{ "ticker": { "uuid": "e34f4a72-e030-4f57-9bb2-a9145ad4a9a0", "symbol": "CEW", "name": "WISDOMTREE TRUST EMERGING CURRENCY STRATEGY FUND", "exchange": "NYSEARCA", "country": "US", "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": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 60.046, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 71.612, "architecture_energy": 61.285, "architecture_maturity": 14.42, "architecture_confidence": 75.153, "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": 37.84, "rotation_up": 65.57, "upward_expansion": 85.83, "deceleration": 45.53, "rotation_down": 12.31, "downward_expansion": 12.5 }, "activity_lines": [ 19.656533, 19.538327, 19.46753, 19.401868 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 19.92, "trend_reference": 19.335103, "distance_from_trend": 0.030251, "trend_direction": "Improving", "fair_value": 17.537856, "distance_from_fair_value": 0.135829, "fair_value_direction": "Improving", "relative_strength": -6.620524, "relative_strength_direction": "Improving", "price_momentum": 0.030784, "excess_performance": -0.094841, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.030251, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.012193, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.135829, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.001696, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.066205, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.002177, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.030784, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.368697, "read": "Demand-led" } ], "volume": { "latest": 27085, "relative_activity": 1.224618, "balance": 4.368697, "dry_up": 2.288535, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.0177, "annualized_volatility": 0.065947, "from_high_reference": -0.030893, "from_low_reference": 0.119101 }, "levels": { "trend_reference": 19.335103, "fair_value_reference": 17.537856, "structural_low": 17.8, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 14, "median_return": 0.007294, "positive_rate": 0.642857, "directional_follow_through": 0.642857, "median_excess_return": 0.008273, "regime_survival": 0.357143, "best_return": 0.029106, "worst_return": -0.033586, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.028024, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.014278, "regime_survival": 0.285714, "best_return": 0.03071, "worst_return": -0.035196, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.023599, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.118869, "regime_survival": 0.0, "best_return": 0.061704, "worst_return": -0.071131, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.059869, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.044257, "regime_survival": 0.0, "best_return": 0.116761, "worst_return": -0.094471, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-19", "end": "2024-05-17", "tenure": "Developing", "return": 0.029106, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-06-14", "tenure": "New", "return": -0.020138, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-21", "end": "2024-08-02", "tenure": "Developing", "return": 0.015509, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-09", "end": "2024-11-08", "tenure": "Established", "return": 0.003027, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-15", "end": "2024-11-29", "tenure": "New", "return": 0.004721, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-06", "end": "2025-01-17", "tenure": "Developing", "return": -0.009906, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-24", "end": "2025-01-31", "tenure": "New", "return": -0.008949, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-02-14", "tenure": "New", "return": 0.012658, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-21", "end": "2025-03-28", "tenure": "Developing", "return": -0.004743, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": 0.013188, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-04-25", "tenure": "New", "return": 0.008148, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-02", "end": "2026-03-13", "tenure": "Extended", "return": 0.068637, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-06-26", "tenure": "Established", "return": 0.023683, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": 0.02999, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 15.868481, "volume": 64860, "typical_volume": 24501.7, "trend": 15.884344, "fair_value": 15.735824, "relative_strength": -5.2291, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.272977, "energy": 12.702959, "activity_lines": [ 16.030138, 16.086641, 16.047678, 15.981164 ] }, { "date": "2023-08-25", "close": 16.024715, "volume": 1868, "typical_volume": 19994.2, "trend": 15.890913, "fair_value": 15.737725, "relative_strength": -5.01301, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 23.662822, "energy": 21.557514, "activity_lines": [ 16.002104, 16.07284, 16.04956, 15.99022 ] }, { "date": "2023-09-01", "close": 16.009192, "volume": 9694, "typical_volume": 19308.45, "trend": 15.899689, "fair_value": 15.739619, "relative_strength": -7.339797, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.435821, "energy": 20.889032, "activity_lines": [ 15.984808, 16.058892, 16.049024, 15.997851 ] }, { "date": "2023-09-08", "close": 15.822637, "volume": 1972, "typical_volume": 19202.1, "trend": 15.906482, "fair_value": 15.740487, "relative_strength": -7.183067, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -6.681706, "energy": 18.15534, "activity_lines": [ 15.929232, 16.011012, 16.030698, 15.99288 ] }, { "date": "2023-09-15", "close": 15.952181, "volume": 2305, "typical_volume": 15428.7, "trend": 15.920323, "fair_value": 15.741607, "relative_strength": -6.182316, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.188867, "energy": 13.585432, "activity_lines": [ 15.933129, 15.989996, 16.025058, 15.995828 ] }, { "date": "2023-09-22", "close": 15.950184, "volume": 3255, "typical_volume": 14546.5, "trend": 15.937118, "fair_value": 15.745007, "relative_strength": -3.242831, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.128854, "energy": 14.613566, "activity_lines": [ 15.938044, 15.969405, 16.018924, 15.997755 ] }, { "date": "2023-09-29", "close": 15.795857, "volume": 10334, "typical_volume": 13912.95, "trend": 15.942716, "fair_value": 15.746826, "relative_strength": -3.340345, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.99143, "energy": 36.064835, "activity_lines": [ 15.886069, 15.926779, 15.99839, 15.988641 ] }, { "date": "2023-10-06", "close": 15.628366, "volume": 8001, "typical_volume": 13986.5, "trend": 