{ "ticker": { "uuid": "dd60840e-67ca-4f23-b94f-ace472000601", "symbol": "PPLN", "name": "Global X Equal Weight Canadian Pipelines Index 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 81.717, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 37.729, "architecture_energy": 32.225, "architecture_maturity": 51.564, "architecture_confidence": 58.167, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 31.72, "rotation_up": 41.57, "upward_expansion": 69.74, "deceleration": 63.41, "rotation_down": 27.05, "downward_expansion": 13.07 }, "activity_lines": [ 14.841505, 14.864544, 14.648114, 14.327706 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 14.165, "trend_reference": 13.784855, "distance_from_trend": 0.027577, "trend_direction": "Improving", "fair_value": 10.922665, "distance_from_fair_value": 0.296845, "fair_value_direction": "Weakening", "relative_strength": -0.55352, "relative_strength_direction": "Weakening", "price_momentum": 0.149039, "excess_performance": 0.028618, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.027577, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.093382, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.296845, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.003958, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.005535, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.044121, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.149039, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.221477, "read": "Demand-led" } ], "volume": { "latest": 444200, "relative_activity": 1.389189, "balance": 1.221477, "dry_up": 0.842442, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.043656, "annualized_volatility": 0.239102, "from_high_reference": -0.093654, "from_low_reference": 0.324176 }, "levels": { "trend_reference": 13.784855, "fair_value_reference": 10.922665, "structural_low": 12.199584, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 38, "median_return": 0.002354, "positive_rate": 0.526316, "directional_follow_through": 0.526316, "median_excess_return": -0.00083, "regime_survival": 0.763158, "best_return": 0.156826, "worst_return": -0.111328, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": 0.032023, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": -0.009574, "regime_survival": 0.5, "best_return": 0.15367, "worst_return": -0.091489, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.022676, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.028923, "regime_survival": 0.375, "best_return": 0.194341, "worst_return": -0.033885, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.059534, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.020825, "regime_survival": 0.25, "best_return": 0.160569, "worst_return": 0.002425, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-29", "end": "2024-04-26", "tenure": "Established", "return": 0.065381, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-03", "end": "2024-07-26", "tenure": "Established", "return": 0.040585, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-02", "end": "2024-08-30", "tenure": "Developing", "return": -0.032432, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-06", "end": "2024-10-04", "tenure": "Developing", "return": 0.052563, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2025-02-21", "tenure": "Established", "return": -0.006673, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-28", "end": "2025-03-07", "tenure": "New", "return": -0.025225, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-04-11", "tenure": "Developing", "return": -0.06034, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-09", "tenure": "New", "return": 0.013281, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-08-22", "tenure": "Established", "return": 0.060233, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-10-31", "tenure": "Developing", "return": -0.012671, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-07", "end": "2025-11-28", "tenure": "New", "return": 0.051399, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-05", "end": "2026-04-24", "tenure": "Established", "return": 0.132478, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-01", "end": "2026-05-15", "tenure": "New", "return": 0.060606, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-22", "end": "2026-08-07", "tenure": "Developing", "return": -0.061097, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 8.957511, "volume": 9300, "typical_volume": 13750.0, "trend": 8.739816, "fair_value": 7.585012, "relative_strength": 5.159718, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.120641, "energy": 49.288302, "activity_lines": [ 9.16548, 9.105464, 8.933437, 8.81726 ] }, { "date": "2023-08-25", "close": 8.993162, "volume": 6700, "typical_volume": 13925.0, "trend": 8.737913, "fair_value": 7.607624, "relative_strength": 5.353525, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.519842, "energy": 32.997685, "activity_lines": [ 9.091799, 9.102885, 8.952499, 8.833605 ] }, { "date": "2023-09-01", "close": 9.287292, "volume": 11100, "typical_volume": 14145.0, "trend": 8.749312, "fair_value": 7.633544, "relative_strength": 4.889078, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.354624, "energy": 38.333079, "activity_lines": [ 9.133988, 9.148572, 8.996529, 8.869049 ] }, { "date": "2023-09-08", "close": 9.215984, "volume": 12900, "typical_volume": 14435.0, "trend": 8.760082, "fair_value": 7.659921, "relative_strength": 6.304512, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.30735, "energy": 32.258578, "activity_lines": [ 9.155972, 9.167208, 9.030204, 8.899157 ] }, { "date": "2023-09-15", "close": 9.215984, "volume": 21700, "typical_volume": 14555.0, "trend": 8.769978, "fair_value": 7.686297, "relative_strength": 3.36462, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.423188, "energy": 39.258111, "activity_lines": [ 9.183304, 9.18001, 9.060613, 8.92857 ] }, { "date": "2023-09-22", "close": 9.028813, "volume": 9200, "typical_volume": 14595.0, "trend": 8.77859, "fair_value": 7.712896, "relative_strength": 5.377578, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.493473, "energy": 32.639043, "activity_lines": [ 9.148247, 9.152947, 9.070099, 8.945269 ] }, { "date": "2023-09-29", "close": 8.886569, "volume": 15800, "typical_volume": 13910.0, "trend": 8.775466, "fair_value": 7.739024, "relative_strength": 4.791235, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.689392, "energy": 16.675205, "activity_lines": [ 9.061021, 9.099373, 9.063705, 8.952235 ] }, { "date": "2023-10-06", "close": 8.535428, "volume": 26400, "typical_volume": 