{ "ticker": { "uuid": "f58407cb-3187-431b-af22-e0413a2269c9", "symbol": "KAT", "name": "Katana Capital Limited", "exchange": "ASX", "country": "AU", "assetType": "equity" }, "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": "^AXJO", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 75.685, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 47.707, "architecture_energy": 28.864, "architecture_maturity": 20.584, "architecture_confidence": 57.963, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 37.66, "rotation_up": 47.2, "upward_expansion": 67.79, "deceleration": 60.26, "rotation_down": 18.26, "downward_expansion": 8.79 }, "activity_lines": [ 1.379, 1.379248, 1.370645, 1.366888 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 1.385, "trend_reference": 1.364268, "distance_from_trend": 0.015196, "trend_direction": "Improving", "fair_value": 1.21663, "distance_from_fair_value": 0.13839, "fair_value_direction": "Improving", "relative_strength": -2.329141, "relative_strength_direction": "Weakening", "price_momentum": 0.011074, "excess_performance": -0.052632, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.015196, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.010501, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.13839, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.004962, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.023291, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.055985, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.011074, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.260316, "read": "Demand-led" } ], "volume": { "latest": 4593, "relative_activity": 0.414052, "balance": 1.260316, "dry_up": 1.568292, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.017458, "annualized_volatility": 0.110901, "from_high_reference": -0.034843, "from_low_reference": 0.111604 }, "levels": { "trend_reference": 1.364268, "fair_value_reference": 1.21663, "structural_low": 1.325, "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": 35, "median_return": 0.004255, "positive_rate": 0.514286, "directional_follow_through": 0.514286, "median_excess_return": -0.002434, "regime_survival": 0.742857, "best_return": 0.058823, "worst_return": -0.043478, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": 0.011802, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": 0.017878, "regime_survival": 0.357143, "best_return": 0.095677, "worst_return": -0.048403, "sufficient": true }, { "horizon": "Extended", "sample_count": 9, "median_return": 0.036844, "positive_rate": 0.888889, "directional_follow_through": 0.888889, "median_excess_return": 0.017683, "regime_survival": 0.666667, "best_return": 0.095084, "worst_return": -0.069753, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.061401, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.038701, "regime_survival": 0.5, "best_return": 0.140272, "worst_return": 0.008654, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-12", "end": "2024-03-08", "tenure": "Developing", "return": 0.013215, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-03-15", "end": "2024-03-29", "tenure": "New", "return": 0.012987, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-04-05", "end": "2024-08-30", "tenure": "Established", "return": 0.03406, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-09-06", "end": "2024-12-06", "tenure": "Established", "return": 0.016633, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-13", "end": "2025-01-31", "tenure": "Developing", "return": -0.004049, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-07", "end": "2025-02-21", "tenure": "New", "return": -0.008333, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-28", "end": "2025-04-11", "tenure": "Developing", "return": 0.008474, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-06-06", "tenure": "Developing", "return": 0.021276, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-07-18", "tenure": "Developing", "return": 0.037292, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2025-11-28", "tenure": "Established", "return": 0.079682, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-05", "end": "2026-01-23", "tenure": "Developing", "return": 0.026065, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-03-13", "tenure": "Developing", "return": -0.018182, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-07-03", "tenure": "Established", "return": 0.025633, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.010949, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 1.070598, "volume": 2150, "typical_volume": 61081.65, "trend": 1.05898, "fair_value": 0.98067, "relative_strength": 2.539252, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.974515, "energy": 31.412216, "activity_lines": [ 1.076652, 1.07451, 1.065096, 1.061223 ] }, { "date": "2023-08-25", "close": 1.070598, "volume": 14000, "typical_volume": 61754.2, "trend": 1.059301, "fair_value": 0.982789, "relative_strength": 2.863551, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.103197, "energy": 18.217011, "activity_lines": [ 1.073784, 1.074509, 1.066252, 1.061972 ] }, { "date": "2023-09-01", "close": 1.070598, "volume": 7427, "typical_volume": 61544.35, "trend": 1.059306, "fair_value": 0.984936, "relative_strength": 0.576556, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.466568, "energy": 14.992116, "activity_lines": [ 1.071235, 1.074074, 1.067317, 1.062701 ] }, { "date": "2023-09-08", "close": 1.070598, "volume": 22697, "typical_volume": 61584.65, "trend": 1.059942, "fair_value": 0.987026, "relative_strength": 2.251267, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.531082, "energy": 14.240393, "activity_lines": [ 1.070598, 1.073553, 1.068247, 1.06343 ] }, { "date": "2023-09-15", "close": 1.099275, "volume": 72265, "typical_volume": 63241.7, "trend": 1.060903, "fair_value": 0.989185, "relative_strength": 3.170996, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.979514, "energy": 29.175398, "activity_lines": [ 1.080157, 1.078158, 1.071794, 1.065967 ] }, { "date": "2023-09-22", "close": 1.070598, "volume": 131648, "typical_volume": 67107.25, "trend": 1.060908, "fair_value": 0.991188, "relative_strength": 3.50475, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.793488, "energy": 22.758808, "activity_lines": [ 1.078245, 1.076942, 1.07245, 1.066593 ] }, { "date": "2023-09-29", "close": 1.05148, "volume": 71088, "typical_volume": 70461.6, "trend": 1.060276, "fair_value": 0.993068, "relative_strength": 