{ "ticker": { "uuid": "23a9771d-badf-40ef-8618-9328b19b1191", "symbol": "VALT", "name": "CI Gold Bullion ETF", "exchange": "TOR", "country": "CA", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GSPTSE", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -61.961, "architecture_energy": 52.484, "architecture_maturity": 45.307, "architecture_confidence": 95.342, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 17.22, "rotation_up": 26.59, "upward_expansion": 8.9, "deceleration": 58.51, "rotation_down": 51.72, "downward_expansion": 82.23 }, "activity_lines": [ 50.460673, 50.572682, 52.492948, 54.314317 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 51.900002, "trend_reference": 56.604957, "distance_from_trend": -0.083119, "trend_direction": "Weakening", "fair_value": 39.418358, "distance_from_fair_value": 0.316645, "fair_value_direction": "Weakening", "relative_strength": -13.933424, "relative_strength_direction": "Weakening", "price_momentum": -0.155116, "excess_performance": -0.275538, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.083119, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.011996, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.316645, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.250749, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.139334, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.15925, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.155116, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.452382, "read": "Supply-led" } ], "volume": { "latest": 16430, "relative_activity": 0.369135, "balance": 0.452382, "dry_up": 0.454639, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.045505, "annualized_volatility": 0.226702, "from_high_reference": -0.246401, "from_low_reference": 0.250897 }, "levels": { "trend_reference": 56.604957, "fair_value_reference": 39.418358, "structural_low": 48.818089, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": 0.002896, "positive_rate": 0.625, "directional_follow_through": 0.375, "median_excess_return": -0.009072, "regime_survival": 0.75, "best_return": 0.065865, "worst_return": -0.048923, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.047619, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.052134, "regime_survival": 0.333333, "best_return": 0.181641, "worst_return": -0.057666, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.116171, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.04638, "regime_survival": 0.0, "best_return": 0.118841, "worst_return": 0.113501, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.2277, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.115052, "regime_survival": 0.0, "best_return": 0.32588, "worst_return": 0.129519, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-10-27", "end": "2023-11-03", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-11-10", "end": "2023-12-01", "tenure": "New", "return": 0.067106, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-08", "end": "2024-01-26", "tenure": "Developing", "return": 0.006773, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-02", "end": "2024-03-01", "tenure": "Developing", "return": 0.016896, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-08", "end": "2024-06-07", "tenure": "Established", "return": 0.059823, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-14", "end": "2024-07-12", "tenure": "Developing", "return": 0.035776, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-11-22", "tenure": "Established", "return": 0.12387, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-29", "end": "2025-01-24", "tenure": "Developing", "return": 0.029757, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-07-11", "tenure": "Established", "return": 0.187228, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-18", "end": "2025-07-25", "tenure": "New", "return": -0.003181, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2026-03-20", "tenure": "Extended", "return": 0.324304, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-05-22", "tenure": "Developing", "return": -0.004594, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-29", "end": "2026-06-19", "tenure": "New", "return": -0.084201, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.036083, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 24.388489, "volume": 16930, "typical_volume": 5633.8, "trend": 25.057896, "fair_value": 23.861012, "relative_strength": 2.060972, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -50.461026, "energy": 54.880362, "activity_lines": [ 24.797533, 24.922358, 25.141389, 25.177624 ] }, { "date": "2023-08-25", "close": 24.583761, "volume": 1459, "typical_volume": 5677.55, "trend": 25.044536, "fair_value": 23.866288, "relative_strength": 2.621556, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.563372, "energy": 63.485408, "activity_lines": [ 24.669407, 24.850415, 25.065531, 25.147034 ] }, { "date": "2023-09-01", "close": 25.035971, "volume": 1459, "typical_volume": 5186.2, "trend": 25.07297, "fair_value": 23.874763, "relative_strength": 0.796214, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.588217, "energy": 57.056193, "activity_lines": [ 24.74409, 24.874334, 25.040327, 25.146482 ] }, { "date": "2023-09-08", "close": 24.758478, "volume": 875, "typical_volume": 5171.5, "trend": 25.09421, "fair_value": 23.881121, "relative_strength": 1.837873, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.146687, "energy": 53.135664, "activity_lines": [ 24.744775, 24.844249, 24.993295, 25.126192 ] }, { "date": "2023-09-15", "close": 24.820145, "volume": 12551, "typical_volume": 5765.0, "trend": 25.125385, "fair_value": 23.887828, "relative_strength": -0.745744, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.748512, "energy": 33.451055, "activity_lines": [ 24.786571, 24.826684, 24.956394, 25.10851 ] }, { "date": "2023-09-22", "close": 24.830421, "volume": 9828, "typical_volume": 6236.95, "trend": 25.170264, "fair_value": 23.894514, "relative_strength": 3.36112, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.108713, "energy": 22.675698, "activity_lines": [ 24.824255, 24.808558, 24.924827, 25.08948 ] }, { "date": "2023-09-29", "close": 24.080164, "volume": 18876, "typical_volume": 7180.75, "trend": 25.180198, "fair_value": 23.895821, "relative_strength": 1.365458, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.709879, "energy": 50.795623, "activity_lines": [ 24.582391, 24.66187, 24.829932, 25.019151 ] }, { "date": "2023-10-06", "close": 23.463514, "volume": 1168, "typical_volume": 7195.35, "trend": 25.172319, "fair_value": 23.892798, "relative_strength": 