{ "ticker": { "uuid": "14fd643f-bcab-480a-9df0-8c23da7c162d", "symbol": "XHC", "name": "iShares Global Healthcare Index ETF (CAD-Hedged)", "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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 54.93, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "up", "architecture_direction": 72.399, "architecture_energy": 54.014, "architecture_maturity": 19.136, "architecture_confidence": 66.547, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 25.06, "rotation_up": 66.26, "upward_expansion": 80.71, "deceleration": 59.05, "rotation_down": 14.89, "downward_expansion": 7.37 }, "activity_lines": [ 72.627333, 72.039493, 70.217577, 69.646207 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 73.610001, "trend_reference": 69.54675, "distance_from_trend": 0.058425, "trend_direction": "Improving", "fair_value": 66.338272, "distance_from_fair_value": 0.109616, "fair_value_direction": "Improving", "relative_strength": -4.407177, "relative_strength_direction": "Improving", "price_momentum": 0.02151, "excess_performance": -0.098911, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.058425, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.005939, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.109616, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.11778, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.044072, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.084655, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.02151, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.467626, "read": "Demand-led" } ], "volume": { "latest": 23600, "relative_activity": 0.96761, "balance": 1.467626, "dry_up": 1.52419, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.029957, "annualized_volatility": 0.177056, "from_high_reference": -0.014855, "from_low_reference": 0.22465 }, "levels": { "trend_reference": 69.54675, "fair_value_reference": 66.338272, "structural_low": 64.59766, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 7, "median_return": -0.011865, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": 0.00882, "regime_survival": 0.142857, "best_return": 0.048223, "worst_return": -0.099543, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.002262, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.019996, "regime_survival": 0.0, "best_return": 0.111633, "worst_return": -0.090403, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.016416, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.002111, "regime_survival": 0.0, "best_return": 0.103945, "worst_return": -0.107852, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.010102, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.025596, "regime_survival": 0.0, "best_return": 0.028247, "worst_return": -0.014698, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-15", "end": "2024-12-13", "tenure": "Developing", "return": -0.001154, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-20", "end": "2025-02-28", "tenure": "Developing", "return": 0.080676, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-07", "end": "2025-03-14", "tenure": "New", "return": -0.02842, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-03-28", "tenure": "New", "return": -0.013271, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": 0.003489, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-08-15", "tenure": "Established", "return": 0.016561, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-22", "end": "2025-09-12", "tenure": "New", "return": -0.002948, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-19", "end": "2025-10-10", "tenure": "New", "return": 0.038986, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-17", "end": "2026-03-13", "tenure": "Established", "return": 0.030731, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": -0.000304, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.0121, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-24", "end": "2026-05-01", "tenure": "New", "return": 0.000604, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-08", "end": "2026-06-26", "tenure": "Developing", "return": 0.101811, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": -0.004328, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 61.802158, "volume": 11500, "typical_volume": 13180.0, "trend": 60.988152, "fair_value": 59.092273, "relative_strength": 2.836986, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.070984, "energy": 37.944135, "activity_lines": [ 62.048939, 61.762979, 61.635909, 61.38011 ] }, { "date": "2023-08-25", "close": 61.996021, "volume": 4600, "typical_volume": 12320.0, "trend": 61.031951, "fair_value": 59.1557, "relative_strength": 2.94759, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.273071, "energy": 25.406629, "activity_lines": [ 61.992324, 61.834254, 61.662493, 61.445134 ] }, { "date": "2023-09-01", "close": 62.17141, "volume": 7700, "typical_volume": 11720.0, "trend": 61.086492, "fair_value": 59.225614, "relative_strength": -0.367879, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.288285, "energy": 34.018681, "activity_lines": [ 62.05325, 61.929889, 61.70547, 61.518647 ] }, { "date": "2023-09-08", "close": 61.645237, "volume": 12600, "typical_volume": 11805.0, "trend": 61.113395, "fair_value": 59.292513, "relative_strength": 1.063242, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.992016, "energy": 20.367436, "activity_lines": [ 61.949862, 61.917133, 61.699681, 61.554695 ] }, { "date": "2023-09-15", "close": 61.986786, "volume": 50100, "typical_volume": 13310.0, "trend": 61.163925, "fair_value": 59.357609, "relative_strength": -1.089227, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.842339, "energy": 18.323045, "activity_lines": [ 61.921554, 61.968492, 61.731366, 61.611043 ] }, { "date": "2023-09-22", "close": 60.860596, "volume": 18200, "typical_volume": 13700.0, "trend": 61.221906, "fair_value": 59.421266, "relative_strength": 1.215148, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.587874, "energy": 9.312451, "activity_lines": [ 61.568312, 61.7738, 61.656315, 61.591474 ] }, { "date": "2023-09-29", "close": 60.288258, "volume": 8300, "typical_volume": 13195.0, "trend": 61.253464, "fair_value": 59.479943, "relative_strength": 1.438176, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.851715, "energy": 19.576898, "activity_lines": [ 61.087061, 61.471858, 61.534038, 61.531238 ] }, { "date": "2023-10-06", "close": 60.879047, "volume": 7800, "typical_volume": 13230.0, "trend": 61.378169, "fair_value": 59.534303, "relative_strength": 3.918585, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.773701, "energy": 