{ "ticker": { "uuid": "22be4b2e-c864-4bcf-b1a8-6043271975f9", "symbol": "FMAY", "name": "FT VEST U.S. EQUITY BUFFER ETF - MAY", "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": 49.928, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 80.817, "architecture_energy": 55.025, "architecture_maturity": 49.694, "architecture_confidence": 66.557, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 25.56, "rotation_up": 60.29, "upward_expansion": 80.55, "deceleration": 65.07, "rotation_down": 21.55, "downward_expansion": 7.21 }, "activity_lines": [ 56.6248, 56.355015, 56.02992, 55.49522 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 57.5164, "trend_reference": 54.85879, "distance_from_trend": 0.048445, "trend_direction": "Improving", "fair_value": 47.710901, "distance_from_fair_value": 0.205519, "fair_value_direction": "Improving", "relative_strength": -4.740533, "relative_strength_direction": "Improving", "price_momentum": 0.067501, "excess_performance": -0.058124, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.048445, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.019694, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.205519, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.005174, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.047405, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.007135, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.067501, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.169746, "read": "Demand-led" } ], "volume": { "latest": 85071, "relative_activity": 0.263485, "balance": 1.169746, "dry_up": 0.378363, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.014851, "annualized_volatility": 0.07791, "from_high_reference": -0.005079, "from_low_reference": 0.130406 }, "levels": { "trend_reference": 54.85879, "fair_value_reference": 47.710901, "structural_low": 51.69, "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": 40, "median_return": 0.009962, "positive_rate": 0.675, "directional_follow_through": 0.675, "median_excess_return": -0.002859, "regime_survival": 0.825, "best_return": 0.040072, "worst_return": -0.045146, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": 0.023703, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.017079, "regime_survival": 0.642857, "best_return": 0.076615, "worst_return": -0.018533, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.051941, "positive_rate": 0.875, "directional_follow_through": 0.875, "median_excess_return": -0.036743, "regime_survival": 0.875, "best_return": 0.094925, "worst_return": -0.0277, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.126097, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.064139, "regime_survival": 0.75, "best_return": 0.143905, "worst_return": -0.031946, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-10-06", "end": "2023-11-24", "tenure": "Developing", "return": 0.043941, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-01", "end": "2024-08-09", "tenure": "Extended", "return": 0.094849, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-16", "end": "2024-08-30", "tenure": "New", "return": 0.011684, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-06", "end": "2025-01-10", "tenure": "Established", "return": 0.05762, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-01-24", "tenure": "New", "return": 0.00873, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-03-07", "tenure": "Developing", "return": -0.023358, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-03-28", "tenure": "New", "return": -0.010114, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": 0.038209, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-16", "tenure": "Developing", "return": 0.103861, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-05-30", "tenure": "New", "return": 0.013055, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-07-04", "tenure": "Developing", "return": 0.026122, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2026-03-06", "tenure": "Extended", "return": 0.061728, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-04-17", "tenure": "Developing", "return": 0.039031, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": 0.041964, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 38.58, "volume": 90957, "typical_volume": 465003.35, "trend": 37.512687, "fair_value": 36.073885, "relative_strength": -2.513623, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.907349, "energy": 47.685956, "activity_lines": [ 39.0276, 39.062856, 38.598017, 38.101375 ] }, { "date": "2023-08-25", "close": 38.85, "volume": 1032818, "typical_volume": 492380.75, "trend": 37.58802, "fair_value": 36.108519, "relative_strength": -2.552185, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.630404, "energy": 35.473648, "activity_lines": [ 38.9187, 39.037789, 38.668538, 38.187654 ] }, { "date": "2023-09-01", "close": 39.45, "volume": 78989, "typical_volume": 492429.8, "trend": 37.66702, "fair_value": 36.149169, "relative_strength": -3.416001, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.266711, "energy": 41.468054, "activity_lines": [ 39.049133, 39.118176, 38.786345, 38.307782 ] }, { "date": "2023-09-08", "close": 39.205, "volume": 46693, "typical_volume": 487538.1, "trend": 37.747853, "fair_value": 36.189297, "relative_strength": -2.736415, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.029961, "energy": 36.363446, "activity_lines": [ 39.108567, 39.134382, 38.869294, 38.407006 ] }, { "date": "2023-09-15", "close": 39.23, "volume": 97168, "typical_volume": 431921.8, "trend": 37.832187, "fair_value": 36.229942, "relative_strength": -2.465544, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.459959, "energy": 46.219538, "activity_lines": [ 39.173333, 39.150773, 38.943649, 38.502628 ] }, { "date": "2023-09-22", "close": 38.4438, "volume": 1073454, "typical_volume": 466075.95, "trend": 37.913647, "fair_value": 36.266376, "relative_strength": -1.449901, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.035537, "energy": 29.371138, "activity_lines": [ 38.966933, 39.014764, 38.933174, 38.542087 ] }, { "date": "2023-09-29", "close": 38.3, "volume": 138326, "typical_volume": 467374.25, "trend": 37.975313, "fair_value": 36.300818, "relative_strength": -1.039997, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 8.384053, "energy": 11.421648, "activity_lines": [ 38.72168, 38.868176, 38.901424, 38.567013 ] }, { "date": "2023-10-06", "close": 38.42, "volume": 323847, "typical_volume": 417474.35, "trend": 38.08098, "fair_value": 36.332282, "relative_strength": -1.104353, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.086309, "energy": 