2.047205, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.176137, "energy": 9.041471, "activity_lines": [ 1.069961, 1.072162, 1.071128, 1.065985 ] }, { "date": "2023-10-06", "close": 1.05148, "volume": 51582, "typical_volume": 71800.5, "trend": 1.059644, "fair_value": 0.99492, "relative_strength": 3.414864, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.391128, "energy": 6.280592, "activity_lines": [ 1.062951, 1.067817, 1.069783, 1.065417 ] }, { "date": "2023-10-13", "close": 1.056282, "volume": 25586, "typical_volume": 69869.9, "trend": 1.059803, "fair_value": 0.996803, "relative_strength": 2.39773, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.090555, "energy": 16.347144, "activity_lines": [ 1.058816, 1.065214, 1.068827, 1.0652 ] }, { "date": "2023-10-20", "close": 1.056282, "volume": 0, "typical_volume": 69190.4, "trend": 1.059962, "fair_value": 0.998685, "relative_strength": 4.620792, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.710197, "energy": 52.524532, "activity_lines": [ 1.055636, 1.063045, 1.067781, 1.064973 ] }, { "date": "2023-10-27", "close": 1.080288, "volume": 72687, "typical_volume": 72824.6, "trend": 1.061554, "fair_value": 1.000721, "relative_strength": 8.039542, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.102135, "energy": 29.99146, "activity_lines": [ 1.063324, 1.065502, 1.068931, 1.066284 ] }, { "date": "2023-11-03", "close": 1.085089, "volume": 54125, "typical_volume": 71431.8, "trend": 1.062673, "fair_value": 1.002789, "relative_strength": 6.059201, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.25249, "energy": 34.151334, "activity_lines": [ 1.071966, 1.068655, 1.070446, 1.067803 ] }, { "date": "2023-11-10", "close": 1.085089, "volume": 26470, "typical_volume": 49671.4, "trend": 1.064109, "fair_value": 1.004739, "relative_strength": 5.846294, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.52971, "energy": 59.597855, "activity_lines": [ 1.078367, 1.071544, 1.071779, 1.069249 ] }, { "date": "2023-11-17", "close": 1.089891, "volume": 13494, "typical_volume": 47903.15, "trend": 1.065545, "fair_value": 1.006604, "relative_strength": 5.029545, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.10955, "energy": 62.740652, "activity_lines": [ 1.084129, 1.075043, 1.073478, 1.070912 ] }, { "date": "2023-11-24", "close": 1.089891, "volume": 0, "typical_volume": 42833.25, "trend": 1.066348, "fair_value": 1.008295, "relative_strength": 4.959075, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.162634, "energy": 75.584608, "activity_lines": [ 1.08765, 1.078191, 1.075062, 1.072483 ] }, { "date": "2023-12-01", "close": 1.080288, "volume": 137665, "typical_volume": 48927.25, "trend": 1.067782, "fair_value": 1.009982, "relative_strength": 3.414085, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.411432, "energy": 64.126299, "activity_lines": [ 1.08573, 1.079764, 1.075616, 1.073382 ] }, { "date": "2023-12-08", "close": 1.065884, "volume": 14270, "typical_volume": 48128.85, "trend": 1.068418, "fair_value": 1.011344, "relative_strength": 0.252819, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.415903, "energy": 24.411696, "activity_lines": [ 1.079008, 1.078542, 1.07473, 1.07326 ] }, { "date": "2023-12-15", "close": 1.065884, "volume": 0, "typical_volume": 41861.4, "trend": 1.069372, "fair_value": 1.012765, "relative_strength": -3.061045, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 14.859484, "energy": 12.383738, "activity_lines": [ 1.073566, 1.077058, 1.07389, 1.073097 ] }, { "date": "2023-12-22", "close": 1.070685, "volume": 968, "typical_volume": 36333.3, "trend": 1.070486, "fair_value": 1.014157, "relative_strength": -3.36511, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 18.468119, "energy": 25.327355, "activity_lines": [ 1.071005, 1.076185, 1.073665, 1.073181 ] }, { "date": "2023-12-29", "close": 1.089891, "volume": 29010, "typical_volume": 37356.6, "trend": 1.07224, "fair_value": 1.015644, "relative_strength": -2.747946, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.129651, "energy": 29.003014, "activity_lines": [ 1.076127, 1.078542, 1.075315, 1.074433 ] }, { "date": "2024-01-05", "close": 1.089891, "volume": 0, "typical_volume": 37249.1, "trend": 1.073201, "fair_value": 1.017044, "relative_strength": -1.388312, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 65.650033, "energy": 44.404478, "activity_lines": [ 1.081248, 1.080288, 1.076873, 1.075572 ] }, { "date": "2024-01-12", "close": 1.094713, "volume": 5716, "typical_volume": 36834.9, "trend": 1.074799, "fair_value": 1.018533, "relative_strength": -1.130666, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.202293, "energy": 74.594784, "activity_lines": [ 1.087337, 1.082736, 1.078798, 1.07696 ] }, { "date": "2024-01-19", "close": 1.089891, "volume": 26690, "typical_volume": 37798.05, "trend": 1.075601, "fair_value": 1.020019, "relative_strength": -0.601666, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.229863, "energy": 66.253992, "activity_lines": [ 1.089896, 1.084133, 1.080149, 1.077934 ] }, { "date": "2024-01-26", "close": 1.128471, "volume": 67078, "typical_volume": 40017.1, "trend": 1.077689, "fair_value": 1.021754, "relative_strength": 0.98657, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.604495, "energy": 95.908658, "activity_lines": [ 1.103715, 1.092456, 1.085083, 1.081344 ] }, { "date": "2024-02-02", "close": 1.123648, "volume": 114001, "typical_volume": 42103.9, "trend": 1.079617, "fair_value": 1.023369, "relative_strength": -1.380968, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.399531, "energy": 94.894023, "activity_lines": [ 1.112074, 1.099202, 1.089281, 1.08431 ] }, { "date": "2024-02-09", "close": 1.123648, "volume": 6873, "typical_volume": 35865.15, "trend": 1.081545, "fair_value": 1.025014, "relative_strength": -0.747964, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.28973, "energy": 91.263777, "activity_lines": [ 1.118183, 1.105333, 1.093364, 1.08715 ] }, { "date": "2024-02-16", "close": 1.10918, "volume": 5330, "typical_volume": 32577.25, "trend": 1.082671, "fair_value": 1.02639, "relative_strength": -2.187598, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.246443, "energy": 85.814756, "activity_lines": [ 1.117218, 1.108046, 1.095816, 1.088933 ] }, { "date": "2024-02-23", "close": 1.114003, "volume": 65949, "typical_volume": 33295.6, "trend": 1.083162, "fair_value": 1.027768, "relative_strength": -1.563735, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.501209, "energy": 60.59211, "activity_lines": [ 1.116896, 1.110848, 