{ "ticker": { "uuid": "1839b590-eb81-4101-959b-660ea18ec789", "symbol": "PHE-B", "name": "Purpose Tactical Hedged Equity Fund Ser ETF Non-Ccy Hdg", "exchange": "TOR", "country": "CA", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GSPTSE", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 51.716, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 91.754, "architecture_energy": 72.497, "architecture_maturity": 55.038, "architecture_confidence": 66.025, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 13.42, "rotation_up": 64.34, "upward_expansion": 85.33, "deceleration": 68.24, "rotation_down": 24.65, "downward_expansion": 12.0 }, "activity_lines": [ 47.551333, 47.337273, 46.813619, 46.27486 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 48.490002, "trend_reference": 45.727167, "distance_from_trend": 0.06042, "trend_direction": "Improving", "fair_value": 40.121573, "distance_from_fair_value": 0.208577, "fair_value_direction": "Improving", "relative_strength": -5.055512, "relative_strength_direction": "Improving", "price_momentum": 0.074452, "excess_performance": -0.04597, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.06042, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.012705, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.208577, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.034345, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.050555, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.029128, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.074452, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.744681, "read": "Supply-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 0.744681, "dry_up": 0.537249, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.011025, "annualized_volatility": 0.084576, "from_high_reference": -0.002879, "from_low_reference": 0.136129 }, "levels": { "trend_reference": 45.727167, "fair_value_reference": 40.121573, "structural_low": 43.259998, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 44, "median_return": 0.012105, "positive_rate": 0.659091, "directional_follow_through": 0.659091, "median_excess_return": -0.007236, "regime_survival": 0.795455, "best_return": 0.072308, "worst_return": -0.059975, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 15, "median_return": 0.020756, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": -0.014242, "regime_survival": 0.6, "best_return": 0.093257, "worst_return": -0.054829, "sufficient": true }, { "horizon": "Extended", "sample_count": 9, "median_return": 0.057002, "positive_rate": 0.777778, "directional_follow_through": 0.777778, "median_excess_return": -0.012909, "regime_survival": 0.666667, "best_return": 0.102182, "worst_return": -0.110687, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.10695, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.011359, "regime_survival": 0.5, "best_return": 0.210757, "worst_return": -0.028753, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-27", "end": "2025-02-28", "tenure": "Established", "return": 0.077177, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-07", "end": "2025-03-28", "tenure": "New", "return": -0.013685, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-25", "tenure": "New", "return": 0.008333, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-02", "end": "2025-05-30", "tenure": "Developing", "return": 0.033401, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-06-20", "tenure": "New", "return": 0.004695, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-27", "end": "2025-07-25", "tenure": "Developing", "return": 0.027288, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-12-19", "tenure": "Established", "return": 0.047152, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-26", "end": "2026-01-16", "tenure": "New", "return": 0.021758, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-01-30", "tenure": "New", "return": -0.017203, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-06", "end": "2026-03-13", "tenure": "Developing", "return": -0.028584, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": -0.005746, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": 0.037695, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-01", "end": "2026-06-05", "tenure": "Developing", "return": 0.025545, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": 0.043244, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 32.292641, "volume": 5100, "typical_volume": 1615.0, "trend": 31.702428, "fair_value": 29.107668, "relative_strength": 5.004771, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.569356, "energy": 77.67708, "activity_lines": [ 32.433713, 32.255597, 32.028256, 31.886458 ] }, { "date": "2023-08-25", "close": 32.332005, "volume": 100, "typical_volume": 1595.0, "trend": 31.747702, "fair_value": 29.148265, "relative_strength": 4.815892, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.856901, "energy": 67.602074, "activity_lines": [ 32.411403, 32.301229, 32.071749, 31.927076 ] }, { "date": "2023-09-01", "close": 33.040653, "volume": 3400, "typical_volume": 1680.0, "trend": 31.801835, "fair_value": 29.19691, "relative_strength": 3.235246, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.794986, "energy": 74.612782, "activity_lines": [ 32.607592, 32.463895, 32.178327, 32.010492 ] }, { "date": "2023-09-08", "close": 32.942234, "volume": 300, "typical_volume": 1540.0, "trend": 31.858921, "fair_value": 29.244955, "relative_strength": 5.090739, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.092156, "energy": 73.158071, "activity_lines": [ 32.736199, 32.577708, 32.26719, 32.084066 ] }, { "date": "2023-09-15", "close": 32.706017, "volume": 100, "typical_volume": 1500.0, "trend": 31.895337, "fair_value": 29.291485, "relative_strength": 1.419007, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.687369, "energy": 64.755769, "activity_lines": [ 32.758509, 32.631394, 32.327837, 32.138718 ] }, { "date": "2023-09-22", "close": 31.682413, "volume": 300, "typical_volume": 1405.0, "trend": 31.90846, "fair_value": 29.333426, "relative_strength": 2.35569, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.507491, "energy": 26.326502, "activity_lines": [ 32.431743, 32.48179, 32.288233, 32.124981 ] }, { "date": "2023-09-29", "close": 31.593832, "volume": 10100, "typical_volume": 1810.0, "trend": 31.909444, "fair_value": 29.371795, "relative_strength": 3.235889, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.162029, "energy": 15.062222, "activity_lines": [ 32.116132, 32.322523, 32.239115, 32.104682 ] }, { "date": "2023-10-06", "close": 