{ "ticker": { "uuid": "173eed34-5867-4fed-9f70-78cc45d75c47", "symbol": "ZDV", "name": "BMO Canadian Dividend 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 75.545, "architecture_energy": 70.334, "architecture_maturity": 60.482, "architecture_confidence": 78.778, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 2.94, "rotation_up": 72.57, "upward_expansion": 90.0, "deceleration": 52.89, "rotation_down": 20.67, "downward_expansion": 12.0 }, "activity_lines": [ 33.149911, 32.871688, 32.295403, 31.669591 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 1.0 }, "latest_close": 33.27, "trend_reference": 30.780175, "distance_from_trend": 0.080891, "trend_direction": "Improving", "fair_value": 23.890262, "distance_from_fair_value": 0.392618, "fair_value_direction": "Improving", "relative_strength": 1.112401, "relative_strength_direction": "Improving", "price_momentum": 0.162171, "excess_performance": 0.04175, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.080891, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.051747, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.392618, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.037855, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.011124, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.01095, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.162171, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.779818, "read": "Demand-led" } ], "volume": { "latest": 196300, "relative_activity": 1.001582, "balance": 2.779818, "dry_up": 1.234247, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.014419, "annualized_volatility": 0.0912, "from_high_reference": -0.002997, "from_low_reference": 0.328515 }, "levels": { "trend_reference": 30.780175, "fair_value_reference": 23.890262, "structural_low": 28.617545, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 44, "median_return": 0.016263, "positive_rate": 0.704545, "directional_follow_through": 0.704545, "median_excess_return": -0.001181, "regime_survival": 0.818182, "best_return": 0.059989, "worst_return": -0.047785, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 15, "median_return": 0.048852, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.012045, "regime_survival": 0.666667, "best_return": 0.090708, "worst_return": -0.112176, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.091343, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.007105, "regime_survival": 0.285714, "best_return": 0.141232, "worst_return": -0.031643, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.130792, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.006855, "regime_survival": 0.25, "best_return": 0.245475, "worst_return": 0.011188, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-07-28", "end": "2023-09-29", "tenure": "Developing", "return": -0.050017, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-10-06", "end": "2023-12-01", "tenure": "Developing", "return": 0.070696, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-08", "end": "2023-12-22", "tenure": "New", "return": 0.024633, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-29", "end": "2024-04-26", "tenure": "Established", "return": 0.029259, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-03", "end": "2024-05-10", "tenure": "New", "return": 0.029471, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-17", "end": "2024-06-14", "tenure": "Developing", "return": -0.044896, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-21", "end": "2024-07-19", "tenure": "Developing", "return": 0.052083, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-26", "end": "2024-12-27", "tenure": "Established", "return": 0.078794, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-01-31", "tenure": "Developing", "return": 0.017968, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-03-28", "tenure": "Developing", "return": 0.007545, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-04", "end": "2025-05-16", "tenure": "Developing", "return": 0.078966, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2026-01-09", "tenure": "Extended", "return": 0.143843, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-16", "end": "2026-02-13", "tenure": "Developing", "return": 0.044475, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-20", "end": "2026-08-07", "tenure": "Established", "return": 0.121067, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 17.961288, "volume": 128189, "typical_volume": 179015.95, "trend": 18.536604, "fair_value": 17.197447, "relative_strength": -1.470737, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.810496, "energy": 26.638238, "activity_lines": [ 18.296968, 18.319857, 18.368292, 18.434074 ] }, { "date": "2023-08-25", "close": 17.913059, "volume": 248431, "typical_volume": 185402.05, "trend": 18.500039, "fair_value": 17.229739, "relative_strength": -1.764054, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.751907, "energy": 50.385628, "activity_lines": [ 18.136206, 18.252351, 18.312328, 18.393845 ] }, { "date": "2023-09-01", "close": 18.415857, "volume": 213835, "typical_volume": 190595.95, "trend": 18.481178, "fair_value": 17.266944, "relative_strength": -2.419574, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.801865, "energy": 36.01741, "activity_lines": [ 18.193196, 18.282064, 18.308182, 18.388414 ] }, { "date": "2023-09-08", "close": 18.076967, "volume": 117063, "typical_volume": 188356.65, "trend": 18.454166, "fair_value": 17.302032, "relative_strength": -1.911372, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.014617, "energy": 47.301265, "activity_lines": [ 18.146147, 18.237767, 18.274883, 18.362336 ] }, { "date": "2023-09-15", "close": 18.590136, "volume": 193827, "typical_volume": 188557.7, "trend": 18.443946, "fair_value": 17.340245, "relative_strength": -1.740624, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.636544, "energy": 14.437702, "activity_lines": [ 18.286235, 18.292578, 18.29551, 18.371108 ] }, { "date": "2023-09-22", "close": 18.018875, "volume": 85646, "typical_volume": 181970.6, "trend": 18.421283, "fair_value": 17.375124, "relative_strength": -0.639791, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.863619, "energy": 21.204533, "activity_lines": [ 18.228706, 18.235629, 18.264481, 18.343684 ] }, { "date": "2023-09-29", "close": 17.621901, "volume": 148853, "typical_volume": 179941.7, "trend": 18.377494, "fair_value": 17.40639, "relative_strength": -1.584008, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.310171, "energy": 42.987478, "activity_lines": [ 18.035014, 18.11249, 18.199796, 18.292111 ] }, { "date": "2023-10-06", "close": 17.360474, "volume": 143712, "typical_volume": 178726.25, "trend": 