14550.0, "trend": 8.77725, "fair_value": 7.761454, "relative_strength": 2.121583, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.938332, "energy": 22.728758, "activity_lines": [ 8.863854, 8.988755, 9.022507, 8.936749 ] }, { "date": "2023-10-13", "close": 8.733507, "volume": 7500, "typical_volume": 14180.0, "trend": 8.802834, "fair_value": 7.785878, "relative_strength": 3.214266, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.141423, "energy": 31.787715, "activity_lines": [ 8.782838, 8.928794, 9.00057, 8.933927 ] }, { "date": "2023-10-20", "close": 8.724505, "volume": 1400, "typical_volume": 13960.0, "trend": 8.826661, "fair_value": 7.80983, "relative_strength": 4.764419, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.788307, "energy": 42.09921, "activity_lines": [ 8.730986, 8.877427, 8.976806, 8.928873 ] }, { "date": "2023-10-27", "close": 8.625467, "volume": 7600, "typical_volume": 14060.0, "trend": 8.836895, "fair_value": 7.835472, "relative_strength": 5.454861, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.39957, "energy": 54.058589, "activity_lines": [ 8.678887, 8.816989, 8.943819, 8.915893 ] }, { "date": "2023-11-03", "close": 9.021626, "volume": 5500, "typical_volume": 13665.0, "trend": 8.859159, "fair_value": 7.863705, "relative_strength": 4.111269, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -10.796015, "energy": 18.131367, "activity_lines": [ 8.78573, 8.834617, 8.949116, 8.927811 ] }, { "date": "2023-11-10", "close": 8.922585, "volume": 15500, "typical_volume": 14135.0, "trend": 8.871946, "fair_value": 7.889031, "relative_strength": 3.695791, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -2.566375, "energy": 7.290832, "activity_lines": [ 8.850556, 8.83372, 8.94348, 8.931903 ] }, { "date": "2023-11-17", "close": 8.850554, "volume": 7600, "typical_volume": 14150.0, "trend": 8.882626, "fair_value": 7.911983, "relative_strength": 0.161042, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.083736, "energy": 7.898216, "activity_lines": [ 8.865562, 8.826358, 8.929031, 8.930523 ] }, { "date": "2023-11-24", "close": 8.976608, "volume": 31300, "typical_volume": 15485.0, "trend": 8.896332, "fair_value": 7.933575, "relative_strength": 1.875415, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.398714, "energy": 13.300897, "activity_lines": [ 8.914782, 8.848559, 8.926799, 8.936587 ] }, { "date": "2023-12-01", "close": 9.120664, "volume": 7600, "typical_volume": 14635.0, "trend": 8.915722, "fair_value": 7.954901, "relative_strength": 1.661349, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.243999, "energy": 20.13843, "activity_lines": [ 8.995214, 8.901304, 8.937899, 8.95106 ] }, { "date": "2023-12-08", "close": 9.039632, "volume": 7700, "typical_volume": 12615.0, "trend": 8.930352, "fair_value": 7.975088, "relative_strength": 1.302066, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 33.032475, "energy": 24.632869, "activity_lines": [ 9.015622, 8.937646, 8.940675, 8.959054 ] }, { "date": "2023-12-15", "close": 9.120664, "volume": 11700, "typical_volume": 12470.0, "trend": 8.947096, "fair_value": 7.997396, "relative_strength": 1.185726, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 50.042253, "energy": 37.859084, "activity_lines": [ 9.061841, 8.985938, 8.95222, 8.971332 ] }, { "date": "2023-12-22", "close": 9.372766, "volume": 26300, "typical_volume": 13095.0, "trend": 8.975183, "fair_value": 8.021837, "relative_strength": 2.190186, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 69.452962, "energy": 64.930973, "activity_lines": [ 9.178888, 9.069426, 8.988823, 8.998795 ] }, { "date": "2023-12-29", "close": 9.331381, "volume": 4700, "typical_volume": 12375.0, "trend": 8.993952, "fair_value": 8.046319, "relative_strength": 1.358144, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.062515, "energy": 67.945347, "activity_lines": [ 9.247326, 9.133766, 9.021119, 9.021775 ] }, { "date": "2024-01-05", "close": 9.431427, "volume": 20300, "typical_volume": 12925.0, "trend": 9.016937, "fair_value": 8.069087, "relative_strength": 2.467966, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.917128, "energy": 82.350615, "activity_lines": [ 9.325461, 9.205263, 9.062395, 9.049999 ] }, { "date": "2024-01-12", "close": 9.531469, "volume": 13200, "typical_volume": 13250.0, "trend": 9.044434, "fair_value": 8.091188, "relative_strength": 3.250157, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.298007, "energy": 87.569266, "activity_lines": [ 9.416226, 9.280296, 9.110941, 9.083195 ] }, { "date": "2024-01-19", "close": 9.62242, "volume": 7700, "typical_volume": 13080.0, "trend": 9.081431, "fair_value": 8.114343, "relative_strength": 4.574291, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.56319, "energy": 89.546485, "activity_lines": [ 9.504519, 9.362595, 9.165586, 9.120484 ] }, { "date": "2024-01-26", "close": 9.886173, "volume": 5900, "typical_volume": 12730.0, "trend": 9.114466, "fair_value": 8.140916, "relative_strength": 6.183739, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.636106, "energy": 95.415261, "activity_lines": [ 9.647279, 9.480125, 9.243755, 9.172403 ] }, { "date": "2024-02-02", "close": 9.722464, "volume": 19200, "typical_volume": 12605.0, "trend": 9.142044, "fair_value": 8.164293, "relative_strength": 4.486913, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.199634, "energy": 88.983342, "activity_lines": [ 9.701242, 9.54906, 9.303141, 9.211629 ] }, { "date": "2024-02-09", "close": 9.504188, "volume": 5100, "typical_volume": 12400.0, "trend": 9.159078, "fair_value": 8.185068, "relative_strength": 2.414734, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.229924, "energy": 81.457223, "activity_lines": [ 9.656375, 9.564747, 9.339327, 9.234993 ] }, { "date": "2024-02-16", "close": 9.531469, "volume": 5700, "typical_volume": 11895.0, "trend": 9.168109, "fair_value": 8.205964, "relative_strength": 1.459651, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.575826, "energy": 60.305171, "activity_lines": [ 9.61575, 9.578422, 9.375847, 9.259018 ] }, { "date": "2024-02-23", "close": 9.777034, "volume": 10600, "typical_volume": 11105.0, "trend": 9.182651, "fair_value": 8.228331, "relative_strength": 3.205164, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.704602, "energy": 59.764605, "activity_lines": [ 9.656981, 9.627802, 9.432684, 9.298304 ] }, { "date": "2024-03-01", "close": 9.958932, "volume": 4600, "typical_volume": 10960.0, "trend": 9.204742, "fair_value": 8.249769, "relative_strength": 4.329491, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.425136, "energy": 65.173273, "activity_lines": [ 9.748536, 