{ "ticker": { "uuid": "e7b3d4b2-ff87-4728-9c9f-af765992a58e", "symbol": "XSFR", "name": "Xtrackers S&P Select Frontier Swap UCITS ETF 1C", "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": 50.789, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 59.218, "architecture_energy": 45.939, "architecture_maturity": 47.715, "architecture_confidence": 69.141, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 12.38, "rotation_up": 49.69, "upward_expansion": 80.43, "deceleration": 59.96, "rotation_down": 25.89, "downward_expansion": 7.1 }, "activity_lines": [ 26.270999, 26.177636, 25.899857, 25.426226 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 26.264999, "trend_reference": 24.915166, "distance_from_trend": 0.054177, "trend_direction": "Improving", "fair_value": 19.958135, "distance_from_fair_value": 0.316005, "fair_value_direction": "Weakening", "relative_strength": -5.880784, "relative_strength_direction": "Weakening", "price_momentum": 0.113868, "excess_performance": -0.057024, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.054177, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.03406, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.316005, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.012317, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.058808, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.040734, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.113868, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.575256, "read": "Supply-led" } ], "volume": { "latest": 48089, "relative_activity": 3.754753, "balance": 0.575256, "dry_up": 1.985868, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.024704, "annualized_volatility": 0.136213, "from_high_reference": -0.025056, "from_low_reference": 0.256999 }, "levels": { "trend_reference": 24.915166, "fair_value_reference": 19.958135, "structural_low": 21.865, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 31, "median_return": 0.014027, "positive_rate": 0.645161, "directional_follow_through": 0.645161, "median_excess_return": 0.003167, "regime_survival": 0.774194, "best_return": 0.05858, "worst_return": -0.109416, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.036299, "positive_rate": 0.769231, "directional_follow_through": 0.769231, "median_excess_return": -0.007318, "regime_survival": 0.692308, "best_return": 0.139722, "worst_return": -0.056786, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.072277, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.02901, "regime_survival": 0.333333, "best_return": 0.122649, "worst_return": 0.029659, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.165029, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.024853, "regime_survival": 0.5, "best_return": 0.185511, "worst_return": -0.088536, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-23", "end": "2024-09-06", "tenure": "New", "return": 0.023291, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-13", "end": "2025-03-14", "tenure": "Extended", "return": 0.122649, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-03-28", "tenure": "New", "return": 0.002218, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-05-09", "tenure": "Developing", "return": 0.137135, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-05-30", "tenure": "New", "return": 0.006044, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-06-13", "tenure": "New", "return": -0.021907, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-08-01", "tenure": "Developing", "return": 0.066941, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2025-09-19", "tenure": "Developing", "return": -0.043105, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-26", "end": "2025-10-17", "tenure": "New", "return": 0.021016, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-24", "end": "2026-02-13", "tenure": "Established", "return": 0.081385, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-20", "end": "2026-03-20", "tenure": "Developing", "return": -0.07309, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-10", "tenure": "New", "return": 0.068813, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": 0.007842, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.023578, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 15.752, "volume": 7053, "typical_volume": 54732.5, "trend": 14.763067, "fair_value": 13.822551, "relative_strength": 1.434726, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.714503, "energy": 50.913891, "activity_lines": [ 16.053867, 15.951673, 15.438772, 15.077488 ] }, { "date": "2023-08-25", "close": 16.219999, "volume": 19547, "typical_volume": 37816.05, "trend": 14.804867, "fair_value": 13.858821, "relative_strength": 3.129573, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.839821, "energy": 46.262856, "activity_lines": [ 16.0864, 16.027564, 15.559886, 15.171484 ] }, { "date": "2023-09-01", "close": 16.91, "volume": 11992, "typical_volume": 38056.45, "trend": 14.866267, "fair_value": 13.900321, "relative_strength": 6.110372, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.124267, "energy": 55.064776, "activity_lines": [ 16.343333, 16.206182, 15.735067, 15.307299 ] }, { "date": "2023-09-08", "close": 16.652, "volume": 4859, "typical_volume": 38207.25, "trend": 14.934667, "fair_value": 13.939744, "relative_strength": 6.28992, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.79506, "energy": 53.753457, "activity_lines": [ 16.480133, 16.311854, 15.8718, 15.422508 ] }, { "date": "2023-09-15", "close": 16.341999, "volume": 33226, "typical_volume": 39849.45, "trend": 14.991333, "fair_value": 13.977679, "relative_strength": 2.296991, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.959958, "energy": 50.119331, "activity_lines": [ 16.482666, 16.347163, 15.964933, 15.513303 ] }, { "date": "2023-09-22", "close": 15.558, "volume": 12384, "typical_volume": 39834.25, "trend": 15.0248, "fair_value": 14.010346, "relative_strength": -1.10543, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.177247, "energy": 36.138434, "activity_lines": [ 16.210266, 16.224945, 15.970924, 15.549862 ] }, { "date": "2023-09-29", "close": 15.288, "volume": 22959, "typical_volume": 40136.35, "trend": 15.048733, "fair_value": 14.041321, "relative_strength": -1.288382, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.380371, "energy": 16.630352, "activity_lines": [ 15.8608, 16.053782, 15.941848, 15.566843 ] }, { "date": "2023-10-06", "close": 14.83, "volume": 64737, "typical_volume": 43267.95, "trend": 15.063, "fair_value": 