{ "ticker": { "uuid": "0bff3f10-c7bd-4d9d-a097-b67a05899439", "symbol": "DALI", "name": "FIRST TRUST DORSEY WRIGHT DALI EQUITY ETF", "exchange": "NASDAQ", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 77.813, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -50.689, "architecture_energy": 56.181, "architecture_maturity": 4.864, "architecture_confidence": 73.944, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 28.12, "rotation_up": 7.77, "upward_expansion": 18.14, "deceleration": 44.44, "rotation_down": 70.18, "downward_expansion": 81.81 }, "activity_lines": [ 28.49514, 28.800892, 29.309932, 29.29436 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 29.08, "trend_reference": 29.397655, "distance_from_trend": -0.010805, "trend_direction": "Improving", "fair_value": 25.84626, "distance_from_fair_value": 0.125114, "fair_value_direction": "Weakening", "relative_strength": -12.06497, "relative_strength_direction": "Weakening", "price_momentum": -0.03252, "excess_performance": -0.219973, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.010805, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.005844, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.125114, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.089364, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.12065, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.038996, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.03252, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.041838, "read": "Demand-led" } ], "volume": { "latest": 22001, "relative_activity": 0.557061, "balance": 1.041838, "dry_up": 0.762956, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.036008, "annualized_volatility": 0.211486, "from_high_reference": -0.068101, "from_low_reference": 0.093286 }, "levels": { "trend_reference": 29.397655, "fair_value_reference": 25.84626, "structural_low": 26.739148, "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": 14, "median_return": 0.034339, "positive_rate": 0.785714, "directional_follow_through": 0.214286, "median_excess_return": 0.00413, "regime_survival": 0.642857, "best_return": 0.091849, "worst_return": -0.076923, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.013122, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.015748, "regime_survival": 0.166667, "best_return": 0.172772, "worst_return": -0.04738, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.036818, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": -0.041619, "regime_survival": 0.0, "best_return": 0.226218, "worst_return": -0.05591, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.109596, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.037103, "regime_survival": 0.0, "best_return": 0.314139, "worst_return": 0.045514, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-09", "end": "2024-09-27", "tenure": "Developing", "return": 0.094398, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2025-01-03", "tenure": "Established", "return": 0.040095, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-01-31", "tenure": "New", "return": 0.060599, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-03-07", "tenure": "Developing", "return": -0.088107, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.102636, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-06-06", "tenure": "Developing", "return": 0.141611, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-08-01", "tenure": "Developing", "return": 0.048094, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2026-03-06", "tenure": "Extended", "return": 0.049185, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-03-20", "tenure": "New", "return": -0.030732, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.123156, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": 0.041337, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-07-03", "tenure": "Developing", "return": -0.023885, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-10", "end": "2026-07-24", "tenure": "New", "return": -0.026091, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.034669, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 25.053769, "volume": 49846, "typical_volume": 57107.15, "trend": 24.774071, "fair_value": 23.735348, "relative_strength": -11.90759, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.821274, "energy": 28.878075, "activity_lines": [ 25.739449, 25.789106, 25.46012, 25.135581 ] }, { "date": "2023-08-25", "close": 25.136515, "volume": 18453, "typical_volume": 53934.15, "trend": 24.786209, "fair_value": 23.78804, "relative_strength": -12.762585, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.229697, "energy": 19.938367, "activity_lines": [ 25.468037, 25.684922, 25.457118, 25.158965 ] }, { "date": "2023-09-01", "close": 26.063546, "volume": 85831, "typical_volume": 55351.6, "trend": 24.842183, "fair_value": 23.847102, "relative_strength": -12.509065, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.025639, "energy": 23.173757, "activity_lines": [ 25.578877, 25.759321, 25.537484, 25.241374 ] }, { "date": "2023-09-08", "close": 25.401578, "volume": 25051, "typical_volume": 52926.9, "trend": 24.882756, "fair_value": 23.902103, "relative_strength": -13.349795, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.102726, "energy": 19.221044, "activity_lines": [ 25.506449, 25.689142, 25.548325, 25.277464 ] }, { "date": "2023-09-15", "close": 25.050128, "volume": 79766, "typical_volume": 50279.25, "trend": 24.901654, "fair_value": 23.95361, "relative_strength": -13.814113, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.557606, "energy": 12.558113, "activity_lines": [ 25.358293, 25.555828, 25.522048, 25.288262 ] }, { "date": "2023-09-22", "close": 24.172882, "volume": 25554, "typical_volume": 49352.95, "trend": 24.914864, "fair_value": 24.00169, "relative_strength": -13.591142, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.655244, "energy": 18.201249, "activity_lines": [ 24.968884, 25.26815, 25.410752, 25.241244 ] }, { "date": "2023-09-29", "close": 24.389414, "volume": 32929, "typical_volume": 45979.1, "trend": 24.916236, "fair_value": 24.045748, "relative_strength": -12.49967, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.510373, "energy": 40.314193, "activity_lines": [ 24.710379, 25.055709, 25.323658, 25.207344 ] }, { "date": "2023-10-06", "close": 24.271305, "volume": 271003, "typical_volume": 57589.5, "trend": 24.934234, "fair_value": 24.083616, "relative_strength": -13.946681, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.135418, "energy": 53.692532, "activity_lines": [ 24.462311, 24.855352, 25.226592, 25.165736 ] }, { "date": "2023-10-13", "close": 