{ "ticker": { "uuid": "25752236-6be5-4df3-bf09-9263c393d6a3", "symbol": "EVO", "name": "Evovest Global Equity 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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 56.099, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 58.827, "architecture_energy": 31.444, "architecture_maturity": 62.242, "architecture_confidence": 74.881, "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": 28.47, "rotation_up": 33.29, "upward_expansion": 59.31, "deceleration": 88.31, "rotation_down": 27.32, "downward_expansion": 20.65 }, "activity_lines": [ 30.492333, 30.569818, 30.281953, 29.839377 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 31.18, "trend_reference": 29.3405, "distance_from_trend": 0.062695, "trend_direction": "Improving", "fair_value": 26.791162, "distance_from_fair_value": 0.163817, "fair_value_direction": "Improving", "relative_strength": -6.011125, "relative_strength_direction": "Improving", "price_momentum": 0.090973, "excess_performance": -0.029449, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.062695, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.010203, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.163817, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.034174, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.060111, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.023687, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.090973, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.694882, "read": "Supply-led" } ], "volume": { "latest": 54000, "relative_activity": 1.01983, "balance": 0.694882, "dry_up": 0.989141, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.022635, "annualized_volatility": 0.14915, "from_high_reference": -0.007638, "from_low_reference": 0.164737 }, "levels": { "trend_reference": 29.3405, "fair_value_reference": 26.791162, "structural_low": 26.77, "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": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-03", "end": "2025-12-26", "tenure": "Established", "return": 0.01454, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-02", "end": "2026-02-13", "tenure": "Developing", "return": 0.027017, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-20", "end": "2026-05-01", "tenure": "Developing", "return": 0.00795, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-08", "end": "2026-06-19", "tenure": "Developing", "return": 0.048674, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-26", "end": "2026-07-24", "tenure": "Developing", "return": -0.028341, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.033135, "active": true } ], "chart_path": [ { "date": "2024-03-29", "close": 22.713511, "volume": 142652, "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": 22.589087, "volume": 21450, "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": 22.577774, "volume": 42551, "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": 22.170559, "volume": 18485, "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": 22.442038, "volume": 14299, "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": 22.62302, "volume": 1395, "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": 23.086792, "volume": 8196, "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": 23.414827, "volume": 1569, "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": 23.154659, "volume": 5929, "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": 23.018923, "volume": 8806, "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": 23.199907, "volume": 57985, "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": 22.62302, "volume": 5755, "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": 22.804005, "volume": 3225, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 22.984989, "volume": 1133, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 23.098104, "volume": 3052, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 23.618431, "volume": 120330, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 23.392202, "volume": 24938, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 23.471382, "volume": 21451, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 22.690889, "volume": 7324, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 22.475969, "volume": 3400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 23.369577, "volume": 5493, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 23.607121, "volume": 5318, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 23.686302, "volume": 2267, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 23.301712, "volume": 