{ "ticker": { "uuid": "1e0083f9-0f4c-4717-830d-d6ed883a8023", "symbol": "JUNP", "name": "PGIM S&P 500 BUFFER 12 ETF - JUNE", "exchange": "CBOE", "country": "US", "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": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 55.117, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 75.483, "architecture_energy": 62.294, "architecture_maturity": 5.186, "architecture_confidence": 72.094, "architecture_tenure": "New", "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": 25.06, "rotation_up": 69.64, "upward_expansion": 87.55, "deceleration": 43.94, "rotation_down": 12.73, "downward_expansion": 11.89 }, "activity_lines": [ 31.878633, 31.638618, 31.545959, 31.362944 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 32.38, "trend_reference": 31.139937, "distance_from_trend": 0.039822, "trend_direction": "Improving", "fair_value": 28.638616, "distance_from_fair_value": 0.130641, "fair_value_direction": "Improving", "relative_strength": -5.891078, "relative_strength_direction": "Improving", "price_momentum": 0.052156, "excess_performance": -0.073469, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.039822, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.012872, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.130641, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.010847, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.058911, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.000115, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.052156, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.128266, "read": "Demand-led" } ], "volume": { "latest": 67516, "relative_activity": 0.515065, "balance": 3.128266, "dry_up": 0.496161, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.018573, "annualized_volatility": 0.123707, "from_high_reference": -0.002154, "from_low_reference": 0.109284 }, "levels": { "trend_reference": 31.139937, "fair_value_reference": 28.638616, "structural_low": 29.8257, "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": 7, "median_return": 0.001771, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": -0.009497, "regime_survival": 0.857143, "best_return": 0.034631, "worst_return": -0.056604, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.017726, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.030958, "regime_survival": 1.0, "best_return": 0.034348, "worst_return": 0.001103, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.035489, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.058714, "regime_survival": 1.0, "best_return": 0.035489, "worst_return": 0.035489, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-12", "end": "2026-06-19", "tenure": "Extended", "return": 0.042305, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-26", "end": "2026-07-03", "tenure": "New", "return": 0.05308, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-10", "end": "2026-07-31", "tenure": "New", "return": -0.002827, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2024-06-07", "close": 25.205, "volume": 198018, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 25.4387, "volume": 48584, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 25.5375, "volume": 26129, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 25.5831, "volume": 11379, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 25.8754, "volume": 7124, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 25.9634, "volume": 2908, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 25.6925, "volume": 2299, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 25.5906, "volume": 82, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 25.2975, "volume": 146, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 25.3561, "volume": 1063, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 25.9562, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 26.1707, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 26.2361, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 25.6159, "volume": 50, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 26.2267, "volume": 2068, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 26.4404, "volume": 400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 26.5197, "volume": 604, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 26.5466, "volume": 200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 26.68, "volume": 200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 26.815, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 26.7266, "volume": 1714, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 26.5813, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 27.1976, "volume": 1680, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 26.9034, "volume": 2, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 27.1148, "volume": 4198, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 27.316, "volume": 806, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 27.3947, "volume": 2, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 27.3548, "volume": 6, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 27.0825, "volume": 117, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 27.2597, "volume": 2392, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 27.2334, "volume": 1550, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 26.9911, "volume": 3801, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 27.4396, "volume": 817, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 27.6039, "volume": 4117, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 27.5553, "volume": 651, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 27.565, "volume": 136, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 27.7994, "volume": 15485, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 27.6271, "volume": 6811, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 27.507, "volume": 942, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 27.058, "volume": 7815, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 26.7037, "volume": 3881, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 26.7759, "volume": 529, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 26.5257, "volume": 171985, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 24.994, "volume": 18621, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 25.8706, "volume": 16901, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 25.5781, "volume": 1177, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 26.3068, "volume": 5496, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 26.9051, "volume": 5436, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 26.7555, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 28.018, "volume": 2587, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 27.3871, "volume": 7188, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 27.9139, "volume": 310, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 28.1781, "volume": 34662, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 28.0588, "volume": 22473, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 28.0902, "volume": 7665, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 28.6522, "volume": 6262, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 28.8648, "volume": 2924, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 28.8711, "volume": 2986, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 28.96, "volume": 3268, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 29.1502, "volume": 12765, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 28.849, "volume": 3654, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 29.225, "volume": 1003, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 29.348, "volume": 475, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 29.4639, "volume": 14721, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 29.4686, "volume": 3295, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 29.5549, "volume": 6390, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 29.7467, "volume": 1128, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 29.8462, "volume": 1857, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 29.821, "volume": 1899, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 29.9204, "volume": 589, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 29.6063, "volume": 13806, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 29.8441, "volume": 1990, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 30.0924, "volume": 7117, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 30.0803, "volume": 5870, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 29.9692, "volume": 16445, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 29.998, "volume": 6643, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 29.7908, "volume": 2376, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 30.243, "volume": 7587, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-05", "close": 30.368, "volume": 329061, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-12", "close": 30.37, "volume": 81255, "typical_volume": 25358.05, "trend": 29.324407, "fair_value": 27.602799, "relative_strength": -3.868845, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.990621, "energy": 66.87067, "activity_lines": [ 30.24204, 30.131245, 29.968095, 29.735206 ] }, { "date": "2025-12-19", "close": 30.4486, "volume": 41743, "typical_volume": 27262.5, "trend": 29.426457, "fair_value": 27.637932, "relative_strength": -3.67209, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.043311, "energy": 70.705461, "activity_lines": [ 30.340253, 30.206225, 30.031744, 29.807735 ] }, { "date": "2025-12-26", "close": 30.6111, "volume": 23589, "typical_volume": 28391.8, "trend": 29.516363, "fair_value": 27.67419, "relative_strength": -4.442215, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.998877, "energy": 86.150549, "activity_lines": [ 30.462593, 30.295436, 30.103251, 29.884164 ] }, { "date": "2026-01-02", "close": 30.6, "volume": 19124, "typical_volume": 29324.25, "trend": 29.597093, "fair_value": 27.709441, "relative_strength": -3.408328, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.74196, "energy": 75.952377, "activity_lines": [ 30.526547, 30.368684, 30.167101, 29.954076 ] }, { "date": "2026-01-09", "close": 30.7205, "volume": 44971, "typical_volume": 30836.75, "trend": 29.685817, "fair_value": 27.745287, "relative_strength": -4.440678, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.490633, "energy": 85.1164, "activity_lines": [ 30.606867, 30.454611, 30.236466, 30.026554 ] }, { "date": "2026-01-16", "close": 30.721, "volume": 40067, "typical_volume": 32675.35, "trend": 29.77351, "fair_value": 27.780295, "relative_strength": -4.024897, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.309768, "energy": 84.773319, "activity_lines": [ 30.663853, 30.528989, 30.299894, 30.09334 ] }, { "date": "2026-01-23", "close": 30.7251, "volume": 26242, "typical_volume": 33667.95, "trend": 29.842607, "fair_value": 27.814537, "relative_strength": -3.619353, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.498697, "energy": 73.716342, "activity_lines": [ 30.698807, 30.590444, 30.357749, 30.154732 ] }, { "date": "2026-01-30", "close": 30.7445, "volume": 36697, "typical_volume": 35446.4, "trend": 29.905263, "fair_value": 27.848215, "relative_strength": -3.864741, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.766667, "energy": 66.732713, "activity_lines": [ 30.721793, 30.642205, 30.411879, 30.212919 ] }, { "date": "2026-02-06", "close": 30.7749, "volume": 50017, "typical_volume": 37854.4, "trend": 29.968723, "fair_value": 27.881473, "relative_strength": -3.506945, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.288583, "energy": 63.465808, "activity_lines": [ 30.74602, 30.682155, 30.464152, 30.269025 ] }, { "date": "2026-02-13", "close": 30.6776, "volume": 20188, "typical_volume": 38768.85, "trend": 30.025977, "fair_value": 27.91289, "relative_strength": -2.514654, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.837831, "energy": 54.659962, "activity_lines": [ 30.726153, 30.694742, 30.502737, 30.314759 ] }, { "date": "2026-02-20", "close": 30.85, "volume": 23366, "typical_volume": 39907.7, "trend": 30.082637, "fair_value": 27.945524, "relative_strength": -2.984422, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.232029, "energy": 57.369747, "activity_lines": [ 30.766613, 30.733045, 30.553662, 30.367922 ] }, { "date": "2026-02-27", "close": 30.808, "volume": 127289, "typical_volume": 45581.85, "trend": 30.147937, "fair_value": 27.97698, "relative_strength": -2.552419, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.267355, "energy": 55.214518, "activity_lines": [ 30.784473, 30.754985, 30.59616, 30.414719 ] }, { "date": "2026-03-06", "close": 30.5486, "volume": 93895, "typical_volume": 50177.1, "trend": 30.192057, "fair_value": 28.004933, "relative_strength": -1.330625, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.373667, "energy": 38.021352, "activity_lines": [ 30.71034, 30.723227, 30.608231, 30.440568 ] }, { "date": "2026-03-13", "close": 30.4035, "volume": 11634, "typical_volume": 50402.95, "trend": 30.22724, "fair_value": 28.030724, "relative_strength": -0.215847, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.164968, "energy": 22.647575, "activity_lines": [ 30.6009, 30.666224, 30.603128, 30.45421 ] }, { "date": "2026-03-20", "close": 30.2001, "volume": 25286, "typical_volume": 51373.75, "trend": 30.25178, "fair_value": 28.053802, "relative_strength": 0.995019, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -6.563353, "energy": 16.825281, "activity_lines": [ 30.44842, 30.575811, 30.577172, 30.452459 ] }, { "date": "2026-03-27", "close": 29.8746, "volume": 22008, "typical_volume": 51651.9, "trend": 30.265313, "fair_value": 28.072968, "relative_strength": 2.23786, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -40.154678, "energy": 41.607251, "activity_lines": [ 30.219273, 30.435678, 30.519646, 30.428125 ] }, { "date": "2026-04-03", "close": 30.5133, "volume": 13591, "typical_volume": 51999.3, "trend": 30.29726, "fair_value": 28.098389, "relative_strength": 1.110086, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -16.536617, "energy": 27.545871, "activity_lines": [ 30.268053, 30.427062, 30.523399, 30.444124 ] }, { "date": "2026-04-10", "close": 31.0755, "volume": 32770, "typical_volume": 53519.0, "trend": 30.341553, "fair_value": 28.12908, "relative_strength": -0.472024, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.099205, "energy": 18.444275, "activity_lines": [ 30.52388, 30.524515, 30.578241, 30.494333 ] }, { "date": "2026-04-17", "close": 31.4499, "volume": 39442, "typical_volume": 55111.75, "trend": 30.39501, "fair_value": 28.162966, "relative_strength": -3.428169, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.711904, "energy": 53.63886, "activity_lines": [ 30.86938, 30.684022, 30.662622, 30.565839 ] }, { "date": "2026-04-24", "close": 