{ "ticker": { "uuid": "0e39c475-c9dc-473c-8954-5d6b30ad6feb", "symbol": "QCLN", "name": "FIRST TRUST NASDAQ CLEAN EDGE GREEN ENERGY INDEX FUND", "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": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 65.526, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -22.393, "architecture_energy": 40.205, "architecture_maturity": 3.18, "architecture_confidence": 67.764, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 40.32, "rotation_up": 14.43, "upward_expansion": 20.62, "deceleration": 55.33, "rotation_down": 65.0, "downward_expansion": 47.95 }, "activity_lines": [ 51.273333, 53.740727, 56.407387, 55.270713 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 52.82, "trend_reference": 53.611093, "distance_from_trend": -0.014756, "trend_direction": "Improving", "fair_value": 39.580797, "distance_from_fair_value": 0.334485, "fair_value_direction": "Weakening", "relative_strength": -5.415704, "relative_strength_direction": "Weakening", "price_momentum": 0.063446, "excess_performance": -0.124008, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.014756, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.070141, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.334485, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.202215, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.054157, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.216958, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.063446, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.087475, "read": "Demand-led" } ], "volume": { "latest": 1291169, "relative_activity": 1.241418, "balance": 1.087475, "dry_up": 1.170766, "accumulation_observations": 4, "distribution_observations": 4 }, "risk": { "range_context": 0.10977, "annualized_volatility": 0.34951, "from_high_reference": -0.236705, "from_low_reference": 0.505121 }, "levels": { "trend_reference": 53.611093, "fair_value_reference": 39.580797, "structural_low": 43.32, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 2, "median_return": 0.036274, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.033683, "regime_survival": 0.0, "best_return": 0.085007, "worst_return": -0.012458, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.038462, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.016085, "regime_survival": 0.0, "best_return": -0.038085, "worst_return": -0.038839, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.065479, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.073221, "regime_survival": 0.0, "best_return": -0.029343, "worst_return": -0.101615, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.087367, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": 0.102952, "regime_survival": 0.0, "best_return": -0.087367, "worst_return": -0.087367, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-05", "end": "2024-01-19", "tenure": "New", "return": -0.098992, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-01-26", "end": "2024-05-31", "tenure": "Established", "return": 0.084386, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-06-07", "end": "2024-06-21", "tenure": "New", "return": -0.0625, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-28", "end": "2025-02-28", "tenure": "Extended", "return": -0.103789, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-07", "end": "2025-05-30", "tenure": "Established", "return": 0.005992, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-06-27", "tenure": "New", "return": 0.042401, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-07-25", "tenure": "New", "return": 0.069497, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-11-28", "tenure": "Established", "return": 0.299456, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-05", "end": "2025-12-12", "tenure": "New", "return": -0.021264, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-03-06", "tenure": "Developing", "return": -0.026397, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-04-24", "tenure": "Developing", "return": 0.22577, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-06-26", "tenure": "Developing", "return": -0.030242, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-03", "end": "2026-07-31", "tenure": "Developing", "return": -0.13137, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 44.415805, "volume": 732676, "typical_volume": 788425.1, "trend": 49.674576, "fair_value": 58.18684, "relative_strength": -26.925661, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -47.784651, "energy": 35.324058, "activity_lines": [ 48.011277, 49.674529, 49.231949, 49.102149 ] }, { "date": "2023-08-25", "close": 44.682064, "volume": 738588, "typical_volume": 797130.85, "trend": 49.334646, "fair_value": 58.205701, "relative_strength": -26.950958, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -58.590371, "energy": 48.47039, "activity_lines": [ 46.384144, 48.676916, 48.868548, 48.780052 ] }, { "date": "2023-09-01", "close": 47.02908, "volume": 494407, "typical_volume": 794713.05, "trend": 49.0268, "fair_value": 58.255273, "relative_strength": -25.185794, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -47.602444, "energy": 45.923847, "activity_lines": [ 46.109996, 48.209043, 48.740673, 48.631306 ] }, { "date": "2023-09-08", "close": 45.027213, "volume": 574160, "typical_volume": 794619.25, "trend": 48.730452, "fair_value": 58.297996, "relative_strength": -26.609743, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.708307, "energy": 62.991907, "activity_lines": [ 45.567619, 47.384808, 48.428304, 48.373268 ] }, { "date": "2023-09-15", "close": 45.431531, "volume": 604089, "typical_volume": 786965.85, "trend": 48.42467, "fair_value": 58.329682, "relative_strength": -24.705308, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.149028, "energy": 56.340921, "activity_lines": [ 45.475579, 46.7327, 48.163487, 48.160434 ] }, { "date": "2023-09-22", "close": 42.153696, "volume": 663702, "typical_volume": 789619.85, "trend": 48.129422, "fair_value": 58.345871, "relative_strength": -26.924116, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.825386, "energy": 65.256388, "activity_lines": [ 44.421098, 45.601883, 47.580603, 47.755855 ] }, { "date": "2023-09-29", "close": 42.064889, "volume": 701529, "typical_volume": 789415.45, "trend": 47.747749, "fair_value": 58.332161, "relative_strength": -26.334292, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.994132, "energy": 73.681613, "activity_lines": [ 43.487822, 44.665664, 47.000383, 47.364595 ] }, { "date": "2023-10-06", "close": 39.272404, "volume": 951447, "typical_volume": 816657.95, "trend": 47.412428, "fair_value": 58.270273, "relative_strength": -31.648177, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.160563, "energy": 