{ "ticker": { "uuid": "0f01989c-eaec-4ccb-9ae2-616d6ec38172", "symbol": "ZLB", "name": "BMO Low Volatility Canadian Equity ETF", "exchange": "TOR", "country": "CA", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GSPTSE", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 68.25, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 60.9, "architecture_energy": 52.158, "architecture_maturity": 52.283, "architecture_confidence": 50.41, "architecture_tenure": "Developing", "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": 19.52, "rotation_up": 51.42, "upward_expansion": 79.5, "deceleration": 71.03, "rotation_down": 24.54, "downward_expansion": 8.5 }, "activity_lines": [ 61.899334, 61.797028, 60.970111, 60.357017 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 61.75, "trend_reference": 59.600498, "distance_from_trend": 0.036065, "trend_direction": "Improving", "fair_value": 50.309698, "distance_from_fair_value": 0.227398, "fair_value_direction": "Improving", "relative_strength": -6.790439, "relative_strength_direction": "Improving", "price_momentum": 0.067823, "excess_performance": -0.052598, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.036065, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.014591, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.227398, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.016935, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.067904, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.019818, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.067823, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.411995, "read": "Supply-led" } ], "volume": { "latest": 184900, "relative_activity": 1.082331, "balance": 0.411995, "dry_up": 1.318085, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.016031, "annualized_volatility": 0.088933, "from_high_reference": -0.022479, "from_low_reference": 0.121088 }, "levels": { "trend_reference": 59.600498, "fair_value_reference": 50.309698, "structural_low": 56.982035, "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": 43, "median_return": 0.009053, "positive_rate": 0.674419, "directional_follow_through": 0.674419, "median_excess_return": -0.003333, "regime_survival": 0.813953, "best_return": 0.059797, "worst_return": -0.042775, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.022339, "positive_rate": 0.692308, "directional_follow_through": 0.692308, "median_excess_return": -0.008164, "regime_survival": 0.461538, "best_return": 0.084301, "worst_return": -0.033597, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.043903, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": -0.000907, "regime_survival": 0.285714, "best_return": 0.130665, "worst_return": -0.01224, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.116201, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.010491, "regime_survival": 0.5, "best_return": 0.193861, "worst_return": 0.027164, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-09-01", "end": "2023-12-01", "tenure": "Established", "return": 0.016518, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-08", "end": "2023-12-29", "tenure": "New", "return": 0.016922, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-05", "end": "2024-04-19", "tenure": "Established", "return": 0.021672, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-05-10", "tenure": "New", "return": 0.030877, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-17", "end": "2024-06-14", "tenure": "Developing", "return": -0.024396, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-21", "end": "2024-07-12", "tenure": "New", "return": 0.052326, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-11-15", "tenure": "Established", "return": 0.059462, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-22", "end": "2024-11-29", "tenure": "New", "return": 0.010557, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-06", "end": "2025-01-10", "tenure": "Developing", "return": -0.046573, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-02-28", "tenure": "Developing", "return": 0.050671, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-07", "end": "2026-01-09", "tenure": "Extended", "return": 0.160183, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-16", "end": "2026-03-13", "tenure": "Developing", "return": 0.009231, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-06-05", "tenure": "Developing", "return": 0.052323, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": 0.017859, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 39.072861, "volume": 184897, "typical_volume": 194982.3, "trend": 40.269599, "fair_value": 36.480801, "relative_strength": 0.471301, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -41.762386, "energy": 44.58772, "activity_lines": [ 39.753521, 39.988928, 40.240592, 40.316039 ] }, { "date": "2023-08-25", "close": 39.189991, "volume": 126180, "typical_volume": 190499.25, "trend": 40.251667, "fair_value": 36.543468, "relative_strength": 0.605361, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.69205, "energy": 66.982585, "activity_lines": [ 39.476962, 39.837836, 40.109205, 40.246387 ] }, { "date": "2023-09-01", "close": 39.824451, "volume": 181725, "typical_volume": 188125.55, "trend": 40.256167, "fair_value": 36.614188, "relative_strength": -1.302103, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.059371, "energy": 58.312266, "activity_lines": [ 39.525116, 39.813802, 40.047356, 40.218824 ] }, { "date": "2023-09-08", "close": 39.316891, "volume": 85145, "typical_volume": 182628.65, "trend": 40.248563, "fair_value": 36.680325, "relative_strength": -0.31161, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.462296, "energy": 63.472509, "activity_lines": [ 39.443778, 39.685137, 39.944551, 40.158226 ] }, { "date": "2023-09-15", "close": 40.273457, "volume": 117531, "typical_volume": 178640.55, "trend": 40.255834, "fair_value": 36.753057, "relative_strength": -0.619724, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.307258, "energy": 27.525024, "activity_lines": [ 39.70407, 39.754352, 39.944449, 40.159832 ] }, { "date": "2023-09-22", "close": 39.277843, "volume": 121950, "typical_volume": 169270.8, "trend": 40.240188, "fair_value": 36.818078, "relative_strength": 1.026442, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.810866, "energy": 29.096184, "activity_lines": [ 39.618174, 39.636156, 39.856525, 40.096736 ] }, { "date": "2023-09-29", "close": 38.260555, "volume": 241788, "typical_volume": 173576.05, "trend": 40.190954, "fair_value": 36.873551, "relative_strength": -0.402726, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.458026, "energy": 49.241271, "activity_lines": [ 39.179517, 39.356603, 39.682212, 39.969018 ] }, { "date": "2023-10-06", "close": 38.466995, "volume": 261008, "typical_volume": 170174.1, "trend": 40.180375, "fair_value": 36.928078, "relative_strength": 1.568946, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.323725, "energy": 56.931179, "activity_lines": [ 38.871635, 39.162363, 39.543221, 39.857795 ] }, { "date": "2023-10-13", "close": 38.752075, "volume": 170194, "typical_volume": 171144.75, "trend": 40.160042, "fair_value": 36.984956, "relative_strength": 1.104828, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.679228, "energy": 67.117648, "activity_lines": [ 38.749278, 39.055463, 39.444904, 39.765646 ] }, { "date": "2023-10-20", "close": 37.877151, "volume": 299640, "typical_volume": 176180.4, "trend": 40.107014, "fair_value": 37.036226, "relative_strength": 0.530051, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.531793, "energy": 76.179768, "activity_lines": [ 38.372933, 38.805966, 39.271736, 39.618363 ] }, { "date": "2023-10-27", "close": 37.611736, "volume": 226989, "typical_volume": 179303.65, "trend": 40.00807, "fair_value": 37.093826, "relative_strength": 1.743064, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.496936, "energy": 75.76618, "activity_lines": [ 38.06787, 38.547877, 39.085884, 39.457377 ] }, { "date": "2023-11-03", "close": 39.764626, "volume": 268888, "typical_volume": 184815.0, "trend": 39.963439, "fair_value": 37.15702, "relative_strength": 1.552183, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.098783, "energy": 35.184849, "activity_lines": [ 38.591511, 38.707788, 39.115558, 39.441671 ] }, { "date": "2023-11-10", "close": 39.568012, "volume": 177785, "typical_volume": 183190.9, "trend": 39.903206, "fair_value": 37.21389, "relative_strength": 1.775077, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.701801, "energy": 22.412365, "activity_lines": [ 38.949343, 38.821503, 39.126834, 39.41616 ] }, { "date": "2023-11-17", "close": 40.177517, "volume": 179707, "typical_volume": 180404.0, "trend": 39.850688, "fair_value": 37.272573, "relative_strength": 0.575053, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.661772, "energy": 13.773428, "activity_lines": [ 39.436942, 39.0507, 39.194146, 39.433857 ] }, { "date": "2023-11-24", "close": 39.941574, "volume": 154914, "typical_volume": 178184.1, "trend": 39.790628, "fair_value": 37.326193, "relative_strength": 0.254286, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.921284, "energy": 24.460564, "activity_lines": [ 39.750864, 39.221351, 39.241164, 39.439721 ] }, { "date": "2023-12-01", "close": 40.482254, "volume": 224107, "typical_volume": 179798.65, "trend": 39.757315, "fair_value": 37.383861, "relative_strength": -0.202283, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 29.223294, "energy": 33.981884, "activity_lines": [ 40.107384, 39.496341, 39.339582, 39.484342 ] }, { "date": "2023-12-08", "close": 40.845993, "volume": 173268, "typical_volume": 182201.1, "trend": 39.733865, "fair_value": 37.444326, "relative_strength": 1.229179, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.521423, "energy": 51.581869, "activity_lines": [ 40.393783, 39.815567, 39.473089, 39.554579 ] }, { "date": "2023-12-15", "close": 40.600224, "volume": 191912, "typical_volume": 184618.0, "trend": 39.710302, "fair_value": 37.504321, "relative_strength": -0.363515, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.077139, "energy": 52.09914, "activity_lines": [ 40.526168, 40.0431, 39.583391, 39.610473 ] }, { "date": "2023-12-22", "close": 41.081917, "volume": 262161, "typical_volume": 188731.15, "trend": 39.728646, "fair_value": 37.567695, "relative_strength": -0.892663, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.596549, "energy": 61.194448, "activity_lines": [ 40.750303, 40.319427, 39.738709, 39.698965 ] }, { "date": "2023-12-29", "close": 41.53717, "volume": 85913, "typical_volume": 186785.1, "trend": 39.762488, "fair_value": 37.635277, "relative_strength": -0.186092, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.244088, "energy": 77.141693, "activity_lines": [ 41.065895, 40.636167, 39.930607, 39.815644 ] }, { "date": "2024-01-05", "close": 41.349136, "volume": 140882, "typical_volume": 184584.35, "trend": 39.813651, "fair_value": 37.697961, "relative_strength": -0.554211, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.245858, "energy": 75.328831, "activity_lines": [ 41.212437, 40.852173, 40.097557, 39.918008 ] }, { "date": "2024-01-12", "close": 41.636139, "volume": 218819, "typical_volume": 189216.3, "trend": 39.873736, "fair_value": 37.76483, "relative_strength": -0.154843, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.722705, "energy": 78.783408, "activity_lines": [ 41.396854, 41.052409, 40.281001, 40.035588 ] }, { "date": "2024-01-19", "close": 41.853878, "volume": 208825, "typical_volume": 190571.3, "trend": 39.964021, "fair_value": 37.833738, "relative_strength": 0.70003, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.987623, "energy": 81.615962, "activity_lines": [ 41.601174, 41.258206, 40.473533, 40.163339 ] }, { "date": "2024-01-26", "close": 42.081501, "volume": 195180, "typical_volume": 196073.05, "trend": 40.012251, "fair_value": 37.908326, "relative_strength": 0.127254, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.845599, "energy": 80.320544, "activity_lines": [ 41.797792, 41.463828, 40.678081, 40.29995 ] }, { "date": "2024-02-02", "close": 42.180477, "volume": 257836, "typical_volume": 203088.3, "trend": 40.087531, "fair_value": 37.978566, "relative_strength": 0.468152, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.431257, "energy": 87.564019, "activity_lines": [ 41.960762, 41.652828, 40.878889, 40.439836 ] }, { "date": "2024-02-09", "close": 41.596558, "volume": 271578, "typical_volume": 210569.7, "trend": 40.121549, "fair_value": 38.04354, "relative_strength": -0.6255, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.624805, "energy": 73.428143, "activity_lines": [ 41.886206, 41.694953, 41.015005, 40.537193 ] }, { "date": "2024-02-16", "close": 42.328922, "volume": 203443, "typical_volume": 208652.45, "trend": 40.169566, "fair_value": 38.1169, "relative_strength": -0.083796, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.169148, "energy": 61.71671, "activity_lines": [ 42.039277, 41.849975, 41.209829, 40.679604 ] }, { "date": "2024-02-23", "close": 42.873253, "volume": 175575, "typical_volume": 204380.8, "trend": 40.251346, "fair_value": 38.194395, "relative_strength": 0.421006, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.969358, "energy": 64.921351, "activity_lines": [ 42.327605, 42.077005, 41.43712, 40.854035 ] }, { "date": "2024-03-01", "close": 42.833664, "volume": 278690, "typical_volume": 209805.6, "trend": 