4010, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 23.765484, "volume": 3662, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 24.11614, "volume": 2005, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 24.410238, "volume": 6191, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 24.376305, "volume": 5057, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 24.828766, "volume": 5319, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 25.094585, "volume": 17789, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 24.704336, "volume": 12381, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 24.79483, "volume": 9416, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 25.134174, "volume": 33048, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 24.998438, "volume": 22322, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 25.292538, "volume": 9679, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 25.665817, "volume": 32087, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 26.118277, "volume": 8894, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 25.76762, "volume": 15433, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 25.315159, "volume": 16392, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 25.643192, "volume": 785, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 24.380556, "volume": 8317, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 24.021698, "volume": 8226, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 24.902531, "volume": 5850, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 25.065649, "volume": 5941, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 25.391882, "volume": 6489, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 24.94603, "volume": 13071, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 25.09827, "volume": 14350, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 24.978651, "volume": 21296, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 25.522375, "volume": 21936, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 25.815987, "volume": 19651, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 25.718117, "volume": 19286, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 25.957355, "volume": 16269, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 25.718117, "volume": 19103, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 23.619343, "volume": 37658, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 23.880331, "volume": 24678, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 24.761164, "volume": 42867, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 25.881233, "volume": 49539, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 26.261839, "volume": 35645, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 26.740316, "volume": 29340, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 27.523277, "volume": 65717, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 26.881683, "volume": 35373, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 27.077423, "volume": 59228, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 27.392784, "volume": 42775, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 27.229668, "volume": 88567, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 27.197044, "volume": 95695, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 27.838638, "volume": 52830, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 27.925632, "volume": 37565, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 28.045254, "volume": 56485, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 28.045254, "volume": 46066, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 28.632473, "volume": 32996, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 28.186621, "volume": 104013, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 28.610725, "volume": 58496, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 29.067453, "volume": 32904, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 29.50243, "volume": 33088, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 28.947832, "volume": 35645, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 29.165323, "volume": 30254, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 29.698172, "volume": 80250, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 29.545929, "volume": 41494, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 29.730795, "volume": 92314, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 29.915661, "volume": 64530, "typical_volume": 56028.4, "trend": 27.48993, "fair_value": 25.337028, "relative_strength": -3.657088, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.659439, "energy": 