15.945303, "fair_value": 15.746419, "relative_strength": -4.638893, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.204598, "energy": 53.649914, "activity_lines": [ 15.793521, 15.862201, 15.962308, 15.968361 ] }, { "date": "2023-10-13", "close": 15.682381, "volume": 2661, "typical_volume": 13669.05, "trend": 15.950901, "fair_value": 15.747159, "relative_strength": -4.540333, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.620407, "energy": 61.062885, "activity_lines": [ 15.744366, 15.820887, 15.932449, 15.951398 ] }, { "date": "2023-10-20", "close": 15.700537, "volume": 4309, "typical_volume": 13239.45, "trend": 15.951579, "fair_value": 15.747043, "relative_strength": -2.009216, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.96913, "energy": 72.317541, "activity_lines": [ 15.710614, 15.789869, 15.904902, 15.935245 ] }, { "date": "2023-10-27", "close": 15.813196, "volume": 2071, "typical_volume": 13027.45, "trend": 15.949282, "fair_value": 15.748768, "relative_strength": 1.175514, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.632091, "energy": 63.736043, "activity_lines": [ 15.731191, 15.784367, 15.889038, 15.926317 ] }, { "date": "2023-11-03", "close": 16.15898, "volume": 3087, "typical_volume": 12188.75, "trend": 15.960327, "fair_value": 15.750095, "relative_strength": -2.220687, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.54607, "energy": 10.917433, "activity_lines": [ 15.876162, 15.842741, 15.907105, 15.939846 ] }, { "date": "2023-11-10", "close": 16.068199, "volume": 11614, "typical_volume": 12661.55, "trend": 15.962455, "fair_value": 15.749812, "relative_strength": -3.997527, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.04741, "energy": 17.293174, "activity_lines": [ 15.966664, 15.882168, 15.916588, 15.946806 ] }, { "date": "2023-11-17", "close": 16.29969, "volume": 4133, "typical_volume": 10617.4, "trend": 15.97592, "fair_value": 15.750525, "relative_strength": -4.729047, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.380226, "energy": 40.602038, "activity_lines": [ 16.105008, 15.962611, 15.947833, 15.968563 ] }, { "date": "2023-11-24", "close": 16.304229, "volume": 5241, "typical_volume": 9645.5, "trend": 15.989783, "fair_value": 15.750861, "relative_strength": -5.561778, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.851951, "energy": 52.097265, "activity_lines": [ 16.203711, 16.035206, 15.978106, 15.989744 ] }, { "date": "2023-12-01", "close": 16.45783, "volume": 4155, "typical_volume": 9468.3, "trend": 16.004616, "fair_value": 15.750631, "relative_strength": -5.36591, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.578484, "energy": 84.915768, "activity_lines": [ 16.313368, 16.129328, 16.021538, 16.019941 ] }, { "date": "2023-12-08", "close": 16.34962, "volume": 330897, "typical_volume": 25635.45, "trend": 16.020255, "fair_value": 15.749597, "relative_strength": -6.036314, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.489372, "energy": 80.999401, "activity_lines": [ 16.343979, 16.194545, 16.053824, 16.042199 ] }, { "date": "2023-12-15", "close": 16.504492, "volume": 758238, "typical_volume": 63308.55, "trend": 16.041909, "fair_value": 15.74878, "relative_strength": -7.140622, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.785912, "energy": 84.625219, "activity_lines": [ 16.413505, 16.277852, 16.10045, 16.07344 ] }, { "date": "2023-12-22", "close": 16.562954, "volume": 68300, "typical_volume": 66080.5, "trend": 16.067173, "fair_value": 15.748729, "relative_strength": -7.400429, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.788745, "energy": 84.263873, "activity_lines": [ 16.473432, 16.355859, 16.151992, 16.107056 ] }, { "date": "2023-12-29", "close": 16.674084, "volume": 12858, "typical_volume": 65492.65, "trend": 16.092959, "fair_value": 15.7489, "relative_strength": -6.843318, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.595726, "energy": 87.077815, "activity_lines": [ 16.552852, 16.438061, 16.211756, 16.146211 ] }, { "date": "2024-01-05", "close": 16.553694, "volume": 13348, "typical_volume": 62917.05, "trend": 16.11064, "fair_value": 15.749004, "relative_strength": -5.816586, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.850823, "energy": 79.045278, "activity_lines": [ 16.567485, 16.480673, 16.256738, 16.175936 ] }, { "date": "2024-01-12", "close": 16.483126, "volume": 665023, "typical_volume": 96074.8, "trend": 16.121018, "fair_value": 15.748927, "relative_strength": -7.681373, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.426528, "energy": 64.956353, "activity_lines": [ 16.552204, 16.496991, 16.291735, 16.199968 ] }, { "date": "2024-01-19", "close": 16.373108, "volume": 86354, "typical_volume": 99907.8, "trend": 16.13317, "fair_value": 15.748203, "relative_strength": -9.088109, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.267475, "energy": 46.877084, "activity_lines": [ 16.49135, 16.487412, 16.314072, 16.216231 ] }, { "date": "2024-01-26", "close": 16.368477, "volume": 3151, "typical_volume": 99966.75, "trend": 16.145297, "fair_value": 15.747831, "relative_strength": -9.762139, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.258489, "energy": 30.574382, "activity_lines": [ 16.437711, 16.471447, 16.334235, 16.231413 ] }, { "date": "2024-02-02", "close": 16.289761, "volume": 12241, "typical_volume": 100463.55, "trend": 16.155103, "fair_value": 15.746297, "relative_strength": -11.189793, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.831961, "energy": 25.364844, "activity_lines": [ 16.370799, 16.43992, 16.344302, 16.240733 ] }, { "date": "2024-02-09", "close": 16.303652, "volume": 4465, "typical_volume": 100524.05, "trend": 16.15584, "fair_value": 15.743713, "relative_strength": -12.040098, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.788413, "energy": 25.979484, "activity_lines": [ 16.334138, 16.411181, 16.354084, 16.250317 ] }, { "date": "2024-02-16", "close": 16.340695, "volume": 2948, "typical_volume": 100154.75, "trend": 16.158418, "fair_value": 15.741886, "relative_strength": -11.264167, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.277624, "energy": 23.980751, "activity_lines": [ 16.326495, 16.391981, 16.365711, 16.262243 ] }, { "date": "2024-02-23", "close": 16.312913, "volume": 1365, "typical_volume": 99822.95, "trend": 16.156589, "fair_value": 15.742003, "relative_strength": -12.530157, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.212965, "energy": 18.045937, "activity_lines": [ 16.319087, 16.367892, 16.372098, 16.27221 ] }, { "date": "2024-03-01", "close": 16.386999, "volume": 9438, "typical_volume": 100161.8, "trend": 16.167255, "fair_value": 