14.067756, "relative_strength": -2.347265, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.718256, "energy": 22.418556, "activity_lines": [ 15.4208, 15.814763, 15.864057, 15.552731 ] }, { "date": "2023-10-13", "close": 15.218, "volume": 20081, "typical_volume": 44170.3, "trend": 15.1206, "fair_value": 14.095628, "relative_strength": -0.962635, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.481509, "energy": 24.505913, "activity_lines": [ 15.2488, 15.6748, 15.820371, 15.562731 ] }, { "date": "2023-10-20", "close": 14.114, "volume": 12847, "typical_volume": 44562.35, "trend": 15.140933, "fair_value": 14.116038, "relative_strength": -4.866523, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -44.899945, "energy": 56.069337, "activity_lines": [ 14.8044, 15.351745, 15.667676, 15.497789 ] }, { "date": "2023-10-27", "close": 14.158, "volume": 14333, "typical_volume": 45090.2, "trend": 15.141867, "fair_value": 14.137949, "relative_strength": -4.068335, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.630672, "energy": 64.13349, "activity_lines": [ 14.5232, 15.073491, 15.5204, 15.434374 ] }, { "date": "2023-11-03", "close": 13.998, "volume": 28672, "typical_volume": 46316.9, "trend": 15.149333, "fair_value": 14.157231, "relative_strength": -9.478272, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.022839, "energy": 67.392933, "activity_lines": [ 14.282, 14.795127, 15.361562, 15.360576 ] }, { "date": "2023-11-10", "close": 14.054, "volume": 1896, "typical_volume": 44677.75, "trend": 15.151267, "fair_value": 14.173526, "relative_strength": -8.501278, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.28612, "energy": 69.284832, "activity_lines": [ 14.145467, 14.567345, 15.212686, 15.28991 ] }, { "date": "2023-11-17", "close": 14.084, "volume": 6893, "typical_volume": 44767.35, "trend": 15.1642, "fair_value": 14.188462, "relative_strength": -11.265819, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.488873, "energy": 63.359166, "activity_lines": [ 14.070667, 14.396945, 15.073448, 15.221054 ] }, { "date": "2023-11-24", "close": 15.118, "volume": 30885, "typical_volume": 29733.15, "trend": 15.210733, "fair_value": 14.208885, "relative_strength": -4.481194, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.782496, "energy": 35.056921, "activity_lines": [ 14.416133, 14.461236, 15.041248, 15.218073 ] }, { "date": "2023-12-01", "close": 15.232, "volume": 8742, "typical_volume": 29557.5, "trend": 15.265333, "fair_value": 14.228641, "relative_strength": -5.218166, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -40.471957, "energy": 25.294696, "activity_lines": [ 14.732667, 14.568509, 15.021809, 15.219445 ] }, { "date": "2023-12-08", "close": 15.444, "volume": 5544, "typical_volume": 28758.35, "trend": 15.3062, "fair_value": 14.250654, "relative_strength": -5.287803, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.686163, "energy": 22.28848, "activity_lines": [ 15.048267, 14.720255, 15.024152, 15.230972 ] }, { "date": "2023-12-15", "close": 15.414, "volume": 3748, "typical_volume": 28495.05, "trend": 15.3456, "fair_value": 14.271872, "relative_strength": -5.269011, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -13.315605, "energy": 25.191621, "activity_lines": [ 15.257467, 14.863709, 15.026933, 15.237927 ] }, { "date": "2023-12-22", "close": 15.502, "volume": 3501, "typical_volume": 15989.35, "trend": 15.382133, "fair_value": 14.294218, "relative_strength": -4.548479, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 9.377716, "energy": 24.536464, "activity_lines": [ 15.405333, 15.012545, 15.042781, 15.248017 ] }, { "date": "2023-12-29", "close": 15.498, "volume": 2055, "typical_volume": 15797.7, "trend": 15.419667, "fair_value": 14.315821, "relative_strength": -4.449587, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.717482, "energy": 27.582621, "activity_lines": [ 15.457333, 15.155491, 15.061514, 15.255492 ] }, { "date": "2024-01-05", "close": 15.448, "volume": 8150, "typical_volume": 15852.55, "trend": 15.436933, "fair_value": 14.335128, "relative_strength": -4.930085, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.508115, "energy": 24.93275, "activity_lines": [ 15.467333, 15.264182, 15.078533, 15.25732 ] }, { "date": "2024-01-12", "close": 15.296, "volume": 5055, "typical_volume": 15127.95, "trend": 15.4478, "fair_value": 14.351128, "relative_strength": -5.804824, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -2.319194, "energy": 15.478632, "activity_lines": [ 15.412267, 15.321782, 15.082524, 15.248228 ] }, { "date": "2024-01-19", "close": 15.23, "volume": 9826, "typical_volume": 15019.65, "trend": 15.439533, "fair_value": 14.367436, "relative_strength": -5.411634, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -5.725959, "energy": 10.948939, "activity_lines": [ 15.345067, 15.343782, 15.084629, 15.234176 ] }, { "date": "2024-01-26", "close": 16.212, "volume": 9493, "typical_volume": 15251.35, "trend": 15.450533, "fair_value": 14.392603, "relative_strength": 0.490367, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 40.400047, "energy": 39.094656, "activity_lines": [ 15.617467, 15.522945, 15.188257, 15.284013 ] }, { "date": "2024-02-02", "close": 16.496, "volume": 8192, "typical_volume": 13999.65, "trend": 15.483133, "fair_value": 14.415346, "relative_strength": 1.203219, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.291026, "energy": 59.62468, "activity_lines": [ 15.9372, 15.715055, 15.321029, 15.351462 ] }, { "date": "2024-02-09", "close": 15.91, "volume": 14023, "typical_volume": 14081.6, "trend": 15.4946, "fair_value": 14.434833, "relative_strength": -3.677634, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.024268, "energy": 56.766434, "activity_lines": [ 15.995067, 15.775564, 15.397257, 15.379002 ] }, { "date": "2024-02-16", "close": 16.073999, "volume": 7524, "typical_volume": 13309.85, "trend": 15.492533, "fair_value": 14.453115, "relative_strength": -4.378151, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.37283, "energy": 61.931511, "activity_lines": [ 16.0768, 15.853563, 15.487428, 15.416383 ] }, { "date": "2024-02-23", "close": 16.1, "volume": 7389, "typical_volume": 10442.45, "trend": 15.4826, "fair_value": 14.47432, "relative_strength": -6.902774, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.763305, "energy": 58.578127, "activity_lines": [ 16.115333, 15.924836, 15.576333, 15.455574 ] }, { "date": "2024-03-01", "close": 16.434, "volume": 6497, "typical_volume": 9763.25, "trend": 15.4908, "fair_value": 14.498974, "relative_strength": -5.559152, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 