{ "ticker": { "uuid": "04030ad4-83e6-4757-920a-1a5f6e13da19", "symbol": "CGCV", "name": "CAPITAL GROUP CONSERVATIVE EQUITY ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 91.527, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 88.139, "architecture_energy": 79.806, "architecture_maturity": 33.665, "architecture_confidence": 75.284, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 0.66, "rotation_up": 76.13, "upward_expansion": 93.73, "deceleration": 45.42, "rotation_down": 18.22, "downward_expansion": 15.73 }, "activity_lines": [ 33.312667, 33.040048, 32.503784, 32.055441 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 33.85, "trend_reference": 31.611468, "distance_from_trend": 0.070814, "trend_direction": "Improving", "fair_value": 28.596846, "distance_from_fair_value": 0.183697, "fair_value_direction": "Improving", "relative_strength": -2.209222, "relative_strength_direction": "Improving", "price_momentum": 0.075939, "excess_performance": -0.049686, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.070814, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.02746, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.183697, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.068032, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.022092, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.041331, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.075939, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.849559, "read": "Demand-led" } ], "volume": { "latest": 1093702, "relative_activity": 0.709202, "balance": 3.849559, "dry_up": 0.895289, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.016224, "annualized_volatility": 0.09827, "from_high_reference": -0.003239, "from_low_reference": 0.181576 }, "levels": { "trend_reference": 31.611468, "fair_value_reference": 28.596846, "structural_low": 29.136179, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": 0.014801, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": 0.008614, "regime_survival": 0.833333, "best_return": 0.036306, "worst_return": -0.078056, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.028902, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.022087, "regime_survival": 0.5, "best_return": 0.080892, "worst_return": -0.023088, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.079745, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.016245, "regime_survival": 1.0, "best_return": 0.079745, "worst_return": 0.079745, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-02", "end": "2026-03-13", "tenure": "Developing", "return": -0.009129, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": -0.008763, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.048676, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-01", "tenure": "New", "return": 0.005658, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-08-07", "tenure": "Established", "return": 0.080892, "active": true } ], "chart_path": [ { "date": "2024-06-28", "close": 24.255359, "volume": 480375, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 24.414565, "volume": 1029017, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 24.786761, "volume": 138226, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 24.745644, "volume": 128091, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 25.059866, "volume": 111053, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 24.881856, "volume": 84883, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 24.877958, "volume": 130483, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 25.532418, "volume": 171681, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 25.897794, "volume": 200614, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 26.137967, "volume": 83829, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 25.4496, "volume": 145615, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 26.160864, "volume": 78528, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 26.394704, "volume": 161323, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 26.511624, "volume": 208346, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 26.64416, "volume": 218928, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 26.796319, "volume": 567243, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 27.040633, "volume": 143549, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 26.581323, "volume": 228110, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 26.293033, "volume": 233029, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 27.128586, "volume": 167001, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 26.464052, "volume": 495733, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 26.981997, "volume": 877241, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 27.265401, "volume": 251867, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 26.918476, "volume": 392248, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 