15.74336, "relative_strength": -12.655484, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.310841, "energy": 14.061159, "activity_lines": [ 16.340386, 16.360756, 16.38228, 16.287075 ] }, { "date": "2024-03-08", "close": 16.51202, "volume": 26630, "typical_volume": 101277.85, "trend": 16.185075, "fair_value": 15.744471, "relative_strength": -11.392054, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.234954, "energy": 30.185877, "activity_lines": [ 16.402125, 16.37955, 16.401014, 16.309318 ] }, { "date": "2024-03-15", "close": 16.529338, "volume": 3335, "typical_volume": 101341.05, "trend": 16.207104, "fair_value": 15.745154, "relative_strength": -10.87542, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 55.083985, "energy": 42.066326, "activity_lines": [ 16.454819, 16.40444, 16.417534, 16.331529 ] }, { "date": "2024-03-22", "close": 16.39626, "volume": 3736, "typical_volume": 101373.5, "trend": 16.219488, "fair_value": 15.747184, "relative_strength": -13.121791, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.860986, "energy": 39.113107, "activity_lines": [ 16.448108, 16.405576, 16.417969, 16.343732 ] }, { "date": "2024-03-29", "close": 16.433303, "volume": 3734, "typical_volume": 100979.5, "trend": 16.233625, "fair_value": 15.748992, "relative_strength": -12.86759, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.061691, "energy": 38.014735, "activity_lines": [ 16.450041, 16.415027, 16.420802, 16.357527 ] }, { "date": "2024-04-05", "close": 16.549063, "volume": 9926, "typical_volume": 101269.15, "trend": 16.25784, "fair_value": 15.751445, "relative_strength": -11.121368, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.851414, "energy": 50.134157, "activity_lines": [ 16.482534, 16.444431, 16.432921, 16.377878 ] }, { "date": "2024-04-12", "close": 16.377738, "volume": 5467, "typical_volume": 101280.45, "trend": 16.272025, "fair_value": 15.751703, "relative_strength": -10.385712, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.975156, "energy": 23.742949, "activity_lines": [ 16.447114, 16.439402, 16.427536, 16.385613 ] }, { "date": "2024-04-19", "close": 16.328471, "volume": 8207, "typical_volume": 101483.05, "trend": 16.284634, "fair_value": 15.751789, "relative_strength": -7.518575, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.514236, "energy": 9.798008, "activity_lines": [ 16.404224, 16.423815, 16.417109, 16.389255 ] }, { "date": "2024-04-26", "close": 16.382369, "volume": 2110, "typical_volume": 85043.7, "trend": 16.304185, "fair_value": 15.752248, "relative_strength": -9.285636, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.919385, "energy": 10.755748, "activity_lines": [ 16.392691, 16.417577, 16.412431, 16.39556 ] }, { "date": "2024-05-03", "close": 16.553694, "volume": 4760, "typical_volume": 47369.8, "trend": 16.335029, "fair_value": 15.752104, "relative_strength": -8.53385, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.661669, "energy": 19.142168, "activity_lines": [ 16.439193, 16.441731, 16.423913, 16.411658 ] }, { "date": "2024-05-10", "close": 16.567585, "volume": 3063, "typical_volume": 44107.95, "trend": 16.364536, "fair_value": 15.752569, "relative_strength": -9.776018, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.884909, "energy": 30.798463, "activity_lines": [ 16.482299, 16.464032, 16.436485, 16.426661 ] }, { "date": "2024-05-17", "close": 16.803735, "volume": 2886, "typical_volume": 43609.35, "trend": 16.401309, "fair_value": 15.754749, "relative_strength": -9.648546, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 79.369922, "energy": 73.710791, "activity_lines": [ 16.602887, 16.525987, 16.471524, 16.454997 ] }, { "date": "2024-05-24", "close": 16.702515, "volume": 7856, "typical_volume": 43334.75, "trend": 16.430953, "fair_value": 15.755675, "relative_strength": -9.863941, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.796825, "energy": 75.227801, "activity_lines": [ 16.661335, 16.564234, 16.496307, 16.474429 ] }, { "date": "2024-05-31", "close": 16.590737, "volume": 6488, "typical_volume": 10408.0, "trend": 16.445345, "fair_value": 15.754989, "relative_strength": -9.806512, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.620372, "energy": 68.36455, "activity_lines": [ 16.657588, 16.579009, 16.509735, 16.484738 ] }, { "date": "2024-06-07", "close": 16.454233, "volume": 1704, "typical_volume": 6175.5, "trend": 16.458213, "fair_value": 15.753504, "relative_strength": -11.318482, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.533491, "energy": 49.036584, "activity_lines": [ 16.594448, 16.56543, 16.50965, 16.485311 ] }, { "date": "2024-06-14", "close": 16.366162, "volume": 609, "typical_volume": 6048.4, "trend": 16.460429, "fair_value": 15.753775, "relative_strength": -12.878689, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 15.592951, "energy": 10.053949, "activity_lines": [ 16.508581, 16.535457, 16.500792, 16.479373 ] }, { "date": "2024-06-21", "close": 16.396723, "volume": 2941, "typical_volume": 5583.4, "trend": 16.463512, "fair_value": 15.75337, "relative_strength": -12.918498, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.320237, "energy": 18.141263, "activity_lines": [ 16.44633, 16.514366, 16.494854, 16.475263 ] }, { "date": "2024-06-28", "close": 16.412096, "volume": 7747, "typical_volume": 5747.5, "trend": 16.461987, "fair_value": 15.753533, "relative_strength": -12.476179, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.71351, "energy": 21.501844, "activity_lines": [ 16.416337, 16.495724, 16.489872, 16.471945 ] }, { "date": "2024-07-05", "close": 16.535172, "volume": 1431, "typical_volume": 5671.65, "trend": 16.468172, "fair_value": 15.755637, "relative_strength": -13.128618, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 3.920646, "energy": 15.036342, "activity_lines": [ 16.446731, 16.49794, 16.496095, 16.476667 ] }, { "date": "2024-07-12", "close": 16.751041, "volume": 4242, "typical_volume": 5815.5, "trend": 16.476391, "fair_value": 15.758981, "relative_strength": -12.500109, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.318515, "energy": 31.234114, "activity_lines": [ 16.552786, 16.536627, 16.521951, 16.494917 ] }, { "date": "2024-07-19", "close": 16.558509, "volume": 5073, "typical_volume": 5597.25, "trend": 16.476242, "fair_value": 15.761616, "relative_strength": -11.458428, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.20024, "energy": 31.756575, "activity_lines": [ 16.574876, 16.536719, 16.527384, 16.500215 ] }, { "date": "2024-07-26", "close": 16.581476, "volume": 3163, "typical_volume": 4423.9, "trend": 16.473156, "fair_value": 15.763987, "relative_strength": -10.297388, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.769428, "energy": 