31.485, "volume": 21980, "typical_volume": 39757.7, "trend": 30.450477, "fair_value": 28.196522, "relative_strength": -3.664388, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.816968, "energy": 70.965515, "activity_lines": [ 31.15682, 30.837638, 30.7446, 30.636161 ] }, { "date": "2026-05-01", "close": 31.57, "volume": 39540, "typical_volume": 37671.95, "trend": 30.505463, "fair_value": 28.230257, "relative_strength": -4.134226, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.206427, "energy": 83.846, "activity_lines": [ 31.386933, 30.992029, 30.829353, 30.708388 ] }, { "date": "2026-05-08", "close": 31.65, "volume": 74541, "typical_volume": 39311.85, "trend": 30.573587, "fair_value": 28.264116, "relative_strength": -5.902604, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.367457, "energy": 86.77329, "activity_lines": [ 31.530687, 31.147875, 30.916011, 30.782229 ] }, { "date": "2026-05-15", "close": 31.725, "volume": 78638, "typical_volume": 42064.3, "trend": 30.636283, "fair_value": 28.298046, "relative_strength": -5.687543, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.178066, "energy": 88.035069, "activity_lines": [ 31.62366, 31.302047, 31.004091, 30.856514 ] }, { "date": "2026-05-22", "close": 31.61, "volume": 57444, "typical_volume": 43980.3, "trend": 30.68687, "fair_value": 28.330201, "relative_strength": -6.630125, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.645125, "energy": 80.788692, "activity_lines": [ 31.635, 31.413922, 31.075914, 30.919335 ] }, { "date": "2026-05-29", "close": 31.8, "volume": 75054, "typical_volume": 45484.45, "trend": 30.744193, "fair_value": 28.363564, "relative_strength": -7.184238, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.970091, "energy": 74.399704, "activity_lines": [ 31.699, 31.538405, 31.161023, 30.991149 ] }, { "date": "2026-06-05", "close": 31.34, "volume": 243675, "typical_volume": 55664.85, "trend": 30.789887, "fair_value": 28.391911, "relative_strength": -5.976357, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.185872, "energy": 51.625029, "activity_lines": [ 31.588667, 31.550164, 31.197182, 31.029589 ] }, { "date": "2026-06-12", "close": 31.4478, "volume": 48964, "typical_volume": 56800.95, "trend": 30.838213, "fair_value": 28.420741, "relative_strength": -5.981445, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.497711, "energy": 39.393216, "activity_lines": [ 31.5296, 31.554878, 31.24066, 31.072035 ] }, { "date": "2026-06-19", "close": 31.6548, "volume": 31808, "typical_volume": 56556.5, "trend": 30.900347, "fair_value": 28.450965, "relative_strength": -6.01815, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.716337, "energy": 39.639899, "activity_lines": [ 31.553013, 31.580238, 31.300411, 31.124718 ] }, { "date": "2026-06-26", "close": 30.0, "volume": 143038, "typical_volume": 61207.55, "trend": 30.892247, "fair_value": 28.465308, "relative_strength": -8.530119, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -5.12888, "energy": 19.615744, "activity_lines": [ 31.029507, 31.294193, 31.198228, 31.066631 ] }, { "date": "2026-07-03", "close": 31.5924, "volume": 66379, "typical_volume": 63517.1, "trend": 30.93306, "fair_value": 28.493997, "relative_strength": -5.545474, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 39.822435, "energy": 25.226844, "activity_lines": [ 31.144133, 31.324036, 31.251391, 31.111802 ] }, { "date": "2026-07-10", "close": 31.84, "volume": 1372626, "typical_volume": 130980.1, "trend": 30.98206, "fair_value": 28.524415, "relative_strength": -5.900906, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 51.828697, "energy": 24.539735, "activity_lines": [ 31.355133, 31.396945, 31.323779, 31.170314 ] }, { "date": "2026-07-17", "close": 31.52, "volume": 68252, "typical_volume": 128028.25, "trend": 31.017773, "fair_value": 28.551403, "relative_strength": -5.212498, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.115125, "energy": 23.236232, "activity_lines": [ 31.426133, 31.406764, 31.360977, 31.20502 ] }, { "date": "2026-07-24", "close": 31.4665, "volume": 63566, "typical_volume": 126511.8, "trend": 31.046287, "fair_value": 28.57743, "relative_strength": -4.664389, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 50.419021, "energy": 34.232423, "activity_lines": [ 31.474487, 31.409218, 31.389689, 31.23397 ] }, { "date": "2026-07-31", "close": 31.75, "volume": 60818, "typical_volume": 128971.0, "trend": 31.08462, "fair_value": 28.605506, "relative_strength": -4.667353, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.283921, "energy": 47.660329, "activity_lines": [ 31.629893, 31.467918, 31.44103, 31.279371 ] }, { "date": "2026-08-07", "close": 32.38, "volume": 67516, "typical_volume": 131082.5, "trend": 31.139937, "fair_value": 28.638616, "relative_strength": -5.891078, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.483387, "energy": 62.293518, "activity_lines": [ 31.878633, 31.638618, 31.545959, 31.362944 ] } ], "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." } } }