{ "ticker": { "uuid": "06b7f0d5-ffe9-4fb1-88aa-6e9765f1c769", "symbol": "MWRD", "name": "Amundi Core MSCI World UCITS ETF Acc", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 82.852, "architecture_energy": 65.599, "architecture_maturity": 83.272, "architecture_confidence": 64.118, "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": 14.85, "rotation_up": 54.07, "upward_expansion": 82.21, "deceleration": 71.38, "rotation_down": 28.15, "downward_expansion": 11.21 }, "activity_lines": [ 158.408665, 157.679817, 155.292333, 152.070796 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 161.589996, "trend_reference": 148.309334, "distance_from_trend": 0.089547, "trend_direction": "Improving", "fair_value": 130.01683, "distance_from_fair_value": 0.242839, "fair_value_direction": "Improving", "relative_strength": -3.534626, "relative_strength_direction": "Weakening", "price_momentum": 0.142786, "excess_performance": -0.028105, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.089547, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.041588, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.242839, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.062822, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.035346, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.002814, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.142786, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.899182, "read": "Demand-led" } ], "volume": { "latest": 53780, "relative_activity": 1.042805, "balance": 3.899182, "dry_up": 1.160983, "accumulation_observations": 6, "distribution_observations": 0 }, "risk": { "range_context": 0.019089, "annualized_volatility": 0.107688, "from_high_reference": -0.020667, "from_low_reference": 0.241472 }, "levels": { "trend_reference": 148.309334, "fair_value_reference": 130.01683, "structural_low": 134.619995, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": 0.018089, "positive_rate": 0.875, "directional_follow_through": 0.875, "median_excess_return": -0.010104, "regime_survival": 0.75, "best_return": 0.198285, "worst_return": -0.15803, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.061854, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.019542, "regime_survival": 0.333333, "best_return": 0.06446, "worst_return": 0.035318, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.084094, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.034732, "regime_survival": 0.0, "best_return": 0.084094, "worst_return": 0.084094, "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": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-25", "end": "2025-08-22", "tenure": "Developing", "return": 0.020883, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-11-21", "tenure": "Established", "return": 0.032953, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-01-16", "tenure": "Developing", "return": 0.030242, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-02-13", "tenure": "New", "return": -0.004238, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-20", "end": "2026-03-27", "tenure": "Developing", "return": -0.05427, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.023751, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": 0.000546, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.099551, "active": true } ], "chart_path": [ { "date": "2024-01-19", "close": 103.199997, "volume": 3333, "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": "2024-01-26", "close": 106.519997, "volume": 11545, "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": "2024-02-02", "close": 107.980003, "volume": 21898, "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": "2024-02-09", "close": 109.080002, "volume": 33587, "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": "2024-02-16", "close": 110.050003, "volume": 25994, "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": "2024-02-23", "close": 110.809998, "volume": 14018, "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": "2024-03-01", "close": 111.349998, "volume": 4024, "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": "2024-03-08", "close": 111.529999, "volume": 15173, "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": "2024-03-15", "close": 111.209999, "volume": 38593, "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": "2024-03-22", "close": 114.050003, "volume": 24945, "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": "2024-03-29", "close": 114.720001, "volume": 3379, "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": "2024-04-05", "close": 113.07, "volume": 7422, "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": "2024-04-12", "close": 113.889999, "volume": 