30.450681, "activity_lines": [ 60.916591, 61.324495, 61.476941, 61.507082 ] }, { "date": "2023-10-13", "close": 60.971367, "volume": 9100, "typical_volume": 13325.0, "trend": 61.480854, "fair_value": 59.590983, "relative_strength": 2.88629, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.019628, "energy": 45.171396, "activity_lines": [ 60.863052, 61.220436, 61.433688, 61.480837 ] }, { "date": "2023-10-20", "close": 59.595932, "volume": 10600, "typical_volume": 13430.0, "trend": 61.502188, "fair_value": 59.642183, "relative_strength": 2.352205, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.268547, "energy": 66.62011, "activity_lines": [ 60.395959, 60.867976, 61.25649, 61.359229 ] }, { "date": "2023-10-27", "close": 57.278923, "volume": 10600, "typical_volume": 12300.0, "trend": 61.40038, "fair_value": 59.696347, "relative_strength": 0.377513, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.112135, "energy": 83.138684, "activity_lines": [ 59.31592, 60.151475, 60.866813, 61.08676 ] }, { "date": "2023-11-03", "close": 59.226688, "volume": 10500, "typical_volume": 12400.0, "trend": 61.310244, "fair_value": 59.736778, "relative_strength": -1.852561, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.940168, "energy": 73.444686, "activity_lines": [ 59.123914, 59.871353, 60.680242, 60.946522 ] }, { "date": "2023-11-10", "close": 58.700512, "volume": 15200, "typical_volume": 12435.0, "trend": 61.185123, "fair_value": 59.766269, "relative_strength": -1.874226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.64973, "energy": 77.918927, "activity_lines": [ 58.827287, 59.545914, 60.454774, 60.778152 ] }, { "date": "2023-11-17", "close": 59.660545, "volume": 8100, "typical_volume": 12490.0, "trend": 61.084352, "fair_value": 59.811031, "relative_strength": -2.789201, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.709741, "energy": 69.258363, "activity_lines": [ 58.995908, 59.458134, 60.333935, 60.679793 ] }, { "date": "2023-11-24", "close": 60.915974, "volume": 7200, "typical_volume": 12365.0, "trend": 61.045016, "fair_value": 59.861338, "relative_strength": -0.376014, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.812167, "energy": 26.627651, "activity_lines": [ 59.670392, 59.6347, 60.342638, 60.668929 ] }, { "date": "2023-12-01", "close": 60.842136, "volume": 13100, "typical_volume": 12645.0, "trend": 60.993426, "fair_value": 59.905868, "relative_strength": -2.133635, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.496934, "energy": 18.098288, "activity_lines": [ 60.232262, 59.817309, 60.338594, 60.65584 ] }, { "date": "2023-12-08", "close": 60.925205, "volume": 14000, "typical_volume": 12690.0, "trend": 60.952255, "fair_value": 59.953791, "relative_strength": -1.324825, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.590403, "energy": 21.337268, "activity_lines": [ 60.584273, 60.015357, 60.341715, 60.651439 ] }, { "date": "2023-12-15", "close": 61.52523, "volume": 12800, "typical_volume": 12615.0, "trend": 60.938431, "fair_value": 60.001985, "relative_strength": -1.210287, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 12.325706, "energy": 23.539393, "activity_lines": [ 61.023058, 60.310921, 60.4113, 60.688405 ] }, { "date": "2023-12-22", "close": 62.11602, "volume": 12300, "typical_volume": 12830.0, "trend": 60.997248, "fair_value": 60.058018, "relative_strength": -1.829358, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.02144, "energy": 32.5944, "activity_lines": [ 61.470459, 60.702151, 60.541019, 60.764379 ] }, { "date": "2023-12-29", "close": 62.70546, "volume": 11000, "typical_volume": 12765.0, "trend": 61.043576, "fair_value": 60.112095, "relative_strength": -1.153081, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.432995, "energy": 50.51592, "activity_lines": [ 61.950641, 61.179741, 60.721864, 60.874586 ] }, { "date": "2024-01-05", "close": 64.200462, "volume": 21500, "typical_volume": 13265.0, "trend": 61.151062, "fair_value": 60.166178, "relative_strength": 1.331841, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.463453, "energy": 68.98705, "activity_lines": [ 62.809858, 61.872612, 61.045272, 61.078256 ] }, { "date": "2024-01-12", "close": 64.821037, "volume": 32500, "typical_volume": 14660.0, "trend": 61.259034, "fair_value": 60.22406, "relative_strength": 2.015231, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 85.690846, "energy": 87.184908, "activity_lines": [ 63.652046, 62.552469, 61.416362, 61.315029 ] }, { "date": "2024-01-19", "close": 64.200462, "volume": 24200, "typical_volume": 15485.0, "trend": 61.349993, "fair_value": 60.274731, "relative_strength": 1.397124, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.468848, "energy": 84.434995, "activity_lines": [ 64.027652, 63.017779, 61.714897, 61.504798 ] }, { "date": "2024-01-26", "close": 64.209862, "volume": 21900, "typical_volume": 15950.0, "trend": 61.431788, "fair_value": 60.33498, "relative_strength": 0.291547, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.291098, "energy": 84.404314, "activity_lines": [ 64.228044, 63.384799, 62.004666, 61.689306 ] }, { "date": "2024-02-02", "close": 65.027885, "volume": 26200, "typical_volume": 14755.0, "trend": 61.608853, "fair_value": 60.398019, "relative_strength": 1.65461, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.868019, "energy": 89.144339, "activity_lines": [ 64.56152, 63.817835, 62.360129, 61.921312 ] }, { "date": "2024-02-09", "close": 65.808296, "volume": 44400, "typical_volume": 16065.0, "trend": 61.779623, "fair_value": 60.461212, "relative_strength": 3.126139, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.952184, "energy": 90.13941, "activity_lines": [ 65.000304, 64.318003, 62.775435, 62.192244 ] }, { "date": "2024-02-16", "close": 66.616913, "volume": 36400, "typical_volume": 17470.0, "trend": 61.904113, "fair_value": 60.538087, "relative_strength": 3.063428, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.618267, "energy": 91.206215, "activity_lines": [ 65.601439, 64.874898, 63.244192, 62.504327 ] }, { "date": "2024-02-23", "close": 67.575966, "volume": 31500, "typical_volume": 18655.0, "trend": 62.078727, "fair_value": 60.629491, "relative_strength": 3.625822, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.707264, "energy": 93.583565, "activity_lines": [ 66.402533, 65.50268, 63.774151, 62.870253 ] }, { "date": "2024-03-01", "close": 67.115242, "volume": 55200, "typical_volume": 20960.0, "trend": 62.280445, "fair_value": 60.716983, "relative_strength": 2.105762, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.670371, "energy": 87.402354, "activity_lines": [ 66.825019, 65.936681, 64.228341, 63.195189 ] }, { "date": "2024-03-08", "close": 67.510147, "volume": 23300, "typical_volume": 21595.0, "trend": 62.439326, "fair_value": 60.802039, "relative_strength": 1.693295, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.24989, "energy": 82.594037, "activity_lines": [ 67.185448, 66.351588, 64.690885, 63.53259 ] }, { "date": "2024-03-15", "close": 67.040031, "volume": 26900, "typical_volume": 22410.0, "trend": 62.613922, "fair_value": 60.880968, "relative_strength": 0.416804, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.572982, "energy": 71.669308, "activity_lines": [ 67.223688, 66.593661, 65.070969, 63.829409 ] }, { "date": "2024-03-22", "close": 67.246872, "volume": 28400, "typical_volume": 23305.0, "trend": 62.78895, "fair_value": 60.956375, "relative_strength": 0.086024, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.27254, "energy": 64.052696, "activity_lines": [ 67.248758, 66.821714, 65.424271, 64.128309 ] }, { "date": "2024-03-29", "close": 68.168335, "volume": 15500, "typical_volume": 23320.0, "trend": 62.988848, "fair_value": 61.037809, "relative_strength": 0.573798, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.261653, "energy": 67.158888, "activity_lines": [ 67.538986, 67.173199, 65.827139, 64.475366 ] }, { "date": "2024-04-05", "close": 66.193802, "volume": 34600, "typical_volume": 24645.0, "trend": 63.140466, "fair_value": 61.103353, "relative_strength": -2.709523, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.560306, "energy": 52.9599, "activity_lines": [ 67.131545, 67.093535, 65.996873, 64.682138 ] }, { "date": "2024-04-12", "close": 64.46373, "volume": 26400, "typical_volume": 25605.0, "trend": 63.223031, "fair_value": 61.149248, "relative_strength": -3.620525, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.04478, "energy": 29.620644, "activity_lines": [ 66.208843, 66.66324, 65.970726, 64.767509 ] }, { "date": "2024-04-19", "close": 64.45433, "volume": 23000, "typical_volume": 26100.0, "trend": 63.342822, "fair_value": 61.190294, "relative_strength": -3.180533, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.759734, "energy": 22.917275, "activity_lines": [ 65.486101, 66.241494, 65.926791, 64.846948 ] }, { "date": "2024-04-26", "close": 65.56382, "volume": 16900, "typical_volume": 26245.0, "trend": 63.518674, "fair_value": 61.245755, "relative_strength": -2.224048, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.774847, "energy": 27.908637, "activity_lines": [ 65.30557, 66.046091, 65.97132, 64.990238 ] }, { "date": "2024-05-03", "close": 65.667252, "volume": 15900, "typical_volume": 26400.0, "trend": 63.678281, "fair_value": 61.295593, "relative_strength": -1.944633, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.53374, "energy": 22.558585, "activity_lines": [ 65.271719, 65.888641, 66.003611, 65.128856 ] }, { "date": "2024-05-10", "close": 67.152855, "volume": 29200, "typical_volume": 27245.0, "trend": 63.884331, "fair_value": 61.355135, "relative_strength": -1.330022, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.655996, "energy": 18.139924, "activity_lines": [ 65.899809, 66.036004, 66.157664, 65.353022 ] }, { "date": "2024-05-17", "close": 68.20594, "volume": 18900, "typical_volume": 27640.0, "trend": 64.171331, "fair_value": 61.418135, "relative_strength": -0.476108, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.240634, "energy": 42.848064, "activity_lines": [ 66.81499, 66.374154, 66.388026, 65.631836 ] }, { "date": "2024-05-24", "close": 67.538353, "volume": 23700, "typical_volume": 27750.0, "trend": 64.513312, "fair_value": 61.478411, "relative_strength": -0.809829, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.457449, "energy": 61.58635, "activity_lines": [ 67.258161, 66.578273, 66.528616, 65.849063 ] }, { "date": "2024-05-31", "close": 66.88958, "volume": 29400, "typical_volume": 27595.0, "trend": 64.768742, "fair_value": 61.537103, "relative_strength": -1.497922, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.275255, "energy": 60.138611, "activity_lines": [ 67.279473, 66.655374, 66.591523, 66.002371 ] }, { "date": "2024-06-07", "close": 68.770096, "volume": 35800, "typical_volume": 28175.0, "trend": 65.104395, "fair_value": 61.598272, "relative_strength": 2.438968, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.633253, "energy": 73.111002, "activity_lines": [ 67.83924, 67.080882, 66.823676, 66.260522 ] }, { "date": "2024-06-14", "close": 68.21534, "volume": 45100, "typical_volume": 29335.0, "trend": 65.389554, "fair_value": 61.656783, "relative_strength": 3.29492, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.857929, "energy": 60.318152, "activity_lines": [ 68.007231, 67.394585, 66.981236, 66.461229 ] }, { "date": "2024-06-21", "close": 68.572639, "volume": 67400, "typical_volume": 31395.0, "trend": 65.644777, "fair_value": 61.711852, "relative_strength": 4.231306, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.800819, "energy": 53.407222, "activity_lines": [ 68.22349, 67.736495, 67.15375, 66.666589 ] }, { "date": "2024-06-28", "close": 68.365852, "volume": 42300, "typical_volume": 31290.0, "trend": 65.895567, "fair_value": 61.760125, "relative_strength": 2.353158, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.754741, "energy": 56.871512, "activity_lines": [ 68.346374, 67.966101, 67.28969, 66.842142 ] }, { "date": "2024-07-05", "close": 68.035088, "volume": 16000, "typical_volume": 30270.0, "trend": 66.132563, "fair_value": 61.805435, "relative_strength": 0.965616, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.560511, "energy": 45.408343, "activity_lines": [ 68.303836, 68.064449, 67.381951, 66.980176 ] }, { "date": "2024-07-12", "close": 69.7929, "volume": 26100, "typical_volume": 30000.0, "trend": 66.408152, "fair_value": 61.862855, "relative_strength": 0.71444, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.215239, "energy": 61.052059, "activity_lines": [ 68.770868, 68.437468, 67.634869, 67.216327 ] }, { "date": "2024-07-19", "close": 69.235321, "volume": 22200, "typical_volume": 28350.0, "trend": 66.645462, "fair_value": 61.909245, "relative_strength": -0.158916, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.729309, "energy": 53.830399, "activity_lines": [ 68.983854, 68.634096, 67.824127, 67.398725 ] }, { "date": "2024-07-26", "close": 70.170929, "volume": 32200, "typical_volume": 28795.0, "trend": 66.894311, "fair_value": 61.961633, "relative_strength": 0.614665, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.622345, "energy": 68.397822, "activity_lines": [ 69.44071, 68.962972, 68.092395, 67.626174 ] }, { "date": "2024-08-02", "close": 70.19928, "volume": 27500, "typical_volume": 28825.0, "trend": 