0.257997, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.120533, "energy": 83.7339, "activity_lines": [ 24.16855, 24.426422, 24.685802, 24.908397 ] }, { "date": "2023-10-13", "close": 24.850977, "volume": 4379, "typical_volume": 6095.85, "trend": 25.171634, "fair_value": 23.899452, "relative_strength": 4.820739, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.717335, "energy": 59.023975, "activity_lines": [ 24.322028, 24.476875, 24.683845, 24.887666 ] }, { "date": "2023-10-20", "close": 25.539568, "volume": 24812, "typical_volume": 7141.85, "trend": 25.169921, "fair_value": 23.910763, "relative_strength": 9.312921, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.08834, "energy": 18.399139, "activity_lines": [ 24.698869, 24.656451, 24.748691, 24.911403 ] }, { "date": "2023-10-27", "close": 25.601233, "volume": 5059, "typical_volume": 7346.15, "trend": 25.172319, "fair_value": 23.922342, "relative_strength": 11.339599, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.041893, "energy": 14.957841, "activity_lines": [ 25.048304, 24.832103, 24.819703, 24.93923 ] }, { "date": "2023-11-03", "close": 25.601233, "volume": 583, "typical_volume": 7068.8, "trend": 25.153134, "fair_value": 23.933763, "relative_strength": 4.911586, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.756056, "energy": 39.753994, "activity_lines": [ 25.346351, 24.985705, 24.889541, 24.966902 ] }, { "date": "2023-11-10", "close": 24.964029, "volume": 681, "typical_volume": 7029.85, "trend": 25.118533, "fair_value": 23.940724, "relative_strength": 2.966595, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.591493, "energy": 33.788825, "activity_lines": [ 25.330593, 25.004952, 24.897421, 24.954701 ] }, { "date": "2023-11-17", "close": 25.549847, "volume": 10995, "typical_volume": 7336.35, "trend": 25.115108, "fair_value": 23.951523, "relative_strength": 2.453785, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.222108, "energy": 46.631905, "activity_lines": [ 25.410072, 25.132019, 24.960505, 24.982528 ] }, { "date": "2023-11-24", "close": 25.930113, "volume": 5352, "typical_volume": 7501.75, "trend": 25.121617, "fair_value": 23.964714, "relative_strength": 4.077703, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.217551, "energy": 57.67455, "activity_lines": [ 25.569716, 25.313837, 25.056379, 25.035109 ] }, { "date": "2023-12-01", "close": 26.639259, "volume": 2141, "typical_volume": 7365.55, "trend": 25.125043, "fair_value": 23.982426, "relative_strength": 4.832449, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 86.644647, "energy": 77.346386, "activity_lines": [ 25.939705, 25.60441, 25.21387, 25.133022 ] }, { "date": "2023-12-08", "close": 25.796507, "volume": 21600, "typical_volume": 8255.8, "trend": 25.115793, "fair_value": 23.994361, "relative_strength": 1.96396, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.38723, "energy": 67.343498, "activity_lines": [ 25.959576, 25.708867, 25.28454, 25.176342 ] }, { "date": "2023-12-15", "close": 26.002054, "volume": 6130, "typical_volume": 7672.0, "trend": 25.130181, "fair_value": 24.007483, "relative_strength": 1.672726, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.039441, "energy": 66.663751, "activity_lines": [ 26.034943, 25.81949, 25.37273, 25.23352 ] }, { "date": "2023-12-22", "close": 26.300102, "volume": 25882, "typical_volume": 8664.5, "trend": 25.169921, "fair_value": 24.02237, "relative_strength": 1.00554, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.513376, "energy": 67.279543, "activity_lines": [ 26.140459, 25.938148, 25.486027, 25.308999 ] }, { "date": "2023-12-29", "close": 26.557039, "volume": 12844, "typical_volume": 9180.2, "trend": 25.201781, "fair_value": 24.038723, "relative_strength": 1.541891, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.563212, "energy": 57.722458, "activity_lines": [ 26.281603, 26.077174, 25.617922, 25.39849 ] }, { "date": "2024-01-05", "close": 26.279549, "volume": 5546, "typical_volume": 8611.0, "trend": 25.232614, "fair_value": 24.053087, "relative_strength": 0.4957, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.032865, "energy": 53.255259, "activity_lines": [ 26.288455, 26.147248, 25.714579, 25.468024 ] }, { "date": "2024-01-12", "close": 26.073997, "volume": 11579, "typical_volume": 9117.0, "trend": 25.25728, "fair_value": 24.066461, "relative_strength": -0.578732, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.79479, "energy": 55.331129, "activity_lines": [ 26.25077, 26.167616, 25.782655, 25.522306 ] }, { "date": "2024-01-19", "close": 26.053444, "volume": 682, "typical_volume": 9078.15, "trend": 25.297705, "fair_value": 24.077266, "relative_strength": -0.300225, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.67267, "energy": 43.650488, "activity_lines": [ 26.187736, 26.175652, 25.841678, 25.573672 ] }, { "date": "2024-01-26", "close": 25.971224, "volume": 5644, "typical_volume": 9316.6, "trend": 25.335731, "fair_value": 24.0884, "relative_strength": -1.67939, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.010418, "energy": 30.503117, "activity_lines": [ 26.093868, 26.14893, 25.888024, 25.617125 ] }, { "date": "2024-02-02", "close": 26.156218, "volume": 7200, "typical_volume": 9049.05, "trend": 25.384721, "fair_value": 24.103552, "relative_strength": -0.905366, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.046498, "energy": 26.350057, "activity_lines": [ 26.083591, 26.148183, 25.946214, 25.670059 ] }, { "date": "2024-02-09", "close": 26.115108, "volume": 2530, "typical_volume": 8684.15, "trend": 25.413155, "fair_value": 24.117914, "relative_strength": -0.816429, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.397152, "energy": 24.6053, "activity_lines": [ 26.086331, 26.13585, 25.994127, 25.717181 ] }, { "date": "2024-02-16", "close": 25.745117, "volume": 1460, "typical_volume": 7813.35, "trend": 25.425831, "fair_value": 24.133133, "relative_strength": -3.422859, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.895621, "energy": 18.069944, "activity_lines": [ 25.976704, 26.065776, 26.000685, 25.738598 ] }, { "date": "2024-02-23", "close": 26.156218, "volume": 973, "typical_volume": 7803.6, "trend": 25.453922, "fair_value": 24.155467, "relative_strength": -2.692419, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.394686, "energy": 22.297913, "activity_lines": [ 26.026036, 26.071382, 26.038467, 25.78572 ] }, { "date": "2024-03-01", "close": 26.59815, "volume": 486, "typical_volume": 7608.95, "trend": 25.504967, "fair_value": 24.183203, "relative_strength": -1.805681, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.746599, "energy": 38.793874, "activity_lines": [ 26.215827, 26.154536, 