{ "ticker": { "uuid": "ded39028-2873-4d6c-bf74-e2d8d82ce78c", "symbol": "WCOE", "name": "WisdomTree Enhanced Commodity UCITS ETF - EUR Hedged Acc", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 57.664, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Re-acceleration watch", "architecture_gate": "up", "architecture_direction": 37.921, "architecture_energy": 34.661, "architecture_maturity": 41.767, "architecture_confidence": 46.471, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 39.96, "rotation_up": 63.65, "upward_expansion": 67.92, "deceleration": 64.95, "rotation_down": 9.33, "downward_expansion": 11.26 }, "activity_lines": [ 17.107734, 16.819709, 17.015162, 16.926426 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 17.120001, "trend_reference": 16.552267, "distance_from_trend": 0.034299, "trend_direction": "Improving", "fair_value": 13.188221, "distance_from_fair_value": 0.298128, "fair_value_direction": "Weakening", "relative_strength": -2.412521, "relative_strength_direction": "Weakening", "price_momentum": 0.16526, "excess_performance": -0.005632, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.034299, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.072033, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.298128, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.096932, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.024125, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.145824, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.16526, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.433358, "read": "Supply-led" } ], "volume": { "latest": 8782, "relative_activity": 0.646677, "balance": 0.433358, "dry_up": 1.380723, "accumulation_observations": 0, "distribution_observations": 4 }, "risk": { "range_context": 0.031407, "annualized_volatility": 0.187569, "from_high_reference": -0.098852, "from_low_reference": 0.379088 }, "levels": { "trend_reference": 16.552267, "fair_value_reference": 13.188221, "structural_low": 14.53, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 9, "median_return": 0.011853, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.002963, "regime_survival": 0.333333, "best_return": 0.053661, "worst_return": -0.037304, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.027587, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.004443, "regime_survival": 0.0, "best_return": 0.282167, "worst_return": -0.064577, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.023864, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.034209, "regime_survival": 0.5, "best_return": 0.122935, "worst_return": -0.072396, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.065274, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.112516, "regime_survival": 0.333333, "best_return": 0.220546, "worst_return": -0.114773, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-12-29", "end": "2024-03-29", "tenure": "Established", "return": 0.001673, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-04-05", "end": "2024-05-17", "tenure": "Developing", "return": 0.015499, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-06-14", "tenure": "New", "return": -0.027888, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-21", "end": "2024-07-19", "tenure": "Developing", "return": -0.010042, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-07-26", "end": "2024-09-13", "tenure": "Developing", "return": -0.002201, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-20", "end": "2024-09-27", "tenure": "New", "return": 0.021598, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-11-08", "tenure": "Developing", "return": -0.032829, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-15", "end": "2025-01-17", "tenure": "Developing", "return": 0.051976, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-24", "end": "2025-04-11", "tenure": "Developing", "return": -0.03321, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-18", "end": "2025-06-13", "tenure": "Developing", "return": 0.034682, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-20", "end": "2025-07-25", "tenure": "Developing", "return": -0.04166, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-01", "end": "2025-09-12", "tenure": "Developing", "return": 0.035234, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-19", "end": "2026-06-12", "tenure": "Extended", "return": 0.320799, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": 0.041489, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 12.284, "volume": 780, "typical_volume": 12898.75, "trend": 12.3136, "fair_value": 12.010218, "relative_strength": -11.882703, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.577915, "energy": 37.362842, "activity_lines": [ 12.388267, 12.3348, 12.223457, 12.242951 ] }, { "date": "2023-08-25", "close": 12.352, "volume": 498, "typical_volume": 12300.9, "trend": 12.292333, "fair_value": 12.032032, "relative_strength": -12.10365, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 12.958887, "energy": 14.204197, "activity_lines": [ 12.3632, 12.3484, 12.235952, 12.245428 ] }, { "date": "2023-09-01", "close": 12.566, "volume": 1944, "typical_volume": 11957.05, "trend": 12.2902, "fair_value": 12.054205, "relative_strength": -11.33247, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.997548, "energy": 24.719728, "activity_lines": [ 12.416933, 12.400145, 12.269886, 12.263084 ] }, { "date": "2023-09-08", "close": 12.514, "volume": 1207, "typical_volume": 11751.9, "trend": 12.284533, "fair_value": 12.077481, "relative_strength": -9.804092, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.147127, "energy": 26.378301, "activity_lines": [ 12.4552, 12.432909, 12.299419, 12.277523 ] }, { "date": "2023-09-15", "close": 12.676, "volume": 3125, "typical_volume": 11406.25, "trend": 12.288933, "fair_value": 12.101205, "relative_strength": -10.083854, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 74.087372, "energy": 67.747747, "activity_lines": [ 12.541467, 12.484618, 12.344267, 12.302778 ] }, { "date": "2023-09-22", "close": 12.676, "volume": 0, "typical_volume": 11384.65, "trend": 12.297333, "fair_value": 12.124929, "relative_strength": -8.459945, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.653285, "energy": 78.73156, "activity_lines": [ 12.607333, 12.524618, 12.387257, 12.327751 ] }, { "date": "2023-09-29", "close": 12.426, "volume": 210, "typical_volume": 10224.05, "trend": 12.292133, "fair_value": 12.148385, "relative_strength": -8.527822, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.885274, "energy": 65.932716, "activity_lines": [ 