16.546627, "activity_lines": [ 38.553093, 38.764135, 38.873865, 38.595703 ] }, { "date": "2023-10-13", "close": 38.5524, "volume": 81757, "typical_volume": 367560.0, "trend": 38.18006, "fair_value": 36.364126, "relative_strength": -1.102743, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.663418, "energy": 21.397823, "activity_lines": [ 38.497307, 38.705802, 38.85401, 38.626117 ] }, { "date": "2023-10-20", "close": 37.94, "volume": 105995, "typical_volume": 340526.85, "trend": 38.24706, "fair_value": 36.392213, "relative_strength": -0.225478, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.493376, "energy": 26.222758, "activity_lines": [ 38.280893, 38.547171, 38.770677, 38.610629 ] }, { "date": "2023-10-27", "close": 37.25, "volume": 985237, "typical_volume": 357609.15, "trend": 38.26106, "fair_value": 36.42106, "relative_strength": 0.500018, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -46.062433, "energy": 57.971593, "activity_lines": [ 37.92048, 38.284058, 38.621392, 38.546303 ] }, { "date": "2023-11-03", "close": 38.8198, "volume": 429679, "typical_volume": 365116.4, "trend": 38.329053, "fair_value": 36.453687, "relative_strength": -0.967704, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -10.642722, "energy": 22.806565, "activity_lines": [ 38.16292, 38.330545, 38.625564, 38.582351 ] }, { "date": "2023-11-10", "close": 39.1952, "volume": 113455, "typical_volume": 324416.5, "trend": 38.401227, "fair_value": 36.486395, "relative_strength": -1.295228, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.009392, "energy": 19.396368, "activity_lines": [ 38.49584, 38.445836, 38.66468, 38.638231 ] }, { "date": "2023-11-17", "close": 39.829, "volume": 145288, "typical_volume": 326417.35, "trend": 38.49886, "fair_value": 36.523337, "relative_strength": -1.888527, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.053322, "energy": 33.121501, "activity_lines": [ 38.988347, 38.680996, 38.760228, 38.730345 ] }, { "date": "2023-11-24", "close": 40.1082, "volume": 128473, "typical_volume": 326594.2, "trend": 38.5978, "fair_value": 36.560963, "relative_strength": -2.106126, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 74.903899, "energy": 55.020068, "activity_lines": [ 39.488813, 38.955575, 38.878253, 38.834174 ] }, { "date": "2023-12-01", "close": 40.38, "volume": 117277, "typical_volume": 282756.25, "trend": 38.715403, "fair_value": 36.598656, "relative_strength": -2.186968, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.083551, "energy": 81.345168, "activity_lines": [ 39.935333, 39.263604, 39.015506, 38.949154 ] }, { "date": "2023-12-08", "close": 40.46, "volume": 1524916, "typical_volume": 349598.2, "trend": 38.83807, "fair_value": 36.638154, "relative_strength": -2.131497, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.571441, "energy": 84.502203, "activity_lines": [ 40.199853, 39.550975, 39.155235, 39.061709 ] }, { "date": "2023-12-15", "close": 41.08, "volume": 149815, "typical_volume": 351536.3, "trend": 38.96107, "fair_value": 36.680467, "relative_strength": -2.838551, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.037595, "energy": 89.175531, "activity_lines": [ 40.561693, 39.9118, 39.349154, 39.20635 ] }, { "date": "2023-12-22", "close": 41.2216, "volume": 189765, "typical_volume": 354856.5, "trend": 39.086123, "fair_value": 36.724144, "relative_strength": -3.263975, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.292517, "energy": 90.864878, "activity_lines": [ 40.84508, 40.250007, 39.54956, 39.35219 ] }, { "date": "2023-12-29", "close": 41.44, "volume": 171413, "typical_volume": 351266.1, "trend": 39.204457, "fair_value": 36.768823, "relative_strength": -2.962808, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.663038, "energy": 83.421679, "activity_lines": [ 41.108427, 40.579393, 39.760948, 39.504053 ] }, { "date": "2024-01-05", "close": 41.0742, "volume": 63648, "typical_volume": 349900.65, "trend": 39.304263, "fair_value": 36.810068, "relative_strength": -2.191492, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.600181, "energy": 73.185142, "activity_lines": [ 41.161053, 40.778633, 39.926324, 39.624682 ] }, { "date": "2024-01-12", "close": 41.59, "volume": 2648878, "typical_volume": 430703.65, "trend": 39.402263, "fair_value": 36.855388, "relative_strength": -2.682543, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.921786, "energy": 69.33374, "activity_lines": [ 41.339333, 41.002124, 40.128947, 39.772149 ] }, { "date": "2024-01-19", "close": 41.81, "volume": 92633, "typical_volume": 431385.85, "trend": 39.51693, "fair_value": 36.901031, "relative_strength": -3.217901, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.439812, "energy": 65.835914, "activity_lines": [ 41.515613, 41.215247, 40.339474, 39.927487 ] }, { "date": "2024-01-26", "close": 42.0888, "volume": 252502, "typical_volume": 441676.3, "trend": 39.62105, "fair_value": 36.950901, "relative_strength": -3.459687, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.997482, "energy": 81.059919, "activity_lines": [ 41.73616, 41.43152, 40.565316, 40.093414 ] }, { "date": "2024-02-02", "close": 42.25, "volume": 145261, "typical_volume": 444080.95, "trend": 39.73905, "fair_value": 36.998717, "relative_strength": -4.330414, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.683959, "energy": 89.222879, "activity_lines": [ 41.952627, 41.636015, 40.792778, 40.263023 ] }, { "date": "2024-02-09", "close": 42.5, "volume": 3334837, "typical_volume": 557150.1, "trend": 39.845717, "fair_value": 37.047385, "relative_strength": -4.942049, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.141663, "energy": 90.076341, "activity_lines": [ 42.198427, 41.847022, 41.029669, 40.441149 ] }, { "date": "2024-02-16", "close": 42.49, "volume": 100631, "typical_volume": 555265.35, "trend": 39.947383, "fair_value": 37.096083, "relative_strength": -4.510501, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.02063, "energy": 88.691263, "activity_lines": [ 42.34584, 42.017665, 41.246291, 40.611748 ] }, { "date": "2024-02-23", "close": 42.74, "volume": 633782, "typical_volume": 570762.1, "trend": 40.051717, "fair_value": 37.146998, "relative_strength": -5.361498, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.837342, "energy": 87.419509, "activity_lines": [ 42.516587, 42.196855, 41.466771, 40.791917 ] }, { "date": "2024-03-01", "close": 42.88, "volume": 114413, "typical_volume": 572394.9, "trend": 40.175717, "fair_value": 37.19814, "relative_strength": -5.815273, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.402315, "energy": 77.621784, "activity_lines": [ 