1.098453, 1.090955 ] }, { "date": "2024-03-01", "close": 1.114003, "volume": 574, "typical_volume": 32045.0, "trend": 1.084291, "fair_value": 1.029147, "relative_strength": -2.82035, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.896645, "energy": 55.558532, "activity_lines": [ 1.114967, 1.112775, 1.100792, 1.092944 ] }, { "date": "2024-03-08", "close": 1.10918, "volume": 129715, "typical_volume": 38530.75, "trend": 1.085577, "fair_value": 1.030523, "relative_strength": -4.386144, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.959446, "energy": 42.177936, "activity_lines": [ 1.112395, 1.113038, 1.102396, 1.09455 ] }, { "date": "2024-03-15", "close": 1.114003, "volume": 30148, "typical_volume": 36403.8, "trend": 1.087023, "fair_value": 1.032077, "relative_strength": -1.693069, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.265928, "energy": 39.621582, "activity_lines": [ 1.112395, 1.113828, 1.104208, 1.096384 ] }, { "date": "2024-03-22", "close": 1.114003, "volume": 11000, "typical_volume": 34247.55, "trend": 1.08847, "fair_value": 1.033455, "relative_strength": -2.863095, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.665314, "energy": 36.784521, "activity_lines": [ 1.113038, 1.114178, 1.10586, 1.098125 ] }, { "date": "2024-03-29", "close": 1.128471, "volume": 2339, "typical_volume": 33041.0, "trend": 1.090399, "fair_value": 1.034926, "relative_strength": -3.163253, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 76.910457, "energy": 54.58531, "activity_lines": [ 1.118183, 1.116809, 1.108752, 1.100705 ] }, { "date": "2024-04-05", "close": 1.138116, "volume": 34500, "typical_volume": 34091.3, "trend": 1.09265, "fair_value": 1.036605, "relative_strength": -0.792446, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.974107, "energy": 73.564542, "activity_lines": [ 1.125577, 1.120492, 1.112356, 1.103784 ] }, { "date": "2024-04-12", "close": 1.142959, "volume": 100000, "typical_volume": 39091.3, "trend": 1.094106, "fair_value": 1.038315, "relative_strength": -0.627061, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.438496, "energy": 87.084278, "activity_lines": [ 1.132979, 1.124879, 1.116191, 1.10703 ] }, { "date": "2024-04-19", "close": 1.147802, "volume": 22774, "typical_volume": 33346.75, "trend": 1.09668, "fair_value": 1.039732, "relative_strength": 2.587214, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.565388, "energy": 92.897889, "activity_lines": [ 1.139743, 1.129797, 1.120235, 1.110494 ] }, { "date": "2024-04-26", "close": 1.147802, "volume": 15600, "typical_volume": 33413.25, "trend": 1.09989, "fair_value": 1.041326, "relative_strength": 2.395002, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.486152, "energy": 92.206359, "activity_lines": [ 1.144253, 1.134275, 1.123957, 1.113792 ] }, { "date": "2024-05-03", "close": 1.142959, "volume": 2086, "typical_volume": 33517.55, "trend": 1.10294, "fair_value": 1.042889, "relative_strength": 1.172379, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.52293, "energy": 88.735239, "activity_lines": [ 1.144896, 1.13717, 1.126829, 1.116571 ] }, { "date": "2024-05-10", "close": 1.142959, "volume": 130, "typical_volume": 33475.65, "trend": 1.105829, "fair_value": 1.044335, "relative_strength": -0.436342, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.051355, "energy": 87.908343, "activity_lines": [ 1.144573, 1.139539, 1.129333, 1.119153 ] }, { "date": "2024-05-17", "close": 1.162331, "volume": 24606, "typical_volume": 33255.45, "trend": 1.109364, "fair_value": 1.045875, "relative_strength": 0.322378, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.12451, "energy": 96.700846, "activity_lines": [ 1.150385, 1.144904, 1.133338, 1.122798 ] }, { "date": "2024-05-24", "close": 1.172017, "volume": 50000, "typical_volume": 35755.45, "trend": 1.112421, "fair_value": 1.047418, "relative_strength": 2.205945, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.132573, "energy": 92.476363, "activity_lines": [ 1.158134, 1.151063, 1.13792, 1.12684 ] }, { "date": "2024-05-31", "close": 1.162331, "volume": 80742, "typical_volume": 39506.75, "trend": 1.114996, "fair_value": 1.049047, "relative_strength": 1.626459, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.786716, "energy": 69.210495, "activity_lines": [ 1.16104, 1.154407, 1.141189, 1.13006 ] }, { "date": "2024-06-07", "close": 1.172017, "volume": 92558, "typical_volume": 42800.15, "trend": 1.117894, "fair_value": 1.050561, "relative_strength": 0.407731, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.917307, "energy": 72.817582, "activity_lines": [ 1.166205, 1.158633, 1.145058, 1.133739 ] }, { "date": "2024-06-14", "close": 1.172017, "volume": 90000, "typical_volume": 43946.25, "trend": 1.120631, "fair_value": 1.05184, "relative_strength": 2.074262, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.536708, "energy": 70.268224, "activity_lines": [ 1.169434, 1.162067, 1.148536, 1.137231 ] }, { "date": "2024-06-21", "close": 1.172017, "volume": 35000, "typical_volume": 39996.2, "trend": 1.123369, "fair_value": 1.053412, "relative_strength": 1.132818, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.838822, "energy": 68.042299, "activity_lines": [ 1.170726, 1.164885, 1.151807, 1.140546 ] }, { "date": "2024-06-28", "close": 1.172017, "volume": 12030, "typical_volume": 40254.05, "trend": 1.126426, "fair_value": 1.054809, "relative_strength": 1.465498, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.65847, "energy": 67.867688, "activity_lines": [ 1.171371, 1.167174, 1.154848, 1.143684 ] }, { "date": "2024-07-05", "close": 1.172017, "volume": 0, "typical_volume": 39987.55, "trend": 1.129964, "fair_value": 1.056088, "relative_strength": 0.774417, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.31555, "energy": 65.987514, "activity_lines": [ 1.172017, 1.169023, 1.157658, 1.146626 ] }, { "date": "2024-07-12", "close": 1.17688, "volume": 0, "typical_volume": 36690.1, "trend": 1.133664, "fair_value": 1.057486, "relative_strength": -0.57394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.279807, "energy": 68.74734, "activity_lines": [ 1.173638, 1.171316, 1.160632, 1.149653 ] }, { "date": "2024-07-19", "close": 1.17688, "volume": 0, "typical_volume": 36661.4, "trend": 1.137204, "fair_value": 1.058767, "relative_strength": -0.735084, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.859357, "energy": 77.638247, "activity_lines": [ 1.174935, 1.172993, 1.163307, 1.152441 ] }, { "date": "2024-07-26", "close": 1.196333, "volume": 97235, "typical_volume": 