26.105516, 25.859541 ] }, { "date": "2024-03-08", "close": 27.83145, "volume": 19362, "typical_volume": 7336.45, "trend": 25.609113, "fair_value": 24.216671, "relative_strength": 1.745025, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.617318, "energy": 82.695326, "activity_lines": [ 26.774923, 26.456508, 26.281701, 26.009637 ] }, { "date": "2024-03-15", "close": 27.769785, "volume": 18877, "typical_volume": 8027.35, "trend": 25.721822, "fair_value": 24.248821, "relative_strength": 1.01893, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.303732, "energy": 93.888538, "activity_lines": [ 27.201782, 26.724096, 26.4411, 26.149035 ] }, { "date": "2024-03-22", "close": 27.749229, "volume": 32789, "typical_volume": 9637.65, "trend": 25.827338, "fair_value": 24.280971, "relative_strength": 0.401486, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.140522, "energy": 91.975763, "activity_lines": [ 27.511477, 26.960852, 26.588215, 26.279835 ] }, { "date": "2024-03-29", "close": 28.520041, "volume": 1362, "typical_volume": 9671.7, "trend": 25.943474, "fair_value": 24.318853, "relative_strength": 2.313201, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.057939, "energy": 96.483763, "activity_lines": [ 27.944502, 27.307297, 26.798512, 26.453558 ] }, { "date": "2024-04-05", "close": 29.794451, "volume": 59646, "typical_volume": 12104.25, "trend": 26.11134, "fair_value": 24.363322, "relative_strength": 6.348945, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 97.584355, "energy": 98.83402, "activity_lines": [ 28.644742, 27.840606, 27.113248, 26.702008 ] }, { "date": "2024-04-12", "close": 30.061665, "volume": 21018, "typical_volume": 12887.55, "trend": 26.286057, "fair_value": 24.406738, "relative_strength": 8.906416, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.512546, "energy": 97.337967, "activity_lines": [ 29.220966, 28.352985, 27.433221, 26.956868 ] }, { "date": "2024-04-19", "close": 30.647482, "volume": 5352, "typical_volume": 13048.1, "trend": 26.479959, "fair_value": 24.452328, "relative_strength": 11.21896, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.021809, "energy": 97.402151, "activity_lines": [ 29.843782, 28.900869, 27.789312, 27.23825 ] }, { "date": "2024-04-26", "close": 30.030832, "volume": 13137, "typical_volume": 12624.95, "trend": 26.678314, "fair_value": 24.496205, "relative_strength": 7.981493, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.543656, "energy": 87.764201, "activity_lines": [ 30.069202, 29.254228, 28.067587, 27.467339 ] }, { "date": "2024-05-03", "close": 29.516958, "volume": 16347, "typical_volume": 13135.8, "trend": 26.880096, "fair_value": 24.531781, "relative_strength": 6.153582, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.949158, "energy": 67.739727, "activity_lines": [ 29.971223, 29.436233, 28.276758, 27.650477 ] }, { "date": "2024-05-10", "close": 30.308325, "volume": 32304, "typical_volume": 13456.9, "trend": 27.062008, "fair_value": 24.572891, "relative_strength": 7.100598, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.92334, "energy": 69.237264, "activity_lines": [ 30.070572, 29.701019, 28.54456, 27.871653 ] }, { "date": "2024-05-17", "close": 30.924974, "volume": 4963, "typical_volume": 13062.85, "trend": 27.241521, "fair_value": 24.613145, "relative_strength": 8.321161, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.005919, "energy": 70.722197, "activity_lines": [ 30.341213, 30.010464, 28.852004, 28.120877 ] }, { "date": "2024-05-24", "close": 29.907503, "volume": 3989, "typical_volume": 12985.0, "trend": 27.385063, "fair_value": 24.645229, "relative_strength": 5.308787, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.825203, "energy": 60.989973, "activity_lines": [ 30.215142, 30.07867, 29.041746, 28.292875 ] }, { "date": "2024-05-31", "close": 29.825283, "volume": 1655, "typical_volume": 12488.8, "trend": 27.525865, "fair_value": 24.677906, "relative_strength": 5.166885, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.687779, "energy": 56.34668, "activity_lines": [ 30.110997, 30.093058, 29.206382, 28.450309 ] }, { "date": "2024-06-07", "close": 29.496403, "volume": 1946, "typical_volume": 12552.0, "trend": 27.676944, "fair_value": 24.709397, "relative_strength": 5.141596, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.93037, "energy": 45.709961, "activity_lines": [ 29.910929, 30.009904, 29.321832, 28.57744 ] }, { "date": "2024-06-14", "close": 29.876671, "volume": 16250, "typical_volume": 13082.3, "trend": 27.821172, "fair_value": 24.752418, "relative_strength": 8.12434, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.424193, "energy": 34.656035, "activity_lines": [ 29.838986, 29.978137, 29.457104, 28.719358 ] }, { "date": "2024-06-21", "close": 29.763618, "volume": 9536, "typical_volume": 13199.1, "trend": 27.948955, "fair_value": 24.793989, "relative_strength": 7.970789, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.782401, "energy": 29.573455, "activity_lines": [ 29.758137, 29.924321, 29.563011, 28.844677 ] }, { "date": "2024-06-28", "close": 29.804728, "volume": 15763, "typical_volume": 13860.75, "trend": 28.054471, "fair_value": 24.837207, "relative_strength": 6.325246, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.147175, "energy": 26.894958, "activity_lines": [ 29.768414, 29.883398, 29.655655, 28.964405 ] }, { "date": "2024-07-05", "close": 30.585817, "volume": 81343, "typical_volume": 17854.9, "trend": 28.214115, "fair_value": 24.882797, "relative_strength": 7.975911, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.540677, "energy": 44.344701, "activity_lines": [ 30.045906, 29.999813, 29.805119, 29.127717 ] }, { "date": "2024-07-12", "close": 30.94553, "volume": 8757, "typical_volume": 18244.1, "trend": 28.378897, "fair_value": 24.929507, "relative_strength": 6.097402, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 73.077569, "energy": 53.680473, "activity_lines": [ 30.392601, 30.171541, 29.965791, 29.303938 ] }, { "date": "2024-07-19", "close": 30.69887, "volume": 12455, "typical_volume": 18842.55, "trend": 28.525523, "fair_value": 24.975426, "relative_strength": 4.987351, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.840764, "energy": 58.575478, "activity_lines": [ 30.560466, 30.272447, 30.080165, 29.453613 ] }, { "date": "2024-07-26", "close": 30.503597, "volume": 24715, "typical_volume": 19110.2, "trend": 28.657075, "fair_value": 25.018381, "relative_strength": 3.590917, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.620041, "energy": 60.28167, "activity_lines": [ 30.608428, 30.330749, 30.156414, 29.581231 ] }, { "date": "2024-08-02", "close": 31.120247, "volume": 