24.0843, "volume": 42948, "typical_volume": 57110.8, "trend": 24.971382, "fair_value": 24.119702, "relative_strength": -14.181377, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.859395, "energy": 60.874128, "activity_lines": [ 24.27139, 24.663777, 25.112526, 25.110901 ] }, { "date": "2023-10-20", "close": 23.439132, "volume": 25046, "typical_volume": 56885.8, "trend": 24.98017, "fair_value": 24.154148, "relative_strength": -13.51048, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.140778, "energy": 68.66778, "activity_lines": [ 23.953232, 24.390146, 24.938257, 25.012047 ] }, { "date": "2023-10-27", "close": 22.71621, "volume": 37003, "typical_volume": 57828.45, "trend": 24.93619, "fair_value": 24.186498, "relative_strength": -13.497459, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -86.960926, "energy": 85.72055, "activity_lines": [ 23.5015, 24.028319, 24.700993, 24.865985 ] }, { "date": "2023-11-03", "close": 22.548889, "volume": 90465, "typical_volume": 60226.15, "trend": 24.884377, "fair_value": 24.211207, "relative_strength": -18.682225, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.355998, "energy": 91.194885, "activity_lines": [ 23.091106, 23.678572, 24.458886, 24.711965 ] }, { "date": "2023-11-10", "close": 21.958346, "volume": 93421, "typical_volume": 63311.85, "trend": 24.792907, "fair_value": 24.233972, "relative_strength": -22.486624, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.983017, "energy": 94.030244, "activity_lines": [ 22.606565, 23.2685, 24.175486, 24.523189 ] }, { "date": "2023-11-17", "close": 22.05677, "volume": 67498, "typical_volume": 63541.0, "trend": 24.70694, "fair_value": 24.25307, "relative_strength": -23.122397, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.770104, "energy": 91.282507, "activity_lines": [ 22.30903, 22.950964, 23.914665, 24.346664 ] }, { "date": "2023-11-24", "close": 22.007558, "volume": 62453, "typical_volume": 65263.35, "trend": 24.615821, "fair_value": 24.267679, "relative_strength": -23.428714, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.526907, "energy": 89.374403, "activity_lines": [ 22.13026, 22.685295, 23.665285, 24.17251 ] }, { "date": "2023-12-01", "close": 21.899292, "volume": 78742, "typical_volume": 62754.65, "trend": 24.514972, "fair_value": 24.278954, "relative_strength": -23.35603, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.406272, "energy": 88.408329, "activity_lines": [ 22.010839, 22.455261, 23.421427, 23.997251 ] }, { "date": "2023-12-08", "close": 21.308749, "volume": 72560, "typical_volume": 64274.65, "trend": 24.403353, "fair_value": 24.286285, "relative_strength": -25.26951, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.838807, "energy": 89.545144, "activity_lines": [ 21.749032, 22.159193, 23.141548, 23.790397 ] }, { "date": "2023-12-15", "close": 21.574494, "volume": 537103, "typical_volume": 87236.95, "trend": 24.307785, "fair_value": 24.29026, "relative_strength": -26.187002, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.933248, "energy": 72.481955, "activity_lines": [ 21.658482, 21.967455, 22.910437, 23.60789 ] }, { "date": "2023-12-22", "close": 21.606186, "volume": 256312, "typical_volume": 98486.2, "trend": 24.216492, "fair_value": 24.293694, "relative_strength": -26.087013, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.453363, "energy": 69.786573, "activity_lines": [ 21.604086, 21.830512, 22.706391, 23.433594 ] }, { "date": "2023-12-29", "close": 21.417442, "volume": 220415, "typical_volume": 108619.95, "trend": 24.108119, "fair_value": 24.297483, "relative_strength": -26.258179, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.322889, "energy": 67.434155, "activity_lines": [ 21.516815, 21.704308, 22.505402, 23.25301 ] }, { "date": "2024-01-05", "close": 21.397575, "volume": 109929, "typical_volume": 111624.1, "trend": 23.986519, "fair_value": 24.295868, "relative_strength": -23.227877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.405791, "energy": 65.474339, "activity_lines": [ 21.462263, 21.61125, 22.323473, 23.078136 ] }, { "date": "2024-01-12", "close": 21.447244, "volume": 53348, "typical_volume": 113368.85, "trend": 23.845153, "fair_value": 24.294034, "relative_strength": -24.739385, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.466613, "energy": 63.265746, "activity_lines": [ 21.457714, 21.551198, 22.163685, 22.914312 ] }, { "date": "2024-01-19", "close": 21.864467, "volume": 197707, "typical_volume": 118962.65, "trend": 23.749586, "fair_value": 24.290806, "relative_strength": -24.645425, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.325491, "energy": 59.599488, "activity_lines": [ 21.583007, 21.587035, 22.061201, 22.786526 ] }, { "date": "2024-01-26", "close": 22.023409, "volume": 102104, "typical_volume": 122815.3, "trend": 23.635577, "fair_value": 24.296158, "relative_strength": -23.883877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.100599, "energy": 48.341383, "activity_lines": [ 21.741949, 21.653477, 21.99385, 22.675159 ] }, { "date": "2024-02-02", "close": 22.321425, "volume": 43274, "typical_volume": 120990.7, "trend": 23.535207, "fair_value": 24.293949, "relative_strength": -23.179624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.013562, "energy": 31.580184, "activity_lines": [ 21.972415, 21.77471, 21.970967, 22.590375 ] }, { "date": "2024-02-09", "close": 22.874047, "volume": 198255, "typical_volume": 129625.75, "trend": 23.426155, "fair_value": 24.289883, "relative_strength": -22.086263, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.173068, "energy": 24.946766, "activity_lines": [ 22.326823, 21.990713, 22.013709, 22.54772 ] }, { "date": "2024-02-16", "close": 22.76845, "volume": 64768, "typical_volume": 131217.7, "trend": 23.310599, "fair_value": 24.286063, "relative_strength": -20.620254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.692552, "energy": 24.054773, "activity_lines": [ 22.5476, 22.169795, 22.05258, 22.505287 ] }, { "date": "2024-02-23", "close": 23.007658, "volume": 97430, "typical_volume": 122539.05, "trend": 23.190042, "fair_value": 24.289967, "relative_strength": -20.250928, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 11.915817, "energy": 31.669478, "activity_lines": [ 22.760033, 22.365828, 22.12195, 22.485743 ] }, { "date": "2024-03-01", "close": 23.61283, "volume": 96536, "typical_volume": 125218.45, "trend": 23.109706, "fair_value": 24.300649, "relative_strength": -19.09631, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 26.001609, "energy": 41.659181, "activity_lines": [ 23.097977, 22.645835, 22.254974, 22.513019 ] }, { "date": "2024-03-08", "close": 23.53763, "volume": 