18.346461, "fair_value": 17.434226, "relative_strength": -1.515954, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.342187, "energy": 64.653134, "activity_lines": [ 17.773589, 17.960792, 18.11562, 18.226497 ] }, { "date": "2023-10-13", "close": 17.621901, "volume": 85740, "typical_volume": 176402.8, "trend": 18.336773, "fair_value": 17.463794, "relative_strength": -1.104506, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.415978, "energy": 70.025342, "activity_lines": [ 17.669666, 17.878248, 18.062401, 18.179751 ] }, { "date": "2023-10-20", "close": 17.176508, "volume": 136979, "typical_volume": 165818.65, "trend": 18.309081, "fair_value": 17.490232, "relative_strength": -1.803206, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.88834, "energy": 78.975892, "activity_lines": [ 17.447616, 17.727383, 17.969762, 18.104895 ] }, { "date": "2023-10-27", "close": 16.972521, "volume": 165403, "typical_volume": 163551.3, "trend": 18.259394, "fair_value": 17.518903, "relative_strength": -0.971453, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.669782, "energy": 82.355561, "activity_lines": [ 17.251813, 17.563169, 17.863088, 18.018666 ] }, { "date": "2023-11-03", "close": 17.98349, "volume": 215052, "typical_volume": 164322.75, "trend": 18.234216, "fair_value": 17.551414, "relative_strength": -0.795699, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.226501, "energy": 45.321719, "activity_lines": [ 17.462756, 17.600746, 17.858603, 18.000865 ] }, { "date": "2023-11-10", "close": 17.837677, "volume": 178492, "typical_volume": 164668.7, "trend": 18.193085, "fair_value": 17.578972, "relative_strength": -0.728883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.053311, "energy": 35.754925, "activity_lines": [ 17.600988, 17.61053, 17.841415, 17.975282 ] }, { "date": "2023-11-17", "close": 18.382046, "volume": 149694, "typical_volume": 155977.8, "trend": 18.167882, "fair_value": 17.607984, "relative_strength": -0.318287, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.976834, "energy": 13.18632, "activity_lines": [ 17.888864, 17.729803, 17.875579, 17.987473 ] }, { "date": "2023-11-24", "close": 18.28483, "volume": 147170, "typical_volume": 157506.55, "trend": 18.138463, "fair_value": 17.633703, "relative_strength": -0.456334, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.258448, "energy": 22.567994, "activity_lines": [ 18.093658, 17.825853, 17.900552, 17.995018 ] }, { "date": "2023-12-01", "close": 18.587791, "volume": 221971, "typical_volume": 159848.75, "trend": 18.128365, "fair_value": 17.661088, "relative_strength": -0.532445, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 27.224503, "energy": 32.004247, "activity_lines": [ 18.32555, 17.982538, 17.953765, 18.024007 ] }, { "date": "2023-12-08", "close": 18.617056, "volume": 225803, "typical_volume": 162826.65, "trend": 18.123695, "fair_value": 17.68866, "relative_strength": 0.222068, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.678965, "energy": 43.699967, "activity_lines": [ 18.459514, 18.134201, 18.008624, 18.055536 ] }, { "date": "2023-12-15", "close": 18.773174, "volume": 224963, "typical_volume": 166851.85, "trend": 18.128363, "fair_value": 17.718448, "relative_strength": 0.09415, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.135545, "energy": 54.825228, "activity_lines": [ 18.603278, 18.296154, 18.078581, 18.097438 ] }, { "date": "2023-12-22", "close": 19.075653, "volume": 159232, "typical_volume": 166749.05, "trend": 18.155836, "fair_value": 17.750065, "relative_strength": 0.006116, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.204939, "energy": 76.517263, "activity_lines": [ 18.785503, 18.487419, 18.176281, 18.158553 ] }, { "date": "2023-12-29", "close": 19.203087, "volume": 104440, "typical_volume": 164724.75, "trend": 18.185647, "fair_value": 17.782915, "relative_strength": 0.310281, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.215248, "energy": 80.693847, "activity_lines": [ 18.963965, 18.675421, 18.282512, 18.226118 ] }, { "date": "2024-01-05", "close": 19.330519, "volume": 224308, "typical_volume": 169530.7, "trend": 18.222898, "fair_value": 17.813143, "relative_strength": 1.076424, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.541669, "energy": 85.008613, "activity_lines": [ 19.123687, 18.849746, 18.397445, 18.29998 ] }, { "date": "2024-01-12", "close": 19.144272, "volume": 256003, "typical_volume": 169909.3, "trend": 18.253303, "fair_value": 17.841622, "relative_strength": -0.129994, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.371178, "energy": 80.064473, "activity_lines": [ 19.171812, 18.947335, 18.488121, 18.359424 ] }, { "date": "2024-01-19", "close": 19.095261, "volume": 157923, "typical_volume": 167113.7, "trend": 18.298672, "fair_value": 17.870452, "relative_strength": 0.028696, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.382683, "energy": 75.367173, "activity_lines": [ 19.168452, 19.014907, 18.568266, 18.413744 ] }, { "date": "2024-01-26", "close": 19.222692, "volume": 225710, "typical_volume": 172546.05, "trend": 18.32622, "fair_value": 17.902355, "relative_strength": -0.330382, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.471884, "energy": 64.208582, "activity_lines": [ 19.186096, 19.082784, 18.657313, 18.473358 ] }, { "date": "2024-02-02", "close": 19.114479, "volume": 253853, "typical_volume": 175547.35, "trend": 18.358171, "fair_value": 17.930779, "relative_strength": -0.686029, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.843122, "energy": 52.708166, "activity_lines": [ 19.157867, 19.115702, 18.730597, 18.524213 ] }, { "date": "2024-02-09", "close": 18.898054, "volume": 214584, "typical_volume": 181994.25, "trend": 18.3765, "fair_value": 17.957204, "relative_strength": -1.422722, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.520162, "energy": 40.850046, "activity_lines": [ 19.063404, 19.094185, 18.780773, 18.559044 ] }, { "date": "2024-02-16", "close": 19.291555, "volume": 146890, "typical_volume": 181896.1, "trend": 18.397374, "fair_value": 17.986374, "relative_strength": -0.506418, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.324416, "energy": 44.014883, "activity_lines": [ 19.128938, 19.138572, 18.864238, 18.61808 ] }, { "date": "2024-02-23", "close": 19.507978, "volume": 176342, "typical_volume": 183527.6, "trend": 18.429316, "fair_value": 18.017688, "relative_strength": -0.101713, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.848824, "energy": 52.619845, "activity_lines": [ 19.256795, 19.210045, 18.960364, 18.689732 ] }, { "date": "2024-03-01", "close": 19.587421, "volume": 218604, "typical_volume": 190170.8, "trend": 18.471623, "fair_value": 