84.409548, "activity_lines": [ 41.798196, 43.424937, 46.172589, 46.817799 ] }, { "date": "2023-10-13", "close": 39.292139, "volume": 1033363, "typical_volume": 829139.3, "trend": 47.156646, "fair_value": 58.20663, "relative_strength": -31.029667, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.068559, "energy": 87.148171, "activity_lines": [ 40.63226, 42.437663, 45.379428, 46.293909 ] }, { "date": "2023-10-20", "close": 35.710259, "volume": 795929, "typical_volume": 846991.4, "trend": 46.731972, "fair_value": 58.127486, "relative_strength": -34.702523, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.670806, "energy": 93.877799, "activity_lines": [ 38.654702, 40.989475, 44.283737, 45.555432 ] }, { "date": "2023-10-27", "close": 34.141336, "volume": 887524, "typical_volume": 855532.45, "trend": 46.15867, "fair_value": 58.049319, "relative_strength": -35.087237, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.542172, "energy": 94.221556, "activity_lines": [ 36.802255, 39.468281, 43.099527, 44.743133 ] }, { "date": "2023-11-03", "close": 35.483308, "volume": 2261368, "typical_volume": 934745.15, "trend": 45.768043, "fair_value": 57.938128, "relative_strength": -35.763737, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.809266, "energy": 88.56171, "activity_lines": [ 35.93129, 38.377889, 42.114633, 44.0544 ] }, { "date": "2023-11-10", "close": 32.542811, "volume": 1510954, "typical_volume": 989365.05, "trend": 45.242047, "fair_value": 57.801129, "relative_strength": -41.852714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.736897, "energy": 92.26062, "activity_lines": [ 34.51893, 36.920112, 40.920473, 43.20116 ] }, { "date": "2023-11-17", "close": 35.55238, "volume": 1308997, "typical_volume": 1015529.25, "trend": 44.862897, "fair_value": 57.657657, "relative_strength": -36.845222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.423963, "energy": 76.159256, "activity_lines": [ 34.5584, 36.272916, 40.083916, 42.57602 ] }, { "date": "2023-11-24", "close": 35.51291, "volume": 683808, "typical_volume": 1027548.35, "trend": 44.57352, "fair_value": 57.477573, "relative_strength": -36.568042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.008855, "energy": 63.574231, "activity_lines": [ 34.83403, 35.790813, 39.314545, 41.972795 ] }, { "date": "2023-12-01", "close": 37.516, "volume": 1352075, "typical_volume": 1029779.15, "trend": 44.341083, "fair_value": 57.333586, "relative_strength": -32.13664, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.528588, "energy": 55.13885, "activity_lines": [ 35.790514, 35.853247, 38.813888, 41.517471 ] }, { "date": "2023-12-08", "close": 37.308784, "volume": 1203670, "typical_volume": 1054771.25, "trend": 44.053901, "fair_value": 57.186641, "relative_strength": -32.005741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.76885, "energy": 40.620282, "activity_lines": [ 36.452948, 35.962327, 38.370775, 41.063774 ] }, { "date": "2023-12-15", "close": 41.788601, "volume": 1843664, "typical_volume": 1098017.2, "trend": 43.90851, "fair_value": 57.034561, "relative_strength": -25.452356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.255071, "energy": 23.307998, "activity_lines": [ 38.486956, 36.972394, 38.430183, 40.917626 ] }, { "date": "2023-12-22", "close": 42.017525, "volume": 1554264, "typical_volume": 1130519.15, "trend": 43.729137, "fair_value": 56.861814, "relative_strength": -24.9563, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.659509, "energy": 24.148928, "activity_lines": [ 39.980886, 37.978334, 38.564852, 40.795627 ] }, { "date": "2023-12-29", "close": 41.691272, "volume": 1106591, "typical_volume": 1050140.25, "trend": 43.502192, "fair_value": 56.688356, "relative_strength": -25.013465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.063292, "energy": 21.051005, "activity_lines": [ 40.935055, 38.875404, 38.705322, 40.664152 ] }, { "date": "2024-01-05", "close": 38.250778, "volume": 1213065, "typical_volume": 1074159.7, "trend": 43.138611, "fair_value": 56.409194, "relative_strength": -28.224377, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.590211, "energy": 22.074073, "activity_lines": [ 40.330503, 39.038183, 38.545234, 40.325351 ] }, { "date": "2024-01-12", "close": 36.342688, "volume": 1021985, "typical_volume": 1088329.55, "trend": 42.671781, "fair_value": 56.135498, "relative_strength": -33.043434, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.899919, "energy": 17.921195, "activity_lines": [ 39.040935, 38.779319, 38.232781, 39.886904 ] }, { "date": "2024-01-19", "close": 34.464257, "volume": 798883, "typical_volume": 1103553.35, "trend": 42.238994, "fair_value": 55.812297, "relative_strength": -37.374465, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.015146, "energy": 38.12139, "activity_lines": [ 37.189629, 38.163298, 37.78114, 39.357386 ] }, { "date": "2024-01-26", "close": 34.444484, "volume": 1257089, "typical_volume": 1137699.8, "trend": 41.705444, "fair_value": 55.531892, "relative_strength": -36.820133, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.906413, "energy": 61.506792, "activity_lines": [ 35.820023, 37.508746, 37.387449, 38.854515 ] }, { "date": "2024-02-02", "close": 34.385165, "volume": 824660, "typical_volume": 1148728.35, "trend": 41.122253, "fair_value": 55.22155, "relative_strength": -36.700946, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.896881, "energy": 73.105193, "activity_lines": [ 34.935512, 36.863552, 37.038503, 38.382239 ] }, { "date": "2024-02-09", "close": 36.263596, "volume": 808260, "typical_volume": 1155956.25, "trend": 40.53955, "fair_value": 54.907938, "relative_strength": -33.479205, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.074355, "energy": 66.692562, "activity_lines": [ 35.16422, 36.580396, 36.921057, 38.068777 ] }, { "date": "2024-02-16", "close": 36.629396, "volume": 1083808, "typical_volume": 1175070.2, "trend": 39.985804, "fair_value": 54.635703, "relative_strength": -30.756147, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.777679, "energy": 47.188272, "activity_lines": [ 35.647339, 36.38652, 36.866496, 37.816509 ] }, { "date": "2024-02-23", "close": 33.129583, "volume": 1237303, "typical_volume": 1189363.0, "trend": 39.322958, "fair_value": 54.389289, "relative_strength": -37.279439, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.757109, "energy": 46.085982, "activity_lines": [ 34.94474, 35.568667, 36.504504, 37.374172 ] }, { "date": "2024-03-01", "close": 35.433132, "volume": 813456, "typical_volume": 1178367.65, "trend": 38.845373, "fair_value": 54.210919, "relative_strength": -33.182018, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.088035, "energy": 