{ "ticker": { "uuid": "ecf8c33a-f03e-40d3-8b34-1a9a08b7f7bd", "symbol": "QCLN", "name": "First Trust Nasdaq Clean Edge Green Energy ETF", "exchange": "TOR", "country": "CA", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GSPTSE", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 67.374, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -25.823, "architecture_energy": 48.298, "architecture_maturity": 3.87, "architecture_confidence": 69.97, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 36.93, "rotation_up": 14.02, "upward_expansion": 21.99, "deceleration": 57.6, "rotation_down": 67.68, "downward_expansion": 46.99 }, "activity_lines": [ 23.338, 24.621636, 25.682333, 25.056993 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 23.59, "trend_reference": 24.154505, "distance_from_trend": -0.023371, "trend_direction": "Improving", "fair_value": 17.843232, "distance_from_fair_value": 0.32207, "fair_value_direction": "Weakening", "relative_strength": -5.134678, "relative_strength_direction": "Weakening", "price_momentum": 0.116436, "excess_performance": -0.003985, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.023371, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.07606, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.32207, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.204102, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.051347, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.284636, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.116436, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.792411, "read": "Supply-led" } ], "volume": { "latest": 4600, "relative_activity": 0.558252, "balance": 0.792411, "dry_up": 1.262136, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.06988, "annualized_volatility": 0.337143, "from_high_reference": -0.219649, "from_low_reference": 0.489991 }, "levels": { "trend_reference": 24.154505, "fair_value_reference": 17.843232, "structural_low": 20.000281, "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": 3, "median_return": 0.002161, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.022572, "regime_survival": 0.0, "best_return": 0.017991, "worst_return": -0.061281, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.050131, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.080911, "regime_survival": 0.0, "best_return": -0.025929, "worst_return": -0.189823, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.00216, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": 0.059259, "regime_survival": 0.0, "best_return": 0.184133, "worst_return": -0.177374, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.049697, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.043965, "regime_survival": 0.0, "best_return": 0.489581, "worst_return": -0.233075, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-12-13", "end": "2024-12-27", "tenure": "New", "return": -0.009581, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-03", "end": "2025-01-24", "tenure": "New", "return": -0.056792, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-31", "end": "2025-02-21", "tenure": "New", "return": -0.035827, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-28", "end": "2025-03-14", "tenure": "New", "return": -0.044568, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-21", "end": "2025-06-06", "tenure": "Developing", "return": -0.011506, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-04", "tenure": "New", "return": 0.058198, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-08-08", "tenure": "Developing", "return": 0.017408, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-15", "end": "2025-11-28", "tenure": "Established", "return": 0.215348, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-05", "end": "2025-12-12", "tenure": "New", "return": -0.006638, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-03-13", "tenure": "Established", "return": 0.007208, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-04-17", "tenure": "Developing", "return": 0.141373, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-03", "tenure": "Developing", "return": 0.039546, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-10", "end": "2026-07-31", "tenure": "New", "return": -0.114709, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 19.725227, "volume": 1600, "typical_volume": 4355.0, "trend": 21.945974, "fair_value": 25.194712, "relative_strength": -13.594544, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.421788, "energy": 44.572151, "activity_lines": [ 21.172993, 21.784494, 21.593868, 21.604168 ] }, { "date": "2023-08-25", "close": 19.942099, "volume": 3300, "typical_volume": 4120.0, "trend": 21.804874, "fair_value": 25.156226, "relative_strength": -12.15026, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.055596, "energy": 57.796136, "activity_lines": [ 20.56116, 21.423532, 21.464097, 21.474886 ] }, { "date": "2023-09-01", "close": 20.829288, "volume": 400, "typical_volume": 4105.0, "trend": 21.666463, "fair_value": 25.123427, "relative_strength": -10.907935, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -50.112809, "energy": 50.001836, "activity_lines": [ 20.462583, 21.256216, 21.42354, 21.411945 ] }, { "date": "2023-09-08", "close": 20.080105, "volume": 2500, "typical_volume": 4130.0, "trend": 21.543076, "fair_value": 25.085826, "relative_strength": -11.476437, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.541727, "energy": 70.004869, "activity_lines": [ 20.260172, 20.955467, 21.312829, 21.309599 ] }, { "date": "2023-09-15", "close": 20.080105, "volume": 500, "typical_volume": 3925.0, "trend": 21.391495, "fair_value": 25.058331, "relative_strength": -13.134968, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.607957, "energy": 69.116028, "activity_lines": [ 20.187882, 20.682678, 21.206414, 21.215214 ] }, { "date": "2023-09-22", "close": 18.759174, "volume": 2600, "typical_volume": 3620.0, "trend": 21.256862, "fair_value": 25.022368, "relative_strength": -14.74285, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.939604, "energy": 76.313855, "activity_lines": [ 19.730485, 20.218291, 20.970756, 21.045386 ] }, { "date": "2023-09-29", "close": 18.734903, "volume": 3200, "typical_volume": 3360.0, "trend": 21.08044, "fair_value": 24.98534, "relative_strength": -13.179124, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.965987, "energy": 85.093767, "activity_lines": [ 19.329402, 19.832296, 20.736528, 20.882679 ] }, { "date": "2023-10-06", "close": 17.520788, "volume": 5900, "typical_volume": 3535.0, "trend": 20.922886, "fair_value": 