{ "ticker": { "uuid": "0e1c7fc1-9006-4ca9-9edb-c90969ff892e", "symbol": "REWLD", "name": "Amundi FTSE EPRA/NAREIT Global II UCITS ETF D", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 59.374, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 64.491, "architecture_energy": 59.596, "architecture_maturity": 38.75, "architecture_confidence": 63.818, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 10.45, "rotation_up": 65.08, "upward_expansion": 83.03, "deceleration": 61.69, "rotation_down": 17.75, "downward_expansion": 9.7 }, "activity_lines": [ 43.864666, 43.621181, 42.942643, 42.387763 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 43.375, "trend_reference": 41.662833, "distance_from_trend": 0.041096, "trend_direction": "Improving", "fair_value": 39.088642, "distance_from_fair_value": 0.109657, "fair_value_direction": "Improving", "relative_strength": -7.617153, "relative_strength_direction": "Weakening", "price_momentum": 0.085732, "excess_performance": -0.08516, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.041096, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040004, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.109657, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.021365, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.076172, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.025074, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.085732, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.466887, "read": "Supply-led" } ], "volume": { "latest": 1790, "relative_activity": 2.104397, "balance": 0.466887, "dry_up": 1.273219, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.019144, "annualized_volatility": 0.130369, "from_high_reference": -0.040482, "from_low_reference": 0.169838 }, "levels": { "trend_reference": 41.662833, "fair_value_reference": 39.088642, "structural_low": 38.669998, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 9, "median_return": 0.031103, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.018307, "regime_survival": 0.777778, "best_return": 0.068266, "worst_return": -0.051411, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.049497, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.031899, "regime_survival": 0.333333, "best_return": 0.069935, "worst_return": 0.00043, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.02306, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.005872, "regime_survival": 1.0, "best_return": 0.02306, "worst_return": 0.02306, "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": "balance", "label": "Balance", "color": "blue", "start": "2025-08-29", "end": "2025-09-05", "tenure": "New", "return": 0.002552, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-12", "end": "2025-09-19", "tenure": "New", "return": -0.014811, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-26", "end": "2025-12-12", "tenure": "Developing", "return": -0.000359, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-19", "end": "2026-01-16", "tenure": "Developing", "return": 0.050616, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-03-27", "tenure": "Developing", "return": -0.002181, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": 0.042902, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.039669, "active": true } ], "chart_path": [ { "date": "2024-02-23", "close": 36.307327, "volume": 21946, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 36.321438, "volume": 1810, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 36.627213, "volume": 4644, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 35.959209, "volume": 2134, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 36.279102, "volume": 550, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 37.375187, "volume": 3551, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 36.199127, "volume": 1349, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 36.123859, "volume": 1334, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 35.201832, "volume": 438, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 35.672256, "volume": 1625, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 36.123859, "volume": 1462, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 36.264984, "volume": 287, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 36.885948, "volume": 1219, "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": 35.827496, "volume": 1449, "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": 35.949802, "volume": 1361, "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": 36.486088, "volume": 653, "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": 36.561356, "volume": 3431, "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": 36.476681, "volume": 3560, "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": 36.617805, "volume": 4406, "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": 36.594284, "volume": 268, "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": 37.80798, "volume": 1798, "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": 38.010262, "volume": 