12.563733, 12.512618, 12.403667, 12.336052 ] }, { "date": "2023-10-06", "close": 11.944, "volume": 12508, "typical_volume": 10705.6, "trend": 12.278333, "fair_value": 12.167801, "relative_strength": -9.939632, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 7.316378, "energy": 7.401958, "activity_lines": [ 12.354533, 12.413673, 12.372152, 12.313591 ] }, { "date": "2023-10-13", "close": 12.332, "volume": 6969, "typical_volume": 10551.5, "trend": 12.2844, "fair_value": 12.188987, "relative_strength": -7.687883, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 25.996445, "energy": 21.909717, "activity_lines": [ 12.316133, 12.397091, 12.377895, 12.317054 ] }, { "date": "2023-10-20", "close": 12.572, "volume": 4591, "typical_volume": 10426.05, "trend": 12.296467, "fair_value": 12.211603, "relative_strength": -2.302848, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 42.593491, "energy": 29.614228, "activity_lines": [ 12.369867, 12.425818, 12.404276, 12.335609 ] }, { "date": "2023-10-27", "close": 12.302, "volume": 2081, "typical_volume": 9662.05, "trend": 12.292533, "fair_value": 12.233365, "relative_strength": -3.648883, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 17.798361, "energy": 20.484388, "activity_lines": [ 12.340533, 12.401782, 12.400533, 12.335966 ] }, { "date": "2023-11-03", "close": 12.424, "volume": 164, "typical_volume": 8579.5, "trend": 12.287533, "fair_value": 12.2555, "relative_strength": -6.820065, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 22.481322, "energy": 13.350694, "activity_lines": [ 12.3768, 12.3996, 12.406952, 12.344447 ] }, { "date": "2023-11-10", "close": 12.136, "volume": 7363, "typical_volume": 8159.65, "trend": 12.269333, "fair_value": 12.275788, "relative_strength": -7.935572, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": -3.659271, "energy": 4.949954, "activity_lines": [ 12.3172, 12.343745, 12.3854, 12.334671 ] }, { "date": "2023-11-17", "close": 12.072, "volume": 414, "typical_volume": 7836.5, "trend": 12.2554, "fair_value": 12.294558, "relative_strength": -11.032077, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -27.809257, "energy": 32.177071, "activity_lines": [ 12.223467, 12.284073, 12.357305, 12.32194 ] }, { "date": "2023-11-24", "close": 12.148, "volume": 596, "typical_volume": 4560.95, "trend": 12.2508, "fair_value": 12.313577, "relative_strength": -9.78705, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.175406, "energy": 39.06495, "activity_lines": [ 12.1724, 12.246255, 12.3358, 12.315011 ] }, { "date": "2023-12-01", "close": 12.174, "volume": 4730, "typical_volume": 4507.55, "trend": 12.253467, "fair_value": 12.333372, "relative_strength": -10.562124, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.528941, "energy": 41.260265, "activity_lines": [ 12.158267, 12.222764, 12.316219, 12.310056 ] }, { "date": "2023-12-08", "close": 11.674, "volume": 11502, "typical_volume": 4344.25, "trend": 12.242533, "fair_value": 12.349506, "relative_strength": -15.011445, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.450519, "energy": 66.205121, "activity_lines": [ 11.986, 12.117491, 12.249695, 12.272671 ] }, { "date": "2023-12-15", "close": 11.808, "volume": 920, "typical_volume": 3241.45, "trend": 12.235867, "fair_value": 12.365487, "relative_strength": -13.341625, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.693955, "energy": 62.52095, "activity_lines": [ 11.9084, 12.050255, 12.199695, 12.244637 ] }, { "date": "2023-12-22", "close": 11.834, "volume": 1054, "typical_volume": 3268.95, "trend": 12.2348, "fair_value": 12.380571, "relative_strength": -12.495889, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.637841, "energy": 69.782264, "activity_lines": [ 11.861333, 11.990218, 12.155914, 12.21871 ] }, { "date": "2023-12-29", "close": 11.954, "volume": 3600, "typical_volume": 3212.8, "trend": 12.245067, "fair_value": 12.397, "relative_strength": -11.009582, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.927275, "energy": 67.698792, "activity_lines": [ 11.870133, 11.961055, 12.126371, 12.200594 ] }, { "date": "2024-01-05", "close": 11.74, "volume": 1033, "typical_volume": 3225.45, "trend": 12.236533, "fair_value": 12.409603, "relative_strength": -12.420376, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.198739, "energy": 63.364182, "activity_lines": [ 11.820533, 11.904218, 12.078429, 12.168009 ] }, { "date": "2024-01-12", "close": 11.744, "volume": 6045, "typical_volume": 3502.8, "trend": 12.217667, "fair_value": 12.422365, "relative_strength": -12.042239, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.51672, "energy": 59.304528, "activity_lines": [ 11.8012, 11.858327, 12.033457, 12.136232 ] }, { "date": "2024-01-19", "close": 11.576, "volume": 1414, "typical_volume": 3476.3, "trend": 12.202133, "fair_value": 12.434558, "relative_strength": -12.29366, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.671895, "energy": 70.206913, "activity_lines": [ 11.7212, 11.794255, 11.975381, 12.094834 ] }, { "date": "2024-01-26", "close": 11.694, "volume": 2550, "typical_volume": 3543.45, "trend": 12.194067, "fair_value": 12.447385, "relative_strength": -11.259919, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.377282, "energy": 68.037888, "activity_lines": [ 11.696, 11.761818, 11.933257, 12.062052 ] }, { "date": "2024-02-02", "close": 11.56, "volume": 4547, "typical_volume": 3614.55, "trend": 12.178333, "fair_value": 12.458795, "relative_strength": -12.888421, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.88303, "energy": 68.041366, "activity_lines": [ 11.635467, 11.711891, 11.882276, 12.021144 ] }, { "date": "2024-02-09", "close": 11.558, "volume": 7693, "typical_volume": 3999.2, "trend": 12.153067, "fair_value": 12.468436, "relative_strength": -13.766357, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.320014, "energy": 73.819205, "activity_lines": [ 11.600533, 11.672291, 11.836419, 11.981123 ] }, { "date": "2024-02-16", "close": 11.46, "volume": 7890, "typical_volume": 4383.2, "trend": 12.1196, "fair_value": 12.476359, "relative_strength": -15.707165, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.822017, "energy": 72.48385, "activity_lines": [ 11.545067, 11.626073, 11.786552, 11.936409 ] }, { "date": "2024-02-23", "close": 11.472, "volume": 8034, "typical_volume": 4159.5, "trend": 12.0822, "fair_value": 12.484167, "relative_strength": -17.714601, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.2605, "energy": 71.239838, "activity_lines": [ 11.512533, 11.585927, 11.742429, 11.894628 ] }, { "date": "2024-03-01", "close": 11.556, "volume": 8952, "typical_volume": 