42.672, 42.371316, 41.680013, 40.974387 ] }, { "date": "2024-03-08", "close": 42.9, "volume": 269037, "typical_volume": 580547.0, "trend": 40.3026, "fair_value": 37.248297, "relative_strength": -5.380716, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.787882, "energy": 68.499769, "activity_lines": [ 42.781333, 42.519262, 41.874552, 41.150147 ] }, { "date": "2024-03-15", "close": 42.97, "volume": 141417, "typical_volume": 538356.0, "trend": 40.448933, "fair_value": 37.298671, "relative_strength": -5.001472, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.369064, "energy": 68.504955, "activity_lines": [ 42.870667, 42.653389, 42.052139, 41.322237 ] }, { "date": "2024-03-22", "close": 43.16, "volume": 161209, "typical_volume": 524932.5, "trend": 40.5926, "fair_value": 37.349761, "relative_strength": -6.476141, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.472043, "energy": 69.506398, "activity_lines": [ 42.992, 42.787593, 42.220583, 41.497145 ] }, { "date": "2024-03-29", "close": 43.22, "volume": 54319, "typical_volume": 521975.7, "trend": 40.718267, "fair_value": 37.400915, "relative_strength": -6.503577, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.370765, "energy": 91.242692, "activity_lines": [ 43.088667, 42.90416, 42.374073, 41.666655 ] }, { "date": "2024-04-05", "close": 43.23, "volume": 63972, "typical_volume": 517909.9, "trend": 40.852433, "fair_value": 37.45191, "relative_strength": -5.484364, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.914318, "energy": 90.054859, "activity_lines": [ 43.156667, 42.996909, 42.50935, 41.828702 ] }, { "date": "2024-04-12", "close": 43.12, "volume": 22548, "typical_volume": 512613.65, "trend": 40.9821, "fair_value": 37.502136, "relative_strength": -4.186539, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.137135, "energy": 87.279087, "activity_lines": [ 43.164667, 43.048909, 42.617956, 41.974997 ] }, { "date": "2024-04-19", "close": 42.92, "volume": 90159, "typical_volume": 511257.75, "trend": 41.131307, "fair_value": 37.551015, "relative_strength": -1.51991, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.239535, "energy": 83.314052, "activity_lines": [ 43.091333, 43.048727, 42.693172, 42.100022 ] }, { "date": "2024-04-26", "close": 43.3879, "volume": 48071, "typical_volume": 437415.5, "trend": 41.300903, "fair_value": 37.602925, "relative_strength": -2.901295, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.363102, "energy": 70.357283, "activity_lines": [ 43.1773, 43.125982, 42.800855, 42.245609 ] }, { "date": "2024-05-03", "close": 43.53, "volume": 55955, "typical_volume": 432722.5, "trend": 41.471237, "fair_value": 37.655681, "relative_strength": -3.04452, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.259753, "energy": 71.24783, "activity_lines": [ 43.29544, 43.212747, 42.908129, 42.389422 ] }, { "date": "2024-05-10", "close": 43.6299, "volume": 53067, "typical_volume": 425887.6, "trend": 41.640487, "fair_value": 37.709141, "relative_strength": -4.459593, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.902134, "energy": 72.290672, "activity_lines": [ 43.426213, 43.303313, 43.01325, 42.52869 ] }, { "date": "2024-05-17", "close": 43.7, "volume": 565741, "typical_volume": 445604.0, "trend": 41.832487, "fair_value": 37.762349, "relative_strength": -5.695152, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.516381, "energy": 78.225307, "activity_lines": [ 43.553693, 43.392989, 43.11358, 42.661562 ] }, { "date": "2024-05-24", "close": 43.72, "volume": 1457436, "typical_volume": 515293.4, "trend": 42.048153, "fair_value": 37.813672, "relative_strength": -5.485491, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.066641, "energy": 82.663081, "activity_lines": [ 43.649173, 43.471756, 43.205052, 42.783337 ] }, { "date": "2024-05-31", "close": 43.64, "volume": 418731, "typical_volume": 403786.05, "trend": 42.208827, "fair_value": 37.863865, "relative_strength": -5.140221, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.598262, "energy": 66.945268, "activity_lines": [ 43.664653, 43.522342, 43.276307, 42.886037 ] }, { "date": "2024-06-07", "close": 43.98, "volume": 386469, "typical_volume": 418477.85, "trend": 42.36832, "fair_value": 37.915044, "relative_strength": -5.433279, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.315001, "energy": 70.801941, "activity_lines": [ 43.77666, 43.626018, 43.37018, 43.000306 ] }, { "date": "2024-06-14", "close": 44.3958, "volume": 367650, "typical_volume": 424235.25, "trend": 42.520547, "fair_value": 37.971684, "relative_strength": -5.934046, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.103829, "energy": 73.746368, "activity_lines": [ 43.997267, 43.791476, 43.49332, 43.131111 ] }, { "date": "2024-06-21", "close": 44.53, "volume": 368374, "typical_volume": 435390.9, "trend": 42.66794, "fair_value": 38.025305, "relative_strength": -6.085924, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.167178, "energy": 73.402758, "activity_lines": [ 44.211547, 43.960138, 43.618255, 43.260754 ] }, { "date": "2024-06-28", "close": 44.65, "volume": 1403635, "typical_volume": 338830.8, "trend": 42.810273, "fair_value": 38.077613, "relative_strength": -5.634822, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.109153, "energy": 72.579071, "activity_lines": [ 44.410493, 44.124982, 43.743762, 43.388628 ] }, { "date": "2024-07-05", "close": 45.1512, "volume": 93833, "typical_volume": 338490.9, "trend": 42.966647, "fair_value": 38.132815, "relative_strength": -6.200178, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.923241, "energy": 89.156333, "activity_lines": [ 44.714507, 44.349498, 43.906764, 43.539656 ] }, { "date": "2024-07-12", "close": 45.33, "volume": 99414, "typical_volume": 311772.5, "trend": 43.108313, "fair_value": 38.19064, "relative_strength": -6.56785, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.862407, "energy": 90.017807, "activity_lines": [ 44.977373, 44.574464, 44.074122, 43.69213 ] }, { "date": "2024-07-19", "close": 44.92, "volume": 164925, "typical_volume": 314298.1, "trend": 43.231593, "fair_value": 38.243324, "relative_strength": -5.418677, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.730917, "energy": 67.234561, "activity_lines": [ 45.013573, 44.692156, 44.190099, 43.809013 ] }, { "date": "2024-07-26", "close": 44.6476, "volume": 191244, "typical_volume": 310408.45, "trend": 43.338513, "fair_value": 38.29474, "relative_strength": -5.082059, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.232035, "energy": 62.950084, "activity_lines": [ 44.924027, 44.736865, 44.270419, 43.900369 ] }, { "date": "2024-08-02", "close": 