54392, "typical_volume": 20885.95, "trend": 28.818431, "fair_value": 25.06687, "relative_strength": 8.216865, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.526444, "energy": 63.961757, "activity_lines": [ 30.812607, 30.50883, 30.278667, 29.740145 ] }, { "date": "2024-08-09", "close": 31.048304, "volume": 29872, "typical_volume": 20740.1, "trend": 28.984241, "fair_value": 25.117137, "relative_strength": 7.273179, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.407763, "energy": 51.693568, "activity_lines": [ 30.905105, 30.65178, 30.378114, 29.884008 ] }, { "date": "2024-08-16", "close": 31.932169, "volume": 5353, "typical_volume": 20939.65, "trend": 29.180199, "fair_value": 25.172543, "relative_strength": 6.526006, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.365854, "energy": 67.821676, "activity_lines": [ 31.261391, 30.933197, 30.546029, 30.074197 ] }, { "date": "2024-08-23", "close": 32.096607, "volume": 2920, "typical_volume": 18103.35, "trend": 29.384378, "fair_value": 25.226039, "relative_strength": 5.792595, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.732988, "energy": 84.699115, "activity_lines": [ 31.606714, 31.200224, 30.713356, 30.262352 ] }, { "date": "2024-08-30", "close": 31.901337, "volume": 7200, "typical_volume": 17412.45, "trend": 29.575882, "fair_value": 25.278349, "relative_strength": 4.64987, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.436847, "energy": 82.341204, "activity_lines": [ 31.793765, 31.391386, 30.851123, 30.424737 ] }, { "date": "2024-09-06", "close": 31.993834, "volume": 2141, "typical_volume": 17251.9, "trend": 29.77184, "fair_value": 25.331647, "relative_strength": 7.285012, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.266919, "energy": 84.900251, "activity_lines": [ 31.918465, 31.560497, 30.98894, 30.580734 ] }, { "date": "2024-09-13", "close": 32.908531, "volume": 2822, "typical_volume": 16736.15, "trend": 30.01062, "fair_value": 25.395618, "relative_strength": 6.364865, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.169914, "energy": 90.313892, "activity_lines": [ 32.289826, 31.856115, 31.207459, 30.783101 ] }, { "date": "2024-09-20", "close": 33.422405, "volume": 6811, "typical_volume": 16259.35, "trend": 30.252827, "fair_value": 25.462882, "relative_strength": 6.447706, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.152577, "energy": 90.316174, "activity_lines": [ 32.708462, 32.202934, 31.461215, 31.003216 ] }, { "date": "2024-09-27", "close": 33.843781, "volume": 114231, "typical_volume": 20355.7, "trend": 30.494348, "fair_value": 25.532585, "relative_strength": 7.105012, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.56271, "energy": 92.744856, "activity_lines": [ 33.168208, 32.581332, 31.736505, 31.234891 ] }, { "date": "2024-10-04", "close": 33.833504, "volume": 3600, "typical_volume": 20287.55, "trend": 30.694416, "fair_value": 25.602221, "relative_strength": 5.880072, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.416473, "energy": 91.462448, "activity_lines": [ 33.50805, 32.900682, 31.99398, 31.45032 ] }, { "date": "2024-10-11", "close": 33.905445, "volume": 10995, "typical_volume": 20637.85, "trend": 30.898938, "fair_value": 25.669223, "relative_strength": 4.602695, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.237631, "energy": 89.513246, "activity_lines": [ 33.743062, 33.172568, 32.244457, 31.657483 ] }, { "date": "2024-10-18", "close": 34.676258, "volume": 7298, "typical_volume": 20920.0, "trend": 31.129839, "fair_value": 25.74077, "relative_strength": 5.373522, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.14368, "energy": 93.316648, "activity_lines": [ 34.10757, 33.533962, 32.549307, 31.901181 ] }, { "date": "2024-10-25", "close": 34.902363, "volume": 5643, "typical_volume": 21104.85, "trend": 31.342583, "fair_value": 25.81403, "relative_strength": 7.521981, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.424152, "energy": 92.883112, "activity_lines": [ 34.429598, 33.870503, 32.852591, 32.14457 ] }, { "date": "2024-11-01", "close": 34.881809, "volume": 14887, "typical_volume": 21036.7, "trend": 31.512162, "fair_value": 25.885577, "relative_strength": 8.152363, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.271753, "energy": 88.554564, "activity_lines": [ 34.646111, 34.149303, 33.128175, 32.372907 ] }, { "date": "2024-11-08", "close": 34.285713, "volume": 15958, "typical_volume": 21357.8, "trend": 31.652963, "fair_value": 25.949482, "relative_strength": 3.967032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.841376, "energy": 67.231975, "activity_lines": [ 34.594723, 34.269083, 33.323153, 32.551846 ] }, { "date": "2024-11-15", "close": 32.620762, "volume": 13428, "typical_volume": 21241.05, "trend": 31.718739, "fair_value": 26.003768, "relative_strength": -1.666267, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.234518, "energy": 51.542298, "activity_lines": [ 33.958205, 34.042791, 33.338031, 32.614284 ] }, { "date": "2024-11-22", "close": 34.501541, "volume": 15374, "typical_volume": 17942.6, "trend": 31.867763, "fair_value": 26.07604, "relative_strength": 1.643457, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.235619, "energy": 44.658621, "activity_lines": [ 34.034258, 34.147061, 33.518622, 32.79382 ] }, { "date": "2024-11-29", "close": 34.193218, "volume": 23547, "typical_volume": 18682.1, "trend": 32.023638, "fair_value": 26.14627, "relative_strength": -0.109142, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.308003, "energy": 32.019126, "activity_lines": [ 34.019185, 34.166308, 33.651201, 32.943849 ] }, { "date": "2024-12-06", "close": 33.535458, "volume": 25590, "typical_volume": 19338.85, "trend": 32.131209, "fair_value": 26.212678, "relative_strength": -2.249137, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.776393, "energy": 24.335562, "activity_lines": [ 33.832135, 34.051948, 33.705672, 33.041386 ] }, { "date": "2024-12-13", "close": 33.761562, "volume": 35515, "typical_volume": 19878.85, "trend": 32.225762, "fair_value": 26.278691, "relative_strength": -0.064087, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.14742, "energy": 27.951192, "activity_lines": [ 33.810209, 33.984304, 33.768169, 33.14657 ] }, { "date": "2024-12-20", "close": 33.371017, "volume": 49915, "typical_volume": 19655.0, "trend": 32.341213, "fair_value": 26.341279, "relative_strength": 1.348032, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.716565, "energy": 18.242809, "activity_lines": [ 33.693046, 33.846959, 33.777957, 33.220458 ] }, { "date": "2024-12-27", "close": 33.227135, "volume": 15569, "typical_volume": 18939.85, "trend": 32.454608, "fair_value": 