24.94053, "relative_strength": -16.967091, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.284222, "energy": 94.590047, "activity_lines": [ 18.604093, 19.306827, 20.394464, 20.653024 ] }, { "date": "2023-10-13", "close": 17.62937, "volume": 2800, "typical_volume": 3580.0, "trend": 20.805014, "fair_value": 24.891082, "relative_strength": -16.911367, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.329184, "energy": 92.755093, "activity_lines": [ 18.135544, 18.901044, 20.076693, 20.44054 ] }, { "date": "2023-10-20", "close": 16.217833, "volume": 11100, "typical_volume": 3940.0, "trend": 20.621404, "fair_value": 24.832585, "relative_strength": -21.671671, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.873446, "energy": 96.260125, "activity_lines": [ 17.359866, 18.318665, 19.641394, 20.144592 ] }, { "date": "2023-10-27", "close": 15.507133, "volume": 3200, "typical_volume": 3945.0, "trend": 20.379821, "fair_value": 24.772545, "relative_strength": -22.989842, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.248694, "energy": 96.371612, "activity_lines": [ 16.604772, 17.692345, 19.16302, 19.814639 ] }, { "date": "2023-11-03", "close": 15.93158, "volume": 3600, "typical_volume": 4075.0, "trend": 20.213105, "fair_value": 24.715225, "relative_strength": -24.624676, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.420802, "energy": 90.810653, "activity_lines": [ 16.207964, 17.219891, 18.753767, 19.527656 ] }, { "date": "2023-11-10", "close": 14.559528, "volume": 3100, "typical_volume": 4145.0, "trend": 19.99573, "fair_value": 24.64911, "relative_strength": -29.824835, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.63534, "energy": 95.52714, "activity_lines": [ 15.540693, 16.570891, 18.24141, 19.162909 ] }, { "date": "2023-11-17", "close": 15.980934, "volume": 9500, "typical_volume": 4360.0, "trend": 19.829018, "fair_value": 24.592107, "relative_strength": -24.335151, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.178086, "energy": 80.489398, "activity_lines": [ 15.544641, 16.294324, 17.89501, 18.90389 ] }, { "date": "2023-11-24", "close": 15.734161, "volume": 2800, "typical_volume": 3710.0, "trend": 19.708234, "fair_value": 24.500579, "relative_strength": -24.61411, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.287238, "energy": 66.217853, "activity_lines": [ 15.576228, 16.04742, 17.55195, 18.639706 ] }, { "date": "2023-12-01", "close": 16.48435, "volume": 15500, "typical_volume": 4355.0, "trend": 19.606221, "fair_value": 24.417248, "relative_strength": -21.77841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.748096, "energy": 63.090986, "activity_lines": [ 15.890122, 16.015931, 17.313752, 18.431713 ] }, { "date": "2023-12-08", "close": 16.592928, "volume": 13500, "typical_volume": 4800.0, "trend": 19.480257, "fair_value": 24.331915, "relative_strength": -20.203506, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.522427, "energy": 49.836625, "activity_lines": [ 16.175061, 16.045543, 17.118415, 18.237307 ] }, { "date": "2023-12-15", "close": 18.349941, "volume": 14100, "typical_volume": 5295.0, "trend": 19.410235, "fair_value": 24.255774, "relative_strength": -12.126528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.717003, "energy": 25.43204, "activity_lines": [ 17.001582, 16.433558, 17.121899, 18.164383 ] }, { "date": "2023-12-22", "close": 18.221621, "volume": 4800, "typical_volume": 5420.0, "trend": 19.311648, "fair_value": 24.177932, "relative_strength": -13.85784, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.939361, "energy": 29.277049, "activity_lines": [ 17.532634, 16.783166, 17.135389, 18.087699 ] }, { "date": "2023-12-29", "close": 18.063448, "volume": 1100, "typical_volume": 5255.0, "trend": 19.200897, "fair_value": 24.09839, "relative_strength": -14.613151, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.451353, "energy": 27.455725, "activity_lines": [ 17.861584, 17.093247, 17.151959, 18.00717 ] }, { "date": "2024-01-05", "close": 16.730173, "volume": 9300, "typical_volume": 5640.0, "trend": 19.040779, "fair_value": 24.010238, "relative_strength": -20.500826, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.743093, "energy": 25.287852, "activity_lines": [ 17.590822, 17.127358, 17.055097, 17.847768 ] }, { "date": "2024-01-12", "close": 15.949958, "volume": 18400, "typical_volume": 6395.0, "trend": 18.848419, "fair_value": 23.901027, "relative_strength": -23.920075, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.923683, "energy": 20.441999, "activity_lines": [ 17.043601, 16.997375, 16.898191, 17.64836 ] }, { "date": "2024-01-19", "close": 15.179619, "volume": 28400, "typical_volume": 7795.0, "trend": 18.654997, "fair_value": 23.785178, "relative_strength": -26.841534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.134138, "energy": 46.679964, "activity_lines": [ 16.282464, 16.726996, 16.686929, 17.411663 ] }, { "date": "2024-01-26", "close": 15.199372, "volume": 19600, "typical_volume": 8650.0, "trend": 18.441045, "fair_value": 23.669456, "relative_strength": -26.870825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.789333, "energy": 74.82858, "activity_lines": [ 15.739267, 16.448934, 16.504452, 17.18872 ] }, { "date": "2024-02-02", "close": 15.238875, "volume": 22900, "typical_volume": 9770.0, "trend": 18.190623, "fair_value": 23.553987, "relative_strength": -25.844182, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.362554, "energy": 78.514077, "activity_lines": [ 15.410721, 16.192264, 16.348978, 16.982128 ] }, { "date": "2024-02-09", "close": 16.019089, "volume": 22700, "typical_volume": 10775.0, "trend": 17.947479, "fair_value": 23.4393, "relative_strength": -21.158605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.125799, "energy": 71.996433, "activity_lines": [ 15.53055, 16.086457, 16.290865, 16.842029 ] }, { "date": "2024-02-16", "close": 16.226486, "volume": 10700, "typical_volume": 11150.0, "trend": 17.714862, "fair_value": 23.332618, "relative_strength": -20.370075, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.470389, "energy": 45.394528, "activity_lines": [ 15.766918, 16.026818, 16.265551, 16.730998 ] }, { "date": "2024-02-23", "close": 14.675935, "volume": 23400, "typical_volume": 12025.0, "trend": 17.436803, "fair_value": 23.232494, "relative_strength": -27.869527, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.075753, "energy": 49.393332, "activity_lines": [ 15.468001, 15.691923, 16.10451, 16.534938 ] }, { "date": "2024-03-01", "close": 15.752435, "volume": 8800, "typical_volume": 12325.0, "trend": 17.227487, "fair_value": 23.16446, "relative_strength": -22.393029, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.795802, "energy": 