9.698321, 9.500932, 9.348386 ] }, { "date": "2024-03-08", "close": 9.968027, "volume": 9500, "typical_volume": 11365.0, "trend": 9.22981, "fair_value": 8.268125, "relative_strength": 3.402488, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.850091, "energy": 68.809928, "activity_lines": [ 9.838273, 9.759836, 9.56421, 9.39763 ] }, { "date": "2024-03-15", "close": 10.022597, "volume": 28700, "typical_volume": 12420.0, "trend": 9.265313, "fair_value": 8.288296, "relative_strength": 3.222915, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.7034, "energy": 87.770827, "activity_lines": [ 9.929828, 9.819697, 9.626765, 9.448778 ] }, { "date": "2024-03-22", "close": 10.022597, "volume": 8800, "typical_volume": 12585.0, "trend": 9.299628, "fair_value": 8.309148, "relative_strength": 2.389329, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.879168, "energy": 88.517512, "activity_lines": [ 9.986823, 9.86881, 9.682666, 9.497635 ] }, { "date": "2024-03-29", "close": 10.198504, "volume": 17700, "typical_volume": 12695.0, "trend": 9.330001, "fair_value": 8.330816, "relative_strength": 3.120867, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.774259, "energy": 91.751826, "activity_lines": [ 10.069712, 9.940976, 9.750554, 9.555627 ] }, { "date": "2024-04-05", "close": 10.189324, "volume": 21500, "typical_volume": 13390.0, "trend": 9.362446, "fair_value": 8.352847, "relative_strength": 2.383006, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.70299, "energy": 86.439138, "activity_lines": [ 10.121443, 10.000999, 9.811491, 9.611067 ] }, { "date": "2024-04-12", "close": 9.987375, "volume": 13500, "typical_volume": 12500.0, "trend": 9.388159, "fair_value": 8.373426, "relative_strength": 1.843429, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.519709, "energy": 64.639135, "activity_lines": [ 10.090498, 10.018792, 9.846821, 9.651385 ] }, { "date": "2024-04-19", "close": 9.831324, "volume": 13100, "typical_volume": 12775.0, "trend": 9.414909, "fair_value": 8.393268, "relative_strength": 0.511197, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.148297, "energy": 53.254356, "activity_lines": [ 10.006246, 10.003395, 9.862475, 9.679976 ] }, { "date": "2024-04-26", "close": 9.941479, "volume": 29500, "typical_volume": 13865.0, "trend": 9.450073, "fair_value": 8.411967, "relative_strength": 0.727072, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.829834, "energy": 40.329908, "activity_lines": [ 9.971465, 10.002079, 9.885236, 9.713949 ] }, { "date": "2024-05-03", "close": 9.785422, "volume": 15500, "typical_volume": 14055.0, "trend": 9.491739, "fair_value": 8.428978, "relative_strength": -0.883647, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.66402, "energy": 23.876568, "activity_lines": [ 9.890071, 9.964934, 9.88884, 9.735584 ] }, { "date": "2024-05-10", "close": 9.748705, "volume": 5200, "typical_volume": 13000.0, "trend": 9.525579, "fair_value": 8.446071, "relative_strength": -2.921161, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.281292, "energy": 23.730459, "activity_lines": [ 9.823978, 9.920961, 9.885781, 9.752163 ] }, { "date": "2024-05-17", "close": 9.803785, "volume": 6500, "typical_volume": 13090.0, "trend": 9.561555, "fair_value": 8.463042, "relative_strength": -3.10621, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.091635, "energy": 20.001915, "activity_lines": [ 9.80562, 9.890824, 9.886178, 9.770111 ] }, { "date": "2024-05-24", "close": 9.638553, "volume": 14400, "typical_volume": 12795.0, "trend": 9.595325, "fair_value": 8.478531, "relative_strength": -4.137304, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.203526, "energy": 17.985654, "activity_lines": [ 9.744423, 9.833632, 9.868589, 9.775079 ] }, { "date": "2024-05-31", "close": 9.647731, "volume": 26900, "typical_volume": 13480.0, "trend": 9.616195, "fair_value": 8.491594, "relative_strength": -3.803751, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.326242, "energy": 19.412869, "activity_lines": [ 9.699137, 9.785091, 9.850888, 9.77846 ] }, { "date": "2024-06-07", "close": 9.785422, "volume": 17500, "typical_volume": 13970.0, "trend": 9.644956, "fair_value": 8.50443, "relative_strength": -1.290681, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.345265, "energy": 14.913923, "activity_lines": [ 9.719331, 9.7684, 9.845747, 9.789378 ] }, { "date": "2024-06-14", "close": 9.656914, "volume": 3700, "typical_volume": 13860.0, "trend": 9.671835, "fair_value": 8.517817, "relative_strength": -0.974804, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -2.852277, "energy": 16.607666, "activity_lines": [ 9.696689, 9.735855, 9.827591, 9.790149 ] }, { "date": "2024-06-21", "close": 9.555935, "volume": 33100, "typical_volume": 14555.0, "trend": 9.691146, "fair_value": 8.530027, "relative_strength": -1.648286, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.664727, "energy": 27.098535, "activity_lines": [ 9.646507, 9.694631, 9.800909, 9.782672 ] }, { "date": "2024-06-28", "close": 9.932402, "volume": 2500, "typical_volume": 14425.0, "trend": 9.718204, "fair_value": 8.544098, "relative_strength": 0.672237, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.737677, "energy": 13.981857, "activity_lines": [ 9.738338, 9.729699, 9.810875, 9.798237 ] }, { "date": "2024-07-05", "close": 9.960196, "volume": 200, "typical_volume": 14150.0, "trend": 9.748889, "fair_value": 8.558934, "relative_strength": 0.102816, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.26974, "energy": 18.412934, "activity_lines": [ 9.819843, 9.767983, 9.821448, 9.813849 ] }, { "date": "2024-07-12", "close": 9.858277, "volume": 11200, "typical_volume": 14180.0, "trend": 9.773476, "fair_value": 8.574447, "relative_strength": -3.569536, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.553845, "energy": 17.309484, "activity_lines": [ 9.846544, 9.787395, 9.820273, 9.820906 ] }, { "date": "2024-07-19", "close": 10.025052, "volume": 8100, "typical_volume": 14355.0, "trend": 9.795219, "fair_value": 8.591083, "relative_strength": -1.974148, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 50.049664, "energy": 35.335862, "activity_lines": [ 9.92398, 9.835806, 9.834595, 9.837137 ] }, { "date": "2024-07-26", "close": 10.182562, "volume": 6500, "typical_volume": 14205.0, "trend": 9.823592, "fair_value": 8.608143, "relative_strength": -0.939269, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 70.580469, "energy": 60.326453, "activity_lines": [ 10.029376, 9.907831, 9.863602, 9.862127 ] }, { "date": "2024-08-02", "close": 10.284479, "volume": 1900, "typical_volume": 12865.0, "trend": 9.852027, "fair_value": 