4258.65, "trend": 12.053267, "fair_value": 12.492346, "relative_strength": -17.320718, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.143258, "energy": 58.847441, "activity_lines": [ 11.514933, 11.567164, 11.708552, 11.86068 ] }, { "date": "2024-03-08", "close": 11.644, "volume": 6470, "typical_volume": 4352.6, "trend": 12.029067, "fair_value": 12.500487, "relative_strength": -17.472894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.557582, "energy": 51.450246, "activity_lines": [ 11.555867, 11.569455, 11.686752, 11.834275 ] }, { "date": "2024-03-15", "close": 11.912, "volume": 48813, "typical_volume": 6689.2, "trend": 12.016667, "fair_value": 12.511615, "relative_strength": -16.428884, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.939118, "energy": 23.576279, "activity_lines": [ 11.680533, 11.626109, 11.694895, 11.826723 ] }, { "date": "2024-03-22", "close": 11.906, "volume": 30066, "typical_volume": 8184.3, "trend": 12.0018, "fair_value": 12.523026, "relative_strength": -16.978715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.021496, "energy": 22.232718, "activity_lines": [ 11.7796, 11.678545, 11.704324, 11.819583 ] }, { "date": "2024-03-29", "close": 11.974, "volume": 1518, "typical_volume": 7892.05, "trend": 11.982067, "fair_value": 12.535269, "relative_strength": -17.046486, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 10.195895, "energy": 28.848064, "activity_lines": [ 11.8716, 11.7404, 11.722695, 11.817789 ] }, { "date": "2024-04-05", "close": 12.388, "volume": 68808, "typical_volume": 11311.75, "trend": 11.977867, "fair_value": 12.549218, "relative_strength": -11.914763, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 54.411226, "energy": 56.824534, "activity_lines": [ 12.068133, 11.870291, 11.781267, 11.843978 ] }, { "date": "2024-04-12", "close": 12.492, "volume": 7308, "typical_volume": 11647.35, "trend": 11.971733, "fair_value": 12.56241, "relative_strength": -10.170247, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 55.871967, "energy": 82.680006, "activity_lines": [ 12.243867, 12.006473, 11.848238, 11.877148 ] }, { "date": "2024-04-19", "close": 12.38, "volume": 17520, "typical_volume": 12286.85, "trend": 11.961867, "fair_value": 12.573667, "relative_strength": -11.036381, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.742399, "energy": 78.567903, "activity_lines": [ 12.325733, 12.105345, 11.902905, 11.903488 ] }, { "date": "2024-04-26", "close": 12.374, "volume": 2175, "typical_volume": 11820.5, "trend": 11.960133, "fair_value": 12.584179, "relative_strength": -11.547681, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.314863, "energy": 79.009057, "activity_lines": [ 12.3744, 12.188182, 11.956019, 11.930077 ] }, { "date": "2024-05-03", "close": 12.144, "volume": 5819, "typical_volume": 12065.45, "trend": 11.9668, "fair_value": 12.590064, "relative_strength": -11.249907, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.070743, "energy": 73.078537, "activity_lines": [ 12.3152, 12.212582, 11.983895, 11.94194 ] }, { "date": "2024-05-10", "close": 12.298, "volume": 8782, "typical_volume": 12451.85, "trend": 11.965667, "fair_value": 12.598064, "relative_strength": -12.442623, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.891002, "energy": 47.385435, "activity_lines": [ 12.296, 12.252764, 12.024838, 11.963308 ] }, { "date": "2024-05-17", "close": 12.58, "volume": 15439, "typical_volume": 13043.8, "trend": 11.965933, "fair_value": 12.608769, "relative_strength": -11.974099, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 84.508596, "energy": 64.894401, "activity_lines": [ 12.3768, 12.330727, 12.090429, 12.002942 ] }, { "date": "2024-05-24", "close": 12.622, "volume": 1105, "typical_volume": 13047.4, "trend": 11.9766, "fair_value": 12.618167, "relative_strength": -9.015989, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.184724, "energy": 66.2765, "activity_lines": [ 12.465733, 12.399309, 12.157038, 12.045269 ] }, { "date": "2024-05-31", "close": 12.414, "volume": 5227, "typical_volume": 13006.5, "trend": 11.976267, "fair_value": 12.625192, "relative_strength": -10.215969, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.044949, "energy": 59.625519, "activity_lines": [ 12.4692, 12.417164, 12.199638, 12.073488 ] }, { "date": "2024-06-07", "close": 12.162, "volume": 2649, "typical_volume": 13068.25, "trend": 11.977133, "fair_value": 12.630115, "relative_strength": -12.082143, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.569854, "energy": 50.820286, "activity_lines": [ 12.386, 12.379964, 12.215048, 12.085471 ] }, { "date": "2024-06-14", "close": 12.27, "volume": 1248, "typical_volume": 13003.15, "trend": 11.983733, "fair_value": 12.638936, "relative_strength": -5.583082, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.806885, "energy": 36.741199, "activity_lines": [ 12.3376, 12.358982, 12.237952, 12.104366 ] }, { "date": "2024-06-21", "close": 12.348, "volume": 14223, "typical_volume": 13486.95, "trend": 11.9904, "fair_value": 12.647372, "relative_strength": -6.495214, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.89026, "energy": 24.467847, "activity_lines": [ 12.317067, 12.354327, 12.265543, 12.127867 ] }, { "date": "2024-06-28", "close": 12.246, "volume": 1646, "typical_volume": 13184.6, "trend": 11.9928, "fair_value": 12.653359, "relative_strength": -6.591982, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.810658, "energy": 25.205629, "activity_lines": [ 12.278, 12.333745, 12.279667, 12.144357 ] }, { "date": "2024-07-05", "close": 12.5, "volume": 8540, "typical_volume": 13217.1, "trend": 12.020333, "fair_value": 12.662103, "relative_strength": -6.697532, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.229781, "energy": 33.997312, "activity_lines": [ 12.348667, 12.361782, 12.314705, 12.17708 ] }, { "date": "2024-07-12", "close": 12.278, "volume": 7709, "typical_volume": 13200.85, "trend": 12.036, "fair_value": 12.668423, "relative_strength": -9.596966, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.716001, "energy": 27.126491, "activity_lines": [ 12.3396, 12.347164, 12.323648, 12.193703 ] }, { "date": "2024-07-19", "close": 12.224, "volume": 174, "typical_volume": 12761.95, "trend": 12.049, "fair_value": 12.674038, "relative_strength": -8.700517, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.669761, "energy": 18.35813, "activity_lines": [ 12.3048, 12.320291, 12.32361, 12.205832 ] }, { "date": "2024-07-26", "close": 11.812, "volume": 15682, "typical_volume": 13222.55, "trend": 12.044267, "fair_value": 