72.260686, "energy": 67.16415, "activity_lines": [ 16.2072, 16.044363, 15.691, 15.516955 ] }, { "date": "2024-03-08", "close": 16.218, "volume": 7491, "typical_volume": 9495.45, "trend": 15.493467, "fair_value": 14.519744, "relative_strength": -7.969803, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.919515, "energy": 63.446933, "activity_lines": [ 16.212267, 16.107673, 15.779305, 15.563871 ] }, { "date": "2024-03-15", "close": 16.408001, "volume": 31665, "typical_volume": 10362.05, "trend": 15.515333, "fair_value": 14.54091, "relative_strength": -8.209197, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.249322, "energy": 55.887206, "activity_lines": [ 16.2992, 16.192436, 15.875686, 15.622873 ] }, { "date": "2024-03-22", "close": 16.893999, "volume": 5058, "typical_volume": 9181.35, "trend": 15.5378, "fair_value": 14.566603, "relative_strength": -6.500932, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.057203, "energy": 68.740041, "activity_lines": [ 16.514933, 16.348109, 16.007638, 15.711819 ] }, { "date": "2024-03-29", "close": 17.176001, "volume": 16921, "typical_volume": 9932.6, "trend": 15.546667, "fair_value": 14.590731, "relative_strength": -5.958502, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.051367, "energy": 75.976008, "activity_lines": [ 16.77, 16.526, 16.152657, 15.81751 ] }, { "date": "2024-04-05", "close": 16.917999, "volume": 20421, "typical_volume": 10609.0, "trend": 15.555533, "fair_value": 14.613679, "relative_strength": -5.328273, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.793954, "energy": 69.62522, "activity_lines": [ 16.867333, 16.6216, 16.258238, 15.905983 ] }, { "date": "2024-04-12", "close": 17.139999, "volume": 13666, "typical_volume": 9748.05, "trend": 15.582133, "fair_value": 14.636705, "relative_strength": -3.403726, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.537631, "energy": 75.18501, "activity_lines": [ 17.0064, 16.744727, 16.371467, 16.008206 ] }, { "date": "2024-04-19", "close": 16.292, "volume": 3110, "typical_volume": 9466.45, "trend": 15.6066, "fair_value": 14.655218, "relative_strength": -8.565832, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.284881, "energy": 47.49573, "activity_lines": [ 16.801333, 16.701963, 16.394305, 16.054004 ] }, { "date": "2024-04-26", "close": 16.722, "volume": 3312, "typical_volume": 9354.85, "trend": 15.6544, "fair_value": 14.677141, "relative_strength": -6.988179, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.947412, "energy": 39.6065, "activity_lines": [ 16.747333, 16.730436, 16.453047, 16.125965 ] }, { "date": "2024-05-03", "close": 17.316, "volume": 30468, "typical_volume": 10690.85, "trend": 15.737267, "fair_value": 14.701231, "relative_strength": -1.969748, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.208514, "energy": 44.350147, "activity_lines": [ 16.9028, 16.855127, 16.562276, 16.233165 ] }, { "date": "2024-05-10", "close": 17.549999, "volume": 6983, "typical_volume": 10864.95, "trend": 15.815, "fair_value": 14.72709, "relative_strength": -3.544356, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.279395, "energy": 48.24927, "activity_lines": [ 17.126933, 17.000254, 16.684733, 16.350116 ] }, { "date": "2024-05-17", "close": 17.65, "volume": 13862, "typical_volume": 11455.3, "trend": 15.932867, "fair_value": 14.753487, "relative_strength": -4.963503, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.26602, "energy": 54.29473, "activity_lines": [ 17.342266, 17.143272, 16.806962, 16.468503 ] }, { "date": "2024-05-24", "close": 17.152, "volume": 11512, "typical_volume": 11623.4, "trend": 16.032667, "fair_value": 14.775462, "relative_strength": -5.067529, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.296177, "energy": 52.980374, "activity_lines": [ 17.3576, 17.169709, 16.871514, 16.547157 ] }, { "date": "2024-05-31", "close": 17.188, "volume": 6968, "typical_volume": 11719.05, "trend": 16.139, "fair_value": 14.796333, "relative_strength": -4.756907, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.470635, "energy": 44.805933, "activity_lines": [ 17.3276, 17.189163, 16.931381, 16.621694 ] }, { "date": "2024-06-07", "close": 16.993999, "volume": 39640, "typical_volume": 13209.75, "trend": 16.237, "fair_value": 14.815295, "relative_strength": -6.083452, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.601653, "energy": 34.048049, "activity_lines": [ 17.201866, 17.168, 16.963762, 16.676856 ] }, { "date": "2024-06-14", "close": 17.205999, "volume": 8345, "typical_volume": 13152.35, "trend": 16.341067, "fair_value": 14.834897, "relative_strength": 0.934847, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.223827, "energy": 24.597996, "activity_lines": [ 17.168266, 17.18869, 17.007933, 16.739372 ] }, { "date": "2024-06-21", "close": 17.038, "volume": 4262, "typical_volume": 12955.85, "trend": 16.405067, "fair_value": 14.852256, "relative_strength": -1.775629, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.832724, "energy": 20.288216, "activity_lines": [ 17.1016, 17.1736, 17.031371, 16.784335 ] }, { "date": "2024-06-28", "close": 17.040001, "volume": 2702, "typical_volume": 12389.8, "trend": 16.465333, "fair_value": 14.869013, "relative_strength": -1.127349, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.740989, "energy": 17.271629, "activity_lines": [ 17.0764, 17.160727, 17.052419, 16.825299 ] }, { "date": "2024-07-05", "close": 16.972, "volume": 3544, "typical_volume": 12190.8, "trend": 16.516267, "fair_value": 14.887449, "relative_strength": -3.72721, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.380458, "energy": 16.211301, "activity_lines": [ 17.036, 17.121891, 17.061609, 16.857987 ] }, { "date": "2024-07-12", "close": 17.076, "volume": 3093, "typical_volume": 11976.0, "trend": 16.571667, "fair_value": 14.907179, "relative_strength": -4.624057, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.173745, "energy": 14.284391, "activity_lines": [ 17.044667, 17.097418, 17.076428, 16.894099 ] }, { "date": "2024-07-19", "close": 16.924, "volume": 1080, "typical_volume": 11705.15, "trend": 16.619067, "fair_value": 14.925526, "relative_strength": -4.234923, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.965388, "energy": 10.482468, "activity_lines": [ 16.9972, 17.049673, 17.072124, 16.91683 ] }, { "date": "2024-07-26", "close": 16.672001, "volume": 4770, "typical_volume": 11569.1, "trend": 16.6582, "fair_value": 14.942654, "relative_strength": -4.309972, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.663623, "energy": 8.182777, "activity_lines": [ 16.884534, 16.967491, 