35037.4, "trend": 1.140752, "fair_value": 1.060172, "relative_strength": 1.51299, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.750058, "energy": 74.499409, "activity_lines": [ 1.182392, 1.177589, 1.167535, 1.156255 ] }, { "date": "2024-08-02", "close": 1.206059, "volume": 10251, "typical_volume": 34042.55, "trend": 1.144624, "fair_value": 1.061639, "relative_strength": 1.998372, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.638828, "energy": 81.772575, "activity_lines": [ 1.19147, 1.183336, 1.172274, 1.160469 ] }, { "date": "2024-08-09", "close": 1.17688, "volume": 55000, "typical_volume": 36242.55, "trend": 1.147363, "fair_value": 1.06286, "relative_strength": 1.576918, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.378698, "energy": 64.702959, "activity_lines": [ 1.188552, 1.183158, 1.173796, 1.16255 ] }, { "date": "2024-08-16", "close": 1.17688, "volume": 0, "typical_volume": 36125.6, "trend": 1.150263, "fair_value": 1.064141, "relative_strength": -0.860339, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.988392, "energy": 62.484245, "activity_lines": [ 1.18531, 1.182716, 1.175019, 1.164454 ] }, { "date": "2024-08-23", "close": 1.17688, "volume": 0, "typical_volume": 34400.6, "trend": 1.151876, "fair_value": 1.06548, "relative_strength": -1.464428, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.18188, "energy": 48.471873, "activity_lines": [ 1.182067, 1.182185, 1.176011, 1.166171 ] }, { "date": "2024-08-30", "close": 1.17688, "volume": 0, "typical_volume": 29400.6, "trend": 1.153651, "fair_value": 1.06682, "relative_strength": -2.27157, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.159037, "energy": 30.249487, "activity_lines": [ 1.178825, 1.181566, 1.176818, 1.167785 ] }, { "date": "2024-09-06", "close": 1.17688, "volume": 0, "typical_volume": 28261.9, "trend": 1.155425, "fair_value": 1.06813, "relative_strength": -1.279389, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.100206, "energy": 30.765082, "activity_lines": [ 1.17688, 1.180859, 1.177464, 1.169283 ] }, { "date": "2024-09-13", "close": 1.157428, "volume": 53763, "typical_volume": 30170.05, "trend": 1.157033, "fair_value": 1.069285, "relative_strength": -3.846913, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.095282, "energy": 22.205678, "activity_lines": [ 1.170396, 1.176526, 1.176119, 1.169412 ] }, { "date": "2024-09-20", "close": 1.157428, "volume": 0, "typical_volume": 30065.75, "trend": 1.158481, "fair_value": 1.070559, "relative_strength": -5.001916, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -22.239146, "energy": 38.673728, "activity_lines": [ 1.165209, 1.172459, 1.174728, 1.169438 ] }, { "date": "2024-09-27", "close": 1.157428, "volume": 0, "typical_volume": 30059.25, "trend": 1.159928, "fair_value": 1.071685, "relative_strength": -4.931698, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -20.036287, "energy": 46.030516, "activity_lines": [ 1.161318, 1.168746, 1.173268, 1.16937 ] }, { "date": "2024-10-04", "close": 1.162291, "volume": 8095, "typical_volume": 29233.7, "trend": 1.161699, "fair_value": 1.072931, "relative_strength": -3.696373, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.121793, "energy": 41.218825, "activity_lines": [ 1.160346, 1.16627, 1.172203, 1.169522 ] }, { "date": "2024-10-11", "close": 1.176921, "volume": 35109, "typical_volume": 28489.15, "trend": 1.163796, "fair_value": 1.074123, "relative_strength": -3.167727, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.386952, "energy": 22.68863, "activity_lines": [ 1.165222, 1.167073, 1.172531, 1.170504 ] }, { "date": "2024-10-18", "close": 1.181804, "volume": 677219, "typical_volume": 58313.0, "trend": 1.166056, "fair_value": 1.07514, "relative_strength": -3.441982, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.971021, "energy": 20.668203, "activity_lines": [ 1.171724, 1.169294, 1.1733, 1.171666 ] }, { "date": "2024-10-25", "close": 1.172037, "volume": 40670, "typical_volume": 55718.6, "trend": 1.167508, "fair_value": 1.076004, "relative_strength": -3.206155, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.70353, "energy": 26.717193, "activity_lines": [ 1.173345, 1.169649, 1.173047, 1.172052 ] }, { "date": "2024-11-01", "close": 1.172037, "volume": 14, "typical_volume": 51219.3, "trend": 1.168639, "fair_value": 1.076691, "relative_strength": -1.960973, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.688288, "energy": 31.595941, "activity_lines": [ 1.173992, 1.170093, 1.172794, 1.172344 ] }, { "date": "2024-11-08", "close": 1.181804, "volume": 170949, "typical_volume": 58016.75, "trend": 1.169934, "fair_value": 1.077321, "relative_strength": -3.079643, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 57.460933, "energy": 43.010239, "activity_lines": [ 1.176921, 1.1724, 1.17347, 1.173194 ] }, { "date": "2024-11-15", "close": 1.172037, "volume": 5213, "typical_volume": 57675.9, "trend": 1.170742, "fair_value": 1.077889, "relative_strength": -3.600002, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 23.740424, "energy": 18.48096, "activity_lines": [ 1.175293, 1.172842, 1.17317, 1.173329 ] }, { "date": "2024-11-22", "close": 1.181804, "volume": 18280, "typical_volume": 58589.9, "trend": 1.171875, "fair_value": 1.078697, "relative_strength": -3.877915, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 50.183506, "energy": 30.506247, "activity_lines": [ 1.177246, 1.175148, 1.1738, 1.174043 ] }, { "date": "2024-11-29", "close": 1.181804, "volume": 38452, "typical_volume": 60512.5, "trend": 1.17317, "fair_value": 1.079565, "relative_strength": -4.202016, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 47.639503, "energy": 34.316203, "activity_lines": [ 1.179199, 1.177011, 1.174383, 1.174684 ] }, { "date": "2024-12-06", "close": 1.196455, "volume": 99984, "typical_volume": 65511.7, "trend": 1.174953, "fair_value": 1.080468, "relative_strength": -2.760653, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 76.520903, "energy": 57.195222, "activity_lines": [ 1.185385, 1.181094, 1.176339, 1.176186 ] }, { "date": "2024-12-13", "close": 1.215989, "volume": 50355, "typical_volume": 63167.7, "trend": 1.176742, "fair_value": 1.081495, "relative_strength": 0.270434, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.837287, "energy": 86.991787, "activity_lines": [ 1.196455, 1.18802, 1.180061, 1.178833 ] }, { "date": "2024-12-20", "close": 1.220872, "volume": 2996, "typical_volume": 62804.95, "trend": 1.17837, "fair_value": 1.082554, "relative_strength": 