10814, "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": "2024-04-19", "close": 110.57, "volume": 96781, "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": "2024-04-26", "close": 112.629997, "volume": 15171, "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": "2024-05-03", "close": 112.349998, "volume": 44306, "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": "2024-05-10", "close": 114.650002, "volume": 59121, "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": "2024-05-17", "close": 115.349998, "volume": 8629, "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": "2024-05-24", "close": 115.540001, "volume": 21630, "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": "2024-05-31", "close": 113.82, "volume": 5250, "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": "2024-06-07", "close": 116.760002, "volume": 36029, "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": "2024-06-14", "close": 118.019997, "volume": 17273, "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": "2024-06-21", "close": 118.970001, "volume": 13564, "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": "2024-06-28", "close": 119.449997, "volume": 4219, "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": 119.660004, "volume": 9601, "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": 121.0, "volume": 18751, "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": 118.459999, "volume": 32531, "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": 117.57, "volume": 29856, "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": 113.660004, "volume": 16953, "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": 114.07, "volume": 33108, "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": 117.970001, "volume": 8467, "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": 118.379997, "volume": 5543, "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": 119.379997, "volume": 16711, "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": 114.959999, "volume": 17558, "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": 119.150002, "volume": 9305, "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": 119.669998, "volume": 12239, "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": 121.410004, "volume": 32153, "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": 122.129997, "volume": 17320, "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": 123.93, "volume": 24728, "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": 125.629997, "volume": 18912, "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": 125.150002, "volume": 15903, "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": 123.339996, "volume": 49966, "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": 128.490005, "volume": 36772, "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": 128.220001, "volume": 34075, "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": 131.759995, "volume": 28265, "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": 131.630005, "volume": 59810, "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": 132.949997, "volume": 53664, "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": 132.350006, "volume": 66842, "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": 130.759995, "volume": 40215, "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": 131.229996, "volume": 4941, "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": 131.949997, "volume": 16598, "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": 130.839996, "volume": 20149, "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": 134.100006, "volume": 33610, "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": 134.199997, "volume": 25875, "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": 135.889999, "volume": 46920, "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": 135.410004, "volume": 62132, "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": 135.449997, "volume": 14312, "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": 135.389999, "volume": 25559, "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": 132.279999, "volume": 71418, "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": 124.32, "volume": 72202, "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": 122.620003, "volume": 130495, "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": 124.300003, "volume": 53462, "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": 122.75, "volume": 70714, "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": 111.879997, "volume": 147296, "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": 110.160004, "volume": 354225, "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": 