17.041486, 16.920245 ] }, { "date": "2024-08-02", "close": 15.934, "volume": 12896, "typical_volume": 10630.65, "trend": 16.6744, "fair_value": 14.952244, "relative_strength": -3.176459, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -42.159388, "energy": 50.75082, "activity_lines": [ 16.550267, 16.768909, 16.9384, 16.873523 ] }, { "date": "2024-08-09", "close": 16.834, "volume": 9809, "typical_volume": 10868.2, "trend": 16.725667, "fair_value": 14.965795, "relative_strength": 3.213872, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.168545, "energy": 35.07239, "activity_lines": [ 16.589734, 16.756109, 16.923286, 16.883819 ] }, { "date": "2024-08-16", "close": 17.358, "volume": 646, "typical_volume": 10054.45, "trend": 16.7966, "fair_value": 14.984487, "relative_strength": 2.532918, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 26.575853, "energy": 19.681712, "activity_lines": [ 16.813067, 16.845018, 16.958362, 16.924615 ] }, { "date": "2024-08-23", "close": 17.174, "volume": 3085, "typical_volume": 9187.65, "trend": 16.828667, "fair_value": 14.999564, "relative_strength": -0.147674, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 35.251639, "energy": 14.5276, "activity_lines": [ 16.956267, 16.893855, 16.975048, 16.948963 ] }, { "date": "2024-08-30", "close": 17.686001, "volume": 8218, "typical_volume": 8915.25, "trend": 16.868333, "fair_value": 15.017141, "relative_strength": 0.95379, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.934117, "energy": 40.026607, "activity_lines": [ 17.253467, 17.036364, 17.039276, 17.004275 ] }, { "date": "2024-09-06", "close": 17.573999, "volume": 10932, "typical_volume": 9306.35, "trend": 16.9238, "fair_value": 15.033551, "relative_strength": 3.817355, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 62.899976, "energy": 54.843606, "activity_lines": [ 17.445733, 17.146727, 17.090238, 17.049802 ] }, { "date": "2024-09-13", "close": 17.864, "volume": 5079, "typical_volume": 9394.7, "trend": 16.983467, "fair_value": 15.051526, "relative_strength": 4.792029, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.50745, "energy": 71.88333, "activity_lines": [ 17.625333, 17.300109, 17.162714, 17.11046 ] }, { "date": "2024-09-20", "close": 17.598, "volume": 3531, "typical_volume": 8047.85, "trend": 17.0334, "fair_value": 15.067692, "relative_strength": 2.728741, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.097656, "energy": 66.757161, "activity_lines": [ 17.6476, 17.388909, 17.204419, 17.150108 ] }, { "date": "2024-09-27", "close": 17.554001, "volume": 11425, "typical_volume": 8269.95, "trend": 17.070733, "fair_value": 15.082962, "relative_strength": -0.240188, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.525879, "energy": 54.356385, "activity_lines": [ 17.6392, 17.460218, 17.240591, 17.183695 ] }, { "date": "2024-10-04", "close": 17.774, "volume": 6126, "typical_volume": 7883.15, "trend": 17.1226, "fair_value": 15.098744, "relative_strength": 4.43325, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.969566, "energy": 41.085771, "activity_lines": [ 17.6788, 17.560073, 17.297695, 17.229067 ] }, { "date": "2024-10-11", "close": 18.379999, "volume": 6492, "typical_volume": 7632.15, "trend": 17.188333, "fair_value": 15.116795, "relative_strength": 5.759217, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.83539, "energy": 47.045089, "activity_lines": [ 17.914533, 17.750073, 17.411924, 17.310189 ] }, { "date": "2024-10-18", "close": 18.364, "volume": 1495, "typical_volume": 7358.5, "trend": 17.237333, "fair_value": 15.135526, "relative_strength": 2.955374, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.138183, "energy": 56.989444, "activity_lines": [ 18.0912, 17.892691, 17.518781, 17.386039 ] }, { "date": "2024-10-25", "close": 18.813999, "volume": 8132, "typical_volume": 5783.1, "trend": 17.291933, "fair_value": 15.156551, "relative_strength": 6.686698, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.224678, "energy": 74.735343, "activity_lines": [ 18.384533, 18.089309, 17.662895, 17.487759 ] }, { "date": "2024-11-01", "close": 18.718, "volume": 11637, "typical_volume": 5947.7, "trend": 17.351933, "fair_value": 15.176538, "relative_strength": 6.240381, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.001985, "energy": 77.835215, "activity_lines": [ 18.5648, 18.242, 17.7892, 17.579763 ] }, { "date": "2024-11-08", "close": 19.068001, "volume": 9636, "typical_volume": 6216.4, "trend": 17.4162, "fair_value": 15.197192, "relative_strength": 10.679439, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.990586, "energy": 83.215266, "activity_lines": [ 18.784133, 18.430255, 17.941638, 17.690477 ] }, { "date": "2024-11-15", "close": 19.768, "volume": 24909, "typical_volume": 7326.75, "trend": 17.532067, "fair_value": 15.224013, "relative_strength": 13.054413, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.632729, "energy": 90.178336, "activity_lines": [ 19.150533, 18.720655, 18.151076, 17.842206 ] }, { "date": "2024-11-22", "close": 20.030001, "volume": 4083, "typical_volume": 7353.7, "trend": 17.642333, "fair_value": 15.25759, "relative_strength": 16.566841, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.481867, "energy": 91.907421, "activity_lines": [ 19.511734, 19.0188, 18.372476, 18.003364 ] }, { "date": "2024-11-29", "close": 20.08, "volume": 6356, "typical_volume": 7516.85, "trend": 17.734467, "fair_value": 15.291949, "relative_strength": 16.735121, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.904156, "energy": 90.78713, "activity_lines": [ 19.778534, 19.286655, 18.584076, 18.160632 ] }, { "date": "2024-12-06", "close": 20.184999, "volume": 6761, "typical_volume": 7800.9, "trend": 17.8223, "fair_value": 15.325301, "relative_strength": 12.530961, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.084117, "energy": 88.995505, "activity_lines": [ 19.995933, 19.528473, 18.791371, 18.318731 ] }, { "date": "2024-12-13", "close": 20.360001, "volume": 4018, "typical_volume": 7763.3, "trend": 17.912633, "fair_value": 15.360609, "relative_strength": 12.734789, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.196523, "energy": 83.577738, "activity_lines": [ 20.173867, 19.754273, 18.999805, 18.482454 ] }, { "date": "2024-12-20", "close": 20.16, "volume": 37594, "typical_volume": 8998.2, "trend": 18.0129, "fair_value": 15.39316, "relative_strength": 14.971185, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.379857, "energy": 63.520955, "activity_lines": [ 20.199, 19.896691, 19.171629, 18.627445 ] }, { "date": "2024-12-27", "close": 20.309999, "volume": 