37.673622, "activity_lines": [ 16.591799, 16.541153, 16.534187, 16.507004 ] }, { "date": "2024-08-02", "close": 16.651025, "volume": 7026, "typical_volume": 4608.45, "trend": 16.4764, "fair_value": 15.767787, "relative_strength": -7.697618, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.546813, "energy": 54.125527, "activity_lines": [ 16.619587, 16.562272, 16.547284, 16.518479 ] }, { "date": "2024-08-09", "close": 16.766692, "volume": 1267, "typical_volume": 4485.0, "trend": 16.485852, "fair_value": 15.77167, "relative_strength": -6.812818, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.404588, "energy": 59.134377, "activity_lines": [ 16.670003, 16.605359, 16.570817, 16.537208 ] }, { "date": "2024-08-16", "close": 16.9658, "volume": 4028, "typical_volume": 4499.7, "trend": 16.505608, "fair_value": 15.777776, "relative_strength": -9.008559, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.490744, "energy": 78.378519, "activity_lines": [ 16.771354, 16.681447, 16.611549, 16.568172 ] }, { "date": "2024-08-23", "close": 17.132494, "volume": 5669, "typical_volume": 4286.85, "trend": 16.531076, "fair_value": 15.78342, "relative_strength": -9.05709, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.746227, "energy": 89.613693, "activity_lines": [ 16.913951, 16.778543, 16.66562, 16.608616 ] }, { "date": "2024-08-30", "close": 16.967652, "volume": 13853, "typical_volume": 4706.15, "trend": 16.553672, "fair_value": 15.786922, "relative_strength": -9.875705, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.542036, "energy": 83.644778, "activity_lines": [ 16.963336, 16.831733, 16.701214, 16.636783 ] }, { "date": "2024-09-06", "close": 16.979691, "volume": 27191, "typical_volume": 5655.35, "trend": 16.576207, "fair_value": 15.791241, "relative_strength": -5.67018, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.874129, "energy": 82.752225, "activity_lines": [ 16.990989, 16.876733, 16.735146, 16.664268 ] }, { "date": "2024-09-13", "close": 17.142681, "volume": 10564, "typical_volume": 6078.05, "trend": 16.60294, "fair_value": 15.797325, "relative_strength": -8.122942, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.810481, "energy": 82.919712, "activity_lines": [ 17.051061, 16.941046, 16.781499, 16.700814 ] }, { "date": "2024-09-20", "close": 17.232233, "volume": 49826, "typical_volume": 8331.35, "trend": 16.633584, "fair_value": 15.804533, "relative_strength": -8.554842, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.382462, "energy": 69.332494, "activity_lines": [ 17.115917, 17.010597, 16.832761, 16.741414 ] }, { "date": "2024-09-27", "close": 17.377905, "volume": 5756, "typical_volume": 8466.0, "trend": 16.666614, "fair_value": 15.812692, "relative_strength": -7.925368, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.143082, "energy": 76.561427, "activity_lines": [ 17.211569, 17.097884, 16.894665, 16.789435 ] }, { "date": "2024-10-04", "close": 17.303819, "volume": 91470, "typical_volume": 12895.2, "trend": 16.693007, "fair_value": 15.821111, "relative_strength": -8.202585, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.242304, "energy": 74.881338, "activity_lines": [ 17.266164, 17.156803, 16.945655, 16.830545 ] }, { "date": "2024-10-11", "close": 17.132494, "volume": 110946, "typical_volume": 18049.7, "trend": 16.713112, "fair_value": 15.827607, "relative_strength": -9.762643, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.159909, "energy": 58.430902, "activity_lines": [ 17.241241, 17.171438, 16.977946, 16.858899 ] }, { "date": "2024-10-18", "close": 17.049147, "volume": 3765, "typical_volume": 17913.55, "trend": 16.734875, "fair_value": 15.833866, "relative_strength": -10.518521, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.618364, "energy": 40.783362, "activity_lines": [ 17.178347, 17.162166, 17.000252, 16.880578 ] }, { "date": "2024-10-25", "close": 16.924126, "volume": 1241, "typical_volume": 17890.4, "trend": 16.751236, "fair_value": 15.839792, "relative_strength": -9.8018, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.222895, "energy": 23.501262, "activity_lines": [ 17.080016, 17.125027, 17.008469, 16.892788 ] }, { "date": "2024-11-01", "close": 16.821979, "volume": 4356, "typical_volume": 18077.75, "trend": 16.760333, "fair_value": 15.844918, "relative_strength": -8.644578, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.40287, "energy": 19.318854, "activity_lines": [ 16.968176, 17.070073, 17.00472, 16.897352 ] }, { "date": "2024-11-08", "close": 16.817441, "volume": 4605, "typical_volume": 18160.95, "trend": 16.77499, "fair_value": 15.850227, "relative_strength": -12.351913, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 15.581173, "energy": 18.997406, "activity_lines": [ 16.891886, 17.01994, 16.998368, 16.901037 ] }, { "date": "2024-11-15", "close": 16.674084, "volume": 4992, "typical_volume": 18023.2, "trend": 16.78651, "fair_value": 15.856524, "relative_strength": -10.815978, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -5.121591, "energy": 19.77281, "activity_lines": [ 16.800235, 16.946473, 16.976359, 16.894527 ] }, { "date": "2024-11-22", "close": 16.674084, "volume": 4502, "typical_volume": 18176.75, "trend": 16.796234, "fair_value": 15.864574, "relative_strength": -11.83699, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.534237, "energy": 27.286062, "activity_lines": [ 16.739144, 16.878563, 16.953103, 16.887273 ] }, { "date": "2024-11-29", "close": 16.752801, "volume": 3058, "typical_volume": 18117.55, "trend": 16.802871, "fair_value": 15.873212, "relative_strength": -12.001136, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.285168, "energy": 29.832507, "activity_lines": [ 16.729297, 16.833484, 16.936682, 16.884471 ] }, { "date": "2024-12-06", "close": 16.780583, "volume": 4042, "typical_volume": 18066.0, "trend": 16.809971, "fair_value": 15.881461, "relative_strength": -12.168911, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.626683, "energy": 30.178137, "activity_lines": [ 16.740132, 16.802174, 16.922899, 16.883033 ] }, { "date": "2024-12-13", "close": 16.752801, "volume": 3559, "typical_volume": 18085.8, "trend": 16.808273, "fair_value": 15.890503, "relative_strength": -11.370456, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.228489, "energy": 18.178314, "activity_lines": [ 16.744466, 16.776674, 16.905412, 16.879345 ] }, { "date": "2024-12-20", "close": 16.655562, "volume": 6253, "typical_volume": 18047.15, "trend": 16.806708, "fair_value": 15.896808, "relative_strength": -9.836603, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.01062, "energy": 17.912791, "activity_lines": [ 16.720697, 16.743511, 