{ "ticker": { "uuid": "2452ed1e-0015-4886-ad75-486529cd9935", "symbol": "VEMY", "name": "VIRTUS ETF TRUST II STONE HARBOR EMERGING MARKETS HIGH YIELD", "exchange": "NYSEARCA", "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": 79.88, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 44.771, "architecture_energy": 24.557, "architecture_maturity": 46.032, "architecture_confidence": 76.048, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 37.26, "rotation_up": 32.86, "upward_expansion": 60.39, "deceleration": 84.75, "rotation_down": 27.14, "downward_expansion": 19.39 }, "activity_lines": [ 28.616531, 28.656985, 28.591836, 28.431116 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 28.72, "trend_reference": 28.235411, "distance_from_trend": 0.017162, "trend_direction": "Improving", "fair_value": 24.139782, "distance_from_fair_value": 0.189737, "fair_value_direction": "Weakening", "relative_strength": -6.916645, "relative_strength_direction": "Weakening", "price_momentum": 0.025387, "excess_performance": -0.100238, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.017162, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.020156, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.189737, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.032584, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.069166, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.024843, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.025387, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.962986, "read": "Supply-led" } ], "volume": { "latest": 151271, "relative_activity": 1.330161, "balance": 0.962986, "dry_up": 1.3692, "accumulation_observations": 3, "distribution_observations": 5 }, "risk": { "range_context": 0.009774, "annualized_volatility": 0.061728, "from_high_reference": -0.005664, "from_low_reference": 0.118189 }, "levels": { "trend_reference": 28.235411, "fair_value_reference": 24.139782, "structural_low": 27.081084, "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": 3, "median_return": 0.034444, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.08186, "regime_survival": 0.0, "best_return": 0.044068, "worst_return": 0.022141, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.055114, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.09748, "regime_survival": 0.0, "best_return": 0.07243, "worst_return": -0.030864, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.045065, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.035657, "regime_survival": 0.0, "best_return": 0.045065, "worst_return": 0.045065, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.161122, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.04854, "regime_survival": 0.0, "best_return": 0.161122, "worst_return": 0.161122, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-21", "end": "2025-01-03", "tenure": "Extended", "return": 0.077915, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-01-17", "tenure": "New", "return": 0.008069, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-24", "end": "2025-04-11", "tenure": "Developing", "return": -0.044186, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-05-09", "tenure": "New", "return": 0.019478, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-06-13", "tenure": "Developing", "return": 0.006922, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-20", "end": "2026-03-20", "tenure": "Extended", "return": 0.112596, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.054805, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-31", "tenure": "Established", "return": 0.00513, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 19.118335, "volume": 76548, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 19.278972, "volume": 2470, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 19.371927, "volume": 1218, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 19.402495, "volume": 1466, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 19.43533, "volume": 2281, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 19.407296, "volume": 1377, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 19.198022, "volume": 1116, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 18.961023, "volume": 1584, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 18.922902, "volume": 670, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 18.773251, "volume": 416, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 18.96662, "volume": 1104, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 19.614674, "volume": 1333, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 19.408366, "volume": 386, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 19.744459, "volume": 1758, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 19.916675, "volume": 305, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 20.333456, "volume": 2089, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 20.204165, "volume": 1466, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 20.632206, "volume": 602, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 20.756628, "volume": 872, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 20.799173, "volume": 899, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 20.567272, "volume": 728, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 20.881523, "volume": 1651, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 20.796997, "volume": 1508, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 20.954941, "volume": 2530, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 20.917055, "volume": 1158, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 21.056349, "volume": 2167, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-16", "close": 21.076631, "volume": 130107, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 21.323906, "volume": 67376, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 21.390507, "volume": 124411, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 21.476101, "volume": 16167, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 21.402735, "volume": 4346, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 21.811157, "volume": 6950, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 21.795759, "volume": 6231, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 21.938027, "volume": 11518, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 21.701324, "volume": 2931, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 21.590671, "volume": 3026, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 21.684365, "volume": 6488, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 21.917355, "volume": 2023, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 21.930381, "volume": 775, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 22.084966, "volume": 5820, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 22.010373, "volume": 6866, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 22.144, "volume": 1429, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 21.939122, "volume": 2106, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 22.039736, "volume": 3847, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 22.086902, "volume": 1923, "typical_volume": 20325.35, "trend": 21.374793, "fair_value": 19.82472, "relative_strength": -6.615636, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.728923, "energy": 55.326374, "activity_lines": [ 22.04728, 22.01214, 21.880887, 21.682508 ] }, { "date": "2024-06-28", "close": 21.989848, "volume": 2299, "typical_volume": 20331.95, "trend": 21.430006, "fair_value": 19.85145, "relative_strength": -6.840631, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.044876, "energy": 45.21852, "activity_lines": [ 22.02922, 22.020696, 21.906585, 21.722189 ] }, { "date": "2024-07-05", "close": 22.218617, "volume": 2559, "typical_volume": 13954.55, "trend": 21.497154, "fair_value": 19.880318, "relative_strength": -7.498017, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.554499, "energy": 53.303442, "activity_lines": [ 22.088785, 22.063589, 21.949626, 21.773067 ] }, { "date": "2024-07-12", "close": 22.423082, "volume": 2267, "typical_volume": 10699.1, "trend": 21.55685, "fair_value": 19.910954, "relative_strength": -7.386752, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.655957, "energy": 71.504305, "activity_lines": [ 22.211531, 22.133944, 22.006701, 21.832804 ] }, { "date": "2024-07-19", "close": 22.325777, "volume": 9259, "typical_volume": 4941.5, "trend": 21.609155, "fair_value": 19.939702, "relative_strength": -5.823655, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.249762, "energy": 73.666923, "activity_lines": [ 22.269577, 22.177412, 22.049275, 21.882412 ] }, { "date": "2024-07-26", "close": 22.529481, "volume": 3135, "typical_volume": 4289.9, "trend": 21.666832, "fair_value": 19.97017, "relative_strength": -4.078046, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.561497, "energy": 90.098152, "activity_lines": [ 22.376456, 22.250728, 22.106795, 21.941788 ] }, { "date": "2024-08-02", "close": 22.606572, "volume": 23657, "typical_volume": 5255.45, "trend": 21.734809, "fair_value": 20.000826, "relative_strength": -1.587782, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.65805, "energy": 92.268803, "activity_lines": [ 22.479526, 22.329979, 22.166642, 22.002416 ] }, { "date": "2024-08-09", "close": 22.623722, "volume": 11368, "typical_volume": 5476.35, "trend": 21.792882, "fair_value": 20.030974, "relative_strength": -1.445724, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.575019, "energy": 87.363578, "activity_lines": [ 22.547198, 22.401508, 22.222389, 22.059766 ] }, { "date": "2024-08-16", "close": 22.862563, "volume": 1214, "typical_volume": 5225.5, "trend": 21.861734, "fair_value": 20.063151, "relative_strength": -4.10017, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.833969, "energy": 93.247855, "activity_lines": [ 22.667477, 22.50774, 22.297014, 22.128777 ] }, { "date": "2024-08-23", "close": 23.058696, "volume": 12184, "typical_volume": 5258.8, "trend": 21.931859, "fair_value": 20.096809, "relative_strength": -4.477152, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.222075, "energy": 94.81915, "activity_lines": [ 22.823835, 22.632843, 22.385238, 22.206001 ] }, { "date": "2024-08-30", "close": 23.068175, "volume": 4985, "typical_volume": 5361.5, "trend": 22.003563, "fair_value": 20.129824, "relative_strength": -4.588937, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.575558, "energy": 92.569861, "activity_lines": [ 22.934491, 22.741143, 22.469028, 22.279311 ] }, { "date": "2024-09-06", "close": 23.00114, "volume": 5935, "typical_volume": 5506.95, "trend": 22.06839, "fair_value": 20.161377, "relative_strength": -0.689483, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.383734, "energy": 88.206437, "activity_lines": [ 22.986889, 22.819413, 22.539925, 22.343671 ] }, { "date": "2024-09-13", "close": 23.186249, "volume": 2702, "typical_volume": 5317.65, "trend": 22.13871, "fair_value": 20.194256, "relative_strength": -3.61535, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.046714, "energy": 89.604689, "activity_lines": [ 23.074686, 22.912952, 22.621735, 22.415791 ] }, { "date": "2024-09-20", "close": 23.377792, "volume": 2769, "typical_volume": 5354.95, "trend": 22.207173, "fair_value": 20.228488, "relative_strength": -3.984463, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.003529, "energy": 85.634421, "activity_lines": [ 23.188828, 23.023724, 22.714635, 22.495732 ] }, { "date": "2024-09-27", "close": 23.52273, "volume": 14833, "typical_volume": 6057.85, "trend": 22.278247, "fair_value": 20.263533, "relative_strength": -3.745322, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.417889, "energy": 74.93956, "activity_lines": [ 23.316935, 23.14349, 22.814385, 22.580607 ] }, { "date": "2024-10-04", "close": 23.590937, "volume": 25584, "typical_volume": 7046.05, "trend": 22.348742, "fair_value": 20.298558, "relative_strength": -3.565851, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.806137, "energy": 82.911333, "activity_lines": [ 23.436841, 23.253895, 22.913048, 22.665296 ] }, { "date": "2024-10-11", "close": 23.551974, "volume": 21719, "typical_volume": 7788.7, "trend": 22.420383, "fair_value": 20.332448, "relative_strength": -4.657747, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.291902, "energy": 79.19999, "activity_lines": [ 23.508909, 23.337916, 23.000829, 22.742924 ] }, { "date": "2024-10-18", "close": 23.667669, "volume": 1934, "typical_volume": 7813.95, "trend": 22.482267, "fair_value": 20.366832, "relative_strength": -4.80905, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.516222, "energy": 77.507608, "activity_lines": [ 23.58282, 23.425784, 23.092287, 22.823394 ] }, { "date": "2024-10-25", "close": 23.475406, "volume": 1787, "typical_volume": 7798.0, "trend": 22.538255, "fair_value": 20.398552, "relative_strength": -4.406438, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.625253, "energy": 66.73272, "activity_lines": [ 23.560549, 23.459713, 23.158179, 22.887468 ] }, { "date": "2024-11-01", "close": 23.423962, "volume": 1767, "typical_volume": 7694.0, "trend": 22.587786, "fair_value": 20.429111, "relative_strength": -3.07239, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.975884, "energy": 63.337392, "activity_lines": [ 23.514622, 23.473147, 23.211856, 22.94461 ] }, { "date": "2024-11-08", "close": 23.737596, "volume": 31268, "typical_volume": 9161.25, "trend": 22.655662, "fair_value": 20.462196, "relative_strength": -6.020751, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.610971, "energy": 66.891641, "activity_lines": [ 23.579824, 23.536964, 23.288811, 23.018791 ] }, { "date": "2024-11-15", "close": 23.574006, "volume": 4078, "typical_volume": 9250.2, "trend": 22.721773, "fair_value": 20.493006, "relative_strength": -4.505874, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.433118, "energy": 56.668863, "activity_lines": [ 23.580719, 23.558866, 23.342326, 23.078039 ] }, { "date": "2024-11-22", "close": 23.685931, "volume": 11577, "typical_volume": 9701.1, "trend": 22.788492, "fair_value": 20.524309, "relative_strength": -5.428089, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.045632, "energy": 60.373941, "activity_lines": [ 23.617453, 23.590702, 23.398957, 23.140243 ] }, { "date": "2024-11-29", "close": 23.869924, "volume": 8453, "typical_volume": 10010.4, "trend": 22.853578, "fair_value": 20.556791, "relative_strength": -5.579215, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.72712, "energy": 66.371414, "activity_lines": [ 23.714301, 23.646906, 23.466124, 23.210013 ] }, { "date": "2024-12-06", "close": 24.010529, "volume": 16167, "typical_volume": 10355.8, "trend": 22.922916, "fair_value": 20.59, "relative_strength": -5.628902, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.465187, "energy": 71.644251, "activity_lines": [ 23.831716, 23.719727, 23.539792, 23.284655 ] }, { "date": "2024-12-13", "close": 23.890713, "volume": 23712, "typical_volume": 11384.65, "trend": 22.983107, "fair_value": 20.621436, "relative_strength": -5.330003, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.653676, "energy": 72.143086, "activity_lines": [ 23.870088, 23.761894, 23.594026, 23.347093 ] }, { "date": "2024-12-20", "close": 23.696343, "volume": 4982, "typical_volume": 10450.9, "trend": 23.039306, "fair_value": 20.650444, "relative_strength": -4.15469, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.634276, "energy": 58.08969, "activity_lines": [ 23.833462, 23.763271, 23.623267, 23.393109 ] }, { "date": "2024-12-27", "close": 23.651759, "volume": 4119, "typical_volume": 10088.45, "trend": 23.089565, "fair_value": 20.678494, "relative_strength": -4.755491, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.858009, "energy": 50.140588, "activity_lines": [ 23.773819, 