12982, "typical_volume": 9156.85, "trend": 18.116967, "fair_value": 15.424788, "relative_strength": 14.132601, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.943976, "energy": 62.334844, "activity_lines": [ 20.248, 20.034018, 19.337614, 18.775645 ] }, { "date": "2025-01-03", "close": 20.975, "volume": 5126, "typical_volume": 9380.85, "trend": 18.249667, "fair_value": 15.462333, "relative_strength": 17.518812, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.335056, "energy": 66.877602, "activity_lines": [ 20.5, 20.256873, 19.550381, 18.960034 ] }, { "date": "2025-01-10", "close": 20.855, "volume": 6889, "typical_volume": 9571.05, "trend": 18.3713, "fair_value": 15.499417, "relative_strength": 13.258522, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.217985, "energy": 65.976569, "activity_lines": [ 20.652333, 20.418618, 19.734495, 19.12812 ] }, { "date": "2025-01-17", "close": 20.825001, "volume": 2136, "typical_volume": 9266.95, "trend": 18.497533, "fair_value": 15.542077, "relative_strength": 9.137075, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.577077, "energy": 63.231657, "activity_lines": [ 20.75, 20.536055, 19.898224, 19.286424 ] }, { "date": "2025-01-24", "close": 20.860001, "volume": 18236, "typical_volume": 9632.15, "trend": 18.624867, "fair_value": 15.582859, "relative_strength": 9.352676, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.007441, "energy": 62.151484, "activity_lines": [ 20.828334, 20.627909, 20.050338, 19.438841 ] }, { "date": "2025-01-31", "close": 21.135, "volume": 7940, "typical_volume": 9775.2, "trend": 18.763633, "fair_value": 15.626994, "relative_strength": 9.800849, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.272141, "energy": 60.757166, "activity_lines": [ 20.951667, 20.749909, 20.212995, 19.600785 ] }, { "date": "2025-02-07", "close": 20.91, "volume": 9980, "typical_volume": 10097.65, "trend": 18.891433, "fair_value": 15.666224, "relative_strength": 6.711379, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.980559, "energy": 55.717601, "activity_lines": [ 20.945, 20.810909, 20.338648, 19.73926 ] }, { "date": "2025-02-14", "close": 20.719999, "volume": 17387, "typical_volume": 10395.75, "trend": 19.017967, "fair_value": 15.703404, "relative_strength": 3.028402, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.286706, "energy": 51.149543, "activity_lines": [ 20.879333, 20.822273, 20.430433, 19.857232 ] }, { "date": "2025-02-21", "close": 21.16, "volume": 4422, "typical_volume": 10310.55, "trend": 19.167567, "fair_value": 15.746212, "relative_strength": 3.782998, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.87778, "energy": 52.260876, "activity_lines": [ 20.969333, 20.903909, 20.549048, 19.995428 ] }, { "date": "2025-02-28", "close": 20.655001, "volume": 8490, "typical_volume": 10410.45, "trend": 19.324933, "fair_value": 15.785962, "relative_strength": 0.564072, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.872011, "energy": 37.37775, "activity_lines": [ 20.868667, 20.879182, 20.603443, 20.091391 ] }, { "date": "2025-03-07", "close": 19.788, "volume": 21205, "typical_volume": 11395.95, "trend": 19.4234, "fair_value": 15.820628, "relative_strength": -3.597354, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.320234, "energy": 15.914337, "activity_lines": [ 20.492667, 20.687818, 20.564433, 20.121267 ] }, { "date": "2025-03-14", "close": 20.055, "volume": 9901, "typical_volume": 11484.4, "trend": 19.5133, "fair_value": 15.853994, "relative_strength": -2.577922, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.605144, "energy": 17.13618, "activity_lines": [ 20.295467, 20.554491, 20.544072, 20.162015 ] }, { "date": "2025-03-21", "close": 20.285, "volume": 4054, "typical_volume": 11105.25, "trend": 19.617, "fair_value": 15.886628, "relative_strength": -2.520065, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.212781, "energy": 18.502377, "activity_lines": [ 20.231933, 20.479709, 20.539705, 20.211802 ] }, { "date": "2025-03-28", "close": 20.33, "volume": 12299, "typical_volume": 11238.4, "trend": 19.705133, "fair_value": 15.918192, "relative_strength": -1.663081, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.633044, "energy": 17.928483, "activity_lines": [ 20.2124, 20.423473, 20.532162, 20.257802 ] }, { "date": "2025-04-04", "close": 17.676001, "volume": 11464, "typical_volume": 10566.15, "trend": 19.708533, "fair_value": 15.933321, "relative_strength": -4.451921, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -50.122696, "energy": 54.689818, "activity_lines": [ 19.363534, 19.893691, 20.265848, 20.12689 ] }, { "date": "2025-04-11", "close": 17.864, "volume": 29099, "typical_volume": 11816.95, "trend": 19.708533, "fair_value": 15.947923, "relative_strength": -1.734786, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.264973, "energy": 67.808974, "activity_lines": [ 18.775934, 19.455982, 20.0274, 20.007888 ] }, { "date": "2025-04-18", "close": 19.194, "volume": 3616, "typical_volume": 11679.95, "trend": 19.761733, "fair_value": 15.974231, "relative_strength": -0.33763, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.118432, "energy": 60.946715, "activity_lines": [ 18.759934, 19.319564, 19.925933, 19.974693 ] }, { "date": "2025-04-25", "close": 19.614, "volume": 7710, "typical_volume": 11727.4, "trend": 19.8304, "fair_value": 16.003577, "relative_strength": -2.017214, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.518304, "energy": 55.263168, "activity_lines": [ 18.941333, 19.290709, 19.868686, 19.965161 ] }, { "date": "2025-05-02", "close": 19.476, "volume": 2048, "typical_volume": 11628.9, "trend": 19.887133, "fair_value": 16.036282, "relative_strength": -5.17123, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.865264, "energy": 27.611333, "activity_lines": [ 19.121467, 19.256873, 19.801014, 19.942297 ] }, { "date": "2025-05-09", "close": 20.1, "volume": 2324, "typical_volume": 9865.4, "trend": 19.944467, "fair_value": 16.07641, "relative_strength": -4.73739, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -3.118506, "energy": 9.275448, "activity_lines": [ 19.566533, 19.367109, 19.796981, 19.95603 ] }, { "date": "2025-05-16", "close": 20.68, "volume": 5278, "typical_volume": 9480.2, "trend": 20.021667, "fair_value": 16.12091, "relative_strength": -5.122981, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.970138, "energy": 17.111998, "activity_lines": [ 20.043333, 19.592891, 19.848472, 20.003484 ] }, { "date": "2025-05-23", "close": 21.18, "volume": 4699, "typical_volume": 9458.85, "trend": 20.100533, "fair_value": 