44.14, "volume": 242848, "typical_volume": 315480.0, "trend": 43.440707, "fair_value": 38.341471, "relative_strength": -3.999896, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.968317, "energy": 41.145778, "activity_lines": [ 44.65744, 44.672055, 44.294074, 43.952077 ] }, { "date": "2024-08-09", "close": 44.21, "volume": 154014, "typical_volume": 315120.25, "trend": 43.52804, "fair_value": 38.387972, "relative_strength": -3.734959, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.477135, "energy": 22.06038, "activity_lines": [ 44.448187, 44.612335, 44.318825, 44.001709 ] }, { "date": "2024-08-16", "close": 45.36, "volume": 97291, "typical_volume": 317268.85, "trend": 43.646373, "fair_value": 38.442392, "relative_strength": -4.864231, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.834027, "energy": 30.114618, "activity_lines": [ 44.685013, 44.751342, 44.448099, 44.1199 ] }, { "date": "2024-08-23", "close": 45.74, "volume": 280235, "typical_volume": 328082.0, "trend": 43.76808, "fair_value": 38.497298, "relative_strength": -5.228595, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.479293, "energy": 44.100827, "activity_lines": [ 45.046507, 44.934349, 44.603373, 44.254973 ] }, { "date": "2024-08-30", "close": 45.89, "volume": 53908, "typical_volume": 329650.0, "trend": 43.889413, "fair_value": 38.552939, "relative_strength": -5.02495, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 74.409651, "energy": 59.05799, "activity_lines": [ 45.403333, 45.120189, 44.760981, 44.391871 ] }, { "date": "2024-09-06", "close": 44.67, "volume": 59243, "typical_volume": 328104.2, "trend": 43.961747, "fair_value": 38.602929, "relative_strength": -3.417744, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.198093, "energy": 52.919863, "activity_lines": [ 45.270667, 45.059484, 44.789208, 44.442231 ] }, { "date": "2024-09-13", "close": 45.8029, "volume": 122258, "typical_volume": 331813.55, "trend": 44.072177, "fair_value": 38.660442, "relative_strength": -4.613731, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.525222, "energy": 60.741581, "activity_lines": [ 45.4803, 45.204396, 44.916996, 44.561015 ] }, { "date": "2024-09-20", "close": 46.2, "volume": 71547, "typical_volume": 332593.15, "trend": 44.18751, "fair_value": 38.719449, "relative_strength": -4.93789, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.80525, "energy": 58.126534, "activity_lines": [ 45.716107, 45.40966, 45.071104, 44.698294 ] }, { "date": "2024-09-27", "close": 46.39, "volume": 478392, "typical_volume": 353859.4, "trend": 44.30451, "fair_value": 38.782428, "relative_strength": -4.878743, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.072684, "energy": 52.384677, "activity_lines": [ 45.959247, 45.633651, 45.230592, 44.840391 ] }, { "date": "2024-10-04", "close": 46.46, "volume": 101148, "typical_volume": 330629.75, "trend": 44.423177, "fair_value": 38.844631, "relative_strength": -4.780869, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.744297, "energy": 70.687527, "activity_lines": [ 46.182387, 45.843642, 45.383604, 44.979454 ] }, { "date": "2024-10-11", "close": 46.65, "volume": 53463, "typical_volume": 260431.1, "trend": 44.545843, "fair_value": 38.905626, "relative_strength": -5.264835, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.597025, "energy": 72.569847, "activity_lines": [ 46.43086, 46.055225, 45.541569, 45.12312 ] }, { "date": "2024-10-18", "close": 46.9499, "volume": 46604, "typical_volume": 241824.75, "trend": 44.672173, "fair_value": 38.96643, "relative_strength": -5.237257, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.141635, "energy": 76.810978, "activity_lines": [ 46.6473, 46.2757, 45.714142, 45.278221 ] }, { "date": "2024-10-25", "close": 46.745, "volume": 56667, "typical_volume": 225334.65, "trend": 44.789673, "fair_value": 39.024757, "relative_strength": -4.503708, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.011731, "energy": 70.867557, "activity_lines": [ 46.718973, 46.409104, 45.85144, 45.411952 ] }, { "date": "2024-11-01", "close": 46.4143, "volume": 53449, "typical_volume": 209624.6, "trend": 44.895817, "fair_value": 39.079262, "relative_strength": -3.648485, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.824764, "energy": 58.584411, "activity_lines": [ 46.64408, 46.457198, 45.944077, 45.516766 ] }, { "date": "2024-11-08", "close": 47.5511, "volume": 94942, "typical_volume": 195953.0, "trend": 45.04352, "fair_value": 39.1412, "relative_strength": -5.539012, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.824283, "energy": 73.536828, "activity_lines": [ 46.9465, 46.699724, 46.135368, 45.688075 ] }, { "date": "2024-11-15", "close": 47.1408, "volume": 221849, "typical_volume": 136863.7, "trend": 45.184213, "fair_value": 39.200509, "relative_strength": -4.166565, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.408968, "energy": 65.705411, "activity_lines": [ 47.039413, 46.837447, 46.273196, 45.823383 ] }, { "date": "2024-11-22", "close": 47.5706, "volume": 140251, "typical_volume": 139184.6, "trend": 45.323637, "fair_value": 39.265237, "relative_strength": -4.672489, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.52083, "energy": 71.831085, "activity_lines": [ 47.242873, 47.008393, 46.440097, 45.977344 ] }, { "date": "2024-11-29", "close": 47.88, "volume": 58004, "typical_volume": 137114.1, "trend": 45.468637, "fair_value": 39.333753, "relative_strength": -4.962263, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.357994, "energy": 84.199026, "activity_lines": [ 47.508087, 47.203453, 46.624944, 46.14227 ] }, { "date": "2024-12-06", "close": 48.0924, "volume": 101188, "typical_volume": 133927.25, "trend": 45.617387, "fair_value": 39.398452, "relative_strength": -5.148912, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.972082, "energy": 88.992476, "activity_lines": [ 47.768433, 47.406585, 46.817876, 46.311545 ] }, { "date": "2024-12-13", "close": 47.9868, "volume": 45084, "typical_volume": 126619.25, "trend": 45.76028, "fair_value": 39.464366, "relative_strength": -4.596742, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.099409, "energy": 88.805843, "activity_lines": [ 47.881707, 47.559565, 46.985645, 46.464411 ] }, { "date": "2024-12-20", "close": 47.55, "volume": 150381, "typical_volume": 121995.9, "trend": 45.887947, "fair_value": 39.525102, "relative_strength": -3.525612, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.813353, "energy": 79.616864, "activity_lines": [ 47.820333, 47.605367, 47.095912, 46.579877 ] }, { "date": "2024-12-27", "close": 47.76, "volume": 867923, "typical_volume": 