35.25728, "activity_lines": [ 15.561495, 15.619555, 16.059541, 16.426269 ] }, { "date": "2024-03-08", "close": 15.485779, "volume": 17100, "typical_volume": 12625.0, "trend": 17.046741, "fair_value": 23.076832, "relative_strength": -23.713637, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.471449, "energy": 34.984873, "activity_lines": [ 15.529233, 15.543599, 15.998113, 16.313901 ] }, { "date": "2024-03-15", "close": 14.300642, "volume": 5900, "typical_volume": 12760.0, "trend": 16.865922, "fair_value": 22.992879, "relative_strength": -29.275306, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.377997, "energy": 56.06057, "activity_lines": [ 15.085466, 15.29903, 15.827301, 16.136733 ] }, { "date": "2024-03-22", "close": 14.754944, "volume": 11500, "typical_volume": 13155.0, "trend": 16.693017, "fair_value": 22.918009, "relative_strength": -26.802612, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.142156, "energy": 50.232165, "activity_lines": [ 14.907695, 15.181234, 15.705501, 16.000541 ] }, { "date": "2024-03-29", "close": 15.219565, "volume": 7700, "typical_volume": 13385.0, "trend": 16.506026, "fair_value": 22.835098, "relative_strength": -24.414438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.108859, "energy": 46.895442, "activity_lines": [ 14.982901, 15.169643, 15.633554, 15.905479 ] }, { "date": "2024-04-05", "close": 14.616713, "volume": 16900, "typical_volume": 13755.0, "trend": 16.323913, "fair_value": 22.756823, "relative_strength": -27.139889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.892968, "energy": 59.277783, "activity_lines": [ 14.820915, 15.047716, 15.501049, 15.783588 ] }, { "date": "2024-04-12", "close": 14.587065, "volume": 7300, "typical_volume": 13980.0, "trend": 16.140811, "fair_value": 22.680877, "relative_strength": -25.508212, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.313347, "energy": 44.395551, "activity_lines": [ 14.72476, 14.930992, 15.372217, 15.671534 ] }, { "date": "2024-04-19", "close": 13.529601, "volume": 13100, "typical_volume": 13860.0, "trend": 15.966492, "fair_value": 22.591162, "relative_strength": -30.022678, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.02557, "energy": 63.430398, "activity_lines": [ 14.336032, 14.633853, 15.148137, 15.503068 ] }, { "date": "2024-04-26", "close": 14.270812, "volume": 11800, "typical_volume": 13775.0, "trend": 15.817689, "fair_value": 22.518038, "relative_strength": -26.271323, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.391574, "energy": 63.098759, "activity_lines": [ 14.245777, 14.516743, 15.008718, 15.39367 ] }, { "date": "2024-05-03", "close": 15.259097, "volume": 32800, "typical_volume": 14710.0, "trend": 15.7423, "fair_value": 22.464283, "relative_strength": -20.643384, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.639158, "energy": 40.077311, "activity_lines": [ 14.517225, 14.614879, 14.974479, 15.357631 ] }, { "date": "2024-05-10", "close": 15.06144, "volume": 6100, "typical_volume": 14775.0, "trend": 15.656702, "fair_value": 22.418267, "relative_strength": -22.391149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.161038, "energy": 30.50288, "activity_lines": [ 14.720153, 14.666474, 14.936134, 15.313705 ] }, { "date": "2024-05-17", "close": 15.634644, "volume": 1900, "typical_volume": 14815.0, "trend": 15.637262, "fair_value": 22.36799, "relative_strength": -19.44861, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.713506, "energy": 17.292912, "activity_lines": [ 15.0845, 14.834852, 14.967429, 15.312282 ] }, { "date": "2024-05-24", "close": 16.721758, "volume": 4700, "typical_volume": 14585.0, "trend": 15.67775, "fair_value": 22.31914, "relative_strength": -12.679566, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 36.163864, "energy": 36.135785, "activity_lines": [ 15.741379, 15.19818, 15.113824, 15.382249 ] }, { "date": "2024-05-31", "close": 16.642691, "volume": 3700, "typical_volume": 13850.0, "trend": 15.701453, "fair_value": 22.269469, "relative_strength": -12.259682, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.812858, "energy": 53.078004, "activity_lines": [ 16.159093, 15.503113, 15.252728, 15.444504 ] }, { "date": "2024-06-07", "close": 16.306677, "volume": 1300, "typical_volume": 12495.0, "trend": 15.759692, "fair_value": 22.210969, "relative_strength": -12.331236, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.376618, "energy": 57.930075, "activity_lines": [ 16.306677, 15.712629, 15.356333, 15.48355 ] }, { "date": "2024-06-14", "close": 16.158434, "volume": 4300, "typical_volume": 11730.0, "trend": 15.765608, "fair_value": 22.150952, "relative_strength": -10.96114, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.634565, "energy": 58.711803, "activity_lines": [ 16.335007, 15.875426, 15.440452, 15.509276 ] }, { "date": "2024-06-21", "close": 15.318392, "volume": 9200, "typical_volume": 11045.0, "trend": 15.751749, "fair_value": 22.07982, "relative_strength": -14.535476, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.449394, "energy": 24.800523, "activity_lines": [ 16.010191, 15.857457, 15.440001, 15.480423 ] }, { "date": "2024-06-28", "close": 15.157617, "volume": 9700, "typical_volume": 10395.0, "trend": 15.707525, "fair_value": 22.002495, "relative_strength": -15.934868, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -9.762995, "energy": 8.267371, "activity_lines": [ 15.652867, 15.796959, 15.423858, 15.442092 ] }, { "date": "2024-07-05", "close": 15.794158, "volume": 3600, "typical_volume": 10040.0, "trend": 15.680899, "fair_value": 21.934668, "relative_strength": -12.249065, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 3.42552, "energy": 10.655691, "activity_lines": [ 15.611999, 15.822596, 15.472441, 15.447681 ] }, { "date": "2024-07-12", "close": 17.345726, "volume": 4200, "typical_volume": 9080.0, "trend": 15.647426, "fair_value": 21.881637, "relative_strength": -5.380711, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 44.620251, "energy": 24.860564, "activity_lines": [ 16.144889, 16.102638, 15.670852, 15.555089 ] }, { "date": "2024-07-19", "close": 16.271563, "volume": 1700, "typical_volume": 8725.0, "trend": 15.582424, "fair_value": 21.815232, "relative_strength": -10.428054, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.179057, "energy": 34.744384, "activity_lines": [ 16.250455, 16.14944, 15.754247, 15.595356 ] }, { "date": "2024-07-26", "close": 16.321293, "volume": 300, "typical_volume": 7885.0, "trend": 15.524352, "fair_value": 21.752485, "relative_strength": -9.763374, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.532545, "energy": 54.361759, "activity_lines": [ 