18.046381, "relative_strength": -0.319202, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.320674, "energy": 58.737965, "activity_lines": [ 19.383618, 19.282603, 19.05383, 18.764449 ] }, { "date": "2024-03-08", "close": 19.814491, "volume": 213368, "typical_volume": 193990.25, "trend": 18.516034, "fair_value": 18.073958, "relative_strength": 0.006085, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.820991, "energy": 80.990988, "activity_lines": [ 19.561816, 19.387141, 19.159562, 18.851085 ] }, { "date": "2024-03-15", "close": 19.794746, "volume": 158296, "typical_volume": 193634.9, "trend": 18.577149, "fair_value": 18.101186, "relative_strength": -0.566681, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.507688, "energy": 87.355767, "activity_lines": [ 19.686765, 19.476972, 19.250852, 18.933583 ] }, { "date": "2024-03-22", "close": 19.893476, "volume": 173351, "typical_volume": 191549.85, "trend": 18.643163, "fair_value": 18.128487, "relative_strength": -0.645188, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.049009, "energy": 87.787888, "activity_lines": [ 19.784844, 19.576314, 19.338106, 19.018507 ] }, { "date": "2024-03-29", "close": 20.141191, "volume": 112200, "typical_volume": 188235.25, "trend": 18.700674, "fair_value": 18.157236, "relative_strength": -0.217023, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.613003, "energy": 89.117913, "activity_lines": [ 19.925367, 19.707074, 19.439856, 19.115154 ] }, { "date": "2024-04-05", "close": 20.101557, "volume": 199062, "typical_volume": 190703.65, "trend": 18.76816, "fair_value": 18.185058, "relative_strength": -0.796745, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.657493, "energy": 82.482381, "activity_lines": [ 20.010464, 19.81161, 19.526863, 19.205534 ] }, { "date": "2024-04-12", "close": 19.705276, "volume": 180457, "typical_volume": 192368.0, "trend": 18.805332, "fair_value": 18.209386, "relative_strength": -1.078021, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.190978, "energy": 59.033919, "activity_lines": [ 19.929192, 19.828115, 19.56794, 19.265993 ] }, { "date": "2024-04-19", "close": 19.63592, "volume": 223653, "typical_volume": 192452.1, "trend": 18.859233, "fair_value": 18.233718, "relative_strength": -0.956474, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.843101, "energy": 49.163914, "activity_lines": [ 19.832082, 19.821269, 19.595648, 19.319579 ] }, { "date": "2024-04-26", "close": 19.764959, "volume": 222436, "typical_volume": 192283.75, "trend": 18.930669, "fair_value": 18.259018, "relative_strength": -0.978786, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.15731, "energy": 35.489741, "activity_lines": [ 19.788574, 19.824469, 19.630654, 19.378013 ] }, { "date": "2024-05-03", "close": 19.904152, "volume": 240483, "typical_volume": 193059.75, "trend": 19.015458, "fair_value": 18.283071, "relative_strength": -0.155529, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.135121, "energy": 30.309995, "activity_lines": [ 19.800031, 19.844369, 19.673451, 19.440818 ] }, { "date": "2024-05-10", "close": 20.490742, "volume": 178679, "typical_volume": 194032.1, "trend": 19.111086, "fair_value": 18.310491, "relative_strength": 1.121553, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 79.745437, "energy": 51.267924, "activity_lines": [ 20.022821, 19.963718, 19.766727, 19.535998 ] }, { "date": "2024-05-17", "close": 20.619984, "volume": 121457, "typical_volume": 194882.95, "trend": 19.225868, "fair_value": 18.338344, "relative_strength": 1.045616, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.875977, "energy": 78.516432, "activity_lines": [ 20.262745, 20.090143, 19.865574, 19.633346 ] }, { "date": "2024-05-24", "close": 20.510618, "volume": 136418, "typical_volume": 190488.45, "trend": 19.343805, "fair_value": 18.363774, "relative_strength": 1.154635, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.207873, "energy": 83.189906, "activity_lines": [ 20.405234, 20.182037, 19.947258, 19.716233 ] }, { "date": "2024-05-31", "close": 20.382626, "volume": 185224, "typical_volume": 186949.5, "trend": 19.423776, "fair_value": 18.387366, "relative_strength": 0.755152, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.845535, "energy": 79.118998, "activity_lines": [ 20.446746, 20.237644, 20.011133, 19.783254 ] }, { "date": "2024-06-07", "close": 20.222994, "volume": 238427, "typical_volume": 190974.7, "trend": 19.503287, "fair_value": 18.409822, "relative_strength": 1.149476, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.823916, "energy": 65.417297, "activity_lines": [ 20.393869, 20.255333, 20.053908, 19.834816 ] }, { "date": "2024-06-14", "close": 19.69422, "volume": 352216, "typical_volume": 197300.0, "trend": 19.547026, "fair_value": 18.430132, "relative_strength": 0.184975, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.261874, "energy": 25.067255, "activity_lines": [ 20.143478, 20.175394, 20.040953, 19.847135 ] }, { "date": "2024-06-21", "close": 19.594456, "volume": 306306, "typical_volume": 199922.65, "trend": 19.59068, "fair_value": 18.448954, "relative_strength": 0.075797, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.030337, "energy": 16.715456, "activity_lines": [ 19.912934, 20.084723, 20.016252, 19.850195 ] }, { "date": "2024-06-28", "close": 19.834038, "volume": 161289, "typical_volume": 197257.9, "trend": 19.632222, "fair_value": 18.469171, "relative_strength": -0.173749, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.384146, "energy": 24.173215, "activity_lines": [ 19.830619, 20.039627, 20.012082, 19.865895 ] }, { "date": "2024-07-05", "close": 19.92415, "volume": 127721, "typical_volume": 196299.45, "trend": 19.675791, "fair_value": 18.489738, "relative_strength": -0.527095, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.405092, "energy": 20.145724, "activity_lines": [ 19.823447, 20.007312, 20.012037, 19.884729 ] }, { "date": "2024-07-12", "close": 20.454796, "volume": 163720, "typical_volume": 195668.35, "trend": 19.731845, "fair_value": 18.514047, "relative_strength": -0.638383, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.784857, "energy": 21.03678, "activity_lines": [ 20.023722, 20.068585, 20.059518, 19.934988 ] }, { "date": "2024-07-19", "close": 20.614985, "volume": 157175, "typical_volume": 192596.9, "trend": 19.783157, "fair_value": 18.539723, "relative_strength": 0.064886, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 65.787611, "energy": 42.989346, "activity_lines": [ 20.261939, 20.148971, 20.117746, 19.991965 ] }, { "date": "2024-07-26", "close": 20.805216, "volume": 175407, "typical_volume": 190698.85, "trend": 19.836561, "fair_value": 18.565454, "relative_strength": 0.420792, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.2266, "energy": 