16.877849, 16.869492 ] }, { "date": "2024-12-27", "close": 16.609477, "volume": 2248, "typical_volume": 18096.2, "trend": 16.807333, "fair_value": 15.903629, "relative_strength": -10.248747, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.136143, "energy": 23.661868, "activity_lines": [ 16.6828, 16.710642, 16.845875, 16.856768 ] }, { "date": "2025-01-03", "close": 16.546044, "volume": 5940, "typical_volume": 18191.8, "trend": 16.810393, "fair_value": 15.910104, "relative_strength": -9.689376, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.027306, "energy": 34.910553, "activity_lines": [ 16.628067, 16.674233, 16.808609, 16.839911 ] }, { "date": "2025-01-10", "close": 16.521647, "volume": 1528, "typical_volume": 17984.75, "trend": 16.815576, "fair_value": 15.915585, "relative_strength": -7.665872, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.426778, "energy": 45.287861, "activity_lines": [ 16.578984, 16.640262, 16.771017, 16.821282 ] }, { "date": "2025-01-17", "close": 16.614356, "volume": 2149, "typical_volume": 17399.55, "trend": 16.82283, "fair_value": 15.921285, "relative_strength": -9.431915, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.142589, "energy": 67.923405, "activity_lines": [ 16.578068, 16.628608, 16.745164, 16.8083 ] }, { "date": "2025-01-24", "close": 16.989875, "volume": 4679, "typical_volume": 16273.95, "trend": 16.84209, "fair_value": 15.930458, "relative_strength": -8.620304, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.298129, "energy": 20.540063, "activity_lines": [ 16.711554, 16.688923, 16.756757, 16.819077 ] }, { "date": "2025-01-31", "close": 16.837833, "volume": 2353, "typical_volume": 15863.4, "trend": 16.852178, "fair_value": 15.937713, "relative_strength": -8.201112, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.775319, "energy": 18.615368, "activity_lines": [ 16.772071, 16.715852, 16.753822, 16.818802 ] }, { "date": "2025-02-07", "close": 16.960793, "volume": 8675, "typical_volume": 13805.85, "trend": 16.85917, "fair_value": 15.945378, "relative_strength": -7.092758, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.502789, "energy": 20.147407, "activity_lines": [ 16.858352, 16.76216, 16.764048, 16.82581 ] }, { "date": "2025-02-14", "close": 17.175487, "volume": 2177, "typical_volume": 13626.9, "trend": 16.879736, "fair_value": 15.953794, "relative_strength": -7.002655, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.032819, "energy": 43.230288, "activity_lines": [ 16.988547, 16.843722, 16.796014, 16.846217 ] }, { "date": "2025-02-21", "close": 17.178903, "volume": 6329, "typical_volume": 9369.85, "trend": 16.89965, "fair_value": 15.963396, "relative_strength": -5.236391, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.553249, "energy": 65.146002, "activity_lines": [ 17.076292, 16.918725, 16.82927, 16.865518 ] }, { "date": "2025-02-28", "close": 16.964307, "volume": 19624, "typical_volume": 4803.75, "trend": 16.910093, "fair_value": 15.97492, "relative_strength": -5.283234, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.405167, "energy": 55.0606, "activity_lines": [ 17.054868, 16.946963, 16.842682, 16.86969 ] }, { "date": "2025-03-07", "close": 17.224281, "volume": 12362, "typical_volume": 5233.6, "trend": 16.925346, "fair_value": 15.988456, "relative_strength": -0.60674, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.767508, "energy": 60.936922, "activity_lines": [ 17.121807, 17.016855, 16.881655, 16.88996 ] }, { "date": "2025-03-14", "close": 17.331628, "volume": 11433, "typical_volume": 5743.2, "trend": 16.93754, "fair_value": 16.001008, "relative_strength": 2.469411, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.741419, "energy": 60.277412, "activity_lines": [ 17.198765, 17.095087, 16.930018, 16.916172 ] }, { "date": "2025-03-21", "close": 17.243799, "volume": 2984, "typical_volume": 5674.6, "trend": 16.94125, "fair_value": 16.011783, "relative_strength": 1.516737, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.91178, "energy": 42.940803, "activity_lines": [ 17.221724, 17.143067, 16.968075, 16.93593 ] }, { "date": "2025-03-28", "close": 17.097417, "volume": 6412, "typical_volume": 5764.95, "trend": 16.945576, "fair_value": 16.019895, "relative_strength": 2.230384, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 60.956187, "energy": 49.223574, "activity_lines": [ 17.191336, 17.151301, 16.990182, 16.946005 ] }, { "date": "2025-04-04", "close": 16.953377, "volume": 19389, "typical_volume": 6484.8, "trend": 16.944699, "fair_value": 16.027307, "relative_strength": 11.389112, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.127678, "energy": 30.030131, "activity_lines": [ 17.118366, 17.124564, 16.997238, 16.946509 ] }, { "date": "2025-04-11", "close": 17.176951, "volume": 16522, "typical_volume": 7085.8, "trend": 16.945841, "fair_value": 16.036095, "relative_strength": 6.820468, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.130455, "energy": 24.495268, "activity_lines": [ 17.120649, 17.13914, 17.024257, 16.961493 ] }, { "date": "2025-04-18", "close": 17.307231, "volume": 25015, "typical_volume": 8183.65, "trend": 16.948341, "fair_value": 16.047436, "relative_strength": 9.206298, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.384767, "energy": 27.750063, "activity_lines": [ 17.169515, 17.171238, 17.061289, 16.984808 ] }, { "date": "2025-04-25", "close": 17.448245, "volume": 34095, "typical_volume": 9686.3, "trend": 16.950686, "fair_value": 16.060882, "relative_strength": 5.315672, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.520879, "energy": 42.010014, "activity_lines": [ 17.267012, 17.222675, 17.109111, 17.01706 ] }, { "date": "2025-05-02", "close": 17.690752, "volume": 203748, "typical_volume": 19695.75, "trend": 16.963584, "fair_value": 16.076422, "relative_strength": 3.846795, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.662564, "energy": 74.9685, "activity_lines": [ 17.431714, 17.313246, 17.176849, 17.064806 ] }, { "date": "2025-05-09", "close": 17.749792, "volume": 23724, "typical_volume": 20569.3, "trend": 16.98416, "fair_value": 16.093327, "relative_strength": 4.691129, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.357279, "energy": 81.286961, "activity_lines": [ 17.576541, 17.405245, 17.245743, 17.115529 ] }, { "date": "2025-05-16", "close": 17.70295, "volume": 11115, "typical_volume": 21012.65, "trend": 17.005954, "fair_value": 16.108703, "relative_strength": -0.682979, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.063373, "energy": 80.755701, "activity_lines": [ 17.65266, 17.474445, 17.304966, 17.161903 ] }, { "date": "2025-05-23", "close": 17.985467, "volume": 29601, "typical_volume": 