162, 9.129009 ] }, { "date": "2024-11-22", "close": 8.828, "volume": 1085, "typical_volume": 5484.05, "trend": 9.2338, "fair_value": 11.330692, "relative_strength": -13.283128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.305749, "energy": 37.652644, "activity_lines": [ 8.989333, 9.107855, 9.070171, 9.099645 ] }, { "date": "2024-11-29", "close": 8.926, "volume": 587, "typical_volume": 5465.75, "trend": 9.196733, "fair_value": 11.316705, "relative_strength": -11.68946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.882992, "energy": 39.505105, "activity_lines": [ 8.947067, 9.056564, 9.061657, 9.079787 ] }, { "date": "2024-12-06", "close": 8.751, "volume": 152, "typical_volume": 5361.75, "trend": 9.1561, "fair_value": 11.300083, "relative_strength": -16.249368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.161854, "energy": 55.845433, "activity_lines": [ 8.875067, 8.9842, 9.037095, 9.05103 ] }, { "date": "2024-12-13", "close": 8.64, "volume": 1483, "typical_volume": 5340.65, "trend": 9.124333, "fair_value": 11.281891, "relative_strength": -17.122812, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.572149, "energy": 67.832932, "activity_lines": [ 8.7774, 8.902345, 9.003967, 9.017733 ] }, { "date": "2024-12-20", "close": 8.44, "volume": 696, "typical_volume": 2365.55, "trend": 9.066333, "fair_value": 11.261429, "relative_strength": -15.878346, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.981672, "energy": 82.617297, "activity_lines": [ 8.6462, 8.797909, 8.952033, 8.973583 ] }, { "date": "2024-12-27", "close": 8.44, "volume": 0, "typical_volume": 2302.25, "trend": 9.005933, "fair_value": 11.238404, "relative_strength": -16.330599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.379355, "energy": 86.501185, "activity_lines": [ 8.553867, 8.711509, 8.901362, 8.933174 ] }, { "date": "2025-01-03", "close": 8.43, "volume": 182, "typical_volume": 2011.35, "trend": 8.971133, "fair_value": 11.213712, "relative_strength": -15.827284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.592204, "energy": 86.203843, "activity_lines": [ 8.484067, 8.635855, 8.851167, 8.896017 ] }, { "date": "2025-01-10", "close": 8.522, "volume": 88, "typical_volume": 1965.75, "trend": 8.947867, "fair_value": 11.187417, "relative_strength": -16.701211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.865785, "energy": 82.537553, "activity_lines": [ 8.478, 8.593745, 8.810305, 8.867041 ] }, { "date": "2025-01-17", "close": 8.412, "volume": 73, "typical_volume": 1965.4, "trend": 8.912233, "fair_value": 11.157378, "relative_strength": -19.85498, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.540713, "energy": 82.074206, "activity_lines": [ 8.450533, 8.538891, 8.760876, 8.832469 ] }, { "date": "2025-01-24", "close": 8.439, "volume": 564, "typical_volume": 1992.7, "trend": 8.8792, "fair_value": 11.128179, "relative_strength": -18.755462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.159883, "energy": 72.605141, "activity_lines": [ 8.447267, 8.502127, 8.716567, 8.801938 ] }, { "date": "2025-01-31", "close": 8.206, "volume": 1550, "typical_volume": 2041.35, "trend": 8.850467, "fair_value": 11.095013, "relative_strength": -20.831705, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.353781, "energy": 88.874959, "activity_lines": [ 8.3664, 8.433618, 8.651624, 8.758505 ] }, { "date": "2025-02-07", "close": 8.21, "volume": 127, "typical_volume": 1589.9, "trend": 8.822267, "fair_value": 11.061628, "relative_strength": -21.203324, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.670375, "energy": 88.928045, "activity_lines": [ 8.302467, 8.377145, 8.589305, 8.717185 ] }, { "date": "2025-02-14", "close": 8.396, "volume": 6538, "typical_volume": 852.85, "trend": 8.7964, "fair_value": 11.032667, "relative_strength": -20.482753, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.057437, "energy": 