67.094272, "fair_value": 62.011377, "relative_strength": 3.223075, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.077177, "energy": 73.114438, "activity_lines": [ 69.800464, 69.261276, 68.350693, 67.839398 ] }, { "date": "2024-08-09", "close": 70.227631, "volume": 29400, "typical_volume": 28875.0, "trend": 67.274492, "fair_value": 62.056612, "relative_strength": 2.830118, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.379994, "energy": 65.375562, "activity_lines": [ 70.04744, 69.516354, 68.596646, 68.04155 ] }, { "date": "2024-08-16", "close": 71.673576, "volume": 19800, "typical_volume": 29090.0, "trend": 67.523595, "fair_value": 62.103541, "relative_strength": 1.569844, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.125396, "energy": 79.143574, "activity_lines": [ 70.630228, 69.973639, 68.966115, 68.325362 ] }, { "date": "2024-08-23", "close": 72.826553, "volume": 32800, "typical_volume": 29000.0, "trend": 67.810818, "fair_value": 62.162791, "relative_strength": 2.176453, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.57034, "energy": 87.392847, "activity_lines": [ 71.471963, 70.587766, 69.4287, 68.667488 ] }, { "date": "2024-08-30", "close": 73.592056, "volume": 22200, "typical_volume": 28790.0, "trend": 68.096291, "fair_value": 62.220635, "relative_strength": 2.903103, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.111324, "energy": 93.352993, "activity_lines": [ 72.329451, 71.257235, 69.932605, 69.040471 ] }, { "date": "2024-09-06", "close": 71.531822, "volume": 30200, "typical_volume": 29150.0, "trend": 68.287075, "fair_value": 62.276696, "relative_strength": 2.457595, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.194248, "energy": 84.12865, "activity_lines": [ 72.272118, 71.460853, 70.196829, 69.262118 ] }, { "date": "2024-09-13", "close": 72.287865, "volume": 109100, "typical_volume": 33760.0, "trend": 68.476107, "fair_value": 62.337363, "relative_strength": 0.043308, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.346717, "energy": 77.09566, "activity_lines": [ 72.377964, 71.744371, 70.499355, 69.520234 ] }, { "date": "2024-09-20", "close": 71.550713, "volume": 14600, "typical_volume": 33695.0, "trend": 68.608598, "fair_value": 62.393725, "relative_strength": -2.167655, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.446743, "energy": 54.133706, "activity_lines": [ 72.100744, 71.816539, 70.699656, 69.718596 ] }, { "date": "2024-09-27", "close": 70.851379, "volume": 21600, "typical_volume": 33315.0, "trend": 68.733136, "fair_value": 62.45793, "relative_strength": -3.407966, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.953829, "energy": 34.758341, "activity_lines": [ 71.598603, 71.729594, 70.805338, 69.863291 ] }, { "date": "2024-10-04", "close": 70.170929, "volume": 14300, "typical_volume": 33085.0, "trend": 68.821829, "fair_value": 62.519337, "relative_strength": -4.996608, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.586805, "energy": 23.010593, "activity_lines": [ 71.001323, 71.489548, 70.828603, 69.956052 ] }, { "date": "2024-10-11", "close": 71.144341, "volume": 22000, "typical_volume": 33000.0, "trend": 68.958639, "fair_value": 62.583375, "relative_strength": -4.757537, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.899412, "energy": 23.787548, "activity_lines": [ 70.95659, 71.426487, 70.935217, 70.105891 ] }, { "date": "2024-10-18", "close": 71.163246, "volume": 14500, "typical_volume": 32255.0, "trend": 69.089185, "fair_value": 62.639058, "relative_strength": -5.93189, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.36843, "energy": 22.697196, "activity_lines": [ 70.94399, 71.349679, 71.02646, 70.248124 ] }, { "date": "2024-10-25", "close": 69.254219, "volume": 16300, "typical_volume": 31280.0, "trend": 69.125381, "fair_value": 62.677152, "relative_strength": -6.980038, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.559917, "energy": 13.356236, "activity_lines": [ 70.370023, 70.908765, 70.91554, 70.258771 ] }, { "date": "2024-11-01", "close": 68.592674, "volume": 109700, "typical_volume": 34510.0, "trend": 69.205344, "fair_value": 62.711186, "relative_strength": -6.982864, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.345752, "energy": 21.672074, "activity_lines": [ 69.72864, 70.391558, 70.739311, 70.224403 ] }, { "date": "2024-11-08", "close": 69.046303, "volume": 21000, "typical_volume": 32190.0, "trend": 69.358096, "fair_value": 62.746624, "relative_strength": -8.159456, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.363243, "energy": 25.584117, "activity_lines": [ 69.389047, 70.033809, 70.604487, 70.214143 ] }, { "date": "2024-11-15", "close": 65.511765, "volume": 45900, "typical_volume": 32370.0, "trend": 69.393344, "fair_value": 62.761449, "relative_strength": -13.141696, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -53.512845, "energy": 70.16278, "activity_lines": [ 67.94625, 69.116066, 70.130785, 69.965992 ] }, { "date": "2024-11-22", "close": 66.702553, "volume": 67300, "typical_volume": 34935.0, "trend": 69.431302, "fair_value": 62.792806, "relative_strength": -13.2621, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.574715, "energy": 72.357994, "activity_lines": [ 67.275887, 68.524286, 69.784083, 69.792393 ] }, { "date": "2024-11-29", "close": 67.572006, "volume": 20900, "typical_volume": 34675.0, "trend": 69.494793, "fair_value": 62.832382, "relative_strength": -12.640275, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.649595, "energy": 67.537428, "activity_lines": [ 67.192721, 68.192139, 69.526531, 69.672438 ] }, { "date": "2024-12-06", "close": 66.768707, "volume": 26900, "typical_volume": 34910.0, "trend": 69.481989, "fair_value": 62.857009, "relative_strength": -13.606851, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.280171, "energy": 70.429648, "activity_lines": [ 66.953937, 67.786278, 69.20305, 69.496562 ] }, { "date": "2024-12-13", "close": 65.436157, "volume": 24000, "typical_volume": 34500.0, "trend": 69.389662, "fair_value": 62.864255, "relative_strength": -13.7074, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.177427, "energy": 76.922283, "activity_lines": [ 66.392567, 67.212366, 68.764405, 69.23554 ] }, { "date": "2024-12-20", "close": 63.631092, "volume": 24300, "typical_volume": 34340.0, "trend": 69.25942, "fair_value": 62.852113, "relative_strength": -13.570985, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.82854, "energy": 85.332343, "activity_lines": [ 65.470185, 66.396347, 68.176396, 68.86402 ] }, { "date": "2024-12-27", "close": 64.245392, "volume": 14000, "typical_volume": 33570.0, "trend": 69.171281, "fair_value": 