{ "ticker": { "uuid": "0efd6738-c3c5-4319-8b77-6cceb312349d", "symbol": "HMWD", "name": "HSBC MSCI World UCITS ETF", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 90.768, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 84.832, "architecture_energy": 67.484, "architecture_maturity": 86.687, "architecture_confidence": 64.353, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 14.33, "rotation_up": 53.9, "upward_expansion": 82.86, "deceleration": 71.33, "rotation_down": 28.89, "downward_expansion": 11.86 }, "activity_lines": [ 42.610723, 42.449904, 41.862259, 41.017081 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 43.48, "trend_reference": 40.026211, "distance_from_trend": 0.086288, "trend_direction": "Improving", "fair_value": 33.887959, "distance_from_fair_value": 0.283052, "fair_value_direction": "Improving", "relative_strength": -3.545416, "relative_strength_direction": "Weakening", "price_momentum": 0.13953, "excess_performance": -0.031361, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.086288, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040618, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.283052, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.037435, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.035454, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.005877, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.13953, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.078408, "read": "Demand-led" } ], "volume": { "latest": 31080, "relative_activity": 0.501668, "balance": 2.078408, "dry_up": 0.736223, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.016857, "annualized_volatility": 0.105848, "from_high_reference": -0.001607, "from_low_reference": 0.235553 }, "levels": { "trend_reference": 40.026211, "fair_value_reference": 33.887959, "structural_low": 36.361901, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 40, "median_return": 0.009294, "positive_rate": 0.65, "directional_follow_through": 0.65, "median_excess_return": -0.00434, "regime_survival": 0.85, "best_return": 0.067609, "worst_return": -0.082, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.028819, "positive_rate": 0.769231, "directional_follow_through": 0.769231, "median_excess_return": 0.001904, "regime_survival": 0.538462, "best_return": 0.100575, "worst_return": -0.15043, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.08544, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.005103, "regime_survival": 0.428571, "best_return": 0.151251, "worst_return": -0.076789, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.063569, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.053348, "regime_survival": 0.0, "best_return": 0.232952, "worst_return": 0.013061, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-08", "end": "2024-05-03", "tenure": "Established", "return": 0.109026, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-10", "end": "2024-05-17", "tenure": "New", "return": 0.005329, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-08-02", "tenure": "Developing", "return": -0.01602, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-09-27", "tenure": "Developing", "return": 0.062916, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2025-02-28", "tenure": "Established", "return": 0.082377, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.114248, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-06-06", "tenure": "Developing", "return": 0.128225, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-11", "tenure": "Developing", "return": 0.020375, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-22", "tenure": "Developing", "return": 0.028325, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2026-02-13", "tenure": "Established", "return": 0.072939, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-20", "end": "2026-02-27", "tenure": "New", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-06", "end": "2026-03-27", "tenure": "New", "return": -0.050902, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": 0.058301, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.094387, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 25.667641, "volume": 14489, "typical_volume": 75386.0, "trend": 25.171397, "fair_value": 23.719911, "relative_strength": -4.795701, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.915258, "energy": 37.453409, "activity_lines": [ 26.109262, 26.121199, 25.878835, 25.546968 ] }, { "date": "2023-08-25", "close": 25.989813, "volume": 11152, "typical_volume": 62476.3, "trend": 25.223337, "fair_value": 23.765439, "relative_strength": -4.645256, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.397127, "energy": 24.13468, "activity_lines": [ 26.025074, 26.101019, 25.921461, 25.599769 ] }, { "date": "2023-09-01", "close": 26.730316, "volume": 26389, "typical_volume": 61146.85, "trend": 25.280918, "fair_value": 23.818886, "relative_strength": -3.041638, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.779148, "energy": 34.708261, "activity_lines": [ 26.210681, 26.219128, 26.027032, 25.696993 ] }, { "date": "2023-09-08", "close": 26.643764, "volume": 43927, "typical_volume": 58533.6, "trend": 25.342121, "fair_value": 23.871689, "relative_strength": -1.534844, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.443261, "energy": 40.848775, "activity_lines": [ 26.370643, 26.302559, 26.114184, 25.784918 ] }, { "date": "2023-09-15", "close": 26.860146, "volume": 41044, "typical_volume": 56583.0, "trend": 25.412281, "fair_value": 23.926262, "relative_strength": -2.578064, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.413483, "energy": 58.840105, "activity_lines": [ 26.580933, 26.417008, 26.212295, 25.882856 ] }, { "date": "2023-09-22", "close": 26.268702, "volume": 67400, "typical_volume": 58710.45, "trend": 25.473518, "fair_value": 23.977788, "relative_strength": -3.257265, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.939245, "energy": 52.663096, "activity_lines": [ 26.544389, 26.404881, 26.243214, 25.938109 ] }, { "date": "2023-09-29", "close": 26.211002, "volume": 45541, "typical_volume": 59859.75, "trend": 25.523309, "fair_value": 24.026761, "relative_strength": -1.920998, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.36963, "energy": 38.895108, "activity_lines": [ 26.44854, 26.375888, 26.260432, 25.985688 ] }, { "date": "2023-10-06", "close": 25.8696, "volume": 467702, "typical_volume": 81833.7, "trend": 25.584096, "fair_value": 24.070872, "relative_strength": -1.299481, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.061672, "energy": 17.470738, "activity_lines": [ 26.224145, 26.287063, 26.238548, 26.00803 ] }, { "date": "2023-10-13", "close": 26.384104, "volume": 39516, "typical_volume": 72154.7, "trend": 25.670444, "fair_value": 24.11696, "relative_strength": -0.486784, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.87527, "energy": 19.339159, "activity_lines": [ 26.228632, 26.308307, 26.262958, 26.059643 ] }, { "date": "2023-10-20", "close": 25.5306, "volume": 41411, "typical_volume": 72887.85, "trend": 25.7285, "fair_value": 24.160076, "relative_strength": -0.283362, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -4.229438, "energy": 14.141958, "activity_lines": [ 25.965928, 26.173145, 26.201197, 26.050621 ] }, { "date": "2023-10-27", "close": 25.057451, "volume": 37784, "typical_volume": 72564.1, "trend": 25.746346, "fair_value": 24.204598, "relative_strength": -1.557613, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.964059, "energy": 35.159148, "activity_lines": [ 25.634145, 25.962578, 26.095537, 26.007327 ] }, { "date": "2023-11-03", "close": 26.085821, "volume": 41828, "typical_volume": 66311.3, "trend": 25.802597, "fair_value": 24.249386, "relative_strength": -2.243642, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.990028, "energy": 23.718001, "activity_lines": [ 25.725901, 25.950082, 26.09155, 26.029229 ] }, { "date": "2023-11-10", "close": 26.148588, "volume": 74590, "typical_volume": 60904.7, "trend": 25.854435, "fair_value": 24.291275, "relative_strength": -1.255347, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.20761, "energy": 17.336711, "activity_lines": [ 25.846925, 25.947252, 26.094041, 26.051551 ] }, { "date": "2023-11-17", "close": 26.530003, "volume": 61590, "typical_volume": 59828.1, "trend": 25.918192, "fair_value": 24.334577, "relative_strength": -3.012429, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.782044, "energy": 16.640002, "activity_lines": [ 26.076489, 26.024348, 26.130667, 26.095136 ] }, { "date": "2023-11-24", "close": 26.727949, "volume": 100833, "typical_volume": 62874.65, "trend": 25.989827, "fair_value": 24.377497, "relative_strength": -1.880793, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.372506, "energy": 34.626255, "activity_lines": [ 26.362308, 26.139502, 26.184506, 26.147378 ] }, { "date": "2023-12-01", "close": 27.075571, "volume": 48422, "typical_volume": 63786.15, "trend": 26.074165, "fair_value": 24.422881, "relative_strength": -2.050766, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 71.384916, "energy": 59.731298, "activity_lines": [ 26.684177, 26.320263, 26.267094, 26.217426 ] }, { "date": "2023-12-08", "close": 27.413528, "volume": 44089, "typical_volume": 64362.65, "trend": 26.160362, "fair_value": 24.471375, "relative_strength": -2.187596, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.43107, "energy": 77.929746, "activity_lines": [ 26.984158, 26.547801, 26.376358, 26.303837 ] }, { "date": "2023-12-15", "close": 27.814255, "volume": 72434, "typical_volume": 66361.9, "trend": 26.244133, "fair_value": 24.521258, "relative_strength": -0.515102, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.366048, "energy": 86.80791, "activity_lines": [ 27.3292, 26.826335, 26.518646, 26.41054 ] }, { "date": "2023-12-22", "close": 27.819084, "volume": 73360, "typical_volume": 68643.1, "trend": 26.326152, "fair_value": 24.570878, "relative_strength": -0.306758, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.53475, "energy": 88.674234, "activity_lines": [ 27.564808, 27.070389, 26.656461, 26.512149 ] }, { "date": "2023-12-29", "close": 27.76115, "volume": 50454, "typical_volume": 70197.75, "trend": 26.392369, "fair_value": 24.619507, "relative_strength": -0.387339, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.578959, "energy": 86.217883, "activity_lines": [ 27.695165, 27.277819, 26.781605, 26.60473 ] }, { "date": "2024-01-05", "close": 27.688728, "volume": 35360, "typical_volume": 71241.3, "trend": 26.453941, "fair_value": 24.664459, "relative_strength": -0.872108, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.96832, "energy": 82.686469, "activity_lines": [ 27.732502, 27.431526, 26.892012, 26.688366 ] }, { "date": "2024-01-12", "close": 28.046003, "volume": 62282, "typical_volume": 73797.8, "trend": 26.515784, "fair_value": 24.711465, "relative_strength": 0.328295, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.768617, "energy": 81.465326, "activity_lines": [ 27.848053, 27.60235, 27.026821, 26.79108 ] }, { "date": "2024-01-19", "close": 28.155403, "volume": 54331, "typical_volume": 75194.9, "trend": 26.598013, "fair_value": 24.758307, "relative_strength": 1.331839, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.709484, "energy": 80.182251, "activity_lines": [ 27.957906, 27.757426, 27.162257, 26.896862 ] }, { "date": "2024-01-26", "close": 28.823927, "volume": 65860, "typical_volume": 76291.55, "trend": 26.685946, "fair_value": 24.81307, "relative_strength": 3.360102, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.839414, "energy": 91.14579, "activity_lines": [ 28.267857, 27.997564, 27.354577, 27.040469 ] }, { "date": "2024-02-02", "close": 29.158188, "volume": 64199, "typical_volume": 77449.3, "trend": 26.797456, "fair_value": 24.863768, "relative_strength": 3.358271, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.700736, "energy": 96.303171, "activity_lines": [ 28.622239, 28.256769, 27.568349, 27.199968 ] }, { "date": "2024-02-09", "close": 29.492451, "volume": 103390, "typical_volume": 79248.8, "trend": 26.916601, "fair_value": 24.915544, "relative_strength": 2.994013, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.658451, "energy": 96.345547, "activity_lines": [ 28.994906, 28.532563, 27.803013, 27.373839 ] }, { "date": "2024-02-16", "close": 29.768576, "volume": 89171, "typical_volume": 81430.3, "trend": 27.03108, "fair_value": 24.968884, "relative_strength": 1.972944, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.142333, "energy": 96.372834, "activity_lines": [ 29.339367, 28.814619, 28.048623, 27.557837 ] }, { "date": "2024-02-23", "close": 29.967194, "volume": 120537, "typical_volume": 64072.05, "trend": 27.137373, "fair_value": 25.027251, "relative_strength": -0.411537, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.019246, "energy": 94.873006, "activity_lines": [ 29.635195, 29.089967, 28.296208, 27.747264 ] }, { "date": "2024-03-01", "close": 30.146437, "volume": 69446, "typical_volume": 65568.55, "trend": 27.265028, "fair_value": 25.08727, "relative_strength": -0.580845, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.090804, "energy": 93.723802, "activity_lines": [ 29.869985, 29.358761, 28.541352, 27.941397 ] }, { "date": "2024-03-08", "close": 30.170656, "volume": 