72.644436, "activity_lines": [ 8.3152, 8.367509, 8.550924, 8.689684 ] }, { "date": "2025-02-21", "close": 8.269, "volume": 2692, "typical_volume": 922.0, "trend": 8.782333, "fair_value": 11.002417, "relative_strength": -21.753358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.342547, "energy": 74.027585, "activity_lines": [ 8.294, 8.341236, 8.504938, 8.655658 ] }, { "date": "2025-02-28", "close": 8.062, "volume": 3444, "typical_volume": 1087.6, "trend": 8.7609, "fair_value": 10.971904, "relative_strength": -23.284526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.363122, "energy": 70.84886, "activity_lines": [ 8.213333, 8.284073, 8.444614, 8.609185 ] }, { "date": "2025-03-07", "close": 8.07, "volume": 995, "typical_volume": 1091.85, "trend": 8.738567, "fair_value": 10.940122, "relative_strength": -22.208157, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.053571, "energy": 66.231636, "activity_lines": [ 8.160467, 8.235236, 8.391576, 8.564611 ] }, { "date": "2025-03-14", "close": 8.127, "volume": 25, "typical_volume": 1049.85, "trend": 8.724467, "fair_value": 10.909359, "relative_strength": -20.967996, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.106729, "energy": 62.91708, "activity_lines": [ 8.135667, 8.203491, 8.349019, 8.525155 ] }, { "date": "2025-03-21", "close": 8.2, "volume": 720, "typical_volume": 1073.35, "trend": 8.700367, "fair_value": 10.871282, "relative_strength": -20.258331, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.18698, "energy": 60.054143, "activity_lines": [ 8.140733, 8.190527, 8.319262, 8.491318 ] }, { "date": "2025-03-28", "close": 8.207, "volume": 204, "typical_volume": 1071.25, "trend": 8.6757, "fair_value": 10.82975, "relative_strength": -18.819112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.953055, "energy": 50.248629, "activity_lines": [ 8.1612, 8.184691, 8.293605, 8.459488 ] }, { "date": "2025-04-04", "close": 7.672, "volume": 327, "typical_volume": 1076.6, "trend": 8.639233, "fair_value": 10.784788, "relative_strength": -14.477697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.608877, "energy": 63.514627, "activity_lines": [ 8.007467, 8.085309, 8.221424, 8.394733 ] }, { "date": "2025-04-11", "close": 8.211, "volume": 451, "typical_volume": 1044.9, "trend": 8.6237, "fair_value": 10.741859, "relative_strength": -6.262581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.12316, "energy": 43.43286, "activity_lines": [ 8.0594, 8.097873, 8.20701, 8.367105 ] }, { "date": "2025-04-18", "close": 8.211, "volume": 0, "typical_volume": 1015.55, "trend": 8.580167, "fair_value": 10.698032, "relative_strength": -10.860692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.770747, "energy": 38.658171, "activity_lines": [ 8.101933, 8.110345, 8.195533, 8.34048 ] }, { "date": "2025-04-25", "close": 8.375, "volume": 3330, "typical_volume": 1174.45, "trend": 8.548033, "fair_value": 10.64782, "relative_strength": -11.902842, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.599055, "energy": 23.252541, "activity_lines": [ 8.193533, 8.152618, 8.203081, 8.327243 ] }, { "date": "2025-05-02", "close": 8.297, "volume": 1334, "typical_volume": 1167.0, "trend": 8.511333, "fair_value": 10.596673, "relative_strength": -14.424609, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.787991, "energy": 20.103308, "activity_lines": [ 8.247467, 8.181091, 8.20499, 8.311047 ] }, { "date": "2025-05-09", "close": 8.3, "volume": 118, "typical_volume": 1138.1, "trend": 8.4736, "fair_value": 10.545545, "relative_strength": -16.169596, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.557879, "energy": 15.528428, "activity_lines": [ 8.2964, 8.2096, 8.208819, 8.297413 ] }, { "date": "2025-05-16", "close": 7.913, "volume": 1365, "typical_volume": 1206.35, "trend": 8.433, "fair_value": 10.494077, "relative_strength": -22.151748, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.815924, "energy": 