{ "ticker": { "uuid": "db7b5d22-9201-4754-8e69-2ee4856d461e", "symbol": "PFIA", "name": "PICTON Long Short Income Alternative Fund ETF", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 90.995, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -15.526, "architecture_energy": 10.395, "architecture_maturity": 18.371, "architecture_confidence": 70.138, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 53.14, "rotation_up": 28.01, "upward_expansion": 33.54, "deceleration": 32.67, "rotation_down": 28.96, "downward_expansion": 41.88 }, "activity_lines": [ 9.967441, 9.966758, 9.958476, 9.96173 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 9.95, "trend_reference": 9.974235, "distance_from_trend": -0.00243, "trend_direction": "Improving", "fair_value": 9.41515, "distance_from_fair_value": 0.056807, "fair_value_direction": "Weakening", "relative_strength": -11.307624, "relative_strength_direction": "Weakening", "price_momentum": -0.007214, "excess_performance": -0.127635, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.00243, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.000447, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.056807, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.011524, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.113076, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.001527, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.007214, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.147621, "read": "Demand-led" } ], "volume": { "latest": 78200, "relative_activity": 0.591976, "balance": 2.147621, "dry_up": 1.221423, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.004707, "annualized_volatility": 0.018995, "from_high_reference": -0.012052, "from_low_reference": 0.034143 }, "levels": { "trend_reference": 9.974235, "fair_value_reference": 9.41515, "structural_low": 9.62149, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 11, "median_return": -0.002401, "positive_rate": 0.363636, "directional_follow_through": 0.363636, "median_excess_return": -0.025429, "regime_survival": 0.636364, "best_return": 0.009744, "worst_return": -0.019547, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.006653, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.045658, "regime_survival": 0.25, "best_return": 0.025105, "worst_return": -0.014585, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.013127, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.025644, "regime_survival": 0.0, "best_return": 0.006034, "worst_return": -0.032288, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.012574, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.006515, "regime_survival": 0.0, "best_return": 0.064006, "worst_return": -0.038858, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-02-18", "end": "2022-02-25", "tenure": "New", "return": -0.004864, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2022-03-04", "end": "2022-08-19", "tenure": "Established", "return": -0.011805, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-08-26", "end": "2022-10-07", "tenure": "Developing", "return": -0.023006, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2022-10-14", "end": "2022-12-02", "tenure": "Developing", "return": 0.019225, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-12-09", "end": "2022-12-23", "tenure": "New", "return": 0.002272, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2022-12-30", "end": "2023-01-13", "tenure": "New", "return": 0.013584, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-01-20", "end": "2023-05-26", "tenure": "Established", "return": 0.005409, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-06-02", "end": "2023-07-07", "tenure": "Developing", "return": 0.013677, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-07-14", "end": "2023-09-08", "tenure": "Developing", "return": -0.00134, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-09-15", "end": "2023-11-17", "tenure": "Developing", "return": 0.006865, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-11-24", "end": "2026-03-13", "tenure": "Extended", "return": 0.158486, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-05-15", "tenure": "Developing", "return": -0.002116, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-22", "end": "2026-06-05", "tenure": "New", "return": 0.006018, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": -0.004707, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 8.541168, "volume": 151800, "typical_volume": 94925.0, "trend": 8.428969, "fair_value": 8.331557, "relative_strength": 3.217782, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.287328, "energy": 59.278614, "activity_lines": [ 8.544693, 8.523951, 8.484904, 8.460711 ] }, { "date": "2023-08-25", "close": 8.516574, "volume": 51400, "typical_volume": 89355.0, "trend": 8.434494, "fair_value": 8.335725, "relative_strength": 2.766252, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.297347, "energy": 44.80755, "activity_lines": [ 8.537671, 8.526611, 8.489641, 8.466363 ] }, { "date": "2023-09-01", "close": 8.498868, "volume": 55500, "typical_volume": 89670.0, "trend": 8.43771, "fair_value": 8.339489, "relative_strength": -0.938129, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.099682, "energy": 28.34325, "activity_lines": [ 8.523447, 8.524328, 8.492468, 8.470516 ] }, { "date": "2023-09-08", "close": 8.498868, "volume": 46600, "typical_volume": 86260.0, "trend": 8.441212, "fair_value": 8.343349, "relative_strength": 1.355292, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.687302, "energy": 20.687958, "activity_lines": [ 8.511457, 8.521454, 8.494949, 8.474462 ] }, { "date": "2023-09-15", "close": 8.534279, "volume": 32900, "typical_volume": 82990.0, "trend": 8.447416, "fair_value": 8.347097, "relative_strength": -0.882054, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.869022, "energy": 20.680752, "activity_lines": [ 8.515852, 8.52379, 8.50063, 8.480466 ] }, { "date": "2023-09-22", "close": 8.504122, "volume": 112400, "typical_volume": 82825.0, "trend": 8.453764, "fair_value": 8.350769, "relative_strength": 3.036755, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.664848, "energy": 16.510971, "activity_lines": [ 8.511243, 8.520047, 8.503264, 8.484125 ] }, { "date": "2023-09-29", "close": 8.521912, "volume": 146700, "typical_volume": 86770.0, "trend": 8.460992, "fair_value": 8.354652, "relative_strength": 4.536848, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.316535, "energy": 18.816394, "activity_lines": [ 8.515033, 8.519651, 8.507478, 8.488521 ] }, { "date": "2023-10-06", "close": 8.486328, "volume": 82900, "typical_volume": 86620.0, "trend": 8.46416, "fair_value": 8.358258, "relative_strength": 5.665531, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.395414, "energy": 14.906266, "activity_lines": [ 8.506605, 8.512333, 8.507813, 8.490156 ] }, { "date": "2023-10-13", "close": 8.504122, "volume": 117800, "typical_volume": 86790.0, "trend": 8.468495, "fair_value": 8.361783, "relative_strength": 4.709481, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.57044, "energy": 9.710567, "activity_lines": [ 8.504945, 8.509088, 8.509607, 8.492734 ] }, { "date": "2023-10-20", "close": 8.45964, "volume": 122500, "typical_volume": 89595.0, "trend": 8.47192, "fair_value": 8.36464, "relative_strength": 5.972573, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.909961, "energy": 7.760784, "activity_lines": [ 8.488108, 8.49891, 8.50648, 8.492163 ] }, { "date": "2023-10-27", "close": 8.467689, "volume": 117500, "typical_volume": 88155.0, "trend": 8.477633, "fair_value": 8.367742, "relative_strength": 8.031228, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.642877, "energy": 11.91889, "activity_lines": [ 8.478929, 8.491837, 8.503773, 8.49189 ] }, { "date": "2023-11-03", "close": 8.494514, "volume": 112400, "typical_volume": 89970.0, "trend": 8.478467, "fair_value": 8.370773, "relative_strength": 2.359584, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 9.78336, "energy": 11.635661, "activity_lines": [ 8.481121, 8.490978, 8.503194, 8.492979 ] }, { "date": "2023-11-10", "close": 8.58393, "volume": 121300, "typical_volume": 91700.0, "trend": 8.483725, "fair_value": 8.374085, "relative_strength": 4.164977, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.708209, "energy": 19.457698, "activity_lines": [ 8.514945, 8.506777, 8.510785, 8.499783 ] }, { "date": "2023-11-17", "close": 8.592869, "volume": 97300, "typical_volume": 93470.0, "trend": 8.488065, "fair_value": 8.377103, "relative_strength": 1.491471, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 60.223305, "energy": 45.745899, "activity_lines": [ 8.545242, 8.522655, 8.518667, 8.506825 ] }, { "date": "2023-11-24", "close": 8.619753, "volume": 97800, "typical_volume": 94405.0, "trend": 8.492141, "fair_value": 8.380049, "relative_strength": 2.04027, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.882914, "energy": 62.472934, "activity_lines": [ 8.578583, 8.541712, 8.52834, 8.515321 ] }, { "date": "2023-12-01", "close": 8.628751, "volume": 77500, "typical_volume": 94800.0, "trend": 8.497096, "fair_value": 8.382906, "relative_strength": 0.293639, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.711911, "energy": 73.794492, "activity_lines": [ 8.60425, 8.56085, 8.538307, 8.524134 ] }, { "date": "2023-12-08", "close": 8.709728, "volume": 125100, "typical_volume": 93880.0, "trend": 8.506781, "fair_value": 8.386136, "relative_strength": 1.755542, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.965388, "energy": 83.042058, "activity_lines": [ 8.646171, 8.592446, 8.555422, 8.537852 ] }, { "date": "2023-12-15", "close": 8.736722, "volume": 91900, "typical_volume": 92650.0, "trend": 8.516785, "fair_value": 8.389489, "relative_strength": 1.070905, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.680348, "energy": 85.50632, "activity_lines": [ 8.682743, 8.625535, 8.574095, 8.552687 ] }, { "date": "2023-12-22", "close": 8.764674, "volume": 58700, "typical_volume": 93470.0, "trend": 8.530255, "fair_value": 8.393002, "relative_strength": -0.311077, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.785684, "energy": 88.276664, "activity_lines": [ 8.718446, 8.659154, 8.594457, 8.56868 ] }, { "date": "2023-12-29", "close": 8.782785, "volume": 24400, "typical_volume": 92220.0, "trend": 8.543455, "fair_value": 8.396631, "relative_strength": -0.458068, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.473553, "energy": 85.128574, "activity_lines": [ 8.748733, 8.691328, 8.615606, 8.584972 ] }, { "date": "2024-01-05", "close": 8.782785, "volume": 87400, "typical_volume": 89000.0, "trend": 8.556945, "fair_value": 8.399958, "relative_strength": -0.38185, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.598628, "energy": 83.16121, "activity_lines": [ 8.768151, 8.717627, 8.635646, 8.600413 ] }, { "date": "2024-01-12", "close": 8.782785, "volume": 89700, "typical_volume": 90915.0, "trend": 8.56898, "fair_value": 8.403134, "relative_strength": -0.68064, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.770306, "energy": 78.442393, "activity_lines": [ 8.777299, 8.738197, 8.654535, 8.614983 ] }, { "date": "2024-01-19", "close": 8.819002, "volume": 137700, "typical_volume": 95025.0, "trend": 8.580733, "fair_value": 8.406473, "relative_strength": 0.053945, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.765571, "energy": 73.996156, "activity_lines": [ 8.79365, 8.76011, 8.675606, 8.631114 ] }, { "date": "2024-01-26", "close": 8.843613, "volume": 169100, "typical_volume": 101150.0, "trend": 8.594477, "fair_value": 8.409717, "relative_strength": -0.77611, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.634497, "energy": 72.953823, "activity_lines": [ 8.812719, 8.782224, 8.697497, 8.648074 ] }, { "date": "2024-02-02", "close": 8.825435, "volume": 108600, "typical_volume": 104935.0, "trend": 8.605274, "fair_value": 8.413096, "relative_strength": -0.853594, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.768055, "energy": 63.717229, "activity_lines": [ 8.820466, 8.796474, 8.716014, 8.662974 ] }, { "date": "2024-02-09", "close": 8.78908, "volume": 103100, "typical_volume": 104470.0, "trend": 8.614568, "fair_value": 8.416192, "relative_strength": -0.957312, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.147984, "energy": 58.882303, "activity_lines": [ 8.813251, 8.800375, 8.729683, 8.674833 ] }, { "date": "2024-02-16", "close": 8.834524, "volume": 94200, "typical_volume": 101845.0, "trend": 8.625815, "fair_value": 8.419438, "relative_strength": -1.636392, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.061583, "energy": 58.275481, "activity_lines": [ 8.820765, 8.809622, 8.746323, 8.689023 ] }, { "date": "2024-02-23", "close": 8.866394, "volume": 103100, "typical_volume": 102855.0, "trend": 8.63695, "fair_value": 8.422585, "relative_strength": -2.020974, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.865558, "energy": 58.619157, "activity_lines": [ 8.835453, 8.822396, 8.764509, 8.704545 ] }, { "date": "2024-03-01", "close": 8.866394, "volume": 82700, "typical_volume": 101100.0, "trend": 8.64691, "fair_value": 