81803, "typical_volume": 67588.15, "trend": 27.400222, "fair_value": 25.141946, "relative_strength": -1.945627, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.854046, "energy": 88.598776, "activity_lines": [ 30.024681, 29.589643, 28.770886, 28.128857 ] }, { "date": "2024-03-15", "close": 30.064081, "volume": 88273, "typical_volume": 70112.6, "trend": 27.54677, "fair_value": 25.195288, "relative_strength": -3.739661, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.427532, "energy": 68.479868, "activity_lines": [ 30.076354, 29.757339, 28.968175, 28.300719 ] }, { "date": "2024-03-22", "close": 30.877934, "volume": 80679, "typical_volume": 72055.15, "trend": 27.709707, "fair_value": 25.252635, "relative_strength": -2.256597, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.363216, "energy": 75.570088, "activity_lines": [ 30.361202, 30.029819, 29.219132, 28.515633 ] }, { "date": "2024-03-29", "close": 31.028114, "volume": 79762, "typical_volume": 72313.75, "trend": 27.852967, "fair_value": 25.308521, "relative_strength": -2.905375, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.902341, "energy": 74.329427, "activity_lines": [ 30.622153, 30.278115, 29.461573, 28.729724 ] }, { "date": "2024-04-05", "close": 30.611494, "volume": 56991, "typical_volume": 72083.8, "trend": 27.985225, "fair_value": 25.360052, "relative_strength": -2.1349, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.665651, "energy": 67.048915, "activity_lines": [ 30.673503, 30.398431, 29.6411, 28.907693 ] }, { "date": "2024-04-12", "close": 30.819801, "volume": 83980, "typical_volume": 71241.15, "trend": 28.117213, "fair_value": 25.411498, "relative_strength": -0.81125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.232777, "energy": 67.895658, "activity_lines": [ 30.763285, 30.52412, 29.82103, 29.090569 ] }, { "date": "2024-04-19", "close": 29.913908, "volume": 120066, "typical_volume": 74823.35, "trend": 28.23872, "fair_value": 25.458298, "relative_strength": -4.164343, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.764297, "energy": 60.903003, "activity_lines": [ 30.507826, 30.45489, 29.895199, 29.206485 ] }, { "date": "2024-04-26", "close": 30.470404, "volume": 148533, "typical_volume": 80045.55, "trend": 28.3807, "fair_value": 25.508517, "relative_strength": -3.279769, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.826306, "energy": 48.804477, "activity_lines": [ 30.447877, 30.479178, 30.008853, 29.350465 ] }, { "date": "2024-05-03", "close": 30.402313, "volume": 33979, "typical_volume": 78122.8, "trend": 28.531791, "fair_value": 25.557558, "relative_strength": -1.727322, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.054073, "energy": 41.789794, "activity_lines": [ 30.3924, 30.478325, 30.101464, 29.480891 ] }, { "date": "2024-05-10", "close": 31.029716, "volume": 53322, "typical_volume": 77120.9, "trend": 28.686644, "fair_value": 25.612638, "relative_strength": -2.648919, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.751049, "energy": 49.009263, "activity_lines": [ 30.587777, 30.583635, 30.241505, 29.642048 ] }, { "date": "2024-05-17", "close": 31.19508, "volume": 250759, "typical_volume": 87136.15, "trend": 28.87546, "fair_value": 25.66863, "relative_strength": -4.105112, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.123974, "energy": 58.295924, "activity_lines": [ 30.810395, 30.702951, 30.382005, 29.803882 ] }, { "date": "2024-05-24", "close": 31.22426, "volume": 53287, "typical_volume": 88032.5, "trend": 29.081021, "fair_value": 25.722999, "relative_strength": -1.397744, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.394418, "energy": 60.152539, "activity_lines": [ 31.01772, 30.808946, 30.508933, 29.955418 ] }, { "date": "2024-05-31", "close": 30.757359, "volume": 104822, "typical_volume": 90159.5, "trend": 29.236739, "fair_value": 25.773633, "relative_strength": -2.751753, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.032328, "energy": 54.015438, "activity_lines": [ 30.982055, 30.808957, 30.574558, 30.063569 ] }, { "date": "2024-06-07", "close": 31.559853, "volume": 64705, "typical_volume": 90678.2, "trend": 29.417114, "fair_value": 25.827927, "relative_strength": -0.612998, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.49279, "energy": 59.172455, "activity_lines": [ 31.194757, 30.957067, 30.7037, 30.213447 ] }, { "date": "2024-06-14", "close": 31.885708, "volume": 82174, "typical_volume": 91493.9, "trend": 29.595637, "fair_value": 25.884014, "relative_strength": 6.465126, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.026607, "energy": 62.891008, "activity_lines": [ 31.438909, 31.154756, 30.847663, 30.372711 ] }, { "date": "2024-06-21", "close": 32.158066, "volume": 110550, "typical_volume": 93811.45, "trend": 29.776641, "fair_value": 25.939413, "relative_strength": 5.251367, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.890583, "energy": 73.898382, "activity_lines": [ 31.71678, 31.378797, 31.002986, 30.538029 ] }, { "date": "2024-06-28", "close": 32.284527, "volume": 129358, "typical_volume": 95109.85, "trend": 29.950273, "fair_value": 25.993546, "relative_strength": 6.056509, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.945, "energy": 86.46536, "activity_lines": [ 31.972606, 31.601499, 31.156068, 30.699828 ] }, { "date": "2024-07-05", "close": 32.333157, "volume": 93237, "typical_volume": 95313.15, "trend": 30.114261, "fair_value": 26.047456, "relative_strength": 3.562081, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.042341, "energy": 87.643371, "activity_lines": [ 32.173957, 31.789941, 31.300485, 30.853563 ] }, { "date": "2024-07-12", "close": 32.683331, "volume": 145200, "typical_volume": 96546.3, "trend": 30.276563, "fair_value": 26.103959, "relative_strength": 2.800549, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.182399, "energy": 90.410948, "activity_lines": [ 32.38698, 32.008182, 31.46604, 31.019309 ] }, { "date": "2024-07-19", "close": 31.997574, "volume": 147699, "typical_volume": 100458.95, "trend": 30.415846, "fair_value": 26.153325, "relative_strength": 1.669319, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.83752, "energy": 74.835336, "activity_lines": [ 32.296519, 32.060267, 31.553351, 31.130342 ] }, { "date": "2024-07-26", "close": 31.78957, "volume": 336723, "typical_volume": 113204.95, "trend": 30.550127, "fair_value": 26.202519, "relative_strength": 2.146009, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.653045, "energy": 54.073735, "activity_lines": [ 32.129265, 32.056936, 31.612037, 31.218969 ] }, { "date": "2024-08-02", "close": 30.724054, "volume": 134839, "typical_volume": 115533.25, "trend": 30.651305, "fair_value": 