40.357185, "fair_value": 38.26683, "relative_strength": -0.374187, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.463893, "energy": 65.066029, "activity_lines": [ 42.534779, 42.255508, 41.639659, 41.020636 ] }, { "date": "2024-03-08", "close": 43.328503, "volume": 185280, "typical_volume": 204087.6, "trend": 40.466177, "fair_value": 38.3364, "relative_strength": -0.112172, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.601702, "energy": 82.025396, "activity_lines": [ 42.856755, 42.492132, 41.869889, 41.212334 ] }, { "date": "2024-03-15", "close": 43.150368, "volume": 197583, "typical_volume": 202617.3, "trend": 40.602094, "fair_value": 38.401429, "relative_strength": -0.978581, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.080609, "energy": 84.699285, "activity_lines": [ 43.042818, 42.663799, 42.057196, 41.385508 ] }, { "date": "2024-03-22", "close": 43.031605, "volume": 252646, "typical_volume": 201805.2, "trend": 40.730148, "fair_value": 38.46347, "relative_strength": -1.794148, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.66237, "energy": 77.954349, "activity_lines": [ 43.085706, 42.781122, 42.206817, 41.54225 ] }, { "date": "2024-03-29", "close": 43.221443, "volume": 148858, "typical_volume": 200358.85, "trend": 40.843381, "fair_value": 38.524662, "relative_strength": -2.109505, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.076595, "energy": 67.529067, "activity_lines": [ 43.145027, 42.907589, 42.35896, 41.702979 ] }, { "date": "2024-04-05", "close": 42.992332, "volume": 353264, "typical_volume": 209036.7, "trend": 40.965896, "fair_value": 38.580492, "relative_strength": -2.956779, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.768532, "energy": 55.783418, "activity_lines": [ 43.104766, 42.967535, 42.471887, 41.841621 ] }, { "date": "2024-04-12", "close": 42.364784, "volume": 187876, "typical_volume": 210684.8, "trend": 41.035607, "fair_value": 38.630176, "relative_strength": -2.710683, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.671071, "energy": 39.25813, "activity_lines": [ 42.844744, 42.896821, 42.511643, 41.931872 ] }, { "date": "2024-04-19", "close": 42.245247, "volume": 265237, "typical_volume": 212741.3, "trend": 41.13452, "fair_value": 38.678622, "relative_strength": -2.497314, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.613761, "energy": 27.575375, "activity_lines": [ 42.609124, 42.801022, 42.528475, 42.009913 ] }, { "date": "2024-04-26", "close": 42.583935, "volume": 163658, "typical_volume": 212260.8, "trend": 41.278633, "fair_value": 38.731008, "relative_strength": -2.359653, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.809503, "energy": 21.673506, "activity_lines": [ 42.546741, 42.755008, 42.569169, 42.103424 ] }, { "date": "2024-05-03", "close": 43.121838, "volume": 339810, "typical_volume": 219655.7, "trend": 41.433794, "fair_value": 38.782359, "relative_strength": -0.975743, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.472449, "energy": 23.273485, "activity_lines": [ 42.693505, 42.802157, 42.652815, 42.22234 ] }, { "date": "2024-05-10", "close": 43.898804, "volume": 187972, "typical_volume": 215946.25, "trend": 41.605352, "fair_value": 38.83869, "relative_strength": -0.760604, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 73.975651, "energy": 45.001369, "activity_lines": [ 43.105897, 42.986054, 42.79845, 42.381373 ] }, { "date": "2024-05-17", "close": 44.098026, "volume": 196429, "typical_volume": 221472.05, "trend": 41.812715, "fair_value": 38.895295, "relative_strength": -0.940529, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.646622, "energy": 74.973462, "activity_lines": [ 43.524265, 43.186807, 42.949645, 42.542191 ] }, { "date": "2024-05-24", "close": 43.878883, "volume": 168079, "typical_volume": 222831.9, "trend": 42.021619, "fair_value": 38.948372, "relative_strength": -0.728353, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.929689, "energy": 79.8553, "activity_lines": [ 43.754036, 43.333724, 43.067775, 42.675492 ] }, { "date": "2024-05-31", "close": 43.321053, "volume": 220549, "typical_volume": 222918.4, "trend": 42.140167, "fair_value": 38.996988, "relative_strength": -1.687685, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.291485, "energy": 70.875282, "activity_lines": [ 43.688955, 43.365972, 43.120732, 42.759327 ] }, { "date": "2024-06-07", "close": 43.649776, "volume": 285994, "typical_volume": 226776.85, "trend": 42.276226, "fair_value": 39.047416, "relative_strength": 0.25568, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.309921, "energy": 57.52471, "activity_lines": [ 43.684306, 43.452725, 43.196972, 42.856721 ] }, { "date": "2024-06-14", "close": 43.022224, "volume": 246304, "typical_volume": 229333.05, "trend": 42.371049, "fair_value": 39.094884, "relative_strength": 0.500137, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.968616, "energy": 32.548256, "activity_lines": [ 43.435278, 43.41759, 43.204893, 42.90485 ] }, { "date": "2024-06-21", "close": 42.862846, "volume": 288685, "typical_volume": 230875.5, "trend": 42.468425, "fair_value": 39.140739, "relative_strength": 0.545703, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.065802, "energy": 17.345805, "activity_lines": [ 43.191563, 43.352933, 43.193156, 42.936578 ] }, { "date": "2024-06-28", "close": 43.561733, "volume": 223145, "typical_volume": 228453.85, "trend": 42.571074, "fair_value": 39.190363, "relative_strength": 0.710387, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.059322, "energy": 18.141603, "activity_lines": [ 43.263155, 43.406291, 43.24473, 43.007114 ] }, { "date": "2024-07-05", "close": 43.952744, "volume": 151838, "typical_volume": 225873.6, "trend": 42.674633, "fair_value": 39.240653, "relative_strength": 0.790661, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.038167, "energy": 24.166923, "activity_lines": [ 43.486228, 43.506806, 43.324186, 43.096254 ] }, { "date": "2024-07-12", "close": 45.105701, "volume": 175768, "typical_volume": 225883.25, "trend": 42.824815, "fair_value": 39.297324, "relative_strength": 0.644204, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 79.019464, "energy": 60.755251, "activity_lines": [ 44.051506, 43.792062, 43.505714, 43.253097 ] }, { "date": "2024-07-19", "close": 45.466625, "volume": 163562, "typical_volume": 220126.85, "trend": 42.970972, "fair_value": 39.355656, "relative_strength": 1.360324, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.095008, "energy": 83.308415, "activity_lines": [ 44.640032, 44.106871, 43.710986, 43.423537 ] }, { "date": "2024-07-26", "close": 45.85762, "volume": 147513, "typical_volume": 218238.5, "trend": 43.114987, "fair_value": 39.413466, "relative_strength": 