105627, "typical_volume": 129247.5, "trend": 23.033708, "fair_value": 24.304226, "relative_strength": -17.435627, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.862873, "energy": 62.538533, "activity_lines": [ 23.304893, 22.875685, 22.383081, 22.540627 ] }, { "date": "2024-03-15", "close": 23.100341, "volume": 125661, "typical_volume": 133680.4, "trend": 22.968594, "fair_value": 24.306477, "relative_strength": -17.46709, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.285749, "energy": 56.81961, "activity_lines": [ 23.284965, 22.987479, 22.469072, 22.544926 ] }, { "date": "2024-03-22", "close": 23.768169, "volume": 131078, "typical_volume": 135711.05, "trend": 22.922982, "fair_value": 24.314029, "relative_strength": -17.021011, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.237687, "energy": 58.450932, "activity_lines": [ 23.472561, 23.189737, 22.616837, 22.596512 ] }, { "date": "2024-03-29", "close": 23.965096, "volume": 40594, "typical_volume": 133069.7, "trend": 22.853034, "fair_value": 24.319723, "relative_strength": -15.343508, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.743475, "energy": 56.585177, "activity_lines": [ 23.659151, 23.385602, 22.77755, 22.663745 ] }, { "date": "2024-04-05", "close": 23.527922, "volume": 121770, "typical_volume": 135783.3, "trend": 22.790579, "fair_value": 24.319711, "relative_strength": -15.637805, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.340291, "energy": 39.808939, "activity_lines": [ 23.636188, 23.463786, 22.887072, 22.707286 ] }, { "date": "2024-04-12", "close": 22.99139, "volume": 105300, "typical_volume": 137925.65, "trend": 22.721954, "fair_value": 24.315243, "relative_strength": -16.498559, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.493391, "energy": 32.683439, "activity_lines": [ 23.44004, 23.417065, 22.93849, 22.720242 ] }, { "date": "2024-04-19", "close": 22.007748, "volume": 110412, "typical_volume": 139509.15, "trend": 22.649783, "fair_value": 24.304059, "relative_strength": -14.859786, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 14.872854, "energy": 13.358524, "activity_lines": [ 22.952428, 23.179319, 22.891543, 22.674164 ] }, { "date": "2024-04-26", "close": 22.882097, "volume": 114311, "typical_volume": 141596.7, "trend": 22.599539, "fair_value": 24.299556, "relative_strength": -14.196838, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 27.917227, "energy": 23.638386, "activity_lines": [ 22.829106, 23.116296, 22.927351, 22.689152 ] }, { "date": "2024-05-03", "close": 23.060941, "volume": 133425, "typical_volume": 121412.8, "trend": 22.559194, "fair_value": 24.296147, "relative_strength": -13.752312, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.639327, "energy": 23.000417, "activity_lines": [ 22.824469, 23.083724, 22.9727, 22.71892 ] }, { "date": "2024-05-10", "close": 23.388821, "volume": 76325, "typical_volume": 112413.45, "trend": 22.536011, "fair_value": 24.298204, "relative_strength": -13.190249, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.487257, "energy": 22.951244, "activity_lines": [ 22.989403, 23.109797, 23.042197, 22.772444 ] }, { "date": "2024-05-17", "close": 23.769759, "volume": 81709, "typical_volume": 105478.15, "trend": 22.547032, "fair_value": 24.302588, "relative_strength": -13.108605, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.184525, "energy": 35.351962, "activity_lines": [ 23.29059, 23.209205, 23.139485, 22.852041 ] }, { "date": "2024-05-24", "close": 23.806919, "volume": 77619, "typical_volume": 103862.65, "trend": 22.583389, "fair_value": 24.303269, "relative_strength": -13.645673, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.181363, "energy": 55.993458, "activity_lines": [ 23.552272, 23.311149, 23.22911, 22.933324 ] }, { "date": "2024-05-31", "close": 23.398757, "volume": 33152, "typical_volume": 102852.85, "trend": 22.611718, "fair_value": 24.30071, "relative_strength": -13.261131, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.312823, "energy": 53.277889, "activity_lines": [ 23.557955, 23.326034, 23.26839, 22.985928 ] }, { "date": "2024-06-07", "close": 23.418629, "volume": 103179, "typical_volume": 98126.45, "trend": 22.660394, "fair_value": 24.296921, "relative_strength": -14.923159, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.847943, "energy": 47.96277, "activity_lines": [ 23.535818, 23.35125, 23.30027, 23.037987 ] }, { "date": "2024-06-14", "close": 23.69683, "volume": 99008, "typical_volume": 97971.65, "trend": 22.715062, "fair_value": 24.298707, "relative_strength": -16.264051, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.75927, "energy": 38.665064, "activity_lines": [ 23.582569, 23.436983, 23.351244, 23.104854 ] }, { "date": "2024-06-21", "close": 23.892068, "volume": 32978, "typical_volume": 97456.85, "trend": 22.777879, "fair_value": 24.296076, "relative_strength": -15.22867, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.120719, "energy": 36.749517, "activity_lines": [ 23.673865, 23.555143, 23.412843, 23.18079 ] }, { "date": "2024-06-28", "close": 23.965096, "volume": 112860, "typical_volume": 93187.1, "trend": 22.84674, "fair_value": 24.293526, "relative_strength": -14.37495, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.673623, "energy": 39.580324, "activity_lines": [ 23.78135, 23.670204, 23.473919, 23.257384 ] }, { "date": "2024-07-05", "close": 24.104197, "volume": 7516, "typical_volume": 90324.5, "trend": 22.939921, "fair_value": 24.29266, "relative_strength": -16.256731, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.498322, "energy": 53.291752, "activity_lines": [ 23.924657, 23.774969, 23.543046, 23.338511 ] }, { "date": "2024-07-12", "close": 24.60188, "volume": 50816, "typical_volume": 87993.8, "trend": 23.040834, "fair_value": 24.300348, "relative_strength": -13.73198, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.735927, "energy": 70.515338, "activity_lines": [ 24.186829, 23.948001, 23.653212, 23.445734 ] }, { "date": "2024-07-19", "close": 23.963209, "volume": 24643, "typical_volume": 84399.15, "trend": 23.119402, "fair_value": 24.298631, "relative_strength": -11.924646, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.737787, "energy": 57.847507, "activity_lines": [ 24.157228, 23.976895, 23.694959, 23.505242 ] }, { "date": "2024-07-26", "close": 23.945225, "volume": 23392, "typical_volume": 80287.4, "trend": 23.203661, "fair_value": 24.296165, "relative_strength": -9.102968, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.323679, "energy": 45.247385, "activity_lines": [ 24.103873, 23.992075, 23.733326, 23.558521 ] }, { "date": "2024-08-02", "close": 22.603895, "volume": 