71.20086, "activity_lines": [ 29.713396, 29.478903, 28.946539, 28.364588 ] }, { "date": "2025-10-10", "close": 29.100075, "volume": 65352, "typical_volume": 57527.35, "trend": 27.602661, "fair_value": 25.383485, "relative_strength": -4.262841, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.10789, "energy": 55.943727, "activity_lines": [ 29.543029, 29.45399, 29.01018, 28.468468 ] }, { "date": "2025-10-17", "close": 29.513304, "volume": 44238, "typical_volume": 56777.85, "trend": 27.721193, "fair_value": 25.433849, "relative_strength": -3.678176, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.92657, "energy": 49.759788, "activity_lines": [ 29.514755, 29.487602, 29.102613, 28.591735 ] }, { "date": "2025-10-24", "close": 30.013533, "volume": 94599, "typical_volume": 59369.05, "trend": 27.864374, "fair_value": 25.489026, "relative_strength": -2.796337, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.202972, "energy": 53.234487, "activity_lines": [ 29.665548, 29.595754, 29.231087, 28.739628 ] }, { "date": "2025-10-31", "close": 29.654673, "volume": 98621, "typical_volume": 59871.75, "trend": 28.065551, "fair_value": 25.538617, "relative_strength": -3.588252, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.986338, "energy": 42.867066, "activity_lines": [ 29.665548, 29.621457, 29.312905, 28.855131 ] }, { "date": "2025-11-07", "close": 29.535055, "volume": 42684, "typical_volume": 57221.2, "trend": 28.254042, "fair_value": 25.585634, "relative_strength": -2.807389, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.254914, "energy": 41.673277, "activity_lines": [ 29.63075, 29.622643, 29.371782, 28.949938 ] }, { "date": "2025-11-14", "close": 29.796041, "volume": 51459, "typical_volume": 57152.65, "trend": 28.421871, "fair_value": 25.634592, "relative_strength": -3.2481, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.384254, "energy": 42.694256, "activity_lines": [ 29.708321, 29.660605, 29.444382, 29.049422 ] }, { "date": "2025-11-21", "close": 29.632925, "volume": 77963, "typical_volume": 59172.55, "trend": 28.546928, "fair_value": 25.68055, "relative_strength": -3.227665, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.061925, "energy": 33.375657, "activity_lines": [ 29.685122, 29.657442, 29.492126, 29.127554 ] }, { "date": "2025-11-28", "close": 30.263643, "volume": 48716, "typical_volume": 58784.1, "trend": 28.680321, "fair_value": 25.73263, "relative_strength": -4.951168, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.962548, "energy": 41.805266, "activity_lines": [ 29.864188, 29.770141, 29.591809, 29.23831 ] }, { "date": "2025-12-05", "close": 30.024405, "volume": 78878, "typical_volume": 60424.7, "trend": 28.789791, "fair_value": 25.780852, "relative_strength": -5.384027, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.612857, "energy": 40.505392, "activity_lines": [ 29.946834, 29.826292, 29.658143, 29.325025 ] }, { "date": "2025-12-12", "close": 30.241896, "volume": 51733, "typical_volume": 61361.55, "trend": 28.880411, "fair_value": 25.83042, "relative_strength": -5.243166, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.942591, "energy": 43.87111, "activity_lines": [ 30.077328, 29.916649, 29.735766, 29.418709 ] }, { "date": "2025-12-19", "close": 30.350639, "volume": 89481, "typical_volume": 60634.95, "trend": 28.996043, "fair_value": 25.880092, "relative_strength": -5.454694, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.117555, "energy": 53.892388, "activity_lines": [ 30.196947, 30.020847, 29.816082, 29.513563 ] }, { "date": "2025-12-26", "close": 30.350639, "volume": 38206, "typical_volume": 59620.45, "trend": 29.105151, "fair_value": 25.928685, "relative_strength": -6.022417, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.973314, "energy": 50.233419, "activity_lines": [ 30.279593, 30.102306, 29.886093, 29.600956 ] }, { "date": "2026-01-02", "close": 27.76, "volume": 33554, "typical_volume": 59652.95, "trend": 29.117391, "fair_value": 25.948377, "relative_strength": -13.562763, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -6.963529, "energy": 8.661064, "activity_lines": [ 29.450845, 29.697516, 29.70109, 29.514172 ] }, { "date": "2026-01-09", "close": 28.690001, "volume": 86000, "typical_volume": 62298.55, "trend": 29.166069, "fair_value": 25.977543, "relative_strength": -12.514629, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.419298, "energy": 24.166199, "activity_lines": [ 29.099006, 29.502791, 29.610886, 29.486599 ] }, { "date": "2026-01-16", "close": 28.809999, "volume": 103600, "typical_volume": 65696.3, "trend": 29.219834, "fair_value": 