26.404129, "relative_strength": 0.005064, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.256256, "energy": 14.511939, "activity_lines": [ 33.477904, 33.693171, 33.763324, 33.277614 ] }, { "date": "2025-01-03", "close": 33.535458, "volume": 4476, "typical_volume": 18896.0, "trend": 32.589243, "fair_value": 26.46955, "relative_strength": -0.300258, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.051296, "energy": 12.515351, "activity_lines": [ 33.450498, 33.621789, 33.76768, 33.347346 ] }, { "date": "2025-01-10", "close": 34.203495, "volume": 9730, "typical_volume": 19236.5, "trend": 32.73347, "fair_value": 26.536551, "relative_strength": 2.736905, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.377965, "energy": 13.125539, "activity_lines": [ 33.689621, 33.696721, 33.828024, 33.451491 ] }, { "date": "2025-01-17", "close": 34.316547, "volume": 7882, "typical_volume": 19270.6, "trend": 32.885235, "fair_value": 26.603223, "relative_strength": 1.663541, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.176922, "energy": 22.60151, "activity_lines": [ 33.921892, 33.804541, 33.889101, 33.553625 ] }, { "date": "2025-01-24", "close": 35.21069, "volume": 5352, "typical_volume": 19431.15, "trend": 33.065433, "fair_value": 26.678855, "relative_strength": 2.44766, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 67.281784, "energy": 50.302233, "activity_lines": [ 34.415212, 34.074372, 34.023834, 33.703655 ] }, { "date": "2025-01-31", "close": 35.488182, "volume": 7589, "typical_volume": 19669.5, "trend": 33.228846, "fair_value": 26.755409, "relative_strength": 2.775018, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.787105, "energy": 66.500974, "activity_lines": [ 34.878384, 34.347567, 34.169677, 33.859961 ] }, { "date": "2025-02-07", "close": 36.330936, "volume": 12260, "typical_volume": 19941.95, "trend": 33.408359, "fair_value": 26.832622, "relative_strength": 5.311726, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.583958, "energy": 79.44336, "activity_lines": [ 35.471738, 34.756051, 34.383498, 34.060096 ] }, { "date": "2025-02-14", "close": 36.577595, "volume": 14887, "typical_volume": 14974.75, "trend": 33.604317, "fair_value": 26.908254, "relative_strength": 5.52358, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.050762, "energy": 85.509411, "activity_lines": [ 35.960946, 35.170514, 34.60696, 34.264563 ] }, { "date": "2025-02-21", "close": 37.235355, "volume": 29677, "typical_volume": 16278.6, "trend": 33.828709, "fair_value": 26.988695, "relative_strength": 8.459852, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.589372, "energy": 92.682793, "activity_lines": [ 36.511134, 35.649258, 34.880048, 34.498823 ] }, { "date": "2025-02-28", "close": 36.063721, "volume": 13134, "typical_volume": 16385.55, "trend": 33.993491, "fair_value": 27.057738, "relative_strength": 3.755419, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.848322, "energy": 82.647354, "activity_lines": [ 36.476191, 35.851818, 35.025352, 34.643018 ] }, { "date": "2025-03-07", "close": 36.875641, "volume": 15957, "typical_volume": 16818.5, "trend": 34.187736, "fair_value": 27.126914, "relative_strength": 8.492348, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.777607, "energy": 80.073475, "activity_lines": [ 36.655019, 36.153041, 35.237704, 34.828963 ] }, { "date": "2025-03-14", "close": 37.79034, "volume": 15957, "typical_volume": 17334.2, "trend": 34.383008, "fair_value": 27.207091, "relative_strength": 11.694064, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.669892, "energy": 79.932409, "activity_lines": [ 37.046249, 36.554237, 35.526697, 35.061389 ] }, { "date": "2025-03-21", "close": 38.180885, "volume": 7005, "typical_volume": 16940.1, "trend": 34.585817, "fair_value": 27.288323, "relative_strength": 10.56042, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.637617, "energy": 73.078391, "activity_lines": [ 37.470367, 36.94908, 35.839133, 35.306413 ] }, { "date": "2025-03-28", "close": 38.982529, "volume": 6228, "typical_volume": 16453.6, "trend": 34.821857, "fair_value": 27.376341, "relative_strength": 13.382166, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.734539, "energy": 92.320738, "activity_lines": [ 38.054814, 37.41736, 36.212206, 35.590072 ] }, { "date": "2025-04-04", "close": 38.468655, "volume": 18000, "typical_volume": 16682.2, "trend": 35.037684, "fair_value": 27.460405, "relative_strength": 18.913011, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.538882, "energy": 86.018526, "activity_lines": [ 38.351491, 37.707372, 36.513973, 35.825349 ] }, { "date": "2025-04-11", "close": 40.801643, "volume": 46607, "typical_volume": 18243.85, "trend": 35.300788, "fair_value": 27.557317, "relative_strength": 23.408725, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.536809, "energy": 93.045162, "activity_lines": [ 39.265502, 38.362329, 37.010082, 36.197218 ] }, { "date": "2025-04-18", "close": 41.952724, "volume": 8174, "typical_volume": 17475.2, "trend": 35.585132, "fair_value": 27.664835, "relative_strength": 23.16161, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.029812, "energy": 94.559253, "activity_lines": [ 40.301473, 39.129964, 37.585817, 36.626375 ] }, { "date": "2025-04-25", "close": 41.685509, "volume": 52834, "typical_volume": 18837.4, "trend": 35.846523, "fair_value": 27.772749, "relative_strength": 19.291877, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.50738, "energy": 83.609388, "activity_lines": [ 40.970881, 39.7468, 38.099154, 37.019948 ] }, { "date": "2025-05-02", "close": 40.750256, "volume": 24228, "typical_volume": 18273.05, "trend": 36.077081, "fair_value": 27.877039, "relative_strength": 14.678557, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.890986, "energy": 72.180828, "activity_lines": [ 41.094895, 40.100719, 38.484609, 37.336317 ] }, { "date": "2025-05-09", "close": 41.92189, "volume": 17124, "typical_volume": 16633.5, "trend": 36.344296, "fair_value": 27.994703, "relative_strength": 15.995122, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.339303, "energy": 69.082386, "activity_lines": [ 41.491606, 40.603756, 38.948368, 37.713402 ] }, { "date": "2025-05-16", "close": 40.195271, "volume": 18974, "typical_volume": 16803.75, "trend": 36.528263, "fair_value": 28.098203, "relative_strength": 8.33744, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.918091, "energy": 58.995702, "activity_lines": [ 41.082562, 40.686349, 39.206969, 37.961852 ] }, { "date": "2025-05-23", "close": 42.281605, "volume": 17903, "typical_volume": 17475.1, "trend": 36.774238, "fair_value": 28.214417, "relative_strength": 13.914721, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.570396, "energy": 