8.425529, "relative_strength": -2.68864, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.150657, "energy": 57.008208, "activity_lines": [ 8.846981, 8.832811, 8.780886, 8.719347 ] }, { "date": "2024-03-08", "close": 8.866394, "volume": 196500, "typical_volume": 104800.0, "trend": 8.657457, "fair_value": 8.428423, "relative_strength": -3.444989, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.85885, "energy": 58.39187, "activity_lines": [ 8.85699, 8.841378, 8.795538, 8.733508 ] }, { "date": "2024-03-15", "close": 8.911957, "volume": 145200, "typical_volume": 106185.0, "trend": 8.669816, "fair_value": 8.431659, "relative_strength": -3.339171, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.803378, "energy": 69.404139, "activity_lines": [ 8.879457, 8.856708, 8.812591, 8.749927 ] }, { "date": "2024-03-22", "close": 8.915609, "volume": 49900, "typical_volume": 103060.0, "trend": 8.683118, "fair_value": 8.434904, "relative_strength": -3.792192, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.542951, "energy": 72.067567, "activity_lines": [ 8.894949, 8.870354, 8.827878, 8.765785 ] }, { "date": "2024-03-29", "close": 8.943016, "volume": 108300, "typical_volume": 102410.0, "trend": 8.697922, "fair_value": 8.438274, "relative_strength": -4.25201, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.164159, "energy": 87.170794, "activity_lines": [ 8.914171, 8.886567, 8.843769, 8.782552 ] }, { "date": "2024-04-05", "close": 8.943016, "volume": 75900, "typical_volume": 101340.0, "trend": 8.712727, "fair_value": 8.441339, "relative_strength": -4.593909, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.654242, "energy": 84.798381, "activity_lines": [ 8.928285, 8.900526, 8.85795, 8.798365 ] }, { "date": "2024-04-12", "close": 8.906476, "volume": 52800, "typical_volume": 99090.0, "trend": 8.725134, "fair_value": 8.444271, "relative_strength": -3.39059, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.719003, "energy": 64.82366, "activity_lines": [ 8.925111, 8.906034, 8.866984, 8.810865 ] }, { "date": "2024-04-19", "close": 8.93845, "volume": 17900, "typical_volume": 96110.0, "trend": 8.739612, "fair_value": 8.447296, "relative_strength": -2.636165, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.728562, "energy": 60.182871, "activity_lines": [ 8.929923, 8.915882, 8.877697, 8.824627 ] }, { "date": "2024-04-26", "close": 8.9357, "volume": 85700, "typical_volume": 94140.0, "trend": 8.753404, "fair_value": 8.450355, "relative_strength": -3.360752, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.355239, "energy": 55.459697, "activity_lines": [ 8.932052, 8.922515, 8.886674, 8.837278 ] }, { "date": "2024-05-03", "close": 8.98152, "volume": 41600, "typical_volume": 91625.0, "trend": 8.769911, "fair_value": 8.453657, "relative_strength": -2.752794, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.522786, "energy": 56.581487, "activity_lines": [ 8.948115, 8.935638, 8.898939, 8.851995 ] }, { "date": "2024-05-10", "close": 8.963192, "volume": 102400, "typical_volume": 93810.0, "trend": 8.785213, "fair_value": 8.456841, "relative_strength": -4.477868, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.310604, "energy": 53.811965, "activity_lines": [ 8.955501, 8.943336, 8.908292, 8.864465 ] }, { "date": "2024-05-17", "close": 9.009017, "volume": 49000, "typical_volume": 95040.0, "trend": 8.803526, "fair_value": 8.46014, "relative_strength": -4.599303, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.771892, "energy": 60.265677, "activity_lines": [ 8.976818, 8.957606, 8.921065, 8.878904 ] }, { "date": "2024-05-24", "close": 8.997124, "volume": 83100, "typical_volume": 94825.0, "trend": 8.821174, "fair_value": 8.463414, "relative_strength": -4.035487, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.338812, "energy": 59.342321, "activity_lines": [ 8.987334, 8.96712, 8.931627, 8.891394 ] }, { "date": "2024-05-31", "close": 8.992523, "volume": 70900, "typical_volume": 93885.0, "trend": 8.837774, "fair_value": 8.466608, "relative_strength": -3.795323, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.657007, "energy": 58.401715, "activity_lines": [ 8.992404, 8.974249, 8.940731, 8.902449 ] }, { "date": "2024-06-07", "close": 9.02469, "volume": 80700, "typical_volume": 91035.0, "trend": 8.852466, "fair_value": 8.469956, "relative_strength": -2.251634, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.125252, "energy": 61.818665, "activity_lines": [ 9.004409, 8.985829, 8.951899, 8.914508 ] }, { "date": "2024-06-14", "close": 9.052261, "volume": 35400, "typical_volume": 84350.0, "trend": 8.867779, "fair_value": 8.473533, "relative_strength": -0.271068, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.251419, "energy": 64.679866, "activity_lines": [ 9.022727, 9.000936, 8.964714, 8.927398 ] }, { "date": "2024-06-21", "close": 9.043015, "volume": 68900, "typical_volume": 82365.0, "trend": 8.881888, "fair_value": 8.47707, "relative_strength": 0.091816, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.786884, "energy": 59.370389, "activity_lines": [ 9.032024, 9.012376, 8.975655, 8.938703 ] }, { "date": "2024-06-28", "close": 9.084496, "volume": 79100, "typical_volume": 81165.0, "trend": 8.897079, "fair_value": 8.480925, "relative_strength": -0.91023, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.068008, "energy": 73.107134, "activity_lines": [ 9.052882, 9.028876, 8.98951, 8.951775 ] }, { "date": "2024-07-05", "close": 9.084496, "volume": 31800, "typical_volume": 78045.0, "trend": 8.909572, "fair_value": 8.48478, "relative_strength": -1.657037, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.407986, "energy": 75.297585, "activity_lines": [ 9.067915, 9.04272, 9.001958, 8.963866 ] }, { "date": "2024-07-12", "close": 9.11676, "volume": 42200, "typical_volume": 75000.0, "trend": 8.922239, "fair_value": 8.488585, "relative_strength": -3.903452, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.763356, "energy": 78.216556, "activity_lines": [ 9.087571, 9.059724, 9.016289, 8.977233 ] }, { "date": "2024-07-19", "close": 9.11676, "volume": 173000, "typical_volume": 79515.0, "trend": 8.933976, "fair_value": 8.492457, "relative_strength": -3.923165, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.586208, "energy": 78.223521, "activity_lines": [ 9.101089, 9.07427, 9.029427, 8.989783 ] }, { "date": "2024-07-26", "close": 9.156514, "volume": 53800, "typical_volume": 72380.0, "trend": 8.946433, "fair_value": 8.496583, "relative_strength": -3.966436, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.951042, "energy": 