{ "ticker": { "uuid": "268b3046-0deb-4875-850f-8dfd4644253f", "symbol": "EXSH", "name": "iShares STOXX Europe Select Dividend 30 UCITS ETF (DE)", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 90.118, "architecture_energy": 95.313, "architecture_maturity": 11.928, "architecture_confidence": 71.258, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 17.26, "rotation_up": 82.78, "upward_expansion": 95.27, "deceleration": 44.68, "rotation_down": 8.64, "downward_expansion": 21.94 }, "activity_lines": [ 26.543856, 26.059974, 25.734218, 25.299226 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 27.190001, "trend_reference": 24.738514, "distance_from_trend": 0.099096, "trend_direction": "Improving", "fair_value": 18.391085, "distance_from_fair_value": 0.478434, "fair_value_direction": "Improving", "relative_strength": 0.451776, "relative_strength_direction": "Weakening", "price_momentum": 0.137854, "excess_performance": -0.033038, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.099096, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.053949, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.478434, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.026595, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.004518, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.016844, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.137854, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 6.562376, "read": "Demand-led" } ], "volume": { "latest": 88795, "relative_activity": 0.989996, "balance": 6.562376, "dry_up": 1.136143, "accumulation_observations": 6, "distribution_observations": 0 }, "risk": { "range_context": 0.018431, "annualized_volatility": 0.128333, "from_high_reference": -0.002385, "from_low_reference": 0.351109 }, "levels": { "trend_reference": 24.738514, "fair_value_reference": 18.391085, "structural_low": 22.087603, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 37, "median_return": 0.006207, "positive_rate": 0.540541, "directional_follow_through": 0.540541, "median_excess_return": 0.004162, "regime_survival": 0.72973, "best_return": 0.067548, "worst_return": -0.111192, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": 0.040135, "positive_rate": 0.642857, "directional_follow_through": 0.642857, "median_excess_return": 0.000478, "regime_survival": 0.571429, "best_return": 0.129889, "worst_return": -0.078754, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.062109, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.023147, "regime_survival": 0.5, "best_return": 0.230367, "worst_return": -0.15249, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.063131, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.006647, "regime_survival": 0.5, "best_return": 0.417439, "worst_return": -0.08751, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-11-24", "end": "2023-12-08", "tenure": "New", "return": 0.045015, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-15", "end": "2024-02-02", "tenure": "Developing", "return": -0.025473, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-09", "end": "2024-04-05", "tenure": "Developing", "return": 0.083312, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-04-12", "end": "2024-06-21", "tenure": "Developing", "return": 0.023817, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-28", "end": "2024-07-19", "tenure": "New", "return": 0.018165, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-26", "end": "2024-11-01", "tenure": "Established", "return": -0.00997, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-08", "end": "2025-01-17", "tenure": "Developing", "return": 0.050645, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-24", "end": "2025-04-11", "tenure": "Developing", "return": 0.019229, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-05-02", "tenure": "New", "return": 0.059304, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-09", "end": "2026-03-20", "tenure": "Extended", "return": 0.211276, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.100957, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-06-26", "tenure": "Developing", "return": 0.015969, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-03", "end": "2026-07-24", "tenure": "New", "return": 0.032077, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.017209, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 13.435298, "volume": 38545, "typical_volume": 17228.55, "trend": 13.829717, "fair_value": 13.377897, "relative_strength": -8.720565, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.84822, "energy": 16.278823, "activity_lines": [ 13.73455, 13.746664, 13.739742, 13.744421 ] }, { "date": "2023-08-25", "close": 13.455983, "volume": 5559, "typical_volume": 16976.65, "trend": 13.802227, "fair_value": 13.397632, "relative_strength": -9.648797, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.694907, "energy": 32.715139, "activity_lines": [ 13.606529, 13.697878, 13.713717, 13.720309 ] }, { "date": "2023-09-01", "close": 13.718001, "volume": 22626, "typical_volume": 17757.85, "trend": 13.777508, "fair_value": 13.4203, "relative_strength": -8.951615, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.448573, "energy": 29.716899, "activity_lines": [ 13.603541, 13.704547, 13.712765, 13.714875 ] }, { "date": "2023-09-08", "close": 13.662841, "volume": 10946, "typical_volume": 15809.1, "trend": 13.755478, "fair_value": 13.441756, "relative_strength": -7.638027, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.428413, "energy": 29.095464, "activity_lines": [ 13.611815, 13.694156, 13.707046, 13.707477 ] }, { "date": "2023-09-15", "close": 14.142058, "volume": 20665, "typical_volume": 16670.65, "trend": 13.742687, "fair_value": 13.467962, "relative_strength": -6.22074, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 29.157992, "energy": 18.044263, "activity_lines": [ 13.790861, 13.77018, 13.747358, 13.732418 ] }, { "date": "2023-09-22", "close": 14.019669, "volume": 14544, "typical_volume": 16839.05, "trend": 13.734703, "fair_value": 13.497323, "relative_strength": -5.676909, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.122258, "energy": 36.324249, "activity_lines": [ 13.903139, 13.810147, 13.7742, 13.750287 ] }, { "date": "2023-09-29", "close": 13.795574, "volume": 14290, "typical_volume": 16208.15, "trend": 13.706941, "fair_value": 13.522326, "relative_strength": -5.766215, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.625199, "energy": 33.749149, "activity_lines": [ 13.90176, 13.805728, 13.778343, 13.754215 ] }, { "date": "2023-10-06", "close": 13.51287, "volume": 26066, "typical_volume": 17038.5, "trend": 13.687859, "fair_value": 