16.168218, "relative_strength": -0.062633, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.55425, "energy": 24.345759, "activity_lines": [ 20.499067, 19.893364, 19.945819, 20.078215 ] }, { "date": "2025-05-30", "close": 20.805, "volume": 6881, "typical_volume": 9458.45, "trend": 20.1701, "fair_value": 16.214942, "relative_strength": -3.402319, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.106989, "energy": 27.939825, "activity_lines": [ 20.6974, 20.1052, 20.006476, 20.123665 ] }, { "date": "2025-06-06", "close": 20.77, "volume": 6257, "typical_volume": 9664.5, "trend": 20.226833, "fair_value": 16.263583, "relative_strength": -4.860365, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.215734, "energy": 31.330344, "activity_lines": [ 20.804667, 20.301218, 20.064038, 20.162368 ] }, { "date": "2025-06-13", "close": 20.315001, "volume": 411, "typical_volume": 8773.25, "trend": 20.245067, "fair_value": 16.313782, "relative_strength": -4.160568, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.470893, "energy": 27.999249, "activity_lines": [ 20.674, 20.406509, 20.078529, 20.168056 ] }, { "date": "2025-06-20", "close": 19.898001, "volume": 1083, "typical_volume": 8430.4, "trend": 20.240667, "fair_value": 16.362231, "relative_strength": -5.615568, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.72634, "energy": 8.797222, "activity_lines": [ 20.390001, 20.388, 20.0559, 20.145665 ] }, { "date": "2025-06-27", "close": 20.344999, "volume": 5650, "typical_volume": 8213.9, "trend": 20.2495, "fair_value": 16.412891, "relative_strength": -4.729174, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.538201, "energy": 4.169471, "activity_lines": [ 20.307133, 20.413782, 20.081733, 20.152396 ] }, { "date": "2025-07-04", "close": 20.165001, "volume": 38054, "typical_volume": 9247.25, "trend": 20.248833, "fair_value": 16.459795, "relative_strength": -5.318544, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.38053, "energy": 9.380058, "activity_lines": [ 20.219934, 20.385909, 20.093114, 20.146944 ] }, { "date": "2025-07-11", "close": 20.940001, "volume": 6821, "typical_volume": 9367.2, "trend": 20.268167, "fair_value": 16.51191, "relative_strength": -2.897977, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.299174, "energy": 6.331607, "activity_lines": [ 20.433734, 20.488928, 20.180948, 20.191536 ] }, { "date": "2025-07-18", "close": 21.5, "volume": 8746, "typical_volume": 9380.0, "trend": 20.312833, "fair_value": 16.566808, "relative_strength": -1.016868, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 41.159829, "energy": 43.161867, "activity_lines": [ 20.822867, 20.667146, 20.323162, 20.271009 ] }, { "date": "2025-07-25", "close": 21.594999, "volume": 15168, "typical_volume": 9078.15, "trend": 20.355667, "fair_value": 16.618865, "relative_strength": -1.720549, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 41.484909, "energy": 56.648429, "activity_lines": [ 21.164667, 20.837182, 20.4704, 20.353729 ] }, { "date": "2025-08-01", "close": 21.23, "volume": 11694, "typical_volume": 9167.8, "trend": 20.364167, "fair_value": 16.664442, "relative_strength": -1.606435, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.12795, "energy": 63.860729, "activity_lines": [ 21.271667, 20.924218, 20.574272, 20.410138 ] }, { "date": "2025-08-08", "close": 22.155001, "volume": 6122, "typical_volume": 9271.2, "trend": 20.4075, "fair_value": 16.714487, "relative_strength": -1.475274, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.978575, "energy": 75.015231, "activity_lines": [ 21.628, 21.178528, 20.760643, 20.525675 ] }, { "date": "2025-08-15", "close": 22.355, "volume": 3734, "typical_volume": 8842.95, "trend": 20.4585, "fair_value": 16.765122, "relative_strength": -2.982193, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.367267, "energy": 78.722013, "activity_lines": [ 21.918333, 21.444655, 20.957157, 20.651321 ] }, { "date": "2025-08-22", "close": 21.785, "volume": 3795, "typical_volume": 8459.5, "trend": 20.489333, "fair_value": 16.810897, "relative_strength": -6.863507, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.307776, "energy": 73.402853, "activity_lines": [ 21.924333, 21.578327, 21.089743, 20.736901 ] }, { "date": "2025-08-29", "close": 22.014999, "volume": 2876, "typical_volume": 7148.35, "trend": 20.518667, "fair_value": 16.859391, "relative_strength": -3.420144, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.262126, "energy": 72.992718, "activity_lines": [ 21.988, 21.727091, 21.224667, 20.835331 ] }, { "date": "2025-09-05", "close": 21.745001, "volume": 14567, "typical_volume": 7695.9, "trend": 20.5465, "fair_value": 16.90541, "relative_strength": -3.238339, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.847157, "energy": 55.080055, "activity_lines": [ 21.933667, 21.788273, 21.31411, 20.91445 ] }, { "date": "2025-09-12", "close": 21.5, "volume": 47378, "typical_volume": 9679.3, "trend": 20.5725, "fair_value": 16.948051, "relative_strength": -6.391514, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.393042, "energy": 35.069345, "activity_lines": [ 21.763333, 21.779455, 21.368072, 20.975966 ] }, { "date": "2025-09-19", "close": 21.200001, "volume": 4797, "typical_volume": 9816.75, "trend": 20.573834, "fair_value": 16.994013, "relative_strength": -7.076694, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.69064, "energy": 24.843003, "activity_lines": [ 21.536667, 21.691818, 21.384481, 21.01645 ] }, { "date": "2025-09-26", "close": 21.65, "volume": 13151, "typical_volume": 10358.1, "trend": 20.607, "fair_value": 17.046269, "relative_strength": -5.854812, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.645956, "energy": 19.780003, "activity_lines": [ 21.537, 21.681273, 21.435538, 21.08588 ] }, { "date": "2025-10-03", "close": 21.190001, "volume": 18900, "typical_volume": 11039.2, "trend": 20.653734, "fair_value": 17.094577, "relative_strength": -9.031484, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.078464, "energy": 20.037558, "activity_lines": [ 21.393001, 21.584364, 21.435405, 21.123493 ] }, { "date": "2025-10-10", "close": 22.275, "volume": 8649, "typical_volume": 11236.7, "trend": 20.727734, "fair_value": 17.151917, "relative_strength": -1.600759, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.66643, "energy": 24.747637, "activity_lines": [ 21.665667, 21.692091, 21.536176, 21.228091 ] }, { "date": "2025-10-17", "close": 22.105, "volume": 5850, "typical_volume": 11185.15, "trend": 20.7884, "fair_value": 17.208872, "relative_strength": -1.700672, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.390896, "energy": 