26.007358, "relative_strength": -13.084054, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.089474, "energy": 31.027205, "activity_lines": [ 28.876128, 29.347422, 29.535979, 29.463626 ] }, { "date": "2026-01-23", "close": 28.5, "volume": 112700, "typical_volume": 69818.6, "trend": 29.241879, "fair_value": 26.033323, "relative_strength": -14.085348, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.011145, "energy": 39.359537, "activity_lines": [ 28.645376, 29.148873, 29.432204, 29.417185 ] }, { "date": "2026-01-30", "close": 28.24, "volume": 144400, "typical_volume": 73026.1, "trend": 29.252358, "fair_value": 26.056073, "relative_strength": -11.424771, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.731213, "energy": 61.867015, "activity_lines": [ 28.451333, 28.926616, 29.306835, 29.352548 ] }, { "date": "2026-02-06", "close": 28.58, "volume": 84400, "typical_volume": 75171.4, "trend": 29.270183, "fair_value": 26.081827, "relative_strength": -11.699281, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.116941, "energy": 51.620492, "activity_lines": [ 28.511333, 28.791503, 29.220791, 29.30917 ] }, { "date": "2026-02-13", "close": 28.51, "volume": 147400, "typical_volume": 77925.7, "trend": 29.285675, "fair_value": 26.106354, "relative_strength": -13.315205, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -59.528219, "energy": 53.859139, "activity_lines": [ 28.493333, 28.674274, 29.13268, 29.260126 ] }, { "date": "2026-02-20", "close": 28.93, "volume": 46400, "typical_volume": 77019.2, "trend": 29.295592, "fair_value": 26.13459, "relative_strength": -13.742958, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.371033, "energy": 37.405544, "activity_lines": [ 28.627333, 28.660944, 29.090383, 29.237179 ] }, { "date": "2026-02-27", "close": 29.23, "volume": 95500, "typical_volume": 78526.6, "trend": 29.330372, "fair_value": 26.165238, "relative_strength": -13.917686, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.84659, "energy": 21.723525, "activity_lines": [ 28.853333, 28.726012, 29.08135, 29.232947 ] }, { "date": "2026-03-06", "close": 28.02, "volume": 96300, "typical_volume": 81129.7, "trend": 29.310681, "fair_value": 26.183422, "relative_strength": -14.020275, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.612541, "energy": 30.079192, "activity_lines": [ 28.627333, 28.591455, 28.956461, 29.148407 ] }, { "date": "2026-03-13", "close": 27.6, "volume": 69800, "typical_volume": 79889.75, "trend": 29.261766, "fair_value": 26.197175, "relative_strength": -13.562695, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.85365, "energy": 41.238197, "activity_lines": [ 28.276, 28.422909, 28.798683, 29.038041 ] }, { "date": "2026-03-20", "close": 26.85, "volume": 107300, "typical_volume": 80323.7, "trend": 29.173351, "fair_value": 26.203452, "relative_strength": -12.310479, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.582502, "energy": 67.743918, "activity_lines": [ 27.74, 28.120909, 28.580969, 28.882443 ] }, { "date": "2026-03-27", "close": 27.1, "volume": 146600, "typical_volume": 85519.5, "trend": 29.111757, "fair_value": 26.211991, "relative_strength": -12.94872, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.652124, "energy": 73.534187, "activity_lines": [ 27.398, 27.897818, 28.40042, 28.748678 ] }, { "date": "2026-04-03", "close": 28.32, "volume": 67000, "typical_volume": 86296.55, "trend": 29.083579, "fair_value": 26.231878, "relative_strength": -11.899258, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.539876, "energy": 68.187546, "activity_lines": [ 27.584667, 27.927636, 28.347657, 28.697597 ] }, { "date": "2026-04-10", "close": 29.16, "volume": 38200, "typical_volume": 84308.4, "trend": 29.06564, "fair_value": 26.259243, "relative_strength": -10.607709, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.704398, "energy": 29.675158, "activity_lines": [ 28.112, 28.113455, 28.381923, 28.702528 ] }, { "date": "2026-04-17", "close": 29.51, "volume": 32600, "typical_volume": 83502.6, "trend": 29.064443, "fair_value": 26.289343, "relative_strength": -10.957496, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.699345, "energy": 13.781792, "activity_lines": [ 28.68, 28.346182, 28.451775, 28.731196 ] }, { "date": "2026-04-24", "close": 29.0, "volume": 55800, "typical_volume": 82348.7, "trend": 29.040083, "fair_value": 26.314211, "relative_strength": -11.014525, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.959758, "energy": 25.074331, "activity_lines": [ 28.950667, 28.469273, 28.476643, 28.727039 ] }, { "date": "2026-05-01", "close": 29.16, "volume": 117800, "typical_volume": 85652.05, "trend": 