70.560792, "activity_lines": [ 20.502183, 20.261685, 20.189198, 20.057904 ] }, { "date": "2024-08-02", "close": 20.533976, "volume": 346979, "typical_volume": 200133.0, "trend": 19.876676, "fair_value": 18.58791, "relative_strength": 1.689885, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.819032, "energy": 66.697353, "activity_lines": [ 20.571296, 20.321715, 20.2301, 20.102898 ] }, { "date": "2024-08-09", "close": 20.594252, "volume": 175966, "typical_volume": 200263.75, "trend": 19.925009, "fair_value": 18.6099, "relative_strength": 1.568389, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.777251, "energy": 67.203656, "activity_lines": [ 20.613839, 20.39228, 20.273222, 20.149194 ] }, { "date": "2024-08-16", "close": 21.126686, "volume": 172602, "typical_volume": 203283.85, "trend": 19.992723, "fair_value": 18.63553, "relative_strength": 0.813472, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.437217, "energy": 73.461582, "activity_lines": [ 20.789186, 20.555803, 20.363716, 20.226721 ] }, { "date": "2024-08-23", "close": 21.3477, "volume": 192518, "typical_volume": 202956.65, "trend": 20.063556, "fair_value": 18.662148, "relative_strength": 0.826189, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.486791, "energy": 73.962177, "activity_lines": [ 20.993411, 20.74308, 20.470565, 20.314139 ] }, { "date": "2024-08-30", "close": 21.539305, "volume": 174472, "typical_volume": 202657.4, "trend": 20.144384, "fair_value": 18.689367, "relative_strength": 1.41295, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.120608, "energy": 85.040663, "activity_lines": [ 21.212658, 20.935131, 20.589729, 20.409349 ] }, { "date": "2024-09-06", "close": 21.438513, "volume": 230290, "typical_volume": 202989.25, "trend": 20.229066, "fair_value": 18.716226, "relative_strength": 3.352238, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.517554, "energy": 84.020704, "activity_lines": [ 21.349367, 21.073495, 20.690559, 20.492841 ] }, { "date": "2024-09-13", "close": 22.002945, "volume": 174379, "typical_volume": 200586.4, "trend": 20.319446, "fair_value": 18.747444, "relative_strength": 2.46049, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.383278, "energy": 93.327489, "activity_lines": [ 21.613919, 21.285311, 20.836562, 20.607285 ] }, { "date": "2024-09-20", "close": 22.13398, "volume": 193079, "typical_volume": 198216.2, "trend": 20.406979, "fair_value": 18.779788, "relative_strength": 1.745508, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.651803, "energy": 92.807389, "activity_lines": [ 21.828235, 21.483155, 20.984387, 20.724351 ] }, { "date": "2024-09-27", "close": 22.254992, "volume": 156519, "typical_volume": 197108.2, "trend": 20.495898, "fair_value": 18.813167, "relative_strength": 1.861586, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.984832, "energy": 91.593529, "activity_lines": [ 22.015736, 21.672471, 21.133119, 20.843578 ] }, { "date": "2024-10-04", "close": 22.325775, "volume": 213461, "typical_volume": 201708.4, "trend": 20.579608, "fair_value": 18.845568, "relative_strength": 1.267512, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.468998, "energy": 90.764266, "activity_lines": [ 22.166346, 21.844838, 21.28019, 20.961635 ] }, { "date": "2024-10-11", "close": 22.527996, "volume": 195042, "typical_volume": 204639.6, "trend": 20.670716, "fair_value": 18.877203, "relative_strength": 0.864706, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.887827, "energy": 91.053778, "activity_lines": [ 22.331931, 22.026326, 21.438399, 21.087337 ] }, { "date": "2024-10-18", "close": 22.942558, "volume": 133706, "typical_volume": 202063.7, "trend": 20.772352, "fair_value": 18.910178, "relative_strength": 1.212251, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.628843, "energy": 93.235976, "activity_lines": [ 22.563071, 22.246934, 21.626482, 21.233908 ] }, { "date": "2024-10-25", "close": 22.679665, "volume": 214490, "typical_volume": 200866.85, "trend": 20.856968, "fair_value": 18.942416, "relative_strength": 1.474481, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.348411, "energy": 80.480667, "activity_lines": [ 22.643939, 22.377046, 21.777338, 21.35696 ] }, { "date": "2024-11-01", "close": 22.446503, "volume": 244971, "typical_volume": 195504.6, "trend": 20.935133, "fair_value": 18.971724, "relative_strength": 1.255538, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.73238, "energy": 68.139176, "activity_lines": [ 22.610708, 22.43653, 21.89429, 21.459511 ] }, { "date": "2024-11-08", "close": 22.83194, "volume": 211778, "typical_volume": 190778.2, "trend": 21.039355, "fair_value": 19.003042, "relative_strength": 0.86589, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.77087, "energy": 69.238884, "activity_lines": [ 22.693188, 22.546115, 22.034844, 21.581885 ] }, { "date": "2024-11-15", "close": 22.811655, "volume": 194107, "typical_volume": 192419.1, "trend": 21.145213, "fair_value": 19.035035, "relative_strength": 0.233337, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.548458, "energy": 66.210709, "activity_lines": [ 22.735162, 22.628509, 22.158049, 21.696227 ] }, { "date": "2024-11-22", "close": 23.186943, "volume": 182232, "typical_volume": 195144.65, "trend": 21.259279, "fair_value": 19.070503, "relative_strength": -0.337984, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.361002, "energy": 70.39155, "activity_lines": [ 22.883322, 22.754171, 22.302817, 21.827952 ] }, { "date": "2024-11-29", "close": 23.27883, "volume": 139223, "typical_volume": 193919.8, "trend": 21.371768, "fair_value": 19.107424, "relative_strength": -0.735231, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.687935, "energy": 70.786283, "activity_lines": [ 23.045818, 22.875013, 22.440799, 21.958245 ] }, { "date": "2024-12-06", "close": 23.299175, "volume": 202054, "typical_volume": 196163.75, "trend": 21.465382, "fair_value": 19.143381, "relative_strength": -0.799489, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.012304, "energy": 69.001774, "activity_lines": [ 23.175152, 22.978738, 22.567271, 22.082594 ] }, { "date": "2024-12-13", "close": 22.88203, "volume": 153062, "typical_volume": 195046.5, "trend": 21.540784, "fair_value": 19.176145, "relative_strength": -0.947238, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.768677, "energy": 65.172339, "activity_lines": [ 23.108592, 22.987634, 22.641233, 22.173991 ] }, { "date": "2024-12-20", "close": 22.291918, "volume": 188122, "typical_volume": 187103.65, "trend": 21.600161, "fair_value": 19.203397, "relative_strength": -0.839341, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.706844, "energy": 44.570386, "activity_lines": [ 22.841989, 22.879123, 22.649104, 22.222451 ] }, { "date": "2024-12-27", "close": 22.444532, "volume": 105936, "typical_volume": 183602.15, "trend": 21.668891, "fair_value": 19.231077, "relative_strength": -0.930135, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.916637, "energy": 26.599135, "activity_lines": [ 22.660907, 22.802652, 22.663139, 22.276927 ] }, { "date": "2025-01-03", "close": 22.73032, "volume": 129031, "typical_volume": 181423.6, "trend": 21.752468, "fair_value": 19.259375, "relative_strength": -0.742599, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.712302, "energy": 26.285259, "activity_lines": [ 22.624581, 22.787197, 22.69558, 22.345406 ] }, { "date": "2025-01-10", "close": 22.556807, "volume": 193171, "typical_volume": 181456.25, "trend": 21.847888, "fair_value": 19.284768, "relative_strength": -0.281356, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.421029, "energy": 24.963367, "activity_lines": [ 22.566985, 22.739274, 22.703861, 22.397299 ] }, { "date": "2025-01-17", "close": 22.863007, "volume": 176249, "typical_volume": 181545.1, "trend": 21.95684, "fair_value": 19.314437, "relative_strength": -0.135327, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.73609, "energy": 19.276318, "activity_lines": [ 22.660947, 22.745018, 22.735545, 22.46279 ] }, { "date": "2025-01-24", "close": 23.077349, "volume": 109678, "typical_volume": 175514.5, "trend": 22.06495, "fair_value": 19.344233, "relative_strength": -0.776621, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.599179, "energy": 36.199649, "activity_lines": [ 22.827624, 22.789169, 22.78134, 22.535081 ] }, { "date": "2025-01-31", "close": 23.138744, "volume": 140251, "typical_volume": 173808.1, "trend": 22.172103, "fair_value": 19.371464, "relative_strength": -0.763697, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.300662, "energy": 41.278598, "activity_lines": [ 22.962405, 22.839651, 22.825178, 22.604358 ] }, { "date": "2025-02-07", "close": 22.985168, "volume": 331552, "typical_volume": 180731.75, "trend": 22.256449, "fair_value": 19.396667, "relative_strength": -1.081009, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.951234, "energy": 38.68817, "activity_lines": [ 22.999712, 22.863087, 22.848981, 22.656814 ] }, { "date": "2025-02-14", "close": 22.944218, "volume": 140906, "typical_volume": 179951.1, "trend": 22.33409, "fair_value": 19.422767, "relative_strength": -1.398376, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.986496, "energy": 37.908319, "activity_lines": [ 23.00638, 22.884416, 22.864831, 22.701186 ] }, { "date": "2025-02-21", "close": 23.005651, "volume": 166431, "typical_volume": 177599.6, "trend": 22.407438, "fair_value": 19.448878, "relative_strength": 0.179338, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.601382, "energy": 32.94275, "activity_lines": [ 23.007698, 22.92337, 22.883249, 22.744513 ] }, { "date": "2025-02-28", "close": 23.303007, "volume": 245813, "typical_volume": 180138.15, "trend": 22.499739, "fair_value": 19.473927, "relative_strength": 0.470439, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.298801, "energy": 37.389884, "activity_lines": [ 23.098625, 23.01414, 22.92675, 22.802292 ] }, { "date": "2025-03-07", "close": 22.994902, "volume": 240297, "typical_volume": 185467.7, "trend": 22.57976, "fair_value": 19.496303, "relative_strength": 1.64673, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.034935, "energy": 28.633617, "activity_lines": [ 23.071806, 23.030507, 22.937217, 22.834238 ] }, { "date": "2025-03-14", "close": 22.861391, "volume": 242914, "typical_volume": 186888.9, "trend": 22.637584, "fair_value": 19.517357, "relative_strength": 1.8481, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.266026, "energy": 20.770675, "activity_lines": [ 23.010074, 23.012593, 22.934719, 22.852407 ] }, { "date": "2025-03-21", "close": 23.107876, "volume": 116876, "typical_volume": 180484.15, "trend": 22.696257, "fair_value": 19.538827, "relative_strength": 1.19092, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.878965, "energy": 26.439445, "activity_lines": [ 23.038754, 23.037112, 22.95483, 22.882749 ] }, { "date": "2025-03-28", "close": 23.15859, "volume": 110329, "typical_volume": 175411.7, "trend": 22.750233, "fair_value": 19.560446, "relative_strength": 2.212818, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.821289, "energy": 24.025587, "activity_lines": [ 23.073429, 23.060832, 22.976622, 22.912577 ] }, { "date": "2025-04-04", "close": 22.210817, "volume": 393261, "typical_volume": 185369.4, "trend": 22.775976, "fair_value": 19.574764, "relative_strength": 4.526995, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.726312, "energy": 9.253278, "activity_lines": [ 22.781984, 22.906855, 22.906595, 22.877776 ] }, { "date": "2025-04-11", "close": 22.1078, "volume": 824484, "typical_volume": 217482.0, "trend": 22.779471, "fair_value": 19.58883, "relative_strength": 2.22258, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.78046, "energy": 35.932121, "activity_lines": [ 22.529012, 22.749903, 22.829617, 22.834668 ] }, { "date": "2025-04-18", "close": 22.695005, "volume": 272273, "typical_volume": 224134.5, "trend": 22.798172, "fair_value": 19.608821, "relative_strength": 2.232727, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.5661, "energy": 30.53188, "activity_lines": [ 22.530915, 22.71846, 22.813703, 22.829218 ] }, { "date": "2025-04-25", "close": 23.045269, "volume": 283492, "typical_volume": 228206.4, "trend": 22.824515, "fair_value": 19.634681, "relative_strength": 1.565525, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.863584, "energy": 16.580531, "activity_lines": [ 22.660666, 22.755977, 22.833927, 22.84516 ] }, { "date": "2025-05-02", "close": 23.344664, "volume": 229916, "typical_volume": 232049.1, "trend": 22.858478, "fair_value": 19.662284, "relative_strength": 1.510986, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 26.337509, "energy": 10.296936, "activity_lines": [ 22.894389, 22.846092, 22.883874, 22.878718 ] }, { "date": "2025-05-09", "close": 23.654688, "volume": 240389, "typical_volume": 234662.45, "trend": 22.896034, "fair_value": 19.694862, "relative_strength": 1.505444, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.301181, "energy": 41.078472, "activity_lines": [ 23.219048, 22.986411, 22.961144, 22.930086 ] }, { "date": "2025-05-16", "close": 23.96471, "volume": 164188, "typical_volume": 237575.05, "trend": 22.930106, "fair_value": 19.728959, "relative_strength": 0.393646, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.544953, "energy": 67.866938, "activity_lines": [ 23.550789, 23.176704, 23.061451, 22.999033 ] }, { "date": "2025-05-23", "close": 23.96471, "volume": 105470, "typical_volume": 236397.0, "trend": 22.972941, "fair_value": 