13.543076, "relative_strength": -5.952109, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.740534, "energy": 14.264443, "activity_lines": [ 13.783507, 13.754014, 13.754979, 13.741694 ] }, { "date": "2023-10-13", "close": 13.597336, "volume": 13488, "typical_volume": 16505.0, "trend": 13.701787, "fair_value": 13.565443, "relative_strength": -6.456408, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.248175, "energy": 6.46858, "activity_lines": [ 13.707085, 13.729474, 13.741151, 13.735854 ] }, { "date": "2023-10-20", "close": 13.074223, "volume": 20127, "typical_volume": 17299.3, "trend": 13.702362, "fair_value": 13.584563, "relative_strength": -6.82727, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -71.746627, "energy": 54.01117, "activity_lines": [ 13.460659, 13.614021, 13.677549, 13.695366 ] }, { "date": "2023-10-27", "close": 13.037154, "volume": 11497, "typical_volume": 17220.3, "trend": 13.686687, "fair_value": 13.60724, "relative_strength": -6.556919, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.419399, "energy": 71.567422, "activity_lines": [ 13.273066, 13.504161, 13.614059, 13.652449 ] }, { "date": "2023-11-03", "close": 13.489023, "volume": 6820, "typical_volume": 16914.15, "trend": 13.686958, "fair_value": 13.628952, "relative_strength": -7.697507, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.988494, "energy": 65.043109, "activity_lines": [ 13.301596, 13.483698, 13.597496, 13.639697 ] }, { "date": "2023-11-10", "close": 13.349579, "volume": 19936, "typical_volume": 17253.4, "trend": 13.671266, "fair_value": 13.643104, "relative_strength": -7.818873, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.680775, "energy": 63.613334, "activity_lines": [ 13.304082, 13.43728, 13.569542, 13.61793 ] }, { "date": "2023-11-17", "close": 13.792623, "volume": 14074, "typical_volume": 17277.6, "trend": 13.672863, "fair_value": 13.65762, "relative_strength": -7.691617, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.127936, "energy": 22.672183, "activity_lines": [ 13.465135, 13.478115, 13.583695, 13.62576 ] }, { "date": "2023-11-24", "close": 13.880879, "volume": 75929, "typical_volume": 20344.85, "trend": 13.676849, "fair_value": 13.670579, "relative_strength": -6.618173, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.865921, "energy": 13.818169, "activity_lines": [ 13.642588, 13.532636, 13.605449, 13.63918 ] }, { "date": "2023-12-01", "close": 14.246259, "volume": 61053, "typical_volume": 22995.1, "trend": 13.6939, "fair_value": 13.685229, "relative_strength": -5.47159, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.872276, "energy": 28.899358, "activity_lines": [ 13.888057, 13.658339, 13.659628, 13.675916 ] }, { "date": "2023-12-08", "close": 14.505732, "volume": 23808, "typical_volume": 21601.65, "trend": 13.721647, "fair_value": 13.703838, "relative_strength": -4.95369, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 80.29546, "energy": 66.550906, "activity_lines": [ 14.139411, 13.827099, 13.736487, 13.728292 ] }, { "date": "2023-12-15", "close": 14.758143, "volume": 22067, "typical_volume": 22144.05, "trend": 13.752717, "fair_value": 13.722057, "relative_strength": -2.937859, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.243393, "energy": 86.920934, "activity_lines": [ 14.40712, 14.02884, 13.835079, 13.795163 ] }, { "date": "2023-12-22", "close": 14.828748, "volume": 17234, "typical_volume": 22719.35, "trend": 13.793445, "fair_value": 13.740776, "relative_strength": -2.122996, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.616017, "energy": 90.734319, "activity_lines": [ 14.60446, 14.220777, 13.937559, 13.864584 ] }, { "date": "2023-12-29", "close": 14.775794, "volume": 13049, "typical_volume": 22616.15, "trend": 13.82466, "fair_value": 13.758735, "relative_strength": -2.188215, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.341062, "energy": 89.567784, "activity_lines": [ 14.715074, 14.380697, 14.030233, 13.927962 ] }, { "date": "2024-01-05", "close": 14.892292, "volume": 16544, "typical_volume": 21516.1, "trend": 13.859261, "fair_value": 13.774859, "relative_strength": -1.447052, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.703546, "energy": 90.320722, "activity_lines": [ 14.80486, 14.53086, 14.129128, 13.996841 ] }, { "date": "2024-01-12", "close": 14.682242, "volume": 20794, "typical_volume": 22277.85, "trend": 13.885809, "fair_value": 13.789492, "relative_strength": -2.678628, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.206089, "energy": 83.627827, "activity_lines": [ 14.78156, 14.609103, 14.201081, 14.049937 ] }, { "date": "2024-01-19", "close": 14.364417, "volume": 19882, "typical_volume": 22140.65, "trend": 13.920245, "fair_value": 13.803347, "relative_strength": -3.91334, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.638486, "energy": 56.951268, "activity_lines": [ 14.640551, 14.607864, 14.236925, 14.080815 ] }, { "date": "2024-01-26", "close": 14.576207, "volume": 8223, "typical_volume": 22004.5, "trend": 13.952002, "fair_value": 13.820367, "relative_strength": -2.572341, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.46307, "energy": 45.507992, "activity_lines": [ 14.596387, 14.626681, 14.289862, 14.123135 ] }, { "date": "2024-02-02", "close": 14.382215, "volume": 169100, "typical_volume": 29426.25, "trend": 13.985317, "fair_value": 13.83347, "relative_strength": -4.675603, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.574483, "energy": 32.036141, "activity_lines": [ 14.504395, 14.59598, 14.319973, 14.150891 ] }, { "date": "2024-02-09", "close": 13.907019, "volume": 40375, "typical_volume": 30717.8, "trend": 13.988237, "fair_value": 13.843374, "relative_strength": -8.839278, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.012597, "energy": 24.42579, "activity_lines": [ 14.280243, 14.469765, 14.303685, 14.145839 ] }, { "date": "2024-02-16", "close": 14.04584, "volume": 38487, "typical_volume": 31927.65, "trend": 13.989052, "fair_value": 13.853341, "relative_strength": -9.312812, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.982558, "energy": 24.991519, "activity_lines": [ 14.16805, 14.374957, 14.301154, 14.149555 ] }, { "date": "2024-02-23", "close": 14.058299, "volume": 20980, "typical_volume": 31673.35, "trend": 13.985571, "fair_value": 13.863475, "relative_strength": -11.578901, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.040963, "energy": 23.544438, "activity_lines": [ 14.102437, 14.290777, 14.298617, 14.154023 ] }, { "date": "2024-03-01", "close": 14.010245, "volume": 69700, "typical_volume": 34483.95, "trend": 13.991635, "fair_value": 13.87056, "relative_strength": -12.155975, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.757168, "energy": 