112.010002, "volume": 54470, "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": 116.019997, "volume": 70917, "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": 120.029999, "volume": 42711, "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": 120.889999, "volume": 161561, "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": 126.68, "volume": 118605, "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": 123.029999, "volume": 184845, "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": 124.639999, "volume": 38701, "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": 126.199997, "volume": 56324, "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": 124.610001, "volume": 23116, "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": 124.110001, "volume": 61079, "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": 125.989998, "volume": 162872, "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": 126.260002, "volume": 43895, "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": 127.199997, "volume": 39461, "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": 128.309998, "volume": 29289, "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": 129.289993, "volume": 66882, "typical_volume": 95546.0, "trend": 125.893666, "fair_value": 121.066125, "relative_strength": -8.114706, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.543285, "energy": 57.633666, "activity_lines": [ 127.986663, 126.817271, 124.325665, 124.446924 ] }, { "date": "2025-08-01", "close": 127.93, "volume": 62106, "typical_volume": 92126.55, "trend": 125.759666, "fair_value": 121.150864, "relative_strength": -7.119599, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.104879, "energy": 54.573836, "activity_lines": [ 128.159997, 127.174725, 124.857189, 124.5783 ] }, { "date": "2025-08-08", "close": 130.089996, "volume": 85065, "typical_volume": 93706.7, "trend": 125.734666, "fair_value": 121.259878, "relative_strength": -9.130702, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.026792, "energy": 60.075492, "activity_lines": [ 128.923997, 127.835816, 125.569141, 124.857676 ] }, { "date": "2025-08-15", "close": 131.720001, "volume": 19031, "typical_volume": 91122.55, "trend": 125.655333, "fair_value": 121.385903, "relative_strength": -9.971129, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.021253, "energy": 70.910191, "activity_lines": [ 129.975998, 128.69418, 126.408761, 125.243827 ] }, { "date": "2025-08-22", "close": 131.990005, "volume": 26109, "typical_volume": 85063.2, "trend": 125.581666, "fair_value": 121.512143, "relative_strength": -10.918072, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.494187, "energy": 83.828209, "activity_lines": [ 130.816667, 129.501272, 127.23138, 125.652516 ] }, { "date": "2025-08-29", "close": 131.399994, "volume": 62985, "typical_volume": 70501.2, "trend": 125.431999, "fair_value": 121.62847, "relative_strength": -8.790894, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.523339, "energy": 84.650715, "activity_lines": [ 131.215332, 130.066908, 127.902046, 126.027892 ] }, { "date": "2025-09-05", "close": 131.270004, "volume": 36536, "typical_volume": 69604.5, "trend": 125.293999, "fair_value": 121.740581, "relative_strength": -7.437937, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.976987, "energy": 81.985455, "activity_lines": [ 131.430001, 130.476363, 128.45919, 126.404537 ] }, { "date": "2025-09-12", "close": 133.699997, "volume": 18063, "typical_volume": 66961.8, "trend": 125.235666, "fair_value": 121.878046, "relative_strength": -7.633379, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.448469, "energy": 85.95165, "activity_lines": [ 132.232, 131.231635, 129.156047, 126.946859 ] }, { "date": "2025-09-19", "close": 134.229996, "volume": 70494, "typical_volume": 68350.95, "trend": 125.196999, "fair_value": 122.018409, "relative_strength": -6.513814, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.314519, "energy": 78.876117, "activity_lines": [ 132.969998, 131.947999, 129.819189, 127.527139 ] }, { "date": "2025-09-26", "close": 134.529999, "volume": 112462, "typical_volume": 65896.0, "trend": 125.271999, "fair_value": 122.158988, "relative_strength": -6.858401, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.675437, "energy": 76.451846, "activity_lines": [ 133.640665, 132.59109, 130.443284, 128.129268 ] }, { "date": "2025-10-03", "close": 136.690002, "volume": 73245, "typical_volume": 63628.0, "trend": 125.684333, "fair_value": 122.320444, "relative_strength": -6.449193, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.091494, "energy": 86.159045, "activity_lines": [ 134.861999, 133.513818, 131.208142, 128.865913 ] }, { "date": "2025-10-10", "close": 