29952, "typical_volume": 75501.95, "trend": 23.243872, "fair_value": 24.283676, "relative_strength": -10.871495, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 8.24652, "energy": 6.594595, "activity_lines": [ 23.599864, 23.760186, 23.642006, 23.519826 ] }, { "date": "2024-08-09", "close": 22.882097, "volume": 114862, "typical_volume": 74691.15, "trend": 23.2917, "fair_value": 24.27286, "relative_strength": -9.485598, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.823631, "energy": 19.184419, "activity_lines": [ 23.279336, 23.600753, 23.579546, 23.496486 ] }, { "date": "2024-08-16", "close": 23.895546, "volume": 89221, "typical_volume": 77122.5, "trend": 23.359403, "fair_value": 24.271581, "relative_strength": -9.753041, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.135705, "energy": 22.934336, "activity_lines": [ 23.378097, 23.634978, 23.617823, 23.535444 ] }, { "date": "2024-08-23", "close": 24.541372, "volume": 16905, "typical_volume": 71879.25, "trend": 23.443335, "fair_value": 24.271113, "relative_strength": -7.687564, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.839396, "energy": 22.791676, "activity_lines": [ 23.739223, 23.777953, 23.71794, 23.6117 ] }, { "date": "2024-08-30", "close": 24.473808, "volume": 26369, "typical_volume": 67932.7, "trend": 23.515081, "fair_value": 24.267326, "relative_strength": -6.633447, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.468908, "energy": 36.998702, "activity_lines": [ 24.039284, 23.89329, 23.806795, 23.678182 ] }, { "date": "2024-09-06", "close": 22.960291, "volume": 11263, "typical_volume": 62975.25, "trend": 23.517956, "fair_value": 24.257235, "relative_strength": -6.452089, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.462808, "energy": 14.981997, "activity_lines": [ 23.799599, 23.722864, 23.744447, 23.642389 ] }, { "date": "2024-09-13", "close": 24.193619, "volume": 16178, "typical_volume": 58068.6, "trend": 23.565461, "fair_value": 24.255183, "relative_strength": -6.390065, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.580898, "energy": 25.745205, "activity_lines": [ 23.947265, 23.794949, 23.795023, 23.68598 ] }, { "date": "2024-09-20", "close": 24.70253, "volume": 48948, "typical_volume": 53844.75, "trend": 23.621957, "fair_value": 24.255195, "relative_strength": -5.267965, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.860338, "energy": 42.133275, "activity_lines": [ 24.177132, 23.957937, 23.887822, 23.759339 ] }, { "date": "2024-09-27", "close": 25.04213, "volume": 16933, "typical_volume": 50875.15, "trend": 23.6696, "fair_value": 24.261818, "relative_strength": -4.368362, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.56945, "energy": 44.536881, "activity_lines": [ 24.466401, 24.180841, 24.005146, 23.850963 ] }, { "date": "2024-10-04", "close": 25.06202, "volume": 15702, "typical_volume": 47574.8, "trend": 23.720413, "fair_value": 24.268318, "relative_strength": -3.869009, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.26166, "energy": 62.754301, "activity_lines": [ 24.728916, 24.387744, 24.116491, 23.940797 ] }, { "date": "2024-10-11", "close": 25.43994, "volume": 22425, "typical_volume": 44815.1, "trend": 23.7984, "fair_value": 24.273267, "relative_strength": -3.097804, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.854329, "energy": 69.663078, "activity_lines": [ 25.07819, 24.643055, 24.257675, 24.051734 ] }, { "date": "2024-10-18", "close": 25.618954, "volume": 15519, "typical_volume": 43933.45, "trend": 23.860093, "fair_value": 24.275804, "relative_strength": -2.113491, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.403061, "energy": 74.536211, "activity_lines": [ 25.321825, 24.87935, 24.408132, 24.169189 ] }, { "date": "2024-10-25", "close": 25.151528, "volume": 12822, "typical_volume": 39415.6, "trend": 23.899641, "fair_value": 24.273973, "relative_strength": -3.522561, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.411008, "energy": 66.655646, "activity_lines": [ 25.31463, 24.980896, 24.5035, 24.252508 ] }, { "date": "2024-11-01", "close": 25.020151, "volume": 26092, "typical_volume": 35769.8, "trend": 23.949382, "fair_value": 24.265489, "relative_strength": -2.100559, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.197986, "energy": 58.967469, "activity_lines": [ 25.233709, 25.03572, 24.578104, 24.324799 ] }, { "date": "2024-11-08", "close": 26.683096, "volume": 14772, "typical_volume": 34859.5, "trend": 24.072438, "fair_value": 24.266463, "relative_strength": -0.780111, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.327846, "energy": 73.849543, "activity_lines": [ 25.708568, 25.384193, 24.804782, 24.501167 ] }, { "date": "2024-11-15", "close": 25.842324, "volume": 15960, "typical_volume": 30014.5, "trend": 24.200258, "fair_value": 24.263159, "relative_strength": -0.305372, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.996255, "energy": 58.153303, "activity_lines": [ 25.795098, 25.539629, 24.938095, 24.615353 ] }, { "date": "2024-11-22", "close": 26.886973, "volume": 11417, "typical_volume": 30209.55, "trend": 24.333754, "fair_value": 24.272125, "relative_strength": 1.973983, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.759533, "energy": 77.789016, "activity_lines": [ 26.203019, 25.8326, 25.16196, 24.78869 ] }, { "date": "2024-11-29", "close": 27.090851, "volume": 4796, "typical_volume": 27908.55, "trend": 24.468084, "fair_value": 24.287473, "relative_strength": 2.079026, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.673851, "energy": 85.779079, "activity_lines": [ 26.594364, 26.113671, 25.391991, 24.966567 ] }, { "date": "2024-12-06", "close": 27.389208, "volume": 21846, "typical_volume": 27768.7, "trend": 24.60143, "fair_value": 24.300007, "relative_strength": 0.020953, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.285379, "energy": 90.1121, "activity_lines": [ 26.955874, 26.405564, 25.638584, 25.155027 ] }, { "date": "2024-12-13", "close": 26.937395, "volume": 4692, "typical_volume": 26833.7, "trend": 24.707018, "fair_value": 24.31566, "relative_strength": -2.278216, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.534335, "energy": 86.35919, "activity_lines": [ 27.008842, 26.572635, 25.825834, 25.305734 ] }, { "date": "2024-12-20", "close": 26.074842, "volume": 23082, "typical_volume": 26490.2, "trend": 24.782615, "fair_value": 24.321243, "relative_strength": -3.138877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.013973, "energy": 65.762397, "activity_lines": [ 26.757339, 26.54878, 25.916686, 25.393981 ] }, { "date": "2024-12-27", "close": 26.114452, "volume": 20080, "typical_volume": 21751.1, "trend": 24.873139, "fair_value": 