8.625936, "relative_strength": 2.68091, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.770364, "energy": 78.419055, "activity_lines": [ 10.12697, 9.991499, 9.901295, 9.891862 ] }, { "date": "2024-08-09", "close": 10.122339, "volume": 2000, "typical_volume": 12525.0, "trend": 9.871723, "fair_value": 8.643249, "relative_strength": 0.673974, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.328746, "energy": 68.626028, "activity_lines": [ 10.147045, 10.033943, 9.922298, 9.909301 ] }, { "date": "2024-08-16", "close": 9.941664, "volume": 6200, "typical_volume": 11950.0, "trend": 9.882364, "fair_value": 8.660949, "relative_strength": -4.226011, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.541646, "energy": 54.79592, "activity_lines": [ 10.096086, 10.034908, 9.92562, 9.913813 ] }, { "date": "2024-08-23", "close": 9.960196, "volume": 4500, "typical_volume": 11100.0, "trend": 9.884832, "fair_value": 8.676956, "relative_strength": -4.897213, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.674669, "energy": 30.939138, "activity_lines": [ 10.045745, 10.036401, 9.931929, 9.918835 ] }, { "date": "2024-08-30", "close": 9.950929, "volume": 1800, "typical_volume": 10515.0, "trend": 9.892447, "fair_value": 8.692797, "relative_strength": -5.125612, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.293142, "energy": 17.123877, "activity_lines": [ 9.996639, 10.030696, 9.938447, 9.923099 ] }, { "date": "2024-09-06", "close": 9.858277, "volume": 15000, "typical_volume": 10610.0, "trend": 9.90425, "fair_value": 8.707778, "relative_strength": -3.569972, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.765038, "energy": 17.491649, "activity_lines": [ 9.93209, 10.000962, 9.936315, 9.920895 ] }, { "date": "2024-09-13", "close": 9.849012, "volume": 14100, "typical_volume": 9840.0, "trend": 9.914835, "fair_value": 8.721368, "relative_strength": -6.762855, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.903239, "energy": 12.159624, "activity_lines": [ 9.892867, 9.970892, 9.933171, 9.917331 ] }, { "date": "2024-09-20", "close": 9.96946, "volume": 19500, "typical_volume": 10040.0, "trend": 9.921249, "fair_value": 8.73573, "relative_strength": -6.648502, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.186527, "energy": 8.963303, "activity_lines": [ 9.912016, 9.964743, 9.94194, 9.920855 ] }, { "date": "2024-09-27", "close": 10.086669, "volume": 6600, "typical_volume": 10110.0, "trend": 9.925507, "fair_value": 8.750178, "relative_strength": -5.766868, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.172655, "energy": 17.112288, "activity_lines": [ 9.96838, 9.977884, 9.960994, 9.931527 ] }, { "date": "2024-10-04", "close": 10.37646, "volume": 3600, "typical_volume": 9965.0, "trend": 9.939121, "fair_value": 8.765356, "relative_strength": -3.827852, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.47916, "energy": 47.838641, "activity_lines": [ 10.11291, 10.042593, 10.006039, 9.960621 ] }, { "date": "2024-10-11", "close": 10.516684, "volume": 3200, "typical_volume": 9405.0, "trend": 9.955591, "fair_value": 8.780037, "relative_strength": -3.677917, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.654061, "energy": 71.502119, "activity_lines": [ 10.275813, 10.129272, 10.061711, 9.997883 ] }, { "date": "2024-10-18", "close": 10.619514, "volume": 3400, "typical_volume": 8230.0, "trend": 9.975488, "fair_value": 8.795807, "relative_strength": -3.994323, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.341618, "energy": 80.723821, "activity_lines": [ 10.429099, 10.230426, 10.122995, 10.040717 ] }, { "date": "2024-10-25", "close": 10.413853, "volume": 3300, "typical_volume": 7520.0, "trend": 9.982666, "fair_value": 8.810956, "relative_strength": -4.329735, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.533214, "energy": 76.048737, "activity_lines": [ 10.462464, 10.285147, 10.160065, 10.068999 ] }, { "date": "2024-11-01", "close": 10.554076, "volume": 3700, "typical_volume": 7520.0, "trend": 9.994825, "fair_value": 8.828455, "relative_strength": -2.12372, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.729912, "energy": 75.33588, "activity_lines": [ 10.512944, 10.356778, 10.207496, 10.105864 ] }, { "date": "2024-11-08", "close": 10.703646, "volume": 100, "typical_volume": 5870.0, "trend": 10.018701, "fair_value": 8.848254, "relative_strength": -2.666823, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.954481, "energy": 78.646428, "activity_lines": [ 10.58212, 10.444806, 10.2649, 10.151594 ] }, { "date": "2024-11-15", "close": 10.834519, "volume": 12900, "typical_volume": 6390.0, "trend": 10.05214, "fair_value": 8.869913, "relative_strength": -1.982068, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.665763, "energy": 74.732669, "activity_lines": [ 10.673108, 10.542943, 10.329303, 10.204228 ] }, { "date": "2024-11-22", "close": 11.217795, "volume": 2200, "typical_volume": 6490.0, "trend": 10.094684, "fair_value": 8.894941, "relative_strength": -0.698392, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.485728, "energy": 89.780717, "activity_lines": [ 10.870666, 10.693017, 10.425913, 10.279431 ] }, { "date": "2024-11-29", "close": 11.030832, "volume": 13500, "typical_volume": 6605.0, "trend": 10.136198, "fair_value": 8.920221, "relative_strength": -3.062386, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.794539, "energy": 82.819111, "activity_lines": [ 10.966018, 10.78421, 10.498728, 10.339828 ] }, { "date": "2024-12-06", "close": 11.199099, "volume": 7800, "typical_volume": 6590.0, "trend": 10.184544, "fair_value": 8.946311, "relative_strength": -1.714354, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.199359, "energy": 82.486011, "activity_lines": [ 11.076326, 10.8867, 10.581985, 10.408402 ] }, { "date": "2024-12-13", "close": 10.946698, "volume": 4000, "typical_volume": 6465.0, "trend": 10.222641, "fair_value": 8.970945, "relative_strength": -2.295225, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.065599, "energy": 65.422367, "activity_lines": [ 11.059499, 10.923073, 10.635613, 10.457573 ] }, { "date": "2024-12-20", "close": 10.684951, "volume": 7700, "typical_volume": 6755.0, "trend": 10.257521, "fair_value": 8.992289, "relative_strength": -1.953651, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.964792, "energy": 48.916339, "activity_lines": [ 10.93922, 10.901487, 10.660674, 10.4874 ] }, { "date": "2024-12-27", "close": 10.815825, "volume": 10700, "typical_volume": 7190.0, "trend": 10.296458, "fair_value": 9.014332, "relative_strength": -1.50214, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.009221, "energy": 36.640216, "activity_lines": [ 