78.819655, "activity_lines": [ 9.123559, 9.093252, 9.04516, 9.00414 ] }, { "date": "2024-08-02", "close": 9.20276, "volume": 48800, "typical_volume": 67560.0, "trend": 8.960432, "fair_value": 8.500954, "relative_strength": -0.888922, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.403653, "energy": 92.3789, "activity_lines": [ 9.153877, 9.117961, 9.063915, 9.020678 ] }, { "date": "2024-08-09", "close": 9.20276, "volume": 44600, "typical_volume": 67295.0, "trend": 8.974432, "fair_value": 8.505274, "relative_strength": -1.23123, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.958007, "energy": 90.030053, "activity_lines": [ 9.176311, 9.13893, 9.081286, 9.036312 ] }, { "date": "2024-08-16", "close": 9.20276, "volume": 26900, "typical_volume": 63225.0, "trend": 8.987224, "fair_value": 8.509645, "relative_strength": -4.275443, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.972538, "energy": 88.560157, "activity_lines": [ 9.190861, 9.156077, 9.097289, 9.051042 ] }, { "date": "2024-08-23", "close": 9.185113, "volume": 44100, "typical_volume": 61635.0, "trend": 8.998607, "fair_value": 8.513836, "relative_strength": -5.256307, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.42499, "energy": 80.575733, "activity_lines": [ 9.193795, 9.166778, 9.110374, 9.06381 ] }, { "date": "2024-08-30", "close": 9.231452, "volume": 45900, "typical_volume": 61290.0, "trend": 9.012141, "fair_value": 8.518479, "relative_strength": -4.943332, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.363142, "energy": 69.062448, "activity_lines": [ 9.207618, 9.183489, 9.12672, 9.078832 ] }, { "date": "2024-09-06", "close": 9.259257, "volume": 99300, "typical_volume": 65360.0, "trend": 9.027813, "fair_value": 8.5233, "relative_strength": -2.216769, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.511753, "energy": 70.548575, "activity_lines": [ 9.225714, 9.201829, 9.144167, 9.094775 ] }, { "date": "2024-09-13", "close": 9.259257, "volume": 56900, "typical_volume": 63920.0, "trend": 9.041971, "fair_value": 8.528173, "relative_strength": -5.39135, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.754604, "energy": 68.460186, "activity_lines": [ 9.240044, 9.216991, 9.160086, 9.109707 ] }, { "date": "2024-09-20", "close": 9.26853, "volume": 55700, "typical_volume": 64625.0, "trend": 9.055376, "fair_value": 8.533121, "relative_strength": -6.301297, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.298484, "energy": 70.834217, "activity_lines": [ 9.253698, 9.230662, 9.175347, 9.124323 ] }, { "date": "2024-09-27", "close": 9.302017, "volume": 74700, "typical_volume": 63240.0, "trend": 9.069896, "fair_value": 8.538077, "relative_strength": -6.10537, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.594294, "energy": 77.052899, "activity_lines": [ 9.274129, 9.247662, 9.192431, 9.140236 ] }, { "date": "2024-10-04", "close": 9.311317, "volume": 57300, "typical_volume": 63655.0, "trend": 9.084727, "fair_value": 8.543195, "relative_strength": -6.571311, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.218155, "energy": 71.462212, "activity_lines": [ 9.289868, 9.262985, 9.208787, 9.155811 ] }, { "date": "2024-10-11", "close": 9.283409, "volume": 75000, "typical_volume": 63250.0, "trend": 9.097109, "fair_value": 8.548291, "relative_strength": -7.777662, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.623225, "energy": 64.876895, "activity_lines": [ 9.290979, 9.270419, 9.221046, 9.168629 ] }, { "date": "2024-10-18", "close": 9.311317, "volume": 109700, "typical_volume": 65190.0, "trend": 9.110299, "fair_value": 8.553493, "relative_strength": -8.521126, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.651788, "energy": 66.050496, "activity_lines": [ 9.299782, 9.281461, 9.234599, 9.182449 ] }, { "date": "2024-10-25", "close": 9.336422, "volume": 60300, "typical_volume": 64170.0, "trend": 9.123413, "fair_value": 8.558855, "relative_strength": -6.621447, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.675135, "energy": 67.621849, "activity_lines": [ 9.313484, 9.295093, 9.249025, 9.197038 ] }, { "date": "2024-11-01", "close": 9.336422, "volume": 77500, "typical_volume": 66275.0, "trend": 9.136526, "fair_value": 8.564322, "relative_strength": -5.625357, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.551005, "energy": 65.567828, "activity_lines": [ 9.322659, 9.306296, 9.261967, 9.21078 ] }, { "date": "2024-11-08", "close": 9.336422, "volume": 131000, "typical_volume": 69380.0, "trend": 9.150858, "fair_value": 8.569529, "relative_strength": -7.286429, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.601232, "energy": 61.51643, "activity_lines": [ 9.32954, 9.314747, 9.273556, 9.223677 ] }, { "date": "2024-11-15", "close": 9.359762, "volume": 97800, "typical_volume": 70315.0, "trend": 9.164902, "fair_value": 8.575093, "relative_strength": -7.326442, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.420481, "energy": 61.496941, "activity_lines": [ 9.342528, 9.325533, 9.28597, 9.237155 ] }, { "date": "2024-11-22", "close": 9.31673, "volume": 89800, "typical_volume": 73215.0, "trend": 9.177603, "fair_value": 8.58023, "relative_strength": -9.490983, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.978527, "energy": 52.39506, "activity_lines": [ 9.336082, 9.326668, 9.292975, 9.24695 ] }, { "date": "2024-11-29", "close": 9.363549, "volume": 86700, "typical_volume": 75440.0, "trend": 9.190337, "fair_value": 8.585772, "relative_strength": -9.514264, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.10628, "energy": 53.507935, "activity_lines": [ 9.344881, 9.335271, 9.303333, 9.258947 ] }, { "date": "2024-12-06", "close": 9.401005, "volume": 52300, "typical_volume": 69405.0, "trend": 9.204931, "fair_value": 8.591502, "relative_strength": -9.03633, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.098262, "energy": 59.27689, "activity_lines": [ 9.364357, 9.348956, 9.316084, 9.272538 ] }, { "date": "2024-12-13", "close": 9.391638, "volume": 122200, "typical_volume": 72825.0, "trend": 9.217685, "fair_value": 8.597224, "relative_strength": -7.386828, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.87546, "energy": 56.043239, "activity_lines": [ 9.376405, 9.359138, 9.326588, 9.284584 ] }, { "date": "2024-12-20", "close": 9.391638, "volume": 116000, "typical_volume": 76185.0, "trend": 9.230835, "fair_value": 8.602878, "relative_strength": -4.672879, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.662488, "energy": 55.407646, "activity_lines": [ 9.384772, 9.36786, 9.335973, 9.295806 ] }, { "date": "2024-12-27", "close": 