24.325394, "relative_strength": -3.775398, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.719068, "energy": 43.328993, "activity_lines": [ 26.503539, 26.520584, 25.994783, 25.479906 ] }, { "date": "2025-01-03", "close": 26.066881, "volume": 17705, "typical_volume": 18175.3, "trend": 24.961414, "fair_value": 24.330502, "relative_strength": -3.070461, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.419711, "energy": 27.642101, "activity_lines": [ 26.285382, 26.474729, 26.052958, 25.556922 ] }, { "date": "2025-01-10", "close": 25.437705, "volume": 10059, "typical_volume": 17833.0, "trend": 25.019443, "fair_value": 24.333538, "relative_strength": -3.195271, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.811541, "energy": 25.286114, "activity_lines": [ 25.925766, 26.297836, 26.040871, 25.58765 ] }, { "date": "2025-01-17", "close": 26.572251, "volume": 17197, "typical_volume": 17374.4, "trend": 25.108782, "fair_value": 24.355198, "relative_strength": -1.650636, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.219546, "energy": 23.600989, "activity_lines": [ 26.074431, 26.319632, 26.132567, 25.687831 ] }, { "date": "2025-01-24", "close": 27.031841, "volume": 10572, "typical_volume": 17339.85, "trend": 25.211007, "fair_value": 24.38008, "relative_strength": -1.394873, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.297359, "energy": 28.770063, "activity_lines": [ 26.400636, 26.427005, 26.258042, 25.8119 ] }, { "date": "2025-01-31", "close": 26.979195, "volume": 25012, "typical_volume": 17781.55, "trend": 25.30684, "fair_value": 24.400975, "relative_strength": -0.178537, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.510119, "energy": 37.87782, "activity_lines": [ 26.645492, 26.503179, 26.359115, 25.925976 ] }, { "date": "2025-02-07", "close": 26.910624, "volume": 26763, "typical_volume": 16672.3, "trend": 25.383798, "fair_value": 24.420843, "relative_strength": -0.508373, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.289971, "energy": 50.772111, "activity_lines": [ 26.809842, 26.565208, 26.440392, 26.029446 ] }, { "date": "2025-02-14", "close": 27.146291, "volume": 27029, "typical_volume": 17177.1, "trend": 25.489901, "fair_value": 24.444746, "relative_strength": -2.377628, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.035258, "energy": 66.164068, "activity_lines": [ 26.996498, 26.673363, 26.533599, 26.143155 ] }, { "date": "2025-02-21", "close": 26.010949, "volume": 23325, "typical_volume": 17558.25, "trend": 25.558759, "fair_value": 24.459695, "relative_strength": -4.18799, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.517332, "energy": 33.189748, "activity_lines": [ 26.690801, 26.579509, 26.508658, 26.176771 ] }, { "date": "2025-02-28", "close": 25.666605, "volume": 38655, "typical_volume": 18369.75, "trend": 25.660849, "fair_value": 24.454178, "relative_strength": -2.022191, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 6.649232, "energy": 5.97465, "activity_lines": [ 26.307742, 26.439891, 26.446404, 26.183729 ] }, { "date": "2025-03-07", "close": 24.539623, "volume": 65900, "typical_volume": 20888.8, "trend": 25.7161, "fair_value": 24.43882, "relative_strength": -3.058341, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -36.034552, "energy": 32.624957, "activity_lines": [ 25.640039, 26.10279, 26.275739, 26.111392 ] }, { "date": "2025-03-14", "close": 23.988473, "volume": 50622, "typical_volume": 22778.8, "trend": 25.719197, "fair_value": 24.428694, "relative_strength": -2.710445, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.358443, "energy": 48.481017, "activity_lines": [ 24.951257, 25.694113, 26.057723, 25.999932 ] }, { "date": "2025-03-21", "close": 24.284947, "volume": 31575, "typical_volume": 23052.95, "trend": 25.71065, "fair_value": 24.413401, "relative_strength": -1.63984, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.274085, "energy": 71.814017, "activity_lines": [ 24.55611, 25.377129, 25.873481, 25.9074 ] }, { "date": "2025-03-28", "close": 23.838673, "volume": 34052, "typical_volume": 24016.95, "trend": 25.689479, "fair_value": 24.400839, "relative_strength": -1.013063, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.338169, "energy": 75.910306, "activity_lines": [ 24.202962, 24.999964, 25.650238, 25.786627 ] }, { "date": "2025-04-04", "close": 21.526402, "volume": 50413, "typical_volume": 25739.6, "trend": 25.641682, "fair_value": 24.371045, "relative_strength": -0.724881, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -94.431672, "energy": 95.279647, "activity_lines": [ 23.223874, 24.252088, 25.220324, 25.518042 ] }, { "date": "2025-04-11", "close": 22.542981, "volume": 21238, "typical_volume": 26230.65, "trend": 25.586661, "fair_value": 24.34176, "relative_strength": -3.181259, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.768758, "energy": 86.343787, "activity_lines": [ 22.85966, 23.789143, 24.907778, 25.318125 ] }, { "date": "2025-04-18", "close": 22.656996, "volume": 16838, "typical_volume": 26832.75, "trend": 25.518477, "fair_value": 24.317688, "relative_strength": -0.345688, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.887254, "energy": 84.180819, "activity_lines": [ 22.66656, 23.427587, 24.626777, 25.129115 ] }, { "date": "2025-04-25", "close": 23.450324, "volume": 11907, "typical_volume": 26335.8, "trend": 25.465416, "fair_value": 24.298056, "relative_strength": -2.929995, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.265285, "energy": 64.110879, "activity_lines": [ 22.826668, 23.28761, 24.442444, 24.995685 ] }, { "date": "2025-05-02", "close": 24.229313, "volume": 22765, "typical_volume": 27239.45, "trend": 25.43766, "fair_value": 24.283263, "relative_strength": -2.908074, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.034186, "energy": 45.984351, "activity_lines": [ 23.302081, 23.356468, 24.351057, 24.915937 ] }, { "date": "2025-05-09", "close": 24.441113, "volume": 16616, "typical_volume": 26916.15, "trend": 25.404365, "fair_value": 24.271981, "relative_strength": -1.770439, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.833271, "energy": 27.581916, "activity_lines": [ 23.822051, 23.496227, 24.292738, 24.851644 ] }, { "date": "2025-05-16", "close": 25.576387, "volume": 35260, "typical_volume": 27675.15, "trend": 25.402946, "fair_value": 24.266808, "relative_strength": -3.67723, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.151502, "energy": 22.798974, "activity_lines": [ 24.526131, 23.864682, 24.350319, 24.862742 ] }, { "date": "2025-05-23", "close": 24.940291, "volume": 52583, "typical_volume": 29419.05, "trend": 25.395905, "fair_value": 24.254774, "relative_strength": -3.688671, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.755027, "energy": 