59.277998, "activity_lines": [ 41.409387, 41.087919, 39.631087, 38.333035 ] }, { "date": "2025-05-30", "close": 41.42857, "volume": 19558, "typical_volume": 17966.5, "trend": 36.992463, "fair_value": 28.325559, "relative_strength": 9.999055, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.471286, "energy": 51.581416, "activity_lines": [ 41.429941, 41.252733, 39.932315, 38.633315 ] }, { "date": "2025-06-06", "close": 41.644398, "volume": 25688, "typical_volume": 18856.8, "trend": 37.237753, "fair_value": 28.436042, "relative_strength": 9.166016, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.351887, "energy": 47.856816, "activity_lines": [ 41.539568, 41.397738, 40.219693, 38.933439 ] }, { "date": "2025-06-13", "close": 43.196301, "volume": 21504, "typical_volume": 19664.4, "trend": 37.590271, "fair_value": 28.558516, "relative_strength": 12.538951, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.418692, "energy": 58.402783, "activity_lines": [ 42.106886, 41.776511, 40.619977, 39.317862 ] }, { "date": "2025-06-20", "close": 42.291882, "volume": 24909, "typical_volume": 20530.4, "trend": 37.849949, "fair_value": 28.677036, "relative_strength": 9.896853, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.070574, "energy": 50.221786, "activity_lines": [ 42.28777, 41.904887, 40.896099, 39.621192 ] }, { "date": "2025-06-27", "close": 41.048306, "volume": 17027, "typical_volume": 20768.75, "trend": 38.078452, "fair_value": 28.788969, "relative_strength": 5.642002, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.029599, "energy": 42.86298, "activity_lines": [ 41.914355, 41.780062, 41.021387, 39.827537 ] }, { "date": "2025-07-04", "close": 41.305241, "volume": 8563, "typical_volume": 20452.55, "trend": 38.337445, "fair_value": 28.908214, "relative_strength": 4.69985, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.142706, "energy": 34.049846, "activity_lines": [ 41.708805, 41.718397, 41.148681, 40.035717 ] }, { "date": "2025-07-11", "close": 42.13258, "volume": 12454, "typical_volume": 19591.4, "trend": 38.616479, "fair_value": 29.036255, "relative_strength": 6.632866, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.351293, "energy": 31.975544, "activity_lines": [ 41.787256, 41.814071, 41.332257, 40.280565 ] }, { "date": "2025-07-18", "close": 42.004112, "volume": 9439, "typical_volume": 19406.65, "trend": 38.904248, "fair_value": 29.161561, "relative_strength": 4.921181, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.366394, "energy": 28.340979, "activity_lines": [ 41.79034, 41.861254, 41.480277, 40.499122 ] }, { "date": "2025-07-25", "close": 41.870502, "volume": 14108, "typical_volume": 19314.2, "trend": 39.192361, "fair_value": 29.282914, "relative_strength": 3.648442, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.429602, "energy": 29.446701, "activity_lines": [ 41.828366, 41.88265, 41.587285, 40.690493 ] }, { "date": "2025-08-01", "close": 42.117165, "volume": 16444, "typical_volume": 19338.55, "trend": 39.478418, "fair_value": 29.403214, "relative_strength": 5.868158, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.635865, "energy": 35.582593, "activity_lines": [ 41.976705, 41.918434, 41.694, 40.87919 ] }, { "date": "2025-08-08", "close": 42.569374, "volume": 4866, "typical_volume": 19231.6, "trend": 39.75728, "fair_value": 29.526017, "relative_strength": 3.966077, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.724757, "energy": 40.25819, "activity_lines": [ 42.204523, 42.039429, 41.823178, 41.078606 ] }, { "date": "2025-08-15", "close": 41.829395, "volume": 10995, "typical_volume": 19469.95, "trend": 40.007708, "fair_value": 29.64737, "relative_strength": 1.470746, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.987796, "energy": 34.552517, "activity_lines": [ 42.101405, 42.005139, 41.860985, 41.212291 ] }, { "date": "2025-08-22", "close": 42.199383, "volume": 6422, "typical_volume": 18891.05, "trend": 40.240665, "fair_value": 29.77294, "relative_strength": 0.677806, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.16626, "energy": 35.072889, "activity_lines": [ 42.14183, 42.034757, 41.920472, 41.35369 ] }, { "date": "2025-08-29", "close": 43.196301, "volume": 6129, "typical_volume": 16867.15, "trend": 40.497602, "fair_value": 29.907272, "relative_strength": 2.028002, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.004451, "energy": 51.663223, "activity_lines": [ 42.501542, 42.263758, 42.057138, 41.544376 ] }, { "date": "2025-09-05", "close": 45.005138, "volume": 14499, "typical_volume": 17183.4, "trend": 40.786742, "fair_value": 30.053397, "relative_strength": 4.325676, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.015076, "energy": 77.548428, "activity_lines": [ 43.375814, 42.805195, 42.354672, 41.835185 ] }, { "date": "2025-09-12", "close": 45.632065, "volume": 72294, "typical_volume": 18156.4, "trend": 41.088558, "fair_value": 30.206308, "relative_strength": 4.7169, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.701682, "energy": 92.846509, "activity_lines": [ 44.266529, 43.388676, 42.697377, 42.147786 ] }, { "date": "2025-09-19", "close": 46.053444, "volume": 21114, "typical_volume": 18000.7, "trend": 41.382494, "fair_value": 30.364555, "relative_strength": 3.766705, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.826397, "energy": 95.121987, "activity_lines": [ 45.093525, 43.970102, 43.061421, 42.468101 ] }, { "date": "2025-09-26", "close": 47.13258, "volume": 83678, "typical_volume": 21328.4, "trend": 41.751456, "fair_value": 30.528138, "relative_strength": 5.989764, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.140801, "energy": 97.042017, "activity_lines": [ 45.99863, 44.676446, 43.502986, 42.839075 ] }, { "date": "2025-10-03", "close": 48.591984, "volume": 12551, "typical_volume": 21007.25, "trend": 42.142001, "fair_value": 30.696399, "relative_strength": 6.457723, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.384944, "energy": 98.245186, "activity_lines": [ 47.061323, 45.554891, 44.058729, 43.280399 ] }, { "date": "2025-10-10", "close": 50.205551, "volume": 21601, "typical_volume": 21192.15, "trend": 42.555841, "fair_value": 30.881196, "relative_strength": 11.85472, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 96.587829, "energy": 98.688064, "activity_lines": [ 48.302159, 46.604504, 44.728161, 43.800628 ] }, { "date": "2025-10-17", "close": 52.857143, "volume": 15762, "typical_volume": 21002.35, "trend": 43.04505, "fair_value": 31.084374, "relative_strength": 16.221742, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 97.919963, "energy": 99.111751, "activity_lines": [ 