1068, "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": 37.977333, "volume": 106, "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": 37.972626, "volume": 1008, "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": 38.386597, "volume": 3006, "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": 38.55595, "volume": 354, "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": 39.289814, "volume": 300, "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": 39.764942, "volume": 821, "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": 39.929588, "volume": 853, "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": 41.068016, "volume": 247, "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": 40.625816, "volume": 2125, "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": 40.903366, "volume": 3154, "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": 40.536434, "volume": 1342, "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": 40.291817, "volume": 1242, "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": 41.331455, "volume": 901, "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": 40.936295, "volume": 375, "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": 39.915478, "volume": 594, "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": 40.785759, "volume": 1115, "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": 40.677563, "volume": 3427, "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": 41.491398, "volume": 3124, "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": 42.211147, "volume": 2108, "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": 41.058609, "volume": 853, "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": 40.508308, "volume": 505, "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": 39.314449, "volume": 1096, "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": 39.562969, "volume": 1020, "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": 40.001526, "volume": 586, "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": 38.99284, "volume": 907, "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": 40.113605, "volume": 501, "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": 39.777374, "volume": 367, "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": 40.552166, "volume": 649, "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": 40.703224, "volume": 904, "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": 40.518055, "volume": 239, "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": 40.557037, "volume": 858, "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": 41.063816, "volume": 1158, "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": 38.67123, "volume": 878, "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": 38.01339, "volume": 441, "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": 38.354492, "volume": 785, "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": 38.242416, "volume": 177, "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": 36.200676, "volume": 450, "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": 34.21254, "volume": 2686, "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": 36.346863, "volume": 109, "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": 36.483307, "volume": 396, "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": 37.774616, "volume": 318, "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": 37.920807, "volume": 635, "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": 38.344749, "volume": 615, "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": 36.999828, "volume": 895, "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": 37.915932, "volume": 991, "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": 38.023136, "volume": 2516, "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": 38.198559, "volume": 537, "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": 37.842842, "volume": 1368, "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": 37.155762, "volume": 612, "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": 37.370171, "volume": 286, "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": 37.194748, "volume": 652, "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": 37.194748, "volume": 1455, "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": 37.30682, "volume": 827, "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": 37.121651, "volume": 299, "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": 37.491993, "volume": 437, "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": 37.414024, "volume": 775, "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": 38.334999, "volume": 879, "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": 38.183941, "volume": 596, "typical_volume": 759.9, "trend": 37.905212, "fair_value": 38.267034, "relative_strength": -14.307962, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 31.42272, "energy": 27.981602, "activity_lines": [ 37.907161, 37.638798, 37.607989, 37.581349 ] }, { "date": "2025-09-05", "close": 