31.869419, "volume": 11100, "typical_volume": 2360.0, "trend": 31.918631, "fair_value": 29.41193, "relative_strength": 5.605603, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.048662, "energy": 28.510484, "activity_lines": [ 31.941595, 32.221952, 32.2169, 32.1021 ] }, { "date": "2023-10-13", "close": 31.987526, "volume": 9700, "typical_volume": 2725.0, "trend": 31.945861, "fair_value": 29.452822, "relative_strength": 4.725736, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.422773, "energy": 36.250154, "activity_lines": [ 31.88451, 32.154667, 32.206448, 32.106545 ] }, { "date": "2023-10-20", "close": 31.948156, "volume": 9900, "typical_volume": 3150.0, "trend": 31.969154, "fair_value": 29.491209, "relative_strength": 6.330777, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.583658, "energy": 31.658876, "activity_lines": [ 31.877948, 32.090065, 32.191591, 32.106693 ] }, { "date": "2023-10-27", "close": 31.524937, "volume": 11400, "typical_volume": 3705.0, "trend": 31.971123, "fair_value": 29.530763, "relative_strength": 6.845419, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.018418, "energy": 48.566159, "activity_lines": [ 31.780837, 31.960146, 32.13399, 32.078034 ] }, { "date": "2023-11-03", "close": 32.371376, "volume": 8500, "typical_volume": 4075.0, "trend": 32.003274, "fair_value": 29.575744, "relative_strength": 3.548122, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 1.037039, "energy": 8.445058, "activity_lines": [ 31.976371, 31.998084, 32.157752, 32.103856 ] }, { "date": "2023-11-10", "close": 32.706017, "volume": 100, "typical_volume": 3935.0, "trend": 32.050518, "fair_value": 29.622869, "relative_strength": 5.317988, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.038767, "energy": 25.843719, "activity_lines": [ 32.231616, 32.09615, 32.210103, 32.149195 ] }, { "date": "2023-11-17", "close": 33.552456, "volume": 1800, "typical_volume": 3970.0, "trend": 32.110884, "fair_value": 29.670163, "relative_strength": 5.086276, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 81.991301, "energy": 61.081312, "activity_lines": [ 32.713234, 32.354197, 32.336554, 32.246094 ] }, { "date": "2023-11-24", "close": 33.670563, "volume": 0, "typical_volume": 3940.0, "trend": 32.162392, "fair_value": 29.717651, "relative_strength": 5.64059, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.899202, "energy": 85.59644, "activity_lines": [ 33.129892, 32.622624, 32.466847, 32.346718 ] }, { "date": "2023-12-01", "close": 33.306396, "volume": 1200, "typical_volume": 3870.0, "trend": 32.22407, "fair_value": 29.762554, "relative_strength": 2.594578, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.471402, "energy": 83.827455, "activity_lines": [ 33.310334, 32.807302, 32.553366, 32.420525 ] }, { "date": "2023-12-08", "close": 33.493401, "volume": 1700, "typical_volume": 3930.0, "trend": 32.282796, "fair_value": 29.809908, "relative_strength": 3.70069, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.615164, "energy": 86.816124, "activity_lines": [ 33.434347, 32.996453, 32.651648, 32.502417 ] }, { "date": "2023-12-15", "close": 33.473713, "volume": 1100, "typical_volume": 3975.0, "trend": 32.332664, "fair_value": 29.857135, "relative_strength": 2.598221, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.634686, "energy": 82.83079, "activity_lines": [ 33.476996, 33.147488, 32.74126, 32.579251 ] }, { "date": "2023-12-22", "close": 33.276871, "volume": 6000, "typical_volume": 4270.0, "trend": 32.380235, "fair_value": 29.903101, "relative_strength": 0.257513, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.372001, "energy": 71.481439, "activity_lines": [ 33.402851, 33.233563, 32.807579, 32.640167 ] }, { "date": "2023-12-29", "close": 33.227657, "volume": 400, "typical_volume": 4115.0, "trend": 32.439945, "fair_value": 29.946561, "relative_strength": -0.268424, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.295476, "energy": 53.276821, "activity_lines": [ 33.330674, 33.287249, 32.865648, 32.69484 ] }, { "date": "2024-01-05", "close": 33.099709, "volume": 500, "typical_volume": 3885.0, "trend": 32.487188, "fair_value": 29.9892, "relative_strength": -0.599514, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.655759, "energy": 41.087255, "activity_lines": [ 33.245374, 33.294407, 32.908486, 32.737405 ] }, { "date": "2024-01-12", "close": 33.749302, "volume": 1400, "typical_volume": 3950.0, "trend": 32.556084, "fair_value": 30.036004, "relative_strength": 0.983314, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.706708, "energy": 47.697247, "activity_lines": [ 33.390385, 33.391041, 33.009346, 32.818832 ] }, { "date": "2024-01-19", "close": 34.005199, "volume": 300, "typical_volume": 3795.0, "trend": 32.644993, "fair_value": 30.082195, "relative_strength": 1.995884, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 80.473649, "energy": 60.770475, "activity_lines": [ 33.603634, 33.509148, 33.127829, 32.912323 ] }, { "date": "2024-01-26", "close": 34.477631, "volume": 5600, "typical_volume": 4060.0, "trend": 32.727669, "fair_value": 30.129099, "relative_strength": 2.173295, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.005056, "energy": 89.921017, "activity_lines": [ 33.938929, 33.689531, 33.286712, 33.030558 ] }, { "date": "2024-02-02", "close": 34.556374, "volume": 12200, "typical_volume": 4665.0, "trend": 32.820843, "fair_value": 30.176508, "relative_strength": 2.44717, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.956541, "energy": 94.270945, "activity_lines": [ 34.22042, 33.867409, 33.445783, 33.148539 ] }, { "date": "2024-02-09", "close": 34.792583, "volume": 500, "typical_volume": 4675.0, "trend": 32.912704, "fair_value": 30.22543, "relative_strength": 3.343051, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.594383, "energy": 94.962271, "activity_lines": [ 34.492067, 34.072128, 33.618538, 33.275748 ] }, { "date": "2024-02-16", "close": 34.989433, "volume": 5700, "typical_volume": 4455.0, "trend": 33.010143, "fair_value": 30.275615, "relative_strength": 2.595487, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.545397, "energy": 95.877126, "activity_lines": [ 34.716472, 34.285617, 33.795231, 33.40973 ] }, { "date": "2024-02-23", "close": 35.314232, "volume": 9200, "typical_volume": 4360.0, "trend": 33.103317, "fair_value": 30.327882, "relative_strength": 2.66061, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.988793, "energy": 96.69373, "activity_lines": [ 34.966468, 34.53096, 33.986688, 33.558381 ] }, { "date": "2024-03-01", "close": 35.530758, "volume": 400, "typical_volume": 3895.0, "trend": 