19.760124, "relative_strength": 0.735189, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.502119, "energy": 75.265611, "activity_lines": [ 23.758737, 23.349363, 23.154519, 23.065782 ] }, { "date": "2025-05-30", "close": 24.223093, "volume": 168021, "typical_volume": 235139.5, "trend": 23.03216, "fair_value": 19.792945, "relative_strength": 0.652011, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.261217, "energy": 80.379018, "activity_lines": [ 23.968165, 23.548942, 23.266316, 23.146437 ] }, { "date": "2025-06-06", "close": 24.306013, "volume": 160447, "typical_volume": 234349.4, "trend": 23.081296, "fair_value": 19.829237, "relative_strength": 0.024386, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.126996, "energy": 82.632704, "activity_lines": [ 24.126712, 23.74332, 23.378076, 23.228621 ] }, { "date": "2025-06-13", "close": 24.502949, "volume": 124637, "typical_volume": 235097.35, "trend": 23.137673, "fair_value": 19.873611, "relative_strength": 0.518142, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.051079, "energy": 83.718319, "activity_lines": [ 24.286814, 23.952642, 23.501721, 23.32034 ] }, { "date": "2025-06-20", "close": 24.440756, "volume": 99485, "typical_volume": 233059.05, "trend": 23.179466, "fair_value": 19.917233, "relative_strength": 0.260802, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.770451, "energy": 80.115919, "activity_lines": [ 24.369634, 24.108981, 23.612653, 23.40441 ] }, { "date": "2025-06-27", "close": 24.492525, "volume": 154650, "typical_volume": 224213.95, "trend": 23.219923, "fair_value": 19.96125, "relative_strength": -0.282477, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.609092, "energy": 75.147699, "activity_lines": [ 24.437974, 24.232315, 23.722316, 23.489124 ] }, { "date": "2025-07-04", "close": 24.814795, "volume": 83496, "typical_volume": 221343.45, "trend": 23.270443, "fair_value": 20.006626, "relative_strength": -0.339102, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.418232, "energy": 86.63077, "activity_lines": [ 24.57855, 24.381562, 23.855494, 23.592019 ] }, { "date": "2025-07-11", "close": 24.92915, "volume": 174752, "typical_volume": 221759.5, "trend": 23.338681, "fair_value": 20.055802, "relative_strength": 0.17981, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.82089, "energy": 90.747981, "activity_lines": [ 24.717798, 24.519428, 23.990655, 23.699032 ] }, { "date": "2025-07-18", "close": 24.991526, "volume": 154838, "typical_volume": 217210.75, "trend": 23.428668, "fair_value": 20.102723, "relative_strength": -0.651752, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.955229, "energy": 91.265179, "activity_lines": [ 24.836295, 24.639825, 24.122596, 23.805667 ] }, { "date": "2025-07-25", "close": 25.251421, "volume": 134828, "typical_volume": 211937.3, "trend": 23.522231, "fair_value": 20.147522, "relative_strength": -0.290774, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.225007, "energy": 94.309289, "activity_lines": [ 25.008852, 24.78317, 24.27125, 23.923264 ] }, { "date": "2025-08-01", "close": 24.928307, "volume": 193078, "typical_volume": 209445.5, "trend": 23.595497, "fair_value": 20.191021, "relative_strength": 0.162682, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.888882, "energy": 86.449719, "activity_lines": [ 25.019659, 24.844373, 24.378385, 24.013979 ] }, { "date": "2025-08-08", "close": 25.084694, "volume": 176529, "typical_volume": 212428.15, "trend": 23.67976, "fair_value": 20.232206, "relative_strength": -1.849995, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.03944, "energy": 77.548185, "activity_lines": [ 25.053544, 24.916489, 24.490572, 24.110056 ] }, { "date": "2025-08-15", "close": 25.387045, "volume": 108648, "typical_volume": 212344.1, "trend": 23.763894, "fair_value": 20.2745, "relative_strength": -1.175852, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.105042, "energy": 72.400852, "activity_lines": [ 25.170219, 25.027913, 24.62214, 24.220203 ] }, { "date": "2025-08-22", "close": 25.835358, "volume": 136884, "typical_volume": 199525.25, "trend": 23.855828, "fair_value": 20.321503, "relative_strength": -0.938315, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.308777, "energy": 75.122732, "activity_lines": [ 25.405806, 25.201193, 24.785794, 24.353846 ] }, { "date": "2025-08-29", "close": 26.106693, "volume": 124449, "typical_volume": 164523.5, "trend": 23.95476, "fair_value": 20.373573, "relative_strength": -0.690904, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.552135, "energy": 89.463916, "activity_lines": [ 25.675582, 25.399582, 24.958029, 24.499063 ] }, { "date": "2025-09-05", "close": 26.305347, "volume": 92566, "typical_volume": 155538.15, "trend": 24.065432, "fair_value": 20.424481, "relative_strength": -1.536452, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.702802, "energy": 94.137362, "activity_lines": [ 25.954558, 25.603799, 25.130141, 24.650714 ] }, { "date": "2025-09-12", "close": 26.53536, "volume": 234500, "typical_volume": 153088.55, "trend": 24.185137, "fair_value": 20.478645, "relative_strength": -1.409925, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.448892, "energy": 94.889843, "activity_lines": [ 26.218402, 25.816876, 25.306967, 24.810064 ] }, { "date": "2025-09-19", "close": 26.754919, "volume": 254040, "typical_volume": 154294.75, "trend": 24.310113, "fair_value": 20.538555, "relative_strength": -2.153838, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.305471, "energy": 92.155482, "activity_lines": [ 26.458721, 26.038591, 25.488084, 24.975857 ] }, { "date": "2025-09-26", "close": 27.068575, "volume": 193826, "typical_volume": 151966.6, "trend": 24.435632, "fair_value": 20.602141, "relative_strength": -0.942825, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.540721, "energy": 90.648562, "activity_lines": [ 26.712401, 26.284138, 25.682834, 25.153822 ] }, { "date": "2025-10-03", "close": 27.425014, "volume": 141373, "typical_volume": 150825.85, "trend": 24.583302, "fair_value": 20.66813, "relative_strength": -1.928999, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.662463, "energy": 89.797486, "activity_lines": [ 27.00268, 26.556727, 25.895274, 25.346685 ] }, { "date": "2025-10-10", "close": 27.068575, "volume": 172415, "typical_volume": 154173.1, "trend": 24.723541, "fair_value": 20.732908, "relative_strength": -1.161992, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.414582, "energy": 68.476808, "activity_lines": [ 27.086257, 26.72499, 26.057289, 25.507026 ] }, { "date": "2025-10-17", "close": 27.131477, "volume": 161850, "typical_volume": 153864.55, "trend": 24.857661, "fair_value": 20.795286, "relative_strength": -1.73224, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.854711, "energy": 