1.634847, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.430611, "energy": 90.208349, "activity_lines": [ 45.195928, 44.464263, 43.940957, 43.609772 ] }, { "date": "2024-08-02", "close": 45.727295, "volume": 284840, "typical_volume": 222601.35, "trend": 43.260926, "fair_value": 39.469195, "relative_strength": 3.924871, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.153276, "energy": 88.754758, "activity_lines": [ 45.508732, 44.765968, 44.146473, 43.778308 ] }, { "date": "2024-08-09", "close": 45.546829, "volume": 112726, "typical_volume": 215605.35, "trend": 43.391282, "fair_value": 39.522758, "relative_strength": 3.047809, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.071549, "energy": 84.401734, "activity_lines": [ 45.617009, 45.001253, 44.32253, 43.925786 ] }, { "date": "2024-08-16", "close": 46.649658, "volume": 180380, "typical_volume": 217181.45, "trend": 43.551142, "fair_value": 39.582143, "relative_strength": 2.088694, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.182542, "energy": 86.679415, "activity_lines": [ 45.986624, 45.396583, 44.591642, 44.136004 ] }, { "date": "2024-08-23", "close": 47.03064, "volume": 150013, "typical_volume": 207018.9, "trend": 43.716113, "fair_value": 39.644742, "relative_strength": 1.85578, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.139193, "energy": 82.219076, "activity_lines": [ 46.380302, 45.80664, 44.880712, 44.360487 ] }, { "date": "2024-08-30", "close": 47.281273, "volume": 148860, "typical_volume": 205068.1, "trend": 43.886139, "fair_value": 39.707286, "relative_strength": 2.049015, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.99457, "energy": 87.823473, "activity_lines": [ 46.753257, 46.189386, 45.174423, 44.590498 ] }, { "date": "2024-09-06", "close": 47.181015, "volume": 107920, "typical_volume": 197202.25, "trend": 44.072288, "fair_value": 39.770374, "relative_strength": 4.243626, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.305949, "energy": 86.892643, "activity_lines": [ 46.997882, 46.473569, 45.435173, 44.80307 ] }, { "date": "2024-09-13", "close": 48.614697, "volume": 195659, "typical_volume": 198802.3, "trend": 44.281814, "fair_value": 39.846452, "relative_strength": 3.713048, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.033622, "energy": 94.416861, "activity_lines": [ 47.623487, 46.952616, 45.808961, 45.096129 ] }, { "date": "2024-09-20", "close": 48.344006, "volume": 196910, "typical_volume": 191657.3, "trend": 44.464172, "fair_value": 39.921626, "relative_strength": 1.805651, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.5124, "energy": 89.094652, "activity_lines": [ 47.954337, 47.297683, 46.12825, 45.358206 ] }, { "date": "2024-09-27", "close": 48.623905, "volume": 145785, "typical_volume": 189547.95, "trend": 44.65718, "fair_value": 40.003065, "relative_strength": 1.942303, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.146322, "energy": 86.492382, "activity_lines": [ 48.26553, 47.634763, 46.44933, 45.626576 ] }, { "date": "2024-10-04", "close": 48.08947, "volume": 183070, "typical_volume": 188880.0, "trend": 44.815879, "fair_value": 40.079228, "relative_strength": -0.02955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.844257, "energy": 73.658035, "activity_lines": [ 48.29236, 47.817268, 46.69701, 45.848014 ] }, { "date": "2024-10-11", "close": 48.432316, "volume": 236694, "typical_volume": 192310.75, "trend": 44.991944, "fair_value": 40.15478, "relative_strength": -0.574241, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.835322, "energy": 66.513336, "activity_lines": [ 48.379592, 48.021529, 46.958335, 46.081332 ] }, { "date": "2024-10-18", "close": 49.299515, "volume": 145112, "typical_volume": 188538.9, "trend": 45.200874, "fair_value": 40.234219, "relative_strength": -0.230741, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.226623, "energy": 71.266413, "activity_lines": [ 48.672471, 48.33428, 47.280568, 46.35924 ] }, { "date": "2024-10-25", "close": 48.502903, "volume": 225835, "typical_volume": 185530.95, "trend": 45.376923, "fair_value": 40.310284, "relative_strength": -0.379505, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.727227, "energy": 62.846275, "activity_lines": [ 48.654158, 48.433963, 47.498464, 46.572274 ] }, { "date": "2024-11-01", "close": 48.250809, "volume": 248611, "typical_volume": 185646.3, "trend": 45.552206, "fair_value": 40.378462, "relative_strength": -0.029453, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.727553, "energy": 60.212443, "activity_lines": [ 48.54122, 48.454115, 47.669241, 46.757686 ] }, { "date": "2024-11-08", "close": 48.593662, "volume": 272251, "typical_volume": 184824.6, "trend": 45.759835, "fair_value": 40.447881, "relative_strength": -1.321166, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.728791, "energy": 57.53996, "activity_lines": [ 48.56744, 48.514419, 47.847773, 46.953909 ] }, { "date": "2024-11-15", "close": 48.170139, "volume": 307424, "typical_volume": 189038.55, "trend": 45.957331, "fair_value": 40.515183, "relative_strength": -2.644394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.30262, "energy": 44.303166, "activity_lines": [ 48.418873, 48.473857, 47.958679, 47.109413 ] }, { "date": "2024-11-22", "close": 48.714661, "volume": 224875, "typical_volume": 192690.4, "trend": 46.161689, "fair_value": 40.590396, "relative_strength": -3.618629, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.844798, "energy": 42.607227, "activity_lines": [ 48.469291, 48.514315, 48.0995, 47.287305 ] }, { "date": "2024-11-29", "close": 49.228939, "volume": 199312, "typical_volume": 193867.6, "trend": 46.365259, "fair_value": 40.670338, "relative_strength": -3.318638, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.832839, "energy": 51.901099, "activity_lines": [ 48.730126, 48.64646, 48.266624, 47.485192 ] }, { "date": "2024-12-06", "close": 49.672623, "volume": 226316, "typical_volume": 197005.3, "trend": 46.55772, "fair_value": 40.751751, "relative_strength": -2.542228, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.698146, "energy": 57.859446, "activity_lines": [ 49.090453, 48.843186, 48.456369, 47.69857 ] }, { "date": "2024-12-13", "close": 48.906254, "volume": 174613, "typical_volume": 198360.3, "trend": 46.717994, "fair_value": 40.824667, "relative_strength": -2.420447, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.050553, "energy": 53.724872, "activity_lines": [ 49.100536, 48.881504, 48.553098, 47.850089 ] }, { "date": "2024-12-20", "close": 47.918045, "volume": 230544, "typical_volume": 195645.5, "trend": 46.852633, "fair_value": 40.889099, "relative_strength": -1.750929, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.869093, "energy": 40.713829, "activity_lines": [ 48.760377, 48.725297, 48.541195, 