29.756253, "activity_lines": [ 14.041213, 14.210583, 14.288907, 14.155615 ] }, { "date": "2024-03-08", "close": 14.207797, "volume": 40213, "typical_volume": 35488.25, "trend": 14.006812, "fair_value": 13.876413, "relative_strength": -11.852361, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.316974, "energy": 19.616415, "activity_lines": [ 14.083571, 14.181191, 14.296045, 14.169561 ] }, { "date": "2024-03-15", "close": 14.298566, "volume": 28962, "typical_volume": 36361.5, "trend": 14.035588, "fair_value": 13.882934, "relative_strength": -12.356059, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.410218, "energy": 11.268841, "activity_lines": [ 14.167813, 14.178629, 14.30643, 14.188384 ] }, { "date": "2024-03-22", "close": 14.524595, "volume": 24785, "typical_volume": 37259.75, "trend": 14.071208, "fair_value": 13.890221, "relative_strength": -11.730528, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.824591, "energy": 25.510245, "activity_lines": [ 14.301295, 14.227958, 14.332335, 14.219933 ] }, { "date": "2024-03-29", "close": 14.901905, "volume": 15008, "typical_volume": 37013.35, "trend": 14.110671, "fair_value": 13.898504, "relative_strength": -10.245812, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.957122, "energy": 49.26643, "activity_lines": [ 14.528629, 14.348755, 14.389243, 14.273526 ] }, { "date": "2024-04-05", "close": 15.065641, "volume": 26362, "typical_volume": 37627.75, "trend": 14.157431, "fair_value": 13.907231, "relative_strength": -7.092039, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 81.321171, "energy": 81.283158, "activity_lines": [ 14.754303, 14.48955, 14.454352, 14.335137 ] }, { "date": "2024-04-12", "close": 15.049624, "volume": 43817, "typical_volume": 36022.15, "trend": 14.187684, "fair_value": 13.915405, "relative_strength": -6.322489, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.457096, "energy": 85.490819, "activity_lines": [ 14.904277, 14.618534, 14.511874, 14.392698 ] }, { "date": "2024-04-19", "close": 14.945697, "volume": 110468, "typical_volume": 38492.9, "trend": 14.218551, "fair_value": 13.923896, "relative_strength": -7.197214, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.113704, "energy": 81.380459, "activity_lines": [ 14.963487, 14.716487, 14.553933, 14.441602 ] }, { "date": "2024-04-26", "close": 15.161708, "volume": 22621, "typical_volume": 38433.55, "trend": 14.264089, "fair_value": 13.934265, "relative_strength": -6.509275, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.114662, "energy": 84.117167, "activity_lines": [ 15.051559, 14.834831, 14.613234, 14.502451 ] }, { "date": "2024-05-03", "close": 15.256322, "volume": 11440, "typical_volume": 37902.2, "trend": 14.322204, "fair_value": 13.943841, "relative_strength": -3.999426, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.420678, "energy": 79.78516, "activity_lines": [ 15.128695, 14.950088, 14.678422, 14.566466 ] }, { "date": "2024-05-10", "close": 15.716905, "volume": 36004, "typical_volume": 38840.7, "trend": 14.392856, "fair_value": 13.955955, "relative_strength": -3.852834, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.824057, "energy": 91.192509, "activity_lines": [ 15.33573, 15.127305, 14.785102, 14.656446 ] }, { "date": "2024-05-17", "close": 15.929345, "volume": 43279, "typical_volume": 40352.2, "trend": 14.488027, "fair_value": 13.969218, "relative_strength": -4.391548, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.853465, "energy": 95.328097, "activity_lines": [ 15.570162, 15.312118, 14.907786, 14.755575 ] }, { "date": "2024-05-24", "close": 15.811522, "volume": 26276, "typical_volume": 40838.8, "trend": 14.580506, "fair_value": 13.980539, "relative_strength": -2.3972, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.107805, "energy": 90.086852, "activity_lines": [ 15.70667, 15.444207, 15.013755, 14.840961 ] }, { "date": "2024-05-31", "close": 15.834726, "volume": 32901, "typical_volume": 41444.15, "trend": 14.658696, "fair_value": 13.991025, "relative_strength": -2.047461, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.572447, "energy": 88.436917, "activity_lines": [ 15.793192, 15.553007, 15.117557, 14.921879 ] }, { "date": "2024-06-07", "close": 15.754396, "volume": 25280, "typical_volume": 41714.05, "trend": 14.738857, "fair_value": 14.000079, "relative_strength": -2.795314, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.68338, "energy": 77.83511, "activity_lines": [ 15.80807, 15.623381, 15.208221, 14.992569 ] }, { "date": "2024-06-14", "close": 15.150998, "volume": 96686, "typical_volume": 46137.2, "trend": 14.784136, "fair_value": 14.006752, "relative_strength": -0.667795, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.149143, "energy": 52.453289, "activity_lines": [ 15.588609, 15.568546, 15.234799, 15.019159 ] }, { "date": "2024-06-21", "close": 15.408065, "volume": 75170, "typical_volume": 41440.7, "trend": 14.835042, "fair_value": 14.014946, "relative_strength": -0.823751, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.966393, "energy": 37.070919, "activity_lines": [ 15.492565, 15.558899, 15.283122, 15.059412 ] }, { "date": "2024-06-28", "close": 15.350937, "volume": 35344, "typical_volume": 41189.15, "trend": 14.871865, "fair_value": 14.023112, "relative_strength": -0.649423, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.140217, "energy": 26.161593, "activity_lines": [ 15.41223, 15.532348, 15.32112, 15.092696 ] }, { "date": "2024-07-05", "close": 15.650853, "volume": 34234, "typical_volume": 40976.5, "trend": 14.910035, "fair_value": 14.033211, "relative_strength": -1.106985, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.633157, "energy": 28.49623, "activity_lines": [ 15.462573, 15.552959, 15.380805, 15.142953 ] }, { "date": "2024-07-12", "close": 15.768677, "volume": 44110, "typical_volume": 42133.0, "trend": 14.94372, "fair_value": 14.04422, "relative_strength": -1.965247, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.198598, "energy": 37.816138, "activity_lines": [ 15.564449, 15.586099, 15.444069, 15.198349 ] }, { "date": "2024-07-19", "close": 15.629783, "volume": 23715, "typical_volume": 39833.75, "trend": 14.970421, "fair_value": 14.053595, "relative_strength": -1.673768, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.607463, "energy": 41.474569, "activity_lines": [ 15.619075, 15.58467, 15.48596, 15.242611 ] }, { "date": "2024-07-26", "close": 15.81403, "volume": 52167, "typical_volume": 40431.45, "trend": 15.005029, "fair_value": 14.063945, "relative_strength": 0.725667, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.094235, "energy": 49.876757, "activity_lines": [ 