135.5, "volume": 72376, "typical_volume": 58004.55, "trend": 126.113666, "fair_value": 122.465274, "relative_strength": -4.382805, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.592808, "energy": 71.459803, "activity_lines": [ 135.334, 134.085636, 131.811999, 129.499182 ] }, { "date": "2025-10-17", "close": 135.190002, "volume": 103978, "typical_volume": 61268.4, "trend": 126.476666, "fair_value": 122.603587, "relative_strength": -3.757172, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.05255, "energy": 62.472071, "activity_lines": [ 135.420667, 134.463455, 132.326952, 130.084752 ] }, { "date": "2025-10-24", "close": 161.205307, "volume": 44452, "typical_volume": 60674.8, "trend": 127.75851, "fair_value": 123.018659, "relative_strength": 12.668287, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.727098, "energy": 89.162918, "activity_lines": [ 144.07977, 139.478601, 135.269314, 132.325309 ] }, { "date": "2025-10-31", "close": 140.369995, "volume": 52240, "typical_volume": 62131.0, "trend": 128.708176, "fair_value": 123.203248, "relative_strength": -3.288243, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.025824, "energy": 61.939873, "activity_lines": [ 143.995414, 140.169413, 136.06067, 133.138954 ] }, { "date": "2025-11-07", "close": 136.479996, "volume": 92536, "typical_volume": 63703.85, "trend": 129.585509, "fair_value": 123.343003, "relative_strength": -5.068839, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.096842, "energy": 55.326906, "activity_lines": [ 142.225059, 140.000589, 136.406501, 133.640361 ] }, { "date": "2025-11-14", "close": 138.470001, "volume": 76450, "typical_volume": 59382.75, "trend": 130.467509, "fair_value": 123.500576, "relative_strength": -5.716293, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.12654, "energy": 50.20656, "activity_lines": [ 141.132039, 140.10122, 136.882952, 134.213554 ] }, { "date": "2025-11-21", "close": 135.729996, "volume": 135021, "typical_volume": 63939.05, "trend": 131.124509, "fair_value": 123.626652, "relative_strength": -4.279512, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.419398, "energy": 21.281068, "activity_lines": [ 138.927685, 139.572759, 137.039022, 134.55307 ] }, { "date": "2025-11-28", "close": 139.869995, "volume": 37639, "typical_volume": 63847.95, "trend": 131.785842, "fair_value": 123.792401, "relative_strength": -2.538851, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.213276, "energy": 22.205655, "activity_lines": [ 138.06733, 139.760117, 137.544282, 135.117295 ] }, { "date": "2025-12-05", "close": 140.330002, "volume": 68319, "typical_volume": 65799.45, "trend": 132.433842, "fair_value": 123.959447, "relative_strength": -2.050855, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.922017, "energy": 19.408785, "activity_lines": [ 138.782665, 139.928566, 138.033019, 135.668531 ] }, { "date": "2025-12-12", "close": 138.429993, "volume": 116825, "typical_volume": 68296.6, "trend": 132.825509, "fair_value": 124.104153, "relative_strength": -3.211466, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.674253, "energy": 18.192676, "activity_lines": [ 138.86733, 139.646105, 138.283565, 136.055379 ] }, { "date": "2025-12-19", "close": 139.399994, "volume": 108861, "typical_volume": 70634.35, "trend": 133.371175, "fair_value": 124.255597, "relative_strength": -4.820113, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.719243, "energy": 21.461164, "activity_lines": [ 139.145329, 139.508371, 138.582968, 136.479539 ] }, { "date": "2025-12-26", "close": 139.970001, "volume": 12885, "typical_volume": 67025.35, "trend": 133.882175, "fair_value": 124.409659, "relative_strength": -3.709209, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.545084, "energy": 25.863391, "activity_lines": [ 139.551331, 139.403366, 138.882038, 136.90527 ] }, { "date": "2026-01-02", "close": 139.820007, "volume": 27482, "typical_volume": 67447.9, "trend": 134.336176, "fair_value": 124.559274, "relative_strength": -4.998346, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.261449, "energy": 23.382869, "activity_lines": [ 139.624667, 139.184181, 139.119775, 137.288356 ] }, { "date": "2026-01-09", "close": 143.369995, "volume": 85244, "typical_volume": 70404.65, "trend": 134.961509, "fair_value": 124.740147, "relative_strength": -2.980391, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.734684, "energy": 31.550995, "activity_lines": [ 140.884666, 139.999271, 139.657035, 137.871183 ] }, { "date": "2026-01-16", "close": 144.100006, "volume": 85290, "typical_volume": 71519.9, "trend": 135.627842, "fair_value": 124.924526, "relative_strength": -2.338575, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 59.6695, "energy": 