34.080247, "activity_lines": [ 35.098969, 35.327077, 36.391148, 37.123216 ] }, { "date": "2024-03-08", "close": 34.810284, "volume": 1029838, "typical_volume": 1190063.1, "trend": 38.426246, "fair_value": 53.978354, "relative_strength": -32.356204, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.513174, "energy": 34.422708, "activity_lines": [ 34.979672, 35.091959, 36.23685, 36.862887 ] }, { "date": "2024-03-15", "close": 32.2398, "volume": 1562593, "typical_volume": 1223816.55, "trend": 38.020379, "fair_value": 53.759245, "relative_strength": -35.765846, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.751035, "energy": 54.20113, "activity_lines": [ 33.975206, 34.514588, 35.84203, 36.463762 ] }, { "date": "2024-03-22", "close": 32.971399, "volume": 730506, "typical_volume": 1147273.45, "trend": 37.630023, "fair_value": 53.557313, "relative_strength": -35.334112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.376255, "energy": 50.888391, "activity_lines": [ 33.48286, 34.179527, 35.52594, 36.138021 ] }, { "date": "2024-03-29", "close": 34.286301, "volume": 540000, "typical_volume": 1098725.75, "trend": 37.205264, "fair_value": 53.342976, "relative_strength": -31.428618, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.224243, "energy": 45.212109, "activity_lines": [ 33.67268, 34.144834, 35.347041, 35.922297 ] }, { "date": "2024-04-05", "close": 32.813216, "volume": 854611, "typical_volume": 1076006.45, "trend": 36.798131, "fair_value": 53.135575, "relative_strength": -32.990164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.080236, "energy": 55.125751, "activity_lines": [ 33.294358, 33.845544, 35.019546, 35.638939 ] }, { "date": "2024-04-12", "close": 32.328778, "volume": 986172, "typical_volume": 1091124.65, "trend": 36.361372, "fair_value": 52.93241, "relative_strength": -32.729547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.883376, "energy": 44.63343, "activity_lines": [ 32.929217, 33.487833, 34.658957, 35.350594 ] }, { "date": "2024-04-19", "close": 30.13398, "volume": 942712, "typical_volume": 1070656.5, "trend": 35.960715, "fair_value": 52.697417, "relative_strength": -32.823072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.827622, "energy": 60.155425, "activity_lines": [ 31.997911, 32.768457, 34.104503, 34.948827 ] }, { "date": "2024-04-26", "close": 31.656498, "volume": 731879, "typical_volume": 1047066.95, "trend": 35.613769, "fair_value": 52.493395, "relative_strength": -31.3189, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.680886, "energy": 62.299177, "activity_lines": [ 31.714498, 32.43735, 33.730203, 34.671135 ] }, { "date": "2024-05-03", "close": 33.999593, "volume": 953542, "typical_volume": 1002560.85, "trend": 35.438008, "fair_value": 52.334513, "relative_strength": -26.189518, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.201766, "energy": 41.028988, "activity_lines": [ 32.299778, 32.622676, 33.60597, 34.566995 ] }, { "date": "2024-05-10", "close": 33.594247, "volume": 754812, "typical_volume": 962588.25, "trend": 35.248079, "fair_value": 52.192549, "relative_strength": -27.279296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.976167, "energy": 31.478504, "activity_lines": [ 32.769056, 32.718485, 33.480223, 34.448042 ] }, { "date": "2024-05-17", "close": 34.810284, "volume": 868626, "typical_volume": 950690.0, "trend": 35.21808, "fair_value": 52.038989, "relative_strength": -25.427771, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.161016, "energy": 17.872801, "activity_lines": [ 33.591611, 33.068826, 33.510401, 34.419798 ] }, { "date": "2024-05-24", "close": 37.351108, "volume": 910976, "typical_volume": 935585.55, "trend": 35.325072, "fair_value": 51.88628, "relative_strength": -20.244032, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 11.177415, "energy": 23.043174, "activity_lines": [ 35.095673, 33.881135, 33.815328, 34.557412 ] }, { "date": "2024-05-31", "close": 37.351108, "volume": 1021703, "typical_volume": 935571.45, "trend": 35.387332, "fair_value": 51.732943, "relative_strength": -18.119177, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 31.053424, "energy": 36.629146, "activity_lines": [ 36.118594, 34.600511, 34.124539, 34.688124 ] }, { "date": "2024-06-07", "close": 36.382234, "volume": 710720, "typical_volume": 931163.3, "trend": 35.515313, "fair_value": 51.55959, "relative_strength": -21.44289, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.81623, "energy": 44.671102, "activity_lines": [ 36.438916, 35.064097, 34.336675, 34.752312 ] }, { "date": "2024-06-14", "close": 35.769272, "volume": 744510, "typical_volume": 905534.35, "trend": 35.522542, "fair_value": 51.386198, "relative_strength": -24.465943, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.70719, "energy": 45.415021, "activity_lines": [ 36.396075, 35.378127, 34.4813, 34.768696 ] }, { "date": "2024-06-21", "close": 34.108344, "volume": 860801, "typical_volume": 907341.4, "trend": 35.475724, "fair_value": 51.187306, "relative_strength": -27.265008, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 10.334802, "energy": 17.993723, "activity_lines": [ 35.654589, 35.336424, 34.461432, 34.677457 ] }, { "date": "2024-06-28", "close": 33.793945, "volume": 509469, "typical_volume": 892401.85, "trend": 35.351655, "fair_value": 50.974287, "relative_strength": -26.928197, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.404984, "energy": 15.774053, "activity_lines": [ 34.8551, 35.205202, 34.412941, 34.568956 ] }, { "date": "2024-07-05", "close": 35.344035, "volume": 868112, "typical_volume": 881617.05, "trend": 35.286163, "fair_value": 50.78545, "relative_strength": -25.137794, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.540012, "energy": 10.551272, "activity_lines": [ 34.809451, 35.28927, 34.523837, 34.568464 ] }, { "date": "2024-07-12", "close": 38.722436, "volume": 744520, "typical_volume": 856977.9, "trend": 35.183958, "fair_value": 50.645256, "relative_strength": -16.673649, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 40.784002, "energy": 21.524742, "activity_lines": [ 36.023741, 35.920546, 34.962606, 34.790159 ] }, { "date": "2024-07-19", "close": 36.109144, "volume": 745082, "typical_volume": 853559.2, "trend": 34.987012, "fair_value": 50.47375, "relative_strength": -17.974859, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.174404, "energy": 21.151387, "activity_lines": [ 36.21092, 35.990808, 35.125858, 34.849848 ] }, { "date": "2024-07-26", "close": 36.089271, "volume": 449131, "typical_volume": 824523.85, "trend": 34.800279, "fair_value": 50.286113, "relative_strength": -14.763461, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.349627, "energy": 45.15918, "activity_lines": [ 36.368817, 36.011732, 