{ "ticker": { "uuid": "0b38f11a-6d3e-48b6-b82f-67ea2eced34f", "symbol": "INCM", "name": "Accelerate Diversified Credit Income ETF", "exchange": "TOR", "country": "CA", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GSPTSE", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 61.397, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 23.708, "architecture_energy": 11.797, "architecture_maturity": 33.99, "architecture_confidence": 40.452, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 58.33, "rotation_up": 36.41, "upward_expansion": 24.18, "deceleration": 55.13, "rotation_down": 37.18, "downward_expansion": 33.18 }, "activity_lines": [ 13.236386, 13.234763, 13.242801, 13.194184 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 13.76, "trend_reference": 13.220558, "distance_from_trend": 0.040803, "trend_direction": "Weakening", "fair_value": 14.904145, "distance_from_fair_value": -0.076767, "fair_value_direction": "Improving", "relative_strength": -11.583323, "relative_strength_direction": "Improving", "price_momentum": 0.038224, "excess_performance": -0.082197, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.040803, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.026905, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.076767, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.036299, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.115833, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.060825, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.038224, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.296938, "read": "Supply-led" } ], "volume": { "latest": 101300, "relative_activity": 1.684543, "balance": 0.296938, "dry_up": 1.312879, "accumulation_observations": 1, "distribution_observations": 5 }, "risk": { "range_context": 0.028435, "annualized_volatility": 0.196483, "from_high_reference": -0.105614, "from_low_reference": 0.11814 }, "levels": { "trend_reference": 13.220558, "fair_value_reference": 14.904145, "structural_low": 12.306156, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": -0.021917, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.031768, "regime_survival": 1.0, "best_return": 0.026689, "worst_return": -0.049681, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.026271, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.041321, "regime_survival": 1.0, "best_return": 0.026271, "worst_return": 0.026271, "sufficient": false }, { "horizon": "Extended", "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 }, { "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": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-21", "end": "2026-05-01", "tenure": "Established", "return": -0.043162, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-08-07", "tenure": "Established", "return": 0.026271, "active": true } ], "chart_path": [ { "date": "2024-05-17", "close": 15.875153, "volume": 139100, "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": 15.827336, "volume": 7800, "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": 15.986725, "volume": 5700, "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": 16.170023, "volume": 3100, "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": 15.883124, "volume": 255200, "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": 15.79546, "volume": 9600, "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": 15.914389, "volume": 33100, "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": 16.018877, "volume": 105000, "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": 16.107288, "volume": 20500, "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": 15.922421, "volume": 36300, "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": 15.938501, "volume": 51100, "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": 15.752103, "volume": 21900, "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": 14.771145, "volume": 5600, "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": 14.998146, "volume": 6300, "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": 15.038682, "volume": 7700, "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": 15.112549, "volume": 600, "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": 14.90799, "volume": 4100, "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": 15.178006, "volume": 17300, "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": 15.137094, "volume": 5400, "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": 15.16294, "volume": 274000, "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": 15.253785, "volume": 5100, "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": 15.48503, "volume": 13700, "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": 15.741046, "volume": 1600, "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": 15.774082, "volume": 5900, "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": 15.604018, "volume": 8800, "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": 15.645674, "volume": 10500, "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": 15.812295, "volume": 17600, "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": 15.928931, "volume": 23100, "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": 16.333733, "volume": 10300, "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": 16.400949, "volume": 20300, "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": 