23.753917, 23.643072, 23.432622 ] }, { "date": "2025-01-03", "close": 23.807803, "volume": 10523, "typical_volume": 10553.9, "trend": 23.151854, "fair_value": 20.707469, "relative_strength": -3.440243, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.620013, "energy": 38.827402, "activity_lines": [ 23.768469, 23.773223, 23.672844, 23.47896 ] }, { "date": "2025-01-10", "close": 23.758761, "volume": 9206, "typical_volume": 10405.0, "trend": 23.209155, "fair_value": 20.735462, "relative_strength": -1.580537, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.543961, "energy": 30.563911, "activity_lines": [ 23.750913, 23.77757, 23.693443, 23.518115 ] }, { "date": "2025-01-17", "close": 23.950471, "volume": 14205, "typical_volume": 10866.0, "trend": 23.271274, "fair_value": 20.76469, "relative_strength": -3.46385, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.615737, "energy": 42.289535, "activity_lines": [ 23.814045, 23.810685, 23.728967, 23.565942 ] }, { "date": "2025-01-24", "close": 24.089914, "volume": 24133, "typical_volume": 11775.9, "trend": 23.341276, "fair_value": 20.794647, "relative_strength": -4.387573, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.34412, "energy": 52.934428, "activity_lines": [ 23.919673, 23.865283, 23.77357, 23.618757 ] }, { "date": "2025-01-31", "close": 24.121413, "volume": 15045, "typical_volume": 12393.05, "trend": 23.404703, "fair_value": 20.82435, "relative_strength": -3.159566, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.394345, "energy": 62.74678, "activity_lines": [ 24.009564, 23.916228, 23.815988, 23.669089 ] }, { "date": "2025-02-07", "close": 24.284815, "volume": 8256, "typical_volume": 12667.4, "trend": 23.466761, "fair_value": 20.854974, "relative_strength": -2.236512, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.619334, "energy": 83.737148, "activity_lines": [ 24.122611, 23.988965, 23.869515, 23.72587 ] }, { "date": "2025-02-14", "close": 24.429783, "volume": 2867, "typical_volume": 12069.1, "trend": 23.536894, "fair_value": 20.886332, "relative_strength": -2.97301, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.935412, "energy": 90.196065, "activity_lines": [ 24.252181, 24.080516, 23.932529, 23.788 ] }, { "date": "2025-02-21", "close": 24.383009, "volume": 4737, "typical_volume": 11026.75, "trend": 23.598679, "fair_value": 20.916737, "relative_strength": -1.496904, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.222658, "energy": 88.081535, "activity_lines": [ 24.321424, 24.15594, 23.98677, 23.842588 ] }, { "date": "2025-02-28", "close": 24.542399, "volume": 14699, "typical_volume": 10675.75, "trend": 23.663206, "fair_value": 20.947993, "relative_strength": 0.151971, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.762837, "energy": 91.029661, "activity_lines": [ 24.414962, 24.251393, 24.052418, 23.903474 ] }, { "date": "2025-03-07", "close": 24.381027, "volume": 13771, "typical_volume": 11267.6, "trend": 23.721783, "fair_value": 20.977335, "relative_strength": 2.656215, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.61303, "energy": 73.076475, "activity_lines": [ 24.424543, 24.302123, 24.097982, 23.949785 ] }, { "date": "2025-03-14", "close": 24.336272, "volume": 16281, "typical_volume": 11992.3, "trend": 23.770907, "fair_value": 21.005801, "relative_strength": 4.812847, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.644065, "energy": 56.977293, "activity_lines": [ 24.401898, 24.331456, 24.135886, 23.989429 ] }, { "date": "2025-03-21", "close": 24.30875, "volume": 10879, "typical_volume": 12447.9, "trend": 23.812575, "fair_value": 21.033557, "relative_strength": 4.128939, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.518809, "energy": 50.870493, "activity_lines": [ 24.366648, 24.346177, 24.167069, 24.024129 ] }, { "date": "2025-03-28", "close": 24.229524, "volume": 10606, "typical_volume": 11414.8, "trend": 23.851287, "fair_value": 21.06019, "relative_strength": 5.274806, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.042676, "energy": 34.814492, "activity_lines": [ 24.313059, 24.336493, 24.186495, 24.051029 ] }, { "date": "2025-04-04", "close": 23.448765, "volume": 20222, "typical_volume": 12222.0, "trend": 23.866208, "fair_value": 21.07993, "relative_strength": 11.856321, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 0.292833, "energy": 11.254518, "activity_lines": [ 24.009449, 24.179779, 24.129219, 24.025059 ] }, { "date": "2025-04-11", "close": 23.025473, "volume": 13739, "typical_volume": 12330.1, "trend": 23.860848, "fair_value": 21.095877, "relative_strength": 3.936456, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -41.325132, "energy": 38.642376, "activity_lines": [ 23.637651, 23.957761, 24.032226, 23.970819 ] }, { "date": "2025-04-18", "close": 23.446954, "volume": 6759, "typical_volume": 12245.4, "trend": 23.863154, "fair_value": 21.114992, "relative_strength": 7.333859, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.910822, "energy": 36.712964, "activity_lines": [ 23.496717, 23.832301, 23.97852, 23.944116 ] }, { "date": "2025-04-25", "close": 23.940108, "volume": 10502, "typical_volume": 11962.15, "trend": 23.877066, "fair_value": 21.137775, "relative_strength": 4.755823, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.619388, "energy": 