35.283998, 34.920962 ] }, { "date": "2024-08-02", "close": 33.068583, "volume": 823647, "typical_volume": 787576.55, "trend": 34.627539, "fair_value": 50.077355, "relative_strength": -18.376186, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.6411, "energy": 13.504744, "activity_lines": [ 35.387756, 35.460185, 35.148363, 34.80924 ] }, { "date": "2024-08-09", "close": 32.402839, "volume": 878178, "typical_volume": 794960.15, "trend": 34.49621, "fair_value": 49.870669, "relative_strength": -19.311646, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.775372, "energy": 19.63812, "activity_lines": [ 34.233138, 34.865458, 34.945378, 34.665711 ] }, { "date": "2024-08-16", "close": 33.793945, "volume": 597713, "typical_volume": 797845.8, "trend": 34.473867, "fair_value": 49.691602, "relative_strength": -19.273382, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.513965, "energy": 20.688133, "activity_lines": [ 33.738301, 34.613628, 34.877586, 34.620403 ] }, { "date": "2024-08-23", "close": 35.61232, "volume": 464431, "typical_volume": 778336.8, "trend": 34.512795, "fair_value": 49.502476, "relative_strength": -14.893025, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.555488, "energy": 16.301743, "activity_lines": [ 34.178156, 34.739471, 34.985317, 34.693852 ] }, { "date": "2024-08-30", "close": 35.045941, "volume": 375889, "typical_volume": 747822.65, "trend": 34.53482, "fair_value": 49.304888, "relative_strength": -14.614449, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.593048, "energy": 9.522596, "activity_lines": [ 34.462339, 34.76519, 35.025778, 34.728248 ] }, { "date": "2024-09-06", "close": 32.263729, "volume": 455497, "typical_volume": 723461.9, "trend": 34.401491, "fair_value": 49.102142, "relative_strength": -15.623919, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.33406, "energy": 17.926649, "activity_lines": [ 33.888673, 34.268006, 34.788328, 34.581726 ] }, { "date": "2024-09-13", "close": 34.588863, "volume": 501651, "typical_volume": 711950.5, "trend": 34.333474, "fair_value": 48.910661, "relative_strength": -13.628522, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.806101, "energy": 3.9817, "activity_lines": [ 34.143709, 34.221394, 34.762177, 34.593815 ] }, { "date": "2024-09-20", "close": 34.658419, "volume": 504002, "typical_volume": 689473.5, "trend": 34.384435, "fair_value": 48.729855, "relative_strength": -13.812157, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.037187, "energy": 6.406305, "activity_lines": [ 34.276196, 34.20116, 34.728687, 34.614779 ] }, { "date": "2024-09-27", "close": 36.237952, "volume": 281332, "typical_volume": 665799.5, "trend": 34.411262, "fair_value": 48.567647, "relative_strength": -9.898601, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.598554, "energy": 15.796874, "activity_lines": [ 34.877562, 34.542005, 34.842492, 34.734361 ] }, { "date": "2024-10-04", "close": 34.923467, "volume": 504039, "typical_volume": 647570.15, "trend": 34.415035, "fair_value": 48.397453, "relative_strength": -12.520102, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.983866, "energy": 17.219848, "activity_lines": [ 34.999057, 34.641511, 34.818519, 34.767406 ] }, { "date": "2024-10-11", "close": 34.455431, "volume": 413715, "typical_volume": 622707.1, "trend": 34.488889, "fair_value": 48.196832, "relative_strength": -13.972312, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.10364, "energy": 11.743615, "activity_lines": [ 34.972705, 34.677115, 34.749431, 34.770012 ] }, { "date": "2024-10-18", "close": 33.658774, "volume": 372197, "typical_volume": 590231.8, "trend": 34.511802, "fair_value": 47.978741, "relative_strength": -15.482846, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.808612, "energy": 3.412049, "activity_lines": [ 34.534688, 34.542658, 34.618261, 34.716457 ] }, { "date": "2024-10-25", "close": 33.758356, "volume": 504567, "typical_volume": 579924.15, "trend": 34.494204, "fair_value": 47.709324, "relative_strength": -14.739148, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.808302, "energy": 16.841606, "activity_lines": [ 34.19187, 34.403471, 34.514157, 34.667847 ] }, { "date": "2024-11-01", "close": 33.389902, "volume": 464034, "typical_volume": 565900.35, "trend": 34.513427, "fair_value": 47.418278, "relative_strength": -13.709779, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.089289, "energy": 31.143628, "activity_lines": [ 33.786239, 34.197939, 34.387457, 34.596602 ] }, { "date": "2024-11-08", "close": 33.947562, "volume": 1066379, "typical_volume": 576179.25, "trend": 34.567386, "fair_value": 47.124594, "relative_strength": -16.409911, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.015429, "energy": 40.862994, "activity_lines": [ 33.756364, 34.134208, 34.325197, 34.560094 ] }, { "date": "2024-11-15", "close": 32.573328, "volume": 895584, "typical_volume": 595485.0, "trend": 34.648698, "fair_value": 46.826054, "relative_strength": -16.403677, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -62.56392, "energy": 52.198488, "activity_lines": [ 33.333472, 33.840587, 34.132824, 34.431446 ] }, { "date": "2024-11-22", "close": 34.355849, "volume": 654906, "typical_volume": 584824.7, "trend": 34.738676, "fair_value": 46.563982, "relative_strength": -12.926841, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.12638, "energy": 34.888733, "activity_lines": [ 33.630227, 33.865431, 34.116028, 34.412552 ] }, { "date": "2024-11-29", "close": 35.421378, "volume": 440981, "typical_volume": 569647.75, "trend": 34.786069, "fair_value": 46.350098, "relative_strength": -10.316653, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -19.645503, "energy": 8.641216, "activity_lines": [ 34.235686, 34.088244, 34.205415, 34.456597 ] }, { "date": "2024-12-06", "close": 35.331754, "volume": 639061, "typical_volume": 564346.7, "trend": 34.843986, "fair_value": 46.130117, "relative_strength": -12.767076, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -15.790391, "energy": 11.739444, "activity_lines": [ 34.700403, 34.280891, 34.301987, 34.491803 ] }, { "date": "2024-12-13", "close": 35.978939, "volume": 578116, "typical_volume": 570795.95, "trend": 34.882941, "fair_value": 45.946982, "relative_strength": -11.047185, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 23.158393, "energy": 25.014054, "activity_lines": [ 35.251391, 34.607683, 34.463897, 34.565026 ] }, { "date": "2024-12-20", "close": 34.573278, "volume": 821369, "typical_volume": 570682.05, "trend": 34.790347, "fair_value": 45.745924, "relative_strength": -11.748646, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.189039, "energy": 19.140918, "activity_lines": [ 35.198401, 34.659711, 34.49246, 34.545047 ] }, { "date": "2024-12-27", "close": 