20.741353, "activity_lines": [ 8.174467, 8.163418, 8.176457, 8.261245 ] }, { "date": "2025-05-23", "close": 8.094, "volume": 173, "typical_volume": 1205.9, "trend": 8.390967, "fair_value": 10.443654, "relative_strength": -17.41637, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.277378, "energy": 25.303273, "activity_lines": [ 8.132733, 8.153, 8.163843, 8.239374 ] }, { "date": "2025-05-30", "close": 7.921, "volume": 1700, "typical_volume": 1286.5, "trend": 8.357633, "fair_value": 10.392122, "relative_strength": -19.796402, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.22069, "energy": 45.912913, "activity_lines": [ 8.041133, 8.111727, 8.136352, 8.209054 ] }, { "date": "2025-06-06", "close": 8.004, "volume": 997, "typical_volume": 1332.7, "trend": 8.319867, "fair_value": 10.341737, "relative_strength": -19.505131, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.479015, "energy": 56.80254, "activity_lines": [ 8.007467, 8.090618, 8.119629, 8.186239 ] }, { "date": "2025-06-13", "close": 8.009, "volume": 202, "typical_volume": 1314.6, "trend": 8.286067, "fair_value": 10.291385, "relative_strength": -16.560855, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.44484, "energy": 51.737629, "activity_lines": [ 7.995, 8.074109, 8.105324, 8.166183 ] }, { "date": "2025-06-20", "close": 7.84, "volume": 1486, "typical_volume": 1311.4, "trend": 8.253133, "fair_value": 10.239949, "relative_strength": -17.334597, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.279864, "energy": 61.420721, "activity_lines": [ 7.9456, 8.020745, 8.076971, 8.137404 ] }, { "date": "2025-06-27", "close": 8.035, "volume": 430, "typical_volume": 1326.55, "trend": 8.223433, "fair_value": 10.213776, "relative_strength": -15.817042, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.148935, "energy": 37.820237, "activity_lines": [ 7.966067, 8.009582, 8.068933, 8.123331 ] }, { "date": "2025-07-04", "close": 8.043, "volume": 335, "typical_volume": 1016.4, "trend": 8.199833, "fair_value": 10.191038, "relative_strength": -15.043957, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.050033, "energy": 32.901988, "activity_lines": [ 7.993133, 8.003073, 8.06249, 8.11169 ] }, { "date": "2025-07-11", "close": 7.934, "volume": 10, "typical_volume": 882.3, "trend": 8.1763, "fair_value": 10.168833, "relative_strength": -16.720415, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.206857, "energy": 41.478807, "activity_lines": [ 7.975733, 7.982782, 8.047348, 8.09454 ] }, { "date": "2025-07-18", "close": 8.075, "volume": 1924, "typical_volume": 806.3, "trend": 8.164133, "fair_value": 10.146429, "relative_strength": -15.268, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.305753, "energy": 20.066896, "activity_lines": [ 8.01, 7.994727, 8.047229, 8.088004 ] }, { "date": "2025-07-25", "close": 8.01, "volume": 5, "typical_volume": 756.8, "trend": 8.1498, "fair_value": 10.119571, "relative_strength": -16.393962, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.24469, "energy": 18.975744, "activity_lines": [ 8.0182, 7.998945, 8.040857, 8.07806 ] }, { "date": "2025-08-01", "close": 7.814, "volume": 128, "typical_volume": 761.95, "trend": 8.129267, "fair_value": 10.091058, "relative_strength": -16.319393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.567161, "energy": 46.559504, "activity_lines": [ 7.949733, 7.965764, 8.016105, 8.056396 ] }, { "date": "2025-08-08", "close": 7.854, "volume": 119, "typical_volume": 731.9, "trend": 8.107, "fair_value": 10.057596, "relative_strength": -18.710664, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.004192, "energy": 46.949976, "activity_lines": [ 7.909333, 7.944945, 7.996652, 8.038637 ] }, { "date": "2025-08-15", "close": 7.854, "volume": 0, "typical_volume": 721.7, "trend": 8.0884, "fair_value": 10.01675, "relative_strength": -20.180054, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.283271, "energy": 