31.734275, "activity_lines": [ 23.579455, 23.81174, 23.973795, 23.94908 ] }, { "date": "2025-05-02", "close": 23.730467, "volume": 20852, "typical_volume": 11819.15, "trend": 23.881717, "fair_value": 21.158516, "relative_strength": 0.957138, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.170352, "energy": 33.943471, "activity_lines": [ 23.616889, 23.761965, 23.949439, 23.939622 ] }, { "date": "2025-05-09", "close": 23.903649, "volume": 12650, "typical_volume": 12202.55, "trend": 23.89344, "fair_value": 21.180303, "relative_strength": 2.143418, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.516167, "energy": 10.315048, "activity_lines": [ 23.745321, 23.755542, 23.94234, 23.941037 ] }, { "date": "2025-05-16", "close": 24.25457, "volume": 11881, "typical_volume": 12590.65, "trend": 23.913003, "fair_value": 21.20451, "relative_strength": -1.50033, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.311788, "energy": 15.7384, "activity_lines": [ 23.960401, 23.824537, 23.967674, 23.964336 ] }, { "date": "2025-05-23", "close": 24.11388, "volume": 16899, "typical_volume": 12909.45, "trend": 23.934286, "fair_value": 21.227239, "relative_strength": 0.501562, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.165551, "energy": 12.632891, "activity_lines": [ 24.046645, 23.870251, 23.976739, 23.977296 ] }, { "date": "2025-05-30", "close": 24.243583, "volume": 8301, "typical_volume": 12864.2, "trend": 23.961606, "fair_value": 21.250622, "relative_strength": -0.656162, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 15.214583, "energy": 18.726428, "activity_lines": [ 24.131661, 23.943591, 23.9967, 23.997251 ] }, { "date": "2025-06-06", "close": 24.407317, "volume": 8033, "typical_volume": 12555.6, "trend": 23.98393, "fair_value": 21.274904, "relative_strength": -1.573117, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.182648, "energy": 38.561624, "activity_lines": [ 24.251023, 24.047885, 24.029945, 24.026006 ] }, { "date": "2025-06-13", "close": 24.422452, "volume": 11038, "typical_volume": 11900.85, "trend": 24.012212, "fair_value": 21.298931, "relative_strength": -1.149302, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.94631, "energy": 45.847935, "activity_lines": [ 24.330307, 24.151699, 24.062456, 24.054298 ] }, { "date": "2025-06-20", "close": 24.509611, "volume": 3582, "typical_volume": 11327.7, "trend": 24.039668, "fair_value": 21.323255, "relative_strength": -0.645017, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.70025, "energy": 49.534872, "activity_lines": [ 24.404057, 24.253656, 24.101685, 24.086388 ] }, { "date": "2025-06-27", "close": 24.793441, "volume": 18829, "typical_volume": 11856.35, "trend": 24.070452, "fair_value": 21.349346, "relative_strength": -2.839919, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.353736, "energy": 58.969863, "activity_lines": [ 24.555415, 24.380235, 24.166096, 24.135019 ] }, { "date": "2025-07-04", "close": 24.949482, "volume": 17074, "typical_volume": 12566.7, "trend": 24.10175, "fair_value": 21.376213, "relative_strength": -3.829751, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.153539, "energy": 79.81623, "activity_lines": [ 24.713482, 24.510703, 24.242947, 24.19173 ] }, { "date": "2025-07-11", "close": 24.82945, "volume": 15783, "typical_volume": 13119.0, "trend": 24.133042, "fair_value": 21.401792, "relative_strength": -3.996219, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.78837, "energy": 81.076558, "activity_lines": [ 24.784478, 24.600995, 24.305891, 24.238679 ] }, { "date": "2025-07-18", "close": 25.145227, "volume": 15098, "typical_volume": 13138.95, "trend": 24.181338, "fair_value": 21.429318, "relative_strength": -3.339201, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.646552, "energy": 89.927072, "activity_lines": [ 24.932592, 24.728719, 24.396783, 24.303981 ] }, { "date": "2025-07-25", "close": 25.361116, "volume": 18181, "typical_volume": 13359.45, "trend": 24.238316, "fair_value": 21.458017, "relative_strength": -3.872958, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.761115, "energy": 94.830868, "activity_lines": [ 25.104483, 24.873122, 24.505366, 24.380096 ] }, { "date": "2025-08-01", "close": 25.470727, "volume": 9702, "typical_volume": 13030.5, "trend": 24.293747, "fair_value": 21.487095, "relative_strength": -0.978164, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.056981, "energy": 94.516012, "activity_lines": [ 25.256144, 25.017334, 24.61972, 24.459606 ] }, { "date": "2025-08-08", "close": 25.693666, "volume": 13528, "typical_volume": 13162.95, "trend": 24.358244, "fair_value": 21.517358, "relative_strength": -2.414855, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.66331, "energy": 95.878751, "activity_lines": [ 25.436966, 25.177412, 24.749905, 24.549923 ] }, { "date": "2025-08-15", "close": 25.814424, "volume": 8760, "typical_volume": 13070.65, "trend": 24.420376, "fair_value": 21.548051, "relative_strength": -2.836003, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.077205, "energy": 95.130182, "activity_lines": [ 25.608428, 25.33308, 24.884995, 24.64387 ] }, { "date": "2025-08-22", "close": 25.953084, "volume": 37359, "typical_volume": 13927.5, "trend": 24.482481, "fair_value": 21.579292, "relative_strength": -2.537624, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.175253, "energy": 