47.927511 ] }, { "date": "2024-12-27", "close": 48.079384, "volume": 106478, "typical_volume": 195333.1, "trend": 47.011244, "fair_value": 40.953062, "relative_strength": -2.162187, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.661549, "energy": 24.261568, "activity_lines": [ 48.490803, 48.607775, 48.534225, 48.006657 ] }, { "date": "2025-01-03", "close": 48.312683, "volume": 180091, "typical_volume": 195318.65, "trend": 47.166674, "fair_value": 41.022067, "relative_strength": -2.728606, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.780377, "energy": 20.145778, "activity_lines": [ 48.341348, 48.554855, 48.537414, 48.09062 ] }, { "date": "2025-01-10", "close": 47.359215, "volume": 537776, "typical_volume": 214706.8, "trend": 47.31124, "fair_value": 41.08502, "relative_strength": -3.403992, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -7.451481, "energy": 20.687535, "activity_lines": [ 47.935154, 48.332036, 48.441878, 48.103042 ] }, { "date": "2025-01-17", "close": 47.643219, "volume": 209115, "typical_volume": 217719.55, "trend": 47.470586, "fair_value": 41.154601, "relative_strength": -3.893786, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.232631, "energy": 18.929874, "activity_lines": [ 47.777854, 48.177065, 48.371825, 48.12446 ] }, { "date": "2025-01-24", "close": 48.403976, "volume": 200368, "typical_volume": 222341.95, "trend": 47.631994, "fair_value": 41.225634, "relative_strength": -3.809451, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.933497, "energy": 15.302878, "activity_lines": [ 47.958343, 48.177694, 48.372501, 48.184679 ] }, { "date": "2025-01-31", "close": 48.637268, "volume": 194602, "typical_volume": 222289.1, "trend": 47.788145, "fair_value": 41.294075, "relative_strength": -3.500575, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.383868, "energy": 13.569333, "activity_lines": [ 48.184201, 48.216488, 48.389573, 48.249535 ] }, { "date": "2025-02-07", "close": 48.931427, "volume": 232083, "typical_volume": 224047.75, "trend": 47.915669, "fair_value": 41.36332, "relative_strength": -2.518925, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.064467, "energy": 22.578195, "activity_lines": [ 48.470919, 48.310173, 48.434551, 48.323296 ] }, { "date": "2025-02-14", "close": 49.06329, "volume": 144247, "typical_volume": 223970.85, "trend": 48.035558, "fair_value": 41.435694, "relative_strength": -2.347875, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 46.944849, "energy": 32.724073, "activity_lines": [ 48.760342, 48.433242, 48.489291, 48.397336 ] }, { "date": "2025-02-21", "close": 49.042999, "volume": 162697, "typical_volume": 222952.2, "trend": 48.141737, "fair_value": 41.507998, "relative_strength": -1.033121, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 56.364566, "energy": 41.24975, "activity_lines": [ 48.929397, 48.563701, 48.540006, 48.462332 ] }, { "date": "2025-02-28", "close": 50.057339, "volume": 221414, "typical_volume": 222188.2, "trend": 48.286072, "fair_value": 41.582056, "relative_strength": 0.048988, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 77.771622, "energy": 69.170641, "activity_lines": [ 49.343246, 48.876099, 48.682785, 48.585919 ] }, { "date": "2025-03-07", "close": 50.229774, "volume": 464740, "typical_volume": 238169.6, "trend": 48.44217, "fair_value": 41.653734, "relative_strength": 2.931584, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.533292, "energy": 74.447944, "activity_lines": [ 49.704349, 49.180953, 48.834247, 48.711319 ] }, { "date": "2025-03-14", "close": 49.469025, "volume": 292530, "typical_volume": 241504.35, "trend": 48.536149, "fair_value": 41.720115, "relative_strength": 2.18096, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.083248, "energy": 64.327131, "activity_lines": [ 49.705702, 49.30839, 48.908828, 48.777568 ] }, { "date": "2025-03-21", "close": 49.702312, "volume": 191335, "typical_volume": 238640.55, "trend": 48.625205, "fair_value": 41.789433, "relative_strength": 0.923381, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.31261, "energy": 62.618057, "activity_lines": [ 49.748977, 49.457219, 49.001025, 48.852804 ] }, { "date": "2025-03-28", "close": 50.046036, "volume": 654056, "typical_volume": 257730.8, "trend": 48.717364, "fair_value": 41.85721, "relative_strength": 2.408991, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.190832, "energy": 53.37695, "activity_lines": [ 49.864226, 49.625941, 49.119047, 48.944471 ] }, { "date": "2025-04-04", "close": 49.311569, "volume": 1158774, "typical_volume": 300298.3, "trend": 48.788382, "fair_value": 41.916409, "relative_strength": 7.513437, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.495064, "energy": 31.99065, "activity_lines": [ 49.667783, 49.617437, 49.160203, 48.982807 ] }, { "date": "2025-04-11", "close": 49.250359, "volume": 879893, "typical_volume": 333049.2, "trend": 48.809571, "fair_value": 41.977936, "relative_strength": 5.427615, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.662691, "energy": 22.569418, "activity_lines": [ 49.500655, 49.581301, 49.190094, 49.012612 ] }, { "date": "2025-04-18", "close": 50.790714, "volume": 296372, "typical_volume": 337902.2, "trend": 48.891128, "fair_value": 42.051999, "relative_strength": 5.839324, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.20514, "energy": 37.924683, "activity_lines": [ 49.912273, 49.814083, 49.364135, 49.140427 ] }, { "date": "2025-04-25", "close": 51.280357, "volume": 354994, "typical_volume": 344336.1, "trend": 48.979676, "fair_value": 42.133796, "relative_strength": 4.482215, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.783788, "energy": 45.686255, "activity_lines": [ 50.398993, 50.102086, 49.577371, 49.294571 ] }, { "date": "2025-05-02", "close": 51.861816, "volume": 263219, "typical_volume": 348766.4, "trend": 49.105421, "fair_value": 42.224159, "relative_strength": 4.203829, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.7174, "energy": 74.916791, "activity_lines": [ 50.974329, 50.455498, 49.838328, 49.480516 ] }, { "date": "2025-05-09", "close": 52.371861, "volume": 240539, "typical_volume": 349266.15, "trend": 49.236739, "fair_value": 42.319787, "relative_strength": 3.777072, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.523171, "energy": 85.774543, "activity_lines": [ 51.598628, 50.850395, 50.133788, 49.691254 ] }, { "date": "2025-05-16", "close": 52.545277, "volume": 309059, "typical_volume": 359395.2, "trend": 49.344931, "fair_value": 42.416768, "relative_strength": 1.599257, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.14265, "energy": 85.658213, "activity_lines": [ 52.076714, 51.234739, 50.424554, 49.904708 ] }, { "date": "2025-05-23", "close": 53.004326, "volume": 192488, "typical_volume": 