70.811049, "activity_lines": [ 7.881533, 7.925345, 7.978848, 8.022314 ] }, { "date": "2025-08-22", "close": 7.854, "volume": 0, "typical_volume": 705.35, "trend": 8.0689, "fair_value": 9.975904, "relative_strength": -20.835847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.58523, "energy": 75.649239, "activity_lines": [ 7.859067, 7.908473, 7.962724, 8.007191 ] }, { "date": "2025-08-29", "close": 7.914, "volume": 1215, "typical_volume": 743.55, "trend": 8.059167, "fair_value": 9.938699, "relative_strength": -17.622098, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.448038, "energy": 68.355188, "activity_lines": [ 7.871333, 7.905327, 7.951448, 7.997198 ] }, { "date": "2025-09-05", "close": 7.796, "volume": 1029, "typical_volume": 795.0, "trend": 8.045367, "fair_value": 9.900737, "relative_strength": -17.172245, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.625239, "energy": 55.182528, "activity_lines": [ 7.850667, 7.879382, 7.930348, 7.980219 ] }, { "date": "2025-09-12", "close": 7.874, "volume": 120, "typical_volume": 634.5, "trend": 8.027967, "fair_value": 9.863276, "relative_strength": -17.712123, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.460027, "energy": 39.255737, "activity_lines": [ 7.8572, 7.871964, 7.918652, 7.969163 ] }, { "date": "2025-09-19", "close": 7.874, "volume": 0, "typical_volume": 567.8, "trend": 8.0148, "fair_value": 9.825814, "relative_strength": -16.534181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.073322, "energy": 36.262977, "activity_lines": [ 7.8624, 7.867618, 7.909343, 7.95923 ] }, { "date": "2025-09-26", "close": 7.844, "volume": 4693, "typical_volume": 796.55, "trend": 8.007533, "fair_value": 9.78816, "relative_strength": -16.894151, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.18132, "energy": 39.920961, "activity_lines": [ 7.856267, 7.858909, 7.89919, 7.948211 ] }, { "date": "2025-10-03", "close": 7.706, "volume": 550, "typical_volume": 755.8, "trend": 7.9954, "fair_value": 9.770353, "relative_strength": -18.794339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.879829, "energy": 48.84687, "activity_lines": [ 7.8048, 7.829309, 7.878067, 7.928757 ] }, { "date": "2025-10-10", "close": 7.618, "volume": 11, "typical_volume": 747.7, "trend": 7.978433, "fair_value": 9.750968, "relative_strength": -16.727184, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.450792, "energy": 75.431271, "activity_lines": [ 7.737867, 7.789236, 7.849548, 7.904409 ] }, { "date": "2025-10-17", "close": 7.452, "volume": 1500, "typical_volume": 737.7, "trend": 7.9535, "fair_value": 9.731109, "relative_strength": -17.385145, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.616536, "energy": 92.427665, "activity_lines": [ 7.627467, 7.722545, 7.807486, 7.870445 ] }, { "date": "2025-10-24", "close": 7.56021, "volume": 50, "typical_volume": 690.35, "trend": 7.93194, "fair_value": 9.718604, "relative_strength": -16.950297, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.479536, "energy": 87.42286, "activity_lines": [ 7.58127, 7.682838, 7.777963, 7.845072 ] }, { "date": "2025-10-31", "close": 7.72, "volume": 3857, "typical_volume": 873.1, "trend": 7.93354, "fair_value": 9.701142, "relative_strength": -15.954506, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.489266, "energy": 80.944388, "activity_lines": [ 7.609256, 7.677525, 7.765771, 7.831398 ] }, { "date": "2025-11-07", "close": 7.72, "volume": 0, "typical_volume": 798.8, "trend": 7.917174, "fair_value": 9.679617, "relative_strength": -14.755343, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.074043, "energy": 56.897244, "activity_lines": [ 7.645509, 7.674649, 7.754956, 7.817621 ] }, { "date": "2025-11-14", "close": 7.475, "volume": 653, "typical_volume": 809.95, "trend": 7.89264, "fair_value": 