62.855873, "relative_strength": -13.205892, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.985953, "energy": 86.183617, "activity_lines": [ 64.877948, 65.828623, 67.678168, 68.540534 ] }, { "date": "2025-01-03", "close": 64.262062, "volume": 28900, "typical_volume": 34025.0, "trend": 69.021013, "fair_value": 62.877246, "relative_strength": -13.863524, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.142766, "energy": 84.875297, "activity_lines": [ 64.455078, 65.38971, 67.210015, 68.22381 ] }, { "date": "2025-01-10", "close": 64.713295, "volume": 36300, "typical_volume": 34200.0, "trend": 68.904278, "fair_value": 62.904604, "relative_strength": -11.917108, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.834827, "energy": 78.584245, "activity_lines": [ 64.403283, 65.123605, 66.82013, 67.945893 ] }, { "date": "2025-01-17", "close": 64.78196, "volume": 41200, "typical_volume": 35150.0, "trend": 68.777922, "fair_value": 62.943373, "relative_strength": -12.603912, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.700471, "energy": 58.162035, "activity_lines": [ 64.511403, 64.940519, 66.475419, 67.679937 ] }, { "date": "2025-01-24", "close": 66.635956, "volume": 39600, "typical_volume": 35620.0, "trend": 68.720259, "fair_value": 62.993268, "relative_strength": -11.272605, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.377911, "energy": 40.274413, "activity_lines": [ 65.281135, 65.172057, 66.349231, 67.541745 ] }, { "date": "2025-01-31", "close": 67.852333, "volume": 25200, "typical_volume": 31425.0, "trend": 68.714167, "fair_value": 63.047458, "relative_strength": -9.630109, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.182942, "energy": 22.64389, "activity_lines": [ 66.256001, 65.604314, 66.362203, 67.48575 ] }, { "date": "2025-02-07", "close": 67.538429, "volume": 67700, "typical_volume": 34080.0, "trend": 68.639018, "fair_value": 63.104947, "relative_strength": -9.446349, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.864183, "energy": 25.928887, "activity_lines": [ 66.885771, 65.958593, 66.3664, 67.409896 ] }, { "date": "2025-02-14", "close": 66.832138, "volume": 23300, "typical_volume": 34165.0, "trend": 68.558912, "fair_value": 63.163277, "relative_strength": -10.233817, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.535907, "energy": 28.249842, "activity_lines": [ 67.061685, 66.185065, 66.322438, 67.293323 ] }, { "date": "2025-02-21", "close": 67.616905, "volume": 17300, "typical_volume": 34315.0, "trend": 68.473778, "fair_value": 63.216484, "relative_strength": -7.681796, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -0.489761, "energy": 21.188225, "activity_lines": [ 67.357932, 66.55307, 66.372355, 67.232549 ] }, { "date": "2025-02-28", "close": 68.764618, "volume": 32600, "typical_volume": 34845.0, "trend": 68.425956, "fair_value": 63.278857, "relative_strength": -6.776217, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 15.395119, "energy": 27.844994, "activity_lines": [ 67.847754, 67.090099, 66.54374, 67.251312 ] }, { "date": "2025-03-07", "close": 68.686142, "volume": 32100, "typical_volume": 35725.0, "trend": 68.374573, "fair_value": 63.346854, "relative_strength": -4.285463, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 13.459998, "energy": 35.246238, "activity_lines": [ 68.169507, 67.519523, 66.718983, 67.268099 ] }, { "date": "2025-03-14", "close": 66.734055, "volume": 25300, "typical_volume": 36175.0, "trend": 68.209922, "fair_value": 63.379463, "relative_strength": -6.009257, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "down", "direction": 0.489895, "energy": 17.791348, "activity_lines": [ 67.784976, 67.513282, 66.720109, 67.162259 ] }, { "date": "2025-03-21", "close": 67.263763, "volume": 17400, "typical_volume": 31560.0, "trend": 68.024496, "fair_value": 63.415467, "relative_strength": -6.611535, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -2.269812, "energy": 14.642843, "activity_lines": [ 67.63064, 67.558405, 66.783684, 67.101216 ] }, { "date": "2025-03-28", "close": 66.371109, "volume": 12100, "typical_volume": 31115.0, "trend": 67.783798, "fair_value": 63.439506, "relative_strength": -6.826837, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -27.432328, "energy": 15.992338, "activity_lines": [ 67.149978, 67.394856, 66.768572, 66.994546 ] }, { "date": "2025-04-04", "close": 61.848919, "volume": 51500, "typical_volume": 31395.0, "trend": 67.461034, "fair_value": 63.420084, "relative_strength": -7.12376, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.354194, "energy": 50.235365, "activity_lines": [ 65.244971, 66.380197, 66.335515, 66.611651 ] }, { "date": "2025-04-11", "close": 62.064728, "volume": 80900, "typical_volume": 32075.0, "trend": 67.120263, "fair_value": 63.411616, "relative_strength": -8.165542, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -78.805245, "energy": 76.276723, "activity_lines": [ 63.872948, 65.491813, 65.940453, 66.263502 ] }, { "date": "2025-04-18", "close": 61.63311, "volume": 14000, "typical_volume": 31730.0, "trend": 66.789676, "fair_value": 63.414677, "relative_strength": -10.840581, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.649853, "energy": 84.814747, "activity_lines": [ 62.79848, 64.630182, 65.526369, 65.909492 ] }, { "date": "2025-04-25", "close": 63.192822, "volume": 89700, "typical_volume": 34870.0, "trend": 66.534391, "fair_value": 63.435265, "relative_strength": -10.241522, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.963131, "energy": 79.920206, "activity_lines": [ 62.583979, 64.159504, 65.28911, 65.677437 ] }, { "date": "2025-05-02", "close": 64.046249, "volume": 17500, "typical_volume": 34545.0, "trend": 66.330235, "fair_value": 63.463774, "relative_strength": -9.932437, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.160246, "energy": 70.91487, "activity_lines": [ 62.925349, 63.910164, 65.150157, 65.516912 ] }, { "date": "2025-05-09", "close": 61.221111, "volume": 41800, "typical_volume": 35420.0, "trend": 65.999461, "fair_value": 63.478958, "relative_strength": -14.668726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.329533, "energy": 60.188833, "activity_lines": [ 62.479998, 63.212084, 64.748763, 65.187291 ] }, { "date": "2025-05-16", "close": 61.564442, "volume": 58300, "typical_volume": 37635.0, "trend": 65.6795, "fair_value": 63.491908, "relative_strength": -15.838712, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.976723, "energy": 48.514099, "activity_lines": [ 62.190944, 62.713583, 64.391542, 64.901161 ] }, { "date": "2025-05-23", "close": 60.612923, "volume": 31200, "typical_volume": 37750.0, "trend": 65.391457, "fair_value": 