157691.35, "trend": 46.02528, "fair_value": 39.585992, "relative_strength": -3.549411, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.923964, "energy": 59.189215, "activity_lines": [ 47.80168, 47.672987, 47.209942, 46.700654 ] }, { "date": "2025-01-03", "close": 47.741, "volume": 77161, "typical_volume": 156684.85, "trend": 46.150647, "fair_value": 39.648435, "relative_strength": -2.904175, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.023802, "energy": 50.825592, "activity_lines": [ 47.764067, 47.722424, 47.305257, 46.811346 ] }, { "date": "2025-01-10", "close": 47.2439, "volume": 84125, "typical_volume": 146879.35, "trend": 46.245583, "fair_value": 39.707293, "relative_strength": -1.859651, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.31683, "energy": 34.296171, "activity_lines": [ 47.57002, 47.663369, 47.341891, 46.881878 ] }, { "date": "2025-01-17", "close": 48.0753, "volume": 77524, "typical_volume": 148060.15, "trend": 46.36376, "fair_value": 39.777968, "relative_strength": -2.823556, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.157409, "energy": 38.400149, "activity_lines": [ 47.709673, 47.740395, 47.450545, 46.999925 ] }, { "date": "2025-01-24", "close": 48.495, "volume": 52345, "typical_volume": 147715.25, "trend": 46.491927, "fair_value": 39.850372, "relative_strength": -3.477919, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.562644, "energy": 49.189894, "activity_lines": [ 47.983327, 47.884198, 47.588764, 47.137424 ] }, { "date": "2025-01-31", "close": 48.33, "volume": 57376, "typical_volume": 144471.15, "trend": 46.597887, "fair_value": 39.919154, "relative_strength": -2.681675, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.348866, "energy": 49.338765, "activity_lines": [ 48.13898, 47.97338, 47.693055, 47.256009 ] }, { "date": "2025-02-07", "close": 48.3177, "volume": 57378, "typical_volume": 143762.7, "trend": 46.697477, "fair_value": 39.990251, "relative_strength": -2.412291, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.750115, "energy": 59.648542, "activity_lines": [ 48.252533, 48.046518, 47.78414, 47.366965 ] }, { "date": "2025-02-14", "close": 48.725, "volume": 61447, "typical_volume": 122915.45, "trend": 46.82431, "fair_value": 40.066196, "relative_strength": -2.889699, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.665209, "energy": 75.998003, "activity_lines": [ 48.463407, 48.185753, 47.903931, 47.497773 ] }, { "date": "2025-02-21", "close": 48.386, "volume": 75494, "typical_volume": 121632.75, "trend": 46.948923, "fair_value": 40.13876, "relative_strength": -1.89137, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.853038, "energy": 59.443954, "activity_lines": [ 48.46254, 48.251849, 47.980318, 47.598527 ] }, { "date": "2025-02-28", "close": 48.1016, "volume": 149085, "typical_volume": 126413.85, "trend": 47.080977, "fair_value": 40.211161, "relative_strength": -1.436586, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.833594, "energy": 42.702227, "activity_lines": [ 48.34616, 48.258978, 48.020448, 47.672893 ] }, { "date": "2025-03-07", "close": 47.2011, "volume": 201735, "typical_volume": 134170.4, "trend": 47.18068, "fair_value": 40.281861, "relative_strength": -0.146234, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.09488, "energy": 14.874208, "activity_lines": [ 47.95584, 48.092351, 47.967903, 47.680643 ] }, { "date": "2025-03-14", "close": 46.3993, "volume": 159763, "typical_volume": 139325.2, "trend": 47.215323, "fair_value": 40.338265, "relative_strength": 0.506543, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -12.993193, "energy": 21.275839, "activity_lines": [ 47.373513, 47.790104, 47.8378, 47.630232 ] }, { "date": "2025-03-21", "close": 46.47, "volume": 95999, "typical_volume": 141452.7, "trend": 47.239657, "fair_value": 40.392351, "relative_strength": 0.184012, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.794482, "energy": 38.312506, "activity_lines": [ 46.942647, 47.525105, 47.716077, 47.582146 ] }, { "date": "2025-03-28", "close": 45.93, "volume": 66490, "typical_volume": 140030.1, "trend": 47.24099, "fair_value": 40.442539, "relative_strength": 0.526403, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.581453, "energy": 53.273912, "activity_lines": [ 46.482113, 47.175996, 47.54266, 47.497652 ] }, { "date": "2025-04-04", "close": 43.0838, "volume": 120040, "typical_volume": 134939.65, "trend": 47.188117, "fair_value": 40.476208, "relative_strength": 3.679097, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -67.350942, "energy": 82.609943, "activity_lines": [ 45.23658, 46.348402, 47.105895, 47.229446 ] }, { "date": "2025-04-11", "close": 44.73, "volume": 138722, "typical_volume": 134863.2, "trend": 47.152353, "fair_value": 40.524185, "relative_strength": 1.903493, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.537439, "energy": 82.526712, "activity_lines": [ 44.8743, 45.918502, 46.845231, 47.070858 ] }, { "date": "2025-04-18", "close": 44.136, "volume": 33233, "typical_volume": 133624.65, "trend": 47.083553, "fair_value": 40.573113, "relative_strength": 2.082551, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.821213, "energy": 85.438349, "activity_lines": [ 44.47876, 45.446056, 46.541522, 46.876255 ] }, { "date": "2025-04-25", "close": 45.5199, "volume": 71029, "typical_volume": 132116.7, "trend": 47.05455, "fair_value": 40.636125, "relative_strength": 0.73977, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.406171, "energy": 68.454194, "activity_lines": [ 44.695407, 45.30126, 46.387441, 46.775374 ] }, { "date": "2025-05-02", "close": 46.503, "volume": 48970, "typical_volume": 132311.0, "trend": 47.055983, "fair_value": 40.706112, "relative_strength": 0.086055, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.368676, "energy": 39.287373, "activity_lines": [ 45.303093, 45.393484, 46.33924, 46.73979 ] }, { "date": "2025-05-09", "close": 46.21, "volume": 73392, "typical_volume": 128461.55, "trend": 47.041317, "fair_value": 40.777202, "relative_strength": -0.048941, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.179879, "energy": 24.342719, "activity_lines": [ 45.774913, 45.466671, 46.270199, 46.685211 ] }, { "date": "2025-05-16", "close": 48.72, "volume": 291312, "typical_volume": 99631.0, "trend": 47.10032, "fair_value": 40.864382, "relative_strength": 0.121971, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -2.694664, "energy": 17.511387, "activity_lines": [ 46.874987, 46.030615, 46.446586, 46.793513 ] }, { "date": "2025-05-23", "close": 47.875, "volume": 601638, "typical_volume": 125854.85, "trend": 47.137987, "fair_value": 40.937715, "relative_strength": 