9.390697, "volume": 31600, "typical_volume": 75535.0, "trend": 9.244108, "fair_value": 8.608735, "relative_strength": -5.255769, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.568192, "energy": 56.74137, "activity_lines": [ 9.390701, 9.374443, 9.344369, 9.30612 ] }, { "date": "2025-01-03", "close": 9.4377, "volume": 30600, "typical_volume": 75720.0, "trend": 9.257875, "fair_value": 8.61458, "relative_strength": -5.638312, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.984612, "energy": 58.534212, "activity_lines": [ 9.407366, 9.388129, 9.356347, 9.31861 ] }, { "date": "2025-01-10", "close": 9.4471, "volume": 202100, "typical_volume": 83620.0, "trend": 9.271036, "fair_value": 8.620537, "relative_strength": -4.207256, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.570055, "energy": 59.607332, "activity_lines": [ 9.42222, 9.401682, 9.368101, 9.330818 ] }, { "date": "2025-01-17", "close": 9.433002, "volume": 176900, "typical_volume": 90170.0, "trend": 9.284035, "fair_value": 8.626136, "relative_strength": -5.287385, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.724386, "energy": 58.621634, "activity_lines": [ 9.429303, 9.41066, 9.377265, 9.341267 ] }, { "date": "2025-01-24", "close": 9.448987, "volume": 59000, "typical_volume": 88155.0, "trend": 9.296185, "fair_value": 8.631838, "relative_strength": -6.403432, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.713092, "energy": 58.465894, "activity_lines": [ 9.438956, 9.420788, 9.386991, 9.35191 ] }, { "date": "2025-01-31", "close": 9.477277, "volume": 104700, "typical_volume": 90545.0, "trend": 9.309278, "fair_value": 8.637932, "relative_strength": -6.14495, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.992179, "energy": 61.186558, "activity_lines": [ 9.454216, 9.434438, 9.398508, 9.363593 ] }, { "date": "2025-02-07", "close": 9.491419, "volume": 106600, "typical_volume": 93090.0, "trend": 9.321766, "fair_value": 8.644326, "relative_strength": -5.46348, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.756474, "energy": 69.040539, "activity_lines": [ 9.468418, 9.44774, 9.410334, 9.375344 ] }, { "date": "2025-02-14", "close": 9.519711, "volume": 119400, "typical_volume": 95325.0, "trend": 9.335198, "fair_value": 8.651145, "relative_strength": -5.137164, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.108434, "energy": 80.03688, "activity_lines": [ 9.488469, 9.46386, 9.423793, 9.388115 ] }, { "date": "2025-02-21", "close": 9.484735, "volume": 63200, "typical_volume": 95620.0, "trend": 9.346139, "fair_value": 8.658002, "relative_strength": -4.049244, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.843877, "energy": 72.91068, "activity_lines": [ 9.492021, 9.471464, 9.432885, 9.397762 ] }, { "date": "2025-02-28", "close": 9.550932, "volume": 179200, "typical_volume": 100830.0, "trend": 9.357745, "fair_value": 8.665495, "relative_strength": -4.1521, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.538719, "energy": 84.081486, "activity_lines": [ 9.51419, 9.48941, 9.447455, 9.410975 ] }, { "date": "2025-03-07", "close": 9.532019, "volume": 130100, "typical_volume": 101850.0, "trend": 9.36872, "fair_value": 8.673025, "relative_strength": -1.779499, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.628398, "energy": 74.811867, "activity_lines": [ 9.523258, 9.501022, 9.458949, 9.422218 ] }, { "date": "2025-03-14", "close": 9.541475, "volume": 75800, "typical_volume": 102625.0, "trend": 9.38001, "fair_value": 8.680405, "relative_strength": -0.765702, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.703904, "energy": 66.691123, "activity_lines": [ 9.531829, 9.511783, 9.470294, 9.433364 ] }, { "date": "2025-03-21", "close": 9.567066, "volume": 122900, "typical_volume": 104895.0, "trend": 9.392742, "fair_value": 8.687986, "relative_strength": -2.046067, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.560213, "energy": 72.28309, "activity_lines": [ 9.545592, 9.52531, 9.483099, 9.445432 ] }, { "date": "2025-03-28", "close": 9.557573, "volume": 66700, "typical_volume": 101680.0, "trend": 9.403613, "fair_value": 8.695717, "relative_strength": -1.231463, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.381352, "energy": 59.909099, "activity_lines": [ 9.553035, 9.53493, 9.493902, 9.456066 ] }, { "date": "2025-04-04", "close": 9.59554, "volume": 89900, "typical_volume": 101285.0, "trend": 9.414822, "fair_value": 8.703374, "relative_strength": 5.792149, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.05758, "energy": 66.825091, "activity_lines": [ 9.568277, 9.549189, 9.507268, 9.468448 ] }, { "date": "2025-04-11", "close": 9.491137, "volume": 36700, "typical_volume": 98630.0, "trend": 9.422552, "fair_value": 8.710415, "relative_strength": 2.91371, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.92764, "energy": 46.365579, "activity_lines": [ 9.545745, 9.5418, 9.509567, 9.473372 ] }, { "date": "2025-04-18", "close": 9.567066, "volume": 71700, "typical_volume": 97880.0, "trend": 9.432503, "fair_value": 8.717927, "relative_strength": 1.214661, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.682987, "energy": 43.364219, "activity_lines": [ 9.551247, 9.547965, 9.518268, 9.482695 ] }, { "date": "2025-04-25", "close": 9.547186, "volume": 102100, "typical_volume": 100370.0, "trend": 9.440675, "fair_value": 8.72563, "relative_strength": -1.012481, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.294692, "energy": 33.2419, "activity_lines": [ 9.548417, 9.549139, 9.524106, 9.490094 ] }, { "date": "2025-05-02", "close": 9.556706, "volume": 133500, "typical_volume": 100935.0, "trend": 9.448855, "fair_value": 8.733554, "relative_strength": -2.052008, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.619125, "energy": 28.142495, "activity_lines": [ 9.550086, 9.551545, 9.530155, 9.49758 ] }, { "date": "2025-05-09", "close": 9.566225, "volume": 92000, "typical_volume": 99735.0, "trend": 9.458282, "fair_value": 8.741909, "relative_strength": -3.098446, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.775451, "energy": 37.067466, "activity_lines": [ 9.554985, 9.554373, 9.536324, 9.505152 ] }, { "date": "2025-05-16", "close": 9.58526, "volume": 104500, "typical_volume": 103380.0, "trend": 9.467413, "fair_value": 8.750685, "relative_strength": -5.051913, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.567194, "energy": 39.255131, "activity_lines": [ 9.568184, 9.560384, 9.543475, 9.513345 ] }, { "date": "2025-05-23", "close": 9.613818, "volume": 76200, "typical_volume": 105660.0, "trend": 9.47666, "fair_value": 