16.365055, 16.183281, 15.839907, 15.643025 ] }, { "date": "2024-08-02", "close": 14.97859, "volume": 3600, "typical_volume": 7770.0, "trend": 15.465966, "fair_value": 21.674264, "relative_strength": -14.135014, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.216722, "energy": 22.310285, "activity_lines": [ 15.965228, 15.96051, 15.793711, 15.607815 ] }, { "date": "2024-08-09", "close": 14.61059, "volume": 1400, "typical_volume": 7265.0, "trend": 15.42132, "fair_value": 21.595448, "relative_strength": -15.796028, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -6.951778, "energy": 13.800086, "activity_lines": [ 15.454669, 15.702524, 15.70924, 15.552629 ] }, { "date": "2024-08-16", "close": 15.127779, "volume": 6700, "typical_volume": 7215.0, "trend": 15.419592, "fair_value": 21.525617, "relative_strength": -14.912729, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.267546, "energy": 23.666877, "activity_lines": [ 15.195412, 15.57552, 15.674712, 15.533691 ] }, { "date": "2024-08-23", "close": 15.724536, "volume": 8000, "typical_volume": 6770.0, "trend": 15.437098, "fair_value": 21.452367, "relative_strength": -11.708745, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.194023, "energy": 24.293465, "activity_lines": [ 15.282936, 15.578451, 15.697456, 15.553365 ] }, { "date": "2024-08-30", "close": 15.316752, "volume": 1600, "typical_volume": 6485.0, "trend": 15.439693, "fair_value": 21.374676, "relative_strength": -13.441181, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.631519, "energy": 22.812396, "activity_lines": [ 15.271001, 15.515129, 15.676087, 15.545601 ] }, { "date": "2024-09-06", "close": 14.351996, "volume": 2200, "typical_volume": 5940.0, "trend": 15.384124, "fair_value": 21.29288, "relative_strength": -16.09417, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.671315, "energy": 38.393879, "activity_lines": [ 15.00445, 15.276426, 15.559362, 15.475427 ] }, { "date": "2024-09-13", "close": 15.34659, "volume": 1400, "typical_volume": 5420.0, "trend": 15.354794, "fair_value": 21.219286, "relative_strength": -12.554094, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.540471, "energy": 13.594385, "activity_lines": [ 15.111203, 15.233206, 15.533444, 15.473005 ] }, { "date": "2024-09-20", "close": 15.674807, "volume": 6400, "typical_volume": 4100.0, "trend": 15.38809, "fair_value": 21.149686, "relative_strength": -11.132326, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.706472, "energy": 9.627242, "activity_lines": [ 15.278295, 15.2578, 15.533662, 15.493651 ] }, { "date": "2024-09-27", "close": 15.720504, "volume": 1200, "typical_volume": 3855.0, "trend": 15.387025, "fair_value": 21.084599, "relative_strength": -10.501265, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.770722, "energy": 8.602474, "activity_lines": [ 15.424151, 15.321083, 15.536253, 15.515097 ] }, { "date": "2024-10-04", "close": 15.411476, "volume": 9100, "typical_volume": 4215.0, "trend": 15.384548, "fair_value": 21.021311, "relative_strength": -12.382305, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.208563, "energy": 6.766204, "activity_lines": [ 15.467266, 15.338198, 15.506274, 15.516675 ] }, { "date": "2024-10-11", "close": 15.551038, "volume": 3500, "typical_volume": 4155.0, "trend": 15.426228, "fair_value": 20.948586, "relative_strength": -12.075202, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.727848, "energy": 9.433646, "activity_lines": [ 15.550587, 15.39723, 15.490649, 15.527416 ] }, { "date": "2024-10-18", "close": 15.202136, "volume": 3400, "typical_volume": 4140.0, "trend": 15.441135, "fair_value": 20.869909, "relative_strength": -14.728925, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.150567, "energy": 5.428346, "activity_lines": [ 15.437672, 15.382417, 15.447371, 15.512958 ] }, { "date": "2024-10-25", "close": 15.132356, "volume": 200, "typical_volume": 4085.0, "trend": 15.438228, "fair_value": 20.770626, "relative_strength": -13.390664, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.053503, "energy": 11.377973, "activity_lines": [ 15.311126, 15.344161, 15.404306, 15.493037 ] }, { "date": "2024-11-01", "close": 15.17223, "volume": 11400, "typical_volume": 4440.0, "trend": 15.456745, "fair_value": 20.660828, "relative_strength": -11.993967, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.412895, "energy": 22.691219, "activity_lines": [ 15.234036, 15.313072, 15.370632, 15.475876 ] }, { "date": "2024-11-08", "close": 15.441383, "volume": 1900, "typical_volume": 4075.0, "trend": 15.485222, "fair_value": 20.548723, "relative_strength": -11.977789, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.856606, "energy": 29.654592, "activity_lines": [ 15.283214, 15.340962, 15.367286, 15.474885 ] }, { "date": "2024-11-15", "close": 15.052608, "volume": 6600, "typical_volume": 3920.0, "trend": 15.535989, "fair_value": 20.43337, "relative_strength": -14.21038, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.677142, "energy": 36.738793, "activity_lines": [ 15.200807, 15.2959, 15.326329, 15.446974 ] }, { "date": "2024-11-22", "close": 15.75041, "volume": 2500, "typical_volume": 3865.0, "trend": 15.585309, "fair_value": 20.332003, "relative_strength": -11.79265, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -12.155221, "energy": 5.897782, "activity_lines": [ 15.38423, 15.364972, 15.35233, 15.460808 ] }, { "date": "2024-11-29", "close": 16.069407, "volume": 7000, "typical_volume": 4005.0, "trend": 15.612319, "fair_value": 20.248491, "relative_strength": -10.279756, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.807287, "energy": 17.145327, "activity_lines": [ 15.637433, 15.484701, 15.408919, 15.49204 ] }, { "date": "2024-12-06", "close": 16.348524, "volume": 9500, "typical_volume": 4395.0, "trend": 15.655222, "fair_value": 20.166831, "relative_strength": -8.42358, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 30.099803, "energy": 42.953665, "activity_lines": [ 15.921205, 15.648005, 15.498169, 15.539537 ] }, { "date": "2024-12-13", "close": 16.647585, "volume": 6400, "typical_volume": 4700.0, "trend": 15.688987, "fair_value": 20.097671, "relative_strength": -4.586995, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 49.910223, "energy": 65.961436, "activity_lines": [ 16.226245, 15.854265, 15.615534, 15.603561 ] }, { "date": "2024-12-20", "close": 16.278746, "volume": 8100, "typical_volume": 4925.0, "trend": 15.67422, "fair_value": 20.023627, "relative_strength": -3.575158, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.977347, "energy": 62.531515, "activity_lines": [ 16.327924, 15.970988, 15.696218, 15.641609 ] }, { "date": "2024-12-27", "close": 16.488089, "volume": 2400, "typical_volume": 4975.0, "trend": 15.669066, "fair_value": 19.949574, "relative_strength": -2.573035, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 66.762777, "energy": 73.589897, "activity_lines": [ 16.417643, 16.112543, 15.790648, 15.694117 ] }, { "date": "2025-01-03", "close": 17.047451, "volume": 2100, "typical_volume": 4745.0, "trend": 15.693759, "fair_value": 19.893103, "relative_strength": -0.045469, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.470804, "energy": 78.881934, "activity_lines": [ 16.644636, 16.332418, 15.929411, 15.783045 ] }, { "date": "2025-01-10", "close": 16.179106, "volume": 3500, "typical_volume": 4520.0, "trend": 15.694448, "fair_value": 19.832074, "relative_strength": -3.675177, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.852599, "energy": 43.568286, "activity_lines": [ 16.516979, 16.359593, 15.976332, 15.814358 ] }, { "date": "2025-01-17", "close": 16.498501, "volume": 500, "typical_volume": 4465.0, "trend": 15.733785, "fair_value": 19.791944, "relative_strength": -2.762641, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.396629, "energy": 40.418336, "activity_lines": [ 16.50708, 16.426533, 16.051507, 15.866232 ] }, { "date": "2025-01-24", "close": 16.0793, "volume": 5000, "typical_volume": 4605.0, "trend": 15.764508, "fair_value": 19.758773, "relative_strength": -6.489708, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.348317, "energy": 29.201548, "activity_lines": [ 16.367388, 16.398035, 16.081131, 15.888524 ] }, { "date": "2025-01-31", "close": 15.879681, "volume": 1000, "typical_volume": 4585.0, "trend": 15.767358, "fair_value": 19.71373, "relative_strength": -7.618998, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.769869, "energy": 19.132892, "activity_lines": [ 16.174451, 16.314575, 16.083519, 15.895954 ] }, { "date": "2025-02-07", "close": 15.23092, "volume": 11300, "typical_volume": 4830.0, "trend": 15.696865, "fair_value": 19.663141, "relative_strength": -10.660973, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.638455, "energy": 14.245305, "activity_lines": [ 15.805822, 16.110808, 16.021581, 15.861345 ] }, { "date": "2025-02-14", "close": 15.320748, "volume": 8300, "typical_volume": 5185.0, "trend": 15.665171, "fair_value": 19.615146, "relative_strength": -9.856591, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.565088, "energy": 27.57745, "activity_lines": [ 15.588238, 15.938618, 15.970312, 15.83708 ] }, { "date": "2025-02-21", "close": 15.310766, "volume": 4300, "typical_volume": 4945.0, "trend": 15.631487, "fair_value": 19.564187, "relative_strength": -8.50909, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.010607, "energy": 31.66182, "activity_lines": [ 15.42455, 15.7833, 15.919996, 15.814215 ] }, { "date": "2025-02-28", "close": 14.332635, "volume": 9600, "typical_volume": 5250.0, "trend": 15.609955, "fair_value": 19.508912, "relative_strength": -14.775408, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.486018, "energy": 61.864262, "activity_lines": [ 15.014, 15.474447, 15.777004, 15.730418 ] }, { "date": "2025-03-07", "close": 13.953358, "volume": 14300, "typical_volume": 5795.0, "trend": 15.588047, "fair_value": 19.447423, "relative_strength": -14.534372, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -57.781836, "energy": 73.221476, "activity_lines": [ 14.59347, 15.132017, 15.603693, 15.623541 ] }, { "date": "2025-03-14", "close": 13.693854, "volume": 6200, "typical_volume": 6095.0, "trend": 15.54025, "fair_value": 19.374435, "relative_strength": -15.182759, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.373989, "energy": 86.753117, "activity_lines": [ 14.214859, 14.788491, 15.411613, 15.501335 ] }, { "date": "2025-03-21", "close": 13.86353, "volume": 6100, "typical_volume": 5830.0, "trend": 15.478216, "fair_value": 19.299319, "relative_strength": -15.272117, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.106615, "energy": 86.241615, "activity_lines": [ 13.995278, 14.53679, 15.242543, 15.393159 ] }, { "date": "2025-03-28", "close": 13.45431, "volume": 1900, "typical_volume": 5830.0, "trend": 15.416135, "fair_value": 19.219122, "relative_strength": -16.728108, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.676291, "energy": 88.102332, "activity_lines": [ 13.736439, 14.252787, 15.040732, 15.262585 ] }, { "date": "2025-04-04", "close": 11.936082, "volume": 4300, "typical_volume": 5715.0, "trend": 15.335604, "fair_value": 19.138649, "relative_strength": -20.806656, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.115909, "energy": 95.965871, "activity_lines": [ 13.095287, 13.748091, 14.703789, 15.038065 ] }, { "date": "2025-04-11", "close": 11.866163, "volume": 66100, "typical_volume": 8895.0, "trend": 15.21959, "fair_value": 19.057665, "relative_strength": -22.211363, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.586937, "energy": 94.593898, "activity_lines": [ 12.590599, 13.306013, 14.375029, 14.81423 ] }, { "date": "2025-04-18", "close": 11.776268, "volume": 17700, "typical_volume": 9430.0, "trend": 15.089639, "fair_value": 18.991047, "relative_strength": -24.430904, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.645501, "energy": 92.324242, "activity_lines": [ 12.195093, 12.920564, 14.056203, 14.59208 ] }, { "date": "2025-04-25", "close": 12.705186, "volume": 10300, "typical_volume": 9470.0, "trend": 14.989128, "fair_value": 18.933094, "relative_strength": -19.854044, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.788491, "energy": 82.405602, "activity_lines": [ 12.237064, 12.766822, 13.846289, 14.438245 ] }, { "date": "2025-05-02", "close": 12.884974, "volume": 8800, "typical_volume": 9590.0, "trend": 14.904911, "fair_value": 18.875159, "relative_strength": -19.325717, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.209882, "energy": 63.865409, "activity_lines": [ 12.416188, 12.693323, 13.670847, 14.302493 ] }, { "date": "2025-05-09", "close": 13.354428, "volume": 7400, "typical_volume": 9555.0, "trend": 14.831691, "fair_value": 18.826853, "relative_strength": -17.090959, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.723627, "energy": 46.560167, "activity_lines": [ 12.789753, 12.749285, 13.558032, 14.202462 ] }, { "date": "2025-05-16", "close": 14.882646, "volume": 6500, "typical_volume": 9760.0, "trend": 14.821041, "fair_value": 18.786894, "relative_strength": -9.451348, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.934697, "energy": 22.807308, "activity_lines": [ 13.578167, 13.100891, 13.604687, 14.205749 ] }, { "date": "2025-05-23", "close": 13.634101, "volume": 