12.676256, "relative_strength": -10.381925, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -16.15918, "energy": 19.380011, "activity_lines": [ 12.135733, 12.219855, 12.281152, 12.190542 ] }, { "date": "2024-08-02", "close": 11.692, "volume": 7149, "typical_volume": 11139.35, "trend": 12.042667, "fair_value": 12.678974, "relative_strength": -6.00282, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.185022, "energy": 60.860786, "activity_lines": [ 11.9624, 12.111564, 12.226467, 12.167815 ] }, { "date": "2024-08-09", "close": 11.714, "volume": 1034, "typical_volume": 9687.75, "trend": 12.041667, "fair_value": 12.681833, "relative_strength": -4.798911, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.242946, "energy": 71.909856, "activity_lines": [ 11.833333, 12.024182, 12.174924, 12.146611 ] }, { "date": "2024-08-16", "close": 11.768, "volume": 1011, "typical_volume": 9662.4, "trend": 12.048067, "fair_value": 12.687064, "relative_strength": -7.608216, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.058714, "energy": 71.83347, "activity_lines": [ 11.774667, 11.959345, 12.129438, 12.128955 ] }, { "date": "2024-08-23", "close": 11.894, "volume": 9, "typical_volume": 6222.45, "trend": 12.054733, "fair_value": 12.69041, "relative_strength": -7.921177, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.671341, "energy": 72.838939, "activity_lines": [ 11.792, 11.924582, 12.096933, 12.119015 ] }, { "date": "2024-08-30", "close": 11.876, "volume": 6301, "typical_volume": 6172.1, "trend": 12.065267, "fair_value": 12.692885, "relative_strength": -9.572618, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.234214, "energy": 63.090243, "activity_lines": [ 11.825333, 11.893382, 12.065067, 12.107484 ] }, { "date": "2024-09-06", "close": 11.74, "volume": 341, "typical_volume": 5313.15, "trend": 12.071333, "fair_value": 12.694769, "relative_strength": -7.28004, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.358035, "energy": 51.770524, "activity_lines": [ 11.809067, 11.846036, 12.023181, 12.086499 ] }, { "date": "2024-09-13", "close": 11.786, "volume": 12357, "typical_volume": 5822.25, "trend": 12.0822, "fair_value": 12.697179, "relative_strength": -7.274225, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.051322, "energy": 50.872623, "activity_lines": [ 11.804933, 11.816255, 11.988724, 12.06809 ] }, { "date": "2024-09-20", "close": 12.038, "volume": 5467, "typical_volume": 5804.65, "trend": 12.101067, "fair_value": 12.700179, "relative_strength": -5.417754, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.390611, "energy": 35.255144, "activity_lines": [ 11.88, 11.845273, 11.981067, 12.065239 ] }, { "date": "2024-09-27", "close": 12.298, "volume": 274, "typical_volume": 5379.25, "trend": 12.1258, "fair_value": 12.703897, "relative_strength": -5.646838, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.610387, "energy": 16.468918, "activity_lines": [ 12.023733, 11.925927, 11.998676, 12.077944 ] }, { "date": "2024-10-04", "close": 12.55, "volume": 2414, "typical_volume": 4728.0, "trend": 12.156, "fair_value": 12.707231, "relative_strength": -0.180191, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.411168, "energy": 43.669884, "activity_lines": [ 12.224533, 12.051055, 12.040286, 12.105312 ] }, { "date": "2024-10-11", "close": 12.478, "volume": 5699, "typical_volume": 4957.7, "trend": 12.174867, "fair_value": 12.708679, "relative_strength": -2.4523, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.972182, "energy": 49.866833, "activity_lines": [ 12.3564, 12.149673, 12.075181, 12.126086 ] }, { "date": "2024-10-18", "close": 12.134, "volume": 2961, "typical_volume": 4844.4, "trend": 12.182467, "fair_value": 12.708872, "relative_strength": -7.004845, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.197328, "energy": 40.250826, "activity_lines": [ 12.3244, 12.171455, 12.078, 12.123449 ] }, { "date": "2024-10-25", "close": 12.324, "volume": 7227, "typical_volume": 5073.3, "trend": 12.194133, "fair_value": 12.710474, "relative_strength": -3.905321, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.853387, "energy": 51.404412, "activity_lines": [ 12.332533, 12.220145, 12.100248, 12.132581 ] }, { "date": "2024-11-01", "close": 12.16, "volume": 10154, "typical_volume": 5518.6, "trend": 12.186533, "fair_value": 12.711205, "relative_strength": -4.499333, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.762024, "energy": 24.487323, "activity_lines": [ 12.266933, 12.228909, 12.106105, 12.130378 ] }, { "date": "2024-11-08", "close": 12.138, "volume": 18985, "typical_volume": 5756.7, "trend": 12.174733, "fair_value": 12.711, "relative_strength": -1.907309, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 0.730039, "energy": 6.84069, "activity_lines": [ 12.2032, 12.228836, 12.11039, 12.127247 ] }, { "date": "2024-11-15", "close": 11.89, "volume": 5127, "typical_volume": 5930.75, "trend": 12.1584, "fair_value": 12.709654, "relative_strength": -4.657162, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.804976, "energy": 21.811386, "activity_lines": [ 12.084267, 12.178909, 12.092057, 12.108877 ] }, { "date": "2024-11-22", "close": 12.142, "volume": 1016, "typical_volume": 5554.55, "trend": 12.150667, "fair_value": 12.711769, "relative_strength": -0.346382, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.949415, "energy": 17.364127, "activity_lines": [ 12.088533, 12.172073, 12.099419, 12.107819 ] }, { "date": "2024-11-29", "close": 12.096, "volume": 8951, "typical_volume": 5616.65, "trend": 12.149067, "fair_value": 12.715474, "relative_strength": -0.250079, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.832421, "energy": 16.208979, "activity_lines": [ 12.076933, 12.1504, 12.104105, 12.104292 ] }, { "date": "2024-12-06", "close": 12.018, "volume": 17233, "typical_volume": 6469.6, "trend": 12.139733, "fair_value": 12.718026, "relative_strength": -4.507813, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -29.673201, "energy": 21.472028, "activity_lines": [ 12.054533, 12.113491, 12.102229, 12.095837 ] }, { "date": "2024-12-13", "close": 12.1, "volume": 9516, "typical_volume": 6161.3, "trend": 12.123733, "fair_value": 12.721064, "relative_strength": -4.025573, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.517408, "energy": 15.900779, "activity_lines": [ 12.068933, 12.096582, 12.109143, 12.093273 ] }, { "date": "2024-12-20", "close": 11.864, "volume": 8475, "typical_volume": 6227.6, "trend": 12.098467, "fair_value": 12.721321, "relative_strength": -2.568052, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.039422, "energy": 28.7372, "activity_lines": [ 12.0072, 12.044945, 12.09221, 