33.20338, "fair_value": 30.381536, "relative_strength": 2.481909, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.630994, "energy": 96.59589, "activity_lines": [ 35.20137, 34.782207, 34.182363, 33.71499 ] }, { "date": "2024-03-08", "close": 35.314232, "volume": 2400, "typical_volume": 3520.0, "trend": 33.294258, "fair_value": 30.433803, "relative_strength": 0.957573, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.500235, "energy": 89.54598, "activity_lines": [ 35.293889, 34.953106, 34.340543, 33.851174 ] }, { "date": "2024-03-15", "close": 35.609501, "volume": 7900, "typical_volume": 3345.0, "trend": 33.40482, "fair_value": 30.487962, "relative_strength": 1.254598, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.681676, "energy": 85.333582, "activity_lines": [ 35.434307, 35.139753, 34.510815, 34.000545 ] }, { "date": "2024-03-22", "close": 36.003193, "volume": 2500, "typical_volume": 3045.0, "trend": 33.527193, "fair_value": 30.544645, "relative_strength": 1.70298, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.84566, "energy": 82.817543, "activity_lines": [ 35.651494, 35.352347, 34.699132, 34.168182 ] }, { "date": "2024-03-29", "close": 35.924454, "volume": 9400, "typical_volume": 3510.0, "trend": 33.62332, "fair_value": 30.600824, "relative_strength": 0.57699, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.228398, "energy": 72.637308, "activity_lines": [ 35.774851, 35.509645, 34.862655, 34.322844 ] }, { "date": "2024-04-05", "close": 35.766975, "volume": 6600, "typical_volume": 3750.0, "trend": 33.717478, "fair_value": 30.655993, "relative_strength": -0.36311, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.260049, "energy": 68.093382, "activity_lines": [ 35.805034, 35.603415, 34.995854, 34.461144 ] }, { "date": "2024-04-12", "close": 35.835873, "volume": 3100, "typical_volume": 3905.0, "trend": 33.821806, "fair_value": 30.706284, "relative_strength": 1.349691, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.879117, "energy": 67.508801, "activity_lines": [ 35.842434, 35.68627, 35.12507, 34.597815 ] }, { "date": "2024-04-19", "close": 35.018963, "volume": 1700, "typical_volume": 3930.0, "trend": 33.933024, "fair_value": 30.751338, "relative_strength": -0.625247, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.572105, "energy": 57.144801, "activity_lines": [ 35.572756, 35.597331, 35.166173, 34.675051 ] }, { "date": "2024-04-26", "close": 35.255177, "volume": 300, "typical_volume": 3860.0, "trend": 34.055069, "fair_value": 30.797906, "relative_strength": -0.748478, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.572537, "energy": 45.876906, "activity_lines": [ 35.421184, 35.547225, 35.221619, 34.760351 ] }, { "date": "2024-05-03", "close": 35.402813, "volume": 700, "typical_volume": 3840.0, "trend": 34.172849, "fair_value": 30.845421, "relative_strength": -0.330793, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.140841, "energy": 34.404766, "activity_lines": [ 35.368692, 35.51913, 35.282735, 34.847302 ] }, { "date": "2024-05-10", "close": 36.416569, "volume": 700, "typical_volume": 3575.0, "trend": 34.320484, "fair_value": 30.904066, "relative_strength": 0.768036, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 81.133907, "energy": 52.621689, "activity_lines": [ 35.688895, 35.673744, 35.431213, 34.992058 ] }, { "date": "2024-05-17", "close": 36.623257, "volume": 7500, "typical_volume": 3930.0, "trend": 34.47632, "fair_value": 30.964035, "relative_strength": 0.563675, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 86.148706, "energy": 69.490783, "activity_lines": [ 36.034688, 35.849831, 35.584425, 35.140624 ] }, { "date": "2024-05-24", "close": 36.987427, "volume": 200, "typical_volume": 3915.0, "trend": 34.658403, "fair_value": 31.026339, "relative_strength": 2.150597, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.715224, "energy": 91.792787, "activity_lines": [ 36.449378, 36.068331, 35.756151, 35.302631 ] }, { "date": "2024-05-31", "close": 36.672466, "volume": 100, "typical_volume": 3850.0, "trend": 34.801773, "fair_value": 31.086624, "relative_strength": 1.423878, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.436415, "energy": 88.27448, "activity_lines": [ 36.627851, 36.204512, 35.879367, 35.432571 ] }, { "date": "2024-06-07", "close": 37.499222, "volume": 2600, "typical_volume": 3965.0, "trend": 34.961547, "fair_value": 31.152209, "relative_strength": 4.807479, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.641053, "energy": 95.630314, "activity_lines": [ 36.987423, 36.478844, 36.067402, 35.6066 ] }, { "date": "2024-06-14", "close": 37.804337, "volume": 14500, "typical_volume": 4410.0, "trend": 35.103276, "fair_value": 31.219749, "relative_strength": 7.252444, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.434692, "energy": 95.79503, "activity_lines": [ 37.308939, 36.780019, 36.267857, 35.790005 ] }, { "date": "2024-06-21", "close": 37.804337, "volume": 1500, "typical_volume": 3875.0, "trend": 35.241068, "fair_value": 31.28729, "relative_strength": 7.493707, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.034042, "energy": 91.785808, "activity_lines": [ 37.537937, 37.044151, 36.452471, 35.964267 ] }, { "date": "2024-06-28", "close": 38.011024, "volume": 2200, "typical_volume": 3960.0, "trend": 35.397889, "fair_value": 31.347894, "relative_strength": 6.307936, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.075867, "energy": 90.00939, "activity_lines": [ 37.757093, 37.310073, 36.641302, 36.142974 ] }, { "date": "2024-07-05", "close": 37.883076, "volume": 0, "typical_volume": 3675.0, "trend": 35.544212, "fair_value": 31.407678, "relative_strength": 4.927272, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.686481, "energy": 85.661405, "activity_lines": [ 37.865359, 37.49833, 36.802623, 36.303309 ] }, { "date": "2024-07-12", "close": 38.394875, "volume": 13800, "typical_volume": 3905.0, "trend": 35.708251, "fair_value": 31.470743, "relative_strength": 3.32637, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.293294, "energy": 81.693222, "activity_lines": [ 38.063517, 37.731861, 36.998907, 36.487223 ] }, { "date": "2024-07-19", "close": 38.040554, "volume": 2900, "typical_volume": 4030.0, "trend": 35.86704, "fair_value": 31.531537, "relative_strength": 2.157641, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.020805, "energy": 67.579213, "activity_lines": [ 38.083859, 37.846569, 37.146776, 36.637694 ] }, { "date": "2024-07-26", "close": 37.814175, "volume": 400, "typical_volume": 3930.0, "trend": 36.019924, "fair_value": 31.583682, "relative_strength": 