9.655623, "relative_strength": -18.785574, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.291933, "energy": 54.357718, "activity_lines": [ 7.599161, 7.630754, 7.721379, 7.789094 ] }, { "date": "2025-11-21", "close": 7.39, "volume": 400, "typical_volume": 813.2, "trend": 7.859807, "fair_value": 9.635392, "relative_strength": -16.506998, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.528665, "energy": 57.6562, "activity_lines": [ 7.534014, 7.577241, 7.682373, 7.756666 ] }, { "date": "2025-11-28", "close": 7.431, "volume": 519, "typical_volume": 838.65, "trend": 7.83094, "fair_value": 9.614258, "relative_strength": -16.649933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.91648, "energy": 60.159672, "activity_lines": [ 7.486667, 7.539983, 7.650382, 7.729001 ] }, { "date": "2025-12-05", "close": 7.431, "volume": 0, "typical_volume": 742.45, "trend": 7.801974, "fair_value": 9.593367, "relative_strength": -16.162757, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.195817, "energy": 87.369676, "activity_lines": [ 7.447933, 7.510779, 7.620785, 7.703198 ] }, { "date": "2025-12-12", "close": 7.431, "volume": 0, "typical_volume": 742.2, "trend": 7.785907, "fair_value": 9.574296, "relative_strength": -15.70823, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.242425, "energy": 86.151946, "activity_lines": [ 7.428467, 7.489084, 7.594256, 7.679264 ] }, { "date": "2025-12-19", "close": 7.431, "volume": 0, "typical_volume": 735.8, "trend": 7.763807, "fair_value": 9.549251, "relative_strength": -17.392924, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.233391, "energy": 82.636524, "activity_lines": [ 7.428267, 7.472389, 7.570483, 7.656367 ] }, { "date": "2025-12-26", "close": 7.431, "volume": 0, "typical_volume": 729.85, "trend": 7.747474, "fair_value": 9.528527, "relative_strength": -16.47008, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.125894, "energy": 77.086941, "activity_lines": [ 7.431, 7.459095, 7.548535, 7.634896 ] }, { "date": "2026-01-02", "close": 7.337, "volume": 8506, "typical_volume": 1155.15, "trend": 7.72524, "fair_value": 9.5072, "relative_strength": -18.248331, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.516783, "energy": 75.81416, "activity_lines": [ 7.399667, 7.429091, 7.519648, 7.608413 ] }, { "date": "2026-01-09", "close": 7.538, "volume": 1350, "typical_volume": 1222.65, "trend": 7.70954, "fair_value": 9.48629, "relative_strength": -16.005664, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.989346, "energy": 48.450215, "activity_lines": [ 7.4416, 7.439691, 7.512366, 7.596333 ] }, { "date": "2026-01-16", "close": 7.434, "volume": 836, "typical_volume": 1203.7, "trend": 7.696007, "fair_value": 9.464303, "relative_strength": -16.743107, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.738308, "energy": 47.689106, "activity_lines": [ 7.441733, 7.434691, 7.496684, 7.578557 ] }, { "date": "2026-01-23", "close": 7.423, "volume": 501, "typical_volume": 1177.3, "trend": 7.675607, "fair_value": 9.440655, "relative_strength": -14.501679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.212654, "energy": 49.474784, "activity_lines": [ 7.438, 7.432891, 7.48224, 7.560943 ] }, { "date": "2026-01-30", "close": 7.366, "volume": 304, "typical_volume": 1186.5, "trend": 7.65304, "fair_value": 9.416348, "relative_strength": -15.925723, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.756429, "energy": 51.321848, "activity_lines": [ 7.4158, 7.421673, 7.464144, 7.540969 ] }, { "date": "2026-02-06", "close": 7.097, "volume": 1404, "typical_volume": 1256.7, "trend": 7.62514, "fair_value": 9.390315, "relative_strength": -19.07333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.381564, "energy": 82.779205, "activity_lines": [ 7.308267, 7.361982, 7.422848, 7.505095 ] }, { "date": "2026-02-13", "close": 7.118, "volume": 2002, "typical_volume": 1122.15, "trend": 7.59324, "fair_value": 