26.630283, "volume": 375893, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 26.092696, "volume": 578465, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 26.295458, "volume": 270841, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 26.192474, "volume": 383305, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 25.785438, "volume": 376304, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 26.599509, "volume": 800187, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 27.119337, "volume": 200303, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 27.148761, "volume": 780554, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 27.237034, "volume": 533756, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 27.482236, "volume": 466954, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 27.37268, "volume": 776480, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 27.447908, "volume": 505392, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 27.065393, "volume": 660221, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 26.466511, "volume": 780446, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 26.604413, "volume": 416998, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 26.482596, "volume": 439147, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 24.493125, "volume": 511942, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 25.379131, "volume": 2250285, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 25.190215, "volume": 660601, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 25.812289, "volume": 1224319, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 26.609694, "volume": 664875, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 26.363581, "volume": 638039, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 27.19052, "volume": 1022742, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 26.77705, "volume": 673078, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 27.249587, "volume": 500566, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 27.603989, "volume": 528173, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 27.613833, "volume": 589908, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 27.471088, "volume": 432643, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 28.096214, "volume": 519712, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 28.608656, "volume": 507334, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 28.608656, "volume": 1029190, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 28.618538, "volume": 554623, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 29.115311, "volume": 1055783, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 28.440661, "volume": 852766, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 28.76677, "volume": 891532, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 28.954529, "volume": 12306439, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 29.162053, "volume": 1452015, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 29.132407, "volume": 1716739, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 29.122525, "volume": 590762, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 29.507926, "volume": 868224, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 29.685804, "volume": 982024, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 29.651217, "volume": 867598, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 30.051465, "volume": 816378, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 29.337842, "volume": 992745, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 29.764033, "volume": 1372606, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 30.219959, "volume": 1732464, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 29.74421, "volume": 2357050, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 29.684742, "volume": 1620910, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 29.833413, "volume": 1315883, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 29.496425, "volume": 1971055, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 30.527214, "volume": 1327457, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-05", "close": 30.239782, "volume": 1122003, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-12", "close": 30.234826, "volume": 1869792, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-19", "close": 30.210048, "volume": 2182203, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-26", "close": 30.634554, "volume": 2254560, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-02", "close": 30.534995, "volume": 1428703, "typical_volume": 1442058.55, "trend": 29.36899, "fair_value": 27.437282, "relative_strength": -2.496997, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.443277, "energy": 47.653074, "activity_lines": [ 30.436851, 30.273809, 30.051252, 29.794258 ] }, { "date": "2026-01-09", "close": 