33.17745, "activity_lines": [ 21.846334, 21.749909, 21.615543, 21.316946 ] }, { "date": "2025-10-24", "close": 22.24, "volume": 1586, "typical_volume": 10951.6, "trend": 20.852067, "fair_value": 17.265603, "relative_strength": -2.736315, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.583945, "energy": 37.802047, "activity_lines": [ 22.031667, 21.833182, 21.701576, 21.410598 ] }, { "date": "2025-10-31", "close": 23.475, "volume": 100050, "typical_volume": 15933.55, "trend": 21.045367, "fair_value": 17.33093, "relative_strength": 1.014664, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.305151, "energy": 75.361508, "activity_lines": [ 22.559333, 22.143091, 21.898229, 21.57982 ] }, { "date": "2025-11-07", "close": 22.530001, "volume": 17821, "typical_volume": 16770.45, "trend": 21.2009, "fair_value": 17.394712, "relative_strength": -2.335446, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.304606, "energy": 66.645938, "activity_lines": [ 22.650334, 22.250455, 21.989834, 21.675602 ] }, { "date": "2025-11-14", "close": 22.76, "volume": 12997, "typical_volume": 17137.8, "trend": 21.319767, "fair_value": 17.458596, "relative_strength": -3.543799, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.410777, "energy": 65.069201, "activity_lines": [ 22.728667, 22.390273, 22.09081, 21.776189 ] }, { "date": "2025-11-21", "close": 22.450001, "volume": 16085, "typical_volume": 16039.35, "trend": 21.4143, "fair_value": 17.518494, "relative_strength": -1.631644, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.975422, "energy": 54.720295, "activity_lines": [ 22.671334, 22.455273, 22.150762, 21.849108 ] }, { "date": "2025-11-28", "close": 23.48, "volume": 4362, "typical_volume": 15916.4, "trend": 21.547767, "fair_value": 17.582263, "relative_strength": 1.448849, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.836902, "energy": 48.909237, "activity_lines": [ 22.934334, 22.690273, 22.297929, 21.982379 ] }, { "date": "2025-12-05", "close": 23.950001, "volume": 9898, "typical_volume": 15974.0, "trend": 21.6761, "fair_value": 17.65143, "relative_strength": 3.408157, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.68483, "energy": 60.551638, "activity_lines": [ 23.271334, 22.969273, 22.477762, 22.137362 ] }, { "date": "2025-12-12", "close": 23.145, "volume": 10220, "typical_volume": 15726.6, "trend": 21.758267, "fair_value": 17.717846, "relative_strength": -0.067387, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.056276, "energy": 51.370337, "activity_lines": [ 23.308334, 23.060091, 22.569262, 22.232129 ] }, { "date": "2025-12-19", "close": 23.68, "volume": 6131, "typical_volume": 15448.45, "trend": 21.8416, "fair_value": 17.786385, "relative_strength": -0.354396, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.513612, "energy": 61.917542, "activity_lines": [ 23.482667, 23.212637, 22.704334, 22.356112 ] }, { "date": "2025-12-26", "close": 24.275, "volume": 4326, "typical_volume": 15358.65, "trend": 21.957267, "fair_value": 17.859071, "relative_strength": 2.682378, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.484076, "energy": 68.71513, "activity_lines": [ 23.794, 23.447818, 22.884405, 22.513106 ] }, { "date": "2026-01-02", "close": 24.299999, "volume": 2726, "typical_volume": 15308.25, "trend": 22.074934, "fair_value": 17.927917, "relative_strength": 1.34128, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.931831, "energy": 65.24659, "activity_lines": [ 23.992, 23.648091, 23.056762, 22.66425 ] }, { "date": "2026-01-09", "close": 25.135, "volume": 9025, "typical_volume": 15569.75, "trend": 22.2356, "fair_value": 17.998603, "relative_strength": 4.201537, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.974107, "energy": 84.410581, "activity_lines": [ 24.413666, 23.962727, 23.299381, 22.861673 ] }, { "date": "2026-01-16", "close": 24.639999, "volume": 5906, "typical_volume": 15721.25, "trend": 22.393667, "fair_value": 18.062782, "relative_strength": 2.103512, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.677957, "energy": 80.298449, "activity_lines": [ 24.591333, 24.157182, 23.478905, 23.016796 ] }, { "date": "2026-01-23", "close": 24.785, "volume": 5155, "typical_volume": 15250.65, "trend": 22.541667, "fair_value": 18.125724, "relative_strength": 5.011561, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.026058, "energy": 75.695852, "activity_lines": [ 24.717666, 24.339636, 23.659738, 23.171075 ] }, { "date": "2026-01-30", "close": 24.455, "volume": 4711, "typical_volume": 13117.3, "trend": 22.684667, "fair_value": 18.185897, "relative_strength": 2.189675, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.283604, "energy": 67.520743, "activity_lines": [ 24.660333, 24.425273, 23.794667, 23.294516 ] }, { "date": "2026-02-06", "close": 23.58, "volume": 7171, "typical_volume": 13236.0, "trend": 22.772667, "fair_value": 18.243462, "relative_strength": -2.038126, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.64748, "energy": 40.158432, "activity_lines": [ 24.299333, 24.315363, 23.83219, 23.35228 ] }, { "date": "2026-02-13", "close": 24.049999, "volume": 2407, "typical_volume": 12698.8, "trend": 22.857667, "fair_value": 18.303769, "relative_strength": 0.955291, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.274123, "energy": 29.467727, "activity_lines": [ 24.143, 24.289091, 23.903143, 23.434688 ] }, { "date": "2026-02-20", "close": 24.08, "volume": 3479, "typical_volume": 11927.75, "trend": 22.9405, "fair_value": 18.364833, "relative_strength": -1.066931, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.90327, "energy": 22.540344, "activity_lines": [ 24.069, 24.266454, 23.965524, 23.513548 ] }, { "date": "2026-02-27", "close": 23.83, "volume": 11593, "typical_volume": 12074.95, "trend": 23.027167, "fair_value": 18.424192, "relative_strength": -3.5177, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.343982, "energy": 23.162654, "activity_lines": [ 23.949, 24.181363, 23.990333, 23.570935 ] }, { "date": "2026-03-06", "close": 23.52, "volume": 7795, "typical_volume": 12172.2, "trend": 23.072667, "fair_value": 18.482641, "relative_strength": 1.747996, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.109035, "energy": 17.075906, "activity_lines": [ 23.789333, 24.037182, 23.978214, 23.602731 ] }, { "date": "2026-03-13", "close": 22.52, "volume": 7455, "typical_volume": 12465.65, "trend": 23.078167, "fair_value": 18.540526, "relative_strength": -2.902713, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.499974, "energy": 20.668432, "activity_lines": [ 23.358667, 23.724909, 