0.910085, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.611176, "energy": 64.713528, "activity_lines": [ 38.012993, 37.89059, 37.261134, 36.763315 ] }, { "date": "2024-08-02", "close": 37.597649, "volume": 2600, "typical_volume": 3665.0, "trend": 36.169855, "fair_value": 31.633877, "relative_strength": 2.881616, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.882064, "energy": 53.467447, "activity_lines": [ 37.869296, 37.87359, 37.342966, 36.865104 ] }, { "date": "2024-08-09", "close": 36.957897, "volume": 8600, "typical_volume": 3970.0, "trend": 36.276809, "fair_value": 31.68773, "relative_strength": 0.681411, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.416588, "energy": 33.020244, "activity_lines": [ 37.539906, 37.729177, 37.354402, 36.915945 ] }, { "date": "2024-08-16", "close": 37.794495, "volume": 200, "typical_volume": 3510.0, "trend": 36.403118, "fair_value": 31.746947, "relative_strength": -0.370594, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.127627, "energy": 26.978168, "activity_lines": [ 37.551061, 37.731682, 37.440967, 37.013861 ] }, { "date": "2024-08-23", "close": 37.755123, "volume": 0, "typical_volume": 3180.0, "trend": 36.512368, "fair_value": 31.805911, "relative_strength": -1.453889, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.939862, "energy": 24.798594, "activity_lines": [ 37.589117, 37.721661, 37.514878, 37.101087 ] }, { "date": "2024-08-30", "close": 37.68623, "volume": 2200, "typical_volume": 3135.0, "trend": 36.616697, "fair_value": 31.864433, "relative_strength": -1.893877, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.19872, "energy": 24.518404, "activity_lines": [ 37.623238, 37.700008, 37.572761, 37.17682 ] }, { "date": "2024-09-06", "close": 37.095688, "volume": 21700, "typical_volume": 4135.0, "trend": 36.693467, "fair_value": 31.91917, "relative_strength": -1.022418, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.637836, "energy": 21.053982, "activity_lines": [ 37.469041, 37.573131, 37.56559, 37.207723 ] }, { "date": "2024-09-13", "close": 37.87323, "volume": 1200, "typical_volume": 4180.0, "trend": 36.789593, "fair_value": 31.964434, "relative_strength": -2.347338, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.420952, "energy": 28.103781, "activity_lines": [ 37.607489, 37.604268, 37.622581, 37.283836 ] }, { "date": "2024-09-20", "close": 38.335823, "volume": 2300, "typical_volume": 4260.0, "trend": 36.890313, "fair_value": 32.013884, "relative_strength": -2.396725, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.592735, "energy": 41.778206, "activity_lines": [ 37.839112, 37.719692, 37.711162, 37.383593 ] }, { "date": "2024-09-27", "close": 38.099606, "volume": 400, "typical_volume": 4245.0, "trend": 36.975941, "fair_value": 32.06182, "relative_strength": -3.330268, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.847751, "energy": 40.792693, "activity_lines": [ 37.955908, 37.793241, 37.76328, 37.461612 ] }, { "date": "2024-10-04", "close": 38.001183, "volume": 1900, "typical_volume": 3965.0, "trend": 37.065506, "fair_value": 32.109125, "relative_strength": -4.308986, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.330155, "energy": 49.833385, "activity_lines": [ 38.01693, 37.847821, 37.798009, 37.527757 ] }, { "date": "2024-10-11", "close": 39.231472, "volume": 800, "typical_volume": 3995.0, "trend": 37.186239, "fair_value": 32.170794, "relative_strength": -2.409909, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.691998, "energy": 78.776176, "activity_lines": [ 38.467052, 38.12269, 37.943347, 37.667496 ] }, { "date": "2024-10-18", "close": 39.802322, "volume": 100, "typical_volume": 3995.0, "trend": 37.312876, "fair_value": 32.234057, "relative_strength": -2.313561, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.692393, "energy": 90.341147, "activity_lines": [ 38.965072, 38.471644, 38.132366, 37.836276 ] }, { "date": "2024-10-25", "close": 39.733429, "volume": 2600, "typical_volume": 3995.0, "trend": 37.439842, "fair_value": 32.297003, "relative_strength": -0.984782, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.193161, "energy": 93.22342, "activity_lines": [ 39.311521, 38.756356, 38.29992, 37.99244 ] }, { "date": "2024-11-01", "close": 39.664532, "volume": 5500, "typical_volume": 3545.0, "trend": 37.569761, "fair_value": 32.357067, "relative_strength": -0.309651, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.914411, "energy": 90.36478, "activity_lines": [ 39.541831, 38.993287, 38.450273, 38.135969 ] }, { "date": "2024-11-08", "close": 40.481445, "volume": 3000, "typical_volume": 3620.0, "trend": 37.724613, "fair_value": 32.420615, "relative_strength": -0.29442, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.009199, "energy": 95.712839, "activity_lines": [ 39.940117, 39.344031, 38.669569, 38.323819 ] }, { "date": "2024-11-15", "close": 40.747189, "volume": 6300, "typical_volume": 3825.0, "trend": 37.915554, "fair_value": 32.484616, "relative_strength": -0.138893, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.429854, "energy": 95.852346, "activity_lines": [ 40.261633, 39.69227, 38.901426, 38.518824 ] }, { "date": "2024-11-22", "close": 40.766872, "volume": 3200, "typical_volume": 3985.0, "trend": 38.099277, "fair_value": 32.549993, "relative_strength": -2.181005, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.114168, "energy": 92.903732, "activity_lines": [ 40.488663, 39.977697, 39.122128, 38.70278 ] }, { "date": "2024-11-29", "close": 41.101509, "volume": 1300, "typical_volume": 3360.0, "trend": 38.289234, "fair_value": 32.61639, "relative_strength": -2.131535, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.808756, "energy": 92.326797, "activity_lines": [ 40.762935, 40.271356, 39.360968, 38.896473 ] }, { "date": "2024-12-06", "close": 41.711735, "volume": 15500, "typical_volume": 3990.0, "trend": 38.465739, "fair_value": 32.684758, "relative_strength": -0.820081, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.290192, "energy": 93.61015, "activity_lines": [ 41.14941, 40.625679, 39.645036, 39.117279 ] }, { "date": "2024-12-13", "close": 41.672367, "volume": 700, "typical_volume": 4005.0, "trend": 38.634043, "fair_value": 32.752749, "relative_strength": 0.70149, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.724207, "energy": 90.977198, "activity_lines": [ 41.386282, 40.90717, 39.907873, 39.324158 ] }, { "date": "2024-12-20", "close": 41.377098, "volume": 11600, "typical_volume": 4455.0, "trend": 38.780365, "fair_value": 32.815931, "relative_strength": 2.624234, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.380049, "energy": 