26.242351, "relative_strength": 4.165808, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.126836, "energy": 17.936345, "activity_lines": [ 31.631406, 31.849066, 31.561536, 31.23019 ] }, { "date": "2024-08-09", "close": 30.841354, "volume": 217035, "typical_volume": 122351.05, "trend": 30.744483, "fair_value": 26.281951, "relative_strength": 5.24041, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.243133, "energy": 20.538296, "activity_lines": [ 31.276678, 31.671617, 31.519064, 31.242452 ] }, { "date": "2024-08-16", "close": 31.882437, "volume": 350642, "typical_volume": 135895.05, "trend": 30.868717, "fair_value": 26.329089, "relative_strength": 4.559403, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.136181, "energy": 24.725587, "activity_lines": [ 31.368432, 31.68193, 31.575917, 31.315868 ] }, { "date": "2024-08-23", "close": 31.989965, "volume": 38013, "typical_volume": 134946.15, "trend": 30.974252, "fair_value": 26.375546, "relative_strength": 2.950472, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.000943, "energy": 22.976293, "activity_lines": [ 31.549421, 31.705927, 31.638943, 31.388207 ] }, { "date": "2024-08-30", "close": 32.244122, "volume": 86012, "typical_volume": 135047.75, "trend": 31.077117, "fair_value": 26.423095, "relative_strength": 1.575019, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.097138, "energy": 28.974106, "activity_lines": [ 31.815636, 31.77424, 31.719609, 31.470134 ] }, { "date": "2024-09-06", "close": 31.110182, "volume": 51557, "typical_volume": 131622.3, "trend": 31.131041, "fair_value": 26.464091, "relative_strength": 1.207541, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.571107, "energy": 16.803728, "activity_lines": [ 31.673568, 31.634817, 31.685499, 31.472267 ] }, { "date": "2024-09-13", "close": 32.175697, "volume": 47746, "typical_volume": 126582.95, "trend": 31.211278, "fair_value": 26.512602, "relative_strength": 3.747567, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 45.127911, "energy": 26.993766, "activity_lines": [ 31.86093, 31.710475, 31.74717, 31.539664 ] }, { "date": "2024-09-20", "close": 32.3321, "volume": 119684, "typical_volume": 130868.2, "trend": 31.290108, "fair_value": 26.561878, "relative_strength": 3.570071, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 58.216577, "energy": 34.95331, "activity_lines": [ 32.01147, 31.817434, 31.815616, 31.611975 ] }, { "date": "2024-09-27", "close": 32.781769, "volume": 64785, "typical_volume": 131441.35, "trend": 31.377953, "fair_value": 26.616718, "relative_strength": 2.058636, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 65.234499, "energy": 46.266577, "activity_lines": [ 32.281921, 32.012536, 31.917698, 31.708211 ] }, { "date": "2024-10-04", "close": 33.001717, "volume": 139024, "typical_volume": 125854.6, "trend": 31.472322, "fair_value": 26.670494, "relative_strength": 6.093454, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.508321, "energy": 64.409221, "activity_lines": [ 32.572902, 32.233371, 32.032385, 31.81297 ] }, { "date": "2024-10-11", "close": 33.495373, "volume": 62632, "typical_volume": 126321.85, "trend": 31.586698, "fair_value": 26.724962, "relative_strength": 5.347716, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.397605, "energy": 72.357424, "activity_lines": [ 32.977929, 32.521923, 32.185483, 31.94349 ] }, { "date": "2024-10-18", "close": 33.949928, "volume": 94973, "typical_volume": 125829.4, "trend": 31.689098, "fair_value": 26.78074, "relative_strength": 3.992501, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.974688, "energy": 80.369308, "activity_lines": [ 33.375461, 32.842733, 32.371058, 32.095956 ] }, { "date": "2024-10-25", "close": 33.822319, "volume": 145032, "typical_volume": 129845.75, "trend": 31.782238, "fair_value": 26.833397, "relative_strength": 4.758754, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.806022, "energy": 80.604789, "activity_lines": [ 33.612175, 33.083822, 32.529276, 32.233583 ] }, { "date": "2024-11-01", "close": 33.292694, "volume": 161476, "typical_volume": 133810.85, "trend": 31.871611, "fair_value": 26.878952, "relative_strength": 3.307854, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.353899, "energy": 76.253031, "activity_lines": [ 33.573, 33.193345, 32.626281, 32.331032 ] }, { "date": "2024-11-08", "close": 34.700119, "volume": 109698, "typical_volume": 133768.25, "trend": 32.000955, "fair_value": 26.932752, "relative_strength": 10.162326, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.426687, "energy": 86.251077, "activity_lines": [ 33.968904, 33.535077, 32.850626, 32.513516 ] }, { "date": "2024-11-15", "close": 34.646179, "volume": 147631, "typical_volume": 134681.9, "trend": 32.158698, "fair_value": 26.983993, "relative_strength": 8.529543, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.151512, "energy": 85.538736, "activity_lines": [ 34.233601, 33.822348, 33.057729, 32.684176 ] }, { "date": "2024-11-22", "close": 35.582817, "volume": 104153, "typical_volume": 135227.7, "trend": 32.329111, "fair_value": 27.0465, "relative_strength": 13.422765, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.572647, "energy": 90.080173, "activity_lines": [ 34.733791, 34.215626, 33.342789, 32.905087 ] }, { "date": "2024-11-29", "close": 35.543594, "volume": 96843, "typical_volume": 132809.85, "trend": 32.500487, "fair_value": 27.11076, "relative_strength": 13.199409, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.916545, "energy": 90.605097, "activity_lines": [ 35.112047, 34.539825, 33.608639, 33.112473 ] }, { "date": "2024-12-06", "close": 35.901581, "volume": 141357, "typical_volume": 132492.75, "trend": 32.662883, "fair_value": 27.17256, "relative_strength": 9.651827, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.563924, "energy": 91.728784, "activity_lines": [ 35.494881, 34.870721, 33.894964, 33.331898 ] }, { "date": "2024-12-13", "close": 35.813313, "volume": 91346, "typical_volume": 120223.9, "trend": 32.816824, "fair_value": 27.234093, "relative_strength": 8.700698, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.412753, "energy": 89.777124, "activity_lines": [ 35.674366, 35.128845, 34.154291, 33.535152 ] }, { "date": "2024-12-20", "close": 35.322914, "volume": 176127, "typical_volume": 122288.3, "trend": 32.953446, "fair_value": 27.29021, "relative_strength": 10.486356, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.33591, "energy": 78.191178, "activity_lines": [ 35.616171, 35.246685, 34.347752, 33.696835 ] }, { "date": "2024-12-27", "close": 35.430805, "volume": 47312, "typical_volume": 113802.15, "trend": 33.109227, "fair_value": 27.345016, "relative_strength": 