50.080165, 47.989162, 45.612392, 44.465228 ] }, { "date": "2025-10-24", "close": 51.212746, "volume": 70835, "typical_volume": 23259.7, "trend": 43.452724, "fair_value": 31.274113, "relative_strength": 11.329358, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.670084, "energy": 84.711876, "activity_lines": [ 50.828367, 48.887789, 46.285592, 44.992176 ] }, { "date": "2025-10-31", "close": 49.794449, "volume": 24812, "typical_volume": 23425.1, "trend": 43.83025, "fair_value": 31.456604, "relative_strength": 8.291714, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.347806, "energy": 68.37715, "activity_lines": [ 50.75985, 49.357937, 46.778153, 45.40132 ] }, { "date": "2025-11-07", "close": 49.917782, "volume": 29482, "typical_volume": 23653.75, "trend": 44.134122, "fair_value": 31.630531, "relative_strength": 9.431342, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.536845, "energy": 66.86441, "activity_lines": [ 50.554985, 49.712418, 47.251041, 45.794064 ] }, { "date": "2025-11-14", "close": 50.935253, "volume": 12162, "typical_volume": 23410.5, "trend": 44.433539, "fair_value": 31.811375, "relative_strength": 9.626299, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.095344, "energy": 64.162726, "activity_lines": [ 50.600892, 50.129684, 47.784516, 46.232846 ] }, { "date": "2025-11-21", "close": 50.61665, "volume": 12066, "typical_volume": 23585.65, "trend": 44.731244, "fair_value": 31.98965, "relative_strength": 9.098137, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.306177, "energy": 56.977633, "activity_lines": [ 50.49195, 50.381202, 48.240567, 46.631757 ] }, { "date": "2025-11-28", "close": 53.329906, "volume": 41645, "typical_volume": 25045.2, "trend": 45.150566, "fair_value": 32.181694, "relative_strength": 9.966646, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.200379, "energy": 66.521033, "activity_lines": [ 51.436793, 51.035411, 48.910684, 47.186509 ] }, { "date": "2025-12-05", "close": 52.343269, "volume": 44661, "typical_volume": 26806.3, "trend": 45.497945, "fair_value": 32.367809, "relative_strength": 7.687293, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.85996, "energy": 63.882262, "activity_lines": [ 51.911614, 51.377932, 49.433515, 47.650555 ] }, { "date": "2025-12-12", "close": 53.48407, "volume": 65094, "typical_volume": 29355.6, "trend": 45.940905, "fair_value": 32.56183, "relative_strength": 8.794397, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.283202, "energy": 66.664916, "activity_lines": [ 52.59678, 51.833131, 50.015759, 48.165789 ] }, { "date": "2025-12-19", "close": 53.926003, "volume": 26271, "typical_volume": 29846.95, "trend": 46.329051, "fair_value": 32.757959, "relative_strength": 8.447548, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.442067, "energy": 74.204856, "activity_lines": [ 53.191504, 52.279735, 50.58479, 48.680956 ] }, { "date": "2025-12-26", "close": 55.662899, "volume": 6324, "typical_volume": 29919.85, "trend": 46.803529, "fair_value": 32.963245, "relative_strength": 10.544629, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.624549, "energy": 79.176788, "activity_lines": [ 54.165811, 52.974494, 51.263006, 49.28314 ] }, { "date": "2026-01-02", "close": 53.771839, "volume": 19654, "typical_volume": 30352.8, "trend": 47.207777, "fair_value": 33.155487, "relative_strength": 6.723678, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.007602, "energy": 62.432613, "activity_lines": [ 54.173347, 53.274409, 51.698772, 49.732708 ] }, { "date": "2026-01-09", "close": 55.991779, "volume": 14985, "typical_volume": 30780.95, "trend": 47.634293, "fair_value": 33.355568, "relative_strength": 8.201627, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.12599, "energy": 67.653974, "activity_lines": [ 54.891402, 53.931421, 52.289092, 50.299418 ] }, { "date": "2026-01-16", "close": 56.896198, "volume": 26368, "typical_volume": 31792.9, "trend": 48.121104, "fair_value": 33.559998, "relative_strength": 8.063701, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.929679, "energy": 78.743857, "activity_lines": [ 55.667695, 54.640195, 52.899868, 50.89696 ] }, { "date": "2026-01-23", "close": 61.973278, "volume": 125323, "typical_volume": 37334.1, "trend": 48.818603, "fair_value": 33.797105, "relative_strength": 16.650002, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.715672, "energy": 95.368878, "activity_lines": [ 57.908873, 56.145193, 53.928939, 51.790649 ] }, { "date": "2026-01-30", "close": 60.113052, "volume": 128923, "typical_volume": 40165.55, "trend": 49.44553, "fair_value": 34.027427, "relative_strength": 16.787032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.450612, "energy": 83.892267, "activity_lines": [ 58.993491, 57.111277, 54.700044, 52.519323 ] }, { "date": "2026-02-06", "close": 61.42857, "volume": 61592, "typical_volume": 42189.45, "trend": 50.088729, "fair_value": 34.266576, "relative_strength": 16.68499, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.180356, "energy": 79.435599, "activity_lines": [ 60.219938, 58.143885, 55.52748, 53.292422 ] }, { "date": "2026-02-13", "close": 62.53854, "volume": 73364, "typical_volume": 41673.75, "trend": 50.77321, "fair_value": 34.514356, "relative_strength": 16.001866, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.950846, "energy": 74.419966, "activity_lines": [ 61.305926, 59.231056, 56.387413, 54.095636 ] }, { "date": "2026-02-20", "close": 63.247688, "volume": 22866, "typical_volume": 42189.5, "trend": 51.485783, "fair_value": 34.769251, "relative_strength": 14.21201, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.734955, "energy": 69.416105, "activity_lines": [ 62.191846, 60.261796, 57.241521, 54.900441 ] }, { "date": "2026-02-27", "close": 65.292908, "volume": 96814, "typical_volume": 45950.15, "trend": 52.258308, "fair_value": 35.035345, "relative_strength": 15.458833, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.361035, "energy": 75.020798, "activity_lines": [ 63.336074, 61.486873, 58.220623, 55.791223 ] }, { "date": "2026-03-06", "close": 63.926003, "volume": 50888, "typical_volume": 47706.45, "trend": 52.970196, "fair_value": 35.293205, "relative_strength": 16.730608, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.063751, "energy": 66.099083, "activity_lines": [ 63.803357, 62.25675, 58.9977, 56.543978 ] }, { "date": "2026-03-13", "close": 62.219936, "volume": 52640, "typical_volume": 46796.7, "trend": 53.64988, "fair_value": 35.532618, "relative_strength": 15.00867, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.600092, "energy": 60.149032, "activity_lines": [ 63.447755, 62.566196, 59.559585, 57.140735 ] }, { "date": "2026-03-20", "close": 