8.759536, "relative_strength": -4.281195, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.157321, "energy": 50.598153, "activity_lines": [ 9.584627, 9.57062, 9.552419, 9.52279 ] }, { "date": "2025-05-30", "close": 9.642517, "volume": 107000, "typical_volume": 100905.0, "trend": 9.486863, "fair_value": 8.768626, "relative_strength": -4.910892, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.003002, "energy": 67.415147, "activity_lines": [ 9.60752, 9.584758, 9.563257, 9.53349 ] }, { "date": "2025-06-06", "close": 9.690346, "volume": 183100, "typical_volume": 101215.0, "trend": 9.498661, "fair_value": 8.778447, "relative_strength": -5.153162, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.969263, "energy": 80.590615, "activity_lines": [ 9.64, 9.60622, 9.57772, 9.546618 ] }, { "date": "2025-06-13", "close": 9.652081, "volume": 164400, "typical_volume": 106485.0, "trend": 9.508405, "fair_value": 8.788237, "relative_strength": -5.541597, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.22932, "energy": 74.216009, "activity_lines": [ 9.650816, 9.618311, 9.587314, 9.556516 ] }, { "date": "2025-06-20", "close": 9.714344, "volume": 177100, "typical_volume": 110105.0, "trend": 9.521658, "fair_value": 8.798889, "relative_strength": -4.656183, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.668863, "energy": 82.920234, "activity_lines": [ 9.676662, 9.640695, 9.60187, 9.569803 ] }, { "date": "2025-06-27", "close": 9.695144, "volume": 131400, "typical_volume": 111345.0, "trend": 9.532711, "fair_value": 8.809419, "relative_strength": -5.292141, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.107823, "energy": 77.308658, "activity_lines": [ 9.687503, 9.655529, 9.613469, 9.580996 ] }, { "date": "2025-07-04", "close": 9.714344, "volume": 34700, "typical_volume": 107110.0, "trend": 9.543156, "fair_value": 8.819697, "relative_strength": -6.1144, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.835259, "energy": 72.580452, "activity_lines": [ 9.699322, 9.671526, 9.625926, 9.592714 ] }, { "date": "2025-07-11", "close": 9.695144, "volume": 132600, "typical_volume": 110580.0, "trend": 9.553273, "fair_value": 8.83012, "relative_strength": -5.999537, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.374496, "energy": 78.207925, "activity_lines": [ 9.699953, 9.680992, 9.635628, 9.602519 ] }, { "date": "2025-07-18", "close": 9.723943, "volume": 131900, "typical_volume": 108215.0, "trend": 9.56435, "fair_value": 8.839839, "relative_strength": -6.508047, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.007437, "energy": 82.011611, "activity_lines": [ 9.709864, 9.693178, 9.64707, 9.61353 ] }, { "date": "2025-07-25", "close": 9.728659, "volume": 139200, "typical_volume": 108670.0, "trend": 9.575615, "fair_value": 8.849374, "relative_strength": -6.85299, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.744257, "energy": 78.281172, "activity_lines": [ 9.716555, 9.703353, 9.658138, 9.624131 ] }, { "date": "2025-08-01", "close": 9.767189, "volume": 153200, "typical_volume": 112540.0, "trend": 9.586598, "fair_value": 8.858834, "relative_strength": -4.589784, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.43359, "energy": 85.195148, "activity_lines": [ 9.735136, 9.717927, 9.671939, 9.636491 ] }, { "date": "2025-08-08", "close": 9.77682, "volume": 134100, "typical_volume": 113100.0, "trend": 9.597589, "fair_value": 8.868677, "relative_strength": -6.750593, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.760994, "energy": 82.901888, "activity_lines": [ 9.752124, 9.731463, 9.685582, 9.648763 ] }, { "date": "2025-08-15", "close": 9.815351, "volume": 164400, "typical_volume": 117985.0, "trend": 9.610334, "fair_value": 8.878499, "relative_strength": -6.650113, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.092434, "energy": 89.28984, "activity_lines": [ 9.777791, 9.749563, 9.701897, 9.662812 ] }, { "date": "2025-08-22", "close": 9.818293, "volume": 142400, "typical_volume": 120610.0, "trend": 9.622644, "fair_value": 8.888464, "relative_strength": -7.805919, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.02221, "energy": 90.1001, "activity_lines": [ 9.796424, 9.765925, 9.717263, 9.676229 ] }, { "date": "2025-08-29", "close": 9.837598, "volume": 132900, "typical_volume": 125420.0, "trend": 9.634655, "fair_value": 8.899037, "relative_strength": -8.133189, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.806273, "energy": 91.139142, "activity_lines": [ 9.815203, 9.782775, 9.733408, 9.690097 ] }, { "date": "2025-09-05", "close": 9.856908, "volume": 102100, "typical_volume": 126940.0, "trend": 9.646838, "fair_value": 8.909357, "relative_strength": -9.180296, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.022761, "energy": 92.364373, "activity_lines": [ 9.833156, 9.800895, 9.749742, 9.704436 ] }, { "date": "2025-09-12", "close": 9.876216, "volume": 164400, "typical_volume": 130055.0, "trend": 9.658721, "fair_value": 8.920069, "relative_strength": -9.467935, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.429966, "energy": 90.655344, "activity_lines": [ 9.851563, 9.819584, 9.766535, 9.719234 ] }, { "date": "2025-09-19", "close": 9.895523, "volume": 138400, "typical_volume": 130300.0, "trend": 9.672414, "fair_value": 8.930991, "relative_strength": -10.509285, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.628368, "energy": 92.361733, "activity_lines": [ 9.869779, 9.838841, 9.783599, 9.734512 ] }, { "date": "2025-09-26", "close": 9.904237, "volume": 109300, "typical_volume": 131165.0, "trend": 9.684191, "fair_value": 8.942347, "relative_strength": -10.150976, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.981672, "energy": 89.112097, "activity_lines": [ 9.885556, 9.856038, 9.79988, 9.749468 ] }, { "date": "2025-10-03", "close": 9.904237, "volume": 171700, "typical_volume": 134525.0, "trend": 9.696598, "fair_value": 8.954082, "relative_strength": -11.969932, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.869705, "energy": 77.146096, "activity_lines": [ 9.895603, 9.869958, 9.814552, 9.763665 ] }, { "date": "2025-10-10", "close": 9.913918, "volume": 109700, "typical_volume": 136200.0, "trend": 9.709013, "fair_value": 8.966256, "relative_strength": -9.829478, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.218221, "energy": 70.120092, "activity_lines": [ 9.904434, 9.882445, 9.828626, 9.777685 ] }, { "date": "2025-10-17", "close": 9.962326, "volume": 85000, "typical_volume": 135100.0, "trend": 9.722188, "fair_value": 8.978633, "relative_strength": -9.956464, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.737041, "energy": 