15.703197, 15.618324, 15.537687, 15.297038 ] }, { "date": "2024-08-02", "close": 15.178373, "volume": 40306, "typical_volume": 40998.65, "trend": 15.014565, "fair_value": 14.068849, "relative_strength": 2.131674, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.186154, "energy": 27.207131, "activity_lines": [ 15.548369, 15.538501, 15.521225, 15.308221 ] }, { "date": "2024-08-09", "close": 15.12863, "volume": 37055, "typical_volume": 41612.15, "trend": 15.029445, "fair_value": 14.071779, "relative_strength": 2.600155, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 9.337443, "energy": 9.843024, "activity_lines": [ 15.388465, 15.461146, 15.495837, 15.31558 ] }, { "date": "2024-08-16", "close": 15.537658, "volume": 2851, "typical_volume": 41004.3, "trend": 15.068553, "fair_value": 14.078516, "relative_strength": 1.416485, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.034295, "energy": 14.539819, "activity_lines": [ 15.399718, 15.470998, 15.506528, 15.348368 ] }, { "date": "2024-08-23", "close": 15.745859, "volume": 5557, "typical_volume": 39964.05, "trend": 15.107541, "fair_value": 14.086333, "relative_strength": 0.953493, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.058643, "energy": 18.751695, "activity_lines": [ 15.495773, 15.522645, 15.53402, 15.392066 ] }, { "date": "2024-08-30", "close": 15.823244, "volume": 15362, "typical_volume": 38541.3, "trend": 15.155575, "fair_value": 14.095713, "relative_strength": -0.608064, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.881771, "energy": 29.449982, "activity_lines": [ 15.609884, 15.577546, 15.565642, 15.43824 ] }, { "date": "2024-09-06", "close": 15.425267, "volume": 17171, "typical_volume": 33876.45, "trend": 15.206184, "fair_value": 14.104306, "relative_strength": 0.126785, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.449853, "energy": 23.401632, "activity_lines": [ 15.590722, 15.552539, 15.555679, 15.455639 ] }, { "date": "2024-09-13", "close": 15.609516, "volume": 15844, "typical_volume": 33537.6, "trend": 15.258306, "fair_value": 14.114129, "relative_strength": 0.588724, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.168412, "energy": 25.498054, "activity_lines": [ 15.616517, 15.559681, 15.560979, 15.481661 ] }, { "date": "2024-09-20", "close": 15.694269, "volume": 23620, "typical_volume": 34146.6, "trend": 15.312838, "fair_value": 14.124583, "relative_strength": 0.661613, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.615343, "energy": 28.126617, "activity_lines": [ 15.638504, 15.582984, 15.572218, 15.509787 ] }, { "date": "2024-09-27", "close": 15.983539, "volume": 24275, "typical_volume": 33560.15, "trend": 15.378615, "fair_value": 14.137587, "relative_strength": -0.214623, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.450933, "energy": 37.61432, "activity_lines": [ 15.746473, 15.660234, 15.608922, 15.553058 ] }, { "date": "2024-10-04", "close": 15.697957, "volume": 30276, "typical_volume": 32910.0, "trend": 15.428287, "fair_value": 14.148408, "relative_strength": 1.386356, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.297269, "energy": 34.670968, "activity_lines": [ 15.743403, 15.679128, 15.617157, 15.573661 ] }, { "date": "2024-10-11", "close": 15.721909, "volume": 20080, "typical_volume": 32600.2, "trend": 15.475732, "fair_value": 14.157853, "relative_strength": -0.475471, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.287162, "energy": 33.04096, "activity_lines": [ 15.75667, 15.704488, 15.628776, 15.592605 ] }, { "date": "2024-10-18", "close": 15.970464, "volume": 33176, "typical_volume": 32613.95, "trend": 15.523927, "fair_value": 14.168712, "relative_strength": -1.375236, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.012296, "energy": 45.918466, "activity_lines": [ 15.833012, 15.765157, 15.664493, 15.624523 ] }, { "date": "2024-10-25", "close": 15.762934, "volume": 15547, "typical_volume": 32127.3, "trend": 15.552628, "fair_value": 14.177834, "relative_strength": -1.357718, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.450848, "energy": 28.361688, "activity_lines": [ 15.816114, 15.772787, 15.679799, 15.639943 ] }, { "date": "2024-11-01", "close": 15.656363, "volume": 48273, "typical_volume": 29706.65, "trend": 15.572319, "fair_value": 14.18466, "relative_strength": -1.664272, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.832401, "energy": 24.075422, "activity_lines": [ 15.759115, 15.756945, 15.684914, 15.646635 ] }, { "date": "2024-11-08", "close": 15.493707, "volume": 33071, "typical_volume": 27601.7, "trend": 15.587122, "fair_value": 14.190683, "relative_strength": -0.171424, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.391266, "energy": 8.742179, "activity_lines": [ 15.669708, 15.713156, 15.672133, 15.641563 ] }, { "date": "2024-11-15", "close": 15.577839, "volume": 18667, "typical_volume": 26767.85, "trend": 15.608193, "fair_value": 14.197951, "relative_strength": -0.680307, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.472985, "energy": 14.929121, "activity_lines": [ 15.621963, 15.690655, 15.666956, 15.640964 ] }, { "date": "2024-11-22", "close": 15.607753, "volume": 15114, "typical_volume": 25811.85, "trend": 15.623061, "fair_value": 14.207092, "relative_strength": 1.605214, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.885592, "energy": 10.751707, "activity_lines": [ 15.593793, 15.670819, 15.663547, 15.640936 ] }, { "date": "2024-11-29", "close": 15.645145, "volume": 38083, "typical_volume": 25510.5, "trend": 15.636022, "fair_value": 14.216175, "relative_strength": 2.12592, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.920911, "energy": 10.309852, "activity_lines": [ 15.602269, 15.657814, 15.663905, 15.642361 ] }, { "date": "2024-12-06", "close": 15.951768, "volume": 48543, "typical_volume": 26751.9, "trend": 15.643851, "fair_value": 14.225711, "relative_strength": 0.203045, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.377385, "energy": 21.695657, "activity_lines": [ 15.720804, 15.701452, 15.694053, 15.662732 ] }, { "date": "2024-12-13", "close": 15.871374, "volume": 13041, "typical_volume": 24795.6, "trend": 15.641919, "fair_value": 14.233866, "relative_strength": -0.569897, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.492689, "energy": 32.470802, "activity_lines": [ 15.792848, 15.73105, 15.715011, 15.67741 ] }, { "date": "2024-12-20", "close": 15.482489, "volume": 10641, "typical_volume": 23312.35, "trend": 15.630951, "fair_value": 14.238583, "relative_strength": 0.346309, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.685031, "energy": 11.45127, "activity_lines": [ 15.710086, 15.686789, 15.69866, 15.667125 ] }, { "date": "2024-12-27", "close": 