35.021893, "volume": 389506, "typical_volume": 546248.45, "trend": 34.712706, "fair_value": 45.543851, "relative_strength": -10.607976, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 12.402346, "energy": 22.604611, "activity_lines": [ 35.161619, 34.791162, 34.556583, 34.559986 ] }, { "date": "2025-01-03", "close": 36.098569, "volume": 590139, "typical_volume": 545869.75, "trend": 34.703251, "fair_value": 45.376168, "relative_strength": -6.496169, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 33.03086, "energy": 32.958004, "activity_lines": [ 35.439326, 35.093588, 34.710775, 34.649396 ] }, { "date": "2025-01-10", "close": 34.234324, "volume": 409138, "typical_volume": 543105.1, "trend": 34.652086, "fair_value": 45.196849, "relative_strength": -8.821018, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 11.288406, "energy": 7.814764, "activity_lines": [ 35.050471, 35.014511, 34.676445, 34.619143 ] }, { "date": "2025-01-17", "close": 35.121585, "volume": 520537, "typical_volume": 550337.5, "trend": 34.68586, "fair_value": 45.069345, "relative_strength": -8.710913, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 7.464186, "energy": 6.764709, "activity_lines": [ 35.030533, 35.081402, 34.733179, 34.649433 ] }, { "date": "2025-01-24", "close": 34.194447, "volume": 399261, "typical_volume": 547525.7, "trend": 34.69921, "fair_value": 44.959746, "relative_strength": -12.050476, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -3.347182, "energy": 2.797593, "activity_lines": [ 34.758705, 34.958376, 34.701253, 34.617729 ] }, { "date": "2025-01-31", "close": 33.426817, "volume": 408543, "typical_volume": 542870.3, "trend": 34.635303, "fair_value": 44.824203, "relative_strength": -12.435245, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -15.055013, "energy": 13.802804, "activity_lines": [ 34.256256, 34.666306, 34.587026, 34.535639 ] }, { "date": "2025-02-07", "close": 32.748909, "volume": 545276, "typical_volume": 544934.0, "trend": 34.436186, "fair_value": 44.680485, "relative_strength": -13.842054, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -57.577093, "energy": 39.845944, "activity_lines": [ 33.634177, 34.267872, 34.413769, 34.413937 ] }, { "date": "2025-02-14", "close": 33.197524, "volume": 428708, "typical_volume": 552302.8, "trend": 34.339132, "fair_value": 44.545041, "relative_strength": -14.593779, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -54.695076, "energy": 45.445747, "activity_lines": [ 33.384946, 33.999594, 34.292331, 34.334023 ] }, { "date": "2025-02-21", "close": 32.928355, "volume": 400299, "typical_volume": 547115.8, "trend": 34.233768, "fair_value": 44.398708, "relative_strength": -13.025234, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -29.494932, "energy": 42.371428, "activity_lines": [ 33.115112, 33.721181, 34.159736, 34.243005 ] }, { "date": "2025-02-28", "close": 30.28651, "volume": 424319, "typical_volume": 547646.0, "trend": 34.141032, "fair_value": 44.240963, "relative_strength": -16.730144, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -79.063719, "energy": 69.299792, "activity_lines": [ 32.110878, 33.017897, 33.785037, 33.988343 ] }, { "date": "2025-03-07", "close": 29.957526, "volume": 472970, "typical_volume": 552684.65, "trend": 34.059522, "fair_value": 44.073892, "relative_strength": -14.458174, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.484739, "energy": 72.1347, "activity_lines": [ 31.257513, 32.332739, 33.398858, 33.71844 ] }, { "date": "2025-03-14", "close": 29.199865, "volume": 604546, "typical_volume": 557683.6, "trend": 33.906386, "fair_value": 43.871401, "relative_strength": -14.191843, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.779423, "energy": 78.234097, "activity_lines": [ 30.38288, 31.601904, 32.958146, 33.404913 ] }, { "date": "2025-03-21", "close": 29.718264, "volume": 413705, "typical_volume": 555167.15, "trend": 33.709917, "fair_value": 43.661814, "relative_strength": -12.588963, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.300125, "energy": 79.079645, "activity_lines": [ 29.917649, 31.090755, 32.588513, 33.134712 ] }, { "date": "2025-03-28", "close": 28.740399, "volume": 293001, "typical_volume": 516498.25, "trend": 33.499732, "fair_value": 43.438742, "relative_strength": -13.05899, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.89798, "energy": 79.8433, "activity_lines": [ 29.358414, 30.483922, 32.143233, 32.814098 ] }, { "date": "2025-04-04", "close": 25.877333, "volume": 486691, "typical_volume": 496053.6, "trend": 33.286852, "fair_value": 43.227253, "relative_strength": -12.824106, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.628469, "energy": 87.114872, "activity_lines": [ 28.124021, 29.472553, 31.450077, 32.32233 ] }, { "date": "2025-04-11", "close": 26.206535, "volume": 730796, "typical_volume": 499848.1, "trend": 33.007441, "fair_value": 43.024841, "relative_strength": -17.506256, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.132282, "energy": 85.475159, "activity_lines": [ 27.293306, 28.672259, 30.820159, 31.865536 ] }, { "date": "2025-04-18", "close": 26.066874, "volume": 325311, "typical_volume": 494064.6, "trend": 32.721057, "fair_value": 42.852724, "relative_strength": -15.708485, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.868584, "energy": 84.930707, "activity_lines": [ 26.666105, 27.977851, 30.215746, 31.417757 ] }, { "date": "2025-04-25", "close": 28.04209, "volume": 330647, "typical_volume": 478643.9, "trend": 32.447861, "fair_value": 42.704754, "relative_strength": -14.438527, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.967727, "energy": 67.835103, "activity_lines": [ 26.906174, 27.764064, 29.843994, 31.115888 ] }, { "date": "2025-05-02", "close": 28.411196, "volume": 269823, "typical_volume": 463229.25, "trend": 32.230786, "fair_value": 42.552686, "relative_strength": -15.720218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.886094, "energy": 51.506378, "activity_lines": [ 27.381024, 27.711122, 29.542107, 30.855458 ] }, { "date": "2025-05-09", "close": 29.398805, "volume": 359821, "typical_volume": 440151.85, "trend": 32.062231, "fair_value": 42.427095, "relative_strength": -12.240158, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.90594, "energy": 34.327877, "activity_lines": [ 28.207024, 27.919876, 29.370316, 30.67275 ] }, { "date": "2025-05-16", "close": 32.650929, "volume": 413963, "typical_volume": 441374.7, "trend": 32.028636, "fair_value": 42.312748, "relative_strength": -8.417929, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.138879, "energy": 19.68326, "activity_lines": [ 29.8823, 28.736065, 29.532891, 30.71073 ] }, { "date": "2025-05-23", "close": 30.356485, "volume": 