41.611621, "activity_lines": [ 142.185335, 140.892545, 140.20963, 138.460764 ] }, { "date": "2026-01-23", "close": 141.570007, "volume": 117784, "typical_volume": 75582.3, "trend": 136.147176, "fair_value": 125.081559, "relative_strength": -1.659139, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.896519, "energy": 51.159084, "activity_lines": [ 142.264671, 141.187274, 140.460796, 138.844129 ] }, { "date": "2026-01-30", "close": 140.850006, "volume": 83726, "typical_volume": 78865.45, "trend": 136.63351, "fair_value": 125.228928, "relative_strength": -3.286769, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.273107, "energy": 62.017732, "activity_lines": [ 141.959338, 141.29473, 140.594343, 139.147537 ] }, { "date": "2026-02-06", "close": 141.399994, "volume": 71669, "typical_volume": 78924.2, "trend": 137.106843, "fair_value": 125.37866, "relative_strength": -3.317355, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.953657, "energy": 49.864339, "activity_lines": [ 141.778668, 141.409092, 140.746222, 139.455053 ] }, { "date": "2026-02-13", "close": 140.970001, "volume": 63548, "typical_volume": 76478.5, "trend": 137.528843, "fair_value": 125.5217, "relative_strength": -2.392141, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.353583, "energy": 23.013826, "activity_lines": [ 141.349335, 141.417456, 140.823006, 139.704289 ] }, { "date": "2026-02-20", "close": 142.619995, "volume": 69334, "typical_volume": 76282.95, "trend": 137.973176, "fair_value": 125.677139, "relative_strength": -3.197395, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.968696, "energy": 26.62076, "activity_lines": [ 141.629999, 141.714182, 141.026266, 140.03275 ] }, { "date": "2026-02-27", "close": 142.449997, "volume": 61439, "typical_volume": 75736.1, "trend": 138.457176, "fair_value": 125.828246, "relative_strength": -4.587947, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.252883, "energy": 31.596966, "activity_lines": [ 141.952664, 141.903818, 141.185098, 140.321577 ] }, { "date": "2026-03-06", "close": 142.179993, "volume": 199363, "typical_volume": 80505.35, "trend": 138.860176, "fair_value": 125.974243, "relative_strength": 1.827652, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.112198, "energy": 30.433354, "activity_lines": [ 142.126662, 141.988907, 141.285119, 140.561759 ] }, { "date": "2026-03-13", "close": 140.419998, "volume": 50861, "typical_volume": 80825.8, "trend": 139.150176, "fair_value": 126.102082, "relative_strength": 0.194946, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.721325, "energy": 20.663904, "activity_lines": [ 141.62533, 141.713816, 141.184237, 140.662393 ] }, { "date": "2026-03-20", "close": 136.520004, "volume": 60993, "typical_volume": 81263.45, "trend": 139.301176, "fair_value": 126.193467, "relative_strength": 0.766805, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.426852, "energy": 11.527572, "activity_lines": [ 139.889332, 140.718726, 140.810904, 140.492704 ] }, { "date": "2026-03-27", "close": 134.880005, "volume": 94212, "typical_volume": 81347.25, "trend": 139.417176, "fair_value": 126.269002, "relative_strength": -1.642954, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.195615, "energy": 35.687996, "activity_lines": [ 137.903335, 139.55, 140.299714, 140.207467 ] }, { "date": "2026-04-03", "close": 138.520004, "volume": 52803, "typical_volume": 80164.9, "trend": 139.658843, "fair_value": 126.374614, "relative_strength": -3.848297, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.748439, "energy": 35.632339, "activity_lines": [ 137.646669, 139.210728, 140.14281, 140.149585 ] }, { "date": "2026-04-10", "close": 141.809998, "volume": 83905, "typical_volume": 77609.1, "trend": 139.929176, "fair_value": 126.506541, "relative_strength": -5.517811, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -2.874377, "energy": 18.745562, "activity_lines": [ 138.748668, 139.525091, 140.299, 140.288369 ] }, { "date": "2026-04-17", "close": 146.490005, "volume": 75124, "typical_volume": 79483.35, "trend": 140.337843, "fair_value": 126.675892, "relative_strength": -4.849118, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 52.01545, "energy": 23.385957, "activity_lines": [ 141.435336, 140.67291, 140.871953, 140.711649 ] }, { "date": "2026-04-24", "close": 146.570007, "volume": 55225, "typical_volume": 78828.65, "trend": 140.739177, "fair_value": 126.843069, "relative_strength": -2.355529, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 69.012438, "energy": 47.928415, "activity_lines": [ 143.744004, 141.74273, 141.421001, 141.113724 ] }, { "date": "2026-05-01", "close": 146.960007, "volume": 40534, "typical_volume": 75014.1, "trend": 141.08151, "fair_value": 