14800, "typical_volume": 10395.0, "trend": 14.7711, "fair_value": 18.725691, "relative_strength": -16.18689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.405, "energy": 27.720281, "activity_lines": [ 13.7493, 13.208592, 13.540078, 14.129172 ] }, { "date": "2025-05-30", "close": 13.614125, "volume": 9400, "typical_volume": 10690.0, "trend": 14.719163, "fair_value": 18.666062, "relative_strength": -16.673939, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.182287, "energy": 27.321684, "activity_lines": [ 13.78992, 13.313748, 13.489821, 14.054529 ] }, { "date": "2025-06-06", "close": 13.704021, "volume": 10000, "typical_volume": 11165.0, "trend": 14.661251, "fair_value": 18.60619, "relative_strength": -16.356566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.540112, "energy": 24.071718, "activity_lines": [ 13.799909, 13.439783, 13.460339, 13.989036 ] }, { "date": "2025-06-13", "close": 14.423181, "volume": 1500, "typical_volume": 10990.0, "trend": 14.64027, "fair_value": 18.559628, "relative_strength": -11.662187, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.220685, "energy": 10.038415, "activity_lines": [ 13.995014, 13.692034, 13.512656, 13.973676 ] }, { "date": "2025-06-20", "close": 14.25338, "volume": 1300, "typical_volume": 11005.0, "trend": 14.590369, "fair_value": 18.5058, "relative_strength": -12.206287, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.186585, "energy": 11.77621, "activity_lines": [ 14.062269, 13.868192, 13.556688, 13.948716 ] }, { "date": "2025-06-27", "close": 14.702856, "volume": 5800, "typical_volume": 10730.0, "trend": 14.544817, "fair_value": 18.461914, "relative_strength": -9.695655, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.683858, "energy": 19.496013, "activity_lines": [ 14.321301, 14.08267, 13.651271, 13.955973 ] }, { "date": "2025-07-04", "close": 15.262585, "volume": 2900, "typical_volume": 10460.0, "trend": 14.508619, "fair_value": 18.411465, "relative_strength": -7.055756, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.149978, "energy": 53.665691, "activity_lines": [ 14.695658, 14.345705, 13.801676, 14.00228 ] }, { "date": "2025-07-11", "close": 15.502468, "volume": 1400, "typical_volume": 10315.0, "trend": 14.470449, "fair_value": 18.369363, "relative_strength": -4.92218, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.537844, "energy": 63.098317, "activity_lines": [ 15.040079, 14.605858, 13.975204, 14.0664 ] }, { "date": "2025-07-18", "close": 16.0522, "volume": 600, "typical_volume": 9865.0, "trend": 14.462897, "fair_value": 18.326687, "relative_strength": -2.194975, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 56.627701, "energy": 74.952417, "activity_lines": [ 15.447848, 14.91837, 14.200175, 14.168448 ] }, { "date": "2025-07-25", "close": 16.292084, "volume": 6100, "typical_volume": 9455.0, "trend": 14.456364, "fair_value": 18.266761, "relative_strength": -0.995531, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 55.664401, "energy": 80.745126, "activity_lines": [ 15.826977, 15.225448, 14.439803, 14.28646 ] }, { "date": "2025-08-01", "close": 15.692375, "volume": 2900, "typical_volume": 9290.0, "trend": 14.411194, "fair_value": 18.197127, "relative_strength": -2.675861, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.659694, "energy": 72.731445, "activity_lines": [ 15.870289, 15.397862, 14.61118, 14.366203 ] }, { "date": "2025-08-08", "close": 15.772336, "volume": 900, "typical_volume": 9030.0, "trend": 14.397635, "fair_value": 18.118738, "relative_strength": -4.515004, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 65.145006, "energy": 80.331064, "activity_lines": [ 15.874287, 15.547391, 14.780655, 14.454019 ] }, { "date": "2025-08-15", "close": 16.801836, "volume": 4100, "typical_volume": 9140.0, "trend": 14.407747, "fair_value": 18.052181, "relative_strength": 1.359572, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.590672, "energy": 90.034225, "activity_lines": [ 16.187468, 15.844861, 15.039088, 14.609128 ] }, { "date": "2025-08-22", "close": 17.091696, "volume": 3000, "typical_volume": 9075.0, "trend": 14.441493, "fair_value": 17.984078, "relative_strength": 1.789475, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.313081, "energy": 90.58778, "activity_lines": [ 16.510644, 16.138709, 15.309186, 14.782286 ] }, { "date": "2025-08-29", "close": 16.971752, "volume": 2300, "typical_volume": 5885.0, "trend": 14.477895, "fair_value": 17.926113, "relative_strength": 0.458174, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.836739, "energy": 89.010877, "activity_lines": [ 16.72454, 16.362231, 15.54331, 14.945529 ] }, { "date": "2025-09-05", "close": 17.251617, "volume": 3700, "typical_volume": 5185.0, "trend": 14.545252, "fair_value": 17.857206, "relative_strength": 0.524188, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.710388, "energy": 90.155805, "activity_lines": [ 16.986413, 16.587213, 15.779776, 15.124479 ] }, { "date": "2025-09-12", "close": 17.341574, "volume": 1900, "typical_volume": 4765.0, "trend": 14.612613, "fair_value": 17.789192, "relative_strength": 0.436412, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.785137, "energy": 88.727988, "activity_lines": [ 17.174321, 16.782209, 15.998736, 15.304886 ] }, { "date": "2025-09-19", "close": 18.640942, "volume": 800, "typical_volume": 4365.0, "trend": 14.723619, "fair_value": 17.743629, "relative_strength": 6.310309, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.076835, "energy": 91.163504, "activity_lines": [ 17.690737, 17.175654, 16.319368, 15.564779 ] }, { "date": "2025-09-26", "close": 19.050743, "volume": 700, "typical_volume": 4030.0, "trend": 14.880889, "fair_value": 17.702458, "relative_strength": 8.730441, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.760188, "energy": 95.034716, "activity_lines": [ 18.221146, 17.586545, 16.651619, 15.843948 ] }, { "date": "2025-10-03", "close": 19.49053, "volume": 21600, "typical_volume": 4785.0, "trend": 15.065461, "fair_value": 17.670096, "relative_strength": 8.640674, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.156809, "energy": 95.998069, "activity_lines": [ 18.767548, 18.022879, 16.998629, 16.141344 ] }, { "date": "2025-10-10", "close": 20.080244, "volume": 6700, "typical_volume": 4380.0, "trend": 15.278341, "fair_value": 17.654376, "relative_strength": 14.116811, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.709641, "energy": 96.802222, "activity_lines": [ 19.342602, 18.50828, 17.379859, 16.464879 ] }, { "date": "2025-10-17", "close": 21.229685, "volume": 1500, "typical_volume": 3985.0, "trend": 15.52388, "fair_value": 17.643817, "relative_strength": 