22195.7, "trend": 17.041332, "fair_value": 16.124978, "relative_strength": 3.590385, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.374848, "energy": 87.025912, "activity_lines": [ 17.787884, 17.586309, 17.385889, 17.225097 ] }, { "date": "2025-05-30", "close": 17.897638, "volume": 33371, "typical_volume": 23787.85, "trend": 17.077187, "fair_value": 16.140406, "relative_strength": 1.383592, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.647256, "energy": 81.432671, "activity_lines": [ 17.848616, 17.670317, 17.451592, 17.280343 ] }, { "date": "2025-06-06", "close": 18.000594, "volume": 15681, "typical_volume": 24464.45, "trend": 17.116625, "fair_value": 16.158455, "relative_strength": 0.382202, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.891397, "energy": 80.029585, "activity_lines": [ 17.913708, 17.761155, 17.520548, 17.339918 ] }, { "date": "2025-06-13", "close": 18.044508, "volume": 13740, "typical_volume": 24917.5, "trend": 17.162306, "fair_value": 16.177595, "relative_strength": 1.007914, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.633289, "energy": 76.259881, "activity_lines": [ 17.972781, 17.843557, 17.587085, 17.399781 ] }, { "date": "2025-06-20", "close": 18.021477, "volume": 20614, "typical_volume": 25830.55, "trend": 17.207219, "fair_value": 16.196946, "relative_strength": 1.051774, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.321853, "energy": 62.687099, "activity_lines": [ 18.004529, 17.901932, 17.646407, 17.455211 ] }, { "date": "2025-06-27", "close": 18.161126, "volume": 9067, "typical_volume": 25850.15, "trend": 17.254163, "fair_value": 16.217844, "relative_strength": -1.518763, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.511488, "energy": 61.812088, "activity_lines": [ 18.061593, 17.970343, 17.713393, 17.516754 ] }, { "date": "2025-07-04", "close": 18.278231, "volume": 9925, "typical_volume": 26237.55, "trend": 17.304085, "fair_value": 16.240937, "relative_strength": -2.477266, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.92624, "energy": 71.494994, "activity_lines": [ 18.14598, 18.04452, 17.785815, 17.582823 ] }, { "date": "2025-07-11", "close": 18.142584, "volume": 24709, "typical_volume": 27156.55, "trend": 17.350411, "fair_value": 16.263924, "relative_strength": -2.859706, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.972181, "energy": 68.92573, "activity_lines": [ 18.159779, 18.078944, 17.840067, 17.636919 ] }, { "date": "2025-07-18", "close": 18.179375, "volume": 20005, "typical_volume": 27175.6, "trend": 17.401205, "fair_value": 16.286953, "relative_strength": -3.179361, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.116515, "energy": 67.731139, "activity_lines": [ 18.176376, 18.111842, 17.893235, 17.690401 ] }, { "date": "2025-07-25", "close": 18.141608, "volume": 20317, "typical_volume": 27573.35, "trend": 17.452276, "fair_value": 16.308046, "relative_strength": -4.679719, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.550393, "energy": 61.414105, "activity_lines": [ 18.171392, 18.130063, 17.937019, 17.738169 ] }, { "date": "2025-08-01", "close": 18.048412, "volume": 10482, "typical_volume": 27525.8, "trend": 17.502355, "fair_value": 16.328799, "relative_strength": -2.66029, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.027246, "energy": 47.973609, "activity_lines": [ 18.127334, 18.123363, 17.96756, 17.776629 ] }, { "date": "2025-08-08", "close": 18.131849, "volume": 145389, "typical_volume": 34646.05, "trend": 17.556028, "fair_value": 16.348067, "relative_strength": -4.373807, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.220699, "energy": 42.891824, "activity_lines": [ 18.118603, 18.130689, 18.002633, 17.817242 ] }, { "date": "2025-08-15", "close": 18.14112, "volume": 25883, "typical_volume": 35619.6, "trend": 17.60692, "fair_value": 16.369905, "relative_strength": -5.084391, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.081562, "energy": 39.099108, "activity_lines": [ 18.122722, 18.135442, 18.034361, 17.85499 ] }, { "date": "2025-08-22", "close": 18.248955, "volume": 13144, "typical_volume": 35307.35, "trend": 17.64889, "fair_value": 16.391759, "relative_strength": -4.637769, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.757514, "energy": 46.141817, "activity_lines": [ 18.162882, 18.157247, 18.071388, 17.896411 ] }, { "date": "2025-08-29", "close": 18.237244, "volume": 19005, "typical_volume": 35431.5, "trend": 17.695537, "fair_value": 16.414241, "relative_strength": -4.524158, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.237869, "energy": 47.844283, "activity_lines": [ 18.194501, 18.173205, 18.101131, 17.93437 ] }, { "date": "2025-09-05", "close": 18.366061, "volume": 23795, "typical_volume": 35370.5, "trend": 17.742379, "fair_value": 16.437002, "relative_strength": -3.960721, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.348528, "energy": 55.556147, "activity_lines": [ 18.262682, 18.208662, 18.138094, 17.977629 ] }, { "date": "2025-09-12", "close": 18.386847, "volume": 9767, "typical_volume": 34154.1, "trend": 17.782758, "fair_value": 16.461036, "relative_strength": -5.159614, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.800834, "energy": 66.046901, "activity_lines": [ 18.316616, 18.244171, 18.171993, 18.019208 ] }, { "date": "2025-09-19", "close": 18.412025, "volume": 14747, "typical_volume": 24704.05, "trend": 17.823862, "fair_value": 16.486856, "relative_strength": -6.008251, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.462128, "energy": 68.829805, "activity_lines": [ 18.361943, 18.282284, 18.203821, 18.059806 ] }, { "date": "2025-09-26", "close": 18.322634, "volume": 9024, "typical_volume": 23969.05, "trend": 17.869139, "fair_value": 16.512687, "relative_strength": -6.009519, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.333956, "energy": 60.569686, "activity_lines": [ 18.359412, 18.299245, 18.223702, 18.091985 ] }, { "date": "2025-10-03", "close": 18.429981, "volume": 61491, "typical_volume": 26487.85, "trend": 17.909329, "fair_value": 16.538709, "relative_strength": -6.317816, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.458664, "energy": 54.142827, "activity_lines": [ 18.387751, 18.333119, 18.251077, 18.128168 ] }, { "date": "2025-10-10", "close": 18.314534, "volume": 25126, "typical_volume": 26264.1, "trend": 17.942093, "fair_value": 16.564546, "relative_strength": -4.479594, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.344634, "energy": 41.524217, "activity_lines": [ 18.36476, 18.340759, 18.263996, 18.15431 ] }, { "date": "2025-10-17", "close": 18.464137, "volume": 9441, "typical_volume": 25067.6, "trend": 17.982771, "fair_value": 