94.707019, "activity_lines": [ 25.760446, 25.488375, 25.025745, 24.742755 ] }, { "date": "2025-08-29", "close": 25.887664, "volume": 10290, "typical_volume": 13755.05, "trend": 24.541356, "fair_value": 21.609633, "relative_strength": -2.685161, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.53435, "energy": 89.494003, "activity_lines": [ 25.836799, 25.603946, 25.148338, 24.833412 ] }, { "date": "2025-09-05", "close": 26.088597, "volume": 12268, "typical_volume": 14030.5, "trend": 24.601482, "fair_value": 21.640954, "relative_strength": -2.13444, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.16569, "energy": 87.68685, "activity_lines": [ 25.945027, 25.730995, 25.276438, 24.933234 ] }, { "date": "2025-09-12", "close": 26.147101, "volume": 12103, "typical_volume": 14110.55, "trend": 24.658726, "fair_value": 21.672247, "relative_strength": -3.342267, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.671904, "energy": 72.118184, "activity_lines": [ 26.031565, 25.845133, 25.397531, 25.032951 ] }, { "date": "2025-09-19", "close": 26.032523, "volume": 18632, "typical_volume": 13999.55, "trend": 24.71371, "fair_value": 21.702318, "relative_strength": -4.833013, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.986566, "energy": 67.458375, "activity_lines": [ 26.049681, 25.916663, 25.497202, 25.121583 ] }, { "date": "2025-09-26", "close": 26.09431, "volume": 10069, "typical_volume": 13870.5, "trend": 24.76544, "fair_value": 21.7324, "relative_strength": -4.236426, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.862189, "energy": 67.924203, "activity_lines": [ 26.073854, 25.977554, 25.591796, 25.210654 ] }, { "date": "2025-10-03", "close": 26.122614, "volume": 6034, "typical_volume": 13578.15, "trend": 24.823493, "fair_value": 21.762265, "relative_strength": -5.074335, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.708348, "energy": 66.830013, "activity_lines": [ 26.098045, 26.026334, 25.678653, 25.298214 ] }, { "date": "2025-10-10", "close": 25.8029, "volume": 23869, "typical_volume": 13926.65, "trend": 24.872381, "fair_value": 21.789567, "relative_strength": -3.838854, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.599759, "energy": 56.988391, "activity_lines": [ 26.000002, 26.00314, 25.726166, 25.361401 ] }, { "date": "2025-10-17", "close": 26.089608, "volume": 5408, "typical_volume": 13782.0, "trend": 24.931743, "fair_value": 21.818426, "relative_strength": -4.357861, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.562109, "energy": 57.07097, "activity_lines": [ 26.016575, 26.026034, 25.792942, 25.439932 ] }, { "date": "2025-10-24", "close": 26.292089, "volume": 13172, "typical_volume": 14038.95, "trend": 25.000495, "fair_value": 21.848251, "relative_strength": -5.347764, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.30325, "energy": 63.44768, "activity_lines": [ 26.104474, 26.078544, 25.870211, 25.527696 ] }, { "date": "2025-10-31", "close": 26.681233, "volume": 7732, "typical_volume": 13873.65, "trend": 25.108244, "fair_value": 21.880257, "relative_strength": -4.516866, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.394895, "energy": 71.090016, "activity_lines": [ 26.304784, 26.193123, 25.975566, 25.636131 ] }, { "date": "2025-11-07", "close": 26.560441, "volume": 16041, "typical_volume": 14496.6, "trend": 25.226076, "fair_value": 21.911048, "relative_strength": -3.351901, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.23959, "energy": 72.522879, "activity_lines": [ 26.425701, 26.272501, 26.058661, 25.729821 ] }, { "date": "2025-11-14", "close": 26.674422, "volume": 7467, "typical_volume": 13928.5, "trend": 25.333659, "fair_value": 21.942181, "relative_strength": -3.028702, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.948664, "energy": 86.298112, "activity_lines": [ 26.555424, 26.36037, 26.142845, 25.823263 ] }, { "date": "2025-11-21", "close": 26.698562, "volume": 45643, "typical_volume": 15356.95, "trend": 25.425607, "fair_value": 21.973067, "relative_strength": -1.052993, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.697507, "energy": 85.843668, "activity_lines": [ 26.635092, 26.441977, 26.220372, 25.911321 ] }, { "date": "2025-11-28", "close": 26.832482, "volume": 19733, "typical_volume": 15554.45, "trend": 25.529007, "fair_value": 22.004418, "relative_strength": -4.063981, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.063406, "energy": 77.694514, "activity_lines": [ 26.718803, 26.537906, 26.302324, 26.002087 ] }, { "date": "2025-12-05", "close": 26.989531, "volume": 29854, "typical_volume": 16292.25, "trend": 25.63187, "fair_value": 22.036374, "relative_strength": -3.798103, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.777593, "energy": 71.356374, "activity_lines": [ 26.818837, 26.647846, 26.389694, 26.096315 ] }, { "date": "2025-12-12", "close": 27.094325, "volume": 21654, "typical_volume": 16465.9, "trend": 25.726529, "fair_value": 22.09338, "relative_strength": -2.855198, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.379561, "energy": 71.349013, "activity_lines": [ 26.933249, 26.760561, 26.478263, 26.190666 ] }, { "date": "2025-12-19", "close": 27.155146, "volume": 22168, "typical_volume": 17089.2, "trend": 25.827904, "fair_value": 