30.923278, "volume": 2537120, "typical_volume": 1496313.8, "trend": 29.479305, "fair_value": 27.480319, "relative_strength": -2.792084, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.661481, "energy": 61.849936, "activity_lines": [ 30.620997, 30.420947, 30.154538, 29.894534 ] }, { "date": "2026-01-16", "close": 31.142309, "volume": 1896303, "typical_volume": 1505292.0, "trend": 29.601679, "fair_value": 27.524977, "relative_strength": -1.762128, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.674001, "energy": 75.416947, "activity_lines": [ 30.832587, 30.586471, 30.270298, 30.001825 ] }, { "date": "2026-01-23", "close": 30.79385, "volume": 1714590, "typical_volume": 1561483.4, "trend": 29.6916, "fair_value": 27.564361, "relative_strength": -2.500447, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.806008, "energy": 63.469052, "activity_lines": [ 30.867524, 30.662137, 30.3433, 30.078739 ] }, { "date": "2026-01-30", "close": 30.953146, "volume": 1180901, "typical_volume": 1577117.25, "trend": 29.76975, "fair_value": 27.604704, "relative_strength": -2.346965, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.170564, "energy": 66.201086, "activity_lines": [ 30.916641, 30.749304, 30.423514, 30.160129 ] }, { "date": "2026-02-06", "close": 31.460901, "volume": 2536931, "typical_volume": 1654862.6, "trend": 29.864824, "fair_value": 27.650071, "relative_strength": -0.537971, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.50958, "energy": 68.363877, "activity_lines": [ 31.113769, 30.902304, 30.545204, 30.269236 ] }, { "date": "2026-02-13", "close": 31.520637, "volume": 1503695, "typical_volume": 1686667.45, "trend": 29.961561, "fair_value": 27.695078, "relative_strength": 0.920618, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.604227, "energy": 64.141626, "activity_lines": [ 31.269082, 31.049189, 30.664131, 30.376062 ] }, { "date": "2026-02-20", "close": 31.679932, "volume": 1148071, "typical_volume": 1703252.1, "trend": 30.047048, "fair_value": 27.740881, "relative_strength": 0.309538, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.169368, "energy": 77.486387, "activity_lines": [ 31.43767, 31.201749, 30.789326, 30.486925 ] }, { "date": "2026-02-27", "close": 31.75958, "volume": 1537121, "typical_volume": 1730470.9, "trend": 30.157679, "fair_value": 27.786548, "relative_strength": 1.084601, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.766299, "energy": 84.882552, "activity_lines": [ 31.596966, 31.342515, 30.914352, 30.597411 ] }, { "date": "2026-03-06", "close": 30.763982, "volume": 1437763, "typical_volume": 1733728.75, "trend": 30.224253, "fair_value": 27.820002, "relative_strength": -0.027031, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.475361, "energy": 50.021358, "activity_lines": [ 31.360013, 31.27409, 30.933028, 30.636527 ] }, { "date": "2026-03-13", "close": 30.256227, "volume": 1757522, "typical_volume": 1734981.65, "trend": 30.267643, "fair_value": 27.847071, "relative_strength": -0.099696, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.396658, "energy": 19.658467, "activity_lines": [ 30.96642, 31.110993, 30.898584, 30.63859 ] }, { "date": "2026-03-20", "close": 29.539396, "volume": 1745079, "typical_volume": 1704383.1, "trend": 30.280221, "fair_value": 27.865668, "relative_strength": -0.588084, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.960456, "energy": 21.493278, "activity_lines": [ 30.414195, 30.822632, 30.795697, 30.591606 ] }, { "date": "2026-03-27", "close": 29.280541, "volume": 1767176, "typical_volume": 1711696.4, "trend": 30.285159, "fair_value": 27.881047, "relative_strength": 0.87695, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -40.353771, "energy": 46.101525, "activity_lines": [ 29.907768, 30.512367, 30.669133, 30.527111 ] }, { "date": "2026-04-03", "close": 29.83, "volume": 1459114, "typical_volume": 1718857.95, "trend": 30.308741, "fair_value": 27.902004, "relative_strength": -0.488519, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.566944, "energy": 41.082584, "activity_lines": [ 29.744453, 30.335855, 30.596824, 30.497746 ] }, { "date": "2026-04-10", "close": 30.8, "volume": 1462211, "typical_volume": 1693415.75, "trend": 30.35181, "fair_value": 27.932833, "relative_strength": -0.711202, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -13.178814, "energy": 28.842382, "activity_lines": [ 30.033109, 30.35323, 30.616911, 30.52944 ] }, { "date": "2026-04-17", "close": 31.282, "volume": 1585768, "typical_volume": 1706331.3, "trend": 30.405017, "fair_value": 27.968088, "relative_strength": -3.336905, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 36.92904, "energy": 19.53992, "activity_lines": [ 30.480032, 30.461027, 30.676696, 30.589452 ] }, { "date": "2026-04-24", "close": 31.2, "volume": 1876968, "typical_volume": 1744079.55, "trend": 30.456643, "fair_value": 28.001754, "relative_strength": -3.952926, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.16929, "energy": 