29.014894, "fair_value": 26.340082, "relative_strength": -10.150213, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 17.441631, "energy": 28.727661, "activity_lines": [ 29.131333, 28.612545, 28.521628, 28.734775 ] }, { "date": "2026-05-08", "close": 29.790001, "volume": 84400, "typical_volume": 85398.0, "trend": 29.037892, "fair_value": 26.371163, "relative_strength": -8.379804, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.392058, "energy": 39.686664, "activity_lines": [ 29.384667, 28.866182, 28.631765, 28.784782 ] }, { "date": "2026-05-15", "close": 29.450001, "volume": 53100, "typical_volume": 86142.7, "trend": 29.035782, "fair_value": 26.398652, "relative_strength": -8.421812, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.674819, "energy": 39.553586, "activity_lines": [ 29.426667, 29.047819, 28.712191, 28.81137 ] }, { "date": "2026-05-22", "close": 30.030001, "volume": 49200, "typical_volume": 86925.0, "trend": 29.036331, "fair_value": 26.430788, "relative_strength": -8.034801, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.719429, "energy": 44.748845, "activity_lines": [ 29.642667, 29.30891, 28.852143, 28.875513 ] }, { "date": "2026-05-29", "close": 29.889999, "volume": 51700, "typical_volume": 85210.0, "trend": 29.044175, "fair_value": 26.461132, "relative_strength": -8.92411, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.252305, "energy": 44.514963, "activity_lines": [ 29.777334, 29.500364, 28.967953, 28.930588 ] }, { "date": "2026-06-05", "close": 29.620001, "volume": 8400, "typical_volume": 80450.0, "trend": 29.047006, "fair_value": 26.4886, "relative_strength": -8.486513, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.278005, "energy": 41.400526, "activity_lines": [ 29.762667, 29.587455, 29.052334, 28.967738 ] }, { "date": "2026-06-12", "close": 30.57, "volume": 6400, "typical_volume": 75135.0, "trend": 29.072805, "fair_value": 26.523785, "relative_strength": -6.678265, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.653781, "energy": 58.53089, "activity_lines": [ 30.034, 29.801455, 29.223334, 29.065996 ] }, { "date": "2026-06-19", "close": 31.24, "volume": 6100, "typical_volume": 68220.0, "trend": 29.126374, "fair_value": 26.564094, "relative_strength": -4.456788, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 84.64895, "energy": 82.10078, "activity_lines": [ 30.476667, 30.096364, 29.448286, 29.205815 ] }, { "date": "2026-06-26", "close": 31.049999, "volume": 12800, "typical_volume": 64640.0, "trend": 29.152586, "fair_value": 26.602111, "relative_strength": -4.763838, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.379381, "energy": 84.807889, "activity_lines": [ 30.736666, 30.318909, 29.640857, 29.32992 ] }, { "date": "2026-07-03", "close": 31.030001, "volume": 5400, "typical_volume": 57540.0, "trend": 29.186106, "fair_value": 26.63932, "relative_strength": -5.249817, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.768652, "energy": 88.254295, "activity_lines": [ 30.922, 30.509818, 29.819762, 29.451043 ] }, { "date": "2026-07-10", "close": 30.735001, "volume": 114000, "typical_volume": 60920.0, "trend": 29.202543, "fair_value": 26.67345, "relative_strength": -5.979272, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.887926, "energy": 85.461566, "activity_lines": [ 30.933, 30.610182, 29.958572, 29.550972 ] }, { "date": "2026-07-17", "close": 29.76, "volume": 59400, "typical_volume": 59115.0, "trend": 29.182855, "fair_value": 26.698959, "relative_strength": -8.507528, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.083994, "energy": 49.503346, "activity_lines": [ 30.544667, 30.504637, 29.995929, 29.586937 ] }, { "date": "2026-07-24", "close": 30.17, "volume": 41800, "typical_volume": 56390.0, "trend": 29.176833, "fair_value": 26.72741, "relative_strength": -7.158285, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.141812, "energy": 33.13443, "activity_lines": [ 30.347, 30.474182, 30.06981, 29.650624 ] }, { "date": "2026-07-31", "close": 30.18, "volume": 54300, "typical_volume": 55615.0, "trend": 29.2575, "fair_value": 26.75548, "relative_strength": -6.385237, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.726552, "energy": 24.851051, "activity_lines": [ 30.224, 30.432455, 30.134405, 29.715344 ] }, { "date": "2026-08-07", "close": 31.18, "volume": 54000, "typical_volume": 52950.0, "trend": 29.3405, "fair_value": 26.791162, "relative_strength": -6.011125, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.827135, "energy": 31.443988, "activity_lines": [ 30.492333, 30.569818, 30.281953, 29.839377 ] } ], "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." } } }