10.872537, 10.900638, 10.696293, 10.523419 ] }, { "date": "2025-01-03", "close": 11.187996, "volume": 4400, "typical_volume": 7100.0, "trend": 10.34321, "fair_value": 9.037623, "relative_strength": 0.779735, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.514967, "energy": 39.418253, "activity_lines": [ 10.956709, 10.963886, 10.764053, 10.580938 ] }, { "date": "2025-01-10", "close": 11.094137, "volume": 4400, "typical_volume": 7095.0, "trend": 10.391118, "fair_value": 9.058742, "relative_strength": 1.195224, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.95514, "energy": 41.276353, "activity_lines": [ 10.999116, 10.995994, 10.81694, 10.629385 ] }, { "date": "2025-01-17", "close": 11.263084, "volume": 19400, "typical_volume": 7975.0, "trend": 10.448023, "fair_value": 9.082514, "relative_strength": 1.554297, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.266174, "energy": 52.656942, "activity_lines": [ 11.104837, 11.049, 10.880518, 10.68564 ] }, { "date": "2025-01-24", "close": 11.169223, "volume": 6300, "typical_volume": 7540.0, "trend": 10.48925, "fair_value": 9.105414, "relative_strength": -0.749113, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.689528, "energy": 60.596641, "activity_lines": [ 11.158179, 11.074769, 10.928907, 10.73217 ] }, { "date": "2025-01-31", "close": 10.95335, "volume": 7600, "typical_volume": 7215.0, "trend": 10.522355, "fair_value": 9.125359, "relative_strength": -2.777729, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.10653, "energy": 43.657255, "activity_lines": [ 11.107278, 11.055203, 10.950495, 10.762111 ] }, { "date": "2025-02-07", "close": 10.925194, "volume": 12800, "typical_volume": 6880.0, "trend": 10.557919, "fair_value": 9.143878, "relative_strength": -2.586325, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.48958, "energy": 34.292942, "activity_lines": [ 11.037823, 11.035326, 10.964143, 10.788101 ] }, { "date": "2025-02-14", "close": 10.643616, "volume": 4900, "typical_volume": 6795.0, "trend": 10.578538, "fair_value": 9.161621, "relative_strength": -5.11979, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.119778, "energy": 14.639995, "activity_lines": [ 10.892029, 10.966173, 10.946423, 10.79363 ] }, { "date": "2025-02-21", "close": 10.44651, "volume": 11900, "typical_volume": 7210.0, "trend": 10.587336, "fair_value": 9.178507, "relative_strength": -5.461816, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -7.952511, "energy": 20.689267, "activity_lines": [ 10.710568, 10.871283, 10.907278, 10.785112 ] }, { "date": "2025-02-28", "close": 10.418352, "volume": 13600, "typical_volume": 7730.0, "trend": 10.591799, "fair_value": 9.193723, "relative_strength": -6.419707, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.173043, "energy": 35.129477, "activity_lines": [ 10.574159, 10.780367, 10.865118, 10.77421 ] }, { "date": "2025-03-07", "close": 10.155547, "volume": 26300, "typical_volume": 8875.0, "trend": 10.592906, "fair_value": 9.208337, "relative_strength": -6.242862, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -41.052384, "energy": 58.59664, "activity_lines": [ 10.400207, 10.646516, 10.798398, 10.746064 ] }, { "date": "2025-03-14", "close": 10.474669, "volume": 7400, "typical_volume": 9080.0, "trend": 10.610672, "fair_value": 9.225105, "relative_strength": -2.3499, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.076364, "energy": 54.357685, "activity_lines": [ 10.385815, 10.582692, 10.764279, 10.738436 ] }, { "date": "2025-03-21", "close": 10.85949, "volume": 1200, "typical_volume": 8955.0, "trend": 10.640649, "fair_value": 9.24277, "relative_strength": -0.353473, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -12.252906, "energy": 26.890289, "activity_lines": [ 10.529732, 10.601805, 10.76652, 10.754489 ] }, { "date": "2025-03-28", "close": 10.756246, "volume": 1800, "typical_volume": 9040.0, "trend": 10.667493, "fair_value": 9.260185, "relative_strength": -0.353913, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -12.095968, "energy": 13.471182, "activity_lines": [ 10.624843, 10.606412, 10.757475, 10.761947 ] }, { "date": "2025-04-04", "close": 10.172283, "volume": 5500, "typical_volume": 8670.0, "trend": 10.67796, "fair_value": 9.272167, "relative_strength": 0.682429, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.549145, "energy": 22.731258, "activity_lines": [ 10.50465, 10.51406, 10.692563, 10.729998 ] }, { "date": "2025-04-11", "close": 9.842623, "volume": 29700, "typical_volume": 10045.0, "trend": 10.677747, "fair_value": 9.281654, "relative_strength": -4.044721, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.808884, "energy": 43.761295, "activity_lines": [ 10.290976, 10.379896, 10.599408, 10.676105 ] }, { "date": "2025-04-18", "close": 10.332399, "volume": 6400, "typical_volume": 9690.0, "trend": 10.689845, "fair_value": 9.294934, "relative_strength": -1.685707, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.67718, "energy": 49.255659, "activity_lines": [ 10.261421, 10.354977, 10.559448, 10.653825 ] }, { "date": "2025-04-25", "close": 10.370075, "volume": 9600, "typical_volume": 9780.0, "trend": 10.699292, "fair_value": 9.309111, "relative_strength": -3.253747, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.108156, "energy": 56.222273, "activity_lines": [ 10.25391, 10.347687, 10.526401, 10.633194 ] }, { "date": "2025-05-02", "close": 10.592575, "volume": 4600, "typical_volume": 9810.0, "trend": 10.706495, "fair_value": 9.324223, "relative_strength": -2.347018, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.512017, "energy": 32.327699, "activity_lines": [ 10.353193, 10.385824, 10.518493, 10.626309 ] }, { "date": "2025-05-09", "close": 10.469626, "volume": 7200, "typical_volume": 9785.0, "trend": 10.704927, "fair_value": 9.338765, "relative_strength": -4.620053, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.586245, "energy": 17.090587, "activity_lines": [ 10.422405, 10.398951, 10.500561, 10.611028 ] }, { "date": "2025-05-16", "close": 10.46017, "volume": 4900, "typical_volume": 9495.0, "trend": 10.699615, "fair_value": 9.351937, "relative_strength": -6.820495, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.543008, "energy": 17.483689, "activity_lines": [ 10.468642, 10.409427, 10.482754, 10.595237 ] }, { "date": "2025-05-23", "close": 10.469626, "volume": 2800, "typical_volume": 9415.0, "trend": 10.701474, "fair_value": 9.363207, "relative_strength": -6.291373, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.871535, "energy": 17.355012, "activity_lines": [ 10.476861, 10.416083, 10.467542, 10.580399 ] }, { "date": "2025-05-30", "close": 