12.076516 ] }, { "date": "2024-12-27", "close": 11.97, "volume": 3589, "typical_volume": 6355.35, "trend": 12.083667, "fair_value": 12.721359, "relative_strength": -2.608558, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.095593, "energy": 24.22504, "activity_lines": [ 11.982533, 12.023745, 12.084552, 12.068228 ] }, { "date": "2025-01-03", "close": 12.032, "volume": 1625, "typical_volume": 6386.05, "trend": 12.079333, "fair_value": 12.720897, "relative_strength": -1.835726, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.132956, "energy": 23.063197, "activity_lines": [ 11.99, 12.0168, 12.081581, 12.064895 ] }, { "date": "2025-01-10", "close": 12.31, "volume": 13774, "typical_volume": 7074.3, "trend": 12.080667, "fair_value": 12.720936, "relative_strength": -2.139689, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.884306, "energy": 6.985222, "activity_lines": [ 12.0944, 12.065709, 12.103829, 12.079776 ] }, { "date": "2025-01-17", "close": 12.508, "volume": 5858, "typical_volume": 7052.15, "trend": 12.086, "fair_value": 12.720372, "relative_strength": -3.602071, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.955942, "energy": 51.522562, "activity_lines": [ 12.245333, 12.147891, 12.142952, 12.107346 ] }, { "date": "2025-01-24", "close": 12.466, "volume": 40329, "typical_volume": 9051.55, "trend": 12.093333, "fair_value": 12.719474, "relative_strength": -3.537527, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.857371, "energy": 68.218097, "activity_lines": [ 12.355067, 12.215709, 12.175067, 12.131862 ] }, { "date": "2025-01-31", "close": 12.404, "volume": 15493, "typical_volume": 9208.35, "trend": 12.090133, "fair_value": 12.716808, "relative_strength": -4.544169, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.892536, "energy": 70.161515, "activity_lines": [ 12.404, 12.261782, 12.197819, 12.151905 ] }, { "date": "2025-02-07", "close": 12.568, "volume": 17875, "typical_volume": 9828.75, "trend": 12.0998, "fair_value": 12.71441, "relative_strength": -4.64264, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.195186, "energy": 77.602304, "activity_lines": [ 12.478667, 12.332909, 12.233248, 12.182735 ] }, { "date": "2025-02-14", "close": 12.732, "volume": 5438, "typical_volume": 10086.95, "trend": 12.116733, "fair_value": 12.711615, "relative_strength": -5.611347, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.438825, "energy": 83.244645, "activity_lines": [ 12.572267, 12.425273, 12.281771, 12.223523 ] }, { "date": "2025-02-21", "close": 12.81, "volume": 3630, "typical_volume": 10147.75, "trend": 12.15, "fair_value": 12.709013, "relative_strength": -6.039538, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.868205, "energy": 86.480367, "activity_lines": [ 12.663733, 12.518836, 12.335657, 12.268249 ] }, { "date": "2025-02-28", "close": 12.536, "volume": 1435, "typical_volume": 9934.55, "trend": 12.178133, "fair_value": 12.694705, "relative_strength": -8.474099, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.220555, "energy": 73.255014, "activity_lines": [ 12.643733, 12.549673, 12.36221, 12.293153 ] }, { "date": "2025-03-07", "close": 12.48, "volume": 13221, "typical_volume": 10447.55, "trend": 12.203667, "fair_value": 12.682103, "relative_strength": -8.611554, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.661556, "energy": 50.25225, "activity_lines": [ 12.6004, 12.558109, 12.383152, 12.312628 ] }, { "date": "2025-03-14", "close": 12.58, "volume": 2557, "typical_volume": 10214.05, "trend": 12.230733, "fair_value": 12.671128, "relative_strength": -7.899244, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.750775, "energy": 42.745858, "activity_lines": [ 12.585333, 12.575455, 12.411971, 12.336908 ] }, { "date": "2025-03-21", "close": 12.652, "volume": 70414, "typical_volume": 13227.05, "trend": 12.256, "fair_value": 12.655231, "relative_strength": -8.163441, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.583037, "energy": 35.717006, "activity_lines": [ 12.593467, 12.595927, 12.446429, 12.364086 ] }, { "date": "2025-03-28", "close": 12.688, "volume": 84001, "typical_volume": 16477.85, "trend": 12.283067, "fair_value": 12.642949, "relative_strength": -7.109741, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.399456, "energy": 43.607789, "activity_lines": [ 12.618933, 12.616727, 12.481971, 12.391957 ] }, { "date": "2025-04-04", "close": 12.09, "volume": 22654, "typical_volume": 17354.2, "trend": 12.294733, "fair_value": 12.625615, "relative_strength": -0.957011, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 10.22673, "energy": 10.214398, "activity_lines": [ 12.4532, 12.525527, 12.457943, 12.379501 ] }, { "date": "2025-04-11", "close": 12.052, "volume": 4132, "typical_volume": 17510.0, "trend": 12.3036, "fair_value": 12.605, "relative_strength": 0.620296, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 0.376226, "energy": 14.951775, "activity_lines": [ 12.304533, 12.434255, 12.429343, 12.363841 ] }, { "date": "2025-04-18", "close": 12.456, "volume": 28343, "typical_volume": 18479.6, "trend": 12.317533, "fair_value": 12.588808, "relative_strength": -1.547729, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.908582, "energy": 19.950768, "activity_lines": [ 12.319067, 12.422836, 12.439648, 12.373673 ] }, { "date": "2025-04-25", "close": 12.458, "volume": 19176, "typical_volume": 18576.75, "trend": 12.322867, "fair_value": 12.572295, "relative_strength": -4.994632, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.765349, "energy": 21.005768, "activity_lines": [ 12.342533, 12.413818, 12.448429, 12.382735 ] }, { "date": "2025-05-02", "close": 12.288, "volume": 6197, "typical_volume": 18410.8, "trend": 12.314133, "fair_value": 12.554231, "relative_strength": -8.483995, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.310583, "energy": 14.283274, "activity_lines": [ 12.322267, 12.378873, 12.438924, 12.380486 ] }, { "date": "2025-05-09", "close": 12.464, "volume": 13593, "typical_volume": 18666.7, "trend": 12.313667, "fair_value": 12.539538, "relative_strength": -9.439838, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.611553, "energy": 13.718257, "activity_lines": [ 12.387333, 12.385418, 12.445286, 12.390155 ] }, { "date": "2025-05-16", "close": 12.362, "volume": 7399, "typical_volume": 18857.2, "trend": 12.321267, "fair_value": 12.522872, "relative_strength": -12.775818, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.362898, "energy": 11.861373, "activity_lines": [ 12.393467, 12.374727, 12.439076, 12.393273 ] }, { "date": "2025-05-23", "close": 12.554, "volume": 5320, "typical_volume": 19041.95, "trend": 