3.413729, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.597975, "energy": 93.59685, "activity_lines": [ 1.206873, 1.194856, 1.184155, 1.18168 ] }, { "date": "2024-12-27", "close": 1.220872, "volume": 0, "typical_volume": 60054.95, "trend": 1.180322, "fair_value": 1.083613, "relative_strength": 0.919801, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.669995, "energy": 93.245971, "activity_lines": [ 1.214035, 1.200894, 1.188178, 1.184422 ] }, { "date": "2025-01-03", "close": 1.220872, "volume": 5784, "typical_volume": 60344.15, "trend": 1.18195, "fair_value": 1.084672, "relative_strength": 1.025577, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.669952, "energy": 90.680488, "activity_lines": [ 1.218593, 1.206222, 1.191992, 1.187039 ] }, { "date": "2025-01-10", "close": 1.225775, "volume": 800, "typical_volume": 60384.15, "trend": 1.183742, "fair_value": 1.085762, "relative_strength": 0.87434, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.997426, "energy": 91.727879, "activity_lines": [ 1.222181, 1.211553, 1.196064, 1.189866 ] }, { "date": "2025-01-17", "close": 1.206163, "volume": 161000, "typical_volume": 68434.15, "trend": 1.18488, "fair_value": 1.086697, "relative_strength": -0.911907, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.11516, "energy": 74.282163, "activity_lines": [ 1.217276, 1.212341, 1.198034, 1.191313 ] }, { "date": "2025-01-24", "close": 1.18655, "volume": 50000, "typical_volume": 70934.15, "trend": 1.185365, "fair_value": 1.087685, "relative_strength": -3.560469, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.897354, "energy": 37.621123, "activity_lines": [ 1.20649, 1.20912, 1.197998, 1.19142 ] }, { "date": "2025-01-31", "close": 1.211066, "volume": 633, "typical_volume": 68277.65, "trend": 1.186666, "fair_value": 1.088651, "relative_strength": -2.940426, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.719704, "energy": 30.710375, "activity_lines": [ 1.206163, 1.210093, 1.20025, 1.193078 ] }, { "date": "2025-02-07", "close": 1.176744, "volume": 14689, "typical_volume": 69012.1, "trend": 1.186662, "fair_value": 1.089338, "relative_strength": -5.350933, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.939813, "energy": 22.222334, "activity_lines": [ 1.195049, 1.204293, 1.198978, 1.192438 ] }, { "date": "2025-02-14", "close": 1.176744, "volume": 142706, "typical_volume": 76147.4, "trend": 1.186657, "fair_value": 1.090024, "relative_strength": -5.751573, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.195038, "energy": 24.776392, "activity_lines": [ 1.186877, 1.198586, 1.197614, 1.191798 ] }, { "date": "2025-02-21", "close": 1.166938, "volume": 50000, "typical_volume": 78242.65, "trend": 1.185677, "fair_value": 1.090529, "relative_strength": -3.547753, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -38.171406, "energy": 42.060575, "activity_lines": [ 1.178705, 1.191453, 1.195224, 1.190526 ] }, { "date": "2025-02-28", "close": 1.157132, "volume": 33113, "typical_volume": 78142.85, "trend": 1.184047, "fair_value": 1.091, "relative_strength": -2.880815, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.726702, "energy": 58.865926, "activity_lines": [ 1.16988, 1.18343, 1.191878, 1.188685 ] }, { "date": "2025-03-07", "close": 1.157132, "volume": 0, "typical_volume": 44281.9, "trend": 1.183388, "fair_value": 1.091859, "relative_strength": -0.197046, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.421227, "energy": 72.854927, "activity_lines": [ 1.163016, 1.176566, 1.188626, 1.186948 ] }, { "date": "2025-03-14", "close": 1.157132, "volume": 0, "typical_volume": 42248.4, "trend": 1.18273, "fair_value": 1.092718, "relative_strength": 1.789258, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.245203, "energy": 75.868061, "activity_lines": [ 1.159747, 1.170861, 1.185492, 1.185254 ] }, { "date": "2025-03-21", "close": 1.157132, "volume": 0, "typical_volume": 42247.7, "trend": 1.182072, "fair_value": 1.09319, "relative_strength": -0.060141, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.314896, "energy": 77.669933, "activity_lines": [ 1.157786, 1.166314, 1.182429, 1.183603 ] }, { "date": "2025-03-28", "close": 1.166938, "volume": 25031, "typical_volume": 34951.8, "trend": 1.18174, "fair_value": 1.093933, "relative_strength": 0.101893, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.791563, "energy": 61.405347, "activity_lines": [ 1.160401, 1.164799, 1.18037, 1.182626 ] }, { "date": "2025-04-04", "close": 1.166938, "volume": 0, "typical_volume": 34691.15, "trend": 1.181409, "fair_value": 1.094646, "relative_strength": 4.124571, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.328577, "energy": 42.760788, "activity_lines": [ 1.163016, 1.163996, 1.178383, 1.181671 ] }, { "date": "2025-04-11", "close": 1.166938, "volume": 0, "typical_volume": 33777.15, "trend": 1.181726, "fair_value": 1.095389, "relative_strength": 4.334259, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -48.963933, "energy": 41.137111, "activity_lines": [ 1.164977, 1.16355, 1.176419, 1.180738 ] }, { "date": "2025-04-18", "close": 1.157153, "volume": 3506, "typical_volume": 32029.85, "trend": 1.181717, "fair_value": 1.096039, "relative_strength": 1.224706, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.951278, "energy": 43.181494, "activity_lines": [ 1.163023, 1.162128, 1.173595, 1.179152 ] }, { "date": "2025-04-25", "close": 1.157153, "volume": 0, "typical_volume": 27030.65, "trend": 1.181708, "fair_value": 1.09669, "relative_strength": -0.587205, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.61336, "energy": 51.005985, "activity_lines": [ 1.161067, 1.161062, 1.170888, 1.177568 ] }, { "date": "2025-05-02", "close": 1.162077, "volume": 60011, "typical_volume": 27513.45, "trend": 1.1817, "fair_value": 1.097372, "relative_strength": -3.322442, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.341824, "energy": 72.319045, "activity_lines": [ 1.160751, 1.161247, 1.168837, 1.176301 ] }, { "date": "2025-05-09", "close": 1.162077, "volume": 5000, "typical_volume": 27613.65, "trend": 1.181206, "fair_value": 1.098233, "relative_strength": -3.161938, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.051932, "energy": 83.888904, "activity_lines": [ 1.16076, 1.16152, 1.167043, 1.175035 ] }, { "date": "2025-05-16", "close": 1.181773, "volume": 22, "typical_volume": 27614.75, "trend": 1.181205, "fair_value": 1.099221, "relative_strength": -2.757308, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.234091, "energy": 38.325401, "activity_lines": [ 1.167658, 1.165285, 1.167404, 1.175072 ] }, { "date": "2025-05-23", "close": 1.181773, "volume": 0, "typical_volume": 27325.55, "trend": 1.181529, "fair_value": 1.10003, "relative_strength": -2.824935, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 14.5926, "energy": 38.59392, "activity_lines": [ 1.173566, 1.168602, 1.167952, 1.175108 ] }, { "date": "2025-05-30", "close": 1.176849, "volume": 24146, "typical_volume": 28492.85, "trend": 1.18169, "fair_value": 1.101106, "relative_strength": -3.931802, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 7.340875, "energy": 43.397723, "activity_lines": [ 1.176192, 1.170575, 1.168217, 1.174806 ] }, { "date": "2025-06-06", "close": 1.181773, "volume": 122962, "typical_volume": 26590.95, "trend": 1.181688, "fair_value": 1.102213, "relative_strength": -4.316506, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 22.751989, "energy": 50.532555, "activity_lines": [ 1.179147, 1.173085, 1.169184, 1.174812 ] }, { "date": "2025-06-13", "close": 1.191621, "volume": 11222, "typical_volume": 24652.05, "trend": 1.182341, "fair_value": 1.103085, "relative_strength": -3.719725, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 55.230329, "energy": 77.546304, "activity_lines": [ 1.184071, 1.177116, 1.171205, 1.175453 ] }, { "date": "2025-06-20", "close": 1.201469, "volume": 75800, "typical_volume": 28410.4, "trend": 1.182997, "fair_value": 1.104019, "relative_strength": -2.328051, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 59.99567, "energy": 84.213083, "activity_lines": [ 1.190308, 1.182489, 1.17414, 1.176687 ] }, { "date": "2025-06-27", "close": 1.196545, "volume": 15195, "typical_volume": 28435.7, "trend": 1.183488, "fair_value": 1.104922, "relative_strength": -2.693795, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.225686, "energy": 79.533353, "activity_lines": [ 1.193591, 1.186339, 1.176651, 1.177561 ] }, { "date": "2025-07-04", "close": 1.206393, "volume": 37774, "typical_volume": 23189.1, "trend": 1.183819, "fair_value": 1.106367, "relative_strength": -2.781303, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 64.002635, "energy": 86.390305, "activity_lines": [ 1.199171, 1.191263, 1.180006, 1.179039 ] }, { "date": "2025-07-11", "close": 1.211338, "volume": 0, "typical_volume": 20689.1, "trend": 1.183664, "fair_value": 1.107844, "relative_strength": -2.034985, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 62.725917, "energy": 86.177695, "activity_lines": [ 1.20443, 1.196191, 1.183691, 1.180814 ] }, { "date": "2025-07-18", "close": 1.236059, "volume": 100000, "typical_volume": 24033.45, "trend": 1.184171, "fair_value": 1.10972, "relative_strength": -1.972485, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 99.016025, "energy": 99.405859, "activity_lines": [ 1.215959, 1.204718, 1.189519, 1.184194 ] }, { "date": "2025-07-25", "close": 1.241003, "volume": 10000, "typical_volume": 24533.45, "trend": 1.184842, "fair_value": 1.111448, "relative_strength": -0.450749, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.617328, "energy": 98.692204, "activity_lines": [ 1.226173, 1.212798, 1.195442, 1.187861 ] }, { "date": "2025-08-01", "close": 1.250891, "volume": 116660, "typical_volume": 30366.45, "trend": 1.185842, "fair_value": 1.112757, "relative_strength": 0.498956, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.236976, "energy": 97.821179, "activity_lines": [ 1.237048, 1.2216, 1.201907, 1.192122 ] }, { "date": "2025-08-08", "close": 1.250891, "volume": 155416, "typical_volume": 38137.25, "trend": 1.18668, "fair_value": 1.114517, "relative_strength": -1.03385, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.996512, "energy": 92.782272, "activity_lines": [ 1.244299, 1.229145, 1.207926, 1.196319 ] }, { "date": "2025-08-15", "close": 1.275612, "volume": 3986, "typical_volume": 37085.0, "trend": 1.188994, "fair_value": 1.116316, "relative_strength": -0.496921, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.373941, "energy": 92.027785, "activity_lines": [ 1.256824, 1.239838, 1.215852, 1.202056 ] }, { "date": "2025-08-22", "close": 1.270668, "volume": 145000, "typical_volume": 44335.0, "trend": 1.191798, "fair_value": 1.118113, "relative_strength": -1.134984, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.025533, "energy": 73.460453, "activity_lines": [ 1.263416, 1.247926, 1.222791, 1.207326 ] }, { "date": "2025-08-29", "close": 1.265724, "volume": 202740, "typical_volume": 54472.0, "trend": 1.19362, "fair_value": 1.119728, "relative_strength": -1.524309, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.358543, "energy": 68.341181, "activity_lines": [ 1.266053, 1.253679, 1.228764, 1.212095 ] }, { "date": "2025-09-05", "close": 1.275612, "volume": 55250, "typical_volume": 57059.2, "trend": 1.196916, "fair_value": 1.121406, "relative_strength": 0.42639, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.763017, "energy": 71.216832, "activity_lines": [ 1.270338, 1.26006, 1.235209, 1.217385 ] }, { "date": "2025-09-12", "close": 1.305278, "volume": 1218, "typical_volume": 57120.1, "trend": 1.2012, "fair_value": 1.123425, "relative_strength": 2.774957, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.394483, "energy": 76.436533, "activity_lines": [ 1.282864, 1.270398, 1.243915, 1.224376 ] }, { "date": "2025-09-19", "close": 1.310222, "volume": 1024, "typical_volume": 54170.75, "trend": 1.205977, "fair_value": 1.125325, "relative_strength": 4.122246, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.86094, "energy": 75.44388, "activity_lines": [ 1.293412, 1.279837, 1.252386, 1.23141 ] }, { "date": "2025-09-26", "close": 1.315166, "volume": 876, "typical_volume": 53964.55, "trend": 1.211244, "fair_value": 1.127257, "relative_strength": 4.224399, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.772776, "energy": 80.558358, "activity_lines": [ 1.3033, 1.288377, 1.260623, 1.238454 ] }, { "date": "2025-10-03", "close": 1.339888, "volume": 12186, "typical_volume": 54572.75, "trend": 1.217336, "fair_value": 1.129347, "relative_strength": 3.734246, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.527378, "energy": 87.641953, "activity_lines": [ 1.318463, 1.299974, 1.270486, 1.246754 ] }, { "date": "2025-10-10", "close": 1.339888, "volume": 2324, "typical_volume": 54688.95, "trend": 1.223428, "fair_value": 1.131649, "relative_strength": 3.983621, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.724489, "energy": 89.674037, "activity_lines": [ 1.328681, 1.309773, 1.279595, 1.25466 ] }, { "date": "2025-10-17", "close": 1.359738, "volume": 