10.427877, "volume": 10800, "typical_volume": 9735.0, "trend": 10.697268, "fair_value": 9.37301, "relative_strength": -7.573848, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.14835, "energy": 14.148371, "activity_lines": [ 10.462015, 10.415241, 10.451774, 10.562747 ] }, { "date": "2025-06-06", "close": 10.45637, "volume": 6300, "typical_volume": 9080.0, "trend": 10.689025, "fair_value": 9.383595, "relative_strength": -8.010853, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.386483, "energy": 14.960621, "activity_lines": [ 10.452813, 10.427426, 10.441892, 10.547206 ] }, { "date": "2025-06-13", "close": 10.484861, "volume": 9100, "typical_volume": 9220.0, "trend": 10.67737, "fair_value": 9.401725, "relative_strength": -7.813356, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.357105, "energy": 11.187437, "activity_lines": [ 10.462189, 10.450244, 10.438566, 10.534034 ] }, { "date": "2025-06-20", "close": 10.370895, "volume": 1900, "typical_volume": 8935.0, "trend": 10.64914, "fair_value": 9.418579, "relative_strength": -8.579185, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.70708, "energy": 17.696232, "activity_lines": [ 10.432561, 10.446658, 10.427644, 10.514261 ] }, { "date": "2025-06-27", "close": 10.399387, "volume": 7300, "typical_volume": 8660.0, "trend": 10.628092, "fair_value": 9.435891, "relative_strength": -8.732549, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.12106, "energy": 16.77248, "activity_lines": [ 10.418381, 10.438647, 10.422209, 10.498148 ] }, { "date": "2025-07-04", "close": 10.328812, "volume": 7900, "typical_volume": 8810.0, "trend": 10.599082, "fair_value": 9.45297, "relative_strength": -10.271878, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.954328, "energy": 21.976069, "activity_lines": [ 10.385359, 10.416586, 10.412557, 10.47884 ] }, { "date": "2025-07-11", "close": 10.319277, "volume": 11200, "typical_volume": 8775.0, "trend": 10.578168, "fair_value": 9.471252, "relative_strength": -10.048001, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.381304, "energy": 37.836011, "activity_lines": [ 10.355763, 10.393542, 10.403496, 10.460788 ] }, { "date": "2025-07-18", "close": 10.548168, "volume": 12600, "typical_volume": 8725.0, "trend": 10.573609, "fair_value": 9.488199, "relative_strength": -8.801512, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.253521, "energy": 14.807041, "activity_lines": [ 10.411604, 10.417083, 10.41684, 10.458852 ] }, { "date": "2025-07-25", "close": 10.376497, "volume": 17400, "typical_volume": 8280.0, "trend": 10.558965, "fair_value": 9.502122, "relative_strength": -10.594617, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.509537, "energy": 22.429892, "activity_lines": [ 10.406, 10.407984, 10.413216, 10.446135 ] }, { "date": "2025-08-01", "close": 10.582196, "volume": 25800, "typical_volume": 9200.0, "trend": 10.538771, "fair_value": 9.519424, "relative_strength": -6.92153, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.110017, "energy": 6.815618, "activity_lines": [ 10.468589, 10.437806, 10.42813, 10.447634 ] }, { "date": "2025-08-08", "close": 10.596577, "volume": 8600, "typical_volume": 9570.0, "trend": 10.522186, "fair_value": 9.535307, "relative_strength": -8.97469, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.822418, "energy": 20.896797, "activity_lines": [ 10.523785, 10.468195, 10.443902, 10.451364 ] }, { "date": "2025-08-15", "close": 10.860173, "volume": 19400, "typical_volume": 10450.0, "trend": 10.508755, "fair_value": 9.551561, "relative_strength": -7.02188, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 50.472245, "energy": 60.116045, "activity_lines": [ 10.648995, 10.543444, 10.48603, 10.473169 ] }, { "date": "2025-08-22", "close": 11.090219, "volume": 55400, "typical_volume": 12945.0, "trend": 10.506122, "fair_value": 9.568465, "relative_strength": -6.329046, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 88.278478, "energy": 86.067595, "activity_lines": [ 10.814827, 10.653178, 10.549572, 10.510683 ] }, { "date": "2025-08-29", "close": 10.999509, "volume": 19600, "typical_volume": 12440.0, "trend": 10.507661, "fair_value": 9.58715, "relative_strength": -7.672951, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.258963, "energy": 85.571211, "activity_lines": [ 10.914286, 10.735412, 10.600105, 10.542514 ] }, { "date": "2025-09-05", "close": 11.066932, "volume": 13700, "typical_volume": 12805.0, "trend": 10.512385, "fair_value": 9.605774, "relative_strength": -8.442794, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.885187, "energy": 90.424273, "activity_lines": [ 10.994685, 10.818476, 10.651549, 10.578596 ] }, { "date": "2025-09-12", "close": 11.249935, "volume": 15100, "typical_volume": 13080.0, "trend": 10.532596, "fair_value": 9.625515, "relative_strength": -7.52587, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.274861, "energy": 93.634817, "activity_lines": [ 11.103769, 10.922676, 10.716925, 10.62618 ] }, { "date": "2025-09-19", "close": 11.375149, "volume": 27300, "typical_volume": 14215.0, "trend": 10.56355, "fair_value": 9.649412, "relative_strength": -7.867009, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.856684, "energy": 93.861131, "activity_lines": [ 11.211035, 11.032894, 10.790036, 10.680538 ] }, { "date": "2025-09-26", "close": 11.615943, "volume": 22400, "typical_volume": 14975.0, "trend": 10.60347, "fair_value": 9.675013, "relative_strength": -5.759966, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.896326, "energy": 95.828412, "activity_lines": [ 11.364233, 11.167695, 10.882353, 10.748435 ] }, { "date": "2025-10-03", "close": 11.988467, "volume": 16800, "typical_volume": 15570.0, "trend": 10.664568, "fair_value": 9.700948, "relative_strength": -4.846094, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.039871, "energy": 97.930087, "activity_lines": [ 11.606557, 11.350814, 11.00469, 10.837789 ] }, { "date": "2025-10-10", "close": 11.320827, "volume": 49800, "typical_volume": 17920.0, "trend": 10.692773, "fair_value": 9.723714, "relative_strength": -8.060555, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.67951, "energy": 71.428935, "activity_lines": [ 11.560404, 11.383235, 11.056165, 10.880129 ] }, { "date": "2025-10-17", "close": 11.040226, "volume": 22200, "typical_volume": 18490.0, "trend": 10.698797, "fair_value": 9.744959, "relative_strength": -10.85241, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.279985, "energy": 58.61581, "activity_lines": [ 11.403792, 11.351209, 11.076862, 10.902545 ] }, { "date": "2025-10-24", "close": 10.991846, "volume": 29600, "typical_volume": 