38.281399, "volume": 232, "typical_volume": 766.05, "trend": 37.824485, "fair_value": 38.267211, "relative_strength": -12.429661, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 34.130739, "energy": 48.426039, "activity_lines": [ 38.097853, 37.785073, 37.679458, 37.605619 ] }, { "date": "2025-09-12", "close": 38.822289, "volume": 84, "typical_volume": 750.45, "trend": 37.767959, "fair_value": 38.27398, "relative_strength": -12.69348, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.263378, "energy": 65.981669, "activity_lines": [ 38.391526, 38.009226, 37.793229, 37.669993 ] }, { "date": "2025-09-19", "close": 38.247288, "volume": 410, "typical_volume": 755.05, "trend": 37.690968, "fair_value": 38.273659, "relative_strength": -12.990742, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 59.895548, "energy": 66.271831, "activity_lines": [ 38.404845, 38.102431, 37.841099, 37.700918 ] }, { "date": "2025-09-26", "close": 38.003643, "volume": 507, "typical_volume": 748.65, "trend": 37.588962, "fair_value": 38.270444, "relative_strength": -13.764445, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.289439, "energy": 57.752639, "activity_lines": [ 38.281398, 38.132199, 37.863514, 37.72109 ] }, { "date": "2025-10-03", "close": 38.510426, "volume": 1148, "typical_volume": 775.3, "trend": 37.583602, "fair_value": 38.273268, "relative_strength": -13.340517, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.988599, "energy": 48.961816, "activity_lines": [ 38.34897, 38.239403, 37.9338, 37.78054 ] }, { "date": "2025-10-10", "close": 37.794109, "volume": 1027, "typical_volume": 781.9, "trend": 37.576292, "fair_value": 38.267696, "relative_strength": -12.05134, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.93426, "energy": 21.97356, "activity_lines": [ 38.156003, 38.194484, 37.935076, 37.794121 ] }, { "date": "2025-10-17", "close": 38.788177, "volume": 626, "typical_volume": 763.65, "trend": 37.590749, "fair_value": 38.273679, "relative_strength": -8.689996, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.217705, "energy": 34.378305, "activity_lines": [ 38.326878, 38.318078, 38.027243, 37.872307 ] }, { "date": "2025-10-24", "close": 39.407036, "volume": 1714, "typical_volume": 723.55, "trend": 37.629569, "fair_value": 38.286558, "relative_strength": -8.392566, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.091739, "energy": 52.929057, "activity_lines": [ 38.706314, 38.530624, 38.174195, 37.989487 ] }, { "date": "2025-10-31", "close": 38.520172, "volume": 212, "typical_volume": 707.3, "trend": 37.706886, "fair_value": 38.289183, "relative_strength": -11.445655, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.077727, "energy": 38.656197, "activity_lines": [ 38.712812, 38.545686, 38.230094, 38.046945 ] }, { "date": "2025-11-07", "close": 38.559151, "volume": 1224, "typical_volume": 700.1, "trend": 37.851773, "fair_value": 38.292182, "relative_strength": -10.298504, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.925527, "energy": 48.988321, "activity_lines": [ 38.697868, 38.564469, 38.288174, 38.10193 ] }, { "date": "2025-11-14", "close": 38.495808, "volume": 740, "typical_volume": 706.5, "trend": 37.923404, "fair_value": 38.29442, "relative_strength": -12.107112, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.911411, "energy": 36.789936, "activity_lines": [ 38.658561, 38.564912, 38.33681, 38.14348 ] }, { "date": "2025-11-21", "close": 38.50555, "volume": 553, "typical_volume": 719.85, "trend": 37.990812, "fair_value": 38.296715, "relative_strength": -8.745333, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.165292, "energy": 24.832799, "activity_lines": [ 38.575721, 38.563229, 38.379993, 38.181038 ] }, { "date": "2025-11-28", "close": 39.216995, "volume": 852, "typical_volume": 729.85, "trend": 38.038892, "fair_value": 38.30661, "relative_strength": -7.906752, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.955886, "energy": 34.984801, "activity_lines": [ 38.748872, 38.696658, 38.485526, 38.260147 ] }, { "date": "2025-12-05", "close": 38.525043, "volume": 5533, "typical_volume": 933.75, "trend": 38.059033, "fair_value": 38.308934, "relative_strength": -9.166117, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.432382, "energy": 26.512838, "activity_lines": [ 38.704041, 38.686646, 38.515529, 38.291511 ] }, { "date": "2025-12-12", "close": 37.990002, "volume": 1146, "typical_volume": 949.7, "trend": 38.047208, "fair_value": 38.305577, "relative_strength": -10.084373, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.619703, "energy": 12.069814, "activity_lines": [ 38.480538, 38.569874, 38.488241, 38.287058 ] }, { "date": "2025-12-19", "close": 38.130001, "volume": 391, "typical_volume": 954.3, "trend": 38.084881, "fair_value": 38.303748, "relative_strength": -11.71508, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.630529, "energy": 10.683425, "activity_lines": [ 38.341645, 38.488019, 38.471033, 38.292399 ] }, { "date": "2025-12-26", "close": 38.02, "volume": 835, "typical_volume": 974.2, "trend": 38.088349, "fair_value": 