12.328933, "fair_value": 12.505436, "relative_strength": -8.529184, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.5671, "energy": 18.468371, "activity_lines": [ 12.442933, 12.401091, 12.449286, 12.408288 ] }, { "date": "2025-05-30", "close": 12.264, "volume": 16219, "typical_volume": 19164.2, "trend": 12.3324, "fair_value": 12.485128, "relative_strength": -11.742898, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.509532, "energy": 9.559807, "activity_lines": [ 12.3892, 12.3752, 12.42939, 12.404099 ] }, { "date": "2025-06-06", "close": 12.638, "volume": 24267, "typical_volume": 20084.65, "trend": 12.349067, "fair_value": 12.465603, "relative_strength": -10.007181, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.548332, "energy": 20.413334, "activity_lines": [ 12.473067, 12.424364, 12.445333, 12.423815 ] }, { "date": "2025-06-13", "close": 12.888, "volume": 7445, "typical_volume": 18440.45, "trend": 12.382333, "fair_value": 12.452038, "relative_strength": -5.263422, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.068076, "energy": 50.587796, "activity_lines": [ 12.616933, 12.519891, 12.484467, 12.458585 ] }, { "date": "2025-06-20", "close": 13.154, "volume": 33624, "typical_volume": 19347.0, "trend": 12.416067, "fair_value": 12.444641, "relative_strength": -2.603165, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.215098, "energy": 71.291298, "activity_lines": [ 12.8212, 12.649273, 12.546924, 12.50837 ] }, { "date": "2025-06-27", "close": 12.57, "volume": 24385, "typical_volume": 19672.5, "trend": 12.431867, "fair_value": 12.436474, "relative_strength": -7.850809, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.887664, "energy": 58.696642, "activity_lines": [ 12.778, 12.652436, 12.55019, 12.518301 ] }, { "date": "2025-07-04", "close": 12.692, "volume": 17341, "typical_volume": 20267.65, "trend": 12.454333, "fair_value": 12.430705, "relative_strength": -6.425881, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.117642, "energy": 59.447081, "activity_lines": [ 12.7744, 12.675709, 12.565067, 12.535084 ] }, { "date": "2025-07-11", "close": 12.716, "volume": 14899, "typical_volume": 20831.1, "trend": 12.474867, "fair_value": 12.428013, "relative_strength": -7.118547, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.650295, "energy": 45.336241, "activity_lines": [ 12.750267, 12.699091, 12.582419, 12.551966 ] }, { "date": "2025-07-18", "close": 12.646, "volume": 37750, "typical_volume": 22646.85, "trend": 12.500933, "fair_value": 12.423256, "relative_strength": -7.940293, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.647197, "energy": 18.768252, "activity_lines": [ 12.6976, 12.701964, 12.593552, 12.563006 ] }, { "date": "2025-07-25", "close": 12.606, "volume": 7533, "typical_volume": 22362.45, "trend": 12.522133, "fair_value": 12.414628, "relative_strength": -8.95981, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.169043, "energy": 16.571317, "activity_lines": [ 12.647733, 12.694255, 12.600352, 12.569785 ] }, { "date": "2025-08-01", "close": 12.488, "volume": 1932, "typical_volume": 22331.2, "trend": 12.537333, "fair_value": 12.408346, "relative_strength": -7.770111, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.726411, "energy": 13.884885, "activity_lines": [ 12.595067, 12.660655, 12.595314, 12.567583 ] }, { "date": "2025-08-08", "close": 12.546, "volume": 2391, "typical_volume": 18930.05, "trend": 12.5452, "fair_value": 12.399577, "relative_strength": -10.743717, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.770729, "energy": 16.057519, "activity_lines": [ 12.5672, 12.6388, 12.596238, 12.568142 ] }, { "date": "2025-08-15", "close": 12.458, "volume": 1617, "typical_volume": 14810.85, "trend": 12.543533, "fair_value": 12.391051, "relative_strength": -13.193166, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.542015, "energy": 13.661985, "activity_lines": [ 12.519733, 12.595818, 12.589286, 12.562516 ] }, { "date": "2025-08-22", "close": 12.496, "volume": 430, "typical_volume": 13699.65, "trend": 12.544533, "fair_value": 12.380833, "relative_strength": -13.927761, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.532333, "energy": 17.233825, "activity_lines": [ 12.502133, 12.563018, 12.587048, 12.559449 ] }, { "date": "2025-08-29", "close": 12.72, "volume": 548, "typical_volume": 13520.45, "trend": 12.555067, "fair_value": 12.374962, "relative_strength": -9.843908, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.998554, "energy": 12.565131, "activity_lines": [ 12.5692, 12.578073, 12.60421, 12.57077 ] }, { "date": "2025-09-05", "close": 12.736, "volume": 15208, "typical_volume": 12863.7, "trend": 12.560667, "fair_value": 12.369949, "relative_strength": -8.209059, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.084728, "energy": 17.930561, "activity_lines": [ 12.634, 12.603927, 12.619714, 12.582443 ] }, { "date": "2025-09-12", "close": 12.928, "volume": 12016, "typical_volume": 12505.7, "trend": 12.5672, "fair_value": 12.364628, "relative_strength": -8.672688, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.970743, "energy": 56.009504, "activity_lines": [ 12.746267, 12.661673, 12.652171, 12.606142 ] }, { "date": "2025-09-19", "close": 12.818, "volume": 11308, "typical_volume": 12761.25, "trend": 12.567467, "fair_value": 12.363679, "relative_strength": -8.622884, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.298345, "energy": 60.548308, "activity_lines": [ 12.7964, 12.695127, 12.671914, 12.622323 ] }, { "date": "2025-09-26", "close": 13.162, "volume": 3030, "typical_volume": 12233.1, "trend": 12.588333, "fair_value": 12.365038, "relative_strength": -6.659084, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.289603, "energy": 85.091006, "activity_lines": [ 12.9372, 12.789273, 12.721895, 12.66068 ] }, { "date": "2025-10-03", "close": 13.112, "volume": 8919, "typical_volume": 12309.1, "trend": 12.6094, "fair_value": 12.362872, "relative_strength": -7.951962, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.208703, "energy": 87.176723, "activity_lines": [ 13.016933, 12.864945, 12.76379, 12.694465 ] }, { "date": "2025-10-10", "close": 13.008, "volume": 40061, "typical_volume": 14046.15, "trend": 12.623667, "fair_value": 12.361385, "relative_strength": -5.755129, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.829216, "energy": 79.458895, "activity_lines": [ 13.035867, 12.912509, 12.79221, 12.720181 ] }, { "date": "2025-10-17", "close": 13.166, "volume": 7061, "typical_volume": 13588.25, "trend": 12.6408, "fair_value": 12.362705, "relative_strength": -3.782301, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.083888, "energy": 