62650, "typical_volume": 56614.15, "trend": 1.230182, "fair_value": 1.133837, "relative_strength": 4.97096, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.533838, "energy": 93.316271, "activity_lines": [ 1.341231, 1.321562, 1.289842, 1.263454 ] }, { "date": "2025-10-24", "close": 1.359738, "volume": 20100, "typical_volume": 51471.05, "trend": 1.236608, "fair_value": 1.136024, "relative_strength": 4.582979, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.006761, "energy": 89.478352, "activity_lines": [ 1.35015, 1.331373, 1.299218, 1.271813 ] }, { "date": "2025-10-31", "close": 1.3647, "volume": 1436, "typical_volume": 50981.75, "trend": 1.2432, "fair_value": 1.138243, "relative_strength": 6.452936, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.097794, "energy": 91.424352, "activity_lines": [ 1.357422, 1.340556, 1.308219, 1.280077 ] }, { "date": "2025-11-07", "close": 1.329963, "volume": 88611, "typical_volume": 51622.3, "trend": 1.248635, "fair_value": 1.140421, "relative_strength": 4.942173, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.211575, "energy": 67.992987, "activity_lines": [ 1.349813, 1.341714, 1.313088, 1.285674 ] }, { "date": "2025-11-14", "close": 1.349813, "volume": 19093, "typical_volume": 51817.2, "trend": 1.255056, "fair_value": 1.142605, "relative_strength": 7.962599, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.163501, "energy": 66.927748, "activity_lines": [ 1.349482, 1.345313, 1.319236, 1.292202 ] }, { "date": "2025-11-21", "close": 1.349813, "volume": 0, "typical_volume": 49928.5, "trend": 1.261478, "fair_value": 1.144729, "relative_strength": 10.471687, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.002825, "energy": 65.682116, "activity_lines": [ 1.34849, 1.347563, 1.324653, 1.298315 ] }, { "date": "2025-11-28", "close": 1.339888, "volume": 3903, "typical_volume": 50123.65, "trend": 1.267406, "fair_value": 1.146668, "relative_strength": 6.92496, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.957719, "energy": 55.068213, "activity_lines": [ 1.34485, 1.347198, 1.328442, 1.303374 ] }, { "date": "2025-12-05", "close": 1.339888, "volume": 37019, "typical_volume": 46974.6, "trend": 1.273333, "fair_value": 1.148607, "relative_strength": 6.486762, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.479488, "energy": 54.731494, "activity_lines": [ 1.342535, 1.346294, 1.33162, 1.30805 ] }, { "date": "2025-12-12", "close": 1.339888, "volume": 7400, "typical_volume": 46844.6, "trend": 1.278603, "fair_value": 1.150546, "relative_strength": 5.614792, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.135307, "energy": 51.945786, "activity_lines": [ 1.341873, 1.344941, 1.334302, 1.312344 ] }, { "date": "2025-12-19", "close": 1.320037, "volume": 20206, "typical_volume": 42021.9, "trend": 1.283212, "fair_value": 1.152419, "relative_strength": 4.94159, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.477332, "energy": 33.963446, "activity_lines": [ 1.333933, 1.339978, 1.334624, 1.315017 ] }, { "date": "2025-12-26", "close": 1.320037, "volume": 0, "typical_volume": 34251.1, "trend": 1.287985, "fair_value": 1.154261, "relative_strength": 3.210355, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.364141, "energy": 29.863371, "activity_lines": [ 1.327977, 1.335376, 1.334616, 1.317393 ] }, { "date": "2026-01-02", "close": 1.325, "volume": 57, "typical_volume": 34054.65, "trend": 1.292759, "fair_value": 1.155984, "relative_strength": 3.960091, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.821631, "energy": 29.124414, "activity_lines": [ 1.325662, 1.332399, 1.334751, 1.319781 ] }, { "date": "2026-01-09", "close": 1.329981, "volume": 0, "typical_volume": 26804.65, "trend": 1.297371, "fair_value": 1.157859, "relative_strength": 4.405011, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.771826, "energy": 27.105843, "activity_lines": [ 1.325999, 1.330958, 1.335126, 1.322183 ] }, { "date": "2026-01-16", "close": 1.344925, "volume": 39883, "typical_volume": 18661.8, "trend": 1.302153, "fair_value": 1.159679, "relative_strength": 3.291102, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.053427, "energy": 26.020534, "activity_lines": [ 1.331977, 1.332866, 1.336641, 1.325251 ] }, { "date": "2026-01-23", "close": 1.374812, "volume": 56811, "typical_volume": 18739.85, "trend": 1.308095, "fair_value": 1.161691, "relative_strength": 5.912558, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 77.992539, "energy": 60.971724, "activity_lines": [ 1.347583, 1.339936, 1.340626, 1.329938 ] }, { "date": "2026-01-30", "close": 1.369831, "volume": 413, "typical_volume": 18699.6, "trend": 1.313543, "fair_value": 1.16361, "relative_strength": 5.248906, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.656806, "energy": 83.979848, "activity_lines": [ 1.357876, 1.345646, 1.343664, 1.333921 ] }, { "date": "2026-02-06", "close": 1.369831, "volume": 5002, "typical_volume": 18898.5, "trend": 1.318826, "fair_value": 1.165651, "relative_strength": 6.91944, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.277829, "energy": 91.518432, "activity_lines": [ 1.36485, 1.350992, 1.346394, 1.337553 ] }, { "date": "2026-02-13", "close": 1.394737, "volume": 24486, "typical_volume": 20079.0, "trend": 1.324115, "fair_value": 1.16773, "relative_strength": 6.052928, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.086499, "energy": 97.7538, "activity_lines": [ 1.377137, 1.360322, 1.351213, 1.34245 ] }, { "date": "2026-02-20", "close": 1.36485, "volume": 1056, "typical_volume": 19522.5, "trend": 1.328244, "fair_value": 1.169617, "relative_strength": 1.780671, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.446629, "energy": 85.593124, "activity_lines": [ 1.375144, 1.363221, 1.352806, 1.345078 ] }, { "date": "2026-02-27", "close": 1.36485, "volume": 40594, "typical_volume": 21436.0, "trend": 1.332042, "fair_value": 1.171504, "relative_strength": 0.395163, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.24397, "energy": 63.3139, "activity_lines": [ 1.371824, 1.365665, 1.354281, 1.34744 ] }, { "date": "2026-03-06", "close": 1.36485, "volume": 403, "typical_volume": 18323.65, "trend": 1.335841, "fair_value": 1.173391, "relative_strength": 4.221036, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.068762, "energy": 54.506007, "activity_lines": [ 1.369167, 1.367295, 1.355636, 1.349557 ] }, { "date": "2026-03-13", "close": 1.344925, "volume": 71259, "typical_volume": 20881.6, "trend": 1.338151, "fair_value": 1.175272, "relative_strength": 5.384059, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.287641, "energy": 