38.300823, "relative_strength": -11.13018, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.489852, "energy": 13.154221, "activity_lines": [ 38.190473, 38.380057, 38.438547, 38.288213 ] }, { "date": "2026-01-02", "close": 38.174999, "volume": 520, "typical_volume": 961.45, "trend": 38.093412, "fair_value": 38.299539, "relative_strength": -11.690567, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.786832, "energy": 16.666571, "activity_lines": [ 38.123336, 38.314243, 38.418309, 38.293804 ] }, { "date": "2026-01-09", "close": 39.195, "volume": 822, "typical_volume": 958.6, "trend": 38.126626, "fair_value": 38.308584, "relative_strength": -9.551629, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.391936, "energy": 17.547413, "activity_lines": [ 38.465667, 38.456284, 38.49159, 38.364874 ] }, { "date": "2026-01-16", "close": 40.060001, "volume": 1194, "typical_volume": 988.5, "trend": 38.200532, "fair_value": 38.326098, "relative_strength": -7.283783, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 72.485438, "energy": 60.900202, "activity_lines": [ 39.051667, 38.743329, 38.643156, 38.489608 ] }, { "date": "2026-01-23", "close": 38.965, "volume": 2859, "typical_volume": 1119.85, "trend": 38.260839, "fair_value": 38.332424, "relative_strength": -7.437573, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.451674, "energy": 56.251403, "activity_lines": [ 39.134667, 38.803994, 38.681504, 38.538928 ] }, { "date": "2026-01-30", "close": 38.810001, "volume": 943, "typical_volume": 1162.8, "trend": 38.308834, "fair_value": 38.337106, "relative_strength": -8.728266, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.624398, "energy": 56.325966, "activity_lines": [ 39.110334, 38.827947, 38.701834, 38.574358 ] }, { "date": "2026-02-06", "close": 39.950001, "volume": 786, "typical_volume": 1181.6, "trend": 38.400676, "fair_value": 38.352765, "relative_strength": -6.325012, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.539671, "energy": 70.801902, "activity_lines": [ 39.413334, 39.053638, 38.830794, 38.68024 ] }, { "date": "2026-02-13", "close": 41.220001, "volume": 499, "typical_volume": 1181.2, "trend": 38.534851, "fair_value": 38.380335, "relative_strength": -2.075001, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.63912, "energy": 80.43131, "activity_lines": [ 40.021334, 39.49691, 39.072598, 38.862132 ] }, { "date": "2026-02-20", "close": 41.625, "volume": 8710, "typical_volume": 1559.3, "trend": 38.67879, "fair_value": 38.411236, "relative_strength": -3.008141, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.319256, "energy": 90.459443, "activity_lines": [ 40.629334, 39.964819, 39.337658, 39.061496 ] }, { "date": "2026-02-27", "close": 42.005001, "volume": 4044, "typical_volume": 1710.15, "trend": 38.841568, "fair_value": 38.44514, "relative_strength": -3.303164, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.725476, "energy": 94.694194, "activity_lines": [ 41.259667, 40.435728, 39.624077, 39.276091 ] }, { "date": "2026-03-06", "close": 41.599998, "volume": 2365, "typical_volume": 1797.1, "trend": 38.978502, "fair_value": 38.474624, "relative_strength": 2.525423, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.919264, "energy": 89.020645, "activity_lines": [ 41.552333, 40.762546, 39.851872, 39.454054 ] }, { "date": "2026-03-13", "close": 41.049999, "volume": 502, "typical_volume": 1736.5, "trend": 39.099701, "fair_value": 38.49847, "relative_strength": 0.91387, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.877198, "energy": 87.162963, "activity_lines": [ 41.475666, 40.924273, 40.013897, 39.587699 ] }, { "date": "2026-03-20", "close": 39.485001, "volume": 1081, "typical_volume": 1779.95, "trend": 39.138034, "fair_value": 38.507521, "relative_strength": 0.539076, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.902451, "energy": 49.070458, "activity_lines": [ 40.804, 40.749182, 40.019051, 39.612557 ] }, { "date": "2026-03-27", "close": 38.880001, "volume": 287, "typical_volume": 1733.1, "trend": 39.161236, "fair_value": 38.510907, "relative_strength": -2.04244, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 17.230487, "energy": 19.283721, "activity_lines": [ 40.046334, 40.458818, 39.961991, 39.59591 ] }, { "date": "2026-04-03", "close": 39.974998, "volume": 149, "typical_volume": 1703.55, "trend": 39.21769, "fair_value": 38.524097, "relative_strength": -3.901043, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.112776, "energy": 29.183697, "activity_lines": [ 39.836666, 40.389, 40.007689, 39.64841 ] }, { "date": "2026-04-10", "close": 40.709999, "volume": 1119, "typical_volume": 1731.85, "trend": 39.280613, "fair_value": 38.543614, "relative_strength": -5.914125, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.500848, "energy": 31.162194, "activity_lines": [ 40.007333, 40.434454, 40.116343, 39.744688 ] }, { "date": "2026-04-17", "close": 41.834999, "volume": 2122, "typical_volume": 1795.35, "trend": 39.400204, "fair_value": 38.572742, "relative_strength": -5.498779, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.462335, "energy": 