19655.0, "trend": 10.706651, "fair_value": 9.763617, "relative_strength": -11.69593, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.750401, "energy": 38.978608, "activity_lines": [ 11.245033, 11.302319, 11.090036, 10.921451 ] }, { "date": "2025-10-31", "close": 10.860132, "volume": 48400, "typical_volume": 21620.0, "trend": 10.729579, "fair_value": 9.780209, "relative_strength": -12.17367, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.18379, "energy": 30.475748, "activity_lines": [ 11.067923, 11.227088, 11.088115, 10.931353 ] }, { "date": "2025-11-07", "close": 10.962218, "volume": 29900, "typical_volume": 23020.0, "trend": 10.766899, "fair_value": 9.796623, "relative_strength": -10.036537, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.868132, "energy": 30.989436, "activity_lines": [ 10.975229, 11.174601, 11.094131, 10.946362 ] }, { "date": "2025-11-14", "close": 11.462934, "volume": 672600, "typical_volume": 56285.0, "trend": 10.804583, "fair_value": 9.815081, "relative_strength": -6.960808, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.193469, "energy": 29.804837, "activity_lines": [ 11.117857, 11.213831, 11.145017, 10.991268 ] }, { "date": "2025-11-21", "close": 11.458072, "volume": 1780800, "typical_volume": 144930.0, "trend": 10.84085, "fair_value": 9.832508, "relative_strength": -6.218343, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.855988, "energy": 32.833957, "activity_lines": [ 11.249391, 11.244977, 11.190376, 11.033428 ] }, { "date": "2025-11-28", "close": 11.525669, "volume": 372600, "typical_volume": 163000.0, "trend": 10.871953, "fair_value": 9.850146, "relative_strength": -9.067442, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 66.885684, "energy": 47.522858, "activity_lines": [ 11.3756, 11.284629, 11.236796, 11.07761 ] }, { "date": "2025-12-05", "close": 11.515903, "volume": 258300, "typical_volume": 175285.0, "trend": 10.906829, "fair_value": 9.868777, "relative_strength": -8.641007, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.924436, "energy": 63.390462, "activity_lines": [ 11.462966, 11.319769, 11.27654, 11.119156 ] }, { "date": "2025-12-12", "close": 11.359622, "volume": 2252200, "typical_volume": 287025.0, "trend": 10.936811, "fair_value": 9.88735, "relative_strength": -10.185884, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.61126, "energy": 54.95298, "activity_lines": [ 11.45452, 11.328313, 11.296793, 11.148368 ] }, { "date": "2025-12-19", "close": 11.174038, "volume": 237600, "typical_volume": 297615.0, "trend": 10.960291, "fair_value": 9.903956, "relative_strength": -11.940438, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.518363, "energy": 32.70884, "activity_lines": [ 11.35772, 11.314549, 11.294689, 11.163673 ] }, { "date": "2025-12-26", "close": 11.359622, "volume": 132400, "typical_volume": 303805.0, "trend": 10.991349, "fair_value": 9.921618, "relative_strength": -10.811996, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.119313, "energy": 26.739487, "activity_lines": [ 11.34204, 11.337195, 11.307442, 11.189436 ] }, { "date": "2026-01-02", "close": 11.525095, "volume": 201900, "typical_volume": 312930.0, "trend": 11.026973, "fair_value": 9.940509, "relative_strength": -8.809141, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.090246, "energy": 29.755026, "activity_lines": [ 11.388082, 11.38412, 11.33232, 11.223871 ] }, { "date": "2026-01-09", "close": 11.034456, "volume": 943200, "typical_volume": 357320.0, "trend": 11.045293, "fair_value": 9.953284, "relative_strength": -14.188024, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 16.185391, "energy": 11.363045, "activity_lines": [ 11.270615, 11.332143, 11.307305, 11.224354 ] }, { "date": "2026-01-16", "close": 11.510376, "volume": 629600, "typical_volume": 387820.0, "trend": 11.083276, "fair_value": 9.96883, "relative_strength": -11.208541, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.513374, "energy": 23.452735, "activity_lines": [ 11.343885, 11.363528, 11.327881, 11.25436 ] }, { "date": "2026-01-23", "close": 11.588879, "volume": 630300, "typical_volume": 418650.0, "trend": 11.122926, "fair_value": 9.985103, "relative_strength": -10.494494, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.317637, "energy": 32.366182, "activity_lines": [ 11.433272, 11.399218, 11.3535, 11.286979 ] }, { "date": "2026-01-30", "close": 11.884247, "volume": 338100, "typical_volume": 434800.0, "trend": 11.174773, "fair_value": 10.003942, "relative_strength": -4.434366, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.441575, "energy": 53.07379, "activity_lines": [ 11.593459, 11.486323, 11.404765, 11.336097 ] }, { "date": "2026-02-06", "close": 12.327689, "volume": 598400, "typical_volume": 463355.0, "trend": 11.241721, "fair_value": 10.025961, "relative_strength": -2.300017, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.099873, "energy": 81.225929, "activity_lines": [ 11.866485, 11.646304, 11.495241, 11.410478 ] }, { "date": "2026-02-13", "close": 12.938652, "volume": 884200, "typical_volume": 506445.0, "trend": 11.321403, "fair_value": 10.051727, "relative_strength": 0.805429, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.537486, "energy": 94.157875, "activity_lines": [ 12.289659, 11.902788, 11.639369, 11.519958 ] }, { "date": "2026-02-20", "close": 12.889381, "volume": 376400, "typical_volume": 524425.0, "trend": 11.405166, "fair_value": 10.07813, "relative_strength": -1.620089, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.041619, "energy": 94.694495, "activity_lines": [ 12.569464, 12.124445, 11.772505, 11.621118 ] }, { "date": "2026-02-27", "close": 13.137166, "volume": 337700, "typical_volume": 538820.0, "trend": 11.490332, "fair_value": 10.104777, "relative_strength": -1.118481, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.158989, "energy": 94.722522, "activity_lines": [ 12.839929, 12.36334, 11.92495, 11.73286 ] }, { "date": "2026-03-06", "close": 13.285554, "volume": 364700, "typical_volume": 555945.0, "trend": 11.579964, "fair_value": 10.13557, "relative_strength": 3.84011, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.857091, "energy": 93.597657, "activity_lines": [ 13.056638, 12.593521, 12.082878, 11.84868 ] }, { "date": "2026-03-13", "close": 13.483402, "volume": 180100, "typical_volume": 563470.0, "trend": 11.667405, "fair_value": 10.170938, "relative_strength": 7.206503, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.183395, "energy": 93.26473, "activity_lines": [ 13.245876, 12.824658, 12.248956, 11.971483 ] }, { "date": "2026-03-20", "close": 13.503186, "volume": 363800, "typical_volume": 