29.840669, "activity_lines": [ 30.831236, 30.557167, 30.725077, 30.640742 ] }, { "date": "2026-05-01", "close": 31.376521, "volume": 1427453, "typical_volume": 1721962.6, "trend": 30.500811, "fair_value": 28.036545, "relative_strength": -4.148856, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 50.958067, "energy": 40.30768, "activity_lines": [ 31.130574, 30.691231, 30.785697, 30.700088 ] }, { "date": "2026-05-08", "close": 31.316737, "volume": 1527103, "typical_volume": 1689207.6, "trend": 30.566775, "fair_value": 28.070016, "relative_strength": -6.342344, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.367963, "energy": 40.991535, "activity_lines": [ 31.270251, 30.819943, 30.835187, 30.752729 ] }, { "date": "2026-05-15", "close": 31.595728, "volume": 1079582, "typical_volume": 1630458.7, "trend": 30.627831, "fair_value": 28.10563, "relative_strength": -5.564306, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.151441, "energy": 61.360083, "activity_lines": [ 31.40381, 31.007431, 30.905977, 30.819113 ] }, { "date": "2026-05-22", "close": 32.044106, "volume": 1240725, "typical_volume": 1621059.8, "trend": 30.688636, "fair_value": 28.145014, "relative_strength": -4.901951, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.5151, "energy": 67.49157, "activity_lines": [ 31.63378, 31.261321, 31.014893, 30.910486 ] }, { "date": "2026-05-29", "close": 32.083962, "volume": 1183569, "typical_volume": 1553382.25, "trend": 30.766628, "fair_value": 28.184014, "relative_strength": -5.973951, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.083368, "energy": 67.677693, "activity_lines": [ 31.826228, 31.48995, 31.120419, 31.000507 ] }, { "date": "2026-06-05", "close": 31.814935, "volume": 1275142, "typical_volume": 1522324.2, "trend": 30.837634, "fair_value": 28.219611, "relative_strength": -4.227836, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.719163, "energy": 65.223621, "activity_lines": [ 31.870069, 31.6234, 31.194796, 31.068139 ] }, { "date": "2026-06-12", "close": 32.233421, "volume": 1124381, "typical_volume": 1492813.75, "trend": 30.917634, "fair_value": 28.25858, "relative_strength": -3.380161, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.78133, "energy": 70.235283, "activity_lines": [ 32.024178, 31.786858, 31.305825, 31.15819 ] }, { "date": "2026-06-19", "close": 32.183602, "volume": 1183827, "typical_volume": 1492960.05, "trend": 31.007207, "fair_value": 28.296321, "relative_strength": -4.269264, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.624315, "energy": 67.433646, "activity_lines": [ 32.100569, 31.89756, 31.405255, 31.239865 ] }, { "date": "2026-06-26", "close": 32.482521, "volume": 3043610, "typical_volume": 1518294.0, "trend": 31.072384, "fair_value": 28.336189, "relative_strength": -0.958237, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.607064, "energy": 68.124924, "activity_lines": [ 32.237407, 32.037455, 31.527294, 31.335047 ] }, { "date": "2026-07-03", "close": 32.97, "volume": 1654243, "typical_volume": 1525821.4, "trend": 31.163391, "fair_value": 28.379904, "relative_strength": -1.519537, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.826341, "energy": 80.84296, "activity_lines": [ 32.507511, 32.244154, 31.690895, 31.457474 ] }, { "date": "2026-07-10", "close": 33.09, "volume": 2429593, "typical_volume": 1589897.5, "trend": 31.258564, "fair_value": 28.423924, "relative_strength": -2.386016, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.445579, "energy": 88.303641, "activity_lines": [ 32.758546, 32.44049, 31.859023, 31.581771 ] }, { "date": "2026-07-17", "close": 32.88, "volume": 1610965, "typical_volume": 1593589.7, "trend": 31.347562, "fair_value": 28.465184, "relative_strength": -1.405002, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.601537, "energy": 85.992218, "activity_lines": [ 32.854576, 32.56749, 32.000436, 31.68638 ] }, { "date": "2026-07-24", "close": 33.05, "volume": 1423761, "typical_volume": 1592889.6, "trend": 31.428077, "fair_value": 28.507247, "relative_strength": -0.247279, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.415188, "energy": 86.660275, "activity_lines": [ 32.964168, 32.696976, 32.152704, 31.796215 ] }, { "date": "2026-07-31", "close": 33.11, "volume": 1394287, "typical_volume": 1574727.85, "trend": 31.51391, "fair_value": 28.54909, "relative_strength": -1.067928, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.331133, "energy": 81.284096, "activity_lines": [ 33.036, 32.810929, 32.299801, 31.904726 ] }, { "date": "2026-08-07", "close": 33.85, "volume": 1093702, "typical_volume": 1542159.0, "trend": 31.611468, "fair_value": 28.596846, "relative_strength": -2.209222, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.138831, "energy": 79.805665, "activity_lines": [ 33.312667, 33.040048, 32.503784, 32.055441 ] } ], "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." } } }