74.912456, "activity_lines": [ 9.925601, 9.901067, 9.845882, 9.794028 ] }, { "date": "2025-10-24", "close": 9.948811, "volume": 145100, "typical_volume": 133200.0, "trend": 9.73523, "fair_value": 8.990597, "relative_strength": -10.551051, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.89325, "energy": 70.589553, "activity_lines": [ 9.936522, 9.913857, 9.860328, 9.808649 ] }, { "date": "2025-10-31", "close": 9.958518, "volume": 153200, "typical_volume": 132640.0, "trend": 9.747329, "fair_value": 9.002841, "relative_strength": -9.926444, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.68926, "energy": 70.656167, "activity_lines": [ 9.947126, 9.925987, 9.874467, 9.823055 ] }, { "date": "2025-11-07", "close": 9.948811, "volume": 155100, "typical_volume": 131540.0, "trend": 9.762585, "fair_value": 9.01486, "relative_strength": -8.752181, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.924405, "energy": 67.405451, "activity_lines": [ 9.950875, 9.933802, 9.886223, 9.836054 ] }, { "date": "2025-11-14", "close": 9.939104, "volume": 107000, "typical_volume": 130320.0, "trend": 9.774986, "fair_value": 9.026437, "relative_strength": -9.856865, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.772467, "energy": 65.091455, "activity_lines": [ 9.948418, 9.93783, 9.895937, 9.847442 ] }, { "date": "2025-11-21", "close": 9.948897, "volume": 164400, "typical_volume": 136805.0, "trend": 9.788376, "fair_value": 9.038011, "relative_strength": -9.097489, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.656133, "energy": 63.23824, "activity_lines": [ 9.947545, 9.942144, 9.905423, 9.858662 ] }, { "date": "2025-11-28", "close": 9.948897, "volume": 132000, "typical_volume": 136775.0, "trend": 9.801449, "fair_value": 9.049422, "relative_strength": -12.414307, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.326954, "energy": 59.949141, "activity_lines": [ 9.947568, 9.945136, 9.913792, 9.869018 ] }, { "date": "2025-12-05", "close": 9.939163, "volume": 202600, "typical_volume": 140310.0, "trend": 9.813881, "fair_value": 9.060662, "relative_strength": -12.07397, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.228322, "energy": 49.673411, "activity_lines": [ 9.944341, 9.945388, 9.920025, 9.877903 ] }, { "date": "2025-12-12", "close": 9.948897, "volume": 192900, "typical_volume": 142995.0, "trend": 9.826002, "fair_value": 9.071855, "relative_strength": -12.329207, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.604561, "energy": 46.720934, "activity_lines": [ 9.945648, 9.946775, 9.926161, 9.886614 ] }, { "date": "2025-12-19", "close": 9.958632, "volume": 148200, "typical_volume": 142745.0, "trend": 9.837496, "fair_value": 9.0831, "relative_strength": -12.556065, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.767126, "energy": 50.511934, "activity_lines": [ 9.950195, 9.94912, 9.932175, 9.89517 ] }, { "date": "2025-12-26", "close": 9.958633, "volume": 52000, "typical_volume": 138640.0, "trend": 9.848033, "fair_value": 9.094455, "relative_strength": -12.907572, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.753961, "energy": 47.574315, "activity_lines": [ 9.95344, 9.950653, 9.937277, 9.902986 ] }, { "date": "2026-01-02", "close": 9.968414, "volume": 56500, "typical_volume": 133245.0, "trend": 9.857302, "fair_value": 9.105708, "relative_strength": -12.202544, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.674812, "energy": 49.580978, "activity_lines": [ 9.959297, 9.95403, 9.942445, 9.910752 ] }, { "date": "2026-01-09", "close": 9.98798, "volume": 129900, "typical_volume": 132620.0, "trend": 9.868498, "fair_value": 9.116538, "relative_strength": -13.647425, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.618092, "energy": 53.741034, "activity_lines": [ 9.970374, 9.960609, 9.948748, 9.919183 ] }, { "date": "2026-01-16", "close": 10.036892, "volume": 216600, "typical_volume": 136805.0, "trend": 9.87925, "fair_value": 9.127571, "relative_strength": -14.00968, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.808832, "energy": 73.630514, "activity_lines": [ 9.994501, 9.975545, 9.958901, 9.930047 ] }, { "date": "2026-01-23", "close": 10.032118, "volume": 190300, "typical_volume": 141215.0, "trend": 9.890482, "fair_value": 9.138349, "relative_strength": -14.001398, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.418717, "energy": 80.582691, "activity_lines": [ 10.011171, 9.988012, 9.96765, 9.93991 ] }, { "date": "2026-01-30", "close": 10.041933, "volume": 173600, "typical_volume": 141675.0, "trend": 9.901402, "fair_value": 9.148859, "relative_strength": -10.346112, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.394056, "energy": 84.716221, "activity_lines": [ 10.026212, 10.000572, 9.9765, 9.949681 ] }, { "date": "2026-02-06", "close": 10.022303, "volume": 175600, "typical_volume": 143535.0, "trend": 9.912307, "fair_value": 9.159298, "relative_strength": -11.718502, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.107176, "energy": 75.957216, "activity_lines": [ 10.029158, 10.007872, 9.982691, 9.957481 ] }, { "date": "2026-02-13", "close": 10.02721, "volume": 216400, "typical_volume": 148890.0, "trend": 9.922416, "fair_value": 9.170061, "relative_strength": -12.947767, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.492914, "energy": 56.609907, "activity_lines": [ 10.030146, 10.014729, 9.988746, 9.964894 ] }, { "date": "2026-02-20", "close": 10.044952, "volume": 103600, "typical_volume": 145485.0, "trend": 9.932959, "fair_value": 9.181159, "relative_strength": -14.332722, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.614378, "energy": 55.36465, "activity_lines": [ 10.034433, 10.023211, 9.995904, 9.972799 ] }, { "date": "2026-02-27", "close": 10.005561, "volume": 232400, "typical_volume": 151620.0, "trend": 9.940905, "fair_value": 9.19206, "relative_strength": -15.57016, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.923694, "energy": 41.772455, "activity_lines": [ 10.025052, 10.022784, 9.998642, 9.977483 ] }, { "date": "2026-03-06", "close": 10.005561, "volume": 279900, "typical_volume": 161365.0, "trend": 9.94853, "fair_value": 9.202407, "relative_strength": -11.959007, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.740794, "energy": 23.449804, "activity_lines": [ 10.017442, 10.021505, 10.000942, 9.981655 ] }, { "date": "2026-03-13", "close": 9.985865, "volume": 203200, "typical_volume": 164270.0, "trend": 9.954214, "fair_value": 9.21274, "relative_strength": -10.258729, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.440025, "energy": 16.756571, "activity_lines": [ 10.005691, 10.01579, 10.001161, 