9.270441, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.957845, "energy": 63.505334, "activity_lines": [ 35.548825, 35.350914, 34.52959, 33.856665 ] }, { "date": "2025-01-03", "close": 35.626965, "volume": 34482, "typical_volume": 97994.15, "trend": 33.244798, "fair_value": 27.405116, "relative_strength": 9.683129, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.604808, "energy": 58.947259, "activity_lines": [ 35.557, 35.463883, 34.708255, 34.019099 ] }, { "date": "2025-01-10", "close": 35.327816, "volume": 73435, "typical_volume": 99765.25, "trend": 33.359535, "fair_value": 27.46557, "relative_strength": 5.596153, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.602237, "energy": 47.274314, "activity_lines": [ 35.4599, 35.48965, 34.840599, 34.153488 ] }, { "date": "2025-01-17", "close": 36.220337, "volume": 201927, "typical_volume": 105561.0, "trend": 33.494944, "fair_value": 27.535184, "relative_strength": 4.601949, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.247258, "energy": 57.151727, "activity_lines": [ 35.698558, 35.640692, 35.04205, 34.338056 ] }, { "date": "2025-01-24", "close": 36.244854, "volume": 155772, "typical_volume": 110771.75, "trend": 33.626955, "fair_value": 27.607672, "relative_strength": 4.755912, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.760617, "energy": 57.470326, "activity_lines": [ 35.918253, 35.76855, 35.226902, 34.515469 ] }, { "date": "2025-01-31", "close": 36.679062, "volume": 177537, "typical_volume": 117261.3, "trend": 33.771818, "fair_value": 27.682914, "relative_strength": 5.103782, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.522345, "energy": 60.76003, "activity_lines": [ 36.221222, 35.946289, 35.428656, 34.712379 ] }, { "date": "2025-02-07", "close": 36.570889, "volume": 150069, "typical_volume": 118780.55, "trend": 33.901403, "fair_value": 27.755273, "relative_strength": 3.05879, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.043283, "energy": 70.014543, "activity_lines": [ 36.404916, 36.084428, 35.598663, 34.892965 ] }, { "date": "2025-02-14", "close": 36.58073, "volume": 278344, "typical_volume": 129458.5, "trend": 34.054175, "fair_value": 27.831354, "relative_strength": 0.533228, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.235489, "energy": 69.853388, "activity_lines": [ 36.528962, 36.205678, 35.749423, 35.065824 ] }, { "date": "2025-02-21", "close": 36.575809, "volume": 62773, "typical_volume": 125645.95, "trend": 34.213717, "fair_value": 27.907193, "relative_strength": -0.710201, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.185609, "energy": 69.475488, "activity_lines": [ 36.567841, 36.313685, 35.881624, 35.22851 ] }, { "date": "2025-02-28", "close": 35.720295, "volume": 116777, "typical_volume": 128353.2, "trend": 34.380258, "fair_value": 27.977668, "relative_strength": -3.636457, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.900616, "energy": 47.115981, "activity_lines": [ 36.297849, 36.252281, 35.915327, 35.325709 ] }, { "date": "2025-03-07", "close": 33.611, "volume": 158606, "typical_volume": 131534.85, "trend": 34.472579, "fair_value": 28.035701, "relative_strength": -9.122231, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 1.869121, "energy": 12.766687, "activity_lines": [ 35.35973, 35.800144, 35.737551, 35.27608 ] }, { "date": "2025-03-14", "close": 33.129154, "volume": 130013, "typical_volume": 130783.9, "trend": 34.514137, "fair_value": 28.085039, "relative_strength": -10.517092, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.174577, "energy": 42.772453, "activity_lines": [ 34.465534, 35.293485, 35.515499, 35.189407 ] }, { "date": "2025-03-21", "close": 33.57658, "volume": 93543, "typical_volume": 127387.25, "trend": 34.567024, "fair_value": 28.133796, "relative_strength": -10.123488, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.436128, "energy": 48.168778, "activity_lines": [ 33.949928, 34.913592, 35.339359, 35.128919 ] }, { "date": "2025-03-28", "close": 33.173412, "volume": 139710, "typical_volume": 128887.85, "trend": 34.598, "fair_value": 28.179729, "relative_strength": -10.4561, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.096593, "energy": 64.23028, "activity_lines": [ 33.500209, 34.492235, 35.123471, 35.039009 ] }, { "date": "2025-04-04", "close": 30.267603, "volume": 140650, "typical_volume": 128538.8, "trend": 34.569914, "fair_value": 28.206135, "relative_strength": -8.606973, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -67.353518, "energy": 86.148376, "activity_lines": [ 32.308714, 33.597949, 34.638109, 34.759628 ] }, { "date": "2025-04-11", "close": 29.771008, "volume": 207239, "typical_volume": 133693.1, "trend": 34.489758, "fair_value": 28.230558, "relative_strength": -8.396055, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -90.56364, "energy": 94.953453, "activity_lines": [ 31.3152, 32.72205, 34.126302, 34.450022 ] }, { "date": "2025-04-18", "close": 30.213516, "volume": 82090, "typical_volume": 132955.45, "trend": 34.419138, "fair_value": 28.261291, "relative_strength": -12.003462, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.003417, "energy": 90.625946, "activity_lines": [ 30.725188, 32.052208, 33.684314, 34.174135 ] }, { "date": "2025-04-25", "close": 31.319788, "volume": 65181, "typical_volume": 129146.65, "trend": 34.370406, "fair_value": 28.299476, "relative_strength": -12.032148, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.542471, "energy": 82.306869, "activity_lines": [ 30.69831, 31.699094, 33.373067, 33.974177 ] }, { "date": "2025-05-02", "close": 32.421143, "volume": 45447, "typical_volume": 126851.7, "trend": 34.351053, "fair_value": 28.349208, "relative_strength": -11.162861, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.372758, "energy": 58.752184, "activity_lines": [ 31.189002, 31.641881, 33.188529, 33.848418 ] }, { "date": "2025-05-09", "close": 32.626808, "volume": 33300, "typical_volume": 119710.35, "trend": 34.322101, "fair_value": 28.401673, "relative_strength": -12.84822, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.920904, "energy": 40.615542, "activity_lines": [ 31.798401, 31.697601, 33.039732, 33.737176 ] }, { "date": "2025-05-16", "close": 34.215954, "volume": 31619, "typical_volume": 118925.7, "trend": 34.330969, "fair_value": 28.469714, "relative_strength": -11.423311, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.770946, "energy": 23.977354, "activity_lines": [ 32.780235, 32.098501, 33.05512, 33.730328 ] }, { "date": "2025-05-23", "close": 33.209164, "volume": 110318, "typical_volume": 122717.5, "trend": 34.31053, "fair_value": 28.525129, "relative_strength": -11.342737, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.332819, "energy": 