30.898163, "activity_lines": [ 40.612333, 40.649909, 40.321643, 39.909487 ] }, { "date": "2026-04-24", "close": 41.689999, "volume": 1221, "typical_volume": 1579.75, "trend": 39.523082, "fair_value": 38.600086, "relative_strength": -3.219655, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 70.570938, "energy": 60.845371, "activity_lines": [ 41.116666, 40.804727, 40.500666, 40.057216 ] }, { "date": "2026-05-01", "close": 41.720001, "volume": 2272, "typical_volume": 1636.05, "trend": 39.630068, "fair_value": 38.627216, "relative_strength": -4.087834, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.000443, "energy": 75.536062, "activity_lines": [ 41.484, 40.956454, 40.667476, 40.198953 ] }, { "date": "2026-05-08", "close": 42.07, "volume": 1403, "typical_volume": 1686.65, "trend": 39.772598, "fair_value": 38.656895, "relative_strength": -5.109768, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.873373, "energy": 82.525572, "activity_lines": [ 41.778667, 41.170091, 40.849857, 40.356368 ] }, { "date": "2026-05-15", "close": 41.549999, "volume": 434, "typical_volume": 1666.6, "trend": 39.864659, "fair_value": 38.681622, "relative_strength": -5.754799, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.729426, "energy": 76.753552, "activity_lines": [ 41.760333, 41.288, 40.963952, 40.471039 ] }, { "date": "2026-05-22", "close": 42.02, "volume": 544, "typical_volume": 1667.8, "trend": 39.951757, "fair_value": 38.709914, "relative_strength": -5.269309, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.703489, "energy": 67.256849, "activity_lines": [ 41.842666, 41.492272, 41.106, 40.610093 ] }, { "date": "2026-05-29", "close": 41.775002, "volume": 1226, "typical_volume": 1688.0, "trend": 40.060252, "fair_value": 38.735671, "relative_strength": -6.58918, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.568761, "energy": 48.731718, "activity_lines": [ 41.831001, 41.634364, 41.206405, 40.727722 ] }, { "date": "2026-06-05", "close": 41.830002, "volume": 14, "typical_volume": 1629.0, "trend": 40.16928, "fair_value": 38.761457, "relative_strength": -5.997847, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.394981, "energy": 43.320174, "activity_lines": [ 41.832001, 41.744819, 41.299762, 40.841899 ] }, { "date": "2026-06-12", "close": 42.700001, "volume": 430, "typical_volume": 1507.55, "trend": 40.30942, "fair_value": 38.794007, "relative_strength": -6.751346, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.786253, "energy": 53.736154, "activity_lines": [ 42.115668, 41.959819, 41.467548, 41.005172 ] }, { "date": "2026-06-19", "close": 42.134998, "volume": 0, "typical_volume": 1460.4, "trend": 40.430401, "fair_value": 38.821392, "relative_strength": -10.013484, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.272207, "energy": 48.427117, "activity_lines": [ 42.169, 42.022546, 41.563738, 41.122951 ] }, { "date": "2026-06-26", "close": 43.564999, "volume": 59, "typical_volume": 1424.05, "trend": 40.575335, "fair_value": 38.859958, "relative_strength": -3.907133, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.890614, "energy": 76.975779, "activity_lines": [ 42.66, 42.319364, 41.780286, 41.325183 ] }, { "date": "2026-07-03", "close": 43.415001, "volume": 14, "typical_volume": 1399.8, "trend": 40.738333, "fair_value": 38.896692, "relative_strength": -6.809798, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.71842, "energy": 85.678454, "activity_lines": [ 42.998, 42.557455, 41.965333, 41.508387 ] }, { "date": "2026-07-10", "close": 43.134998, "volume": 1386, "typical_volume": 1033.6, "trend": 40.909833, "fair_value": 38.930598, "relative_strength": -6.830231, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.893164, "energy": 79.469346, "activity_lines": [ 43.133333, 42.713273, 42.113262, 41.663011 ] }, { "date": "2026-07-17", "close": 44.029999, "volume": 634, "typical_volume": 863.1, "trend": 41.1065, "fair_value": 38.97107, "relative_strength": -3.399006, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.377172, "energy": 90.241421, "activity_lines": [ 43.479999, 43.006091, 42.339238, 41.864312 ] }, { "date": "2026-07-24", "close": 44.919998, "volume": 1005, "typical_volume": 795.1, "trend": 41.3365, "fair_value": 39.017912, "relative_strength": -1.188402, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.001063, "energy": 94.038779, "activity_lines": [ 44.034665, 43.42509, 42.640333, 42.110344 ] }, { "date": "2026-07-31", "close": 43.785, "volume": 903, "typical_volume": 815.15, "trend": 41.5235, "fair_value": 39.055155, "relative_strength": -4.180709, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.724187, "energy": 70.528669, "activity_lines": [ 44.025332, 43.576454, 42.817523, 42.268312 ] }, { "date": "2026-08-07", "close": 43.375, "volume": 1790, "typical_volume": 850.6, "trend": 41.662833, "fair_value": 39.088642, "relative_strength": -7.617153, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.491219, "energy": 59.595626, "activity_lines": [ 43.864666, 43.621181, 42.942643, 42.387763 ] } ], "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." } } }