78.564618, "activity_lines": [ 41.445337, 41.068227, 40.124216, 39.50113 ] }, { "date": "2024-12-27", "close": 41.652679, "volume": 600, "typical_volume": 4055.0, "trend": 38.946372, "fair_value": 32.88383, "relative_strength": 2.374038, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.845977, "energy": 75.792446, "activity_lines": [ 41.554258, 41.240377, 40.348808, 39.68644 ] }, { "date": "2025-01-03", "close": 41.229462, "volume": 1900, "typical_volume": 4140.0, "trend": 39.070714, "fair_value": 32.9482, "relative_strength": 0.139473, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.945982, "energy": 65.376777, "activity_lines": [ 41.463053, 41.301937, 40.510738, 39.833736 ] }, { "date": "2025-01-10", "close": 40.648766, "volume": 3700, "typical_volume": 4325.0, "trend": 39.165528, "fair_value": 33.01362, "relative_strength": -0.090968, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.14101, "energy": 56.013495, "activity_lines": [ 41.169752, 41.230714, 40.601006, 39.935546 ] }, { "date": "2025-01-17", "close": 41.131039, "volume": 1200, "typical_volume": 4275.0, "trend": 39.276418, "fair_value": 33.087342, "relative_strength": -0.132924, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.357422, "energy": 50.234804, "activity_lines": [ 41.108073, 41.229283, 40.723426, 40.062353 ] }, { "date": "2025-01-24", "close": 42.095585, "volume": 200, "typical_volume": 3200.0, "trend": 39.41257, "fair_value": 33.164567, "relative_strength": 0.576867, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.818577, "energy": 59.358619, "activity_lines": [ 41.403999, 41.391413, 40.921303, 40.244235 ] }, { "date": "2025-01-31", "close": 41.869999, "volume": 8100, "typical_volume": 3545.0, "trend": 39.545468, "fair_value": 33.237317, "relative_strength": -0.216302, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.85909, "energy": 57.952139, "activity_lines": [ 41.57683, 41.48801, 41.073887, 40.402779 ] }, { "date": "2025-02-07", "close": 41.380001, "volume": 900, "typical_volume": 3475.0, "trend": 39.644972, "fair_value": 33.308124, "relative_strength": -1.000101, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.238669, "energy": 55.522313, "activity_lines": [ 41.57184, 41.475461, 41.160773, 40.521136 ] }, { "date": "2025-02-14", "close": 41.27, "volume": 2800, "typical_volume": 3595.0, "trend": 39.75262, "fair_value": 33.381318, "relative_strength": -1.388675, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.426115, "energy": 53.18418, "activity_lines": [ 41.520147, 41.437847, 41.222685, 40.625976 ] }, { "date": "2025-02-21", "close": 41.23, "volume": 300, "typical_volume": 3515.0, "trend": 39.866481, "fair_value": 33.455644, "relative_strength": -0.155912, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.361498, "energy": 40.947629, "activity_lines": [ 41.413706, 41.400993, 41.265692, 40.721291 ] }, { "date": "2025-02-28", "close": 41.040001, "volume": 3800, "typical_volume": 3665.0, "trend": 39.981226, "fair_value": 33.529067, "relative_strength": -1.543387, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.914524, "energy": 23.576541, "activity_lines": [ 41.237334, 41.337636, 41.275227, 40.797002 ] }, { "date": "2025-03-07", "close": 40.189999, "volume": 18800, "typical_volume": 4600.0, "trend": 40.088963, "fair_value": 33.599186, "relative_strength": -1.109363, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.192619, "energy": 18.249654, "activity_lines": [ 40.848, 41.125863, 41.195199, 40.810471 ] }, { "date": "2025-03-14", "close": 40.080002, "volume": 28600, "typical_volume": 5900.0, "trend": 40.165146, "fair_value": 33.667402, "relative_strength": -0.558019, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -15.593643, "energy": 29.938887, "activity_lines": [ 40.534001, 40.920684, 41.102848, 40.809893 ] }, { "date": "2025-03-21", "close": 40.16, "volume": 8500, "typical_volume": 6050.0, "trend": 40.245309, "fair_value": 33.73613, "relative_strength": -1.982447, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.924954, "energy": 33.744429, "activity_lines": [ 40.333334, 40.75095, 41.016466, 40.809561 ] }, { "date": "2025-03-28", "close": 39.639999, "volume": 8700, "typical_volume": 6335.0, "trend": 40.310434, "fair_value": 33.800516, "relative_strength": -2.411319, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -41.214823, "energy": 60.787257, "activity_lines": [ 40.033333, 40.495556, 40.8782, 40.770509 ] }, { "date": "2025-04-04", "close": 38.400002, "volume": 6900, "typical_volume": 6365.0, "trend": 40.353912, "fair_value": 33.85771, "relative_strength": 0.859571, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -64.510472, "energy": 80.167509, "activity_lines": [ 39.426001, 40.041819, 40.625846, 40.647255 ] }, { "date": "2025-04-11", "close": 38.25, "volume": 61700, "typical_volume": 9290.0, "trend": 40.366471, "fair_value": 33.916718, "relative_strength": -1.196768, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -61.734889, "energy": 84.46151, "activity_lines": [ 38.944667, 39.628, 40.370384, 40.511519 ] }, { "date": "2025-04-18", "close": 37.970001, "volume": 18100, "typical_volume": 10130.0, "trend": 40.354276, "fair_value": 33.973554, "relative_strength": -4.332009, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.922816, "energy": 84.766673, "activity_lines": [ 38.499334, 39.229091, 40.10024, 40.356908 ] }, { "date": "2025-04-25", "close": 38.720001, "volume": 17200, "typical_volume": 10215.0, "trend": 40.374956, "fair_value": 34.035196, "relative_strength": -4.443871, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.99888, "energy": 87.587581, "activity_lines": [ 38.444667, 39.028546, 39.916437, 40.251471 ] }, { "date": "2025-05-02", "close": 39.220001, "volume": 14800, "typical_volume": 10920.0, "trend": 40.415584, "fair_value": 34.102883, "relative_strength": -4.399301, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.483956, "energy": 77.7471, "activity_lines": [ 38.652668, 38.965273, 39.794499, 40.176958 ] }, { "date": "2025-05-09", "close": 39.459999, "volume": 700, "typical_volume": 10375.0, "trend": 40.423201, "fair_value": 34.172172, "relative_strength": -4.966599, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.784763, "energy": 51.825907, "activity_lines": [ 38.968667, 38.982182, 39.707096, 40.115307 ] }, { "date": "2025-05-16", "close": 41.060001, "volume": 6600, "typical_volume": 10675.0, "trend": 40.465124, "fair_value": 34.255818, "relative_strength": -3.395883, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.348069, "energy": 21.043177, "activity_lines": [ 39.747334, 39.318728, 39.781203, 