67.513064, "activity_lines": [ 27.13992, 26.865775, 26.210515, 25.662376 ] }, { "date": "2025-10-24", "close": 27.351629, "volume": 144458, "typical_volume": 153065.1, "trend": 24.997429, "fair_value": 20.855192, "relative_strength": -1.679658, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.256457, "energy": 69.232637, "activity_lines": [ 27.227225, 27.009374, 26.370858, 25.823277 ] }, { "date": "2025-10-31", "close": 27.236742, "volume": 170452, "typical_volume": 155355.85, "trend": 25.16496, "fair_value": 20.914721, "relative_strength": -1.741395, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.828111, "energy": 65.109847, "activity_lines": [ 27.236455, 27.096364, 26.505757, 25.967749 ] }, { "date": "2025-11-07", "close": 27.446983, "volume": 170357, "typical_volume": 158899.45, "trend": 25.342933, "fair_value": 20.972545, "relative_strength": 0.180296, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.238705, "energy": 67.218042, "activity_lines": [ 27.304553, 27.1961, 26.647661, 26.114976 ] }, { "date": "2025-11-14", "close": 28.046167, "volume": 238519, "typical_volume": 163092.9, "trend": 25.521305, "fair_value": 21.034149, "relative_strength": 0.951152, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.10007, "energy": 72.38169, "activity_lines": [ 27.570915, 27.38041, 26.832314, 26.289379 ] }, { "date": "2025-11-21", "close": 27.793879, "volume": 222063, "typical_volume": 170021.25, "trend": 25.679592, "fair_value": 21.091562, "relative_strength": 0.571385, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.571692, "energy": 67.574231, "activity_lines": [ 27.688008, 27.487199, 26.976018, 26.435996 ] }, { "date": "2025-11-28", "close": 28.456991, "volume": 125010, "typical_volume": 167534.15, "trend": 25.850003, "fair_value": 21.154307, "relative_strength": -1.037248, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.9187, "energy": 74.41929, "activity_lines": [ 27.981979, 27.69167, 27.168689, 26.615183 ] }, { "date": "2025-12-05", "close": 28.467533, "volume": 138380, "typical_volume": 166711.25, "trend": 26.010431, "fair_value": 21.219523, "relative_strength": -0.779631, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.533041, "energy": 80.712443, "activity_lines": [ 28.205772, 27.867112, 27.345565, 26.784056 ] }, { "date": "2025-12-12", "close": 28.667782, "volume": 132490, "typical_volume": 166594.35, "trend": 26.1672, "fair_value": 21.289026, "relative_strength": -0.774469, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.172706, "energy": 82.410242, "activity_lines": [ 28.414263, 28.053527, 27.52496, 26.955498 ] }, { "date": "2025-12-19", "close": 28.699406, "volume": 153714, "typical_volume": 164626.15, "trend": 26.325023, "fair_value": 21.35795, "relative_strength": -1.374417, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.908173, "energy": 84.333683, "activity_lines": [ 28.551908, 28.223096, 27.691098, 27.118866 ] }, { "date": "2025-12-26", "close": 28.920736, "volume": 133518, "typical_volume": 162475.6, "trend": 26.481612, "fair_value": 21.429078, "relative_strength": -1.368796, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.482069, "energy": 82.066436, "activity_lines": [ 28.71978, 28.403256, 27.860358, 27.286332 ] }, { "date": "2026-01-02", "close": 27.18466, "volume": 128948, "typical_volume": 163490.6, "trend": 26.577566, "fair_value": 21.486062, "relative_strength": -6.845621, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.472992, "energy": 46.205106, "activity_lines": [ 28.233837, 28.235233, 27.84601, 27.33169 ] }, { "date": "2026-01-09", "close": 27.411858, "volume": 300600, "typical_volume": 171676.4, "trend": 26.67453, "fair_value": 21.541608, "relative_strength": -8.032537, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.904572, "energy": 30.216707, "activity_lines": [ 27.908449, 28.111555, 27.84474, 27.385515 ] }, { "date": "2026-01-16", "close": 28.034182, "volume": 305900, "typical_volume": 180748.95, "trend": 26.794311, "fair_value": 21.600299, "relative_strength": -7.037803, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.127634, "energy": 25.456792, "activity_lines": [ 27.86088, 28.097843, 27.895232, 27.473234 ] }, { "date": "2026-01-23", "close": 28.291014, "volume": 273800, "typical_volume": 189810.65, "trend": 26.920927, "fair_value": 21.659793, "relative_strength": -6.377949, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.932012, "energy": 30.664779, "activity_lines": [ 27.941162, 28.120151, 27.961006, 27.569796 ] }, { "date": "2026-01-30", "close": 27.874876, "volume": 276800, "typical_volume": 191925.65, "trend": 27.02293, "fair_value": 21.7168, "relative_strength": -4.158643, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.966608, "energy": 18.390362, "activity_lines": [ 27.909957, 28.062346, 27.977692, 27.631341 ] }, { "date": "2026-02-06", "close": 28.627449, "volume": 418200, "typical_volume": 200133.65, "trend": 27.146207, "fair_value": 21.779237, "relative_strength": -3.186234, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.993495, "energy": 37.72387, "activity_lines": [ 28.199334, 28.139899, 28.059673, 27.734858 ] }, { "date": "2026-02-13", "close": 29.280998, "volume": 429800, "typical_volume": 211932.35, "trend": 27.289189, "fair_value": 21.845803, "relative_strength": -2.749645, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 77.804036, "energy": 55.209627, "activity_lines": [ 28.610375, 28.333181, 28.19498, 27.872587 ] }, { "date": "2026-02-20", "close": 29.677088, "volume": 195100, "typical_volume": 214618.7, "trend": 27.436711, "fair_value": 21.916177, "relative_strength": -3.526055, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.872357, "energy": 77.988221, "activity_lines": [ 29.028836, 28.583689, 28.357474, 28.026645 ] }, { "date": "2026-02-27", "close": 30.237045, "volume": 237300, "typical_volume": 217862.95, "trend": 27.613669, "fair_value": 21.988622, "relative_strength": -3.125251, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.514166, "energy": 90.870445, "activity_lines": [ 29.524423, 28.917656, 28.562573, 28.207311 ] }, { "date": "2026-03-06", "close": 29.482607, "volume": 303300, "typical_volume": 224935.45, "trend": 27.760266, "fair_value": 22.06036, "relative_strength": -1.877404, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.976123, "energy": 81.086112, "activity_lines": [ 29.638795, 29.086495, 28.680734, 28.327888 ] }, { "date": "2026-03-13", "close": 29.41312, "volume": 323100, "typical_volume": 233867.55, "trend": 27.894469, "fair_value": 22.134082, "relative_strength": -0.421423, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.930609, "energy": 72.897254, "activity_lines": [ 