19.866563, "activity_lines": [ 1.360201, 1.364488, 1.35507, 1.350143 ] }, { "date": "2026-03-20", "close": 1.36485, "volume": 11380, "typical_volume": 21378.8, "trend": 1.341291, "fair_value": 1.177281, "relative_strength": 9.112431, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.507733, "energy": 21.350517, "activity_lines": [ 1.359537, 1.36494, 1.356472, 1.351865 ] }, { "date": "2026-03-27", "close": 1.334962, "volume": 261, "typical_volume": 16961.3, "trend": 1.343599, "fair_value": 1.179219, "relative_strength": 5.477228, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.614562, "energy": 14.291764, "activity_lines": [ 1.350902, 1.359325, 1.355026, 1.351457 ] }, { "date": "2026-04-03", "close": 1.344925, "volume": 1, "typical_volume": 16006.7, "trend": 1.345909, "fair_value": 1.1811, "relative_strength": 5.419242, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.407191, "energy": 20.277355, "activity_lines": [ 1.347582, 1.355702, 1.354506, 1.351542 ] }, { "date": "2026-04-10", "close": 1.33, "volume": 1191, "typical_volume": 16066.25, "trend": 1.346733, "fair_value": 1.182946, "relative_strength": -0.130384, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.185039, "energy": 28.240302, "activity_lines": [ 1.340614, 1.34991, 1.352587, 1.350516 ] }, { "date": "2026-04-17", "close": 1.35, "volume": 31030, "typical_volume": 17422.6, "trend": 1.348059, "fair_value": 1.18489, "relative_strength": 1.488553, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.503055, "energy": 22.679975, "activity_lines": [ 1.342637, 1.348477, 1.352668, 1.350727 ] }, { "date": "2026-04-24", "close": 1.385, "volume": 28972, "typical_volume": 17020.25, "trend": 1.350387, "fair_value": 1.186936, "relative_strength": 5.850611, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.249857, "energy": 19.271425, "activity_lines": [ 1.355987, 1.353769, 1.356034, 1.35311 ] }, { "date": "2026-05-01", "close": 1.38, "volume": 8, "typical_volume": 16650.65, "trend": 1.351724, "fair_value": 1.189133, "relative_strength": 5.920743, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 50.362584, "energy": 38.193989, "activity_lines": [ 1.366328, 1.358329, 1.358709, 1.355021 ] }, { "date": "2026-05-08", "close": 1.35, "volume": 265, "typical_volume": 15653.6, "trend": 1.352061, "fair_value": 1.191077, "relative_strength": 3.269389, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.458158, "energy": 26.494899, "activity_lines": [ 1.363667, 1.357159, 1.358335, 1.354909 ] }, { "date": "2026-05-15", "close": 1.35, "volume": 0, "typical_volume": 15653.6, "trend": 1.351736, "fair_value": 1.193081, "relative_strength": 4.430097, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.71763, "energy": 24.381772, "activity_lines": [ 1.360667, 1.356258, 1.357819, 1.354776 ] }, { "date": "2026-05-22", "close": 1.34, "volume": 60817, "typical_volume": 18691.6, "trend": 1.351079, "fair_value": 1.195022, "relative_strength": 3.164769, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.406521, "energy": 3.078285, "activity_lines": [ 1.353, 1.35381, 1.356208, 1.354019 ] }, { "date": "2026-05-29", "close": 1.335074, "volume": 0, "typical_volume": 18691.6, "trend": 1.350091, "fair_value": 1.196931, "relative_strength": 1.73179, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.219416, "energy": 24.965071, "activity_lines": [ 1.344358, 1.350555, 1.354057, 1.352987 ] }, { "date": "2026-06-05", "close": 1.364963, "volume": 9702, "typical_volume": 17182.55, "trend": 1.351258, "fair_value": 1.198879, "relative_strength": 5.033018, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 1.822803, "energy": 10.649424, "activity_lines": [ 1.349007, 1.353277, 1.354727, 1.353946 ] }, { "date": "2026-06-12", "close": 1.374926, "volume": 10508, "typical_volume": 14867.4, "trend": 1.352095, "fair_value": 1.200982, "relative_strength": 3.428565, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.451572, "energy": 19.960935, "activity_lines": [ 1.35798, 1.357264, 1.356251, 1.355473 ] }, { "date": "2026-06-19", "close": 1.355, "volume": 7452, "typical_volume": 15219.35, "trend": 1.352268, "fair_value": 1.202836, "relative_strength": 1.48653, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.250926, "energy": 17.825457, "activity_lines": [ 1.358649, 1.357083, 1.355877, 1.355661 ] }, { "date": "2026-06-26", "close": 1.379908, "volume": 545, "typical_volume": 14996.5, "trend": 1.353602, "fair_value": 1.20485, "relative_strength": 3.889266, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 62.622955, "energy": 41.533781, "activity_lines": [ 1.367288, 1.360976, 1.357946, 1.357444 ] }, { "date": "2026-07-03", "close": 1.399835, "volume": 12, "typical_volume": 13772.8, "trend": 1.3556, "fair_value": 1.206991, "relative_strength": 4.19528, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 76.169881, "energy": 70.726551, "activity_lines": [ 1.379908, 1.367948, 1.361864, 1.360427 ] }, { "date": "2026-07-10", "close": 1.37, "volume": 1505, "typical_volume": 13795.25, "trend": 1.356604, "fair_value": 1.208941, "relative_strength": 2.232902, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.722879, "energy": 57.003662, "activity_lines": [ 1.378266, 1.369226, 1.362917, 1.361356 ] }, { "date": "2026-07-17", "close": 1.4, "volume": 63365, "typical_volume": 14933.8, "trend": 1.359269, "fair_value": 1.211022, "relative_strength": 4.344638, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.925898, "energy": 67.354508, "activity_lines": [ 1.386288, 1.376141, 1.366802, 1.364155 ] }, { "date": "2026-07-24", "close": 1.37, "volume": 625, "typical_volume": 14944.9, "trend": 1.360934, "fair_value": 1.212757, "relative_strength": 2.225342, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.575521, "energy": 47.471027, "activity_lines": [ 1.382639, 1.376692, 1.367663, 1.364848 ] }, { "date": "2026-07-31", "close": 1.37, "volume": 1004, "typical_volume": 11432.15, "trend": 1.362434, "fair_value": 1.214615, "relative_strength": -0.206509, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.60438, "energy": 27.37108, "activity_lines": [ 1.377989, 1.376879, 1.3685, 1.365433 ] }, { "date": "2026-08-07", "close": 1.385, "volume": 4593, "typical_volume": 11092.8, "trend": 1.364268, "fair_value": 1.21663, "relative_strength": -2.329141, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.706657, "energy": 28.863762, "activity_lines": [ 1.379, 1.379248, 1.370645, 1.366888 ] } ], "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." } } }