40.156391 ] }, { "date": "2025-05-23", "close": 39.82, "volume": 6600, "typical_volume": 10910.0, "trend": 40.468009, "fair_value": 34.328361, "relative_strength": -5.849584, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.188063, "energy": 28.763663, "activity_lines": [ 39.925334, 39.414, 39.740037, 40.11477 ] }, { "date": "2025-05-30", "close": 40.529999, "volume": 0, "typical_volume": 10725.0, "trend": 40.496858, "fair_value": 34.405896, "relative_strength": -5.141442, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.84667, "energy": 24.423225, "activity_lines": [ 40.216666, 39.643091, 39.773201, 40.11877 ] }, { "date": "2025-06-06", "close": 40.470001, "volume": 400, "typical_volume": 10685.0, "trend": 40.496477, "fair_value": 34.487148, "relative_strength": -6.000914, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.637423, "energy": 23.721831, "activity_lines": [ 40.367333, 39.854546, 39.801217, 40.117037 ] }, { "date": "2025-06-13", "close": 40.57, "volume": 0, "typical_volume": 10675.0, "trend": 40.490571, "fair_value": 34.573899, "relative_strength": -5.795765, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.22495, "energy": 19.980277, "activity_lines": [ 40.468, 40.069091, 39.841905, 40.12178 ] }, { "date": "2025-06-20", "close": 40.66, "volume": 22900, "typical_volume": 11415.0, "trend": 40.487008, "fair_value": 34.657252, "relative_strength": -5.316709, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.662093, "energy": 28.91362, "activity_lines": [ 40.524667, 40.260546, 39.898429, 40.132711 ] }, { "date": "2025-06-27", "close": 41.41, "volume": 900, "typical_volume": 11415.0, "trend": 40.497291, "fair_value": 34.748757, "relative_strength": -4.061627, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.364488, "energy": 51.496425, "activity_lines": [ 40.858, 40.544546, 40.032143, 40.192259 ] }, { "date": "2025-07-04", "close": 41.32, "volume": 3800, "typical_volume": 11465.0, "trend": 40.484233, "fair_value": 34.835836, "relative_strength": -5.325412, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.434286, "energy": 59.317521, "activity_lines": [ 41.055333, 40.749636, 40.157143, 40.245337 ] }, { "date": "2025-07-11", "close": 41.830002, "volume": 500, "typical_volume": 11475.0, "trend": 40.489488, "fair_value": 34.928014, "relative_strength": -3.892354, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.542128, "energy": 68.159891, "activity_lines": [ 41.370001, 41.000182, 40.330477, 40.332161 ] }, { "date": "2025-07-18", "close": 42.27, "volume": 700, "typical_volume": 11320.0, "trend": 40.519251, "fair_value": 35.02112, "relative_strength": -3.766882, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.324355, "energy": 79.84288, "activity_lines": [ 41.740667, 41.283273, 40.542857, 40.447033 ] }, { "date": "2025-07-25", "close": 42.540001, "volume": 900, "typical_volume": 10425.0, "trend": 40.548829, "fair_value": 35.112991, "relative_strength": -3.660666, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 84.366516, "energy": 92.484127, "activity_lines": [ 42.088001, 41.564364, 40.775096, 40.577403 ] }, { "date": "2025-08-01", "close": 42.84, "volume": 3900, "typical_volume": 9190.0, "trend": 40.602513, "fair_value": 35.20483, "relative_strength": -1.153852, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.775467, "energy": 93.504292, "activity_lines": [ 42.410001, 41.873091, 41.024715, 40.725221 ] }, { "date": "2025-08-08", "close": 42.610001, "volume": 3600, "typical_volume": 8945.0, "trend": 40.667888, "fair_value": 35.293491, "relative_strength": -4.15988, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.309571, "energy": 88.617744, "activity_lines": [ 42.560001, 42.085091, 41.239286, 40.854736 ] }, { "date": "2025-08-15", "close": 43.27, "volume": 400, "typical_volume": 8530.0, "trend": 40.739186, "fair_value": 35.383038, "relative_strength": -3.08409, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.658163, "energy": 94.54601, "activity_lines": [ 42.844, 42.379273, 41.505048, 41.022615 ] }, { "date": "2025-08-22", "close": 43.299999, "volume": 0, "typical_volume": 8185.0, "trend": 40.779334, "fair_value": 35.474986, "relative_strength": -4.373534, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.772945, "energy": 93.562177, "activity_lines": [ 43.042, 42.628, 41.756381, 41.187828 ] }, { "date": "2025-08-29", "close": 43.41, "volume": 400, "typical_volume": 5120.0, "trend": 40.830667, "fair_value": 35.571867, "relative_strength": -4.798962, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.995906, "energy": 92.952073, "activity_lines": [ 43.208, 42.847091, 41.994857, 41.357549 ] }, { "date": "2025-09-05", "close": 43.75, "volume": 1400, "typical_volume": 4285.0, "trend": 40.909667, "fair_value": 35.668781, "relative_strength": -5.519535, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.318085, "energy": 94.319798, "activity_lines": [ 43.429333, 43.078, 42.241143, 41.545893 ] }, { "date": "2025-09-12", "close": 44.23, "volume": 400, "typical_volume": 3445.0, "trend": 41.008334, "fair_value": 35.769909, "relative_strength": -5.133107, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.174079, "energy": 95.081116, "activity_lines": [ 43.75, 43.353636, 42.505619, 41.760108 ] }, { "date": "2025-09-19", "close": 44.110001, "volume": 8800, "typical_volume": 3145.0, "trend": 41.104334, "fair_value": 35.869762, "relative_strength": -6.790548, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.087649, "energy": 74.771584, "activity_lines": [ 43.922667, 43.554546, 42.732429, 41.960215 ] }, { "date": "2025-09-26", "close": 44.57, "volume": 1700, "typical_volume": 3195.0, "trend": 41.222, "fair_value": 35.971807, "relative_strength": -5.690221, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.590055, "energy": 77.199991, "activity_lines": [ 44.192667, 43.797637, 42.979762, 42.183807 ] }, { "date": "2025-10-03", "close": 44.75, "volume": 2300, "typical_volume": 2980.0, "trend": 41.374, "fair_value": 36.073176, "relative_strength": -7.400117, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.970661, "energy": 85.656744, "activity_lines": [ 44.438, 44.031636, 43.219905, 42.41142 ] }, { "date": "2025-10-10", "close": 45.02, "volume": 3900, "typical_volume": 2845.0, "trend": 41.538667, "fair_value": 36.17697, "relative_strength": -4.794347, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.318096, "energy": 88.271246, "activity_lines": [ 44.684, 44.274546, 43.468191, 42.646645 ] }, { "date": "2025-10-17", "close": 44.98, "volume": 14900, "typical_volume": 3590.0, "trend": 41.699334, "fair_value": 