15.699366, "volume": 5600, "typical_volume": 21739.6, "trend": 15.626439, "fair_value": 14.243696, "relative_strength": 0.690856, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.930843, "energy": 16.065395, "activity_lines": [ 15.705973, 15.686313, 15.701515, 15.671539 ] }, { "date": "2025-01-03", "close": 15.852678, "volume": 10307, "typical_volume": 22112.4, "trend": 15.629715, "fair_value": 14.24817, "relative_strength": 1.878542, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.034384, "energy": 21.411307, "activity_lines": [ 15.746856, 15.718641, 15.716254, 15.686135 ] }, { "date": "2025-01-10", "close": 15.699366, "volume": 16135, "typical_volume": 22641.3, "trend": 15.647994, "fair_value": 14.250797, "relative_strength": -1.729992, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.989221, "energy": 15.990017, "activity_lines": [ 15.722799, 15.721462, 15.714892, 15.690628 ] }, { "date": "2025-01-17", "close": 16.278391, "volume": 18862, "typical_volume": 22816.3, "trend": 15.677005, "fair_value": 14.258625, "relative_strength": -1.308916, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 69.131923, "energy": 51.109459, "activity_lines": [ 15.908578, 15.828779, 15.768896, 15.731299 ] }, { "date": "2025-01-24", "close": 16.384035, "volume": 35400, "typical_volume": 23727.75, "trend": 15.711441, "fair_value": 14.266982, "relative_strength": -0.369884, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.59219, "energy": 68.354573, "activity_lines": [ 16.102437, 15.941037, 15.830794, 15.776914 ] }, { "date": "2025-01-31", "close": 16.770761, "volume": 19787, "typical_volume": 23924.9, "trend": 15.748771, "fair_value": 14.278705, "relative_strength": 1.259912, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.210063, "energy": 83.368667, "activity_lines": [ 16.365102, 16.10895, 15.924957, 15.845257 ] }, { "date": "2025-02-07", "close": 16.912245, "volume": 30714, "typical_volume": 24279.6, "trend": 15.78689, "fair_value": 14.290008, "relative_strength": 0.462193, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.377836, "energy": 88.910728, "activity_lines": [ 16.603501, 16.281443, 16.027066, 15.92032 ] }, { "date": "2025-02-14", "close": 17.134851, "volume": 35145, "typical_volume": 24823.1, "trend": 15.837059, "fair_value": 14.304455, "relative_strength": -0.72241, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.77471, "energy": 93.497881, "activity_lines": [ 16.845465, 16.471371, 16.144575, 16.007285 ] }, { "date": "2025-02-21", "close": 17.40839, "volume": 22841, "typical_volume": 24451.35, "trend": 15.890205, "fair_value": 14.323241, "relative_strength": -0.398257, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.831169, "energy": 94.935972, "activity_lines": [ 17.08291, 16.689522, 16.282653, 16.108661 ] }, { "date": "2025-02-28", "close": 17.910194, "volume": 49728, "typical_volume": 25933.75, "trend": 15.981265, "fair_value": 14.352919, "relative_strength": 1.689422, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.924557, "energy": 96.888479, "activity_lines": [ 17.412289, 16.970965, 16.460377, 16.238983 ] }, { "date": "2025-03-07", "close": 18.038473, "volume": 39282, "typical_volume": 26239.05, "trend": 16.07826, "fair_value": 14.380514, "relative_strength": 2.400465, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.564765, "energy": 95.531827, "activity_lines": [ 17.682684, 17.231592, 16.639898, 16.371706 ] }, { "date": "2025-03-14", "close": 18.091293, "volume": 35870, "typical_volume": 27255.2, "trend": 16.163381, "fair_value": 14.405604, "relative_strength": 2.334112, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.308141, "energy": 92.640601, "activity_lines": [ 17.886171, 17.459293, 16.814602, 16.501579 ] }, { "date": "2025-03-21", "close": 18.359175, "volume": 51275, "typical_volume": 27405.3, "trend": 16.250492, "fair_value": 14.433069, "relative_strength": 2.631254, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.199843, "energy": 93.573321, "activity_lines": [ 18.10035, 17.694997, 17.00373, 16.643244 ] }, { "date": "2025-03-28", "close": 18.408222, "volume": 57030, "typical_volume": 28603.25, "trend": 16.336658, "fair_value": 14.459512, "relative_strength": 3.49306, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.911762, "energy": 89.181354, "activity_lines": [ 18.249255, 17.891259, 17.18466, 16.782452 ] }, { "date": "2025-04-04", "close": 16.725489, "volume": 55369, "typical_volume": 30438.35, "trend": 16.379998, "fair_value": 14.476425, "relative_strength": 4.957505, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.625841, "energy": 55.35458, "activity_lines": [ 17.770594, 17.742846, 17.19145, 16.807538 ] }, { "date": "2025-04-11", "close": 16.699076, "volume": 93380, "typical_volume": 34351.65, "trend": 16.416317, "fair_value": 14.49261, "relative_strength": 6.503702, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.999869, "energy": 27.957397, "activity_lines": [ 17.36211, 17.583421, 17.19026, 16.828123 ] }, { "date": "2025-04-18", "close": 17.63204, "volume": 52025, "typical_volume": 35048.75, "trend": 16.48091, "fair_value": 14.515052, "relative_strength": 6.133994, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.62684, "energy": 27.170216, "activity_lines": [ 17.353906, 17.59493, 17.272726, 16.906557 ] }, { "date": "2025-04-25", "close": 18.217375, "volume": 62457, "typical_volume": 35744.45, "trend": 16.555371, "fair_value": 14.541356, "relative_strength": 5.442723, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.060667, "energy": 32.974338, "activity_lines": [ 17.571431, 17.699777, 17.401478, 17.018587 ] }, { "date": "2025-05-02", "close": 18.677687, "volume": 32030, "typical_volume": 36693.9, "trend": 16.654695, "fair_value": 14.573168, "relative_strength": 5.195719, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 76.663512, "energy": 48.715025, "activity_lines": [ 17.951846, 17.868634, 17.56328, 17.155511 ] }, { "date": "2025-05-09", "close": 18.901211, "volume": 35893, "typical_volume": 37956.5, "trend": 16.760672, "fair_value": 14.604869, "relative_strength": 3.522837, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.407465, "energy": 78.382786, "activity_lines": [ 18.388806, 18.055054, 17.733007, 17.300447 ] }, { "date": "2025-05-16", "close": 19.463816, "volume": 53868, "typical_volume": 40369.9, "trend": 16.877117, "fair_value": 14.639494, "relative_strength": 3.109301, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.44582, "energy": 90.989038, "activity_lines": [ 18.868252, 18.325747, 17.940036, 17.474844 ] }, { "date": "2025-05-23", "close": 19.459082, "volume": 47653, "typical_volume": 42237.2, "trend": 17.000322, "fair_value": 