22.150519, "relative_strength": -2.724705, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.638056, "energy": 70.561533, "activity_lines": [ 27.032343, 26.866668, 26.564371, 26.282835 ] }, { "date": "2025-12-26", "close": 27.235459, "volume": 15490, "typical_volume": 17187.3, "trend": 25.927633, "fair_value": 22.208642, "relative_strength": -3.776394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.717128, "energy": 72.654938, "activity_lines": [ 27.12616, 26.962791, 26.650106, 26.373645 ] }, { "date": "2026-01-02", "close": 27.211059, "volume": 11600, "typical_volume": 17329.3, "trend": 26.021092, "fair_value": 22.263301, "relative_strength": -2.81866, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.48359, "energy": 67.64888, "activity_lines": [ 27.17605, 27.033643, 26.726176, 26.456447 ] }, { "date": "2026-01-09", "close": 27.586821, "volume": 30858, "typical_volume": 17004.25, "trend": 26.12657, "fair_value": 22.317769, "relative_strength": -2.94826, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.11826, "energy": 74.541124, "activity_lines": [ 27.325956, 27.156108, 26.831382, 26.557462 ] }, { "date": "2026-01-16", "close": 27.572279, "volume": 67134, "typical_volume": 19846.45, "trend": 26.228659, "fair_value": 22.370897, "relative_strength": -2.630139, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.57871, "energy": 71.773341, "activity_lines": [ 27.431195, 27.259463, 26.927423, 26.650733 ] }, { "date": "2026-01-23", "close": 27.758941, "volume": 81649, "typical_volume": 23315.5, "trend": 26.327509, "fair_value": 22.424852, "relative_strength": -1.634014, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.831082, "energy": 74.862738, "activity_lines": [ 27.566791, 27.37836, 27.03322, 26.749461 ] }, { "date": "2026-01-30", "close": 27.881487, "volume": 54394, "typical_volume": 25430.05, "trend": 26.425243, "fair_value": 22.479521, "relative_strength": -1.579095, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.039682, "energy": 87.85169, "activity_lines": [ 27.702982, 27.499819, 27.142734, 26.849718 ] }, { "date": "2026-02-06", "close": 28.008934, "volume": 58017, "typical_volume": 27399.3, "trend": 26.531226, "fair_value": 22.538978, "relative_strength": -0.920122, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.52391, "energy": 87.448176, "activity_lines": [ 27.838588, 27.622943, 27.256126, 26.951891 ] }, { "date": "2026-02-13", "close": 28.136381, "volume": 42188, "typical_volume": 29005.25, "trend": 26.630931, "fair_value": 22.600309, "relative_strength": 0.790956, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.27345, "energy": 86.623042, "activity_lines": [ 27.963484, 27.747849, 27.372245, 27.05545 ] }, { "date": "2026-02-20", "close": 28.212967, "volume": 56334, "typical_volume": 31520.25, "trend": 26.725993, "fair_value": 22.662203, "relative_strength": -0.051321, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.921807, "energy": 86.298114, "activity_lines": [ 28.077272, 27.865828, 27.485934, 27.157517 ] }, { "date": "2026-02-27", "close": 28.124339, "volume": 74358, "typical_volume": 34044.7, "trend": 26.814446, "fair_value": 22.723289, "relative_strength": 0.171509, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.582763, "energy": 67.820271, "activity_lines": [ 28.118804, 27.947354, 27.581228, 27.247732 ] }, { "date": "2026-03-06", "close": 27.776823, "volume": 37679, "typical_volume": 35658.25, "trend": 26.883885, "fair_value": 22.783089, "relative_strength": 1.008389, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.509282, "energy": 64.484547, "activity_lines": [ 28.020138, 27.948073, 27.632371, 27.309821 ] }, { "date": "2026-03-13", "close": 27.533492, "volume": 36703, "typical_volume": 36834.8, "trend": 26.941187, "fair_value": 22.84514, "relative_strength": 1.752921, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.381977, "energy": 46.416162, "activity_lines": [ 27.847339, 27.894708, 27.652304, 27.351731 ] }, { "date": "2026-03-20", "close": 27.269285, "volume": 37843, "typical_volume": 38340.35, "trend": 26.98506, "fair_value": 22.904193, "relative_strength": 2.698807, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.441228, "energy": 25.07435, "activity_lines": [ 27.618167, 27.787442, 27.641164, 27.372899 ] }, { "date": "2026-03-27", "close": 27.157751, "volume": 16273, "typical_volume": 38351.95, "trend": 27.027397, "fair_value": 22.959888, "relative_strength": 4.677107, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.351969, "energy": 24.752722, "activity_lines": [ 27.409624, 27.665671, 27.616602, 27.38404 ] }, { "date": "2026-04-03", "close": 27.551586, "volume": 16463, "typical_volume": 38801.75, "trend": 27.076163, "fair_value": 23.018363, "relative_strength": 2.913307, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.060374, "energy": 23.385169, "activity_lines": [ 27.402706, 27.623043, 27.626703, 27.417859 ] }, { "date": "2026-04-10", "close": 28.190477, "volume": 20103, "typical_volume": 37524.75, "trend": 27.144276, "fair_value": 23.080341, "relative_strength": 1.739714, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.041995, "energy": 26.18322, "activity_lines": [ 27.646936, 27.700347, 27.693474, 27.48975 ] }, { "date": "2026-04-17", "close": 28.646121, "volume": 76509, "typical_volume": 40363.55, "trend": 27.231396, "fair_value": 