9.984063 ] }, { "date": "2026-03-20", "close": 9.946473, "volume": 204800, "typical_volume": 166850.0, "trend": 9.958486, "fair_value": 9.222929, "relative_strength": -6.773975, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.275712, "energy": 13.233217, "activity_lines": [ 9.983239, 10.002597, 9.997452, 9.983564 ] }, { "date": "2026-03-27", "close": 9.95637, "volume": 191400, "typical_volume": 168665.0, "trend": 9.962445, "fair_value": 9.233571, "relative_strength": -8.173338, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.466525, "energy": 14.220892, "activity_lines": [ 9.969468, 9.991958, 9.994743, 9.983427 ] }, { "date": "2026-04-03", "close": 9.95637, "volume": 139100, "typical_volume": 170270.0, "trend": 9.965761, "fair_value": 9.243102, "relative_strength": -10.784516, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.984822, "energy": 19.891307, "activity_lines": [ 9.961603, 9.982782, 9.991998, 9.983035 ] }, { "date": "2026-04-10", "close": 9.966267, "volume": 169300, "typical_volume": 170515.0, "trend": 9.968762, "fair_value": 9.252974, "relative_strength": -11.716221, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.421174, "energy": 18.594145, "activity_lines": [ 9.960316, 9.976783, 9.990114, 9.983068 ] }, { "date": "2026-04-17", "close": 9.981112, "volume": 107800, "typical_volume": 169305.0, "trend": 9.971615, "fair_value": 9.262708, "relative_strength": -12.734052, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.539519, "energy": 13.581292, "activity_lines": [ 9.966597, 9.97486, 9.98956, 9.983865 ] }, { "date": "2026-04-24", "close": 9.935327, "volume": 201100, "typical_volume": 169230.0, "trend": 9.972652, "fair_value": 9.271925, "relative_strength": -11.524596, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.408697, "energy": 15.6079, "activity_lines": [ 9.957933, 9.96536, 9.984493, 9.981524 ] }, { "date": "2026-05-01", "close": 9.885848, "volume": 243000, "typical_volume": 171735.0, "trend": 9.972039, "fair_value": 9.280936, "relative_strength": -11.468592, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -39.995341, "energy": 32.332084, "activity_lines": [ 9.933519, 9.948535, 9.974731, 9.975923 ] }, { "date": "2026-05-08", "close": 9.925431, "volume": 114600, "typical_volume": 170055.0, "trend": 9.972423, "fair_value": 9.290591, "relative_strength": -11.1549, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.03178, "energy": 30.968414, "activity_lines": [ 9.927001, 9.9418, 9.96904, 9.972917 ] }, { "date": "2026-05-15", "close": 9.925431, "volume": 192100, "typical_volume": 177060.0, "trend": 9.971193, "fair_value": 9.300135, "relative_strength": -10.113952, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.195762, "energy": 46.641879, "activity_lines": [ 9.922546, 9.936521, 9.963506, 9.969885 ] }, { "date": "2026-05-22", "close": 9.917475, "volume": 152500, "typical_volume": 181860.0, "trend": 9.970148, "fair_value": 9.310115, "relative_strength": -11.410988, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.514922, "energy": 45.635485, "activity_lines": [ 9.918161, 9.931253, 9.957374, 9.966419 ] }, { "date": "2026-05-29", "close": 9.947316, "volume": 199500, "typical_volume": 185340.0, "trend": 9.969775, "fair_value": 9.320119, "relative_strength": -11.473871, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.862206, "energy": 26.439771, "activity_lines": [ 9.927966, 9.932654, 9.954325, 9.964946 ] }, { "date": "2026-06-05", "close": 9.977158, "volume": 64300, "typical_volume": 177725.0, "trend": 9.97072, "fair_value": 9.330369, "relative_strength": -9.879288, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.073478, "energy": 15.571044, "activity_lines": [ 9.946918, 9.939466, 9.954313, 9.965422 ] }, { "date": "2026-06-12", "close": 9.997053, "volume": 29100, "typical_volume": 169665.0, "trend": 9.972651, "fair_value": 9.340467, "relative_strength": -10.638107, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.989111, "energy": 13.944889, "activity_lines": [ 9.966415, 9.949517, 9.956479, 9.967121 ] }, { "date": "2026-06-19", "close": 9.951073, "volume": 11100, "typical_volume": 161540.0, "trend": 9.972724, "fair_value": 9.349985, "relative_strength": -10.687895, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.203875, "energy": 18.877073, "activity_lines": [ 9.965811, 9.950468, 9.954434, 9.965729 ] }, { "date": "2026-06-26", "close": 9.944112, "volume": 20900, "typical_volume": 153805.0, "trend": 9.972564, "fair_value": 9.359682, "relative_strength": -10.351574, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.44996, "energy": 18.65575, "activity_lines": [ 9.961176, 9.950429, 9.952158, 9.963883 ] }, { "date": "2026-07-03", "close": 9.954056, "volume": 11400, "typical_volume": 143555.0, "trend": 9.973061, "fair_value": 9.368993, "relative_strength": -10.52624, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.863846, "energy": 10.274589, "activity_lines": [ 9.958081, 9.952872, 9.951201, 9.962689 ] }, { "date": "2026-07-10", "close": 9.973944, "volume": 149400, "typical_volume": 145845.0, "trend": 9.973896, "fair_value": 9.378376, "relative_strength": -10.076915, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.547866, "energy": 5.807189, "activity_lines": [ 9.961165, 9.95859, 9.952487, 9.962746 ] }, { "date": "2026-07-17", "close": 9.993833, "volume": 246400, "typical_volume": 146545.0, "trend": 9.975069, "fair_value": 9.38797, "relative_strength": -9.38911, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.352957, "energy": 6.361711, "activity_lines": [ 9.971094, 9.966322, 9.956006, 9.964032 ] }, { "date": "2026-07-24", "close": 9.96, "volume": 145100, "typical_volume": 139805.0, "trend": 9.975115, "fair_value": 9.397122, "relative_strength": -9.56277, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.682867, "energy": 10.883854, "activity_lines": [ 9.969959, 9.966659, 9.956358, 9.96306 ] }, { "date": "2026-07-31", "close": 9.98, "volume": 175700, "typical_volume": 138430.0, "trend": 9.975501, "fair_value": 9.406176, "relative_strength": -8.571952, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.551577, "energy": 15.941069, "activity_lines": [ 9.974896, 9.970005, 9.958832, 9.963375 ] }, { "date": "2026-08-07", "close": 9.95, "volume": 78200, "typical_volume": 132100.0, "trend": 9.974235, "fair_value": 9.41515, "relative_strength": -11.307624, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.525584, "energy": 10.39452, "activity_lines": [ 9.967441, 9.966758, 9.958476, 9.96173 ] } ], "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." } } }