14.672284, "relative_strength": 6.016674, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.968966, "energy": 90.89504, "activity_lines": [ 19.161804, 18.569664, 18.128687, 17.641422 ] }, { "date": "2025-05-30", "close": 19.558531, "volume": 47410, "typical_volume": 43800.95, "trend": 17.130394, "fair_value": 14.706443, "relative_strength": 4.806766, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.950458, "energy": 89.92795, "activity_lines": [ 19.366703, 18.806793, 18.309637, 17.806468 ] }, { "date": "2025-06-06", "close": 19.61536, "volume": 23672, "typical_volume": 44041.45, "trend": 17.267782, "fair_value": 14.745138, "relative_strength": 3.655703, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.28187, "energy": 87.498234, "activity_lines": [ 19.501134, 19.032449, 18.477622, 17.966788 ] }, { "date": "2025-06-13", "close": 19.539589, "volume": 33262, "typical_volume": 43934.55, "trend": 17.399841, "fair_value": 14.786977, "relative_strength": 6.161693, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.951614, "energy": 73.295864, "activity_lines": [ 19.547797, 19.222381, 18.622501, 18.113356 ] }, { "date": "2025-06-20", "close": 19.41646, "volume": 44279, "typical_volume": 45159.15, "trend": 17.526798, "fair_value": 14.828679, "relative_strength": 5.910857, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.737899, "energy": 61.849506, "activity_lines": [ 19.510859, 19.338759, 18.740626, 18.243461 ] }, { "date": "2025-06-27", "close": 19.724283, "volume": 34893, "typical_volume": 45368.1, "trend": 17.662769, "fair_value": 14.873818, "relative_strength": 6.061257, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.554451, "energy": 60.71668, "activity_lines": [ 19.579685, 19.461699, 18.875469, 18.385234 ] }, { "date": "2025-07-04", "close": 19.553797, "volume": 26705, "typical_volume": 44946.1, "trend": 17.782837, "fair_value": 14.916831, "relative_strength": 5.320015, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.674795, "energy": 60.02563, "activity_lines": [ 19.574002, 19.5156, 18.980685, 18.507236 ] }, { "date": "2025-07-11", "close": 19.8853, "volume": 55668, "typical_volume": 46587.45, "trend": 17.916634, "fair_value": 14.963461, "relative_strength": 5.71263, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.482161, "energy": 70.869961, "activity_lines": [ 19.679136, 19.605476, 19.105954, 18.642879 ] }, { "date": "2025-07-18", "close": 19.924095, "volume": 128962, "typical_volume": 50549.15, "trend": 18.064688, "fair_value": 15.008492, "relative_strength": 5.142706, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.243058, "energy": 84.134647, "activity_lines": [ 19.779206, 19.68045, 19.223123, 18.772392 ] }, { "date": "2025-07-25", "close": 20.158381, "volume": 73858, "typical_volume": 52277.95, "trend": 18.213322, "fair_value": 15.052635, "relative_strength": 5.180329, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.741635, "energy": 89.03053, "activity_lines": [ 19.931737, 19.779422, 19.353015, 18.907469 ] }, { "date": "2025-08-01", "close": 19.675167, "volume": 61622, "typical_volume": 53565.55, "trend": 18.340738, "fair_value": 15.092833, "relative_strength": 4.592248, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.020748, "energy": 70.598503, "activity_lines": [ 19.873736, 19.777909, 19.426791, 19.001782 ] }, { "date": "2025-08-08", "close": 20.461, "volume": 39685, "typical_volume": 52986.05, "trend": 18.499459, "fair_value": 15.136493, "relative_strength": 4.310742, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.266498, "energy": 70.694988, "activity_lines": [ 20.080953, 19.915346, 19.567867, 19.138573 ] }, { "date": "2025-08-15", "close": 20.890526, "volume": 63701, "typical_volume": 53319.6, "trend": 18.653197, "fair_value": 15.184713, "relative_strength": 3.846034, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.075694, "energy": 77.07265, "activity_lines": [ 20.370866, 20.114471, 19.739841, 19.292835 ] }, { "date": "2025-08-22", "close": 21.173622, "volume": 44849, "typical_volume": 52793.6, "trend": 18.81285, "fair_value": 15.237357, "relative_strength": 3.570568, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.90807, "energy": 88.040325, "activity_lines": [ 20.688129, 20.341882, 19.926956, 19.455444 ] }, { "date": "2025-08-29", "close": 20.392666, "volume": 56091, "typical_volume": 50929.15, "trend": 18.93358, "fair_value": 15.28559, "relative_strength": 2.288385, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.326118, "energy": 74.726731, "activity_lines": [ 20.661771, 20.397591, 20.018513, 19.557367 ] }, { "date": "2025-09-05", "close": 20.30969, "volume": 95272, "typical_volume": 53091.5, "trend": 19.046828, "fair_value": 15.332968, "relative_strength": 3.207762, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.897572, "energy": 63.009588, "activity_lines": [ 20.592135, 20.420465, 20.084578, 19.646148 ] }, { "date": "2025-09-12", "close": 20.592785, "volume": 66821, "typical_volume": 53309.7, "trend": 19.162092, "fair_value": 15.380448, "relative_strength": 2.213148, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.51558, "energy": 58.127516, "activity_lines": [ 20.574564, 20.484167, 20.164855, 19.745888 ] }, { "date": "2025-09-19", "close": 20.461, "volume": 115425, "typical_volume": 57479.45, "trend": 19.263846, "fair_value": 15.433013, "relative_strength": 2.09102, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.199797, "energy": 40.235909, "activity_lines": [ 20.504278, 20.505018, 20.221269, 19.829688 ] }, { "date": "2025-09-26", "close": 20.758738, "volume": 156450, "typical_volume": 63507.3, "trend": 19.358798, "fair_value": 15.489116, "relative_strength": 2.654923, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.153557, "energy": 44.035778, "activity_lines": [ 20.561873, 20.569535, 20.297547, 19.926133 ] }, { "date": "2025-10-03", "close": 20.890526, "volume": 92917, "typical_volume": 65459.75, "trend": 19.453866, "fair_value": 15.54597, "relative_strength": 1.780509, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.143851, "energy": 51.391456, "activity_lines": [ 20.691056, 20.642838, 20.377531, 20.024954 ] }, { "date": "2025-10-10", "close": 20.685526, "volume": 102398, "typical_volume": 68197.0, "trend": 19.54034, "fair_value": 15.601029, "relative_strength": 3.540499, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.613797, "energy": 46.857975, "activity_lines": [ 20.718716, 20.665557, 20.431197, 20.104416 ] }, { "date": "2025-10-17", "close": 20.558905, "volume": 79777, "typical_volume": 69815.35, "trend": 19.613665, "fair_value": 15.65345, "relative_strength": 3.459396, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.693568, "energy": 