127.010711, "relative_strength": -3.242417, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.404546, "energy": 69.446849, "activity_lines": [ 145.512672, 142.78164, 141.977478, 141.515068 ] }, { "date": "2026-05-08", "close": 150.100006, "volume": 98751, "typical_volume": 74508.6, "trend": 141.568177, "fair_value": 127.201531, "relative_strength": -3.253255, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.076466, "energy": 83.96101, "activity_lines": [ 147.522672, 144.31255, 142.792383, 142.096906 ] }, { "date": "2026-05-15", "close": 152.020004, "volume": 56686, "typical_volume": 76698.65, "trend": 142.129177, "fair_value": 127.404961, "relative_strength": -1.656117, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.667671, "energy": 88.228072, "activity_lines": [ 149.400672, 146.053459, 143.739193, 142.771217 ] }, { "date": "2026-05-22", "close": 154.279999, "volume": 84871, "typical_volume": 79568.1, "trend": 141.898334, "fair_value": 127.623458, "relative_strength": -0.989997, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.631587, "energy": 91.82048, "activity_lines": [ 151.351337, 148.026367, 144.843859, 143.555141 ] }, { "date": "2026-05-29", "close": 155.050003, "volume": 58104, "typical_volume": 78211.1, "trend": 142.387667, "fair_value": 127.844639, "relative_strength": -1.535517, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.815373, "energy": 92.194655, "activity_lines": [ 153.039336, 149.887276, 145.953002, 144.403636 ] }, { "date": "2026-06-05", "close": 154.919998, "volume": 9177, "typical_volume": 74405.45, "trend": 143.002334, "fair_value": 128.061242, "relative_strength": -1.332214, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.919942, "energy": 89.739216, "activity_lines": [ 154.118668, 151.387639, 146.994145, 145.212174 ] }, { "date": "2026-06-12", "close": 154.229996, "volume": 10121, "typical_volume": 69022.3, "trend": 143.527667, "fair_value": 128.268931, "relative_strength": -4.735394, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.788107, "energy": 85.834101, "activity_lines": [ 154.437332, 152.398183, 147.918049, 145.936539 ] }, { "date": "2026-06-19", "close": 156.800003, "volume": 6152, "typical_volume": 65143.6, "trend": 144.230001, "fair_value": 128.493585, "relative_strength": -5.512007, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.787489, "energy": 88.705182, "activity_lines": [ 155.337333, 153.590365, 149.02643, 146.792819 ] }, { "date": "2026-06-26", "close": 155.369995, "volume": 6383, "typical_volume": 61879.3, "trend": 144.746667, "fair_value": 128.703557, "relative_strength": -3.398326, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.992845, "energy": 78.346594, "activity_lines": [ 155.441998, 154.25, 149.922668, 147.511528 ] }, { "date": "2026-07-03", "close": 157.970001, "volume": 5046, "typical_volume": 58954.2, "trend": 145.334667, "fair_value": 128.930429, "relative_strength": -4.556898, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.274635, "energy": 80.347727, "activity_lines": [ 156.340666, 155.220909, 151.000001, 148.364646 ] }, { "date": "2026-07-10", "close": 158.490005, "volume": 54856, "typical_volume": 58230.3, "trend": 146.003334, "fair_value": 129.15781, "relative_strength": -3.774251, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.594364, "energy": 85.459314, "activity_lines": [ 157.218001, 156.079091, 152.045906, 149.213378 ] }, { "date": "2026-07-17", "close": 156.809998, "volume": 36678, "typical_volume": 56992.25, "trend": 146.583668, "fair_value": 129.368895, "relative_strength": -3.355719, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.739745, "energy": 76.045968, "activity_lines": [ 157.297334, 156.422182, 152.856239, 149.910582 ] }, { "date": "2026-07-24", "close": 157.289993, "volume": 103036, "typical_volume": 52175.9, "trend": 147.161001, "fair_value": 129.580419, "relative_strength": -2.827568, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.412447, "energy": 64.566482, "activity_lines": [ 157.364665, 156.730544, 153.643905, 150.601312 ] }, { "date": "2026-07-31", "close": 156.050003, "volume": 46005, "typical_volume": 51933.1, "trend": 147.702001, "fair_value": 129.779438, "relative_strength": -4.154228, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.083228, "energy": 59.455927, "activity_lines": [ 156.985999, 156.717636, 154.241524, 151.174796 ] }, { "date": "2026-08-07", "close": 161.589996, "volume": 53780, "typical_volume": 51572.45, "trend": 148.309334, "fair_value": 130.01683, "relative_strength": -3.534626, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.851853, "energy": 65.598637, "activity_lines": [ 158.408665, 157.679817, 155.292333, 152.070796 ] } ], "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." } } }