0.971776, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.762781, "energy": 24.152276, "activity_lines": [ 47.427393, 46.413305, 46.537926, 46.843492 ] }, { "date": "2025-05-30", "close": 48.5, "volume": 327345, "typical_volume": 138015.85, "trend": 47.20751, "fair_value": 41.016183, "relative_strength": 0.541539, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.47041, "energy": 33.260002, "activity_lines": [ 47.938867, 46.882802, 46.688152, 46.931364 ] }, { "date": "2025-06-06", "close": 49.0, "volume": 293443, "typical_volume": 148811.8, "trend": 47.255807, "fair_value": 41.105413, "relative_strength": -0.036923, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.344567, "energy": 45.006313, "activity_lines": [ 48.418333, 47.406298, 46.880015, 47.047008 ] }, { "date": "2025-06-13", "close": 48.86, "volume": 183660, "typical_volume": 155377.55, "trend": 47.313113, "fair_value": 41.202593, "relative_strength": 0.058032, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.726728, "energy": 54.185337, "activity_lines": [ 48.684667, 47.848522, 47.054142, 47.150505 ] }, { "date": "2025-06-20", "close": 48.86, "volume": 89713, "typical_volume": 156994.4, "trend": 47.356093, "fair_value": 41.290349, "relative_strength": 0.232601, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.704327, "energy": 50.75751, "activity_lines": [ 48.774333, 48.185724, 47.22653, 47.250304 ] }, { "date": "2025-06-27", "close": 49.84, "volume": 1835817, "typical_volume": 245916.35, "trend": 47.421427, "fair_value": 41.387465, "relative_strength": -1.140611, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.663959, "energy": 59.433607, "activity_lines": [ 49.181333, 48.626016, 47.489729, 47.410556 ] }, { "date": "2025-07-04", "close": 50.28, "volume": 259594, "typical_volume": 255823.7, "trend": 47.494347, "fair_value": 41.484516, "relative_strength": -1.884945, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.615901, "energy": 78.519875, "activity_lines": [ 49.604, 49.0426, 47.787582, 47.59498 ] }, { "date": "2025-07-11", "close": 50.22, "volume": 132149, "typical_volume": 258656.45, "trend": 47.568787, "fair_value": 41.582337, "relative_strength": -1.698896, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.946497, "energy": 83.738735, "activity_lines": [ 49.888, 49.361727, 48.072317, 47.770829 ] }, { "date": "2025-07-18", "close": 50.4301, "volume": 57937, "typical_volume": 254099.05, "trend": 47.66479, "fair_value": 41.678171, "relative_strength": -1.853305, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.665919, "energy": 87.205936, "activity_lines": [ 50.1607, 49.651473, 48.368328, 47.955429 ] }, { "date": "2025-07-25", "close": 50.88, "volume": 56453, "typical_volume": 246834.95, "trend": 47.76879, "fair_value": 41.770222, "relative_strength": -2.384843, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.331223, "energy": 90.57129, "activity_lines": [ 50.478693, 49.946289, 48.696099, 48.162862 ] }, { "date": "2025-08-01", "close": 50.3113, "volume": 111980, "typical_volume": 244445.8, "trend": 47.854467, "fair_value": 41.85831, "relative_strength": -1.019807, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.16246, "energy": 85.203538, "activity_lines": [ 50.472453, 50.098433, 48.952189, 48.326895 ] }, { "date": "2025-08-08", "close": 50.9951, "volume": 103306, "typical_volume": 244811.15, "trend": 47.979507, "fair_value": 41.946099, "relative_strength": -2.017816, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.712692, "energy": 86.850089, "activity_lines": [ 50.662727, 50.330607, 49.254774, 48.529517 ] }, { "date": "2025-08-15", "close": 51.23, "volume": 59624, "typical_volume": 244467.85, "trend": 48.084663, "fair_value": 42.036991, "relative_strength": -2.449969, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.033199, "energy": 91.055825, "activity_lines": [ 50.883627, 50.560125, 49.558182, 48.739226 ] }, { "date": "2025-08-22", "close": 51.37, "volume": 82226, "typical_volume": 242577.15, "trend": 48.180497, "fair_value": 42.133978, "relative_strength": -2.403033, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.663811, "energy": 89.980472, "activity_lines": [ 51.08386, 50.774553, 49.849686, 48.951183 ] }, { "date": "2025-08-29", "close": 51.43, "volume": 135461, "typical_volume": 242414.1, "trend": 48.28383, "fair_value": 42.236286, "relative_strength": -2.18756, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.904068, "energy": 89.995448, "activity_lines": [ 51.241433, 50.954253, 50.107446, 49.160829 ] }, { "date": "2025-09-05", "close": 51.51, "volume": 81157, "typical_volume": 244810.3, "trend": 48.39024, "fair_value": 42.333658, "relative_strength": -2.272122, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.215437, "energy": 88.78093, "activity_lines": [ 51.389007, 51.101771, 50.34092, 49.368969 ] }, { "date": "2025-09-12", "close": 51.92, "volume": 81346, "typical_volume": 245326.15, "trend": 48.49674, "fair_value": 42.441222, "relative_strength": -2.937097, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.738635, "energy": 84.657033, "activity_lines": [ 51.593333, 51.293471, 50.578328, 49.596695 ] }, { "date": "2025-09-19", "close": 52.14, "volume": 77139, "typical_volume": 246734.6, "trend": 48.621873, "fair_value": 42.557568, "relative_strength": -3.630581, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.099715, "energy": 79.718734, "activity_lines": [ 51.809333, 51.495353, 50.806211, 49.831744 ] }, { "date": "2025-09-26", "close": 52.115, "volume": 1369907, "typical_volume": 311560.35, "trend": 48.755653, "fair_value": 42.678626, "relative_strength": -3.325296, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.186785, "energy": 80.666819, "activity_lines": [ 51.956333, 51.65778, 51.004871, 50.057107 ] }, { "date": "2025-10-03", "close": 52.2976, "volume": 110668, "typical_volume": 302528.15, "trend": 48.925537, "fair_value": 42.798033, "relative_strength": -3.969035, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.591332, "energy": 81.083247, "activity_lines": [ 52.114533, 51.822773, 51.192802, 50.28562 ] }, { "date": "2025-10-10", "close": 51.7106, "volume": 83849, "typical_volume": 276638.7, "trend": 49.10258, "fair_value": 42.915922, "relative_strength": -2.640395, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.583347, "energy": 66.63618, "activity_lines": [ 52.019227, 51.855264, 51.307792, 50.465301 ] }, { "date": "2025-10-17", "close": 52.1008, "volume": 78354, "typical_volume": 264189.15, "trend": 49.290273, "fair_value": 43.029837, "relative_strength": -3.519087, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.63151, "energy": 