36.278678, "relative_strength": -5.56718, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.508535, "energy": 77.292659, "activity_lines": [ 44.832, 44.470546, 43.687905, 42.868667 ] }, { "date": "2025-10-24", "close": 45.130001, "volume": 0, "typical_volume": 3570.0, "trend": 41.882334, "fair_value": 36.376553, "relative_strength": -5.858609, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.072336, "energy": 71.955674, "activity_lines": [ 44.98, 44.650728, 43.900715, 43.09 ] }, { "date": "2025-10-31", "close": 45.700001, "volume": 12200, "typical_volume": 4180.0, "trend": 42.125667, "fair_value": 36.480478, "relative_strength": -4.23263, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.062011, "energy": 76.125854, "activity_lines": [ 45.250001, 44.900728, 44.145619, 43.336301 ] }, { "date": "2025-11-07", "close": 45.439999, "volume": 200, "typical_volume": 3045.0, "trend": 42.365334, "fair_value": 36.578069, "relative_strength": -3.531742, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.181224, "energy": 70.385482, "activity_lines": [ 45.358, 45.059818, 44.341334, 43.550129 ] }, { "date": "2025-11-14", "close": 45.57, "volume": 4400, "typical_volume": 3220.0, "trend": 42.618667, "fair_value": 36.673779, "relative_strength": -4.420535, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.60338, "energy": 70.827798, "activity_lines": [ 45.463333, 45.205637, 44.526667, 43.756882 ] }, { "date": "2025-11-21", "close": 45.5, "volume": 17600, "typical_volume": 3910.0, "trend": 42.844667, "fair_value": 36.766644, "relative_strength": -3.93273, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.047721, "energy": 67.64883, "activity_lines": [ 45.508667, 45.305636, 44.685524, 43.942774 ] }, { "date": "2025-11-28", "close": 46.07, "volume": 100, "typical_volume": 3890.0, "trend": 43.073, "fair_value": 36.860386, "relative_strength": -6.362889, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.786467, "energy": 72.432925, "activity_lines": [ 45.709333, 45.486182, 44.878762, 44.15086 ] }, { "date": "2025-12-05", "close": 45.66, "volume": 100, "typical_volume": 3860.0, "trend": 43.279667, "fair_value": 36.951185, "relative_strength": -6.795617, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.044493, "energy": 65.698131, "activity_lines": [ 45.710667, 45.556546, 45.012762, 44.317764 ] }, { "date": "2025-12-12", "close": 45.080002, "volume": 1100, "typical_volume": 3870.0, "trend": 43.413667, "fair_value": 37.041294, "relative_strength": -8.363402, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.825026, "energy": 61.255043, "activity_lines": [ 45.521334, 45.501637, 45.075381, 44.433914 ] }, { "date": "2025-12-19", "close": 44.860001, "volume": 6500, "typical_volume": 4000.0, "trend": 43.581667, "fair_value": 37.131444, "relative_strength": -9.164917, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.033136, "energy": 45.123949, "activity_lines": [ 45.282668, 45.400728, 45.104953, 44.527226 ] }, { "date": "2025-12-26", "close": 45.040001, "volume": 0, "typical_volume": 3820.0, "trend": 43.732, "fair_value": 37.224073, "relative_strength": -9.190097, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.238377, "energy": 27.710712, "activity_lines": [ 45.151334, 45.335455, 45.142048, 44.621312 ] }, { "date": "2026-01-02", "close": 44.990002, "volume": 5300, "typical_volume": 4065.0, "trend": 43.882667, "fair_value": 37.316507, "relative_strength": -8.69549, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.575957, "energy": 29.564676, "activity_lines": [ 45.034001, 45.260001, 45.16281, 44.702474 ] }, { "date": "2026-01-09", "close": 46.07, "volume": 3800, "typical_volume": 4255.0, "trend": 44.066, "fair_value": 37.414161, "relative_strength": -8.334353, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.619401, "energy": 36.354661, "activity_lines": [ 45.348668, 45.383455, 45.278239, 44.843592 ] }, { "date": "2026-01-16", "close": 46.02, "volume": 100, "typical_volume": 4240.0, "trend": 44.244667, "fair_value": 37.512504, "relative_strength": -9.338614, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.261151, "energy": 53.07668, "activity_lines": [ 45.619334, 45.491092, 45.375715, 44.969656 ] }, { "date": "2026-01-23", "close": 45.34, "volume": 100, "typical_volume": 4175.0, "trend": 44.375667, "fair_value": 37.604595, "relative_strength": -10.640885, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.579777, "energy": 45.034572, "activity_lines": [ 45.600667, 45.464546, 45.396, 45.040323 ] }, { "date": "2026-01-30", "close": 44.560001, "volume": 0, "typical_volume": 4155.0, "trend": 44.483667, "fair_value": 37.688847, "relative_strength": -8.537454, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 8.806992, "energy": 18.955806, "activity_lines": [ 45.29, 45.300364, 45.334429, 45.052215 ] }, { "date": "2026-02-06", "close": 45.130001, "volume": 2800, "typical_volume": 3855.0, "trend": 44.593667, "fair_value": 37.777952, "relative_strength": -8.657133, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.139146, "energy": 11.146693, "activity_lines": [ 45.201334, 45.25691, 45.325572, 45.093914 ] }, { "date": "2026-02-13", "close": 44.59, "volume": 2100, "typical_volume": 3875.0, "trend": 44.671, "fair_value": 37.861135, "relative_strength": -11.08985, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -6.474646, "energy": 20.589854, "activity_lines": [ 44.923334, 45.132364, 45.260429, 45.093678 ] }, { "date": "2026-02-20", "close": 45.16, "volume": 6900, "typical_volume": 4105.0, "trend": 44.758334, "fair_value": 37.950053, "relative_strength": -11.592819, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.603177, "energy": 19.952973, "activity_lines": [ 44.934, 45.13091, 45.249477, 45.125226 ] }, { "date": "2026-02-27", "close": 44.91, "volume": 500, "typical_volume": 3935.0, "trend": 44.827334, "fair_value": 38.035602, "relative_strength": -13.078708, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.236926, "energy": 14.489889, "activity_lines": [ 44.918667, 45.082546, 45.212762, 45.135011 ] }, { "date": "2026-03-06", "close": 44.720001, "volume": 8700, "typical_volume": 3625.0, "trend": 44.897667, "fair_value": 38.119745, "relative_strength": -9.846819, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.099058, "energy": 27.271925, "activity_lines": [ 44.868667, 44.998728, 45.158477, 45.128086 ] }, { "date": "2026-03-13", "close": 43.84, "volume": 6000, "typical_volume": 3925.0, "trend": 44.916667, "fair_value": 38.200959, "relative_strength": -9.819559, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -53.279037, "energy": 53.248629, "activity_lines": [ 