16.590993, "relative_strength": -5.240225, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.607676, "energy": 42.694553, "activity_lines": [ 18.39507, 18.370761, 18.289596, 18.18799 ] }, { "date": "2025-10-24", "close": 18.522201, "volume": 17618, "typical_volume": 25164.45, "trend": 18.030264, "fair_value": 16.617327, "relative_strength": -6.610523, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.732791, "energy": 46.633307, "activity_lines": [ 18.439583, 18.405279, 18.318028, 18.222792 ] }, { "date": "2025-10-31", "close": 18.549526, "volume": 16060, "typical_volume": 25280.45, "trend": 18.083468, "fair_value": 16.643053, "relative_strength": -6.972336, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.102443, "energy": 48.429008, "activity_lines": [ 18.48586, 18.437836, 18.346578, 18.256293 ] }, { "date": "2025-11-07", "close": 18.658825, "volume": 8887, "typical_volume": 24694.1, "trend": 18.132864, "fair_value": 16.666876, "relative_strength": -4.83713, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.439229, "energy": 68.243419, "activity_lines": [ 18.553443, 18.4848, 18.383133, 18.293413 ] }, { "date": "2025-11-14", "close": 18.62096, "volume": 52435, "typical_volume": 26862.5, "trend": 18.176655, "fair_value": 16.691502, "relative_strength": -5.097343, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.051005, "energy": 68.717448, "activity_lines": [ 18.593148, 18.517216, 18.413047, 18.324903 ] }, { "date": "2025-11-21", "close": 18.50366, "volume": 25915, "typical_volume": 27662.0, "trend": 18.211836, "fair_value": 16.714712, "relative_strength": -3.832658, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.181234, "energy": 57.684745, "activity_lines": [ 18.573325, 18.523669, 18.4296, 18.346 ] }, { "date": "2025-11-28", "close": 18.649163, "volume": 8777, "typical_volume": 26865.4, "trend": 18.243783, "fair_value": 16.737122, "relative_strength": -6.47897, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.643435, "energy": 50.152308, "activity_lines": [ 18.599367, 18.554453, 18.458937, 18.374215 ] }, { "date": "2025-12-05", "close": 18.77593, "volume": 74479, "typical_volume": 29589.1, "trend": 18.277987, "fair_value": 16.760134, "relative_strength": -6.124445, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.516333, "energy": 53.462607, "activity_lines": [ 18.659202, 18.603975, 18.497935, 18.408547 ] }, { "date": "2025-12-12", "close": 18.812038, "volume": 53522, "typical_volume": 31249.35, "trend": 18.314957, "fair_value": 16.783949, "relative_strength": -5.372458, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.172639, "energy": 53.468579, "activity_lines": [ 18.715979, 18.65182, 18.53753, 18.443002 ] }, { "date": "2025-12-19", "close": 18.822968, "volume": 66174, "typical_volume": 34033.95, "trend": 18.342874, "fair_value": 16.806642, "relative_strength": -5.378933, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.154198, "energy": 62.080433, "activity_lines": [ 18.766185, 18.694705, 18.574974, 18.475777 ] }, { "date": "2025-12-26", "close": 18.8961, "volume": 38937, "typical_volume": 28711.35, "trend": 18.376156, "fair_value": 16.829765, "relative_strength": -6.295287, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.111803, "energy": 70.231095, "activity_lines": [ 18.827301, 18.741643, 18.615695, 18.511469 ] }, { "date": "2026-01-02", "close": 18.9849, "volume": 46008, "typical_volume": 29717.6, "trend": 18.408966, "fair_value": 16.852622, "relative_strength": -4.840325, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.188283, "energy": 71.8638, "activity_lines": [ 18.891854, 18.796873, 18.661233, 18.550742 ] }, { "date": "2026-01-09", "close": 18.997, "volume": 36924, "typical_volume": 30906.6, "trend": 18.440716, "fair_value": 16.87355, "relative_strength": -6.187065, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.192205, "energy": 81.950495, "activity_lines": [ 18.938058, 18.84589, 18.703906, 18.58868 ] }, { "date": "2026-01-16", "close": 19.0512, "volume": 28735, "typical_volume": 31393.1, "trend": 18.47504, "fair_value": 16.89465, "relative_strength": -5.555236, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.249896, "energy": 83.900309, "activity_lines": [ 18.987591, 18.896625, 18.748179, 18.628066 ] }, { "date": "2026-01-23", "close": 19.265, "volume": 46236, "typical_volume": 32515.15, "trend": 18.511836, "fair_value": 16.916685, "relative_strength": -4.138333, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.162164, "energy": 90.317054, "activity_lines": [ 19.092447, 18.979099, 18.808938, 18.679031 ] }, { "date": "2026-01-30", "close": 19.262, "volume": 93420, "typical_volume": 36697.8, "trend": 18.544628, "fair_value": 16.939223, "relative_strength": -4.503228, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.260829, "energy": 82.751507, "activity_lines": [ 19.166833, 19.049318, 18.86513, 18.727429 ] }, { "date": "2026-02-06", "close": 19.3251, "volume": 69700, "typical_volume": 39445.45, "trend": 18.584045, "fair_value": 16.962982, "relative_strength": -3.966355, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.649214, "energy": 76.312044, "activity_lines": [ 19.23786, 19.117222, 18.923164, 18.777782 ] }, { "date": "2026-02-13", "close": 19.48, "volume": 52744, "typical_volume": 41631.45, "trend": 18.627399, "fair_value": 16.988258, "relative_strength": -1.941869, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.050088, "energy": 81.826559, "activity_lines": [ 19.33784, 19.201, 18.991603, 18.835586 ] }, { "date": "2026-02-20", "close": 19.428, "volume": 31031, "typical_volume": 40108.45, "trend": 18.670279, "fair_value": 17.013781, "relative_strength": -3.242606, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.909618, "energy": 73.744954, "activity_lines": [ 19.388287, 19.262521, 19.049578, 18.887237 ] }, { "date": "2026-02-27", "close": 19.47, "volume": 99815, "typical_volume": 43842.9, "trend": 18.717665, "fair_value": 17.03841, "relative_strength": -2.514819, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.2498, "energy": 78.151315, "activity_lines": [ 19.427613, 19.32048, 19.106801, 18.938832 ] }, { "date": "2026-03-06", "close": 19.0255, "volume": 51827, "typical_volume": 45962.2, "trend": 18.747454, "fair_value": 17.060684, "relative_strength": -2.686102, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.799033, "energy": 50.888123, "activity_lines": [ 19.305107, 19.285856, 19.116188, 18.958693 ] }, { "date": "2026-03-13", "close": 18.905, "volume": 44715, "typical_volume": 47317.05, "trend": 18.772916, "fair_value": 17.082418, "relative_strength": -1.659474, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.532798, "energy": 