16.518576, "volume": 53800, "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": 16.476564, "volume": 19900, "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": 16.762238, "volume": 8500, "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": 16.818018, "volume": 7400, "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": 16.43675, "volume": 14400, "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": 17.00441, "volume": 53900, "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": 17.055243, "volume": 29300, "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": 17.509872, "volume": 81400, "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": 16.971766, "volume": 7300, "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": 17.108427, "volume": 19500, "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": 17.253628, "volume": 19100, "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": 17.224621, "volume": 17100, "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": 16.819841, "volume": 8700, "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": 16.260038, "volume": 60800, "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": 16.54425, "volume": 51400, "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": 16.656208, "volume": 30700, "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": 14.923266, "volume": 124900, "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": 14.098059, "volume": 48200, "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": 14.653988, "volume": 17400, "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": 15.123055, "volume": 25600, "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": 14.778301, "volume": 33600, "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": 14.883549, "volume": 117400, "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": 15.655355, "volume": 67900, "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": 15.09404, "volume": 13400, "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": 15.422231, "volume": 54000, "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": 15.324848, "volume": 40700, "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": 15.16549, "volume": 42700, "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": 15.227461, "volume": 29200, "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": 15.227461, "volume": 34300, "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": 15.517976, "volume": 44600, "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": 15.830839, "volume": 46700, "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": 16.072187, "volume": 52400, "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": 15.960453, "volume": 47700, "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": 15.195366, "volume": 68700, "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": 15.105133, "volume": 47900, "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": 15.069038, "volume": 30300, "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": 15.2856, "volume": 38500, "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": 15.26371, "volume": 123000, "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": 15.218147, "volume": 22800, "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": 15.117908, "volume": 121500, "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": 14.726064, "volume": 76500, "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": 14.343333, "volume": 41300, "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": 14.122383, "volume": 59500, "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": 13.560801, "volume": 69400, "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": 14.07635, "volume": 29100, "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": 14.472219, "volume": 34100, "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": 14.521135, "volume": 41300, "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": 14.195551, "volume": 24200, "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": 14.18625, "volume": 22400, "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": 14.381599, "volume": 37300, "typical_volume": 51730.0, "trend": 14.966693, "fair_value": 15.583714, "relative_strength": -18.857424, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.714419, "energy": 29.691577, "activity_lines": [ 14.316942, 14.253504, 14.522042, 14.748005 ] }, { "date": "2025-11-28", "close": 14.665094, "volume": 58900, "typical_volume": 52340.0, "trend": 14.962919, "fair_value": 15.572373, "relative_strength": -20.036369, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.439075, "energy": 24.858373, "activity_lines": [ 14.421524, 14.327418, 14.505841, 14.728547 ] }, { "date": "2025-12-05", "close": 14.702672, "volume": 42300, "typical_volume": 51835.0, "trend": 14.95689, "fair_value": 15.561767, "relative_strength": -19.199803, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.824597, "energy": 18.669355, "activity_lines": [ 14.525772, 14.409273, 14.49877, 14.711757 ] }, { "date": "2025-12-12", "close": 14.495992, "volume": 40700, "typical_volume": 51485.0, "trend": 14.918244, "fair_value": 15.548926, "relative_strength": -20.370808, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.674689, "energy": 18.926051, "activity_lines": [ 14.549025, 14.447016, 