19.256339, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.706974, "energy": 98.307236, "activity_lines": [ 20.112228, 19.12289, 17.839865, 16.848836 ] }, { "date": "2025-10-24", "close": 21.139729, "volume": 1600, "typical_volume": 3565.0, "trend": 15.78006, "fair_value": 17.621018, "relative_strength": 17.496374, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.544167, "energy": 94.913192, "activity_lines": [ 20.592661, 19.621921, 18.255039, 17.211149 ] }, { "date": "2025-10-31", "close": 20.759912, "volume": 5800, "typical_volume": 3780.0, "trend": 16.074188, "fair_value": 17.598684, "relative_strength": 15.510879, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.602985, "energy": 86.509414, "activity_lines": [ 20.779903, 19.973023, 18.598631, 17.53243 ] }, { "date": "2025-11-07", "close": 21.139729, "volume": 2900, "typical_volume": 3860.0, "trend": 16.383307, "fair_value": 17.568004, "relative_strength": 18.675437, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.337704, "energy": 70.306585, "activity_lines": [ 20.979806, 20.326487, 18.948222, 17.859239 ] }, { "date": "2025-11-14", "close": 19.910326, "volume": 400, "typical_volume": 3590.0, "trend": 16.654442, "fair_value": 17.535748, "relative_strength": 10.062711, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.353092, "energy": 66.321752, "activity_lines": [ 20.659962, 20.380643, 19.147934, 18.086789 ] }, { "date": "2025-11-21", "close": 19.180681, "volume": 1700, "typical_volume": 3530.0, "trend": 16.870292, "fair_value": 17.497932, "relative_strength": 6.553988, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.183975, "energy": 54.07522, "activity_lines": [ 20.10823, 20.253796, 19.253359, 18.249772 ] }, { "date": "2025-11-28", "close": 20.420078, "volume": 2100, "typical_volume": 3565.0, "trend": 17.121462, "fair_value": 17.469322, "relative_strength": 8.936923, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.871211, "energy": 46.052678, "activity_lines": [ 20.106231, 20.318855, 19.458165, 18.47879 ] }, { "date": "2025-12-05", "close": 21.079758, "volume": 1400, "typical_volume": 3605.0, "trend": 17.378973, "fair_value": 17.44948, "relative_strength": 12.578879, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.418922, "energy": 46.734372, "activity_lines": [ 20.372102, 20.471508, 19.702379, 18.734164 ] }, { "date": "2025-12-12", "close": 20.939827, "volume": 200, "typical_volume": 3310.0, "trend": 17.580879, "fair_value": 17.436307, "relative_strength": 11.045734, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.28538, "energy": 51.743199, "activity_lines": [ 20.570006, 20.561828, 19.909326, 18.963897 ] }, { "date": "2025-12-19", "close": 20.799892, "volume": 2800, "typical_volume": 3305.0, "trend": 17.819739, "fair_value": 17.433333, "relative_strength": 9.534092, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.782349, "energy": 54.18514, "activity_lines": [ 20.734592, 20.600354, 20.080814, 19.171575 ] }, { "date": "2025-12-26", "close": 20.699942, "volume": 900, "typical_volume": 3305.0, "trend": 18.055933, "fair_value": 17.435392, "relative_strength": 8.239428, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.38532, "energy": 51.943345, "activity_lines": [ 20.806557, 20.607623, 20.218462, 19.357394 ] }, { "date": "2026-01-02", "close": 19.980291, "volume": 0, "typical_volume": 3100.0, "trend": 18.265142, "fair_value": 17.433784, "relative_strength": 5.037735, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.391057, "energy": 40.414786, "activity_lines": [ 20.537354, 20.493679, 20.264106, 19.481547 ] }, { "date": "2026-01-09", "close": 21.679466, "volume": 1100, "typical_volume": 3005.0, "trend": 18.507018, "fair_value": 17.43071, "relative_strength": 11.379723, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.511199, "energy": 47.108142, "activity_lines": [ 20.863862, 20.709755, 20.456441, 19.701826 ] }, { "date": "2026-01-16", "close": 22.419107, "volume": 3000, "typical_volume": 3040.0, "trend": 18.779209, "fair_value": 17.435783, "relative_strength": 13.614105, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.727077, "energy": 56.86582, "activity_lines": [ 21.396937, 21.043593, 20.697372, 19.954218 ] }, { "date": "2026-01-23", "close": 22.529055, "volume": 2700, "typical_volume": 2990.0, "trend": 19.040082, "fair_value": 17.425232, "relative_strength": 13.634688, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.406012, "energy": 66.888082, "activity_lines": [ 21.868042, 21.37416, 20.922834, 20.196144 ] }, { "date": "2026-01-30", "close": 22.259186, "volume": 600, "typical_volume": 2925.0, "trend": 19.273302, "fair_value": 17.40778, "relative_strength": 16.287775, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.49331, "energy": 78.645444, "activity_lines": [ 22.133913, 21.608047, 21.097464, 20.403828 ] }, { "date": "2026-02-06", "close": 21.129732, "volume": 500, "typical_volume": 2910.0, "trend": 19.460877, "fair_value": 17.39078, "relative_strength": 8.34493, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.434677, "energy": 65.471412, "activity_lines": [ 21.91935, 21.580605, 21.141109, 20.523598 ] }, { "date": "2026-02-13", "close": 21.849384, "volume": 8200, "typical_volume": 3285.0, "trend": 19.654117, "fair_value": 17.372972, "relative_strength": 9.784553, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.688121, "energy": 46.846107, "activity_lines": [ 21.868042, 21.671107, 21.241441, 20.677695 ] }, { "date": "2026-02-20", "close": 22.319155, "volume": 7200, "typical_volume": 2565.0, "trend": 19.855019, "fair_value": 17.369901, "relative_strength": 9.499438, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.895176, "energy": 45.684139, "activity_lines": [ 21.961996, 21.833028, 21.373187, 20.849633 ] }, { "date": "2026-02-27", "close": 21.349627, "volume": 2100, "typical_volume": 2335.0, "trend": 20.043594, "fair_value": 17.352735, "relative_strength": 2.96094, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.347897, "energy": 27.083685, "activity_lines": [ 21.739437, 21.793593, 21.399126, 20.946059 ] }, { "date": "2026-03-06", "close": 20.010277, "volume": 3000, "typical_volume": 2410.0, "trend": 20.184859, "fair_value": 17.338394, "relative_strength": 0.034808, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 12.427224, "energy": 11.009788, "activity_lines": [ 21.149057, 21.500644, 21.291464, 20.94391 ] }, { "date": "2026-03-13", "close": 20.94982, "volume": 1700, "typical_volume": 2415.0, "trend": 20.323125, "fair_value": 17.337011, "relative_strength": 6.184791, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 23.376237, "energy": 