29.622822, 29.232484, 28.78108, 28.434524 ] }, { "date": "2026-03-20", "close": 28.75795, "volume": 280500, "typical_volume": 239369.95, "trend": 27.991889, "fair_value": 22.202996, "relative_strength": 1.182702, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.974295, "energy": 44.682598, "activity_lines": [ 29.336082, 29.218835, 28.809213, 28.490232 ] }, { "date": "2026-03-27", "close": 29.353559, "volume": 324900, "typical_volume": 247097.1, "trend": 28.100117, "fair_value": 22.272807, "relative_strength": 1.235852, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.825224, "energy": 30.484775, "activity_lines": [ 29.282748, 29.289003, 28.886827, 28.578082 ] }, { "date": "2026-04-03", "close": 30.094988, "volume": 272300, "typical_volume": 248786.15, "trend": 28.226439, "fair_value": 22.345603, "relative_strength": 0.298975, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.984161, "energy": 43.398303, "activity_lines": [ 29.498125, 29.469988, 29.025973, 28.706783 ] }, { "date": "2026-04-10", "close": 30.532879, "volume": 324800, "typical_volume": 253923.0, "trend": 28.359689, "fair_value": 22.419072, "relative_strength": 0.049923, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.540506, "energy": 51.972551, "activity_lines": [ 29.868936, 29.69779, 29.197068, 28.855586 ] }, { "date": "2026-04-17", "close": 30.483116, "volume": 187400, "typical_volume": 257042.5, "trend": 28.483963, "fair_value": 22.491797, "relative_strength": -1.899611, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.330753, "energy": 74.310429, "activity_lines": [ 30.153142, 29.868217, 29.35038, 28.992581 ] }, { "date": "2026-04-24", "close": 30.423405, "volume": 236100, "typical_volume": 261928.5, "trend": 28.59579, "fair_value": 22.56395, "relative_strength": -0.740367, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.727665, "energy": 77.582068, "activity_lines": [ 30.346111, 29.994048, 29.488358, 29.117706 ] }, { "date": "2026-05-01", "close": 30.706114, "volume": 230700, "typical_volume": 266839.0, "trend": 28.70516, "fair_value": 22.63969, "relative_strength": 0.276863, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.966696, "energy": 80.162847, "activity_lines": [ 30.522286, 30.150509, 29.643946, 29.253856 ] }, { "date": "2026-05-08", "close": 30.775785, "volume": 223500, "typical_volume": 270328.3, "trend": 28.828734, "fair_value": 22.716733, "relative_strength": 0.017354, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.70434, "energy": 77.090456, "activity_lines": [ 30.631514, 30.300929, 29.796464, 29.387445 ] }, { "date": "2026-05-15", "close": 31.193829, "volume": 215900, "typical_volume": 274447.4, "trend": 28.964146, "fair_value": 22.79725, "relative_strength": 2.109848, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.987993, "energy": 77.727047, "activity_lines": [ 30.834704, 30.517561, 29.978907, 29.540032 ] }, { "date": "2026-05-22", "close": 31.970188, "volume": 227800, "typical_volume": 279390.0, "trend": 29.118098, "fair_value": 22.88519, "relative_strength": 2.71112, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.678399, "energy": 89.332967, "activity_lines": [ 31.252616, 30.844236, 30.224465, 29.73397 ] }, { "date": "2026-05-29", "close": 31.66646, "volume": 207700, "typical_volume": 274745.0, "trend": 29.265755, "fair_value": 22.970817, "relative_strength": 0.895744, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.08025, "energy": 84.842323, "activity_lines": [ 31.470148, 31.069196, 30.418309, 29.898381 ] }, { "date": "2026-06-05", "close": 31.965765, "volume": 57500, "typical_volume": 262325.0, "trend": 29.416381, "fair_value": 23.058976, "relative_strength": 2.881647, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.314911, "energy": 88.781205, "activity_lines": [ 31.704578, 31.295693, 30.620398, 30.072575 ] }, { "date": "2026-06-12", "close": 32.384792, "volume": 68900, "typical_volume": 252080.0, "trend": 29.561002, "fair_value": 23.149698, "relative_strength": 2.660512, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.041163, "energy": 91.692245, "activity_lines": [ 31.994707, 31.550881, 30.843672, 30.264085 ] }, { "date": "2026-06-19", "close": 32.354862, "volume": 30300, "typical_volume": 239755.0, "trend": 29.713035, "fair_value": 23.24342, "relative_strength": 2.468444, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.27675, "energy": 89.959529, "activity_lines": [ 32.167592, 31.758996, 31.044602, 30.444334 ] }, { "date": "2026-06-26", "close": 32.221687, "volume": 45900, "typical_volume": 221140.0, "trend": 29.838524, "fair_value": 23.332045, "relative_strength": 2.006559, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.530878, "energy": 87.569343, "activity_lines": [ 32.218683, 31.90977, 31.211515, 30.606183 ] }, { "date": "2026-07-03", "close": 32.356384, "volume": 31100, "typical_volume": 201205.0, "trend": 29.968153, "fair_value": 23.423073, "relative_strength": 1.654775, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.480546, "energy": 88.158635, "activity_lines": [ 32.297907, 32.053423, 31.374141, 30.768625 ] }, { "date": "2026-07-10", "close": 32.565907, "volume": 267400, "typical_volume": 204820.0, "trend": 30.09809, "fair_value": 23.514212, "relative_strength": 2.145169, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.636128, "energy": 86.117647, "activity_lines": [ 32.400977, 32.200027, 31.542077, 30.936222 ] }, { "date": "2026-07-17", "close": 33.02486, "volume": 310500, "typical_volume": 208480.0, "trend": 30.242272, "fair_value": 23.60626, "relative_strength": 3.658784, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.218548, "energy": 77.528194, "activity_lines": [ 32.617021, 32.396262, 31.739966, 31.125046 ] }, { "date": "2026-07-24", "close": 33.254345, "volume": 183800, "typical_volume": 202505.0, "trend": 30.386726, "fair_value": 23.700521, "relative_strength": 4.020381, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.304963, "energy": 73.71812, "activity_lines": [ 32.866889, 32.59333, 31.946436, 31.319373 ] }, { "date": "2026-07-31", "close": 33.130001, "volume": 277000, "typical_volume": 200200.0, "trend": 30.584904, "fair_value": 23.795468, "relative_strength": 4.01246, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.162127, "energy": 70.093386, "activity_lines": [ 33.015344, 32.730325, 32.123102, 31.496359 ] }, { "date": "2026-08-07", "close": 33.27, "volume": 196300, "typical_volume": 195990.0, "trend": 30.780175, "fair_value": 23.890262, "relative_strength": 1.112401, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.54544, "energy": 70.333529, "activity_lines": [ 33.149911, 32.871688, 32.295403, 31.669591 ] } ], "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." } } }