9.369123, "relative_strength": -17.502584, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.6753, "energy": 96.167893, "activity_lines": [ 7.223733, 7.312182, 7.387252, 7.472376 ] }, { "date": "2026-02-20", "close": 7.294, "volume": 516, "typical_volume": 1120.45, "trend": 7.569374, "fair_value": 9.349059, "relative_strength": -16.867707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.797831, "energy": 86.215771, "activity_lines": [ 7.225867, 7.300073, 7.371874, 7.45307 ] }, { "date": "2026-02-27", "close": 7.354, "volume": 1068, "typical_volume": 1173.3, "trend": 7.55404, "fair_value": 9.32938, "relative_strength": -17.046265, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.558189, "energy": 75.853919, "activity_lines": [ 7.257333, 7.301364, 7.364173, 7.439175 ] }, { "date": "2026-03-06", "close": 7.095, "volume": 785, "typical_volume": 1137.55, "trend": 7.52874, "fair_value": 9.307181, "relative_strength": -13.998347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.082013, "energy": 65.41483, "activity_lines": [ 7.207067, 7.256964, 7.333063, 7.40956 ] }, { "date": "2026-03-13", "close": 7.282, "volume": 2654, "typical_volume": 1267.75, "trend": 7.509674, "fair_value": 9.289886, "relative_strength": -11.642613, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.759966, "energy": 41.823397, "activity_lines": [ 7.2372, 7.252673, 7.321462, 7.393641 ] }, { "date": "2026-03-20", "close": 7.503, "volume": 9125, "typical_volume": 1531.15, "trend": 7.497974, "fair_value": 9.275424, "relative_strength": -5.483141, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.831816, "energy": 12.865374, "activity_lines": [ 7.328667, 7.289564, 7.332233, 7.393211 ] }, { "date": "2026-03-27", "close": 7.795, "volume": 4853, "typical_volume": 1773.8, "trend": 7.494007, "fair_value": 9.257123, "relative_strength": -2.697855, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 20.029387, "energy": 24.892283, "activity_lines": [ 7.4918, 7.380182, 7.371848, 7.412374 ] }, { "date": "2026-04-03", "close": 7.917, "volume": 679, "typical_volume": 1775.1, "trend": 7.49804, "fair_value": 9.241245, "relative_strength": -5.568887, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.699, "energy": 50.870816, "activity_lines": [ 7.6622, 7.486418, 7.422724, 7.439663 ] }, { "date": "2026-04-10", "close": 8.13, "volume": 2243, "typical_volume": 1867.25, "trend": 7.506574, "fair_value": 9.225245, "relative_strength": -6.378288, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 61.754716, "energy": 81.676332, "activity_lines": [ 7.866067, 7.6224, 7.491781, 7.480435 ] }, { "date": "2026-04-17", "close": 8.494, "volume": 11552, "typical_volume": 2418.9, "trend": 7.52724, "fair_value": 9.213719, "relative_strength": -4.158877, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 94.883933, "energy": 97.834942, "activity_lines": [ 8.122267, 7.810673, 7.591981, 7.54414 ] }, { "date": "2026-04-24", "close": 8.59, "volume": 2301, "typical_volume": 2533.95, "trend": 7.552107, "fair_value": 9.203322, "relative_strength": -0.142806, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.254529, "energy": 96.640976, "activity_lines": [ 8.329667, 7.991, 7.696262, 7.612705 ] }, { "date": "2026-05-01", "close": 8.91, "volume": 2481, "typical_volume": 2658.0, "trend": 7.59224, "fair_value": 9.191912, "relative_strength": 2.658231, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.745327, "energy": 97.606021, "activity_lines": [ 8.571267, 8.202745, 7.8255, 7.700311 ] }, { "date": "2026-05-08", "close": 9.135, "volume": 3039, "typical_volume": 2809.95, "trend": 7.642807, "fair_value": 9.184892, "relative_strength": 3.302793, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.397434, "energy": 97.587391, "activity_lines": [ 8.813533, 8.426018, 7.969124, 7.799844 ] }, { "date": "2026-05-15", "close": 8.633, "volume": 12274, "typical_volume": 3423.65, "trend": 