360015.05, "trend": 49.494979, "fair_value": 42.512399, "relative_strength": 2.769146, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.636897, "energy": 87.781517, "activity_lines": [ 52.488154, 51.660447, 50.737773, 50.140798 ] }, { "date": "2025-05-30", "close": 53.881611, "volume": 241307, "typical_volume": 345191.6, "trend": 49.682672, "fair_value": 42.613773, "relative_strength": 3.179626, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.644624, "energy": 92.057369, "activity_lines": [ 53.044449, 52.181383, 51.112202, 50.423806 ] }, { "date": "2025-06-06", "close": 53.208344, "volume": 268216, "typical_volume": 348146.65, "trend": 49.836495, "fair_value": 42.716033, "relative_strength": 0.882159, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.41153, "energy": 80.924232, "activity_lines": [ 53.202904, 52.50392, 51.391451, 50.651269 ] }, { "date": "2025-06-13", "close": 53.718395, "volume": 233523, "typical_volume": 349804.4, "trend": 50.021437, "fair_value": 42.830937, "relative_strength": 1.522083, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.253723, "energy": 81.357826, "activity_lines": [ 53.441608, 52.861696, 51.692776, 50.901714 ] }, { "date": "2025-06-20", "close": 53.677593, "volume": 220452, "typical_volume": 351096.9, "trend": 50.186868, "fair_value": 42.940257, "relative_strength": 1.43465, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.103072, "energy": 71.139228, "activity_lines": [ 53.576942, 53.13193, 51.964908, 51.137595 ] }, { "date": "2025-06-27", "close": 54.013901, "volume": 249764, "typical_volume": 351980.95, "trend": 50.346366, "fair_value": 43.052589, "relative_strength": 1.294181, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.545751, "energy": 63.463643, "activity_lines": [ 53.748891, 53.382816, 52.245068, 51.384501 ] }, { "date": "2025-07-04", "close": 54.598442, "volume": 230448, "typical_volume": 356291.0, "trend": 50.51056, "fair_value": 43.164833, "relative_strength": 1.00792, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.822001, "energy": 72.035224, "activity_lines": [ 54.048382, 53.681379, 52.556696, 51.658828 ] }, { "date": "2025-07-11", "close": 54.762527, "volume": 313190, "typical_volume": 363815.65, "trend": 50.705769, "fair_value": 43.282087, "relative_strength": 1.37872, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.551664, "energy": 81.708799, "activity_lines": [ 54.354779, 53.949446, 52.857594, 51.933148 ] }, { "date": "2025-07-18", "close": 55.02916, "volume": 321167, "typical_volume": 368803.3, "trend": 50.942807, "fair_value": 43.397457, "relative_strength": 0.777537, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.527907, "energy": 89.141585, "activity_lines": [ 54.646442, 54.213252, 53.156649, 52.212077 ] }, { "date": "2025-07-25", "close": 55.582943, "volume": 234003, "typical_volume": 357266.45, "trend": 51.192925, "fair_value": 43.512115, "relative_strength": 1.112517, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.458102, "energy": 92.934445, "activity_lines": [ 55.035315, 54.529431, 53.48477, 52.511441 ] }, { "date": "2025-08-01", "close": 54.834312, "volume": 232562, "typical_volume": 354268.05, "trend": 51.410313, "fair_value": 43.622279, "relative_strength": 1.527727, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.584659, "energy": 83.759062, "activity_lines": [ 55.047621, 54.654265, 53.716102, 52.746369 ] }, { "date": "2025-08-08", "close": 55.285542, "volume": 167791, "typical_volume": 353090.85, "trend": 51.674524, "fair_value": 43.730404, "relative_strength": -0.31162, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.291115, "energy": 73.460389, "activity_lines": [ 55.155642, 54.827869, 53.964859, 52.996384 ] }, { "date": "2025-08-15", "close": 55.808556, "volume": 136751, "typical_volume": 327225.6, "trend": 51.946702, "fair_value": 43.839751, "relative_strength": 0.124747, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.19103, "energy": 70.818682, "activity_lines": [ 55.392195, 55.07104, 54.23684, 53.263095 ] }, { "date": "2025-08-22", "close": 56.393097, "volume": 203251, "typical_volume": 279449.45, "trend": 52.213006, "fair_value": 43.959724, "relative_strength": -0.325297, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.887154, "energy": 72.084254, "activity_lines": [ 55.75386, 55.373214, 54.537052, 53.549959 ] }, { "date": "2025-08-29", "close": 56.177738, "volume": 185761, "typical_volume": 244742.85, "trend": 52.464355, "fair_value": 44.081057, "relative_strength": -1.454779, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.889061, "energy": 70.789656, "activity_lines": [ 55.952809, 55.587602, 54.783031, 53.805749 ] }, { "date": "2025-09-05", "close": 56.793049, "volume": 145304, "typical_volume": 237189.45, "trend": 52.726409, "fair_value": 44.201585, "relative_strength": -1.932748, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.294351, "energy": 83.411229, "activity_lines": [ 56.317209, 55.868407, 55.054623, 54.085019 ] }, { "date": "2025-09-12", "close": 56.690495, "volume": 187298, "typical_volume": 228804.65, "trend": 52.980649, "fair_value": 44.325109, "relative_strength": -2.770466, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.223692, "energy": 79.292005, "activity_lines": [ 56.516842, 56.080035, 55.287866, 54.340767 ] }, { "date": "2025-09-19", "close": 56.72126, "volume": 156451, "typical_volume": 223466.25, "trend": 53.236591, "fair_value": 44.45638, "relative_strength": -4.190215, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.733833, "energy": 68.011537, "activity_lines": [ 56.633067, 56.25922, 55.498277, 54.582096 ] }, { "date": "2025-09-26", "close": 56.557182, "volume": 187491, "typical_volume": 220813.85, "trend": 53.453252, "fair_value": 44.589218, "relative_strength": -4.324962, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.170392, "energy": 65.913903, "activity_lines": [ 56.633751, 56.37296, 55.669921, 54.796328 ] }, { "date": "2025-10-03", "close": 57.40239, "volume": 181437, "typical_volume": 214432.75, "trend": 53.69234, "fair_value": 44.731275, "relative_strength": -5.061175, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.067723, "energy": 70.450762, "activity_lines": [ 56.905233, 56.612591, 55.902131, 55.051111 ] }, { "date": "2025-10-10", "close": 57.031326, "volume": 231024, "typical_volume": 216359.55, "trend": 53.944416, "fair_value": 44.872118, "relative_strength": -3.649162, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.031341, "energy": 64.326989, "activity_lines": [ 56.971383, 56.751676, 56.075872, 55.26653 ] }, { "date": "2025-10-17", "close": 57.649773, "volume": 192103, "typical_volume": 213899.35, "trend": 54.209332, "fair_value": 