544925, "typical_volume": 439114.0, "trend": 31.915241, "fair_value": 42.152062, "relative_strength": -12.247926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.008971, "energy": 24.765461, "activity_lines": [ 30.363136, 29.086112, 29.488238, 30.60285 ] }, { "date": "2025-05-30", "close": 30.137017, "volume": 418435, "typical_volume": 439578.85, "trend": 31.806811, "fair_value": 41.991288, "relative_strength": -13.921742, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.928053, "energy": 23.71401, "activity_lines": [ 30.484841, 29.375225, 29.450026, 30.488125 ] }, { "date": "2025-06-06", "close": 31.224384, "volume": 343929, "typical_volume": 430748.45, "trend": 31.716039, "fair_value": 41.848718, "relative_strength": -12.130644, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.149335, "energy": 18.946136, "activity_lines": [ 30.82934, 29.854429, 29.534885, 30.450549 ] }, { "date": "2025-06-13", "close": 32.291799, "volume": 280793, "typical_volume": 424825.05, "trend": 31.706654, "fair_value": 41.732571, "relative_strength": -8.252748, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.061302, "energy": 17.986167, "activity_lines": [ 31.342099, 30.482544, 29.739959, 30.487695 ] }, { "date": "2025-06-20", "close": 31.573538, "volume": 522296, "typical_volume": 430512.7, "trend": 31.613911, "fair_value": 41.586645, "relative_strength": -9.972388, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.064987, "energy": 16.728964, "activity_lines": [ 31.42257, 30.86344, 29.885689, 30.479107 ] }, { "date": "2025-06-27", "close": 32.54834, "volume": 428166, "typical_volume": 424657.2, "trend": 31.518143, "fair_value": 41.469377, "relative_strength": -10.594059, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.000148, "energy": 38.156457, "activity_lines": [ 31.899802, 31.32399, 30.133081, 30.539393 ] }, { "date": "2025-07-04", "close": 34.55454, "volume": 264388, "typical_volume": 416441.2, "trend": 31.492236, "fair_value": 41.34369, "relative_strength": -6.212448, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.198908, "energy": 54.860351, "activity_lines": [ 32.899644, 32.03146, 30.572496, 30.73529 ] }, { "date": "2025-07-11", "close": 34.594464, "volume": 284691, "typical_volume": 410660.8, "trend": 31.446086, "fair_value": 41.238345, "relative_strength": -5.314595, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.237756, "energy": 62.606119, "activity_lines": [ 33.618292, 32.62778, 31.009251, 30.935433 ] }, { "date": "2025-07-18", "close": 36.401042, "volume": 379964, "typical_volume": 408443.05, "trend": 31.507012, "fair_value": 41.129391, "relative_strength": -1.290668, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 56.702651, "energy": 74.189997, "activity_lines": [ 34.71446, 33.440146, 31.610126, 31.255108 ] }, { "date": "2025-07-25", "close": 36.955991, "volume": 318252, "typical_volume": 400707.15, "trend": 31.571482, "fair_value": 40.975032, "relative_strength": -0.306678, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 82.155625, "energy": 89.367426, "activity_lines": [ 35.721662, 34.226098, 32.234738, 31.606655 ] }, { "date": "2025-08-01", "close": 34.913859, "volume": 250174, "typical_volume": 382988.55, "trend": 31.531992, "fair_value": 40.797852, "relative_strength": -3.377547, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.078131, "energy": 79.63941, "activity_lines": [ 35.689324, 34.562479, 32.631534, 31.822292 ] }, { "date": "2025-08-08", "close": 35.123462, "volume": 416841, "typical_volume": 383145.35, "trend": 31.561629, "fair_value": 40.595024, "relative_strength": -5.983765, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.134381, "energy": 73.877411, "activity_lines": [ 35.569151, 34.854109, 33.021084, 32.054 ] }, { "date": "2025-08-15", "close": 36.910078, "volume": 239423, "typical_volume": 380466.45, "trend": 31.621246, "fair_value": 40.424176, "relative_strength": -1.457228, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.71432, "energy": 72.380348, "activity_lines": [ 36.006589, 35.379916, 33.555048, 32.399061 ] }, { "date": "2025-08-22", "close": 37.978054, "volume": 264782, "typical_volume": 369371.0, "trend": 31.747366, "fair_value": 40.255779, "relative_strength": 2.595615, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.33374, "energy": 64.741674, "activity_lines": [ 36.645645, 35.996524, 34.151821, 32.809178 ] }, { "date": "2025-08-29", "close": 37.838319, "volume": 277745, "typical_volume": 346718.45, "trend": 31.894416, "fair_value": 40.112662, "relative_strength": 2.733261, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.497467, "energy": 74.933325, "activity_lines": [ 37.132989, 36.484339, 34.677663, 33.202142 ] }, { "date": "2025-09-05", "close": 38.187657, "volume": 356925, "typical_volume": 348299.15, "trend": 32.075708, "fair_value": 39.937386, "relative_strength": 2.847312, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.75552, "energy": 80.785339, "activity_lines": [ 37.677956, 36.921764, 35.181387, 33.608158 ] }, { "date": "2025-09-12", "close": 38.387279, "volume": 289995, "typical_volume": 346266.55, "trend": 32.2487, "fair_value": 39.771048, "relative_strength": 1.751879, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.581773, "energy": 77.74601, "activity_lines": [ 38.071211, 37.292952, 35.646403, 34.015356 ] }, { "date": "2025-09-19", "close": 41.481418, "volume": 474969, "typical_volume": 356523.85, "trend": 32.533802, "fair_value": 39.667495, "relative_strength": 7.722982, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.04532, "energy": 86.490695, "activity_lines": [ 39.278258, 38.157024, 36.356837, 34.611015 ] }, { "date": "2025-09-26", "close": 41.932893, "volume": 777781, "typical_volume": 377421.85, "trend": 32.922015, "fair_value": 39.578335, "relative_strength": 9.533824, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.975155, "energy": 88.152248, "activity_lines": [ 40.33104, 38.977966, 37.04803, 35.217408 ] }, { "date": "2025-10-03", "close": 43.310945, "volume": 1672213, "typical_volume": 440334.35, "trend": 33.367128, "fair_value": 39.507559, "relative_strength": 11.789241, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.481691, "energy": 92.264802, "activity_lines": [ 41.579518, 39.948883, 37.810779, 35.887662 ] }, { "date": "2025-10-10", "close": 42.20259, "volume": 594456, "typical_volume": 442810.9, "trend": 33.800553, "fair_value": 39.462918, "relative_strength": 11.410259, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.590123, "energy": 85.616285, "activity_lines": [ 42.093702, 40.602736, 38.417209, 36.457692 ] }, { "date": "2025-10-17", "close": 45.483504, "volume": 472872, "typical_volume": 445532.75, "trend": 34.326061, "fair_value": 