7.682174, "fair_value": 9.168655, "relative_strength": -1.82968, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.1899, "energy": 77.177036, "activity_lines": [ 8.807267, 8.525636, 8.056824, 7.863727 ] }, { "date": "2026-05-22", "close": 8.429, "volume": 12330, "typical_volume": 3614.85, "trend": 7.711133, "fair_value": 9.15111, "relative_strength": -4.557461, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.785213, "energy": 65.352784, "activity_lines": [ 8.699467, 8.5602, 8.119371, 7.91191 ] }, { "date": "2026-05-29", "close": 8.262, "volume": 13186, "typical_volume": 4206.65, "trend": 7.7292, "fair_value": 9.136059, "relative_strength": -7.106596, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.70123, "energy": 48.239982, "activity_lines": [ 8.540333, 8.543545, 8.160814, 7.947449 ] }, { "date": "2026-06-05", "close": 8.063, "volume": 0, "typical_volume": 4164.85, "trend": 7.740633, "fair_value": 9.117155, "relative_strength": -8.731586, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.840892, "energy": 27.68431, "activity_lines": [ 8.336733, 8.476909, 8.179857, 7.968985 ] }, { "date": "2026-06-12", "close": 7.793, "volume": 0, "typical_volume": 4139.8, "trend": 7.751233, "fair_value": 9.098315, "relative_strength": -14.052404, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.826826, "energy": 27.472282, "activity_lines": [ 8.0996, 8.356309, 8.17019, 7.972363 ] }, { "date": "2026-06-19", "close": 8.147, "volume": 0, "typical_volume": 4124.6, "trend": 7.776467, "fair_value": 9.083053, "relative_strength": -12.00775, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.536492, "energy": 29.204123, "activity_lines": [ 8.069933, 8.302327, 8.192476, 7.997897 ] }, { "date": "2026-06-26", "close": 7.876, "volume": 685, "typical_volume": 4088.65, "trend": 7.7913, "fair_value": 9.067835, "relative_strength": -11.836524, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.263922, "energy": 23.387902, "activity_lines": [ 7.982333, 8.198764, 8.185233, 8.004318 ] }, { "date": "2026-07-03", "close": 7.921, "volume": 30, "typical_volume": 3990.05, "trend": 7.807633, "fair_value": 9.049777, "relative_strength": -13.434911, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.903739, "energy": 19.650914, "activity_lines": [ 7.9466, 8.114618, 8.178567, 8.012686 ] }, { "date": "2026-07-10", "close": 8.309, "volume": 4347, "typical_volume": 4181.6, "trend": 7.8369, "fair_value": 9.034078, "relative_strength": -8.433839, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.552604, "energy": 13.81608, "activity_lines": [ 8.062933, 8.113182, 8.205029, 8.045032 ] }, { "date": "2026-07-17", "close": 8.105, "volume": 4977, "typical_volume": 4377.05, "trend": 7.859367, "fair_value": 9.014995, "relative_strength": -8.974237, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.069065, "energy": 13.122898, "activity_lines": [ 8.094867, 8.085582, 8.207229, 8.062329 ] }, { "date": "2026-07-24", "close": 8.277, "volume": 3766, "typical_volume": 4526.1, "trend": 7.887567, "fair_value": 8.99695, "relative_strength": -6.512442, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.609748, "energy": 18.460515, "activity_lines": [ 8.163333, 8.107982, 8.222233, 8.089273 ] }, { "date": "2026-07-31", "close": 8.343, "volume": 17, "typical_volume": 4394.25, "trend": 7.9211, "fair_value": 8.979239, "relative_strength": -6.059523, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.718293, "energy": 27.46747, "activity_lines": [ 8.245133, 8.148855, 8.237895, 8.118656 ] }, { "date": "2026-08-07", "close": 8.641, "volume": 1773, "typical_volume": 4026.65, "trend": 7.957867, "fair_value": 8.962912, "relative_strength": -5.202681, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 56.572415, "energy": 45.790944, "activity_lines": [ 8.395133, 8.245473, 8.276886, 8.165101 ] } ], "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." } } }