25.987544, "activity_lines": [ 24.815953, 24.098633, 24.349882, 24.832893 ] }, { "date": "2025-05-30", "close": 25.293091, "volume": 32128, "typical_volume": 30522.5, "trend": 25.405003, "fair_value": 24.243973, "relative_strength": -4.056131, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.551586, "energy": 23.457707, "activity_lines": [ 25.071155, 24.379424, 24.38841, 24.82626 ] }, { "date": "2025-06-06", "close": 25.735312, "volume": 21158, "typical_volume": 30720.55, "trend": 25.37341, "fair_value": 24.235392, "relative_strength": -4.285712, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 9.254952, "energy": 26.80995, "activity_lines": [ 25.350912, 24.722288, 24.469743, 24.84757 ] }, { "date": "2025-06-13", "close": 25.244598, "volume": 103312, "typical_volume": 35357.55, "trend": 25.353486, "fair_value": 24.230926, "relative_strength": -5.517264, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.015373, "energy": 27.193627, "activity_lines": [ 25.366699, 24.941448, 24.508326, 24.83926 ] }, { "date": "2025-06-20", "close": 25.34059, "volume": 31143, "typical_volume": 35664.1, "trend": 25.30194, "fair_value": 24.233586, "relative_strength": -5.064065, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 19.123715, "energy": 31.701907, "activity_lines": [ 25.360917, 25.110457, 24.564563, 24.838428 ] }, { "date": "2025-06-27", "close": 26.203551, "volume": 25335, "typical_volume": 35592.7, "trend": 25.272363, "fair_value": 24.247187, "relative_strength": -5.654689, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.809462, "energy": 45.682301, "activity_lines": [ 25.658508, 25.385502, 24.710788, 24.896596 ] }, { "date": "2025-07-04", "close": 26.652071, "volume": 6714, "typical_volume": 34576.95, "trend": 25.247792, "fair_value": 24.265385, "relative_strength": -5.408802, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.308039, "energy": 58.033871, "activity_lines": [ 26.021389, 25.677614, 24.903098, 24.985609 ] }, { "date": "2025-07-11", "close": 26.437778, "volume": 6152, "typical_volume": 33718.3, "trend": 25.231138, "fair_value": 24.285775, "relative_strength": -5.745342, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.331975, "energy": 68.713098, "activity_lines": [ 26.22224, 25.87255, 25.077351, 25.062383 ] }, { "date": "2025-07-18", "close": 26.796594, "volume": 7553, "typical_volume": 32163.2, "trend": 25.255197, "fair_value": 24.30699, "relative_strength": -5.561561, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.181073, "energy": 74.987119, "activity_lines": [ 26.495866, 26.092571, 25.283745, 25.16338 ] }, { "date": "2025-07-25", "close": 27.227074, "volume": 14483, "typical_volume": 29592.35, "trend": 25.292284, "fair_value": 24.323799, "relative_strength": -4.767577, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.378546, "energy": 82.431151, "activity_lines": [ 26.809518, 26.348034, 25.525757, 25.290598 ] }, { "date": "2025-08-01", "close": 26.458709, "volume": 10820, "typical_volume": 27602.25, "trend": 25.305345, "fair_value": 24.340209, "relative_strength": -5.264189, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.629326, "energy": 83.518049, "activity_lines": [ 26.741283, 26.433782, 25.681793, 25.365851 ] }, { "date": "2025-08-08", "close": 26.886298, "volume": 9092, "typical_volume": 26478.1, "trend": 25.353631, "fair_value": 24.352479, "relative_strength": -7.044375, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.646457, "energy": 79.896428, "activity_lines": [ 26.798568, 26.569666, 25.866789, 25.467848 ] }, { "date": "2025-08-15", "close": 27.205645, "volume": 8620, "typical_volume": 25206.5, "trend": 25.374745, "fair_value": 24.369118, "relative_strength": -6.270883, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.43243, "energy": 81.669594, "activity_lines": [ 26.946686, 26.734645, 26.069812, 25.587333 ] }, { "date": "2025-08-22", "close": 27.615592, "volume": 10010, "typical_volume": 23186.35, "trend": 25.394203, "fair_value": 24.384701, "relative_strength": -3.850109, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.266221, "energy": 70.576658, "activity_lines": [ 27.180262, 26.947427, 26.295844, 25.731903 ] }, { "date": "2025-08-29", "close": 27.616689, "volume": 18513, "typical_volume": 23050.1, "trend": 25.415453, "fair_value": 24.406685, "relative_strength": -3.461223, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.440846, "energy": 82.579506, "activity_lines": [ 27.359604, 27.1173, 26.492984, 25.87529 ] }, { "date": "2025-09-05", "close": 27.630842, "volume": 4250, "typical_volume": 22420.7, "trend": 25.43946, "fair_value": 24.428821, "relative_strength": -4.232526, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.090918, "energy": 84.15204, "activity_lines": [ 27.517689, 27.248362, 26.667312, 26.018218 ] }, { "date": "2025-09-12", "close": 27.885402, "volume": 14205, "typical_volume": 22535.6, "trend": 25.464097, "fair_value": 24.454618, "relative_strength": -4.963382, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.220552, "energy": 83.822505, "activity_lines": [ 27.682485, 27.399757, 26.842198, 26.176021 ] }, { "date": "2025-09-19", "close": 28.200263, "volume": 27445, "typical_volume": 22769.6, "trend": 25.537074, "fair_value": 24.486367, "relative_strength": -5.764434, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.107227, "energy": 79.856956, "activity_lines": [ 27.885628, 27.585975, 27.025952, 26.352547 ] }, { "date": "2025-09-26", "close": 28.031733, "volume": 11925, "typical_volume": 22535.05, "trend": 25.615912, "fair_value": 24.518204, "relative_strength": -5.734827, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.373746, "energy": 71.813802, "activity_lines": [ 27.966286, 27.709507, 27.174746, 26.513493 ] }, { "date": "2025-10-03", "close": 28.23802, "volume": 36248, "typical_volume": 22584.45, "trend": 25.739192, "fair_value": 24.543956, "relative_strength": -5.999144, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.976629, "energy": 68.373406, "activity_lines": [ 28.087964, 27.848088, 27.326089, 26.682661 ] }, { "date": "2025-10-10", "close": 27.642613, "volume": 29093, "typical_volume": 21409.95, "trend": 25.860996, "fair_value": 24.567827, "relative_strength": -5.66555, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.116106, "energy": 59.601078, "activity_lines": [ 27.969751, 27.860032, 27.408051, 26.805463 ] }, { "date": "2025-10-17", "close": 28.075645, "volume": 13163, "typical_volume": 20461.7, "trend": 25.987353, "fair_value": 24.595089, "relative_strength": -6.274039, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.445781, "energy": 54.660017, "activity_lines": [ 