39.419641, "relative_strength": 16.961787, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.787608, "energy": 86.180715, "activity_lines": [ 43.433861, 41.720597, 39.279696, 37.21143 ] }, { "date": "2025-10-24", "close": 46.110001, "volume": 420651, "typical_volume": 449368.85, "trend": 34.905047, "fair_value": 39.36021, "relative_strength": 15.827719, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.544711, "energy": 75.961024, "activity_lines": [ 44.509772, 42.764002, 40.128772, 37.971685 ] }, { "date": "2025-10-31", "close": 46.467799, "volume": 662392, "typical_volume": 468448.8, "trend": 35.591396, "fair_value": 39.312247, "relative_strength": 14.334987, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.450124, "energy": 71.223133, "activity_lines": [ 45.396376, 43.70519, 40.941039, 38.717669 ] }, { "date": "2025-11-07", "close": 45.671493, "volume": 1068926, "typical_volume": 495780.3, "trend": 36.240228, "fair_value": 39.22638, "relative_strength": 15.644794, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.353624, "energy": 66.477657, "activity_lines": [ 45.715217, 44.347236, 41.609964, 39.367997 ] }, { "date": "2025-11-14", "close": 43.321333, "volume": 901481, "typical_volume": 519446.05, "trend": 36.815377, "fair_value": 39.140779, "relative_strength": 9.682983, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.694183, "energy": 57.602064, "activity_lines": [ 45.093303, 44.419558, 41.98793, 39.824843 ] }, { "date": "2025-11-21", "close": 41.563308, "volume": 441690, "typical_volume": 528311.15, "trend": 37.266084, "fair_value": 39.042087, "relative_strength": 8.513716, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.876402, "energy": 39.102711, "activity_lines": [ 43.810797, 44.078901, 42.147165, 40.131161 ] }, { "date": "2025-11-28", "close": 45.369033, "volume": 448778, "typical_volume": 536515.5, "trend": 37.831345, "fair_value": 38.963455, "relative_strength": 12.754449, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.137763, "energy": 34.886967, "activity_lines": [ 44.058212, 44.372447, 42.635476, 40.653932 ] }, { "date": "2025-12-05", "close": 46.307978, "volume": 410711, "typical_volume": 538052.85, "trend": 38.394984, "fair_value": 38.91629, "relative_strength": 13.72058, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.135018, "energy": 34.784665, "activity_lines": [ 44.668007, 44.766027, 43.161902, 41.200812 ] }, { "date": "2025-12-12", "close": 45.323284, "volume": 383215, "typical_volume": 541301.0, "trend": 38.817396, "fair_value": 38.879651, "relative_strength": 13.263509, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.451057, "energy": 36.469398, "activity_lines": [ 44.960225, 44.901024, 43.547372, 41.647799 ] }, { "date": "2025-12-19", "close": 46.248947, "volume": 414651, "typical_volume": 549524.85, "trend": 39.347145, "fair_value": 38.871217, "relative_strength": 14.665893, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.519811, "energy": 44.407591, "activity_lines": [ 45.584212, 45.167736, 43.981156, 42.127253 ] }, { "date": "2025-12-26", "close": 46.36313, "volume": 209349, "typical_volume": 539150.25, "trend": 39.888015, "fair_value": 38.871384, "relative_strength": 13.311512, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.428601, "energy": 44.489096, "activity_lines": [ 46.051085, 45.381638, 44.371838, 42.579898 ] }, { "date": "2026-01-02", "close": 46.473114, "volume": 553531, "typical_volume": 554855.65, "trend": 40.396306, "fair_value": 38.875906, "relative_strength": 15.377932, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.167729, "energy": 42.541924, "activity_lines": [ 46.234632, 45.599544, 44.719472, 43.004743 ] }, { "date": "2026-01-09", "close": 48.452821, "volume": 734157, "typical_volume": 578324.4, "trend": 40.935007, "fair_value": 38.860891, "relative_strength": 17.369828, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.242421, "energy": 52.936284, "activity_lines": [ 47.004475, 46.170795, 45.210112, 43.524518 ] }, { "date": "2026-01-16", "close": 49.562656, "volume": 551047, "typical_volume": 591989.5, "trend": 41.534644, "fair_value": 38.856768, "relative_strength": 20.672777, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.39764, "energy": 66.271429, "activity_lines": [ 48.001274, 46.907742, 45.756571, 44.08114 ] }, { "date": "2026-01-23", "close": 50.512516, "volume": 459454, "typical_volume": 597115.95, "trend": 42.13345, "fair_value": 38.828771, "relative_strength": 22.120587, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.7403, "energy": 73.873525, "activity_lines": [ 49.032068, 47.746643, 46.337662, 44.660358 ] }, { "date": "2026-01-30", "close": 49.252702, "volume": 545901, "typical_volume": 609911.25, "trend": 42.623389, "fair_value": 38.783824, "relative_strength": 18.726116, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.714576, "energy": 68.58214, "activity_lines": [ 49.358687, 48.225739, 46.740081, 45.119664 ] }, { "date": "2026-02-06", "close": 49.668741, "volume": 327339, "typical_volume": 602529.75, "trend": 43.125865, "fair_value": 38.756587, "relative_strength": 21.479964, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.345716, "energy": 62.835245, "activity_lines": [ 49.631346, 48.64067, 47.130383, 45.574203 ] }, { "date": "2026-02-13", "close": 50.532013, "volume": 309243, "typical_volume": 579102.85, "trend": 43.596897, "fair_value": 38.730479, "relative_strength": 24.395455, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.899451, "energy": 57.591445, "activity_lines": [ 49.978722, 49.134383, 47.563913, 46.052019 ] }, { "date": "2026-02-20", "close": 50.162567, "volume": 373458, "typical_volume": 514165.1, "trend": 44.037116, "fair_value": 38.725039, "relative_strength": 21.414217, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.049739, "energy": 49.807537, "activity_lines": [ 50.064335, 49.484124, 47.921311, 46.475611 ] }, { "date": "2026-02-27", "close": 48.402828, "volume": 349092, "typical_volume": 501896.9, "trend": 44.486749, "fair_value": 38.692268, "relative_strength": 16.792671, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.581998, "energy": 40.935463, "activity_lines": [ 49.523375, 49.425926, 48.078487, 46.75727 ] }, { "date": "2026-03-06", "close": 45.028128, "volume": 482514, "typical_volume": 502379.0, "trend": 44.816904, "fair_value": 38.664679, "relative_strength": 9.587749, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.151291, "energy": 15.056174, "activity_lines": [ 47.998161, 48.714984, 47.884738, 46.792197 ] }, { "date": "2026-03-13", "close": 46.476914, "volume": 417664, "typical_volume": 502229.65, "trend": 45.135799, "fair_value": 38.661546, "relative_strength": 13.716745, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.29534, "energy": 