16.500865, "activity_lines": [ 21.021786, 21.391061, 21.279089, 20.993262 ] }, { "date": "2026-03-20", "close": 21.009792, "volume": 3400, "typical_volume": 2295.0, "trend": 20.453728, "fair_value": 17.33242, "relative_strength": 10.248096, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.87924, "energy": 19.960888, "activity_lines": [ 20.926499, 21.274754, 21.27333, 21.037563 ] }, { "date": "2026-03-27", "close": 20.520031, "volume": 2400, "typical_volume": 2270.0, "trend": 20.572004, "fair_value": 17.318095, "relative_strength": 5.182902, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.829643, "energy": 15.973711, "activity_lines": [ 20.723931, 21.081575, 21.219737, 21.041841 ] }, { "date": "2026-04-03", "close": 21.23, "volume": 26500, "typical_volume": 3575.0, "trend": 20.704617, "fair_value": 17.319999, "relative_strength": 4.633097, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.816391, "energy": 10.20938, "activity_lines": [ 20.877961, 21.05201, 21.236712, 21.084292 ] }, { "date": "2026-04-10", "close": 22.1, "volume": 400, "typical_volume": 3510.0, "trend": 20.863231, "fair_value": 17.326532, "relative_strength": 6.510808, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.306115, "energy": 18.18802, "activity_lines": [ 21.329966, 21.204247, 21.330259, 21.174317 ] }, { "date": "2026-04-17", "close": 23.98, "volume": 2700, "typical_volume": 3540.0, "trend": 21.0412, "fair_value": 17.345748, "relative_strength": 12.638894, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 74.499817, "energy": 61.304861, "activity_lines": [ 22.269324, 21.701195, 21.588952, 21.375399 ] }, { "date": "2026-04-24", "close": 25.540001, "volume": 14400, "typical_volume": 4190.0, "trend": 21.257509, "fair_value": 17.385378, "relative_strength": 20.636169, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.82095, "energy": 85.092804, "activity_lines": [ 23.526669, 22.429958, 21.979265, 21.665644 ] }, { "date": "2026-05-01", "close": 26.23, "volume": 22500, "typical_volume": 5305.0, "trend": 21.482158, "fair_value": 17.428233, "relative_strength": 22.960963, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.88521, "energy": 92.91728, "activity_lines": [ 24.712, 23.217072, 22.414052, 21.98645 ] }, { "date": "2026-05-08", "close": 26.66, "volume": 15600, "typical_volume": 5945.0, "trend": 21.701483, "fair_value": 17.468541, "relative_strength": 23.328938, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.84167, "energy": 94.209614, "activity_lines": [ 25.66, 24.011262, 22.864601, 22.320504 ] }, { "date": "2026-05-15", "close": 27.35, "volume": 2300, "typical_volume": 6015.0, "trend": 21.905493, "fair_value": 17.512768, "relative_strength": 26.532051, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.653385, "energy": 94.254822, "activity_lines": [ 26.476, 24.834355, 23.352959, 22.684925 ] }, { "date": "2026-05-22", "close": 28.6, "volume": 4900, "typical_volume": 6260.0, "trend": 22.154169, "fair_value": 17.560337, "relative_strength": 28.69295, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.926252, "energy": 95.171104, "activity_lines": [ 27.358667, 25.75127, 23.928697, 23.116828 ] }, { "date": "2026-05-29", "close": 29.549999, "volume": 13900, "typical_volume": 6900.0, "trend": 22.447172, "fair_value": 17.612671, "relative_strength": 30.545034, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.729934, "energy": 95.354814, "activity_lines": [ 28.25, 26.701819, 24.553866, 23.593978 ] }, { "date": "2026-06-05", "close": 27.809999, "volume": 2000, "typical_volume": 6850.0, "trend": 22.669514, "fair_value": 17.652903, "relative_strength": 23.074825, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.172533, "energy": 82.761256, "activity_lines": [ 28.293999, 27.180727, 24.975841, 23.939967 ] }, { "date": "2026-06-12", "close": 28.049999, "volume": 1500, "typical_volume": 6790.0, "trend": 22.940837, "fair_value": 17.693475, "relative_strength": 21.354344, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.643122, "energy": 67.231467, "activity_lines": [ 28.312666, 27.570727, 25.395003, 24.287095 ] }, { "date": "2026-06-19", "close": 29.58, "volume": 700, "typical_volume": 6795.0, "trend": 23.287481, "fair_value": 17.748589, "relative_strength": 26.725722, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.364949, "energy": 70.663176, "activity_lines": [ 28.748666, 28.114909, 25.933588, 24.715429 ] }, { "date": "2026-06-26", "close": 26.58, "volume": 500, "typical_volume": 6795.0, "trend": 23.492811, "fair_value": 17.780397, "relative_strength": 13.155614, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.343005, "energy": 55.295218, "activity_lines": [ 28.036, 27.977636, 26.151599, 24.927849 ] }, { "date": "2026-07-03", "close": 26.549999, "volume": 500, "typical_volume": 6410.0, "trend": 23.675153, "fair_value": 17.804746, "relative_strength": 11.566779, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.840808, "energy": 43.25781, "activity_lines": [ 27.447999, 27.787636, 26.340798, 25.125087 ] }, { "date": "2026-07-10", "close": 25.629999, "volume": 12400, "typical_volume": 6670.0, "trend": 23.831492, "fair_value": 17.819596, "relative_strength": 7.059504, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.707695, "energy": 27.190437, "activity_lines": [ 26.753333, 27.411999, 26.419995, 25.251206 ] }, { "date": "2026-07-17", "close": 23.98, "volume": 23500, "typical_volume": 7740.0, "trend": 23.937495, "fair_value": 17.824564, "relative_strength": 0.022973, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.043867, "energy": 25.666154, "activity_lines": [ 25.654, 26.747272, 26.326283, 25.260787 ] }, { "date": "2026-07-24", "close": 22.59, "volume": 5900, "typical_volume": 7885.0, "trend": 24.000497, "fair_value": 17.821822, "relative_strength": -6.177555, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -19.737181, "energy": 36.124698, "activity_lines": [ 24.362666, 25.878545, 26.087664, 25.173852 ] }, { "date": "2026-07-31", "close": 22.690001, "volume": 7600, "typical_volume": 8180.0, "trend": 24.090821, "fair_value": 17.826041, "relative_strength": -5.548735, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -36.916104, "energy": 47.094176, "activity_lines": [ 23.570667, 25.114545, 25.846285, 25.089304 ] }, { "date": "2026-08-07", "close": 23.59, "volume": 4600, "typical_volume": 8240.0, "trend": 24.154505, "fair_value": 17.843232, "relative_strength": -5.134678, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.823452, "energy": 48.297621, "activity_lines": [ 23.338, 24.621636, 25.682333, 25.056993 ] } ], "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." } } }