42.606387, "activity_lines": [ 20.679112, 20.646884, 20.466964, 20.17013 ] }, { "date": "2025-10-24", "close": 21.010042, "volume": 76891, "typical_volume": 72476.3, "trend": 19.700392, "fair_value": 15.706921, "relative_strength": 3.742668, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.733546, "energy": 47.320045, "activity_lines": [ 20.792147, 20.708455, 20.540933, 20.260219 ] }, { "date": "2025-10-31", "close": 21.158768, "volume": 107884, "typical_volume": 76207.4, "trend": 19.848168, "fair_value": 15.75943, "relative_strength": 2.652467, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.716379, "energy": 50.697164, "activity_lines": [ 20.918153, 20.794895, 20.622425, 20.354307 ] }, { "date": "2025-11-07", "close": 21.148851, "volume": 139033, "typical_volume": 80945.1, "trend": 19.996494, "fair_value": 15.808742, "relative_strength": 3.075063, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.48764, "energy": 52.708041, "activity_lines": [ 21.014186, 20.879802, 20.695262, 20.438222 ] }, { "date": "2025-11-14", "close": 21.545454, "volume": 142852, "typical_volume": 86343.05, "trend": 20.126941, "fair_value": 15.860342, "relative_strength": 2.296993, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.379722, "energy": 77.794742, "activity_lines": [ 21.225198, 21.023069, 20.797621, 20.538155 ] }, { "date": "2025-11-21", "close": 20.990211, "volume": 120801, "typical_volume": 91047.85, "trend": 20.219369, "fair_value": 15.907896, "relative_strength": 2.667289, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.39326, "energy": 58.650221, "activity_lines": [ 21.1938, 21.042915, 20.838427, 20.59385 ] }, { "date": "2025-11-28", "close": 21.599987, "volume": 73381, "typical_volume": 91933.5, "trend": 20.316779, "fair_value": 15.959084, "relative_strength": 3.831367, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.099597, "energy": 66.833144, "activity_lines": [ 21.336907, 21.166403, 20.930468, 20.682922 ] }, { "date": "2025-12-05", "close": 21.768543, "volume": 71340, "typical_volume": 89052.4, "trend": 20.412357, "fair_value": 16.011384, "relative_strength": 4.282321, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.327827, "energy": 70.939931, "activity_lines": [ 21.49687, 21.299829, 21.030396, 20.776584 ] }, { "date": "2025-12-12", "close": 21.847864, "volume": 231240, "typical_volume": 96921.5, "trend": 20.491825, "fair_value": 16.066775, "relative_strength": 4.270651, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.021905, "energy": 65.377177, "activity_lines": [ 21.642622, 21.429317, 21.129095, 20.869198 ] }, { "date": "2025-12-19", "close": 22.408068, "volume": 91612, "typical_volume": 98421.0, "trend": 20.590124, "fair_value": 16.124117, "relative_strength": 3.797239, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.926719, "energy": 88.159087, "activity_lines": [ 21.928507, 21.643253, 21.273102, 20.992826 ] }, { "date": "2025-12-26", "close": 22.561749, "volume": 60380, "typical_volume": 99455.75, "trend": 20.690232, "fair_value": 16.183428, "relative_strength": 4.670002, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.273681, "energy": 92.065902, "activity_lines": [ 22.208112, 21.853813, 21.418732, 21.120028 ] }, { "date": "2026-01-02", "close": 23.02776, "volume": 74430, "typical_volume": 99992.2, "trend": 20.803978, "fair_value": 16.241132, "relative_strength": 4.846634, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.871778, "energy": 94.956404, "activity_lines": [ 22.538285, 22.112687, 21.59874, 21.270836 ] }, { "date": "2026-01-09", "close": 23.042629, "volume": 140515, "typical_volume": 104775.5, "trend": 20.920746, "fair_value": 16.298064, "relative_strength": 3.889018, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.870418, "energy": 92.463298, "activity_lines": [ 22.778229, 22.337579, 21.769987, 21.415265 ] }, { "date": "2026-01-16", "close": 23.278162, "volume": 105801, "typical_volume": 107261.0, "trend": 21.04947, "fair_value": 16.356335, "relative_strength": 4.519134, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.206499, "energy": 92.52708, "activity_lines": [ 23.011745, 22.571043, 21.954765, 21.567357 ] }, { "date": "2026-01-23", "close": 23.223366, "volume": 194139, "typical_volume": 112204.35, "trend": 21.166106, "fair_value": 16.413659, "relative_strength": 6.249637, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.930252, "energy": 85.991682, "activity_lines": [ 23.131642, 22.755829, 22.120585, 21.707608 ] }, { "date": "2026-01-30", "close": 23.567085, "volume": 118999, "typical_volume": 114813.25, "trend": 21.299882, "fair_value": 16.472041, "relative_strength": 5.93459, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.469956, "energy": 75.798286, "activity_lines": [ 23.31176, 22.972602, 22.305264, 21.86251 ] }, { "date": "2026-02-06", "close": 23.895859, "volume": 153610, "typical_volume": 116722.5, "trend": 21.433567, "fair_value": 16.533401, "relative_strength": 6.323209, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.505923, "energy": 72.389479, "activity_lines": [ 23.534446, 23.202299, 22.507093, 22.029992 ] }, { "date": "2026-02-13", "close": 23.616898, "volume": 120784, "typical_volume": 114939.2, "trend": 21.556661, "fair_value": 16.591677, "relative_strength": 5.828341, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.018417, "energy": 66.581485, "activity_lines": [ 23.606272, 23.339534, 22.665997, 22.170852 ] }, { "date": "2026-02-20", "close": 24.259502, "volume": 109428, "typical_volume": 115764.75, "trend": 21.693365, "fair_value": 16.655782, "relative_strength": 5.984516, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.958049, "energy": 72.810868, "activity_lines": [ 23.854014, 23.559999, 22.872491, 22.345229 ] }, { "date": "2026-02-27", "close": 24.289389, "volume": 315112, "typical_volume": 126400.45, "trend": 21.847172, "fair_value": 16.717711, "relative_strength": 4.250263, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.59808, "energy": 74.313562, "activity_lines": [ 24.046297, 23.74205, 23.065789, 22.512714 ] }, { "date": "2026-03-06", "close": 23.397717, "volume": 160278, "typical_volume": 130425.5, "trend": 21.945063, "fair_value": 16.777406, "relative_strength": 7.117572, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.74499, "energy": 61.933344, "activity_lines": [ 23.870287, 23.727773, 23.157004, 22.61275 ] }, { "date": "2026-03-13", "close": 23.178534, "volume": 105720, "typical_volume": 131866.95, "trend": 22.02133, "fair_value": 16.841502, "relative_strength": 5.493515, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.138819, "energy": 47.21422, "activity_lines": [ 23.632507, 23.658445, 