27.625963, "activity_lines": [ 33.130142, 32.30535, 32.980408, 33.657954 ] }, { "date": "2025-05-30", "close": 33.717495, "volume": 89845, "typical_volume": 123538.0, "trend": 34.32469, "fair_value": 28.584616, "relative_strength": -11.268873, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.085049, "energy": 24.470328, "activity_lines": [ 33.449783, 32.603168, 32.965622, 33.619693 ] }, { "date": "2025-06-06", "close": 34.087635, "volume": 63263, "typical_volume": 116604.8, "trend": 34.304274, "fair_value": 28.651292, "relative_strength": -11.304886, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.114609, "energy": 21.774376, "activity_lines": [ 33.732958, 32.965721, 32.993756, 33.6044 ] }, { "date": "2025-06-13", "close": 33.668144, "volume": 78150, "typical_volume": 112723.7, "trend": 34.271673, "fair_value": 28.723258, "relative_strength": -9.588133, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.719199, "energy": 16.503349, "activity_lines": [ 33.765202, 33.235382, 32.992094, 33.563359 ] }, { "date": "2025-06-20", "close": 33.475666, "volume": 25909, "typical_volume": 105142.3, "trend": 34.201434, "fair_value": 28.78815, "relative_strength": -9.421496, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.678605, "energy": 14.321459, "activity_lines": [ 33.663864, 33.408218, 32.984371, 33.512004 ] }, { "date": "2025-06-27", "close": 34.018539, "volume": 55625, "typical_volume": 100420.1, "trend": 34.150599, "fair_value": 28.858538, "relative_strength": -8.917117, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.245842, "energy": 12.310889, "activity_lines": [ 33.792837, 33.612402, 33.043604, 33.500204 ] }, { "date": "2025-07-04", "close": 34.097504, "volume": 190745, "typical_volume": 96040.15, "trend": 34.090463, "fair_value": 28.921756, "relative_strength": -8.258849, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.731402, "energy": 18.631242, "activity_lines": [ 33.894173, 33.76176, 33.122512, 33.496778 ] }, { "date": "2025-07-11", "close": 34.354137, "volume": 24067, "typical_volume": 94104.85, "trend": 34.041824, "fair_value": 28.988003, "relative_strength": -8.454988, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.797823, "energy": 38.556731, "activity_lines": [ 34.05572, 33.907275, 33.237686, 33.51379 ] }, { "date": "2025-07-18", "close": 34.660122, "volume": 68235, "typical_volume": 91677.75, "trend": 34.019731, "fair_value": 29.052663, "relative_strength": -8.033387, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.947865, "energy": 49.803285, "activity_lines": [ 34.301494, 34.073278, 33.392581, 33.55368 ] }, { "date": "2025-07-25", "close": 34.932911, "volume": 22015, "typical_volume": 84848.2, "trend": 34.003135, "fair_value": 29.114561, "relative_strength": -8.095985, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.556419, "energy": 59.237435, "activity_lines": [ 34.572067, 34.25191, 33.578504, 33.612595 ] }, { "date": "2025-08-01", "close": 34.570992, "volume": 65199, "typical_volume": 81607.5, "trend": 33.967936, "fair_value": 29.173049, "relative_strength": -7.085169, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.592701, "energy": 56.346169, "activity_lines": [ 34.62485, 34.351702, 33.723663, 33.649231 ] }, { "date": "2025-08-08", "close": 35.146095, "volume": 42513, "typical_volume": 79056.0, "trend": 33.961878, "fair_value": 29.23162, "relative_strength": -9.117845, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.719778, "energy": 61.901551, "activity_lines": [ 34.832504, 34.531299, 33.916729, 33.725241 ] }, { "date": "2025-08-15", "close": 35.577431, "volume": 47250, "typical_volume": 74433.0, "trend": 33.940448, "fair_value": 29.291383, "relative_strength": -9.980221, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.65484, "energy": 72.607658, "activity_lines": [ 35.11403, 34.763346, 34.1434, 33.82947 ] }, { "date": "2025-08-22", "close": 35.64188, "volume": 39284, "typical_volume": 69364.7, "trend": 33.920349, "fair_value": 29.354889, "relative_strength": -10.947052, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.755105, "energy": 85.030999, "activity_lines": [ 35.335487, 34.980023, 34.364762, 33.93924 ] }, { "date": "2025-08-29", "close": 35.483231, "volume": 34100, "typical_volume": 60707.75, "trend": 33.880488, "fair_value": 29.42213, "relative_strength": -8.818515, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.608529, "energy": 85.681065, "activity_lines": [ 35.43861, 35.131969, 34.545422, 34.040071 ] }, { "date": "2025-09-05", "close": 35.458439, "volume": 28914, "typical_volume": 58048.95, "trend": 33.843406, "fair_value": 29.487458, "relative_strength": -7.435723, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.223303, "energy": 83.405691, "activity_lines": [ 35.496781, 35.242906, 34.696521, 34.141874 ] }, { "date": "2025-09-12", "close": 36.122795, "volume": 40425, "typical_volume": 56811.15, "trend": 33.828142, "fair_value": 29.555984, "relative_strength": -7.611654, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.39035, "energy": 86.739932, "activity_lines": [ 35.717241, 35.448455, 34.885915, 34.288932 ] }, { "date": "2025-09-19", "close": 36.281441, "volume": 82067, "typical_volume": 58642.15, "trend": 33.818329, "fair_value": 29.636547, "relative_strength": -6.452661, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.516208, "energy": 80.575262, "activity_lines": [ 35.92547, 35.646026, 35.067547, 34.447209 ] }, { "date": "2025-09-26", "close": 36.345894, "volume": 74901, "typical_volume": 60722.2, "trend": 33.839183, "fair_value": 29.719309, "relative_strength": -6.841178, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.209261, "energy": 78.00296, "activity_lines": [ 36.108249, 35.820273, 35.236935, 34.610278 ] }, { "date": "2025-10-03", "close": 36.935875, "volume": 41446, "typical_volume": 61213.55, "trend": 33.950012, "fair_value": 29.805036, "relative_strength": -6.41554, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.76222, "energy": 86.942703, "activity_lines": [ 36.440754, 36.07114, 35.444802, 34.810064 ] }, { "date": "2025-10-10", "close": 36.668152, "volume": 89234, "typical_volume": 60159.35, "trend": 34.067978, "fair_value": 29.890379, "relative_strength": -4.209843, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.263934, "energy": 73.429598, "activity_lines": [ 36.587175, 36.236911, 35.614219, 34.985428 ] }, { "date": "2025-10-17", "close": 36.519421, "volume": 98717, "typical_volume": 60602.95, "trend": 34.166073, "fair_value": 29.973446, "relative_strength": -3.753209, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.398359, "energy": 