23.146846, "relative_strength": -0.861983, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 76.823169, "energy": 49.650094, "activity_lines": [ 28.015471, 27.854877, 27.796535, 27.586644 ] }, { "date": "2026-04-24", "close": 28.354547, "volume": 66304, "typical_volume": 42186.05, "trend": 27.306737, "fair_value": 23.210337, "relative_strength": -2.19644, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.129537, "energy": 72.388847, "activity_lines": [ 28.212638, 27.944809, 27.863191, 27.659105 ] }, { "date": "2026-05-01", "close": 28.351078, "volume": 37381, "typical_volume": 42972.4, "trend": 27.381019, "fair_value": 23.273995, "relative_strength": -2.980663, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.792478, "energy": 76.137235, "activity_lines": [ 28.336299, 28.030143, 27.923016, 27.726482 ] }, { "date": "2026-05-08", "close": 28.528015, "volume": 73217, "typical_volume": 45524.85, "trend": 27.471856, "fair_value": 23.339212, "relative_strength": -4.432311, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.427546, "energy": 78.041797, "activity_lines": [ 28.439383, 28.145137, 27.993708, 27.800482 ] }, { "date": "2026-05-15", "close": 28.305282, "volume": 110572, "typical_volume": 50278.95, "trend": 27.545712, "fair_value": 23.403995, "relative_strength": -5.24249, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.304668, "energy": 60.197628, "activity_lines": [ 28.403128, 28.212294, 28.03665, 27.854251 ] }, { "date": "2026-05-22", "close": 28.308474, "volume": 52978, "typical_volume": 52347.85, "trend": 27.612925, "fair_value": 23.468235, "relative_strength": -5.868138, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.573533, "energy": 43.865565, "activity_lines": [ 28.360283, 28.270423, 28.074802, 27.903461 ] }, { "date": "2026-05-29", "close": 28.619711, "volume": 39300, "typical_volume": 52769.95, "trend": 27.677541, "fair_value": 23.532614, "relative_strength": -6.027871, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.196995, "energy": 47.171914, "activity_lines": [ 28.443694, 28.371051, 28.137369, 27.968415 ] }, { "date": "2026-06-05", "close": 28.569929, "volume": 138192, "typical_volume": 56322.85, "trend": 27.744524, "fair_value": 23.595301, "relative_strength": -3.670054, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.718621, "energy": 43.961325, "activity_lines": [ 28.492833, 28.438073, 28.190277, 28.025989 ] }, { "date": "2026-06-12", "close": 28.828796, "volume": 66643, "typical_volume": 55572.55, "trend": 27.816336, "fair_value": 23.65811, "relative_strength": -3.231367, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.309804, "energy": 51.716017, "activity_lines": [ 28.613671, 28.526487, 28.263088, 28.095942 ] }, { "date": "2026-06-19", "close": 28.782506, "volume": 179733, "typical_volume": 61839.5, "trend": 27.885801, "fair_value": 23.721015, "relative_strength": -4.131946, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.176972, "energy": 66.104745, "activity_lines": [ 28.699026, 28.583262, 28.326395, 28.158275 ] }, { "date": "2026-06-26", "close": 28.654531, "volume": 102601, "typical_volume": 64068.7, "trend": 27.946536, "fair_value": 23.782248, "relative_strength": -2.166042, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.299349, "energy": 60.743612, "activity_lines": [ 28.709909, 28.606004, 28.373225, 28.207871 ] }, { "date": "2026-07-03", "close": 28.745166, "volume": 509026, "typical_volume": 87410.6, "trend": 28.005057, "fair_value": 23.845871, "relative_strength": -3.857111, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.731811, "energy": 60.478146, "activity_lines": [ 28.727933, 28.645073, 28.425611, 28.259395 ] }, { "date": "2026-07-10", "close": 28.808909, "volume": 146339, "typical_volume": 91910.85, "trend": 28.06221, "fair_value": 23.906333, "relative_strength": -4.846433, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.338696, "energy": 59.91803, "activity_lines": [ 28.758841, 28.68863, 28.48117, 28.311257 ] }, { "date": "2026-07-17", "close": 28.654531, "volume": 132597, "typical_volume": 94822.8, "trend": 28.112189, "fair_value": 23.965764, "relative_strength": -3.781273, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.310582, "energy": 45.044811, "activity_lines": [ 28.722357, 28.695793, 28.519188, 28.349471 ] }, { "date": "2026-07-24", "close": 28.51, "volume": 126312, "typical_volume": 99254.45, "trend": 28.154674, "fair_value": 24.022771, "relative_strength": -3.624737, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.033856, "energy": 33.147484, "activity_lines": [ 28.649314, 28.674378, 28.540917, 28.375136 ] }, { "date": "2026-07-31", "close": 28.5, "volume": 212663, "typical_volume": 108052.45, "trend": 28.197639, "fair_value": 24.08064, "relative_strength": -4.553244, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.256553, "energy": 24.979838, "activity_lines": [ 28.591105, 28.647423, 28.558202, 28.397415 ] }, { "date": "2026-08-07", "close": 28.72, "volume": 151271, "typical_volume": 113723.85, "trend": 28.235411, "fair_value": 24.139782, "relative_strength": -6.916645, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.771496, "energy": 24.557044, "activity_lines": [ 28.616531, 28.656985, 28.591836, 28.431116 ] } ], "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." } } }