23.213827, 22.692328 ] }, { "date": "2026-03-20", "close": 22.894592, "volume": 108633, "typical_volume": 131904.4, "trend": 22.078696, "fair_value": 16.904563, "relative_strength": 7.523918, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.397097, "energy": 28.384232, "activity_lines": [ 23.347902, 23.53475, 23.233282, 22.748668 ] }, { "date": "2026-03-27", "close": 22.88463, "volume": 266522, "typical_volume": 138278.85, "trend": 22.161761, "fair_value": 16.964674, "relative_strength": 5.929538, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.415115, "energy": 26.746806, "activity_lines": [ 23.10813, 23.411936, 23.243522, 22.800664 ] }, { "date": "2026-04-03", "close": 23.821136, "volume": 49543, "typical_volume": 133613.4, "trend": 22.278809, "fair_value": 17.030958, "relative_strength": 4.677214, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.382559, "energy": 25.970498, "activity_lines": [ 23.272184, 23.46655, 23.334687, 22.90772 ] }, { "date": "2026-04-10", "close": 24.50359, "volume": 109691, "typical_volume": 133057.9, "trend": 22.409169, "fair_value": 17.09944, "relative_strength": 3.093803, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.162082, "energy": 38.02997, "activity_lines": [ 23.69494, 23.634378, 23.480011, 23.051254 ] }, { "date": "2026-04-17", "close": 25.195, "volume": 106389, "typical_volume": 134708.3, "trend": 22.566969, "fair_value": 17.172839, "relative_strength": 3.168294, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 80.470331, "energy": 58.442035, "activity_lines": [ 24.274441, 23.91089, 23.674454, 23.230985 ] }, { "date": "2026-04-24", "close": 24.700001, "volume": 46185, "typical_volume": 133450.55, "trend": 22.698345, "fair_value": 17.242959, "relative_strength": 3.594067, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.983348, "energy": 73.956685, "activity_lines": [ 24.554512, 24.073782, 23.804635, 23.3686 ] }, { "date": "2026-05-01", "close": 24.834999, "volume": 43815, "typical_volume": 124079.3, "trend": 22.829827, "fair_value": 17.314115, "relative_strength": 2.778061, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.210845, "energy": 77.705282, "activity_lines": [ 24.759221, 24.241525, 23.933713, 23.506449 ] }, { "date": "2026-05-08", "close": 25.245001, "volume": 239865, "typical_volume": 131491.95, "trend": 22.98181, "fair_value": 17.388292, "relative_strength": 2.136159, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.694605, "energy": 80.829097, "activity_lines": [ 24.970573, 24.473351, 24.087615, 23.662267 ] }, { "date": "2026-05-15", "close": 25.41, "volume": 119940, "typical_volume": 134469.95, "trend": 23.143513, "fair_value": 17.462548, "relative_strength": 3.015404, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.23764, "energy": 74.850393, "activity_lines": [ 25.142, 24.717802, 24.243721, 23.818924 ] }, { "date": "2026-05-22", "close": 26.035, "volume": 170940, "typical_volume": 139295.45, "trend": 23.311011, "fair_value": 17.542216, "relative_strength": 4.575429, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.009984, "energy": 80.487487, "activity_lines": [ 25.461333, 25.039302, 24.445789, 24.005472 ] }, { "date": "2026-05-29", "close": 25.995001, "volume": 73681, "typical_volume": 135953.75, "trend": 23.472219, "fair_value": 17.620136, "relative_strength": 3.192369, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.863554, "energy": 77.689073, "activity_lines": [ 25.711334, 25.301594, 24.629726, 24.178632 ] }, { "date": "2026-06-05", "close": 25.66, "volume": 9224, "typical_volume": 131124.9, "trend": 23.622591, "fair_value": 17.695814, "relative_strength": 2.034953, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.184275, "energy": 72.589904, "activity_lines": [ 25.763334, 25.446606, 24.7677, 24.319779 ] }, { "date": "2026-06-12", "close": 25.347134, "volume": 21127, "typical_volume": 122474.3, "trend": 23.749314, "fair_value": 17.769284, "relative_strength": -2.336468, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.70924, "energy": 57.035397, "activity_lines": [ 25.656045, 25.484272, 24.864536, 24.43104 ] }, { "date": "2026-06-19", "close": 25.366573, "volume": 13877, "typical_volume": 117218.2, "trend": 23.895192, "fair_value": 17.846433, "relative_strength": -4.707605, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.147685, "energy": 49.998515, "activity_lines": [ 25.548427, 25.497726, 24.953109, 24.53538 ] }, { "date": "2026-06-26", "close": 25.09444, "volume": 19188, "typical_volume": 110497.1, "trend": 24.011674, "fair_value": 17.919965, "relative_strength": -2.791868, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.045507, "energy": 35.119093, "activity_lines": [ 25.352993, 25.446012, 25.007196, 24.61275 ] }, { "date": "2026-07-03", "close": 25.28396, "volume": 3872, "typical_volume": 104651.5, "trend": 24.128855, "fair_value": 17.996255, "relative_strength": -4.885484, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.849259, "energy": 28.700457, "activity_lines": [ 25.283436, 25.430583, 25.073625, 24.694833 ] }, { "date": "2026-07-10", "close": 25.322838, "volume": 92374, "typical_volume": 103798.8, "trend": 24.244687, "fair_value": 18.069994, "relative_strength": -4.313697, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.578038, "energy": 26.661686, "activity_lines": [ 25.274242, 25.411607, 25.135818, 24.771865 ] }, { "date": "2026-07-17", "close": 25.84, "volume": 108761, "typical_volume": 93481.25, "trend": 24.359085, "fair_value": 18.145755, "relative_strength": -0.996322, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.186375, "energy": 39.294488, "activity_lines": [ 25.459912, 25.477789, 25.242201, 24.874788 ] }, { "date": "2026-07-24", "close": 26.094999, "volume": 90106, "typical_volume": 89972.65, "trend": 24.47686, "fair_value": 18.222244, "relative_strength": 0.101532, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 75.394522, "energy": 58.733139, "activity_lines": [ 25.697725, 25.579517, 25.365486, 24.986782 ] }, { "date": "2026-07-31", "close": 26.73, "volume": 119951, "typical_volume": 90684.2, "trend": 24.600268, "fair_value": 18.304947, "relative_strength": 1.731492, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.721227, "energy": 84.340758, "activity_lines": [ 26.098642, 25.784246, 25.536403, 25.132146 ] }, { "date": "2026-08-07", "close": 27.190001, "volume": 88795, "typical_volume": 89692.3, "trend": 24.738514, "fair_value": 18.391085, "relative_strength": 0.451776, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.11759, "energy": 95.312924, "activity_lines": [ 26.543856, 26.059974, 25.734218, 25.299226 ] } ], "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." } } }