63.489072, "relative_strength": -16.45523, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.457883, "energy": 52.128132, "activity_lines": [ 61.618069, 62.171563, 63.956468, 64.574285 ] }, { "date": "2025-05-30", "close": 61.760635, "volume": 45300, "typical_volume": 38200.0, "trend": 65.163723, "fair_value": 63.503513, "relative_strength": -15.459444, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.108077, "energy": 48.892697, "activity_lines": [ 61.495778, 61.949512, 63.648076, 64.340038 ] }, { "date": "2025-06-06", "close": 62.476727, "volume": 90300, "typical_volume": 40655.0, "trend": 64.944737, "fair_value": 63.533049, "relative_strength": -14.854684, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.572745, "energy": 42.787912, "activity_lines": [ 61.707663, 61.957716, 63.421943, 64.166683 ] }, { "date": "2025-06-13", "close": 62.967205, "volume": 36100, "typical_volume": 40480.0, "trend": 64.859918, "fair_value": 63.583876, "relative_strength": -13.967208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.075886, "energy": 32.175153, "activity_lines": [ 62.187675, 62.125905, 63.2535, 64.039101 ] }, { "date": "2025-06-20", "close": 61.28978, "volume": 31100, "typical_volume": 40775.0, "trend": 64.679492, "fair_value": 63.597319, "relative_strength": -15.728031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.058664, "energy": 30.072422, "activity_lines": [ 61.99214, 61.968775, 62.942773, 63.808769 ] }, { "date": "2025-06-27", "close": 61.70615, "volume": 44100, "typical_volume": 39595.0, "trend": 64.483964, "fair_value": 63.616714, "relative_strength": -15.291641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.629596, "energy": 26.168588, "activity_lines": [ 61.953705, 61.901438, 62.70295, 63.616941 ] }, { "date": "2025-07-04", "close": 62.150364, "volume": 30100, "typical_volume": 39935.0, "trend": 64.330019, "fair_value": 63.629577, "relative_strength": -15.343557, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.526744, "energy": 26.324789, "activity_lines": [ 61.99046, 61.91354, 62.533206, 63.466386 ] }, { "date": "2025-07-11", "close": 62.110878, "volume": 46700, "typical_volume": 41405.0, "trend": 64.219176, "fair_value": 63.642068, "relative_strength": -14.840409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.575417, "energy": 29.592392, "activity_lines": [ 61.988071, 61.937416, 62.381996, 63.323216 ] }, { "date": "2025-07-18", "close": 60.807854, "volume": 41100, "typical_volume": 41830.0, "trend": 64.125068, "fair_value": 63.647673, "relative_strength": -17.026522, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.487449, "energy": 39.508856, "activity_lines": [ 61.57573, 61.759567, 62.132907, 63.10313 ] }, { "date": "2025-07-25", "close": 63.019047, "volume": 78800, "typical_volume": 44165.0, "trend": 64.08419, "fair_value": 63.66241, "relative_strength": -14.091021, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.440608, "energy": 22.760833, "activity_lines": [ 62.044411, 61.991268, 62.132297, 63.031774 ] }, { "date": "2025-08-01", "close": 60.482098, "volume": 50000, "typical_volume": 45400.0, "trend": 63.958191, "fair_value": 63.664989, "relative_strength": -15.543131, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.656039, "energy": 35.085371, "activity_lines": [ 61.552157, 61.735257, 61.917059, 62.799381 ] }, { "date": "2025-08-08", "close": 60.255054, "volume": 33900, "typical_volume": 46225.0, "trend": 63.809583, "fair_value": 63.661422, "relative_strength": -17.513314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.438461, "energy": 42.150256, "activity_lines": [ 61.065826, 61.440344, 61.70997, 62.560469 ] }, { "date": "2025-08-15", "close": 62.653809, "volume": 76200, "typical_volume": 49430.0, "trend": 63.738645, "fair_value": 63.674873, "relative_strength": -14.138824, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.346531, "energy": 25.561476, "activity_lines": [ 61.505434, 61.608943, 61.764708, 62.485903 ] }, { "date": "2025-08-22", "close": 63.621201, "volume": 35000, "typical_volume": 48605.0, "trend": 63.638153, "fair_value": 63.708245, "relative_strength": -13.568289, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.019448, "energy": 7.987368, "activity_lines": [ 62.23131, 61.950212, 61.92928, 62.478326 ] }, { "date": "2025-08-29", "close": 63.098019, "volume": 44400, "typical_volume": 46780.0, "trend": 63.479676, "fair_value": 63.746939, "relative_strength": -14.375638, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.292218, "energy": 10.333681, "activity_lines": [ 62.595235, 62.184465, 62.035585, 62.443478 ] }, { "date": "2025-09-05", "close": 63.581722, "volume": 29100, "typical_volume": 47535.0, "trend": 63.347786, "fair_value": 63.773608, "relative_strength": -14.557098, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.165178, "energy": 20.115569, "activity_lines": [ 63.115131, 62.473788, 62.183038, 62.450062 ] }, { "date": "2025-09-12", "close": 63.433651, "volume": 37400, "typical_volume": 44920.0, "trend": 63.234503, "fair_value": 63.809471, "relative_strength": -14.859039, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.572836, "energy": 30.658163, "activity_lines": [ 63.379027, 62.702087, 62.307109, 62.455602 ] }, { "date": "2025-09-19", "close": 63.04866, "volume": 59100, "typical_volume": 47000.0, "trend": 63.082228, "fair_value": 63.855412, "relative_strength": -16.196026, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.72064, "energy": 32.587531, "activity_lines": [ 63.302687, 62.837056, 62.393367, 62.443612 ] }, { "date": "2025-09-26", "close": 62.170105, "volume": 56300, "typical_volume": 47725.0, "trend": 62.862411, "fair_value": 63.89836, "relative_strength": -16.794204, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.465974, "energy": 14.707922, "activity_lines": [ 62.907172, 62.795237, 62.400704, 62.384765 ] }, { "date": "2025-10-03", "close": 66.710953, "volume": 86600, "typical_volume": 49140.0, "trend": 62.796571, "fair_value": 63.964553, "relative_strength": -12.31833, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.898733, "energy": 43.870256, "activity_lines": [ 64.122013, 63.554258, 62.835984, 62.633058 ] }, { "date": "2025-10-10", "close": 65.506645, "volume": 52200, "typical_volume": 50190.0, "trend": 62.755658, "fair_value": 64.02197, "relative_strength": -11.625466, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.826232, "energy": 58.289503, "activity_lines": [ 64.694555, 64.027188, 63.13206, 62.807902 ] }, { "date": "2025-10-17", "close": 66.08905, "volume": 43500, "typical_volume": 50100.0, "trend": 62.716501, "fair_value": 64.076203, "relative_strength": -11.140221, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.452139, "energy": 