14.478537, 14.682022 ] }, { "date": "2025-12-19", "close": 14.110809, "volume": 41200, "typical_volume": 50110.0, "trend": 14.88547, "fair_value": 15.531805, "relative_strength": -22.462024, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.083134, "energy": 21.271976, "activity_lines": [ 14.423854, 14.407933, 14.428593, 14.629929 ] }, { "date": "2025-12-26", "close": 13.922915, "volume": 40200, "typical_volume": 49725.0, "trend": 14.835493, "fair_value": 15.512877, "relative_strength": -23.459098, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.626469, "energy": 35.858243, "activity_lines": [ 14.241082, 14.324687, 14.36592, 14.567829 ] }, { "date": "2026-01-02", "close": 14.168222, "volume": 104000, "typical_volume": 53410.0, "trend": 14.796939, "fair_value": 15.497242, "relative_strength": -21.222871, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.110464, "energy": 43.95774, "activity_lines": [ 14.170657, 14.288832, 14.332238, 14.524779 ] }, { "date": "2026-01-09", "close": 14.405465, "volume": 62600, "typical_volume": 54615.0, "trend": 14.771604, "fair_value": 15.484693, "relative_strength": -21.098446, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.134923, "energy": 44.286892, "activity_lines": [ 14.212438, 14.301639, 14.325441, 14.499523 ] }, { "date": "2026-01-16", "close": 14.490874, "volume": 73900, "typical_volume": 52160.0, "trend": 14.747052, "fair_value": 15.473399, "relative_strength": -21.007479, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.666558, "energy": 24.484056, "activity_lines": [ 14.302502, 14.332079, 14.330969, 14.481411 ] }, { "date": "2026-01-23", "close": 14.101793, "volume": 57400, "typical_volume": 53890.0, "trend": 14.709529, "fair_value": 15.457988, "relative_strength": -22.716871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.316858, "energy": 27.016065, "activity_lines": [ 14.263214, 14.286407, 14.303121, 14.439781 ] }, { "date": "2026-01-30", "close": 13.608226, "volume": 53000, "typical_volume": 50465.0, "trend": 14.645871, "fair_value": 15.437435, "relative_strength": -21.859873, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.185444, "energy": 41.067601, "activity_lines": [ 14.060005, 14.152531, 14.233584, 14.36873 ] }, { "date": "2026-02-06", "close": 13.253396, "volume": 75800, "typical_volume": 50430.0, "trend": 14.559956, "fair_value": 15.413435, "relative_strength": -24.491413, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.837553, "energy": 73.91058, "activity_lines": [ 13.759498, 13.968202, 14.137442, 14.278892 ] }, { "date": "2026-02-13", "close": 13.310937, "volume": 57600, "typical_volume": 51245.0, "trend": 14.467915, "fair_value": 15.390581, "relative_strength": -24.826403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.378803, "energy": 80.344037, "activity_lines": [ 13.53916, 13.820002, 14.053792, 14.198311 ] }, { "date": "2026-02-20", "close": 13.061595, "volume": 55500, "typical_volume": 51045.0, "trend": 14.371286, "fair_value": 15.365539, "relative_strength": -27.071456, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.583388, "energy": 87.073598, "activity_lines": [ 13.308677, 13.651771, 13.951312, 14.10758 ] }, { "date": "2026-02-27", "close": 12.461317, "volume": 80700, "typical_volume": 51610.0, "trend": 14.280151, "fair_value": 15.334643, "relative_strength": -30.687847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.609179, "energy": 95.059445, "activity_lines": [ 12.973386, 13.400479, 13.796715, 13.984356 ] }, { "date": "2026-03-06", "close": 12.577686, "volume": 130700, "typical_volume": 56690.0, "trend": 14.195903, "fair_value": 15.305622, "relative_strength": -26.577135, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.633949, "energy": 89.816896, "activity_lines": [ 12.78625, 13.200336, 13.658435, 13.87452 ] }, { "date": "2026-03-13", "close": 12.509804, "volume": 115500, "typical_volume": 60760.0, "trend": 14.110595, "fair_value": 15.276499, "relative_strength": -24.983551, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.348634, "energy": 88.212682, "activity_lines": [ 12.645189, 13.012309, 13.520827, 13.765739 ] }, { "date": "2026-03-20", "close": 12.616477, "volume": 77600, "typical_volume": 62575.0, "trend": 14.021624, "fair_value": 15.249076, "relative_strength": -20.611906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.144435, "energy": 76.72071, "activity_lines": [ 12.589259, 12.873831, 13.402723, 13.669345 ] }, { "date": "2026-03-27", "close": 12.553443, "volume": 39400, "typical_volume": 63335.0, "trend": 13.931282, "fair_value": 15.221569, "relative_strength": -21.768496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.271173, "energy": 61.370129, "activity_lines": [ 12.558615, 12.756418, 13.287686, 13.574623 ] }, { "date": "2026-04-03", "close": 13.065796, "volume": 31700, "typical_volume": 63800.0, "trend": 13.859537, "fair_value": 15.199794, "relative_strength": -20.641449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.514527, "energy": 50.134629, "activity_lines": [ 12.732632, 12.767387, 13.229264, 13.518786 ] }, { "date": "2026-04-10", "close": 13.046192, "volume": 60000, "typical_volume": 64935.0, "trend": 13.79048, "fair_value": 15.178258, "relative_strength": -21.503314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.955828, "energy": 36.513316, "activity_lines": [ 12.859815, 12.793628, 13.17431, 13.466312 ] }, { "date": "2026-04-17", "close": 13.859741, "volume": 101700, "typical_volume": 67075.0, "trend": 13.761602, "fair_value": 15.165203, "relative_strength": -17.537668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.783453, "energy": 18.568733, "activity_lines": [ 13.226948, 12.978006, 13.203197, 13.47078 ] }, { "date": "2026-04-24", "close": 13.31084, "volume": 128200, "typical_volume": 71370.0, "trend": 13.727186, "fair_value": 15.147023, "relative_strength": -19.072789, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.984731, "energy": 25.252921, "activity_lines": [ 13.321118, 13.051559, 13.183642, 13.441699 ] }, { "date": "2026-05-01", "close": 13.760858, "volume": 65800, "typical_volume": 72625.0, "trend": 13.715135, "fair_value": 15.133565, "relative_strength": -15.688772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.457678, "energy": 21.021021, "activity_lines": [ 13.519004, 13.206935, 13.213573, 13.443871 ] }, { "date": "2026-05-08", "close": 13.407763, "volume": 102400, "typical_volume": 75685.0, "trend": 13.710034, "fair_value": 15.116971, "relative_strength": -17.665785, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.356548, "energy": 20.212713, "activity_lines": [ 13.518696, 13.285398, 13.213377, 13.424041 ] }, { "date": "2026-05-15", "close": 13.182175, "volume": 68200, "typical_volume": 77085.0, "trend": 13.680228, "fair_value": 15.098545, "relative_strength": -17.760854, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.270809, "energy": 13.453587, "activity_lines": [ 13.420395, 13.305637, 13.195045, 13.389985 ] }, { "date": "2026-05-22", "close": 12.99582, "volume": 95000, "typical_volume": 76635.0, "trend": 13.631015, "fair_value": 15.078707, "relative_strength": -19.75227, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.502706, "energy": 15.227267, "activity_lines": [ 13.25091, 13.281003, 13.162491, 13.34583 ] }, { "date": "2026-05-29", "close": 13.173333, "volume": 43000, "typical_volume": 75655.0, "trend": 13.586088, "fair_value": 15.0609, "relative_strength": -18.652314, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.137252, "energy": 19.825977, "activity_lines": [ 13.19819, 13.279807, 13.152427, 13.316302 ] }, { "date": "2026-06-05", "close": 13.113905, "volume": 13800, "typical_volume": 72650.0, "trend": 13.550033, "fair_value": 15.042873, "relative_strength": -17.505429, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.899894, "energy": 24.710787, "activity_lines": [ 13.134829, 13.257681, 13.14257, 13.285839 ] }, { "date": "2026-06-12", "close": 13.33181, "volume": 7300, "typical_volume": 70145.0, "trend": 13.521552, "fair_value": 15.027175, "relative_strength": -16.73272, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.411457, "energy": 19.072905, "activity_lines": [ 13.187232, 13.264984, 13.160023, 13.27176 ] }, { "date": "2026-06-19", "close": 13.212953, "volume": 7900, "typical_volume": 67890.0, "trend": 13.482597, "fair_value": 15.010682, "relative_strength": -16.861543, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.43698, "energy": 15.124438, "activity_lines": [ 13.20508, 13.245841, 13.169823, 13.25185 ] }, { "date": "2026-06-26", "close": 13.100332, "volume": 43100, "typical_volume": 66255.0, "trend": 13.430438, "fair_value": 14.993471, "relative_strength": -16.907307, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.228143, "energy": 16.336547, "activity_lines": [ 13.183336, 13.203188, 13.170779, 13.227188 ] }, { "date": "2026-07-03", "close": 13.463896, "volume": 2600, "typical_volume": 63505.0, "trend": 13.389146, "fair_value": 14.979814, "relative_strength": -14.550091, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.52297, "energy": 5.463567, "activity_lines": [ 13.275813, 13.240446, 13.207089, 13.229347 ] }, { "date": "2026-07-10", "close": 13.354996, "volume": 76800, "typical_volume": 64570.0, "trend": 13.351112, "fair_value": 14.965436, "relative_strength": -14.618132, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.534284, "energy": 5.010394, "activity_lines": [ 13.312618, 13.255121, 13.232299, 13.227143 ] }, { "date": "2026-07-17", "close": 13.196597, "volume": 56800, "typical_volume": 63375.0, "trend": 13.320639, "fair_value": 14.949919, "relative_strength": -14.73903, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.143971, "energy": 6.067429, "activity_lines": [ 13.280552, 13.248375, 13.241027, 13.217175 ] }, { "date": "2026-07-24", "close": 12.939199, "volume": 84300, "typical_volume": 61055.0, "trend": 13.287848, "fair_value": 14.932435, "relative_strength": -15.859316, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.74649, "energy": 16.83704, "activity_lines": [ 13.1717, 13.198669, 13.221739, 13.192566 ] }, { "date": "2026-07-31", "close": 12.795, "volume": 73400, "typical_volume": 58950.0, "trend": 13.242074, "fair_value": 14.914009, "relative_strength": -15.716876, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.755099, "energy": 42.468207, "activity_lines": [ 13.033032, 13.127163, 13.186997, 13.160769 ] }, { "date": "2026-08-07", "close": 13.76, "volume": 101300, "typical_volume": 60135.0, "trend": 13.220558, "fair_value": 14.904145, "relative_strength": -11.583323, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.708088, "energy": 11.797371, "activity_lines": [ 13.236386, 13.234763, 13.242801, 13.194184 ] } ], "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." } } }