27.995098, 27.929184, 27.518387, 26.948343 ] }, { "date": "2025-10-24", "close": 28.650393, "volume": 11780, "typical_volume": 19992.8, "trend": 26.147744, "fair_value": 24.625959, "relative_strength": -6.22854, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.391118, "energy": 60.051775, "activity_lines": [ 28.199344, 28.081211, 27.67021, 27.120152 ] }, { "date": "2025-10-31", "close": 28.393708, "volume": 10901, "typical_volume": 15372.25, "trend": 26.376654, "fair_value": 24.648649, "relative_strength": -8.607352, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.239246, "energy": 54.505938, "activity_lines": [ 28.28802, 28.1603, 27.783705, 27.265053 ] }, { "date": "2025-11-07", "close": 27.964468, "volume": 12838, "typical_volume": 14457.0, "trend": 26.55737, "fair_value": 24.669542, "relative_strength": -6.906627, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.298446, "energy": 48.27478, "activity_lines": [ 28.209484, 28.147197, 27.841325, 27.367493 ] }, { "date": "2025-11-14", "close": 27.696006, "volume": 16315, "typical_volume": 14006.0, "trend": 26.725337, "fair_value": 24.692071, "relative_strength": -7.420224, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.993708, "energy": 36.10221, "activity_lines": [ 28.059697, 28.078961, 27.860882, 27.440953 ] }, { "date": "2025-11-21", "close": 27.037325, "volume": 14818, "typical_volume": 14411.2, "trend": 26.844904, "fair_value": 24.711596, "relative_strength": -6.465035, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 18.452562, "energy": 14.512338, "activity_lines": [ 27.686791, 27.889779, 27.810601, 27.461082 ] }, { "date": "2025-11-28", "close": 28.483228, "volume": 9867, "typical_volume": 14596.95, "trend": 26.986701, "fair_value": 24.739836, "relative_strength": -5.831394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.821364, "energy": 23.398206, "activity_lines": [ 27.865073, 27.978908, 27.89619, 27.56678 ] }, { "date": "2025-12-05", "close": 28.668557, "volume": 10178, "typical_volume": 14728.2, "trend": 27.127616, "fair_value": 24.773174, "relative_strength": -5.923234, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.184176, "energy": 30.020848, "activity_lines": [ 28.116277, 28.096588, 27.98969, 27.675287 ] }, { "date": "2025-12-12", "close": 28.761071, "volume": 19388, "typical_volume": 14973.45, "trend": 27.233772, "fair_value": 24.810142, "relative_strength": -3.636708, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.330337, "energy": 38.220758, "activity_lines": [ 28.379995, 28.219511, 28.083086, 27.780671 ] }, { "date": "2025-12-19", "close": 28.860294, "volume": 44755, "typical_volume": 16670.2, "trend": 27.364439, "fair_value": 24.845553, "relative_strength": -3.698224, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.173613, "energy": 59.211761, "activity_lines": [ 28.62368, 28.350964, 28.178627, 27.885608 ] }, { "date": "2025-12-26", "close": 29.129584, "volume": 13431, "typical_volume": 16887.15, "trend": 27.492322, "fair_value": 24.882258, "relative_strength": -3.854047, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.943594, "energy": 69.257704, "activity_lines": [ 28.87951, 28.50924, 28.288379, 27.999488 ] }, { "date": "2026-01-02", "close": 29.168354, "volume": 13073, "typical_volume": 17109.8, "trend": 27.606756, "fair_value": 24.917145, "relative_strength": -1.920588, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.163145, "energy": 69.252958, "activity_lines": [ 29.008779, 28.655402, 28.391141, 28.107619 ] }, { "date": "2026-01-09", "close": 30.144593, "volume": 20558, "typical_volume": 17637.2, "trend": 27.77009, "fair_value": 24.95445, "relative_strength": -0.735895, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.730162, "energy": 80.702377, "activity_lines": [ 29.417786, 28.969644, 28.577532, 28.271351 ] }, { "date": "2026-01-16", "close": 30.550776, "volume": 17352, "typical_volume": 17579.15, "trend": 27.943763, "fair_value": 24.992346, "relative_strength": 1.555451, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.391204, "energy": 88.029787, "activity_lines": [ 29.863785, 29.325904, 28.790564, 28.45075 ] }, { "date": "2026-01-23", "close": 30.360824, "volume": 20610, "typical_volume": 18397.15, "trend": 28.082338, "fair_value": 25.02817, "relative_strength": 0.789066, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.078577, "energy": 84.666135, "activity_lines": [ 30.127153, 29.600603, 28.971534, 28.606689 ] }, { "date": "2026-01-30", "close": 30.061557, "volume": 7400, "typical_volume": 18056.9, "trend": 28.195988, "fair_value": 25.064562, "relative_strength": 0.074182, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.574578, "energy": 80.386223, "activity_lines": [ 30.19073, 29.772439, 29.111002, 28.734381 ] }, { "date": "2026-02-06", "close": 30.057461, "volume": 42925, "typical_volume": 18830.9, "trend": 28.316644, "fair_value": 25.10221, "relative_strength": 2.164515, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.970886, "energy": 65.749869, "activity_lines": [ 30.19081, 29.888543, 29.239717, 28.854476 ] }, { "date": "2026-02-13", "close": 29.633791, "volume": 43653, "typical_volume": 20417.3, "trend": 28.411217, "fair_value": 25.135227, "relative_strength": 2.077575, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.006587, "energy": 46.568527, "activity_lines": [ 29.990393, 29.898995, 29.319239, 28.939453 ] }, { "date": "2026-02-20", "close": 30.086038, "volume": 30722, "typical_volume": 20141.0, "trend": 28.506516, "fair_value": 25.175672, "relative_strength": 2.473702, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.459912, "energy": 42.450404, "activity_lines": [ 29.974778, 29.974124, 29.434203, 29.047506 ] }, { "date": "2026-02-27", "close": 30.419678, "volume": 43958, "typical_volume": 20884.25, "trend": 28.638548, "fair_value": 25.214592, "relative_strength": 3.897187, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.927837, "energy": 46.515427, "activity_lines": [ 30.10136, 30.085824, 29.572142, 29.170936 ] }, { "date": "2026-03-06", "close": 28.208702, "volume": 71035, "typical_volume": 23777.85, "trend": 28.682628, "fair_value": 25.243292, "relative_strength": -2.321709, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 12.16439, "energy": 13.114659, "activity_lines": [ 29.487025, 29.767176, 29.486289, 29.143204 ] }, { "date": "2026-03-13", "close": 27.695802, "volume": 66785, "typical_volume": 26528.1, "trend": 28.698967, "fair_value": 25.273587, "relative_strength": -2.983676, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.905457, "energy": 18.430855, "activity_lines": [ 28.825248, 29.372017, 29.350953, 29.079538 ] }, { "date": "2026-03-20", "close": 26.844666, "volume": 65404, "typical_volume": 29253.25, "trend": 28.673269, "fair_value": 25.297107, "relative_strength": -3.903134, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -42.890637, "energy": 44.761682, "activity_lines": [ 28.037203, 28.848879, 29.139104, 28.959905 ] }, { "date": "2026-03-27", "close": 26.9951, "volume": 55350, "typical_volume": 31378.85, "trend": 28.65255, "fair_value": 25.316078, "relative_strength": -0.019124, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.163467, "energy": 52.132599, "activity_lines": [ 27.485243, 28.413092, 28.948957, 28.851636 ] }, { "date": "2026-04-03", "close": 28.0383, "volume": 36029, "typical_volume": 32364.55, "trend": 28.666132, "fair_value": 25.341303, "relative_strength": -0.001891, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.481968, "energy": 56.992677, "activity_lines": [ 27.48708, 28.231626, 28.862779, 28.812007 ] }, { "date": "2026-04-10", "close": 29.6246, "volume": 69424, "typical_volume": 35094.85, "trend": 28.724105, "fair_value": 25.372855, "relative_strength": 1.200166, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -5.234716, "energy": 22.56841, "activity_lines": [ 28.176442, 28.380806, 28.926047, 28.873844 ] }, { "date": "2026-04-17", "close": 30.3197, "volume": 37140, "typical_volume": 36458.5, "trend": 28.794753, "fair_value": 25.40929, "relative_strength": -2.278183, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 27.943558, "energy": 16.905516, "activity_lines": [ 29.003111, 28.664313, 29.043195, 28.976786 ] }, { "date": "2026-04-24", "close": 29.757893, "volume": 42506, "typical_volume": 38074.9, "trend": 28.852292, "fair_value": 25.441449, "relative_strength": -5.968315, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.636333, "energy": 28.257476, "activity_lines": [ 29.467584, 28.840905, 29.098092, 29.038924 ] }, { "date": "2026-05-01", "close": 30.143098, "volume": 61360, "typical_volume": 40173.5, "trend": 28.915794, "fair_value": 25.4749, "relative_strength": -6.011168, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.945886, "energy": 41.69554, "activity_lines": [ 29.866244, 29.085278, 29.184488, 29.122201 ] }, { "date": "2026-05-08", "close": 30.987991, "volume": 14453, "typical_volume": 38658.4, "trend": 29.027307, "fair_value": 25.515481, "relative_strength": -8.165344, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 71.942622, "energy": 61.510864, "activity_lines": [ 30.336668, 29.48223, 29.344769, 29.255892 ] }, { "date": "2026-05-15", "close": 29.97896, "volume": 18630, "typical_volume": 38918.35, "trend": 29.090751, "fair_value": 25.550978, "relative_strength": -10.616107, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.039261, "energy": 57.555569, "activity_lines": [ 30.274103, 29.685389, 29.39882, 29.317289 ] }, { "date": "2026-05-22", "close": 30.230474, "volume": 19086, "typical_volume": 39219.0, "trend": 29.14342, "fair_value": 25.588705, "relative_strength": -10.6927, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.986066, "energy": 46.083793, "activity_lines": [ 30.271751, 29.902091, 29.47278, 29.390819 ] }, { "date": "2026-05-29", "close": 30.896351, "volume": 8709, "typical_volume": 38626.55, "trend": 29.226841, "fair_value": 25.628626, "relative_strength": -11.037363, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.393545, "energy": 48.353135, "activity_lines": [ 30.497307, 30.193777, 29.605099, 29.503911 ] }, { "date": "2026-06-05", "close": 29.401846, "volume": 25020, "typical_volume": 39009.95, "trend": 29.274754, "fair_value": 25.656551, "relative_strength": -11.092177, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.107591, "energy": 27.101176, "activity_lines": [ 30.148798, 30.140068, 29.591504, 29.515202 ] }, { "date": "2026-06-12", "close": 30.261417, "volume": 84669, "typical_volume": 42212.9, "trend": 29.360268, "fair_value": 25.685867, "relative_strength": -10.332749, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.957533, "energy": 24.43743, "activity_lines": [ 30.136229, 30.198885, 29.665245, 29.578858 ] }, { "date": "2026-06-19", "close": 30.429424, "volume": 45823, "typical_volume": 44134.05, "trend": 29.473338, "fair_value": 25.722392, "relative_strength": -11.921773, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.763572, "energy": 25.471128, "activity_lines": [ 30.2281, 30.247829, 29.75546, 29.647836 ] }, { "date": "2026-06-26", "close": 29.317, "volume": 64370, "typical_volume": 45206.3, "trend": 29.50113, "fair_value": 25.747221, "relative_strength": -10.905865, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.067983, "energy": 14.936393, "activity_lines": [ 29.919133, 30.079881, 29.737977, 29.637749 ] }, { "date": "2026-07-03", "close": 29.2629, "volume": 78264, "typical_volume": 46936.85, "trend": 29.520941, "fair_value": 25.772416, "relative_strength": -11.572426, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 19.540618, "energy": 12.546772, "activity_lines": [ 29.65303, 29.920327, 29.718868, 29.62238 ] }, { "date": "2026-07-10", "close": 28.9253, "volume": 8531, "typical_volume": 45827.3, "trend": 29.526416, "fair_value": 25.790234, "relative_strength": -13.862191, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.121555, "energy": 14.327563, "activity_lines": [ 29.383291, 29.708392, 29.669374, 29.583951 ] }, { "date": "2026-07-17", "close": 28.0838, "volume": 22766, "typical_volume": 44767.7, "trend": 29.500533, "fair_value": 25.802085, "relative_strength": -12.464302, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -42.207498, "energy": 42.126953, "activity_lines": [ 28.864822, 29.365598, 29.545263, 29.490879 ] }, { "date": "2026-07-24", "close": 28.1706, "volume": 61381, "typical_volume": 44285.0, "trend": 29.468567, "fair_value": 25.811996, "relative_strength": -10.505259, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -57.841592, "energy": 61.56873, "activity_lines": [ 28.52046, 29.091389, 29.440542, 29.405077 ] }, { "date": "2026-07-31", "close": 28.1056, "volume": 14383, "typical_volume": 41664.9, "trend": 29.433141, "fair_value": 25.825347, "relative_strength": -10.935615, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.649887, "energy": 65.687451, "activity_lines": [ 28.30502, 28.838242, 29.329813, 29.317144 ] }, { "date": "2026-08-07", "close": 29.08, "volume": 22001, "typical_volume": 39494.75, "trend": 29.397655, "fair_value": 25.84626, "relative_strength": -12.06497, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.68911, "energy": 56.181101, "activity_lines": [ 28.49514, 28.800892, 29.309932, 29.29436 ] } ], "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." } } }