579240.0, "trend": 11.747838, "fair_value": 10.206152, "relative_strength": 11.582546, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.931923, "energy": 90.055276, "activity_lines": [ 13.364661, 13.023786, 12.405055, 12.08992 ] }, { "date": "2026-03-27", "close": 13.809852, "volume": 402800, "typical_volume": 597885.0, "trend": 11.841516, "fair_value": 10.241354, "relative_strength": 11.832795, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.507977, "energy": 85.180845, "activity_lines": [ 13.548032, 13.233786, 12.577773, 12.222953 ] }, { "date": "2026-04-03", "close": 13.671988, "volume": 927000, "typical_volume": 610605.0, "trend": 11.928351, "fair_value": 10.275445, "relative_strength": 7.01558, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.591164, "energy": 68.298476, "activity_lines": [ 13.624084, 13.376911, 12.723801, 12.341048 ] }, { "date": "2026-04-10", "close": 13.582628, "volume": 818000, "typical_volume": 562465.0, "trend": 12.006107, "fair_value": 10.307776, "relative_strength": 4.536017, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.248268, "energy": 65.884713, "activity_lines": [ 13.634695, 13.465914, 12.8508, 12.447776 ] }, { "date": "2026-04-17", "close": 12.902503, "volume": 841600, "typical_volume": 585915.0, "trend": 12.057019, "fair_value": 10.335804, "relative_strength": -2.328647, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.926491, "energy": 52.524286, "activity_lines": [ 13.398792, 13.400378, 12.902908, 12.505608 ] }, { "date": "2026-04-24", "close": 13.041508, "volume": 355400, "typical_volume": 590770.0, "trend": 12.104538, "fair_value": 10.364497, "relative_strength": 0.186578, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.488687, "energy": 39.265548, "activity_lines": [ 13.247951, 13.349665, 12.961698, 12.569123 ] }, { "date": "2026-05-01", "close": 13.765802, "volume": 659200, "typical_volume": 511120.0, "trend": 12.163782, "fair_value": 10.398002, "relative_strength": 5.881081, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.9211, "energy": 41.161815, "activity_lines": [ 13.36932, 13.428771, 13.082204, 12.676302 ] }, { "date": "2026-05-08", "close": 13.567162, "volume": 206500, "typical_volume": 509565.0, "trend": 12.23866, "fair_value": 10.429838, "relative_strength": 3.858628, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.726278, "energy": 35.652623, "activity_lines": [ 13.427412, 13.455826, 13.172333, 12.766842 ] }, { "date": "2026-05-15", "close": 14.600093, "volume": 161400, "typical_volume": 511015.0, "trend": 12.357323, "fair_value": 10.468183, "relative_strength": 12.410932, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 85.732275, "energy": 62.874279, "activity_lines": [ 13.836803, 13.662869, 13.349441, 12.919193 ] }, { "date": "2026-05-22", "close": 15.086762, "volume": 355600, "typical_volume": 518700.0, "trend": 12.49382, "fair_value": 10.510212, "relative_strength": 13.819278, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.747829, "energy": 91.960301, "activity_lines": [ 14.340585, 13.934496, 13.557468, 13.095286 ] }, { "date": "2026-05-29", "close": 14.271719, "volume": 266600, "typical_volume": 484870.0, "trend": 12.607539, "fair_value": 10.545491, "relative_strength": 6.683969, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.174685, "energy": 80.600394, "activity_lines": [ 14.42707, 14.028782, 13.670912, 13.209989 ] }, { "date": "2026-06-05", "close": 14.829832, "volume": 34300, "typical_volume": 455105.0, "trend": 12.73646, "fair_value": 10.584516, "relative_strength": 11.804253, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.984982, "energy": 85.555008, "activity_lines": [ 14.617578, 14.210569, 13.822093, 13.353363 ] }, { "date": "2026-06-12", "close": 15.019191, "volume": 16000, "typical_volume": 424390.0, "trend": 12.855002, "fair_value": 10.624982, "relative_strength": 11.341804, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.008752, "energy": 80.742727, "activity_lines": [ 14.80027, 14.40824, 13.975502, 13.500636 ] }, { "date": "2026-06-19", "close": 14.610573, "volume": 19400, "typical_volume": 408455.0, "trend": 12.960085, "fair_value": 10.664072, "relative_strength": 8.074322, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.307689, "energy": 56.975517, "activity_lines": [ 14.749955, 14.507123, 14.073659, 13.613898 ] }, { "date": "2026-06-26", "close": 14.960111, "volume": 36100, "typical_volume": 380340.0, "trend": 13.074566, "fair_value": 10.70295, "relative_strength": 10.415616, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.179718, "energy": 58.923728, "activity_lines": [ 14.815454, 14.650868, 14.192124, 13.742932 ] }, { "date": "2026-07-03", "close": 14.542258, "volume": 16100, "typical_volume": 336935.0, "trend": 13.175445, "fair_value": 10.739149, "relative_strength": 6.355254, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.305911, "energy": 50.778032, "activity_lines": [ 14.750111, 14.681228, 14.258258, 13.837622 ] }, { "date": "2026-07-10", "close": 14.751571, "volume": 201600, "typical_volume": 328195.0, "trend": 13.28851, "fair_value": 10.776062, "relative_strength": 7.517152, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.664548, "energy": 44.576915, "activity_lines": [ 14.736504, 14.722359, 14.33669, 13.939307 ] }, { "date": "2026-07-17", "close": 15.329673, "volume": 277400, "typical_volume": 325180.0, "trend": 13.427031, "fair_value": 10.814967, "relative_strength": 11.59384, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.388031, "energy": 54.851588, "activity_lines": [ 14.920815, 14.850676, 14.461312, 14.070995 ] }, { "date": "2026-07-24", "close": 15.568888, "volume": 118800, "typical_volume": 312885.0, "trend": 13.56734, "fair_value": 10.854891, "relative_strength": 12.648998, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.657816, "energy": 57.281326, "activity_lines": [ 15.164165, 14.990442, 14.598276, 14.20918 ] }, { "date": "2026-07-31", "close": 14.92, "volume": 237100, "typical_volume": 315735.0, "trend": 13.680503, "fair_value": 10.890941, "relative_strength": 8.222226, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.366527, "energy": 50.720308, "activity_lines": [ 15.127331, 14.994613, 14.662568, 14.296448 ] }, { "date": "2026-08-07", "close": 14.165, "volume": 444200, "typical_volume": 319755.0, "trend": 13.784855, "fair_value": 10.922665, "relative_strength": -0.55352, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.729222, "energy": 32.224725, "activity_lines": [ 14.841505, 14.864544, 14.648114, 14.327706 ] } ], "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." } } }