55.775951, "volume": 116663, "typical_volume": 51389.25, "trend": 54.102432, "fair_value": 35.726111, "relative_strength": 6.817386, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.453665, "energy": 32.060904, "activity_lines": [ 60.891401, 61.550406, 59.455342, 57.277901 ] }, { "date": "2026-03-27", "close": 55.930115, "volume": 74046, "typical_volume": 53617.45, "trend": 54.526893, "fair_value": 35.920989, "relative_strength": 4.744662, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.538313, "energy": 20.866288, "activity_lines": [ 58.837273, 60.56657, 59.337298, 57.395816 ] }, { "date": "2026-04-03", "close": 57.903393, "volume": 56921, "typical_volume": 55855.4, "trend": 54.956835, "fair_value": 36.124364, "relative_strength": 4.57302, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.251816, "energy": 25.746351, "activity_lines": [ 57.928744, 59.959077, 59.378554, 57.613655 ] }, { "date": "2026-04-10", "close": 58.941418, "volume": 164632, "typical_volume": 63483.7, "trend": 55.40048, "fair_value": 36.335514, "relative_strength": 4.568025, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.295411, "energy": 24.644858, "activity_lines": [ 57.858856, 59.614314, 59.485489, 57.870725 ] }, { "date": "2026-04-17", "close": 60.061665, "volume": 41158, "typical_volume": 63459.35, "trend": 55.867421, "fair_value": 36.556085, "relative_strength": 4.519801, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.468189, "energy": 15.615777, "activity_lines": [ 58.49469, 59.494535, 59.659473, 58.171446 ] }, { "date": "2026-04-24", "close": 58.345325, "volume": 85819, "typical_volume": 65517.25, "trend": 56.241179, "fair_value": 36.765126, "relative_strength": 2.817164, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.844219, "energy": 9.492011, "activity_lines": [ 58.702296, 59.087546, 59.637939, 58.331311 ] }, { "date": "2026-05-01", "close": 57.810894, "volume": 64316, "typical_volume": 65478.35, "trend": 56.548476, "fair_value": 36.965603, "relative_strength": 1.823121, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.091373, "energy": 7.397838, "activity_lines": [ 58.560466, 58.659629, 59.536926, 58.432583 ] }, { "date": "2026-05-08", "close": 58.263103, "volume": 39407, "typical_volume": 66135.15, "trend": 56.817061, "fair_value": 37.171944, "relative_strength": 1.991548, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.130899, "energy": 10.52485, "activity_lines": [ 58.443988, 58.412782, 59.458376, 58.543204 ] }, { "date": "2026-05-15", "close": 56.176773, "volume": 32984, "typical_volume": 67468.15, "trend": 56.927715, "fair_value": 37.368139, "relative_strength": -1.078221, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.635752, "energy": 17.833974, "activity_lines": [ 57.608085, 57.914417, 59.160476, 58.501895 ] }, { "date": "2026-05-22", "close": 55.673176, "volume": 23449, "typical_volume": 67657.9, "trend": 57.076396, "fair_value": 37.56407, "relative_strength": -3.758826, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.34903, "energy": 38.585679, "activity_lines": [ 56.788626, 57.465384, 58.812167, 58.420957 ] }, { "date": "2026-05-29", "close": 56.269272, "volume": 53321, "typical_volume": 69574.7, "trend": 57.292224, "fair_value": 37.76066, "relative_strength": -3.600586, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.950024, "energy": 37.371731, "activity_lines": [ 56.460432, 57.243764, 58.511575, 58.368885 ] }, { "date": "2026-06-05", "close": 53.340183, "volume": 31428, "typical_volume": 69827.7, "trend": 57.406304, "fair_value": 37.940055, "relative_strength": -7.647169, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.098071, "energy": 59.63795, "activity_lines": [ 55.294279, 56.480613, 57.9307, 58.113914 ] }, { "date": "2026-06-12", "close": 51.901337, "volume": 59158, "typical_volume": 66519.45, "trend": 57.438506, "fair_value": 38.110358, "relative_strength": -11.340611, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.478496, "energy": 66.205273, "activity_lines": [ 53.946557, 55.502943, 57.229727, 57.758755 ] }, { "date": "2026-06-19", "close": 51.531345, "volume": 11093, "typical_volume": 60627.95, "trend": 57.468996, "fair_value": 38.281452, "relative_strength": -11.92692, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -78.286912, "energy": 81.866172, "activity_lines": [ 52.899623, 54.567131, 56.541477, 57.377648 ] }, { "date": "2026-06-26", "close": 50.092499, "volume": 19070, "typical_volume": 58501.85, "trend": 57.361083, "fair_value": 38.443388, "relative_strength": -14.309046, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.237977, "energy": 87.585596, "activity_lines": [ 51.682768, 53.504438, 55.75706, 56.901745 ] }, { "date": "2026-07-03", "close": 51.356628, "volume": 20530, "typical_volume": 55860.15, "trend": 57.328195, "fair_value": 38.61435, "relative_strength": -12.742606, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.734657, "energy": 83.241477, "activity_lines": [ 51.259335, 52.852845, 55.147017, 56.514361 ] }, { "date": "2026-07-10", "close": 50.380268, "volume": 31914, "typical_volume": 56312.55, "trend": 57.224735, "fair_value": 38.775364, "relative_strength": -14.41187, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.831418, "energy": 83.334692, "activity_lines": [ 50.837958, 52.150799, 54.497235, 56.066108 ] }, { "date": "2026-07-17", "close": 49.301132, "volume": 14401, "typical_volume": 52191.9, "trend": 57.070572, "fair_value": 38.928802, "relative_strength": -16.011425, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.39032, "energy": 81.630792, "activity_lines": [ 50.254197, 51.387649, 53.805951, 55.554907 ] }, { "date": "2026-07-24", "close": 49.804729, "volume": 23062, "typical_volume": 50800.6, "trend": 56.8753, "fair_value": 39.085797, "relative_strength": -15.293599, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.635162, "energy": 67.453656, "activity_lines": [ 50.011649, 50.879006, 53.238781, 55.086143 ] }, { "date": "2026-07-31", "close": 49.753342, "volume": 27050, "typical_volume": 49521.1, "trend": 56.74135, "fair_value": 39.244044, "relative_strength": -14.893433, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.597254, "energy": 60.609967, "activity_lines": [ 49.867079, 50.476876, 52.73396, 54.626662 ] }, { "date": "2026-08-07", "close": 51.900002, "volume": 16430, "typical_volume": 44509.45, "trend": 56.604957, "fair_value": 39.418358, "relative_strength": -13.933424, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.960649, "energy": 52.484013, "activity_lines": [ 50.460673, 50.572682, 52.492948, 54.314317 ] } ], "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." } } }