44.514667, 44.760728, 45.02162, 45.05985 ] }, { "date": "2026-03-20", "close": 43.509998, "volume": 5600, "typical_volume": 3595.0, "trend": 44.923667, "fair_value": 38.279552, "relative_strength": -6.735848, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -59.899544, "energy": 74.129081, "activity_lines": [ 44.136666, 44.483636, 44.859476, 44.969097 ] }, { "date": "2026-03-27", "close": 43.259998, "volume": 18700, "typical_volume": 4520.0, "trend": 44.918667, "fair_value": 38.355156, "relative_strength": -8.846919, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -85.58868, "energy": 90.856408, "activity_lines": [ 43.747332, 44.207636, 44.683952, 44.861764 ] }, { "date": "2026-04-03", "close": 43.904999, "volume": 11100, "typical_volume": 4855.0, "trend": 44.923834, "fair_value": 38.435272, "relative_strength": -10.311463, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.755037, "energy": 82.450125, "activity_lines": [ 43.699665, 44.09909, 44.580238, 44.796366 ] }, { "date": "2026-04-10", "close": 44.830002, "volume": 21600, "typical_volume": 5055.0, "trend": 44.943834, "fair_value": 38.522075, "relative_strength": -9.6768, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.196373, "energy": 63.662732, "activity_lines": [ 44.027333, 44.184818, 44.572548, 44.790312 ] }, { "date": "2026-04-17", "close": 45.720001, "volume": 10100, "typical_volume": 5555.0, "trend": 44.9975, "fair_value": 38.611681, "relative_strength": -9.346195, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.887627, "energy": 10.453773, "activity_lines": [ 44.644334, 44.427455, 44.65281, 44.840387 ] }, { "date": "2026-04-24", "close": 45.560001, "volume": 0, "typical_volume": 5550.0, "trend": 45.0305, "fair_value": 38.697801, "relative_strength": -8.216975, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 19.898331, "energy": 31.797321, "activity_lines": [ 45.082667, 44.630273, 44.7195, 44.876678 ] }, { "date": "2026-05-01", "close": 45.41, "volume": 100, "typical_volume": 5500.0, "trend": 45.0525, "fair_value": 38.787249, "relative_strength": -8.210712, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.697885, "energy": 39.84559, "activity_lines": [ 45.334334, 44.788182, 44.772381, 44.901162 ] }, { "date": "2026-05-08", "close": 45.650002, "volume": 0, "typical_volume": 5175.0, "trend": 45.0735, "fair_value": 38.87647, "relative_strength": -7.968299, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.233001, "energy": 45.680052, "activity_lines": [ 45.522668, 44.985182, 44.846548, 44.93971 ] }, { "date": "2026-05-15", "close": 45.939999, "volume": 100, "typical_volume": 5180.0, "trend": 45.1055, "fair_value": 38.965972, "relative_strength": -6.438834, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.093531, "energy": 67.204381, "activity_lines": [ 45.691334, 45.221455, 44.944572, 44.995613 ] }, { "date": "2026-05-22", "close": 46.060001, "volume": 0, "typical_volume": 4915.0, "trend": 45.1365, "fair_value": 39.057063, "relative_strength": -7.682934, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.942869, "energy": 68.67185, "activity_lines": [ 45.826001, 45.457364, 45.049738, 45.057194 ] }, { "date": "2026-05-29", "close": 46.209999, "volume": 100, "typical_volume": 4730.0, "trend": 45.1535, "fair_value": 39.151766, "relative_strength": -7.906901, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 51.617871, "energy": 74.58725, "activity_lines": [ 45.988, 45.680182, 45.164095, 45.126452 ] }, { "date": "2026-06-05", "close": 46.57, "volume": 0, "typical_volume": 4725.0, "trend": 45.191167, "fair_value": 39.247199, "relative_strength": -6.007449, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 83.92164, "energy": 88.996544, "activity_lines": [ 46.226667, 45.919364, 45.312072, 45.217839 ] }, { "date": "2026-06-12", "close": 46.48, "volume": 0, "typical_volume": 4720.0, "trend": 45.2215, "fair_value": 39.342056, "relative_strength": -7.349229, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.789457, "energy": 89.332917, "activity_lines": [ 46.358, 46.082, 45.448857, 45.300989 ] }, { "date": "2026-06-19", "close": 47.369999, "volume": 0, "typical_volume": 4720.0, "trend": 45.283834, "fair_value": 39.444825, "relative_strength": -5.431075, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.425582, "energy": 96.22637, "activity_lines": [ 46.730666, 46.359636, 45.664976, 45.439602 ] }, { "date": "2026-06-26", "close": 46.709999, "volume": 400, "typical_volume": 4600.0, "trend": 45.305167, "fair_value": 39.539137, "relative_strength": -6.507108, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.572111, "energy": 85.176444, "activity_lines": [ 46.787999, 46.471091, 45.804857, 45.531613 ] }, { "date": "2026-07-03", "close": 47.200001, "volume": 0, "typical_volume": 4495.0, "trend": 45.3565, "fair_value": 39.638104, "relative_strength": -6.004375, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.830793, "energy": 88.328586, "activity_lines": [ 46.965333, 46.653636, 45.983881, 45.65386 ] }, { "date": "2026-07-10", "close": 47.52, "volume": 100, "typical_volume": 4155.0, "trend": 45.437834, "fair_value": 39.737356, "relative_strength": -5.264329, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.751994, "energy": 91.927639, "activity_lines": [ 47.183333, 46.864545, 46.180952, 45.793441 ] }, { "date": "2026-07-17", "close": 47.25, "volume": 100, "typical_volume": 4135.0, "trend": 45.5175, "fair_value": 39.834687, "relative_strength": -5.426179, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.005682, "energy": 83.83798, "activity_lines": [ 47.248, 46.988, 46.341071, 45.910355 ] }, { "date": "2026-07-24", "close": 46.799999, "volume": 4200, "typical_volume": 3910.0, "trend": 45.576167, "fair_value": 39.926232, "relative_strength": -6.320632, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.911351, "energy": 72.627828, "activity_lines": [ 47.111333, 47.000545, 46.44719, 45.993097 ] }, { "date": "2026-07-31", "close": 47.099998, "volume": 3200, "typical_volume": 3770.0, "trend": 45.6465, "fair_value": 40.019637, "relative_strength": -5.016174, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.307446, "energy": 62.192625, "activity_lines": [ 47.112666, 47.051999, 46.571976, 46.091408 ] }, { "date": "2026-08-07", "close": 48.490002, "volume": 0, "typical_volume": 3490.0, "trend": 45.727167, "fair_value": 40.121573, "relative_strength": -5.055512, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.754051, "energy": 72.496544, "activity_lines": [ 47.551333, 47.337273, 46.813619, 46.27486 ] } ], "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." } } }