65.818386, "activity_lines": [ 52.040613, 51.933258, 51.441679, 50.658735 ] }, { "date": "2025-10-24", "close": 52.61, "volume": 57020, "typical_volume": 252368.0, "trend": 49.51294, "fair_value": 43.140638, "relative_strength": -4.334998, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.115285, "energy": 70.327404, "activity_lines": [ 52.21968, 52.083731, 51.606915, 50.872911 ] }, { "date": "2025-10-31", "close": 52.57, "volume": 104507, "typical_volume": 248410.35, "trend": 49.829147, "fair_value": 43.256322, "relative_strength": -4.965075, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.166501, "energy": 68.232575, "activity_lines": [ 52.35408, 52.20184, 51.75115, 51.07014 ] }, { "date": "2025-11-07", "close": 52.3594, "volume": 38756, "typical_volume": 245862.5, "trend": 50.08346, "fair_value": 43.361312, "relative_strength": -3.726104, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.544787, "energy": 64.942736, "activity_lines": [ 52.387947, 52.25984, 51.857662, 51.233383 ] }, { "date": "2025-11-14", "close": 52.35, "volume": 64764, "typical_volume": 157309.85, "trend": 50.35726, "fair_value": 43.467069, "relative_strength": -3.800025, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.509344, "energy": 62.428446, "activity_lines": [ 52.41456, 52.299233, 51.946615, 51.379611 ] }, { "date": "2025-11-21", "close": 51.9861, "volume": 62870, "typical_volume": 147473.65, "trend": 50.5728, "fair_value": 43.567776, "relative_strength": -2.553283, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.791039, "energy": 50.4528, "activity_lines": [ 52.277247, 52.257189, 51.988959, 51.484697 ] }, { "date": "2025-11-28", "close": 52.9, "volume": 133434, "typical_volume": 147537.9, "trend": 50.786033, "fair_value": 43.672263, "relative_strength": -4.306263, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.210216, "energy": 54.220831, "activity_lines": [ 52.452213, 52.380107, 52.110216, 51.634839 ] }, { "date": "2025-12-05", "close": 53.051, "volume": 34553, "typical_volume": 146368.7, "trend": 51.014067, "fair_value": 43.782783, "relative_strength": -4.293275, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.733685, "energy": 58.496718, "activity_lines": [ 52.65818, 52.516662, 52.233092, 51.780966 ] }, { "date": "2025-12-12", "close": 53.0853, "volume": 59657, "typical_volume": 146528.9, "trend": 51.159577, "fair_value": 43.897208, "relative_strength": -3.621624, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.79179, "energy": 60.467462, "activity_lines": [ 52.843513, 52.642435, 52.346754, 51.914594 ] }, { "date": "2025-12-19", "close": 53.24, "volume": 96739, "typical_volume": 145766.85, "trend": 51.33841, "fair_value": 44.013002, "relative_strength": -3.38508, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.017826, "energy": 75.776994, "activity_lines": [ 53.03202, 52.782013, 52.464649, 52.048815 ] }, { "date": "2025-12-26", "close": 53.545, "volume": 25334, "typical_volume": 141868.25, "trend": 51.506577, "fair_value": 44.130797, "relative_strength": -4.116874, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.107581, "energy": 85.57645, "activity_lines": [ 53.26286, 52.949238, 52.597644, 52.191176 ] }, { "date": "2026-01-02", "close": 53.42, "volume": 30636, "typical_volume": 140418.85, "trend": 51.65391, "fair_value": 44.245413, "relative_strength": -3.262753, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.189743, "energy": 78.73797, "activity_lines": [ 53.348107, 53.067478, 52.706593, 52.314622 ] }, { "date": "2026-01-09", "close": 53.7618, "volume": 40248, "typical_volume": 138319.95, "trend": 51.817303, "fair_value": 44.358373, "relative_strength": -4.061326, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.141486, "energy": 84.299886, "activity_lines": [ 53.51262, 53.233136, 52.837665, 52.450615 ] }, { "date": "2026-01-16", "close": 53.7623, "volume": 43639, "typical_volume": 133728.85, "trend": 51.980713, "fair_value": 44.472435, "relative_strength": -3.642084, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.319129, "energy": 83.671131, "activity_lines": [ 53.629913, 53.377216, 52.957396, 52.576099 ] }, { "date": "2026-01-23", "close": 53.7544, "volume": 38790, "typical_volume": 131610.5, "trend": 52.111193, "fair_value": 44.582463, "relative_strength": -3.254123, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.907472, "energy": 72.970474, "activity_lines": [ 53.69944, 53.494353, 53.065268, 52.69053 ] }, { "date": "2026-01-30", "close": 53.78, "volume": 58919, "typical_volume": 130489.15, "trend": 52.22786, "fair_value": 44.689514, "relative_strength": -3.510144, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.706479, "energy": 67.179177, "activity_lines": [ 53.743207, 53.590609, 53.16489, 52.798195 ] }, { "date": "2026-02-06", "close": 53.8795, "volume": 63661, "typical_volume": 129815.25, "trend": 52.349843, "fair_value": 44.799126, "relative_strength": -3.065088, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.911519, "energy": 62.302987, "activity_lines": [ 53.804473, 53.67234, 53.265131, 52.904753 ] }, { "date": "2026-02-13", "close": 53.61, "volume": 40310, "typical_volume": 63335.4, "trend": 52.45584, "fair_value": 44.907524, "relative_strength": -2.243304, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.781794, "energy": 54.430585, "activity_lines": [ 53.745273, 53.687262, 53.331423, 52.986053 ] }, { "date": "2026-02-20", "close": 53.88, "volume": 57263, "typical_volume": 60665.15, "trend": 52.55584, "fair_value": 45.022139, "relative_strength": -2.765361, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.02473, "energy": 55.869667, "activity_lines": [ 53.786193, 53.741111, 53.41631, 53.077934 ] }, { "date": "2026-02-27", "close": 53.92, "volume": 79054, "typical_volume": 60425.4, "trend": 52.67613, "fair_value": 45.134126, "relative_strength": -2.12792, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.2412, "energy": 56.53952, "activity_lines": [ 53.8326, 53.787784, 53.49747, 53.165945 ] }, { "date": "2026-03-06", "close": 53.32, "volume": 124433, "typical_volume": 62729.35, "trend": 52.753627, "fair_value": 45.24996, "relative_strength": -1.172371, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.234166, "energy": 35.691417, "activity_lines": [ 53.667967, 53.713002, 53.510968, 53.207485 ] }, { "date": "2026-03-13", "close": 53.0398, "volume": 100424, "typical_volume": 64899.55, "trend": 52.813953, "fair_value": 45.361881, "relative_strength": -0.114462, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.892959, "energy": 16.264435, "activity_lines": [ 53.4406, 53.591365, 53.491973, 