23.864119, 23.567075 ] }, { "date": "2026-03-20", "close": 22.32, "volume": 4325, "typical_volume": 7679.4, "trend": 23.096, "fair_value": 18.597038, "relative_strength": -0.454382, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -36.51226, "energy": 37.961897, "activity_lines": [ 22.932, 23.408636, 23.729643, 23.518161 ] }, { "date": "2026-03-27", "close": 22.67, "volume": 5434, "typical_volume": 7060.05, "trend": 23.117833, "fair_value": 18.651782, "relative_strength": -0.139324, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.838291, "energy": 45.646976, "activity_lines": [ 22.737333, 23.207182, 23.634, 23.490677 ] }, { "date": "2026-04-03", "close": 23.43, "volume": 2762, "typical_volume": 6548.3, "trend": 23.174, "fair_value": 18.71368, "relative_strength": -1.884451, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.782385, "energy": 39.905819, "activity_lines": [ 22.89, 23.179727, 23.610071, 23.510817 ] }, { "date": "2026-04-10", "close": 24.23, "volume": 1435, "typical_volume": 5815.8, "trend": 23.265, "fair_value": 18.779282, "relative_strength": -2.705377, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 29.011624, "energy": 18.285837, "activity_lines": [ 23.336, 23.322364, 23.659143, 23.578946 ] }, { "date": "2026-04-17", "close": 25.504999, "volume": 2332, "typical_volume": 5714.3, "trend": 23.4085, "fair_value": 18.854981, "relative_strength": -0.183827, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.543988, "energy": 37.182892, "activity_lines": [ 24.159666, 23.700909, 23.821166, 23.723462 ] }, { "date": "2026-04-24", "close": 25.705, "volume": 11549, "typical_volume": 5796.85, "trend": 23.543667, "fair_value": 18.931795, "relative_strength": 3.105548, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 73.271928, "energy": 54.468637, "activity_lines": [ 24.851, 24.080818, 23.992595, 23.871624 ] }, { "date": "2026-05-01", "close": 25.66, "volume": 17811, "typical_volume": 6176.4, "trend": 23.692667, "fair_value": 19.009141, "relative_strength": 1.577817, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.294325, "energy": 72.407529, "activity_lines": [ 25.301666, 24.422454, 24.151381, 24.008161 ] }, { "date": "2026-05-08", "close": 25.344999, "volume": 23079, "typical_volume": 7023.8, "trend": 23.795, "fair_value": 19.080468, "relative_strength": -1.807434, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.207259, "energy": 75.191766, "activity_lines": [ 25.448, 24.678091, 24.26819, 24.114763 ] }, { "date": "2026-05-15", "close": 25.365, "volume": 2798, "typical_volume": 6947.4, "trend": 23.903667, "fair_value": 19.151833, "relative_strength": -1.409951, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.582522, "energy": 72.245705, "activity_lines": [ 25.473333, 24.909818, 24.378976, 24.216054 ] }, { "date": "2026-05-22", "close": 25.51, "volume": 8285, "typical_volume": 7225.35, "trend": 24.012667, "fair_value": 19.223013, "relative_strength": -1.560418, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.461376, "energy": 54.214831, "activity_lines": [ 25.471333, 25.134363, 24.498381, 24.319688 ] }, { "date": "2026-05-29", "close": 25.93, "volume": 24355, "typical_volume": 7991.85, "trend": 24.0945, "fair_value": 19.297103, "relative_strength": -0.988715, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.944945, "energy": 47.358828, "activity_lines": [ 25.609, 25.380909, 24.652024, 24.443387 ] }, { "date": "2026-06-05", "close": 25.530001, "volume": 22919, "typical_volume": 8842.5, "trend": 24.1945, "fair_value": 19.365051, "relative_strength": -2.235235, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.560155, "energy": 42.204902, "activity_lines": [ 25.598334, 25.489091, 24.763786, 24.536 ] }, { "date": "2026-06-12", "close": 25.514999, "volume": 446, "typical_volume": 8607.05, "trend": 24.286333, "fair_value": 19.432647, "relative_strength": -5.267679, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.101185, "energy": 41.355216, "activity_lines": [ 25.591333, 25.542545, 24.869881, 24.621193 ] }, { "date": "2026-06-19", "close": 25.795, "volume": 390, "typical_volume": 8391.0, "trend": 24.397833, "fair_value": 19.498782, "relative_strength": -6.612529, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.600993, "energy": 42.654823, "activity_lines": [ 25.666333, 25.609, 24.999167, 24.718527 ] }, { "date": "2026-06-26", "close": 25.665001, "volume": 4478, "typical_volume": 8256.35, "trend": 24.470667, "fair_value": 19.561494, "relative_strength": -4.172386, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.661493, "energy": 38.255407, "activity_lines": [ 25.669334, 25.623364, 25.10969, 24.800279 ] }, { "date": "2026-07-03", "close": 26.33, "volume": 3356, "typical_volume": 8303.8, "trend": 24.55, "fair_value": 19.630801, "relative_strength": -4.545159, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.026902, "energy": 53.360244, "activity_lines": [ 25.883667, 25.755727, 25.273619, 24.920236 ] }, { "date": "2026-07-10", "close": 26.514999, "volume": 22985, "typical_volume": 9279.1, "trend": 24.662333, "fair_value": 19.700987, "relative_strength": -3.434059, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.613582, "energy": 67.616465, "activity_lines": [ 26.133, 25.910364, 25.444309, 25.047011 ] }, { "date": "2026-07-17", "close": 26.295, "volume": 20463, "typical_volume": 9722.6, "trend": 24.7495, "fair_value": 19.766109, "relative_strength": -2.789155, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.987461, "energy": 69.859489, "activity_lines": [ 26.243333, 26.009454, 25.582452, 25.152344 ] }, { "date": "2026-07-24", "close": 26.025, "volume": 25330, "typical_volume": 10599.35, "trend": 24.807833, "fair_value": 19.827821, "relative_strength": -3.539626, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.213514, "energy": 68.450113, "activity_lines": [ 26.211667, 26.042182, 25.683143, 25.234634 ] }, { "date": "2026-07-31", "close": 26.389999, "volume": 7854, "typical_volume": 10619.3, "trend": 24.8775, "fair_value": 19.893218, "relative_strength": -2.790111, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.591884, "energy": 65.208293, "activity_lines": [ 26.286333, 26.129272, 25.806666, 25.33671 ] }, { "date": "2026-08-07", "close": 26.264999, "volume": 48089, "typical_volume": 12807.5, "trend": 24.915166, "fair_value": 19.958135, "relative_strength": -5.880784, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.218453, "energy": 45.939388, "activity_lines": [ 26.270999, 26.177636, 25.899857, 25.426226 ] } ], "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." } } }