64.080438, "activity_lines": [ 36.603371, 36.337511, 35.753001, 35.143586 ] }, { "date": "2025-10-24", "close": 37.223434, "volume": 34023, "typical_volume": 59140.95, "trend": 34.301074, "fair_value": 30.056402, "relative_strength": -3.383795, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.398098, "energy": 68.210835, "activity_lines": [ 36.827797, 36.541143, 35.945488, 35.340835 ] }, { "date": "2025-10-31", "close": 37.907612, "volume": 42810, "typical_volume": 57373.95, "trend": 34.555741, "fair_value": 30.146268, "relative_strength": -3.006957, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.109127, "energy": 73.170257, "activity_lines": [ 37.217483, 36.839244, 36.188203, 35.573515 ] }, { "date": "2025-11-07", "close": 36.858261, "volume": 79328, "typical_volume": 60044.9, "trend": 34.791983, "fair_value": 30.226032, "relative_strength": -4.788753, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.615825, "energy": 61.520988, "activity_lines": [ 37.15327, 36.905359, 36.310792, 35.722064 ] }, { "date": "2025-11-14", "close": 37.405201, "volume": 51471, "typical_volume": 59837.2, "trend": 35.031705, "fair_value": 30.309485, "relative_strength": -5.412429, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.325963, "energy": 60.574001, "activity_lines": [ 37.276545, 37.045917, 36.469363, 35.890659 ] }, { "date": "2025-11-21", "close": 36.674297, "volume": 110748, "typical_volume": 55837.35, "trend": 35.210189, "fair_value": 30.385971, "relative_strength": -3.946471, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.707007, "energy": 49.196006, "activity_lines": [ 37.107049, 37.018188, 36.542196, 35.996633 ] }, { "date": "2025-11-28", "close": 37.802963, "volume": 44792, "typical_volume": 56873.6, "trend": 35.389583, "fair_value": 30.469905, "relative_strength": -2.174304, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.265201, "energy": 49.499735, "activity_lines": [ 37.303449, 37.185643, 36.710252, 36.163909 ] }, { "date": "2025-12-05", "close": 37.917328, "volume": 37065, "typical_volume": 55315.1, "trend": 35.565934, "fair_value": 30.557887, "relative_strength": -1.710448, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.837811, "energy": 52.429731, "activity_lines": [ 37.499336, 37.346228, 36.872776, 36.326989 ] }, { "date": "2025-12-12", "close": 37.454918, "volume": 30964, "typical_volume": 55762.55, "trend": 35.673899, "fair_value": 30.648349, "relative_strength": -2.740833, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.258814, "energy": 45.937424, "activity_lines": [ 37.540439, 37.394167, 36.975751, 36.448859 ] }, { "date": "2025-12-19", "close": 37.64883, "volume": 20532, "typical_volume": 53529.2, "trend": 35.821888, "fair_value": 30.740419, "relative_strength": -4.529348, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.527607, "energy": 48.593975, "activity_lines": [ 37.606402, 37.467925, 37.085184, 36.576274 ] }, { "date": "2025-12-26", "close": 37.807938, "volume": 17539, "typical_volume": 52280.5, "trend": 35.958236, "fair_value": 30.834756, "relative_strength": -3.401594, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.353845, "energy": 47.252987, "activity_lines": [ 37.709159, 37.552782, 37.195114, 36.704406 ] }, { "date": "2026-01-02", "close": 37.763187, "volume": 13329, "typical_volume": 50584.45, "trend": 36.080755, "fair_value": 30.924913, "relative_strength": -4.704825, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.547733, "energy": 43.607802, "activity_lines": [ 37.721423, 37.606074, 37.288106, 36.820854 ] }, { "date": "2026-01-09", "close": 38.747669, "volume": 30123, "typical_volume": 50126.4, "trend": 36.250072, "fair_value": 31.019587, "relative_strength": -2.616841, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.783852, "energy": 56.027551, "activity_lines": [ 38.064499, 37.82855, 37.46445, 36.992913 ] }, { "date": "2026-01-16", "close": 38.916718, "volume": 68313, "typical_volume": 51837.05, "trend": 36.431441, "fair_value": 31.116194, "relative_strength": -2.042488, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.005649, "energy": 74.56625, "activity_lines": [ 38.408569, 38.066488, 37.642105, 37.164955 ] }, { "date": "2026-01-23", "close": 38.240517, "volume": 101701, "typical_volume": 55476.4, "trend": 36.572173, "fair_value": 31.204713, "relative_strength": -1.342006, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.350434, "energy": 61.780558, "activity_lines": [ 38.429785, 38.144054, 37.73901, 37.28167 ] }, { "date": "2026-01-30", "close": 38.031479, "volume": 88375, "typical_volume": 57873.9, "trend": 36.703306, "fair_value": 31.288229, "relative_strength": -3.011732, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.109042, "energy": 54.40788, "activity_lines": [ 38.341876, 38.168425, 37.802758, 37.375818 ] }, { "date": "2026-02-06", "close": 38.156071, "volume": 29696, "typical_volume": 55255.35, "trend": 36.830037, "fair_value": 31.373796, "relative_strength": -3.100563, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.885568, "energy": 42.702722, "activity_lines": [ 38.280595, 38.190773, 37.869283, 37.469545 ] }, { "date": "2026-02-13", "close": 38.07135, "volume": 31907, "typical_volume": 53105.65, "trend": 36.943744, "fair_value": 31.459155, "relative_strength": -2.091903, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.657633, "energy": 28.083735, "activity_lines": [ 38.164882, 38.191298, 37.918813, 37.54963 ] }, { "date": "2026-02-20", "close": 38.514908, "volume": 41362, "typical_volume": 53101.45, "trend": 37.063144, "fair_value": 31.549432, "relative_strength": -2.903233, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.486143, "energy": 31.838941, "activity_lines": [ 38.242109, 38.269669, 38.00237, 37.650995 ] }, { "date": "2026-02-27", "close": 38.514908, "volume": 35208, "typical_volume": 50400.15, "trend": 37.194608, "fair_value": 31.637879, "relative_strength": -4.185315, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.062032, "energy": 38.052049, "activity_lines": [ 38.346123, 38.328767, 38.078407, 37.744658 ] }, { "date": "2026-03-06", "close": 38.380344, "volume": 86692, "typical_volume": 49798.9, "trend": 37.302416, "fair_value": 31.729766, "relative_strength": 2.096698, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.270342, "energy": 35.417306, "activity_lines": [ 38.38699, 38.347653, 38.132835, 37.821157 ] }, { "date": "2026-03-13", "close": 37.941769, "volume": 67712, "typical_volume": 51483.35, "trend": 37.381228, "fair_value": 31.820459, "relative_strength": 0.556301, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.535055, "energy": 26.333229, "activity_lines": [ 38.258407, 38.27639, 