45.01288, "relative_strength": -3.370761, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.318473, "energy": 67.383397, "activity_lines": [ 57.227798, 56.963259, 56.289337, 55.505585 ] }, { "date": "2025-10-24", "close": 58.000225, "volume": 219205, "typical_volume": 211448.8, "trend": 54.474471, "fair_value": 45.146385, "relative_strength": -3.49953, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.847651, "energy": 69.650107, "activity_lines": [ 57.537077, 57.195575, 56.518234, 55.750159 ] }, { "date": "2025-10-31", "close": 57.258087, "volume": 228141, "typical_volume": 211179.7, "trend": 54.739355, "fair_value": 45.277709, "relative_strength": -4.353172, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.734272, "energy": 58.404151, "activity_lines": [ 57.513713, 57.253109, 56.653633, 55.929747 ] }, { "date": "2025-11-07", "close": 57.443623, "volume": 248226, "typical_volume": 212568.4, "trend": 55.012464, "fair_value": 45.406053, "relative_strength": -2.885409, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.981298, "energy": 55.530725, "activity_lines": [ 57.505467, 57.328649, 56.789847, 56.104216 ] }, { "date": "2025-11-14", "close": 58.989746, "volume": 249380, "typical_volume": 212549.2, "trend": 55.285765, "fair_value": 45.541917, "relative_strength": -1.643407, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.80452, "energy": 65.300577, "activity_lines": [ 58.009847, 57.662286, 57.055377, 56.360815 ] }, { "date": "2025-11-21", "close": 59.061897, "volume": 249956, "typical_volume": 213524.6, "trend": 55.54515, "fair_value": 45.673217, "relative_strength": -1.023793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.547247, "energy": 66.645975, "activity_lines": [ 58.407716, 57.969102, 57.304084, 56.604436 ] }, { "date": "2025-11-28", "close": 59.958649, "volume": 430240, "typical_volume": 219377.1, "trend": 55.815044, "fair_value": 45.807935, "relative_strength": -3.425534, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.521064, "energy": 88.171087, "activity_lines": [ 59.01036, 58.395847, 57.616941, 56.889178 ] }, { "date": "2025-12-05", "close": 59.329895, "volume": 298584, "typical_volume": 218247.95, "trend": 56.046979, "fair_value": 45.940033, "relative_strength": -4.184422, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.774517, "energy": 85.561016, "activity_lines": [ 59.272858, 58.649411, 57.845174, 57.115942 ] }, { "date": "2025-12-12", "close": 59.268047, "volume": 245152, "typical_volume": 218805.4, "trend": 56.271071, "fair_value": 46.075352, "relative_strength": -4.889082, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.781121, "energy": 80.839744, "activity_lines": [ 59.37662, 58.841318, 58.047037, 57.323753 ] }, { "date": "2025-12-19", "close": 59.721577, "volume": 304060, "typical_volume": 222380.3, "trend": 56.494979, "fair_value": 46.2137, "relative_strength": -4.788262, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.631432, "energy": 74.49395, "activity_lines": [ 59.50993, 59.081763, 58.274544, 57.546367 ] }, { "date": "2025-12-26", "close": 59.948341, "volume": 154817, "typical_volume": 221731.6, "trend": 56.697204, "fair_value": 46.354613, "relative_strength": -5.094907, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.245561, "energy": 64.648472, "activity_lines": [ 59.67004, 59.314525, 58.500376, 57.769164 ] }, { "date": "2026-01-02", "close": 57.678638, "volume": 210792, "typical_volume": 225433.65, "trend": 56.846214, "fair_value": 46.475484, "relative_strength": -8.249455, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.904148, "energy": 37.073341, "activity_lines": [ 59.014485, 59.092821, 58.487842, 57.832482 ] }, { "date": "2026-01-09", "close": 58.27573, "volume": 395900, "typical_volume": 235066.1, "trend": 56.998125, "fair_value": 46.595552, "relative_strength": -9.262371, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.907947, "energy": 27.663422, "activity_lines": [ 58.709962, 58.985527, 58.523268, 57.924709 ] }, { "date": "2026-01-16", "close": 58.216019, "volume": 455500, "typical_volume": 248553.05, "trend": 57.149406, "fair_value": 46.71493, "relative_strength": -10.40744, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.753223, "energy": 23.408939, "activity_lines": [ 58.455813, 58.848873, 58.544043, 58.003283 ] }, { "date": "2026-01-23", "close": 58.20607, "volume": 414100, "typical_volume": 261992.85, "trend": 57.289145, "fair_value": 46.833379, "relative_strength": -10.578598, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.73044, "energy": 26.495122, "activity_lines": [ 58.268482, 58.696367, 58.554164, 58.071455 ] }, { "date": "2026-01-30", "close": 56.633736, "volume": 528300, "typical_volume": 279042.95, "trend": 57.356988, "fair_value": 46.941996, "relative_strength": -9.549148, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.159094, "energy": 24.937408, "activity_lines": [ 57.658074, 58.27223, 58.407811, 58.029171 ] }, { "date": "2026-02-06", "close": 57.827911, "volume": 357700, "typical_volume": 289105.4, "trend": 57.459167, "fair_value": 47.059194, "relative_strength": -9.072331, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.233842, "energy": 19.486117, "activity_lines": [ 57.666698, 58.109365, 58.375459, 58.059553 ] }, { "date": "2026-02-13", "close": 58.355339, "volume": 319200, "typical_volume": 295690.85, "trend": 57.57004, "fair_value": 47.176502, "relative_strength": -9.772535, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.976224, "energy": 17.072139, "activity_lines": [ 57.84118, 58.081136, 58.388068, 58.11737 ] }, { "date": "2026-02-20", "close": 59.022087, "volume": 206700, "typical_volume": 296954.0, "trend": 57.684678, "fair_value": 47.300059, "relative_strength": -10.568572, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.610883, "energy": 18.330566, "activity_lines": [ 58.232604, 58.191854, 58.455614, 58.211051 ] }, { "date": "2026-02-27", "close": 60.126698, "volume": 266700, "typical_volume": 298737.8, "trend": 57.861091, "fair_value": 47.430758, "relative_strength": -10.085826, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.09874, "energy": 39.056611, "activity_lines": [ 58.938494, 58.507882, 58.620648, 58.3686 ] }, { "date": "2026-03-06", "close": 58.932526, "volume": 358200, "typical_volume": 307042.65, "trend": 57.982657, "fair_value": 47.559913, "relative_strength": -8.300988, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.634791, "energy": 35.075193, "activity_lines": [ 59.118285, 58.599422, 58.657212, 58.437725 ] }, { "date": "2026-03-13", "close": 58.753399, "volume": 266800, "typical_volume": 309422.4, "trend": 58.080818, "fair_value": 47.684217, "relative_strength": -6.864667, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 50.045981, "energy": 