18.946041, "activity_lines": [ 47.237514, 48.29173, 47.831138, 46.899295 ] }, { "date": "2026-03-20", "close": 45.773118, "volume": 356584, "typical_volume": 486939.25, "trend": 45.395634, "fair_value": 38.644384, "relative_strength": 13.713303, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.839807, "energy": 20.510227, "activity_lines": [ 46.455057, 47.740445, 47.708762, 46.940412 ] }, { "date": "2026-03-27", "close": 45.5404, "volume": 333205, "typical_volume": 450153.2, "trend": 45.65237, "fair_value": 38.607204, "relative_strength": 16.281451, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.576308, "energy": 18.453138, "activity_lines": [ 45.912287, 47.195569, 47.56753, 46.949752 ] }, { "date": "2026-04-03", "close": 46.51, "volume": 493162, "typical_volume": 429737.25, "trend": 45.929782, "fair_value": 38.602768, "relative_strength": 13.644997, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.029189, "energy": 14.406899, "activity_lines": [ 46.000861, 46.900115, 47.519266, 47.005083 ] }, { "date": "2026-04-10", "close": 49.81, "volume": 384770, "typical_volume": 426891.25, "trend": 46.310539, "fair_value": 38.612302, "relative_strength": 15.76219, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.577251, "energy": 14.837447, "activity_lines": [ 47.315623, 47.277435, 47.770103, 47.25542 ] }, { "date": "2026-04-17", "close": 53.7302, "volume": 362565, "typical_volume": 422580.6, "trend": 46.718832, "fair_value": 38.655913, "relative_strength": 16.841712, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 65.837889, "energy": 41.228242, "activity_lines": [ 49.618328, 48.357386, 48.355023, 47.734107 ] }, { "date": "2026-04-24", "close": 56.97, "volume": 1730397, "typical_volume": 488564.9, "trend": 47.220069, "fair_value": 38.737809, "relative_strength": 20.357361, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 78.547637, "energy": 73.216, "activity_lines": [ 52.517413, 49.952546, 49.20868, 48.395473 ] }, { "date": "2026-05-01", "close": 59.19, "volume": 958317, "typical_volume": 517320.0, "trend": 47.749371, "fair_value": 38.832045, "relative_strength": 22.171563, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.662705, "energy": 85.453448, "activity_lines": [ 55.41004, 51.834289, 50.222993, 49.167727 ] }, { "date": "2026-05-08", "close": 59.81, "volume": 1355123, "typical_volume": 564343.6, "trend": 48.336284, "fair_value": 38.921057, "relative_strength": 16.280064, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.418912, "energy": 89.73781, "activity_lines": [ 57.59936, 53.664624, 51.230323, 49.945832 ] }, { "date": "2026-05-15", "close": 61.18, "volume": 1104729, "typical_volume": 609112.6, "trend": 48.859501, "fair_value": 39.017401, "relative_strength": 18.589677, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.675306, "energy": 91.036889, "activity_lines": [ 59.35868, 55.536646, 52.303552, 50.774459 ] }, { "date": "2026-05-22", "close": 63.4, "volume": 1504272, "typical_volume": 656649.65, "trend": 49.435834, "fair_value": 39.119973, "relative_strength": 20.50979, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.739675, "energy": 90.113538, "activity_lines": [ 61.1, 57.518635, 53.517654, 51.712555 ] }, { "date": "2026-05-29", "close": 66.31, "volume": 893430, "typical_volume": 664613.3, "trend": 50.097241, "fair_value": 39.234142, "relative_strength": 21.490169, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.723171, "energy": 91.664478, "activity_lines": [ 63.166667, 59.722022, 54.928294, 52.801211 ] }, { "date": "2026-06-05", "close": 61.39, "volume": 1066777, "typical_volume": 690399.8, "trend": 50.621191, "fair_value": 39.312551, "relative_strength": 16.930667, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.622966, "energy": 63.594033, "activity_lines": [ 62.970667, 60.657465, 55.785328, 53.529776 ] }, { "date": "2026-06-12", "close": 61.49, "volume": 1573219, "typical_volume": 746088.05, "trend": 51.226813, "fair_value": 39.383977, "relative_strength": 13.780278, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.053185, "energy": 57.791241, "activity_lines": [ 62.661333, 61.322916, 56.595565, 54.23099 ] }, { "date": "2026-06-19", "close": 64.24, "volume": 909058, "typical_volume": 764245.9, "trend": 51.982703, "fair_value": 39.491619, "relative_strength": 14.98972, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.427609, "energy": 56.659699, "activity_lines": [ 63.156667, 62.216004, 57.615434, 55.07055 ] }, { "date": "2026-06-26", "close": 57.4, "volume": 917115, "typical_volume": 793734.7, "trend": 52.383735, "fair_value": 39.536164, "relative_strength": 6.996886, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.333463, "energy": 34.567693, "activity_lines": [ 61.168, 61.603091, 57.912506, 55.420053 ] }, { "date": "2026-07-03", "close": 56.71, "volume": 896464, "typical_volume": 823095.75, "trend": 52.730469, "fair_value": 39.567119, "relative_strength": 4.353398, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.471961, "energy": 23.778253, "activity_lines": [ 59.349333, 60.798, 58.107048, 55.699167 ] }, { "date": "2026-07-10", "close": 55.7, "volume": 1448175, "typical_volume": 876831.6, "trend": 53.07636, "fair_value": 39.579653, "relative_strength": 0.313833, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.743664, "energy": 21.136435, "activity_lines": [ 57.834, 59.814, 58.17598, 55.89075 ] }, { "date": "2026-07-17", "close": 52.24, "volume": 1110818, "typical_volume": 914917.9, "trend": 53.276062, "fair_value": 39.573232, "relative_strength": -2.08087, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.904064, "energy": 19.587398, "activity_lines": [ 55.544667, 58.264364, 57.889021, 55.836791 ] }, { "date": "2026-07-24", "close": 49.26, "volume": 1251267, "typical_volume": 953355.55, "trend": 53.372624, "fair_value": 39.549161, "relative_strength": -6.321391, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.780915, "energy": 34.091813, "activity_lines": [ 52.878667, 56.310545, 57.299979, 55.57769 ] }, { "date": "2026-07-31", "close": 49.26, "volume": 1217491, "typical_volume": 993346.9, "trend": 53.46552, "fair_value": 39.545952, "relative_strength": -7.027217, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.972084, "energy": 38.705689, "activity_lines": [ 51.211333, 54.573455, 56.690785, 55.31236 ] }, { "date": "2026-08-07", "close": 52.82, "volume": 1291169, "typical_volume": 1040076.15, "trend": 53.611093, "fair_value": 39.580797, "relative_strength": -5.415704, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.392629, "energy": 40.205074, "activity_lines": [ 51.273333, 53.740727, 56.407387, 55.270713 ] } ], "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." } } }