81.942818, "activity_lines": [ 13.089333, 12.979345, 12.833514, 12.75517 ] }, { "date": "2025-10-24", "close": 13.2904, "volume": 2394, "typical_volume": 12494.6, "trend": 12.66088, "fair_value": 12.364208, "relative_strength": -4.306239, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.844617, "energy": 74.166897, "activity_lines": [ 13.1684, 13.057527, 12.882371, 12.79708 ] }, { "date": "2025-10-31", "close": 13.156, "volume": 4024, "typical_volume": 12323.55, "trend": 12.696413, "fair_value": 12.361144, "relative_strength": -6.530689, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.299333, "energy": 55.41118, "activity_lines": [ 13.171173, 13.096138, 12.915322, 12.829023 ] }, { "date": "2025-11-07", "close": 13.136, "volume": 2057, "typical_volume": 10745.2, "trend": 12.732547, "fair_value": 12.358079, "relative_strength": -5.820256, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.358725, "energy": 52.68872, "activity_lines": [ 13.16768, 13.119113, 12.945091, 12.857383 ] }, { "date": "2025-11-14", "close": 13.332, "volume": 5540, "typical_volume": 9802.95, "trend": 12.761747, "fair_value": 12.358503, "relative_strength": -6.507604, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.868315, "energy": 55.791736, "activity_lines": [ 13.22792, 13.17016, 12.993613, 12.896058 ] }, { "date": "2025-11-21", "close": 13.04, "volume": 13574, "typical_volume": 9614.6, "trend": 12.781147, "fair_value": 12.356349, "relative_strength": -5.378931, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.878547, "energy": 38.893718, "activity_lines": [ 13.169227, 13.15728, 13.010697, 12.914009 ] }, { "date": "2025-11-28", "close": 13.392, "volume": 4242, "typical_volume": 9081.75, "trend": 12.817947, "fair_value": 12.355733, "relative_strength": -4.079125, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.09233, "energy": 44.664041, "activity_lines": [ 13.236267, 13.206364, 13.059648, 12.953419 ] }, { "date": "2025-12-05", "close": 13.504, "volume": 17513, "typical_volume": 8069.9, "trend": 12.852613, "fair_value": 12.358003, "relative_strength": -3.244355, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.95805, "energy": 51.739067, "activity_lines": [ 13.333867, 13.265375, 13.116046, 12.997681 ] }, { "date": "2025-12-12", "close": 13.328, "volume": 11231, "typical_volume": 8254.8, "trend": 12.884813, "fair_value": 12.359323, "relative_strength": -4.451438, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.565546, "energy": 43.972423, "activity_lines": [ 13.3496, 13.286167, 13.151596, 13.028351 ] }, { "date": "2025-12-19", "close": 13.356, "volume": 25142, "typical_volume": 9415.3, "trend": 12.911547, "fair_value": 12.36099, "relative_strength": -6.61529, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.583787, "energy": 50.934863, "activity_lines": [ 13.361867, 13.308124, 13.186375, 13.05875 ] }, { "date": "2025-12-26", "close": 13.596, "volume": 17209, "typical_volume": 10156.2, "trend": 12.955947, "fair_value": 12.364708, "relative_strength": -4.35291, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.117538, "energy": 65.257205, "activity_lines": [ 13.452533, 13.367389, 13.239878, 13.102908 ] }, { "date": "2026-01-02", "close": 13.464, "volume": 14779, "typical_volume": 10814.3, "trend": 12.98348, "fair_value": 12.370195, "relative_strength": -6.567896, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.042419, "energy": 44.898951, "activity_lines": [ 13.462133, 13.394836, 13.27581, 13.135686 ] }, { "date": "2026-01-09", "close": 14.032, "volume": 10942, "typical_volume": 11339.9, "trend": 13.021613, "fair_value": 12.377746, "relative_strength": -3.103572, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.960563, "energy": 75.600903, "activity_lines": [ 13.656267, 13.5224, 13.361046, 13.203332 ] }, { "date": "2026-01-16", "close": 14.226, "volume": 16733, "typical_volume": 12149.15, "trend": 13.057347, "fair_value": 12.385541, "relative_strength": -1.733231, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.189656, "energy": 89.416678, "activity_lines": [ 13.879867, 13.669309, 13.457444, 13.281035 ] }, { "date": "2026-01-23", "close": 14.708, "volume": 17268, "typical_volume": 12252.15, "trend": 13.128613, "fair_value": 12.396554, "relative_strength": 3.892784, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.574899, "energy": 96.333595, "activity_lines": [ 14.204267, 13.884036, 13.592575, 13.387529 ] }, { "date": "2026-01-30", "close": 15.072, "volume": 54557, "typical_volume": 14379.2, "trend": 13.207947, "fair_value": 12.412208, "relative_strength": 4.896475, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.058748, "energy": 97.357119, "activity_lines": [ 14.559867, 14.139927, 13.752983, 13.512908 ] }, { "date": "2026-02-06", "close": 14.692, "volume": 32016, "typical_volume": 15414.6, "trend": 13.273813, "fair_value": 12.425079, "relative_strength": 1.588788, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.399241, "energy": 87.953314, "activity_lines": [ 14.6904, 14.289782, 13.86699, 13.608654 ] }, { "date": "2026-02-13", "close": 14.634, "volume": 9282, "typical_volume": 15727.2, "trend": 13.34008, "fair_value": 12.438477, "relative_strength": 2.263034, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.691852, "energy": 81.334932, "activity_lines": [ 14.719733, 14.405455, 13.96655, 13.696408 ] }, { "date": "2026-02-20", "close": 14.988, "volume": 5396, "typical_volume": 15551.05, "trend": 13.41948, "fair_value": 12.454913, "relative_strength": 2.456625, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.121779, "energy": 69.522313, "activity_lines": [ 14.826933, 14.564945, 14.092815, 13.802725 ] }, { "date": "2026-02-27", "close": 15.274, "volume": 7934, "typical_volume": 13944.7, "trend": 13.512347, "fair_value": 12.472169, "relative_strength": 2.786559, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.839921, "energy": 71.215149, "activity_lines": [ 14.978667, 14.746255, 14.237385, 13.922372 ] }, { "date": "2026-03-06", "close": 16.408001, "volume": 20991, "typical_volume": 14641.2, "trend": 13.64108, "fair_value": 12.498131, "relative_strength": 17.718427, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.054622, "energy": 82.978881, "activity_lines": [ 15.470667, 15.098873, 14.479164, 14.109188 ] }, { "date": "2026-03-13", "close": 16.962, "volume": 102062, "typical_volume": 19624.6, "trend": 13.791213, "fair_value": 12.528977, "relative_strength": 20.818267, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.092254, "energy": 95.178333, "activity_lines": [ 16.058267, 15.501091, 