70.582764, "activity_lines": [ 65.332904, 64.514655, 63.460301, 63.022959 ] }, { "date": "2025-10-24", "close": 66.868896, "volume": 36000, "typical_volume": 47385.0, "trend": 62.733094, "fair_value": 64.119547, "relative_strength": -10.378139, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.902229, "energy": 81.509926, "activity_lines": [ 66.054175, 65.03784, 63.8422, 63.290856 ] }, { "date": "2025-10-31", "close": 65.940987, "volume": 39000, "typical_volume": 47530.0, "trend": 62.869496, "fair_value": 64.159698, "relative_strength": -10.899625, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.483692, "energy": 75.904047, "activity_lines": [ 66.211461, 65.315675, 64.114813, 63.497816 ] }, { "date": "2025-11-07", "close": 66.276611, "volume": 30100, "typical_volume": 47480.0, "trend": 63.009892, "fair_value": 64.198072, "relative_strength": -8.992721, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.442901, "energy": 73.741866, "activity_lines": [ 66.229229, 65.612356, 64.405228, 63.71763 ] }, { "date": "2025-11-14", "close": 68.912277, "volume": 38800, "typical_volume": 47215.0, "trend": 63.252531, "fair_value": 64.24918, "relative_strength": -6.400413, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.585417, "energy": 84.476202, "activity_lines": [ 67.154509, 66.330456, 64.922913, 64.098429 ] }, { "date": "2025-11-21", "close": 70.126457, "volume": 46700, "typical_volume": 48045.0, "trend": 63.483652, "fair_value": 64.300976, "relative_strength": -4.002252, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.927709, "energy": 88.961317, "activity_lines": [ 68.257473, 67.172396, 65.521919, 64.541908 ] }, { "date": "2025-11-28", "close": 71.103729, "volume": 36000, "typical_volume": 47510.0, "trend": 63.718901, "fair_value": 64.352353, "relative_strength": -6.180056, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.023977, "energy": 92.549782, "activity_lines": [ 69.417034, 68.070335, 66.176017, 65.033526 ] }, { "date": "2025-12-05", "close": 69.573662, "volume": 32000, "typical_volume": 47055.0, "trend": 63.99732, "fair_value": 64.396737, "relative_strength": -7.712668, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.29625, "energy": 85.479583, "activity_lines": [ 69.784251, 68.543625, 66.641572, 65.411253 ] }, { "date": "2025-12-12", "close": 69.830315, "volume": 21600, "typical_volume": 44195.0, "trend": 64.272849, "fair_value": 64.450446, "relative_strength": -7.731111, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.915037, "energy": 80.875834, "activity_lines": [ 69.99484, 68.928968, 67.089827, 65.787575 ] }, { "date": "2025-12-19", "close": 70.086975, "volume": 34700, "typical_volume": 43430.0, "trend": 64.588651, "fair_value": 64.50492, "relative_strength": -7.777584, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.334485, "energy": 62.351786, "activity_lines": [ 70.054069, 69.304261, 67.530092, 66.16268 ] }, { "date": "2025-12-26", "close": 70.758232, "volume": 14600, "typical_volume": 42465.0, "trend": 64.88857, "fair_value": 64.564979, "relative_strength": -7.321482, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.435312, "energy": 61.599694, "activity_lines": [ 70.258737, 69.718322, 67.988548, 66.560718 ] }, { "date": "2026-01-02", "close": 70.629997, "volume": 25500, "typical_volume": 39930.0, "trend": 65.160346, "fair_value": 64.622803, "relative_strength": -6.890771, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.727842, "energy": 64.053056, "activity_lines": [ 70.378542, 70.024174, 68.384777, 66.931132 ] }, { "date": "2026-01-09", "close": 72.18, "volume": 38100, "typical_volume": 40085.0, "trend": 65.467439, "fair_value": 64.690446, "relative_strength": -6.674453, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.197242, "energy": 68.458645, "activity_lines": [ 71.046597, 70.54346, 68.890643, 67.384013 ] }, { "date": "2026-01-16", "close": 71.580002, "volume": 31600, "typical_volume": 39445.0, "trend": 65.810447, "fair_value": 64.755066, "relative_strength": -8.337681, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.590016, "energy": 68.595648, "activity_lines": [ 71.340896, 70.840219, 69.29861, 67.778372 ] }, { "date": "2026-01-23", "close": 71.93, "volume": 35200, "typical_volume": 39750.0, "trend": 66.151242, "fair_value": 64.827168, "relative_strength": -7.845005, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.017173, "energy": 62.623255, "activity_lines": [ 71.635216, 71.10419, 69.69952, 68.173182 ] }, { "date": "2026-01-30", "close": 70.739998, "volume": 35400, "typical_volume": 39650.0, "trend": 66.437563, "fair_value": 64.892584, "relative_strength": -5.561292, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.027307, "energy": 55.312892, "activity_lines": [ 71.41, 71.096928, 69.947343, 68.469231 ] }, { "date": "2026-02-06", "close": 72.059998, "volume": 56300, "typical_volume": 39510.0, "trend": 66.7692, "fair_value": 64.964519, "relative_strength": -5.082509, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.120219, "energy": 52.842722, "activity_lines": [ 71.625999, 71.318511, 70.286087, 68.831968 ] }, { "date": "2026-02-13", "close": 72.43, "volume": 34200, "typical_volume": 38405.0, "trend": 67.156605, "fair_value": 65.04118, "relative_strength": -5.999193, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.969276, "energy": 55.206324, "activity_lines": [ 71.869999, 71.58998, 70.617159, 69.197181 ] }, { "date": "2026-02-20", "close": 72.25, "volume": 25700, "typical_volume": 35360.0, "trend": 67.464303, "fair_value": 65.125339, "relative_strength": -7.875098, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.76411, "energy": 52.566691, "activity_lines": [ 72.037333, 71.776789, 70.882232, 69.525787 ] }, { "date": "2026-02-27", "close": 73.0, "volume": 27100, "typical_volume": 34105.0, "trend": 67.881567, "fair_value": 65.212893, "relative_strength": -7.890403, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.086461, "energy": 58.498539, "activity_lines": [ 72.41, 72.055967, 71.192356, 69.882929 ] }, { "date": "2026-03-06", "close": 69.379997, "volume": 51200, "typical_volume": 34490.0, "trend": 68.185732, "fair_value": 65.291368, "relative_strength": -8.618188, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.126997, "energy": 30.171952, "activity_lines": [ 71.504666, 71.623999, 71.122036, 69.979602 ] }, { "date": "2026-03-13", "close": 68.120003, "volume": 250100, "typical_volume": 45195.0, "trend": 68.367938, "fair_value": 65.35694, "relative_strength": -8.30399, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 8.608324, "energy": 12.779302, "activity_lines": [ 70.27, 70.988, 70.916045, 69.975361 ] }, { "date": "2026-03-20", "close": 65.830002, "volume": 26700, "typical_volume": 44580.0, "trend": 68.441565, "fair_value": 65.401005, "relative_strength": -7.460363, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -22.302843, "energy": 34.136904, "activity_lines": [ 68.534668, 69.981273, 70.486002, 69.811624 ] }, { "date": "2026-03-27", "close": 65.809998, "volume": 17700, "typical_volume": 43960.0, "trend": 68.531964, "fair_value": 65.436113, "relative_strength": -8.870986, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -40.653746, "energy": 49.50315, "activity_lines": [ 67.232667, 69.086363, 70.054581, 69.641845 ] }, { "date": "2026-04-03", "close": 67.769997, "volume": 22700, "typical_volume": 43155.0, "trend": 68.671573, "fair_value": 65.473544, "relative_strength": -8.929086, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.922851, "energy": 56.27774, "activity_lines": [ 67.013332, 68.652727, 69.812049, 69.592686 ] }, { "date": "2026-04-10", "close": 67.839996, "volume": 32500, "typical_volume": 42445.0, "trend": 68.818451, "fair_value": 65.508068, "relative_strength": -9.948699, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.782556, "energy": 58.267014, "activity_lines": [ 67.165998, 68.307453, 69.581623, 69.539036 ] }, { "date": "2026-04-17", "close": 68.589996, "volume": 32000, "typical_volume": 42245.0, "trend": 69.003163, "fair_value": 65.545929, "relative_strength": -10.252501, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.349907, "energy": 32.534337, "activity_lines": [ 67.67133, 68.151271, 69.433514, 69.524297 ] }, { "date": "2026-04-24", "close": 65.79023, "volume": 19300, "typical_volume": 41610.0, "trend": 69.123833, "fair_value": 65.56961, "relative_strength": -12.325729, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -44.408549, "energy": 34.670966, "activity_lines": [ 67.212074, 67.549131, 69.03073, 69.317011 ] }, { "date": "2026-05-01", "close": 65.829979, "volume": 35800, "typical_volume": 42320.0, "trend": 69.094468, "fair_value": 65.591662, "relative_strength": -11.766931, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -41.296905, "energy": 36.514596, "activity_lines": [ 66.768719, 67.074942, 68.649748, 69.104504 ] }, { "date": "2026-05-08", "close": 65.074692, "volume": 19100, "typical_volume": 41540.0, "trend": 69.080069, "fair_value": 65.610344, "relative_strength": -12.872717, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.597417, "energy": 60.382458, "activity_lines": [ 66.07227, 66.580155, 68.215884, 68.845164 ] }, { "date": "2026-05-15", "close": 65.641159, "volume": 47800, "typical_volume": 43200.0, "trend": 69.06514, "fair_value": 65.63407, "relative_strength": -11.143946, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.848302, "energy": 69.235258, "activity_lines": [ 65.74433, 66.332458, 67.859837, 68.623299 ] }, { "date": "2026-05-22", "close": 67.658592, "volume": 23400, "typical_volume": 43095.0, "trend": 69.091463, "fair_value": 65.68091, "relative_strength": -9.80679, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.805778, "energy": 46.556066, "activity_lines": [ 66.235457, 66.519547, 67.720293, 68.532554 ] }, { "date": "2026-05-29", "close": 67.280945, "volume": 18100, "typical_volume": 42095.0, "trend": 69.136128, "fair_value": 65.719149, "relative_strength": -10.743385, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.62748, "energy": 31.409518, "activity_lines": [ 66.662796, 66.646361, 67.558932, 68.415746 ] }, { "date": "2026-06-05", "close": 68.453636, "volume": 12400, "typical_volume": 41135.0, "trend": 69.208695, "fair_value": 65.767084, "relative_strength": -7.943241, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.400875, "energy": 20.666352, "activity_lines": [ 67.38165, 66.960012, 67.532585, 68.371714 ] }, { "date": "2026-06-12", "close": 68.82135, "volume": 4600, "typical_volume": 39605.0, "trend": 69.205665, "fair_value": 65.81349, "relative_strength": -8.507361, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.475885, "energy": 22.095648, "activity_lines": [ 68.048165, 67.292453, 67.556146, 68.346724 ] }, { "date": "2026-06-19", "close": 67.121933, "volume": 2400, "typical_volume": 37955.0, "trend": 69.105514, "fair_value": 65.84971, "relative_strength": -10.531199, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.067293, "energy": 22.400747, "activity_lines": [ 67.89843, 67.296794, 67.432661, 68.21229 ] }, { "date": "2026-06-26", "close": 71.699997, "volume": 9800, "typical_volume": 35630.0, "trend": 69.125389, "fair_value": 65.913453, "relative_strength": -4.234377, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 38.151039, "energy": 34.033627, "activity_lines": [ 69.175999, 68.146566, 67.76241, 68.379676 ] }, { "date": "2026-07-03", "close": 73.93, "volume": 3000, "typical_volume": 34070.0, "trend": 69.270601, "fair_value": 66.004569, "relative_strength": -1.828252, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 50.334251, "energy": 67.050945, "activity_lines": [ 70.927475, 69.345248, 68.306256, 68.689651 ] }, { "date": "2026-07-10", "close": 71.75, "volume": 38500, "typical_volume": 34710.0, "trend": 69.33459, "fair_value": 66.075497, "relative_strength": -4.651184, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.465423, "energy": 63.563048, "activity_lines": [ 71.509014, 69.99957, 68.635339, 68.849612 ] }, { "date": "2026-07-17", "close": 71.82, "volume": 40500, "typical_volume": 35380.0, "trend": 69.392358, "fair_value": 66.132791, "relative_strength": -4.282356, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.158612, "energy": 63.653891, "activity_lines": [ 71.894128, 70.558983, 68.97347, 69.009961 ] }, { "date": "2026-07-24", "close": 72.389999, "volume": 18500, "typical_volume": 33745.0, "trend": 69.44675, "fair_value": 66.19723, "relative_strength": -3.59587, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.74434, "energy": 67.618505, "activity_lines": [ 72.269333, 71.09939, 69.371505, 69.203357 ] }, { "date": "2026-07-31", "close": 72.199997, "volume": 66100, "typical_volume": 24545.0, "trend": 69.499083, "fair_value": 66.268616, "relative_strength": -3.293218, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.928117, "energy": 42.203173, "activity_lines": [ 72.229999, 71.482544, 69.737112, 69.380986 ] }, { "date": "2026-08-07", "close": 73.610001, "volume": 23600, "typical_volume": 24390.0, "trend": 69.54675, "fair_value": 66.338272, "relative_strength": -4.407177, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 72.398887, "energy": 54.014489, "activity_lines": [ 72.627333, 72.039493, 70.217577, 69.646207 ] } ], "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." } } }