24.497293, "activity_lines": [ 19.1582, 19.226971, 19.111426, 18.968857 ] }, { "date": "2026-03-20", "close": 18.874, "volume": 43079, "typical_volume": 48668.0, "trend": 18.793751, "fair_value": 17.102891, "relative_strength": 0.099858, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.644566, "energy": 22.108939, "activity_lines": [ 19.028967, 19.163902, 19.101888, 18.975378 ] }, { "date": "2026-03-27", "close": 18.8604, "volume": 17861, "typical_volume": 49116.7, "trend": 18.814523, "fair_value": 17.121983, "relative_strength": 2.405329, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.560896, "energy": 25.687277, "activity_lines": [ 18.9356, 19.100596, 19.08951, 18.979678 ] }, { "date": "2026-04-03", "close": 19.0559, "volume": 23606, "typical_volume": 47675.25, "trend": 18.837518, "fair_value": 17.142677, "relative_strength": 0.361367, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.951095, "energy": 18.264581, "activity_lines": [ 18.94524, 19.076305, 19.094792, 18.995251 ] }, { "date": "2026-04-10", "close": 19.32, "volume": 37011, "typical_volume": 48230.05, "trend": 18.868623, "fair_value": 17.163931, "relative_strength": -1.517882, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.51854, "energy": 14.373171, "activity_lines": [ 19.07052, 19.103835, 19.123154, 19.026379 ] }, { "date": "2026-04-17", "close": 19.56, "volume": 12737, "typical_volume": 48428.05, "trend": 18.906889, "fair_value": 17.18742, "relative_strength": -4.23778, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.970463, "energy": 32.217551, "activity_lines": [ 19.256167, 19.173945, 19.170487, 19.070984 ] }, { "date": "2026-04-24", "close": 19.423, "volume": 18722, "typical_volume": 45640.2, "trend": 18.943567, "fair_value": 17.210078, "relative_strength": -5.107226, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.561664, "energy": 31.474325, "activity_lines": [ 19.35248, 19.214876, 19.200434, 19.104281 ] }, { "date": "2026-05-01", "close": 19.406, "volume": 12005, "typical_volume": 43564.35, "trend": 18.976101, "fair_value": 17.231829, "relative_strength": -5.779592, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 49.314159, "energy": 36.687505, "activity_lines": [ 19.406527, 19.253753, 19.225681, 19.134116 ] }, { "date": "2026-05-08", "close": 19.57, "volume": 12822, "typical_volume": 40896.75, "trend": 19.01795, "fair_value": 17.25548, "relative_strength": -6.838236, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 55.259676, "energy": 44.226578, "activity_lines": [ 19.478867, 19.322847, 19.263719, 19.172432 ] }, { "date": "2026-05-15", "close": 19.247, "volume": 19310, "typical_volume": 39915.4, "trend": 19.044046, "fair_value": 17.277224, "relative_strength": -8.314395, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 48.348872, "energy": 26.279237, "activity_lines": [ 19.409267, 19.331396, 19.267438, 19.187209 ] }, { "date": "2026-05-22", "close": 19.366, "volume": 17637, "typical_volume": 38496.85, "trend": 19.072172, "fair_value": 17.300051, "relative_strength": -8.209822, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.531357, "energy": 22.581804, "activity_lines": [ 19.3842, 19.357555, 19.280819, 19.20798 ] }, { "date": "2026-05-29", "close": 19.45, "volume": 6807, "typical_volume": 36991.0, "trend": 19.102188, "fair_value": 17.322804, "relative_strength": -8.822638, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.223722, "energy": 22.451177, "activity_lines": [ 19.400067, 19.390604, 19.300385, 19.232356 ] }, { "date": "2026-06-05", "close": 19.263, "volume": 12933, "typical_volume": 36200.9, "trend": 19.122327, "fair_value": 17.343572, "relative_strength": -7.111025, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.66709, "energy": 13.875404, "activity_lines": [ 19.3518, 19.37918, 19.299984, 19.242731 ] }, { "date": "2026-06-12", "close": 19.518, "volume": 11163, "typical_volume": 34447.25, "trend": 19.152229, "fair_value": 17.365022, "relative_strength": -6.140924, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.861612, "energy": 18.523516, "activity_lines": [ 19.398067, 19.4068, 19.322861, 19.268259 ] }, { "date": "2026-06-19", "close": 19.429, "volume": 11799, "typical_volume": 30366.2, "trend": 19.183073, "fair_value": 17.386948, "relative_strength": -7.134297, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.857877, "energy": 20.439973, "activity_lines": [ 19.418133, 19.409836, 19.336057, 19.286115 ] }, { "date": "2026-06-26", "close": 19.321, "volume": 5735, "typical_volume": 27167.95, "trend": 19.205468, "fair_value": 17.408206, "relative_strength": -5.183419, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.819766, "energy": 14.44944, "activity_lines": [ 19.390067, 19.391255, 19.338171, 19.295013 ] }, { "date": "2026-07-03", "close": 19.34, "volume": 12663, "typical_volume": 25163.9, "trend": 19.22427, "fair_value": 17.429645, "relative_strength": -6.872666, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.786014, "energy": 15.029345, "activity_lines": [ 19.371333, 19.380473, 19.342115, 19.303693 ] }, { "date": "2026-07-10", "close": 19.419, "volume": 7068, "typical_volume": 23965.75, "trend": 19.244502, "fair_value": 17.449757, "relative_strength": -7.51644, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.060196, "energy": 17.520914, "activity_lines": [ 19.386267, 19.385564, 19.35425, 19.316256 ] }, { "date": "2026-07-17", "close": 19.36, "volume": 7514, "typical_volume": 19350.7, "trend": 19.262403, "fair_value": 17.469607, "relative_strength": -6.140697, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.228517, "energy": 12.646606, "activity_lines": [ 19.371133, 19.379691, 19.360808, 19.323708 ] }, { "date": "2026-07-24", "close": 19.447, "volume": 127391, "typical_volume": 23128.9, "trend": 19.280767, "fair_value": 17.489346, "relative_strength": -4.999856, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.478001, "energy": 18.789862, "activity_lines": [ 19.395533, 19.393455, 19.376175, 19.335617 ] }, { "date": "2026-07-31", "close": 19.692, "volume": 40473, "typical_volume": 22916.8, "trend": 19.304337, "fair_value": 17.512583, "relative_strength": -4.648138, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.155495, "energy": 36.141797, "activity_lines": [ 19.5004, 19.448127, 19.412869, 19.362148 ] }, { "date": "2026-08-07", "close": 19.92, "volume": 27085, "typical_volume": 22117.1, "trend": 19.335103, "fair_value": 17.537856, "relative_strength": -6.620524, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 71.611621, "energy": 61.284588, "activity_lines": [ 19.656533, 19.538327, 19.46753, 19.401868 ] } ], "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." } } }