38.136633, 37.862405 ] }, { "date": "2026-03-20", "close": 36.90514, "volume": 64966, "typical_volume": 52591.15, "trend": 37.423336, "fair_value": 31.904537, "relative_strength": 1.175781, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -5.61824, "energy": 9.404533, "activity_lines": [ 37.798569, 38.013402, 38.038283, 37.83169 ] }, { "date": "2026-03-27", "close": 36.426689, "volume": 36637, "typical_volume": 50456.6, "trend": 37.454785, "fair_value": 31.980849, "relative_strength": -1.33745, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -33.721792, "energy": 33.107276, "activity_lines": [ 37.256994, 37.696923, 37.89914, 37.76739 ] }, { "date": "2026-04-03", "close": 37.418468, "volume": 351509, "typical_volume": 65458.5, "trend": 37.520119, "fair_value": 32.064311, "relative_strength": -3.523887, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.45231, "energy": 28.294552, "activity_lines": [ 37.185227, 37.606042, 37.856507, 37.765047 ] }, { "date": "2026-04-10", "close": 38.300602, "volume": 50876, "typical_volume": 62464.9, "trend": 37.592713, "fair_value": 32.152178, "relative_strength": -5.2137, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -2.174133, "energy": 16.911665, "activity_lines": [ 37.4806, 37.690494, 37.897824, 37.815401 ] }, { "date": "2026-04-17", "close": 39.536591, "volume": 80891, "typical_volume": 64269.85, "trend": 37.701218, "fair_value": 32.247814, "relative_strength": -4.611288, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.4171, "energy": 24.996304, "activity_lines": [ 38.193286, 37.994779, 38.04911, 37.940812 ] }, { "date": "2026-04-24", "close": 39.599998, "volume": 87538, "typical_volume": 66793.5, "trend": 37.809688, "fair_value": 32.344103, "relative_strength": -2.00949, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 70.823224, "energy": 51.953672, "activity_lines": [ 38.820786, 38.285492, 38.198179, 38.063314 ] }, { "date": "2026-05-01", "close": 39.73, "volume": 35565, "typical_volume": 67023.55, "trend": 37.902825, "fair_value": 32.44144, "relative_strength": -2.840706, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.202972, "energy": 72.793485, "activity_lines": [ 39.311962, 38.572048, 38.351617, 38.187205 ] }, { "date": "2026-05-08", "close": 40.535, "volume": 114197, "typical_volume": 71706.8, "trend": 38.03172, "fair_value": 32.542129, "relative_strength": -2.957722, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.909808, "energy": 85.636754, "activity_lines": [ 39.851252, 38.982875, 38.570887, 38.357023 ] }, { "date": "2026-05-15", "close": 41.044998, "volume": 37637, "typical_volume": 72711.7, "trend": 38.182573, "fair_value": 32.643051, "relative_strength": -1.375403, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.321871, "energy": 89.703372, "activity_lines": [ 40.352772, 39.4497, 38.824985, 38.551428 ] }, { "date": "2026-05-22", "close": 41.674999, "volume": 77911, "typical_volume": 75940.8, "trend": 38.330958, "fair_value": 32.747644, "relative_strength": -0.661558, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.540465, "energy": 93.352751, "activity_lines": [ 40.881332, 39.982623, 39.123669, 38.776746 ] }, { "date": "2026-05-29", "close": 41.895, "volume": 58450, "typical_volume": 77357.15, "trend": 38.463871, "fair_value": 32.850979, "relative_strength": -1.178349, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.689643, "energy": 92.711521, "activity_lines": [ 41.340666, 40.487668, 39.424678, 39.006684 ] }, { "date": "2026-06-05", "close": 41.855, "volume": 15080, "typical_volume": 74695.5, "trend": 38.630429, "fair_value": 32.95363, "relative_strength": -0.986273, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.429643, "energy": 90.138969, "activity_lines": [ 41.633666, 40.894717, 39.706889, 39.225466 ] }, { "date": "2026-06-12", "close": 41.715, "volume": 12639, "typical_volume": 70242.4, "trend": 38.774089, "fair_value": 33.053144, "relative_strength": -4.296397, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.945329, "energy": 86.307465, "activity_lines": [ 41.738333, 41.177614, 39.961776, 39.424471 ] }, { "date": "2026-06-19", "close": 42.32, "volume": 17617, "typical_volume": 66704.5, "trend": 38.962279, "fair_value": 33.159756, "relative_strength": -5.279182, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.324958, "energy": 89.129121, "activity_lines": [ 41.966, 41.492392, 40.257736, 39.653239 ] }, { "date": "2026-06-26", "close": 41.965, "volume": 3279, "typical_volume": 65383.65, "trend": 39.101014, "fair_value": 33.260904, "relative_strength": -3.089149, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.11744, "energy": 78.065323, "activity_lines": [ 41.990333, 41.669545, 40.499466, 39.846963 ] }, { "date": "2026-07-03", "close": 42.503593, "volume": 1246, "typical_volume": 63850.6, "trend": 39.253889, "fair_value": 33.367896, "relative_strength": -4.611867, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.792066, "energy": 78.444212, "activity_lines": [ 42.174864, 41.900471, 40.774352, 40.066485 ] }, { "date": "2026-07-10", "close": 42.65797, "volume": 75549, "typical_volume": 65559.95, "trend": 39.427325, "fair_value": 33.475203, "relative_strength": -3.790613, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.422507, "energy": 83.76999, "activity_lines": [ 42.370281, 42.106673, 41.042835, 40.286103 ] }, { "date": "2026-07-17", "close": 42.209778, "volume": 52948, "typical_volume": 66446.95, "trend": 39.579356, "fair_value": 33.576969, "relative_strength": -3.356357, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.623702, "energy": 71.820704, "activity_lines": [ 42.36277, 42.17815, 41.248904, 40.465616 ] }, { "date": "2026-07-24", "close": 42.294437, "volume": 25837, "typical_volume": 63404.2, "trend": 39.728906, "fair_value": 33.676431, "relative_strength": -2.921401, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.128037, "energy": 63.885288, "activity_lines": [ 42.350493, 42.234569, 41.445441, 40.640782 ] }, { "date": "2026-07-31", "close": 41.950001, "volume": 72581, "typical_volume": 63647.65, "trend": 39.868467, "fair_value": 33.776644, "relative_strength": -4.262161, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.491037, "energy": 57.562972, "activity_lines": [ 42.225108, 42.205646, 41.590536, 40.784079 ] }, { "date": "2026-08-07", "close": 43.48, "volume": 31080, "typical_volume": 61953.35, "trend": 40.026211, "fair_value": 33.887959, "relative_strength": -3.545416, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.832467, "energy": 67.484042, "activity_lines": [ 42.610723, 42.449904, 41.862259, 41.017081 ] } ], "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." } } }