14.758267, 14.323441 ] }, { "date": "2026-03-20", "close": 16.874001, "volume": 10056, "typical_volume": 19926.2, "trend": 13.937147, "fair_value": 12.558874, "relative_strength": 23.808086, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.688854, "energy": 93.141677, "activity_lines": [ 16.465201, 15.823709, 15.011505, 14.52233 ] }, { "date": "2026-03-27", "close": 17.0, "volume": 11171, "typical_volume": 20381.9, "trend": 14.079813, "fair_value": 12.588233, "relative_strength": 22.708131, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.699702, "energy": 90.556035, "activity_lines": [ 16.7648, 16.117564, 15.259038, 14.719934 ] }, { "date": "2026-04-03", "close": 17.306, "volume": 11384, "typical_volume": 20674.1, "trend": 14.232147, "fair_value": 12.618567, "relative_strength": 18.550666, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.489948, "energy": 87.602058, "activity_lines": [ 17.032267, 16.416618, 15.517314, 14.928075 ] }, { "date": "2026-04-10", "close": 16.966, "volume": 14371, "typical_volume": 20713.95, "trend": 14.366747, "fair_value": 12.646028, "relative_strength": 11.363691, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.698679, "energy": 66.984525, "activity_lines": [ 17.050933, 16.606618, 15.724286, 15.104453 ] }, { "date": "2026-04-17", "close": 16.846001, "volume": 7424, "typical_volume": 20873.05, "trend": 14.501013, "fair_value": 12.673951, "relative_strength": 7.734569, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.341474, "energy": 64.314194, "activity_lines": [ 16.9924, 16.740364, 15.901134, 15.264404 ] }, { "date": "2026-04-24", "close": 17.618, "volume": 14585, "typical_volume": 20726.65, "trend": 14.649547, "fair_value": 12.708131, "relative_strength": 15.289246, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.46821, "energy": 67.694907, "activity_lines": [ 17.198934, 16.975309, 16.135057, 15.4655 ] }, { "date": "2026-05-01", "close": 18.048, "volume": 8080, "typical_volume": 20569.1, "trend": 14.81408, "fair_value": 12.746297, "relative_strength": 16.285838, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.881056, "energy": 68.967789, "activity_lines": [ 17.4992, 17.234182, 16.390343, 15.684755 ] }, { "date": "2026-05-08", "close": 17.834, "volume": 49213, "typical_volume": 21772.65, "trend": 14.974947, "fair_value": 12.783682, "relative_strength": 12.169886, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.05338, "energy": 64.720864, "activity_lines": [ 17.658267, 17.398509, 16.602772, 15.879589 ] }, { "date": "2026-05-15", "close": 18.094, "volume": 9568, "typical_volume": 21390.6, "trend": 15.139213, "fair_value": 12.822695, "relative_strength": 13.772023, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.69075, "energy": 65.811118, "activity_lines": [ 17.8688, 17.563564, 16.818638, 16.080818 ] }, { "date": "2026-05-22", "close": 17.941999, "volume": 21589, "typical_volume": 21731.1, "trend": 15.294267, "fair_value": 12.861644, "relative_strength": 11.622137, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.439297, "energy": 60.99952, "activity_lines": [ 17.953466, 17.670327, 16.99861, 16.261643 ] }, { "date": "2026-05-29", "close": 17.530001, "volume": 17654, "typical_volume": 22066.7, "trend": 15.440067, "fair_value": 12.899362, "relative_strength": 7.629424, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.900138, "energy": 52.747047, "activity_lines": [ 17.827733, 17.684364, 17.118019, 16.405884 ] }, { "date": "2026-06-05", "close": 17.431999, "volume": 20149, "typical_volume": 22237.5, "trend": 15.583267, "fair_value": 12.934208, "relative_strength": 7.095414, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.494079, "energy": 46.542228, "activity_lines": [ 17.6752, 17.668654, 17.211438, 16.534396 ] }, { "date": "2026-06-12", "close": 16.93, "volume": 2150, "typical_volume": 21481.6, "trend": 15.7032, "fair_value": 12.963823, "relative_strength": 0.759917, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.220469, "energy": 30.492345, "activity_lines": [ 17.3964, 17.553818, 17.241781, 16.621282 ] }, { "date": "2026-06-19", "close": 16.438, "volume": 116, "typical_volume": 18759.55, "trend": 15.816467, "fair_value": 12.992003, "relative_strength": -4.534515, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.234825, "energy": 22.153201, "activity_lines": [ 17.013867, 17.356364, 17.214686, 16.668688 ] }, { "date": "2026-06-26", "close": 15.868, "volume": 1410, "typical_volume": 17229.25, "trend": 15.899, "fair_value": 13.017208, "relative_strength": -4.95949, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.963719, "energy": 26.013195, "activity_lines": [ 16.551733, 17.064873, 17.1268, 16.672013 ] }, { "date": "2026-07-03", "close": 15.852, "volume": 0, "typical_volume": 16765.15, "trend": 15.977267, "fair_value": 13.041695, "relative_strength": -7.738621, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -15.85616, "energy": 35.63554, "activity_lines": [ 16.222533, 16.788254, 17.03179, 16.668981 ] }, { "date": "2026-07-10", "close": 16.388, "volume": 7738, "typical_volume": 16882.25, "trend": 16.079267, "fair_value": 13.067797, "relative_strength": -4.214502, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.190461, "energy": 32.494034, "activity_lines": [ 16.183867, 16.6412, 16.982029, 16.69548 ] }, { "date": "2026-07-17", "close": 16.976, "volume": 12985, "typical_volume": 17134.8, "trend": 16.199933, "fair_value": 13.096721, "relative_strength": 0.541919, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.803681, "energy": 23.749671, "activity_lines": [ 16.4108, 16.631236, 16.9816, 16.753333 ] }, { "date": "2026-07-24", "close": 17.492001, "volume": 7903, "typical_volume": 16480.4, "trend": 16.3298, "fair_value": 13.128118, "relative_strength": 3.585736, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.277075, "energy": 17.183904, "activity_lines": [ 16.806667, 16.730691, 17.02221, 16.836693 ] }, { "date": "2026-07-31", "close": 17.049999, "volume": 45332, "typical_volume": 13643.9, "trend": 16.449333, "fair_value": 13.157772, "relative_strength": 0.166642, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.383499, "energy": 25.748526, "activity_lines": [ 16.984933, 16.760727, 17.015562, 16.883157 ] }, { "date": "2026-08-07", "close": 17.120001, "volume": 8782, "typical_volume": 13580.2, "trend": 16.552267, "fair_value": 13.188221, "relative_strength": -2.412521, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 37.920626, "energy": 34.661015, "activity_lines": [ 17.107734, 16.819709, 17.015162, 16.926426 ] } ], "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." } } }