53.225948 ] }, { "date": "2026-03-20", "close": 52.67, "volume": 37533, "typical_volume": 61550.85, "trend": 52.857287, "fair_value": 45.469189, "relative_strength": 1.059073, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.684412, "energy": 19.614234, "activity_lines": [ 53.145947, 53.409405, 53.435713, 53.21666 ] }, { "date": "2026-03-27", "close": 51.8986, "volume": 82067, "typical_volume": 63716.4, "trend": 52.872907, "fair_value": 45.565783, "relative_strength": 1.895843, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -43.420765, "energy": 44.807747, "activity_lines": [ 52.656827, 53.107042, 53.30551, 53.154809 ] }, { "date": "2026-04-03", "close": 53.1571, "volume": 81447, "typical_volume": 64550.55, "trend": 52.92781, "fair_value": 45.670764, "relative_strength": 1.032691, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.64548, "energy": 30.694522, "activity_lines": [ 52.7193, 53.067382, 53.297359, 53.173145 ] }, { "date": "2026-04-10", "close": 54.3222, "volume": 53551, "typical_volume": 64084.6, "trend": 53.007883, "fair_value": 45.781612, "relative_strength": -0.229111, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.74019, "energy": 19.421872, "activity_lines": [ 53.221, 53.250418, 53.396326, 53.263105 ] }, { "date": "2026-04-17", "close": 55.11, "volume": 270328, "typical_volume": 70929.3, "trend": 53.106883, "fair_value": 45.898342, "relative_strength": -2.98744, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 70.231792, "energy": 43.434937, "activity_lines": [ 53.918487, 53.566833, 53.559198, 53.398726 ] }, { "date": "2026-04-24", "close": 55.2, "volume": 151717, "typical_volume": 76787.5, "trend": 53.209717, "fair_value": 46.014112, "relative_strength": -3.199645, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.973458, "energy": 63.385943, "activity_lines": [ 54.50796, 53.877238, 53.720117, 53.533765 ] }, { "date": "2026-05-01", "close": 55.435, "volume": 65188, "typical_volume": 77064.05, "trend": 53.314297, "fair_value": 46.133234, "relative_strength": -3.551779, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.687233, "energy": 83.56693, "activity_lines": [ 55.0071, 54.201462, 53.893183, 53.677332 ] }, { "date": "2026-05-08", "close": 55.52, "volume": 99005, "typical_volume": 77177.35, "trend": 53.441277, "fair_value": 46.253362, "relative_strength": -5.454029, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.832742, "energy": 86.452814, "activity_lines": [ 55.298813, 54.512867, 54.063156, 53.819635 ] }, { "date": "2026-05-15", "close": 55.62, "volume": 687914, "typical_volume": 110306.35, "trend": 53.558583, "fair_value": 46.370221, "relative_strength": -5.306529, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.446325, "energy": 86.829851, "activity_lines": [ 55.466333, 54.813364, 54.231796, 53.960198 ] }, { "date": "2026-05-22", "close": 55.92, "volume": 736172, "typical_volume": 145583.15, "trend": 53.668917, "fair_value": 46.48849, "relative_strength": -5.424527, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.582849, "energy": 85.677042, "activity_lines": [ 55.647333, 55.126587, 54.419126, 54.112548 ] }, { "date": "2026-05-29", "close": 56.48, "volume": 304149, "typical_volume": 158778.2, "trend": 53.79925, "fair_value": 46.607657, "relative_strength": -5.650102, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.125359, "energy": 86.054422, "activity_lines": [ 55.961, 55.489262, 54.647884, 54.293908 ] }, { "date": "2026-06-05", "close": 55.52, "volume": 295270, "typical_volume": 171359.75, "trend": 53.904603, "fair_value": 46.719452, "relative_strength": -4.700913, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.70081, "energy": 59.339827, "activity_lines": [ 55.869333, 55.608118, 54.77227, 54.404924 ] }, { "date": "2026-06-12", "close": 55.7934, "volume": 745960, "typical_volume": 206718.25, "trend": 54.019383, "fair_value": 46.829346, "relative_strength": -4.598238, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.26775, "energy": 55.041684, "activity_lines": [ 55.863133, 55.71084, 54.914325, 54.526782 ] }, { "date": "2026-06-19", "close": 56.175, "volume": 145722, "typical_volume": 211058.4, "trend": 54.159013, "fair_value": 46.94348, "relative_strength": -4.646963, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.08336, "energy": 56.122503, "activity_lines": [ 55.965907, 55.835011, 55.083012, 54.665854 ] }, { "date": "2026-06-26", "close": 55.46, "volume": 2045030, "typical_volume": 310126.85, "trend": 54.244347, "fair_value": 47.049216, "relative_strength": -3.430258, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.368005, "energy": 39.267857, "activity_lines": [ 55.793347, 55.795495, 55.1722, 54.749789 ] }, { "date": "2026-07-03", "close": 56.13, "volume": 128684, "typical_volume": 314545.55, "trend": 54.34698, "fair_value": 47.160883, "relative_strength": -4.197075, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.687111, "energy": 47.964861, "activity_lines": [ 55.874787, 55.871433, 55.317671, 54.871444 ] }, { "date": "2026-07-10", "close": 56.59, "volume": 76513, "typical_volume": 315508.05, "trend": 54.463803, "fair_value": 47.271716, "relative_strength": -4.562345, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.605709, "energy": 58.707366, "activity_lines": [ 56.132893, 56.014098, 55.494951, 55.016155 ] }, { "date": "2026-07-17", "close": 56.05, "volume": 152254, "typical_volume": 319168.05, "trend": 54.55747, "fair_value": 47.37819, "relative_strength": -3.852793, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.131632, "energy": 48.265516, "activity_lines": [ 56.139667, 56.037582, 55.607899, 55.11849 ] }, { "date": "2026-07-24", "close": 55.9, "volume": 113309, "typical_volume": 318611.85, "trend": 54.63597, "fair_value": 47.482613, "relative_strength": -3.423666, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.304982, "energy": 46.094799, "activity_lines": [ 56.079333, 56.024156, 55.696417, 55.205105 ] }, { "date": "2026-07-31", "close": 56.35, "volume": 138012, "typical_volume": 320491.25, "trend": 54.733637, "fair_value": 47.592806, "relative_strength": -3.550627, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.445306, "energy": 45.772381, "activity_lines": [ 56.187333, 56.087458, 55.815507, 55.315687 ] }, { "date": "2026-08-07", "close": 57.5164, "volume": 85071, "typical_volume": 322868.15, "trend": 54.85879, "fair_value": 47.710901, "relative_strength": -4.740533, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.816515, "energy": 55.02543, "activity_lines": [ 56.6248, 56.355015, 56.02992, 55.49522 ] } ], "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." } } }