36.317037, "activity_lines": [ 59.085114, 58.676862, 58.670608, 58.487451 ] }, { "date": "2026-03-20", "close": 57.101456, "volume": 307900, "typical_volume": 313410.35, "trend": 58.10443, "fair_value": 47.797252, "relative_strength": -5.787792, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.664676, "energy": 8.22443, "activity_lines": [ 58.439596, 58.434409, 58.52309, 58.424266 ] }, { "date": "2026-03-27", "close": 57.399998, "volume": 192800, "typical_volume": 310639.05, "trend": 58.145172, "fair_value": 47.905072, "relative_strength": -6.993156, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.182064, "energy": 16.454954, "activity_lines": [ 57.977184, 58.267586, 58.40475, 58.378819 ] }, { "date": "2026-04-03", "close": 59.07, "volume": 219800, "typical_volume": 309160.05, "trend": 58.221071, "fair_value": 48.020241, "relative_strength": -7.288801, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.544364, "energy": 11.312857, "activity_lines": [ 58.179579, 58.419236, 58.445665, 58.438485 ] }, { "date": "2026-04-10", "close": 59.16, "volume": 165200, "typical_volume": 304922.25, "trend": 58.303387, "fair_value": 48.134248, "relative_strength": -8.462824, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.520774, "energy": 14.900727, "activity_lines": [ 58.48242, 58.571543, 58.49477, 58.499061 ] }, { "date": "2026-04-17", "close": 59.48, "volume": 297300, "typical_volume": 298275.25, "trend": 58.395345, "fair_value": 48.247882, "relative_strength": -9.37669, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.47336, "energy": 29.163495, "activity_lines": [ 58.876763, 58.736099, 58.573884, 58.574972 ] }, { "date": "2026-04-24", "close": 59.099998, "volume": 147800, "typical_volume": 290736.05, "trend": 58.480106, "fair_value": 48.359142, "relative_strength": -8.475366, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.335666, "energy": 29.58419, "activity_lines": [ 59.095999, 58.801526, 58.619086, 58.620433 ] }, { "date": "2026-05-01", "close": 58.765121, "volume": 220000, "typical_volume": 289478.45, "trend": 58.52553, "fair_value": 48.469934, "relative_strength": -8.64762, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.661178, "energy": 32.302938, "activity_lines": [ 59.070373, 58.792526, 58.63349, 58.638821 ] }, { "date": "2026-05-08", "close": 58.804943, "volume": 191500, "typical_volume": 283850.45, "trend": 58.584651, "fair_value": 48.580546, "relative_strength": -8.77228, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.788717, "energy": 30.269391, "activity_lines": [ 58.967013, 58.79544, 58.654081, 58.656848 ] }, { "date": "2026-05-15", "close": 58.307186, "volume": 204500, "typical_volume": 286334.6, "trend": 58.606565, "fair_value": 48.689521, "relative_strength": -8.612513, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.445721, "energy": 6.412223, "activity_lines": [ 58.715404, 58.731884, 58.631632, 58.638947 ] }, { "date": "2026-05-22", "close": 59.760635, "volume": 185200, "typical_volume": 285055.0, "trend": 58.665245, "fair_value": 48.812784, "relative_strength": -7.77228, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.2656, "energy": 23.399314, "activity_lines": [ 59.005133, 58.943961, 58.755422, 58.713403 ] }, { "date": "2026-05-29", "close": 59.601353, "volume": 163600, "typical_volume": 273440.0, "trend": 58.743354, "fair_value": 48.935088, "relative_strength": -8.483313, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.39991, "energy": 27.810083, "activity_lines": [ 59.223058, 59.108765, 58.854128, 58.773797 ] }, { "date": "2026-06-05", "close": 60.089157, "volume": 66000, "typical_volume": 253965.0, "trend": 58.831538, "fair_value": 49.065055, "relative_strength": -6.524512, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.190861, "energy": 49.647425, "activity_lines": [ 59.570161, 59.316807, 58.992979, 58.860623 ] }, { "date": "2026-06-12", "close": 60.66655, "volume": 36200, "typical_volume": 235070.0, "trend": 58.887432, "fair_value": 49.1986, "relative_strength": -6.7641, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.649242, "energy": 68.772981, "activity_lines": [ 60.02146, 59.580936, 59.1779, 58.979011 ] }, { "date": "2026-06-19", "close": 61.064758, "volume": 27400, "typical_volume": 210025.0, "trend": 58.954194, "fair_value": 49.339109, "relative_strength": -5.963917, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.121592, "energy": 78.490451, "activity_lines": [ 60.481387, 59.888439, 59.389028, 59.119483 ] }, { "date": "2026-06-26", "close": 62.120003, "volume": 48000, "typical_volume": 194540.0, "trend": 59.026239, "fair_value": 49.476836, "relative_strength": -4.123323, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.180605, "energy": 89.131824, "activity_lines": [ 61.109224, 60.353172, 59.679557, 59.323729 ] }, { "date": "2026-07-03", "close": 61.779999, "volume": 23200, "typical_volume": 179740.0, "trend": 59.107909, "fair_value": 49.616951, "relative_strength": -5.10953, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.213128, "energy": 90.181534, "activity_lines": [ 61.466436, 60.708086, 59.917265, 59.501391 ] }, { "date": "2026-07-10", "close": 61.73, "volume": 327500, "typical_volume": 185780.0, "trend": 59.189974, "fair_value": 49.752553, "relative_strength": -5.067294, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.701186, "energy": 87.890283, "activity_lines": [ 61.661738, 61.005183, 60.133904, 59.670558 ] }, { "date": "2026-07-17", "close": 62.400002, "volume": 215600, "typical_volume": 183225.0, "trend": 59.279255, "fair_value": 49.890448, "relative_strength": -3.677673, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.234798, "energy": 90.813054, "activity_lines": [ 61.970985, 61.37019, 60.401458, 59.877657 ] }, { "date": "2026-07-24", "close": 61.950001, "volume": 282100, "typical_volume": 179420.0, "trend": 59.345977, "fair_value": 50.028462, "relative_strength": -4.386422, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.50961, "energy": 76.177176, "activity_lines": [ 62.014668, 61.588015, 60.615329, 60.049963 ] }, { "date": "2026-07-31", "close": 61.84, "volume": 218100, "typical_volume": 176985.0, "trend": 59.484689, "fair_value": 50.170651, "relative_strength": -3.892451, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.848584, "energy": 58.071989, "activity_lines": [ 61.962667, 61.719607, 60.804355, 60.210868 ] }, { "date": "2026-08-07", "close": 61.75, "volume": 184900, "typical_volume": 170835.0, "trend": 59.600498, "fair_value": 50.309698, "relative_strength": -6.790439, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.900077, "energy": 52.158087, "activity_lines": [ 61.899334, 61.797028, 60.970111, 60.357017 ] } ], "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." } } }